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- David McKee on Sibella scandal spreads; Supremes forestall Seminoles
- Ray Lebowski on Sibella scandal spreads; Supremes forestall Seminoles
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Category Archives: Wall Street
Nazarian totally busted …
… by Chuck Monster, who’s learned that SBE Entertainment‘s deal with MGM Resorts International includes dumping the Club Sahara loyalty program database into the lion’s “low roller walled garden,” Circus Circus Players Club. Which is pretty much what S&G expected … Continue reading
Losee Station bites the dust
We’re just past two years to the day when S&G predicted, “Good luck finding any takers” at $39.5 million for the old Castaways site. Even now, at a priced-to-move $8.3 million ($414K/acre), it’s not budging. The site’s threefold curse is, … Continue reading
Posted in Boulder Strip, Boyd Gaming, Current, Economy, Gary Goett, Station Casinos, Wall Street
2 Comments
Austerity, MGM style; Only in Nevada
Despite a decidedly underwhelming financial performance in 2009, MGM Resorts International CEO Jim Murren managed to take home $13.75 million in overall compensation. Last year, he had to make ends meet on $9.8 million. Snarkiness aside, this actually shows that … Continue reading
Meet $2 Million Mike; The Big Easier
Casino podcasts (MGM Resorts International‘s in particular) have been razzed in the past for a lack of content. No such gripes about Las Vegas Sands‘ latest offering, 10 minutes in the company of COO Michael Leven (who derives his nickname … Continue reading
The Flim-Flam Man
If anything salutary emerges from Donald Trump‘s “cynical branding exercise,” it’s that it may finally expose an epic “scam” once and for all. I refer, of course, to the Trump-generated myth that he is a successful casino operator. True, he … Continue reading
Posted in Atlantic City, California, Charity, Cretins, Current, Donald Trump, Economy, Election, Indiana, Marketing, TV, Wall Street
6 Comments
‘Pokergeddon’ as it happens
Today’s Department of Justice/FBI surprise attack on PokerStars, Absolute Poker and Full Tilt Poker is a story that’s moving so fast that there’s scarcely time to mull or comment upon it. Almost nobody saw this coming, although Nathan Vardi of … Continue reading
Posted in Baseball, Current, Harrah's, International, Internet gambling, Politics, Regulation, Steve Wynn, The Strip, Wall Street
3 Comments
Fire sale in Vicksburg; Win or loss for Gettysburg?
Update: An earlier version contained a gross error/AARP moment on Yr. Humble Blogger’s part. I have amended the story so that it contains greater “factiness.” Also, fellow Canadian firm Gateway Casinos is the likely operator-to-be. In a curt announcement, Tropicana … Continue reading
Low-rolling at Aria; MGM ups China ante; That doggone Desert Xpress
A SoCal-based player kindly shared this image from the latest Aria/M life offer: My friend ran an experienced eye over the chips on the rail and concluded that it “must be the lowest-minimum craps table Aria has ever seen,” as … Continue reading
Posted in Atlantic City, California, Cantor Gaming, CityCenter, Current, Harry Reid, Lawrence Ho, Macau, Marketing, Melco Crown Entertainment, MGM Mirage, Movies, Pansy Ho, Problem gambling, Regulation, Stanley Ho, Technology, The Strip, Transportation, Wall Street
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At the winner is … Isle of Capri; Big shakedown in Ohio
That ongoing Isle of Capri Casinos Comeback Tour comes to Nemacolin Woodlands Resort, which won Pennsylvania‘s final “resort casino” license earlier today. Situated in the greater Pittsburgh area, the rural getaway is owned by lumber tycoon (and “george” political donor) … Continue reading
Posted in Economy, Election, Harrah's, Isle of Capri, M Resort, Maryland, Ohio, Penn National, Pennsylvania, Politics, Racinos, Regulation, Taxes, TV, Wall Street, West Virginia
6 Comments
Let’s do the Time Warp
Hallucinations are not considered a symptom of fibromyalgia but I sure thought I was seeing things yesterday when noon-hour TV newscasts led with Union Village. Somebody obviously thinks it’s still 2007, as they’re proposing a $1.5 billion, 171-acre hospital-cum-retirement-community complex … Continue reading
