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- Atlantic City rebounds; Sibella dumped; NFL suspicions
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- David McKee on You can’t fix stupid; Good-bad news on the bayou
- American Gaming Guru on You can’t fix stupid; Good-bad news on the bayou
- Ray Lebowski on Sibella scandal spreads; Supremes forestall Seminoles
- David McKee on Sibella scandal spreads; Supremes forestall Seminoles
- Ray Lebowski on Sibella scandal spreads; Supremes forestall Seminoles
- David McKee on MGM crippled; Illinois & Indiana report; Bally’s shaky in Chi
- Paul Shanahan on MGM crippled; Illinois & Indiana report; Bally’s shaky in Chi
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Category Archives: CityCenter
Penn talks turkey; Celebrity brawl at Aria
Next week Penn National Gaming turns on the Marquee Rewards spigot at the Tropicana Las Vegas. Given some of management’s recent disclosures, it won’t come a day too soon: 85% of Penn’s customer base comes to Sin City but stays … Continue reading
Posted in Affinity Gaming, Ameristar, Boyd Gaming, CityCenter, Cordish Co., Full House Resorts, Harrah's, Indiana, Isle of Capri, Majestic Star, Marketing, Maryland, Massachusetts, MGM Mirage, Missouri, Ohio, Penn National, Pennsylvania, Pinnacle Entertainment, Racinos, Steve Wynn, Taxes, The Strip, Tourism, Tribal, Tropicana Entertainment, Wall Street, West Virginia
1 Comment
Wynn vs. Wynn II; T-Mobile Arena arrives
You’ve got to hand this to Elaine Wynn: She doesn’t give up easily. Her attorneys have filed their no less than fifth amended complaint and counterclaim. It references depositions from several Wynn Resorts board members, including former Nevada Gov. Bob Miller. It … Continue reading
Posted in CityCenter, Entertainment, history, MGM Mirage, Sheldon Adelson, SLS Las Vegas, Sports, Steve Wynn, The Strip
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That impersonal touch; Big day for MGM
What is almost completely missing from this commercial? Caesars Entertainment guests are lengthily shown drinking, dining, riding the High Roller (which could use the traffic) and — as a very brief afterthought — gambling. So the company’s definitely on the … Continue reading
Posted in California, CityCenter, Detroit, Dubai, Genting, Harrah's, International, LVCVA, MGM Mirage, Mississippi, Penn National, Regulation, Riviera, Taxes, Technology, The Strip, Tourism, Tribal, Wall Street
1 Comment
Crystals sold; Struggles in California
This morning, Real Estate Alert published a story saying that MGM Resorts International and Dubai World had liquidated Crystals, the high-end retail mall at CityCenter, to Simon Property Partnership. The transaction was valued at $1.1 billion and change, which means … Continue reading
Posted in Australia, California, CityCenter, Dubai, Horseracing, Internet gambling, MGM Mirage, Regulation, Technology, The Strip, Tribal, Wall Street
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Gaming companies seek to hide financial results; Murren bullish on MGM
When the gaming industry speaks, Frank Schreck‘s lips move. His latest move is to propose a removal of the transparency that applies to casinos owned by investment banks and funds, such as the Hard Rock Hotel & Casino and SLS … Continue reading
Posted in CityCenter, Economy, Florida, Hard Rock Hotel, Internet gambling, MGM Mirage, Regulation, SLS Las Vegas, The Strip
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Banner week for Wynn, Station; Life after Macao for MGM
Station Casinos closed out the year on a strong note, posting its 11th straight quarter of net revenue growth and 19th of improved cash flow. It marked blue-ribbon finish to a year that saw the highest revenues for the company … Continue reading
Posted in CityCenter, Detroit, Harrah's, Macau, MGM Mirage, Mississippi, Station Casinos, Steve Wynn, The Strip, Tourism, Transportation, Wall Street
3 Comments
To park or not to park, that is the question
Jim Murren wants more than our money with MGM Resorts International‘s controversial new parking fees. He wants our gratitude. “I ask them to honestly reflect what it means to be a local and how the tourist economy has improved their … Continue reading
Posted in CityCenter, Culinary Union, Economy, Harrah's, International, MGM Mirage, Sports, The Strip, Transportation
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Adelson’s new toy; MGM: ‘Zarkana’ out, architectural innovation in
Las Vegas‘ worst-kept secret is out: Sheldon Adelson is the new owner of the Las Vegas Review-Journal. He’s claiming that the clumsy subterfuge was needed so as not to “distract from the important role Nevada continues to play in the … Continue reading
Posted in Architecture, Cirque du Soleil, CityCenter, Election, Harrah's, Harry Reid, MGM Mirage, Politics, Sheldon Adelson, Taxes, The Strip
4 Comments
Caesars loses Ohio; Parking fees on the Strip?
