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- Atlantic City rebounds; Sibella dumped; NFL suspicions
- MGM limping back; Atlantic City follies; Wall Street Jottings
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- Ray Lebowski on Sibella scandal spreads; Supremes forestall Seminoles
- David McKee on Sibella scandal spreads; Supremes forestall Seminoles
- Ray Lebowski on Sibella scandal spreads; Supremes forestall Seminoles
- David McKee on MGM crippled; Illinois & Indiana report; Bally’s shaky in Chi
- Paul Shanahan on MGM crippled; Illinois & Indiana report; Bally’s shaky in Chi
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Category Archives: New York
No cannibalization in K.C.!; Nebraska: Phhhhhttt!
February numbers are in for Hollywood Casino at Kansas Speedway and it lifted the entire K.C. market 24%, grossing $15 million in 26 days. Once the Hollywood effect is sifted out of monthly revenues, all other casinos were down only … Continue reading
Posted in Ameristar, Current, Harrah's, Horseracing, Isle of Capri, Kansas, Missouri, Nebraska, New York, Ohio, Penn National, Pennsylvania, Politics, Racinos, Regulation, Wall Street
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Atlantic City: Low prices and high dudgeon
That shriek of dismay you hear from the direction of Atlantic City is the screech of hotelier Curtis Bashaw (left). What is the cause of his umbrage? The discovery that a hotel room in A.C. can be had for as … Continue reading
Las Vegas: What’s next?
If I had a crystal ball for Las Vegas’ future, I’d be a wealthier man. Not having one, I consulting some fellows far more perspicacious than myself. In no particular order they include Dennis Conrad, scholars Bill Eadington, Eugene Moehring … Continue reading
Posted in Downtown, Economy, Entertainment, history, Macau, MGM Mirage, Movies, New York, Sheldon Adelson, The Strip, Tribal
4 Comments
Dear Floridians …; Mission unfinished; Blue skies
Sarah Palin says, “vote for Newt, annoy a liberal, vote Newt.” I say, “Vote Newt, please, because the concurrent stream of Sheldon Adelson stories is a blogger’s dream come true. Keep that gravy train going!” (Besides, it’s had the side … 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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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
Atlantic City: Fertitta struggling, Gomes triumphing, Boyd steady
No surprise that Borgata remains in a class by itself among Atlantic City resorts. It finished October at 0.0% deviance from last year, as flat as “flat” can be. The lone gainer in the market was Resorts Atlantic City, up … Continue reading
Another victory like this …
In one of the most Pyrrhic victories in casino-industry history, Colony Capital has managed to prevent foreclosure of the former Atlantic City Hilton. But the cost of victory outweighs the gain. Colony got itself out of this scrape by giving … Continue reading
Posted in Colony Capital, Current, Dennis Gomes, Genting, Mississippi, New York, Politics, Racinos, Regulation, Tilman Fertitta, Wall Street
1 Comment
Is MGM Grand Detroit too successful for its own good?
From a labor-relations standpoint, yes. Although workers at Greektown Casino were quick to ratify a new collective-bargaining agreement, closely followed by MotorCity Casino, it was a different story across town. Employees of MGM Grand Detroit decided their union reps were … Continue reading
Posted in Atlantic City, Current, Detroit, Economy, Election, MGM Mirage, New York, Penn National, Racinos, Sheldon Adelson, Sports, Tourism, Wall Street
1 Comment
Big ‘boing’ in Pennsylvania; Labor strife in Detroit
Casino revenues last month in Pennsylvania must have been riding a pogo stick — up 13% from last year. That includes a 39% moonshot in table revenues. Leaders include Sands Bethlehem (22%, right), while Penn National‘s eponymous racino must be … Continue reading
Posted in Cannery Casino Resorts, Current, Detroit, Economy, Genting, Harrah's, Indiana, International, Louisiana, MGM Mirage, Neil Bluhm, New York, Ohio, Penn National, Pennsylvania, Pinnacle Entertainment, Racinos, Sheldon Adelson, Sports, Taxes
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Pat Quinn finally gets it
After four months of vacillation, Gov. Pat Quinn (D-IL) has gotten off the fence and announced his opposition to multiple racinos within Illinois (and to slot routes at airports). Noting that the state already subsidizes the sport of kings, he … Continue reading
Posted in Atlantic City, Current, Horseracing, Illinois, New York, Politics, Racinos, Regulation, Sports
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Monopoly over Miami
A recent visitor to Las Vegas from the Pacific Rim told me that Sheldon Adelson has worn out his welcome in Macao (which is on pace to eclipse all other gaming markets combined) and is fast doing so in Singapore. … Continue reading
Posted in Archon Corp., Current, Economy, Florida, Genting, Harrah's, Internet gambling, Laughlin, Macau, Massachusetts, New York, Pennsylvania, Politics, Racinos, Sheldon Adelson, Singapore, Stanley Ho, Steve Wynn, Taxes, Wall Street
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Gaming is on the march
Add Kentucky to the states that have casino-style gambling, at least temporarily. Owners of Kentucky Downs found a loophole in Bluegrass State law and galloped through it. “Instant Racing” is the sort of VLT game you might find at a … Continue reading
Loveman waffles on Philly … again; Sands and Galaxy surge
After getting into, then out of the incompetent Lewis Katz/Ed Snider casino consortium in Philadelphia, “direct discussions” are being held by Caesars Entertainment to reenter the moribund project. Its backers are asking for — guess what? — yet another two-month … Continue reading
Posted in Genting, Harrah's, Macau, Neil Bluhm, New York, Pennsylvania, Racinos, Regulation, Sheldon Adelson, Steve Wynn, The Strip, Wall Street
3 Comments
The lost weekend; Machine Gun Bloom
When casino revenues weren’t as bad as expected, earlier this summer, one Atlantic City property executive called it a light at the end of the tunnel. Elsewhere, S&G reader American Gaming Guru pithily remarked that the light was an oncoming … Continue reading
Somebody sent us these …
It is difficult to say what looks phoniest about that picture: the cryingly obvious studio background of Venelazzo; the frozen grins on the faces of the agonized-looking models; or maybe it’s the fact that you could go into any Vegas … Continue reading
Quote of the Day
“As an economy based almost solely on tourism and entertainment, Nevada — and especially Las Vegas — should accept reality, embrace the inevitable, repeal the state’s ban on gay marriage, and scarf up on the tourism bonanza that would result … Continue reading
They’ve seen the future …
… and it’s Singapore. That’s good news if you’re Sheldon Adelson, less auspicious if you’ve got a weak track record as a developer (coughCaesars Entertainmentcough). And if Chad Mollman‘s correct, does this mean Steve Wynn has soured on his proposed … Continue reading
Those evil casinos; Lost in Yonkers; Found in Bethlehem
Floating down the river of DeNile, Sharron Angle says a senatorial seat that was rightfully hers was filched by “the casinos,” among other malefactors. Of course, this is the same woman who would have subtracted CityCenter from the local tax … Continue reading
Posted in Atlantic City, CityCenter, Current, Election, Maine, New York, Pennsylvania, Politics, Racinos, Sheldon Adelson, Taxes, The Strip, Tourism
1 Comment