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- If you can’t beat ’em, cheat ’em; Fun & games
- Pennsylvania soggy; Epic fail in North Carolina
- Sibella scandal spreads; Supremes forestall Seminoles
- Atlantic City rebounds; Sibella dumped; NFL suspicions
- MGM limping back; Atlantic City follies; Wall Street Jottings
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- MGM crippled; Illinois & Indiana report; Bally’s shaky in Chi
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- David McKee on You can’t fix stupid; Good-bad news on the bayou
- American Gaming Guru on You can’t fix stupid; Good-bad news on the bayou
- 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 - 57,736 views
- MGM paralyzed; DraftKings debacle; Mount Airy wins - 57,146 views
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Category Archives: Economy
Quote of the Day
“Las Vegas has always prospered by reinventing itself every few years, and sometimes we evolve into something that the public doesn’t yet know it wants.” — unnamed MGM Resorts International executive, defending CityCenter to George Knapp. The latter needs no … Continue reading
Posted in Architecture, CityCenter, Dining, Economy, Entertainment, MGM Mirage
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Oh little casino of Bethlehem
There’s a little something extra in the stockings of Pennsylvania casinos … a rather big something extra, actually. Keystone State casinos grossed 22% more than last November. Throw in a $15 million month at SugarHouse (below) and it’s a 31.5% … Continue reading
Posted in Economy, Harrah's, International, Neil Bluhm, Penn National, Pennsylvania, Planet Hollywood, Politics, Racinos, Sheldon Adelson, Tribal, TV, Wall Street
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‘Twere the Case Bets before Christmas
In the casino industry, everything was stirring, including the mice. Cordish’s revenge. It’s a dish best served by opening Cordish Gaming‘s controversial Arundel Mills gambling hall late next year with a temporary, one-year casino. That means karma comes early for … Continue reading
Posted in Alex Yemenidjian, Animals, Cordish Co., Current, Downtown, Economy, Entertainment, G2E, Harrah's, Internet gambling, Macau, Maryland, MGM Mirage, Minnesota, Ohio, Penn National, Pennsylvania, Politics, Racinos, Singapore, The Mob, The Strip, Tilman Fertitta, Tourism, Tribal, Wall Street
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Pea soup in Vegas; Robosaurus attacks the wrong target
If you’re thinking of coming to Las Vegas for Christmas, I have one word of advice: Don’t. For the past week, Sin City has been steadily blanketed in rain, with no end in sight. It’s just miserable. (Instead of trying … Continue reading
Morning in Vegas? Karma 2, Penn Nat’l 0
Having been burned by a few too many “false positives” in terms of economic recovery, S&G is loath to get anyone’s hopes up. (And some remain skeptical.) However, another room-rate survey from J.P. Morgan provides license for optimism. As you … Continue reading
Posted in Cosmopolitan, Economy, Election, Harrah's, Ohio, Penn National, Steve Wynn, Taxes, The Strip, Tourism, Wall Street
4 Comments
Betting on crime; Anniversary in Indiana
Last week’s big chip heist at Bellagio may have left MGM Resorts International with a smidgen of egg on its face but it’s not as though others in the gambling industry have failed to see the opportunity to make money. … Continue reading
Horseshoe Philadelphia goes into deep freeze
After four interminable years, that on-again/off-again casino project on the Philadelphia waterfront has been put out of its misery. Comcast‘s Ed Snider, his fellow juiced-in investors and putative savior Caesars Entertainment had the rug yanked from beneath them in a … Continue reading
Posted in Atlantic City, Charity, Current, Economy, Harrah's, Maryland, Pennsylvania, Politics, Regulation, Station Casinos, Steve Wynn, Tribal
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Ameristar: No Sale; Bad news for Caesars
It’s back to business as usual for Ameristar Casinos, whose board decided “a sale is not in the best interests of the Company and its stockholders at this time.” Which is a nice way of saying there’s no bidding war … Continue reading
