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- 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
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- MGM crippled; Illinois & Indiana report; Bally’s shaky in Chi
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- Bally’s opens, Chicago yawns; MGM, tree murderers
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- 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
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- You can’t fix stupid; Good-bad news on the bayou - 56,270 views
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- Atlantic City rebounds; Sibella dumped; NFL suspicions - 55,602 views
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- That casino smell - 63,603 views
- Bally’s opens, Chicago yawns; MGM, tree murderers - 58,154 views
- MGM crippled; Illinois & Indiana report; Bally’s shaky in Chi - 57,740 views
- MGM paralyzed; DraftKings debacle; Mount Airy wins - 57,148 views
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Category Archives: Wall Street
Moulin Rouge: Whoops!
The Moulin Rouge development that will never be. Oh dear, oh dear. Seems like the City of Las Vegas unwittingly obstructed its own arson probe into the demise of the Moulin Rouge when it allowed the property to be immediately … Continue reading
Posted in Animals, Architecture, Australia, Current, Downtown, Fontainebleau, International, James Packer, Lawrence Ho, Macau, Melco Crown Entertainment, Pets, Sheldon Adelson, Steve Wynn, The Strip, Wall Street
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S&M at Station
Bondholders of Station Casinos must have an infinite capacity for suffering. Either that or CEO Frank Fertitta III is such a virtuosic Pied Piper that they'll follow him anywhere. It's difficult to rationally explain why they're letting a superior offer … Continue reading
Posted in Boyd Gaming, Colony Capital, Massachusetts, Station Casinos, TV, Wall Street
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Macao” rises again?
Block out the shopworn, mostly useless generalities coming from Las Vegas Sands and groove to Macao's scintillating casinos, recoil from its thick blanket of smog, and take some heart from Credit Suisse's prediction of an upturn in VIP play in … Continue reading
Posted in Architecture, Economy, Environment, James Packer, Lawrence Ho, Macau, Melco Crown Entertainment, Sheldon Adelson, TV, Wall Street
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Loveman in denial
Harrah’s Entertainment CEO Gary Loveman continues his media-availability tour. In today’s installment, he grants an audience to the Las Vegas Business Press and insists that not only is everything as right as rain at Harrah’s but that the LBO he … Continue reading
Posted in Downtown, Economy, Entertainment, Harrah's, Riviera, Technology, Tilman Fertitta, Wall Street, WMS Industries
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Case Bets: Packer & Ho, Sands Bethlehem, MGM Mirage, Ameristar, Penn, Harrah's, etc.
• Smashing guitars — but not over each other’s noggins — James Packer and Lawrence Ho christened City of Dreams. The younger Ho downplayed expectations of foot traffic, saying his $2.4 billion megaresort could get by on far fewer visitors … Continue reading
Posted in Ameristar, Cordish Co., Current, Detroit, Economy, Election, Harrah's, Horseracing, Iowa, James Packer, Lawrence Ho, Macau, Maryland, Melco Crown Entertainment, MGM Mirage, Penn National, Pennsylvania, Regulation, Sheldon Adelson, Wall Street
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Reid rewarded, Trop rescued
… Sen. Harry Reid's (D-NV) efforts on behalf of the casino industry have not gone unrewarded. If you can follow this formatting garble, you'll see that his donors include not only Tim & Tom, late of the Golden Nugget, but … Continue reading
Posted in Alex Yemenidjian, Current, Economy, Election, Harrah's, Macau, MGM Mirage, Politics, Regulation, Sheldon Adelson, Station Casinos, The Strip, Tropicana Entertainment, Wall Street
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The MGM/Pansy Ho verdict: It's in and it's bad
After nearly four years of investigation, the New Jersey Division of Gaming Enforcement has released its long-awaited “suitability” findings on MGM Mirage joint-venture partner Pansy Ho. As MGM itself reported to the SEC yesterday, “While the report itself is confidential, … Continue reading
Posted in Atlantic City, Boyd Gaming, Columbia Sussex, Cosmopolitan, Current, Fontainebleau, Harrah's, Macau, MGM Mirage, Planet Hollywood, Regulation, Stanley Ho, The Strip, Tropicana Entertainment, Wall Street
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"Another one bites the dust"
That’s how a reader informed me of Las Vegas-based Golden Gaming‘s decision to bail on Wyandotte County in Kansas. Considering that you’ve got Harrah’s Entertainment, Ameristar Casinos, etc. firmly entrenched across the state line in Kansas City, Mo., and Isle … Continue reading
Posted in Ameristar, Boyd Gaming, Cordish Co., Current, Economy, Golden Gaming, Harrah's, Isle of Capri, Kansas, Penn National, Regulation, Station Casinos, Wall Street
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F'blown?
