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Category Archives: Regulation
Meet the new Trop boss …
… largely the same as the old boss. Tropicana Entertainment's diligent efforts to get back into the Tropicana Atlantic City have finally paid off. Thus (nearly) ends a prolonged interregnum during which no clearly superior alternativves emerged. Well … there … Continue reading
Posted in Atlantic City, Carl Icahn, Columbia Sussex, Cordish Co., Current, Regulation, The Strip, Tropicana Entertainment
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Colony Capital comedy
Having borrowed money to buy the Las Vegas Hilton five years ago at a dirt-cheap $200 million, Colony Capital — those financial wizards — borrowed $250 million more to retire the first loan. (Does Colony intend to pay off the … Continue reading
Posted in Boyd Gaming, Colony Capital, Fontainebleau, Harrah's, LVCVA, Penn National, Phil Ruffin, Plaza, Regulation, Steve Wynn
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Abraca – OMFG!
Scarlett, Princess of Magic has settled into her new revue, Scarlett and her Seductive Ladies of Magic, which finally gives me a reason to encourage people to visit the Riviera. The video below is taken from Scartlett’s family-friendly V Theater … Continue reading
Posted in Animals, Dining, Economy, Entertainment, Goldman Sachs, MGM Mirage, Pets, Planet Hollywood, Regulation, Riviera
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Privé: behind the juice; Chucky vs. Jaws; Wynn pages Scalia
Had the Nevada Gaming Control Board not come down upon Planet Hollywood like a hod of bricks, it's entirely probable that Privé would still be up to its scofflaw antics. That's because Clark County has a long history of looking … Continue reading
Posted in Cannery Casino Resorts, Economy, Entertainment, Planet Hollywood, Regulation, Sports, Steve Wynn, The Strip, Tribal, TV
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Privé: behind the juice; Chucky vs. Jaws; Wynn pages Scalia
Had the Nevada Gaming Control Board not come down upon Planet Hollywood like a hod of bricks, it's entirely probable that Privé would still be up to its scofflaw antics. That's because Clark County has a long history of looking … Continue reading
Posted in Cannery Casino Resorts, Economy, Entertainment, Planet Hollywood, Regulation, Sports, Steve Wynn, The Strip, Tribal, TV
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Get 'em while they're young
One of the Atlantic City Hilton‘s most valued players was a 19-year-old from Brooklyn. This baby whale was sufficiently lucrative to the Colony C(r)apital property that he received a comped stay and qualified as a “rated player.” Better still, A.C. … Continue reading
Posted in Atlantic City, Colony Capital, Entertainment, International, Regulation, Riviera, Station Casinos, The Strip
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'Show Me' no stinkin' IDs
"We don't want them in there," huffs Ameristar Casinos' Troy Stremming (left) with regard to pathological gamblers. Stremming's high dudgeon rings a mite hollow now that the Missouri ballot initiative he crafted and shepherded to victory last fall is providing … Continue reading
Posted in Ameristar, Missouri, Penn National, Problem gambling, Regulation, Taxes
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'Show Me' no stinkin' IDs
"We don't want them in there," huffs Ameristar Casinos' Troy Stremming (left) with regard to pathological gamblers. Stremming's high dudgeon rings a mite hollow now that the Missouri ballot initiative he crafted and shepherded to victory last fall is providing … Continue reading
Posted in Ameristar, Missouri, Penn National, Problem gambling, Regulation, Taxes
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Packer steps in it again
After frequent demurrals, the Victoria government has ‘fessed up that it was on the receiving end of ham-fisted lobbying by Crown Casino owner James Packer. A delicate quid pro quo (higher taxes in return for more table games) was being … Continue reading
Posted in Australia, Economy, James Packer, Lawrence Ho, Macau, Melco Crown Entertainment, Problem gambling, Regulation, Sheldon Adelson
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Double-whammy for Planet Ho
True, Planet Hollywood is feeling some pain in the wallet after the Nevada Gaming Commission approved a $500,000 fine. But it's Clark County Department of Business License which fired the shot across the bow that will really get the casino … Continue reading
