SLS Las Vegas: Pretty pictures and propaganda

To celebrate the first anniversary of his cold-blooded, premeditated murder of the Sahara, nightclub owner Sam Nazarian trotted out freshly hired casino boss Rob Oseland, along with some models (no, not of the runway ilk) and even a rendering that one can find on the SLS Las Vegas Web site. As Chuck Monster reports, NASCAR Café will become “The Bazaar by José Andres” (whatever happened to the beer-garden idea?), which is a big step up, for certain. And, at Katsuya, you’ll be able to eat al fresco on the Las Vegas Strip, flavoring your sushi with the fumes from passing RTC buses and mobile billboards — the latter being a pestilence unleashed upon our city by Tom Letizia, an oleaginous local ad man, dampening the letizia of many, local and tourist alike.

Taking a gander at the model, the most striking aspect of the new Sahara, er, SLS LV is how much it resembles the old Sahara. If you’re fond of the onion-dome porte-cochere or the neon marquee, have a good look at them now, because they’re goners. The gently-curved, low-rise entrance envisioned for SLS is a throwback to the look of the early Sahara and other Strip pioneers. (Two huge, silver phalluses will flank the front door. Make of that what you will.) It’s more atmospheric than the northwest façade, which is generic Rodeo Drive retail frontage, writ large.”Generic” would also be an excellent description of the new, slab-like marquee, just like umpteen others along the Strip. Imagine the Monolith from 2001: A Space Odyssey, but colored sandstone and accessorized with a video screen.

(Will it be surrounded by agitated, bone-wielding apes? No, wait, that’s Continue reading

Posted in Architecture, Archon Corp., Boyd Gaming, California, Cosmopolitan, Current, Dining, Encore, Entertainment, Fontainebleau, Goldman Sachs, Harrah's, Marketing, MGM Mirage, Morgans Hotel Group, Plaza, Sahara, Steve Wynn, Taxes, The Strip, Tourism, TV | 4 Comments

Quote of the Day

“Human beings should be allowed to make their own choices in life.” — North Carolina state Sen. Tom Apodaca (R), offering some radical advice to prudes who oppose adding table games to Harrah’s Cherokee‘s repertory .

Posted in Harrah's, Politics, Tribal | 2 Comments

Trouble in Wayne’s World

Dedicated to Mr. Charles Monster:

Wow, I totally didn’t see this comingnot! See our May 1 “Question of the Day” on Casa de Shenandoah for some ominous foreshadowing of The Wayner’s latest financial pickle. Wayne Newton‘s contractor “claims the family unreasonably delayed the project to ensure it never opens.” Newton counterclaims that aforesaid contractor was running way behind schedule and is telling “salacious lies” (my favorite kind!). Whatever the reason, the conversion of Newton’s estate into a museum — which had riled neighbors and would have required the Newtons to move to a smaller house on the grounds — has suffered several unexplained delays. This latest unpleasantness could push completion years into the future, if not kibosh it entirely. So if you were looking forward to seeing The Wayner’s Fokker jet on your next visit to Las Vegas, it’s my sad to duty to report that you’ve been fokked.

Posted in Current, Tourism, Wayne F. Newton | Comments Off on Trouble in Wayne’s World

Boyd takes Peninsula, punts Echelon (again)

Ever since a highly quixotic and even nonsensical attempt to take over most of Station Casinos, the cards have been played very, very close to the vest at Boyd Gaming. However, like another second-tier major, Ameristar Casinos, it’s showing renewed signs of aggression. Like Caesars Entertainment, it’s extending its presence into new (f0r Boyd) markets. Unlike Caesars, it’s doing so without significant capex expenditures. First came the acquisition of IP Biloxi, which has been performing up to expectations and arguably above them.

Then, in the gloaming of yesterday, Boyd disclosed that it had committed $1.4 billion to obtaining Peninsula Gaming, a riverboat-and-racino outfit concentrated in Midwest and South. So eager is Peninsula to be bought out that it’s actually loaning Boyd $144 million to close the deal. Boyd will draw another $1.2 billion from its line of credit, in addition to paying Peninsula $200 million upfront. In light of Peninsula’s $109 million cash flow last year and boffo early numbers from its Kansas casino (above), Boyd expects the purchase to begin paying for itself straightaway, increasing EBITDA 35%.

My hunch is that Continue reading

Posted in Ameristar, Boyd Gaming, Columbia Sussex, Current, Economy, Harrah's, Iowa, Kansas, Louisiana, MGM Mirage, Mississippi, Pinnacle Entertainment, Racinos, Station Casinos, The Strip, Wall Street | 1 Comment

One Vegas castastrophe, slightly used

If you’ve got a spare $1,450 handy, you can be the proud owner of the London Clubs marquee that formerly adorned Planet Hollywood‘s façade back when it was still the Aladdin, plus one baccarat chip, shipping and handling not included. (Some assembly required.) “It was the first European style casio [sic] in Las Vegas,” writes seller Mark, and undoubtedly the last, I might add. It successively broke the backs of London Clubs International and Planet Ho’s casino division, reducing both to minor principalities in the Caesars Entertainment empire. At a mere 13 feet long and 6 feet, 6 inches high, and weighing only 175 pounds, this is clearly Continue reading

Posted in Architecture, Harrah's, history, Planet Hollywood, The Strip | 5 Comments

Internet gambling: It’s here, deal with it; Another delay in Massachusetts

It’s ironic that Sheldon Adelson is expending so much lungpower and cash to try and block federal legitimization of Internet poker and possibly other games. Washington has been left in the dust by individual states and, if it did try to cobble something together, it’s going to look like a grubby attempt to horn in on individual states’ bounty. While Sheldon is shaking his fist at phantoms, Delaware is on the verge and Nevada is already ‘all in.’

