Category Archives: Columbia Sussex

Polite Euphemism of the Week

" … the company [Columbia Sussex] lost its New Jersey gaming license in December when regulators questioned the company's stewardship of the Tropicana Atlantic City." — from a Las Vegas Review-Journal story on Pinnacle Entertainment's ballot box win in Baton Rouge.

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Somedays, it sucks to be ‘ColSux’

“Northern Kentucky hotelier William Yung III may be gambling on Gov. Steve Beshear and Covington to save his crumbling casino empire.” Those are the words of the Lexington Herald-Leader, catching readers up on the quickly evolving troubles of Yung, CEO … Continue reading

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Pinnacle wins in Baton Rouge

Backed by 56% of local voters, Pinnacle Entertainment has received the green light for its “Riviere” project in East Baton Rouge. No doubt this means some long faces at Penn National and Columbia Sussex, both of which mounted a full-bore … Continue reading

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A.C. Tropicana: let the bidding begin!

Justice Gary Stein, conservator of the Atlantic City Tropicana, has set Feb. 18 as the kickoff date for the formal bidding process. Although only two cash offers are on the table so far, Stein — with assistance of Bear Stearns … Continue reading

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Trop letter link fixed

For technical reasons too tedious to describe, the PDF of the Las Vegas Tropicana's letter to the Las Vegas Sun was unavailable to S&G readers. However, our hard-working and unsung IT staff has rectified the matter. My apologies for the … Continue reading

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How many months …

… does it take to fix an escalator? According to the Los Angeles Times‘ Vegas blogger, Richard Abowitz, there’s still a broken escalator at the Las Vegas Tropicana. I first read about this in the LVA forums weeks — weeks! … Continue reading

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C.S. in KY: The other shoe drops

Yesterday, S&G reported on the role played — a public service, you might call it — by Columbia Sussex CEO William Yung III in helping to unseat former Gov. Ernie Fletcher, a one-man ethical and moral disaster area. Indirect beneficiary … Continue reading

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Bonus Case Bets: Tax rebate, Columbia Sussex, Gold Spike

Even the seraphic strains of Anton Bruckner‘s Seventh Symphony, as conducted by Carlo Maria Giulini are insufficient to quench my vexation at seeing the overmatched New England Patriots defense literally let victory (and mediocre QB Eli “My daddy don’t want me … Continue reading

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Columbia Sussex under siege

Columbia Sussex, owner of the Las Vegas Tropicana may have picked an inopportune time to stick its head over the parapet and lob a mud bomb at the Las Vegas Sun. (See previous entry, “When casinos attack.”) Seems the company’s … Continue reading

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When casinos attack

I had to go dumpster-diving yesterday to retrieve what is without question the strangest casino ad I’ve ever seen. Since I don’t read the Las Vegas Review-Journal in its ink-and-paper form, I’d missed a full-page ad from the Las Vegas … Continue reading

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@#*& hits the Columbia Sussex fan

Those intimations of insolvency at the Las Vegas Tropicana are now swelling into full-blown accusations [second item] leveled at Columbia Sussex HQ in a $960 million lawsuit. And not just any old insolvent but “deeply insolvent.” Whatever detente CEO William J. … Continue reading

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Case Bets: So long, HET … and plenty more

According to Bear Stearns, the privatization of Harrah’s Entertainment closed on schedule. HET stock finished trading just three cents shy of the $90/share buyout price. Voters in Miami-Dade County will be asked whether to allow

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Double standard

According to yesterday’s Wall Street Journal, the Culinary Union has sent Nevada casino regulators a tape and report purportedly documenting prostitution at the Tropicana. Why I’m shocked, SHOCKED, I tell you! The oldest profession being practiced on the Las Vegas … Continue reading

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A Friend Indeed

William Yung III doesn’t deserve friends like UNLV’s David Schwartz. He really, truly doesn’t. I mean, we’re talking about an exec who, as Schwartz writes, “seems to have brilliantly alienated most of the New Jersey gaming community.” Who else but … Continue reading

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