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- Ray Lebowski on Sibella scandal spreads; Supremes forestall Seminoles
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Category Archives: Trump Entertainment Resorts
Enormous changes at the last minute
After years of hand-wringing about the future of Atlantic City, there is a sudden imperative to do something about the seaside resort. It’s gone from a leadership vacuum to possibly having too many chefs in the kitchen. State Senate President … Continue reading
Posted in Atlantic City, Carl Icahn, Churchill Downs, Economy, Hard Rock International, Harrah's, Mississippi, Penn National, Revel, Tilman Fertitta, Trump Entertainment Resorts
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Glimmers of hope on the Boardwalk
Every morning, Atlantic City Mayor Don Guardian (R) rides his bicycle along the Boardwalk. This morning, Guardian must have felt he was carrying a heavier burden than usual. Although Hizzoner has maintained that Atlantic City will come out on the … Continue reading
Posted in Atlantic City, Economy, Harrah's, Mississippi, Politics, Regulation, Revel, Trump Entertainment Resorts, Wall Street
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Forced to gamble?; SugarHouse goes big
New Jersey‘s Casino Control Commission has been accused of overzealousness in the past (think MGM Resorts International and Pansy Ho). But now some overzealotry is what local politicians want. In a bizarre and probably unconstitutional move, they want the NJCCC to force, … Continue reading
Posted in Atlantic City, Economy, Harrah's, MGM Mirage, Neil Bluhm, Pansy Ho, Pennsylvania, Regulation, Trump Entertainment Resorts
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Boardwalk despair; Comings and goings on the Strip
It’s a dark day when you find yourself in agreement with Donald Trump, but such is the case with the famous Atlantic City boarding house owned by Vera Coking. Eight years ago, when he wanted to expand Trump Plaza, The … Continue reading
Take my casino, please; Nail-biter in Iowa
Rather than accept three potential casino closings as a fait accompli, Unite-Here is out beating the bushes for potential buyers. Given, the casinos aren’t Unite-Here’s to sell but there’s no law that says the union can’t play matchmaker. “We want the world … Continue reading
Soft landing in A.C.; “Nocturne” put to sleep
Internet-gaming revenue continues to slip in New Jersey, down 9% from May. There are only three players of consequence: Borgata (36.5%), Caesars Atlantic City (27%) and Tropicana Atlantic City (18%). Still, Internet gambling continues to provide a cushion for the … Continue reading
Posted in Atlantic City, Boyd Gaming, California, Cosmopolitan, Current, Entertainment, Harrah's, Internet gambling, Mohegan Sun, Revel, Sam Nazarian, Steve Wynn, The Strip, Tilman Fertitta, Tropicana Entertainment, Trump Entertainment Resorts, Wall Street
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Atlantic City: And then there were nine …
Scarcely had Gary Loveman opined that a few casinos in Atlantic City needed to close than they began toppling like dominoes — some by his own hand. Headed to the casino graveyard alongside the Atlantic Club and the Showboat is Trump … Continue reading
Adelson: Who asked you?
