-
Recent Posts
- You can’t fix stupid; Good-bad news on the bayou
- If you can’t beat ’em, cheat ’em; Fun & games
- Pennsylvania soggy; Epic fail in North Carolina
- Sibella scandal spreads; Supremes forestall Seminoles
- Atlantic City rebounds; Sibella dumped; NFL suspicions
- MGM limping back; Atlantic City follies; Wall Street Jottings
- On and off the radio
- MGM crippled; Illinois & Indiana report; Bally’s shaky in Chi
- MGM paralyzed; DraftKings debacle; Mount Airy wins
- Bally’s opens, Chicago yawns; MGM, tree murderers
Categories
@Stiffs_Georges
Error: Invalid or expired token.-
Archives
Recent Comments
- Alice Eskandari on Durango Station, slightly downsized
- David McKee on You can’t fix stupid; Good-bad news on the bayou
- American Gaming Guru on You can’t fix stupid; Good-bad news on the bayou
- Ray Lebowski on Sibella scandal spreads; Supremes forestall Seminoles
- David McKee on Sibella scandal spreads; Supremes forestall Seminoles
- Ray Lebowski on Sibella scandal spreads; Supremes forestall Seminoles
- David McKee on MGM crippled; Illinois & Indiana report; Bally’s shaky in Chi
- Paul Shanahan on MGM crippled; Illinois & Indiana report; Bally’s shaky in Chi
- ACGambler on MGM limping back; Atlantic City follies; Wall Street Jottings
- Bob on Bally’s opens, Chicago yawns; MGM, tree murderers
Views
- Sibella scandal spreads; Supremes forestall Seminoles - 56,348 views
- You can’t fix stupid; Good-bad news on the bayou - 56,250 views
- If you can’t beat ’em, cheat ’em; Fun & games - 54,670 views
- Pennsylvania soggy; Epic fail in North Carolina - 55,606 views
- Atlantic City rebounds; Sibella dumped; NFL suspicions - 55,586 views
- Profit vs. investment on the Strip - 1,055,343 views
- Lame nag; Frissora overpaid? - 578,475 views
- The evils of bingo; Wynn’s Aqueduct exit - 90,473 views
- That casino smell - 63,598 views
- Bally’s opens, Chicago yawns; MGM, tree murderers - 58,132 views
- MGM crippled; Illinois & Indiana report; Bally’s shaky in Chi - 57,718 views
- MGM paralyzed; DraftKings debacle; Mount Airy wins - 57,132 views
- MGM limping back; Atlantic City follies; Wall Street Jottings - 56,763 views
Blogroll
Admin.
Category Archives: Wall Street
No cannibalization in K.C.!; Nebraska: Phhhhhttt!
February numbers are in for Hollywood Casino at Kansas Speedway and it lifted the entire K.C. market 24%, grossing $15 million in 26 days. Once the Hollywood effect is sifted out of monthly revenues, all other casinos were down only … Continue reading
Posted in Ameristar, Current, Harrah's, Horseracing, Isle of Capri, Kansas, Missouri, Nebraska, New York, Ohio, Penn National, Pennsylvania, Politics, Racinos, Regulation, Wall Street
Comments Off on No cannibalization in K.C.!; Nebraska: Phhhhhttt!
One born every minute
Wall Street‘s appetite for risk knows no bounds. True, year-end numbers from MGM Resorts International contain cause for confidence, including 8% higher domestic gambling revenue and 10% improved room revenues. However, MGM’s still sitting atop a $13.5 billion powder keg … Continue reading
Posted in CityCenter, Culinary Union, Current, Dubai, G2E, Harrah's, Macau, Maryland, Massachusetts, MGM Mirage, Politics, Racinos, Taxes, Wall Street
Comments Off on One born every minute
End of an era; Butera: Down is the new up
Bunny blues. Given the travails affecting Hugh Hefner‘s eroding PEI empire — including a recent abandonment of its Chicago offices and spinoff of its Cyber Club — it was only a matter of very little time before the Palms’ franchised … Continue reading
Posted in Current, Entertainment, George Maloof, International, Marketing, Massachusetts, Rhode Island, The Strip, Tribal, Wall Street
Comments Off on End of an era; Butera: Down is the new up
Penn and Pennsylvania; Trop’s big screwup; Louisiana’s big month
A racetrack isn’t something you just pick up and relocate. However, Penn National Gaming has been given the go-ahead by the State of Ohio to “move” its Beulah Park and Raceway Park to, respectively, Youngstown and Dayton. They are presently … Continue reading
Dan Lee calls it quits; Who let Big Dawg’s out?
