Category Archives: Tropicana Entertainment

Atlantic City’s future: “Bleak”

Posted on December 10, 2010 by David McKee

Such is the prognosis from J.P. Morgan analyst Joseph Greff after the November revenues rolled in from the Boardwalk. Basically, the double-edged sword that was table games in Pennsylvania and a casino in Philadelphia has swung, and lopped 12.5% off … Continue reading →

Posted in Alaska, Atlantic City, Boyd Gaming, Carl Icahn, Colony Capital, Cretins, Current, Dennis Gomes, Donald Trump, Economy, Entertainment, Harrah's, Marketing, Morgans Hotel Group, Movies, Neil Bluhm, Pennsylvania, The Strip, Tilman Fertitta, Tourism, Tribal, Tropicana Entertainment, TV, Wall Street | 1 Comment

Isle’s comeback continues; What’s in a Mystic?

Posted on December 1, 2010 by David McKee

Congratulations to Isle of Capri Casinos, winner of Missouri‘s 13th and final casino license. This morning, the Missouri Gaming Commission voted in favor of Isle’s $125 million Cape Girardeau project. Although all rival projects were budgeted higher, favorite-son Isle’s standing … Continue reading →

Posted in Ameristar, Boulder Strip, CityCenter, Current, Dubai, Economy, Isle of Capri, MGM Mirage, Minnesota, Missouri, Penn National, Pinnacle Entertainment, Regulation, Sheldon Adelson, Steve Wynn, The Strip, Tourism, Tribal, Tropicana Entertainment | 3 Comments

Tropicana memory lane

Posted on November 10, 2010 by David McKee

Heartfelt thanks to S&G reader Pete F. for sharing his video of the Tropicana Las Vegas‘ Tokyo Suite, circa 2005. That’d be in the waning days of the Aztar Corp. era, while the footage above was taken during the short-lived … Continue reading →

Posted in Alex Yemenidjian, Architecture, Current, Entertainment, history, Technology, The Strip, Tourism, Tribal, Tropicana Entertainment | 12 Comments

Icahn’s CEO jumps ship

Posted on November 4, 2010 by David McKee

In something of a shocker, Scott Butera, CEO of Tropicana Entertainment is leaving the firm to join a rival — but undisclosed — casino company. It’s an amicable parting, judging by the fact that Butera is staying to smooth over … Continue reading →

Posted in Carl Icahn, CityCenter, Colony Capital, Columbia Sussex, Current, Detroit, Don Barden, Donald Trump, Economy, Fontainebleau, Herbst Gaming, Morgans Hotel Group, Shuffle Master, Tribal, Tropicana Entertainment, Wall Street | 4 Comments

Quote of the Day

Posted on October 29, 2010 by David McKee

“I’m completely sick and tired of thinking about what took place behind me. We’re ecstatic to be out of bankruptcy with new ownership. We’re well capitalized. I’ll be damned if we’re going to see this thing fail.” — Tropicana Casino … Continue reading →

Posted in Atlantic City, Carl Icahn, Columbia Sussex, Current, Economy, Tropicana Entertainment | 1 Comment

Galaxy Cotai postponed; MGM stages a comeback

Posted on October 25, 2010 by David McKee

It’s not official but, seeing as two top executives at the Macao megaresort (including its COO) just got the chop, it appears pretty likely. A project that was expected to open in late March of next year now looks as … Continue reading →

Posted in Alex Yemenidjian, Current, Economy, Entertainment, Harrah's, Harry Reid, James Packer, Lawrence Ho, Macau, Melco Crown Entertainment, MGM Mirage, Pansy Ho, Sheldon Adelson, Stanley Ho, Steve Wynn, Tropicana Entertainment, TV, Wall Street | 1 Comment

Great moments in casino marketing

Posted on October 13, 2010 by David McKee

We associate Sega with video games but once upon a time, it was in the slot business. Those old machines do look awfully quaint unless … … you juxtapose a Sega one-armed bandit with über-mega-hot European sex goddess Edwige Fenech … Continue reading →

