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Category Archives: Hard Rock Hotel
New life for the Trop?; Paragon’s latest trophy
David G. Schwartz muses on the brave, new world at the Tropicana Las Vegas — soon with 100% more Penn National Gaming. He assesses it as a win for both parties. Penn gets a foothold at a strategic crossroads on … Continue reading
Posted in Alex Yemenidjian, Baseball, Colony Capital, Columbia Sussex, Donald Trump, Entertainment, Hard Rock Hotel, history, M Resort, MGM Mirage, Penn National, Riviera, Sahara, Sheldon Adelson, Singapore, Station Casinos, The Strip, Transportation, Westgate LV
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Caesars quits Ohio; Adelson’s Iran problem
Caesars Entertainment‘s portfolio is lighter to the tune of two Ohio casinos and a racino. The beleaguered company sold its 20% in Horseshoe Cleveland, Horseshoe Cincinnati and ThistleDown Racino to majority shareholder Rock Ohio Ventures, giving Dan Gilbert full control … Continue reading
Posted in Dan Gilbert, GTECH, Hard Rock Hotel, Harrah's, IGT, International, Kentucky, Maryland, Ohio, Racinos, Regulation, Sheldon Adelson, Technology, Warner Gaming
2 Comments
Much ado about Harmon
After endless months of maneuvering and legal posturing, MGM Resorts International and Tutor Perini arrived at a settlement on what was to have been the opening day of an epic trial. (That’s seven weeks of jury selection down the drain.) The case … Continue reading
Posted in CityCenter, Current, Entertainment, Hard Rock Hotel, Harrah's, International, MGM Mirage, Morgans Hotel Group, The Strip, Wall Street
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Big Ease; The Mirage, 25 years later
Even with 19 non-tribal casinos and racinos to support, the Louisiana market continues to rebound. It was up 4% last month, with even 2% growth in the crowded Shreveport/Bossier City marketplace. El Dorado was the second-highest grosser and the percentage leader … Continue reading
Incompatible bedfellows; Freeman seizes the day
Boyd Gaming and MGM Resorts International have gone to bed with bwin.party but may wake up with Anaya Gaming Group. That’s one possible outcome of “preliminary discussions with a number of interested parties” and bwin. “Such discussions may or may not … Continue reading
Posted in Atlantic City, Boyd Gaming, Geoff Freeman, Hard Rock Hotel, International, Internet gambling, Iowa, Marketing, MGM Mirage, PokerStars, Regulation, Sports, Warner Gaming
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Most happy fella; Grumbling on the Boardwalk
Although Sheldon Adelson was laying covetous eyes upon the Meadowlands last week — and reiterating his risible drivel about the mystical power of brick-and-mortar casinos to deter problem gambling — for the time being Las Vegas Sands is upping its bet … Continue reading
Posted in Atlantic City, Carl Icahn, Dining, Glenn Straub, Hard Rock Hotel, Marketing, Pennsylvania, Problem gambling, Revel, Sam Nazarian, Sheldon Adelson, Singapore, The Strip, Trump Entertainment Resorts
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Atlantic City: Dim hopes and massive debts
Brookfield Property Partners, new owners of Revel is planning to get back into the casino wars in Atlantic City. “Revel is a brand-new trophy asset on the beachfront, which we are acquiring at a substantial discount to replacement cost. We are excited about … Continue reading
Revel: Straub loses
Bids are in for Revel and the white elephant goes to … Brookfield Asset Management, owner of the Hard Rock Hotel in Las Vegas. (The fund is obviously fond of problem children.) Brookfield’s winning bid was $110 million, leaving stalking-horse … Continue reading
Adelson vs. Loveman: Splitting the difference
“One of the things I’ve learned in this industry is we are extraordinarily competent at shooting at one another.” So said American Gaming Association President Geoff Freeman after getting caught in the crossfire over Internet gambling. So, as the industry … Continue reading
Massive tribal victory in SCOTUS; Bad day at Hard Rock?
