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Category Archives: Boyd Gaming
R.I.P., House of Lords; Boyd’s best asset; Poll party
My missus and I were going to make a farewell visit to the Sahara‘s charming fine-dining spot on Sunday. However, our reservation has been canceled because House of Lords will be closing a day early. The reason? They’re running out … Continue reading
Goett … Goett … gone
In addition to his core site of 100 acres across from M Resort, would-be Olympia Gaming mogul Gary Goett is also shopping around an additional 260 gaming-enabled acres directly to the north. Goett’s asking price? A cool million an acre, … Continue reading
Has Illinois finally bottomed out? Trop shakeup; Big markdown on Trump
Sorry to disappoint, but we won’t have the answer until June–August, three straight months with the same number of weekend days as last year. By that point we’ll know whether April‘s 2% increase was the beginning of a trend. Last … Continue reading
Posted in Atlantic City, Boyd Gaming, Carl Icahn, Colony Capital, Columbia Sussex, Current, Donald Trump, Economy, Entertainment, Environment, George Maloof, Harrah's, Illinois, Indiana, Maryland, MGM Mirage, Missouri, Penn National, Phil Ruffin, Steve Wynn, The Strip, Tropicana Entertainment
3 Comments
California bound; M changes hands and style
Yes, MGM Resorts International, Boyd Gaming, Las Vegas Sands, the great state of Illinois and I don’t know who all else have been reporting revenues this week, and Mississippi is under water.. And I’ve not had time to cover any … Continue reading
Posted in Animals, Architecture, Boyd Gaming, California, Current, Dining, Environment, Illinois, M Resort, MGM Mirage, Mississippi, Movies, Penn National, Pets, Steve Wynn, Transportation, Wall Street
2 Comments
Boyd exits Florida; Mixed messages from the Riv; The revenge of Adelson
Regardless of whether or not resort casinos are voted into law in Florida, one company that won’t be in the running is Boyd Gaming. The firm threw in the towel on the Miami market today. The Sunshine State “no longer … Continue reading
Posted in Boyd Gaming, Colony Capital, Current, Donald Trump, Economy, Entertainment, Florida, Genting, Harrah's, Isle of Capri, M Resort, Macau, Marketing, MGM Mirage, Penn National, Politics, Regulation, Riviera, Sahara, Sheldon Adelson, Singapore, Station Casinos, Steve Wynn, Technology, The Strip, Wall Street
1 Comment
Quote of the Day
“When Boyd [Gaming] stopped work on Echelon, everyone thought they were crazy. Now it looks like genius.” — executive from a rival Las Vegas Strip casino operator, overheard at a media event in Town Square recently.
Posted in Boyd Gaming, Current, Economy, The Strip
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Losee Station bites the dust
We’re just past two years to the day when S&G predicted, “Good luck finding any takers” at $39.5 million for the old Castaways site. Even now, at a priced-to-move $8.3 million ($414K/acre), it’s not budging. The site’s threefold curse is, … Continue reading
Posted in Boulder Strip, Boyd Gaming, Current, Economy, Gary Goett, Station Casinos, Wall Street
2 Comments
Not priced to move; The end of Southern Highlands
Recently I was asked about the future of the Key Largo Casino, long defunct — a casualty of last decade’s condo craze. The photo above is some handiwork of Colliers International and I’ve borrowed it to illustrate the excellent geographical … Continue reading
Meet $2 Million Mike; The Big Easier
Casino podcasts (MGM Resorts International‘s in particular) have been razzed in the past for a lack of content. No such gripes about Las Vegas Sands‘ latest offering, 10 minutes in the company of COO Michael Leven (who derives his nickname … Continue reading
Why is this man smiling? (And other Case Bets)
Because Sen. Harry Reid‘s decision not to importune lenders on behalf of Fontainebleau (unlike CityCenter) means he steered clear of a widening circle of litigation and recrimination, that’s why. Among those in the hot seat are hapless James Packer and … Continue reading
The North Strip Story and Salvation Plan
Guest blogger Jeff in OKC returns, his previous dispatch on Downtown’s Western Casino having proven a smash hit; its fans included Western manager Anthony Santo himself. During his latest visit, he concentrated upon the north end of the Las Vegas … Continue reading
Salvation for Illinois? “Golden Boys” strike again
According to lobbyists for MGM Resorts International‘s Grand Victoria riverboat, the smoking ban in Illinois has stove in casino revenues by 33%. Statewide, the average is -28% since 2008 — costing the state no small amount of tax monies — … Continue reading
Posted in Boyd Gaming, Current, Economy, Florida, Harrah's, Illinois, Indiana, Internet gambling, MGM Mirage, Politics, Regulation, Sports, Station Casinos, Taxes, Tilman Fertitta, TV
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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
What makes Sammy run?
Scarcely was the ink dry on Sahara owner Sammy “The Naz” Nazarian‘s announcement of the property’s May 16 closure than rumors began to fly about his endgame for the old gal. At S&G, we’re pretty certain that “The Naz” (™ … Continue reading
Posted in Alex Yemenidjian, Boyd Gaming, California, Carl Icahn, CityCenter, Colony Capital, Columbia Sussex, Cosmopolitan, Current, Economy, Fontainebleau, Herbst Gaming, M Resort, Marketing, MGM Mirage, Penn National, Regulation, Riviera, Sahara, Sheldon Adelson, Tamares Group, The Strip, Tourism, Tropicana Entertainment, TV, Wall Street
9 Comments
R.I.P., Sahara (1952-2011)
Once the Riviera changed hands, the Strip casino for whom mortality seemed most imminent became the Sahara. The ‘death by a thousand cuts’ regime of nightclub impresario and absentee owner Sam Nazarian bled the place to the extent that there … Continue reading
Posted in Boyd Gaming, CityCenter, Colony Capital, Columbia Sussex, Current, Dining, Economy, Entertainment, Fontainebleau, Goldman Sachs, history, International, James Packer, Macau, Marketing, MGM Mirage, Morgans Hotel Group, Pansy Ho, Plaza, Regulation, Riviera, Sahara, Stanley Ho, Station Casinos, The Strip, Tourism, Transportation, TV, Wall Street
10 Comments
Good news from an unexpected source
Atlantic City hit the big 3-0 in February: 30 straight months on revenue declivity, says J.P. Morgan (31, according to Wells Fargo). However, the rate of decline (1.4%) was the smallest since April of last year. With Genting Bhd‘s racino … Continue reading
Boyd: The rest of the story
There’s a bit of scuttlebutt going around about Boyd Gaming retracting coupon offers. To wit, from the S&G mailbag: “There’s this story going around, Suncoast/Boyd advertised in the [Las Vegas Review-Journal], and gave 10x points coupons for every Wednesday in … Continue reading
Posted in Boyd Gaming, Current, Downtown, Lake Tahoe, Politics, Sheldon Adelson, Stanley Ho, TV
5 Comments
HRH: When the Scheetz hit the fan
Thanks to the S&G reader who provided me with that ready-made headline. Yes, Morgans Hotel Group has closed the book on Scheetz’s Folly, the $770 million purchase of the Hard Rock Hotel & Casino. The Sun‘s Liz Benston lays out … Continue reading