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Category Archives: Tropicana Entertainment
I-cahnned! River Palms sold; PokerStars out of A.C., Langford out to lunch
Subtract one casino from the Tropicana Entertainment portfolio: The River Palms Resort & Casino, in Laughlin, just went for $7 million today. TropEnt CEO Anthony Rodio isn’t pulling out of the Colorado River market altogether. He says the company will … Continue reading
Revel: What’s -$2 billion among friends?
Stephen Sweeney (D, right), president of the New Jersey state senate, has the honor of having been the first to call for ex-Revel CEO Kevin DeSanctis‘ head on a platter. Garden State regulators moved quickly to put Mohegan Sun veteran … Continue reading
Revel: Don’t cry for him, Argentina; Are Twinkies the new Caesars?
Revel Atlantic City‘s day of deliverance is at hand: CEO Kevin DeSanctis has been ousted, along with Chief Investment Officer Michael Garrity. But there’s no need to shed tears over their fate. They will continue “developing amenity projects” for Revel … Continue reading
Trump: And then there was one
What’s an Atlantic City casino worth? Not too bloody much, especially if the name of Donald Trump is emblazoned across the façade. Trump Entertainment Resorts has parted with unloved, unremunerative Trump Plaza and truly for a pittance — $20 million. … Continue reading
What manner of idiot …
… keeps fountains running during a hard freeze? A Caesars Entertainment executive, who else? Never mind that pipes have been bursting all over the valley (including one at LVA HQ) and that Lake Tahoe casinos have experienced “severe water and … Continue reading
Posted in Columbia Sussex, Cretins, Current, Environment, Harrah's, Lake Tahoe, The Strip, Tropicana Entertainment
2 Comments
November in Vegas: The house lost; Players jilt Caesars in A.C.
There’s no other way of saying it (although many are trying). Strip casinos got their clocks cleaned in November as Lady Luck favored the punters, not the house. A 13% dropoff on the Strip was driven by a perfect storm … Continue reading
Wynn comes to Philadelphia … again; Atlantic City: About as expected
Now we know why Steve Wynn was careful to mend fences with Philadelphia Mayor Michael Nutter (below) in 2010 when negotiations to take over the doomed Foxwoods Casino Philadelphia project abruptly feel apart and Wynn skipped town. He’s back with … Continue reading
Posted in Atlantic City, Baseball, Colony Capital, Cordish Co., Current, Donald Trump, Economy, Harrah's, Maryland, Neil Bluhm, Penn National, Pennsylvania, Politics, Regulation, Revel, Steve Wynn, Tilman Fertitta, Tribal, Tropicana Entertainment, Wall Street
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Atlantic City open for business
Actually, a few hardy souls — like fearless restaurateur Montgomery Dahm, who was semper fidelis to his fellow citizens — never closed. Add Tun Tavern to your list of must-see stops when you visit Atlantic City. Ditto Ducktown Tavern & … Continue reading
Hurricane Sandy: “It’s going to take years to recover”; ‘Unsafe sex’ at Sands
A natural disaster on the East Coast is fast becoming an industry-wide problem, its effects felt as far afield as Iowa, I kid you not. In light of the total havoc Hurricane Sandy has wrought upon travel, particularly by air, … Continue reading
Atlantic City and Sandy’s silver lining; Adelson to cop a plea?
At the risk of taking Hurricane Sandy too lightly, in some respects the storm — currently on a path straight for Atlantic City — represents a strange blessing in disguise for the Boardwalk. With the city all buttoned up as … Continue reading
Posted in Cretins, Current, Donald Trump, Economy, Election, Environment, Macau, Regulation, Sheldon Adelson, Tribal, Tropicana Entertainment
1 Comment
Nevada disappoints but Atlantic City bombs
If there’s a saving grace to August’s rather glum Nevada gambling win (-3%), it’s that the month ended on a Friday, so there may be some as-yet-unreported slot revenue that will fluff the September results. (That optimism must be offset, … Continue reading
Gomes alone; Mohegan Sun pink-slip-slidin’ away
Former Resorts Atlantic City underboss Aaron Gomes might want to change his travel plans. Scarcely had he announced his departure from his late father’s casino than his new gig, Sydney‘s troubled Star Casino, looks very doubtful. Gomes had planned to … Continue reading
Posted in Atlantic City, Australia, Boyd Gaming, Carl Icahn, Columbia Sussex, Current, Dennis Gomes, Economy, Genting, Marketing, Massachusetts, New York, Racinos, Regulation, Tourism, Tribal, Tropicana Entertainment
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Atlantic City: Revel debuts disappointingly, Mohegan Sun moves in
OK, let’s take a deep breath and remind ourselves that one swallow doesn’t make a spring and one month doesn’t determine history’s verdict on a casino, but there’s only a single word for $2.4 billion Revel‘s first full month of … Continue reading
Revel: Can’t drive 55?; Another setback in Massachusetts
Revel, the new, $2.4 billion casino on the Boardwalk has been conducting a sort of “stealth opening,” conducting a two-month-plus dry run. Along with the stealth opening come what you might call “stealth revenues”: $13 million-plus in its first full … Continue reading
“It was 20 years ago today …”
Well, not quite. But with the Southern Gaming Summit convening today in Biloxi, it’s as good a moment as any to look back on the quaint beginnings of what’s now a kind of American Riviera. Eleven casinos, 5,598 hotel rooms, … Continue reading
Posted in Atlantic City, Boyd Gaming, Carl Icahn, Columbia Sussex, Current, history, Isle of Capri, Marketing, Mississippi, Tropicana Entertainment
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Trump Plaza reprieved; Stirrings at Sahara
Good news for Trump Plaza: It’s off the “death watch,” having dramatically reversed its fortunes last year. Although revenues continue to decline, gross operating profit swung from a $2 million loss in 2010 to a nearly $3 million gain last … Continue reading
The Trop and the truth; Crock of Vegas
Black Hawk Down author Mark Bowden has penned a gripping account of how veteran racetrack executive Don Johnson (no, not that one) cleaned the clocks of the Tropicana Atlantic City, Borgata and Caesars Palace Atlantic City, to the tune of … Continue reading
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