“Baz” in my bonnet; Moulin Rouge back in play

Palazzo is currently hosting the second coming of Baz: Star-Crossed Love, a song-and-dance mishmash of iconic moments from such Baz Luhrmann epics as Gatsby, Moulin Rouge and Romeo + Juliet. (What, nothing from Australia? Awwwww.) There’s even a baz-picpassing nod to his first — and still best — movie, Strictly Ballroom. The good news is that Baz plays better in the reconfigured Palazzo Showroom than it did when shoehorned into Light at Mandalay Bay. The bad news is that it’s afflicted with the same heartlessness and ADHD mania as the movies themselves. For Baz’s new iteration, the showroom has been reconfigured with a multi-pronged catwalk that goes into and around the audience. More’s the pity that it’s used without much imagination. An overworked trope has one star-crossed lover, far upstage, addressing another who’s way out in the center aisle. They’re then brought together, with a long, white sheet usually involved. Another much-abused device is to have scenes from two different stories playing out simultaneously. Don’t go in expecting a linear experience.

There are are one or two standout performances, especially from  Continue reading

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Lean June in Atlantic City; Respect for the riff raff

Just when it should have been booming with the summer season, Atlantic City casino revenue fell 4% — $197.5 million — although online casino revenues rose 41% (to $16 Resorts ACmillion). Resorts Digital — aka PokerStars — is still bringing up the rear, but it’s closing the gap, having raised its market share to 16.5% (Caesars Interactive has 18.5% and Borgata leads the market with 23%.) Luck magnified table and slot revenues at Borgata. Table play was 7% down and revenues dropped 12%. Slot handle rose 1% and casino winnings were up 4%. The megaresort grossed $56 million for a 1% decline.

Other operators would like to have that problem. Their slot and table declines were indicative of 7% less table play and 3% less coin-in at Continue reading

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Israel moves toward casinos; West Virginia mulls ‘Net betting

We’ve been surprised that Sheldon Adelson isn’t overtly pushing for casinos in Israel, especially upon reading that the city of Eilat “smells and feels a little bit like a very small version of Vegas.” It’s well away from the rest of Israel and exempt from the country’s value-added tax system. But, although pro-casino sentiment has been on the upswing in the Holy Land, obstacles abound. For one thing, a tourists-only casino or four might not only be hard-pressed to make ends meet, many Israels hold two passports, so verifying their nationality could be “an absolute nightmare” according to one consultant.

“The Israeli Prime Minister, Mr. Netanyahu, recently said to a source on our behalf that he desires to recreate Las Vegas in Eilat … we believe that for the first time in the history of Israel there is some actual hope for it,” said attorney Tal Itzhak Ron. Concedes Marcon Consulting Group CEO Peter Marcus, “Israel is a dichotomy because Continue reading

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Poker hands across the ocean; New offer in Caesars bankruptcy

Spurning Nevada and Delaware, the state of New Jersey is exploring an online-poker compact with the United Kingdom. The deal, if consummated, would allow the two entities New Jersey flagto share players and liquidity. “Even when you discount children and non-gamblers, it gives us access to a market that is very familiar with online gaming. That number is one-fifth of the total U.S. population,” said Division of Gaming Enforcement Director David Rebuck. Online casino games would be foreseeable but sports betting is out of court. However, not all New Jersey i-casino operators — who include GVC and 888.com (the latter is the only operator in the Nevada/Delaware compact) — offer online poker and you’re registered with one of those platforms you’re SOL.

According to Rebuck, “We’d still have to figure out lots of issues: specific regulations, how the tax rate from each jurisdiction would be applied, player ID and geolocation issues, and other things we Continue reading

Posted in Atlantic City, Glenn Straub, Harrah's, International, Internet gambling, Iowa, MGM Mirage, Regulation, Revel, Technology, The Strip, Transportation, Warner Gaming | Comments Off on Poker hands across the ocean; New offer in Caesars bankruptcy

Casinos invest in Illinois slot routes; More turmoil in Adelsonia; MGM takes proxy war to Capitol Hill

After having spent four years being clobbered by slot routes (the installed slot base has reached 23,406 machines), Illinois casinos have decided they’d rather switch than fight. Neil BluhmInvestors in Rivers Casino have purchased a stake in lead operator Acel Entertainment Gaming, although Rivers owner Neil Bluhm (right) is a slot-route opponent. (Unlike his dad, Andrew Bluhm took a flyer into slot-route investment, although it apparently isn’t going so well for him.) The news comes after Penn National Gaming bought out Prairie State Gaming and another route operator, Gaming & Entertainment Management, was swooped up by Jumer’s Rock Island Casino. Traditional gaming houses “see another revenue source out there and see a way to hedge their bets on the future. If you have a regional casino and you feel video gaming is eating your lunch, then you have the ability to be a part of it,” said Illinois Gaming Machine Operators President Michael Gelatka.

