Bacchanalia at Caesars; I’ll take the Mubarak Suite, please

Despite rampant neglect elsewhere on the Strip, Caesars Entertainment continues to take good care of its namesake, Caesars Palace. A Wednesday-night visit disclosed that myriad schlock retailers had been banished, as Jay Sarno‘s toga party tries to keep pace with other upscale properties nearby. Our destination was the Bacchanal Buffet, a $17 million investment that was drawing a long — but not dauntingly so — line for midweek dinner. Whether $35 a plate for an evening meal is a good value is for you to decide, although it’s hard to find a Strip restaurant that won’t set you back much, much more. As a Caesars-branded amenity, I would accord it high marks, although I wouldn’t put it at the top of the heap. Also, given the disgruntlement I saw amongst some AARP-vintage customers, I suspect the offerings may be somewhat chi-chi for the Total Rewards crowd. Bacchanal could stand to lose the whunka-whunka “house” music, geared to a nightclub demographic that was nowhere to be seen. It sounded like I was dining in a gay disco. Better lay down some Continue reading

Posted in Architecture, CityCenter, Cosmopolitan, Current, Dining, Entertainment, Goldman Sachs, Harrah's, history, International, Marketing, MGM Mirage, Sahara, Technology, The Mob, The Strip, Tourism, TV | 4 Comments

Gomes alone; Mohegan Sun pink-slip-slidin’ away

Former Resorts Atlantic City underboss Aaron Gomes might want to change his travel plans. Scarcely had he announced his departure from his late father’s casino than his new gig, Sydney‘s troubled Star Casino, looks very doubtful. Gomes had planned to join former Borgata prexy Larry Mullin, But now Mullin is on the way out, effective Jan. 31. His exit seems to be as amicable as such things can — but getting one’s walking papers after only eight months on the job is hardly a signal that everything’s coming up roses at Star. Since the Echo Entertainment board has declared its intention to scour the globe for a new CEO, must feel like something of a red-headed stepchild at the moment. Then again, who would want the job at this juncture? James Packer (right), who owns 10% of Echo, will soon get permission to enlarge his position, presaging a takeover.

It’s too late for Gomes to beat a retreat to Atlantic City. Wasting no further time, operator and minority owner Mohegan Sun installed one of its own, Gary Van Hettinga (left), as CEO of the casino-hotel. So, if the Mohegans and majority owner Morris Bailey reach an impasse, whose bidding will Van Hettinga do, especially when he’s also still wearing the hat of Mohegan Gaming Advisors‘ president? The elder Gomes’ “dream team” is out, replaced largely by some of the last vestiges of the horrific Columbia Sussex era at the Tropicana Atlantic City. They include hatchet man Mark Giannantonio, who left labor strife in his wake, and former Trop marketing boss Mary Tindall, a 26-year veteran at the property. Tindall has the virtue of Continue reading

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Quote of the Day

“There are a couple of douchey-looking guys over there. That’s probably the VIP line.” — me, to my wife, last night at Caesars Palace‘s new, $17 million Bacchanal Buffet. And guess what? I was right! When in doubt, follow les sacs de douche.

Posted in Dining, Harrah's, The Strip | Comments Off on Quote of the Day

Our brief national nightmare is over

Within 48 hours of the traveshamockery in Seattle, the NFL‘s imperious bid to break the referees’ union has collapsed. The league has agreed to terms that amount to total capitulation. Zebras 1, NFL -1 (counting collateral damage inflicted upon fans). Let the point spreads return to their normal breadth and, among the sports books of Las Vegas, may peace and comity reign at the betting window! Yes, it is “a great day for America” indeed.

Posted in Current, Sports, TV | 1 Comment

Would you buy a used Monorail from these guys?

Let the record show that the American Gaming Association‘s daily SmartBrief is an invaluable one-stop shop for casino-related news stories, especially now that several of the leading Las Vegas-centric blogs have taken a dirt nap. However, if you can’t find one good laugh per SmartBrief, you’re just not trying. Monday offered this chuckle, courtesy of those inveterate cutups, Caesars Entertainment: “Project Linq will become a destination, exec says.” Hilarious! Tell me another one, Uncle Gary!

