All GLG News Analyses Filed Under: Gaming & Casinos

This could be a very significant move on the part of the Flamingo dealers. It would be the second property of Harrah's to go union. It could be the start of a domino effect toward the remainder of their hotel/casinos in Nevada.

"Junkets" in Macau are not like junkets to U.S. casinos.  This could be a major blow, and shows that competition is heating up sooner than expected.  It also raises questions of competing in Macau against experienced locals.

The loss of the New Jersey license for the Atlantic City Tropicana technically put the company into default on its bonds.  However, Credit Suisse and the other lenders have agree to hold off bankruptcy for one year.   This means the bondholders will probably get paid off 100%, but...

The Department of Justice has issued fines totaling $31 million against Microsoft, Yahoo, and Google for displaying ads that promoted internet gambling, which violated some municipal and state laws, and the federal wire wager act. This decision has some interesting considerations.

What actually is on the mind of the new ownership of Harrah's? They have been very tight lipped about where they might be headed at the start of this new relationship. They are sitting on some land that Harrah's has paid substantial numbers for. It will be a hard choice to let the project stay status...

The $31.5 million fine is not significant.  But the DOJ has subtly expanded the war, by including claims of violating "municipal" laws.  This is bad news for anyone who is thinking about placing or taking ads.

The major implication is that Columbia Sussex has lost the Tropicana in Atlantic City. They also have The Tropicana in Las Vegas plus more properties in Nevada. They could possibly be in jeopardy of losing just a bit more if they don't learn the gaming business and real quick....

The New Jersey Gaming Board has denied the Trpicana owners the renewal of their New Jersey Gaming license

The Packer family of casinos are entering the Nevada casino  business. They have chosen a rather easy method of doing this. They purchased a very good local gaming entity - The Cannery and the Rampart are very secure in the local casino market. This can only enhance their future plans in this market...

It's time for all the do gooders to back off before they kill a very successful industry. The State legislatures always need more money. The burden to provide the funds should not fall on the gaming industry alone. There is a very strong need to keep the gaming environment alive and well. Taxing until...