Slot-route locations, which are limited to five machines apiece, still succeeded in Continue reading

Posted in Atlantic City, Foxwoods, Glenn Straub, Illinois, MGM Mirage, Mohegan Sun, Neil Bluhm, New York, Penn National, Politics, Revel, Sheldon Adelson, Slot routes, Vietnam | Comments Off on Casinos invest in Illinois slot routes; More turmoil in Adelsonia; MGM takes proxy war to Capitol Hill

Happy ending for casino site; DFS not out of the woods in New York

There’s a happy ending to the saga of Bavarian Brewery, which had been purchased by Columbia Sussex a decade back in hopes that it would be Kentucky‘s first casino. The building has lain fallow ever since and ColSux has gone to board after board, court after BavarianBrewingcourt, seeking permission to tear the antique brewery down. Its odds of prevailing got consistently worse but it found a win-win solution to its problem, selling the Bavarian Brewery to Kenton County, which will use it as office space. “In regards to the physical structure of the old Bavarian Brewery itself, we will make every effort to incorporate it into the planning for the new county administration building. We’ll learn a lot more in the months to come, but I’m confident that the old tower at the Bavarian Brewery will remain an iconic structure in Covington and Kenton County for many, many years to come,” said County Judge Kris Knochelmann. The county will tear down parts of the building to make room for new infrastructure, but will strive to preserve its medieval-looking façade.

ColSux takes a bit of a bath on the deal, pocketing $4.5 million for a structure that cost it Continue reading

Posted in Architecture, Boyd Gaming, Columbia Sussex, Geoff Freeman, GLPI, Harrah's, Illinois, Internet gambling, Kentucky, Law enforcement, Massachusetts, MGM Mirage, Neil Bluhm, New York, Penn National, Sports | Comments Off on Happy ending for casino site; DFS not out of the woods in New York

Shifty speculation in Massachusetts; Hoosiers spend more

Two Boston-area mayors are digging in against a slot parlor proposed for Revere. New Revere Mayor Brian Arrigo and Somerville Mayor Joseph Curtatone (below) have both Curtatonevoiced opposition to the project, which would be near Suffolk Downs (the ballot question is worded in such a way that no other site in the state would be eligible). Wannabe casino owner Eugene McCain has spent at least $6.5 million snapping up land near the racetrack. “I am making offers on many properties, but this is not something I can presently address as these are private discussions and contingent transactions,” McCain told the Boston Globe from his hideout in Thailand. McCain has good reason to keep a low profile, since his colleagues include a convicted felon — something you think would get his project nixed by the Massachusetts Gaming Commission outright.

McCain claims to have an (unnamed) gaming operator lined up and a hotel deal with Accor-Novotel. His stated aim is Continue reading

Posted in Boyd Gaming, Full House Resorts, Harrah's, Horseracing, Law enforcement, Majestic Star, Massachusetts, Neil Bluhm, Penn National, Pennsylvania, Pinnacle Entertainment, Racinos, Regulation, Steve Wynn, Taxes, Tropicana Entertainment | Comments Off on Shifty speculation in Massachusetts; Hoosiers spend more

Station trumps stadium selection

Station Casinos has vaulted to the forefront of the parties vying to host an NFL-size stadium on their property. While Station’s vast real estate bank has long been viewed as www-picthe ace up its sleeve, the company has had difficulty cashing in on its value — until now. Forget Viva, forget the mixed-use development Station recently previewed for Wall Street. No, the Wild Wild West site, which comes with 100 acres of overdue-for-redevelopment real estate is suddenly a prime contender for a stadium — as is a parking lot northwest of the Thomas & Mack Center (which still might be too close to McCarran International Airport for the FAA‘s comfort). The presumptive favorite site, Trop 42, next door to McCarran, crashed and burned last week when Southwest Airlines raised objections and threatened to reduce flights into Vegas. (And if you’re Las Vegas, you don’t want to get on the wrong side of Southwest Airlines.) Already, passenger loads into McCarran were likely to be reduced due to Trop 42’s proximity to the north-south runways.

