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Category Archives: Indiana
Mohegan Sun scolded; Atlantic Club’s death throes
City fathers in Palmer, Massachusetts, have had a sudden falling-out with Mohegan Tribal Gaming Authority. They’ve accused Mohegan Sun of deliberately tanking the Nov. 5 election through “a deliberate pattern of delay and mismanagement.” As such, they’ll be joining the … Continue reading
Posted in Atlantic City, Cordish Co., Hard Rock International, Harrah's, Indiana, Massachusetts, Mohegan Sun, Regulation, Revel, Steve Wynn, Taxes, Tilman Fertitta, Tropicana Entertainment, Trump Entertainment Resorts
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Buyers and potential sellers
Spend a few minutes this morning with Revel Resort CEO Scott Kreeger, even if some of his answers are exquisitely vague. Having been checkmated by voters in Milford, Massachusetts, is no discouragement to Penn National Gaming parent company Gaming & … Continue reading
Posted in Atlantic City, Hard Rock International, Harrah's, Illinois, Indiana, Iowa, Massachusetts, Ohio, Penn National, Pinnacle Entertainment, Revel
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Indiana up and down; Garber agonistes
Casinos in Indiana grossed 3% less last month but still far outperformed ($193 million) neighboring Illinois and Ohio. Patron traffic was 9% down but visitor spend rose 7%. Penn National Gaming‘s Hollywood Lawrenceburg got absolutely hammered by new competition from … Continue reading
Posted in Boyd Gaming, Charity, Cordish Co., Current, Economy, Harrah's, Indiana, Internet gambling, Japan, Massachusetts, MGM Mirage, Ohio, Penn National, Pinnacle Entertainment, Racinos, Regulation, Station Casinos, Tropicana Entertainment
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Indiana: Worse than expected?
Despite per-patron spending that was up 7% last month, a 16% falloff in admissions more than negated it. Depending on whether one counts tax-deductible free play or not, Indiana was anywhere from 9.5% to 11% down last month. Tight consumer … Continue reading
Posted in Boyd Gaming, Economy, Harrah's, Indiana, Ohio, Penn National, Pinnacle Entertainment, Racinos, Wall Street
1 Comment
Freeman flunks; Casino insecurity; Between a Hard Rock and a good deed
It’s a good thing that American Gaming Association President Geoff Freeman hightailed it to Barcelona this week to give a speech. During Global Gaming Expo, his signature achievement was to stake the AGA’s credibility on a Justin Timberlake movie. Freeman … Continue reading
Posted in Alex Yemenidjian, Atlantic City, Charity, Delaware, Economy, Election, G2E, Hard Rock International, Harrah's, Indiana, Internet gambling, Massachusetts, MGM Mirage, Movies, New York, Penn National, Regulation, Taxes, The Strip, Tourism
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Upturn in Illinois, blindsided in Indiana
Could we finally be seeing “green shoots” in Illinois, up 5% last month? Maybe, although such recovery as there was consisted of the force that is Rivers Casino, up 36%. Penn National Gaming‘s three casinos posted a feeble $29 million, … Continue reading
Posted in Current, Economy, Harrah's, Illinois, Indiana, MGM Mirage, Neil Bluhm, Ohio, Penn National, Pinnacle Entertainment, Racinos, Regulation, Slot routes, Wall Street
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Jumped, pushed or just fed up?
