Category Archives: Tilman Fertitta

Revel becomes Ten; Bluhm enters Atlantic City market

Posted on September 21, 2016 by David McKee

As we enter the waning months of 2016, Glenn Straub has decided to wait until next year to reopen Revel. He also announced its long-awaited new name: Ten (actually it’s “TEN” but we don’t go for that all-caps tomfoolery at … Continue reading →

Posted in Atlantic City, Glenn Straub, Internet gambling, Macau, Neil Bluhm, Pennsylvania, Philippines, Regulation, Revel, Tilman Fertitta, Tropicana Entertainment, Unite-Here | 1 Comment

Analysts not sold yet on Macao recovery; Soggy month for Louisiana

Posted on September 16, 2016 by David McKee

They came, they saw, they were unconvinced. “The re-affirmation that mass is improving was pronounced,” reported Deutsche Bank analyst Carlo Santarelli, adding that projections were all over the place. “We get the sense that expectations remain low with respect to … Continue reading →

Posted in Australia, Boyd Gaming, Churchill Downs, Economy, Eldorado Resorts, Galaxy Entertainment, GLPI, Harrah's, Isle of Capri, Louisiana, Macau, Massachusetts, Melco Crown Entertainment, MGM Mirage, Penn National, Pinnacle Entertainment, Racinos, Sheldon Adelson, South Korea, Steve Wynn, Tilman Fertitta, Tropicana Entertainment, Wall Street | Comments Off

Atlantic City: Some win, most lose

Posted on September 14, 2016 by David McKee

Just when things were looking up, August casino revenues in Atlantic City fell 7%. Some consolation was to be derived from a 32% increase in Internet revenue, up to $16 million. Slot revenue of $167 million was down 5% on … Continue reading →

Posted in Atlantic City, Carl Icahn, Harrah's, Internet gambling, MGM Mirage, Mohegan Sun, PokerStars, Tilman Fertitta, Tropicana Entertainment | Comments Off

Shady dealing in Massachusetts; Caesars mediation breaks down

Posted on September 12, 2016 by David McKee

Shadowy casino speculator Eugene McCain is trying to make his coveted Revere slot a fait accompli by having a special election held prior to November in which local voters would express their ‘yea’ or ‘nay’ before statewide voters weigh in … Continue reading →

Posted in Atlantic City, Election, Harrah's, International, Marketing, Massachusetts, Mohegan Sun, Philippines, Regulation, Technology, Tilman Fertitta, Tropicana Entertainment, Unite-Here | 2 Comments

Packer in a pickle?; Adelson speaks, R-J listens; Big casino sale in Philippines

Posted on August 29, 2016 by David McKee

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 | Comments Off

Caesars crashes, burns in Louisiana; DFS takes two steps forward, one back

Posted on August 25, 2016 by David McKee

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 | Comments Off

Big month for Atlantic City; Wanna be president?

Posted on August 12, 2016 by David McKee

Casino gambling revenue in Atlantic City was up 5%, to $258 million, last month and Internet gaming revenues pole-vaulted 39%, exceeding $17 million. Higher coin-in at the slots translated into a 3% growth in one-armed banditry while a 7% increase … Continue reading →

Posted in Architecture, Atlantic City, Boyd Gaming, Election, Harrah's, Internet gambling, Massachusetts, MGM Mirage, Mohegan Sun, Tilman Fertitta, Tropicana Entertainment, Unite-Here, Westgate LV | Comments Off

Mashpee casino blocked; Wynn: Doing more with less

Posted on August 1, 2016 by David McKee

Carcieri v. Salazar and the Indian Reorganization Act have come back to bite the Mashpee Wampanoag tribe in the hindquarters. U.S. District Judge William G. Young has ruled against a Taunton casino project, siding with the contention of a group … Continue reading →

Posted in Boyd Gaming, Charity, Eldorado Resorts, Foxwoods, Genting, Harrah's, history, International, Internet gambling, Isle of Capri, Macau, Massachusetts, MGM Mirage, Mississippi, Neil Bluhm, Pennsylvania, Regulation, Steve Wynn, Taxes, Tilman Fertitta, Tribal | Comments Off

