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- Ray Lebowski on Sibella scandal spreads; Supremes forestall Seminoles
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Category Archives: Laughlin
Strong month for the Strip; Tohono O’odham win big-time
February gaming revenues were 8% higher in Nevada (to $990 million), with a 7% increase on the Las Vegas Strip. Locals-casino revenue rose 11%, driven in part by 4% more coin-in and 8% greater table play. Slot revenue on the … Continue reading
Posted in Arizona, Boulder Strip, California, Downtown, Economy, Lake Tahoe, Laughlin, Macau, North Las Vegas, Politics, Reno, Steve Wynn, The Strip, Tourism, Transportation, Tribal
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Showdown on the Boardwalk; Lies, damned lies and poll numbers
It’s war to the knife and knife to the hilt between Carl Icahn and Unite-Here Local 54 President Robert McDevitt over the labor situation at Trump Taj Mahal. (For the record, Donald Trump is now affiliated with the casino in … Continue reading
Posted in ACEP, Atlantic City, Boulder Strip, Carl Icahn, Colony Capital, Election, Harrah's, Internet gambling, Laughlin, LVCVA, Maryland, MGM Mirage, Mohegan Sun, Regulation, Revel, Sheldon Adelson, Sports, The Strip, Tropicana Entertainment, Trump Entertainment Resorts, Unite-Here
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Trump plotting Vegas comeback; Mohegan Sun gains Korean foothold
Even after his improbable spate of electoral successes, you have to wonder if Donald Trump is serious about running for president. His attention is already wandering to a market where the art of the deal has not panned out for … Continue reading
Strip’s illusory Christmas present; A.C. Trop antes up
Las Vegas Strip gaming revenues were up 8% last month but Deutsche Bank analyst Carlo Santarelli is calling that headline “misleading,” the increase “purely optical.” Volume of table play was down 11% and slot coin-in was 2% less. But increased … Continue reading
Posted in Atlantic City, Boulder Strip, Boyd Gaming, Downtown, Economy, Greenwood Racing, Harrah's, Internet gambling, Lake Tahoe, Laughlin, Macau, MGM Mirage, Mohegan Sun, Neil Bluhm, Nevada, North Las Vegas, Penn National, Pennsylvania, Reno, Sheldon Adelson, Technology, The Strip, Tropicana Entertainment, Wall Street
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Trump: The art of disaster; Good November for Las Vegas
If Donald Trump proposes to run America the way he ran his casinos, God help us all. He built a Boardwalk empire in Atlantic City with a lot of hocus-pocus, debt financing and sky-high interest rates (14% for Trump Taj … Continue reading
No Great Pumpkin for Las Vegas; Further woe for Macao
It was Las Vegas Strip casinos’ bad luck to have Oct. 31 fall on a Saturday, meaning that revenues (particularly from slots) from that weekend won’t be reported until the end of November. Consequently, Strip revenues fell 5% in October, … Continue reading
Baccarat buoys the Strip; Last call for Vegas Club
Not only were Nevada gaming revenues up 2% last month, so were Strip revs, propelled by heavy baccarat play. In addition to 17% more being wagered, the house played lucky, winning 24% than last year. That more than made up … Continue reading
The Strip is all right
A 2% decline in July revenues on the Strip may not seem like good news but the casinos were competing against the anniversary of a very good month for baccarat last year. By comparison, this July saw players drop 35% … Continue reading
Posted in Boulder Strip, Downtown, Economy, Hard Rock International, Lake Tahoe, Laughlin, Marketing, MGM Mirage, North Las Vegas, Reno, Seminole Tribe, The Strip, Wall Street
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Boston: Smackdown for McCheese; Online gaming hopes fade
Boston Mayor Martin Walsh got a taste of his own medicine when a Suffolk Superior Court court judge put a beatdown on his sleazy legal tactics. Assertions by Boston attorneys, slipped in at the last minute, that the Massachusetts Gaming … Continue reading
Posted in California, Harrah's, Horseracing, Internet gambling, Laughlin, Louisiana, Massachusetts, Penn National, Pennsylvania, Politics, Sheldon Adelson, Steve Wynn, Tribal
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Baccarat blowout on Strip; Ader strikes again
Strip casinos had the impossible task of keeping up with last June’s baccarat tally (when revenues shot up 155%) and, as might be expected, fell off the pace. The volume of play plunged 43% and revenue tumbled 57%. As for … Continue reading
Posted in Boulder Strip, Entertainment, Internet gambling, Lake Tahoe, Laughlin, Mesquite, Planet Hollywood, Reno, The Strip, Wall Street
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Caesars ups the ante; Packer: Fear and loathing
Caesars Entertainment stock rallied today on news that the company had palliated its junior creditors by offering them a $200 million forbearance fee along with 10% ownership of the REIT, which it characterized as “a substantial improvement in recoveries.” Caesars … Continue reading
