“The Lucky Dragon is a joke, went in there a couple weeks ago, 
and it was deader than an off strip Wednesday graveyard shirt [sic]. All the tables did not even have chip trays in them. I think there was only 3 players on all the table games, total. Would like to see someone buy it and turn it into a piece of LV legacy. Build not what you want, but rather what the people want.” — Facebook comment on Las Vegas‘ first China-themed casino.
billion completion cost, Clark County Commissioner Chris Giunchigliani thinks Witkoff will continue to position F-blue as a high-end property. Never mind its proximity to the Las Vegas Convention Center. Where Witkoff will find well-heeled customers to fill 2,800 hotel rooms and 1,200 condo units (an insane idea) on a distressed part of the Strip is a question that is simply begged. And if Witkoff’s still planning on selling condos, that’s cause for despair. “The new owners definitely plan on keeping it as a casino and high-end hotel. They did their due diligence, and (the building is) very structurally sound,” said Chris G.
square floors no bigger than 15,000 square feet. Limitations like these, as well as the fear of casino-entry taxes are causing some trepidation among casino developers. Sheldon Adelson takes umbrage at the size restriction in particular, 
“I know that he always wanted to be referred to as mayor because of his love for the city. Our leaders today have to follow Jim’s way and take risks. He made things better for the residents of Atlantic City and South Jersey.” — former Pennsylvania Gov. Ed Rendell (D), speaking of late Atlantic City mayor and state Sen. James Whelan (D), 
weight of Trump Taj Mahal. Gaming revenues were up 3.5% on the Boardwalk last month but add the Taj to the mix and they were almost 3%. Internet gambling ($21 million) was gangbusters, up 32.5%. Slot handle, hold and revenue were all flat, at $166 million for the month, while a 1.5% slippage in table game wagering translated into an 8.5% drop in revenue, to $55 million. Borgata grossed $70.5 million, a 7.5% increase, with table revenue up almost 15% ($21 million) and slots gaining 5% on a corresponding increase in coin-in.
upbeat tone and positive commentary on Reno trends … and long-term plan to continue growing the company through accretive acquisitions,” mainly from “distressed funds” and illogical casino owners, Greff wrote. Job One is to optimize revenue in Reno, Black Hawk and Indiana to make up for flat performance by Isle of Capri-branded properties. Hurricanes Harvey and Irma have negatively impacted revenue performance at Isle Pompano and the Isle-branded Lake Charles riverboat that is being spun off to a tribal buyer.
casinos are at a bit of a loss, and they’re trying kind of what they see working elsewhere and are hoping they will work in their establishment … To [MGM Grand‘s] credit, they keep trying. They’re trying new things. They’ve got the virtual reality now. They’ve got a golf game that is kind of a 3-D, interactive golf game. They’re trying a lot of different things, but nothing has quite clicked yet.”
downtown Manhattan, and it was actually, before the World Trade Center, was the tallest—and then, when they built the World Trade Center, it became known as the second-tallest. And now it’s the tallest.” — Donald Trump, promoting his own real estate, in characteristic fashion, 
interview with Nikkei Asian Review, 
trepidation. Perhaps it is the vampiric rise of slot routes in Illinois, but the northern tier of Indiana casinos were almost all down last month. The lone gainer ($33 million) was Horseshoe Hammond, up 1%. Ameristar East Chicago ($17 million) took a 3.5% hit while Blue Chip was off a percentage point, at $13 million, while the Majestic Star boats were down 1% and 2% respectively.
just fine. Last month Penn National Gaming‘s Hollywood Perryville was up 5% ($6 million), while Golden Entertainment‘s Rocky Gap Resort ascended 6% ($5 million) and Ocean Downs racino jumped 12% to $7 million. Things were not so rosy for Maryland Live, which grossed $45 million but fell 20% — worse than Cordish Gaming executives had predicted. (They thought it would be somewhere in the 15% range.) Horseshoe Baltimore did even worse, falling 21% and grossing $22 million.
which will undoubtedly take a narrow view in weighing the constitutionality of the Bradley Act. For instance, “earlier this year, Americans bet an estimated $15 billion on the Super Bowl and NCAA Men’s Basketball Tournament alone, and 97% of those bets were made illegally.” That dog won’t hunt with SCOTUS, nor will citing public opinion polls that favor legalized sports betting. More to the point is the brief’s “PASPA has thus had the perverse effect of pushing an enormous market underground by way of federal decree while stamping out state and local efforts to 
out, there’s a dark-horse developer 
cash flow 
That figure is so dazzling I had to run the calculation twice before I believed it. We’ve not seen prices on the Las Vegas Strip this giddy since the go-go period of 10 years ago. By contrast, Genting paid $4 million an acre for Echelon, which may be why the multinational feels it can take its own sweet time to recoup the investment. By contrast, Witkoff is in so deep he may be forced to monetize his shiny, new object as quickly as possible. (Which wouldn’t be bad for the Strip.) No wonder the official announcement of the F-blew purchase struck such a defensive posture: 
hoppers. But, if so, what’s the Strip’s excuse for not doing better? Las Vegas visitation was down only 1%, after all. Room rates and revenues were up, despite a tough comparison, Conventioneers -
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