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Category Archives: Harrah's
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
Old Sixty Votes folds again; Butera’s blunder
Hey, Harry Reid, the casino industry called. It wants its money back. In all-too-predictable collapse, Old Sixty Votes threw in the towel on efforts to explicitly legalize online poker in the U.S. Since the issue is now dead for two … Continue reading
Explore the “Schtrip” …
… from the comfort of your desk. A new application, 3DLasVegas.com, provides a virtual flyover of Sin City. (Caution: You must have Google Earth installed in order to use the site.) The cyber-tour also includes a booking engine, a followup … Continue reading
Posted in Current, Downtown, Entertainment, Harrah's, Technology, The Strip, Tourism, Wall Street
1 Comment
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
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
They’re just wild about Harry
An Alexandra Berzon byline in the Wall Street Journal, picked up by Politico.com (and forwarded to S&G by reader Hpark4) makes it implicitly clear why the casino industry’s Job One during the recent election cycle was to keep Sen. Harry … Continue reading
Cosmo attempts suicide; a big (Para)bounce?
Maybe Union Gaming analyst Bill Lerner knew something the rest of us didn’t when he predicted the opening of The Cosmopolitan (aka “Osmopo”) would improve business for other high-end hotels on the Strip. After all, what could send New Year’s … Continue reading
What if Loveman spoke and nobody cared?
That’s pretty much what happened after the Caesars Entertainment CEO’s damp squib of a “keynote” (more like a footnote) address to the Global Gaming Expo faithful. The disorganized, sometimes incomprehensible jeremiad laid an Imperial Palace-sized egg. For instance, why aren’t … Continue reading
Posted in Cordish Co., Election, Harrah's, Maryland, Massachusetts, Ohio, Penn National, Politics
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Harrah’s: Furtive Friday
Two days after sending CEO Gary Loveman out to change the conversation by hollering at the assembled masses in an inchoate G2E address, Harrah’s Entertainment quietly scuttled that much-talked-about IPO, evidently for fear it would be under-subscribed. Since the stated … Continue reading
Posted in Current, G2E, Harrah's, Ohio, Pennsylvania, The Strip, Wall Street
4 Comments
‘Net betting: Wait til 2013 … or 2015 … or 2017 … or …
That was the consensus of a G2E panel that featured former California legislator Lloyd Levine, CNIGA Director of Government Affairs Jerome Encinas and Harrah’s Entertainment‘s top lobbyist, Jan Jones. With HR 2267 still several steps shy of passage and its … Continue reading
Posted in California, Current, Election, Florida, G2E, Harrah's, Harry Reid, International, Internet gambling, MGM Mirage, Politics, Sheldon Adelson, Taxes, The Strip, Tribal
3 Comments
Quote of the Day
“Anyone who attempts to shoot video on the show floor and is not accompanied by a G2E Press Representative will be escorted off the premises.” — the American Gaming Association, just rrrrrrrrrrrolling out that welcome mat for media covering Global … Continue reading
Posted in Current, G2E, Harrah's
3 Comments
Steve Wynn & the Half-Blood Princes; Harrah’s thinks ahead; rough road for Revel
Count Wynn Las Vegas President Andrew Pascal among the casualties of Steve Wynn‘s divorce from ex-wife Elaine Wynn. As of Monday, former nephew-in-law Pascal joined the ranks of Nevada‘s unemployed, ceding authority to Marilyn Winn. Pun opportunities aside, Winn’s sudden … Continue reading
Posted in Atlantic City, California, Current, Economy, Entertainment, Environment, George Maloof, Harrah's, Indiana, Macau, Missouri, Movies, Regulation, Station Casinos, Steve Wynn, The Strip, Tribal, Wall Street
4 Comments
What if they held an implosion and nobody came?
Tropicana Las Vegas CEO Alex Yemenidjian has played the publicity game very astutely of late. So it’s hard to imagine what he was thinking when he decided to implode a wing of low-rise hotel rooms in the dead of night … Continue reading
Posted in Alex Yemenidjian, Architecture, Current, Economy, Harrah's, Marketing, MGM Mirage, Ohio, The Strip
4 Comments
Sheldon Adelson, beard
Last week, S&G unearthed a contribution from self-professed “too liberal” Sheldon Adelson to flaming homophobe Rep. Michele Bachmann (R-MN). Turns out, she’s not the only apostle of intolerance with whom Adelson has crept under the covers. Last Sunday, the Las … Continue reading
Posted in Election, Harrah's, International, Macau, MGM Mirage, Midnight Jim Gibbons, Politics, Sheldon Adelson, Steve Wynn
8 Comments
Juice job of 2011
Harrah’s Entertainment and the AFL-CIO have collected the requisite 20,000 signatures to place its request for a publicly funded stadium out back of Imperial Palace (currently a vast, dark wasteland) before Nevada solons. CEO Gary Loveman would throw in some … Continue reading
Posted in Archon Corp., Economy, Election, Harrah's, Politics, Sports, Taxes, The Strip, Tourism
2 Comments
Harrah’s Lousiana Purchase?
According to an S&G source, Harrah’s Entertainment — soon to be Caesars Entertainment — is supposedly laying the groundwork for a purchase of L’Auberge du Lac from Pinnacle Entertainment. Harrah’s CEO Gary Loveman was supposedly on-property last month and L’Auberge’s … Continue reading
Posted in Atlantic City, Current, Harrah's, Louisiana, Mississippi, Pinnacle Entertainment, The Strip, Wall Street
2 Comments
Quote of the Day
“These bastards are so cheap they make Harrah’s look generous by comparison.” — an East Coast player’s complaint about Penn National Gaming‘s casinos.
Posted in Harrah's, Penn National
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Iowa is flat
Actually it’s not, if you’ve lived there (as I did for four wonderful years). However, Iowa‘s casino industry is, down one-tenth of a percent from October 2009. Actually, nine of the 17 non-tribal casinos recorded revenue increases, particularly the small … Continue reading
Big Gaming’s big win
When the dust settled — and did so quite quickly on Election night — GOP pollster Frank Luntz had it right and everybody else had it wrong. Instead of experiencing a fatal wound or even the electoral near-death experience of … Continue reading