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Category Archives: Indiana
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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Betting on Adelson
Analysts at J.P. Morgan are downright bullish on Las Vegas Sands, raising their stock price target by over 25% (to $29/share). Their ebullience is motivated in large part by expectations for Marina Bay Sands, which they estimate will garner 55% … Continue reading
Posted in Ameristar, CityCenter, Economy, Indiana, Kansas, Lyle Berman, Macau, MGM Mirage, Missouri, Pinnacle Entertainment, Sheldon Adelson, Singapore, Steve Wynn, The Strip, Tourism, Tribal, Wall Street
1 Comment
Case Bets: Pinnacle’s new CEO; Mr. Bit
S&G congratulates Anthony Sanfilippo, new president and COO of Pinnacle Entertainment. A former regional overseer for Harrah’s Entertainment (prexy of its Central and Western divisions), he’s familiar with the ground on which Pinnacle’s battles will be fought, including Lousiana, Missouri … Continue reading
Posted in Animals, Current, Harrah's, Indiana, Louisiana, Missouri, Pets, Pinnacle Entertainment
2 Comments
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
Happy ending for “Aztar”
Here’s a feel-good story to help ring out the week. The Indiana Gaming Commission has approved Tropicana Entertainment as a suitable owner-operator for the Casino Aztar riverboat, berthed in Evansville. There are a number of contingencies, primarily the plunking down … Continue reading
Big payoff for Pennsylvania
Gov. Ed Rendell (D) and other state leaders have got to be feeling the love for the Keystone State‘s budding casino industry, which generated over $1 billion in tax revenue last year. That boffo return was achieved without table games … Continue reading
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
Sheldon the Barbarian & other news
Amid reports of vastly improved attendance at this year’s Consumer Electronics Show comes news of a typical overreaction by Las Vegas Sands. I know of one company that was doing off-site demos and fortunately wasn’t among the vendors turfed out … Continue reading
Blast from the past
In this case, it’s a blast of hot air from the pages of the defunct and dreadful Liberty Watch magazine, whose back numbers still adorn the Web, but whose ink-and-paper incarnation has devolved into a loose smattering of blogs. Let’s … Continue reading
Quote of the Day
“It appears the U.S. gaming pie is not getting bigger, and the slices continue to get smaller.” — Moody’s analyst Keith Foley on the impact of Ohio casinos on an already-shrinking revenue base. Southern Indiana looks to get hit especially … Continue reading
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
Leaving Las Vegas
At least 28,000 have done so over the two years-plus (probably more when you allow for the people still moving here). What are the likely consequences of Las Vegas‘ pegging its future on a one-trick economy? And is it going … Continue reading
Posted in Atlantic City, CityCenter, Current, Detroit, Economy, Election, Horseracing, Indiana, MGM Mirage, Ohio, Pennsylvania, Racinos, The Strip, Tourism, Tribal
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Leaving Las Vegas
At least 28,000 have done so over the two years-plus (probably more when you allow for the people still moving here). What are the likely consequences of Las Vegas‘ pegging its future on a one-trick economy? And is it going … Continue reading
Posted in Atlantic City, CityCenter, Current, Detroit, Economy, Election, Horseracing, Indiana, MGM Mirage, Ohio, Pennsylvania, Racinos, The Strip, Tourism, Tribal
Comments Off on Leaving Las Vegas
Hell no, they won't; Penghu punk'd; Barbarians at the gates (again)
Pay taxes, that is. Two Indiana racinos are pushing back against a tax rate that averages 38%. Considering that the two tracks — one run by Cordish Gaming — are the newbies on the Hoosier State scene, one could fairly … Continue reading
Posted in Alex Yemenidjian, Boyd Gaming, CityCenter, Cordish Co., Cosmopolitan, Fontainebleau, Harrah's, Horseracing, Indiana, International, MGM Mirage, Penn National, Riviera, Sheldon Adelson, Station Casinos, Steve Wynn, Taxes, The Strip, Tribal, Wall Street
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