The economy explained, in 394 seconds

Find me one casino company that doesn’t carry long-term debt …. like the -$2.8 billion sitting on the balance sheet of Wynn Resorts, right, Steve?

Posted in Economy, International, Steve Wynn | 1 Comment

A few days at the Riv, Part One

A big S&G ‘thank you’ to generous reader Jeff_in_OKC and his lovely wife Lisa, who shared the following observations from a recent Las Vegas sojourn, with a particular emphasis on the Riviera: Although I will pick some nits, I must say most importantly: THERE ARE GOOD THINGS HAPPENING HERE.

One night when we visited both elevators in the self-park garage were out of order. This should never be allowed to happen, and casino employees should be posted on every floor to warn guests. People are forgiving and would easily work around it if they are informed up front.
• Many of the small snack bars, coffee kiosks and other small shops were closed at 7:15 PM when we arrived.
Also, it seems like ALL the ceiling lights are turned off in the Pinball Hall Of Fame area, 24/7. This is short-sighted thinking that is so worried about overhead that it Continue reading
Posted in Architecture, Dining, Entertainment, Marketing, Riviera, The Strip | 1 Comment

Behind the glamour …

Considering the number of resident spectacles, topless shows and convention gigs that require showgirls galore, you’d think casting directors would be receptive to the female form in all its wonderful variety. You’d think that. However, a former Jubilee! dancer and current freelance showgirl had a quite a different experience when auditioning for a producer whose taste in pulchritude is strange but quite typical, I am told, of the attitude pervading the Las Vegas Strip nowadays. (I’ve heard of women being perversely turned down for Crazy Girls, famous for its array of derrieres, on the grounds that they had too much ‘junk in the trunk.’) To wit:

…  in case any other performers are going through this.
In the past four years I have become a much stronger Continue reading

Posted in Entertainment, Riviera, The Strip | 2 Comments

Atlantic City and Sandy’s silver lining; Adelson to cop a plea?

At the risk of taking Hurricane Sandy too lightly, in some respects the storm — currently on a path straight for Atlantic City — represents a strange blessing in disguise for the Boardwalk. With the city all buttoned up as of 4 p.m. yesterday, the last week of October will be a revenue washout and, depending on the extent of the damage, some of November might be gone with the wind, too. Which means that Atlantic City could get as much as a nine-week “mulligan” on its year-over-year revenue comparisons. Gov. Chris Christie (R) would also be able to take the high moral ground against racino-hungry legislators, shaming them for wanting to kick the Boardwalk while it’s down.

Points for proactivity go to Trump Entertainment Resorts, which shooed its guests out five hours ahead of schedule. And if idiot Continue reading

Posted in Cretins, Current, Donald Trump, Economy, Election, Environment, Macau, Regulation, Sheldon Adelson, Tribal, Tropicana Entertainment | 1 Comment

High-profile Vegas divorce

This just in … peripatetic chef Carla Pellegrino has just released a statement in which “announces her mutual separation from Tropicana Las Vegas,” after 19 months overseeing its Italian restaurant, Bacio. The Brazilian chef, also late of Rao’s at Caesars Palace, referred to “exciting new opportunities” but mentioned nothing specific than her ongoing relationship with fusion restaurant Bratalian, down in Henderson. Unlike most servings of divorce papers, there was no description of an “amicable” parting, just an illusion to a new Significant Other … whom LVA‘s Research Department identifies as being the new Meatball Shop at South Strip mall Town Square, along with a recurring role on Top Chef: Seattle. The Trop, however, may need to sue for alimony after a recent quarterly loss of $6 million. But seriously … how many of Alex Yemenidjian‘s high-profile business relationships have ended messily … Jamie GoldNikki BeachPaul Rodriguez … now Pellegrino … we’ve long since lost count. (At least he hasn’t, to the best of my knowledge, been sued by Continue reading

Posted in Alex Yemenidjian, Cantor Gaming, Current, Dining, Internet gambling, M Resort, Penn National, The Strip, TV, Wayne F. Newton | Comments Off on High-profile Vegas divorce

Shadow-puppetry at the Sahara; TropiHilton of LV; Melco goes southerly

“Lightweight” might be a apt term to describe the braintrust forming around the SLS/Sahara project. So would “miscast.” Reporting to casino novice and owner Sam Nazarian, its president will be J.P. Morgan investment banker Sam Bakhshandehpour. His main qualification for the job? Well, according to Howard Stutz, “[he] worked with Nazarian earlier this year to secure $300 million in financing for renovation of the Sahara into the SLS Las Vegas.” Good enough for me! Put that man in charge of a new, un-branded Strip casino!