Posted in Boulder Strip, Current, Economy, Harrah's, Lake Tahoe, Station Casinos, Steve Wynn, Tourism, TV, Wall Street
1 Comment
As Steve Wynn said …
… you have to admire Donald Trump because it’s not easy to go bankrupt when you own three casinos. The years! The billions! The hairdos! His current ego-gratification tour is taking him to Arizona. I dare him to come on … Continue reading
Posted in Atlantic City, Current, Donald Trump, Economy, Election, Steve Wynn, The Strip, Wall Street
3 Comments
The North Strip Story and Salvation Plan
Guest blogger Jeff in OKC returns, his previous dispatch on Downtown’s Western Casino having proven a smash hit; its fans included Western manager Anthony Santo himself. During his latest visit, he concentrated upon the north end of the Las Vegas … Continue reading
Making life easier, Deutsche Bank-style
As I posted yesterday, Deutsche Bank has decided to simply waive $756 million it owes … well, basically to itself for building The Cosmopolitan of Las Vegas, reducing the tab (on paper) from $4.1 billion to $3.3 billion. Wouldn’t our … Continue reading
Posted in Cosmopolitan, Current, Harrah's, Wall Street
1 Comment
Florida rejects Adelson; Mixed signals from Cosmo; Station’s quixotic quest
It’s all over — until 2012, anyway — for Sheldon Adelson‘s heavy-handed push to ram a set of “destination resorts” through the Florida Legislature. A poison-pill amendment, attached at the behest of parimutuels, would let existing slot houses go to … Continue reading
Posted in Boulder Strip, CityCenter, Cosmopolitan, Current, Economy, Entertainment, Florida, International, Macau, North Las Vegas, Politics, Racinos, Regulation, Sheldon Adelson, Station Casinos, Steve Wynn, The Strip, Tourism, Tribal, Wall Street
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Woe on the North Strip
Owners of the Riviera and the Las Vegas Hilton published their respective annual reports and it wasn’t a good day for the north end of the Strip, where bargain-priced casinos fight a holding action against the market forces of the … Continue reading
Posted in Colony Capital, Colorado, Current, Economy, Goldman Sachs, International, MGM Mirage, Ohio, Riviera, Sahara, Sheldon Adelson, The Strip, Tourism, Wall Street
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Wynn makes the hit parade
For sanity’s sake, let’s turn from a buffoon (Donald Trump) to a serious individual. Namely, Steve Wynn, who’s been named to Barrons‘ list of the world’s 30 best CEOs. He’s up there surrounded by the likes of Warren Buffett, Jeff … Continue reading
Posted in CityCenter, Current, Genting, International, Internet gambling, Macau, MGM Mirage, Regulation, Sheldon Adelson, Singapore, Steve Wynn, Wall Street
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Caesars steals Riv’s thunder; Trouble in Adelsonia
Obviously, the headline from today will be approval by the Nevada Gaming Commission of a partnership between Caesars Entertainment and Israeli-owned, Gibraltar-based 888 Holdings. Since it is simultaneously getting permission to shack up with Internet casino operator 888 and opposing … Continue reading
Posted in California, Downtown, Election, Florida, Harry Reid, Hawaii, International, Internet gambling, Iowa, Macau, Marketing, MGM Mirage, Midnight Jim Gibbons, Oscar Goodman, Politics, Regulation, Riviera, Sheldon Adelson, Sports, Tamares Group, Wall Street
Comments Off on Caesars steals Riv’s thunder; Trouble in Adelsonia
Gimme, Gimme, Gimme
… some money after midnight: Evidently it’s not enough that gaming revenues and other casino-related retail taxes underwrite the State of Nevada. Lawmakers would extend a grubby mitt into the casino kitty and scoop up any unclaimed moolah. “[W]hy does … Continue reading
Posted in ABBA, Cretins, Current, Donald Trump, Economy, Election, Horseracing, Louisiana, Ohio, Penn National, Pinnacle Entertainment, Politics, Racinos, Texas, TV, Wall Street
Comments Off on Gimme, Gimme, Gimme
Packer packs it in; Lights out at Resorts A.C.
James Packer‘s had enough of the U.S. casino market. While not definitively ruling out a return to the American gaming industry, the minority owner of Cannery Casino Resorts makes it clear that he’s neither the stomach nor the lucre for … Continue reading