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- Atlantic City rebounds; Sibella dumped; NFL suspicions
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- Ray Lebowski on Sibella scandal spreads; Supremes forestall Seminoles
- David McKee on Sibella scandal spreads; Supremes forestall Seminoles
- Ray Lebowski on Sibella scandal spreads; Supremes forestall Seminoles
- David McKee on MGM crippled; Illinois & Indiana report; Bally’s shaky in Chi
- Paul Shanahan on MGM crippled; Illinois & Indiana report; Bally’s shaky in Chi
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Category Archives: Louisiana
The Apocalypse is nigh!
Las Vegas to Nowhere, all aboard! Oh.My.God. Both Gov. Jim Gibbons (R-NV) and I are in agreement on something: Sig Rogich‘s Choo-Choo to Nowhere blows donkeys and that maglev (aka, “The Sin City Express“) is the way to go. CityLife … Continue reading
Posted in California, Harry Reid, Louisiana, Politics, Technology
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Strange happenings at Penn Nat'l, Harrah's
While everybody's been focusing on the implosion of Station Casinos, the analysts at J.P. Morgan snuck out one of the more unusual (and entertaining) reports I've ever come across. They pored over Penn's 2Q09 filing and had some tales to … Continue reading
Posted in Ameristar, Boyd Gaming, Current, Economy, Harrah's, Illinois, Indiana, Kansas, Louisiana, Marketing, MGM Mirage, Ohio, Penn National, Station Casinos, Wall Street
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Case Bets: California, Packer pickle, Macao pix, Holy Cow!, Singapore, RoboPoker, etc.
Editor’s note: An item involving Crown Ltd. contained factual errors, which have been corrected (as you’ll see). I apologize for the misinformation. My thanks to the reader who pulled my head out of my @$$. California gamblers stay and play … Continue reading
Posted in Atlantic City, Australia, California, Columbia Sussex, Current, Economy, Entertainment, G2E, Genting, Harrah's, Holy Cow, International, Lake Tahoe, Laughlin, Louisiana, Macau, New York, Penn National, Phil Ruffin, Problem gambling, Regulation, Sheldon Adelson, Singapore, Technology, The Strip, Tribal, Tropicana Entertainment
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Updates: Pinnacle, Boyd, Foxwoods, Donald Trump & Criss Angel
Don’t wait by the phone if you’ve got a date with Pinnacle Entertainment. It has just pushed back the timelines on its Baton Rouge and Lake Charles projects by five months. It cited investor reluctance and warned more delays are … Continue reading
Posted in Cirque du Soleil, Current, Donald Trump, Entertainment, Louisiana, Morgans Hotel Group, Penn National, Phil Ruffin, Pinnacle Entertainment, Planet Hollywood, The Strip, Tribal, Wall Street
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Pinnacle: the untold story
Is waxing and buffing the Pinnacle Entertainment limo a prerequisite for scoring an interview with its CEO? This small masterpiece of selective omission is more interesting for what it elides than what it says. The article parrots Dan Lee as … Continue reading
Posted in Alex Yemenidjian, Ameristar, Atlantic City, Carl Icahn, Columbia Sussex, Entertainment, Harrah's, Illinois, Louisiana, MGM Mirage, Missouri, Pinnacle Entertainment, The Strip, Tropicana Entertainment
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Case Bets: MGM Mirage, Harrah's, Wynn, Shuffle Master, Taxes
As we wait for the MGM Mirage earnings report, signs of desperation mount. If the company is willing to cast away a pearl like new, costly and high-yielding MGM Grand Detroit, what isn’t sacred? Not even the corporate jet, provided … Continue reading
Posted in Columbia Sussex, Current, Detroit, Economy, Goldman Sachs, Harrah's, Labor, Lake Tahoe, Louisiana, MGM Mirage, Mississippi, Pinnacle Entertainment, Shuffle Master, Steve Wynn, Taxes, Technology, Wall Street
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This is your industry on crack
Finally, someone (in this case, Liz Benston) has written the definitive user-friendly analysis of how the casino industry crashed and burned. To try and quote the salient points would require little short of reprinting the entire article (to say nothing … Continue reading
Posted in Boyd Gaming, Colony Capital, Downtown, Economy, Harrah's, Herbst Gaming, Isle of Capri, Louisiana, MGM Mirage, Missouri, Station Casinos, The Strip, Wall Street
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"Sin City Express"
Expect to be hearing that catchy new canard a lot, not to mention the “Las Vegas to Disneyland” little white lie that Gov. Opie Jindal (R-LA) trotted out in his Tuesday-night audition for the 2012 presidential nomination. “Vegas to Disneyland” … Continue reading
Posted in Boyd Gaming, Harrah's, Louisiana, Politics, Sheldon Adelson, Singapore, Technology, The Strip
