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Recent Posts
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- If you can’t beat ’em, cheat ’em; Fun & games
- Pennsylvania soggy; Epic fail in North Carolina
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- Atlantic City rebounds; Sibella dumped; NFL suspicions
- MGM limping back; Atlantic City follies; Wall Street Jottings
- On and off the radio
- MGM crippled; Illinois & Indiana report; Bally’s shaky in Chi
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- Alice Eskandari on Durango Station, slightly downsized
- 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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- Atlantic City rebounds; Sibella dumped; NFL suspicions - 55,529 views
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- MGM crippled; Illinois & Indiana report; Bally’s shaky in Chi - 57,646 views
- MGM paralyzed; DraftKings debacle; Mount Airy wins - 57,069 views
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Category Archives: Colony Capital
Gone baby, gone
“[T]he confidence that property prices and stock markets would permanently defy gravity” is a phrase that perfectly encapsulates how the casino industry got itself into its present pickle. In what other mindset could an industry convince itself that it could … Continue reading
Posted in Archon Corp., Atlantic City, Boyd Gaming, Cannery Casino Resorts, CityCenter, Colony Capital, Cosmopolitan, Current, Dining, Economy, Encore, Entertainment, Environment, Fontainebleau, Harrah's, history, Marketing, MGM Mirage, Regulation, Station Casinos, Steve Wynn, Taxes, The Strip, Tourism, Wall Street
4 Comments
Fertittas win: Boyd calls it quits
Boyd Gaming threw in the towel today, ending its pursuit of two-thirds of Station Casinos‘ assets. This makes it virtually a shoo-in that sock-puppet bidder Fertitta Gaming will prevail at the upcoming bankruptcy auction. The latter, a front for Station … Continue reading
From the mailbag
A mystery illness has debilitated me off and on (more “on” than “off,” sadly) for the past seven days. Fortunately, lively reader debate in the “Comments” threads have kept things ticking over nicely in my absence. Also, I sometimes get … Continue reading
Posted in Carl Icahn, Colony Capital, Current, Dining, Economy, Fontainebleau, Harrah's, IGT, Laughlin, MGM Mirage, Planet Hollywood, Riviera, Technology, The Strip, Tourism
4 Comments
Chris Christie, rock star
New Jersey‘s outspoken governor lays down some righteous grooves at Meadowlands, including telling the horsey set what it needs to hear: “I don’t have the money to be subsidizing failure.” Gov. Chris Christie on New Jersey horseracing: this industry has … Continue reading
The great Hilton showroom massacre (and other light news)
In true Colony Capital fashion, the Las Vegas Hilton continues to shed parts like a rattletrap car. Our LVA research team reports that Shimmer Cabaret fixtures Voices (“Starring the beautiful and talented Lani Misalucha“) and Sin City Bad Girls have … Continue reading
Posted in CityCenter, Colony Capital, Current, Donald Trump, Entertainment, Environment, Marketing, MGM Mirage, Riviera, Sheldon Adelson, The Strip, Tourism
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Atlantic City: Christie’s coup d’etat
Last week, I tried to work up a piece entitled, “Atlantic City, R.I.P.” After all, the Boardwalk had just come off a catastrophic June, impacted by table games in Delaware. Since table games were in process of sweeping Pennsylvania, from … Continue reading
Posted in Atlantic City, Colony Capital, Columbia Sussex, Current, Donald Trump, Economy, Entertainment, Harrah's, history, Horseracing, International, Internet gambling, Macau, Marketing, MGM Mirage, Midnight Jim Gibbons, Penn National, Pennsylvania, Pinnacle Entertainment, Politics, Racinos, Regulation, Stanley Ho, Taxes, The Mob, Tourism
6 Comments
“I’m not dead yet!”
Taking its cue from Monty Python‘s interpretation of the death of Mary, Queen of Scots, management of the Riviera refuses to roll over and die. Its latest enhancement is somewhat out of the box as far as Strip watering holes … Continue reading
Dick Cheney, casino headliner
It’s no joke. The ex-veep is part of a new entertainment regime at the Atlantic City Hilton. After nearly mismanaging the property into extinction, owner Colony Capital has given President Michael Frawley $20 million, which Frawley’s plowing into a new … Continue reading
Posted in Atlantic City, Colony Capital, Dining, Economy, Entertainment, Marketing, Politics
5 Comments
Penn’s door prize: toxic waste!
