Adams Gaming Business Review


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Global Summary of Business Development and Strategy in the Gaming Industry

  • Is Atlantic City a Phoenix Rising from the Ashes?
    Atlantic City Casinos See Revenue Soar in July: That was the headline from the Press of Atlantic City on August 15th. It screamed out a phoenix-like rise of Atlantic City from the depths of decline that began a decade ago.  According to the Press, the nine casinos operating in Atlantic... Read more »
  • Dancing the Wall Street Tango
    Wall Street can be a ruthless taskmaster.  Public companies hold earnings calls each quarter to discuss and explain the company’s revenues, profits and the extenuating circumstance-effected results.  Analysts and reporters are on the call to ask questions and probe into sensitive areas.  Before the earnings have been made public, analysts... Read more »
  • The Right Man for the Job
    Phil Satre has a new job; he is the chairman designate of Wynn Resorts.  Satre has a long and storied career in gaming.  After law school, Satre joined the law firm of Vargas and Dixon; Mead Dixon was an attorney for Bill Harrah’s and Harrah’s Casino.  In that capacity as... Read more »
  • Here a Pokie, There a Pokie, Everywhere a Pokie-Pokie
    In Australia slot machines are called Pokies.  The name is derived from poker machines, although the name predates gaming machines that actually offered poker.  In 1953, Len Ainsworth started to use his dad’s company and machinery to manufacturer slot machines. The company was called Aristocrat.  Ainsworth’s process was more efficient... Read more »
  • The Latest Skirmish in the Tuscarora War
    On Monday, July 23, 2018 officers of the Robeson County Sheriff’s office, Federal Bureau of Alcohol, Tobacco, Firearms and Explosives, Department of Homeland Security, North Carolina and Virginia National Guard raided three casino locations in North Carolina.  They arrested 26 people and confiscated weapons, cash and over 200 slot machines. ... Read more »
  • The Robot Invasion Takes another Beach
    Vdara Hotel & Spa is a 1,495 all-suite hotel within the $8.5 billion CityCenter complex in Las Vegas. It opened in 2009, intent on being very modern and luxurious. Everything is top of the line and as contemporary as an iPhone X.  On July 9th, the property announced it had... Read more »
  • Ultimately, Who is Going to Pay the Cost of Parking on the Strip?
    In the midst of the national hoopla around the legalization of sports betting, a minor, but intriguing, story from the Las Vegas Strip appeared. On June 7th, Wynn and Encore Resorts announced an end to parking fees for hotel guests and customers who spend more than $50 in the casino... Read more »
  • The Illinois’ Gaming Bill Has Come and Gone for another Year
    Gaming nearly took another giant leap forward in Illinois.  According to the Chicago Tribune, “It is something of an unofficial tradition in Springfield: As lawmakers inch closer to the end of the spring legislative session, a proposal to expand gambling pops up with the promise of generating tons of cash.” ... Read more »
  • The Supreme Court Pulled Out the Cork and the Genie Is Loose
    On Monday, May 14th, the United States Supreme Court struck down the Professional and Amateur Sports Protection Act (PASPA) of 1992.  The law prohibited sports betting except as conducted by the lottery in Oregon, Delaware, Montana and in casinos in Nevada.  New Jersey had sued, claiming the law violated the... Read more »
  • Atlantic City Pushes the Restart Button
    On May 26th, Resorts, the first casino in Atlantic City, will celebrate its 40th anniversary.  As if to celebrate that event, two new casinos are scheduled to open on June 26th.  Actually they are not new casinos, rather reincarnations of failed casino-resorts. Hard Rock is replacing the Trump Taj Mahal,... Read more »

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