Pinnacle dominates Louisiana; Trump settles Vegas case

Posted on July 22, 2016 by David McKee

Pulled under by the Shreveport/Bossier City market (-6%), June gaming numbers in Louisiana came in 3% off last year’s. Pinnacle Entertainment‘s Boomtown Bossier ($5 million) far outperformed the competition, up 11%. Hardest hit were the Caesars Entertainment properties, with usually reliable … Continue reading →

Posted in Atlantic City, Boyd Gaming, Carl Icahn, Churchill Downs, Culinary Union, Donald Trump, GLPI, Harrah's, Isle of Capri, Louisiana, Palms, Penn National, Pinnacle Entertainment, Racinos, Slot routes, Station Casinos, Tilman Fertitta, Tropicana Entertainment, Unite-Here | Comments Off

Lean June in Atlantic City; Respect for the riff raff

Posted on July 13, 2016 by David McKee

Just when it should have been booming with the summer season, Atlantic City casino revenue fell 4% — $197.5 million — although online casino revenues rose 41% (to $16 million). Resorts Digital — aka PokerStars — is still bringing up the … Continue reading →

Posted in Atlantic City, Boyd Gaming, Harrah's, International, Internet gambling, Marketing, Mohegan Sun, PokerStars, Regulation, Tilman Fertitta, Tropicana Entertainment | Comments Off

Donald Trump, stiff; Partial labor peace in Atlantic City

Posted on June 30, 2016 by David McKee

One of the benefits of Donald Trump‘s current ubiquity is that it has belatedly spurred the press into debunking the myth that he was a successful casino operator in Atlantic City. A particularly damning Associated Press story connects the dots … Continue reading →

Posted in Atlantic City, Boyd Gaming, Donald Trump, Galaxy Entertainment, Glenn Straub, Harrah's, Macau, Melco Crown Entertainment, Mohegan Sun, Regulation, Revel, Steve Wynn, Tilman Fertitta, Tourism, Tropicana Entertainment, Unite-Here | Comments Off

Louisiana gets hammered; Three states legalize DFS

Posted on June 20, 2016 by David McKee

As we’ve noted before, May was hard on Midwest casino operators, nowhere more so than in Louisiana, where gambling revenue was down 13%. This marks seven months of same-store decline for the Pelican State, an exceptional slump, with the usually … Continue reading →

Posted in Boyd Gaming, California, Churchill Downs, Colorado, Economy, Eldorado Resorts, GLPI, Golden Gaming, Harrah's, Internet gambling, Isle of Capri, Louisiana, MGM Mirage, Missouri, Nevada, New York, Pinnacle Entertainment, Regulation, Sports, The Strip, Tilman Fertitta, Tribal, Tropicana Entertainment, Wall Street | 2 Comments

NHL picks Las Vegas; Borgata carries Atlantic City

Posted on June 14, 2016 by David McKee

It’s not been officially confirmed and it’s not a final decision, but The Associated Press is reporting that the NHL‘s executive committee has chosen Las Vegas businessman Bill Foley‘s proposal to create an expansion franchise in Sin City. In a … Continue reading →

Posted in Atlantic City, Boyd Gaming, Current, Harrah's, Internet gambling, MGM Mirage, Mohegan Sun, PokerStars, Sports, The Strip, Tilman Fertitta, Tropicana Entertainment, Wall Street | 1 Comment

Trump: How to make out like a bandit; Big plans for Station

Posted on June 13, 2016 by David McKee

To give the devil his due, if you visit Trump Taj Mahal and are dismayed because “carpets are frayed and dust-coated chandeliers dangle above the few customers there to play the penny slot machines,” you are not entirely witnessing the … Continue reading →

Posted in Atlantic City, Boyd Gaming, Donald Trump, Harrah's, IGT, MTR Gaming, Palms, Regulation, Riviera, Station Casinos, Technology, The Strip, Tilman Fertitta, Transportation, Trump Entertainment Resorts, Wall Street | 1 Comment

