Category Archives: Taxes

Hicks is back; Sheldon Adelson, misery broker

Give Caesars Entertainment for making a good call this week. It’s inked a one-year residency deal with American Idol winner Taylor Hicks to return to Bally’s, starting Oct. 17. Prices will still begin at a wallet-friendly $40/seat and, in light … Continue reading

Posted in Colony Capital, Current, Economy, Election, Entertainment, Florida, Goldman Sachs, Harrah's, International, Movies, Planet Hollywood, Sheldon Adelson, Taxes, The Strip, Wall Street | 1 Comment

Atlantic City: Revenues up, Seminoles out, Mohegans in

Stick a fork in the Dennis Gomes legacy at Resorts Atlantic City. Son Aaron Gomes is not only leaving but going halfway around the globe, to team up with former Borgata exec Larry Mullin and reboot Jupiters Gold Coast Casino, … Continue reading

Posted in Atlantic City, Australia, Boyd Gaming, Colony Capital, Current, Dennis Gomes, Donald Trump, Economy, Harrah's, Marketing, Massachusetts, Pennsylvania, Regulation, Revel, Taxes, Tilman Fertitta, Tourism, Wall Street | 4 Comments

Emperor Loveman’s new clothes

When I said a Caesars Entertainment bankruptcy was a matter of when, not if, little idea did I have how soon that might be. Earlier this week, Fitch Ratings Service lowered Caesars’ bond rating to “negative,” a veritable kiss of … Continue reading

Posted in Current, Dan Gilbert, Harrah's, International, Internet gambling, Massachusetts, Ohio, Pennsylvania, Racinos, Taxes, The Strip, Wall Street, World Series of Poker | 7 Comments

Speed: The Ride … found!; Dueling Ferris wheels and Caesars’ wonderful life

Remember all those rumors that had the Sahara‘s now-vanished Speed: The Ride packed up and headed for Circus Circus? Not so! The good folks and inquiring minds at VegasChatter.com were sussing out some dormant South Strip developments and discovered … … … Continue reading

Posted in Architecture, Atlantic City, California, Current, Economy, Entertainment, Harrah's, Illinois, International, Internet gambling, Marketing, Maryland, Massachusetts, MGM Mirage, Movies, New York, Racinos, Rhode Island, Sahara, Taxes, The Strip, Tourism, Transportation, Wall Street | 2 Comments

Choo-Choo to Infinity … and beyond!

Our favorite welfare queen, Xpress West (née Desert Xpress) isn’t letting its plans be constrained by anything so mundane as reality. Original pitchman Sig “The Fixer” Rogich has crawled off into the underbrush somewhere but his Choo-Choo-to-Nowhere has found additional … Continue reading

Posted in Arizona, California, Colorado, Economy, Harrah's, Harry Reid, Regulation, Taxes, The Strip, Tourism, Transportation | 5 Comments

SLS Las Vegas: Pretty pictures and propaganda

To celebrate the first anniversary of his cold-blooded, premeditated murder of the Sahara, nightclub owner Sam Nazarian trotted out freshly hired casino boss Rob Oseland, along with some models (no, not of the runway ilk) and even a rendering that … Continue reading

Posted in Architecture, Archon Corp., Boyd Gaming, California, Cosmopolitan, Current, Dining, Encore, Entertainment, Fontainebleau, Goldman Sachs, Harrah's, Marketing, MGM Mirage, Morgans Hotel Group, Plaza, Sahara, Steve Wynn, Taxes, The Strip, Tourism, TV | 4 Comments

Internet gambling: It’s here, deal with it; Another delay in Massachusetts

It’s ironic that Sheldon Adelson is expending so much lungpower and cash to try and block federal legitimization of Internet poker and possibly other games. Washington has been left in the dust by individual states and, if it did try … Continue reading

Posted in Baseball, California, CityCenter, Harrah's, Horseracing, Illinois, International, Internet gambling, Massachusetts, MGM Mirage, Politics, Racinos, Regulation, Shuffle Master, Slot routes, Taxes, Technology, Tribal | 2 Comments

Tropicana Toronto? CityCentre? Horseshoe Etobicoke?

