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Category Archives: Tropicana Entertainment
Putting the cart before the racino; Men of eXit
VLTs in Ohio are still being litigated but MTR Gaming is rushing in where major operators fear to tread. It’s already begun conversion of Scioto Downs Casino & Racetrack to a 2,100-machine racino. The nomenclature is a bit premature but … Continue reading
Posted in Atlantic City, Boyd Gaming, Current, Downtown, Entertainment, Harrah's, Hooters, Isle of Capri, Ohio, Penn National, Racinos, Regulation, Tamares Group, Tropicana Entertainment
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Penn and Pennsylvania; Trop’s big screwup; Louisiana’s big month
A racetrack isn’t something you just pick up and relocate. However, Penn National Gaming has been given the go-ahead by the State of Ohio to “move” its Beulah Park and Raceway Park to, respectively, Youngstown and Dayton. They are presently … Continue reading
Gambling makes strange bedfellows; Two kinds of Trop trouble
Earlier today, we witnessed the strange spectacle of a capitalist decrying the effect of market forces upon his business. It’s an indirect reminder that casinos are that rare issue which brings together the old maids of the far left and … Continue reading
Atlantic City: Low prices and high dudgeon
That shriek of dismay you hear from the direction of Atlantic City is the screech of hotelier Curtis Bashaw (left). What is the cause of his umbrage? The discovery that a hotel room in A.C. can be had for as … Continue reading
Wynn vs. Okada: Shooting the messenger; Ship of fools
Stung by accusations from Wynn Resorts that erstwhile Shareholder #1 Kazuo Okada had been greasing palms at PAGCOR, prompt action was taken by the Philippines House Committee on Games & Amusements. It promptly banned … Steve Wynn. This comical, “circle … Continue reading
Sands’ new strategy: Blame Genting; Big Gaming backs Romney
First, the good news. Las Vegas Sands is signaling that it is not going to take its ball and come home from Florida, regardless of what lobbyist Nick Iarossi said last week. However, Sands’ emissary to the Sunshine State, Andy … Continue reading
Posted in Atlantic City, Carl Icahn, Colony Capital, Current, Donald Trump, Downtown, Economy, Election, Florida, Genting, Goldman Sachs, Harrah's, International, Internet gambling, LVCVA, Politics, Sheldon Adelson, Station Casinos, Steve Wynn, Tamares Group, The Strip, Tropicana Entertainment, Wall Street
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Vegas’ December: Better than it looks?
If today’s numbers from the Nevada Gaming Control Board indicate that December was good for business — especially on the Las Vegas Strip (up 4% … 7% if you take baccarat out of the equation) — January ought to have … Continue reading
Posted in Boulder Strip, Boyd Gaming, Current, Downtown, Economy, Lake Tahoe, Laughlin, Massachusetts, North Las Vegas, Reno, Rhode Island, Sheldon Adelson, Steve Wynn, The Strip, Tourism, Tropicana Entertainment, Wall Street
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Bluhm, Boyd win in Illinois, everyone else loses
Well, not quite but the headline pretty much gives you January’s narrative in a nutshell. After backing out the contribution made by Neil Bluhm‘s new, category-killing Rivers Casino in Des Plaines, gambling revenue from the Land of Lincoln was a … Continue reading
Miller Time in Maryland; The sorrows of Marrandino
No question about it, THE gaming-industry story of 2011 was both an economic and political one: How the Great Recession has essentially broken the back of anti-gambling resistance in the corridors of American power. We can see it up and … Continue reading
Posted in Atlantic City, Boyd Gaming, Cordish Co., Current, Dan Lee, Economy, Entertainment, Harrah's, Louisiana, Maryland, MGM Mirage, Pinnacle Entertainment, Politics, Taxes, Tropicana Entertainment
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Train robbery in D.C.
As the online-gambling gravy train begins leaving in the station, members of Congress are making one last attempt to derail it. After all, once New Jersey, Illinois, California, the District of Columbia and so forth set up shop as havens … Continue reading
Posted in California, Columbia Sussex, Cordish Co., Current, Harrah's, Harry Reid, Illinois, Indiana, Internet gambling, Politics, Problem gambling, Racinos, Regulation, Taxes, Tropicana Entertainment
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Sheldon Adelson, wuss; MGM pounces; Slipper-y logic; Enter whining
What manner of fool spends $5 million to disseminate a film that he’s never seen and whose content he claims not to endorse? Sheldon Adelson, that’s who. After his latest political favorite got clobbered in the New Hampshire primary, Adelson … Continue reading
Posted in Alex Yemenidjian, Ameristar, Cordish Co., Dan Lee, Donald Trump, Economy, Election, Harrah's, Iowa, Isle of Capri, Jack Binion, Louisiana, Massachusetts, Mississippi, Movies, Neil Bluhm, Penn National, Pennsylvania, Pinnacle Entertainment, Politics, Racinos, Regulation, Sheldon Adelson, Station Casinos, Tourism, Transportation, Tribal, Tropicana Entertainment, TV
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Belated Christmas presents
Good news is busting out all over, starting in the unlikeliest place … Atlantic City. Ye Olde Boardwalk was up 4% last month, its first revenue-positive month in 15 quarters. Even a 10% fall in table drop couldn’t put a … Continue reading
Borgata or bust; ‘LVH,’ Jacko & Sinead
First, the good news: Borgata — accounting for more than one-fifth of the entire market share — continues to vastly outpace the rest of the Atlantic City market. Last month, it raked in $50 million for a 2% gain, driven … Continue reading
Election update: Evening the score; A Wynn-Winn situation
It’s five o’clock in Shreveport … or soon will be. Voters in Bossier Parish handed the casino industry a belated 2011 “win,” balancing the ledger in an otherwise disappointing electoral cycle. A Margaritaville-branded casino (employing a Lake Charles boat purchased … Continue reading
Atlantic City: Fertitta struggling, Gomes triumphing, Boyd steady
No surprise that Borgata remains in a class by itself among Atlantic City resorts. It finished October at 0.0% deviance from last year, as flat as “flat” can be. The lone gainer in the market was Resorts Atlantic City, up … Continue reading
ColSux: They’re outta here!; Accord in Motown; Murren changes course
Those last few remnants of Columbia Sussex CEO William J. Yung‘s former casino empire continue to topple about him. The Kentucky-based oligarch, whose properties are notorious for their poor working conditions and even worse maintenance, has been reaping a gargantuan … Continue reading
Posted in Atlantic City, Columbia Sussex, Culinary Union, Dan Lee, Detroit, Donald Trump, Economy, Environment, G2E, Harrah's, International, Lake Las Vegas, Lake Tahoe, Louisiana, Marketing, MGM Mirage, Pets, Pinnacle Entertainment, Politics, Sports, Texas, The Strip, Tropicana Entertainment
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Florida: Bend over & grab; Slots on the loose in A.C.
Background investigations in Nevada — at least before the budgetary axe starting falling on the Nevada Gaming Control Board — were said to be an indescribably unpleasant experience. As award-winning local columnist Michael Green once pointed out, when Gary Loveman … Continue reading
Posted in Alex Yemenidjian, Atlantic City, Entertainment, Florida, Genting, Harrah's, Marketing, Regulation, Sheldon Adelson, Tropicana Entertainment
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Sheldon Adelson, casino opponent
You read that right: El Bombastico has developed a sudden concern that adding 9,000 slots to Florida‘s existing inventory of 15,000 “will saturate the market with too many games,” in the words of the Miami Herald. In other words, there … Continue reading
