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- David McKee on Sibella scandal spreads; Supremes forestall Seminoles
- Ray Lebowski on Sibella scandal spreads; Supremes forestall Seminoles
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Category Archives: Tribal
“Wow”
No, that’s not the sound of the Las Vegas Review-Journal‘s Jennifer Robison going weak in the knees at the sight of CityCenter again. It’s J.P.Morgan‘s analysts getting turned on by early numbers from Marina Bay Sands. So excited were they … Continue reading
Posted in CityCenter, Current, Economy, Entertainment, Genting, International, James Packer, Lawrence Ho, Macau, Marketing, Massachusetts, Melco Crown Entertainment, Sheldon Adelson, Singapore, Tourism, Tribal, Wall Street
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Case Bets: Singapore; Reid vs. tribes; Lady Luck, Take 3; Mob war, etc.
Tourism to Singapore jumped 20% last month, surpassing expectations. Resorts World Sentosa and — no surprise — the opening of Marina Bay Sands are credited for the success. Another stumbling block has arisen to the casino market in Massachusetts. A … Continue reading
Shel & Bill, together again; Coup for HRH
As though yoked by karma, Las Vegas Sands CEO Sheldon Adelson and former sidekick William Weidner — the Jon & Kate Gosselin of the casino industry — seem destined to remain unwillingly chained together through eternity. Most recently, they’ve been … Continue reading
Posted in CityCenter, Current, Downtown, Economy, Genting, Harrah's, Herbst Gaming, M Resort, Macau, Marketing, Massachusetts, Morgans Hotel Group, Pennsylvania, Politics, Racinos, Regulation, Sheldon Adelson, Stanley Ho, Texas, Tilman Fertitta, Tourism, Tribal, Wall Street
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Tribal gambling comes to Ohio?
Voter approval of a quartet of casinos last November theoretically opens the door to Class III tribal gambling in Ohio. However, this pitch from the Delaware Tribe is likely to bounce in front of the plate and roll all the … Continue reading
Posted in Ohio, Oklahoma, Regulation, Tribal
1 Comment
“The American consumer is toast”
If you think MGM Mirage CEO Jim Murren sounds apocalyptic when he forecasts no major development on the Las Vegas Strip until circa 2020 (heck, Carl Icahn may keep Fontainebleau on ice until 2015) then get a load of this … Continue reading
Mixed signals along the rivers
Last month’s results from Missouri are as might be expected. The opening of Pinnacle Entertainment‘s River City lifted state revenues overall (6%) but at the price of a fair amount of cannibalization — mainly at other Pinnacle properties, although it … Continue reading
Posted in Ameristar, Boyd Gaming, Columbia Sussex, Cordish Co., Detroit, Economy, Harrah's, Illinois, Indiana, Missouri, Penn National, Pinnacle Entertainment, Tribal, Tropicana Entertainment, Wall Street
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While Atlantic City burns …
While Atlantic City burns, Gov. Chris Christie fiddles. After coming into office saying the right things about helping the state’s casino industry, Christie has spent most of first months in office dithering uselessly. Having waited until A) the Revel project … Continue reading
Massive defeat for Patrick in Mass.
Lawmakers in Massachusetts ran roughshod over Gov. Deval Patrick (D), overwhelmingly approving a four-racino, two-casino formula the governor opposes. They also resisted the urgings of those who would put the two, $500 million casino resorts out in the boonies, giving … Continue reading
Posted in Current, Economy, Macau, Massachusetts, Politics, Regulation, Sheldon Adelson, The Mob, Tribal
2 Comments
Case Bets: St. Louis, Florida & antiques
It was the best of times … almost. Pinnacle Entertainment‘s opening of River City not only propelled a 9% increase in casino revenue in the St. Louis market, it gave the area “its busiest month ever.” While River City’s $15.9 … Continue reading
Posted in Ameristar, Boyd Gaming, Current, Economy, Entertainment, Harrah's, Missouri, Pinnacle Entertainment, Politics, Reno, Sheldon Adelson, Tribal, Wall Street
2 Comments
Betting on Adelson
Analysts at J.P. Morgan are downright bullish on Las Vegas Sands, raising their stock price target by over 25% (to $29/share). Their ebullience is motivated in large part by expectations for Marina Bay Sands, which they estimate will garner 55% … Continue reading
Posted in Ameristar, CityCenter, Economy, Indiana, Kansas, Lyle Berman, Macau, MGM Mirage, Missouri, Pinnacle Entertainment, Sheldon Adelson, Singapore, Steve Wynn, The Strip, Tourism, Tribal, Wall Street
1 Comment
Wynn delivers
Surprising as ever, Steve Wynn showed up in Philadelphia yesterday bearing a sheaf of renderings for his proposed casinos — three weeks ahead of schedule. Wynn’s final design looks a mite grander than the one he let Steve Friess photograph, … Continue reading
Wynn & the Ship of Phools
Whisking in just under the wire, Wynn Resorts submitted its financing package for the soon-to-be-ex-Foxwoods casino project in Philadelphia. Evidently Steve Wynn has thought better of slugging his new casino “SW,”* as reflected at left in the photo taken by … Continue reading
Confidence or desperation?
Casino operators must be feeling very bullish about recent, incremental increases in visitation to Las Vegas, even though customers continue to spend less. (This is the new business model which the industry as a whole is loath to acknowledge: being … Continue reading
Posted in Cirque du Soleil, Current, Donald Trump, Economy, Entertainment, Harrah's, Marketing, MGM Mirage, Pennsylvania, Phil Ruffin, Planet Hollywood, Sahara, The Strip, Tribal, TV
2 Comments
Dept. of Wishful Thinking
Whatever became of Elad Properties‘ metaresort-sized Plaza project, built upon the ruins of the New Frontier? Reed Construction Data Project Research claims it’s on. Never mind that Elad’s not put so much as a shovel into the ground … or … Continue reading
Posted in Current, Economy, Environment, Gary Goett, Harrah's, M Resort, Massachusetts, Mississippi, New York, Phil Ruffin, Plaza, Racinos, The Strip, Tribal
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Case Bets: Maryland, Foxwoods, problem gambling
It’s not even been 18 months since Maryland voters gave their assent to slot houses — a time in which the state has to erect a regulatory apparatus, vet applicants, and then wait for the latter to get up and … Continue reading
Posted in Cordish Co., Current, Economy, Kansas, Marketing, Maryland, MGM Mirage, New York, Penn National, Pennsylvania, Politics, Problem gambling, Racinos, Regulation, Taxes, Tribal
1 Comment
And the winner is … Mohegan Sun
Mohegan Sun at Pocono Downs is on pace to become the first Pennsylvania casino to deploy table games. A hearty S&G congratulations to the Mohegans and a big “WTF?” to WNEP-TV and its eccentric video-embed format.
Posted in Current, Pennsylvania, Regulation, Tribal, TV
1 Comment
Wynn on the defensive
Steve Wynn hasn’t done his homework on the tortured history of Foxwoods‘ vagabond casino project and if his aides at Wynn Resorts tried to bring him up to speed, they’ve obviously failed miserably. Still — and quite understandably — chafing … Continue reading
Posted in Architecture, Pennsylvania, Politics, Steve Wynn, Tribal, TV
4 Comments