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- David McKee on Sibella scandal spreads; Supremes forestall Seminoles
- Ray Lebowski on Sibella scandal spreads; Supremes forestall Seminoles
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Category Archives: Harrah's
From the mailbag #4: California, tech troubles & 'resort fees'
Reader Kerr Mudgeon is less than amused by a recent dig at the cuisine offered by Commerce Casino to California firefighters. He writes: "The firefighters can go to numerous other nearby eateries if they don't like the FREE meals offered … Continue reading
Posted in Boulder Strip, Boyd Gaming, California, Current, Harrah's, Marketing, MGM Mirage, Morgans Hotel Group, Planet Hollywood, Sheldon Adelson, Station Casinos, Steve Wynn, Technology, The Strip, Tourism
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Green $hoots?
There's nothing like the approach of 2010's Global Gaming Expo to make Las Vegas hoteliers rethink their rates. For instance, if you want to stay at that palace of pleasure and plushness, the Plaza downtown, it'll run you $55 a … Continue reading
Posted in Downtown, Economy, G2E, Goldman Sachs, Harrah's, MGM Mirage, Tamares Group, The Strip, Tourism
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"Viva Elvis"
Yes, Viva Elvis will be the long-awaited, enshrouded-in-secrecy title of the Cirque du Soleil show scheduled to debut this December at CityCenter.* Wow, they must have had to really burn the midnight oil in Montreal to come up with that … Continue reading
Posted in Alex Yemenidjian, Cirque du Soleil, CityCenter, Cosmopolitan, Current, Economy, Entertainment, George Maloof, Goldman Sachs, Harrah's, Marketing, MGM Mirage, Planet Hollywood, Riviera, The Strip, Wall Street
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No more "free" play?; Sahara sleaze; Donny & Tina; Criss F. Angel
In a decision that could have wide-ranging implications, Foxwoods Casino Resort and Mohegan Sun have been ordered to count (and pay taxes on) “free play” coupons as though they were revenue. This isn’t a sock-it-to-the-players move like the one the … Continue reading
Posted in Cirque du Soleil, Current, Dining, Entertainment, Harrah's, Illinois, MGM Mirage, Sahara, Taxes, The Strip, Tribal, TV
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Chintz thy name is …
… Harrah's Entertainment. We've just returned from the formal opening of Matsuri. The 8 p.m. show started at 8:16, due in no small part to the fact that the Imperial Palace had one usher working the entire showroom. One showroom. … Continue reading
Posted in Cirque du Soleil, Current, Entertainment, Harrah's, The Strip
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Colony Capital comedy
Having borrowed money to buy the Las Vegas Hilton five years ago at a dirt-cheap $200 million, Colony Capital — those financial wizards — borrowed $250 million more to retire the first loan. (Does Colony intend to pay off the … Continue reading
Posted in Boyd Gaming, Colony Capital, Fontainebleau, Harrah's, LVCVA, Penn National, Phil Ruffin, Plaza, Regulation, Steve Wynn
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Just what the doctor ordered
With Eastern Division President Carlos Tolosa calling it a day, Harrah's Entertainment is dispatching Atlantic City native Don Marrandino to try and turn things around out there. (No word on whether the Alizma triplets will accompany him eastward.) Marrandino's portfolio … Continue reading
Posted in Atlantic City, Boyd Gaming, CityCenter, Current, Economy, Fontainebleau, Harrah's, MGM Mirage, The Strip
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Reality check
It's sackcloth-and-ashes time at the Las Vegas Review-Journal, which ran another "The end is nigh" story about falling gambling revenues. (The Aliante Station Effect appears to have petered out in North Las Vegas.) Yes, we're all the way down, down, … Continue reading
Posted in Boulder Strip, Boyd Gaming, Current, Downtown, Economy, Harrah's, Marketing, MGM Mirage, Michael Gaughan, North Las Vegas, Station Casinos, Taxes, The Strip, Tourism, Wall Street
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Colony Capital strikes (out) again; Big Bleauh
Despite taking a 22% gouge out of expenses, Colony Capital and its Goldman Sachs sidekicks managed to convert a 2Q08 profit to a $10.5 million 2Q09 loss. Revenues were down $30 million (or 40%), half of that from diminished room … Continue reading
Posted in Atlantic City, Boyd Gaming, Colony Capital, Current, Economy, Fontainebleau, Genting, Harrah's, Laughlin, Mesquite, Penn National, Planet Hollywood, Sheldon Adelson, Singapore, Steve Wynn, The Strip
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Kitty rescue at Caesars; Stingy Station
As we were driving to LVA HQ this morning, we spotted a disoriented-looking little cat running through the Flamingo Rd./I-15 interchange, across from Caesars Palace. We were in a quandary about what to do until it turned and started ambling … Continue reading