We should probably brace ourselves for dramatic new interpretations of the Indian Gaming Regulatory Act, following a surprising Supreme Court decision. The State of Michigan had been trying to get rid of a Bay Mills Indian Community casino that was … Continue reading
Posted in Boyd Gaming, Culinary Union, Downtown, Hard Rock Hotel, Tribal, Warner Gaming
1 Comment
NIMBY in Massachusetts; Hard Rock goes local
Anti-gambling forces in Massachusetts gained an ally yesterday when attorney general candidate Maura Healey (D) came out against casinos and for the repeal of their enabling legislation. This puts her at odds with Attorney General Martha Coakley (D), who holds … Continue reading
Posted in Election, Golden Gaming, Hard Rock Hotel, Iowa, Marketing, Massachusetts, Penn National, Politics, Slot routes, Station Casinos, Technology, Warner Gaming
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Requiem for megaresorts?; Deferred deadline in Massachusetts
Is the megaresort era over? It had a pretty good run, from 1989 until the Great Recession. That’s a solid two decades. There are still one or two megaresort projects still out there, notably Genting Group‘s Resorts World Las Vegas. … Continue reading
Posted in Foxwoods, Genting, Hard Rock Hotel, Harrah's, IGT, Internet gambling, Massachusetts, MGM Mirage, Morgans Hotel Group, Neil Bluhm, Regulation
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Caesars’ big coup; Foxwoods site revealed
South Korea hasn’t opened its casino business to Western firms … until now. Caesars Entertainment, in partnernship with Hong Kong‘s Lippo Ltd. and OUE Ltd. from Singapore has won preliminary approval for a concession. The project is expected to cost … Continue reading
Posted in Foxwoods, Genting, Hard Rock Hotel, Harrah's, International, Kentucky, Macau, Massachusetts, Mississippi, Politics, Warner Gaming
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Through a looking glass, brightly
So much for my crystal ball. Two projects that I openly doubted are now close to fruition and a third is showing fitful signs of life. (Another, Howard Bulloch‘s Ferris wheel, appears to be being dismantled.) Yesterday, SLS Las Vegas … Continue reading
Posted in Alex Yemenidjian, Cannery Casino Resorts, Entertainment, Hard Rock Hotel, Harrah's, MGM Mirage, Planet Hollywood, Sahara, Sam Nazarian, The Strip, Tilman Fertitta, Tourism, Transportation
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Revel: Has Loveman gone insane?; East St. Louis gets the shaft
You’d think Caesars Entertainment had its hands full with four active casinos in Atlantic City and the defunct Atlantic Club Hotel. But no, CEO Gary Loveman is reported to be considering a bid for $2.6 billion Revel Resort, which Caesars … Continue reading
Posted in Atlantic City, Hard Rock Hotel, Harrah's, Illinois, Missouri, Racinos, Regulation, Revel
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Learning to love the Boardwalk again
In a surprising — but not unwelcome — turn of events two Philadelphia casino investors are looking at getting into Atlantic City. It’s amazing the effect legalized Internet betting can have. Business partners George Miller and Kevin Flynn own 0.5% … Continue reading
Better times are here
Las Vegas remains lumbered with journalistic dinosaur Sherman Frederick, a grumbling, blogging old fussbudget who predicts doom and gloom as he tucks into his stewed prunes every morning. I’ve never run across anybody who rooted against their home town so … Continue reading
Men of La Mancha; Delaware: Taxation without benefit
While the attempted boycott of his Venelazzo poker rooms fizzles, Sheldon Adelson continues to look overseas. However, his EuroVegas will be beaten to the punch, or so it appears. Rival project BCN World has the jump on him, at least … Continue reading
Siegel in Glitter Gulch? Down, but not out?
S&G contributor Jeff_in_OKC has been reading the entrails of the recent demise of the Gold Spike (which had seemed to be doing so much better under Spiegel Group) and sees cause for hope. Other nearby casinos weren’t slow to court … Continue reading
Posted in Current, Downtown, Hard Rock Hotel, Tamares Group
2 Comments
Tamares: The dead walk among us
Uh-oh. This is not good. Tamares Group is going to cease taking room bookings at the Vegas Club. In an ominous phrase, it’s “evaluating its options” for the hotel-casino, whose gambling floor and other amenities are but a pallid shadow … Continue reading