Actually, it sounds like they should send Mr. Bakhshandehpour down the street to Caesars Entertainment, which could really use help scaring up capital these days. They could call it a swap since …

Caesars was also the last port of call for ex-vice president of corporate marketing Veronica Smiley. She’ll be CMO at SLS, news that will not bring any Continue reading

Posted in Alex Yemenidjian, Colony Capital, Cosmopolitan, Current, Goldman Sachs, Harrah's, International, James Packer, Lawrence Ho, Marketing, Melco Crown Entertainment, MGM Mirage, Planet Hollywood, Sahara, Steve Wynn, The Strip, Tourism, Wall Street | Comments Off on Shadow-puppetry at the Sahara; TropiHilton of LV; Melco goes southerly

Quote of the Day

“For my part, I have no problem characterizing these corporate-centric super-PACs as treasonous. They are designed to subvert American democracy and turn our country over to the moneyed aristocracy. Their aspirations are apostasy to the notion of democratic governance that our Founders intended. We are now in a free fall toward old-fashioned oligarchy, that noxious thieving, tyrannical, oppressive species of government that America’s original settlers fled Europe to escape.” — Robert F. Kennedy Jr.

Posted in Election, Regulation, Sheldon Adelson | Comments Off on Quote of the Day

More slump at Trump; Home woes ease

Trump International is hawking bargain rates for the Yuletide season, including price-matching, Saks Fifth Avenue discounts, “guaranteed late check out” (translation: Please stay with us!) and more. The sheer plethora of discounts and giveaways hints at an increasing level of desperation within Trump’s Stump. However, it’s also laudable to see the Donald Trump/Phil Ruffin property get off its high horse and start competing in this value-driven market like any other hotel … which it is. Minus gambling. Bit of a miscalculation, that.

We’re not No. 1! And it’s a good thing because Las Vegas has fallen from first to 25th in U.S. home foreclosures. Barring a dump of Continue reading

Posted in Current, Donald Trump, Economy, Illinois, International, Marketing, Midnight Jim Gibbons, Phil Ruffin, The Strip, Tourism | 4 Comments

Zynga counterattacks; Fail, Caesar; Adelson honored

If the Stalin organs of the Zynga PR battery had fallen silent, it was only to reload. As predicted yesterday, Zynga is regrouping around Internet gambling as its new strategy of choice. Zynga unleashed “announced an exclusive partnership [with Bwin.party] to offer real money online Poker and Casino games in the UK market. Zynga’s UK-based [real-money games] service and bwin.party will launch RMG products including Poker and a full suite of 180 Casino games in the first half of 2013, which include table games such asslots, roulette and blackjack.” And if you’re a FarmVille fanatic, Zynga and Bwin.party will offer British punters “the first-ever, online FarmVille-branded real money slots game.”

(Somebody please mail Zynga a stylebook, stat.)

This pact won’t likely be anywhere near enough to get Zynga’s stock price out of the dog house. However, with hooking up with Bwin puts Zynga just one degree of Kevin Bacon away Continue reading

Posted in Architecture, Atlantic City, Boyd Gaming, Dan Lee, Donald Trump, Harrah's, International, Internet gambling, Maryland, MGM Mirage, Missouri, New York, Ohio, Pinnacle Entertainment, Politics, Revel, Sheldon Adelson, Steve Wynn, The Strip, Transportation, Tribal | 1 Comment

He shoots, he scores!; Zynga zinged; Hill puts leg before wicket

Monday’s interview with Interblock global sales supremo Tom O’Brien (right) yielded some passing observations that are probably too peripheral for my upcoming Casino Life piece … but perfect for S&G. Interblock maintains field offices in Las Vegas (soon to become the de facto headquarters) in Australia, Macao and Nova Scotia. In order to staff these, O’Brien takes a ‘horses for courses’ approach: “For instance, you don’t put an American in Macao who’s never run that market before. He needs to study it. Australia, the same thing. You can’t run an American over to Australia and say, ‘Go ahead and run this market. It’s gonna be great for you.’ You have to find an Australian operator or vendor who’s got that kind of background.”

