Category Archives: Trump Entertainment Resorts

Trump wins battle against himself; Riviera’s fate sealed

Posted on February 23, 2015 by David McKee

Perpetual litigant Donald J. Trump has won the first round in his lawsuit against Trump Entertainment Resorts, whose minority shareholders include one Donald J. Trump. A bankruptcy judge in Delaware ruled that the suit can proceed. It contends that Trump … Continue reading →

Posted in Atlantic City, Donald Trump, Entertainment, Genting, James Packer, LVCVA, Riviera, The Strip, Tourism, Trump Entertainment Resorts, Westgate LV | 1 Comment

Then there was Resorts …

Posted on February 19, 2015 by David McKee

By tomorrow afternoon, there will be a new player in New Jersey‘s online-gaming industry: Resorts Atlantic City. The casino’s Internet-play site will go online in a limited fashion, gradually ramping up to full capacity over the ensuing week. Resorts execs … Continue reading →

Posted in Atlantic City, Dennis Gomes, Florida, Internet gambling, Isle of Capri, Mohegan Sun, Oklahoma, Regulation, Tribal, Trump Entertainment Resorts | Comments Off

Can New York casinos work miracles?

Posted on February 16, 2015 by David McKee

“Do I believe in it? I believe in it. I think Sullivan County is destined for an absolute true turnaround,” says Monticello restaurateur Bill Sipos, when asked about the potential impact of Empire Resorts‘ Montreign (left) on his area. The project … Continue reading →

Posted in Atlantic City, Boyd Gaming, Economy, Environment, Neil Bluhm, New York, Regulation, Sheldon Adelson, Sports, Trump Entertainment Resorts | Comments Off

Whither Bally’s?; Boffo January for Atlantic City

Posted on February 12, 2015 by David McKee

From publicly mulling a Horseshoe rebranding to talk of a new hotel tower, Caesars Entertainment has never seemed to know quite what to do with Bally’s Las Vegas, white elephant of its parade of Strip casinos. The Las Vegas Weekly‘s … Continue reading →

Posted in Atlantic City, Boyd Gaming, Economy, Entertainment, Harrah's, Internet gambling, Marketing, MGM Mirage, Mohegan Sun, Taxes, The Strip, Tilman Fertitta, Tropicana Entertainment, Trump Entertainment Resorts | Comments Off

More trouble for Taj; Revel sale hangs by a thread

Posted on February 12, 2015 by David McKee

It seems that Trump Taj Mahal has been rather cavalier about reporting large transactions and suspicious financial activities to FinCEN. For instance, when customers’ names and Social Security numbers didn’t square, Taj management still didn’t pursue the discrepancies. The Taj ‘fessed … Continue reading →

Posted in Atlantic City, Glenn Straub, Harrah's, Regulation, Revel, Trump Entertainment Resorts | Comments Off

Straub holds Revel hostage; Caesars cutbacks begin

Posted on January 21, 2015 by David McKee

Revel continues to be a bone of contention. Utility supplier ACR Energy Partners is leading a group of creditors attempting to block the sale of Revel to Glenn Straub. The latter, they assert, could simply walk away from all contracts, claims, … Continue reading →

Posted in Atlantic City, Carl Icahn, Dining, Glenn Straub, Harrah's, Revel, The Strip, Trump Entertainment Resorts | 1 Comment

Atlantic City hangs in there; Mississippi mulls i-poker

Posted on January 15, 2015 by David McKee

When it comes to Atlantic City it literally is a question of whether the glass is half-empty or half-full. The city’s casinos are 48% off their 2006 high of $5.2 billion. In 2014, the decline was slowed somewhat by $123 … Continue reading →

Posted in Atlantic City, Boyd Gaming, Colony Capital, Economy, Harrah's, Horseracing, International, Mississippi, Politics, Revel, Sports, Tilman Fertitta, Tropicana Entertainment, Trump Entertainment Resorts | Comments Off

Boffo Christmas for Borgata; ColSux loses again

Posted on January 14, 2015 by David McKee

There wasn’t a lot of Christmas cheer to be had in Atlantic City, where citywide gambling revenues fell 13%. However, for the surviving operators, the take was up 7% on a “same-store” basis (i.e., discounting the casinos that have closed). … Continue reading →

Posted in Atlantic City, Boyd Gaming, Carl Icahn, Columbia Sussex, Harrah's, history, Internet gambling, Kentucky, Mohegan Sun, Tilman Fertitta, Tropicana Entertainment, Trump Entertainment Resorts | Comments Off

Atlantic City faces uncertain 2015; Wynn remakes Boston look

Posted on December 29, 2014 by David McKee

It can’t get any worse. That’s the cautious mantra emerging from the Boardwalk, where Atlantic City shed four casinos last year. Trump Taj Mahal is on life support provided by Carl Icahn and Caesars Entertainment CEO Gary Loveman has cast … Continue reading →

Posted in Architecture, Atlantic City, Carl Icahn, Economy, Glenn Straub, Harrah's, Massachusetts, Regulation, Revel, Steve Wynn, Technology, Tribal, Trump Entertainment Resorts | Comments Off

Icahn saves Taj, kinda sorta

Posted on December 18, 2014 by David McKee

Trump Taj Mahal‘s fate seesaws by the day, if not the hour. According to the New York Post, Unite-Here Local 54 “got pretty much what it wanted” from Carl Icahn and “all work rules” will be reinstated. Icahn did persuade Local … Continue reading →

Posted in Atlantic City, Carl Icahn, Donald Trump, Economy, Politics, Regulation, Sam Nazarian, Tropicana Entertainment, Trump Entertainment Resorts | 3 Comments