In a lose-lose scenario, Caesars Entertainment is losing its management contracts at Horseshoe Cincinnati, Horseshoe Cleveland and Thistledown Racino. Even with the valuable Horseshoe brand, all three had been losing business in recent months. Caesars had long ago sold its … Continue reading
MGM: The Murren roars
In one of the year’s least surprising surprises, MGM Resorts International announced that it is spinning 10 of its casinos off into a REIT and is in a hurry to do so, expecting the transaction to close in the first … Continue reading
Posted in CityCenter, Illinois, Macau, Maryland, Massachusetts, MGM Mirage, Mississippi, Station Casinos, Wall Street
1 Comment
The HOTO has landed
Tatsuo Miyajima‘s Hoto has arrived at Crystals for an open-ended engagement and we have to say it does wonders for that often sterile and forbidding space. The 9/11-inspired sculpture is covered in LED number sequences that are meant to represent … Continue reading
Posted in CityCenter, Entertainment, Japan, MGM Mirage, The Strip
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China comes to Las Vegas’ rescue; MGM chock-full of cultural initiatives
High-speed rail to Las Vegas is “on” again, with China emerging as Sin City’s savior. The budget for the China Railway Group/XpressWest Enterprises joint venture hasn’t been disclosed but $100 million in startup capital has been committed to fund the … Continue reading
Posted in California, CityCenter, history, Massachusetts, MGM Mirage, The Strip, Transportation
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A lesson from Ohio; Murren goes to Georgia; Big changes at Sands
Two years ago, Ohio was grappling with what J.P. Morgan analysts called “a sluggish ramp” for its casino industry. He may have been against casinos before he was for them but Gov. John Kasich‘s supersized version of predecessor Ted Strickland‘s … Continue reading
Posted in CityCenter, Economy, Election, Foxwoods, Galaxy Entertainment, Geoff Freeman, Georgia, Harrah's, Horseracing, Isle of Capri, M Resort, Macau, Massachusetts, MGM Mirage, Midnight Jim Gibbons, Mohegan Sun, Ohio, Penn National, Politics, Problem gambling, Regulation, Sheldon Adelson, Steve Wynn, Taxes, The Strip, Wall Street
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Optimism at MGM; SLS: The Unhappy Blob
MGM Resorts International sent CFO Dan D’Arrigo to meet with J.P. Morgan analysts, who found MGM execs in an upbeat mood. “We’d characterize the tone of the meetings as positive and investor interest as high,” wrote analyst Joseph Greff. That’s … Continue reading
MGM’s cost-discipline difficulties; Wynn framed in Boston
As fast as MGM Resorts International can sell off non-core assets, the proceeds are consumed by new construction. Case in point: MGM National Harbor, whose initial $925 million cost has crept up to $1.3 billion. That’s money that can’t go … Continue reading
Posted in Architecture, Boyd Gaming, CityCenter, Downtown, Harrah's, history, Illinois, Massachusetts, MGM Mirage, Penn National, Slot routes, Steve Wynn, The Strip
1 Comment
From Russia with baccarat; Massachusetts tribe has no quit in it
North Korean, South Korean and northern Chinese punters will relatively soon have at least two opportunities to take short-hop flights to Vladivostok, where two casinos — relatively modest in budget by American standards — are in progress. The junior of the … Continue reading
Posted in Architecture, CityCenter, Donald Trump, history, International, Lawrence Ho, Massachusetts, New York, Racinos, Regulation, Slot routes, Technology, The Strip, Tribal
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Pushback against Adelson; Packer’s pretension
“Poker is an all-American game. It’s a game that I learned as a teen and continue to play today. Just like millions of other players I enjoy the strategy and skill involved.” So said Rep. Joe Barton (R) as he introduced … Continue reading
Posted in Architecture, Australia, California, CityCenter, Cosmopolitan, Entertainment, Hard Rock Hotel, Harrah's, International, Internet gambling, James Packer, Lawrence Ho, Macau, PokerStars, Politics, Regulation, Taxes, The Strip, Warner Gaming
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Hard Rock, Resorts World put their chips on the table
While New Jersey politicians bicker over the timing of a constitutional referendum for adding northerly casinos, Hard Rock International unveiled a detailed picture of its plans for its desired Meadowlands casino (a site favored by 73% of voters polled, although … Continue reading
Posted in Architecture, Atlantic City, CityCenter, Economy, Election, Genting, Glenn Straub, Hard Rock Hotel, Hard Rock International, Horseracing, Macau, New York, Pennsylvania, Sheldon Adelson, Stanley Ho, Steve Wynn, The Strip, Tourism
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Adieu, Monte Carlo; Sunny April in Detroit
Judging from how it bastardized the Strip facade of Monte Carlo, it’s clear MGM Resorts International doesn’t quite know what to do with the place. CEO Jim Murren tacitly confirmed this recently when he said MGM was studying myriad options … Continue reading
Posted in Architecture, CityCenter, Detroit, Harrah's, MGM Mirage, Station Casinos, The Strip, Tourism, Wall Street
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MGM: The lion meows; GLPI: Still hungry
MGM Resorts International needed to increase net revenue this past quarter by 2% to meet Wall Street forecasts and offset inflation. Instead, revenue stayed flat and the Leo the Lion came in $33 million on cash-flow forecasts and down $12 … Continue reading
Posted in CityCenter, Economy, GLPI, Louisiana, Macau, Maryland, MGM Mirage, Penn National, Pinnacle Entertainment, The Strip, Wall Street
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