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Category Archives: CityCenter
Goodbye Western, hello SLS … ?
Sometimes it’s better to be lucky than right: When Tamares Group made an indiscriminate splurge on downtown Las Vegas real estate in 2004, it was banking on a construction boom that never took place. It also found itself with several … Continue reading
Posted in CityCenter, Current, Dining, Downtown, Economy, M Resort, Marketing, Maryland, Ohio, Penn National, Sahara, Sam Nazarian, Steve Wynn, Tamares Group, The Strip, Wall Street
1 Comment
Before the fall …
Eight years later, Steve Wynn is still firmly ensconced at the top. Gary Loveman is hanging on for dear life and George Maloof is a sad-faced figurehead. And $2.7 billion for a casino resort (Wynn Las Vegas) looks like frugality … Continue reading
Posted in Boyd Gaming, CityCenter, Cosmopolitan, Economy, Fontainebleau, George Maloof, history, Steve Wynn, The Strip, Wall Street
4 Comments
North Strip: SLS yes, F-blew no, Riviera maybe
S&G contributor JeffInOKC returns from a too-long absence with some thoughts on one of our favorite topics, the North Strip … It is common for us to hear the term “Too Big to Fail,” but I think the true story … Continue reading
Posted in Architecture, Boyd Gaming, CityCenter, Cosmopolitan, Current, Fontainebleau, Marketing, MGM Mirage, Riviera, Sahara, Sam Nazarian, Steve Wynn, The Strip, Tourism
4 Comments
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
Caesars: Cui bono?; Loveman woos Britney
Our question for the day is, “Who benefits?” Taking the long view of Caesars Entertainment to bundle a mixed bag of Planet Hollywood, its-casino-to-be in Baltimore and Caesars Interactive, in whose interest is it to purchase minority stakes, since CEO … Continue reading
Cap-and-trade at Sands; SkyFail: The sequel
Ever since the government of Macao put a hard cap on the number of table games in the enclave, casino operators have been forced to do a certain amount of cap-and-trade. In order to stock up Sands Cotai, 200 tables … Continue reading
Blood on the Boardwalk: Marrandino out
You can practically hear the wind whistling through the corridors of power as top execs continue to jump — or are flung — from the sinking Caesars Entertainment ship. First, CFO Jonathan Halkyard up and quits, in favor of the … Continue reading
Posted in Atlantic City, CityCenter, Current, Florida, Harrah's, Maryland, Massachusetts, MGM Mirage, Regulation, Revel, The Strip
7 Comments
CityCenter’s clearance sale; Ameristar’s secret admirer
After a long, abyssal plunge, Las Vegas‘ real estate market has bottomed out — or so knowledgeable people tell me. Seems that the banks ’round here ignored Mitt Romney‘s (bad) advice to dump the “shadow inventory” en masse into the … Continue reading
Posted in Ameristar, CityCenter, Current, Donald Trump, Economy, Election, Harrah's, Illinois, Louisiana, Massachusetts, MGM Mirage, Missouri, Penn National, Pinnacle Entertainment, Sheldon Adelson, The Strip, Wall Street
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Penn’s sucker bet; Lack of Rappaport; Running scared
Although Penn National Gaming‘s scheme to split itself into a REIT and a casino-management company hasn’t received one regulatory approval yet, top brass is already taking a victory lap. Gloated CFO William Clifford, he would “be picking up the phone … Continue reading
Posted in CityCenter, Current, Economy, Entertainment, Harrah's, MGM Mirage, Penn National, Planet Hollywood, Taxes, The Strip, Wall Street
1 Comment
If you’re staying at a Hilton …
Here’s a handy guide to using the online Las Vegas guidebooks written by yours truly — sort of a tourist’s extension of S&G, available through all Hilton-branded hotels and timeshares. Since these only concentrate on carefully selected highlights of Sin … Continue reading
Posted in CityCenter, Cosmopolitan, Dining, Downtown, Entertainment, Harrah's, MGM Mirage, Steve Wynn, Technology, The Strip, Tourism
2 Comments
Right idea, wrong place?
