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Category Archives: Wall Street
Illinois: How much worse can it get?
OK, the 9% dropoff in Illinois gambling dollars last month looks worse than it is because it mainly reflects the flood-enforced closure of Harrah’s Metropolis (left, -77%). All other casinos were down an aggregate 3%, and it didn’t much matter … Continue reading
Sands: Pump up the volume; Nevada’s new casino tax; Cannery’s secret weapon
As in “VIP volume.” That’s what Las Vegas Sands has to do in order to monetize some of its Macao assets, according to a J.P. Morgan report that appeared this morning. In the course of meeting with Sands honchos, Joseph … Continue reading
Ruffin it; Atlantic City: up in smoke?
“Nightclubs — we just didn’t fare well with them. There are so many nightclubs. Everyone’s got just one or two. Ours were just marginal.” That’s Treasure Island owner Phil Ruffin‘s argument for repositioning the pirate place for a mid-market, middle-aged … Continue reading
Posted in Atlantic City, Boyd Gaming, Cirque du Soleil, Dennis Gomes, Donald Trump, Economy, Entertainment, Environment, Hard Rock Hotel, Harrah's, history, Horseracing, Kansas, Macau, Marketing, Massachusetts, Morgans Hotel Group, New York, Pennsylvania, Phil Ruffin, Politics, Problem gambling, Racinos, Regulation, Station Casinos, The Strip, Tilman Fertitta, Tourism, Tribal, Wall Street, Warner Gaming
1 Comment
Steve Wynn, Las Vegas Vegan; Where the Boomer bux have gone
As he will tell anybody who listens, Wynn Resorts CEO Steve Wynn is not only a Las Vegan but a Las Vegas vegan. There’s no zealot like a convert and Wynn (the only casino boss to whom the term “genius” … Continue reading
Posted in Architecture, Cosmopolitan, Dining, Donald Trump, Economy, Encore, Entertainment, Steve Wynn, Tourism, TV, Wall Street
3 Comments
Atlantic City on the mend; Trump: Fish or cut bait?; Mike Ensign’s woes
My apologies for attenuated bloggery today but a swarm of deadlines presses upon me, including coverage of the demise of 104-year-old Huguette Clark, daughter of Sen. William A. Clark, from whom Clark County takes its name. You’ll find a lengthy … Continue reading
Posted in Alex Yemenidjian, Architecture, Atlantic City, Boyd Gaming, Carl Icahn, Charity, CityCenter, Colony Capital, Current, Dan Lee, Dennis Gomes, Donald Trump, Downtown, Economy, Election, Environment, Harrah's, history, Isle of Capri, Marketing, MGM Mirage, Missouri, Penn National, Pinnacle Entertainment, Planet Hollywood, Regulation, Sheldon Adelson, Steve Wynn, The Strip, Tilman Fertitta, Wall Street
4 Comments
Atlantic City: Fertitta in, Trump out; Inside Pokergeddon
Trump Marina became “RUMP Marina” this week (watch the video), as workers began removing vestiges of the Donald J. Trump era from the property. New owner Landry’s Restaurants is wasting no time putting its Golden Nugget imprimatur on the last-place … Continue reading
Posted in Ameristar, Atlantic City, Colony Capital, Cordish Co., Current, Dining, Downtown, Economy, Harrah's, history, Horseracing, Illinois, International, Internet gambling, Isle of Capri, Marketing, Penn National, Regulation, Station Casinos, Steve Wynn, Wall Street
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Quote of the Day
“[Donald] Trump argues that a trade deficit with a country means that American trade with that country is bad for America, that the amount of a trade deficit represents the amount of damage to America. He says that America has … Continue reading
Posted in Atlantic City, Donald Trump, Economy, Marketing, Wall Street
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This won’t play in Vegas; Second wind for Sands
Steve Wynn is singing his “we’re a Chinese company” refrain again. This never goes over well on the home front when he does it and his threat to move corporate HQ to Macao was met with a general chorus of, … Continue reading
Posted in Florida, Harrah's, International, Macau, Massachusetts, Neil Bluhm, Pennsylvania, Racinos, Sheldon Adelson, Steve Wynn, The Strip, Wall Street
4 Comments
A tale of three casinos; Explosive night at Monte Carlo
But first … put this in the ‘Told Ya So’ File. The flim-flam man can now resume his fiduciary duties to Trump Entertainment Resorts and doing what he does best: Making delusional claims about his net worth. Three Vegas casinos … Continue reading
