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Category Archives: Cannery Casino Resorts
A note of thanks; Going … going … Gore
As many of you know, Mount Charleston, on the distant outskirts of Las Vegas, is being consumed by a huge forest fire. Not only has the blaze threatened Siegel Group‘s Mount Charleston Lodge, it’s also displaced some of the many … Continue reading
Happy days: Here again?; DIY Vdara Death Ray
America‘s casino officially emerged from the doldrums with the release of the American Gaming Association‘s yearly survey, showing a 5% increase in private-sector casino revenue, just $200 million shy of 2007’s record amount. Mind you, we have quite a few … 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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Quote of the Day
“We’re in the business of providing entertainment. We make a profit. If something manipulates that in an ill-begotten way, that’s not fair.” — The Meadows General Manager Sean Sullivan, whining about card counters. Casinos in Pennsylvania and Ohio are actually … Continue reading
Posted in Cannery Casino Resorts, Ohio, Pennsylvania, Regulation
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Penn and Pennsylvania; Trop’s big screwup; Louisiana’s big month
A racetrack isn’t something you just pick up and relocate. However, Penn National Gaming has been given the go-ahead by the State of Ohio to “move” its Beulah Park and Raceway Park to, respectively, Youngstown and Dayton. They are presently … Continue reading
Pennsylvania gives thanks; Aqueduct, superstar
This has been a terrible fortnight for S&G but, hey, we’ve got some good news from Pennsylvania. Last month’s gambling revenues were reported this morning and they’re up 12%, thanks mostly to the growing popularity of table games. (Atlantic City, … Continue reading
Big ‘boing’ in Pennsylvania; Labor strife in Detroit
Casino revenues last month in Pennsylvania must have been riding a pogo stick — up 13% from last year. That includes a 39% moonshot in table revenues. Leaders include Sands Bethlehem (22%, right), while Penn National‘s eponymous racino must be … Continue reading
Posted in Cannery Casino Resorts, Current, Detroit, Economy, Genting, Harrah's, Indiana, International, Louisiana, MGM Mirage, Neil Bluhm, New York, Ohio, Penn National, Pennsylvania, Pinnacle Entertainment, Racinos, Sheldon Adelson, Sports, Taxes
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Gaming is on the march
Add Kentucky to the states that have casino-style gambling, at least temporarily. Owners of Kentucky Downs found a loophole in Bluegrass State law and galloped through it. “Instant Racing” is the sort of VLT game you might find at a … Continue reading
Wanna get away from it all? Try Rampart!
Just how dead is Rampart Casino, formerly known as — among other things — The Resort at Summerlin, the big-budget folly that finished Swiss Casinos‘ attempt to become a major Vegas player? Well, when Chicago commodities broker-turned-fugitive Arthur Jones wanted … Continue reading
Posted in Cannery Casino Resorts, CityCenter, Current, Illinois, MGM Mirage, The Mob, The Strip
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Sands: Pump up the volume; Nevada’s new casino tax; Cannery’s secret weapon
As in “VIP volume.” That’s what Las Vegas Sands has to do in order to monetize some of its Macao assets, according to a J.P. Morgan report that appeared this morning. In the course of meeting with Sands honchos, Joseph … Continue reading
Kasich screws casinos; Adelson screws the pooch
Our next-to-worst fears for Ohio have come to pass: Caesars Rock Ohio has temporarily pulled the plug on both its Cincinnati (above) and Cleveland casinos. It’s the latest escalation in a war between developers and state government, which wants to … Continue reading
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
Blockbuster month in Pennsylvania; Resurgence in Atlantic City; Douchebag of the Decade
You want good news? We’ve got your good news right here: Casino revenues in Pennsylvania rocketed 24% last month. (35% if you include SugarHouse but that’s an apples-to-oranges metric.) Since, on a same-store basis, slot winnings were just slightly down, … Continue reading
From the mailbag
Today’s “Question of the Day” about the future of the Sahara Hotel & Casino‘s monorail stop (and, by extension, the future of the Las Vegas Monorail itself) provoked a long and thoughtful response from an S&G reader. (By the way, … Continue reading
Posted in Alex Yemenidjian, Arizona, California, Cannery Casino Resorts, Current, Downtown, Pennsylvania, Racinos, Sahara, The Strip, Tourism, Transportation
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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
Warm February in Philly; “Lion King” hungry
After a pretty lackluster January, gaming revenues in Pennsylvania bounced back at the slots. The statewide February average was a 10% increase year/year, with Sands Bethlehem right on that button ($22 million) and Harrah’s Chester Downs down 2% ($24 million). … Continue reading
Murren: I heart CityCenter; Wynn: I heart China; Angle: I heart Latinos … plus Boyd’s new fragrance
MGM Resorts International and old ball and chain Dubai World have consummated a deal to extend $1.8 billion in CityCenter loans, a reworking that MGM CEO Jim Murren calls “a capital structure that’s much more … in keeping with a … Continue reading
Eastside Cannery, muse
The neon-bathed casino on the Boulder Strip seems to have quite an inspirational effect on artists, as seen in the music video above. “ECan” has also impelled a poem from the pen of local playwright and author Ernie Curcio, who … Continue reading
Posted in Architecture, Boulder Strip, Cannery Casino Resorts, Entertainment, history
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Early returns are in
Not electionwise but with regard to Penn National Gaming‘s racino in Charles Town, W.V., and its Hollywood Casino in Pennsylvania. The introduction of table games is buoying revenues nicely. The overall result in especially impressive in Charles Town. Not only … Continue reading
Posted in Cannery Casino Resorts, Current, Harrah's, Neil Bluhm, Penn National, Pennsylvania, Racinos, Sheldon Adelson, Tribal, West Virginia
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