Robin Camacho
Las Vegas Real Estate
David McKee
Stiffs & Georges
Jean Scott
Frugal Vegas
Cannery Casino Resorts (29) [RSS]
Melco Crown Entertainment (29) [RSS]
Morgans Hotel Group (32) [RSS]
Pinnacle Entertainment (60) [RSS]
Tropicana Entertainment (90) [RSS]
World Series of Poker (6) [RSS]
Illinois: No country for big casinos
JohnTerez said: What your name? , <a href="http://pdabooks.org/membe... noir wine&l... [More]
Nevada: The Stupid State
PortoM0n said: Don't go far away. , <a href="http://cool-wallpapers.ev... cool wall... [More]
They burned the Monte Carlo ... and may get away with it
JohnTerez said: Try see it. , <a href="http://smart.fm/lists/152... glass supplies</a>... [More]
Nevada: The Stupid State
PortoM0n said: Hi brothers and sisters! , <a href="http://boxesandarrows.com...... [More]
They burned the Monte Carlo ... and may get away with it
SoloJ3ss said: Great... , <a href="http://boxesandarrows.com... to make deer a... [More]
Enter your email address to subscribe to this blog.
alex yemenidjian ameristar animals architecture atlantic city australia baseball boulder strip boyd gaming california cannery casino resorts carl icahn charity cirque du soleil citycenter colony capital colorado columbia sussex cosmopolitan current detroit dining don barden donald trump downtown economy election encore entertainment environment florida fontainebleau g2e george maloof harrah's harry reid herbst gaming horseracing igt illinois indiana international internet gambling isle of capri james packer kansas kentucky labor lake tahoe laughlin lawrence ho louisiana lvcva m resort macau marketing massachusetts melco crown entertainment mesquite mgm mirage michael gaughan mississippi missouri monte carlo fire morgans hotel group movies neil bluhm ohio oscar goodman penn national pennsylvania pets phil ruffin pinnacle entertainment planet hollywood politics problem gambling regulation reno riviera sahara sheldon adelson singapore sports stanley ho station casinos steve wynn tamares group taxes technology the strip tilman fertitta tourism transportation tribal tropicana entertainment tv wall street
Posted At : February 10, 2009 01:26 PM | Posted By : D McKee
Related Categories:
MGM Mirage,Current,Wall Street
They love owning it ... but wouldn't be caught dead there.
So Goldman Sachs has pulled the chicken switch on a planned Vegas hootenanny, worrisome over bad publicity and frugality. Which is, like, totally ironic 'n shit, seeing as how Goldman Sachs owns three frigging casinos in Las Vegas (both Arizona Charlie's and the Stratosphere) and a substantial percentage of a fourth (Las Vegas Hilton). It also means that we need to say a nightly prayer for Goldman Sachs' continued financial health. But (more) seriously ...
The other kicker in the story is that Goldman Sachs wasn't going to hold its meet-down at one of its own casinos but at Mandalay Bay. I applaud their taste (MGM Mirage should keep the Bay but ditch MGM Grand, not the other way around) but deplore the implicit diss of Goldman-owned properties. What? The LVH is good enough to own but not a place where they want to be seen? And think of the "after hours" events one could hold in the Stratosphere "pod." Besides, if you want to save money, where better to hold a big event than a hotel-casino that actually belongs to you?
Way to put that mixed message out there, Goldman Sachs!
Print | 
Send to Friend | 
del.icio.us | 
Digg It! | 
Linking Blogs |
BTW, I had the exact opposite experience on a recent weekend -- MGM was dead (except for the Sigma Derby table) and MBay was hopping. It's amazing how radically different one's impression can be depending on whatever random night one happens to drop by.
One other point, I did wind up cancelling my NYNY stay, as MGM sent me a better offer, but when calling MGM to book it, while they could see my NYNY offer, I had to first call NYNY first and then call back MGM to book. Definitely not Harrah's esque from a functionality standpoint, but I do like that they've tried to keep their properties competing.