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- Atlantic City rebounds; Sibella dumped; NFL suspicions
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- Alice Eskandari on Durango Station, slightly downsized
- David McKee on You can’t fix stupid; Good-bad news on the bayou
- American Gaming Guru on You can’t fix stupid; Good-bad news on the bayou
- 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: Station Casinos
Poster cuts his losses; Showdown in Lansing
Gaming executive Tim Poster has bounced hither and yon, and now he’s asking to be bounced to the outer fringes of the casino industry. His attorneys will not be challenging the Nevada Gaming Control Board‘s finding of unsuitability and will … Continue reading
Posted in Charity, Internet gambling, Maryland, MGM Mirage, Mohegan Sun, Regulation, Station Casinos, Steve Wynn, Tribal
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Bad news for Adelson; Wynn OK’d
I don’t know if Sheldon Adelson deserves the credit, but it looks like his anti-Internet-casino jihad has driven Big Gaming closer together. Wynn Resorts and Station Casinos and Churchill Downs have all joined the American Gaming Association. AGA prexy Geoff … Continue reading
Posted in Atlantic City, Colony Capital, Geoff Freeman, International, Internet gambling, Massachusetts, MGM Mirage, Regulation, Sheldon Adelson, Station Casinos, Steve Wynn
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Big coup for Lumiere; Where next, Vegas?
And Caesars Entertainment‘s March stop on the World Series of Poker is … Lumiere Place?!?!? Yes, a marquee Caesars attraction is being held on Tropicana Entertainment property. The reason is twofold. One, Horseshoe Cleveland isn’t big enough to handle the … Continue reading
Posted in Current, Detroit, Harrah's, Marketing, Missouri, Ohio, Penn National, Station Casinos, Technology, Tropicana Entertainment, World Series of Poker
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Indiana up and down; Garber agonistes
Casinos in Indiana grossed 3% less last month but still far outperformed ($193 million) neighboring Illinois and Ohio. Patron traffic was 9% down but visitor spend rose 7%. Penn National Gaming‘s Hollywood Lawrenceburg got absolutely hammered by new competition from … Continue reading
Posted in Boyd Gaming, Charity, Cordish Co., Current, Economy, Harrah's, Indiana, Internet gambling, Japan, Massachusetts, MGM Mirage, Ohio, Penn National, Pinnacle Entertainment, Racinos, Regulation, Station Casinos, Tropicana Entertainment
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Penn overboard!; Macao’s zenith
First the good news about Ohio: Gambling revenue was up 47% last month. Now, the bad news. One a same-store basis it was down 2% year/year. Who knew the Buckeye State would get saturated so quickly? The statewide gross was … Continue reading
Posted in Atlantic City, Boyd Gaming, Current, Dan Gilbert, Delaware, Economy, Harrah's, Illinois, Internet gambling, Macau, Melco Crown Entertainment, MGM Mirage, Missouri, MTR Gaming, Neil Bluhm, Ohio, Penn National, Racinos, Sheldon Adelson, Stanley Ho, Station Casinos, Tourism, Wall Street
1 Comment
Big score for Station, little one for Caesars
Station Casinos has a big hit on its hands in the form of Graton Resort & Casino. So many customers turned out for opening day that the doors swung wide an hour early. Ninety minutes later, admittance was being rationed … Continue reading
Posted in California, Cordish Co., Economy, Harrah's, Macau, Maryland, MTR Gaming, Ohio, Penn National, Pennsylvania, Station Casinos, Tourism, Tribal, Wall Street, West Virginia
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Case Bets: New York, Wynn, Packer, Atlantic City & Reno
In a positive omen for Tuesday’s casino vote in New York, shares of Castkills-based Empire Resorts (NYNY) leapt 29%, closing at $5.30/share. The company hopes to bring casino gambling to the Concord Hotel, although jostling for the probable two Catskills … Continue reading
Slots and torts; Menominee don’t quit; Caesars scapegoats Suffolk
If you’ve probably seen, if there’s anything the manufacturing sector of the gaming industry likes to do better than make new slot games is to sue one another for patent infringement. The fun may be coming to an end. Rep. … Continue reading