Posted in Animals, Architecture, Cirque du Soleil, CityCenter, Current, Dining, Entertainment, Harrah's, Marketing, MGM Mirage, Pets, Station Casinos, The Strip
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I was just saying …
… to a colleague that, given Atlantic City‘s dismal July numbers, a plea for governmental assistance had to be just ’round the corner. Well, whaddya know? In at least five instances, Atlantic City’s casinos are run by companies that just … Continue reading
Posted in Atlantic City, Boyd Gaming, Carl Icahn, Colony Capital, Current, Donald Trump, Economy, Harrah's, MGM Mirage, Tropicana Entertainment
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Case Bets: Ohio, Trump, Fahrenkopfian outrage
With racinos a done deal in Ohio, a suddenly frisky Harrah’s Entertainment is shopping around for a Cleveland-area track. If anything, I’m surprised competing companies haven’t beaten Harrah’s to the punch, but it seems to have sucker-punched its rivals. Good … Continue reading
Posted in Atlantic City, Cordish Co., Donald Trump, Harrah's, Labor, Maryland, Ohio, Wall Street
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Adelson bombing in Pennsylvania; RoboPoker returns; Dissent over Wynn
Both the opening of Sands Bethlehem, and recent expansions of Meadows Racetrack & Casino (+29%) and Mohegan Sun at Pocono Downs (+21%) drove an 18.5% increase in slot revenue this July. With $19.6 million in gross revenue, Sands was only … Continue reading
Posted in Australia, Cannery Casino Resorts, Harrah's, Macau, Pennsylvania, Reno, Sheldon Adelson, Steve Wynn, Technology, Tribal, Wall Street
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"You can't bring that sword in here!"
Some do-it-yourself ninja got busted sneaking a samurai sword into Casino Rama, in Ontario. As far as exotic weaponry on the casino floor, S&G thinks this takes the prize. The not-so-great ATM caper. Both Wired.com and the Christian Science Monitor … Continue reading
Posted in Animals, Harrah's, Horseracing, Riviera
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Bare-knuckle Boardwalk brawl
“Leaky windows. Broken air-conditioning. Missing kitchen equipment. A weather-beaten building … It also has missing kitchen equipment and broken air-conditioning units that have left guest rooms hot and unrentable. Further, it is plagued by a leaky roof, windows and skylights … Continue reading
Posted in Atlantic City, Donald Trump, Economy, Harrah's, MGM Mirage, Silverton, The Strip, Tropicana Entertainment
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Case Bets: Hard Rock, Puck, Station, Greek Isles
Morgans Hotel Group has never seemed able to make up its mind about what to do with the Hard Rock Hotel & Casino (one of the stranger acquisitions of recent years). Then-CEO Ed Scheetz came in talking big about classing … Continue reading
Posted in Architecture, Colony Capital, Current, Dining, Economy, Entertainment, Harrah's, Marketing, Morgans Hotel Group, Station Casinos, The Strip, Tourism, Wall Street
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Strange happenings at Penn Nat'l, Harrah's
While everybody's been focusing on the implosion of Station Casinos, the analysts at J.P. Morgan snuck out one of the more unusual (and entertaining) reports I've ever come across. They pored over Penn's 2Q09 filing and had some tales to … Continue reading
Posted in Ameristar, Boyd Gaming, Current, Economy, Harrah's, Illinois, Indiana, Kansas, Louisiana, Marketing, MGM Mirage, Ohio, Penn National, Station Casinos, Wall Street
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Aztar deal the worst ever: it's quantifiable
When he acquired Aztar Corp., back in 2006, Columbia Sussex CEO William J. Yung III also became one of the company’s debtors. So what’s his $36 million worth today? According to the Wall Street Journal, 100 grand or less. If … Continue reading
Posted in Atlantic City, Carl Icahn, Columbia Sussex, Cosmopolitan, Current, Economy, Genting, Harrah's, International, Macau, Sheldon Adelson, Singapore, Stanley Ho, The Strip, Tropicana Entertainment
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A Trop by any other name
Icahn Capital, which purchased the Tropicana Atlantic City for $54 million, effectively, is projecting a conservative course for the property. Any sort of expansion is being ruled out for now, due to skepticism about “green shoots” of economic recovery. Speaking … Continue reading
Posted in Alex Yemenidjian, Atlantic City, Carl Icahn, Columbia Sussex, Current, Economy, Harrah's, Illinois, Problem gambling, The Strip, Tropicana Entertainment
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Signs of the Times
Caesars Palace's jumbotron was hawking a poker "tournement [sic]" as of last night. Having an ex-Harvard boffin at the helm evidently doesn't raise a company's I.Q. level. You half-expect that sort of spelling gaffe on the marquee at Terrible's; at … Continue reading
Posted in Current, Downtown, Economy, Entertainment, Harrah's, Herbst Gaming, Riviera, The Strip, Tilman Fertitta
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