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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: Politics
Surrender in Atlantic City?
Yesterday, I mis-reported New Jersey state Sen. James Whelan's proposal for downsizing the state's regulatory apparatus. He didn't call for elimination of the New Jersey Casino Control Commission in favor of the Division of Gaming Enforcement, merely an unspecified removal … Continue reading
Posted in Atlantic City, Boyd Gaming, Colony Capital, Donald Trump, Economy, Harrah's, Penn National, Pennsylvania, Politics, Regulation, Station Casinos
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Solving the Pansy Problem
Amidst today's crush of news, I forgot at least one other potential solution to l'affaire Pansy. Perhaps MGM Mirage can have its cake and eat it as well, by taking a page from Sheldon Adelson's playbook. It'd be a transparent … Continue reading
Posted in Atlantic City, Columbia Sussex, MGM Mirage, Politics, Regulation, Sheldon Adelson, Stanley Ho
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Perp Show
If you're bald, weight 285 lbs. and have one arm in a cast, you're not exactly inconspicuous. So how was it that that such a hefty man was to infiltrate a VIP area of Planet Hollywood and bust into Peepshow … Continue reading
Posted in Atlantic City, Boyd Gaming, Cirque du Soleil, Colony Capital, Current, Donald Trump, Economy, Election, Entertainment, Fontainebleau, Harrah's, MGM Mirage, Planet Hollywood, Politics, Regulation, Taxes, The Strip, Tropicana Entertainment
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Grab your ankles, casinos
Nevada lawmakers’ revenue model. There’s one industry that does far and away more than any other to pay the bar tab for the State of Nevada and it’s probably about to be mandated to pay even more. That’s because even … Continue reading
Posted in Baseball, Economy, Politics, Steve Wynn, Taxes
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Grab your ankles, casinos
Nevada lawmakers’ revenue model. There’s one industry that does far and away more than any other to pay the bar tab for the State of Nevada and it’s probably about to be mandated to pay even more. That’s because even … Continue reading
Posted in Baseball, Economy, Politics, Steve Wynn, Taxes
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Quote of the Day
“I say I would greet him if he would rectify the record. I think he owes it to us, and I say that respectfully, to say Las Vegas is a great place to come and do business.” — Las Vegas … Continue reading
The Unlucky Club & other Case Bets
Did somebody build the inaptly named Lucky Club (above) over an Indian burial ground? A deprivation of access is but the latest indignity suffered by this North Las Vegas grind joint. While it was still the Speedway Casino, it was … Continue reading
Posted in Architecture, Current, Economy, Encore, Entertainment, Lake Las Vegas, Marketing, Politics, Problem gambling, Regulation, Sheldon Adelson, Steve Wynn, The Strip
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Station vs. Boyd IV: This time it's spite
Inside the wacky world that is Station Casinos' executive suite, business judgment is evidently trumped by getting even with your main adversary. How else to explain Station's eight-month push to get zoning approval for Losee Casino Station? The company is … Continue reading
Posted in Architecture, Boyd Gaming, Politics, Station Casinos
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Nevada Lege sticks it to you
Although a few Democrats in the state Senate toyed with the idea of growing a spine and opposing raising the hotel-room tax, all of them — plus several Republicans — did the easy thing and opted for Plan A: Soak … Continue reading
Posted in Cannery Casino Resorts, Economy, M Resort, Politics, Station Casinos, Taxes
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Case Bets: Bank shot, Sin City Express
In today's Movable Buffet, Richard Abowitz speculates on the possible evolution (devolution?) of Las Vegas from a boomtown built on junk bonds to critical-care patient who's a ward of the banks. To Abowitz's mention of the bank-owned Cosmopolitan, I would … Continue reading
Posted in Colony Capital, Goldman Sachs, Morgans Hotel Group, Politics, Technology, Wall Street
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Harrah's enjoys bailout
“Critics argue that the tax-law change rewards companies that took on too much leverage during the credit bubble, such as those that were bought by private-equity firms.” Sound like anybody we know? How about Harrah’s Entertainment, which played Russian roulette … Continue reading
Posted in Colony Capital, Economy, Harrah's, James Packer, Macau, Melco Crown Entertainment, MGM Mirage, Politics, Sheldon Adelson, Station Casinos, Taxes, Wall Street
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"Sin City Express"
Expect to be hearing that catchy new canard a lot, not to mention the “Las Vegas to Disneyland” little white lie that Gov. Opie Jindal (R-LA) trotted out in his Tuesday-night audition for the 2012 presidential nomination. “Vegas to Disneyland” … Continue reading
Posted in Boyd Gaming, Harrah's, Louisiana, Politics, Sheldon Adelson, Singapore, Technology, The Strip
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Gibbons retreats, sorta
Gov. Jim Gibbons has scuttled away from one of his several proposals to jack up taxes on the only segment of Nevada that's carrying its own weight — the casino bidness. He's retreating from a demand that casinos pay taxes … Continue reading
Posted in Atlantic City, Boulder Strip, Boyd Gaming, Colony Capital, Columbia Sussex, Donald Trump, Downtown, Economy, M Resort, Marketing, Mesquite, Movies, Politics, Station Casinos, Taxes, TV, Wall Street
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In defense of Reid's largesse; Cosmo craziness
My take on Sen. Harry Reid (D-NV) and his "casino bailout," as one reader has described it, drew the following response from MGM Mirage spokesman Alan Feldman, which is reprinted below with his kind permission. I note only that my … Continue reading
Posted in Cosmopolitan, Economy, MGM Mirage, Politics
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Sludge Report
Kudos to the Las Vegas Review-Journal‘s Howard Stutz for keeping an eye on an especially skanky provision of the economic-stimulus package, a sweetheart provision engineered by Sen. Harry Reid (D-NV). It awards companies — like vocal supporter MGM Mirage — … Continue reading
Posted in California, Economy, Harrah's, MGM Mirage, Politics, Sheldon Adelson, Station Casinos
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Case Bets: Seminoles, Tropicana, Shuffle Master, Stanley Ho
Seminoles offer to lay $288 million and 12,000 new jobs on the table, for starters. Sunshine State Republicans blow them a raspberry. Constitutional or not, Gov. Charlie Crist‘s compact put a good deal in place for both sides. (It wasn’t … Continue reading
Posted in Aristocrat, Atlantic City, Australia, Columbia Sussex, Florida, Politics, Regulation, Shuffle Master, Stanley Ho, The Strip, Tribal, Tropicana Entertainment
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Stanley Ho's comeback
Citing the Lusa news agency, J.P. Morgan says that Macao casino revenues for January came in higher than expected, at $1.1 billion. The shocker, though, is the revision of market-share figures, which previously had shown Stanley Ho and Sheldon Adelson … Continue reading
Posted in Australia, James Packer, Macau, Melco Crown Entertainment, MGM Mirage, Penn National, Politics, Sheldon Adelson, Singapore, Stanley Ho, Steve Wynn, The Mob
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Rogues' gallery
After a fitful start, blogorrhea is sweeping the business desk of the Las Vegas Review-Journal, resulting a veritable flood of news nuggets today … Planet Hollywood prexy Michael Mecca has resigned to pursue the proverbial "other opportunities" at a time … Continue reading
Posted in California, Cannery Casino Resorts, Columbia Sussex, Current, Dining, Economy, Entertainment, Harrah's, James Packer, Marketing, Mesquite, MGM Mirage, Planet Hollywood, Politics, Regulation, Reno, The Strip, Tropicana Entertainment
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