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- Atlantic City rebounds; Sibella dumped; NFL suspicions
- MGM limping back; Atlantic City follies; Wall Street Jottings
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- David McKee on You can’t fix stupid; Good-bad news on the bayou
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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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- MGM crippled; Illinois & Indiana report; Bally’s shaky in Chi - 57,665 views
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Category Archives: Station Casinos
Boyd exits Florida; Mixed messages from the Riv; The revenge of Adelson
Regardless of whether or not resort casinos are voted into law in Florida, one company that won’t be in the running is Boyd Gaming. The firm threw in the towel on the Miami market today. The Sunshine State “no longer … Continue reading
Posted in Boyd Gaming, Colony Capital, Current, Donald Trump, Economy, Entertainment, Florida, Genting, Harrah's, Isle of Capri, M Resort, Macau, Marketing, MGM Mirage, Penn National, Politics, Regulation, Riviera, Sahara, Sheldon Adelson, Singapore, Station Casinos, Steve Wynn, Technology, The Strip, Wall Street
1 Comment
Was Pokergeddon a setup?
In his latest column, “Prohibition Is Not Regulation” (an early draft can be seen here) gaming-law guru I. Nelson Rose rakes the Obama administration for choosing “to ignore the lessons of history and take worst aspects of the choices available.” … Continue reading
Losee Station bites the dust
We’re just past two years to the day when S&G predicted, “Good luck finding any takers” at $39.5 million for the old Castaways site. Even now, at a priced-to-move $8.3 million ($414K/acre), it’s not budging. The site’s threefold curse is, … Continue reading
Posted in Boulder Strip, Boyd Gaming, Current, Economy, Gary Goett, Station Casinos, Wall Street
2 Comments
Not priced to move; The end of Southern Highlands
Recently I was asked about the future of the Key Largo Casino, long defunct — a casualty of last decade’s condo craze. The photo above is some handiwork of Colliers International and I’ve borrowed it to illustrate the excellent geographical … Continue reading
Austerity, MGM style; Only in Nevada
Despite a decidedly underwhelming financial performance in 2009, MGM Resorts International CEO Jim Murren managed to take home $13.75 million in overall compensation. Last year, he had to make ends meet on $9.8 million. Snarkiness aside, this actually shows that … Continue reading
Quote of the Day
“Online poker is toast.” — Hunter Hillegas, in a Tweet of enviable pithiness, summarizing today’s Department of Justice crackdown on Internet gambling firms Full Tilt Poker, scandal-prone Absolute Poker, and PokerStars. Full Tilt and PokerStars business partners Wynn Resorts and … Continue reading
Posted in Current, International, Internet gambling, Regulation, Station Casinos, Steve Wynn
3 Comments
Let’s do the Time Warp
Hallucinations are not considered a symptom of fibromyalgia but I sure thought I was seeing things yesterday when noon-hour TV newscasts led with Union Village. Somebody obviously thinks it’s still 2007, as they’re proposing a $1.5 billion, 171-acre hospital-cum-retirement-community complex … Continue reading
Posted in Boulder Strip, Current, Economy, Harrah's, Lake Tahoe, Station Casinos, Steve Wynn, Tourism, TV, Wall Street
1 Comment
Cantor’s new brand: Slots for tots
Other than as a medium for sports betting, mobile-gambling devices have resolutely failed to catch on in Las Vegas casinos. Provider/operator Cantor Gaming has made a few inroads but mostly at one-off properties like M Resort and the Hard Rock … Continue reading
Goodman and Station win Round One; MGM’s Free(dom) Ride
The Las Vegas electorate had a lovely parting gift for Victor Chaltiel and Sheldon Adelson. Which is to say that Carolyn Goodman didn’t win the Las Vegas mayoralty outright yesterday but is a relatively low hurdle away from inheriting husband … Continue reading
