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- Ray Lebowski on Sibella scandal spreads; Supremes forestall Seminoles
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Category Archives: Marketing
Atlantic City goes to pot; MGM, Boyd, Pinnacle, Red Rock Resorts meet The Street
We’ve come a long way from the days of Reefer Madness. Latest case in point: Atlantic City, where Assemblyman Reed Gusciora (D) is pushing recreational “tea” as a cure to the city’s penurious condition. Weed would be legalized on the Boardwalk and … Continue reading
Posted in Atlantic City, Boulder Strip, Boyd Gaming, Cannery Casino Resorts, CityCenter, Economy, Georgia, Glenn Straub, Harrah's, Illinois, Indiana, Internet gambling, Macau, Marketing, Maryland, MGM Mirage, Mississippi, Missouri, Palms, Pinnacle Entertainment, Politics, Reno, Scientific Games, Station Casinos, The Strip, Wall Street
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Quote of the Day
“I don’t like playing slots. Just hitting a button over and over again to see what pops up is boring. Makes me feel like a test rat that gets addicted to hitting a trigger because it results in cheese, unpredictably … Continue reading
Posted in Marketing
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Penn has big plans for Trop; DFS sites feel the heat
High rollers aren’t spending as much as they used to at Penn National Gaming casinos, reports JP Morgan analyst Joseph Greff, after meeting with CEO Tim Wilmott. Overall, Penn says its springtime revenues have been tracking with its expectations. Greff … Continue reading
Straub forges ahead; Caesars bankruptcy stymied
Glenn Straub still doesn’t have a new name for Revel but that’s not stopping him from reopening the casino — and on schedule, too. He expects to have 40% of the casino floor operational within a week. Straub will reopen … Continue reading
Posted in Atlantic City, Boyd Gaming, Dining, Entertainment, Glenn Straub, Harrah's, Marketing, Maryland, MGM Mirage, Regulation, Revel, The Strip, Unite-Here
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This just in: Borgata sold; Christie gives some, gets much
In a development that has to be called nothing less than shocking, Boyd Gaming has sold its cash cow, its 50% stake in Borgata. For $900 million, it cashes out to MGM Resorts International and MGM Growth Properties. It’s a … Continue reading
Posted in Atlantic City, Boyd Gaming, Harrah's, Marketing, MGM Mirage, North Las Vegas, Politics
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Lucky Dragon forges ahead; Calm urged in Macao
By this point, it’s hardly news that Lucky Dragon Casino is on track to open in December, breathing some additional life into the north Strip (we hope). However, Lucky Dragon execs continue to argue that they should have received tax-increment … Continue reading
Posted in Economy, International, Lucky Dragon, Macau, Marketing, Regulation, Sheldon Adelson, Taxes, The Strip, Tourism
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DFS stalls in Illinois; Mississippi casinos rebound
Things were looking up for the daily fantasy sports industry in Illinois, where enabling legislation passed the state Senate 32-22. However, a hold has been put on the bill, which may not make it to the House. Why? Although the legislation … Continue reading
Posted in Arkansas, Delaware, G2E, Hard Rock International, Harrah's, Illinois, Internet gambling, Macau, Marketing, Mississippi, Nevada, PokerStars, Politics, Steve Wynn, Tribal
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Top Golf’s impressive debut; Lucky Dragon’s calculated risk
“My only problem is A.D.D.” read the T-shirt of one of the celebrants at last night’s opening of Top Golf, on the MGM Grand campus. He was certainly in the right place. If you are serious about honing your skills, … Continue reading
Posted in Boyd Gaming, Churchill Downs, Entertainment, Foxwoods, G2E, Geoff Freeman, Illinois, Internet gambling, Law enforcement, Lucky Dragon, Macau, Marketing, MGM Mirage, Mohegan Sun, Pennsylvania, Philippines, Regulation, Sheldon Adelson, SLS Las Vegas, Sports, Station Casinos, Technology, The Strip
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Weidner headed to Vietnam?; Nazarian on the rebound
William Weidner hasn’t finished Lucky Dragon Casino yet and he’s already flashing some leg at the Vietnamese government (or so it appears), seeking a $4 billion casino megaresort in Ho Chi Minh City (to most us, Saigon). Financing Lucky Dragon … Continue reading
Posted in Architecture, Boyd Gaming, Hard Rock Hotel, International, Lucky Dragon, Macau, Marketing, Morgans Hotel Group, Palms, Regulation, Sam Nazarian, Station Casinos, Wall Street
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Macao junketeers left holding the bag; Lionel Richie wows the ladies
We could see another shakeout in Macao junket operators. According to Daiwa Securities Group, most of the industry is “struggling just to break even.” Part of that problem is that they’re carrying almost $3,9 billion in bad debt — and you … Continue reading
