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Category Archives: Harrah's
“Project Linq”
I’m not sure anybody but Gary Loveman could come up with such a preposterous handle as “Project Linq” (alas, not “Linc,” as in Clarence Williams III on the Mod Squad, although that would be pretty cool) for Harrah’s Entertainment‘s street … Continue reading
Posted in Archon Corp., Current, Economy, Election, Harrah's, Marketing, Massachusetts, Politics, Sports, Taxes, The Strip, Tourism, Wall Street, World Series of Poker
6 Comments
Meltdown at Hooters
Too many Las Vegas shows are afflicted with a lack of spontaneity (the Celine Dion/Franco Dragone snoozer A New Day was the worst offender in my experience). No such worries where Hooters Casino Hotel headliner Todd Paul is concerned. Last … Continue reading
Posted in Current, Entertainment, Harrah's, MGM Mirage, Regulation, The Strip
1 Comment
Aqueduct: Then there were three
As the contentious racino contract for Aqueduct Racetrack is rebid, the field has narrowed to three suitors, all of whom are in enviable cash positions. Penn National Gaming‘s bankroll has taken on Holy Grail status, Genting Bhd has a money-spinner … Continue reading
Posted in Atlantic City, California, Columbia Sussex, Cordish Co., Current, Election, Florida, Genting, Harrah's, history, Lake Tahoe, Maryland, Massachusetts, New York, Ohio, Penn National, Pennsylvania, Politics, Problem gambling, Racinos, Regulation, Reno, Taxes, Tribal
1 Comment
Penn’s door prize: toxic waste!
Penn National Gaming got a little something extra when it bought an old General Motors site for its Columbus, Ohio casino: 81 sites’ worth of toxic waste, so much sludge it takes 3,000 pages to catalog. Penn didn’t have to … Continue reading
Posted in Colony Capital, Current, Detroit, Election, Entertainment, Environment, Harrah's, Massachusetts, MGM Mirage, Ohio, Penn National, Politics, Racinos, Regulation, Sahara, Technology, The Strip, Tribal, TV
3 Comments
Still catching up in Margaritaville
Eight days of vacation have left me deep in the hole, research-wise, so I hope you’ll forgive the slender output of recent days whilst I plough through dozens — if not a hundred or more — of unread news stories, … Continue reading
Posted in Current, Economy, Harrah's, Mississippi, Sheldon Adelson, The Strip, Wall Street
Comments Off on Still catching up in Margaritaville
That giant flushing sound …
… you hear coming from the offices of Texas Pacific Group is a 46% writedown of its equity stake in Harrah’s Entertainment. As detailed in the Financial Times (registration req’d), $1.4 billion has turned into $759 million at the stroke … Continue reading
Posted in Current, Economy, Harrah's, James Packer, TV, Wall Street
1 Comment
Back from the North; Requiem for a President
My apologies to S&G readers for the prolonged silence whilst I was on vacation. It seems that wi-fi availability in the Upper Peninsula of Michigan is even spottier than I feared (although it makes a good excuse to head down … Continue reading
Posted in Detroit, Dining, Harrah's, Missouri, Pinnacle Entertainment, Regulation, Technology, The Strip, Tourism, Transportation, Tribal, WMS Industries
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Louisiana: the oil hits the fan
Forty days and nights of Deepwater Horizon put a stop to what looked like an incipient recovery in the Louisiana market. After being down 15% in January, revenue declines shallowed during the following three months (-6%, -5%, -1%). Then came … Continue reading
Posted in Boyd Gaming, Current, Economy, Environment, Harrah's, Louisiana, Pinnacle Entertainment, Tourism
3 Comments
Cool breeze from Macao; Harrah’s panty raid stymied
One of Stanley Ho‘s lieutenants has scanned the 2010 horizon and doesn’t like what he sees. Sociedade de Jogos de Macau division president Frank McFadden believes VIP play will soften in 3Q-4Q10, as stock-market losses take their toll (a viewed … Continue reading
That tricky Steve Wynn