Today, we got: “Officials unveil plans to improve Las Vegas Monorail.” If that doesn’t make you collapse in hysterics right there, let me add that the “improvement” involves neither dynamite nor affordable fares. It’s — get this — more Monorail. The line’s braintrust (now there’s an oxymoron!) is dusting off pre-Recession plans that would have extended the Monorail north past Signature, then east to the UNLV campus, ending with a southward thrust into McCarran International Airport. I believe I wrote the first news coverage of this, on a long-vanished Las Vegas Business Press blog. (Hell, just about everything at the Bidness Press is long-vanished, especially credibility, thanks to Continue reading

Posted in Alex Yemenidjian, Current, Economy, Harrah's, MGM Mirage, Sheldon Adelson, Taxes, The Strip, Tourism, Transportation | 5 Comments

Doing the right thing, with a “D”

As in The D and its owner Derek Stevens, who is refunding bets made on the Green Bay Packers last Monday, when victory was literally stripped from their hands by nincompoop NFL scab referees. They’ve been likened to Foot Locker salesmen but I honestly think Foot Locker floor people could do a better job. As though his rescue of the former Fitzgeralds and reinvention of the Golden Gate weren’t enough, this alone makes Stevens the prohibitive favorite for casino owner of the year. He was “disgusted” by this week’s pigskin fiasco and, seeing things from a bettor’s point of view, rescinded the wagers. In doing so, he not only overrode the NFL but D sports book operator William Hill. Bravo! This man has brass balls.

Predictably, Stevens’ maverick move brought a howl of outrage from Continue reading

Posted in Current, Derek Stevens, Downtown, history, Sports, The Strip, Wall Street | 2 Comments

Colony Capital and the Temple of Doom; Big Gaming’s come a long way, baby

Earlier today, I penned a 1.5-page Question of the Day on the recent past and dubious future of the Las Vegas Hotel & Casino, which I habitually type as “Las Vegas Hilton.” Even if one confines the narrative to the last 15 months, or roughly the period after Hilton International informed Colony Capital that it would have to haul down its flag on Dec. 31, it’s still a calamitous microcosm of private equity’s swath of destruction through Big Gaming. Tom Barrack (above), the grinning boob atop Colony, managed to convert a $280 million asset purchase into a $252 million deed-in-lieu-of-foreclosure debacle, losing 90% of his investment in the process.

Well, not his investment … although I wonder if he shares this latest triumph with the poor schmucks he tries to lure into his crap-ridden funds. Now, the casino will devolve into the hands of two more PE firms — a Goldman Sachs subsidiary and Grammercy Capital, even as the LVH’s money troubles begin to yawn like a bottomless pit.

For all intents and purposes, Goldman has left the building, even as it plans to take title to it. Instead of folding it into its American Casino & Entertainment Properties portfolio, Goldman is trying to position the casino for a quick flip. Good luck with that. If you think times are lean now, just wait for the all-but-inevitable austerity regime that will follow once Navegante Group takes the keys, as manager. Where Navegante goes Continue reading

Posted in Atlantic City, Colony Capital, Culinary Union, Current, Dennis Gomes, Downtown, Economy, Election, Entertainment, Goldman Sachs, Planet Hollywood, Politics, Sahara, Sheldon Adelson, Station Casinos, Tamares Group, The Strip | Comments Off on Colony Capital and the Temple of Doom; Big Gaming’s come a long way, baby

History is a lie … just ask the NFL

Two things give me reason today to ponder the line of thinking which holds that history is a construct formed by the winners — an agreed-upon narrative that keeps up from asking too many pesky questions. First, tonight is the moment when the historical Ralph Lamb is superseded, perhaps forever, by his fictional avatar, played by Dennis Quaid. The actual Lamb hassled mobsters, went easy on drunk drivers and made Las Vegas Metro into the omnipotent (and trigger-happy) entity that it remains. Or so runs the consensus. As for Sixties mafiosi, they ought to be flattered that their drab, doughy, bureaucratic Vegas branch has been reincarnated in the form of Michael Chiklis, charismatic and dressed to kill. And, yes, I’ve already set my DVR to record the entire series.