If you don’t look like this …
… don’t even think about trying to book a hotel room on the Strip or in Downtown. Las Vegas doesn’t want you, although you might be permitted to stay out on the Boulder Strip or someplace really out of sight … Continue reading
Posted in Boulder Strip, Current, Regulation, Station Casinos, The Strip, Tourism, Transportation
1 Comment
Sheldon Adelson’s court jester yuks it up
Las Vegas Sands-backed mayoral candidate Victor Chaltiel rolled out the following prank ad today … I’m not sure that there’s any percentage in going after the grandmotherly (but hopelessly vague) Carolyn Goodman in the snide fashion that is quickly becoming … Continue reading
Posted in Archon Corp., Current, Downtown, Election, Florida, Harrah's, International, Laughlin, Macau, MGM Mirage, Minnesota, Mississippi, Politics, Regulation, Sheldon Adelson, Station Casinos, Steve Wynn, Texas, The Strip, TV
1 Comment
Salvation for Illinois? “Golden Boys” strike again
According to lobbyists for MGM Resorts International‘s Grand Victoria riverboat, the smoking ban in Illinois has stove in casino revenues by 33%. Statewide, the average is -28% since 2008 — costing the state no small amount of tax monies — … Continue reading
Posted in Boyd Gaming, Current, Economy, Florida, Harrah's, Illinois, Indiana, Internet gambling, MGM Mirage, Politics, Regulation, Sports, Station Casinos, Taxes, Tilman Fertitta, TV
Comments Off on Salvation for Illinois? “Golden Boys” strike again
Florida rejects Adelson; Mixed signals from Cosmo; Station’s quixotic quest
It’s all over — until 2012, anyway — for Sheldon Adelson‘s heavy-handed push to ram a set of “destination resorts” through the Florida Legislature. A poison-pill amendment, attached at the behest of parimutuels, would let existing slot houses go to … Continue reading
Posted in Boulder Strip, CityCenter, Cosmopolitan, Current, Economy, Entertainment, Florida, International, Macau, North Las Vegas, Politics, Racinos, Regulation, Sheldon Adelson, Station Casinos, Steve Wynn, The Strip, Tourism, Tribal, Wall Street
Comments Off on Florida rejects Adelson; Mixed signals from Cosmo; Station’s quixotic quest
Packer packs it in; Lights out at Resorts A.C.
James Packer‘s had enough of the U.S. casino market. While not definitively ruling out a return to the American gaming industry, the minority owner of Cannery Casino Resorts makes it clear that he’s neither the stomach nor the lucre for … Continue reading
R.I.P., Sahara (1952-2011)
Once the Riviera changed hands, the Strip casino for whom mortality seemed most imminent became the Sahara. The ‘death by a thousand cuts’ regime of nightclub impresario and absentee owner Sam Nazarian bled the place to the extent that there … Continue reading
Posted in Boyd Gaming, CityCenter, Colony Capital, Columbia Sussex, Current, Dining, Economy, Entertainment, Fontainebleau, Goldman Sachs, history, International, James Packer, Macau, Marketing, MGM Mirage, Morgans Hotel Group, Pansy Ho, Plaza, Regulation, Riviera, Sahara, Stanley Ho, Station Casinos, The Strip, Tourism, Transportation, TV, Wall Street
10 Comments
Station, Greenspuns part company
For quite a while the relationship between Station Casinos and Greenspun Corp. has been in the “Can This Marriage Be Saved?” category, as the two bickered over the ownership and management of their casino joint ventures. Today they’re Splitsville and … Continue reading
Hard Rock: End of a (bad) era
Scheetz’s Folly, otherwise known as the Hard Rock Hotel & Casino, will soon be in new hands. After several addled years under Morgans Hotel Group, whose bright ideas included “building a hotel suite with an S&M theme and a human … Continue reading
Hooters in default; Rio robbed; Morgans out, Warner in?
From the “Could mean something, could mean nothing” File comes a Notice of Default, filed by the Bank of New York against Hooters Casino Hotel. The lenders are calling in a $130 million note on the 332-room hotel (arguably making … Continue reading