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- If you can’t beat ’em, cheat ’em; Fun & games
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- Atlantic City rebounds; Sibella dumped; NFL suspicions
- MGM limping back; Atlantic City follies; Wall Street Jottings
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- Ray Lebowski on Sibella scandal spreads; Supremes forestall Seminoles
- David McKee on Sibella scandal spreads; Supremes forestall Seminoles
- Ray Lebowski on Sibella scandal spreads; Supremes forestall Seminoles
- David McKee on MGM crippled; Illinois & Indiana report; Bally’s shaky in Chi
- Paul Shanahan on MGM crippled; Illinois & Indiana report; Bally’s shaky in Chi
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- MGM crippled; Illinois & Indiana report; Bally’s shaky in Chi - 57,757 views
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Category Archives: Economy
Leaving Las Vegas
At least 28,000 have done so over the two years-plus (probably more when you allow for the people still moving here). What are the likely consequences of Las Vegas‘ pegging its future on a one-trick economy? And is it going … Continue reading
Posted in Atlantic City, CityCenter, Current, Detroit, Economy, Election, Horseracing, Indiana, MGM Mirage, Ohio, Pennsylvania, Racinos, The Strip, Tourism, Tribal
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Case Bets: Reid, Goodman, Madison (Holly) & a kegger
As they say on Dancing with the Stars, in no particular order … Eight against Harry: For a speedy primer on the myriad challengers to Sen. Harry Reid (D-NV), you can't go wrong with Jon Ralston's droll and speedy primer. … Continue reading
Posted in Downtown, Economy, Election, Entertainment, Environment, Harry Reid, Oscar Goodman, Politics, Steve Wynn, Technology, TV
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Good times ahead?
New Yorker economic columnist James Surowiecki puts current consumer-spending strends in perspective — and what he finds should gladden the hearts of casino owners. Basically, he finds historical evidence the current tendency toward thriftiness will soon pass. Of course, when … Continue reading
Posted in Current, Detroit, Economy, Fontainebleau, Illinois, International, James Packer
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Leaving Las Vegas
At least 28,000 have done so over the two years-plus (probably more when you allow for the people still moving here). What are the likely consequences of Las Vegas‘ pegging its future on a one-trick economy? And is it going … Continue reading
Posted in Atlantic City, CityCenter, Current, Detroit, Economy, Election, Horseracing, Indiana, MGM Mirage, Ohio, Pennsylvania, Racinos, The Strip, Tourism, Tribal
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East Coast antics
Wrong again. There I was, thinking the proposed $10 million upfront fee for table games in Pennsylvania was a done deal when the GOP-controlled state Senate upped it to $15 million (and if you don’t pay by June 1, it … Continue reading
Posted in CityCenter, Economy, Entertainment, Environment, Harrah's, Horseracing, MGM Mirage, Penn National, Pennsylvania, Politics, Racinos, Steve Wynn, Taxes, The Strip, Tribal
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Case Bets: Reid, Goodman, Madison (Holly) & a kegger
As they say on Dancing with the Stars, in no particular order … Eight against Harry: For a speedy primer on the myriad challengers to Sen. Harry Reid (D-NV), you can't go wrong with Jon Ralston's droll and speedy primer. … Continue reading
Posted in Downtown, Economy, Election, Entertainment, Environment, Harry Reid, Oscar Goodman, Politics, Steve Wynn, Technology, TV
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Case Bets: California crisis, M cutbacks, "Guiding Light" in LV, etc.
Ist California kaput? That’s the question posed by the The Observer and it makes for troubling reading. If Gov. Jim Gibbons (R-NV) is right that tourism from California is the carotid artery of Nevada‘s economy, then the Silver State is … Continue reading
Posted in Alex Yemenidjian, California, Current, Dining, Economy, Entertainment, Harrah's, International, M Resort, Macau, Sheldon Adelson, Stanley Ho, Tourism, TV
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Case Bets: Corzine, Penn vs. MTR, Pinnacle, Manilow & strippers
Forbidden by New Jersey law from directly contributing to political campaigns, casino companies are making an end run through Virginia. Harrah’s Entertainment, Boyd Gaming and IGT are among those funneling campaign cash into a reverse version on the Underground Railroad. … Continue reading
Posted in Atlantic City, Boyd Gaming, Current, Economy, Election, Entertainment, Harrah's, Horseracing, IGT, Illinois, Iowa, Kansas, Louisiana, Ohio, Penn National, Pennsylvania, Pinnacle Entertainment, Politics, Regulation, The Strip
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$300 mil for F'bleau?
