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Recent Posts
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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
- On and off the radio
- MGM crippled; Illinois & Indiana report; Bally’s shaky in Chi
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- Alice Eskandari on Durango Station, slightly downsized
- 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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- You can’t fix stupid; Good-bad news on the bayou - 56,269 views
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- MGM crippled; Illinois & Indiana report; Bally’s shaky in Chi - 57,738 views
- MGM paralyzed; DraftKings debacle; Mount Airy wins - 57,147 views
- MGM limping back; Atlantic City follies; Wall Street Jottings - 56,782 views
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Category Archives: Economy
Quote of the Day
“We believe there are a lot of distressed casinos across the country that have attractive assets. We would like to be an acquirer of those assets.” — incoming Trump Entertainment Resorts CEO Robert F. Griffin. Try not to laugh.
Posted in Atlantic City, Current, Donald Trump, Economy
3 Comments
Wynndia?
What do you do if you’re Steve Wynn and you blew it in Singapore? Leapfrog to feeder market India and plant the idea of ‘integrated resorts’ there, what else? Below is the feature-length (45 minutes) version of the interview, which … Continue reading
Posted in Economy, Internet gambling, Macau, Steve Wynn, Tourism, TV
Comments Off on Wynndia?
Last-minute election tidbits: Ohio & California
Prospects for expansion of VLT gambling to the Buckeye State’s racetracks are looking slightly better now that Ohio Gov. Ted Strickland has inched his way back into contention with GOP rival Jon Kasich (left). The personable Kasich is a difficult … Continue reading
Posted in California, Economy, Election, Environment, Harrah's, Ohio, Penn National, Politics, Racinos, Regulation, Sports, Station Casinos, Texas, Tribal
6 Comments
Murren: I heart CityCenter; Wynn: I heart China; Angle: I heart Latinos … plus Boyd’s new fragrance
MGM Resorts International and old ball and chain Dubai World have consummated a deal to extend $1.8 billion in CityCenter loans, a reworking that MGM CEO Jim Murren calls “a capital structure that’s much more … in keeping with a … Continue reading
Quote of the Day
“I’m completely sick and tired of thinking about what took place behind me. We’re ecstatic to be out of bankruptcy with new ownership. We’re well capitalized. I’ll be damned if we’re going to see this thing fail.” — Tropicana Casino … Continue reading
Posted in Atlantic City, Carl Icahn, Columbia Sussex, Current, Economy, Tropicana Entertainment
1 Comment
F-blew: The incredible bulk
A friend of S&G was recently staying at Wynncore and got this rude surprise when he looked out his north-facing window: No, somebody didn’t topple the Stratosphere in the dead of night. So immense is the unfinished hulk of Fontainebleau … Continue reading
Posted in Architecture, Carl Icahn, Economy, Encore, Fontainebleau, Goldman Sachs, history, Planet Hollywood, Steve Wynn, The Strip
6 Comments
Galaxy Cotai postponed; MGM stages a comeback
It’s not official but, seeing as two top executives at the Macao megaresort (including its COO) just got the chop, it appears pretty likely. A project that was expected to open in late March of next year now looks as … Continue reading
Quote of the Day
“Far from being a threat, Canada is a major contributor to economic prosperity in your state. More than 1.3 million visitors from Canada visited Nevada in 2009, creating tens of thousands of jobs, and Canada-Nevada trade totalled [sic] more than … Continue reading
Posted in Economy, Election, International, Tourism
9 Comments
Lower gaming taxes in Nevada?
