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Category Archives: Sam Nazarian
Revel: A quiet death
“Gaming in Atlantic City isn’t dead, but it has to go on a crash diet to survive.” That’s the coroner’s verdict of the Newark Star-Ledger, in which former Atlantic Club worker Bill Terrigino adds his voice to the chorus that … Continue reading
Archon under fire again
Sue Lowden is back in the news, not for her political activities but as secretary and public face of Archon Gaming, whose 27 acres atop the Strip are a hot property again, following the opening of SLS Las Vegas. Dissident investor … Continue reading
Posted in Archon Corp., Economy, Laughlin, Ohio, Penn National, Sam Nazarian, The Strip, Wall Street
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Showboat, 1987-2014; Paris, 1999-????
In the end, the Showboat Atlantic City had a good run of it, lasting almost three decades on the Boardwalk. It succumbed, in part, to wounds inflicted by owner Caesars Entertainment, which cut into its customer base by building Harrah’s … Continue reading
Sam’s Place
“The Sahara is gone. The SLS is here. Before long … we’ll only be talking about the SLS.” That was the Great & Powerful Harry Reid, administering a verbal beatdown to anyone still nostalgic for the Sahara. Reid’s dose of Tough … Continue reading
Posted in Architecture, CityCenter, Dining, Harry Reid, MGM Mirage, Sahara, Sam Nazarian, Steve Wynn
1 Comment
Quote of the Day
Steve Wynn: What is SLS? Sam Nazarian: “Sam loves Steve.” — telephone exchange between Wynn and Nazarian, as retold by Sen. Harry Reid (D-NV) at today’s SLS Las Vegas press conference.
Posted in Harry Reid, Sam Nazarian, Steve Wynn
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The contradictions of Sam Nazarian
Is Sam Nazarian becoming a legend in his own mind? You have to wonder when you read that he’s had a statue of himself erected in the front of SLS Las Vegas. Sure, Bob Stupak did the same thing at … Continue reading
Posted in California, Cosmopolitan, Entertainment, Florida, Genting, International, Japan, Marketing, MGM Mirage, New York, Pennsylvania, Sahara, Sam Nazarian, The Strip, Wall Street
3 Comments
The return of the Strip; Panic over Macao
Las Vegas‘ recovery from the Great Recession is all but official. To be truthful, a number of us — myself in particular — thought we were being played for suckers when Sam Nazarian closed the Sahara and promised to be … Continue reading
SLS: The power behind the throne
Last week, while I was out with an abcessed tooth, SLS Las Vegas had its turn before the Nevada Gaming Control Board. The management structure and financing were so complex that it took SLS nearly four hours to walk regulators … Continue reading
Posted in Foxwoods, Maryland, Regulation, Sam Nazarian, Taxes
1 Comment
Packer’s second chance
“You can’t be in the gaming industry and not have a special reverence for Las Vegas — that’s where it all began. While we fell short in past attempts to enter that market, we now have the ideal opportunity.” So said … Continue reading
Boardwalk despair; Comings and goings on the Strip
It’s a dark day when you find yourself in agreement with Donald Trump, but such is the case with the famous Atlantic City boarding house owned by Vera Coking. Eight years ago, when he wanted to expand Trump Plaza, The … Continue reading
Soft landing in A.C.; “Nocturne” put to sleep
Internet-gaming revenue continues to slip in New Jersey, down 9% from May. There are only three players of consequence: Borgata (36.5%), Caesars Atlantic City (27%) and Tropicana Atlantic City (18%). Still, Internet gambling continues to provide a cushion for the … Continue reading
Posted in Atlantic City, Boyd Gaming, California, Cosmopolitan, Current, Entertainment, Harrah's, Internet gambling, Mohegan Sun, Revel, Sam Nazarian, Steve Wynn, The Strip, Tilman Fertitta, Tropicana Entertainment, Trump Entertainment Resorts, Wall Street
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SLS: Charming the locals
Posted in Economy, Sam Nazarian, The Strip
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Too much amount of wrong; Big deal in Boston
Ownership at The Cosmopolitan of Las Vegas has apparently lost its appetite for charmingly off-kilter variety show Vegas Nocturne. The show is not only rumored to be closing at the Cosmo but SLS Las Vegas has been mooted as its … Continue reading
Posted in Architecture, Cosmopolitan, Entertainment, Harrah's, Massachusetts, Mohegan Sun, Sam Nazarian, Steve Wynn, The Strip
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Atlantic City courts the LGBT dollar; Indiana casinos court anybody’s dollar
Formerly a gay getaway, Atlantic City lost its LGBT-friendly image when the casinos came in 1978, or so the history goes. “When the casinos came, people were quick to bulldoze whatever they had to sell for millions, and we lost … Continue reading
Posted in Atlantic City, Boyd Gaming, Harrah's, Illinois, Kansas, Marketing, Ohio, Penn National, Pinnacle Entertainment, Racinos, Sam Nazarian, Slot routes, Taxes, The Strip, Tribal
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Tilting the odds; The week of bad taste
Slot machines, we’re constantly being told, just aren’t on with the younger generation. Weaned on video games, millennials want something more skill-based. Insert Coins owner Christopher LaPorte aims to give them what they want. For the unfamiliar, Insert Coins is … Continue reading
Posted in Downtown, Election, Marketing, Regulation, Sam Nazarian, Technology
2 Comments
The SLS saga
This is all very well and good — but enough with that “north is the new south claim.” It’s presumptuous and (let’s face it) SLS Las Vegas is no Bellagio.
Posted in Architecture, MGM Mirage, Sam Nazarian
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Keeping with the times; Inside Bally’s palace coup
For people like myself, whose formative experiences of Las Vegas took place 10-plus years ago, it’s important to go with the flow. For instance, the ever-burgeoning and remunerative nightclub business. When SLS Las Vegas opens Life, bottle service will be … Continue reading
Posted in Bally Technologies, Election, Entertainment, Harrah's, Rhode Island, Sam Nazarian, Shuffle Master, Steve Wynn, Technology, The Strip, Wall Street
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Vegas: A return to the halcyon years? It looks that way
Las Vegas recorded its highest visitation numbers of all time last March, helping to drive gambling revenue 8% upward. We had 3.7 million tourists, 4% than the previous year. Despite fewer conventions, a 20.5% leap in convention attendance (with the … Continue reading
Posted in Downtown, Economy, Harrah's, Lake Tahoe, Laughlin, Mesquite, MGM Mirage, North Las Vegas, Ohio, Pennsylvania, Reno, Sam Nazarian, Tourism, Wall Street
1 Comment
Smurf this!
Casinos in Ohio are already becoming a veritable laundromat of money laundering. The practice, called “smurfing,” calls for one person — or a group of conspirators — to buy casino chips, then redeem them, “washing” their cash by those means. … Continue reading
Posted in Cirque du Soleil, Entertainment, Internet gambling, Iowa, MGM Mirage, Ohio, Penn National, Regulation, Sam Nazarian, Sports, The Strip
1 Comment
SLS makes a believer
It took a while but SLS Las Vegas has made a believer of me. The hotel crossed the Rubicon this past Tuesday when it began taking reservations. It also trotted out a handsome new Web site, one which gives an … Continue reading
Posted in Architecture, history, Reno, Sahara, Sam Nazarian, The Strip
1 Comment