Category Archives: Tropicana Entertainment

“I’m not dead yet!”

Posted on July 8, 2010 by David McKee

Taking its cue from Monty Python‘s interpretation of the death of Mary, Queen of Scots, management of the Riviera refuses to roll over and die. Its latest enhancement is somewhat out of the box as far as Strip watering holes … Continue reading →

Posted in Boyd Gaming, CityCenter, Colony Capital, Current, Dining, Entertainment, Harrah's, International, MGM Mirage, Phil Ruffin, Riviera, Sahara, Sheldon Adelson, Sports, Steve Wynn, The Strip, Tropicana Entertainment, TV | 4 Comments

Around the horn

Posted on July 8, 2010 by David McKee

Iowa‘s casino revenues last month were nearly the textbook definition of “flat”: up a tenth of a percent, the first revenue-positive month since February 2009. (Hey, growth is growth. We’ll take it.) The drag anchor on revs was Harrah’s Entertainment, … Continue reading →

Posted in Ameristar, Boyd Gaming, Carl Icahn, CityCenter, Current, Detroit, Don Barden, Economy, Entertainment, Harrah's, Horseracing, Illinois, Indiana, International, Iowa, Isle of Capri, Macau, MGM Mirage, Mississippi, Missouri, Pansy Ho, Penn National, Pinnacle Entertainment, Racinos, Regulation, Stanley Ho, Tribal, Tropicana Entertainment, TV | 2 Comments

Bargain-hunting at Harrah’s

Posted on June 4, 2010 by David McKee

But not in the way you might think … Harrah’s Entertainment is $557 million richer — which effectively amortizes the Planet Hollywood deal — after the swap of a 16% ownership stake to three investment firms for $1.2 billion in … Continue reading →

Posted in Alex Yemenidjian, Boyd Gaming, Carl Icahn, Columbia Sussex, Current, Dining, Economy, Florida, Harrah's, MGM Mirage, Oklahoma, Regulation, The Strip, Tourism, Tribal, Tropicana Entertainment, Wall Street | 4 Comments

So much news …

Posted on June 2, 2010 by David McKee

… so little time. East Coast casinos are stepping up their Asian-American marketing … and people are complaining? Don’t do it and you’re culturally insensitive. Do it and you’re predatory. This is one of those perception battles casinos will never … Continue reading →

Posted in Ameristar, Boyd Gaming, Economy, Entertainment, Fontainebleau, Harrah's, Indiana, Marketing, MGM Mirage, Missouri, Penn National, Phil Ruffin, Riviera, Station Casinos, Steve Wynn, The Strip, Tropicana Entertainment | 2 Comments

Trop tour!

Posted on May 17, 2010 by David McKee

I’ll be spending late Wednesday with a hardhat atop my noggin, as I get a tour of the ongoing makeover at the Tropicana Las Vegas. The two big, outdoor signs have already been replaced, the marquee (left) is getting a … Continue reading →

Posted in Alex Yemenidjian, Current, Entertainment, The Strip, Tropicana Entertainment | 4 Comments

“The American consumer is toast”

Posted on May 14, 2010 by David McKee

If you think MGM Mirage CEO Jim Murren sounds apocalyptic when he forecasts no major development on the Las Vegas Strip until circa 2020 (heck, Carl Icahn may keep Fontainebleau on ice until 2015) then get a load of this … Continue reading →

Posted in Atlantic City, Carl Icahn, CityCenter, Columbia Sussex, Current, Economy, Fontainebleau, Genting, Harrah's, Herbst Gaming, Mesquite, MGM Mirage, Neil Bluhm, Pennsylvania, Racinos, Regulation, Sheldon Adelson, Singapore, Technology, The Strip, Tribal, Tropicana Entertainment | 3 Comments

Mixed signals along the rivers

Posted on May 11, 2010 by David McKee

Last month’s results from Missouri are as might be expected. The opening of Pinnacle Entertainment‘s River City lifted state revenues overall (6%) but at the price of a fair amount of cannibalization — mainly at other Pinnacle properties, although it … Continue reading →

