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Category Archives: Pennsylvania
While Atlantic City burns …
While Atlantic City burns, Gov. Chris Christie fiddles. After coming into office saying the right things about helping the state’s casino industry, Christie has spent most of first months in office dithering uselessly. Having waited until A) the Revel project … Continue reading
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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Adelson does it again
Despite vigorous attempts by Singapore to discourage its own citizens from gambling, it’s not working. Even a $72 admission charge isn’t keeping them out. Better still, VIP junketeers are encountering smoother access than was expected. (Junket scrutiny in Singapore is … Continue reading
Posted in Current, Economy, Genting, International, Macau, Pennsylvania, Regulation, Sheldon Adelson, Singapore
4 Comments
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
Adelson disappoints again, as does Kansas
“I don’t think we’re counting on them carrying the ball like we thought they would,” is the bottom line of a Wall Street Journal story on Las Vegas Sands‘ failure to complete $743 million Sands Bethlehem. Even though he once … Continue reading
Posted in Current, Economy, Kansas, Lyle Berman, Pennsylvania, Racinos, Regulation, Sheldon Adelson, Steve Wynn, Tourism
2 Comments
From the mailbag: Wynn in Philly
A longtime observer of the industry (and player) has this to say about Steve Wynn‘s revised sales pitch to the City of Philadelphia … “Unlike too many folks, I don’t worship Steve Wynn (in fact, I’ll never forgive him for … Continue reading
Posted in Atlantic City, Current, Harrah's, Maryland, Neil Bluhm, Pennsylvania, Steve Wynn, West Virginia
2 Comments
Wynn delivers
Surprising as ever, Steve Wynn showed up in Philadelphia yesterday bearing a sheaf of renderings for his proposed casinos — three weeks ahead of schedule. Wynn’s final design looks a mite grander than the one he let Steve Friess photograph, … Continue reading
Could Steve Wynn jilt Philadelphia?
What’s Steve Wynn supposedly doing in Atlantic City this weekend and why is he allegedly kicking the tires on casino properties there? Well, it is a buyer’s market and half of Borgata is up for grabs (as would be Trump … Continue reading
S**t hits MGM, Sands fan
Local newspapers — and bloggers — have been slow to pick up on a couple of Reuters dispatches that show — as some doomsayers prognosticated — that involvement in Macao is coming back to bite the U.S. casino industry in … Continue reading
Posted in Atlantic City, CityCenter, Detroit, Illinois, Macau, Mississippi, Pansy Ho, Pennsylvania, Regulation, Sheldon Adelson, Stanley Ho, The Mob
5 Comments
Wynn & the Ship of Phools
Whisking in just under the wire, Wynn Resorts submitted its financing package for the soon-to-be-ex-Foxwoods casino project in Philadelphia. Evidently Steve Wynn has thought better of slugging his new casino “SW,”* as reflected at left in the photo taken by … Continue reading
Sands’ strength, weakness inseparable
Ka-ching! The price tag on Marina Bay Sands has just gone up again. According to a Singapore Press Club and Asia Journalism Fellowship panel discussion, the über-megaresort has now hit the $6 billion mark. One participant pegged Sands’ 12-month gambling … Continue reading
Posted in Alex Yemenidjian, Current, Economy, Macau, Pennsylvania, Regulation, Sheldon Adelson, Singapore, The Strip, Wall Street
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Confidence or desperation?
Casino operators must be feeling very bullish about recent, incremental increases in visitation to Las Vegas, even though customers continue to spend less. (This is the new business model which the industry as a whole is loath to acknowledge: being … Continue reading
Posted in Cirque du Soleil, Current, Donald Trump, Economy, Entertainment, Harrah's, Marketing, MGM Mirage, Pennsylvania, Phil Ruffin, Planet Hollywood, Sahara, The Strip, Tribal, TV
2 Comments
There are no triads in Macao
Yeah, and if you believe that, boy, do I have a dandy bridge in Brooklyn to sell you. Not only are triads alive, well and operating in Macao, they succeeded in infiltrating Sands Macao, according to a detailed investigative report … Continue reading
Posted in Current, Economy, Florida, International, Macau, Massachusetts, Pennsylvania, Regulation, Sheldon Adelson, Singapore, Stanley Ho, The Mob
2 Comments
Solitude at Trump
As the old saying goes, I have so much to do that I am going to bed. Actually, no, but I’m still wrapping my feeble brain around the double-whammy of the Station Casinos bankruptcy proposal and the brewing triads-at-Sands Macao … Continue reading
Posted in Donald Trump, Economy, Macau, Pennsylvania, Phil Ruffin, Regulation, Sheldon Adelson, Station Casinos, Steve Wynn, The Mob, The Strip, Tourism
7 Comments
Quote of the Day
“The days of $1,000 bottles of liquor and $15,000 cabanas and $500 room rates aren’t coming back. People need to stop talking about when the good times are coming back because they never are. The world returning to 2006 would … Continue reading
Posted in Economy, Pennsylvania, Sheldon Adelson, The Strip
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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
Wynn gets schooled
Having displayed a breathtaking and uncharacteristic ignorance of the facts on the ground vis-a-vis Philadelphia‘s two casino projects, Steve Wynn is being offered a one-on-one tutorial from Mayor Michael Nutter. The latter says he’s looking forward to learning about Wynn’s … Continue reading
Posted in Architecture, Current, Pennsylvania, Politics, Regulation, Steve Wynn
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And the winner is … Mohegan Sun
Mohegan Sun at Pocono Downs is on pace to become the first Pennsylvania casino to deploy table games. A hearty S&G congratulations to the Mohegans and a big “WTF?” to WNEP-TV and its eccentric video-embed format.
Posted in Current, Pennsylvania, Regulation, Tribal, TV
1 Comment
Case Bets: Lake Las Vegas, Todd English, the CityCenter smear, Harrah’s Chester, etc.
Far on the outskirts of Sin City, the Kingdom of Make-Believe (aka Lake Las Vegas) is the newest and — in terms of acreage — biggest metaphor yet for the unrealistic expectations and sometimes insane assumptions which have laid our … Continue reading
Posted in Archon Corp., CityCenter, Current, Dining, Dubai, Economy, Election, Harrah's, Harry Reid, Lake Las Vegas, Laughlin, Macau, Marketing, MGM Mirage, Pennsylvania, Sheldon Adelson, The Strip, TV
14 Comments