All of a sudden there’s a spate of turnover in the gaming industry. The ongoing verbal meltdown of Paula Deen was going to have to force Caesars Entertainment to take some form of action, particularly if it wants to preserve … Continue reading
Posted in California, Cretins, Current, Dining, Florida, Genting, Harrah's, Illinois, Indiana, International, Mississippi, Sheldon Adelson, Tribal, Wall Street
3 Comments
Tilman Fertitta, stiff; PokerStars’ desperation; Parrotheads in Shreveport;
I can visit the Fremont Street Experience anytime I want, for free. So can guests at any Downtown hotel … except the Golden Nugget. In a vile new variation on the “resort fee” phenomenon, owner Tilman Fertitta is now tacking … Continue reading
Clever Quinn; Rearranging the deck chairs; PE firms repulsed
Just when boosters of casino expansion in Illinois thought they had a done deal, Gov. Pat Quinn (D) sprung a carefully concealed snare: No pension reform, no dice. He dismissed Rep. Lou Lang‘s endless, insane casino crusade as a “shiny … Continue reading
Posted in Current, Harrah's, Illinois, Indiana, Massachusetts, Politics, Regulation, Sheldon Adelson, Singapore, The Strip, Transportation, Tribal, Wall Street
1 Comment
Happy days: Here again?; DIY Vdara Death Ray
America‘s casino officially emerged from the doldrums with the release of the American Gaming Association‘s yearly survey, showing a 5% increase in private-sector casino revenue, just $200 million shy of 2007’s record amount. Mind you, we have quite a few … Continue reading
Pinnacle/Ameristar: A done deal; Elaine Wynn’s domino effect
All but a very few Ameristar Casinos shareholders voted to approve the company’s takeover by Pinnacle Entertainment, in one of the fastest M&A deals in industry memory. Regulatory approvals are still pending in Nevada and other states but Ameristar always … Continue reading
Posted in Ameristar, Dining, Entertainment, Harrah's, Indiana, Iowa, Macau, MGM Mirage, Missouri, Penn National, Pinnacle Entertainment, Regulation, Steve Wynn, Wall Street
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Case Bets: Binion’s redux; Dr. Doom; Everybody goes to Caesars
Today’s top story is the rumor, first aired on LasVegasAdvisor.com that Binion’s Gambling Hall & Hotel will close in July, lock, stock and million-dollar display. This dovetails with an earlier report that a detailed makeover is in the works. So … Continue reading
Posted in Architecture, Atlantic City, California, Dan Gilbert, Derek Stevens, Dining, Downtown, Economy, Harrah's, Illinois, Indiana, Internet gambling, Marketing, Massachusetts, Ohio, Oscar Goodman, Palms, Penn National, Pennsylvania, Problem gambling, Racinos, Slot routes, Taxes, Technology, Terry Caudill, The Strip, Tilman Fertitta, Tribal
3 Comments
Pinnacle punks Penn, swipes Ameristar
We’ve learned two important things today. One, that the Mayan calendar is not the most reliable predictor of events. Two, that Ameristar Casinos‘ on-again/off-again talk about putting itself up for sale was back in “on” mode. Before hardly anybody got … Continue reading
Posted in Ameristar, Atlantic City, Boyd Gaming, Columbia Sussex, Cordish Co., Current, Dan Lee, Economy, Election, Goldman Sachs, Harrah's, Indiana, Iowa, Kansas, Louisiana, Maryland, Massachusetts, MGM Mirage, Mississippi, Missouri, Penn National, Pennsylvania, Pinnacle Entertainment, Politics, Racinos, Regulation, Sheldon Adelson, Steve Wynn, Taxes, Texas, Wall Street
1 Comment
A tale of two Penns
Update: Seeking Alpha’s Brad Thomas has run the numbers on the Penn split and doesn’t like the risk/reward scenario. Fifteen years and many consolidations ago, the casino industry was seized by a brain fever. It was set off by the … Continue reading
Posted in Ameristar, Colorado, Cordish Co., Harrah's, history, Indiana, International, Kansas, Louisiana, Maine, Maryland, MGM Mirage, Ohio, Pennsylvania, Racinos, Regulation, Riviera, Sheldon Adelson, Station Casinos, Steve Wynn, Taxes, Texas, The Strip, Tribal, Wall Street
2 Comments
And Columbus makes three …
Fittingly, Penn National Gaming chose Columbus Day to open its newest casino, in the Ohio city that bears the name of the man who didn’t quite discover America in 1492. With 3,000 slots and 100 tables, it’s loaded for bear. … Continue reading
Posted in Architecture, Current, Dan Gilbert, Dining, Economy, Harrah's, Indiana, M Resort, Missouri, MTR Gaming, Ohio, Penn National, Racinos, Station Casinos, Taxes, Technology, The Strip, TV, Wall Street
3 Comments
Lies, damned lies and Illinois statistics; SJM: Still hanging in there
If state Rep. Lou Lang (D), the economic Rasputin of the upper Midwest, and his allies in the horsey set were actually conspiring to topple Illinois‘ casino industry in favor of quick-and-dirty racinos, they’ve done it cunningly. Frontal attacks on … Continue reading
Posted in Atlantic City, Boyd Gaming, Current, Economy, Harrah's, Horseracing, Illinois, Indiana, Iowa, Macau, MGM Mirage, Missouri, Neil Bluhm, Penn National, Politics, Racinos, Slot routes, Stanley Ho, Wall Street
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Like I said …
That MGM Resorts International casino project in Massachusetts looked like a long shot to me — and so it was. After a high-profile launch, complete with a personal appearance by CEO Jim Murren, a dedicated Web site and a promised … Continue reading