Ouch! Sounds like a bank-shot reference to the abortive tenure of former Borgata president Larry Mullin (right) at Australian Echo Entertainment, as James Packer (currently on a roll) and Genting jockey for position. The latter, naturally, has been taking the “move along, nothing to see here” stance. Then there’s the following zinger from ex-IGT exec in re diversification …

One of things I’ve found out with other companies over the years is they buy into other products so they can diversify. The products don’t match well with the company itself, so they just shelve it or sell it back.” (Are you Continue reading

Posted in Australia, Boyd Gaming, Current, Election, Genting, IGT, International, Internet gambling, James Packer, Macau, Regulation, Singapore, Technology, TV | Comments Off on He shoots, he scores!; Zynga zinged; Hill puts leg before wicket

Slow news day, defined

In attempt to get some TV time, Donald Trump vowed he was going to say something to someone about somebody else today. But frankly … who cares? On a genuinely substantive note, Internet gremlins are laying siege to LVA again, playing hob with Web access, impeding output, etc. — so consider yourselves warned.

Posted in Current, Donald Trump, Technology | 4 Comments

Trial and error in the Far East

Whenever one goes to a gaming expo, one of the main lines of product on display is the robo-dealer. You know: An electronically run roulette, blackjack, baccarat, craps or sic bo “table” (more of a big workstation, in reality), presided over by an unsettlingly blank-faced, computer-generated “dealer.” These sorts of machines are coming on strong both domestically and overseas (particularly in Spain). However, they’ve run into player resistance in the world’s two most gambling-mad marketplaces: Macao and Singapore.

Seems that it’s a comfort issue, in a non-ergonomic sense. Casino players, generally being creatures of habit, are inured to the presence of a living, breathing dealer. Thus, even though the switch from fully automated to semi-automated dealer on, say, an Interblock “island” is largely Continue reading

Posted in International, Macau, Marketing, Singapore, Technology | Comments Off on Trial and error in the Far East

Boyd Gaming: Stardust memories

Shortly before Global Gaming Expo, I had a chance to sit down with Boyd Gaming CEO Keith Smith and query him on the company’s growth strategy, which will soon plant the Boyd flag in Kansas and Iowa. While many casino CEOs talk like an SEC filing, Smith is a pleasure to interview: Economical with words, right to the point and putting everything in layman-friendly terms. In other words, he’s Continue reading

Posted in Bally Technologies, Boyd Gaming, Economy, G2E, Iowa, Kansas, Sheldon Adelson, Technology, The Strip | 5 Comments

And some fourth-graders shall lead them

Finally, something constructive comes out of the “Call Me Maybephenomenon. If the cute and inspirational Harlem Prep Hawks are any indication, our country’s future is bright indeed. As they sing, “Vote for somebody.” (Or something.) Your franchise is a rare and precious right. Don’t squander it!

Posted in Current, Election, Entertainment | Comments Off on And some fourth-graders shall lead them

Harrah’s: “Legends” out, “Quartet” in

No wonder Harrah’s Las Vegas gave Legends in Concert an eviction notice a scant two days after  a major promotional event. The venerable casino landed Million Dollar Quartet, which played a critically acclaimed but very limited engagement at the Smith Center for the Performing Arts. The low-overhead, high-recognition Broadway hit is a logical follow-up to Paris-Las Vegas‘ acquisition of Jersey Boys and is a nostalgic natural for the Strip, opening next Feb. 4. It stands to reason that the Caesars Entertainment statisticians were closely measuring M$Q‘s box office performance last summer in Vegas and it’s fact that high-ranking execs checked it out in person. This Quartet-for-Legends shuffle was rumored last June but it took much longer than expected to consummate a deal. Perhaps this indeed means that Legends is destined for The Rio but Caesars remains mum on the topic. M$Q‘s touring company roams the East Coast (mostly) through next spring, winding up next May in Tucson. (The future of the Chicago production appears secure.) But it’ll steer clear of Continue reading

Posted in Current, Downtown, Entertainment, Harrah's | Comments Off on Harrah’s: “Legends” out, “Quartet” in

Seen at G2E …

No, not Russian hookers (you have to go to Macao for those) but Interblock‘s virtual casino dealers. The Slovenian company unveiled these robo-lovelies under high-security conditions that the Las Vegas Sun likened to Marqueeon a busy weekend night” … except with better-dressed patrons … and less visible inebriation … and no puke on the carpet.

Posted in Cosmopolitan, Entertainment, G2E, Technology | Comments Off on Seen at G2E …

Quote of the Day

“I’m a Republican and I’m not voting for Mitt Romney at all! You want to know why? Because of these constant phone calls!” — unidentified, irate Las Vegas Philharmonic patron, overheard speaking to a telemarketer in a Smith Center for the Performing Arts restroom stall, where he’d gone to answer the call of nature … the only call that cannot be forwarded.