There’s a dark horse in the race for a Toronto megaresort … very dark. It’s Onex Corp., known to you and me as the owner of the Tropicana Las Vegas. Onex subsidiary Casino ABS owns four of the largest casinos … Continue reading

Posted in Alex Yemenidjian, Current, Economy, Election, Harrah's, Horseracing, International, Kansas, Macau, Maryland, MGM Mirage, Midnight Jim Gibbons, Racinos, Sheldon Adelson, Singapore, Steve Wynn, Taxes, Tourism, Wall Street | Comments Off on Tropicana Toronto? CityCentre? Horseshoe Etobicoke?

Casino codependency, Chris Christie’s cowardice & other Case Bets

It’s too bad Steve Friess isn’t here to write this next story, because it’s right up his alley. What do you do if your big-name headliner badmouths your casino and CEO on opening night? You re-hire him, what else? Like … Continue reading

Posted in Alex Yemenidjian, Atlantic City, Current, Donald Trump, Downtown, Entertainment, Harrah's, Internet gambling, LVCVA, Marketing, New York, Ohio, Politics, Riviera, Sheldon Adelson, Station Casinos, Steve Wynn, Tamares Group, Taxes, The Strip, TV | 2 Comments

Massachusetts: Now *this* is interesting; Bluhm’s shameless hypocrisy; Casino John

In an attempt to shave a few months off their casino-approval timeline, the Massachusetts Gaming Commission is going to put the horse before the cart. (I guess you’d call it a “Massachusetts Miracle.”) Potential operators’ fiscal and ethical probity will … Continue reading

Posted in Ameristar, Atlantic City, Current, Don Barden, Donald Trump, Economy, Harrah's, Horseracing, International, Iowa, Kansas, Macau, Massachusetts, MGM Mirage, Neil Bluhm, New York, Ohio, Pansy Ho, Penn National, Pennsylvania, Politics, Racinos, Regulation, Singapore, Taxes, Tribal | 1 Comment

St. Louis: Penn in, Harrah’s out

A ways back, the news broke that Caesars Entertainment — being well and truly on its uppers — was trying to shop as many as 10 Southern and Midwest casinos. The goal was to raise at least $500 million to … Continue reading

Posted in Ameristar, Atlantic City, Current, Election, Florida, Harrah's, Illinois, International, Iowa, Marketing, Maryland, Massachusetts, MGM Mirage, Mississippi, Missouri, Ohio, Penn National, Pinnacle Entertainment, Politics, Racinos, Regulation, Steve Wynn, Taxes, The Strip, Tribal, Wall Street | 4 Comments

New York State of mind; Atlantic City peace of mind; O’Shea’s, a piece of …

If the question of casino expansion were put to Empire State voters this November, the outcome would probably be adverse. That’s the conclusion of a Benenson Group survey. If the fact that Benenson is President Barack Obama‘s pollster of preference … Continue reading

Posted in Election, Entertainment, Genting, Harrah's, Internet gambling, MGM Mirage, Midnight Jim Gibbons, New York, Politics, Racinos, Regulation, Sheldon Adelson, Taxes, Technology, The Strip, Tourism | Comments Off on New York State of mind; Atlantic City peace of mind; O’Shea’s, a piece of …

Quote of the Day

“The U.S. senators and representatives who refuse even to consider raising taxes on the rich—they squall like scalded babies (usually on Fox News) every time the subject comes up—are not, by and large, superrich themselves, although many are millionaires … … Continue reading

Posted in Sheldon Adelson, Taxes, TV | 1 Comment

Hindsight is perfect in Maryland; Bluhm’s bust

If you want a vexing test of one’s intellectual consistency, try the Maryland casino industry on for size. It’s not growing fast enough to suit the state Legislature, which is chafing at the constraints imposed upon it — with not … Continue reading

