Category Archives: Tropicana Entertainment

Lean and hungry in the Midwest

It’s difficult to find new things to say about Illinois, where the saga has become sadly familiar. Another month, another 11% decline. Even players’ darlings Rivers Casino (-4%) and Jumer’s Rock Island Casino (right, -14%) struggled. However, by some miracle, … Continue reading

Posted in Boyd Gaming, Current, Harrah's, MGM Mirage, Neil Bluhm, Ohio, Penn National, Pinnacle Entertainment, Tropicana Entertainment | 1 Comment

Gearing up for fights in Massachusetts, California and Arkansas

Expect a deluge of dollars to be spent opposing or supporting a casino-repeal ballot question in Massachusetts. Unlike political campaigns, ballot questions have no spending limitation attached to them. So far, the biggest amount spent on a ballot question in … Continue reading

Posted in Arkansas, Bally Technologies, California, Election, Entertainment, Internet gambling, Maryland, Massachusetts, Mohegan Sun, Penn National, Racinos, Regulation, Shuffle Master, Steve Wynn, The Strip, Tropicana Entertainment | Comments Off on Gearing up for fights in Massachusetts, California and Arkansas

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

Posted in Boyd Gaming, Harrah's, Internet gambling, Morgans Hotel Group, Revel, Tilman Fertitta, Tropicana Entertainment | 2 Comments

Adelson: Who asked you?

Sheldon Adelson is fast becoming the #1 buttinski in American politics. He’s not from Florida and doesn’t do business there but that hasn’t stopped him from meddling the state’s electoral process. He’s been seeding an astroturf movement to defeat the … Continue reading

Posted in Atlantic City, Boyd Gaming, Election, Florida, Harrah's, Massachusetts, MGM Mirage, Regulation, Sheldon Adelson, Tropicana Entertainment, Trump Entertainment Resorts | Comments Off on Adelson: Who asked you?

Indiana struggles, Ohio flourishes

Customers visited 8% in Indiana and spent 4% less. There were some salutary results. Pinnacle Entertainment‘s Ameristar East Chicago was up 2% and Boyd Gaming‘s Blue Chip saw revenues rise 3%. It was a big month for the racinos, with … Continue reading

Posted in Ameristar, Boyd Gaming, Dining, Harrah's, Macau, Maryland, MTR Gaming, Ohio, Penn National, Pinnacle Entertainment, Racinos, Regulation, Scientific Games, Shuffle Master, Tropicana Entertainment, Wall Street | Comments Off on Indiana struggles, Ohio flourishes

Toppling dominoes in New York; Secret plan in St. Louis

Just like that, the E23 casino project near Albany is toast. But David Flaum won’t be asking for his $1 million back: He and partner Global Gaming Solutions have their eyes on Rensselaer now. GGS blamed the demise of E23 … Continue reading

Posted in Cordish Co., Harrah's, Maryland, Missouri, New York, Penn National, Pinnacle Entertainment, Racinos, Tribal, Tropicana Entertainment | Comments Off on Toppling dominoes in New York; Secret plan in St. Louis

Good news from Atlantic City; F-blew: This is the end

OK, so the Boardwalk was down 2% last month but, on a same-store basis (i.e., minus Atlantic Club), business was up 3%, given a shove over the top by $11 million in online-casino revenue, which is looking like a difference maker, … Continue reading

Posted in Atlantic City, Boyd Gaming, Carl Icahn, Churchill Downs, Fontainebleau, Harrah's, Mohegan Sun, New York, Pennsylvania, Tropicana Entertainment, Trump Entertainment Resorts, Wall Street | 2 Comments

Curtains for Caesars Windsor?; Churchill Downs wants to be a player

Karl Henkel of the Detroit News makes a close analysis of the market situation in Detroit and sees portents of what has been happening in Atlantic City and Tunica. His analysis doesn’t just focus on gross revenues but, for instance, … Continue reading

Posted in Atlantic City, Boyd Gaming, Churchill Downs, Dan Gilbert, Detroit, Economy, Harrah's, Internet gambling, Isle of Capri, Louisiana, MGM Mirage, Mississippi, Pinnacle Entertainment, Racinos, Regulation, Tropicana Entertainment | Comments Off on Curtains for Caesars Windsor?; Churchill Downs wants to be a player