Posted in Ameristar, Boyd Gaming, Columbia Sussex, Cordish Co., Detroit, Economy, Harrah's, Illinois, Indiana, Missouri, Penn National, Pinnacle Entertainment, Tribal, Tropicana Entertainment, Wall Street | Comments Off on Mixed signals along the rivers

Flat in IN, coming back in IL

Posted on April 8, 2010 by David McKee

Despite being 2.5% below last year’s casino revenues, J.P. Morgan is calling the results in Illinois the best out of the previous 16 months. In other words, the decline was the smallest since November of ’09.  The restoration of Penn … Continue reading →

Posted in Ameristar, Boyd Gaming, Cordish Co., Current, Don Barden, Economy, Harrah's, Illinois, Indiana, Macau, MGM Mirage, Pansy Ho, Penn National, Pinnacle Entertainment, Racinos, Regulation, Tribal, Tropicana Entertainment | Comments Off on Flat in IN, coming back in IL

$290 million for Borgata

Posted on March 29, 2010 by David McKee

That’s what MGM Mirage’s half is expected to bring and it won’t happen until next year, according to J.P. Morgan‘s latest set of estimates. We could debate whether or not MGM should have started shopping the place a year ago, … Continue reading →

Posted in Atlantic City, Boyd Gaming, Current, Economy, Harrah's, International, Macau, MGM Mirage, Pansy Ho, Regulation, Station Casinos, The Strip, Tourism, Tropicana Entertainment, Wall Street | Comments Off on $290 million for Borgata

Quote of the Day

Posted on March 26, 2010 by David McKee

“Ever since banks lent all that money to Columbia Sussex to buy my hotel, my paycheck is smaller, I don’t qualify for health insurance anymore, and my co-workers are laid off.” — Baltimore Sheraton laundress Mary Lee Hinant. Her hotel … Continue reading →

Posted in Columbia Sussex, Current, Labor, Maryland, Tropicana Entertainment, Wall Street | Comments Off on Quote of the Day

Quote of the Day

Posted on March 23, 2010 by David McKee

“There’s a misperception out there that we bust up companies. Or that I believe that all people on boards are bad. It’s just that, in some cases, the C.E.O.’s are so wrong.” — Tropicana Entertainment owner Carl Icahn, in a … Continue reading →

Posted in Atlantic City, Carl Icahn, Current, Downtown, Goldman Sachs, Tropicana Entertainment, Wall Street | 2 Comments

White-out in Atlantic City

Posted on March 11, 2010 by David McKee

Thirty-seven inches of snow in February was a problem Atlantic City could do very well without. While the white stuff takes some of the edge off the sobering realization that the Boardwalk is -34% since February 2006, you know the … Continue reading →

Posted in Atlantic City, Boyd Gaming, Carl Icahn, Colony Capital, Columbia Sussex, Current, Donald Trump, Economy, Harrah's, MGM Mirage, Pennsylvania, Tropicana Entertainment | Comments Off on White-out in Atlantic City

Quote of the Day

Posted on March 9, 2010 by David McKee

“There will undoubtedly be tough sledding ahead for Atlantic City, especially in light of the increasing competition from neighboring states. However, I believe that Atlantic City, with its beautiful beaches, can again become a premier destination resort.” — Carl Icahn, … Continue reading →

Posted in Atlantic City, Carl Icahn, Columbia Sussex, Current, Economy, Regulation, Tropicana Entertainment | 3 Comments

Case Bets: “Viva Elvis,” Loveman in Macao, Icahn in A.C., etc.

Posted on February 24, 2010 by David McKee

Viva Elvis vs. Love. The Sun‘s John Katsilometes pivots it to a question of “Whose music is better?” I’m not going there but I think he really nails why one show seemed right up Cirque du Soleil‘s alley while the … Continue reading →

Posted in Atlantic City, Boulder Strip, Boyd Gaming, Carl Icahn, Cirque du Soleil, CityCenter, Current, Don Barden, Donald Trump, Economy, Entertainment, Harrah's, Indiana, International, Isle of Capri, James Packer, Lawrence Ho, Macau, Melco Crown Entertainment, MGM Mirage, Penn National, Pennsylvania, Pinnacle Entertainment, Politics, Racinos, Regulation, Sheldon Adelson, Stanley Ho, Tribal, Tropicana Entertainment | 5 Comments

Aren’t we glad?

