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Category Archives: Atlantic City
Lean June in Atlantic City; Respect for the riff raff
Just when it should have been booming with the summer season, Atlantic City casino revenue fell 4% — $197.5 million — although online casino revenues rose 41% (to $16 million). Resorts Digital — aka PokerStars — is still bringing up the … Continue reading
Posted in Atlantic City, Boyd Gaming, Harrah's, International, Internet gambling, Marketing, Mohegan Sun, PokerStars, Regulation, Tilman Fertitta, Tropicana Entertainment
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Poker hands across the ocean; New offer in Caesars bankruptcy
Spurning Nevada and Delaware, the state of New Jersey is exploring an online-poker compact with the United Kingdom. The deal, if consummated, would allow the two entities to share players and liquidity. “Even when you discount children and non-gamblers, it gives … Continue reading
Posted in Atlantic City, Glenn Straub, Harrah's, International, Internet gambling, Iowa, MGM Mirage, Regulation, Revel, Technology, The Strip, Transportation, Warner Gaming
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Casinos invest in Illinois slot routes; More turmoil in Adelsonia; MGM takes proxy war to Capitol Hill
After having spent four years being clobbered by slot routes (the installed slot base has reached 23,406 machines), Illinois casinos have decided they’d rather switch than fight. Investors in Rivers Casino have purchased a stake in lead operator Acel Entertainment … Continue reading
Posted in Atlantic City, Foxwoods, Glenn Straub, Illinois, MGM Mirage, Mohegan Sun, Neil Bluhm, New York, Penn National, Politics, Revel, Sheldon Adelson, Slot routes, Vietnam
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Patient, heal thyself!; Copperfield’s new crib
Seemingly taking its talking points from Gov. Chris Christie (R), the Wall Street Journal opened a can of whup-ass on Atlantic City. (It also tried to drag casino flip-flopper Hillary Clinton into the argument but that was too much of … Continue reading
Posted in Architecture, Arizona, Atlantic City, Donald Trump, Economy, Regulation, Taxes, Technology
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Trump’s tribal treachery
As the press continues to dig into Donald Trump‘s past, it’s uncovering activity that is vile even by Trump’s debased standards. Such is the case in his race-baiting campaign against the casino application of the St. Regis Mohawks. Not man … Continue reading
Battling along the Boardwalk; Supreme Court gives tribes the brush-off
While the previous record for an Atlantic City casino strike is 34 days, the showdown at Trump Taj Mahal looks like it will go the distance. Neither Local 54 of Unite-Here nor Carl Icahn shows any signs of backing down … Continue reading
Quote of the Day
“Hundreds of dead mice were found in the kitchen of this building! If you like mice and roaches, stay at the Taj Mahal!” — Unite-Here Local 54 Organizing Director Benjamin Albert taunting customers — and citing Atlantic City Health Department statistics … Continue reading
Strike at the Taj; Macao half-full or half-empty?
While Tropicana Entertainment managed to stave off at the very last minute a strike at its eponymous Atlantic City casino, Trump Taj Mahal was not so fortunate. In a 99% predictable outcome, roughly 1,000 Taj workers walked off their jobs … Continue reading
Donald Trump, stiff; Partial labor peace in Atlantic City
One of the benefits of Donald Trump‘s current ubiquity is that it has belatedly spurred the press into debunking the myth that he was a successful casino operator in Atlantic City. A particularly damning Associated Press story connects the dots … Continue reading
Posted in Atlantic City, Boyd Gaming, Donald Trump, Galaxy Entertainment, Glenn Straub, Harrah's, Macau, Melco Crown Entertainment, Mohegan Sun, Regulation, Revel, Steve Wynn, Tilman Fertitta, Tourism, Tropicana Entertainment, Unite-Here
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Can Atlantic City withstand a strike?; Cosmo gets a complete makeover
While Atlantic City waits to see how long it takes Glenn Straub to get Revel reopened (we’re now at D-Day Plus Twelve and counting), Local 54 of Unite-Here is girding itself for a strike. It’s amassed a war chest and … Continue reading
Posted in Atlantic City, Cosmopolitan, Dining, Economy, Entertainment, The Strip, Unite-Here
