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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 : June 29, 2009 10:45 AM | Posted By : D McKee
Related Categories:
Columbia Sussex,Regulation,Downtown,Tourism,Politics,The Strip,Atlantic City,Colony Capital
After conservator Justice Gary Stein turned his trusteeship of the Tropicana Atlantic City into a $7.4 million gravy train, the New Jersey Casino Control Commission is belatedly bolting the barn door. It's going to petition the Lege to limit the ambit of future trustees, none of which would be necessary had the NJCCC not let Stein run amok in the first place.
The failings of his butterfingered stewardship have been rehearsed enough in this space. However, the Press of Atlantic City's story adds yet another incredulity-making touch. Stein, a former member of the New Jersey Supreme Court and with an entire law firm at his command, still had to rely upon legal opinions from the NJCCC's general counsel.
Lower bet limits are no bargain, the Las Vegas Sun finds. The Strip casino that has the stones to go back to 3:2 blackjack will become the hottest spot in town.
Who knew? Seems that Sen. John Ensign's curriculum vitae included a stint at the helm of the Gold Spike, one of downtown Vegas' seamiest casinos. Given the comparable seaminess of Ensign's ongoing scandal, perhaps it was a case of water seeking its own level. Las Vegas Gleaner reader "Goldy" puts the sordid mess in perspective: "... he didn't reveal the affair until the demands from the Hampton's [sic] (including Doug) became 'outragous.' [sic] That implies that prior demands were 'reasonable' and Doug was making them. ... he essentially was selling his willing wife, and Ensign was buying, until the number got too high. So, like most things, this entire deal was really just about the number." [emphasis added]
You can take Ensign out of the casino but you just can't take the casino out of Ensign.
A potential tragedy. Several weeks back, the Better Half and I spent a beautiful Sunday in Boulder City. The highlight of our visit was the Boulder Dam Hotel, where we enjoyed a splendid lunch and an eye-opening tour of a museum devoted to the history of Hoover Dam. (Suffice it to say that the people who built it endured privation that 21st century Americans would find unimaginable.) Sadly, we do not have the $60,000 that it's going to take to keep the Boulder Dam Hotel open. Please, philanthropic Nevadans, do not let this treasure go dark like ...
Nevada itself. Visitors to Gibbons-era Nevada are likely to find it closed. History? Books? Parks? Them's pansy egghead stuff fer Commie states like Kalifornia, doncha know? Gawta get me some more guns afore Harry Reid repeals the Decoration of Independence or whatever.
Speaking of museums ... could the untimely demise of Michael Jackson spell opportunity for mistake-prone Colony Capital? The casino owner has the opportunity to monetize its acquisition of Neverland Ranch as never before. Converting it to a tourist attraction rather than a (misguided?) real estate play seems a no-brainer.
I've been to many places that were busy, but had only one or two
low limit tables open. They were packed but there were
6-8 $50 min BJ tables, all empty but with idle dealers.
It never made any sense to me as a businessman.