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Category Archives: Carl Icahn
Same old same-old at Trump; F-blew finally up for sale
Perhaps the biggest question surrounding Trump Taj Mahal is whether, when Carl Icahn takes over, the management team he has publicly upbraided will get to keep their jobs, especially since Uncle Carl has perfectly competent people taking care of business … Continue reading
Packer on the move in Vegas; Impending strike in Detroit?
Formally speaking, Alon hasn’t broken ground but that hasn’t stopped James Packer‘s bulldozers and backhoes from moving earth around at the site of the planned megaresort, as well as leveling some of the landscaping Steve Wynn paid for to conceal … Continue reading
Posted in Architecture, Carl Icahn, Dan Gilbert, Detroit, Fontainebleau, Genting, James Packer, MGM Mirage, SLS Las Vegas, Steve Wynn, The Strip
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Turmoil at Revel, Trump; DFS to try self-regulation
Atlantic City civic gadfly Glenn Straub is at it again. In addition to trying to wrest electrical power from Stockton University by way of the Showboat (Stockton is contesting the validity of the quid pro quo in court), he’s threatening to sue … Continue reading
Posted in Atlantic City, Baseball, Carl Icahn, Glenn Straub, Harrah's, Internet gambling, James Packer, Macau, Melco Crown Entertainment, Regulation, Trump Entertainment Resorts, TV
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First the good news …
Internet gambling revenues were up 16% in Atlantic City last month, for a $12 million haul. Resorts Atlantic City didn’t get much of the action — 6% — but the other four online operators divvied it up pretty equitably. As … Continue reading
Posted in Atlantic City, Boyd Gaming, Carl Icahn, Glenn Straub, Harrah's, history, Internet gambling, MGM Mirage, Mohegan Sun, Revel, Sports, Tilman Fertitta, Tribal, Tropicana Entertainment, Trump Entertainment Resorts
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Ohio: Dan Gilbert’s downfall; Icahn meets Randy the Rat
Ohio‘s slot hoppers have been emptied for August and it was a month marked by some dramatic swings of fate. Belterra Park‘s $6 million haul won’t blow anybody away but, at $145/slot/day, it’s doing an acceptable average and improved 41% … Continue reading
Posted in Atlantic City, Carl Icahn, Dan Gilbert, Eldorado Resorts, Environment, GLPI, Hard Rock International, Harrah's, International, Ohio, Penn National, Pinnacle Entertainment, Trump Entertainment Resorts, Unite-Here
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Turmoil along the Boardwalk
Cult figure Glenn Straub is back in the news again, if indirectly. Stockton University has received Superior Court Judge Julio Mendez‘s blessing to sell the former Showboat and Mendez has enjoined the obstreperous Straub from challenging the sale. Stockton is thereby … Continue reading
Atlantic City profits grow; Good and bad news for Caesars
Second-quarter operating profits in Atlantic City were up everywhere except for — you guessed it — Trump Taj Mahal. The Taj swung from a $2 million profit in 2Q14 to a $900,000 loss, another testament to CEO Bob Griffin‘s inspiring leadership. … Continue reading
Posted in Arizona, Atlantic City, Boyd Gaming, Carl Icahn, Genting, Georgia, Harrah's, history, International, Mohegan Sun, Politics, Regulation, Revel, Sheldon Adelson, Technology, The Strip, Tilman Fertitta, Tribal, Trump Entertainment Resorts
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Trump (the casino) loses again; New look for Bluhm
Business is in a tailspin at Trump Taj Mahal, in part due to Unite-Here‘s call for a boycott of the austerity-minded property. Trump Entertainment Resorts wanted the union muzzled, plus financial compensation. But a federal judge handed CEO Bob Griffin … Continue reading
SLS: House of Pain
Former Revel President Scott Kreeger, now running SLS Las Vegas, must feel like he’s gone from the frying pan into the fire. An unusually trenchant Howard Stutz column lays out the problems facing the new casino, a hipster joint sitting … Continue reading
Posted in California, Carl Icahn, Dining, Eldorado Resorts, Florida, Fontainebleau, Genting, Marketing, MGM Mirage, New York, Reno, Riviera, Sam Nazarian, SLS Las Vegas, Wall Street
1 Comment
Atlantic City, Trump Resorts play for time
Atlantic City can breathe a little easier: It’s bought a year’s reprieve from a ballot question which would revoke its casino monopoly. Technically, it could still get done if the Legislature votes it through by August 30. But it has … Continue reading
Reprieve for Dotty’s; Straub changes course again
By one vote, Dotty’s eked out a four-month grace period while the Las Vegas City Council ponders whether or not to lower the boom on the newest in this mammoth chain of slot parlors and taverns. Known for its homey, … Continue reading
Posted in Arizona, Atlantic City, Carl Icahn, Dotty's, Foxwoods, Glenn Straub, Laughlin, Massachusetts, Regulation, Tribal, Trump Entertainment Resorts
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More grief for Uncle Carl; Bluhm backs down
Carl Icahn has won his gambit to take over Trump Taj Mahal but that doesn’t mean he and Unite-Here are all lovey-dovey. Although Icahn earlier called Trump Entertainment Resorts the most distressed company he’s ever seen, he’s giving CEO Bob … Continue reading
Christie vs. Sweeney; Straub out of A.C.?
