Category Archives: Maryland

A good day for Caesars

In a preliminary victory for Caesars Entertainment, the vote on its Suffolk Downs racino proposal will be restricted to the East Boston ward. Sentiment is expected to run more heavily pro-Caesars there than in Boston at large. (The company plans … Continue reading

Posted in Election, Entertainment, Harrah's, Maryland, Massachusetts, Racinos, The Strip | Comments Off on A good day for Caesars

Murren woos Maryland; Downtown Grand shows promise

After hinting at a low-key design for his National Harbor casino proposal, MGM Resorts International CEO Jim Murren rolled out something fairly spectacular. The terraced, canopied design looks not a little futuristic and the Las Vegas Review-Journal was right to … Continue reading

Posted in Architecture, Dining, Downtown, Hard Rock International, International, Maryland, MGM Mirage, Penn National, Sheldon Adelson, The Strip | 1 Comment

Hope for Caesars; Dopes at Boyd

Perhaps the best thing yet to happen for Caesars Entertainment‘s Suffolk Downs project was a gift from the Massachusetts Gaming Commission. The latter’s chairman, Stephen Crosby, said that surrounding-community agreements would play an important role in choosing which operator gets … Continue reading

Posted in Boyd Gaming, Current, Entertainment, Harrah's, International, Macau, Maryland, Mississippi, The Strip | Comments Off on Hope for Caesars; Dopes at Boyd

Massachusetts: Small problem for Wynn, big trouble for MGM, Plainridge

Boston still has 10 weeks to reach terms with Suffolk Downs on a billion-dollar racino. That may explain Caesars Entertainment‘s apparent lack of urgency in reaching a host-community agreement. Beantown Mayor Thomas Menino‘s administration seems to be expending considerably more … Continue reading

Posted in Atlantic City, California, Cordish Co., Current, Harrah's, Marketing, Maryland, Massachusetts, Neil Bluhm, Penn National, Pennsylvania, Politics, Racinos, Regulation, Steve Wynn, Tomato King Procacci, Tribal | Comments Off on Massachusetts: Small problem for Wynn, big trouble for MGM, Plainridge

One Angry Man; MGM expansion bodes well

Y’know, if I was reporting a 120% profit increase in 2Q13, I might stop and enjoy the moment. I certainly wouldn’t choose that moment to be a dick. Obviously, I am not Sheldon Adelson. Proffering evidence that his second infancy … Continue reading

Posted in Current, Economy, Harrah's, International, Macau, Maryland, Massachusetts, MGM Mirage, Penn National, Sheldon Adelson, Steve Wynn, Tourism, Wall Street | 1 Comment

Fertitta moves on Lake Charles; Sexism triumphs at Boyd; Rhythm City blues

Earlier today, Pinnacle Entertainment announced that it had agreed with Golden Nugget to sell Ameristar Casinos‘ unfinished Lake Charles project at cost ($214 million and climbing). As Deutsche Bank analyst Carlo Santarelli noted, “We view this as a firm positive … Continue reading

Posted in Ameristar, Atlantic City, Boyd Gaming, Current, Harrah's, Iowa, Maryland, Missouri, Ohio, Pinnacle Entertainment, Racinos, Regulation, Texas, Tilman Fertitta, Wall Street | 2 Comments

Hail, Caesars; Some roads lead to Foxwoods; Bluhm disappoints

It’s not every day that Caesars Entertainment CEO Gary Loveman has a good idea. But when he does, it’s a real brainwave. Such has proven to be the case with Caesars’ purchase of social-gaming Web firm Playtika. The latter has … Continue reading

Posted in Hard Rock International, Harrah's, IGT, Illinois, Internet gambling, Macau, Maryland, Massachusetts, MGM Mirage, Neil Bluhm, Pansy Ho, Penn National, Pennsylvania, Politics, Regulation, Stanley Ho, Station Casinos, Taxes, The Mob, Transportation, Tribal | Comments Off on Hail, Caesars; Some roads lead to Foxwoods; Bluhm disappoints

Caesars: You only buy twice; To Russia with Ho; Land in (dis)trust

Do you already own stock in Caesars Entertainment? Congratulations. Thanks to the Nevada Gaming Control Board, you will have an opportunity to pay a second time for some of Caesars’ assets. Although it hopes to raise $1.2 billion from the … Continue reading

Posted in Current, Florida, Harrah's, International, Internet gambling, Lawrence Ho, Macau, Maryland, Ohio, Planet Hollywood, Regulation, Tribal, Wall Street | 2 Comments

Barton delivers; Penn takes the initiative

It was a somewhat mixed victory for the casino industry. Rep. Joe Barton (R-TX, left) revived a 2012 initiative, in the form of his Internet Poker Freedom Act, legislation that he’s been promising for a couple of election cycles now. … Continue reading

Posted in Architecture, Current, Internet gambling, Isle of Capri, Louisiana, Maryland, Massachusetts, Penn National, Pennsylvania, Politics, Regulation, Station Casinos, Steve Wynn, Taxes, The Strip | 1 Comment

Gold strike in Maryland; Ghost train; ‘Sell’ order on Sands; Wynn cleared

That elastic band which is American consumers’ gambling budget may have tightened in Illinois and gone slack in Ohio, but it’s expanding nicely in Maryland, now that table games are part of the mix. Sayeth the Maryland Lottery, revenues for … Continue reading

Posted in California, Cordish Co., Current, Economy, Macau, Maryland, Massachusetts, North Las Vegas, Penn National, Pennsylvania, Sheldon Adelson, Steve Wynn, Tourism, Transportation, Wall Street | Comments Off on Gold strike in Maryland; Ghost train; ‘Sell’ order on Sands; Wynn cleared

Case Bets: Crystals, Baltimore, Mohegan Sun, Macao

Somebody’s finally found a good use for Crystals: as a museum. Daniel Liebeskind‘s design of the property would be more conducive to viewing art than to shopping and it never has trouble drawing lookie-lous. (Customers, eh, not so much.) Somebody … Continue reading

Posted in Architecture, CityCenter, Current, Entertainment, Harrah's, Macau, Maryland, Massachusetts, MGM Mirage, Sheldon Adelson, Taxes, The Strip, Tourism, Tribal | 2 Comments

New bosses at Hooters; Caesars: If it worked for Obama … ?