Taj at Icahn’s mercy; The wrath of Wynn

Posted on December 17, 2014 by David McKee

Trump Entertainment Resorts CEO Bob Griffin (below) has basically flung himself at the feet of Carl Icahn and begged the billionaire to keep funding Trump Taj Mahal “well into 2015,” while Unite-Here‘s appeal of a bankruptcy court ruling is adjudicated, maybe … Continue reading →

Posted in Atlantic City, Carl Icahn, Columbia Sussex, Entertainment, Harrah's, Macau, MGM Mirage, Mohegan Sun, Morgans Hotel Group, Steve Wynn, The Strip, Tilman Fertitta, Trump Entertainment Resorts | Comments Off

Atlantic City: Fertitta wins, Taj too close to call

Posted on December 16, 2014 by David McKee

Score one for the Golden Nugget in Atlantic City and its peppery owner, Tilman Fertitta. Its threat to “blow up” a property-tax reform deal was sufficient to bring about a compromise acceptable to all sides. Under the original bill and … Continue reading →

Posted in Atlantic City, Carl Icahn, Economy, Oklahoma, Politics, Regulation, Taxes, Tilman Fertitta, Tribal, Trump Entertainment Resorts | Comments Off

Hope and change in Atlantic City

Posted on December 15, 2014 by David McKee

Not everybody is on board with Gov. Chris Christie‘s and state Senator Stephen Sweeney‘s plan for a new, fixed-rate payment system for Atlantic City casinos, in lieu of property taxes. Despite a floodtide of new revenue in recent months, the … Continue reading →

Posted in Atlantic City, Boyd Gaming, Glenn Straub, Harrah's, MGM Mirage, Mohegan Sun, Pennsylvania, Revel, Taxes, Tilman Fertitta, Tropicana Entertainment, Trump Entertainment Resorts | 1 Comment

Icahn: My way or the highway

Posted on December 15, 2014 by David McKee

If Unite-Here doesn’t cave in today, it’s curtains for Trump Taj Mahal. Or so says Carl Icahn, who wants the union to abandon its court fight to restore health and pension benefits breached by Trump Entertainment Resorts. If Icahn carries … Continue reading →

Posted in Atlantic City, Boyd Gaming, Carl Icahn, Dining, Entertainment, Harrah's, Louisiana, Pinnacle Entertainment, Texas, The Strip, Tilman Fertitta, Tribal, Trump Entertainment Resorts | Comments Off

Migratory patterns in Atlantic City

Posted on December 12, 2014 by David McKee

Considerably less casino revenue continues to flow into Atlantic City, down 13% last month, but it’s not all bad. Thanks to the whale-sized “market correction” of multiple casino closings, there continues to be more money for everybody who’s left. October’s … Continue reading →

Posted in Atlantic City, Boyd Gaming, Current, Economy, Harrah's, Mohegan Sun, Tilman Fertitta, Tropicana Entertainment, Trump Entertainment Resorts | 1 Comment

The war over Caesars

Posted on December 8, 2014 by David McKee

That Caesars Entertainment plan to subdivide itself into a REIT may be a one-week wonder: Creditors are reported to be balking at the structure. “The creditors want to make sure the REIT is structured in a way that protects them … Continue reading →

Posted in Atlantic City, Delaware, Harrah's, Internet gambling, New York, South Korea, Station Casinos, Trump Entertainment Resorts, Wall Street | 1 Comment

Trump Taj Mahal buys time

Posted on December 5, 2014 by David McKee

In the latest of many deadlines, Trump Taj Mahal has pushed its closing date back by another week, from Dec. 12 to Dec. 20. (Given that it has closed one of its hotel towers, we should not be surprised that … Continue reading →

Posted in Atlantic City, Harrah's, Internet gambling, Sports, Station Casinos, Taxes, The Strip, Trump Entertainment Resorts | Comments Off

Death throes at Trump Taj; Casino clash in Maine

Posted on December 2, 2014 by David McKee

Even with a $5 million cash infusion from rich uncle Carl Icahn, that didn’t stop Trump Taj Mahal from going into Death Spiral Mode. Its greatest asset, its new(ish) hotel tower, has been closed and the casino will no longer … Continue reading →

Posted in Atlantic City, GTECH, Horseracing, IGT, International, Lawrence Ho, Maine, Melco Crown Entertainment, Penn National, Politics, Tribal, Trump Entertainment Resorts | Comments Off

Icahn’s olive branch

Posted on December 1, 2014 by David McKee

As the clock ticks down toward a Dec. 4 bankruptcy hearing at which Trump Entertainment Resorts could be dissolved, Carl Icahn is nothing if not optimistic. He continues to believe he can recoup the $286 million in debt he holds … Continue reading →

Posted in Atlantic City, Boyd Gaming, Carl Icahn, Environment, Genting, New York, Regulation, Taxes, Trump Entertainment Resorts | 2 Comments

Good news from the Boardwalk; Leven leaves

Posted on November 25, 2014 by David McKee

Rid of the Atlantic Club Hotel, Showboat, Trump Plaza and Revel, cash flow at Atlantic City casinos shot upward 7%, or $147.5 million. Once that unhappy quartet is removed from the year-over-year comparison, the percentage increase falls to 3% but … Continue reading →

Posted in Carl Icahn, Cirque du Soleil, Colony Capital, Harrah's, Macau, Massachusetts, MGM Mirage, Mohegan Sun, Regulation, Revel, Sheldon Adelson, Steve Wynn, The Strip, Tilman Fertitta, Trump Entertainment Resorts, Wall Street | Comments Off