Category Archives: Economy

Do not resuscitate?

Most of us hew to the standard English-language definition of “fixation” (as in “I have a sudden fixation with actresss Crystal Chappell“). However, in Cirque du Soleil-speak, “fixation” means “damage repair.” To wit: Criss F. Angel vehicle Believe has been … Continue reading

Posted in Cirque du Soleil, Economy, Entertainment, MGM Mirage, Planet Hollywood, Riviera, Sports, Technology | Comments Off on Do not resuscitate?

From the mailbag #5: Vegas Club, football, Atlantic CIty

Reader herbop reports on the latest thrift move by Tamares Group: “While other Downtown hotels are installing in-room safes, and removing complaint-causing daily fees for same, the Vegas Club Hotel has pulled out the installed safes from its rooms. When … Continue reading

Posted in Atlantic City, Downtown, Economy, Entertainment, G2E, International, Sports, Tamares Group, Tilman Fertitta | Comments Off on From the mailbag #5: Vegas Club, football, Atlantic CIty

Blimps on the radar

Dipping into the dispatch box, S&G finds the following tidbits, courtesy of the nice people at J.P. Morgan: Alex Yemenidjian is serious about revamping the Tropicana Las Vegas. He's just inked a contract with Bally Technologies for a player-tracking system … Continue reading

Posted in Alex Yemenidjian, Atlantic City, Bally Technologies, CityCenter, Detroit, Economy, Lake Tahoe, Laughlin, LVCVA, Marketing, MGM Mirage, North Las Vegas, Reno, Sheldon Adelson, Station Casinos, The Strip, TV | Comments Off on Blimps on the radar

Green $hoots?

There's nothing like the approach of 2010's Global Gaming Expo to make Las Vegas hoteliers rethink their rates. For instance, if you want to stay at that palace of pleasure and plushness, the Plaza downtown, it'll run you $55 a … Continue reading

Posted in Downtown, Economy, G2E, Goldman Sachs, Harrah's, MGM Mirage, Tamares Group, The Strip, Tourism | Comments Off on Green $hoots?

Optimism in Macao, euphoria at CityCenter

Relaxation of stringent visa restrictions from Guangdong Province came a full four months sooner than expected, starting Sept. 1. Now, residents will be able to visit Macao once a month instead of quarterly. While this has prompted J.P. Morgan to … Continue reading

Posted in Ameristar, Architecture, Atlantic City, Bally Technologies, Boulder Strip, Boyd Gaming, California, CityCenter, Cordish Co., Current, Economy, Entertainment, IGT, Indiana, Kansas, Macau, MGM Mirage, Penn National, Pinnacle Entertainment, Planet Hollywood, Sheldon Adelson, Station Casinos, Technology, The Strip, Wall Street, WMS Industries | Comments Off on Optimism in Macao, euphoria at CityCenter

"Viva Elvis"

Yes, Viva Elvis will be the long-awaited, enshrouded-in-secrecy title of the Cirque du Soleil show scheduled to debut this December at CityCenter.* Wow, they must have had to really burn the midnight oil in Montreal to come up with that … Continue reading

Posted in Alex Yemenidjian, Cirque du Soleil, CityCenter, Cosmopolitan, Current, Economy, Entertainment, George Maloof, Goldman Sachs, Harrah's, Marketing, MGM Mirage, Planet Hollywood, Riviera, The Strip, Wall Street | Comments Off on "Viva Elvis"

Stat of the Day

Beloved by critics and bloggers, Encore is proving to be something of a millstone around the neck of Wynn Resorts. Average daily rates at 'Wynncore' are down 39% for the year to date, compared to a "mere" -25% at neighboring … Continue reading

Posted in Dining, Economy, Encore, Entertainment, Sheldon Adelson, Steve Wynn, The Strip | Comments Off on Stat of the Day

Abraca – OMFG!

Scarlett, Princess of Magic has settled into her new revue, Scarlett and her Seductive Ladies of Magic, which finally gives me a reason to encourage people to visit the Riviera. The video below is taken from Scartlett’s family-friendly V Theater … Continue reading

Posted in Animals, Dining, Economy, Entertainment, Goldman Sachs, MGM Mirage, Pets, Planet Hollywood, Regulation, Riviera | Comments Off on Abraca – OMFG!

Illinois does it again; Storm over CityCenter

A new law in Illinois that legalizes video poker statewide may have some unforeseen consequences. Namely, video gambling at truck stops throughout the Land of Lincoln. This represents a much bigger expansion than was originally sold to the public. Whenever … Continue reading

Posted in CityCenter, Current, Economy, Entertainment, Illinois, Iowa, MGM Mirage, Missouri, Wall Street | Comments Off on Illinois does it again; Storm over CityCenter

Economic recovery in sight?

Vegas casino F&B directors seem to think so. From our trusty LVA research department comes word that The Orleans and Mandalay Bay are ending their one-price-all-day buffet specials. Better/worse still, Palace Station is hiking the price of its buffet — … Continue reading

Posted in Boyd Gaming, CityCenter, Dining, Economy, Entertainment, MGM Mirage, Monte Carlo fire, Station Casinos, Taxes | Comments Off on Economic recovery in sight?

