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- Ray Lebowski on Sibella scandal spreads; Supremes forestall Seminoles
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Category Archives: The Strip
Round One to Adelson; Berman honored; Atlantic City winning in polls
Sands China has been getting mad props for its handling of the Parisian rollout last week. Compared to Wynn Palace‘s “passive” approach to the market (and despite a hailstorm of upbeat verbiage from Steve Wynn), analyst Christopher Jones wrote, “The awareness … Continue reading
Macao: Dirty money; What Millennial problem?
Is Macao‘s gaming prosperity built on “often shady links to organised crime and racketeering” through the junket business? The South China Morning Post‘s Niall Fraser contends that it is. As of 2013, $202 billion in ill-gotten-gains were flowing through the … Continue reading
Posted in Boyd Gaming, Downtown, Harrah's, history, International, Internet gambling, Macau, Marketing, MGM Mirage, Pinnacle Entertainment, Riviera, Sheldon Adelson, Steve Wynn, The Mob, The Strip
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Eldorado captures Isle; Adelson thwarted; Perlman dies
Scratch one more casino company from the checkerboard. This morning it was announced that Eldorado Resorts was buying Isle of Capri Casinos (long mooted as a takeover target. Eldorado will pay $1.7 billion for Isle — or $23 a share … Continue reading
Posted in Alabama, Atlantic City, Eldorado Resorts, Florida, Foxwoods, Geoff Freeman, Harrah's, history, Internet gambling, Isle of Capri, Louisiana, Massachusetts, MGM Mirage, Missouri, Mohegan Sun, Nevada, Ohio, Oklahoma, Pennsylvania, Politics, Reno, Sheldon Adelson, Taxes, The Mob, The Strip, Tribal, Vietnam, Wall Street
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Judge to Caesars: Get naked; Bite the wax tadpole
“These folks are going to have to pony up the paper,” said U.S. Bankruptcy Court Judge Benjamin Goldgar, stripping the fig leaf from Caesars Entertainment owners Marc Rowan, David Bonderman and others. They’ll have to reveal details of their personal … Continue reading
Posted in Dining, Economy, Georgia, Harrah's, International, Lucky Dragon, Macau, Melco Crown Entertainment, MGM Mirage, Sheldon Adelson, Sports, Steve Wynn, Taxes, The Strip, Transportation, Wall Street
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Caesars dips toe in skill-based slots; MGM National Harbor snares Dylan
Caesars Entertainment is going on the road, as it were, to test-drive its first foray into skill-based slots. It’s going to install six Gamblit Gaming slot carousels at Harrah’s Rincon, with 36 slated for Las Vegas deployment next year. The … Continue reading
Posted in California, Colorado, Cordish Co., Downtown, Environment, Golden Gaming, Harrah's, Hooters, IGT, Internet gambling, Kansas, Maine, Marketing, Maryland, MGM Mirage, Minnesota, Mississippi, Nebraska, Oklahoma, Penn National, Pennsylvania, Racinos, Scientific Games, Sheldon Adelson, South Dakota, Sports, Technology, The Strip, Tribal, TV, West Virginia, Westgate LV, Wisconsin
2 Comments
Rough justice for Adelson; Horseshoe Baltimore gains strength
In the end, the Macao government was scarcely more generous with Sheldon Adelson than it had been with Steve Wynn. Adelson’s Parisian Macao will open with 100 table games, get another 25 on New Year’s Day and 25 more a … Continue reading
Posted in Animals, Cordish Co., Genting, Harrah's, Macau, Maryland, MGM Mirage, Regulation, Sheldon Adelson, Stanley Ho, Steve Wynn, Taxes, The Strip, Tourism
1 Comment
What if they gave a tax and nobody paid?; Fewer comps for video poker?
Just when it seemed there was no line in the sand that casinos wouldn’t draw regarding taxation, gambling halls in Pennsylvania have finally had enough of state levies. Paying $5 million for five years (and $250,000 a year after that) … Continue reading
Posted in Cosmopolitan, Harrah's, MGM Mirage, Neil Bluhm, Penn National, Pennsylvania, Politics, Technology, The Strip
1 Comment
Case Bets: Aria, Atlantic City, etc.
