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- Ray Lebowski on Sibella scandal spreads; Supremes forestall Seminoles
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Category Archives: Trump Entertainment Resorts
Atlantic City, Trump Resorts play for time
Atlantic City can breathe a little easier: It’s bought a year’s reprieve from a ballot question which would revoke its casino monopoly. Technically, it could still get done if the Legislature votes it through by August 30. But it has … Continue reading
Reprieve for Dotty’s; Straub changes course again
By one vote, Dotty’s eked out a four-month grace period while the Las Vegas City Council ponders whether or not to lower the boom on the newest in this mammoth chain of slot parlors and taverns. Known for its homey, … Continue reading
Posted in Arizona, Atlantic City, Carl Icahn, Dotty's, Foxwoods, Glenn Straub, Laughlin, Massachusetts, Regulation, Tribal, Trump Entertainment Resorts
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More grief for Uncle Carl; Bluhm backs down
Carl Icahn has won his gambit to take over Trump Taj Mahal but that doesn’t mean he and Unite-Here are all lovey-dovey. Although Icahn earlier called Trump Entertainment Resorts the most distressed company he’s ever seen, he’s giving CEO Bob … Continue reading
Mixed news from Atlantic City; More silliness from Trump
Atlantic City continued its paradoxical ways last month. The market as a whole suffered another big decline, down 10%. However, for individual operators, May was mostly good, with a same-store gain of 4%. (To see the blended impact of Internet … Continue reading
Mohegans, Foxwoods get go-ahead; More trouble for Caesars
Driven by apocalyptic job-loss projections by Foxwoods Casino Resort and Mohegan Sun, the House of Representatives of Connecticut passed a casino bill to Gov. Dannel Malloy (D) for his signature. The bill doesn’t authorize a casino per se but rather … Continue reading
Posted in Atlantic City, Economy, Foxwoods, Glenn Straub, Harrah's, International, Internet gambling, Lake Tahoe, Massachusetts, MGM Mirage, Mohegan Sun, Penn National, Steve Wynn, Technology, The Strip, Trump Entertainment Resorts, Warner Gaming
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Straub faces reality; Chinese players prefer Vegas
Reality continues to sink in at Revel, where Glenn Straub has thrown in the towel on reopening this summer — raising the prospect of a grand-reopening in the cold-weather months. Not very auspicious, that. Labor Day is the target date … Continue reading
Posted in Atlantic City, Genting, Glenn Straub, Hard Rock International, Harrah's, Macau, MGM Mirage, Revel, Taxes, The Strip, Tourism, Trump Entertainment Resorts, Wall Street
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Atlantic City rings the cash register; Adelson loses (again)
Operating profits in Atlantic City don’t tell the whole story: The Showboat was notoriously in the black when Caesars Entertainment closed it but the company said it was running at a loss … thanks to interest payments with which CEO … Continue reading
Posted in Atlantic City, Boyd Gaming, Dennis Gomes, Economy, Genting, Harrah's, Macau, Melco Crown Entertainment, Mississippi, Mohegan Sun, Sheldon Adelson, Stanley Ho, Steve Wynn, Trump Entertainment Resorts
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Behind the Showboat sale; Cosmo comeback
During its crusade to drive Stockton University out of the Showboat, the CEO of Trump Entertainment Resorts, Robert Griffin airily informed Stockton representatives that they should buy Trump Plaza instead — puncturing TER’s public posture that college kids should be kept … Continue reading
Posted in Atlantic City, Cosmopolitan, Economy, Glenn Straub, Harrah's, Politics, Steve Wynn, The Strip, Trump Entertainment Resorts
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April is the cruelest month for Atlantic City
Not only did players put dramatically less money onto the tables and into the slots but Atlantic City casinos had a run of bad luck last month. All of these factors contributed to a 17% decline. When the four closed … Continue reading
Nothing’s easy at Revel; Death sentence for Harrah’s Tunica