Posted in Ameristar, Boyd Gaming, Economy, Harrah's, Iowa, Kansas, Macau, MGM Mirage, Pansy Ho, Penn National, Regulation, Sheldon Adelson, Stanley Ho, Station Casinos, Steve Wynn, Wall Street
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D-Day for Philadelphia
Investors in the stymied Foxwoods Philadelphia riverfront casino project have a date with the Pennsylvania Gaming Control Board on Thursday. That’s where they’ll make their last-ditch pitch to retain custody of the project. State legislators and other officials have voiced … Continue reading
Posted in Cosmopolitan, Current, Donald Trump, Economy, Harrah's, LVCVA, Marketing, MGM Mirage, Pennsylvania, Regulation, Steve Wynn, The Strip, Tourism, Tribal, Vdara Death Ray
1 Comment
Atlantic City’s future: “Bleak”
Such is the prognosis from J.P. Morgan analyst Joseph Greff after the November revenues rolled in from the Boardwalk. Basically, the double-edged sword that was table games in Pennsylvania and a casino in Philadelphia has swung, and lopped 12.5% off … Continue reading
Posted in Alaska, Atlantic City, Boyd Gaming, Carl Icahn, Colony Capital, Cretins, Current, Dennis Gomes, Donald Trump, Economy, Entertainment, Harrah's, Marketing, Morgans Hotel Group, Movies, Neil Bluhm, Pennsylvania, The Strip, Tilman Fertitta, Tourism, Tribal, Tropicana Entertainment, TV, Wall Street
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Case Bets: Caliendo, ColSux & Sixty Votes’ latest
After 14 months on the job as Monte Carlo‘s resident headliner, Frank Caliendo is calling it quits, effective some time next spring. The impressionist and Fox Sports regular cited having to spend time away from his family and the rigors … Continue reading
Posted in Columbia Sussex, Current, Economy, Election, Entertainment, history, Kentucky, Lake Tahoe, MGM Mirage, Politics, Sahara, Station Casinos, The Strip, Tribal, Wall Street
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Nevada: “Cautious optimism”
That’s how UNLV‘s gaming guru, Prof. David G. Schwartz, describes his reaction to the October revenue numbers, released today. The 11% autumnal bounce may be less notable for the fact that the Strip was up 16% than the fact that … Continue reading
Posted in Animals, Boulder Strip, Boyd Gaming, Cordish Co., Current, Downtown, Economy, history, International, Marketing, Mesquite, MGM Mirage, Pets, Regulation, Reno, Sheldon Adelson, Steve Wynn, Technology, The Strip, Tourism, Wall Street
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Quote of the Day
“The pie is finite. Gaming is subject to the same laws of economics as every other industry and I think legislators have a hard time understanding that.” — Bill Eadington, director of the Institute for the Study of Gambling & … Continue reading
Case Bets: Adelson vs. China; Cirque du Avatar? Indiana wallops Illinois
In a lengthy Asia Times dispatch, the reliable Muhammad Cohen runs through various scenarios about why the government of Macao would pull back two Cotai Strip™ sites from a ‘george’ investor like Las Vegas Sands. Since the acreage will probably … Continue reading
Cosmo rides the wave; Old Sixty Votes rides again
It may be $1.9 billion over budget and 2.5 years behind schedule but The Cosmopolitan appears to be hitting the market with perfect timing. That’s good news for the 5,000 employees who are furiously getting acclimated with the new megaresort. … Continue reading
Wanna buy a casino?
Call 1-877-612-8494 and you could be the next owner of a Colorado conversation-starter that’s sure to impress your friends.
2014 is the new 2007; Good news from Pennsylvania, Detroit
It will take Las Vegas seven years to return to its former prosperity. Or so concludes a new report from consulting firm PricewaterhouseCoopers, which sees casino revenue improving in late 2011 (in line with a Moody’s Investor Service report that … Continue reading
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
It’s beginning to look a lot like Crystmas
It’s that time of year again at Crystals, the place America shops when it has a sudden impulse to buy a Pucci handbag or some Balenciaga shoes. This month, The Island of Misfit Shops promises three new retailers (Stella McCartney, … Continue reading
Posted in CityCenter, Economy, Entertainment, MGM Mirage, The Strip
1 Comment