Posted in Australia, Economy, Entertainment, Foxwoods, International, Macau, Marketing, Melco Crown Entertainment, Mohegan Sun, Penn National, Planet Hollywood, Regulation, Sheldon Adelson, South Dakota, Sports, Steve Wynn, Taxes, The Strip, Tribal, Wall Street
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Boyd strikes again; Wynn vs. Wynn III
Continuing its thrust into North Las Vegas, a suddenly acquisitive Boyd Gaming has obtained Aliante Casino Hotel & Spa. Unlike its surprise, if still unconfirmed, swoop upon Cannery Casino Resorts, here Boyd is snapping up a property we knew was … Continue reading
Posted in Boyd Gaming, Cannery Casino Resorts, Marketing, MGM Mirage, North Las Vegas, Sahara, Station Casinos, Steve Wynn, The Strip, Wall Street
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Ethnic insensitivity in Oregon; Penn’s last stand in Iowa
A TV ad campaign for Oregon state-sponsored VLTs has riled up the Coquille Indian Tribe, not least because it depicts the Lewis & Clark Expedition happening upon video gaming in wilderness that has been ethnically cleansed of Native Americans. Coquille Chairman … Continue reading
Posted in California, Delaware, Economy, Internet gambling, Iowa, Macau, Marketing, Penn National, Regulation, Tourism, Transportation, Tribal, Warner Gaming
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Penn talks turkey; Celebrity brawl at Aria
Next week Penn National Gaming turns on the Marquee Rewards spigot at the Tropicana Las Vegas. Given some of management’s recent disclosures, it won’t come a day too soon: 85% of Penn’s customer base comes to Sin City but stays … Continue reading
Posted in Affinity Gaming, Ameristar, Boyd Gaming, CityCenter, Cordish Co., Full House Resorts, Harrah's, Indiana, Isle of Capri, Majestic Star, Marketing, Maryland, Massachusetts, MGM Mirage, Missouri, Ohio, Penn National, Pennsylvania, Pinnacle Entertainment, Racinos, Steve Wynn, Taxes, The Strip, Tourism, Tribal, Tropicana Entertainment, Wall Street, West Virginia
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Freeman rakes Wolf; The delights and dangers of DFS
American Gaming Association President Geoff Freeman is throwing down against Pennsylvania Gov. Tom Wolf (D) and the latter’s desire to tax casino free play. If Wolf’s proposal had been in effect last year, the state would have netted slightly less … Continue reading
Posted in Arizona, Colorado, Florida, Geoff Freeman, Illinois, International, Internet gambling, Marketing, Oklahoma, Pennsylvania, PokerStars, Taxes, Tribal
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Penn accentuates the positive
“Wait ’til next year” seems to be Penn National Gaming‘s mantra for the Tropicana Las Vegas. At present, the company is still installing Marquee Rewards, replacing older slot machines and getting out of any leased-game arrangements. It doesn’t expect any … Continue reading
Posted in California, Cordish Co., Dan Gilbert, Economy, Harrah's, Illinois, Internet gambling, Marketing, Maryland, Massachusetts, MGM Mirage, Penn National, PokerStars, Slot routes, The Strip, Tribal, Wall Street, West Virginia
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Caesars in hot water
Caesars Entertainment could be on the hook from anywhere between $3.6 billion to $5.1 billion in damages, thanks to a series of transactions that lessened the viability of subsidiary Caesars Entertainment Operating Co. That’s the conclusion of court-appointed examiner Richard … Continue reading
Posted in Dining, Harrah's, Marketing, Wall Street
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Adelson sets the pace; Philippine gaming scandal grows legs
As March gets off to a week start in Macao, operators who don’t yet have a presence on the giant landfill known as Cotai — namely Wynn Resorts, MGM Resorts International and Sociedade de Jogos de Macau — are being … Continue reading
Posted in Law enforcement, Macau, Marketing, Massachusetts, Melco Crown Entertainment, MGM Mirage, Penn National, Philippines, Regulation, Sheldon Adelson, Stanley Ho, Steve Wynn, Wall Street
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Wynn, Sands, Penn meet the Street
JP Morgan analyst Joseph Greff has had a busy week, meeting with most of the top companies in gaming. First up was Penn National Gaming, which had little new to report on the Tropicana Las Vegas other than it was … Continue reading
Posted in Economy, GLPI, Illinois, M Resort, Macau, Marketing, Massachusetts, Mississippi, Penn National, Sheldon Adelson, Singapore, Slot routes, Steve Wynn, The Strip, Wall Street
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Trump: The art of failure; Tribal gaming flexes its muscle
During a period (1995-2005) in which the Dow Jones Average Casino Index posted a 160% return on investment, Trump Hotels & Casinos ate dirt to the tune of a negative 89% ROI. By contrast, Boyd Gaming — unloved on Wall … Continue reading
Posted in Boyd Gaming, Dan Gilbert, Donald Trump, Economy, Marketing, Massachusetts, Neil Bluhm, New York, Ohio, Regulation, Scientific Games, Tribal, Trump Entertainment Resorts, Wall Street
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