Category Archives: Colony Capital

Atlantic City: Fertitta in, Trump out; Inside Pokergeddon

Posted on May 18, 2011 by David McKee

Trump Marina became “RUMP Marina” this week (watch the video), as workers began removing vestiges of the Donald J. Trump era from the property. New owner Landry’s Restaurants is wasting no time putting its Golden Nugget imprimatur on the last-place … Continue reading →

Posted in Ameristar, Atlantic City, Colony Capital, Cordish Co., Current, Dining, Downtown, Economy, Harrah's, history, Horseracing, Illinois, International, Internet gambling, Isle of Capri, Marketing, Penn National, Regulation, Station Casinos, Steve Wynn, Wall Street | Comments Off on Atlantic City: Fertitta in, Trump out; Inside Pokergeddon

Johnny Casino, thug; Truce at the Trop; The T-Word

Posted on May 13, 2011 by David McKee

Although the Mob may have left Las Vegas, its strong-arm tactics are still in use. Respected casino architect Paul Steelman found that out when he wouldn’t give a job to John Ensign‘s borderline-illiterate former chief of staff, Doug Hampton. Drunk … Continue reading →

Posted in Atlantic City, Carl Icahn, Colony Capital, Columbia Sussex, Culinary Union, Current, Dennis Gomes, Donald Trump, Economy, Harrah's, Harry Reid, Kansas, MGM Mirage, Penn National, The Mob, The Strip, Tourism, Tropicana Entertainment, Wall Street | 3 Comments

Has Illinois finally bottomed out? Trop shakeup; Big markdown on Trump

Posted on May 6, 2011 by David McKee

Sorry to disappoint, but we won’t have the answer until June–August, three straight months with the same number of weekend days as last year. By that point we’ll know whether April‘s 2% increase was the beginning of a trend. Last … Continue reading →

Posted in Atlantic City, Boyd Gaming, Carl Icahn, Colony Capital, Columbia Sussex, Current, Donald Trump, Economy, Entertainment, Environment, George Maloof, Harrah's, Illinois, Indiana, Maryland, MGM Mirage, Missouri, Penn National, Phil Ruffin, Steve Wynn, The Strip, Tropicana Entertainment | 3 Comments

Trump™: asset or liability?

Posted on May 3, 2011 by David McKee

If you’d like to wager on Donald Trump‘s sham presidential “campaign” and you like long odds Paddy Power is the place for you. It’s taking action on the 2012 presidential race and Trump is now a 33-to-1 shot, along with … Continue reading →

Posted in Atlantic City, Colony Capital, Current, Entertainment, history, International, Marketing, Movies, Sports, Steve Wynn, Tilman Fertitta, TV, Wall Street | 9 Comments

Boyd exits Florida; Mixed messages from the Riv; The revenge of Adelson

Posted on May 2, 2011 by David McKee

Regardless of whether or not resort casinos are voted into law in Florida, one company that won’t be in the running is Boyd Gaming. The firm threw in the towel on the Miami market today. The Sunshine State “no longer … Continue reading →

Posted in Boyd Gaming, Colony Capital, Current, Donald Trump, Economy, Entertainment, Florida, Genting, Harrah's, Isle of Capri, M Resort, Macau, Marketing, MGM Mirage, Penn National, Politics, Regulation, Riviera, Sahara, Sheldon Adelson, Singapore, Station Casinos, Steve Wynn, Technology, The Strip, Wall Street | 1 Comment

Why is this man smiling? (And other Case Bets)

Posted on April 11, 2011 by David McKee

Because Sen. Harry Reid‘s decision not to importune lenders on behalf of Fontainebleau (unlike CityCenter) means he steered clear of a widening circle of litigation and recrimination, that’s why. Among those in the hot seat are hapless James Packer and … Continue reading →

Posted in Atlantic City, Boyd Gaming, Carl Icahn, Colony Capital, Current, Dennis Gomes, Donald Trump, Economy, Fontainebleau, Harrah's, Harry Reid, James Packer, Regulation, Sports, Tourism, Tropicana Entertainment | 6 Comments

