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- Atlantic City rebounds; Sibella dumped; NFL suspicions
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- 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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- You can’t fix stupid; Good-bad news on the bayou - 56,161 views
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- Atlantic City rebounds; Sibella dumped; NFL suspicions - 55,518 views
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- MGM crippled; Illinois & Indiana report; Bally’s shaky in Chi - 57,627 views
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Category Archives: Tamares Group
Chicago casino tax damned; Kerkorian epoch ends
That Illinois casino expansion went back to the drawing board—the Illinois Gaming Board, to be exact. The topic of its ire was the 33% “privilege tax” hung around the neck of the Chicago casino (bringing its effective tax rate to … Continue reading
Two trains running
In a flurry of recent developments, Las Vegas has gone from no viable prospects for train service to two. And since they would use different tracks, they are not mutually exclusive. One project that appears to be dead and buried … Continue reading
Posted in California, Florida, Harry Reid, North Las Vegas, Politics, Tamares Group, The Strip, Transportation
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MGM stymied Down East; Trade war dings Macao
Hopes for MGM Resorts International in Connecticut may be fading now that lawmakers are proposing a tribally owned casino in Bridgeport, part of an omnibus gaming expansion. The bipartisan Connecticut Jobs & Revenue Act would authorize a casino in Bridgeport owned by … Continue reading
Posted in Boyd Gaming, Caesars Entertainment, Connecticut, Downtown, Foxwoods, Golden Gaming, International, Internet gambling, Lotteries, Macau, Marketing, Massachusetts, MGM Resorts International, Mohegan Sun, Money laundering, Politics, Problem gambling, Regulation, Sports betting, Tamares Group, Tilman Fertitta
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Vegas gets first tribal casino
My doctor says it behooves me to take it easy, so that can mean only one thing … news briefs! If you were waiting for Native American tribes to put down roots in Las Vegas, wait no longer. Virgin Hotels … Continue reading
Posted in Alex Meruelo, Animals, Arizona, Boyd Gaming, Downtown, Entertainment, Florida, Hard Rock Hotel, Law enforcement, Marketing, MGM Resorts International, Mohegan Sun, Movies, Sahara, SLS Las Vegas, Sports, Tamares Group, The Strip, Transportation
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Plaza gets a refresh; MGM covets Vegas locals
Congratulations to Plaza Hotel CEO Jonathan Jossel. He’s persuaded tight-fisted Tamares Group to invest in a 112-room renovation of the Downtown dowager. The casino is reportedly coming off its best April ever and this has evidently helped Tamares to see its … Continue reading
Posted in Architecture, Arizona, Boyd Gaming, CityCenter, Derek Stevens, Dining, Downtown, Dubai, e-sports, Entertainment, Japan, Massachusetts, MGM Resorts International, Tamares Group, Transportation, Wall Street, Wynn Resorts
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Re-enter the Dragon
Yes, the Lucky Dragon will be coming back, albeit under a new name. Construction magnate Don Ahern has made a $36 million purchase of the luckless casino, which still carries another $50 million in debt. (Hence the bargain price.) Ahern … Continue reading
Land of confusion
OK, so there are no condos on sale at the Plaza Resort in downtown Las Vegas. That much we have established. But it’s got to be one of the most baffling stories we’ve ever covered. For instance, “TLC” usually is shorthand … Continue reading
Posted in Animals, Caesars Entertainment, Churchill Downs, Golden Gaming, Illinois, Japan, Kentucky, Massachusetts, MGM Resorts International, New Jersey, Penn National, Politics, Racinos, Real Estate, Regulation, Sports betting, Tamares Group, Taxes, Terry Caudill, The Strip, Wall Street
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Cosmopolitan on the block (again)
Blackstone Group‘s tenure at The Cosmopolitan of Las Vegas will be remarkably brief (although nothing in the gaming industry will ever match the extreme brevity of the abortive Wynn Resorts/Crown Resorts merger). Bloomberg reports that Blackstone is exploring “strategic options” … Continue reading
Posted in AGA, Caesars Entertainment, CityCenter, Cosmopolitan, Downtown, history, Las Vegas Sands, Macau, Marketing, Melco Resorts & Entertainment, MGM Resorts International, Politics, Sports betting, Tamares Group, The Strip, TV, Wall Street, Wynn Resorts
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West Virginia joins ‘Net-bet pack; Conventioneers flood the Strip
