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- Ray Lebowski on Sibella scandal spreads; Supremes forestall Seminoles
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Category Archives: Marketing
Caesars pages The Hoff; Riviera sign lives again
Enjoy the fountains and shrubbery in front of Caesars Palace while you still can. Caesars Entertainment CEO Mark Frissora plans to celebrate the company’s emergence from bankruptcy by monetizing 90 acres of Las Vegas Strip frontage. To be fair to … Continue reading
Posted in California, Harrah's, history, International, Japan, Marketing, Problem gambling, Riviera, South Korea, The Strip, Tribal
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Stirrings of life on North Strip; Freeman hails Macao
Deutsche Bank analyst Carlo Santarelli visited Las Vegas this week and saw signs of life on the North Strip: “Despite limited progress, some recent concrete work is evident on the steel structures at Resorts World. We believe the project remains … Continue reading
Posted in Architecture, Fontainebleau, G2E, Galaxy Entertainment, Genting, Geoff Freeman, IGT, Marketing, Maryland, Melco Crown Entertainment, MGM Mirage, Sheldon Adelson, Steve Wynn, Technology, The Strip, Wall Street
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Connecticut tribes go on attack; Adelson discovers 21st century
MGM Resorts International is getting hoist on its own petard in a new attack ad, which uses quotes cherry-picked from Massachusetts Casino Commission testimony to show CEO Jim Murren and President Bill Hornbuckle coveting the Connecticut customer base. Naturally, the Mashantucket Pequots … Continue reading
Posted in Donald Trump, Foxwoods, Marketing, Massachusetts, MGM Mirage, Mohegan Sun, New York, Regulation, Sheldon Adelson, Technology, Tribal, TV
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New crackdown in Macao; Death in Downtown
That chill wind you feel blowing through Macao is the local government’s trepidation about the $1 billion-plus in cash withdrawals that are being made from Macanese ATMs. “The amounts are eye-watering – HK$10 billion-a-month is a conservative estimate. The banks have been … Continue reading
Posted in Downtown, Law enforcement, Macau, Marketing, Sports, Uncategorized, Wall Street
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Hard Rock to spend big in Atlantic City; Bad news for slot makers
In the biggest vote of confidence Atlantic City has received in a decade, Hard Rock International has announced that it intends to invest $375 million in the former Trump Taj Mahal. On top of the 1,000 projected construction jobs, Hard … Continue reading
Quote of the Day
“There are a finite number of gamblers. The more times you split that pie up, the fewer customers you have.” — Jackson Rancheria Casino Resort CEO Rich Hoffman, uttering apparent heresy to explain why California tribal casinos need to diversify their … Continue reading
Posted in California, Marketing, Tribal
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Gaming up nationally — but Louisiana gets hammered
America‘s casino industry had a winning month in January, up 3.5% to $3.4 billion. Even Illinois, which has never recovered from the smoking ban, was in the top four, behind Nevada (naturally), Pennsylvania and Louisiana. The only serious loser was … Continue reading
Posted in Affinity Gaming, Atlantic City, Boyd Gaming, Churchill Downs, Economy, Eldorado Resorts, GLPI, Harrah's, Illinois, Internet gambling, Isle of Capri, Louisiana, Marketing, Maryland, Ohio, Pennsylvania, Pinnacle Entertainment, Sheldon Adelson, Taxes, Tilman Fertitta, Tropicana Entertainment, West Virginia
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MGM antes up for Sands Bethlehem; Glenn Straub, man of mystery
Last week’s premature announcement by Sands Bethlehem President Mark Juliano that a sale, probably to MGM Resorts International, may have redounded to Las Vegas Sands‘ benefit. The reported sale price has crept up to $1.3 billion. Since a sale would … Continue reading
Posted in Atlantic City, Economy, Glenn Straub, Macau, Marketing, MGM Mirage, Palms, Pennsylvania, Revel, Sheldon Adelson, Station Casinos, Taxes, Wall Street
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AGA backs Obamacare; “Messy” quarter for Station
OK, the headline is an oversimplification (as headlines tend to be) but the American Gaming Association found itself in disagreement with congressional Republicans after their overhaul of the Affordable Care Act was found to leave mental-health and substance-use-disorder services out in the … Continue reading
Posted in Dan Gilbert, Economy, Eldorado Resorts, Geoff Freeman, GLPI, Hard Rock International, Lucky Dragon, Marketing, Ohio, Palms, Penn National, Pinnacle Entertainment, Politics, Problem gambling, Reno, Station Casinos, Wall Street
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Business as usual at Boyd; Pinnacle looks to expand
* Top brass at Boyd Gaming met with J.P. Morgan analyst Joseph Greff and reported a relatively unruffled start to 2017, although the delayed mailing of income-tax refunds (about three weeks later than usual) was retarding results a bit. Still, … Continue reading
