“I had such a headache when I left. Two bigger egos there are not.” — Las Vegas Mayor Carolyn Goodman, commenting on ex-Mayor Oscar Goodman and former casino mogul Donald Trump, who once debated a potential Trump development for downtown Vegas.
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striking Unite-Here Local 54. ““I would never have thought Carl Icahn was so one-dimensional … For a few million bucks, he could have had labor peace and a content workforce,” Local 54 President Robert McDevitt said, “but instead he’d rather slam the door shut on these long-term workers just to punish them and attempt to break their strike.There was no element of trying to reach an agreement here on Icahn’s part; it was always ‘my way or the highway’ from the beginning with Icahn.” In a written statement, Tropicana Entertainment CEO Anthony Rodio fired back, writing, “Our directors cannot just allow the Taj to continue burning through tens of millions of dollars when the Union has single-handedly blocked any path to profitability.” Rodio added that Tropicana “has lost almost $100 million trying to save the Taj when no other party, including the prior equity owners who put it into its recent bankruptcy, was willing to invest even one dollar to save it. Currently the Taj is losing multimillions a month, and now with this strike, we see no path to profitability.”
City. It even still has its original vault. New owner Joe DeSimone Jr. is marking its anniversary not with words but deeds,
against a Taunton casino project, siding with the contention of a group of Massachusetts property owners that the Interior Department
in the Diet, apparently freeing his Liberal Democratic Party from its dependance on the anti-gambling Komeito Party, which had doomed one casino initiative after another. Given the
winnings were up 10% ($253 million) on only 1% higher coin-in. Luck was really with the house at baccarat, where revenue vaulted 32% despite 12% less money wagered. Baccarat play remains in a 13-month swoon but results like June can keep casino moguls whistling past the graveyard. Other table games saw 9% less money dropped on the felt but Las Vegas Strip casinos eked out a 1% increase, to $159 million. For a change, the Strip heated up more than locals markets, where revenues rose 3%, to $183 million. Players beat the house, winning 9% more on 3% increase in wagers.
ruling by state Attorney General Maura Healey, a ballot question here and a ballot question there, and voters could put additional casinos pretty much anywhere they want. OK, it’s not quite that easy. The Massachusetts Gaming Commission gets to weigh in on the constitutionality of the casino-to-be and, in this case, Revere has to be persuaded to give the project its blessing. But don’t count out developer and international man of mystery Eugene McCain.
quarter. M Resort hit a record level in that department and Greff reported continuing improvement at the Trop, all this despite “economic and political uncertainty that is weighing on discretionary spend.” Penn management also noted positive results from a tweaked casino floor and new marketing strategy at Plainridge. At the Trop, room revenues are up 6.5% and volume of slot play has increased 30% (although some of the latter could reflect a winnowed-out slot inventory). Penn continues to wean the old gal off online travel agencies, getting OTA room nights down to 36% from 52% a year ago. It credits 10,000 room nights in May and June to incorporation of the Marquee Rewards loyalty program. As for the oft-mooted Phase II, customer feedback has Penn looking at investing in more non-gaming amenities rather than adding hotel rooms.
“Of all God’s creatures, there is only one that cannot be made slave of the leash. That one is the cat.” — Mark Twain
Players Alliance, which lobbied for the change of heart. This doesn’t mean the GOP is about to embrace Internet gambling. But if it reframes the i-gaming debate as a state-level issue … that’s where it should have been all along. However, you will pardon us if we enjoy the egg on the faces of Sheldon Adelson, sugar daddy of the GOP, and Indiana Gov. Mike Pence (R),
shares such numbers. Smokers only had to drive an extra 11 miles to play at nicotine-friendly Twin River Casino, in Rhode Island, which is only 5% off last year’s revenue pace. Ditto table-game players. So those were two constituencies with whom Plainridge was bound to disappoint. However,
acknowledgement of its latest victory
lost the backing of Penn National Gaming, which has racino interests nearby in Ohio. What seems to have shot down Endeka Entertainment was a lack of financing. It proposed to execute a $500 million-size project on $205 million, a number that shrank to $145 million once licensing fees were subtracted. This is the second major defeat for Joseph “Tomato King” Procacci, the hapless vegetable mogul who tried and failed to get a Philadelphia casino, too. The Lawrence County site also seems to have been hexed, having been through a revolving door of developers, of whom Procacci was the sixth to date. The news comes as Pennsylvania hits a new high in casino revenues — $3.2 billion for the last fiscal year — providing a huge revenue stream to the state … albeit not enough for
bet and asked for the money so he could give it to charity, Straub claimed there was no bet and he was keeping the 100 dimes for himself. Now he’s scrapping with Blatstein over the latter’s plans to redevelop Garden Pier, which just seems like sour grapes. Blatstein has crossed all the t’s and dotted all the i’s in dealing with Atlantic City bureaucracy. Straub, by contrast, seems illiterate. And, yes, there’s still not even hint of a new reopening date for Revel, let alone the much-ballyhooed new name. Rival casino owners shouldn’t be worried because we don’t think Straub can throw up a serious challenge, even if he ever gets Revel back on its feet. We’ll say this for Donald Trump‘s legacy:
outperformed the competition, up 11%. Hardest hit were the Caesars Entertainment properties, with usually reliable Horseshoe Bossier City plunging 16% ($14 million) and Louisiana Downs 9% off the pace, at $3 million. Eldorado Shreveport also had an aberrantly bad month, down 8% and grossing $10 million. Except for Sam’s Town (-1%, $6 million, above), all other casinos were essentially flat for June. In fact, Boyd Gaming had a rough month of it across the market. Delta Downs was down indeed (-5.5%, $14 million), Amelia Belle swooned 7% ($4 million, below) and Evangeline Downs was 6% off, to $7 million. Only old reliable, Treasure Chest, had a good month. It grossed $9 million, a 3% gain.