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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: Tropicana Entertainment
Gross injustice; Let the sports betting begin!
If you work at Trump Taj Mahal, there’s good news and bad news. The good news is that the casino now stands a better chance of weathering a November financial crisis, preserving your job. The bad news is you just … Continue reading
Posted in Atlantic City, Carl Icahn, Economy, Glenn Straub, Revel, Sports, Tropicana Entertainment, Trump Entertainment Resorts
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Life after Revel; Sheldon’s solid quarter
Faced with fewer and fewer casino choices in Atlantic City, players seem to be choosing to stay home. The seaside city saw gaming revenues plummet 17% last month. That’s also the same percentage by which coin-in and slot revenues slipped. … Continue reading
Tempers fray in Macao; Wynn honored
One union’s “industrial action” is another company’s “dialogue.” That’s the Rashomon-like situation playing out at MGM Grand Paradise in Macao. Earlier this month, Forefront of the Macao Gaming announced that a weekend work-to-rule would take place at MGM. Dealers were … Continue reading
Posted in Harrah's, Lake Tahoe, Macau, MGM Mirage, Sheldon Adelson, Stanley Ho, Steve Wynn, Tropicana Entertainment, Warner Gaming
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Playing chicken in Atlantic City
We’ve already seen four casinos close in Atlantic City and Carl Icahn is threatening to raise the ante to six. In a highly confrontational move, he’s demanding further concessions at the Tropicana Atlantic City from union Unite-Here, plus tax breaks … Continue reading
Posted in Atlantic City, Carl Icahn, Donald Trump, Economy, Penn National, Taxes, Tropicana Entertainment, Trump Entertainment Resorts
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Okada going slowly; Mixed news in Indiana
Kazuo Okada is butting heads with the Philippine government again. The latter says Okada has to have Marina Bay Resorts open by March of next year or forfeit a $2 million guarantee. Okada, whose project has been dogged by regulatory … Continue reading
Posted in Boyd Gaming, Harrah's, Indiana, International, Kazuo Okada, Ohio, Penn National, Pinnacle Entertainment, Racinos, Regulation, Tropicana Entertainment
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Icahn to rescue Taj?
Always unpredictable, Carl Icahn has thrown Trump Entertainment Resorts a lifeline. He’s talking about making a $100 million purchase of the failing property, rolling his $286 million marker into equity … but he’s demanding what are described as “sizeable concessions” from … Continue reading
Posted in Atlantic City, Carl Icahn, Colorado, Election, Harrah's, Isle of Capri, Louisiana, Maryland, Massachusetts, MGM Mirage, Mississippi, Pinnacle Entertainment, Tropicana Entertainment, Trump Entertainment Resorts
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Foxwoods: Woody exits; Eldorado’s big gains
Foxwoods Resorts Casino‘s financial problems could hardly be called “solved,” but CEO Scott “Woody” Butera plans to leave next month anyway for a non-gaming job. He will continue to advise Foxwoods from his new perch, though, even dickering with the … Continue reading
Atlantic City: Worse to come
If you thought this year’s shrinkage of the Atlantic City casino market from 12 casinos to eight was bad, brace yourself. A Deutsche Bank report predicts more contraction to come. Resorts Atlantic City and Trump Taj Mahal have been marked … Continue reading
Dispatch from the Boardwalk
As Revel informs the bankruptcy court that it’s dickering with “potential” bidders, a new set of gaming numbers rolls in with the tide. Subtracting the Atlantic Club Hotel from the comparisons, Atlantic City is down 7% year/year. Online gaming revenue, … Continue reading
Reality in Illinois, Indiana; Optimism in New York
Illinois has had far worse months than July, which was down only 5%. Admissions were off 9%, implying a 4% higher spend/visitor. Rivers Casino was flat but still managed to gross double what Harrah’s Joliet managed. The latter, however, was … Continue reading
Posted in Boyd Gaming, Delaware, Economy, Genting, Harrah's, Illinois, Indiana, Massachusetts, MGM Mirage, Neil Bluhm, New York, Penn National, Pinnacle Entertainment, Racinos, Tropicana Entertainment