Marriott moots LV casino

Posted on April 8, 2011 by David McKee

Offering Sin City a slim reed of hope, Marriott International has let it be known — through “trailer station” operator United Coin — that it hopes to build a 3,500-room casino-hotel directly opposite the Las Vegas Convention Center. Considering the … Continue reading →

Posted in Colony Capital, Current, Florida, Harrah's, history, LVCVA, Mississippi, Politics, Racinos, Regulation, Taxes, The Strip, Tribal | 5 Comments

The North Strip Story and Salvation Plan

Posted on April 1, 2011 by David McKee

Guest blogger Jeff in OKC returns, his previous dispatch on Downtown’s Western Casino having proven a smash hit; its fans included Western manager Anthony Santo himself. During his latest visit, he concentrated upon the north end of the Las Vegas … Continue reading →

Posted in Alex Yemenidjian, Boyd Gaming, Cloverfield monster, Colony Capital, Columbia Sussex, Cosmopolitan, Current, Economy, Entertainment, Fontainebleau, Goldman Sachs, Harrah's, MGM Mirage, Steve Wynn, The Strip, Transportation, Tropicana Entertainment, Wall Street | 10 Comments

Woe on the North Strip

Posted on March 31, 2011 by David McKee

Owners of the Riviera and the Las Vegas Hilton published their respective annual reports and it wasn’t a good day for the north end of the Strip, where bargain-priced casinos fight a holding action against the market forces of the … Continue reading →

Posted in Colony Capital, Colorado, Current, Economy, Goldman Sachs, International, MGM Mirage, Ohio, Riviera, Sahara, Sheldon Adelson, The Strip, Tourism, Wall Street | Comments Off on Woe on the North Strip

Packer packs it in; Lights out at Resorts A.C.

Posted on March 22, 2011 by David McKee

James Packer‘s had enough of the U.S. casino market. While not definitively ruling out a return to the American gaming industry, the minority owner of Cannery Casino Resorts makes it clear that he’s neither the stomach nor the lucre for … Continue reading →

Posted in Atlantic City, Australia, Boulder Strip, Boyd Gaming, Cannery Casino Resorts, Colony Capital, Dennis Gomes, history, James Packer, Macau, Melco Crown Entertainment, North Las Vegas, Pennsylvania, Racinos, Station Casinos, The Strip, Tribal, Wall Street | 2 Comments

What makes Sammy run?

Posted on March 14, 2011 by David McKee

Scarcely was the ink dry on Sahara owner Sammy “The Naz” Nazarian‘s announcement of the property’s May 16 closure than rumors began to fly about his endgame for the old gal. At S&G, we’re pretty certain that “The Naz” (™ … Continue reading →

Posted in Alex Yemenidjian, Boyd Gaming, California, Carl Icahn, CityCenter, Colony Capital, Columbia Sussex, Cosmopolitan, Current, Economy, Fontainebleau, Herbst Gaming, M Resort, Marketing, MGM Mirage, Penn National, Regulation, Riviera, Sahara, Sheldon Adelson, Tamares Group, The Strip, Tourism, Tropicana Entertainment, TV, Wall Street | 9 Comments

R.I.P., Sahara (1952-2011)

Posted on March 11, 2011 by David McKee

Once the Riviera changed hands, the Strip casino for whom mortality seemed most imminent became the Sahara. The ‘death by a thousand cuts’ regime of nightclub impresario and absentee owner Sam Nazarian bled the place to the extent that there … Continue reading →

Posted in Boyd Gaming, CityCenter, Colony Capital, Columbia Sussex, Current, Dining, Economy, Entertainment, Fontainebleau, Goldman Sachs, history, International, James Packer, Macau, Marketing, MGM Mirage, Morgans Hotel Group, Pansy Ho, Plaza, Regulation, Riviera, Sahara, Stanley Ho, Station Casinos, The Strip, Tourism, Transportation, TV, Wall Street | 10 Comments

