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Category Archives: Louisiana
Louisiana better than expected; Arkansas casinos: Wait ’til year after next
“It could have been better.” That will be the refrain from Louisiana, up 1% last month despite some final-week disruption by an unwelcome visitor named Hurricane Isaac. Allowing for a few blips here and there throughout the state, including a … Continue reading
Posted in Current, Economy, Election, Harrah's, Louisiana, Maryland, Penn National, Pennsylvania, Pinnacle Entertainment, Racinos, Regulation, Taxes, Texas
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Programming note
For reasons unknown (Red Chinese hackers?), Internet access last Thursday and Friday came in three forms: slow, slower and nonexistent. Hence, no S&G for two days. (My outdated Mac at home no longer supports the home page either.) So for … Continue reading
Posted in Current, Internet gambling, Louisiana, Steve Wynn, Technology, The Strip
1 Comment
Pinnacle’s cockeyed optimist
Call me Nostradamus: As Hurricane Isaac essentially sits parked on the Louisiana and Mississippi coastlines, I am again given cause to wonder what in Heaven’s name made Pinnacle Entertainment CEO Anthony Sanfilippo think he could hold the L’Auberge Baton Rouge … Continue reading
Posted in Cretins, Current, Environment, Louisiana, Mississippi, Pinnacle Entertainment, Regulation, Tourism, TV
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Non-quote of the day; After Harmon, what next?
As Hurricane Isaac forced the closure of 18 casinos in Louisiana and Mississippi (including the Silver Slipper [left]) and casino-expansion measures in Illinois and Michigan came to a head, what story did the American Gaming Association deem its highest priority today? … Continue reading
Posted in Architecture, CityCenter, Cosmopolitan, Current, Detroit, Downtown, Environment, Illinois, Louisiana, Marketing, MGM Mirage, Mississippi, Slot routes, The Strip, Tourism, Vdara Death Ray
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Isaac: Flood waters hit Beau Rivage
First, the good news: Since thousands of people are being adversely affected by Hurricane Isaac, still gathering strength, one of them is Donald Trump. The bloated bloviator has been promising another of his shocking revelations — too shocking to be … Continue reading
Posted in Boyd Gaming, Current, Election, Environment, Florida, Isle of Capri, Louisiana, MGM Mirage, Mississippi, Penn National, Racinos, Regulation, TV
1 Comment
Batten down the hatches!
Tropical Storm Isaac is charting a path across the Gulf of Mexico and, with aspirations to “hurricane” status, is on a collision course with New Orleans, the City That Couldn’t Catch a Break. So far, Louisiana Gov. Bobby Jindal (R) … Continue reading
Posted in Boyd Gaming, Dining, Environment, Harrah's, history, International, Louisiana, Mississippi, Politics, Regulation, Technology, TV
2 Comments
Loveman heir abdicates; VLTs hit Ohio tomorrow; Wayne’s World II
Shares of Caesars Entertainment sank today on the news that CFO Jonathan Halkyard has quit, taking an equivalent position at NV Energy. Although the latter’s financial outlook is far rosier, with scant long-term debt, its revenue base ($611 million last … Continue reading
Posted in Atlantic City, Boyd Gaming, Dan Gilbert, Economy, Harrah's, history, Iowa, Louisiana, Massachusetts, MGM Mirage, Mississippi, Ohio, Penn National, Pinnacle Entertainment, Politics, Racinos, Tilman Fertitta, Tourism, Tribal, Wall Street, Wayne F. Newton
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Caesars: Total disrespect; Palms giving up the ghost
Here’s a chuckle as you head into the Memorial Day weekend: Horseshoe Bossier City‘s Riverdome was on the receiving end of an online diss from Kelly Clarkson. During her Stronger tour, the rocker evidently wasn’t too impressed with the sprung … Continue reading
Posted in Dining, Entertainment, George Maloof, Harrah's, Louisiana, The Strip, TV
3 Comments
Case Bets: Sands, Caesars, Boyd, MGM & Wynn
After blowing a half-million dollars on lobbying in Massachusetts, cantankerous casino owner Sheldon Adelson took his ball and went home, as reported earlier. Las Vegas Sands‘ rather weak excuse: “[Boston] didn’t synch up with our business model.” Sands fails to … Continue reading
Boyd takes Peninsula, punts Echelon (again)
Ever since a highly quixotic and even nonsensical attempt to take over most of Station Casinos, the cards have been played very, very close to the vest at Boyd Gaming. However, like another second-tier major, Ameristar Casinos, it’s showing renewed … Continue reading
Big Brother is triangulating you; Dark days for LVH, Riv; Pinnacle’s Lone Star play
Just to make sure you’re not piggybacking onto its mobile-gambling systems, Cantor Gaming is partnering with Locaid to provide “geo-fencing” for its pocket casinos, which can now be played damn near anywhere on a casino property. (The real endgame, however, … Continue reading
Wall Street to Boyd: “Bleah!”; Blood & Gore
It was a thankless day for Boyd Gaming: It exceeded Wall Street‘s expectations for 1Q12 and stock analysts yawned in the company’s face. Wrote Deutsche Bank‘s Carlo Santarelli, “the fundamental setup … remains tough,” due to a highly competitive locals … Continue reading
Posted in Atlantic City, Boyd Gaming, Current, Dennis Gomes, Downtown, Economy, Goldman Sachs, Harrah's, Louisiana, Mississippi, Pinnacle Entertainment, Racinos, Regulation, Station Casinos, 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
Singapore: Many called, two chosen; Tunica catches a break
VIP junket operators are coming to Singapore, J.P. Morgan stock analysts reported. Actually, they’re already there in the form of “shadow junkets,” according to Singaporean media. And if Las Vegas Sands or Genting Berhad are knowingly dealing with illegal junketeers, … Continue reading
Adelson minions visit Encore: Big Gaming courts Wall Street
There will be Ice Capades in Hell before Sheldon Adelson sets foot in Encore, I should expect. However, with J.P. Morgan holding an investor conference at Wynncore, it would be poor form of Las Vegas Sands — currently the darling … Continue reading
Posted in Ameristar, Atlantic City, Boyd Gaming, Cordish Co., Current, Detroit, Economy, Harrah's, International, Internet gambling, Kansas, Louisiana, M Resort, Macau, Marketing, Maryland, Massachusetts, MGM Mirage, Mississippi, Missouri, Ohio, Penn National, Pennsylvania, Pinnacle Entertainment, Racinos, Regulation, Sheldon Adelson, Singapore, Station Casinos, Steve Wynn, The Strip, Tourism, Wall Street, West Virginia
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Penn and Pennsylvania; Trop’s big screwup; Louisiana’s big month
A racetrack isn’t something you just pick up and relocate. However, Penn National Gaming has been given the go-ahead by the State of Ohio to “move” its Beulah Park and Raceway Park to, respectively, Youngstown and Dayton. They are presently … Continue reading
Dan Lee calls it quits; Who let Big Dawg’s out?
Having seen the handwriting on the wall, Dan Lee has sold his Creative Casinos of Louisiana to regional rival Ameristar Casinos for a measly $32.5 million. Bankers were having difficulty computing Lee + Lake Charles = Mojito Pointe. Financing prospects … Continue reading
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
Lee, Nazarian go to market; IGT goes Disney
An S&G source says Creative Casinos CEO Dan Lee has arranged mezzanine financing and may soon go to the bond market to raise capital, presumably for Mojito Pointe for potentially for ventures elsewhere. The Lake Charles market draws heavy play … Continue reading
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