Having seen the handwriting on the wall, Dan Lee has sold his Creative Casinos of Louisiana to regional rival Ameristar Casinos for a measly $32.5 million. Bankers were having difficulty computing Lee + Lake Charles = Mojito Pointe. Financing prospects … Continue reading
Wynn vs. Okada: Shooting the messenger; Ship of fools
Stung by accusations from Wynn Resorts that erstwhile Shareholder #1 Kazuo Okada had been greasing palms at PAGCOR, prompt action was taken by the Philippines House Committee on Games & Amusements. It promptly banned … Steve Wynn. This comical, “circle … Continue reading
The whales of January; Shrinking Hooters
Baccarat win on the Las Vegas Strip began the year heavy ($194 million) and dramatic, up 199% from 2011. The whales were back in force, dropping 163% more than the previous January, putting $1.6 billion in play. An early Chinese … Continue reading
Posted in Boulder Strip, Boyd Gaming, California, Current, Downtown, Economy, Entertainment, Hooters, Lake Tahoe, Laughlin, Movies, North Las Vegas, Reno, Tribal, Wall Street
2 Comments
Biloxi: Isle out, Landry’s in; Grind joints come to Atlantic City
Not even a rocky start in Atlantic City has cooled the ardor of Landry’s Restaurant CEO Tilman Fertitta for new casino acquisitions. Earlier today Landry’s announced that it had bought Isle Casino Hotel, putting Fertitta into the Biloxi market. The … Continue reading
Wynn vs. Okada: The appraisal; Mob Experience returns … like you cared
Wall Street analysts are weighing in on Wynn Resorts‘ preemptive strike against Kazuo Okada last weekend. Surprisingly, J.P. Morgan‘s Joseph Greff rates it as a positive in re Steve Wynn‘s ambitions for expansion into Japan and says it doesn’t hurt … Continue reading
Posted in Alex Yemenidjian, Cosmopolitan, Current, Election, Entertainment, Harrah's, International, Macau, Movies, Sheldon Adelson, Steve Wynn, The Mob, The Strip, TV, Wall Street
Comments Off on Wynn vs. Okada: The appraisal; Mob Experience returns … like you cared
Wynn vs. Okada: Payback Time
Looks like Kazuo Okada brought a knife to a gunfight with Steve Wynn. The latter has spent the last year having former FBI boss Louis Freeh and sundry investigators check up on Okada — and what a lot of dirt … Continue reading
Posted in Current, Election, Florida, Genting, International, Macau, Massachusetts, MGM Mirage, Politics, Regulation, Sheldon Adelson, Steve Wynn, The Strip, Wall Street
4 Comments
Quote of the Day
“It is hard to value Caesars [Entertainment] based on traditional financial measures because it has consistently lost money since its 2008 leveraged buyout by a group led by Apollo Global Management and TPG Capital. It carries $22.5 billion of debt … Continue reading
Posted in Ameristar, Harrah's, Internet gambling, Pinnacle Entertainment, Wall Street
Comments Off on Quote of the Day
Sands’ new strategy: Blame Genting; Big Gaming backs Romney
First, the good news. Las Vegas Sands is signaling that it is not going to take its ball and come home from Florida, regardless of what lobbyist Nick Iarossi said last week. However, Sands’ emissary to the Sunshine State, Andy … Continue reading
Posted in Atlantic City, Carl Icahn, Colony Capital, Current, Donald Trump, Downtown, Economy, Election, Florida, Genting, Goldman Sachs, Harrah's, International, Internet gambling, LVCVA, Politics, Sheldon Adelson, Station Casinos, Steve Wynn, Tamares Group, The Strip, Tropicana Entertainment, Wall Street
1 Comment
Okada vs. Wynn, Round Two; Nevada wins, players lose
Having spent all weekend and most of yesterday laboring over an in-depth think piece for CityLife (a future-of-Vegas thing), I’ll admit to being pretty well fried. But the news never sleeps — much as one might wish otherwise, sometimes — … Continue reading
Posted in Boyd Gaming, Cretins, Current, Dining, International, Macau, Marketing, Midnight Jim Gibbons, Regulation, Sheldon Adelson, Steve Wynn, Taxes, The Strip, Wall Street
1 Comment
Crack is whack, Gary; Footing the CityCenter bill
It will be some time before we know what drugs were in Whitney Houston‘s system when she perished last weekend. More to our S&G purpose is the question of what pharmacological experiments Caesars Entertainment executives were conducting when they entered … Continue reading
Posted in CityCenter, Current, Entertainment, Harrah's, MGM Mirage, The Strip, Wall Street
Comments Off on Crack is whack, Gary; Footing the CityCenter bill
Lee, Nazarian go to market; IGT goes Disney
An S&G source says Creative Casinos CEO Dan Lee has arranged mezzanine financing and may soon go to the bond market to raise capital, presumably for Mojito Pointe for potentially for ventures elsewhere. The Lake Charles market draws heavy play … Continue reading
Fire sale at Caesars; Harvey vs. The Mob
Money problems at Caesars Entertainment are worse than we thought. According to the New York Post, the company is trying to shop as many as 10 Midwestern casinos in order to raise $500 million in development capital. The money would … Continue reading
Posted in Harrah's, Harry Reid, Illinois, Indiana, International, Iowa, Isle of Capri, Louisiana, Maryland, Mississippi, Missouri, Ohio, Politics, Racinos, Regulation, Reno, The Mob, Tribal, Wall Street
1 Comment
Vegas’ December: Better than it looks?
If today’s numbers from the Nevada Gaming Control Board indicate that December was good for business — especially on the Las Vegas Strip (up 4% … 7% if you take baccarat out of the equation) — January ought to have … Continue reading
Posted in Boulder Strip, Boyd Gaming, Current, Downtown, Economy, Lake Tahoe, Laughlin, Massachusetts, North Las Vegas, Reno, Rhode Island, Sheldon Adelson, Steve Wynn, The Strip, Tourism, Tropicana Entertainment, Wall Street
Comments Off on Vegas’ December: Better than it looks?
Quote of the Day
“Is this the type of company people mean when they say government should be run like a business?” — Las Vegas Review-Journal reader “hermit,” on the subject of Caesars Entertainment‘s IPO.
Posted in Economy, Harrah's, Wall Street
Comments Off on Quote of the Day
From the mailbag: Florida
From the Sunshine State comes this dispatch from one of S&G‘s far-flung network of reader correspondents. This player is obviously quite familiar with the state of gambling in the great State of Florida … Mardi Gras Casino opened with $100 … Continue reading
Posted in California, Florida, Genting, Harrah's, Isle of Capri, Marketing, Racinos, Regulation, Sheldon Adelson, Steve Wynn, Tribal, Wall Street
2 Comments