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  • A Lottery Payroll Deduction; Speed Dialing Tax
    According to Wikipedia, speed dial is a function available on many telephone systems; it allows a person to place a call more quickly and with much less effort.  It is a great idea, a person no longer has to laboriously push all those buttons or touch numbers on a screen. ... Read more »
  • Mass Shopping, Big Sales and the Thanksgiving Weekend
    Thanksgiving has become the busiest travel and shopping holiday of the year.  It is a great time for retail sales and travel destinations, but it is not without its potential liabilities.  In the long-term, those who benefit today may suffer and in the short-term other businesses are suffering now. Regardless... Read more »
  • Acquisitions, Mergers and REITs: The Way Things Are Done These Days
    The sales of three properties, Greektown in Detroit, Atlantic Club Casino in Atlantic City and Kentucky Downs in Kentucky, were announced in the same week.  Terms were not disclosed on the Atlantic Club or Kentucky Downs, but Greektown was reportedly sold for $1 billion to Penn National and VICI Properties. ... Read more »
  • The Mid-Term Elections of 2018: Over at Last
    Whew, the mid-term elections are in the rear-view mirror.  It brings an end to incessant political advertisements and speeches, to a daily stream of emails soliciting support and the harassing robocalls.  The campaigning was intense, the rhetoric inflamed and the emotions strong – but it worked.  A record number of... Read more »
  • How a Founder’s Ball Became the Foundation of a Big Dance
    On October 23rd an article in the Becker Hospital Review reported on a casino-themed, charity fund raiser called the Founder’s Ball held in Brooklyn, New York.  The event was attended by 850 people and raised $1.5 million for the hospital.  The attendees wore formal attire and played blackjack, roulette, craps,... Read more »
  • The New Strip on the Atlantic Coast
    There are 38 casinos located in seven states between Boston and Washington, D. C.  The long line of casinos might easily be called a strip, not unlike the Strip.  On the Atlantic Strip, the casinos are being built as close to population centers as possible. Nearly all recent legislation has... Read more »
  • The Rio Rumor: True or False?
    There are rumors floating around Las Vegas that the Rio is for sale.  One rumor says there are several suitors and the property is already scaling back some operations in preparation for new bosses.  Another speculates the property is to be sold and demolished to make room for a major... Read more »
  • Sports, Media and Gambling Have a Common Cause
    In May, the United States Supreme Court ruled against a federal law banning sports betting.  With that ruling New Jersey, Mississippi, Pennsylvania, Rhode Island and West Virginia rushed to pass enabling legislation.  In June, sports betting began in New Jersey and Mississippi and West Virginia joined in August.   In August,... Read more »
  • 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 »

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