Category Archives: Harrah's

CityCenter dodges bullet

Morton Grove, IL. Lying low while Black Friday sweeps Chicagoland … You will remember that, when CityCenter teetered upon the brink of bankruptcy earlier this year, it was saved by a compromise that put the onus on MGM Mirage for … Continue reading

Posted in Ameristar, Atlantic City, Cirque du Soleil, CityCenter, Current, Don Barden, Economy, Entertainment, Harrah's, IGT, Illinois, Indiana, International, Kansas, MGM Mirage, Ohio, Penn National, Regulation, WMS Industries | 4 Comments

Now *this* is a scandal

During the early years of tribal gaming expansion, Native Americans had to go to Malaysia and South Africa for their startup capital — and it came at a hefty cost. Now Mohegan Sun is reeling from the delayed effects of … Continue reading

Posted in Boulder Strip, Boyd Gaming, CityCenter, Economy, Harrah's, International, Isle of Capri, MGM Mirage, New York, Racinos, Regulation, Sheldon Adelson, Station Casinos, Steve Wynn, Technology, The Strip, Tourism, Tribal | 3 Comments

Quote of the Day

“I’m in Paris.” — woman on cellphone, talking to a friend (presumably) while walking through Paris-Las Vegas. No, ma’am, you’re at Paris, not in it … unless your sense of geography is fantastically poor.

Posted in Harrah's, The Strip | Comments Off on Quote of the Day

Station vs. Richfield; Operation Showgirl; The Wayner, etc.

What made 130+ houses (and a clutch of apartment buildings) behind Palace Station so important that Station Casinos — currently busy sweating video poker play — was paying three and four times market value during a period when the Las … Continue reading

Posted in Alex Yemenidjian, Archon Corp., Current, Economy, Harrah's, Harry Reid, Marketing, Politics, Station Casinos, TV | 8 Comments

Case Bets: Strippers, Tomlin & no water in Macao

Being still deeply enmeshed in CityCenter-related materials (Kirvin Doak must be getting paid by the word, judging from the plethora of press releases it’s generated), I have to be a hit-and-run blogger today. Can’t go to the strip club? No … Continue reading

Posted in Current, Entertainment, Environment, Harrah's, James Packer, Lawrence Ho, Macau, Marketing, Melco Crown Entertainment, MGM Mirage, Sheldon Adelson, The Strip, Tourism, TV | Comments Off on Case Bets: Strippers, Tomlin & no water in Macao

Strip bottoming out

September’s Nevada gaming revenue numbers are in and the good news is that the Strip is only -4% year/year. (Strip revs were down all of ’08 but didn’t fall off the cliff until October, when they tumbled 26%.) This makes … Continue reading

Posted in Aristocrat, Boulder Strip, Boyd Gaming, Columbia Sussex, Current, Economy, G2E, Harrah's, Herbst Gaming, International, Isle of Capri, Macau, Mesquite, Ohio, Reno, Sheldon Adelson, Stanley Ho, Station Casinos, Steve Wynn, The Strip, Tourism, Transportation, Wall Street | Comments Off on Strip bottoming out

Shows! Shows! Shows!

Another clutch of reviews by Yr. Humble Blogger has appeared on TheWizardOfVegas.com, though my notes on the current Wayne Newton fiasco at the Tropicana Las Vegas are of such dubious legibility that they may never see the light of day. … Continue reading

Posted in Entertainment, George Maloof, Harrah's, MGM Mirage, The Strip | 6 Comments

Trouble in River City

In a shocking development that’s bound to set tongues a-wagging, Pinnacle Entertainment CEO Dan Lee has “resigned to pursue other business interests” (industry-speak for “Don’t let the doorknob hit you in the butt”). The buzz is that Pinnacle’s strategy was … Continue reading

Posted in Atlantic City, Boyd Gaming, Columbia Sussex, Current, Economy, Fontainebleau, Harrah's, Louisiana, Missouri, Pinnacle Entertainment, Planet Hollywood, Politics, Regulation, Station Casinos | 8 Comments

Best idea of the week … or year

From our Today’s News feed: “Until now, MGM Mirage exercised a policy of having each property in the group compete with the others, as if they were totally independent competing entities. It was a strategy designed to keep salespeople ‘on … Continue reading

Posted in California, CityCenter, Current, Economy, Entertainment, Environment, Harrah's, Marketing, MGM Mirage, Ohio, Penn National, Plaza, Steve Wynn | 2 Comments

The evils of bingo; Wynn’s Aqueduct exit

America’s sixth-largest casino is in rural Alabama and it commands hotel prices comparable to CityCenter. Its 6,400 Class II devices mean that VictoryLand (above) is one gargantuan e-bingo hall. Due to the state’s patchwork set of laws, e-bingo is legal … Continue reading

Posted in Alabama, Cretins, Current, Economy, Harrah's, International, Isle of Capri, Louisiana, New York, Pinnacle Entertainment, Politics, Racinos, Singapore, Steve Wynn, Taxes | 1 Comment

Much ado about something?