The Riviera site remains in contention, but seems to be fading Continue reading

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Icahn leaves Taj workers nostalgic for Trump; Megaresort proposed for NYC

You can measure the acrimony between Unite-Here Local 54 and Tropicana Entertainment by the fact that striking workers at Trump Taj Mahal are using Donald Trump as a stick with which to beat Carl Icahn. By astutely negotiating a pact with workers Trump facein 2004, Trump-owned casinos prospered while the rest of the market weathered a month-long strike. In fact, a picket line hasn’t been seen in front of a Trump-branded property since the last century. Said cocktail waitress Valerie McMorris, “We always had a contract. He never took away our health care, our pension, our wage break. In that regard, I feel he always had our backs,” drawing a contrast between Trump and Icahn catspaw Bob Griffin. Her sentiments were seconded by server Bill Rampolla: “Every time a contract came up for renewal, he was the very first one to sign the deal.” “I didn’t have any problems,” threw in a former Trump employee. (Strike breakers at the Taj, incidentally, will include Flo Rida, in case you needed an excuse to boycott him.)

Added McMorris, “I also see conversely what he did and how he used bankruptcy court to Continue reading

Posted in California, Carl Icahn, Charity, Cordish Co., Cosmopolitan, Donald Trump, Election, Entertainment, Genting, Georgia, Glenn Straub, Harrah's, Horseracing, Illinois, Macau, Marketing, Melco Crown Entertainment, MGM Mirage, New York, Regulation, Revel, Stanley Ho, Tribal, Tropicana Entertainment, Trump Entertainment Resorts, Unite-Here | Comments Off on Icahn leaves Taj workers nostalgic for Trump; Megaresort proposed for NYC

What’s the verdict, Jack, er, Dan?; AGA & NIGA join forces

Cleveland Cavaliers playoff games were good for Dan Gilbert‘s casino businesses. His Jack Cleveland casino was up 13%, to $16 million last month. It’s far too soon for a verdict on the “Jack” (as danielgilbertin “up yours, asshole”) brand, which produced a 5% uptick at misbegotten ThistleDown Racino ($9 million) but saw a 13% dive at Jack Cincinnati, which grossed ($14 million). Another property that was a big miscalculation, Pinnacle Entertainment‘s racino Belterra Park, was up 16%, registering $6 million. At other tracks, Eldorado ResortsScioto Downs was flat, notching $12 million, while Hard Rock Rocksino continued to lead the state with $18 million, up 7%. Miami Valley Gaming gained 8%, for an $11 million score, while Penn National Gaming properties were mostly ‘meh,’ although even in a flat month Hollywood Austintown ($8 million) generated a remarkable $273/slot/day. Hollywood Toledo ($16 million) fell 6%, Hollywood Dayton ($7 million) lost a percentage point but Hollywood Columbus pulled the chestnuts from the fire with a $17 million haul, up 3%. As for that “Jack” thing, why didn’t Gilbert just re-brand as, say, Douchebag Cleveland and have done with it?

* The American Gaming Association has evolved dramatically in the changeover from Frank Fahrenkopf‘s presidency to Geoff Freeman‘s. During the courtly Fahrenkopf’s reign, Continue reading

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Patient, heal thyself!; Copperfield’s new crib

Seemingly taking its talking points from Gov. Chris Christie (R), the Wall Street Journal opened a can of whup-ass on Atlantic City. (It also tried to drag casino flip-flopper Hillary Clinton into the argument but that was too much of a rhetorical stretch for WSJ atlantic_city_boatwriters to pull off.) If the WSJ had its way, Atlantic City would have a one-dimensional, casino-based economy … which it still does at this point, but Mayor Don Guardian (R) has been vigorously trying to turn that around. Anyway, the paper faults the Casino Reinvestment Development Authority for offering economic incentives for businesses like Bass Pro Shops to come to the Boardwalk, not realizing that’s what Atlantic City needs. (Battling this kind of ignorance is like trying to catch the wind in a net.)