It’s conceivable. And, if former Nevada Gaming Commission Chairman Brian Sandoval (left) gets his wish, it’s justifiable. So let S&G be first to put that idea into play. Since Sandoval’s “home rule” proposal would address Nevada‘s budget deficit by simply … Continue reading
Posted in CityCenter, Economy, Election, Midnight Jim Gibbons, Oscar Goodman, Politics, Steve Wynn, Taxes, The Strip
3 Comments
Suicide Sharron; Gossy-ness is back; Borgata’s buyer unmasked
Sharron Angle‘s latest kamikaze dive into the CityCenter aircraft carrier has sparked quite a bit of discussion in the S&G “Comments” threads. A couple of things spring to mind. One, if she is now alleging that MGM Resorts International imported … Continue reading
Harrah’s on new spending spree
As predicted and dreaded by skeptical bond analysts, proceeds from Harrah’s Entertainment‘s semi-IPO of 17% of the company, it has been officially disclosed, will be rolled into retail therapy for CEO Gary Loveman. An anticipated $575 million will be used … Continue reading
Posted in Colony Capital, Current, Economy, Entertainment, Fontainebleau, George Maloof, Harrah's, Ohio, Penn National, Pennsylvania, Regulation, The Strip, TV, Wall Street
1 Comment
Dr. Loveman on the case; Death Ray designer stays mum
Confronted with an anemic patient — i.e., the Las Vegas Strip — attending physician Gary Loveman, Ph.D, has been prescribing a series of stimuli. (Possibly the only “economic stimulus” that all Americans can support.) Since customers are spending more selectively, … Continue reading
Posted in Architecture, CityCenter, Current, Dining, Economy, Entertainment, Harrah's, Marketing, MGM Mirage, Riviera, Steve Wynn, The Strip, Tourism, Vdara Death Ray
7 Comments
Quote of the Day
“Blame for Nevada’s problems should be distributed around the state—not to the congressional delegation, but to governors and legislators from both parties who have relied on gaming revenue and federal projects. Not only have Democrats and Republicans alike done nothing … Continue reading
Posted in Economy, history
2 Comments
Macao: The fine art of spin
No wonder Steve Wynn and Sheldon Adelson love it in China. Where else are you going to find such a compliant media, able to extract a silver lining from the darkest of clouds. For instance, “cost overruns” are something that … Continue reading
Posted in Current, Economy, Harrah's, James Packer, Lawrence Ho, Macau, Melco Crown Entertainment, MGM Mirage, Pansy Ho, Politics, Regulation, Sheldon Adelson, Stanley Ho, Steve Wynn
Comments Off on Macao: The fine art of spin
Kerkorian’s mixed message; Winners & Losers
Earlier this week, Hudson Securities analyst Robert LaFleur — something of a maverick in the gaming sector — voiced doubts about MGM Resorts International‘s ability to sustain its debt covenants. With an overhang of $13 million in debt, few properties … Continue reading
Posted in Atlantic City, Boyd Gaming, CityCenter, Current, Detroit, Economy, Harrah's, International, Louisiana, M Resort, Macau, MGM Mirage, Morgans Hotel Group, Neil Bluhm, Ohio, Penn National, Pennsylvania, Pinnacle Entertainment, Reno, Sheldon Adelson, The Strip, Tourism, Tribal, Vdara Death Ray, Wall Street
4 Comments
Quote of the Day
“Your political schizophrenia [sic] in this situation is a perfect example of the business-as-usual approach on the part of many insiders in today’s political world. Your desire to have it both ways entirely ignores any notion of honest, integrity-based positions … Continue reading
Posted in Current, Economy, Election, Harry Reid
1 Comment
Singapore: Our whales lose more than your whales!
Think you’re so big, Las Vegas? Well, Singapore just went all “In your face” on Sin City. One area tycoon recently blew $50 million at Marina Bay Sands and/or Resorts World Sentosa. Not to be outdone, a Singaporean zillionaire dropped … Continue reading
Atlantic City: It could have been worse; Hard Rock changes its tune
OK, so September’s numbers from Atlantic City only represent one month of competition from SugarHouse, in Philadelphia. However, with every other casino in Pennsylvania having enjoyed two full months of table games, a 12% dropoff isn’t as bad as I … Continue reading
Celebrity justice; Harrah’s goes to the dogs
As you all probably know by now, Palms owner George Maloof was busted on a DUI last weekend. Under any other circumstances, it would be endearing to learn that the generally unassuming Maloof doesn’t have himself chauffeured about town. Lack … Continue reading
Quote of the Day
“We are no longer the nation that used to amaze the world with its visionary projects. We have become, instead, a nation whose politicians seem to compete over who can show the least vision, the least concern about the future … Continue reading
Posted in Current, Economy, New York
2 Comments