Category Archives: MGM Mirage

Something's brewing on Koval; Echelon goes underground

Harrah’s Entertainment continues to demolish the low-rise apartment dwellings it accumulated behind its Barbary Coast/Flamingo/Imperial Palace/Harrah’s Las Vegas cluster of properties. Also, a shiny new fleet of construction trailers now sits where Bourbon Street‘s hotel tower once did. Could we … Continue reading

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Case Bets: Airport, Encore, Pahrump, Roadhouse

You know things are bad when McCarran International Airport offers space for three hotel-registration kiosks (ranging from 525 to 935 square feet, starting at $200/foot) and can’t find takers for all of them. Fifteen possible candidates were solicited and, when … Continue reading

Posted in Boulder Strip, Current, Harrah's, MGM Mirage, Sheldon Adelson, Steve Wynn, The Strip | Comments Off on Case Bets: Airport, Encore, Pahrump, Roadhouse

Turnaround for Lady Luck?

A reliable source sees some light at the end of the Lady Luck tunnel: “CIM took ownership of the timeshare property last Oct. as LL Timeshare. Just this month they’re doing the individual deed assignments.” Don’t get your hopes up … Continue reading

Posted in Downtown, International, James Packer, Macau, MGM Mirage, Sheldon Adelson, Stanley Ho, Steve Wynn, Wall Street | Comments Off on Turnaround for Lady Luck?

This just in …

So Tropicana Atlantic City trustee Justice Gary Stein wants to toss the existing bids for the property … possibly because better ones are being dangled before him. As a consequence, he wants to restart the clock, which would push the … Continue reading

Posted in Atlantic City, Columbia Sussex, Detroit, Donald Trump, Macau, MGM Mirage, Regulation | Comments Off on This just in …

Bargains? Shhhhhhhhhhhh!

Liz Benston takes a look today at the newest message from the Las Vegas Convention & Visitors Authority and finds the LVCVA “thinks it’s bad form to make references to ‘affordable’ and ‘cheap.’” Oh yes, God forbid anybody should think … Continue reading

Posted in Atlantic City, California, Downtown, Harrah's, LVCVA, Marketing, MGM Mirage, Sheldon Adelson, Station Casinos, The Strip | Comments Off on Bargains? Shhhhhhhhhhhh!

Harrah's: Digging to China

Given the recent freeze-out on new casino operators in Macao, executives at Harrah’s Entertainment might as well be sporting T-shirts that read, “I spent $577.7 million in Macao and all I got was this lousy golf course.” And, in light … Continue reading

Posted in Ameristar, Atlantic City, Harrah's, Macau, MGM Mirage, Penn National, Pennsylvania, The Strip, Tribal, Wall Street | Comments Off on Harrah's: Digging to China

Not smoking stunts your (revenue) growth

Let's get one thing clear: Smoking is a noxious habit that's likely to kill you and certain to alienate other people, in my opinion. (I had two grandparents who smoked until the air turned blue, then smoked some more, which … Continue reading

Posted in Boyd Gaming, Harrah's, Illinois, MGM Mirage, Penn National, Regulation, Sheldon Adelson | Comments Off on Not smoking stunts your (revenue) growth

From A(BBA) to Z

Too much blogohrrea and too little hydration have left me spent, drained, kaput-ski. (Mind you, some would say I’ve been running on empty for a long time.) And when our cranky blogging software devoured another hour’s worth of work — … Continue reading

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Quote of the Day; More MGM and Trop news

Cher: “[a] well-preserved diva-saur.” — The New York Post (Props to Jessica Roe for spotting this gem.) MGM Mirage 2.0? Two separate companies, one in hotels and one in gaming? Makes sense, especially with so much non-casino expansion into Dubai … Continue reading

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Wynn tells Wall Street where to go

Not so long ago, Steve Wynn stated an obvious truth: The our deepening recession would impact Las Vegas sooner or later. Wall Street promptly punished him by selling down Wynn Resorts stock. Fast-forward a few months and now it’s the conventional wisdom … Continue reading