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Boyd vs. Station II
Well, that was a waste of a good hour. Boyd Gaming teased its Thursday morning conference call with intimations that All (or at least Some) Would Be Revealed about its surprise bid for most of the assets of Station Casinos. … Continue reading
Posted in Atlantic City, Boulder Strip, Boyd Gaming, Downtown, Economy, Florida, Harrah's, Indiana, Louisiana, Station Casinos, The Strip, Tribal, Wall Street
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From A(ztar) to Z(ilch)
If Tropicana Entertainment management's bankruptcy plan is accepted by the courts (one bond analyst thinks otherwise), former CEO/sole owner William J. Yung III will be left with — what's the technical term? — diddly squat. (So will his unsecured creditors, … Continue reading
Posted in Atlantic City, Columbia Sussex, Economy, Indiana, Lake Tahoe, Laughlin, Louisiana, Marketing, Mississippi, Penn National, Pinnacle Entertainment, Regulation, The Strip, Tropicana Entertainment, Wall Street
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Missouri amendment to pass: JP Morgan
Analysts at JP Morgan like the chances for a Missouri constitutional amendment largely bankrolled by Ameristar Casinos and Pinnacle Entertainment. While Ameristar stands to benefit in tangible ways, JP Morgan focuses on what it could for Pinnacle: a 15% increase … Continue reading
Posted in Ameristar, Atlantic City, Indiana, Louisiana, Missouri, Penn National, Pinnacle Entertainment, Wall Street
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Smoke-filled room
Maybe all this fussin’ and frettin’ (some of it from yours truly) about casino smoking bans is masking the real issue: Casino expansion in the U.S. has finally hit the wall in the form of one big-ass recession. Five states … Continue reading
Posted in Colorado, Harrah's, Louisiana, Mississippi, Pinnacle Entertainment, Tropicana Entertainment
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Smoke-filled room
Maybe all this fussin’ and frettin’ (some of it from yours truly) about casino smoking bans is masking the real issue: Casino expansion in the U.S. has finally hit the wall in the form of one big-ass recession. Five states … Continue reading
Posted in Colorado, Harrah's, Louisiana, Mississippi, Pinnacle Entertainment, Tropicana Entertainment
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"Raking" it in at Trump
Once I'd read that Trump Plaza had gone to automated no-dealer poker, my first thought was, "What becomes of the 'rake'?" Not to worry: The machines have taken care of it. Or, as Casino Manager Anthony Spagno was kind enough … Continue reading
Posted in Atlantic City, Columbia Sussex, Donald Trump, Louisiana, Penn National, Pinnacle Entertainment, Sahara, The Strip
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Still more updates!
Another day, another default. Tucked snugly at the bottom of Tropicana Entertainment‘s notice of default is another news nugget. Seems that the City of Evansville has informed the Columbia Sussex subsidiary that it’s defaulted on certain terms of its lease … Continue reading
Posted in Atlantic City, Columbia Sussex, Indiana, Louisiana, The Strip
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Columbia Sussex sinks to new low
Let’s say you’re Columbia Sussex, owner of the Westin Casuarina and notorious for your pinch-penny ways. What do you do if a convention organizer can’t pay up on its $50,000 tab? Why simply — and sneakily — bill it to the … Continue reading
Posted in Atlantic City, Columbia Sussex, Indiana, Louisiana, LVCVA, Regulation
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Stalemate at The Orleans; Big Easy has big month
It’s been almost nine months since the majority of Boyd Gaming‘s stagehands voted to unionize. Since then, they’ve been subjected to a managerial smackdown and their elected representative, IATSE, is virtually powerless to alleviate the situation — or even to … Continue reading
Posted in Boyd Gaming, Columbia Sussex, Election, Harrah's, Louisiana, Pinnacle Entertainment, The Strip
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Meet Bill Yung
That preening Master of the Universe wannabe you see above is Columbia Sussex CEO William Yung III, subject of a lengthy (and deeply unflattering) exposé in the Louisville Courier-Journal. The article basically explains what Missouri Gaming Commission Director Gene McNary … Continue reading
Posted in Atlantic City, Columbia Sussex, Horseracing, Louisiana, Sports
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Need casino furniture, cheap?
When I visited Detroit, the official position of MGM Grand Detroit was that its vacated temporary casino (formerly an IRS building) could be re-activated as a casino, if MGM so chose. I guess they chose otherwise. Yes, this roulette table … Continue reading