Just what the doctor ordered

With Eastern Division President Carlos Tolosa calling it a day, Harrah's Entertainment is dispatching Atlantic City native Don Marrandino to try and turn things around out there. (No word on whether the Alizma triplets will accompany him eastward.) Marrandino's portfolio … Continue reading

Posted in Atlantic City, Boyd Gaming, CityCenter, Current, Economy, Fontainebleau, Harrah's, MGM Mirage, The Strip | Comments Off on Just what the doctor ordered

Privé: behind the juice; Chucky vs. Jaws; Wynn pages Scalia

Had the Nevada Gaming Control Board not come down upon Planet Hollywood like a hod of bricks, it's entirely probable that Privé would still be up to its scofflaw antics. That's because Clark County has a long history of looking … Continue reading

Posted in Cannery Casino Resorts, Economy, Entertainment, Planet Hollywood, Regulation, Sports, Steve Wynn, The Strip, Tribal, TV | Comments Off on Privé: behind the juice; Chucky vs. Jaws; Wynn pages Scalia

Economic recovery in sight?

Vegas casino F&B directors seem to think so. From our trusty LVA research department comes word that The Orleans and Mandalay Bay are ending their one-price-all-day buffet specials. Better/worse still, Palace Station is hiking the price of its buffet — … Continue reading

Posted in Boyd Gaming, CityCenter, Dining, Economy, Entertainment, MGM Mirage, Monte Carlo fire, Station Casinos, Taxes | Comments Off on Economic recovery in sight?

Privé: behind the juice; Chucky vs. Jaws; Wynn pages Scalia

Had the Nevada Gaming Control Board not come down upon Planet Hollywood like a hod of bricks, it's entirely probable that Privé would still be up to its scofflaw antics. That's because Clark County has a long history of looking … Continue reading

Posted in Cannery Casino Resorts, Economy, Entertainment, Planet Hollywood, Regulation, Sports, Steve Wynn, The Strip, Tribal, TV | Comments Off on Privé: behind the juice; Chucky vs. Jaws; Wynn pages Scalia

Reality check

It's sackcloth-and-ashes time at the Las Vegas Review-Journal, which ran another "The end is nigh" story about falling gambling revenues. (The Aliante Station Effect appears to have petered out in North Las Vegas.) Yes, we're all the way down, down, … Continue reading

Posted in Boulder Strip, Boyd Gaming, Current, Downtown, Economy, Harrah's, Marketing, MGM Mirage, Michael Gaughan, North Las Vegas, Station Casinos, Taxes, The Strip, Tourism, Wall Street | Comments Off on Reality check

Greek Isles sold, few care

Vegas' hardest-luck casino changed hands … again. Short of another irrational spike in off-Strip land valuations, Canpartners Realty Holding Co. IV LLC is never going to see its $67 million again. The Greek Isles is in a dead zone, a … Continue reading

Posted in Boyd Gaming, Economy, Encore, Entertainment, Morgans Hotel Group, Politics | Comments Off on Greek Isles sold, few care

Colony Capital strikes (out) again; Big Bleauh

Despite taking a 22% gouge out of expenses, Colony Capital and its Goldman Sachs sidekicks managed to convert a 2Q08 profit to a $10.5 million 2Q09 loss. Revenues were down $30 million (or 40%), half of that from diminished room … Continue reading

Posted in Atlantic City, Boyd Gaming, Colony Capital, Current, Economy, Fontainebleau, Genting, Harrah's, Laughlin, Mesquite, Penn National, Planet Hollywood, Sheldon Adelson, Singapore, Steve Wynn, The Strip | Comments Off on Colony Capital strikes (out) again; Big Bleauh

Saving money? Buy the Trop!

If you're looking for a bargain on the Strip, what about buying the Tropicana Las Vegas? The Las Vegas Review-Journal found that Onex Corp. got $440 million worth of equity (or a 61% share) for a Filene's Basement price of … Continue reading

Posted in Alex Yemenidjian, Columbia Sussex, Current, Economy, Illinois, MGM Mirage, Phil Ruffin, Pinnacle Entertainment, The Strip | Comments Off on Saving money? Buy the Trop!

Saving money? Buy the Trop!

If you're looking for a bargain on the Strip, what about buying the Tropicana Las Vegas? The Las Vegas Review-Journal found that Onex Corp. got $440 million worth of equity (or a 61% share) for a Filene's Basement price of … Continue reading

Posted in Alex Yemenidjian, Columbia Sussex, Current, Economy, Illinois, MGM Mirage, Phil Ruffin, Pinnacle Entertainment, The Strip | Comments Off on Saving money? Buy the Trop!

I was just saying …

… to a colleague that, given Atlantic City‘s dismal July numbers, a plea for governmental assistance had to be just ’round the corner. Well, whaddya know? In at least five instances, Atlantic City’s casinos are run by companies that just … Continue reading

Posted in Atlantic City, Boyd Gaming, Carl Icahn, Colony Capital, Current, Donald Trump, Economy, Harrah's, MGM Mirage, Tropicana Entertainment | Comments Off on I was just saying …