Penn National Gaming got a little something extra when it bought an old General Motors site for its Columbus, Ohio casino: 81 sites’ worth of toxic waste, so much sludge it takes 3,000 pages to catalog. Penn didn’t have to … Continue reading
Posted in Colony Capital, Current, Detroit, Election, Entertainment, Environment, Harrah's, Massachusetts, MGM Mirage, Ohio, Penn National, Politics, Racinos, Regulation, Sahara, Technology, The Strip, Tribal, TV
3 Comments
MGM Mirage jumps the shark
A foolish band of MGM Mirage shareholders did its best imitation of a herd of sheep and voted through management’s absolutely dreadful idea of renaming the company MGM Resorts International. So June 15 marks the date that the Mirage Resorts … Continue reading
Posted in Atlantic City, CityCenter, Colony Capital, Current, Detroit, International, Marketing, MGM Mirage, Steve Wynn
4 Comments
“Yup, it’s in bad shape”
That’s what a correspondent wrote after seeing a ginormous photo of the sadly faded Paris-Las Vegas “balloon” marquee. For the grisly details click here. Planet Hollywood, this could be you. Just give it a few years. On the subject of … Continue reading
Harrah’s $1.5B Bratislava bet; Marina Bay Sands booms; Falcons swoop upon Hilton, etc.
With almost no exception other than The Newspaper That Shall Remain Nameless, a $1.85 billion Metropolis project headed up by Harrah’s Entertainment has flown completely under the radar of the U.S. media ever since its announcement last October. Oh, some … Continue reading
Case Bets: Station, Macao, Maryland, Missouri, Mississippi, Encore 2x, etc.
$864.5 million: That’s the magic number if you want to put in an opening bid on 11 Station Casinos properties (plus unspecified land and some tribal-casino-management contracts) come Aug. 6. Boyd Gaming‘s already made it clear that it’s good for … Continue reading
Posted in Ameristar, Bally Technologies, Boulder Strip, Boyd Gaming, Colony Capital, Current, Economy, Encore, Entertainment, Harrah's, Horseracing, International, Isle of Capri, Macau, Maryland, Mississippi, Missouri, Ohio, Pinnacle Entertainment, Racinos, Regulation, Station Casinos, Steve Wynn, Taxes, The Strip, Tourism, Tribal, Wall Street
1 Comment
Motley Crew
(Editor’s note: Whoever labeled the photo at left misplaced the captions. FF3 is the guy having the good hair day and brother Lorenzo is the one with the handkerchief in his breast pocket.) In my 15 years of following the … Continue reading
The Ribis Factor
Today’s a hectic one: four bylines due and not much time for S&G. However, I am the beneficiary of some number-crunching conducted by a reader, who’s been following the decline and fall of Colony Capital‘s two Atlantic City casinos under … Continue reading
Posted in Atlantic City, Colony Capital, Current, Donald Trump, Economy, Entertainment, George Maloof, Harrah's, Marketing, Mississippi, Planet Hollywood, Politics, Racinos, Taxes, The Strip, Wall Street
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LV Hilton sagging
Tom Barrack‘s Colony C[r]apital may be running yet another casino into the ground. The Las Vegas Hilton reported earnings late today, swinging $5 million year/year from a profit to a loss. Food and beverage sales were steady but hotel rooms … Continue reading
Posted in Colony Capital, Economy, The Strip, Wall Street
2 Comments
This just in …
Casino regulators in Iowa have dealt a sweeping rebuff to Gov. Chet Culver (D). While the Hawkeye State’s Racing & Gaming Commission gave its nod to a casino targeted primarily at the South Dakota market, it backhanded three other proposals. … Continue reading
Posted in Colony Capital, Current, Economy, Entertainment, Iowa, MGM Mirage, Politics, Regulation, The Strip
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While Atlantic City burns …
While Atlantic City burns, Gov. Chris Christie fiddles. After coming into office saying the right things about helping the state’s casino industry, Christie has spent most of first months in office dithering uselessly. Having waited until A) the Revel project … Continue reading
Blasts from the past
Steve Wynn‘s been taking himself a mite too seriously of late, which makes me wonder whatever happened to this guy? At least the “hair helmet” look is a thing of the past. Sadly, so too is the Golden Nugget Atlantic … Continue reading
Posted in Atlantic City, Colony Capital, Harrah's, James Packer, Marketing, Phil Ruffin, Steve Wynn, The Strip, TV
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How ’bout “Frankie & Lon’s Shack o’ Slots”?
So, will $10 billion Viva precede or follow those condo towers next to Palace Station in the grand Station scheme of things? There are any number of gaming companies about which one can write with approbation. Station Casinos is not … Continue reading