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Category Archives: Tilman Fertitta
Hot pursuit for IGT; Players leave good deal on table
It’s a feeding frenzy for International Game Technology. Among those who were quick to pounce on rumors of a sale were lottery king Gtech, Caesars Entertainment co-owner Apollo Management, Ron Perelman-controlled MacAndrews & Forbes Inc. and Carlyle Group, with the … Continue reading
Posted in Atlantic City, California, Cosmopolitan, Harrah's, IGT, Internet gambling, Scientific Games, Tilman Fertitta, Tribal, Wall Street
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Atlantic City online: The god that failed?
May brought bad news from the Boardwalk, where online gambling revenue fell to $10.5 million. (It had been $11.4 million the month before, in itself a decline.) Traditional casinos were off 3% on a same-store basis — i.e., subtracting the … Continue reading
Fertitta breaks ranks; Roll them bones
Golden Nugget owner Tilman Fertitta, 56, may be a Baby Boomer himself, but he’s not satisfied with his Boomer-centric clientele. As he told the Southern Gaming Summit, “One of my scariest things that is young people do not play slot machines.” … Continue reading
Well, that’s the end of that; A win for Wynn
Caving to opposition forces, the government of Sri Lanka has reversed course and nixed casinos from three planned resorts. The most prominent was a $550 million Crown Resorts project. Now James Packer has to decide whether it’s worth the investment … Continue reading
Posted in Dennis Gomes, Entertainment, International, James Packer, Massachusetts, MGM Mirage, Mohegan Sun, Regulation, Riviera, Steve Wynn, The Strip, Tilman Fertitta
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Soft landing in Atlantic City; Sweating the slots
A 4% increase in online play helped soften the landing for Atlantic City this month. With cyber-revenue factored into the equation, casinos were down only 2% on a same-store basis. Slot revenue fell 10% but the odds were in the … Continue reading
Posted in Atlantic City, Boyd Gaming, Cretins, Harrah's, Mohegan Sun, Ohio, Penn National, Regulation, Revel, Technology, Tilman Fertitta, Tropicana Entertainment, Trump Entertainment Resorts
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Kill Phil and other pleasantries
That’s what Borgata would like to do to poker pro Phil Ivey. It is suing him after he cleaned them out of nearly $10 million at the baccarat tables. The suit contends that Ivey and a co-conspirator discovered a flaw … Continue reading
Posted in Atlantic City, Boyd Gaming, Genting, Iowa, Penn National, Pennsylvania, Sheldon Adelson, Tilman Fertitta, Tropicana Entertainment, Warner Gaming
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Adelson: Crassness and classiness; Could online poker flop?
Last weekend’s GOP kaffeeklatsch, hosted by Sheldon Adelson, was such a self-abasing lap dance by the celebrity attendees that this Andy Borowitz satire doesn’t feel like much of a stretch. That being said, Adelson is making his presence felt in … Continue reading
Posted in Charity, Internet gambling, Marketing, MGM Mirage, Pennsylvania, Politics, Regulation, Sheldon Adelson, Tilman Fertitta
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Dramatic turnarounds in Massachusetts; Tribe-on-tribe conflict in California
Hopes that the Mashpee Wampanoags have for a casino got a big lift on March 12. That’s when Interior Department Solicitor Hilary Tompkins ruled that tribes not recognized before 1934 weren’t excluded from casino eligibility. In her interpretation of the … Continue reading
Posted in Boyd Gaming, California, Culinary Union, Derek Stevens, Downtown, Goldman Sachs, Harrah's, Horseracing, Massachusetts, Mohegan Sun, Regulation, Station Casinos, Steve Wynn, Tamares Group, Terry Caudill, The Strip, Tilman Fertitta, Tribal
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‘Pawn Shop’ moves to Strip
If you haven’t seen Pawn Shop Live! at the Golden Nugget, you’ve still got a couple of weeks to do so but on April 17 it reopens at the Riviera. Don’t go expecting a stage version of Pawn Stars. Directed … Continue reading
Posted in Current, Downtown, Entertainment, Riviera, The Strip, Tilman Fertitta, TV
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New York’s challenge; History repeats itself as farce
Wasting no time, the New York State Gaming Commission appointed three experienced public servants to the Resort Gaming Facility Location Board and gave them a June deadline to accept bids. That’s light speed compared to Massachusetts. It also overshadowed something … Continue reading
