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Category Archives: Carl Icahn
The wrath of PokerStars; Hart’s win; NV Internet poker: Too soon to tell?
That “thud” you just heard was the price of an Atlantic City casino hitting its lowest level ever. In litigation filed against Colony Capital, spurned buyer Rational Group said it was to have paid only $15 million for the Atlantic … Continue reading
I-cahnned! River Palms sold; PokerStars out of A.C., Langford out to lunch
Subtract one casino from the Tropicana Entertainment portfolio: The River Palms Resort & Casino, in Laughlin, just went for $7 million today. TropEnt CEO Anthony Rodio isn’t pulling out of the Colorado River market altogether. He says the company will … Continue reading
Icahn nixes Trump deal; Steve Wynn’s fugitive friend
If Carl Icahn holds the note on your life, you are in a world of hurt, my friend. Just ask Trump Entertainment Resorts, whose $20 million sale of wretchedly performing Trump Plaza Hotel & Casino suddenly looks very shaky. What’s … Continue reading
Revel: Don’t cry for him, Argentina; Are Twinkies the new Caesars?
Revel Atlantic City‘s day of deliverance is at hand: CEO Kevin DeSanctis has been ousted, along with Chief Investment Officer Michael Garrity. But there’s no need to shed tears over their fate. They will continue “developing amenity projects” for Revel … Continue reading
Resorts World LV: Look familiar?
A reader in Arizona asks the question that was on my mind yesterday and probably yours, too: “Is it just me … or does this look like just a copper/gold-colored version of CityCenter?” Agreed! (With a large helping of Mandalay … Continue reading
Echelon no more: Boyd humiliated yet again; Caesars pulls another plug
If you’ll pardon my vulgarity, shit got real while I was tied up with other projects. Last week’s sale of excess baggage Dania Jai-Alai in Florida was just a tiny prelude to this morning’s blockbuster: Echelon is kaput. Instead, Boyd Gaming … Continue reading
Posted in Architecture, Atlantic City, Boyd Gaming, Carl Icahn, CityCenter, Current, Downtown, Economy, Environment, Florida, Fontainebleau, Genting, Harrah's, history, International, Kansas, Mississippi, New York, Plaza, Politics, Racinos, Regulation, Sahara, Singapore, Station Casinos, The Strip, Wall Street
7 Comments
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
Lou Lang up to old tricks; Dog-and-pony show at Sahara
For months, state Rep. Lou Lang (D-Skokie), has been threatening to push an enormous gambling expansion through the Illinois Legislature during its lame-duck session. He says he’s “getting very close” but we’ve heard that kind of braying from Lang previously. … Continue reading
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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“Eaten” by Las Vegas; Icahn’s hard bargain
Today is being spent at home, buried ‘neath page proofs for Eating Las Vegas 3.0 (with assistance from sibling kitties Leona and Rascal, the latter incredibly well-named). Tonight brings Tournament of Kings — which I’ve never seen — and Evil … Continue reading
Posted in Boyd Gaming, Carl Icahn, Current, Dining, Fontainebleau, George Maloof, MGM Mirage, Pets, Phil Ruffin, Planet Hollywood, The Strip, Wall Street
3 Comments
“It was 20 years ago today …”
Well, not quite. But with the Southern Gaming Summit convening today in Biloxi, it’s as good a moment as any to look back on the quaint beginnings of what’s now a kind of American Riviera. Eleven casinos, 5,598 hotel rooms, … Continue reading
Posted in Atlantic City, Boyd Gaming, Carl Icahn, Columbia Sussex, Current, history, Isle of Capri, Marketing, Mississippi, Tropicana Entertainment
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The biggest losers; The Facebook factor
There’s a new power player in gaming and it’s … Brookfield Asset Management? The Canadian lender is already calling the shots (along with Warner Gaming) at the Hard Rock Hotel & Casino, a $1.5 billion quagmire into which Morgans Hotel … Continue reading
The Trop and the truth; Crock of Vegas
Black Hawk Down author Mark Bowden has penned a gripping account of how veteran racetrack executive Don Johnson (no, not that one) cleaned the clocks of the Tropicana Atlantic City, Borgata and Caesars Palace Atlantic City, to the tune of … Continue reading
Gambling makes strange bedfellows; Two kinds of Trop trouble
Earlier today, we witnessed the strange spectacle of a capitalist decrying the effect of market forces upon his business. It’s an indirect reminder that casinos are that rare issue which brings together the old maids of the far left and … Continue reading
Wynn vs. Okada: Shooting the messenger; Ship of fools
Stung by accusations from Wynn Resorts that erstwhile Shareholder #1 Kazuo Okada had been greasing palms at PAGCOR, prompt action was taken by the Philippines House Committee on Games & Amusements. It promptly banned … Steve Wynn. This comical, “circle … Continue reading
Sands’ new strategy: Blame Genting; Big Gaming backs Romney
First, the good news. Las Vegas Sands is signaling that it is not going to take its ball and come home from Florida, regardless of what lobbyist Nick Iarossi said last week. However, Sands’ emissary to the Sunshine State, Andy … Continue reading
Posted in Atlantic City, Carl Icahn, Colony Capital, Current, Donald Trump, Downtown, Economy, Election, Florida, Genting, Goldman Sachs, Harrah's, International, Internet gambling, LVCVA, Politics, Sheldon Adelson, Station Casinos, Steve Wynn, Tamares Group, The Strip, Tropicana Entertainment, Wall Street
1 Comment
Bluhm, Boyd win in Illinois, everyone else loses
Well, not quite but the headline pretty much gives you January’s narrative in a nutshell. After backing out the contribution made by Neil Bluhm‘s new, category-killing Rivers Casino in Des Plaines, gambling revenue from the Land of Lincoln was a … Continue reading
An old friend returns
Darn that Carl Icahn! He hasn’t been selling off any bits and pieces of Fontainebleau lately. (Say, whatever happened to all those in-room iMacs? How about donating them to the penurious Clark County School District, eh Carl?) So I don’t … Continue reading
Posted in Carl Icahn, Fontainebleau, TV
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Sahara 2.0: Nazarian gets real
Chuck Monster had this right on the money: He called Sahara owner Sam Nazarian‘s bluff over and over and over again on the latter’s luxury-megaresort predictions for the aging, shuttered property. Today, the Clark County Commission took the wraps off … Continue reading
Posted in Boyd Gaming, Carl Icahn, Current, Economy, Fontainebleau, Goldman Sachs, Harrah's, Marketing, MGM Mirage, Riviera, Sahara, The Strip, Tourism, Wall Street
5 Comments