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Category Archives: MGM Mirage
Election special: New Jersey, New York, Oregon
An MGM Resorts International executive with whom I spoke yesterday told me the New Jersey casino ballot initiative is trailing badly in the polls. We hope he’s right, especially as news of the closure of Trump Taj Mahal (and Glenn … Continue reading
Posted in Atlantic City, Carl Icahn, Charity, Economy, Election, Foxwoods, Glenn Straub, Harrah's, Hooters, MGM Mirage, Mohegan Sun, New York, Oregon, Politics, Revel, Tribal, Tropicana Entertainment, Unite-Here
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Indiana gamblers visit less, play more; Rude surprise at Seminole Hard Rock
Indiana casino customers visited less last month but more than made up for it with increased spending, keeping Hoosier State gaming revenues stable. That even-keel figure conceals some big swings and roundabouts at individual property. Horseshoe Hammond had an unaccountably … Continue reading
Station tries to shed excess baggage; Steve Wynn’s big ape
Back in 2004, when euphoria ran high in the casino industry, Station Casinos got carried away and spent nearly $34 million on the dilapidated Castaways, at the north end of the Boulder Strip. Despite commissioning a design from Ed Vance for … Continue reading
Murren minces few words; Wynn Boston Harbor sets opening date
Commiting truth isn’t as rare in the casino business as in politics but MGM Resorts International CEO Jim Murren was startlingly candid in yesterday’s earnings call, crediting a surge in Las Vegas summer business to a Zika virus outbreak in Florida, … Continue reading
Posted in Atlantic City, California, Carl Icahn, Entertainment, Florida, Foxwoods, International, Internet gambling, LVCVA, Massachusetts, MGM Mirage, Mohegan Sun, Politics, Riviera, Singapore, South Korea, Steve Wynn, The Strip, Tourism, Transportation, Tropicana Entertainment, Trump Entertainment Resorts, Unite-Here, Wall Street
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Wynn Boston Harbor breaks ground; MGM modestly beats expectations
Somerville Mayor Joseph Curtatone has apparently thrown in the towel in his opposition to Wynn Boston Harbor, with the consequence that construction will have begun by this time tomorrow. The $2.1 billion project’s endurance is a tribute to Bostonian Steve Wynn‘s … Continue reading
Posted in California, Environment, Geoff Freeman, Macau, Massachusetts, MGM Mirage, Mississippi, Mohegan Sun, Penn National, South Korea, Sports, Steve Wynn, Technology, The Strip, Transportation, Wall Street
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Nevada’s oldest casino turns 85; Flynt doubles down on Lucky Lady
Contrary to the impression of many, yours truly included, the oldest operating casino in Nevada isn’t the Golden Gate but the 85-year-old Railroad Pass, just outside of Boulder City. It even still has its original vault. New owner Joe DeSimone … Continue reading
Posted in Australia, Boulder Strip, California, Entertainment, Galaxy Entertainment, history, International, Macau, Marketing, MGM Mirage, Technology, The Strip
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Mashpee casino blocked; Wynn: Doing more with less
Carcieri v. Salazar and the Indian Reorganization Act have come back to bite the Mashpee Wampanoag tribe in the hindquarters. U.S. District Judge William G. Young has ruled against a Taunton casino project, siding with the contention of a group … Continue reading
Posted in Boyd Gaming, Charity, Eldorado Resorts, Foxwoods, Genting, Harrah's, history, International, Internet gambling, Isle of Capri, Macau, Massachusetts, MGM Mirage, Mississippi, Neil Bluhm, Pennsylvania, Regulation, Steve Wynn, Taxes, Tilman Fertitta, Tribal
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Land of the Rising Hopes; Delaware racinos struggle
It will take a constitutional amendment to make it happen but casinos could be back on the political agenda in Japan. In a promising development, he strengthened his position in the Diet, apparently freeing his Liberal Democratic Party from its … Continue reading
Posted in Boulder Strip, Delaware, Florida, Japan, Kazuo Okada, Macau, Marketing, MGM Mirage, Mohegan Sun, Politics, Steve Wynn, Taxes, Tribal, Wall Street
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Analysts: Buy Penn!; Veteran columnist calls it quits
According to J.P. Morgan analyst Joseph Greff, “meaningful contributions” from the Tropicana Las Vegas, Plainridge Park Casino and Illinois slot route Prairie State Gaming drove a 14.5% improvement in Penn National Gaming‘s cash flow last quarter. M Resort hit a … Continue reading
Posted in Alabama, California, Economy, Election, Entertainment, Fontainebleau, Illinois, M Resort, Marketing, Massachusetts, MGM Mirage, Penn National, Politics, Sheldon Adelson, Slot routes, Station Casinos, The Strip, Tribal, Wall Street
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Poker players 1, Adelson 0; Competition in Maryland gets ugly
For the first time in anyone’s recollection, the Republican Party has dropped its opposition to Internet poker from the election platform. It’s a win for the Poker Players Alliance, which lobbied for the change of heart. This doesn’t mean the … Continue reading
Posted in Cordish Co., Donald Trump, Election, Harrah's, Indiana, Marketing, Maryland, MGM Mirage, Politics, Sheldon Adelson
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Plainridge Park hits the one-year mark; Pennsylvania casinos spurn booze tax
