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- Ray Lebowski on Sibella scandal spreads; Supremes forestall Seminoles
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Category Archives: Illinois
Recovery: Wait ’til next year
Executives at MGM Mirage haven’t exactly changed their tune but they’ve tweaked the lyrics a bit. Whereas they used to predict a second-half upturn in 2010, now they say 2011 is the magic number and that they’ve got the numbers … Continue reading
Posted in Atlantic City, CityCenter, Current, Economy, Illinois, Iowa, MGM Mirage, Sheldon Adelson, Steve Wynn, The Strip
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Mixed signals along the rivers
Last month’s results from Missouri are as might be expected. The opening of Pinnacle Entertainment‘s River City lifted state revenues overall (6%) but at the price of a fair amount of cannibalization — mainly at other Pinnacle properties, although it … Continue reading
Posted in Ameristar, Boyd Gaming, Columbia Sussex, Cordish Co., Detroit, Economy, Harrah's, Illinois, Indiana, Missouri, Penn National, Pinnacle Entertainment, Tribal, Tropicana Entertainment, Wall Street
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MGM pre-reports
Aria: Nice rooms; anybody there? First, the good news: A managerial shakeup at MGM Grand Macau yielded a $54 million swing in operating income, turning what had been a modest loss last year into a considerable profit in 1Q10. Also, … Continue reading
Posted in CityCenter, Detroit, Economy, Illinois, Macau, MGM Mirage, Pansy Ho, Stanley Ho, The Strip, Wall Street
8 Comments
MGM, Sands & the cone of silence
While Las Vegas Review-Journal Publisher Sherman Frederick was fretting about the “troubling egg caper” in Searchlight, Nev., his newspaper wasn’t losing much sleep over a double-barreled casino scandal. Either a sudden malady had wiped out the gaming desk or somebody … Continue reading
Posted in Atlantic City, Current, Election, Harry Reid, Illinois, Macau, Marketing, MGM Mirage, North Las Vegas, Pansy Ho, Regulation, Sheldon Adelson, Stanley Ho, The Mob
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Rose prophetic re: Macao
While Las Vegas newspapers have been reticent regarding the regulatory can of worms opened by recent findings about the Macanese operations of Las Vegas Sands and MGM Mirage, veteran gaming legal analyst I. Nelson Rose has felt no such compunction. … Continue reading
Posted in Atlantic City, Detroit, Economy, Illinois, MGM Mirage, Mississippi, Pansy Ho, Regulation, Sheldon Adelson, Stanley Ho, The Mob
1 Comment
S**t hits MGM, Sands fan
Local newspapers — and bloggers — have been slow to pick up on a couple of Reuters dispatches that show — as some doomsayers prognosticated — that involvement in Macao is coming back to bite the U.S. casino industry in … Continue reading
Posted in Atlantic City, CityCenter, Detroit, Illinois, Macau, Mississippi, Pansy Ho, Pennsylvania, Regulation, Sheldon Adelson, Stanley Ho, The Mob
5 Comments
Pennsylvania: Give Adelson a break; Harrah’s latest excuses
While principle dictates that Las Vegas Sands ought to be held to the terms of its agreement with the State of Pennsylvania, recent developments give one pause. Namely, why should Steve Wynn get favorable treatment enjoyed by no other casino … Continue reading
Aren’t we glad?
