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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
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Category Archives: The Strip
Schneiderman tightens the squeeze on DFS; Caesars’ Korean woes
If you’re in New York State and lost money to FanDuel and DraftKings, you may be in line for a refund. At least that’s the case if Attorney General Eric Schneiderman has his way. He’s suing the two daily fantasy … Continue reading
Posted in Harrah's, Internet gambling, New York, Planet Hollywood, Regulation, South Korea, Sports, The Strip
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Macao ends 2015 quietly; Record visitation not good enough for Vegas
That “squish” you heard from across the sea was Macao‘s gaming market reporting a decrease of 21% last month, practically good news when measured against November’s 32% plunge. Mind you, Macanese casinos were averaging $74 million in win per day, … Continue reading
Posted in Economy, Eldorado Resorts, Environment, Horseracing, LVCVA, Macau, Melco Crown Entertainment, MGM Mirage, Sheldon Adelson, Steve Wynn, The Strip, Tourism, Wall Street, West Virginia
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Trump: The art of disaster; Good November for Las Vegas
If Donald Trump proposes to run America the way he ran his casinos, God help us all. He built a Boardwalk empire in Atlantic City with a lot of hocus-pocus, debt financing and sky-high interest rates (14% for Trump Taj … Continue reading
Quote of the Day
“I could have sold pencils over there and made more money.” — Cosmopolitan of Las Vegas CEO Bill McBeath on the casino floor, which is due to be part of a $200 million, three-year revamp of the megaresort.
Posted in Architecture, Cosmopolitan, The Strip
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Malice on the Strip; Tribal foes routed
For people with evil in their hearts, the Las Vegas Strip represents a target-rich environment. Most vulnerable are the pedestrians who clog the sidewalks, prey for all manner of harm. Last weekend, it took the form of a rampaging automobile … Continue reading
Posted in Arizona, Harrah's, International, Lake Las Vegas, Law enforcement, Politics, The Strip, Tourism, Tribal
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Reid delivers for REITs; Packer calls it quits
Sen. Harry Reid (D) may not see as well as he used to, but he’s still got plenty of ‘juice’ on Capitol Hill. He delivered an early Christmas present for campaign donor (and Caesars Entertainment co-owner) David Bonderman, in the … Continue reading
Posted in Atlantic City, Australia, Boyd Gaming, Hard Rock International, Harrah's, Harry Reid, James Packer, MGM Mirage, Politics, Taxes, The Strip
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Adelson’s new toy; MGM: ‘Zarkana’ out, architectural innovation in
Las Vegas‘ worst-kept secret is out: Sheldon Adelson is the new owner of the Las Vegas Review-Journal. He’s claiming that the clumsy subterfuge was needed so as not to “distract from the important role Nevada continues to play in the … Continue reading
Posted in Architecture, Cirque du Soleil, CityCenter, Election, Harrah's, Harry Reid, MGM Mirage, Politics, Sheldon Adelson, Taxes, The Strip
4 Comments
‘Jubilee’ axed; DFS banned and reprieved
It was probably a mercy to Ffolliott “Fluff” LeCoque that the Las Vegas showbiz legend died two days before Caesars Entertainment buried a dagger in the heart of Jubilee. LeCoque had been part of the original cast and went on to … Continue reading
Happy birthday, Frank Sinatra
Here’s to the 100th anniversary of the birth of Francis Albert Sinatra, the man arguably more synonymous with Las Vegas than any other.
Posted in Entertainment, history, The Strip
1 Comment
Louisiana: Robbing Peter to play Paul; New disclosures from Genting
Were it not for the Golden Nugget Lake Charles, gaming revenues would have stumbled 7.5% downward last month. Add Tilman Fertitta‘s new showplace, which grossed $20 million, and you have a 15% increase in the Lake Charles market. But, as … Continue reading
No misery in Missouri; Packer’s Vegas venture in question
November was a tranquil month for Missouri casinos, exemplified by Penn National Gaming‘s Argosy Riverside, in Kansas City, dead even with last year. Statewide, foot traffic was down 5% and spending up 6%, particularly at table games, where winnings rose … Continue reading
Las Vegas’ latest efforts to combat the online casino revolution
By Walter Allen Although Las Vegas has long enjoyed a reputation as being the world’s premier casino destination, in the 21st century it has faced unprecedented competition. Not only are alternative gambling hotspots such as Macau in their ascendancy, but increasingly … Continue reading
Posted in Entertainment, Internet gambling, Macau, The Strip
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Crisis point in Atlantic City; Alabama casino bill abandoned
Atlantic City‘s immediate future is teetering over whether it can persuade Boyd Gaming and MGM Resorts International to parcel a $161 million tax refund over an extended period of time. If not, warns Mayor Don Guardian (R), the city will … Continue reading
Posted in Alabama, Atlantic City, Boyd Gaming, Dining, Harrah's, Internet gambling, MGM Mirage, Politics, Regulation, Steve Wynn, The Strip
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Quote of the Day
“The responsibility for everything that takes place upon a property [is on] the owners of that property — regardless of whether it’s regulated by a specific code or not. It is perhaps prudent that they consider what transpired.” — Clark County … Continue reading
Posted in Cosmopolitan, Regulation, The Strip
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Penn charms Wall Street
JP Morgan analyst Joseph Greff recently sat down with Penn National Gaming COO Jay Snowden and, of course, the big topic of conversation was Plainridge Park. Penn doesn’t see Wynn Everett — when it opens in 2018 — as a … Continue reading
Posted in California, Economy, Illinois, M Resort, Marketing, Maryland, Massachusetts, MGM Mirage, Missouri, Penn National, Pennsylvania, Racinos, Rhode Island, Slot routes, Sports, Steve Wynn, Taxes, The Strip, Tribal, West Virginia
1 Comment
Quote of the Day
“This contract is an example of when multiple parties have a vested interest in the outcome, lives can be changed.” — Cosmopolitan of Las Vegas CEO William McBeath, announcing the consummation of a four-year labor pact with the Culinary Union. … Continue reading
Posted in Cosmopolitan, Culinary Union, The Strip
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The ubiquitous Packer; The 27% solution
James Packer has already missed his 2015 deadline for breaking ground on Alon and once again he is taking his eye off the Las Vegas ball. He and his Nobu co-investor, Robert DeNiro, have cut a deal with Antigua and … Continue reading
Posted in Colorado, Dan Gilbert, Economy, Full House Resorts, International, James Packer, Kentucky, MGM Mirage, Politics, Racinos, Riviera, The Strip
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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
Genting feels the heat; DraftKings fights back
All of sudden this week, Genting Group feels compelled to explain itself and declare that, yes, there really has been $50 million worth of construction activity at Resorts World Las Vegas, starting with the parking garage. (Perhaps the visible site preparation … Continue reading
Posted in Election, Genting, Internet gambling, New York, Regulation, Sheldon Adelson, Technology, The Strip
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Same old same-old at Trump; F-blew finally up for sale
Perhaps the biggest question surrounding Trump Taj Mahal is whether, when Carl Icahn takes over, the management team he has publicly upbraided will get to keep their jobs, especially since Uncle Carl has perfectly competent people taking care of business … Continue reading
