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- Atlantic City rebounds; Sibella dumped; NFL suspicions
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- Ray Lebowski on Sibella scandal spreads; Supremes forestall Seminoles
- David McKee on Sibella scandal spreads; Supremes forestall Seminoles
- Ray Lebowski on Sibella scandal spreads; Supremes forestall Seminoles
- David McKee on MGM crippled; Illinois & Indiana report; Bally’s shaky in Chi
- Paul Shanahan on MGM crippled; Illinois & Indiana report; Bally’s shaky in Chi
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Category Archives: Atlantic City
November in Vegas: The house lost; Players jilt Caesars in A.C.
There’s no other way of saying it (although many are trying). Strip casinos got their clocks cleaned in November as Lady Luck favored the punters, not the house. A 13% dropoff on the Strip was driven by a perfect storm … Continue reading
Pinnacle makes pricey Atlantic City exit; Fertitta’s Downtown mess
A Wall Street Journal story from yesterday evening reports that Pinnacle Entertainment has found a buyer for its 19 acres of Boardwalk land. These were cobbled together at huge cost — $270 million or $14 million an acre — by … Continue reading
Revel: Slow learning curve ahead; Sheldon spanked in Singapore
By the time Revel CEO Kevin DeSanctis realizes he’s made a mistake, he’s almost always past the point of no return. Although it is my deeply rooted opinion that smoking is a noxious, disgusting habit that invades other people’s space, … Continue reading
Posted in Atlantic City, Cordish Co., Current, Economy, Environment, Genting, International, Maine, Marketing, Maryland, Penn National, Problem gambling, Racinos, Regulation, Revel, Sheldon Adelson, Singapore, Wall Street
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Exit Fahrenkopf, enter … ?
After a long (17 years) and eventful tenure at the top of the American Gaming Association, President Frank J. Fahrenkopf is calling it a day. On June 30, he hands over the reins to a successor as yet to be … Continue reading
Posted in Atlantic City, Australia, Boyd Gaming, Current, Florida, G2E, Internet gambling, Mississippi, Pennsylvania, Politics, Sheldon Adelson, Tribal
2 Comments
Blood on the Boardwalk: Marrandino out
You can practically hear the wind whistling through the corridors of power as top execs continue to jump — or are flung — from the sinking Caesars Entertainment ship. First, CFO Jonathan Halkyard up and quits, in favor of the … Continue reading
Posted in Atlantic City, CityCenter, Current, Florida, Harrah's, Maryland, Massachusetts, MGM Mirage, Regulation, Revel, The Strip
7 Comments
Pinnacle punks Penn, swipes Ameristar
We’ve learned two important things today. One, that the Mayan calendar is not the most reliable predictor of events. Two, that Ameristar Casinos‘ on-again/off-again talk about putting itself up for sale was back in “on” mode. Before hardly anybody got … Continue reading
Posted in Ameristar, Atlantic City, Boyd Gaming, Columbia Sussex, Cordish Co., Current, Dan Lee, Economy, Election, Goldman Sachs, Harrah's, Indiana, Iowa, Kansas, Louisiana, Maryland, Massachusetts, MGM Mirage, Mississippi, Missouri, Penn National, Pennsylvania, Pinnacle Entertainment, Politics, Racinos, Regulation, Sheldon Adelson, Steve Wynn, Taxes, Texas, Wall Street
1 Comment
Blackout at the Plaza
S&G has learned — and LVA staffers have confirmed — that all main-stage shows at Tamares Group‘s flagship Plaza Hotel have gone dark until further notice. A promotional appearance by Best Little Whorehouse in Texas cast members at South Point, … Continue reading
Wynn comes (back) to Massachusetts; Revel’s rattling tin cup
Despite several months of doom-and-gloom economic predictions from Steve Wynn, the mogul has decided to “buy American” again, not only returning to the site of previous skirmishes (Philadelphia) but also taking a second run at Massachusetts. S&G was no fan … Continue reading
Posted in Ameristar, Atlantic City, Cannery Casino Resorts, Current, Economy, Election, Environment, Harrah's, Marketing, Massachusetts, Neil Bluhm, Pennsylvania, Politics, Racinos, Regulation, Revel, Steve Wynn, Tourism, Tribal, Wall Street
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Louisiana be crazy; Maryland: If you can’t beat ’em …; Revel on the ropes
Casino revenues in the Pelican State were up 2% last month, entirely upon the strength of Pinnacle Entertainment‘s L’Auberge Baton Rouge (above). It propelled the Baton Rouge market 58% upward, grossing $11 million at the expense of Argosy Baton Rouge … Continue reading
Posted in Atlantic City, Boyd Gaming, CityCenter, Cordish Co., Current, Economy, Election, Harrah's, Iowa, Louisiana, Maryland, Penn National, Pinnacle Entertainment, Racinos, Revel, Taxes, Wall Street
4 Comments
Missouri: Penn vs. Penn; Pinnacle debacle deepens
