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- Ray Lebowski on Sibella scandal spreads; Supremes forestall Seminoles
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Category Archives: Harrah's
What'$ in a name?
A reader recently enquired as to what became of the plan to re-name Harrah's Entertainment as Caesars Entertainment. When I asked Harrah's as to whether that was still on, no response was forthcoming. My questioner wanted to know, "Do you … Continue reading
Posted in Atlantic City, Boyd Gaming, Detroit, Economy, Harrah's, Herbst Gaming, Indiana, Marketing, MGM Mirage, Sheldon Adelson, The Strip
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Nevada in October: It was the pits
Taken at face value, October's revenue numbers for Nevada casinos were calamitous. Looked at in context (i.e., coming off a 10% increase from October '06 to '07) they were … still bad. But I'm going to resist the temptation to … Continue reading
Posted in Boulder Strip, Current, Downtown, Economy, Harrah's, Lake Las Vegas, Laughlin, Station Casinos, The Strip
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Collapse in Kansas; Herbst is toast
And then there was one. A Cordish Co./Kansas Speedway joint venture has pulled the chicken switch on a $400 million casino project. This leaves avionics firm Butler National Service Corp., with its Dodge City concession, as the only company with … Continue reading
Posted in Ameristar, Economy, G2E, Harrah's, Herbst Gaming, Horseracing, International, Kansas, Macau, MGM Mirage, Penn National, Pinnacle Entertainment, Regulation
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Palace more ‘impotent’ than ever
More nails are being pounded into the coffin of the Imperial Palace. The official word is that eateries The Ming and Cockeyed Clam are closed for good. As for the others, operating hours are being truncated “periodically. Nothing is written … Continue reading
Posted in Columbia Sussex, Harrah's, Tropicana Entertainment
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Packer's reverse Midas Touch
Remember what I wrote yesterday about James Packer being bad luck for everything with which he gets involved? Now Station Casinos is the latest victim of his reverse Midas Touch (and he owns a portion of Harrah's Entertainment, too). Maybe … Continue reading
Posted in Cannery Casino Resorts, Harrah's, James Packer, Station Casinos
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G2E scuttlebutt
Could Herbst Gaming President Ferenc Szony be headed to the Cosmopolitan? That was one of the rumors bruited about at G2E last week. It would make sense. Szony, one of S&G's favorite gaming executives, is no stranger to operating in … Continue reading
Posted in Cosmopolitan, G2E, Harrah's, Herbst Gaming, James Packer, Reno
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Atlantic City Death Watch
New Jersey's Casino Control Commission has come out with a grim set of numbers regarding gross operating profitability in Atlantic City's casinos during 3Q08. And, as bad as these numbers sound, once the cost of operation is subtracted, a $121 … Continue reading
Posted in Atlantic City, Boyd Gaming, Colony Capital, Donald Trump, Economy, Harrah's, Station Casinos, Tropicana Entertainment
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Where do we go from here?
Let's say, for purposes of argument, that the casino industry has supped full on meta-megaresort development and needs several years to digest the feast. What then? The answer, to judge by yesterday's G2E panel of design, construction and development experts, … Continue reading
Posted in Architecture, Atlantic City, Economy, G2E, Harrah's, MGM Mirage, Wall Street
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Case Bets: Ho Tram, Shuffle(d) Master, Ameristar
Tout le monde may be at G2E (albeit 10% less le monde than last year, I’m told) but the big news is happening elsewhere. MGM Mirage has emerged as the “angel” for the Ho Tram Strip in Vietnam. It’s a … Continue reading
Posted in Ameristar, Current, Economy, Harrah's, International, Isle of Capri, MGM Mirage, Missouri, Pinnacle Entertainment, Shuffle Master
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Butera up to old tricks; Dog days for Ruffin; Fowl play
Grasping at straws in his attempt to wrest control of the Tropicana Casino & Resort back from the New Jersey Casino Control Commission, the CEO of Tropicana Entertainment, Scott Butera, has seized upon a letter from state Sen. Richard Codey. … Continue reading
Posted in Atlantic City, Columbia Sussex, G2E, Harrah's, Kansas, Marketing, Mississippi, Regulation, Tropicana Entertainment
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Fire sale at Harrah's, MGM?
That was one of the bombshells dropped this morning at Global Gaming Expo. According to a member of a "state of the industry" panel of G2E's Casino Design track, Harrah's Entertainment has several unprofitable properties that were for sale. "Now … Continue reading
Posted in Architecture, California, Donald Trump, Economy, G2E, Harrah's, International, MGM Mirage, The Strip, Tribal
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Winners & Losers
And now the obligatory post-Election, What’s-it-all-about-Alfie roundup … Culinary Union 1, Casino CEOs O: True, the Culinary tripped all over its own feet in the early going, leading to Democratic caucuses that weren’t so much “Barackular” as “debacular.” But D. … Continue reading
Posted in Alaska, Ameristar, Atlantic City, California, Colorado, Current, Donald Trump, Economy, Election, Florida, Gary Goett, Harrah's, IGT, Internet gambling, MGM Mirage, Mississippi, Missouri, Pinnacle Entertainment, Politics, Sheldon Adelson, Steve Wynn, Taxes, The Strip, Tribal, Wall Street
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Reader recommendations
Last week, I solicited recommendations for affordable hotel rooms, on behalf of a reader. For those of you who don't monitor the "Comments" threads, here's what some readers had to offer … • Why not the Main Street Station; it's … Continue reading
Posted in Boyd Gaming, Downtown, Harrah's, The Strip
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Case Bets: Sands bankruptcy?; California spite, Ted Binion still dead, etc.
The ‘B’ word. Yup, somebody finally said it. Stifel Nicolaus & Co. analyst Steven Wieczynski blames The Big Sands Sell-off on fears that “Las Vegas Sands is in jeopardy of running out of cash and going bankrupt.” Sands stock closed … Continue reading
Posted in Animals, California, Election, Harrah's, Marketing, MGM Mirage, Politics, Sheldon Adelson, The Strip, Tribal, TV, Wall Street
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Is Peter Carlino crazy?
Now I know that Penn National is all a-flush with cash these days and CEO Peter Carlino is probably feeling bullish. Still, in a recent visit to Vegas to assess possible casino acquisitions, he's alleged to have acted like he … Continue reading
Posted in Atlantic City, Downtown, Harrah's, MGM Mirage, Penn National, Riviera, Sahara, Steve Wynn, Tamares Group, The Strip, Tropicana Entertainment
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Smoke-filled room
Maybe all this fussin’ and frettin’ (some of it from yours truly) about casino smoking bans is masking the real issue: Casino expansion in the U.S. has finally hit the wall in the form of one big-ass recession. Five states … Continue reading
Posted in Colorado, Harrah's, Louisiana, Mississippi, Pinnacle Entertainment, Tropicana Entertainment
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Smoke-filled room
Maybe all this fussin’ and frettin’ (some of it from yours truly) about casino smoking bans is masking the real issue: Casino expansion in the U.S. has finally hit the wall in the form of one big-ass recession. Five states … Continue reading
Posted in Colorado, Harrah's, Louisiana, Mississippi, Pinnacle Entertainment, Tropicana Entertainment
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Up in smoke
Few issues involving the casino industry cause such a conflict between intellect and emotion as that of second-hand smoke. Personally, I think even manure is less offensive to the nostrils than cigarette smoke — and it has fewer carcinogenic side … Continue reading
Posted in Atlantic City, Colorado, Environment, Harrah's, Illinois, Regulation, Sheldon Adelson, The Strip
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