Posted on February 9, 2010 by David McKee

When given lemons, make lemonade. When hit with a throat infection, lay low and scrounge around for S&G fodder. So it is today — and I didn’t have to scrounge very far. While Las Vegas didn’t dodge too many bullets … Continue reading →

Posted in Alabama, Architecture, Atlantic City, Bally Technologies, Carl Icahn, Dubai, Economy, Entertainment, Harrah's, IGT, Illinois, Indiana, James Packer, Pennsylvania, Planet Hollywood, Regulation, Steve Wynn, Technology, The Strip, Transportation, Tropicana Entertainment, Wall Street, WMS Industries | 3 Comments

Happy ending for “Aztar”

Posted on January 15, 2010 by David McKee

Here’s a feel-good story to help ring out the week. The Indiana Gaming Commission has approved Tropicana Entertainment as a suitable owner-operator for the Casino Aztar riverboat, berthed in Evansville. There are a number of contingencies, primarily the plunking down … Continue reading →

Posted in Atlantic City, Columbia Sussex, Current, Entertainment, Harrah's, Indiana, Labor, Louisiana, Steve Wynn, Tribal, Tropicana Entertainment | 1 Comment

Big payoff for Pennsylvania

Posted on January 12, 2010 by David McKee

Gov. Ed Rendell (D) and other state leaders have got to be feeling the love for the Keystone State‘s budding casino industry, which generated over $1 billion in tax revenue last year. That boffo return was achieved without table games … Continue reading →

Posted in Boyd Gaming, Cannery Casino Resorts, Economy, Harrah's, IGT, Indiana, Kentucky, MGM Mirage, Neil Bluhm, Ohio, Penn National, Pennsylvania, Politics, Racinos, Reno, Sheldon Adelson, Taxes, Technology, Tribal, Tropicana Entertainment, TV | 2 Comments

Sheldon the Barbarian & other news

Posted on January 11, 2010 by David McKee

Amid reports of vastly improved attendance at this year’s Consumer Electronics Show comes news of a typical overreaction by Las Vegas Sands. I know of one company that was doing off-site demos and fortunately wasn’t among the vendors turfed out … Continue reading →

Posted in Atlantic City, California, Carl Icahn, Colorado, Columbia Sussex, Current, Economy, Election, Harrah's, Indiana, Politics, Regulation, Sheldon Adelson, Singapore, Taxes, The Strip, Tourism, Transportation, Tribal, Tropicana Entertainment | 5 Comments

It could be worse … couldn’t it?

Posted on January 8, 2010 by David McKee

That’s what passes for optimism these days when confronted by ledgers like those posted by casinos in Illinois and Indiana for December. While the former’s 5% decline hardly looks like cause for celebration, it at least suggests the Land of … Continue reading →

Posted in Boyd Gaming, Current, Don Barden, Economy, Harrah's, Illinois, Indiana, MGM Mirage, Neil Bluhm, Penn National, Politics, Racinos, Regulation, Taxes, Tribal, Tropicana Entertainment | 1 Comment

Case Bets: The Wayner, G2E, Packer & Kerzner

Posted on December 8, 2009 by David McKee

Say what you like about Wayne Newton‘s Once Before I Go at the Tropicana Las Vegas, it has the biggest band you’ll see on the Strip: 20 strong, plus backup singers. Most Strip headliners have to make do with one-third … Continue reading →

Posted in Alex Yemenidjian, Atlantic City, Australia, Carl Icahn, Current, Donald Trump, Economy, Entertainment, G2E, Genting, International, James Packer, Massachusetts, New York, Pennsylvania, Planet Hollywood, Problem gambling, Racinos, Sheldon Adelson, Singapore, Tribal, Tropicana Entertainment | Comments Off on Case Bets: The Wayner, G2E, Packer & Kerzner