That’s the latest; namely, that Penn National Gaming will put down less than $300 million as a “stalking horse” bid on Fontainebleau. Penn would also be on the hook for the costs of the project’s bankruptcy proceedings. Potentially getting a … Continue reading
Posted in CityCenter, Economy, Fontainebleau, Harry Reid, James Packer, Macau, MGM Mirage, Penn National, Politics, Sheldon Adelson, Steve Wynn, The Strip, Wall Street
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Macao's blockbuster month
A flurry of good news to end the week, starting in Macao: September, the first month affected by a relaxation of severe visa restrictions imposed on the mainland, saw a 53% jump in Macanese gambling revenues. In terms of market … Continue reading
Posted in CityCenter, Current, Economy, Entertainment, James Packer, Lawrence Ho, Macau, Marketing, Melco Crown Entertainment, MGM Mirage, Sheldon Adelson, Stanley Ho, Steve Wynn, The Strip, Tourism
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Scarlett saved?!? & other Case Bets
Splendid news, lads (and lasses). Scarlett, Princess of Magic may return to the Riviera in nine months or a year … that is to say, whenever the economy eventually rebounds. This comes straight from Riv management. Of course, there's a … Continue reading
Posted in Donald Trump, Downtown, Economy, Entertainment, Environment, Fontainebleau, Penn National, Phil Ruffin, Riviera, The Strip, Tourism
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Trop, Sands purges continue
It’s official: “Pit Bull of Comedy” Bobby Slayton has snarled his last at the Tropicana Las Vegas. Thus endeth a brief, inauspicious reign by Anthony Cools over the Trop’s upstairs showroom. A well-placed source advises LVA that Beatles tribute show … Continue reading
Posted in Alex Yemenidjian, Architecture, Boyd Gaming, CityCenter, Cosmopolitan, Economy, Entertainment, Fontainebleau, George Maloof, Harrah's, MGM Mirage, Planet Hollywood, Station Casinos, The Strip, Tropicana Entertainment
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From the mailbag #7
Presumably foiled once again by the Comment-Eating Server, reader kerr_mudgeon writes: From the article about the A.C. contract settlement: "In his praise of the deal, Don Marrandino, the Eastern Division president of Harrah's, appeared to refer indirectly to tortured negotiations … Continue reading
Posted in Atlantic City, Downtown, Economy, Harrah's, Horseracing, Kentucky, Labor
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Case Bets: Wynn in Macao, "Peepshow" strips down
• Steve Wynn is accelerating his timetable for developing on the Cotai Strip™. If Wynn continues to learn from his early miscalculations (and I see no reason to expect otherwise), a gaming-centric Wynn Resorts property on Cotai is a far … Continue reading
Posted in California, Economy, Entertainment, Harry Reid, Macau, Planet Hollywood, Sheldon Adelson, Steve Wynn, Technology, The Strip, Tourism, Transportation
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Buy our casino, please!
Any well-furnished casino that doesn’t try to monetize its fine appointments is missing a revenue opportunity. However, it’s one thing to covet the lovely furnishings of, say, the Sky Lofts at MGM Grand. It’s quite another to check into a … Continue reading
Posted in Atlantic City, Economy, Harrah's, Marketing, Massachusetts, MGM Mirage, Station Casinos, Steve Wynn, The Strip, Tribal
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Quote of the Day
"With his ruddy nose, droopy eyes and imposing belly, the mayor might not be much of a looker, but the middle-aged woman behind the counter blushes, and tattooed men jump up from their brown leather armchairs and grin like schoolboys. … Continue reading
Posted in Downtown, Economy, International, Oscar Goodman, Tourism
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ColSux gets smacked (again)
In case you've wondered whether Columbia Sussex's endgame in its interminably protracted — and often preposterous — negotiations with the Culinary Union was to provoke a strike at the Tropicana Las Vegas, the company's actions elsewhere leave little doubt. (I … Continue reading
Posted in Alaska, Columbia Sussex, Economy, Labor, The Strip
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Penn hearts F'bleau … maybe
So the much-bruited suitor for stalled, bankrupt Fontainebleau has been "outed" and it's … Penn National Gaming. Ace reporter Alexandra Berzon, late of the Las Vegas Sun, broke the story. However, she notes that Penn and F'bleau have been dickering … Continue reading
Posted in Current, Detroit, Economy, Entertainment, Fontainebleau, Harrah's, MGM Mirage, Penn National, Planet Hollywood, The Strip
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Worst Trend Yet
This is the sort of bottom-feeding move you'd expect from Columbia Sussex but not from Hyatt. Suffice it to say that if casino-hotels try this cheapjack number in Atlantic City, Detroit or Las Vegas, there will be holy hell to … Continue reading
Posted in Atlantic City, Columbia Sussex, Current, Detroit, Economy, Entertainment, Labor, Tropicana Entertainment
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