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Quote of the Day
“You have to give people an experience that makes them want to come back, and non-gambling amenities are a big part of that. Competition being what it is, we’re going to give people a reason to come back here and … Continue reading
Posted in Atlantic City, Marketing, Tropicana Entertainment
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Doing it the right way
In keeping with the aphorism that history repeats itself, first as tragedy, then as farce, Glenn Straub‘s fire-aim-ready attempt to reopen Revel continues to drag on, providing an object lesson in how not to open a casino. As though to … Continue reading
Revel … still not open; Cautious hope for Internet gambling in Pennsylvania
Glenn Straub‘s once-bold gambit to reopen Revel has turned into an embarrassing face-plant. Perhaps rushing to market in hopes of beating Bart Blatstein‘s Showboat to the hotel traffic, Straub announced a hasty revival of Revel as a casino-hotel without … Continue reading
Little relief for Caesars; Atlantic City braces for labor strife
It’s out of the frying pan and straight into the fire for Caesars Entertainment. Federal bankruptcy court has put a temporary halt on litigation against the casino giant, giving it until Aug. 29 to cut a new deal with bondholders. … Continue reading
Posted in Atlantic City, Boyd Gaming, Carl Icahn, Donald Trump, Eldorado Resorts, Geoff Freeman, Harrah's, Illinois, Pennsylvania, Pinnacle Entertainment, Politics, Slot routes, Sports, Taxes, The Mob, The Strip, Tropicana Entertainment, Trump Entertainment Resorts, Unite-Here
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Atlantic City goes to pot; MGM, Boyd, Pinnacle, Red Rock Resorts meet The Street
We’ve come a long way from the days of Reefer Madness. Latest case in point: Atlantic City, where Assemblyman Reed Gusciora (D) is pushing recreational “tea” as a cure to the city’s penurious condition. Weed would be legalized on the Boardwalk and … Continue reading
Posted in Atlantic City, Boulder Strip, Boyd Gaming, Cannery Casino Resorts, CityCenter, Economy, Georgia, Glenn Straub, Harrah's, Illinois, Indiana, Internet gambling, Macau, Marketing, Maryland, MGM Mirage, Mississippi, Missouri, Palms, Pinnacle Entertainment, Politics, Reno, Scientific Games, Station Casinos, The Strip, Wall Street
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The perils of Packer; Straub misses deadline
There’s been another hiccup in the Alon saga, as billionaire James Packer is restructuring his Crown Resorts portfolio “to shield his Australian assets from a prolonged downturn in the Chinese gambling hub” of Macao, according to Bloomberg. Packer’s share of … Continue reading
Posted in Atlantic City, Australia, Glenn Straub, International, Internet gambling, James Packer, Law enforcement, Massachusetts, Melco Crown Entertainment, Penn National, Revel
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NHL picks Las Vegas; Borgata carries Atlantic City
It’s not been officially confirmed and it’s not a final decision, but The Associated Press is reporting that the NHL‘s executive committee has chosen Las Vegas businessman Bill Foley‘s proposal to create an expansion franchise in Sin City. In a … Continue reading
Penn has big plans for Trop; DFS sites feel the heat
High rollers aren’t spending as much as they used to at Penn National Gaming casinos, reports JP Morgan analyst Joseph Greff, after meeting with CEO Tim Wilmott. Overall, Penn says its springtime revenues have been tracking with its expectations. Greff … Continue reading
Trump: How to make out like a bandit; Big plans for Station
To give the devil his due, if you visit Trump Taj Mahal and are dismayed because “carpets are frayed and dust-coated chandeliers dangle above the few customers there to play the penny slot machines,” you are not entirely witnessing the … Continue reading
Straub forges ahead; Caesars bankruptcy stymied
Glenn Straub still doesn’t have a new name for Revel but that’s not stopping him from reopening the casino — and on schedule, too. He expects to have 40% of the casino floor operational within a week. Straub will reopen … Continue reading
Posted in Atlantic City, Boyd Gaming, Dining, Entertainment, Glenn Straub, Harrah's, Marketing, Maryland, MGM Mirage, Regulation, Revel, The Strip, Unite-Here
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