Vive le Roi! After much coy hugger-mugger, Cirque du Soleil has just announced the name of its Aria show is … wait for it, people … Viva Elvis. (I cannot decide if the uninspired logo, which looks like a Ronco … Continue reading

Posted in Cirque du Soleil, CityCenter, Current, Encore, Entertainment, Harrah's, Missouri, Pinnacle Entertainment, Regulation, Steve Wynn, The Strip | 1 Comment

Wynn bails on N.Y.

As they come into the backstretch on the bidding for a racino at New York‘s Aqueduct Racetrack, one contender has pulled out of the race: Steve Wynn. Did he balk at the $200 million upfront fee? Penn National Gaming basically … Continue reading

Posted in Current, Downtown, Economy, Florida, Harrah's, Macau, MGM Mirage, New York, Racinos, Regulation, Sheldon Adelson, Stanley Ho, Steve Wynn, Tilman Fertitta, Transportation, Tribal, Wall Street | Comments Off on Wynn bails on N.Y.

The Dollar Bills strike again; caution at IGT

Those masters of quality on a budget, Millennium Gaming CEOs William Paulos and William Wortman have found a new target of opportunity: New Hampshire. Using the Rockingham Park horse track as their base of operations, the Dollar Bills are helping … Continue reading

Posted in Cannery Casino Resorts, CityCenter, Economy, Harrah's, IGT, Massachusetts, Racinos, Technology, Wall Street | 1 Comment

Case Bets: CityCenter, Boyd odyssey, Massachusetts & the “Admiral”

There’s continued apprehension about MGM Mirage‘s $8.5 billion, 7,200-unit CityCenter, especially now that hotel rooms there are going for less than ones at either the Venetian or Encore. (Thinking positively: Who knew CityCenter was going to be so affordable?) Business … Continue reading

Posted in Architecture, Boyd Gaming, CityCenter, Current, Economy, Encore, Harrah's, Kansas, Massachusetts, MGM Mirage, Missouri, Ohio, Pennsylvania, Pinnacle Entertainment, Sheldon Adelson, The Strip, Tourism, Wall Street | 8 Comments

From the mailbag #10

I’m no longer a regular viewer of CSI, but someone who is spotted a glaring anachronism in the most recent episode: “Did anyone else notice the old (aka early 90s) nighttime air shot of the Strip?  It showed the old … Continue reading

Posted in Harrah's, The Strip, TV | 1 Comment

They’re just wild about Harry

Despite his (at best) tepid standing with the Nevada electorate — whether the right or the left — Sen. Harry Reid (D) has almost every important name in the casino industry in his corner. Sheldon Adelson may yet choose to … Continue reading

Posted in Archon Corp., Cordish Co., Economy, Election, Entertainment, Harrah's, Harry Reid, International, Macau, Maryland, MGM Mirage, Pennsylvania, Politics, Regulation, Sheldon Adelson, Singapore, Station Casinos, Steve Wynn, Taxes, TV, Wall Street | Comments Off on They’re just wild about Harry

Case Bets: Pinnacle, Pennsylvania, Harrah’s & Sands

Third quarter at PNK: 3Q09 numbers are out for Pinnacle Entertainment and the comparisons cover the spectrum from very good (Lumiere Place up 19%), good (+5% at L’Auberge du Lac) and lousy (-13% aboard Boomtown New Orleans). Once a free-spending … Continue reading

Posted in Ameristar, Atlantic City, Current, Detroit, Economy, Harrah's, Louisiana, Macau, Marketing, Missouri, Pennsylvania, Pinnacle Entertainment, Problem gambling, Sheldon Adelson, Taxes, Tribal, Wall Street | 2 Comments

Signs of the Times

Oh, how I wish I’d had the presence of mind to snap a photo of the Tropicana Las Vegas marquee last night. It reads, in part: WAYNE NEWTON Once Before I Go NOW The concluding imperative makes the sign look … Continue reading

Posted in Alex Yemenidjian, Current, Economy, Entertainment, Harrah's, International, The Strip, TV | 6 Comments

Loveman’s Folly

Back when Harrah’s Entertainment was surrendering to the cold, clammy embrace of Texas Pacific Group and Apollo Management, the bean counters assured CEO Gary Loveman that Harrah’s could carry almost $30 billion in debt and sustain a 20% revenue decrease. … Continue reading

Posted in Current, Economy, Harrah's, Wall Street | Comments Off on Loveman’s Folly

Adieu F-bleau, hello Hollywood?

Look what just fell into the S&G mailbag: Beginning January 1, 2010 Penn National Gaming will partner with RPM Advertising to develop and execute a brand identity for Hollywood Casinos.  The full service assignment will incorporate research, brand development, media … Continue reading

Posted in Alex Yemenidjian, Boyd Gaming, CityCenter, Current, Donald Trump, Economy, Entertainment, Fontainebleau, Harrah's, Marketing, MGM Mirage, Penn National, Sheldon Adelson, Station Casinos, Steve Wynn, The Strip, TV | 1 Comment