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Category Archives: Neil Bluhm
Sunny summer in Pennsylvania; Stanley Ho seen!
Except for a 4% slippage in July, the motto around Pennsylvania might be, “Cannibalization? What cannibalization?” The Keystone State has shrugged off new competition from Ohio, from New York City, from Revel in Atlantic City, and even from within the … Continue reading
Posted in Atlantic City, Current, Dan Gilbert, Harrah's, Macau, Neil Bluhm, New York, Ohio, Penn National, Pennsylvania, Racinos, Regulation, Revel, Sheldon Adelson, Stanley Ho, Tribal, Wall Street
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Insanity in Illinois, Philadelphia
If insanity is doing the same thing over and over (and over) and expecting a different result, then we have outbreaks of it in both the Illinois Legislature and the Philadelphia casino market. In Pennsylvania, lawmakers have the disposition of … Continue reading
Posted in Cosmopolitan, Harrah's, Horseracing, Neil Bluhm, New York, Penn National, Pennsylvania, Politics, Racinos, Regulation, The Strip, Tribal, Wall Street
2 Comments
Beyoncé 1, Revel 0.5; Meet Harrah’s Philadelphia; Riviera realities
So the big, official, grand, this-time-we-really-mean-it opening of Revel Resort & Casino came and went … and all the media has been talking about is Beyoncé and how bootylicious she looks so soon after giving birth. (Seven-plus pages of YouTube … Continue reading
Posted in Atlantic City, Boyd Gaming, Cosmopolitan, Current, Economy, Entertainment, Fontainebleau, Harrah's, Marketing, Neil Bluhm, Pennsylvania, Racinos, Revel, Riviera, Sahara, The Strip, Tourism
5 Comments
Lovemania comes to Cleveland
Looking like death warmed over, Caesars Entertainment CEO Gary Loveman took time from promoting the opening of Horseshoe Cleveland to try and spin the unloading of Harrah’s Maryland Heights as another brilliant masterstroke, rather than more evidence of the shambles … Continue reading
Posted in Atlantic City, Colony Capital, Columbia Sussex, Current, Dan Gilbert, Economy, Florida, Harry Reid, Marketing, Maryland, MGM Mirage, Missouri, Neil Bluhm, Ohio, Penn National, Pennsylvania, Racinos, Wall Street
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Lies, damned lies and Illinois statistics; SJM: Still hanging in there
If state Rep. Lou Lang (D), the economic Rasputin of the upper Midwest, and his allies in the horsey set were actually conspiring to topple Illinois‘ casino industry in favor of quick-and-dirty racinos, they’ve done it cunningly. Frontal attacks on … Continue reading
Posted in Atlantic City, Boyd Gaming, Current, Economy, Harrah's, Horseracing, Illinois, Indiana, Iowa, Macau, MGM Mirage, Missouri, Neil Bluhm, Penn National, Politics, Racinos, Slot routes, Stanley Ho, Wall Street
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Illinois: Visit more, spend less; Harrah’s breaks losing streak
Although recent investor presentations by the major casino and game-making companies would leave one feeling pretty sanguine about the economy, “pallid” is the word for the industry’s performance in Illinois last month. Attendance at casinos rose 21% but spending was … Continue reading
Posted in Ameristar, Boyd Gaming, Economy, Harrah's, Illinois, Iowa, Isle of Capri, Macau, MGM Mirage, Neil Bluhm, Penn National, Sheldon Adelson, Steve Wynn, Taxes, The Strip, Wall Street
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Ides of March: Caesars, MGM, Wynn court Wall Street
Evidently J.P. Morgan‘s Gaming, Lodging & Leisure Management Access Forum, being held this week at Wynncore, isn’t sufficiently important to merit the attendance of Big Gaming’s CEOs. If Steve Wynn couldn’t make the stroll from his office to Encore’s meeting … Continue reading
Posted in Ameristar, Atlantic City, Boyd Gaming, CityCenter, Current, Detroit, Economy, Encore, Entertainment, Harrah's, Illinois, Internet gambling, Macau, Marketing, Maryland, Massachusetts, MGM Mirage, Neil Bluhm, Ohio, Politics, Regulation, Sheldon Adelson, Stanley Ho, Steve Wynn, Technology, The Strip, Tourism, Wall Street, World Series of Poker
2 Comments
Penn and Pennsylvania; Trop’s big screwup; Louisiana’s big month
A racetrack isn’t something you just pick up and relocate. However, Penn National Gaming has been given the go-ahead by the State of Ohio to “move” its Beulah Park and Raceway Park to, respectively, Youngstown and Dayton. They are presently … Continue reading
Bluhm, Boyd win in Illinois, everyone else loses
Well, not quite but the headline pretty much gives you January’s narrative in a nutshell. After backing out the contribution made by Neil Bluhm‘s new, category-killing Rivers Casino in Des Plaines, gambling revenue from the Land of Lincoln was a … Continue reading
Gilbert’s Dixie deal; Linq begins; Musical chairs at Penn
Dan Gilbert‘s descent upon the Baltimore market, in tandem with Caesars Entertainment, isn’t exactly news but the revelation that it will operate under the Harrah’s imprimatur (relegated to tertiary status by Caesars CEO Gary Loveman) certainly is. Gilbert’s undergraduate career … Continue reading
Posted in Current, Genting, Harrah's, M Resort, Maryland, Neil Bluhm, New York, Penn National, Pennsylvania, Racinos, Regulation, Sheldon Adelson, South Carolina, The Strip, Tourism, Tribal
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Aquedud?; Trump, chump
I apologize for feeding you some incorrect info earlier when I erroneously stated that the Philadelphia market lost business (apparently to Atlantic City) last month. Nope, Santa Claus was good to every casino in the Keystone State, although he could … Continue reading
Posted in Atlantic City, Charity, Current, Donald Trump, Economy, Election, Genting, Harrah's, Jack Binion, Neil Bluhm, New York, Pennsylvania, Sheldon Adelson, Sports, Tribal, TV, Wall Street
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Sheldon Adelson, wuss; MGM pounces; Slipper-y logic; Enter whining
What manner of fool spends $5 million to disseminate a film that he’s never seen and whose content he claims not to endorse? Sheldon Adelson, that’s who. After his latest political favorite got clobbered in the New Hampshire primary, Adelson … Continue reading
Posted in Alex Yemenidjian, Ameristar, Cordish Co., Dan Lee, Donald Trump, Economy, Election, Harrah's, Iowa, Isle of Capri, Jack Binion, Louisiana, Massachusetts, Mississippi, Movies, Neil Bluhm, Penn National, Pennsylvania, Pinnacle Entertainment, Politics, Racinos, Regulation, Sheldon Adelson, Station Casinos, Tourism, Transportation, Tribal, Tropicana Entertainment, TV
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Belated Christmas presents
Good news is busting out all over, starting in the unlikeliest place … Atlantic City. Ye Olde Boardwalk was up 4% last month, its first revenue-positive month in 15 quarters. Even a 10% fall in table drop couldn’t put a … Continue reading
Pennsylvania gives thanks; Aqueduct, superstar
This has been a terrible fortnight for S&G but, hey, we’ve got some good news from Pennsylvania. Last month’s gambling revenues were reported this morning and they’re up 12%, thanks mostly to the growing popularity of table games. (Atlantic City, … Continue reading
Quote of the Day
“Let me say this: Trees don’t grow to the sky. There is clearly a saturation point, and as you add additional competition, everybody’s total win will be going down.” — Rivers Casino owner Neil Bluhm, in reference to Illinois market. … Continue reading
Posted in Illinois, Neil Bluhm, Steve Wynn
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