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Category Archives: Tilman Fertitta
Revel gets a rave review
Deutsche Bank‘s Carlo Santarelli took a jaunt down to Atlantic City to check out Revel, the biggest noise on the Boardwalk in almost a decade. He thought … well, let him tell it: “From the check in reception area, complete … Continue reading
Atlantic City: Low prices and high dudgeon
That shriek of dismay you hear from the direction of Atlantic City is the screech of hotelier Curtis Bashaw (left). What is the cause of his umbrage? The discovery that a hotel room in A.C. can be had for as … Continue reading
Biloxi: Isle out, Landry’s in; Grind joints come to Atlantic City
Not even a rocky start in Atlantic City has cooled the ardor of Landry’s Restaurant CEO Tilman Fertitta for new casino acquisitions. Earlier today Landry’s announced that it had bought Isle Casino Hotel, putting Fertitta into the Biloxi market. The … Continue reading
Bluhm, Boyd win in Illinois, everyone else loses
Well, not quite but the headline pretty much gives you January’s narrative in a nutshell. After backing out the contribution made by Neil Bluhm‘s new, category-killing Rivers Casino in Des Plaines, gambling revenue from the Land of Lincoln was a … Continue reading
Belated Christmas presents
Good news is busting out all over, starting in the unlikeliest place … Atlantic City. Ye Olde Boardwalk was up 4% last month, its first revenue-positive month in 15 quarters. Even a 10% fall in table drop couldn’t put a … Continue reading
Borgata or bust; ‘LVH,’ Jacko & Sinead
First, the good news: Borgata — accounting for more than one-fifth of the entire market share — continues to vastly outpace the rest of the Atlantic City market. Last month, it raked in $50 million for a 2% gain, driven … Continue reading
Atlantic City: Fertitta struggling, Gomes triumphing, Boyd steady
No surprise that Borgata remains in a class by itself among Atlantic City resorts. It finished October at 0.0% deviance from last year, as flat as “flat” can be. The lone gainer in the market was Resorts Atlantic City, up … Continue reading
Another victory like this …
In one of the most Pyrrhic victories in casino-industry history, Colony Capital has managed to prevent foreclosure of the former Atlantic City Hilton. But the cost of victory outweighs the gain. Colony got itself out of this scrape by giving … Continue reading
Posted in Colony Capital, Current, Dennis Gomes, Genting, Mississippi, New York, Politics, Racinos, Regulation, Tilman Fertitta, Wall Street
1 Comment
At long last, Octavius; Power plays at Hilton, Beso
Good news for whales and business travelers: The long-in-abeyance Octavius Tower at Caesars Palace has been finished inside and out, and will open for business on Jan. 2, 2012. The ginormous, high-tech hotel rooms are perfect for the customer with … Continue reading
Atlantic City: The morning after
Damage from Hurricane Irene wasn’t as bad as feared in Atlantic City, although it ripped up beach facilities pretty good. Casinos were even able to maintain power through the wee hours of Sunday morning. Borgata‘s Water Club tower sustained some … Continue reading
Posted in Atlantic City, Boyd Gaming, Current, Economy, Environment, Tilman Fertitta, Transportation
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Musical chairs; Perry’s hypocrisy
Those who go around, come around. The newly unveiled management team for the Margaritaville Casino in Biloxi has a distinct aura of déja vu. CEO Tom Brosig used to be Lyle Berman‘s right-hand man at Grand Casinos, whose Biloxi casino … Continue reading
Pain in the ACH
In the shrinking Atlantic City market, where most of the casinos are operating in the red, it was inevitable that one or two of the so-called “parasitic” ones would bite the dust. While the ex-Atlantic City Hilton (preposterously rebranded as … Continue reading
Elvis & Eva have left the building
Two axes fell upon CityCenter in one day. It’s tough to decide which is more newsworthy. I’ll go with the Beso story because it has a not-so-hidden upside. Golden Nugget CEO Tilman Fertitta is feeling sufficiently bullish to plant his … Continue reading
Frosty spring on the Boardwalk; Tortoises vs. hares in Pennsylvania
Dennis Gomes‘ comeback trail at Resorts Atlantic City (left) finally hit a wall in May. The recovering casino was 4% off last year’s pace, although that’s above-average performance in market that took another thwack last month, down 9%. The feeble … Continue reading
Posted in Atlantic City, Boyd Gaming, Current, Dennis Gomes, Donald Trump, Economy, George Maloof, Harrah's, Neil Bluhm, Pennsylvania, Racinos, The Strip, Tilman Fertitta, Tourism, Tropicana Entertainment
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Ruffin it; Atlantic City: up in smoke?
“Nightclubs — we just didn’t fare well with them. There are so many nightclubs. Everyone’s got just one or two. Ours were just marginal.” That’s Treasure Island owner Phil Ruffin‘s argument for repositioning the pirate place for a mid-market, middle-aged … Continue reading
Posted in Atlantic City, Boyd Gaming, Cirque du Soleil, Dennis Gomes, Donald Trump, Economy, Entertainment, Environment, Hard Rock Hotel, Harrah's, history, Horseracing, Kansas, Macau, Marketing, Massachusetts, Morgans Hotel Group, New York, Pennsylvania, Phil Ruffin, Politics, Problem gambling, Racinos, Regulation, Station Casinos, The Strip, Tilman Fertitta, Tourism, Tribal, Wall Street, Warner Gaming
1 Comment
Atlantic City on the mend; Trump: Fish or cut bait?; Mike Ensign’s woes
My apologies for attenuated bloggery today but a swarm of deadlines presses upon me, including coverage of the demise of 104-year-old Huguette Clark, daughter of Sen. William A. Clark, from whom Clark County takes its name. You’ll find a lengthy … Continue reading
Posted in Alex Yemenidjian, Architecture, Atlantic City, Boyd Gaming, Carl Icahn, Charity, CityCenter, Colony Capital, Current, Dan Lee, Dennis Gomes, Donald Trump, Downtown, Economy, Election, Environment, Harrah's, history, Isle of Capri, Marketing, MGM Mirage, Missouri, Penn National, Pinnacle Entertainment, Planet Hollywood, Regulation, Sheldon Adelson, Steve Wynn, The Strip, Tilman Fertitta, Wall Street
4 Comments
Quote of the Day
“Very little, I suppose.” — a friend’s response to the Riviera‘s Rich Little announcement, memories of Little’s sclerotic Golden Nugget gig (complete with a song in praise of Tilman Fertitta) fresh in our minds.
Posted in Downtown, Entertainment, Riviera, The Strip, Tilman Fertitta
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Trump™: asset or liability?
If you’d like to wager on Donald Trump‘s sham presidential “campaign” and you like long odds Paddy Power is the place for you. It’s taking action on the 2012 presidential race and Trump is now a 33-to-1 shot, along with … Continue reading
Posted in Atlantic City, Colony Capital, Current, Entertainment, history, International, Marketing, Movies, Sports, Steve Wynn, Tilman Fertitta, TV, Wall Street
9 Comments