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Category Archives: Australia
Australia: New promised land?
As Chinese visitation grew 36% in the last year alone, accounting for $7.75 billion dollars of economic impact, Australia is plunging full speed ahead into the race to be the next big gaming thing in the Pacific Rim. Hong Kong … Continue reading
Posted in Arkansas, Australia, James Packer, Massachusetts, Sheldon Adelson, Singapore, Tourism, Tribal
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Vive la difference; Early ‘Net bets from Jersey; 99 years or bust
Since before its opening, The Cosmopolitan of Las Vegas has marketed itself to “the curious class,” and you’ll certainly be intrigued — and perhaps a bit befuddled — by its newest ad, which seems to be promoting a new brand … Continue reading
Newton’s ship sinks; A land (of plenty) Down Under
Bad things have a way of happening to Wayne Newton‘s property. Most recently, his yacht sank at its Lake Mead berth. This inspired the Las Vegas Review-Journal to lead its story with, “Mr. Las Vegas’ yacht sleeps with the fishes.” … Continue reading
Posted in Australia, James Packer, Tourism, Wayne F. Newton
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Somebody Sent Us These II
Continuing a very occasional series, here are some casino-related ephemera that have washed up on the shores of cyberspace. For instance … … only about 25% of the rooms at the newly announced Gansevoort Las Vegas will enjoy this particular … Continue reading
Posted in Architecture, Australia, Boyd Gaming, Current, Dining, Economy, Genting, Harrah's, International, MGM Mirage, Regulation, Sheldon Adelson, Steve Wynn, The Strip
1 Comment
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
He shoots, he scores!; Zynga zinged; Hill puts leg before wicket
Monday’s interview with Interblock global sales supremo Tom O’Brien (right) yielded some passing observations that are probably too peripheral for my upcoming Casino Life piece … but perfect for S&G. Interblock maintains field offices in Las Vegas (soon to become … Continue reading
Posted in Australia, Boyd Gaming, Current, Election, Genting, IGT, International, Internet gambling, James Packer, Macau, Regulation, Singapore, Technology, TV
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Gomes alone; Mohegan Sun pink-slip-slidin’ away
Former Resorts Atlantic City underboss Aaron Gomes might want to change his travel plans. Scarcely had he announced his departure from his late father’s casino than his new gig, Sydney‘s troubled Star Casino, looks very doubtful. Gomes had planned to … Continue reading
Posted in Atlantic City, Australia, Boyd Gaming, Carl Icahn, Columbia Sussex, Current, Dennis Gomes, Economy, Genting, Marketing, Massachusetts, New York, Racinos, Regulation, Tourism, Tribal, Tropicana Entertainment
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Atlantic City: Revenues up, Seminoles out, Mohegans in
Stick a fork in the Dennis Gomes legacy at Resorts Atlantic City. Son Aaron Gomes is not only leaving but going halfway around the globe, to team up with former Borgata exec Larry Mullin and reboot Jupiters Gold Coast Casino, … Continue reading
Packer packs it in; Lights out at Resorts A.C.
James Packer‘s had enough of the U.S. casino market. While not definitively ruling out a return to the American gaming industry, the minority owner of Cannery Casino Resorts makes it clear that he’s neither the stomach nor the lucre for … Continue reading
New dealer at Shufflemaster
After a long CEO search that threatened never to end, Shufflemaster has found its man. And it’s not just anybody rather, but Gavin Isaacs … most recently the president COO of Bally Technologies since 2006, during which time he helped … Continue reading
Posted in Australia, Bally Technologies, Current, Shuffle Master, Technology
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Reid wusses out; Sucker bets, Sheldon & strippers
UIGEA repeal? Forget about it. Sen. Harry Reid (D-NV) has chickened out again. Pressed on the issue, he said he’d support the legalization of online poker but faintheartedly drew the line there. That still wasn’t good enough for some independent … Continue reading
Posted in Australia, CityCenter, Current, Dubai, Election, Entertainment, Harrah's, Harry Reid, International, Internet gambling, James Packer, Macau, Marketing, MGM Mirage, Morgans Hotel Group, Politics, Regulation, Reno, Sheldon Adelson, Steve Wynn, The Strip, Tourism, Wall Street, World Series of Poker
3 Comments
The Summer of Love(man)