Posted in Current, Downtown, Election | Comments Off on Quote of the Day

Splitsville: Harrah’s and ‘Legends’; Wanna buy used Hooters?

If you want to see Legends in Concert at Harrah’s Las Vegas, better get a move on: The tribute act and Harrah’s LV “have mutually agreed” to go their separate ways on Dec. 30. This doesn’t mean that Caesars Entertainment and Legends are getting a divorce — the Bally’s Wild Wild West iteration will continue to run in Atlantic City. However, On Stage Entertainment COO Brian Brigner said his show was “finalizing and will soon announce plans for the next chapter of our enduring success story,” which sure sound the words of a man who’s cutting a deal with a non-Caesars property. Also, the announcement was made by an outside PR firm, not by Caesars, albeit a firm that also reps Harrah’s stalwart Mac King. Reading this set of entrails is not easy. Stranger still, Legends held a publicity event for Strip conciergerie earlier this week, so the timing of today’s bombshell is odd, to say the least.

There are so many places Legends could go that it’s difficult to speculate on what the mystery venue is. Rule out the Stratosphere, which recently booted Bite — soon to take up residence at the Plaza. It axed its own American Superstars not that long ago. More importantly, the Strat has a Claire Sinclair revue on the way, part of an effort to class up its image around Frankie Moreno‘s hit show. The Riviera sure could use a tenant for its idle Versailles Theater and Legends would be the right scale for the venue. However, Brigner better be prepared to Continue reading

Posted in Alex Yemenidjian, Atlantic City, Current, Downtown, Entertainment, Goldman Sachs, Harrah's, Hooters, Planet Hollywood, Riviera, Sheldon Adelson, Tamares Group, The Strip | 5 Comments

Pinnacle saves September in Louisiana; Echelon under wraps; The red-headed stepkids of Station, Sands and Caesars

Folks down in the Pelican State had better things to do than gamble last month … like clean up after Hurricane Isaac. This might account for a 5% year/year decline in casino revenues. Louisiana‘s gambling venues grossed $200 million last month, posting a 2% increase entirely on the strength of Pinnacle Entertainment‘s new L’Auberge Baton Rouge. And I mean strong: $13 million, which was more than Baton Rouge‘s two other casinos grossed ($12 million) together, averaging a 20% loss of business to Pinnacle.

But that’s not all … L’Auberge Red Stick brought about 69% year/year growth in the Baton Rouge casino market, pushing it ahead of New Orleans ($25 million vs. $23 million). Louisiana Gov. Bobby Jindal (R) opposed this project and, faced with revenue and job creation on that magnitude, he’s welcome to suck it. Remember, this is the same fella who tried to demonize high-speed rail along the I-15 corridor as “a train from Disneyland to Las Vegas,” even as his underlings coveted the federal-stimulus money for themselves, leading to an ignominious, ass-covering retreat. Jindal rarely misses an opportunity to stick it to the very casino industry whose tax dollars help pay his six-figure salary. Nice guy.

Lake Charles continued to prosper, up 3% as L’Auberge du Lac posted million-dollar-plus gains. Only Continue reading

Posted in Boyd Gaming, CityCenter, Current, Economy, Entertainment, Florida, Harrah's, Isle of Capri, Louisiana, Marketing, MGM Mirage, Missouri, Pennsylvania, Pinnacle Entertainment, Politics, Racinos, Regulation, Sheldon Adelson, Station Casinos, Taxes, The Strip, Tourism, Transportation, Wall Street | Comments Off on Pinnacle saves September in Louisiana; Echelon under wraps; The red-headed stepkids of Station, Sands and Caesars

Parlez-vous *faux pas*?

OK, so Cirque du Soleil‘s Zarkana is certain to be a slam-dunk at the box office and a better financial performer than its predecessor, the unlamented Viva Elvis. However, does anyone find this invitation a bit culturally off-key? English and French … in Las Vegas? Yes, I know Cirque is headquartered in Quebec but does the putty-nosed CdS braintrust somehow think Zarkana is premiering in Montreal and not at Aria on the Las Vegas Strip? In addition to our large, international tourist base, Clark County is — as of a year ago — 29% Hispanic. Which means, if you’re going to run a bilingual ad here, don’t Continue reading

Posted in Boyd Gaming, Cirque du Soleil, CityCenter, Current, Entertainment, Hooters, International, Marketing, MGM Mirage, Station Casinos, The Strip | 1 Comment