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Category Archives: Revel
Parx: Pay as you go; Muted rapture in California
Parx Casino in Raynham, Massachusetts, will cost $277 million. Parx has $231 million in the kitty. How does the company propose to make ends meet? It will erect a temporary slot facility while the permanent one is built. This temporary … Continue reading
Posted in Atlantic City, California, Encore, Internet gambling, Massachusetts, Racinos, Revel, Station Casinos, Tribal, Trump Entertainment Resorts
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Atlantic City ‘Net betting gathers speed; Render unto Loveman
Three more casinos have been green-lit to take Internet wagers along the Boardwalk. As you know, Borgata had already been approved. The second license went to the Golden Nugget, which is running its own site, with assistance from Bally Technologies. … Continue reading
Yard sale at Caesars; Disney vs. Genting; New boss at Revel
“It’s a lot of crap.” That’s the verdict of one auctioneer, sussing out the surplus merchandise on view at The Rio, site of a big surplus-inventory sale by Caesars Entertainment. One doesn’t even have to be there to bid. You … Continue reading
Posted in Atlantic City, Florida, Genting, Harrah's, Macau, Politics, Revel, Station Casinos, Tribal
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Atlantic City: It’s that time again
Since the next two months of 2013 involve comparisons to Hurricane Sandy, they won’t really count as measurements of Atlantic City‘s financial health. So here’s a last look-in for a while now. The market as a whole dropped 13% with … Continue reading
Posted in Boyd Gaming, Colony Capital, Donald Trump, Harrah's, Mohegan Sun, Revel, Wall Street
2 Comments
Atlantic City: Exit Pinnacle, turnover at Revel; Invading Japan
It took three years and a frightful loss ($239 million), but Pinnacle Entertainment is finally shot of Lee’s Folly, the Sands Casino Hotel site that ex-CEO Dan Lee bought for $270 million during the boom years … and which promptly … Continue reading
Revel resurgent; MGM, Sands to Japan
For all the flack that it’s taken for its misleading “refund” on losses promotion, Revel Resort continues to woo customers back. Its revenues rose 2% in August, pushing the megaresort ahead of Showboat and into the middle tier of Atlantic … Continue reading
Linq looking good & other Case Bets
You can’t drive around the Vegas Valley these days without having a clear view of the Las Vegas High Roller, the Ferris wheel that is Caesars Entertainment‘s would-be tourism magnet, which seems to grow overnight. It’s an impressive sight, one … Continue reading
Revel: It had to happen; Hard Rock on a roll
Revel Resort‘s somewhat disingenuous “You Can’t Lose” promotion was bound to attract a lawsuit and so it has. A pair of players are suing and, though the odds seem against them, it’s worth recalling that Revel’s disclaimer language tap-danced around … Continue reading
Posted in Architecture, Atlantic City, Dennis Gomes, Hard Rock International, Harrah's, Marketing, Massachusetts, Ohio, Revel
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Atlantic City: Half-full or half-empty?; Crosby tips his hand
It depends on which newspaper you read. The Press of Atlantic City took the half-full route, focusing on the profits made by eight of the city’s dozen casinos. The Associated Press pointed to the narrowing margin of aforesaid gross-operating profitability. … Continue reading
Wynn hearts Atlantic City; A pointless election
Update: Penn National Gaming has been tipped as a potential buyer for disqualified Plainridge Racecourse. The city has already scheduled a Sept. 10 vote on a slot parlor, so Penn would have less than three weeks to negotiate the essential … Continue reading
Better late than never in A.C.
Under the leadership of the Atlantic City Alliance, the Boardwalk is finally getting its act together. (Makes you feel like a proud papa, doesn’t it?) Now through 2016, the ACA will offer $1 million in annual subsidies to conventions. The … Continue reading
Posted in Atlantic City, Boyd Gaming, Current, Economy, Florida, Macau, Racinos, Revel, Tourism
1 Comment
Revel’s mixed reviews; All systems ‘go’ in Massachusetts
That controversial “You Can’t Lose” promotion being fielded by Revel Resort is a hit with players even as it’s been panned by pundits. “Whoa, Smarty Jones. Not so fast,” cracked one.) The complexity of the deal is even being credited … Continue reading
July in A.C.: Borgata, Revel triumphant; Cosmo: The right amount of ‘Why?’
Last month was good for Atlantic City in the sense that revenue was only 4% off last year’s pace. The upper-tier properties fared exceptionally, with Borgata ascending 19%, driven by a two-third increase in table win, and Revel, fueled by … Continue reading
Wynn checkmated in Everett?; Cordish sees Penn, raises ante
As we all would agree, Suffolk Downs doesn’t have the capitalization, the track record or the leadership that Wynn Resorts does. However, Richard Fields and Harvard homeboy Gary Loveman have a big something going for them: juice. I expected their … Continue reading
Posted in Atlantic City, Cordish Co., Current, Dining, Election, Foxwoods, Genting, Harrah's, Massachusetts, New York, Pennsylvania, Politics, Racinos, Regulation, Revel, Steve Wynn, Taxes, Tribal
1 Comment
Springfield: MGM wins again; Barton: Congressman or con artist?
As predicted, voter turnout was low but a victory is a victory, and MGM Resorts International went home a winner yesterday. Springfield voters ratified an agreement between MGM and the city, 58% to 42%. Scarcely had the last vote been … Continue reading
Missouri misery; Revel inches upward
Sometimes I feel Gary Loveman‘s pain — and that of Anthony Sanfilippo, Virginia McDowell, Peter Carlino … When they look at the kind of numbers states like Missouri are generating, they must want to shake a fist and say, “Gamble, … Continue reading
Revel gets forgiveness; Illinois gets hammered
You’ve heard about the “Gamblers Wanted” marketing campaign at Revel that refunds slot refunds over $100 — if you’re a member of the players’ club. There’s another catch: You don’t get a cash refund but additional free play, doled forth … Continue reading
Posted in Atlantic City, Current, Donald Trump, Economy, Harrah's, Illinois, Marketing, MGM Mirage, Missouri, Neil Bluhm, Ohio, Penn National, Politics, Revel, Slot routes
1 Comment
Buyer’s market on the Boardwalk
An East Coast spy for S&G has had his ear to the ground and reports that a veritable horde of prospective purchaser are descending upon Atlantic City. Casino prices having fallen about as low as they can go, “buy” appears … Continue reading
Revel gets the memo; Sheldon Adelson knows what’s good for you
Wall Street really hates it when casinos buy business with “promotional allowances” (read: comps) but sometimes — and especially when you’re Revel Hotel-Casino — there’s no choice. In marketing policies as new as its expanded nomenclature, Revel is acknowledging its … Continue reading
Woody in Milford; Revel out of Chapter 11; Isle: Pay to play
Foxwoods Resort Casino CEO Scott “Woody” Butera didn’t close the sale with Milford voters earlier this week, but they didn’t slam the door on him either. Rather than prejudice the issue with a town-meeting vote, local sentiment favors a city-wide … Continue reading
Posted in Architecture, Atlantic City, Current, Downtown, Economy, Isle of Capri, Massachusetts, Pennsylvania, Revel, Tribal, Wall Street
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