-
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 - 56,370 views
- You can’t fix stupid; Good-bad news on the bayou - 56,271 views
- If you can’t beat ’em, cheat ’em; Fun & games - 54,690 views
- Pennsylvania soggy; Epic fail in North Carolina - 55,623 views
- Atlantic City rebounds; Sibella dumped; NFL suspicions - 55,603 views
- Profit vs. investment on the Strip - 1,055,348 views
- Lame nag; Frissora overpaid? - 578,482 views
- The evils of bingo; Wynn’s Aqueduct exit - 90,476 views
- That casino smell - 63,603 views
- Bally’s opens, Chicago yawns; MGM, tree murderers - 58,156 views
- MGM crippled; Illinois & Indiana report; Bally’s shaky in Chi - 57,741 views
- MGM paralyzed; DraftKings debacle; Mount Airy wins - 57,149 views
- MGM limping back; Atlantic City follies; Wall Street Jottings - 56,786 views
Blogroll
Admin.
Category Archives: Wall Street
Adelson in the details
Nearly lost amidst a flurry of news stories about Las Vegas Sands hoping to jump-start construction on its stalled Cotai Strip™ (with the help of new equity partners) was this snippet from Sands' president of Asian affairs, Stephen Weaver. Rents … Continue reading
Posted in Atlantic City, Carl Icahn, Columbia Sussex, Macau, Regulation, Sheldon Adelson, Singapore, Wall Street
Comments Off on Adelson in the details
Hooters vs. Riviera
It's a race to Chapter 11 now, with Riviera Holdings in the lead. Its glandular-themed rival down the street is opting out of an interest payment and drawing down the last of its credit, never a promising sign. However, Riviera … Continue reading
Posted in Colorado, Economy, Harrah's, Riviera, Station Casinos, The Strip, Wall Street
Comments Off on Hooters vs. Riviera
Trop snoozes, loses
Like a hot potato, the Tropicana Las Vegas continues to bounce from Columbia Sussex to Tropicana Entertainment and now maybe into the hands of Alex Yemenidjian. (This management-contract arrangement looks more like laying the groundwork for a sale … if … Continue reading
Posted in Alex Yemenidjian, Architecture, Atlantic City, Columbia Sussex, Current, Economy, Entertainment, Harrah's, Indiana, Marketing, Technology, The Strip, Tropicana Entertainment, Wall Street
Comments Off on Trop snoozes, loses
Casino apocalypse
I'm deeply imbedded in other projects today. In the meantime, by way of In Business Las Vegas and GamingFloor.com (source of yesterday's Harrah's Entertainment time warp, too) here's the answer to the question, "How many casino failures can you pack … Continue reading
Posted in Boyd Gaming, Cannery Casino Resorts, Colony Capital, Cosmopolitan, Current, Economy, Harrah's, Herbst Gaming, James Packer, MGM Mirage, Sheldon Adelson, Station Casinos, Steve Wynn, The Strip, Wall Street
Comments Off on Casino apocalypse
Death, taxes and Station Casinos
It’s all but certain that the unenviable steeplechase to be the first major gaming company to declare bankruptcy in 2009 will be won by … Station Casinos!* (On Tax Day, no less.) None of the company’s three rescue scenarios does … Continue reading
Posted in Boyd Gaming, Donald Trump, Economy, MGM Mirage, Sheldon Adelson, Station Casinos, Steve Wynn, Taxes, Wall Street
Comments Off on Death, taxes and Station Casinos
Case Bets: MGM Mirage, Harrah's, Wynn, Shuffle Master, Taxes
As we wait for the MGM Mirage earnings report, signs of desperation mount. If the company is willing to cast away a pearl like new, costly and high-yielding MGM Grand Detroit, what isn’t sacred? Not even the corporate jet, provided … Continue reading
Posted in Columbia Sussex, Current, Detroit, Economy, Goldman Sachs, Harrah's, Labor, Lake Tahoe, Louisiana, MGM Mirage, Mississippi, Pinnacle Entertainment, Shuffle Master, Steve Wynn, Taxes, Technology, Wall Street
Comments Off on Case Bets: MGM Mirage, Harrah's, Wynn, Shuffle Master, Taxes
Case Bets: Bank shot, Sin City Express
In today's Movable Buffet, Richard Abowitz speculates on the possible evolution (devolution?) of Las Vegas from a boomtown built on junk bonds to critical-care patient who's a ward of the banks. To Abowitz's mention of the bank-owned Cosmopolitan, I would … Continue reading
Posted in Colony Capital, Goldman Sachs, Morgans Hotel Group, Politics, Technology, Wall Street
Comments Off on Case Bets: Bank shot, Sin City Express
Station vs. Boyd III: This time it's personal