And then there were five. Internet gambling was legalized in West Virginia this week, as was i-poker. Gov. Jim Justice (R) appears to have been opposed to the law—or to giving political opponents a stick to beat him with—so he … Continue reading
New boss at AGA; Route 91 Harvest returns
Replacing Geoff Freeman, the American Gaming Association has tapped Business Roundtable Senior Vice President for Government Relations Bill Miller. A Beltway lobbyist of two decades’ standing, Miller should be able to hit the ground running. Thirteen years of lobbying on … Continue reading
Posted in AGA, Baseball, Caesars Entertainment, California, Eldorado Resorts, Entertainment, Geoff Freeman, Greenwood Racing, Las Vegas Sands, Law enforcement, Mandalay Bay Massacre, MGM Resorts International, Penn National, Pennsylvania, Rush Street Gaming, Scientific Games, Sheldon Adelson, Sports, Sports betting, Tamares Group, The Strip, Tribal, TV
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Adelson eats Wynn’s lunch; Thumbs up for Boyd
Credit Suisse analyst Cameron McKnight reports that Sands China is stealing Macao market share from Wynn Resorts. Renovated VIP rooms at Sands properties are credited with the shift in business. Also, Sands “stated that while its very confident of [concession] … Continue reading
Posted in Atlantic City, Boyd Gaming, Caesars Entertainment, Downtown, Economy, Eldorado Resorts, Hard Rock International, Hawaii, Las Vegas Sands, Macau, Pennsylvania, Pinnacle Entertainment, Sports, Sports betting, Tamares Group, Tourism, Transportation, Wall Street, William Hill, Wynn Resorts
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Adelson nixes Greek casino; ‘George’ promo at Plaza
It’s all Greek to Sheldon Adelson. The mogul has dropped out of the running for a casino in Greece. That leaves Caesars Entertainment, Hard Rock International (which recently pulled out of contention for a casino in Cyprus) and Mohegan Sun … Continue reading
Posted in Caesars Entertainment, Downtown, Economy, Hard Rock International, International, Las Vegas Sands, Marketing, Mohegan Sun, Tamares Group, Tourism
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Mohegan Sun shines
Congratulations to Mohegan Sun on being named ‘Best Hotel’ by readers of USA Today. I’ve never stayed there but would reckon this is quite a coup and shows yet again that tribal casinos don’t yield the palm to private-sector ones … Continue reading
Posted in Alex Meruelo, Atlantic City, Boyd Gaming, Caesars Entertainment, California, CityCenter, Derek Stevens, Dining, Downtown, Economy, Foxwoods, Las Vegas Sands, Louisiana, Marketing, MGM Resorts International, Mohegan Sun, New York, Penn National, Pinnacle Entertainment, Reno, Resort fees, Sheldon Adelson, Station Casinos, Tamares Group, The Strip, Tilman Fertitta, Tribal, Wynn Resorts
2 Comments
Dog days on the Strip
August numbers are in and casinos on the Las Vegas Strip tanked, down 12.5%. Credit Suisse analyst Cameron McKnight called this result “not as bad as feared,” which prompts one to wonder what a worst-case scenario would look like. The … Continue reading
Boyd captures Valley Forge; An historic first at the Plaza
Boyd Gaming is officially in the Pennsylvania market, having closed its $280.5 million purchase of Valley Forge Casino Resort. The company now gets to grapple for a piece of the crowded Philadelphia market. And don’t think Harrah’s Philadelphia won’t tout … Continue reading
Wynn: Up in smoke; Mohegan by any other name
Wynn Resorts is pursuing a no-tolerance policy toward high-rolling customers associated with corporate cannabis. “I can confirm that I was permanently banned from gambling at Wynn Resorts on June 7, 2017 due to my role as Chairman and CEO of … Continue reading
Straub: Name my casino!; RAWA breathes its last … for now
Glenn Straub has either thrown up his hands over the task of renaming Revel or is feeling the spirit of democracy. Either way, he’s taking suggestions from the Twitterverse as to potential new monikers, with a $10,000 for the winning … Continue reading
New era at Trump Taj Mahal; Blasphemous gambling promo spanked
He’s been handed a small budget ($15 million) for the task at hand, but new Trump Taj Mahal boss Anthony Rodio has been charged with undoing the damage inflicted on the property during the Bob Griffin era. This includes “reactivating … Continue reading
Up and down the Strip
SLS Las Vegas is finally doing better, if by “doing better” you mean losing only $39 million in a full 3Q15 as opposed to the $46 million lost in the truncated (five-week) 3Q14. Stockbridge Capital Partners continues to have to … Continue reading
Baccarat buoys the Strip; Last call for Vegas Club
Not only were Nevada gaming revenues up 2% last month, so were Strip revs, propelled by heavy baccarat play. In addition to 17% more being wagered, the house played lucky, winning 24% than last year. That more than made up … Continue reading