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Category Archives: Dennis Gomes
Atlantic City: Low prices and high dudgeon
That shriek of dismay you hear from the direction of Atlantic City is the screech of hotelier Curtis Bashaw (left). What is the cause of his umbrage? The discovery that a hotel room in A.C. can be had for as … Continue reading
R.I.P., Dennis Gomes; Casino avalanche in Michigan; Life after UIGEA
There are few real characters in the casino industry anymore. Dennis Gomes (1944-2012) was one of them. His recent death put a premature “full stop” on one of the most colorful and wide-ranging careers gaming has seen. After all, how … Continue reading
Posted in Atlantic City, Colony Capital, Dennis Gomes, Detroit, Donald Trump, Economy, Election, Harrah's, history, Illinois, International, Internet gambling, Marketing, MGM Mirage, Movies, Ohio, Penn National, Pokergeddon, Politics, Problem gambling, Regulation, The Mob, The Strip, Tribal
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Belated Christmas presents
Good news is busting out all over, starting in the unlikeliest place … Atlantic City. Ye Olde Boardwalk was up 4% last month, its first revenue-positive month in 15 quarters. Even a 10% fall in table drop couldn’t put a … Continue reading
Borgata or bust; ‘LVH,’ Jacko & Sinead
First, the good news: Borgata — accounting for more than one-fifth of the entire market share — continues to vastly outpace the rest of the Atlantic City market. Last month, it raked in $50 million for a 2% gain, driven … Continue reading
Atlantic City: Fertitta struggling, Gomes triumphing, Boyd steady
No surprise that Borgata remains in a class by itself among Atlantic City resorts. It finished October at 0.0% deviance from last year, as flat as “flat” can be. The lone gainer in the market was Resorts Atlantic City, up … Continue reading
Another victory like this …
In one of the most Pyrrhic victories in casino-industry history, Colony Capital has managed to prevent foreclosure of the former Atlantic City Hilton. But the cost of victory outweighs the gain. Colony got itself out of this scrape by giving … Continue reading
Posted in Colony Capital, Current, Dennis Gomes, Genting, Mississippi, New York, Politics, Racinos, Regulation, Tilman Fertitta, Wall Street
1 Comment
Shakedown at G2E; Riviera quits Colorado, Trump quits humanity
Our beloved casino industry runneth over with individuals, companies and even sovereign nations that have a vested interest in the legalization of Internet poker … and more. Rep. Joe Barton (R-TX, left) knows this, which is why he’s coming to … Continue reading
Posted in Atlantic City, Colorado, Current, Dennis Gomes, Donald Trump, Economy, Election, G2E, Internet gambling, Marketing, Politics, Regulation, Reno, Riviera, Sheldon Adelson, Steve Wynn, The Strip
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Boardwalk brinkmanship
As the hours tick away toward this week’s expiration of labor agreements at nine Atlantic City casinos, managements are all but daring Culinary Union parent Unite Here to strike. Caesars Entertainment had the brass to declare it was continuing “to … Continue reading
The lost weekend; Machine Gun Bloom
When casino revenues weren’t as bad as expected, earlier this summer, one Atlantic City property executive called it a light at the end of the tunnel. Elsewhere, S&G reader American Gaming Guru pithily remarked that the light was an oncoming … Continue reading
Pain in the ACH
In the shrinking Atlantic City market, where most of the casinos are operating in the red, it was inevitable that one or two of the so-called “parasitic” ones would bite the dust. While the ex-Atlantic City Hilton (preposterously rebranded as … Continue reading
ACH-ooo!; The Admiral’s last voyage
For the second time in a week, Hilton Hotels & Resorts has stripped its name from a Colony Capital casino-hotel. First to go was the Las Vegas Hilton, to be known next year as [your logo here]. Today comes news … Continue reading
Frosty spring on the Boardwalk; Tortoises vs. hares in Pennsylvania
Dennis Gomes‘ comeback trail at Resorts Atlantic City (left) finally hit a wall in May. The recovering casino was 4% off last year’s pace, although that’s above-average performance in market that took another thwack last month, down 9%. The feeble … Continue reading
Posted in Atlantic City, Boyd Gaming, Current, Dennis Gomes, Donald Trump, Economy, George Maloof, Harrah's, Neil Bluhm, Pennsylvania, Racinos, The Strip, Tilman Fertitta, Tourism, Tropicana Entertainment
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After the flood; New captains at Tropicana Entertainment
What used to be the Horizon riverboat in Vicksburg is back in business as Grand Station (no relation to Station Casinos, in case you were wondering). While nearby riverboats owned by Neil Bluhm and Ameristar Casinos rode out the high … Continue reading
Posted in Ameristar, Atlantic City, Carl Icahn, Columbia Sussex, Dennis Gomes, Harrah's, Indiana, Marketing, Mississippi, Neil Bluhm, Penn National, Station Casinos, Tropicana Entertainment
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Ruffin it; Atlantic City: up in smoke?
“Nightclubs — we just didn’t fare well with them. There are so many nightclubs. Everyone’s got just one or two. Ours were just marginal.” That’s Treasure Island owner Phil Ruffin‘s argument for repositioning the pirate place for a mid-market, middle-aged … Continue reading
Posted in Atlantic City, Boyd Gaming, Cirque du Soleil, Dennis Gomes, Donald Trump, Economy, Entertainment, Environment, Hard Rock Hotel, Harrah's, history, Horseracing, Kansas, Macau, Marketing, Massachusetts, Morgans Hotel Group, New York, Pennsylvania, Phil Ruffin, Politics, Problem gambling, Racinos, Regulation, Station Casinos, The Strip, Tilman Fertitta, Tourism, Tribal, Wall Street, Warner Gaming
1 Comment
Atlantic City on the mend; Trump: Fish or cut bait?; Mike Ensign’s woes
My apologies for attenuated bloggery today but a swarm of deadlines presses upon me, including coverage of the demise of 104-year-old Huguette Clark, daughter of Sen. William A. Clark, from whom Clark County takes its name. You’ll find a lengthy … Continue reading
Posted in Alex Yemenidjian, Architecture, Atlantic City, Boyd Gaming, Carl Icahn, Charity, CityCenter, Colony Capital, Current, Dan Lee, Dennis Gomes, Donald Trump, Downtown, Economy, Election, Environment, Harrah's, history, Isle of Capri, Marketing, MGM Mirage, Missouri, Penn National, Pinnacle Entertainment, Planet Hollywood, Regulation, Sheldon Adelson, Steve Wynn, The Strip, Tilman Fertitta, Wall Street
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Johnny Casino, thug; Truce at the Trop; The T-Word
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
Nazarian totally busted …
… by Chuck Monster, who’s learned that SBE Entertainment‘s deal with MGM Resorts International includes dumping the Club Sahara loyalty program database into the lion’s “low roller walled garden,” Circus Circus Players Club. Which is pretty much what S&G expected … Continue reading
Blockbuster month in Pennsylvania; Resurgence in Atlantic City; Douchebag of the Decade
You want good news? We’ve got your good news right here: Casino revenues in Pennsylvania rocketed 24% last month. (35% if you include SugarHouse but that’s an apples-to-oranges metric.) Since, on a same-store basis, slot winnings were just slightly down, … Continue reading
Why is this man smiling? (And other Case Bets)
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