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Category Archives: Indiana
Cosmo woe; MGM lurves Ameristar
As new casino boss Thomas McCartney tries to stabilize the sinking ship that is The Cosmopolitan of Las Vegas, he’s tossed overboard some human ballast in the form of casino employees. (Thirty full-time dealers are alleged to have been pink-slipped.) … Continue reading
Posted in Ameristar, Colorado, Cosmopolitan, Dan Lee, Dining, Election, Harrah's, history, Illinois, Indiana, International, Iowa, Lake Tahoe, Louisiana, Marketing, Massachusetts, MGM Mirage, Missouri, Movies, Ohio, Planet Hollywood, Sheldon Adelson, The Strip
1 Comment
Fire sale at Caesars; Harvey vs. The Mob
Money problems at Caesars Entertainment are worse than we thought. According to the New York Post, the company is trying to shop as many as 10 Midwestern casinos in order to raise $500 million in development capital. The money would … Continue reading
Posted in Harrah's, Harry Reid, Illinois, Indiana, International, Iowa, Isle of Capri, Louisiana, Maryland, Mississippi, Missouri, Ohio, Politics, Racinos, Regulation, Reno, The Mob, Tribal, Wall Street
1 Comment
Train robbery in D.C.
As the online-gambling gravy train begins leaving in the station, members of Congress are making one last attempt to derail it. After all, once New Jersey, Illinois, California, the District of Columbia and so forth set up shop as havens … Continue reading
Posted in California, Columbia Sussex, Cordish Co., Current, Harrah's, Harry Reid, Illinois, Indiana, Internet gambling, Politics, Problem gambling, Racinos, Regulation, Taxes, Tropicana Entertainment
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Ameristar goes East; Colony’s secret formula revealed
Yesterday morning, Wall Street was advised by Ameristar Casinos that the latter had forked over $16 million for land in Springfield, Massachusetts. Given that Ameristar has been in extreme-caution mode since the death of founder Craig H. Neilsen and the … Continue reading
Rule or ruin in Illinois; A new deal in Detroit
State Rep. Lou “Death Wish” Lang (D, right) continues to dare, then double-dare Gov. Pat Quinn (D) to veto what’s now a 2.6X expansion of the number of gambling positions in the state of Illinois. Lang has offered a few … Continue reading
Posted in Boyd Gaming, CityCenter, Current, Dan Lee, Detroit, Economy, Harrah's, history, Illinois, Indiana, International, Iowa, Louisiana, MGM Mirage, Mississippi, Missouri, Neil Bluhm, Penn National, Politics, Racinos, Reno, Slot routes, The Strip, Wall Street
3 Comments
Big ‘boing’ in Pennsylvania; Labor strife in Detroit
Casino revenues last month in Pennsylvania must have been riding a pogo stick — up 13% from last year. That includes a 39% moonshot in table revenues. Leaders include Sands Bethlehem (22%, right), while Penn National‘s eponymous racino must be … Continue reading
Posted in Cannery Casino Resorts, Current, Detroit, Economy, Genting, Harrah's, Indiana, International, Louisiana, MGM Mirage, Neil Bluhm, New York, Ohio, Penn National, Pennsylvania, Pinnacle Entertainment, Racinos, Sheldon Adelson, Sports, Taxes
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Musical chairs; Perry’s hypocrisy
Those who go around, come around. The newly unveiled management team for the Margaritaville Casino in Biloxi has a distinct aura of déja vu. CEO Tom Brosig used to be Lyle Berman‘s right-hand man at Grand Casinos, whose Biloxi casino … Continue reading
St. Regis … still stumped; Quid pro Qua
Last autumn, Las Vegas Sands COO Michael Leven floated the idea of capping its St. Regis failsino at its current five-story height, admitting that the skeleton was an “eyesore” along the Strip. The “Stump Regis” was the subject of a … Continue reading
Lies, damned lies and smoking
Although Illinois‘ casino industry has fallen and can’t get up, the state’s smoking ban has nothing to do with it. Nada! That’s the contention of a study out of Washington University (my brother’s alma mater), which says that players “never … Continue reading
Posted in Current, Economy, Environment, Harrah's, Illinois, Indiana, Iowa, Missouri, Neil Bluhm, Penn National, Racinos, Regulation, Tribal
3 Comments
Illinois: Optimism or suicide?