The city is also blamed for charging $1.50 parking fees — cheap, compared to certain Las Vegas casinos — for the sake of a convention center, something else Atlantic City could badly use. And, as much as we hate resort fees, Continue reading

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Rumor du jour

Does imminent doom hover over Excalibur? An S&G source says MGM Resorts International is talking about imploding it and replacing it with a “higher-end resort.” excalibur-pic2The alleged motivation is to keep up with Steve Wynn and his Wynn Paradise Park adult playground, slated to open four years hence. We’d miss Tournament of Kings and the buffet but wouldn’t regret losing its horrid casino-floor layout, a vestige of the mentality that if you run customers around and disorient them, they will become disheartened and sit down to play the slots. Anyway, we wouldn’t be surprised if MGM decided to capitalize on adjacent T-Mobile Arena with an upscale resort product (although that is ostensibly Park MGM‘s purpose).

Posted in Architecture, Dining, Entertainment, MGM Mirage, Steve Wynn, The Strip | 2 Comments

Trump’s tribal treachery

As the press continues to dig into Donald Trump‘s past, it’s uncovering activity that is vile even by Trump’s debased standards. Such is the case in his race-baiting campaign Trump 1against the casino application of the St. Regis Mohawks. Not man enough to oppose the tribe openly, Trump hid behind the bogus front of the so-called New York Institute for Law & Society. Sounds very prestigious and academic, doesn’t it? It boasted 1,200 “pro-family” contributors but, except for a couple of $20 checks, only had one underwriter: Donald Trump.

Run by political dirty trickster Roger Stone, the “institute” failed to provide Trump with plausible deniability because he had his hands in its mudslinging up to the elbows. According to the Los Angeles Times, Trump was “not just paying the bills, but signing off on ad copy or radio scripts depicting the tribe as violent criminals and drug dealers. When Stone hired private investigators to dig up dirt on the Mohawks, Trump secretly paid the bills.” “Drug Dealing at Monticello” rhetorically asked Continue reading

Posted in Atlantic City, California, Donald Trump, Genting, Hard Rock International, International, Internet gambling, Law enforcement, Lawrence Ho, Minnesota, New York, PokerStars, Regulation, The Mob, The Strip, Tribal | 1 Comment

Battling along the Boardwalk; Supreme Court gives tribes the brush-off

While the previous record for an Atlantic City casino strike is 34 days, the showdown at Trump Taj Mahal looks like it will go the distance. Neither Local 54 of Unite-Here nor Carl Icahn shows any signs of backing down and the union is talking tough. However, the strike may hurt Icahn sooner than expected: The Taj has stopped taking hotel bookings, meaning it will have to eke out the strike on casino revenues, of which the Taj’s are some of the lowest in town. Meanwhile, Glenn Straub has done a miraculous disappearing act, although it will not be so easy to make gargantuan Revel to disappear. When last heard from, Straub was raging at the Division of Gaming Enforcement for not issuing the licenses he sought and arguing that since he was going to job the casino out to a (still unspecified) third party, he didn’t need a gaming licensing.

In the meantime, Polo North was tardy with its Casino Reinvestment Development Authority paperwork, Revel still didn’t have a new name and it’s unclear whether Continue reading

Posted in Atlantic City, Carl Icahn, Glenn Straub, Golden Gaming, Internet gambling, Law enforcement, Maryland, Pennsylvania, Philippines, Politics, Regulation, Revel, Slot routes, Taxes, Tribal, Unite-Here | 1 Comment

Quote of the Day

“Hundreds of dead mice were found in the kitchen of this building! If you like mice and Taj Mahalroaches, stay at the Taj Mahal!” — Unite-Here Local 54 Organizing Director Benjamin Albert taunting customers — and citing Atlantic City Health Department statistics — on the Trump Taj Mahal picket line. The Associated Press reported that business was good at the Taj, but that there were twice as many gamblers at Resorts Atlantic City. It’s an ill wind indeed that doesn’t blow somebody some good.

Posted in Atlantic City, Environment, Mohegan Sun, Tropicana Entertainment, Unite-Here | 2 Comments

Strike at the Taj; Macao half-full or half-empty?

