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Global Summary of Business Development and Strategy in the Gaming Industry

  • 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 »
  • Macau is becoming a Rest Stop on the Great Silk Road
    It is earnings season again and the casino reports from Macau are good.  Wynn, Sands, MGM, SJM and Melco all reported double digit increases in revenues and profits for the first quarter. The total gaming win for the city was up 20.5 percent to $9.6 billion for the quarter; April... Read more »
  • Caesars in Dubai: A Camel’s Nose under the Tent?
    Eldorado Resorts, Boyd and Penn National are extending their footprints across the nation at every new opportunity.  But for the next tier up, the mega-casino companies, Caesars, Wynn, Sands and MGM there are not enough of those opportunities to be found within the national borders.  They are scouring the globe... Read more »
  • Eldorado Resorts is on the Move Again
    In one day in April, Eldorado Resorts Inc added eight casinos to its portfolio; seven came from buying Carl Icahn’s Tropicana Company and the other, a casino in Illinois purchased from Caesars. Those purchases are the latest move in the company’s dramatic expansion that began in 2005, when it bought... Read more »
  • Niagara Falls Closes the Door after the Horses Escaped
    In these days of political polarization, very few voters trust any government official.  Actually it is a long-term trend; Forbes has been doing a poll for 16 years on the most and least trusted professions in the country.  Nurses, military officers, grade school teachers and medical doctors are at the... Read more »
  • The Casino Quandary of Andrew Cuomo
    Resorts World Catskills, New York’s fourth commercial casino opened on February 9, 2018.   It cost $1.2 billion to build and has 2100 slot machines, one hundred and thirty table games and one hundred hotel rooms.  New York is a rather crowded gambling market place; success and profit will not come... Read more »

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