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Category Archives: Current
Illinois: No end in sight; Boyd gets some love
“So much for a [gross gaming revenue] stabilization,” sighed analyst Joseph Greff in a J.P. Morgan investor note, after Illinois‘ casino revenues dropped 7% in November. Whenever you think the Land of Lincoln’s casinos have hit bottom, they sink lower … Continue reading
Quote of the Day
“The vast majority of Nevadans live in a harsh world of vanishing incomes, meager or nonexistent benefits and the realization that the relatively prosperous retirement enjoyed by today’s crop of geezers will be available to fewer and fewer people in … Continue reading
They’re just wild about Harry
An Alexandra Berzon byline in the Wall Street Journal, picked up by Politico.com (and forwarded to S&G by reader Hpark4) makes it implicitly clear why the casino industry’s Job One during the recent election cycle was to keep Sen. Harry … Continue reading
Cosmo attempts suicide; a big (Para)bounce?
Maybe Union Gaming analyst Bill Lerner knew something the rest of us didn’t when he predicted the opening of The Cosmopolitan (aka “Osmopo”) would improve business for other high-end hotels on the Strip. After all, what could send New Year’s … Continue reading
Good news, bad news in Atlantic City; Feinstein: “Stay on the rez!”; Buffalo Bill’s rides again
For once, however, it’s mostly good. Almost entirely good, in fact. The headline item is that Dennis Gomes‘ purchase of Resorts Atlantic City has cleared licensing, sweeping out the disastrous Colony Capital era. Gomes and financier Morris Bailey say $31.5 … Continue reading
Macao smacks down Adelson
So the Chinese government was just bluffing, huh? Talk about taking land back was merely political posturing, was it? Once again, Wall Street and hubristic casino barons alike have been given a sharp reminder just who’s calling the shots over … Continue reading
Quote of the Day
“My heart is absolutely broken. I cried this morning, but that’s over.” — Cape Girardeau casino opponent Doug Austin, taking yesterday’s decision by the Missouri Gaming Commission in favor of Isle of Capri Casinos a little too much to heart. … Continue reading
Posted in Current, Isle of Capri, Missouri
Comments Off on Quote of the Day
Isle’s comeback continues; What’s in a Mystic?
Congratulations to Isle of Capri Casinos, winner of Missouri‘s 13th and final casino license. This morning, the Missouri Gaming Commission voted in favor of Isle’s $125 million Cape Girardeau project. Although all rival projects were budgeted higher, favorite-son Isle’s standing … Continue reading
Harrah’s: Furtive Friday
Two days after sending CEO Gary Loveman out to change the conversation by hollering at the assembled masses in an inchoate G2E address, Harrah’s Entertainment quietly scuttled that much-talked-about IPO, evidently for fear it would be under-subscribed. Since the stated … Continue reading
Posted in Current, G2E, Harrah's, Ohio, Pennsylvania, The Strip, Wall Street
4 Comments
G2E 1, S&G 0
Despite less glad-handing and more hand-washing than any previous Global Gaming Expo, Yr. Humble Blogger is down for the count until further notice, victim of “flu-like” symptoms that surfaced at the end of the show. I’ll be “offline” another day … Continue reading
Quote of the Day
“Sometimes dictators have good ideas.” — local eccentric Sharron Angle, lauding one of her intellectual role models. I swear, you can’t make this stuff up.
‘Net betting: Wait til 2013 … or 2015 … or 2017 … or …
That was the consensus of a G2E panel that featured former California legislator Lloyd Levine, CNIGA Director of Government Affairs Jerome Encinas and Harrah’s Entertainment‘s top lobbyist, Jan Jones. With HR 2267 still several steps shy of passage and its … Continue reading
Posted in California, Current, Election, Florida, G2E, Harrah's, Harry Reid, International, Internet gambling, MGM Mirage, Politics, Sheldon Adelson, Taxes, The Strip, Tribal
3 Comments
Steelman: Small is profitable
Before he got elbowed aside in favor of ‘starchitects,’ Paul Steelman was one of the go-to designers on the Las Vegas Strip. He’s also one of the very few people who can say they’ve worked — without repercussion — for … Continue reading
Preparation G … 2E, that is
Starting last Friday, I’ve been in Preparation Mode for the forced march that is Global Gaming Expo, otherwise known as Try To Absorb The Entire Casino Industry in Four Days Or Less. (It’ll give the chance to walk off a … Continue reading
Quote of the Day
“Anyone who attempts to shoot video on the show floor and is not accompanied by a G2E Press Representative will be escorted off the premises.” — the American Gaming Association, just rrrrrrrrrrrolling out that welcome mat for media covering Global … Continue reading
Posted in Current, G2E, Harrah's
3 Comments
Quote of the Day
“Garth Brooks may be a very talented performer but he’s not worth $253. Hell, I wouldn’t even pay $253 to see Elvis if you could resurrect him.” — Las Vegas Sun reader Phillip McWatt, balking at a $100 price increase … Continue reading
Posted in Current, Economy, Entertainment, Steve Wynn, The Strip, Tourism
6 Comments
Tropicana memory lane
Heartfelt thanks to S&G reader Pete F. for sharing his video of the Tropicana Las Vegas‘ Tokyo Suite, circa 2005. That’d be in the waning days of the Aztar Corp. era, while the footage above was taken during the short-lived … Continue reading
Steve Wynn & the Half-Blood Princes; Harrah’s thinks ahead; rough road for Revel
Count Wynn Las Vegas President Andrew Pascal among the casualties of Steve Wynn‘s divorce from ex-wife Elaine Wynn. As of Monday, former nephew-in-law Pascal joined the ranks of Nevada‘s unemployed, ceding authority to Marilyn Winn. Pun opportunities aside, Winn’s sudden … Continue reading
Posted in Atlantic City, California, Current, Economy, Entertainment, Environment, George Maloof, Harrah's, Indiana, Macau, Missouri, Movies, Regulation, Station Casinos, Steve Wynn, The Strip, Tribal, Wall Street
4 Comments
What if they held an implosion and nobody came?
Tropicana Las Vegas CEO Alex Yemenidjian has played the publicity game very astutely of late. So it’s hard to imagine what he was thinking when he decided to implode a wing of low-rise hotel rooms in the dead of night … Continue reading
Posted in Alex Yemenidjian, Architecture, Current, Economy, Harrah's, Marketing, MGM Mirage, Ohio, The Strip
4 Comments
Quote of the Day
“When inequality rises, the richest rake in their winnings and buy even bigger mansions and fancier cars. Those a notch below then try to catch up, and end up depleting their savings or taking on more debt, making a financial … Continue reading
Posted in Current, Economy, Steve Wynn, Taxes
1 Comment