Posted in Atlantic City, Carl Icahn, Columbia Sussex, Current, history, Marketing, Movies, Pennsylvania, Technology, The Strip, Tropicana Entertainment, Wall Street | Comments Off on Great moments in casino marketing

Atlantic City: It could have been worse; Hard Rock changes its tune

Posted on October 12, 2010 by David McKee

OK, so September’s numbers from Atlantic City only represent one month of competition from SugarHouse, in Philadelphia. However, with every other casino in Pennsylvania having enjoyed two full months of table games, a 12% dropoff isn’t as bad as I … Continue reading →

Posted in Atlantic City, Boyd Gaming, Carl Icahn, Colony Capital, Current, Detroit, Dining, Donald Trump, Economy, Harrah's, M Resort, Marketing, MGM Mirage, Morgans Hotel Group, Neil Bluhm, Pennsylvania, The Strip, Tropicana Entertainment | 2 Comments

Uncle Carl’s Computer Barn?

Posted on October 1, 2010 by David McKee

Thanks to the Vdara Death Ray, the big-ass garage sale Carl Icahn is holding at Fontainebleau has dropped off the news pages. But one blogger asks, What about those iMacs in every F-blew hotel room? To which I might add: … Continue reading →

Posted in Carl Icahn, CityCenter, Current, Fontainebleau, Technology, The Strip, Tropicana Entertainment, TV, Vdara Death Ray | 4 Comments

Inside Icahn’s F-bleau rummage sale

Posted on September 29, 2010 by David McKee

Hmmmm … I hear tell Pinnacle Entertainment just upped the budget* on its Baton Rouge casino. Maybe it can amortize that increase by bargain-shopping at Uncle Carl’s Honkin’ Big Hotel Furniture Emporium (aka “Hot Carl’s Fabulous Fontainebleau Garage Sale”) right-cheer … Continue reading →

Posted in Carl Icahn, Economy, Harrah's, Penn National, The Strip, Tropicana Entertainment, TV | 2 Comments

Fertitta to rescue A.C. Hilton?

Posted on September 22, 2010 by David McKee

Tilman Fertitta, that is. The Landry’s Restaurants CEO has sussed out a bargain on the Boardwalk, in the form of the unprofitable Atlantic City Hilton. No doubt Fertitta’s interest has not a little something to do with the fact that … Continue reading →

Posted in Alex Yemenidjian, Atlantic City, Carl Icahn, Colony Capital, Current, Dining, Downtown, Economy, Election, Harrah's, Laughlin, Macau, MGM Mirage, Racinos, Regulation, Sheldon Adelson, Steve Wynn, Tamares Group, Tilman Fertitta, Tribal, Tropicana Entertainment | 7 Comments

Labor Day Massacre in Atlantic City

Posted on September 6, 2010 by David McKee

Heading into the weekend, Trump Entertainment Resorts continued its reorganization by sacking six top executives. They were preceded by Trump Plaza General Manager Jim Rigot, who wasn’t pushed but gave his notice a fortnight ago. One of the Trump Six, … Continue reading →

Posted in Atlantic City, Colony Capital, Columbia Sussex, Current, Don Barden, Donald Trump, Economy, Entertainment, Kansas, Neil Bluhm, Pennsylvania, The Strip, Tourism, Tropicana Entertainment, Wall Street | 1 Comment

Crisis point in Atlantic City

Posted on August 19, 2010 by David McKee

If nothing else gets recalcitrant legislators off their duffs and behind Gov. Chris Christie‘s intervention on behalf of Atlantic City, maybe these numbers will. In the last quarter, only four casinos turned a profit. Harrah’s Entertainment‘s Showboat and Harrah’s Marina … Continue reading →

Posted in Atlantic City, Boyd Gaming, Carl Icahn, Colony Capital, Donald Trump, Economy, Harrah's, Penn National, Politics, Sahara, The Strip, Tropicana Entertainment | Comments Off on Crisis point in Atlantic City