Of course, the other mendacity du jour is the awarding of “victory” in NFL games to losing teams, thanks to the league’s ass-clown scab referees. These “zebras” would be hard pressed to call a Pop Warner game and get it right, to judge by their perpetually befuddled facial expressions and highly creative interpretations of the rule book, the latter having left former coaches and players apoplectic with disbelief. Their mistakes are then ratified by the NFL, raising them to the level of fraud. You, me and everyone else with a TV set knows damn well that games are being decided not on the field of play but by a bunch of strike breakers I wouldn’t trust to monitor Detention Hall.

The league, you see, thinks this is a matter of chump change between itself and the locked-out referees (who understandably balk at having their pensions dumped into that crap shoot known as a 401k). But that won’t be the case much longer. The league is generous with information that informs point spreads and prop bets. When sports bettors in Las Vegas casinos are out $9 million just on last night’s fiasco and one betting site is refunding wagers (above) because the on-field screw up was so egregious, that’s a lot of action which could dry up overnight. Perhaps sticking it to Vegas is the real endgame of presiding NFL genius Roger Goodell’s brinkmanship. (“That’ll teach you to bet on our sacred sport!”) But, no, Occam’s Razor tells us that the league is just being cheap.

While casinos are laughing all the way to the bank after taking John Q. Customer to the cleaners last night, thanks to the buffoonery of Cirque du Goodell, this is a problem for them, too. (Congratulations to the estimated 15% of Mandalay Bay players who bet on the Seattle Seahawks.) Casino-issued point spreads lose credibility when the “refs” are stacking the deck in favor of the home team. It muddles their ability to “[encourage] balanced betting action” and parlay-card tiebreakers may have to be set in triple digits soon, at the rate we’re going. Were I sports bettor, I’d sit on my billfold and stay away from Vegas until the NFL comes to its senses … if ever.

Posted in history, Internet gambling, MGM Mirage, Sports, The Mob, The Strip, Tourism, TV | 7 Comments

USA Today at last! (Sorta)

Remember those USA Today travel guides whose writing put me hopelessly behind the S&G 8-ball? (Two hundred and thirty-five e-mails still unread!) Well, if you’re staying at a Hilton-branded property (soon to include much of Trump International), you can view them through an online portal called The Point. They are also destined for inclusion on Hotelme.com, at a time yet to be announced. Anyway, the first update looms near, so I’m not too many places and events from the first edition have to be de-listed … although Taylor Hicks is definitely “in” and the Flamingo Las Vegas wildlife area will receive serious consideration. Except for that “Quad” stupidity, Continue reading

Posted in Current, Donald Trump, Entertainment, Harrah's, The Strip, Tourism | 1 Comment

Yellowtail = douchetastic; Hyde & seek

If you’re ever tempted to envy those of us who must attend media events for restaurants: Don’t. They’re a chore — crowded, noisy and sprinkled with microbes of food that is usually grossly unrepresentative of the daily bill of fare. Although a minor on-the-job accident got me out of last night’s Golden Gate re-launch, which I’m told was a complete and interminable trainwreck, at least from the media-relations standpoint, I still had to show the flag at Yellowtail, formerly known as Yellowtail Sushi. However, taking “sushi” off the name appears to have been a change of form than substance. It’s still a Japanese restaurant that prominently hawks Continue reading

Posted in Architecture, CityCenter, Cretins, Current, Dining, Downtown, Entertainment, Marketing, MGM Mirage, The Strip, TV | 3 Comments

Study those sample ballots!

Here is an entertaining — and dare I say nostalgic? — way of issuing my biennial missive on the importance of voting … and of not overlooking that stuff at the bottom of your ballot. Casino-related initiatives will be voted upon in at least two states, Maryland and Oregon, so be sure and read the fine print when your sample ballot arrives. Meanwhile, enjoy this West Wing reunion. I certainly did and am glad to see that Allison Janney is still sex on a stick.