Atlantic City back on death watch?; Money problems at Moulin Rouge

Posted on June 3, 2016 by David McKee

Things are suddenly looking grim for Atlantic City: A new Monmouth University poll shows voters evenly divided on a referendum to end the Boardwalk’s monopoly on casino gambling, an erosion of public support for the resort city. Assessing the situation … Continue reading →

Posted in Atlantic City, Downtown, Economy, Election, Environment, Harrah's, Internet gambling, Macau, Massachusetts, MGM Mirage, Mohegan Sun, Penn National, Problem gambling, Regulation, Riviera, Steve Wynn, Tilman Fertitta, Trump Entertainment Resorts | Comments Off

Internet gaming backstops Atlantic City; Swordplay in Vegas

Posted on April 13, 2016 by David McKee

Traditional casino revenue fell 2% last month in Atlantic City but online winning were up 18%. The entry of PokerStars wasn’t immediately felt, as Resorts Digital‘s market share stood at 12%. behind Borgata ($4 million, 28%), Caesars Interactive (20%), Golden … Continue reading →

Posted in Atlantic City, Boyd Gaming, Carl Icahn, Glenn Straub, Harrah's, history, Internet gambling, MGM Mirage, Mohegan Sun, PokerStars, Reno, Revel, Riviera, Sheldon Adelson, Tilman Fertitta, Tropicana Entertainment | Comments Off

Good year for Atlantic City; Sands slapped with fine

Posted on April 12, 2016 by David McKee

Free market forces did what governmental intervention and flashy marketing campaigns could not: They steadied Atlantic City‘s casino economy. With the dead weight of four casinos — Revel, Showboat, Atlantic Club and Trump Plaza — jettisoned, profits not only steadied, … Continue reading →

Posted in Atlantic City, Boyd Gaming, Carl Icahn, Dining, Economy, Environment, Harrah's, Internet gambling, Macau, Mississippi, Mohegan Sun, PokerStars, Regulation, Sheldon Adelson, Sports, Steve Wynn, Tilman Fertitta, Tropicana Entertainment, Trump Entertainment Resorts | Comments Off

Atlantic City has a big month

Posted on March 14, 2016 by David McKee

Reports of Atlantic City‘s demise have been greatly exaggerated. The city’s casinos posted a 13% revenue increase (over an admittedly weak February 2015) and Internet gambling revenue was up 42%, to $15 million. In the latter department, Borgata (29% of … Continue reading →

Posted in Atlantic City, Boyd Gaming, Harrah's, Internet gambling, MGM Mirage, Mohegan Sun, Tilman Fertitta, Tropicana Entertainment | Comments Off

Doldrums in Louisiana; Free play imperiled in Pennsylvania

Posted on March 14, 2016 by David McKee

Louisiana gaming revenues, aided by Leap Day, were flat last month, which is pretty surprising because most of the brand names had revenue-negative months. Lake Charles led the state with $74 million. Golden Nugget had a signal month, up 37% … Continue reading →

Posted in Boyd Gaming, Churchill Downs, Eldorado Resorts, Election, GLPI, Greenwood Racing, Harrah's, Horseracing, Idaho, Isle of Capri, Louisiana, Maine, Penn National, Pennsylvania, Pinnacle Entertainment, Taxes, Tilman Fertitta, Tropicana Entertainment, West Virginia | Comments Off

Big change for Tropicana; MGM wins in Springfield

Posted on February 24, 2016 by David McKee

Tri-State News, Weather Indiana will have a second land-based casino (three, if Majestic Star gets its way) after the Indiana Gaming Commission looked with favor on the pleas of Tropicana Entertainment and the Evansville city fathers. “That money allows us to buy … Continue reading →

Posted in Architecture, Atlantic City, Boyd Gaming, Culinary Union, Don Barden, Economy, Indiana, Majestic Star, Massachusetts, MGM Mirage, Mississippi, Regulation, Station Casinos, Steve Wynn, The Strip, Tilman Fertitta, Tropicana Entertainment, Unite-Here | Comments Off