Gambling and sports

I read an interesting piece in the Pittsburgh Post-Gazette about the links between gambling and sports.  Here’s the opening, but I really urge you to read the whole thing: The relationship between sports and gambling, once at arm’s length and now almost hand in hand, is embodied by the brothers Maloof. The family owns both … Read more

Merger update

Here’s a great capsule summary of the Harrah’s/Caesars merger proposal, and a breakdown of Harrah’s Caesars, MGM MIRAGE, and Mandalay Resort group, from Yahoo Finance: Casino operator Harrah’s Entertainment is close to buying bigger rival Caesars Entertainment in a $10 billion deal that would form the world’s largest casino empire with $8.8 billion in annual … Read more

Indian gaming revenue

The National Indian Gaming Commission has released its figures for 2003 casino revenues: National Indian Gaming Commission Chairman Phil Hogen announced today that national 2003 gross gaming revenues for Indian gaming facilities topped $16.7 billion, an increase of $2 billion or 13.7 percent over 2002 gross gaming revenues. “The Indian gaming industry has grown significantly … Read more

Bill and Jay’s Excellent Adventure

Metaphorically, of course. Since both Bill Harrah and Jay Sarno are deceased, I’m talking about the companies that claim them as founders: Harrah’s Entertainment and Caesars Entertainment. According to the Wall Street Journal, quoted here by Reuters, Bill’s company is going to acquire Jay’s, the second major gaming merger in a month: Harrah’s Entertainment Inc.is … Read more

Breathe easy, Anaheim

Particularly if you own a pinball machine. From the LA Times: Anaheim officials are doing a little housekeeping and whittling down the city’s bulky municipal code. Tonight, the City Council is scheduled to consider repealing or modifying several ordinances that officials call outdated, redundant or just plain silly. The unlucky task of poring through decades … Read more