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Louisiana better than expected; Arkansas casinos: Wait ’til year after next

“It could have been better.” That will be the refrain from Louisiana, up 1% last month despite some final-week disruption by an unwelcome visitor named Hurricane Isaac. Allowing for a few blips here and there throughout the state, including a rare bad month for El Dorado Shreveport, the Isaac-related upheaval was pretty localized. As you’d expect, New Orleans (-9%) and Baton Rouge (-1%) had the worst of it. Pinnacle Entertainment‘s Boomtown New Orleans was off 19%, while all other casinos in the Big Easy merely experience single-digit declines. Penn National Gaming‘s Hollywood Baton Rouge was down 5% while Belle of Baton Rouge improved by the same amount. Go figure. Lake Charles, naturally, continues to chug along, up 11%.

Despite Pinnacle’s adversity in New Orleans, it’s on the verge of leapfrogging Caesars Entertainment as Continue reading

Posted in Current, Economy, Election, Harrah's, Louisiana, Maryland, Penn National, Pennsylvania, Pinnacle Entertainment, Racinos, Regulation, Taxes, Texas | Comments Off on Louisiana better than expected; Arkansas casinos: Wait ’til year after next

Western … sold?; Loveman takes a bath; Loving couples at the Flamingo

Update: The head of Tamares Group’s Vegas casino operations, Anthony Santo, has contacted S&G. He categorically denies that any sale of the Western has taken place.

Well, “the Internets” are jumping today with the rumor that the defunct Western Hotel Casino, most recent victim of absentee Tamares Group, has been sold. Zappos.com has been tipped as the likely buyer. We shall see. The Western occupies an entire city block, which would be space enough for a big-box grocery store … one of Mayor Carolyn Goodman‘s high-priority items on her wish list. Since the Western sits adjacent to the empty space once occupied by Tamares’ Ambassador East Motel, I wouldn’t be at all surprised if a multi-block transaction were in the works.

Since Downtown living at former condos like Continue reading

Posted in Animals, Boyd Gaming, Current, Dining, Downtown, Economy, Entertainment, Environment, Harrah's, Tourism | 6 Comments

Hicks is back; Sheldon Adelson, misery broker

Give Caesars Entertainment for making a good call this week. It’s inked a one-year residency deal with American Idol winner Taylor Hicks to return to Bally’s, starting Oct. 17. Prices will still begin at a wallet-friendly $40/seat and, in light of the amount and quality of a show Hicks puts on, that’s an incredibly good value for your money. Even some of the most rinky-dink offerings at V Theater start higher than that! Although I’m sure another casino may try to make lightning strike twice, I don’t think the Idol-to-Vegas route will become a heavily traveled one. After all, how many winners can one even name? The latest, Phillip Phillips, isn’t even old enough to drink or gamble in Nevada and his fanbase doesn’t appear to have been long out of diapers.

Just in time for ‘Talk Like a Pirate Day! Now that corporate raider Marc Leder is in the news, due to his role in Continue reading

Posted in Colony Capital, Current, Economy, Election, Entertainment, Florida, Goldman Sachs, Harrah's, International, Movies, Planet Hollywood, Sheldon Adelson, Taxes, The Strip, Wall Street | 1 Comment

What the fuQ?; A dubious honor

Word around here is that Caesars Entertainment did an in-house survey on potential re-names of Imperial Palace — soon to become “The Quad” — and promptly dumped the poll results in the nearest wastepaper basket. Se non e ver, e ben trovato … that is, if it didn’t happen, it sounds exactly like the sort of time-wasting exercise for which the Gary Q. Loveman administration has become infamous, like the never-to-be-built Paris-Las Vegas pedestrian bridge. Seriously, this is a company that owns the Showboat, Harveys and — ahem!Horseshoe brands and the best it can do for the Las Vegas Strip is “The Quad”?

