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- Ray Lebowski on Sibella scandal spreads; Supremes forestall Seminoles
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Category Archives: Internet gambling
I-cahnned! River Palms sold; PokerStars out of A.C., Langford out to lunch
Subtract one casino from the Tropicana Entertainment portfolio: The River Palms Resort & Casino, in Laughlin, just went for $7 million today. TropEnt CEO Anthony Rodio isn’t pulling out of the Colorado River market altogether. He says the company will … Continue reading
Today, it’s Boyd’s turn to shine
Even the illusion of a rising tide lifts all boats, it would appear. Yesterday’s big stock-pump by Caesars Entertainment carried Boyd Gaming up with it, as did much-better-than-expected first-quarter numbers from Boyd. Shares that closed Tuesday at $8.94 were riding … Continue reading
Posted in Atlantic City, Boulder Strip, Boyd Gaming, Current, Internet gambling, Wall Street
3 Comments
The tale of Big and Little Caesars
If you have been waiting for the moment to sell your Caesars Entertainment stock and get out unscathed, even making a tidy profit, that moment is now. Actually, it was March 20 this year, when CZR hit an all-time high … Continue reading
Icahn nixes Trump deal; Steve Wynn’s fugitive friend
If Carl Icahn holds the note on your life, you are in a world of hurt, my friend. Just ask Trump Entertainment Resorts, whose $20 million sale of wretchedly performing Trump Plaza Hotel & Casino suddenly looks very shaky. What’s … Continue reading
Revel: Don’t cry for him, Argentina; Are Twinkies the new Caesars?
Revel Atlantic City‘s day of deliverance is at hand: CEO Kevin DeSanctis has been ousted, along with Chief Investment Officer Michael Garrity. But there’s no need to shed tears over their fate. They will continue “developing amenity projects” for Revel … Continue reading
Adelson: Yes, we did! Wait, no, we didn’t! Well, OK, sorta … but not really!
“On the U.S. side … we view the State of Nevada as having uninspiring oversight of activities occurring in Macau. For every gap of oversight that exists from the Nevada Gaming Control Board or Nevada Gaming Commission, the U.S. Federal … Continue reading
Ader vs. IGT: Hart wins, Adelson loses
This just in … the long-awaited showdown at the International Game Technology shareholder meeting has taken place and seven of the eight incumbents were re-elected, including two heavyweight allies of beleaguered CEO Patti Hart: former Harrah’s Entertainment CEO Phil Satre … Continue reading
Posted in Current, IGT, Internet gambling, Sheldon Adelson, Technology, Wall Street
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Pinnacle expands, Boyd loses face
Jeez, I go on sabbatical to attend to other writing commitments and hella history breaks loose: Internet gambling is now the law of Nevada and New Jersey (so much for federal legalization being “just around the corner,” huh?), Caesars Entertainment … Continue reading
Posted in Boyd Gaming, Current, Florida, Harrah's, Internet gambling, Louisiana, Pinnacle Entertainment, Politics, The Strip
4 Comments
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
An indispensable man; MGM’s two-front campaign
French statesman Georges Clemenceau once dryly remarked that the cemeteries are full of indispensable men. Clemenceau’s quip obtained fresh sting this week when the gaming world lost Dr. William Eadington. The industry scholar has been struggling with cancer for a … Continue reading
Posted in Atlantic City, Boyd Gaming, Current, history, Internet gambling, Macau, Massachusetts, MGM Mirage, Pansy Ho, Penn National, Problem gambling, Regulation, Revel, Stanley Ho, Technology
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MGM back into Atlantic City?
MGM Resorts International has a 50% stake in Borgata that nobody wants … except MGM. In bolstering move that Atlantic City sorely needs, MGM may get to reclaim its half of the resort (with the support of partner Boyd Gaming), … Continue reading
Christie: Oops, he did it again; Maryland: Take my casino, please
New Jersey Gov. Chris Christie (R) loves to veto Internet gambling bills so much that he’s just done it for a second time. There was incremental progress: In punting the ball to the Legislature’s one-yard line, Christie endorsed the idea … Continue reading
Posted in Atlantic City, Current, Economy, Goldman Sachs, Harrah's, Internet gambling, Marketing, Maryland, Massachusetts, Penn National, Politics, Regulation, Steve Wynn, Taxes, The Strip, Tribal
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Caesars: Cui bono?; Loveman woos Britney
Our question for the day is, “Who benefits?” Taking the long view of Caesars Entertainment to bundle a mixed bag of Planet Hollywood, its-casino-to-be in Baltimore and Caesars Interactive, in whose interest is it to purchase minority stakes, since CEO … Continue reading
Panic time at Caesars; Penn’s Ohio strategy a botch; Where in the world is Robert Earl?
It may have taken time for Gary Loveman‘s chickens to come home to roost but they’re doing it by the flockful. To raise cash, pronto, Caesars Entertainment — which hasn’t turned a profit in over three years — has piled … Continue reading
Merger of the Nerds; Cosmo picketed
With 2013 shaping up as a good year for slot sales, Scientific Games has chosen this moment to pounce upon WMS Industries, one of the oldest, biggest and most-respected firms in the industry. SGMS shares promptly leapfrogged from $8.93 to … Continue reading
Massachusetts … and then there were 11; End of the Colony Capital era?
“[W]ell-connected developer” — but so not well financed — David Nunes (below) just got his casino-application fee across the transom, meaning that there are 11 contestants vying for two casino licenses and a slot parlor in Massachusetts. A couple of … Continue reading
Exit Fahrenkopf, enter … ?
After a long (17 years) and eventful tenure at the top of the American Gaming Association, President Frank J. Fahrenkopf is calling it a day. On June 30, he hands over the reins to a successor as yet to be … Continue reading
Posted in Atlantic City, Australia, Boyd Gaming, Current, Florida, G2E, Internet gambling, Mississippi, Pennsylvania, Politics, Sheldon Adelson, Tribal
2 Comments
Capitol Hill and Internet poker: Too little, too late (as usual)
Despite support from an unlikely coalition that includes the American Gaming Association, the National Fraternal Order of Police and the National Association of Convenience Stores, federal legalization of Internet poker seems no closer in the 2012 lame duck session of … Continue reading
Posted in Boyd Gaming, Current, Harry Reid, International, Internet gambling, MGM Mirage, Politics, Regulation
3 Comments
Wake up with Loveman; More election aftermath
No sooner were Wall Street analysts uttering serious concerns about a slow post-Sandy recovery for Atlantic City than who should pop up on CBS This Morning but Caesars Entertainment CEO Gary Loveman, doing damage control … It’s hard to decide … Continue reading
Posted in Atlantic City, Boyd Gaming, Current, Dan Gilbert, Donald Trump, Economy, Environment, Harrah's, Internet gambling, Kentucky, Massachusetts, Pennsylvania, Politics, Regulation, Sheldon Adelson, Steve Wynn, The Strip, Tilman Fertitta, Tourism, Transportation, TV, Wall Street
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