Posted in International, Internet gambling, Massachusetts, Regulation, Station Casinos, Taxes, Technology, Tribal, Wisconsin
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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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Sheldon hits paydirt; Culinary Union talks trash
It’s good to be Sheldon Adelson, especially when your company is notching one record-setting month after another. Revenue for 3Q13 rose 32% and net profit shot 79% upwards. Next year, shareholders can look forward to a 60 cent bump in … Continue reading
Posted in Cosmopolitan, Cretins, Culinary Union, Dan Gilbert, Detroit, Harrah's, Macau, Ohio, Pennsylvania, Sheldon Adelson, Singapore, Station Casinos, Wall Street
3 Comments
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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New life for EuroVegas?; Trailer Station rides again;
Sheldon Adelson may have charmed out a back-door exemption to Spain‘s antismoking policy. The national government is drafting legislation that would give provinces wiggle room where the ban is concerned. Which means that Madrid could go ahead and give Adelson … Continue reading
Posted in Current, Downtown, Environment, Hard Rock International, International, Macau, Sheldon Adelson, Station Casinos, Tribal, Wisconsin
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N.Y. casino expansion in danger; Macao: Full to bursting
A poll on Proposition One, conducted by Parkside Group, shows casino expansion in New York State enjoying a bare majority of 51%. If that doesn’t galvanize Gov. Andrew Cuomo (D) and other supporters into action, it ought to — especially … Continue reading
Posted in California, Election, Macau, New York, Politics, Station Casinos, Tourism, Transportation, Tribal, Wall Street
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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
Making the grade
Congratulations to the following casino industry figures for making it onto the Forbes 400 … #11: Las Vegas Sands CEO Sheldon Adelson. He’s richer than you are. #18: Fontainebleau owner Carl Icahn #27: Scientific Games lead owner Ron Perelman #36: … Continue reading
Posted in Carl Icahn, Donald Trump, Fontainebleau, MGM Mirage, Phil Ruffin, Scientific Games, Sheldon Adelson, Station Casinos, Steve Wynn, Tilman Fertitta, Wall Street
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This land is their land; Tight money in Pennsylvania
Tribal casinos aren’t just for reservations anymore and it’s becoming a coast-to-coast phenomenon. California legislators already approved one off-reservation casino, to be managed by Station Casinos. The Enterprise Rancheria of the Estom Yumeka Maidu would like to be second. They … Continue reading
Adelson loses (again), as does Simpson; Internet stampede in Jersey
Continuing his recent string of futility in the court system, Sheldon Adelson wore the gold sombrero yesterday, after went 0-for-12 in Clark County District Court. Next stop, the Nevada Supreme Court, which has been friendly to the mogul in the … Continue reading
Posted in Atlantic City, Boyd Gaming, Cretins, Current, Genting, Harrah's, Internet gambling, Macau, Regulation, Sheldon Adelson, Singapore, Station Casinos
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Hail, Caesars; Some roads lead to Foxwoods; Bluhm disappoints
It’s not every day that Caesars Entertainment CEO Gary Loveman has a good idea. But when he does, it’s a real brainwave. Such has proven to be the case with Caesars’ purchase of social-gaming Web firm Playtika. The latter has … Continue reading
Posted in Hard Rock International, Harrah's, IGT, Illinois, Internet gambling, Macau, Maryland, Massachusetts, MGM Mirage, Neil Bluhm, Pansy Ho, Penn National, Pennsylvania, Politics, Regulation, Stanley Ho, Station Casinos, Taxes, The Mob, Transportation, Tribal
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Barton delivers; Penn takes the initiative
It was a somewhat mixed victory for the casino industry. Rep. Joe Barton (R-TX, left) revived a 2012 initiative, in the form of his Internet Poker Freedom Act, legislation that he’s been promising for a couple of election cycles now. … Continue reading