Leave aside the blunt, rectangular and thoroughly unromantic connotations of the square peg thrust into the round hole that will always be “Imperial Palace” to denizens of Vegas — just as Bill’s Gamblin’ Hall” will forever be thought of as the Barbary Coast. And let’s skip the cultural tone-deafness of evoking the character ‘4’ in an Oriental-styled casino. What I want to know is: Did the letter ‘Q‘ have a going-out-of-business sale? What is Loveman’s fascination with that particular part of the alphabet? Does he have market research that shows a high correlation between customer spend and a proliferation of Qs? First “Linq,” now “Quad.” No doubt his delusional Toronto megaresort proposal will be dubbed “Qanada.” The casino he’s helping to build in Baltimore could be slugged “Qamden Yards.” And if and when he and Richard “Coastal Marina” Fields get done spending an incredibly superfluous $1 billion on Suffolk Downs, they can finish by renaming it “Suffolq Downes” or something comparably pretentious. If he thought he could do it and escape ridicule, Loveman would surely rename his flagship property Continue reading

Posted in Architecture, Atlantic City, CityCenter, Culinary Union, Current, Detroit, Entertainment, Harrah's, history, International, Macau, Marketing, Maryland, Massachusetts, MGM Mirage, Pansy Ho, Racinos, Steve Wynn, The Strip, Tourism | 3 Comments

Sunny summer in Pennsylvania; Stanley Ho seen!

Except for a 4% slippage in July, the motto around Pennsylvania might be, “Cannibalization? What cannibalization?” The Keystone State has shrugged off new competition from Ohio, from New York City, from Revel in Atlantic City, and even from within the state itself. Once new Valley Forge Casino Resort (right) and its $6 million gross are subtracted from August’s numbers, Pennsylvania is still up 4%. Despite Parx Casino having had a poor month (-12%) and Sands Bethlehem a very good one (+32%) at the tables, the casinos occupy an elite class of two, grossing $40 million (+1%) and $39 million (+20%), respectively. Considering that it has the Pittsburgh area almost to itself, Rivers Casino‘s $31 million makes for a surprisingly paltry third-place showing.

All Philadelphia-area casinos were up in August, including Continue reading

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One pig, slightly perfumed; Loveman’s fire sale

Having waited too long and spent too much to ever get around to his long-rumored teardown of the Imperial Palace, the CEO/CFO/COB and prexy of Caesars Entertainment, one Gary Loveman, now finds himself perfuming a pig. Despite having more brand names under the Caesars umbrella than you could shake a Total Rewards card at, Loveman is ditching the lot of them in favor of — wait for it — The Quad. That’s not a casino … that’s where you hung out in college when the weather was clement. The design is even more underwhelming than the new name:

Yup, it’s the same old Imperial Palace, with a few doodads and curtain walls up front that fail to mask the tiki-tacky design, a lingering tribute to the Axis Powers from the late, unlamented Ralph Engelstad. The Hitler Palace’s casino floor will be expanded by 15,000 feet. Entrance to “The Quad” will be reoriented to the northern end, not that its Strip frontage was ever any great shakes. Sparing every expense, in classic Loveman fashion, the “resort” will remain in operation throughout the makeover. After all, there’s nothing Vegas customers enjoy quite so much as Continue reading

Posted in Architecture, Florida, Hard Rock Hotel, history, Internet gambling, Iowa, Macau, Maryland, Massachusetts, Mississippi, Ohio, Racinos, Reno, The Strip, Wall Street, World Series of Poker | 3 Comments

Atlantic City: Revenues up, Seminoles out, Mohegans in

Stick a fork in the Dennis Gomes legacy at Resorts Atlantic City. Son Aaron Gomes is not only leaving but going halfway around the globe, to team up with former Borgata exec Larry Mullin and reboot Jupiters Gold Coast Casino, Down Under. He’ll have $625 million to spend on the Jupiters’ relaunch, which must feel like unparalleled lolly after having to reposition Resorts on a shoelace-and-chewing-gum budget. (Even Mohegan Sun‘s new cash infusion comes to a modest $35 million … actually more like $22 million-$26.5 million, once casino-tax money is recycled into the project.) Resorts A.C. owner Morris Bailey wanted Gomes to stay on but, with an offer like Jupiters’ on the table, who’s to blame Gomes for taking it? Besides, new plans like the incorporation of a Margaritaville restaurant into Resorts A.C. run a cart and horses through Gomes pere‘s Roaring Twenties theme.

