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- Ray Lebowski on Sibella scandal spreads; Supremes forestall Seminoles
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Category Archives: Transportation
Indiana gamblers visit less, play more; Rude surprise at Seminole Hard Rock
Indiana casino customers visited less last month but more than made up for it with increased spending, keeping Hoosier State gaming revenues stable. That even-keel figure conceals some big swings and roundabouts at individual property. Horseshoe Hammond had an unaccountably … Continue reading
Murren minces few words; Wynn Boston Harbor sets opening date
Commiting truth isn’t as rare in the casino business as in politics but MGM Resorts International CEO Jim Murren was startlingly candid in yesterday’s earnings call, crediting a surge in Las Vegas summer business to a Zika virus outbreak in Florida, … Continue reading
Posted in Atlantic City, California, Carl Icahn, Entertainment, Florida, Foxwoods, International, Internet gambling, LVCVA, Massachusetts, MGM Mirage, Mohegan Sun, Politics, Riviera, Singapore, South Korea, Steve Wynn, The Strip, Tourism, Transportation, Tropicana Entertainment, Trump Entertainment Resorts, Unite-Here, Wall Street
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Wynn Boston Harbor breaks ground; MGM modestly beats expectations
Somerville Mayor Joseph Curtatone has apparently thrown in the towel in his opposition to Wynn Boston Harbor, with the consequence that construction will have begun by this time tomorrow. The $2.1 billion project’s endurance is a tribute to Bostonian Steve Wynn‘s … Continue reading
Posted in California, Environment, Geoff Freeman, Macau, Massachusetts, MGM Mirage, Mississippi, Mohegan Sun, Penn National, South Korea, Sports, Steve Wynn, Technology, The Strip, Transportation, Wall Street
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Tribal gaming reaches new high; New concept for Railroad Pass
Last year was the best ever for tribal casinos, up 5% from 2014, coming in just a bit shy of $30 billion. Recent efforts to align tribal and private-sector casino interests come at a time when the tribal sector could … Continue reading
Posted in Architecture, Dubai, Economy, Election, Indiana, Kazuo Okada, Macau, MGM Mirage, Mississippi, Nebraska, Philippines, Regulation, Transportation, Tribal, Tropicana Entertainment
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Big win for Wynn; Entertainer gets shrunken head
It’s never too late to count out litigious Somerville Mayor Joseph Curtatone but it looks like Wynn Boston Harbor may finally be inevitable. The casino project received a development permit from the Massachusetts Department of Environmental Protection. Sore losers Mohegan … Continue reading
Posted in Atlantic City, Entertainment, Iowa, Louisiana, Macau, Massachusetts, Mohegan Sun, Regulation, Steve Wynn, Transportation, Tropicana Entertainment, Unite-Here
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Poker hands across the ocean; New offer in Caesars bankruptcy
Spurning Nevada and Delaware, the state of New Jersey is exploring an online-poker compact with the United Kingdom. The deal, if consummated, would allow the two entities to share players and liquidity. “Even when you discount children and non-gamblers, it gives … Continue reading
Posted in Atlantic City, Glenn Straub, Harrah's, International, Internet gambling, Iowa, MGM Mirage, Regulation, Revel, Technology, The Strip, Transportation, Warner Gaming
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Station trumps stadium selection
Station Casinos has vaulted to the forefront of the parties vying to host an NFL-size stadium on their property. While Station’s vast real estate bank has long been viewed as the ace up its sleeve, the company has had difficulty … Continue reading
Posted in Architecture, Lucky Dragon, MGM Mirage, Riviera, Sheldon Adelson, SLS Las Vegas, Sports, Station Casinos, The Strip, Transportation
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Trump: How to make out like a bandit; Big plans for Station
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
The end of an era; Aquinnah tribe beats the odds
Free parking on the Las Vegas Strip bit the dust yesterday, as MGM Resorts International starting charging for the privilege of using its casino-hotels, starting with Aria, Vdara, Monte Carlo and New York-New York. Today, parking fees hit the low-rollers … Continue reading
Posted in Arizona, Columbia Sussex, Kentucky, Massachusetts, MGM Mirage, The Strip, Transportation, Tribal
1 Comment
Hard May in Illinois; Buyer found for F-blew?