Posted in Columbia Sussex, Current, Downtown, Economy, Labor, MGM Mirage, Regulation, Station Casinos, The Strip, Tilman Fertitta
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Facts are stubborn things
A big thumbs-up to a casino company in Central City, Colo., for making its case to players not with vague claims but quantifiable facts. Famous Bonanza & Easy Street Casinos shared with its patrons Colorado Division of Gaming Statistics data … Continue reading
Posted in Colorado, Current, Kansas, Marketing, Regulation
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Case Bets: M Resort, bad debt, Wall Street's bomb
After fairly flying out of the gate, M Resort has hit the wall. Unfortunately, CEO Anthony Marnell III's response to economic adversity has been to sweat the value propositions. Not only is M fretting about card counters (hands down, the … Continue reading
Posted in Architecture, Cannery Casino Resorts, Current, Economy, Harrah's, Lake Tahoe, M Resort, Marketing, Regulation, Sahara, Station Casinos, Steve Wynn, Wall Street
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Case Bets: Midnight Jim, Sands, "Peepshow", Hard Rock, Reid
Chronic ineptitude by Nevada's governor is endless fodder for comedy (like entrusting your re-election campaign to the former marketing director of a ski resort and political novice.) But it also has perilous consequences. For instance, his thoughtless decision to pack … Continue reading
Posted in Downtown, Entertainment, Morgans Hotel Group, Oscar Goodman, Planet Hollywood, Politics, Regulation, Sheldon Adelson, Technology
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It’s lonely in the bunker; Luxor gets its groove on
Two resignations made the news today. First, the publicist for Criss F. Angel took a hike. Given the choice between the much-reviled Angel and unlikely rising star (and reportedly much, much nicer person) Holly Madison, Fantasy flack John Flynn left … Continue reading
Posted in Boyd Gaming, Cirque du Soleil, Entertainment, Marketing, MGM Mirage, Morgans Hotel Group, Regulation, The Strip
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Penn finally makes a move
Well, let's not get all excited yet. Penn National has bought a puny stake in Morris Goldstein & Assoc., a slot distributor. It's a bit of kabuki theatre whereby Penn and executives CEO Peter Carlino, President Tim Wilmott, CFO Bill … Continue reading
Posted in Donald Trump, Internet gambling, Macau, Penn National, Regulation, Riviera, Tourism
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Rough trade
May wasn't great for Las Vegas, to say the least, with hotel occupancy -6%, a figure somewhat amplified by the presence of 3% more hotel rooms. The local ADR of $96.96 would have been regarded as real money back in … Continue reading
Posted in Ameristar, Boulder Strip, Boyd Gaming, Downtown, Economy, Harrah's, Illinois, Indiana, MGM Mirage, Missouri, Neil Bluhm, Penn National, Regulation, Slot routes, The Strip
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Trop and tribulation
A pair of New Jersey lawmakers are hopping mad about the costly, dubiously competent Tropicana Atlantic City trusteeship of Justice Gary Stein. The solons are particularly het up over the way Stein was feathering his own nest. "It is unacceptable, … Continue reading
Posted in Atlantic City, Carl Icahn, Columbia Sussex, Politics, Regulation, Tropicana Entertainment
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House of wax
I call your bluff, comrade. As you may have heard, casinos in Russia can stay open by converting to poker rooms. A tip of the fedora goes to reader mike_ch for pointing out this story, which delineates some of the … Continue reading
Posted in Architecture, Donald Trump, Entertainment, Fontainebleau, International, Penn National, Planet Hollywood, Regulation, Riviera, Sheldon Adelson, Sports, Station Casinos, The Strip, Tourism, TV
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Stormy weather
It may be monsoon season in Las Vegas but there’s a typhoon blowing through Macao‘s casino economy. A series of bulletins from J.P. Morgan outline a worrisome trajectory for China‘s gambling enclave. City of Dreams: a flop June 23: The … Continue reading
Posted in Australia, Economy, James Packer, Lawrence Ho, Macau, Melco Crown Entertainment, Regulation, Sheldon Adelson, Stanley Ho, Steve Wynn, The Strip, Tourism, Transportation
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