“What am I going to do with this stuff with no electricity, no heat, no air conditioning? These people just give me so many roadblocks.” So complained Glenn Straub after New Jersey‘s Division of Gaming Enforcement ordered him to post guards … Continue reading
Trump blocks progress in Atlantic City; Legal trouble for Penn
Although they enjoyed a same-store increase of 1% last month, Atlantic City casinos pulled in 14% less than last year at this time, grossing $191 million (more than some entire Midwestern states, it should be noted). Twelve percent less coin-in … Continue reading
Posted in Atlantic City, Boyd Gaming, Glenn Straub, Harrah's, Internet gambling, Kansas, Massachusetts, MGM Mirage, Mohegan Sun, Ohio, Penn National, Pennsylvania, Politics, Racinos, Regulation, Revel, Tilman Fertitta, Tropicana Entertainment, Trump Entertainment Resorts
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Good year for Atlantic City
Boardwalker boosters like Glenn Straub who says Atlantic City‘s still got plenty of life in it can point to today’s headlines: The city’s casinos increased their operating profit last year by 45%. Unless you count the defunct Revel (-$48.5 million) … Continue reading
Our long Revel nightmare is over; Big brawl at Resorts World
It only took five tries but it looks like Revel finally belongs to Glenn Straub, the latter having dropped his insistence that it be sold to him free and clear. Now we’ll see if he’s like the dog who caught … Continue reading
Posted in Atlantic City, Carl Icahn, Genting, Glenn Straub, New York, Revel, Trump Entertainment Resorts
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Saving souls on Capitol Hill
Rep. Jason Chaffetz (R) finally got to hold his dog-and-pony show on the eeeeeeevils of Internet gambling, after a previous date had been snowed out. As expected, the proceedings “broke little new ground” on the issue. Afterward, Chaffetz condescended to … Continue reading
Posted in Atlantic City, Fontainebleau, Harrah's, Internet gambling, New York, Politics, Regulation, Revel, Sheldon Adelson, Technology, Tribal, Trump Entertainment Resorts
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The wrath of Icahn; Cautious progress in Indiana
Using the power of the blogosphere, Carl Icahn opened an extra-large can of whup-ass on Unite-Here Local 54 today. While he fleetingly alluded to the ineptitude of Trump Entertainment Resorts management (“The bottom line is that, even without making exorbitant … Continue reading
Posted in Atlantic City, Carl Icahn, Donald Trump, Illinois, Indiana, Politics, Slot routes, Trump Entertainment Resorts, TV
Tagged Unite-Here
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Whither McCartney?; Distress at Caesars
Earlier this week, Vegas Tripping reported the departure of Thomas McCartney from The Cosmopolitan of Las Vegas. In its press release, the Cosmo went beyond the neutral sort of verbiage reserved for such pronouncements, saying that “Mr. McCartney did not … Continue reading
The torments of Glenn Straub; Icahn wins another round
“I keep waiting for the elevator doors to open and somebody to walk out carrying bags of money. We keep hearing about people with money wanting to make bids. I haven’t seen them yet.” So said Glenn Straub, who continues to … Continue reading
Honeymoon over in Atlantic City; Resistance in Connecticut
All the gains Atlantic City casinos had been making from the downsizing of the market came to an abrupt end last month. Gambling revenues dove 16% and same-store revenues fell 2% (yes, even the Borgata‘s). Luck simply was not on … Continue reading
Trump’s hollow victory; Seminoles make new friends
In a display of either weakness or stupidity, Carl Icahn has caved in to Donald Trump and reached an agreement to keep the TV star’s name on Trump Taj Mahal. As anyone who’s followed the dwindling of the Trump empire from … Continue reading
Straub spurned again; Union vs. Icahn, Round Two
Revel has been snatched from Glenn Straub‘s grasp, at least for another week, even though Revel AC has switched its position from contentious opposition to Straub to support. Or, as Revel attorney John Cunningham said, they have “82 million reasons” … Continue reading