Casino patrons in Illinois are spending a bit more these days but there were 8% fewer of them last month, leading to a 6% revenue decline, partly due to one fewer weekend this year. On an individual basis, casinos tended … Continue reading
Posted in Boyd Gaming, Carl Icahn, Derek Stevens, Detroit, Downtown, Fontainebleau, GLPI, Harrah's, Illinois, MGM Mirage, Neil Bluhm, Penn National, Slot routes, Steve Wynn, The Strip, Transportation, Tropicana Entertainment, Wall Street
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Monte Carlo, meet Park MGM; Wynn, Adelson, Barrack help Trump
In the end, MGM Resorts International CEO Jim Murren couldn’t decide between “The Park” and “The Park at MGM Grand” as the new name for Monte Carlo, so he dubbed it Park MGM, which sounds like someplace you leave your … Continue reading
Posted in Charity, Colony Capital, Donald Trump, Entertainment, Environment, Harrah's, Massachusetts, MGM Mirage, Michael Gaughan, Sheldon Adelson, Sports, Station Casinos, Steve Wynn, The Strip, Transportation
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Straub: Name my casino!; RAWA breathes its last … for now
Glenn Straub has either thrown up his hands over the task of renaming Revel or is feeling the spirit of democracy. Either way, he’s taking suggestions from the Twitterverse as to potential new monikers, with a $10,000 for the winning … Continue reading
MGM prevails, Wynn slowed in Massachusetts
Bowing to the inevitable, the Massachusetts Gaming Commission ratified MGM Resorts International‘s redesign of MGM Springfield, on which the casino company is already hard at work. What was the MGC to do? Tell MGM to go back to Square One? … Continue reading
Posted in Architecture, Environment, International, Internet gambling, Massachusetts, MGM Mirage, Mohegan Sun, Politics, Regulation, Steve Wynn, Transportation, Tribal
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Ethnic insensitivity in Oregon; Penn’s last stand in Iowa
A TV ad campaign for Oregon state-sponsored VLTs has riled up the Coquille Indian Tribe, not least because it depicts the Lewis & Clark Expedition happening upon video gaming in wilderness that has been ethnically cleansed of Native Americans. Coquille Chairman … Continue reading
Posted in California, Delaware, Economy, Internet gambling, Iowa, Macau, Marketing, Penn National, Regulation, Tourism, Transportation, Tribal, Warner Gaming
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Lobbyists win in Atlantic City fight; Untimely reprimand for Bluhm
As Atlantic City fights to maintain its monopoly on casino gambling in New Jersey, it’s getting a lot of help from casino companies themselves — and lobbyists are making out like bandits. The biggest spender to date has been Caesars … Continue reading
Posted in Atlantic City, Australia, Boyd Gaming, Downtown, Election, Entertainment, Genting, Greenwood Racing, Harrah's, Illinois, LVCVA, Massachusetts, MGM Mirage, Neil Bluhm, Penn National, Pennsylvania, Regulation, Sheldon Adelson, Singapore, Tourism, Transportation, Tribal
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Strong month for the Strip; Tohono O’odham win big-time
February gaming revenues were 8% higher in Nevada (to $990 million), with a 7% increase on the Las Vegas Strip. Locals-casino revenue rose 11%, driven in part by 4% more coin-in and 8% greater table play. Slot revenue on the … Continue reading
Posted in Arizona, Boulder Strip, California, Downtown, Economy, Lake Tahoe, Laughlin, Macau, North Las Vegas, Politics, Reno, Steve Wynn, The Strip, Tourism, Transportation, Tribal
1 Comment
DFS’ stormy seas; Glimmer of hope for Macao
By charging blindly into uncharted waters, the daily fantasy sports industry has made a shipload of trouble for itself. Case in point, defunct (or at least comatose) DFS site FantasyUp. The latter pulled the rug out from under its customers, … Continue reading
Posted in California, Environment, Harry Reid, Internet gambling, Macau, Melco Crown Entertainment, MGM Mirage, Politics, Regulation, Sheldon Adelson, Steve Wynn, Transportation, Wall Street
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Scientific’s surprising results; Gaming advancing in Georgia
An upturn in the replacement cycle (8,990 slots shipped) helped Scientific Games post a 10% revenue increase last quarter. A mix of impairment charges, writedowns and consolidation costs led the mega-supplier to a $128 million loss for the quarter, but … Continue reading
Banner week for Wynn, Station; Life after Macao for MGM
Station Casinos closed out the year on a strong note, posting its 11th straight quarter of net revenue growth and 19th of improved cash flow. It marked blue-ribbon finish to a year that saw the highest revenues for the company … Continue reading
Posted in CityCenter, Detroit, Harrah's, Macau, MGM Mirage, Mississippi, Station Casinos, Steve Wynn, The Strip, Tourism, Transportation, Wall Street
3 Comments
Wall Street loves it some Boyd; Wolf at the door
Boyd Gaming came out with its figures for 4Q15 and Wall Street is fairly singing the company’s praises. “We believe that BYD’s diversified, domestic regional gaming portfolio should continue to benefit from continued U.S. jobs growth and lower gas prices. … Continue reading
Posted in Atlantic City, Boyd Gaming, Downtown, Greenwood Racing, Hawaii, Internet gambling, Iowa, Kansas, Louisiana, Mohegan Sun, Pennsylvania, PokerStars, Sheldon Adelson, Taxes, Technology, Transportation, Wall Street
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