This just in: It’s another winning strategy from those gaming-industry masterminds at Colony Capital. God forbid you’re playing at the Atlantic Club and work up an appetite. Or did Tom Barrack hear about “Stiff of the Year” and wants to … Continue reading
Posted in Ameristar, Atlantic City, Colony Capital, Colorado, Dining, Economy, Election, Genting, Harrah's, Illinois, International, Isle of Capri, Kansas, Marketing, Maryland, Missouri, Movies, Penn National, Pinnacle Entertainment, Regulation, Sheldon Adelson, Singapore, The Strip, Tourism, Wall Street
2 Comments
Un-Lucky by any name; Shame on Trump Entertainment
Since there is no problem in today’s America too trivial to be resolved with gunplay, let the record show that 31-year-old Kevin Jones Jr. was mortally wounded at the Lucky Club Casino early this morning. Jones was pronounced dead at … Continue reading
Posted in Atlantic City, Current, Donald Trump, Economy, Environment, MTR Gaming, North Las Vegas, Regulation, Steve Wynn
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Wynn comes to Philadelphia … again; Atlantic City: About as expected
Now we know why Steve Wynn was careful to mend fences with Philadelphia Mayor Michael Nutter (below) in 2010 when negotiations to take over the doomed Foxwoods Casino Philadelphia project abruptly feel apart and Wynn skipped town. He’s back with … Continue reading
Posted in Atlantic City, Baseball, Colony Capital, Cordish Co., Current, Donald Trump, Economy, Harrah's, Maryland, Neil Bluhm, Penn National, Pennsylvania, Politics, Regulation, Revel, Steve Wynn, Tilman Fertitta, Tribal, Tropicana Entertainment, Wall Street
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Wake up with Loveman; More election aftermath
No sooner were Wall Street analysts uttering serious concerns about a slow post-Sandy recovery for Atlantic City than who should pop up on CBS This Morning but Caesars Entertainment CEO Gary Loveman, doing damage control … It’s hard to decide … Continue reading
Posted in Atlantic City, Boyd Gaming, Current, Dan Gilbert, Donald Trump, Economy, Environment, Harrah's, Internet gambling, Kentucky, Massachusetts, Pennsylvania, Politics, Regulation, Sheldon Adelson, Steve Wynn, The Strip, Tilman Fertitta, Tourism, Transportation, TV, Wall Street
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Election wrap-up: Winners & losers
But first, because it will never, ever get old … Also this, from @daveweigel: “[Florida] exit poll: Obama winning Jewish vote by 40 points. 40 points. Nice work, Sheldon Adelson.” We’ll tap dance on Sheldon’s head some more further down, … Continue reading
Posted in Atlantic City, Colony Capital, Colorado, Cordish Co., Cretins, Current, Donald Trump, Economy, Election, Florida, Goldman Sachs, Harrah's, International, Internet gambling, Maine, Marketing, Maryland, Massachusetts, Minnesota, Pennsylvania, Politics, Racinos, Sheldon Adelson, Shuffle Master, Steve Wynn, Tribal, TV, Wall Street, West Virginia
4 Comments
Atlantic City open for business
Actually, a few hardy souls — like fearless restaurateur Montgomery Dahm, who was semper fidelis to his fellow citizens — never closed. Add Tun Tavern to your list of must-see stops when you visit Atlantic City. Ditto Ducktown Tavern & … Continue reading
Third-quarter blahs: Ameristar, Boyd, MGM; Crackdown in Alabama
While nobody quite matched the $221 million loss posted by Caesars Entertainment, the gaming industry didn’t lack for underachievers in 3Q12, thanks largely to softness in domestic casino markets. Ameristar Casinos reported a $16 million profit, despite a 2% revenue … Continue reading
Posted in Alabama, Ameristar, Atlantic City, Boyd Gaming, CityCenter, Colorado, Current, Detroit, Downtown, Environment, Harrah's, Hawaii, Illinois, Iowa, Kansas, Louisiana, Macau, Marketing, Massachusetts, MGM Mirage, Mississippi, Missouri, Ohio, Penn National, Steve Wynn, The Strip
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No-win situation; October surprise
You might say Mitt Romney was for gambling before he was against it. Both as a 1994 Senate candidate and later as governor, he advocated slot parlors and later VLTs in Massachusetts. (He also proposed to extort $75 million apiece … Continue reading
Posted in Atlantic City, Cantor Gaming, Current, Election, Harrah's, International, Massachusetts, Regulation, Taxes, Tourism, Tribal, Wall Street
1 Comment
Hurricane Sandy: “It’s going to take years to recover”; ‘Unsafe sex’ at Sands
A natural disaster on the East Coast is fast becoming an industry-wide problem, its effects felt as far afield as Iowa, I kid you not. In light of the total havoc Hurricane Sandy has wrought upon travel, particularly by air, … Continue reading
Zynga counterattacks; Fail, Caesar; Adelson honored
If the Stalin organs of the Zynga PR battery had fallen silent, it was only to reload. As predicted yesterday, Zynga is regrouping around Internet gambling as its new strategy of choice. Zynga unleashed “announced an exclusive partnership [with Bwin.party] … Continue reading