Posted in Cordish Co., Current, Don Barden, Economy, Harrah's, Maryland, Mississippi, Neil Bluhm, Ohio, Penn National, Pennsylvania, Politics, Racinos, Regulation, Taxes, Wall Street | Comments Off on Hindsight is perfect in Maryland; Bluhm’s bust

Get over it, Vegas; Fat City

Some local businessmen busted out the crying towels last weekend and threw themselves a pity party in the pages of the Los Angeles Times. Now, the wipeout of the Las Vegas economy is — or should be — old news … Continue reading

Posted in Architecture, Atlantic City, CityCenter, Cosmopolitan, Dining, Economy, Encore, Environment, MGM Mirage, Politics, Sheldon Adelson, Steve Wynn, Taxes, The Strip, Tourism | 4 Comments

Big Brother is triangulating you; Dark days for LVH, Riv; Pinnacle’s Lone Star play

Just to make sure you’re not piggybacking onto its mobile-gambling systems, Cantor Gaming is partnering with Locaid to provide “geo-fencing” for its pocket casinos, which can now be played damn near anywhere on a casino property. (The real endgame, however, … Continue reading

Posted in Atlantic City, Cantor Gaming, Colony Capital, Colorado, Donald Trump, Entertainment, Goldman Sachs, Hooters, Horseracing, Internet gambling, Louisiana, Penn National, Pinnacle Entertainment, Racinos, Riviera, Sheldon Adelson, Taxes, Texas, The Strip, TV, Wall Street | 2 Comments

MGM: Riding the crazy train; Rendering unto Caesars

If somebody loaned you a few hundred million, unsecured, you want to come to Las Vegas and lay some big wagers, right? MGM Resorts International has been there, done that. So it’s looking elsewhere to place its bets. And why … Continue reading

Posted in Ameristar, Atlantic City, CityCenter, Donald Trump, Economy, Florida, Genting, Harrah's, International, M Resort, Massachusetts, MGM Mirage, New York, Penn National, Singapore, Taxes, The Strip, Tourism, Tribal, TV, Wall Street | 3 Comments

Illinois: Visit more, spend less; Harrah’s breaks losing streak

Although recent investor presentations by the major casino and game-making companies would leave one feeling pretty sanguine about the economy, “pallid” is the word for the industry’s performance in Illinois last month. Attendance at casinos rose 21% but spending was … Continue reading

Posted in Ameristar, Boyd Gaming, Economy, Harrah's, Illinois, Iowa, Isle of Capri, Macau, MGM Mirage, Neil Bluhm, Penn National, Sheldon Adelson, Steve Wynn, Taxes, The Strip, Wall Street | Comments Off on Illinois: Visit more, spend less; Harrah’s breaks losing streak

Choy challenges Vegas

This is the conclusion of a two-part interview with Riviera boss Andy Choy in which he answers questions submitted by S&G readers. Can the Riv survive if nothing is done with the Sahara, Fontainebleau or Echelon sites for another five … Continue reading

Posted in Boyd Gaming, Culinary Union, Downtown, Economy, Entertainment, Fontainebleau, LVCVA, Marketing, Plaza, Riviera, Sahara, Taxes, The Strip, Tourism, TV | 3 Comments

Singapore: Many called, two chosen; Tunica catches a break

VIP junket operators are coming to Singapore, J.P. Morgan stock analysts reported. Actually, they’re already there in the form of “shadow junkets,” according to Singaporean media. And if Las Vegas Sands or Genting Berhad are knowingly dealing with illegal junketeers, … Continue reading

Posted in Colorado, Current, Economy, Florida, Genting, Internet gambling, Louisiana, Macau, Marketing, Mississippi, Oklahoma, Pokergeddon, Politics, Regulation, Sheldon Adelson, Singapore, South Carolina, Stanley Ho, Taxes, Technology, Wall Street | 1 Comment