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Category Archives: Illinois
Galaxy cautious on Macao; No smoking in Mesquite?
One swallow doesn’t make a spring and, if you’re Galaxy Entertainment CEO Lui Che-Woo, one month of 1% growth in gambling revenue doesn’t constitute a recovery in Macao: “Give me two more years to see if there’s a recovery here.” Now … Continue reading
Posted in Arizona, Atlantic City, California, Donald Trump, Economy, Environment, Galaxy Entertainment, Illinois, Louisiana, Macau, Marketing, Mesquite, MGM Mirage, Regulation, Sheldon Adelson, The Mob, Tribal
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Icahn intransigent at Taj; Olympic betting a flop; Relief for Caesars
For someone who claims he’s trying to save Trump Taj Mahal, owner Carl Icahn sure acts like he’s hellbent on closing it. A counteroffer from striking Unite-Here that would cost the casino only $1.3 million a year to preserve health … Continue reading
Indiana gamblers visit less, play more; Rude surprise at Seminole Hard Rock
Indiana casino customers visited less last month but more than made up for it with increased spending, keeping Hoosier State gaming revenues stable. That even-keel figure conceals some big swings and roundabouts at individual property. Horseshoe Hammond had an unaccountably … Continue reading
Station tries to shed excess baggage; Steve Wynn’s big ape
Back in 2004, when euphoria ran high in the casino industry, Station Casinos got carried away and spent nearly $34 million on the dilapidated Castaways, at the north end of the Boulder Strip. Despite commissioning a design from Ed Vance for … Continue reading
Isaacs moves on; 50 years of Laughlin
Gavin Isaacs will be taking it easy, the CEO of Scientific Games is moving up to vice chairman, his CEO’s chair to be filled by former Norwegian Cruise Line executive Kevin M. Sheehan. If anybody’s earned the right to take … Continue reading
Posted in Aristocrat, Australia, Bally Technologies, Boyd Gaming, Cannery Casino Resorts, Harrah's, history, Illinois, Laughlin, Macau, Melco Crown Entertainment, North Las Vegas, Philippines, Scientific Games, Sheldon Adelson, Shuffle Master, Slot routes, Steve Wynn
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Trump Taj: Everybody loses; Mixed bag for Boyd
Labor Day weekend will be the final hurrah for Trump Taj Mahal. Owner Carl Icahn has expressed his intent to close the struggling casino rather than continue to negotiate with striking Unite-Here Local 54. ““I would never have thought Carl … Continue reading
Posted in Atlantic City, Boyd Gaming, Carl Icahn, Churchill Downs, Donald Trump, Downtown, Economy, Hawaii, Illinois, Kansas, Louisiana, Maryland, Mississippi, Tropicana Entertainment, Unite-Here
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Analysts: Buy Penn!; Veteran columnist calls it quits
According to J.P. Morgan analyst Joseph Greff, “meaningful contributions” from the Tropicana Las Vegas, Plainridge Park Casino and Illinois slot route Prairie State Gaming drove a 14.5% improvement in Penn National Gaming‘s cash flow last quarter. M Resort hit a … Continue reading
Posted in Alabama, California, Economy, Election, Entertainment, Fontainebleau, Illinois, M Resort, Marketing, Massachusetts, MGM Mirage, Penn National, Politics, Sheldon Adelson, Slot routes, Station Casinos, The Strip, Tribal, Wall Street
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Casinos invest in Illinois slot routes; More turmoil in Adelsonia; MGM takes proxy war to Capitol Hill
After having spent four years being clobbered by slot routes (the installed slot base has reached 23,406 machines), Illinois casinos have decided they’d rather switch than fight. Investors in Rivers Casino have purchased a stake in lead operator Acel Entertainment … Continue reading
Posted in Atlantic City, Foxwoods, Glenn Straub, Illinois, MGM Mirage, Mohegan Sun, Neil Bluhm, New York, Penn National, Politics, Revel, Sheldon Adelson, Slot routes, Vietnam
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Happy ending for casino site; DFS not out of the woods in New York
There’s a happy ending to the saga of Bavarian Brewery, which had been purchased by Columbia Sussex a decade back in hopes that it would be Kentucky‘s first casino. The building has lain fallow ever since and ColSux has gone … Continue reading
Posted in Architecture, Boyd Gaming, Columbia Sussex, Geoff Freeman, GLPI, Harrah's, Illinois, Internet gambling, Kentucky, Law enforcement, Massachusetts, MGM Mirage, Neil Bluhm, New York, Penn National, Sports
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Icahn leaves Taj workers nostalgic for Trump; Megaresort proposed for NYC
You can measure the acrimony between Unite-Here Local 54 and Tropicana Entertainment by the fact that striking workers at Trump Taj Mahal are using Donald Trump as a stick with which to beat Carl Icahn. By astutely negotiating a pact … Continue reading
Posted in California, Carl Icahn, Charity, Cordish Co., Cosmopolitan, Donald Trump, Election, Entertainment, Genting, Georgia, Glenn Straub, Harrah's, Horseracing, Illinois, Macau, Marketing, Melco Crown Entertainment, MGM Mirage, New York, Regulation, Revel, Stanley Ho, Tribal, Tropicana Entertainment, Trump Entertainment Resorts, Unite-Here
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Little relief for Caesars; Atlantic City braces for labor strife
It’s out of the frying pan and straight into the fire for Caesars Entertainment. Federal bankruptcy court has put a temporary halt on litigation against the casino giant, giving it until Aug. 29 to cut a new deal with bondholders. … Continue reading
Posted in Atlantic City, Boyd Gaming, Carl Icahn, Donald Trump, Eldorado Resorts, Geoff Freeman, Harrah's, Illinois, Pennsylvania, Pinnacle Entertainment, Politics, Slot routes, Sports, Taxes, The Mob, The Strip, Tropicana Entertainment, Trump Entertainment Resorts, Unite-Here
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Atlantic City goes to pot; MGM, Boyd, Pinnacle, Red Rock Resorts meet The Street
We’ve come a long way from the days of Reefer Madness. Latest case in point: Atlantic City, where Assemblyman Reed Gusciora (D) is pushing recreational “tea” as a cure to the city’s penurious condition. Weed would be legalized on the Boardwalk and … Continue reading
Posted in Atlantic City, Boulder Strip, Boyd Gaming, Cannery Casino Resorts, CityCenter, Economy, Georgia, Glenn Straub, Harrah's, Illinois, Indiana, Internet gambling, Macau, Marketing, Maryland, MGM Mirage, Mississippi, Missouri, Palms, Pinnacle Entertainment, Politics, Reno, Scientific Games, Station Casinos, The Strip, Wall Street
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Hard May in Illinois; Buyer found for F-blew?