New Jersey‘s freshly inked deal with Mohegan Tribal Gaming Authority lands the latter “a cheap foothold in the nation’s third-largest gambling market,” as Wayne Parry writes, mincing no words. Pending a more-thorough vetting by the state, MTGA will only have unilateral authority with regard to which games are on the Resorts floor and in what configuration. Any wider-ranging decisions require Bailey’s say-so, although the majority owner recently betrayed a measure of buyer’s remorse. This would appear to preclude the casino’s next CEO — as yet unnamed — from being plucked from within the Mohegan braintrust. Mohegan CEO Mitchell Etess makes an array of salient points regarding the deal, not least of which is that the worm has turned and tribal casinos are coming to the private sector’s rescue. After decades of disrespect, that’s a victory lap I shan’t begrudge him. However, having made a selling point of the lack of proximity between other Mohegan properties in Connecticut and Pennsylvania, the tribe’s play for a Massachusetts casino looks all the more cynical. (I’ve heard informed speculation that MTGA wants the Palmer, Mass., site simply to keep it in cold storage for years.)

Enter the Mohegans, exit the Seminoles. The Florida tribe’s attempt — in tandem with Och-Ziff Real Estate — at a Hard Rock-branded boutique casino was nearing a preposterous $465 million just to build 208 hotel rooms. Of the various rescue measures for Atlantic City passed by the New Jersey Lege, the “boutique casino” law was Continue reading

Posted in Atlantic City, Australia, Boyd Gaming, Colony Capital, Current, Dennis Gomes, Donald Trump, Economy, Harrah's, Marketing, Massachusetts, Pennsylvania, Regulation, Revel, Taxes, Tilman Fertitta, Tourism, Wall Street | 4 Comments

Trump’s brand equity hits new low

… as in so deep you can’t reach it without the services of a bathysphere. S&G has argued for a long time, with demonstrable evidence, that Trump Entertainment Resorts has nothing to lose by dumping the Trump name from its two Atlantic City casinos. Heck, you could replace the giant T-R-U-M-P with D-O-U-C-H-E and not suffer. Now we have proof that the Trump “brand” isn’t just a nullity, it’s poison. You’ve probably seen whose oversized moniker pops up at 0:10 in this familiar campaign ad. It’s in the thumbnail, too:

Anything as doggedly focused-grouped as the Obama campaign wouldn’t be flashing Das Donald’s name up there if they didn’t know damn well that it sets off a gag reflex. In fact, it’s spatchcocked that exact same visual into a recut of its newest ad (“The Cheaters”) and done it so fast that the online version hasn’t been modified yet. But I saw it, clear as day, on NBC-TV this morning. The cream of the jest is that TER lead investor Continue reading

Posted in Atlantic City, Current, Donald Trump, Election, International, Marketing, Sheldon Adelson, TV, Wall Street | 2 Comments

“Zark-who”?

If you’ve been wondering where the pre-opening buzz for Aria‘s new Cirque du Soleil show, Zarkana, is … you’re not alone. I Get Paid for This author Rick Lax is puzzled by the strange, stealthy run-up to a show that CdS prexy Daniel Lamarre has described as “a sure bet.” Perhaps MGM Resorts International is trying to manage expectations, having fallen on its bum with Viva Elvis. The company recently disclosed to Wall Street analysts that Viva Elvis was losing $15 million a year, while old reliable O is believed to do an annual profit of $30 million. Since Zarkana is essentially “pre-paid” by having been extensively road-tested in New York City and across Europe, the potential upside for MGM is enormous.

What I did on my summer vacation. If you’re in Vegas this weekend or next, you can Continue reading

Posted in Cirque du Soleil, CityCenter, Current, Entertainment, Marketing, MGM Mirage, The Strip, Wall Street | Comments Off on “Zark-who”?