Posted in Columbia Sussex, MGM Mirage, Sheldon Adelson, Station Casinos, Steve Wynn, The Strip, Wall Street | Comments Off on Wynn tells Wall Street where to go

Safety scandals still fester

No harm, no foul. That's more or less the company line coming out of One Harrah's Court, after Clark County reluctantly released a document detailing 34 fly-by-night remodeling jobs during the 2000-07 period. But following procedures codified in law apparently … Continue reading

Posted in Boyd Gaming, Harrah's, MGM Mirage, Politics, The Strip | Comments Off on Safety scandals still fester

Did he or didn't he?

While I'm somewhat skeptical of the claims of Richard Suen, vis-a-vis his relationship with Las Vegas Sands, if he wins his lawsuit in Clark County District Court, he'll probably have Sands executives to thank for it. They've been tripping over … Continue reading

Posted in Downtown, Harrah's, MGM Mirage, Sheldon Adelson, Station Casinos, The Strip | Comments Off on Did he or didn't he?

‘Luxoricana’?; When unions attack (each other)

Labor unions aren’t very popular these days but sometimes even the mere threat of one is enough to effect improvements. Such seems to be the case at Luxor, where the International Union of Security, Police & Fire Professionals of America … Continue reading

Posted in Atlantic City, Columbia Sussex, Kentucky, MGM Mirage, Regulation, Sheldon Adelson, The Strip | Comments Off on ‘Luxoricana’?; When unions attack (each other)

A reader's suggestion

… and, no, it isn’t that I perform anatomical impossibilities on myself. Rather, one of LVA‘s faithful “Question of the Day” readers suggests we run a poll or forum topic (or maybe both) on niggling little subtractions from Vegas casino … Continue reading

Posted in Downtown, Harrah's, MGM Mirage, The Strip | Comments Off on A reader's suggestion

A good question

Math was always my worst subject, so it’s a good thing I’ve got sharp-eyed readers who keep me honest. One of them asks how MGM Mirage is going to save $75 million (later restated by the company as $200 million) … Continue reading

Posted in Baseball, International, Macau, MGM Mirage, Mississippi, Taxes, Wall Street | Comments Off on A good question

MGM Mirage: What's it all about?

By now it’s old news that MGM Mirage took a paring knife to its personnel roster and gave 440 staffers the sack on Monday. Admittedly, saving $75 million seems like trimming a fingernail off a company whose 2007 profit was … Continue reading

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Monte Carlo: What the f…?

You know those fellows who set the Monte Carlo on fire? Well, it seems they were working under a window-washing permit. I kid you not. Tony Illia ran down this gem, which adds to the tragi-comedy of how Union Erectors … Continue reading

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Exodus from L.V. Trop continues

There will soon be even fewer reasons (not that there are many left) to visit the Las Vegas Tropicana. Instead of having to navigate a defunct escalator to see Bodies … The Exhibition or Titanic: The Artifact Exhibition, you'll be … Continue reading

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A.C. Trop to go begging?

You have to wonder after reading this story, which suggests that — out of a field of two-dozen potential suitors for the Atlantic City Tropicana — virtually everyone is heading for the tall grass. Or maybe it's an en masse … Continue reading

Posted in Ameristar, Atlantic City, Columbia Sussex, Harrah's, MGM Mirage, Pinnacle Entertainment | Comments Off on A.C. Trop to go begging?

Desperation in Florida

Is Isle of Capri‘s racino a disappointment (especially for horsemen)? Is Boyd Gaming taking Florida expansion off the table? Is Magna Entertainment threatening to close overextended Gulfstream Park? What’s a Florida lawmaker to do? Why, legalize every form of gambling … Continue reading

Posted in Atlantic City, Boyd Gaming, Florida, Horseracing, MGM Mirage, Penn National, Pinnacle Entertainment, Politics, Tribal | Comments Off on Desperation in Florida