Inside Aria‘s “eye in the sky” … and also probably the last time you’ll see a player in a tuxedo on a Las Vegas casino floor. * After eight long years — and without including Internet revenue — all eight Atlantic … Continue reading
Posted in Atlantic City, CityCenter, Economy, Election, Internet gambling, Macau, MGM Mirage, New York, Oklahoma, Regulation, Technology, The Strip, Tropicana Entertainment
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Hot July on the Strip; Alon: Stayin’ alive
Whales returned to the Strip with a vengeance in July, with baccarat play spurring a 17% revenue increase. The month was probably even bigger but, due to a peculiarity of Nevada casino accounting, slot revenues from the last weekend of … Continue reading
Posted in Boulder Strip, California, Downtown, Entertainment, Genting, International, James Packer, Lake Tahoe, Laughlin, Marketing, Mesquite, Michael Gaughan, Nevada, North Las Vegas, Reno, Scientific Games, Sports, Technology, The Strip, Tourism, Wall Street
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Wynn subtracting one golf course, adding another?; Resorts World Las Vegas postponed again
Although Steve Wynn remains bent upon tearing out Wynn Golf Club on the Strip — in favor of Wynn Paradise Park one day, an NFL stadium the next — he may be planning one for Wynn Boston Harbor. At least … Continue reading
Posted in Atlantic City, Economy, Election, Entertainment, Genting, Lucky Dragon, Macau, Massachusetts, Mississippi, New York, SLS Las Vegas, Steve Wynn, The Strip
2 Comments
Icahn intransigent at Taj; Olympic betting a flop; Relief for Caesars
For someone who claims he’s trying to save Trump Taj Mahal, owner Carl Icahn sure acts like he’s hellbent on closing it. A counteroffer from striking Unite-Here that would cost the casino only $1.3 million a year to preserve health … Continue reading
Packer in a pickle?; Adelson speaks, R-J listens; Big casino sale in Philippines
We haven’t been able to confirm for certain whether or not James Packer‘s latest attempt to conquer Las Vegas, the casino-resort Alon, is definitely kaput. It definitely hasn’t evolved beyond some exquisitely vague, bare-bones documents filed with Clark County. However, we … Continue reading
Posted in Australia, Environment, International, Internet gambling, Iowa, James Packer, MGM Mirage, Mississippi, Philippines, Problem gambling, Regulation, Sheldon Adelson, Sports, Taxes, The Strip, Tilman Fertitta, Tribal
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See Scoundrel’s and die; Caesars fumbles the ball
It’s been a long time since the Nevada Gaming Commission even suspended a license. (I believe it was dive bar Snick’s Place, back in 2009, but I could be wrong.) However, the NGC has taken back the license of Scoundrel’s … Continue reading
Posted in Derek Stevens, Dining, Downtown, Election, Harrah's, Law enforcement, MGM Mirage, New York, Racinos, Regulation, Slot routes, The Strip
1 Comment
If you couldn’t be there …
Except for the aerial gondola ride, the dancing-fountains show at Wynn Palace, in Macao, doesn’t have a thing on its progenitor at Bellagio. Well, nothing except a really bad, Broadway-style show tune (“We’ve got elegance”) that appears to have commissioned … Continue reading
Posted in Entertainment, Macau, Steve Wynn, The Strip
6 Comments
Caesars crashes, burns in Louisiana; DFS takes two steps forward, one back
Despite having an extra weekend day, Louisiana casinos saw revenue fall 7% in July. (JP Morgan analyst Joseph Greff blames flooding for the waterlogged numbers.) Pinnacle Entertainment did the best among major operators, up 4%, while Caesars Entertainment went into the … Continue reading
Posted in Atlantic City, Boyd Gaming, Churchill Downs, Eldorado Resorts, GLPI, Harrah's, Internet gambling, Isle of Capri, Louisiana, Maine, Massachusetts, New York, Pennsylvania, Pinnacle Entertainment, Problem gambling, Sports, Taxes, Technology, The Strip, Tilman Fertitta, Tropicana Entertainment
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Caesars vs. Caesars; Wynn Palace opens
In a surrealistic turn of events, Caesars Entertainment Operating Co. has filed suit against parent Caesars Entertainment, and against majority owners Apollo Management and Texas Pacific Group. This bit of shadow puppetry is apparently intended to get at the goodies … Continue reading
Posted in Election, Entertainment, Florida, Galaxy Entertainment, Harrah's, Internet gambling, Macau, Melco Crown Entertainment, MGM Mirage, Nevada, New York, Steve Wynn, The Strip, Wall Street
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Steve Wynn, re-visionary; DFS in Nevada: It’s back
Evidently industry leaders are coming to terms with the fact that the go-go days when Macao was a $45 billion/year casino market are over. Steve Wynn told The Associated Press that “What took place here in previous years was an anomaly. he … Continue reading
Posted in Donald Trump, Economy, Election, Harrah's, Internet gambling, Macau, Nevada, New York, Regulation, Sheldon Adelson, Station Casinos, Steve Wynn, The Strip
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Wynn: Overextended in Macao?
Daiwa Securities Group put “sell” ratings on Wynn Macau Ltd. and Sands China, arguing that projections that the Wynn Palace and Parisian megaresorts would reverse declines in Macao gambling “remain overly optimistic.” Analysts Adrian Chan and Jamie Soo wrote that … Continue reading
Posted in Architecture, Dining, Galaxy Entertainment, International, Isle of Capri, Macau, Melco Crown Entertainment, MGM Mirage, Neil Bluhm, New York, Sheldon Adelson, Stanley Ho, Steve Wynn, Technology, The Strip, Tourism, Wall Street
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So long, Riviera
For those of us who couldn’t be there, this was the scene as the remaining vestiges of the Riviera swooned gracefully into a pile of debris. You can see spectators scurrying to evade the dust cloud, as it threatens to … Continue reading
Posted in history, LVCVA, MGM Mirage, Riviera, The Strip
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Hooters’ inspirational initiative; New York legalizes DFS
Plucking General Manager Michael Storm from the executive ranks of The D and the Golden Gate and installing him at Hooters Casino Hotel is proving to be one of the best ideas that property’s had in a long time. Storm’s … Continue reading
Posted in Animals, Charity, Harrah's, history, Hooters, Internet gambling, Law enforcement, LVCVA, Riviera, The Strip
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