Sheldon Adelson is fast becoming the #1 buttinski in American politics. He’s not from Florida and doesn’t do business there but that hasn’t stopped him from meddling the state’s electoral process. He’s been seeding an astroturf movement to defeat the … Continue reading
Posted in Atlantic City, Boyd Gaming, Election, Florida, Harrah's, Massachusetts, MGM Mirage, Regulation, Sheldon Adelson, Tropicana Entertainment, Trump Entertainment Resorts
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Skepticism in Atlantic City; Hope in Schenectady
Hard Rock International has decided to stop being coy about its interest in Revel Resort. It wants it … if the price is right. “We certainly looked at it. We participated in the process,” said Hard Rock CEO James Allen. “The question … Continue reading
Good news from Atlantic City; F-blew: This is the end
OK, so the Boardwalk was down 2% last month but, on a same-store basis (i.e., minus Atlantic Club), business was up 3%, given a shove over the top by $11 million in online-casino revenue, which is looking like a difference maker, … Continue reading
Affleck banned from HRH; Sands Bethlehem reprieved
You can do all manner of despicable things in a casino if you’re a high roller … but count one lousy card and you’re toast, mister. That’s the message being sent by Warner Gaming after it banned Ben Affleck from … Continue reading
Soft landing in Atlantic City; Sweating the slots
A 4% increase in online play helped soften the landing for Atlantic City this month. With cyber-revenue factored into the equation, casinos were down only 2% on a same-store basis. Slot revenue fell 10% but the odds were in the … Continue reading
Posted in Atlantic City, Boyd Gaming, Cretins, Harrah's, Mohegan Sun, Ohio, Penn National, Regulation, Revel, Technology, Tilman Fertitta, Tropicana Entertainment, Trump Entertainment Resorts
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New York’s challenge; History repeats itself as farce
Wasting no time, the New York State Gaming Commission appointed three experienced public servants to the Resort Gaming Facility Location Board and gave them a June deadline to accept bids. That’s light speed compared to Massachusetts. It also overshadowed something … Continue reading
Posted in Architecture, Boyd Gaming, Economy, International, New Hampshire, New York, Racinos, Tilman Fertitta, Tribal, Trump Entertainment Resorts, Wisconsin
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Nose candy at Mandalay Bay; Remembering Gaughan
It’s a measure of how lucrative nightclubs are that casino companies are willing to run the attendant risks. (Put another way, by contrast to nightclubs, casinos look as staid as banks.) Case in point, MGM Resorts International‘s half-million-dollar settlement with … Continue reading
Posted in Downtown, Economy, Foxwoods, Internet gambling, Massachusetts, MGM Mirage, Problem gambling, Regulation, Station Casinos, The Strip, Trump Entertainment Resorts
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Adelson: Sore winner; Good news from Atlantic City
Macao’s 2013 casino haul of $45 billion seems pretty mind-boggling on its own merits. That number could be $115 billion by 2018. Much of that growth will be driven by post-2015 projects of Melco Crown Entertainment and Galaxy Entertainment Group. … Continue reading
Time running for Atlantic City; Adelson’s scurrility
After a quarterly hiatus, it seems time to start covering Atlantic City again. The headline item is a $9.5 million gross from Internet gambling. At that rate, online gambling isn’t going to be a game-changer and, indeed, the Boardwalk was … Continue reading
Online gambling is …
… a success, according to Seeking Alpha. On the other hand, Telsey Advisor Group projects New Jersey to flop, eventually only grossing $90 million, not the half-billion envisioned by some. Bloomberg Businessweek reports “mildly disappointing” numbers and that Internet wagering … Continue reading
Posted in Atlantic City, Boyd Gaming, Economy, Harrah's, Internet gambling, Pennsylvania, Problem gambling, Revel, Tourism, Trump Entertainment Resorts
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Nevada finishing year strong; Christie’s choler
With a little help from one extra weekend day, Nevada gross gaming revenues shot upward 12% statewide in November and 23% on the Strip. Baccarat players lost their shirts, with the house winning 94% more than the previous year. Less … Continue reading
Mohegan Sun scolded; Atlantic Club’s death throes
City fathers in Palmer, Massachusetts, have had a sudden falling-out with Mohegan Tribal Gaming Authority. They’ve accused Mohegan Sun of deliberately tanking the Nov. 5 election through “a deliberate pattern of delay and mismanagement.” As such, they’ll be joining the … Continue reading
Posted in Atlantic City, Cordish Co., Hard Rock International, Harrah's, Indiana, Massachusetts, Mohegan Sun, Regulation, Revel, Steve Wynn, Taxes, Tilman Fertitta, Tropicana Entertainment, Trump Entertainment Resorts
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Sore losers; Poker Stars’ ticket punched
Update: Fallout from the lawsuit might force Stephen Crosby to step down. (Caesars is suing him for damages, among other things.) “Chairman Crosby and members of the commission’s staff have made untrue and misleading statements about plaintiffs and their affiliates. … Continue reading
Posted in Atlantic City, Election, Harrah's, Internet gambling, Massachusetts, Regulation, Tribal, Trump Entertainment Resorts, Wisconsin
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