A bill introduced in the New Jersey Legislature sets up a proxy fight between Gov. Chris Christie (R) and state Senate President Stephen Sweeney (D) over the timing of when Garden State voters will be called upon to decide Atlantic … Continue reading
Posted in Atlantic City, Carl Icahn, Colony Capital, Dennis Gomes, Donald Trump, Election, Glenn Straub, Internet gambling, MGM Mirage, Pennsylvania, Politics, Revel, Steve Wynn, Taxes
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Penn nabs the Trop; Smog City
After years of hinting, feinting and fanning the flames of speculation, Penn National Gaming went out and bought its long-desired Strip casino: Tropicana Resort & Casino. The old gal has had difficulties keeping up with the times but Union Gaming … Continue reading
Posted in Alex Yemenidjian, Carl Icahn, Environment, Fontainebleau, GLPI, M Resort, MGM Mirage, Penn National, Wall Street
2 Comments
Our long Revel nightmare is over; Big brawl at Resorts World
It only took five tries but it looks like Revel finally belongs to Glenn Straub, the latter having dropped his insistence that it be sold to him free and clear. Now we’ll see if he’s like the dog who caught … Continue reading
Posted in Atlantic City, Carl Icahn, Genting, Glenn Straub, New York, Revel, Trump Entertainment Resorts
1 Comment
The wrath of Icahn; Cautious progress in Indiana
Using the power of the blogosphere, Carl Icahn opened an extra-large can of whup-ass on Unite-Here Local 54 today. While he fleetingly alluded to the ineptitude of Trump Entertainment Resorts management (“The bottom line is that, even without making exorbitant … Continue reading
Posted in Atlantic City, Carl Icahn, Donald Trump, Illinois, Indiana, Politics, Slot routes, Trump Entertainment Resorts, TV
Tagged Unite-Here
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Whither McCartney?; Distress at Caesars
Earlier this week, Vegas Tripping reported the departure of Thomas McCartney from The Cosmopolitan of Las Vegas. In its press release, the Cosmo went beyond the neutral sort of verbiage reserved for such pronouncements, saying that “Mr. McCartney did not … Continue reading
The torments of Glenn Straub; Icahn wins another round
“I keep waiting for the elevator doors to open and somebody to walk out carrying bags of money. We keep hearing about people with money wanting to make bids. I haven’t seen them yet.” So said Glenn Straub, who continues to … Continue reading
Trump’s hollow victory; Seminoles make new friends
In a display of either weakness or stupidity, Carl Icahn has caved in to Donald Trump and reached an agreement to keep the TV star’s name on Trump Taj Mahal. As anyone who’s followed the dwindling of the Trump empire from … Continue reading
Straub spurned again; Union vs. Icahn, Round Two
Revel has been snatched from Glenn Straub‘s grasp, at least for another week, even though Revel AC has switched its position from contentious opposition to Straub to support. Or, as Revel attorney John Cunningham said, they have “82 million reasons” … Continue reading