Casino patrons in Illinois are spending a bit more these days but there were 8% fewer of them last month, leading to a 6% revenue decline, partly due to one fewer weekend this year. On an individual basis, casinos tended … Continue reading
Posted in Boyd Gaming, Carl Icahn, Derek Stevens, Detroit, Downtown, Fontainebleau, GLPI, Harrah's, Illinois, MGM Mirage, Neil Bluhm, Penn National, Slot routes, Steve Wynn, The Strip, Transportation, Tropicana Entertainment, Wall Street
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DFS stalls in Illinois; Mississippi casinos rebound
Things were looking up for the daily fantasy sports industry in Illinois, where enabling legislation passed the state Senate 32-22. However, a hold has been put on the bill, which may not make it to the House. Why? Although the legislation … Continue reading
Posted in Arkansas, Delaware, G2E, Hard Rock International, Harrah's, Illinois, Internet gambling, Macau, Marketing, Mississippi, Nevada, PokerStars, Politics, Steve Wynn, Tribal
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Top Golf’s impressive debut; Lucky Dragon’s calculated risk
“My only problem is A.D.D.” read the T-shirt of one of the celebrants at last night’s opening of Top Golf, on the MGM Grand campus. He was certainly in the right place. If you are serious about honing your skills, … Continue reading
Posted in Boyd Gaming, Churchill Downs, Entertainment, Foxwoods, G2E, Geoff Freeman, Illinois, Internet gambling, Law enforcement, Lucky Dragon, Macau, Marketing, MGM Mirage, Mohegan Sun, Pennsylvania, Philippines, Regulation, Sheldon Adelson, SLS Las Vegas, Sports, Station Casinos, Technology, The Strip
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Adelson, master manipulator?; MGM REIT launched
Is Sheldon Adelson the secret string-puller behind Kelden Engel‘s petition drive to have part of the Riviera preserved? John L. Smith hints at that in this morning’s edition of Adelson’s Las Vegas Review-Journal. “If he’s carrying the water for someone who … Continue reading
Posted in Atlantic City, Boyd Gaming, Entertainment, Illinois, LVCVA, MGM Mirage, Riviera, Sheldon Adelson, Steve Wynn, The Strip, Wall Street
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Could a Chicago casino be in the works?; High-flown idea for Vegas
Taking a page from Kansas, lawmakers in Illinois are exploring the idea of a state-owned casino. A bill before the House Executive Committee would authorized a super-sized casino (up to 10,000 slots) in Chicago, with the proceeds dedicated to “public … Continue reading
Sexcapade case closed; GLPI/Pinnacle deal a certainty
Followers of jurisprudence will be denied one of the more prurient evidentiary hearings in history now that Vegas High Roller sexpot Chloe Scordianos has decided to plead guilty to disorderly conduct rather than face trial for committing sex acts in … Continue reading
Posted in Ameristar, Architecture, Entertainment, Environment, GLPI, Harrah's, history, Illinois, Law enforcement, Missouri, Penn National, Pinnacle Entertainment, Regulation, Riviera, Steve Wynn, The Strip, Tropicana Entertainment
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Lobbyists win in Atlantic City fight; Untimely reprimand for Bluhm
As Atlantic City fights to maintain its monopoly on casino gambling in New Jersey, it’s getting a lot of help from casino companies themselves — and lobbyists are making out like bandits. The biggest spender to date has been Caesars … Continue reading
Posted in Atlantic City, Australia, Boyd Gaming, Downtown, Election, Entertainment, Genting, Greenwood Racing, Harrah's, Illinois, LVCVA, Massachusetts, MGM Mirage, Neil Bluhm, Penn National, Pennsylvania, Regulation, Sheldon Adelson, Singapore, Tourism, Transportation, Tribal
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Quote of the Day
“The machines are in there and if people choose to play them, they play at their own risk. It’s the same principle of buying a lottery ticket. You’re hoping your numbers come up just like on a video gaming machine.” — … Continue reading
Posted in Illinois, Slot routes
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