When given lemons, make lemonade. When hit with a throat infection, lay low and scrounge around for S&G fodder. So it is today — and I didn’t have to scrounge very far. While Las Vegas didn’t dodge too many bullets … Continue reading
Posted in Alabama, Architecture, Atlantic City, Bally Technologies, Carl Icahn, Dubai, Economy, Entertainment, Harrah's, IGT, Illinois, Indiana, James Packer, Pennsylvania, Planet Hollywood, Regulation, Steve Wynn, Technology, The Strip, Transportation, Tropicana Entertainment, Wall Street, WMS Industries
3 Comments
Back to normal
For starters, let’s just write off 2006-7 as an aberration. While dancing in the streets is premature, Nevada‘s casino revenues from November ($873 million) at least give us an excuse to breathe a sigh of relief — especially when other … Continue reading
Posted in Atlantic City, Boulder Strip, Current, Downtown, Economy, Harrah's, Illinois, Indiana, Lake Tahoe, Missouri, North Las Vegas, The Strip, Wall Street
1 Comment
Douchebag of the Year
This is one of Steve Friess‘ brainchildren, but S&G had a chance to get in on the fun. As they say in Chicago, vote early and often! Stripper Poll Who was the biggest douche bag of 2009? (Pick 3) Charlie … Continue reading
Posted in Alaska, Cirque du Soleil, Cretins, Donald Trump, Entertainment, Harry Reid, Illinois, International, MGM Mirage, Politics, Sports, TV
3 Comments
Back in Vegas
Just returned from Chicago last night and so far I’m showing few ill-effects [knock wood] from the swine flu vaccine that was administered to me at O’Hare International Airport. (Can’t get one at my doctor’s office, can get one at … Continue reading
Posted in Animals, CityCenter, Current, Entertainment, Illinois, Pets, Riviera, The Strip, Tourism
2 Comments
Boyd: A waiting game
That’s the economic forecast of J.P. Morgan analysts after Boyd Gaming came in slightly under its cash-flow projections for the third quarter. Borgata remained a bright spot, reaching record levels of market share in Atlantic City (a staggering 19%) in … Continue reading
Night of the living dead
Will the last person leaving the Riviera please take down the Charo in Concert, Abra-ca-Sexy! and Tom Stevens posters? Everything about last night's visit to the casino suggested a business that's died but doesn't realize it. Not that it helps … Continue reading
Posted in Alex Yemenidjian, Boyd Gaming, CityCenter, Economy, Entertainment, Fontainebleau, Illinois, MGM Mirage, Regulation, Riviera, The Strip
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Good times ahead?
New Yorker economic columnist James Surowiecki puts current consumer-spending strends in perspective — and what he finds should gladden the hearts of casino owners. Basically, he finds historical evidence the current tendency toward thriftiness will soon pass. Of course, when … Continue reading
Posted in Current, Detroit, Economy, Fontainebleau, Illinois, International, James Packer
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What's a Trump casino worth?
Only $14 million in cash (plus a $100 million equity infusion), according to The Donald. Bondholders say, we’ll see your $115 million and raise you $100 million. The latter would recoup at least some — but not very much — … Continue reading
Posted in Atlantic City, Baseball, Current, Donald Trump, Fontainebleau, Harrah's, Harry Reid, Horseracing, Illinois, International, Internet gambling, Lawrence Ho, M Resort, Macau, Massachusetts, Melco Crown Entertainment, Neil Bluhm, Ohio, Oklahoma, Penn National, Pennsylvania, Politics, Regulation, Sheldon Adelson, Slot routes, Sports, Station Casinos, Steve Wynn, Taxes, Texas, Tribal
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Case Bets: Corzine, Penn vs. MTR, Pinnacle, Manilow & strippers
Forbidden by New Jersey law from directly contributing to political campaigns, casino companies are making an end run through Virginia. Harrah’s Entertainment, Boyd Gaming and IGT are among those funneling campaign cash into a reverse version on the Underground Railroad. … Continue reading
Posted in Atlantic City, Boyd Gaming, Current, Economy, Election, Entertainment, Harrah's, Horseracing, IGT, Illinois, Iowa, Kansas, Louisiana, Ohio, Penn National, Pennsylvania, Pinnacle Entertainment, Politics, Regulation, The Strip
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Want your ass kicked?
Then go hang out at Stack. If they don’t like your looks, the in-house goons will be sicced on you. And Las Vegans wonder at the schadenfreude so many people feel with regard to Sin City’s current doldrums. No magic … Continue reading
Posted in Colorado, Dining, Election, Harrah's, Illinois, MGM Mirage, Penn National, Pennsylvania, Sheldon Adelson, South Carolina, Taxes, The Strip, Tourism, Transportation
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