Peril on the Strip

Posted on August 19, 2010 by David McKee

You wouldn’t know if from the wrap on Luxor’s west side, but Angelica Bridges is out as Fantasy headliner, replaced by Lorena Peril (late of Sin City Bad Girls at the Las Vegas Hilton). This alone is sufficient to bump … Continue reading →

Posted in Atlantic City, Carl Icahn, CityCenter, Donald Trump, Entertainment, Fontainebleau, Goldman Sachs, Harrah's, MGM Mirage, Sheldon Adelson, Steve Wynn, The Strip, Tourism, Tropicana Entertainment | 1 Comment

Who needs M most?; Station’s glass jaw

Posted on August 17, 2010 by David McKee

In a shocker of a scoop, The Newspaper That Must Not Be Cited revealed yesterday that a $700 million stake in $1 billion M Resort was being shopped around by the resort’s lead banker. While this probably says more about … Continue reading →

Posted in Atlantic City, Boulder Strip, Boyd Gaming, California, Carl Icahn, Colony Capital, Cosmopolitan, Current, Downtown, Economy, Kansas, M Resort, Maryland, MGM Mirage, Michael Gaughan, North Las Vegas, Ohio, Penn National, Pinnacle Entertainment, Riviera, Station Casinos, The Strip, Tourism, Tropicana Entertainment, Wall Street | 8 Comments

Atlantic City: It could be worse

Posted on August 10, 2010 by David McKee

Considering that table games were up and running in Delaware and gradually rolling out in Pennsylvania, it comes as a pleasant surprise to see that Atlantic City was only down 5% in July. Frankly, I was expecting much worse, especially … Continue reading →

Posted in Atlantic City, Boyd Gaming, Carl Icahn, Colony Capital, Columbia Sussex, Current, Donald Trump, Economy, Entertainment, Harrah's, Horseracing, Macau, Marketing, MGM Mirage, New York, Pansy Ho, Pennsylvania, Politics, Racinos, Regulation, Technology, Tourism, Tropicana Entertainment, Wall Street | 4 Comments

Ruffin: No bull

Posted on August 4, 2010 by David McKee

Treasure Island owner Phil Ruffin and his beloved mechanical bull made a guest appearance on CNBC and, characteristically, pulled no punches. (Ruffin, that is. The bull had no comment.) Even as MGM Resorts International, Harrah’s Entertainment and Las Vegas Sands … Continue reading →

Posted in Carl Icahn, Current, Donald Trump, Economy, Fontainebleau, Harrah's, MGM Mirage, Phil Ruffin, Sheldon Adelson, The Strip, Tourism, Tropicana Entertainment, TV | 6 Comments

The Tamares shuffle

Posted on August 4, 2010 by David McKee

Musical chairs continue at Tamares Group‘s downtown Las Vegas collection of crumbling casinos. Bobby Ray Harris is out as casino manager and Anthony F. Santo is in. Otherwise, it was the same old song and dance. $20 million worth of … Continue reading →

Posted in Atlantic City, Carl Icahn, Current, Downtown, Harrah's, history, International, Regulation, Station Casinos, Tamares Group, Transportation, Tropicana Entertainment | 2 Comments

Next victim: Westin Casuarina?

Posted on July 19, 2010 by David McKee

Here’s a story that seems to have slipped past all of us. On March 31, the Westin Casuarina was placed on “Imminent Default” status by Fitch Ratings. The property was running at 61.5% occupany, with ADRs of $119 and 61.55 … Continue reading →

Posted in Columbia Sussex, Economy, Harrah's, Lake Tahoe, The Strip, Tourism, Tropicana Entertainment, Wall Street | 3 Comments

Quote of the Day

Posted on July 12, 2010 by David McKee

“I suspect we’ll be talking about growth in the next couple of months. I always think tomorrow is going to be better than today.” — Harrah’s Entertainment‘s East Coast chief, Don Marrandino, whistling past the graveyard that is Atlantic City, … Continue reading →

Posted in Atlantic City, Current, Economy, Pennsylvania, Tropicana Entertainment | Comments Off on Quote of the Day