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Category Archives: Ohio
Leaving Las Vegas
At least 28,000 have done so over the two years-plus (probably more when you allow for the people still moving here). What are the likely consequences of Las Vegas‘ pegging its future on a one-trick economy? And is it going … Continue reading
Posted in Atlantic City, CityCenter, Current, Detroit, Economy, Election, Horseracing, Indiana, MGM Mirage, Ohio, Pennsylvania, Racinos, The Strip, Tourism, Tribal
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Leaving Las Vegas
At least 28,000 have done so over the two years-plus (probably more when you allow for the people still moving here). What are the likely consequences of Las Vegas‘ pegging its future on a one-trick economy? And is it going … Continue reading
Posted in Atlantic City, CityCenter, Current, Detroit, Economy, Election, Horseracing, Indiana, MGM Mirage, Ohio, Pennsylvania, Racinos, The Strip, Tourism, Tribal
Comments Off on Leaving Las Vegas
What's a Trump casino worth?
Only $14 million in cash (plus a $100 million equity infusion), according to The Donald. Bondholders say, we’ll see your $115 million and raise you $100 million. The latter would recoup at least some — but not very much — … Continue reading
Posted in Atlantic City, Baseball, Current, Donald Trump, Fontainebleau, Harrah's, Harry Reid, Horseracing, Illinois, International, Internet gambling, Lawrence Ho, M Resort, Macau, Massachusetts, Melco Crown Entertainment, Neil Bluhm, Ohio, Oklahoma, Penn National, Pennsylvania, Politics, Regulation, Sheldon Adelson, Slot routes, Sports, Station Casinos, Steve Wynn, Taxes, Texas, Tribal
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Case Bets: Corzine, Penn vs. MTR, Pinnacle, Manilow & strippers
Forbidden by New Jersey law from directly contributing to political campaigns, casino companies are making an end run through Virginia. Harrah’s Entertainment, Boyd Gaming and IGT are among those funneling campaign cash into a reverse version on the Underground Railroad. … Continue reading
Posted in Atlantic City, Boyd Gaming, Current, Economy, Election, Entertainment, Harrah's, Horseracing, IGT, Illinois, Iowa, Kansas, Louisiana, Ohio, Penn National, Pennsylvania, Pinnacle Entertainment, Politics, Regulation, The Strip
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Crime doesn't pay; Wyden wimps out
Five dimes worth of damage, $40,000 bail — and all to wrest a measly two grand from some vending machines at Harrah’s Atlantic City. That’s the losing bet made by two security guards. Couple this with the floormen who destroyed … Continue reading
Posted in Atlantic City, Harrah's, Harry Reid, Horseracing, Internet gambling, Louisiana, Neil Bluhm, Ohio, Oklahoma, Pennsylvania, Planet Hollywood, Politics, Sheldon Adelson, Technology, Wall Street
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Big Trop shakeup
During his absent-minded interregnum as Tropicana Las Vegas CEO Scott Butera nearly denuded the casino of on-property entertainment. Only the hasty re-signing of Xtreme Magic left the Trop with a show in the house. Over time, Butera’s people added a … Continue reading
Posted in Alex Yemenidjian, Current, Entertainment, Horseracing, Maryland, Ohio, Penn National, The Strip, Tropicana Entertainment
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The Yung & the heartless
Our good buddies at Columbia Sussex, who still maintain toeholds in the Las Vegas and Lake Tahoe markets, continue to make friends in time-honored fashion. For instance, with dicta like: “Fire the old lady in sales.” (A more detailed version … Continue reading
Posted in Columbia Sussex, Current, Ohio
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Case Bets: Ohio, Trump, Fahrenkopfian outrage
With racinos a done deal in Ohio, a suddenly frisky Harrah’s Entertainment is shopping around for a Cleveland-area track. If anything, I’m surprised competing companies haven’t beaten Harrah’s to the punch, but it seems to have sucker-punched its rivals. Good … Continue reading
Posted in Atlantic City, Cordish Co., Donald Trump, Harrah's, Labor, Maryland, Ohio, Wall Street
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Strange happenings at Penn Nat'l, Harrah's
While everybody's been focusing on the implosion of Station Casinos, the analysts at J.P. Morgan snuck out one of the more unusual (and entertaining) reports I've ever come across. They pored over Penn's 2Q09 filing and had some tales to … Continue reading
Posted in Ameristar, Boyd Gaming, Current, Economy, Harrah's, Illinois, Indiana, Kansas, Louisiana, Marketing, MGM Mirage, Ohio, Penn National, Station Casinos, Wall Street
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