It doesn’t matter to state Rep. Lou Lang (D, right) that Illinois‘ casino revenues are puny compared to those of neighboring Indiana or that St. Louis-area players are defecting in droves. He wants racinos and more casinos, by golly, and … Continue reading
Posted in Architecture, Boyd Gaming, Current, Economy, Entertainment, Harrah's, Illinois, Indiana, Internet gambling, James Packer, Lawrence Ho, Macau, Melco Crown Entertainment, MGM Mirage, Mississippi, Missouri, Neil Bluhm, Pennsylvania, Politics, Racinos, Regulation, Sheldon Adelson, Taxes, Texas, Tribal
2 Comments
Raw deal
In the end two, casino operators bent over, grabbed their ankles and took it hard from Gov. John Kasich (R), who can claim a near-unqualified victory — and in blistering time. With money and pilings already sunk into Ohio, neither … Continue reading
The Strip in April: Down and yet up; Gettysburg: The south loses again
According to the Nevada Gaming Control Board, casino revenue in the state was down 2% in April … except that it wasn’t. Since the month ended on a Saturday, slot revenue from the last two days of April got slopped … Continue reading
Posted in Ameristar, Boulder Strip, Boyd Gaming, California, Current, Economy, Harrah's, Illinois, Indiana, International, Isle of Capri, Lake Tahoe, Pennsylvania, Politics, Regulation, The Strip, Tourism, Transportation, Wall Street
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Illinois: How much worse can it get?
OK, the 9% dropoff in Illinois gambling dollars last month looks worse than it is because it mainly reflects the flood-enforced closure of Harrah’s Metropolis (left, -77%). All other casinos were down an aggregate 3%, and it didn’t much matter … Continue reading
After the flood; New captains at Tropicana Entertainment
What used to be the Horizon riverboat in Vicksburg is back in business as Grand Station (no relation to Station Casinos, in case you were wondering). While nearby riverboats owned by Neil Bluhm and Ameristar Casinos rode out the high … Continue reading
Posted in Ameristar, Atlantic City, Carl Icahn, Columbia Sussex, Dennis Gomes, Harrah's, Indiana, Marketing, Mississippi, Neil Bluhm, Penn National, Station Casinos, Tropicana Entertainment
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Illinois’ suicide pact; Donald Trump, freeloader
Whether you spent Memorial Day grilling some bratwurst or, like me, crawling around with Murphy’s Oil Soap and a cleaning cloth, we did no harm. That can’t be said for the Illinois House of Representatives, which opened a can of … Continue reading
Posted in Bally Technologies, Current, Donald Trump, Economy, Horseracing, IGT, Illinois, Indiana, Iowa, Missouri, Penn National, Politics, Racinos, Regulation, Slot routes, Taxes, The Strip, WMS Industries
3 Comments
Has Illinois finally bottomed out? Trop shakeup; Big markdown on Trump
Sorry to disappoint, but we won’t have the answer until June–August, three straight months with the same number of weekend days as last year. By that point we’ll know whether April‘s 2% increase was the beginning of a trend. Last … Continue reading
Posted in Atlantic City, Boyd Gaming, Carl Icahn, Colony Capital, Columbia Sussex, Current, Donald Trump, Economy, Entertainment, Environment, George Maloof, Harrah's, Illinois, Indiana, Maryland, MGM Mirage, Missouri, Penn National, Phil Ruffin, Steve Wynn, The Strip, Tropicana Entertainment
3 Comments
The Flim-Flam Man
If anything salutary emerges from Donald Trump‘s “cynical branding exercise,” it’s that it may finally expose an epic “scam” once and for all. I refer, of course, to the Trump-generated myth that he is a successful casino operator. True, he … Continue reading
Posted in Atlantic City, California, Charity, Cretins, Current, Donald Trump, Economy, Election, Indiana, Marketing, TV, Wall Street
6 Comments
Fire sale in Vicksburg; Win or loss for Gettysburg?
Update: An earlier version contained a gross error/AARP moment on Yr. Humble Blogger’s part. I have amended the story so that it contains greater “factiness.” Also, fellow Canadian firm Gateway Casinos is the likely operator-to-be. In a curt announcement, Tropicana … Continue reading