You really have to hand it to Station Casinos CEO Frank Fertitta III. This dude has more lives than a cat. Every time you think his luck has run out, he slips the noose yet again. So it was Tuesday. … Continue reading
Posted in Boulder Strip, Boyd Gaming, Colony Capital, Current, Economy, Station Casinos, The Strip, Wall Street
Comments Off on Station vs. Boyd III: This time it's personal
This is your industry on crack
Finally, someone (in this case, Liz Benston) has written the definitive user-friendly analysis of how the casino industry crashed and burned. To try and quote the salient points would require little short of reprinting the entire article (to say nothing … Continue reading
Posted in Boyd Gaming, Colony Capital, Downtown, Economy, Harrah's, Herbst Gaming, Isle of Capri, Louisiana, MGM Mirage, Missouri, Station Casinos, The Strip, Wall Street
Comments Off on This is your industry on crack
Harrah's enjoys bailout
“Critics argue that the tax-law change rewards companies that took on too much leverage during the credit bubble, such as those that were bought by private-equity firms.” Sound like anybody we know? How about Harrah’s Entertainment, which played Russian roulette … Continue reading
Posted in Colony Capital, Economy, Harrah's, James Packer, Macau, Melco Crown Entertainment, MGM Mirage, Politics, Sheldon Adelson, Station Casinos, Taxes, Wall Street
Comments Off on Harrah's enjoys bailout
MGM Mirage: Uh-oh; "Off the box"
Following in the footsteps of Station Casinos and Harrah's Entertainment, now MGM Mirage is drawing its revolver, so to speak, to fund operating expenses. This is never a good sign. Earlier this week we learnt that all of Kirk Kerkorian's … Continue reading
Posted in Cirque du Soleil, Donald Trump, Economy, Fontainebleau, Harrah's, MGM Mirage, Station Casinos, Wall Street
Comments Off on MGM Mirage: Uh-oh; "Off the box"
Boyd vs. Station II
Well, that was a waste of a good hour. Boyd Gaming teased its Thursday morning conference call with intimations that All (or at least Some) Would Be Revealed about its surprise bid for most of the assets of Station Casinos. … Continue reading
Posted in Atlantic City, Boulder Strip, Boyd Gaming, Downtown, Economy, Florida, Harrah's, Indiana, Louisiana, Station Casinos, The Strip, Tribal, Wall Street
Comments Off on Boyd vs. Station II
Gibbons retreats, sorta
Gov. Jim Gibbons has scuttled away from one of his several proposals to jack up taxes on the only segment of Nevada that's carrying its own weight — the casino bidness. He's retreating from a demand that casinos pay taxes … Continue reading
Posted in Atlantic City, Boulder Strip, Boyd Gaming, Colony Capital, Columbia Sussex, Donald Trump, Downtown, Economy, M Resort, Marketing, Mesquite, Movies, Politics, Station Casinos, Taxes, TV, Wall Street
Comments Off on Gibbons retreats, sorta
Trop's agony soon to end?
The bad news is that the New Jersey Casino Control Commission has voted to grant yet another extension on the interminable sale of the Tropicana Atlantic City. The good news that it’s merely been pushed out another month, not the … Continue reading
Posted in Atlantic City, Boulder Strip, Carl Icahn, Columbia Sussex, Donald Trump, Pinnacle Entertainment, Regulation, Tropicana Entertainment, Wall Street
Comments Off on Trop's agony soon to end?
Looking for good news in Vegas
If I wanted to drive myself to strong drink, I could write about depressing, atrocious numbers coming out of Nevada casinos in December. But as that great philosopher, Linus in Peanuts, would remind me, it's better to light a single … Continue reading
Posted in Atlantic City, Boulder Strip, Boyd Gaming, Downtown, Economy, Gary Goett, George Maloof, Harrah's, Laughlin, MGM Mirage, Michael Gaughan, Morgans Hotel Group, Station Casinos, Tamares Group, Texas, The Strip, Tilman Fertitta, Tribal, Wall Street
Comments Off on Looking for good news in Vegas
Missouri: Dough and "D'oh!"
Silly me. I had the Missouri numbers sitting in my "Inbox" all day yesterday and simply overlooked them amidst a typically frenetic day. A big "thank you" though to reader Bob Bradley, who provided the short and long versions (click … Continue reading
Posted in Ameristar, Harrah's, Isle of Capri, Missouri, Penn National, Pinnacle Entertainment, Wall Street
Comments Off on Missouri: Dough and "D'oh!"