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Recent Posts
- You can’t fix stupid; Good-bad news on the bayou
- If you can’t beat ’em, cheat ’em; Fun & games
- Pennsylvania soggy; Epic fail in North Carolina
- Sibella scandal spreads; Supremes forestall Seminoles
- Atlantic City rebounds; Sibella dumped; NFL suspicions
- MGM limping back; Atlantic City follies; Wall Street Jottings
- On and off the radio
- MGM crippled; Illinois & Indiana report; Bally’s shaky in Chi
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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
- ACGambler on MGM limping back; Atlantic City follies; Wall Street Jottings
- Bob on Bally’s opens, Chicago yawns; MGM, tree murderers
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- Sibella scandal spreads; Supremes forestall Seminoles - 56,611 views
- You can’t fix stupid; Good-bad news on the bayou - 56,502 views
- If you can’t beat ’em, cheat ’em; Fun & games - 54,879 views
- Pennsylvania soggy; Epic fail in North Carolina - 55,809 views
- Atlantic City rebounds; Sibella dumped; NFL suspicions - 55,790 views
- Profit vs. investment on the Strip - 1,055,396 views
- Lame nag; Frissora overpaid? - 578,615 views
- The evils of bingo; Wynn’s Aqueduct exit - 90,532 views
- That casino smell - 63,647 views
- Bally’s opens, Chicago yawns; MGM, tree murderers - 58,379 views
- MGM crippled; Illinois & Indiana report; Bally’s shaky in Chi - 57,973 views
- MGM paralyzed; DraftKings debacle; Mount Airy wins - 57,342 views
- MGM limping back; Atlantic City follies; Wall Street Jottings - 57,016 views
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Category Archives: The Strip
Harrah's wants your two cents
Not as in your opinion, this time, but just to book a room. That’s right, guys, Harrah’s Las Vegas is offering two-cent Tuesdays. The catch is you have to stay in the Strip casino that most closely resembles an urban … Continue reading
Posted in Architecture, Harrah's, Sheldon Adelson, The Strip, TV
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Case Bets: PR, Trump
Press releases are always manna on a slow news day but sometimes you get one (OK, many) that make you want to pull your hair. For instance, I received such a specimen late yesterday from an agency that shall remain … Continue reading
Posted in Architecture, Dining, Donald Trump, Downtown, Harrah's, Steve Wynn, The Strip, Tilman Fertitta, Tropicana Entertainment
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Station gets it; In defense of Boyd
Kudos to Station Casinos for agreeing to give its employees first dibs on apartments to be built near Fiesta Henderson. This is a story that fell through the cracks recently but deserves to be highlighted. The land was originally set … Continue reading
Posted in Boulder Strip, Boyd Gaming, Harrah's, Morgans Hotel Group, Sheldon Adelson, Station Casinos, Steve Wynn, The Strip
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Boyd & Morgans: co-dependency and abuse
Where is your pride, Boyd Gaming? After being kicked in the teeth by Morgans Hotel Group last summer (when Morgans leaked the news of Echelon's suspension before Boyd's planned announcement), the casino company is crawling back for more. Today's announcement … Continue reading
Posted in Boyd Gaming, Morgans Hotel Group, The Strip
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Headless owner in topless bar
“It is amazing how people get religion once they want a gaming license,” said then-Nevada Gaming Control Board member Brian Harris, back in December ’98, in one of the all-time-great casino-related quotes. Harris’ statement came in connection with the license-application … Continue reading
Posted in Downtown, Election, Regulation, The Strip
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Mont-blew it; more E-Can; Trump struggling
"Montbleu screwed our pooch." That's the conclusion of Chuck Monster, who chronicles a bait-and-switch at the former Caesars Tahoe. It's now part of the prospering casino fleet that is Columbia Sussex and its "pet friendly" package turned out to be … Continue reading
Posted in Animals, Boulder Strip, Cannery Casino Resorts, Columbia Sussex, Donald Trump, Lake Tahoe, Pets, The Strip
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Case Bets: South Point, Gustav, Monte Carlo, Gold Spike, Excalibur, etc.