Posted in Australia, Harrah's, James Packer, Laughlin, Lawrence Ho, Louisiana, Macau, The Strip, Wall Street
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Reprieve for Dotty’s; Straub changes course again
By one vote, Dotty’s eked out a four-month grace period while the Las Vegas City Council ponders whether or not to lower the boom on the newest in this mammoth chain of slot parlors and taverns. Known for its homey, … Continue reading
Posted in Arizona, Atlantic City, Carl Icahn, Dotty's, Foxwoods, Glenn Straub, Laughlin, Massachusetts, Regulation, Tribal, Trump Entertainment Resorts
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Strip treads water in May; Penn a big hit in Massachusetts
For all the hoopla about the (fixed?) Mayweather-Pacquiao fight, Strip gaming revenues sent mixed signals. The game that matters most, baccarat, saw somewhat less play (-7%) but the house got beaten badly, its winnings down 36%. By contrast, all other … Continue reading
Posted in Alabama, Atlantic City, Boulder Strip, Downtown, Economy, Harrah's, Lake Tahoe, Laughlin, Massachusetts, MGM Mirage, North Las Vegas, Penn National, Regulation, Reno, Transportation, Wall Street, Warner Gaming
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Good April for Vegas; Frankie the Fish and Sister Sandra
Baccarat play on the Las Vegas Strip improved by double-digit numbers for the second month in a row, up 14% in April, contributing to an 8% upward surge on the Strip. Baccarat revenues rose 5%, while all other table games … Continue reading
Posted in Australia, Boyd Gaming, Donald Trump, Downtown, Economy, Lake Tahoe, Laughlin, Macau, Marketing, Mississippi, North Las Vegas, Philippines, Politics, Regulation, Reno, Sheldon Adelson, Station Casinos, The Strip, Vietnam
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Las Vegas’ robust January; Measles in a casino
January was good for the State of Nevada (+8%) but especially powerful for the Las Vegas Strip, up 15%. The casinos played lucky, with baccarat winnings up 68.5%, despite 13.5% less being wagered. Strip slot revenues were up 4%, even … Continue reading
Posted in Boulder Strip, Boyd Gaming, Downtown, Economy, Environment, Fontainebleau, Lake Tahoe, Laughlin, MGM Mirage, New York, North Las Vegas, Riviera, The Strip, Wall Street
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Slots drive Vegas; Big change at Foxwoods
Las Vegas Strip casino revenues fell 6% last month, largely thanks to soft table play. Deutsche Bank analyst Carlo Santarelli characterized slot play as “encouraging and driven primarily by volume,” as the Strip recorded its sixth consecutive month of increased … Continue reading
Posted in Boulder Strip, Delaware, Downtown, Entertainment, Foxwoods, Lake Tahoe, Laughlin, Mohegan Sun, North Las Vegas, Racinos, Slot routes, Taxes, The Strip, Wall Street
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Players take Vegas to the cleaners
Baccarat players stayed home or played smaller last month. The Strip’s most important revenue driver dropped 30% on 12.5% less play. So luck and players’ wallets were both working in the casinos’ disfavor. Despite a 2% increase in coin-in, slot … Continue reading
Posted in Boulder Strip, Cannery Casino Resorts, Downtown, Economy, Laughlin, Macau, North Las Vegas, Penn National, Pennsylvania, Racinos, Technology, The Strip
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USA Today: Those evil casinos!
With the gaming industry temporarily exhausted from over-expansion and saturation, USA Today has chosen this moment to pounce with an anti-gambling editorial. The graybeards on the USA Today editorial board clearly haven’t been paying close attention — racinos in Delaware, … Continue reading
Posted in Boulder Strip, Boyd Gaming, Cretins, Delaware, Downtown, Economy, Geoff Freeman, Lake Tahoe, Laughlin, Neil Bluhm, North Las Vegas, Pennsylvania, Reno, The Strip, Tourism, Wall Street
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Archon under fire again
Sue Lowden is back in the news, not for her political activities but as secretary and public face of Archon Gaming, whose 27 acres atop the Strip are a hot property again, following the opening of SLS Las Vegas. Dissident investor … Continue reading
Posted in Archon Corp., Economy, Laughlin, Ohio, Penn National, Sam Nazarian, The Strip, Wall Street
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Recovery in Vegas? It depends on where you stand
July was a mixed blessing for Nevada. Gambling revenue was up 5% along the Strip, down 4% among locals and essentially flat statewide. Strip casinos won big at baccarat, with player losses increasing 16% on 24% heavier play. Non-Strip baccarat play … Continue reading
Posted in Boulder Strip, Downtown, Isle of Capri, Lake Tahoe, Laughlin, Macau, MGM Mirage, Missouri, North Las Vegas, Reno, Taxes, The Strip, Tribal, Wisconsin
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