Ownership at Fontainebleau is alleging heinous doings by Deutsche Bank to subvert F'bleau (which gives every indication of being destined to fail without external assistance). Supposedly, Deutsche Bank was confabulating with a consortium of 10 other banks to shove F'bleau … Continue reading
Posted in Cosmopolitan, Economy, Fontainebleau, MGM Mirage, The Strip, Wall Street
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F'blown?
Ownership at Fontainebleau is alleging heinous doings by Deutsche Bank to subvert F'bleau (which gives every indication of being destined to fail without external assistance). Supposedly, Deutsche Bank was confabulating with a consortium of 10 other banks to shove F'bleau … Continue reading
Posted in Cosmopolitan, Economy, Fontainebleau, MGM Mirage, The Strip, Wall Street
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Case Bets: Isle exits U.K.; no room at the Trop; Carlino channels Astaire, etc.
Isle of Capri Casinos is coming up for air, literally extricating itself from underneath Ricoh Stadium in Coventry, U.K. As part of CEO James Perry‘s attempt to refocus a company that spread itself too thin under his predecessor, he’s walking … Continue reading
Posted in Atlantic City, California, Colony Capital, Columbia Sussex, Current, Detroit, Economy, Florida, Goldman Sachs, Illinois, International, Isle of Capri, MGM Mirage, Penn National, Regulation, The Strip, Tropicana Entertainment, Wall Street
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Updates: Pinnacle, Boyd, Foxwoods, Donald Trump & Criss Angel
Don’t wait by the phone if you’ve got a date with Pinnacle Entertainment. It has just pushed back the timelines on its Baton Rouge and Lake Charles projects by five months. It cited investor reluctance and warned more delays are … Continue reading
Posted in Cirque du Soleil, Current, Donald Trump, Entertainment, Louisiana, Morgans Hotel Group, Penn National, Phil Ruffin, Pinnacle Entertainment, Planet Hollywood, The Strip, Tribal, Wall Street
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Icahn vs. Kerkorian III
Former Stratosphere owner Carl Icahn says it's nothing personal, just business. This is reposted here because, among other reasons, the version embedded by the Las Vegas Review-Journal plays only in an extremely constipated manner. Here's hoping we do better.Best moment: … Continue reading
Posted in Carl Icahn, MGM Mirage, Wall Street
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Exit, pursued by a bear market
Aside from the occasional murmur by Wynn Las Vegas prexy Andrew Pascal, executives at Wynn Resorts keep a low (read: invisible) profile. Even the most assiduous follower of the casino industry would have trouble naming Wynn’s CFO off the cuff. … Continue reading
Posted in Atlantic City, Boyd Gaming, Economy, Encore, Harrah's, IGT, Illinois, Macau, MGM Mirage, Pinnacle Entertainment, Sheldon Adelson, Steve Wynn, The Strip, Wall Street
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Icahn vs. Kerkorian II; Ho hearts Adelson
Yesterday saw some intemperate spluttering in newspaper comment threads, along the lines “How dare the Wall Street Journal report the news? It might damage stock prices!” (One hothead even bruited the possibility of a libel suit.) All of which was … Continue reading
Posted in Carl Icahn, Economy, Lawrence Ho, Macau, Melco Crown Entertainment, MGM Mirage, Sheldon Adelson, Stanley Ho, Steve Wynn, Wall Street
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Icahn vs. Kerkorian
According to a brief item in the Wall Street Journal, former Stratosphere owner Carl Icahn and investment fund Oaktree Capital Management are putting the squeeze on MGM Mirage and its majority shareholder Kirk Kerkorian. Quoth the WSJ, Icahn and Oaktree … Continue reading
Posted in Carl Icahn, MGM Mirage, Wall Street
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A delicate balance
Another day, a little more movement in the CityCenter situation. Well, it's that or talk about tourism and gaming revenue numbers that are too depressing to contemplate for long. Time was that the American banking industry was practically giving away … Continue reading
Posted in Colony Capital, Current, Detroit, Economy, James Packer, M Resort, MGM Mirage, Penn National, Station Casinos, The Strip, Wall Street
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MGM Mirage sells family jewels
Desperation has well and truly hit the fan at MGM Mirage. The company’s Strip casinos may not be priced to move … but it’s said to be quite a different story where MGM Grand Detroit and Beau Rivage are concerned. … Continue reading
Posted in Atlantic City, Colony Capital, Current, Detroit, Economy, Illinois, James Packer, Macau, MGM Mirage, Phil Ruffin, Sheldon Adelson, Stanley Ho, The Strip, Wall Street
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