The doctor will see you now
Although stock blogger Frank Curzio seems to be talking out of one of his lower orifices, his musings are too bizarre not to repeat. He floats the notion that Apple is so flush with cash it might entertain some retail … Continue reading
Posted in Economy, Harrah's, International, Lawrence Ho, Melco Crown Entertainment, MGM Mirage, Pansy Ho, Regulation, Sheldon Adelson, Stanley Ho, Steve Wynn, Technology, The Strip, Wall Street
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Johnny Casino, thug; Truce at the Trop; The T-Word
Although the Mob may have left Las Vegas, its strong-arm tactics are still in use. Respected casino architect Paul Steelman found that out when he wouldn’t give a job to John Ensign‘s borderline-illiterate former chief of staff, Doug Hampton. Drunk … Continue reading
Kasich screws casinos; Adelson screws the pooch
Our next-to-worst fears for Ohio have come to pass: Caesars Rock Ohio has temporarily pulled the plug on both its Cincinnati (above) and Cleveland casinos. It’s the latest escalation in a war between developers and state government, which wants to … Continue reading
Trump’d
With his sham presidential “campaign” disintegrating faster than a hydrogen-filled zeppelin, inept casino operator Donald Trump‘s much-hyped Sunday announcement turns out to have been a put-on, too. Trump lackey Michael Cohen is still trying to pump air into the deflating … Continue reading
California bound; M changes hands and style
Yes, MGM Resorts International, Boyd Gaming, Las Vegas Sands, the great state of Illinois and I don’t know who all else have been reporting revenues this week, and Mississippi is under water.. And I’ve not had time to cover any … Continue reading
Posted in Animals, Architecture, Boyd Gaming, California, Current, Dining, Environment, Illinois, M Resort, MGM Mirage, Mississippi, Movies, Penn National, Pets, Steve Wynn, Transportation, Wall Street
2 Comments
The undersea world of Gary Loveman
If you simply must gamble at a Caesars Entertainment casino in Tunica, you’d better bring a boat. Photographer Trey Clark has surveyed the scene and it looks like the damage to Harrah’s Casino Tunica will be especially costly. There go … Continue reading
Posted in Current, Economy, Environment, Harrah's, Mississippi, Wall Street
5 Comments
Trump™: asset or liability?
If you’d like to wager on Donald Trump‘s sham presidential “campaign” and you like long odds Paddy Power is the place for you. It’s taking action on the 2012 presidential race and Trump is now a 33-to-1 shot, along with … Continue reading
Posted in Atlantic City, Colony Capital, Current, Entertainment, history, International, Marketing, Movies, Sports, Steve Wynn, Tilman Fertitta, TV, Wall Street
9 Comments
John Kasich, casino killer
Aw, isn’t this great? After Gov. John Kasich (R-OH) made the ludicrous claim that Ohio voters didn’t know what they were getting into when they approved a casino initiative in 2008, his legislative allies are trying to up the ante. … Continue reading
Posted in Current, Economy, Election, Harrah's, history, Kentucky, Lyle Berman, MGM Mirage, Ohio, Penn National, Politics, Racinos, Regulation, Taxes, The Strip, Tribal, TV, Wall Street
6 Comments
Boyd exits Florida; Mixed messages from the Riv; The revenge of Adelson
Regardless of whether or not resort casinos are voted into law in Florida, one company that won’t be in the running is Boyd Gaming. The firm threw in the towel on the Miami market today. The Sunshine State “no longer … Continue reading
Posted in Boyd Gaming, Colony Capital, Current, Donald Trump, Economy, Entertainment, Florida, Genting, Harrah's, Isle of Capri, M Resort, Macau, Marketing, MGM Mirage, Penn National, Politics, Regulation, Riviera, Sahara, Sheldon Adelson, Singapore, Station Casinos, Steve Wynn, Technology, The Strip, Wall Street
1 Comment
Was Pokergeddon a setup?
In his latest column, “Prohibition Is Not Regulation” (an early draft can be seen here) gaming-law guru I. Nelson Rose rakes the Obama administration for choosing “to ignore the lessons of history and take worst aspects of the choices available.” … Continue reading