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Global Summary of Business Development and Strategy in the Gaming Industry

  • 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 »
  • A Wild and Crazy Year for Gaming
    The narrative that has grabbed the most headlines and inches of copy in 2018 is sports betting.  The Supreme Court of the United States overturned the Professional and Amateur Sports Protection Act of 1992 in May, or as one clever headline put it – SCOTUS kicked PASPA to the curb. … Read more »
  • Are There Signs of Recovery in Atlantic City?
    The casinos in Atlantic City are having the best year they have had in ten years and some people are beginning to speculate the city is back on the road to prosperity.  For the first ten months of 2018, the casino win is $2.387 billion, up 5.76 percent from 2017. … Read more »
  • 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 »

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