Category Archives: TV

More bankruptcies predicted

Financial Week weighs in the casino industry's current doldrums, amplifying the newly recurrent refrain that the revenue diversification which we thought would shield Las Vegas and other destination markets from the bad times is instead increasing its exposure to same. … Continue reading

Posted in Boyd Gaming, Herbst Gaming, Indiana, Morgans Hotel Group, Sheldon Adelson, The Strip, TV, Wall Street | Comments Off on More bankruptcies predicted

America's biggest celebrity

Sen. John McCain‘s presidential campaign rolled out a unique tactic this week: complaining that McCain’s opponent is more popular and famous. I suppose you could call it “out of the box” thinking, though it seems a tad whiny to me. … Continue reading

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All-star atrocity

Pardon the digression whilst I vent about the bad joke that was last night's MLB All-Star Game (or was it the "State Farm All-Star Game" or something like that? Bud Selig is whoring the national pastime out like a regular … Continue reading

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Blasts from the past

Snuggled inconspicuously in a recent El Cortez press release was the disclosure that the newly reconfigured ownership will include one Lonny Zarowitz. The aforesaid Zarowtiz figures briefly in John L. Smith's Running Scared: The Life and Treacherous Times of Las … Continue reading

Posted in Downtown, Harrah's, International, Regulation, Steve Wynn, The Strip, TV | Comments Off on Blasts from the past

"Casino Bonds Crush Harrah's"

That’s Bloomberg, bearing the dire news that casino junk-bond debt is “generating the worst return for investors as companies from … Harrah’s Entertainment Inc. to Herbst Gaming Inc. risk bankruptcy under the weight of their debt.” With a return of … Continue reading

Posted in Atlantic City, Columbia Sussex, Detroit, Donald Trump, Harrah's, Herbst Gaming, Indiana, Station Casinos, TV, Wall Street | Comments Off on "Casino Bonds Crush Harrah's"

Now it's Morgans' turn

Add Echelon to the list of Strip projects across whose future a shadow has fallen. No, the problem isn’t with Boyd Gaming. They’re right on track. According to this Reuters story, it’s Morgans Hotel Group‘s participation that’s not shaping up … Continue reading

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The Westin scandal …

… is growing legs. No, not these kind of legs. (Well, that too.) It’s also unearthed another strange-but-true story of business as usual at Columbia Sussex. That $25/bedbug bounty at the Trop is unwontedly generous by ColSux standards — a … Continue reading

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