While nobody wants to buy or even lease the Hooters Hotel, current owners Canyon Capital Realty Advisors at least have found some new gaming expertise for the property. In this case, “new” is a relative term, as the familiar faces … Continue reading

Posted in Current, Delaware, Harrah's, Hooters, Marketing, Maryland, Ohio, Pennsylvania, Politics, Racinos, Taxes, The Strip, West Virginia | 1 Comment

Wall Street visits Vegas: Wynn, Sands & MGM

Like the pig in a ham-and-egg breakfast, Deutsche Bank is committed to Las Vegas, while many of its brethren (like the chicken) merely hold an interest. However, DB’s $4 billion grubstake fortunately does not preclude analyst Carlo Santarelli from dropping … Continue reading

Posted in Cosmopolitan, Current, Economy, Entertainment, International, Macau, Marketing, Maryland, Massachusetts, Pennsylvania, Regulation, Sheldon Adelson, Steve Wynn, Wall Street | Comments Off on Wall Street visits Vegas: Wynn, Sands & MGM

New Maryland casino a hit; Casino lobbying a flop; Next: Sands Markham?

A thousand people waiting to get into a casino on opening day would be nothing at all in Las Vegas. But at Maryland‘s penultimate casino, Rocky Gap Resort, it’s a positive omen, especially since the mini-sino has but 10 tables … Continue reading

Posted in Atlantic City, Current, International, Internet gambling, Lyle Berman, Marketing, Maryland, Politics, Regulation, Sheldon Adelson, Singapore, Sports, Tribal | Comments Off on New Maryland casino a hit; Casino lobbying a flop; Next: Sands Markham?

Penn cloning process proceeds

Penn National Gaming has filed paperwork with the SEC for an IPO that would enable you to buy into 19 Penn casinos, including flop Hollywood Perryville (shown). This Penn stalking horse would go by the incredibly generic name of Gaming … Continue reading

Posted in Architecture, Current, Harrah's, Maryland, Massachusetts, MGM Mirage, Penn National, Pennsylvania, The Strip, Wall Street | Comments Off on Penn cloning process proceeds

Big vote in Beantown?; Penn National short-sheets Maryland

That’s what it could come to in Boston, if mayoral candidate — and current Suffolk County D.A. — Daniel Conley gets his wish. Rather than simply letting East Boston vote up or down on Caesars Entertainment‘s proposed conversion of Suffolk … Continue reading

Posted in Architecture, Current, Election, Harrah's, Internet gambling, Maryland, Massachusetts, MGM Mirage, Penn National, Politics, Racinos, Regulation, Station Casinos | 2 Comments

Cosmo finally learns; Parx’s Maryland play

We don’t know how it managed it but congratulations to The Cosmopolitan of Las Vegas. It finally realized how to market to those hitherto-elusive creatures known as “gamblers.” Casino revenue shot up 33%, winning $41 million from players, partly due … Continue reading

Posted in Cosmopolitan, Current, Maryland, MGM Mirage, Penn National, Pennsylvania, Politics, The Strip, Wall Street, West Virginia | Comments Off on Cosmo finally learns; Parx’s Maryland play

Retrenchment at Caesars; New brooms at Revel

It was one of the stupefying follies of the Caesars Entertainment LBO that CEO Gary Loveman believed the company could take on $30 billion in debt and continue to expand. Even as he tries to reshuffle old assets into new … Continue reading

Posted in Ameristar, Atlantic City, Current, Economy, Florida, Harrah's, Iowa, Marketing, Maryland, Massachusetts, Mississippi, Ohio, Revel, Tourism, Warner Gaming | 1 Comment

Cleveland: Gilbert appeases skeptics; Scientific Games dissed

Hey, if you had an albatross the size of Caesars Entertainment slung around your neck, you’d be understandably subject to skepticism and perhaps even being called out in public, perhaps to the point of getting tetchy about it. That’s the … Continue reading

Posted in Current, Dan Gilbert, Detroit, Harrah's, International, Maryland, Ohio, Racinos, Scientific Games, Technology, Wall Street, WMS Industries | Comments Off on Cleveland: Gilbert appeases skeptics; Scientific Games dissed

Happy days: Here again?; DIY Vdara Death Ray

America‘s casino officially emerged from the doldrums with the release of the American Gaming Association‘s yearly survey, showing a 5% increase in private-sector casino revenue, just $200 million shy of 2007’s record amount. Mind you, we have quite a few … Continue reading

Posted in Animals, Atlantic City, Cannery Casino Resorts, Current, Economy, Election, Entertainment, Indiana, Kansas, Maine, Maryland, Massachusetts, New Hampshire, New York, Penn National, Politics, Steve Wynn, Taxes, The Strip, Tourism, Vdara Death Ray | 1 Comment