Is a New York City Casino License Worth $1 Billion?

Is a New York City Casino License Worth $1 Billion?

No government has ever asked $1 billion just for the right to build a casino. That still is true.  But that’s how much New York Governor Kathy Hochul had originally wanted for casinos in New York City. Casino executives and lobbyists were able to get the leaders of...
Texas’ Poker Clubs Are in Trouble

Texas’ Poker Clubs Are in Trouble

A little-known fact, known by few:  Texas has poker clubs.  These are by no means just a couple of tables in the back of a bar.  The Lodge Card Club in Round Rock outside of Austin has more than 60 tables.   The games — mostly Texas Hold ’em, naturally...
Macau’s Casinos Are About To Change

Macau’s Casinos Are About To Change

Junkets and high-rollers are out. Mass-market is definitely in. The six current concessionaires, including the American companies MGM, Wynn, and Las Vegas Sands, are, rightly, mostly concerned about whether they will be allowed to continue to operate casinos. But they...
Macau’s New Laws: Too Early to Celebrate

Macau’s New Laws: Too Early to Celebrate

The new proposed laws for Macau casinos have been made public, and the existing casino operators – and their investors – have breathed sighs of relief.  The government has made it clear that there will be “no more than six casino concessions,” which all six companies...
Works Recently Cited

Works Recently Cited

My published works were recently cited in these articles: 1)  Mark A. Gottlieb, Richard A. Daynard, and Lissy C. Friedman, “Casinos: an Addiction Industry in the Mold of Tobacco and Opioid Drugs,” 2021 University of Illinois Law Review 1711 (2021). Citing...