Las Vegas is a city whose attractions feature the eat-at-your-own-risk Heart Attack Grill. It’s also got no shortage of vast, empty spaces waiting to be filled. So it would have seemed inevitable had Guy Fieri chosen to open a three-story, … Continue reading
Posted in CityCenter, Current, Dining, New York, The Strip, TV
3 Comments
Louisiana be crazy; Maryland: If you can’t beat ’em …; Revel on the ropes
Casino revenues in the Pelican State were up 2% last month, entirely upon the strength of Pinnacle Entertainment‘s L’Auberge Baton Rouge (above). It propelled the Baton Rouge market 58% upward, grossing $11 million at the expense of Argosy Baton Rouge … Continue reading
Posted in Atlantic City, Boyd Gaming, CityCenter, Cordish Co., Current, Economy, Election, Harrah's, Iowa, Louisiana, Maryland, Penn National, Pinnacle Entertainment, Racinos, Revel, Taxes, Wall Street
4 Comments
New cowgirl in town; “Zarkana” opens quietly
There may be a new Cirque du Soleil production show at Aria but it’s been drowned out in the thundering hooves and comparable hype that marked Shania Twain‘s arrival at Caesars Palace. It was quite a sight: 20 horses and … Continue reading
Posted in Cirque du Soleil, CityCenter, Current, Entertainment, Harrah's, MGM Mirage, The Strip, Tourism
1 Comment
Third-quarter blahs: Ameristar, Boyd, MGM; Crackdown in Alabama
While nobody quite matched the $221 million loss posted by Caesars Entertainment, the gaming industry didn’t lack for underachievers in 3Q12, thanks largely to softness in domestic casino markets. Ameristar Casinos reported a $16 million profit, despite a 2% revenue … Continue reading
Posted in Alabama, Ameristar, Atlantic City, Boyd Gaming, CityCenter, Colorado, Current, Detroit, Downtown, Environment, Harrah's, Hawaii, Illinois, Iowa, Kansas, Louisiana, Macau, Marketing, Massachusetts, MGM Mirage, Mississippi, Missouri, Ohio, Penn National, Steve Wynn, The Strip
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Pinnacle saves September in Louisiana; Echelon under wraps; The red-headed stepkids of Station, Sands and Caesars
Folks down in the Pelican State had better things to do than gamble last month … like clean up after Hurricane Isaac. This might account for a 5% year/year decline in casino revenues. Louisiana‘s gambling venues grossed $200 million last … Continue reading
Posted in Boyd Gaming, CityCenter, Current, Economy, Entertainment, Florida, Harrah's, Isle of Capri, Louisiana, Marketing, MGM Mirage, Missouri, Pennsylvania, Pinnacle Entertainment, Politics, Racinos, Regulation, Sheldon Adelson, Station Casinos, Taxes, The Strip, Tourism, Transportation, Wall Street
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Parlez-vous *faux pas*?
OK, so Cirque du Soleil‘s Zarkana is certain to be a slam-dunk at the box office and a better financial performer than its predecessor, the unlamented Viva Elvis. However, does anyone find this invitation a bit culturally off-key? English and … Continue reading
Black man frightens Steve Wynn, Part Two; MGM: Time to forget Harmon?
As Yahoo‘s Jeff Macke cuttingly puts it, he “found a real, live businessman who creates jobs,” thereby providing a Steve Wynn-to-sanity translation, courtesy of CIO Advisors‘ Hugh Johnson. If Wynn were truly being honest, he’d cut to the quick: He’s … Continue reading
Posted in Architecture, Cantor Gaming, CityCenter, Colony Capital, Columbia Sussex, Cosmopolitan, Cretins, Current, Donald Trump, Economy, Election, Fontainebleau, Goldman Sachs, Hard Rock Hotel, Harrah's, history, International, Louisiana, Macau, Massachusetts, MGM Mirage, Morgans Hotel Group, North Las Vegas, Politics, Sports, Station Casinos, Steve Wynn, Technology, TV, Wall Street
2 Comments
Black man frightens Steve Wynn, Part One
Update: Today, Wynn got into the act in the ongoing Big Bird charade. As Steve Sebelius points out, it’s meaningless posturing, nothing more. Life’s been good to Steve Wynn. How good? Well, if you or I talked like a crazy … Continue reading
Posted in Atlantic City, Cantor Gaming, CityCenter, Colony Capital, Columbia Sussex, Cosmopolitan, Cretins, Current, Donald Trump, Economy, Election, Entertainment, Fontainebleau, Goldman Sachs, Harrah's, Macau, Massachusetts, MGM Mirage, Morgans Hotel Group, North Las Vegas, Pennsylvania, Plaza, Politics, Regulation, Sports, Station Casinos, The Strip, TV
27 Comments