While Tropicana Entertainment managed to stave off at the very last minute a strike at its eponymous Atlantic City casino, Trump Taj Mahal was not so fortunate. In a 99% predictable outcome, roughly 1,000 Taj workers walked off their jobs early this morning. This labor action had been seen coming down the pike ever since then-CEO Bob Griffin screwed over the workforce with wage and benefit cuts. While Trop CEO Anthony Rodio was willing to revoke Griffin’s evisceration of the Taj health plan, that wasn’t enough to satisfy Local 54 of Unite-Here which called Rodio’s give-back a “shadow” of what was needed. Rodio blamed the victim, saying, “The employees of the Taj bargaining committee seem hell-bent on trying to close this property and killing the jobs and livelihood of the other Taj employees, including their own union members.” The union responds that many of its members are eking out a bare existence on Food Stamps.

Rodio could at least derive cold comfort from the fact that Local 54 leadership urged ratification of Continue reading

Posted in Arizona, Atlantic City, Carl Icahn, Economy, Harrah's, Internet gambling, Macau, Philippines, Tribal, Tropicana Entertainment, Unite-Here, Wall Street | 2 Comments

Election 2016: What’s at stake

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Vegas: Weak on Strip, robust in locals play

One less weekend and a tough comparison with last year’s Mayweather-Pacquiao charade translated into a weak May for both the Las Vegas Strip, down 12%, and Nevada slot machinecasinos in general, 4.5% off the pace. There were some sort of bright spots. Slot coin-in on the Strip was down 8% but the machines held tight, their winnings only 2% weaker than last year’s. But table wagering not only plummeted 24%, the house played very unluckily, off 20%, a number even worsened when baccarat is excluded. There was 28% less baccarat play and 18% less win.

However, the bullishness on the locals market displayed by Boyd Gaming and Station Casinos was validated by a strong locals performance, up 15%. North Las Vegas led the way, vaulting 28% upward, with Continue reading

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Donald Trump, stiff; Partial labor peace in Atlantic City

One of the benefits of Donald Trump‘s current ubiquity is that it has belatedly spurred the press into debunking the myth that he was a successful casino operator in Atlantic City. A particularly damning Associated Press story connects the dots among the trump 2subcontractors who got stiffed while working on Trump Taj Mahal and reveals a system pattern, suggestive of a calculated strategy by Trump, not mere fecklessness. Heck, Trump laid it out for all to see in his book, Trump: The Art of the Deal. “You have to be very rough and very tough with most contractors or they’ll take the shirt right off your back,” he scribbled. Built on a sinkhole of high-interest, junk-bond debt, the Taj went bankrupt the year after it opened but it was the subcontractors who took it on the chin. In the bankruptcy, the contractors got a third of what they were owed, with the promise of another 50 cents on the dollar somewhere down the road, presuming their business hadn’t already been obliterated by Trump’s shortchanging of them.

A characteristic scenario was for contractors to stop being paid for finished work, but to keep at it with the enticement that a check would arrive ‘in two weeks.’ (Needless to say, it didn’t.) “Desperate for cash, contractors Continue reading

Posted in Atlantic City, Boyd Gaming, Donald Trump, Galaxy Entertainment, Glenn Straub, Harrah's, Macau, Melco Crown Entertainment, Mohegan Sun, Regulation, Revel, Steve Wynn, Tilman Fertitta, Tourism, Tropicana Entertainment, Unite-Here | Comments Off on Donald Trump, stiff; Partial labor peace in Atlantic City

Riviera site to become a stadium?; Cordish, MGM face off in Maryland

It’s anything but certain that the [your city here] Raiders are coming to Las Vegas, but our civic leaders are moving ahead as though it were a done deal. The preferred site for sheldonadelsona Las Vegas Sands-backed stadium, on Tropicana Avenue, is looking iffier and iffier, especially since it sits uncomfortably close to a busy glide path for McCarran International Airport and the FAA could easily nip that in the bud. Interestingly, two former casino sites have come into play as fallback positions. While the Las Vegas Convention & Visitors Authority (from whom Sands hopes to wrest the plurality of the stadium money) owns the Riviera and is busy tearing it down, LVCVA President Rossi Ralenkotter is suddenly very tractable to the idea of putting a football stadium on the site. Obviously, the value of being right on the Strip cannot be understated.

Also in play are the Rock in Rio festival grounds. Since the first Vegas outing of the festival may have been its last — and because MGM Resorts International wouldn’t Continue reading

Posted in California, Cordish Co., Entertainment, Harrah's, International, Louisiana, LVCVA, Marketing, Maryland, MGM Mirage, Penn National, Politics, Riviera, Sheldon Adelson, Sports, The Strip, Tribal | 1 Comment