Good news from an unexpected source

Posted on March 10, 2011 by David McKee

Atlantic City hit the big 3-0 in February: 30 straight months on revenue declivity, says J.P. Morgan (31, according to Wells Fargo). However, the rate of decline (1.4%) was the smallest since April of last year. With Genting Bhd‘s racino … Continue reading →

Posted in Atlantic City, Boyd Gaming, Carl Icahn, Colony Capital, Current, Dennis Gomes, Donald Trump, Economy, Genting, Harrah's, New York, Ohio, Penn National, Racinos, Tourism, Tropicana Entertainment | 1 Comment

Macao rally boosts Sands, Wynn & Melco; No “Triumph” at Hilton

Posted on February 28, 2011 by David McKee

Publicly traded casino operators in Macao got a dose of good news today. A late-month rally in play means another record month at the tables, a 51% increase from last year. Roughly half the $2.5 billion haul will be divided … Continue reading →

Posted in Cirque du Soleil, Colony Capital, Cordish Co., Current, Detroit, Economy, Entertainment, Macau, Maryland, Melco Crown Entertainment, MGM Mirage, Penn National, Sheldon Adelson, Stanley Ho, Steve Wynn | Comments Off on Macao rally boosts Sands, Wynn & Melco; No “Triumph” at Hilton

Gary Loveman, not so visionary

Posted on February 18, 2011 by David McKee

Here’s a hypothesis for why the lenders holding the note on Colony Capital‘s underwater (more like submerged in Davey Jones’ Locker), market-lagging Atlantic City Hilton believe they can get as much as $75 million for the old place. If state … Continue reading →

Posted in Alabama, Atlantic City, Colony Capital, Harrah's, Harry Reid, Internet gambling, Politics, Regulation, Sheldon Adelson, Technology | 7 Comments

Marina: Trump out, Tilman in

Posted on February 15, 2011 by David McKee

Our long national nightmare is over. Trump Entertainment Resorts has finally unloaded that pariah known as Trump Marina and for a pittance: $38 million. Just when it looked like Trump couldn’t give the place away, Landry’s Restaurants CEO Tilman Fertitta … Continue reading →

Posted in Atlantic City, Boyd Gaming, Colony Capital, Current, Donald Trump, Economy, Harrah's, Regulation | 3 Comments

Burnt out at Marina Bay Sands; Winners in Atlantic City

Posted on January 28, 2011 by David McKee

Another day, another Las Vegas Sands executive falls by the wayside. In the case of Marina Bay Sands, it sounds like CEO Thomas Arasi has been burned out in what must have been a pretty intense 18 months at the … Continue reading →

Posted in Atlantic City, Boyd Gaming, Colony Capital, Cordish Co., Current, Dennis Gomes, Donald Trump, Economy, Harrah's, IGT, International, Macau, Marketing, Maryland, Penn National, Politics, Racinos, Sheldon Adelson, Singapore, Tilman Fertitta, Tourism, Wall Street, WMS Industries | 3 Comments

It ain’t easy being green

Posted on January 25, 2011 by David McKee

Editor’s note: Here is the second in a series of contributions from University of South Carolina faculty member Prof. Augie Grant. In today’s installment, Dr. Grant reflects on the gap between rhetoric and performance in the “greening” of Las Vegas … Continue reading →

Posted in Colony Capital, Environment, The Strip | 4 Comments

Quote of the Day

Posted on January 14, 2011 by David McKee

“Our intent is to be a large capital facilitator to enable SBE to embark on a shopping spree through the rubble and wreckage of a stretched industry, and do those bold things that others would not consider.” — Colony Capital … Continue reading →

Posted in Atlantic City, Colony Capital, Economy, Sahara, Station Casinos, Wall Street | 1 Comment

Quote of the Day

Posted on January 13, 2011 by David McKee

“Sahara is a dirty hell hole. This is all you need to know.” — Vegas Tripping, naming the minaret-topped casino the worst on the Strip. Congratulations to Sam Nazarian and new minority owner Colony Capital, which really knows how to … Continue reading →

Posted in Colony Capital, Current, Harrah's, Sahara, Steve Wynn, Technology, The Strip | 3 Comments