Recording its first anniversary with a reported $160 million in revenue, against projections closer to $300 million, is Penn National Gaming‘s Plainridge Park a dud? Not so fast. The casino reports the highest win/slot/day by far of any casino for … Continue reading
Posted in Atlantic City, Boyd Gaming, Election, Internet gambling, Massachusetts, MGM Mirage, Neil Bluhm, New York, Penn National, Pennsylvania, PokerStars, Regulation, Revel, Rhode Island, Sheldon Adelson, Steve Wynn, Taxes, Tribal
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Tribal gaming reaches new high; New concept for Railroad Pass
Last year was the best ever for tribal casinos, up 5% from 2014, coming in just a bit shy of $30 billion. Recent efforts to align tribal and private-sector casino interests come at a time when the tribal sector could … Continue reading
Posted in Architecture, Dubai, Economy, Election, Indiana, Kazuo Okada, Macau, MGM Mirage, Mississippi, Nebraska, Philippines, Regulation, Transportation, Tribal, Tropicana Entertainment
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Acrimony grows at Taj; Racism in Nebraska election race
As protests against Carl Icahn spilled over into New York City, his casino CEO, Anthony Rodio, sent ominously mixed signals about the future of Trump Taj Mahal. On the one hand, he offered a partial restoration of health benefits and … Continue reading
Posted in Atlantic City, Boyd Gaming, Carl Icahn, Donald Trump, Entertainment, Galaxy Entertainment, Iowa, Lake Tahoe, Macau, MGM Mirage, Minnesota, Nebraska, Racinos, Regulation, Tribal, Tropicana Entertainment, Unite-Here
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Israel moves toward casinos; West Virginia mulls ‘Net betting
We’ve been surprised that Sheldon Adelson isn’t overtly pushing for casinos in Israel, especially upon reading that the city of Eilat “smells and feels a little bit like a very small version of Vegas.” It’s well away from the rest … Continue reading
Posted in Genting, International, Internet gambling, Maryland, Massachusetts, MGM Mirage, Pennsylvania, Problem gambling, Tribal, West Virginia
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Poker hands across the ocean; New offer in Caesars bankruptcy
Spurning Nevada and Delaware, the state of New Jersey is exploring an online-poker compact with the United Kingdom. The deal, if consummated, would allow the two entities to share players and liquidity. “Even when you discount children and non-gamblers, it gives … Continue reading
Posted in Atlantic City, Glenn Straub, Harrah's, International, Internet gambling, Iowa, MGM Mirage, Regulation, Revel, Technology, The Strip, Transportation, Warner Gaming
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Casinos invest in Illinois slot routes; More turmoil in Adelsonia; MGM takes proxy war to Capitol Hill
After having spent four years being clobbered by slot routes (the installed slot base has reached 23,406 machines), Illinois casinos have decided they’d rather switch than fight. Investors in Rivers Casino have purchased a stake in lead operator Acel Entertainment … Continue reading
Posted in Atlantic City, Foxwoods, Glenn Straub, Illinois, MGM Mirage, Mohegan Sun, Neil Bluhm, New York, Penn National, Politics, Revel, Sheldon Adelson, Slot routes, Vietnam
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Happy ending for casino site; DFS not out of the woods in New York
There’s a happy ending to the saga of Bavarian Brewery, which had been purchased by Columbia Sussex a decade back in hopes that it would be Kentucky‘s first casino. The building has lain fallow ever since and ColSux has gone … Continue reading
Posted in Architecture, Boyd Gaming, Columbia Sussex, Geoff Freeman, GLPI, Harrah's, Illinois, Internet gambling, Kentucky, Law enforcement, Massachusetts, MGM Mirage, Neil Bluhm, New York, Penn National, Sports
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Station trumps stadium selection
Station Casinos has vaulted to the forefront of the parties vying to host an NFL-size stadium on their property. While Station’s vast real estate bank has long been viewed as the ace up its sleeve, the company has had difficulty … Continue reading
Posted in Architecture, Lucky Dragon, MGM Mirage, Riviera, Sheldon Adelson, SLS Las Vegas, Sports, Station Casinos, The Strip, Transportation
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Icahn leaves Taj workers nostalgic for Trump; Megaresort proposed for NYC
You can measure the acrimony between Unite-Here Local 54 and Tropicana Entertainment by the fact that striking workers at Trump Taj Mahal are using Donald Trump as a stick with which to beat Carl Icahn. By astutely negotiating a pact … Continue reading
Posted in California, Carl Icahn, Charity, Cordish Co., Cosmopolitan, Donald Trump, Election, Entertainment, Genting, Georgia, Glenn Straub, Harrah's, Horseracing, Illinois, Macau, Marketing, Melco Crown Entertainment, MGM Mirage, New York, Regulation, Revel, Stanley Ho, Tribal, Tropicana Entertainment, Trump Entertainment Resorts, Unite-Here
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What’s the verdict, Jack, er, Dan?; AGA & NIGA join forces
Cleveland Cavaliers playoff games were good for Dan Gilbert‘s casino businesses. His Jack Cleveland casino was up 13%, to $16 million last month. It’s far too soon for a verdict on the “Jack” (as in “up yours, asshole”) brand, which … Continue reading
Posted in Dan Gilbert, Eldorado Resorts, G2E, Geoff Freeman, Hard Rock International, Internet gambling, Marketing, Massachusetts, MGM Mirage, Ohio, Penn National, Pennsylvania, Pinnacle Entertainment, Sheldon Adelson, Slot routes
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