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Category Archives: Cosmopolitan
Case Bets: Global Cash’s Access, Cosmo, Riviera, Oscar, Oregon & Banditry
Excessive Access? The casino industry gets closer and closer to the day when it simply hooks up a suction hose to your bank vault. While Global Cash Access doesn’t want to interface bank cards with slot machines — it would … Continue reading
Posted in Colorado, Cosmopolitan, Current, Election, Environment, Harrah's, International, Marketing, New York, Oscar Goodman, Problem gambling, Regulation, Riviera, Technology, The Mob, The Strip, Tourism, Tribal, TV
8 Comments
Mothers of invention; Fernwood 2night
“Stacked” casino floors are a rarity in Las Vegas, usually necessitated by a limited footprint. That’s certainly the case with the Cosmopolitan, jimmied into a narrow slot just north of CityCenter (and often mistaken for part of that complex). However, … Continue reading
Quote of the Day
“The people who come to Vegas are not going to be the people who want to explore art galleries. There was a brief moment where I thought Vegas would grow into that. But I turned out to be mostly wrong … Continue reading
Posted in Cosmopolitan, Current, Entertainment, The Strip, Tourism
1 Comment
Who needs M most?; Station’s glass jaw
In a shocker of a scoop, The Newspaper That Must Not Be Cited revealed yesterday that a $700 million stake in $1 billion M Resort was being shopped around by the resort’s lead banker. While this probably says more about … Continue reading
Posted in Atlantic City, Boulder Strip, Boyd Gaming, California, Carl Icahn, Colony Capital, Cosmopolitan, Current, Downtown, Economy, Kansas, M Resort, Maryland, MGM Mirage, Michael Gaughan, North Las Vegas, Ohio, Penn National, Pinnacle Entertainment, Riviera, Station Casinos, The Strip, Tourism, Tropicana Entertainment, Wall Street
8 Comments
Vegas: Frugality is the new liquidity
I’m sure I speak for some of colleagues in the biz when I say that, on certain subjects, we feel like we’re writing the same story over and over again. (Which is provides yet another reason for our collective fascination … Continue reading
Posted in Boulder Strip, Boyd Gaming, CityCenter, Cosmopolitan, Current, Downtown, Economy, Mesquite, MGM Mirage, Station Casinos, Steve Wynn, The Strip, Tourism, Tribal
12 Comments
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
What’s that smell at Red Rock?
No, it’s not the ethical stench of the Station Casinos‘ LBO/bankruptcy/reorganization process. It’s the hazmat situation brought on by the careless handling of chemicals. Chlorine was pumped into an acid tank, causing respiratory irritation, a few hospitalizations — a no … Continue reading
Recovery? Not in the cards
Month after month of discouraging data from around the country makes it clear that any recovery in the casino industry is a long way off, perhaps years. Heck, just getting back to 2007 levels of prosperity doesn’t take into account … Continue reading
CityCenter: Stop the madness!
Just when I thought I was out of the Sharron Angle vs. CityCenter insanity, they pull me back in. As I feared, the mythical “CityCenter bailout” has become a meme in that echo chamber of misinformation and urban mythology, cable … Continue reading
Posted in CityCenter, Cosmopolitan, Current, Election, Fontainebleau, Harry Reid, MGM Mirage, Taxes, The Strip, TV, Wall Street
9 Comments
S&G hither & yon
Last weekend’s usual barrage of errands, veterinary appointments, etc., was interrupted long enough for Yr. Humble Blogger to guest-host another edition of The Strip Podcast. In it, I reveal my shameful ignorance of televised poker (something I literally tuned out … Continue reading
Posted in Ameristar, Architecture, Cannery Casino Resorts, CityCenter, Cosmopolitan, Dining, Downtown, Economy, Entertainment, Harrah's, Isle of Capri, MGM Mirage, Missouri, North Las Vegas, Pinnacle Entertainment, Regulation, Sheldon Adelson, Sports, Technology, The Strip, Tilman Fertitta, TV, Wall Street, World Series of Poker
1 Comment
It’s Sheldon’s world, we just live in it
Oh, how I envy Sheldon Adelson. My own hair grows thinner and grayer while his becomes thicker and darker. (The photo at left, shows Classic Sheldon, circa 1999.) But I digress … Adelson is one of the stars of an … Continue reading
Posted in Architecture, CityCenter, Cosmopolitan, Current, Economy, Florida, International, Macau, Pennsylvania, Sheldon Adelson, Singapore, Stanley Ho, Taxes, Texas, The Strip, Tourism, Wall Street
4 Comments
Cosmo: Blueprint for failure?
