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- David McKee on Sibella scandal spreads; Supremes forestall Seminoles
- Ray Lebowski on Sibella scandal spreads; Supremes forestall Seminoles
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Category Archives: Penn National
Jason lives … at Station Casinos
Jason Voorhees (well, one of the many) is Station Casinos‘ general manager for the tribally owned Thunder Valley Casino, near Sacramento. No, I’m not making this up. Uncle Sheldon says … that convention business will be “80% of normal” in … Continue reading
So much news …
… so little time. East Coast casinos are stepping up their Asian-American marketing … and people are complaining? Don’t do it and you’re culturally insensitive. Do it and you’re predatory. This is one of those perception battles casinos will never … Continue reading
Harrah’s, Penn & pols play chess in Ohio
Even as Harrah’s Entertainment was closing its purchase of an Thistledown Race Track, lawmakers were moving to foreclose the prospect of racinos in that state. This doesn’t preclude Buckeye State voters for approving as many as seven racinos this fall, … Continue reading
Posted in Current, Harrah's, Horseracing, Ohio, Penn National, Politics, Racinos, Regulation, Taxes
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Motley Crew
(Editor’s note: Whoever labeled the photo at left misplaced the captions. FF3 is the guy having the good hair day and brother Lorenzo is the one with the handkerchief in his breast pocket.) In my 15 years of following the … Continue reading
Gary Loveman, pauper
Count Harrah’s Entertainment CEO Gary Loveman among the victims of the Great Recession. His total compensation for 2009 plummeted over 85%. The $1.9 million base pay is old news; the ex-prof also had to settle for a mere $3 million … Continue reading
Posted in Boyd Gaming, Cosmopolitan, Economy, Election, Harrah's, Horseracing, Ohio, Penn National, Racinos, Technology, The Strip, Wall Street
3 Comments
Mixed signals along the rivers
Last month’s results from Missouri are as might be expected. The opening of Pinnacle Entertainment‘s River City lifted state revenues overall (6%) but at the price of a fair amount of cannibalization — mainly at other Pinnacle properties, although it … Continue reading
Posted in Ameristar, Boyd Gaming, Columbia Sussex, Cordish Co., Detroit, Economy, Harrah's, Illinois, Indiana, Missouri, Penn National, Pinnacle Entertainment, Tribal, Tropicana Entertainment, Wall Street
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Illinois’ results are good, Sands’ are better
Praise be! Casino revenues in Illinois were actually flat (+0.5%) last month. It’s mainly a consequence of Penn National‘s Empress Joliet being back in the fray, raking in $40 million. (You’ll recall that, a year ago, its pavilion was but … Continue reading
Posted in Current, Economy, Harrah's, Macau, MGM Mirage, Missouri, Penn National, Pennsylvania, Pinnacle Entertainment, Regulation, Sheldon Adelson, Singapore, The Strip
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Sheldon’s smokin’ (something)
If any other gaming CEO than Sheldon Adelson opened the most expensive casino ever ($5.5 billion) and projected it would recoup its tab in five years — requiring a return on investment well above 20% when you take operating costs … Continue reading
Case Bets: Maryland, Foxwoods, problem gambling
It’s not even been 18 months since Maryland voters gave their assent to slot houses — a time in which the state has to erect a regulatory apparatus, vet applicants, and then wait for the latter to get up and … Continue reading
Posted in Cordish Co., Current, Economy, Kansas, Marketing, Maryland, MGM Mirage, New York, Penn National, Pennsylvania, Politics, Problem gambling, Racinos, Regulation, Taxes, Tribal
1 Comment
First, the good news …
Congratulations to MGM Mirage for being named, for the fourth time in five years, to DiversityInc‘s “Top 50 Companies for Diversity.” Like predecessor J. Terrence Lanni, not only does CEO Jim Murren say the right things (“As long as I … Continue reading
Posted in Current, Economy, Internet gambling, MGM Mirage, New York, Penn National, Politics, Racinos, Regulation, Sahara, Sheldon Adelson, Sports, The Strip, Wall Street
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Fortune doesn’t favor the Boyd
Fortune, in the sense of “destiny,” supposedly favors the bold. Fortune, the magazine, holds no great affection for Boyd Gaming. Since the company is one for which I’ve long had high regard, it gives me no pleasure to report this. … Continue reading
Posted in Boyd Gaming, Charity, Current, Harrah's, International, Isle of Capri, Macau, MGM Mirage, Movies, Penn National, Sheldon Adelson, Steve Wynn, Wall Street
4 Comments
The good, the bad & the very ugly photo
For perhaps the first time in his career, Steve Wynn is being called “cheesy.” It’s in connection with his new Philadelphia casino project, the erstwhile Foxwoods. (If, has been mooted, it’s just called “S.W.“, that would be pretentious but not … Continue reading
Penn: “You stupid darkness!”
In one of my absolute favorite Peanuts strips, Charlie Brown finds Linus out in the night, carrying a taper. Asked to explain, Linus replies that it’s better to light a single candle than curse the darkness. Cut to Lucy, elsewhere, … Continue reading
Posted in Current, Economy, Maryland, Ohio, Penn National, Pennsylvania, The Strip, Wall Street
3 Comments
Aqueduct: Penn got hosed
Despite its runaway hyperbole, this Empire State editorial makes a good point: The Aqueduct racino deal smells like a week-old fish and ought to be investigated. (It isn’t — but it should be.) Since all bids involved multiple players, sorting … Continue reading
Posted in Alabama, Atlantic City, Carl Icahn, Downtown, Fontainebleau, Harrah's, Macau, MGM Mirage, New York, Penn National, Pennsylvania, Politics, Racinos, Sahara, Steve Wynn, Tamares Group, The Strip, Tribal, TV
2 Comments
Planet Ho abdicates to Harrah’s
Sheraton Operating Corp. is bugging out of Planet Hollywood Resort — which has already lost some of its top management — and handing the keys to Harrah’s Entertainment. The latter will have something of a challenge filling the nearly 2,500 … Continue reading
From the S&G Twitter feed …
• Fertittas sell 10% of UFC to Abu Dhabi, new LV sugar daddy, presumably to stave off [Boyd Gaming] takeover of [Station Casinos]. http://tinyurl.com/yzhbmv2 • [Penn National Gaming] gets deadline extension in [Kansas]. http://tinyurl.com/yawfuqk • Aria room rates continue to … Continue reading
Posted in Boyd Gaming, CityCenter, Current, Entertainment, Florida, International, Kansas, MGM Mirage, Penn National, Politics, Regulation, Sports, Station Casinos, Steve Wynn, The Strip, Tribal, TV
5 Comments
Big payoff for Pennsylvania
Gov. Ed Rendell (D) and other state leaders have got to be feeling the love for the Keystone State‘s budding casino industry, which generated over $1 billion in tax revenue last year. That boffo return was achieved without table games … Continue reading