It may be hard to believe in retrospect, but at the time of Harrah’s Entertainment‘s LBO, some analysts thought it would be partly amortized by selling off the company’s regional properties. That prompted me to write something to the effect … Continue reading
Posted in Atlantic City, Australia, Current, Detroit, Dining, Economy, Entertainment, Harrah's, history, Horseracing, Kansas, Marketing, Ohio, Racinos, Regulation, Station Casinos, Taxes, Tourism, Tribal, Wall Street
2 Comments
Case Bets: The Wayner, G2E, Packer & Kerzner
Say what you like about Wayne Newton‘s Once Before I Go at the Tropicana Las Vegas, it has the biggest band you’ll see on the Strip: 20 strong, plus backup singers. Most Strip headliners have to make do with one-third … Continue reading
Posted in Alex Yemenidjian, Atlantic City, Australia, Carl Icahn, Current, Donald Trump, Economy, Entertainment, G2E, Genting, International, James Packer, Massachusetts, New York, Pennsylvania, Planet Hollywood, Problem gambling, Racinos, Sheldon Adelson, Singapore, Tribal, Tropicana Entertainment
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Quote of the Day
“It’s a bit disappointing to see that after months of work they come up with a new strategy which is a bit like the old strategy.” — Fortis Investment Partners fund manager Theo Maas on Aristocrat Leisure, which continues to … Continue reading
Posted in Australia, Technology
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Adelson bombing in Pennsylvania; RoboPoker returns; Dissent over Wynn
Both the opening of Sands Bethlehem, and recent expansions of Meadows Racetrack & Casino (+29%) and Mohegan Sun at Pocono Downs (+21%) drove an 18.5% increase in slot revenue this July. With $19.6 million in gross revenue, Sands was only … Continue reading
Posted in Australia, Cannery Casino Resorts, Harrah's, Macau, Pennsylvania, Reno, Sheldon Adelson, Steve Wynn, Technology, Tribal, Wall Street
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Packer steps in it again
After frequent demurrals, the Victoria government has ‘fessed up that it was on the receiving end of ham-fisted lobbying by Crown Casino owner James Packer. A delicate quid pro quo (higher taxes in return for more table games) was being … Continue reading
Posted in Australia, Economy, James Packer, Lawrence Ho, Macau, Melco Crown Entertainment, Problem gambling, Regulation, Sheldon Adelson
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Moulin Rouge: Whoops!
The Moulin Rouge development that will never be. Oh dear, oh dear. Seems like the City of Las Vegas unwittingly obstructed its own arson probe into the demise of the Moulin Rouge when it allowed the property to be immediately … Continue reading
Posted in Animals, Architecture, Australia, Current, Downtown, Fontainebleau, International, James Packer, Lawrence Ho, Macau, Melco Crown Entertainment, Pets, Sheldon Adelson, Steve Wynn, The Strip, Wall Street
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Stormy weather
It may be monsoon season in Las Vegas but there’s a typhoon blowing through Macao‘s casino economy. A series of bulletins from J.P. Morgan outline a worrisome trajectory for China‘s gambling enclave. City of Dreams: a flop June 23: The … Continue reading
Posted in Australia, Economy, James Packer, Lawrence Ho, Macau, Melco Crown Entertainment, Regulation, Sheldon Adelson, Stanley Ho, Steve Wynn, The Strip, Tourism, Transportation
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Case Bets: California, Packer pickle, Macao pix, Holy Cow!, Singapore, RoboPoker, etc.
Editor’s note: An item involving Crown Ltd. contained factual errors, which have been corrected (as you’ll see). I apologize for the misinformation. My thanks to the reader who pulled my head out of my @$$. California gamblers stay and play … Continue reading
Posted in Atlantic City, Australia, California, Columbia Sussex, Current, Economy, Entertainment, G2E, Genting, Harrah's, Holy Cow, International, Lake Tahoe, Laughlin, Louisiana, Macau, New York, Penn National, Phil Ruffin, Problem gambling, Regulation, Sheldon Adelson, Singapore, Technology, The Strip, Tribal, Tropicana Entertainment
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Packer gets a discount; solving the I-15 problem
Though it can't seem to settle on a dollar figure for James Packer's renegotiated Cannery Casino Resorts purchase, this story makes one salient point: A $1.7 billion-plus acquisition could be converted into a 25% stake for $370 million-$390 million. That … Continue reading
Posted in Australia, California, Cannery Casino Resorts, James Packer, Technology
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