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Global Summary of Business Development and Strategy in the Gaming Industry

  • Illinois and its Neighbors are Set to Be Transformed
    On Sunday, June 2nd, at the last possible moment, the Illinois legislature passed a massive gambling expansion bill.  Adding more gaming is a perennial issue for Illinois lawmakers, politicians and would-be operators.  Each year, the governor, mayor of Chicago, racetrack, casino and VLT operators have a wish list for the… Read more »
  • Win, Profit and A Front-Man: Finding the Correct Words
    The casino industry gets its fair share of media coverage.  At times, the coverage is very good and factually correct. The newspapers in Las Vegas, Atlantic City, Springfield, Massachusetts, Hartford, Connecticut and in the major cities in California have become expert observers of the industry.  In other locations, the coverage… Read more »
  • Wynn and MGM: Life in a Glass House
    The biggest news in the gaming world for five days in May was the sale of Wynn Resorts’ Encore Boston Harbor to MGM Resorts International.  The Boston Globe broke the story on May 17th, a Friday, in the late afternoon.  By Wednesday morning, May 22nd, both companies had released statements… Read more »
  • A Derby to End all Derbies
    The May 4th Kentucky Derby was first of three horse races that constitute the Triple Crown.  It was squeezed into a very busy weekend that included Cinco de Mayo, the beginning of Ramadan, the National Hockey League championships and the NBA finals.  Horse racing seldom makes the national news, except… Read more »
  • What Is A Regulator’s Job?
    Gambling regulators in Louisiana, New Jersey and Massachusetts have some big issues on their plates and no one is quite sure what to expect.  Big issues in regulation are not uncommon in gaming.  Casino gaming is a highly regulated industry and regulators play very prominent roles.  As conditions change and… Read more »
  • A Tale of Tunica’s Decline
    The Resorts Casino in Tunica, Mississippi is scheduled to close on June 30th.   It will be the third casino to close in Tunica since 2014.  The Roadhouse closed in January of this year and Harrah’s Tunica in 2014.  Tunica has been on a long downward slide caused by competition from… Read more »
  • What is Going on in Macau These Days?
    In March, casino revenue in Macau fell .4 percent to $3.2 billion; in February revenue was up 4.4 percent and in January down 5 percent.  VIP win was down 10 percent for the first quarter and mass-market win was up 8 percent. Predictions for the rest of year vary, but… Read more »
  • Caesars Is for Sale: Let The Buyer Beware
    Oh, once mighty Caesar, what has befallen thee? Caesars Entertainment, once the strongest of casino companies appears to be nearing its end.  Since December Carl Icahn has acquired nearly 20 percent of the stock of Caesars Entertainment.   Icahn thinks the company is underperforming and the stock undervalued.  To rectify the… Read more »
  • Gambling on Sports: The Flood Gates are Open
    The national gaming narrative is being kidnapped by the legalization of sports gambling.  It has been less than a year since the Supreme Court ruled the Professional and Amateur Sports Protection Act of 1992 is unconstitutional.  Sports betting has leaped from the exclusive territory of Nevada casinos onto the national… Read more »
  • Will LVS and WYNN Survive the End of the Adelson-Wynn Era?
    The future of sports teams after creative geniuses and super stars leave is a frequent topic of discussion.  The same kind of discussion also takes place in business; is there life after Steve Jobs, Sam Walton, Ray Kroc or Colonel Sanders?  Recently two major events occurred in casino gaming that… Read more »
  • Macau Dances the Chinese Tango
    Gaming revenues in Macau have stagnated lately.  It is difficult to put a finger on the exact cause partly because the city is a mixture of government systems.  Macau is unique in many ways; it was a Portuguese trading post for 300 years until it became a Portuguese colony in… Read more »
  • Atlantic City: A Word of Caution
    Atlantic City is seemingly experiencing a resurgence.  Gaming revenue has grown year over year for the last two years after ten years of declines.  In 2018, total gaming revenue was up 8.7 percent and for December, a whopping 25 percent.  However, a word of caution, it may not be what… Read more »
  • It is Time to Adapt to the 21st Century for Wynn and Okada
    Steve Wynn and Kazuo Okada are two of the most successful men in gaming. Their careers span almost fifty years; each of them in his own way shaped the industry.  Wynn and Okada are the same age, born in 1942.  In the early 2000s, Wynn and Okada became partners when… Read more »
  • Brian Sandoval Moves On
    Beginning in 1996, Brian Sandoval was Nevada Assemblyman, chairman of the Nevada Gaming Commission, Attorney General of Nevada, a judge serving in the United States District Court or the District of Nevada and in 2011 he became Nevada’s 29th governor.  Throughout his twenty plus years in politics he was always… Read more »
  • Playing Loose and Fast with the Truth
    Imagine if you can, a 30-something couple sitting at a table in their local bar.  They are telling their friends about a trip they took recently.  In the story, the couple on vacation in a faraway place called The Strip, decided to go down to the hotel swimming pool.  It… Read more »

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