Why does a holiday weekend suck? Because it means that instead of having to dig through three days' worth of the Las Vegas Review-Journal on Monday (a depressing task under the best of circumstances), a Tuesday start means at least … Continue reading
Posted in Animals, Current, Downtown, MGM Mirage, Michael Gaughan, Mississippi, Monte Carlo fire, Sheldon Adelson, Tamares Group, Taxes, The Strip, Wall Street
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Quote of the Day
“The real story here is the workers, who put up with the worst working conditions, having the fortitude and tenacity to say we’re not going to be run out of here by someone who has come in from Kentucky to … Continue reading
Posted in Columbia Sussex, Kentucky, The Strip
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Quote of the Day
"You can't save your way to success." — Tropicana Entertainment CEO Scott Butera, commenting on the new collective-bargaining agreement at the Las Vegas Tropicana. Funny, but that's almost a word-for-word reprise of Dennis Gomes' analysis of parent company Columbia Sussex's … Continue reading
Posted in Columbia Sussex, The Strip
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From bad to worse
British Reuters lays out a dire scenario for casino bonds, the second-most-distressed sector of the junk-bond market (only media firms are doing worse). "We believe it probably hasn't hit its bottom," is the grave verdict of Moody's Investors Service analyst … Continue reading
Posted in Columbia Sussex, Donald Trump, Harrah's, Isle of Capri, Morgans Hotel Group, Sheldon Adelson, Station Casinos, The Strip, Wall Street
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Trop sale stumbles forward … sorta
If Justice Gary Stein, the state-appointed trustee for the Atlantic City Tropicana Casino & Resort, isn’t the most inept public servant in America, it’s not for lack of effort. Add nepotism to his string of failings, as his ever-less-credible pronouncements … Continue reading
Posted in Atlantic City, Columbia Sussex, Harrah's, Indiana, MGM Mirage, Penn National, Pinnacle Entertainment, The Strip
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This is news?; plus Station/Harrah's/Echelon notes
Way back when Vestin Group made a loan to the Castaways that exceeded the doomed casino's appraised value (as revealed by a Vestin-commissioned appraisal that miraculously emerged when the Castaways filed for bankruptcy*), I did some digging into Vestin's financials. … Continue reading
Posted in Boyd Gaming, Harrah's, Morgans Hotel Group, Station Casinos, The Strip, Wall Street
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More bankruptcies predicted
Financial Week weighs in the casino industry's current doldrums, amplifying the newly recurrent refrain that the revenue diversification which we thought would shield Las Vegas and other destination markets from the bad times is instead increasing its exposure to same. … Continue reading
Posted in Boyd Gaming, Herbst Gaming, Indiana, Morgans Hotel Group, Sheldon Adelson, The Strip, TV, Wall Street
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Quote of the Day
"Something which is fairly unique to a city the size of Las Vegas, is that the decisions of one or two individuals have the power to destabilize the entire city. We’re a one trick town … with only a few … Continue reading
Posted in Boyd Gaming, The Strip
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Case Bets: Luxor, Excalibur, Cannery East
MGM Mirage has provided a little more insight into just how much it’s doing in terms of spending on renovations to Luxor and Excalibur. “We are spending around $100M in improvements on each of these properties this year, and we … Continue reading
Posted in Boulder Strip, Boyd Gaming, Cannery Casino Resorts, James Packer, MGM Mirage, The Strip
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Robbing Luxor to pay (for) CityCenter?
No sooner had MGM Mirage brass sprayed Wall Street’s fire during yesterday’s earnings call than comes a new scare: Glenn Hausmann of Hotel Interactive Inc. reported that “A variety of industry suppliers who wished to speak off the record have … Continue reading
Posted in Columbia Sussex, MGM Mirage, The Strip
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Case Bets: MGM Mirage, Ameristar, Penn National
It almost goes without saying right now that any earnings report is going to come in slightly below Wall Street’s consensus. That’s just the way the dice are bouncing these days. Such is the case with MGM Mirage, where Strip … Continue reading
Posted in Ameristar, Colorado, Detroit, Harrah's, Illinois, Indiana, MGM Mirage, Penn National, The Strip, Wall Street
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Ola, Amigo!
As of yesterday, I'm a newly minted Amigo card holder, having joined Station Casinos' spinoff players club for its Fiesta properties. (Chalk up a very modest victory for Fiesta's spirited marketing efforts.) Why Station, having put nearly a decade of … Continue reading
Posted in Ameristar, Boulder Strip, George Maloof, Harrah's, MGM Mirage, Station Casinos, The Strip
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Man Bites Dog Dept.
A Republican senator running for reelection on the strength of his good relationship with … Sen. Barack Obama?!? Between that and the strong possibility that Sen. John McCain could win the presidency and yet see the national GOP sustain tremendous … Continue reading
Posted in Boyd Gaming, Election, Politics, The Strip, Wall Street
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