Quote of the Day
“I’m a big contrarian when it comes to saying the slot machines’ time is over. In fact, if you look nationally overall, slot revenues are higher than they’ve ever been. But at individual properties, they’re down.” — casino consultant Buddy Frank … Continue reading
Posted in Marketing, Technology
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Wayne Newton, Mr. Convention; Adelson covets Vietnam
If you doubted that the convention business is the new face of Las Vegas, it trotted out the pretty visage of Wayne Newton. The latter’s Casa de Shenandoah is promoting itself as the new place to hold your meeting, offering to … Continue reading
Posted in Atlantic City, Economy, GLPI, Hard Rock International, Harrah's, Illinois, Japan, Lawrence Ho, Macau, Marketing, Melco Crown Entertainment, Penn National, Politics, Racinos, Regulation, Sheldon Adelson, Singapore, South Korea, Technology, Tourism, Tropicana Entertainment, Vietnam, Wayne F. Newton
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Caesars: The comedy is (almost) finished; Lawmaker gets high — on revenue
By merging Caesars Acquisition Co. (which holds most of the goodies) with Caesars Entertainment, the conglomerate may be finally able to ring the curtain on its bankruptcy. It’s been a long-running show, often replete with elements of farce. What seems … Continue reading
Posted in Atlantic City, Environment, Florida, Harrah's, Louisiana, Marketing, MGM Mirage, Neil Bluhm, Nevada, New York, Politics, Regulation, Taxes, Technology
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Wynn shows Adelson up; Schenectady casino opens tonight
Contrary to crude insinuations by the Las Vegas Review-Journal, Steve Wynn‘s gift of $7 million in company stock late last year went mainly toward medical research at the University of Iowa’s Wynn Institute for Vision Research ($5 million), while another $1.7 … Continue reading
Posted in Animals, Charity, Economy, Harrah's, Iowa, Maine, Marketing, Neil Bluhm, New York, Sheldon Adelson, Sports, Steve Wynn, Technology, The Strip, Tribal
1 Comment
Wynn-Adelson feud renewed; Caesars readies wrecking ball
Until recently, Sheldon Adelson was the face of Republican Party fundraising. But the GOP’s new fair-haired boy is a certain Steve Wynn and Adelson doesn’t appear to be taking it lying down. His Las Vegas Review-Journal, showed uncharacteristic investigative moxie … Continue reading
Posted in Charity, Donald Trump, Downtown, Economy, Election, Harrah's, Macau, Marketing, Sheldon Adelson, Steve Wynn
2 Comments
Penn National backpedals; Feral bunnies terrorize Vegas
Penn National Gaming released fourth-quarter numbers and, according to Deutsche Bank‘s Carlo Santarelli acknowledged a “difficult start” at Hollywood Jamul (this despite having an extra-long runway to get the new property aloft). Santarelli called the tribal casino a “drag” on … Continue reading
Posted in Animals, Atlantic City, California, Dining, Donald Trump, Election, Glenn Straub, GLPI, Hard Rock International, history, Illinois, Iowa, Japan, Macau, Marketing, Penn National, Regulation, Revel, Sheldon Adelson, Slot routes, Steve Wynn, Technology, The Strip, Tribal, Trump Entertainment Resorts, Wall Street, West Virginia
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Trump vs. Las Vegas; E-sports is big busine$$
“Donald Trump is the most uninformed president the U.S. has ever had. This is not an opinion. It is based on the realities of how human beings communicate: He does not read. ‘[Trump] said in a series of interviews that he does not … Continue reading
Posted in Affinity Gaming, Atlantic City, Donald Trump, Downtown, Economy, Entertainment, Harrah's, International, Internet gambling, Macau, Marketing, MGM Mirage, Mississippi, Regulation, Sheldon Adelson, Sports, Steve Wynn, The Strip, Tourism, Tropicana Entertainment, Wall Street
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Quote of the Day
“You know your industry is in trouble if the most current product you offer your 21st century patrons is bingo.” — gaming-law expert I. Nelson Rose on the casino industry’s struggle to adapt to changing times.
Posted in history, Marketing, Technology
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What the Lucky Dragon means; National Harbor lifts all boats
The good Dr. David G. Schwartz ponders the significance of Lucky Dragon Casino and begins with one salient milestone: “Lucky Dragon is the first genuinely new property to open in the tourist corridor since The Cosmopolitan six years ago.” That’s … Continue reading
Posted in Architecture, Cosmopolitan, Donald Trump, Genting, Harrah's, history, Internet gambling, Japan, Lucky Dragon, Marketing, Maryland, MGM Mirage, Nevada, Politics, Problem gambling, Regulation, Sheldon Adelson, Taxes, The Strip, Tourism, Wall Street
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Pennsylvania gets a second look; Tioga Downs debuts new casino
Funny that we should have been discussing Pennsylvania yesterday. Fitch Ratings analyst Alex Bumazhny made a field trip to Philadelphia and Bethlehem, and came away impressed by the $164 million expansion of SugarHouse. He concluded that its new features, which … Continue reading