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 | Comments Off on Soft landing in Atlantic City; Sweating the slots

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 | Comments Off on Kill Phil and other pleasantries

Tropicana Bethlehem?; One acre and a casino

Las Vegas Sands‘ waving of the white flag over its Sands Bethlehem casino may have finally yielded a buyer. Having stated publicly, however, that $1 billion was the asking price may have limited Sands flexibility to negotiate (not to mention … Continue reading

Posted in Alabama, Cannery Casino Resorts, Carl Icahn, Current, Florida, New Hampshire, Pennsylvania, Sheldon Adelson, South Carolina, Tribal, Tropicana Entertainment | 1 Comment

East Coast Case Bets

Although talks have been conducted in deep secrecy, a few details of Seminole Tribe compact negotiations have been vouchsafed the public. The tribe is telling the state “don’t push us on this,” reminding it that the Bureau of Indian Affairs … Continue reading

Posted in Cordish Co., Harrah's, Maryland, Massachusetts, MGM Mirage, Mohegan Sun, Penn National, Politics, Racinos, Taxes, Tropicana Entertainment | 1 Comment

The Adelson caucus

Online gambling is officially under attack, with bills having been introduced in both houses of Congress to eradicate the U.S. industry. (This must be one of those occasions when it’s OK to be “anti-business.”) As reported earlier the Senate version … Continue reading

Posted in Illinois, Internet gambling, Missouri, Pinnacle Entertainment, Politics, Regulation, Sheldon Adelson, Slot routes, Tropicana Entertainment | Comments Off on The Adelson caucus

Rebottling a genie

One would hate to think how many businesses in Clark County get by on the revenue from slot routes, rather than from their primary purpose. But county commissioners didn’t think to define “incidental” — an understandable oversight — when making … Continue reading

Posted in Atlantic City, California, Carl Icahn, Horseracing, Indiana, Internet gambling, Slot routes, Tropicana Entertainment | 1 Comment

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

Posted in Atlantic City, Boyd Gaming, Current, Donald Trump, Harrah's, Internet gambling, Macau, Melco Crown Entertainment, Mohegan Sun, Revel, Sheldon Adelson, The Strip, Tilman Fertitta, Tropicana Entertainment, Trump Entertainment Resorts, Wall Street | 2 Comments

Missouri, Indiana take their lumps

Bad weather is being blamed for dismal attendance figures at St. Louis-area casinos. Those on the Missouri side were down 11%, while Casino Queen in East St. Louis and Alton Belle were off 17% at the turnstile. Statewide, revenue was down 7%, with … Continue reading

Posted in Harrah's, Indiana, Isle of Capri, Missouri, Ohio, Penn National, Pinnacle Entertainment, Taxes, Tropicana Entertainment | Comments Off on Missouri, Indiana take their lumps

Boyd under siege? Tight (slots) on the East Coast

Yesterday, Elliott Management announced that it owns 5% of Boyd Gaming. Shares of the company, which had closed just under $12, opened at $14. But is this a vote of confidence in Boyd? According to Seeking Alpha, “Elliott has a … Continue reading

Posted in Atlantic City, Boyd Gaming, Columbia Sussex, Florida, Internet gambling, Lake Tahoe, Laughlin, Neil Bluhm, New York, Pennsylvania, Pinnacle Entertainment, Regulation, Reno, Technology, Tourism, Tropicana Entertainment, Wall Street, West Virginia | Comments Off on Boyd under siege? Tight (slots) on the East Coast

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

Posted in Architecture, Atlantic City, Cordish Co., Delaware, Downtown, Economy, Harrah's, Internet gambling, Maryland, MGM Mirage, Taxes, The Strip, Tilman Fertitta, Tropicana Entertainment | 1 Comment

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 | Comments Off on Venetian restored; Mobile gaming ascendant

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

Posted in Boyd Gaming, Current, Economy, Harrah's, Internet gambling, Mohegan Sun, Penn National, Sheldon Adelson, Tilman Fertitta, Tropicana Entertainment, Trump Entertainment Resorts | 2 Comments