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Illinois: No country for big casinos
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Nevada: The Stupid State
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They burned the Monte Carlo ... and may get away with it
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Nevada: The Stupid State
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They burned the Monte Carlo ... and may get away with it
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Posted At : October 24, 2008 03:52 PM | Posted By : D McKee
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Wall Street,Election,TV,Animals,MGM Mirage,Marketing,Politics,Tribal,Sheldon Adelson,The Strip,California,Harrah's
The 'B' word. Yup, somebody finally said it. Stifel Nicolaus & Co. analyst Steven Wieczynski blames The Big Sands Sell-off on fears that "Las Vegas Sands is in jeopardy of running out of cash and going bankrupt." Sands stock closed the week at a dismal $6.32 a share, 96% off its 52-week high.
The Adelson family, meanwhile, plans to turn its pockets inside out, looking for money.
Gary Jacobs is a good guy. The MGM Mirage executive veep is among the donors supporting California's Proposition 2, which would ban certain forms of cruelty to farm animals. Which earns him this animal lover's vote of thanks.
Other Nevadans are really motivated to donate to Proposition 8. Steve Friess has all the details. Having shot Nevada's economy in the leg with their opposition to gay marriage, some of the same folks may inflict similar economic damage on California. Which is their First Amendment prerogative and amen to that, but I'm not of the misery-loves-company persuasion.
Nevada's casino resorts have been cut out of on a lucrative market segment, although Harrah's Rincon has been among the California ones benefiting from Silver State prudishness, which Harrah's Entertainment has cannily leveraged into some Vegas-honeymoon promotions. If tribal sovereignty doesn't shield Harrah's Rincon and other gay-friendly casinos from Prop 8, I guess that Prop 8 donors from economically blighted Nevada can congratulate themselves on having lopped off their nose to spite their face yet again. Anyway, kudos to Harrah's execs Michael Weaver and Gwen Migita for contributing to the anti-Prop 8 campaign.
Marker for murder? Back where I come from, we call this "motive."
Time Tunnel. How drastically has the Vegas Strip changed since 1992? Follow this awesome photo stream and find out.
This just in: Made-for-cable movie about Lonnie "Ted" Binion stinks. Hey, it's a Lifetime Channel production. What else would you expect?
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