Geez, I’ve not been feeling pessimistic about the Dec. 15 debut of the Cosmopolitan … until somebody forwarded me a copy of a Bill Lerner analysis of the property. Now I’m worried. After walking the place, Lerner found it to … Continue reading
Posted in Architecture, CityCenter, Cosmopolitan, Current, Economy, Marketing, MGM Mirage, Planet Hollywood, The Strip, Wall Street
5 Comments
Cosmo sets a date
Dec. 15 is the Cosmopolitan‘s date with destiny. That’s when it begins rolling out its room inventory and casino product. That doesn’t sound very exciting, does it? It’s hard to get worked up about a place so grammatically challenged it … Continue reading
Posted in CityCenter, Cosmopolitan, Current, Economy, Entertainment, Genting, International, Sheldon Adelson, Singapore, The Strip, Tourism, Wall Street
1 Comment
Detroit sets pace for Vegas
Here’s PR blurb that just fell across the cyber-transom: Cosmopolitan of Las Vegas has signed a multi-product and systems agreement featuring sbX(TM), IGT‘s premier server based gaming solution; the majority floor share of games; plus an entire suite of IGT … Continue reading
Posted in CityCenter, Cosmopolitan, Detroit, Harrah's, history, IGT, MGM Mirage, Morgans Hotel Group, Technology, The Strip
1 Comment
Gary Loveman, pauper
Count Harrah’s Entertainment CEO Gary Loveman among the victims of the Great Recession. His total compensation for 2009 plummeted over 85%. The $1.9 million base pay is old news; the ex-prof also had to settle for a mere $3 million … Continue reading
Posted in Boyd Gaming, Cosmopolitan, Economy, Election, Harrah's, Horseracing, Ohio, Penn National, Racinos, Technology, The Strip, Wall Street
3 Comments
A Cosmopolitan by any other name …
… is still a long way from completion. A silly lawsuit has been settled, an extremely cosmetic change of name has been agreed upon (meaning that Cosmo The Casino is the de facto winner over Cosmo The Mag). We’re told … Continue reading
Planet Ho abdicates to Harrah’s
Sheraton Operating Corp. is bugging out of Planet Hollywood Resort — which has already lost some of its top management — and handing the keys to Harrah’s Entertainment. The latter will have something of a challenge filling the nearly 2,500 … Continue reading
CityCenter giblets
While I’m gathering my thoughts — and notes — from yesterday’s Orgy o’CityCenter (and trying to maintain a Cone of Deafness, as far as other commentators), here are a few stray tidbits: Even MGM Mirage CEO Jim Murren can’t hide … Continue reading
We *are* Dubai
“If anywhere is emblematic of the debt-fuelled extravagance of the past decade, it is surely [X], which strove to have the tallest, the biggest and the best of everything.” They’ve just got to be talking about Las Vegas, right? No, … Continue reading
Posted in Alex Yemenidjian, Architecture, Boyd Gaming, Cirque du Soleil, CityCenter, Colony Capital, Columbia Sussex, Cosmopolitan, Current, Dubai, Economy, Entertainment, Harrah's, International, James Packer, MGM Mirage, Morgans Hotel Group, Plaza, Sheldon Adelson, Station Casinos, Steve Wynn, Taxes, The Strip, Tourism, TV, Wall Street
6 Comments
F'bleau: Wait 'til 2012; Satre returns
That’s basically the message coming out of bankruptcy court, where Fontainebleau ownership requested permission to scrap all conventions and meetings through October 2011. Among many other disclosures in the fast-moving Chapter 11 was the sacking of seven top executives. (A … Continue reading
Posted in Atlantic City, Colony Capital, Cosmopolitan, Economy, Fontainebleau, Harrah's, IGT, Macau, MGM Mirage, Pansy Ho
2 Comments