Posted in Architecture, Boyd Gaming, Economy, International, New Hampshire, New York, Racinos, Tilman Fertitta, Tribal, Trump Entertainment Resorts, Wisconsin
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The industry speaks, Part Two
Both Penn National Gaming and Pinnacle Entertainment have weighed in at the J.P. Morgan Gaming, Lodging, Restaurant & Leisure Management Access Forum. Penn engaged in a three-bucket division of its casinos. “The first bucket comprises properties in markets where there has … Continue reading
Posted in Ameristar, Indiana, Louisiana, Marketing, Massachusetts, MGM Mirage, Missouri, Ohio, Penn National, Pinnacle Entertainment, Racinos, Tilman Fertitta, Wall Street, West Virginia
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Optimism around the industry
Las Vegas‘ premier casino companies have been showing their wares at the J.P. Morgan Gaming, Lodging, Restaurant & Leisure Management Access Forum. Among the pilgrims was Wynn Resorts CFO Matt Maddox, who reported that Wynncore is increasing revenue per available room … Continue reading
Posted in Atlantic City, Boyd Gaming, International, Internet gambling, Japan, Louisiana, Macau, Massachusetts, Mississippi, Sheldon Adelson, Steve Wynn, The Strip, Tilman Fertitta, Wall Street
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Adelson: Sore winner; Good news from Atlantic City
Macao’s 2013 casino haul of $45 billion seems pretty mind-boggling on its own merits. That number could be $115 billion by 2018. Much of that growth will be driven by post-2015 projects of Melco Crown Entertainment and Galaxy Entertainment Group. … Continue reading
Case Bets: Sands, Atlantic City, Maryland, Isle of Capri, Churchill Downs, etc.
Las Vegas Sands lost more top executive talent when Sands Bethworks President Robert DeSalvio handed in his notice. He’ll be at the casino through mid-March but the move seems to have caught Sands off-guard. The latter assured reporters that DeSalvio’s … Continue reading
Nugget strikes gold; Hailing Caesars
One casino’s misery is another’s good fortune. The Golden Nugget in Atlantic City says it’s being swamped with new business ever since Caesars Entertainment and Tropicana Entertainment conspired to the euthanize the Atlantic Club. According to General Manager Tom Pohlman, … Continue reading
Venetian restored; Mobile gaming ascendant
One of the 19th century’s greatest minds was dragged kicking and screaming back into the 21st century when Las Vegas Sands fully restored its Web sites. No more horse-and-buggy rides or reading by candlelight for Sheldon Adelson. It’s back to … Continue reading
Posted in Atlantic City, Boyd Gaming, Internet gambling, Sheldon Adelson, Tilman Fertitta, Tropicana Entertainment
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Time running for Atlantic City; Adelson’s scurrility
After a quarterly hiatus, it seems time to start covering Atlantic City again. The headline item is a $9.5 million gross from Internet gambling. At that rate, online gambling isn’t going to be a game-changer and, indeed, the Boardwalk was … Continue reading
Through a looking glass, brightly
So much for my crystal ball. Two projects that I openly doubted are now close to fruition and a third is showing fitful signs of life. (Another, Howard Bulloch‘s Ferris wheel, appears to be being dismantled.) Yesterday, SLS Las Vegas … Continue reading
Posted in Alex Yemenidjian, Cannery Casino Resorts, Entertainment, Hard Rock Hotel, Harrah's, MGM Mirage, Planet Hollywood, Sahara, Sam Nazarian, The Strip, Tilman Fertitta, Tourism, Transportation
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Case Bets: Atlantic City, Wisconsin & Illinois
Transparency in gaming sustained a couple of blows this week. A proposed ‘black book’ to keep felons out of Illinois slot routes was blocked by legislative forces this week. The excuse given was that the Illinois Gaming Board was acting … Continue reading
Posted in Atlantic City, Cordish Co., Harrah's, Illinois, Politics, Regulation, Tilman Fertitta, Tribal, Tropicana Entertainment, Wisconsin
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Nevada finishing year strong; Christie’s choler
With a little help from one extra weekend day, Nevada gross gaming revenues shot upward 12% statewide in November and 23% on the Strip. Baccarat players lost their shirts, with the house winning 94% more than the previous year. Less … Continue reading