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No gold rush in California
In a huge setback for Internet gambling, California‘s legislature is calling it a day. State Sen. Lou Correa (D) is not only withdrawing his i-gaming bill from consideration, he’s being termed out at the end of the session, so the cause … Continue reading
Posted in California, Harrah's, International, Internet gambling, Isle of Capri, James Packer, Melco Crown Entertainment, Missouri, Ohio, Penn National, Pinnacle Entertainment, Politics, Regulation, Sheldon Adelson, Tropicana Entertainment
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Illiterate and accused; Revel: Rewarding failure
People who state their career goal as “trynna get rich” should probably be arrested for crimes against the English language. In the case of Izyiah Plummer (right), though, the charges are much more grave: the July 21 armed robbery of Caesars … Continue reading
Posted in Atlantic City, Harrah's, Herbst Gaming, Internet gambling, Louisiana, Maryland, Planet Hollywood, Revel, The Strip, Tropicana Entertainment, Wall Street
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Pinnacle pestered; Penn profits; Pokies pilloried
Orange Capital, calling itself “unsatisfied,” has renewed its pestering of Pinnacle Entertainment to convert itself into a REIT. Orange claims that share value could be increased 60% to 90%. Unfortunately for Pinnacle customers, REITs are required to return 90% of … Continue reading
Posted in Ameristar, Atlantic City, Australia, Indiana, Louisiana, Missouri, Ohio, Penn National, Pinnacle Entertainment, Problem gambling, Racinos, Tropicana Entertainment, Wall Street
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Great month for the Strip, for Louisiana not so much
Buoyed by heavy baccarat play, the Las Vegas Strip registered a 22.5% gain in June. The house played very lucky, too, with win up a staggering 155%. At the other end of the gaming spectrum, those slots must have been … Continue reading
Prosperity in Detroit? You bet; Penn’s persistence
Those busy boffins at the American Gaming Association have been crunching data from Detroit and come up with some interesting statistics. The three Motown casinos are a bit lighter in the workforce (down 4%), having lost or laid off 350 … Continue reading
Posted in Economy, Election, Massachusetts, MGM Mirage, Missouri, Penn National, Regulation, Taxes, Technology, Tropicana Entertainment
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Take my casino, please; Nail-biter in Iowa
Rather than accept three potential casino closings as a fait accompli, Unite-Here is out beating the bushes for potential buyers. Given, the casinos aren’t Unite-Here’s to sell but there’s no law that says the union can’t play matchmaker. “We want the world … Continue reading
Soft landing in A.C.; “Nocturne” put to sleep
Internet-gaming revenue continues to slip in New Jersey, down 9% from May. There are only three players of consequence: Borgata (36.5%), Caesars Atlantic City (27%) and Tropicana Atlantic City (18%). Still, Internet gambling continues to provide a cushion for the … Continue reading
Posted in Atlantic City, Boyd Gaming, California, Cosmopolitan, Current, Entertainment, Harrah's, Internet gambling, Mohegan Sun, Revel, Sam Nazarian, Steve Wynn, The Strip, Tilman Fertitta, Tropicana Entertainment, Trump Entertainment Resorts, Wall Street
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Atlantic City: And then there were nine …
Scarcely had Gary Loveman opined that a few casinos in Atlantic City needed to close than they began toppling like dominoes — some by his own hand. Headed to the casino graveyard alongside the Atlantic Club and the Showboat is Trump … Continue reading
So long, Sullivan County
New York State’s Gaming Commission has picked the last two members of the casino-siting committee and it’s pretty bad news for the Catskills region. Both of the finalists are cronies of Gov. Andrew Cuomo (D), as are the three already-seated … Continue reading
Camptown Races; Concord in Boston
What if they gave a casino and nobody came? That’s what happened to Kansas, which drew nary a bidder on its fourth and final casino license, deemed by many to be too close to Oklahoma (rife with casinos) to be … Continue reading