As you probably saw on Twitter or LVA yesterday, Wynncore has quietly introduced a $20 “resort fee,” joining the parade of dishonor that includes practically everyone not named Harrah’s Entertainment or — believe it or not — Tamares Group. (Keeping … Continue reading
“Yer money’s no good here”
Update: The “does not accept money from casinos and unions” verbiage was reinstated late today. (It’s way, way, waaaaaaaaaaaaaay down at the bottom of the page. So why is “perception, by voters [of] undue pressure” by casinos a problem? Nevada‘s … Continue reading
Posted in Economy, Election, Harrah's, Harry Reid, Iowa, Isle of Capri, Movies, Penn National, Pennsylvania, Politics, Sheldon Adelson, Technology
5 Comments
Detroit sets pace for Vegas
Here’s PR blurb that just fell across the cyber-transom: Cosmopolitan of Las Vegas has signed a multi-product and systems agreement featuring sbX(TM), IGT‘s premier server based gaming solution; the majority floor share of games; plus an entire suite of IGT … Continue reading
Posted in CityCenter, Cosmopolitan, Detroit, Harrah's, history, IGT, MGM Mirage, Morgans Hotel Group, Technology, The Strip
1 Comment
Harrah’s still pining for Macao
While we’re on the subject of white elephants today, Harrah’s Entertainment still has a little boondoggle in Macao in the form of a $577 million golf course. Cornered by a reporter at G2E Asia, Harrah’s Asian viceroy, Michael Chen, conceded … Continue reading
Posted in CityCenter, Current, Dining, Economy, G2E, Harrah's, history, James Packer, Lawrence Ho, Macau, Melco Crown Entertainment, MGM Mirage, Movies, Pennsylvania, Regulation, Sports, The Strip, TV
2 Comments
Bargain-hunting at Harrah’s
But not in the way you might think … Harrah’s Entertainment is $557 million richer — which effectively amortizes the Planet Hollywood deal — after the swap of a 16% ownership stake to three investment firms for $1.2 billion in … Continue reading
“Yup, it’s in bad shape”
That’s what a correspondent wrote after seeing a ginormous photo of the sadly faded Paris-Las Vegas “balloon” marquee. For the grisly details click here. Planet Hollywood, this could be you. Just give it a few years. On the subject of … Continue reading
Blast from the past
If you look carefully, you can find this at the southwest corner of the UNLV campus: I can’t recall a time when this still served as a water feature — something that’s out of the question nowadays — and it … Continue reading
What is “brand equity”?
Isle of Capri execs break it down for us in this newly released video. Of course, the specific components of “brand equity” at Wynn Resorts would be quite different, as they would at Harrah’s Entertainment, etc. Isle was one of … Continue reading
Posted in CityCenter, Current, Economy, Harrah's, Isle of Capri, Marketing, Missouri, Sheldon Adelson, Steve Wynn, The Strip
4 Comments
I stand corrected
Kudos to the reader who caught my boo-boo regarding casinos built over interstate highways: Regarding a U.S. casino sitting astride a highway, please note that John Ascuaga’s Nugget in Sparks (outside of Reno) sits astride Interstate 80. He went on … Continue reading
Posted in Harrah's, Marketing, Midnight Jim Gibbons, Missouri, Phil Ruffin, Pinnacle Entertainment, Politics, Reno, The Strip, Tourism, Transportation, Wall Street
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So much news …
… so little time. East Coast casinos are stepping up their Asian-American marketing … and people are complaining? Don’t do it and you’re culturally insensitive. Do it and you’re predatory. This is one of those perception battles casinos will never … Continue reading
Harrah’s $1.5B Bratislava bet; Marina Bay Sands booms; Falcons swoop upon Hilton, etc.
With almost no exception other than The Newspaper That Shall Remain Nameless, a $1.85 billion Metropolis project headed up by Harrah’s Entertainment has flown completely under the radar of the U.S. media ever since its announcement last October. Oh, some … Continue reading