So far in that the Nevada Gaming Policy Committee is having to grapple with the consequences of the Nevada Gaming Commission‘s failure to impose a governing standard for online security — and being two years away from having one. Oops. Meanwhile, Continue reading

Posted in Baseball, California, CityCenter, Harrah's, Horseracing, Illinois, International, Internet gambling, Massachusetts, MGM Mirage, Politics, Racinos, Regulation, Shuffle Master, Slot routes, Taxes, Technology, Tribal | 2 Comments

Tropicana Toronto? CityCentre? Horseshoe Etobicoke?

There’s a dark horse in the race for a Toronto megaresort … very dark. It’s Onex Corp., known to you and me as the owner of the Tropicana Las Vegas. Onex subsidiary Casino ABS owns four of the largest casinos in Alberta. So Onex owner Gerald Schwarz has some justification for saying, “We know how to operate a casino,” although on the basis of Onex’s Vegas stumbles, many would challenge that assertion. In its favor, Canadian-owned Onex has “favorite son” status. However, Schwarz’s big talk hasn’t been accompanied by a big wallet at the Trop. A promised $265 million in renovations was whittled down to $145 million, and CEO Alex Yemenidjian‘s tenure has been marred by a series of contractual wrangles and high-profile defections. It’s hard not to feel as though Schwarz is entering a Shetland pony in a thoroughbred race.

While Caesars Entertainment is still getting its pants on, MGM has sent CEO Jim Murren and a couple of veeps to the Great White North, where they’ve been putting a full-court press on Toronto Mayor Rob Ford, his brother and several other city bigwigs. Caesars’ lumbering entry into the race has all the reflexive, me-too, act-first/think-later characteristics of Continue reading

Posted in Alex Yemenidjian, Current, Economy, Election, Harrah's, Horseracing, International, Kansas, Macau, Maryland, MGM Mirage, Midnight Jim Gibbons, Racinos, Sheldon Adelson, Singapore, Steve Wynn, Taxes, Tourism, Wall Street | Comments Off on Tropicana Toronto? CityCentre? Horseshoe Etobicoke?

Quote of the Day

“I suppose there is something to be said for losing money without the inconvenience of leaving town, but that’s usually called property tax or alimony.” — pollster Peter Woolley on New Jersey citizens’ overwhelming support for sports betting. It’s symbolically legal in the state but New Jersey’s congressional delegation is doing more to force the issue than is its governor.

Posted in Atlantic City, Regulation, Sports | Comments Off on Quote of the Day

Casinos in Ohio: We have liftoff

How’s that for flair? Vegas casino openings are going to have raise their — pardon the pun — game.

Last night, Horseshoe Casino Cleveland opened with a hella big splash, packing all the nearby hotels and generating heavy media coverage. Gov. John Kasich (R) never wanted casinos in Ohio, so his absence from the festivities wasn’t a snub but showed unusual Continue reading

Posted in Current, Dan Gilbert, Harrah's, Ohio, Tourism | 1 Comment

Casino codependency, Chris Christie’s cowardice & other Case Bets

It’s too bad Steve Friess isn’t here to write this next story, because it’s right up his alley. What do you do if your big-name headliner badmouths your casino and CEO on opening night? You re-hire him, what else? Like a battered wife returning to her abuser, Tropicana Las Vegas CEO Alex Yemenidjian has signed Paul Rodriguez to be the face of in-house comedy club Laugh Factory, starting May 23. There is only one possible reaction to this stupefying announcement:

As you recall, Rodriguez’s withering, anti-Yemenidjian blasts and other passive-aggressive japes inspired — quite understandably — an immediate reaction along the lines of “He’ll never work this town again.” Well, he did … albeit at the lowly Continue reading

Posted in Alex Yemenidjian, Atlantic City, Current, Donald Trump, Downtown, Entertainment, Harrah's, Internet gambling, LVCVA, Marketing, New York, Ohio, Politics, Riviera, Sheldon Adelson, Station Casinos, Steve Wynn, Tamares Group, Taxes, The Strip, TV | 2 Comments

Canada to Caesars: “Bonehead!”; What’s (hidden) in a logo?

You can’t ask for a better diagnosis of what might be loosely called Caesars Entertainment‘s business plan than this anonymous comment from a Las Vegas Review-Journal reader: “Right now, their strategy for getting out of the hole appears to be to dig faster.”

Continue reading

Posted in Economy, Harrah's, history, Horseracing, International, Marketing, MGM Mirage, Ohio, Penn National, Racinos, Regulation, Sheldon Adelson, The Strip | 3 Comments

Lovemaniacs, rejoice!

A Friday computer glitch that destroyed half an S&G posting also accidentally closed “Comments” for “Lovemania comes to Cleveland.” Thankfully, LVA‘s Webmistress Jessica was able to rectify the situation with a few mouse clicks. Thanks also to the eagle-eyed Caesars Entertainment player who spotted the problem and alerted us. Opine away!

(Not only did the computer hiccup destroy a fair amount of work, it Continue reading

Posted in Harrah's, Movies, Ohio, Technology | 1 Comment

Jersey voters jeer ‘Net bets; A friend in high places

We’ve never been this close to Internet gaming. We’ve talked about it for 10 years. And we’re closer than ever to sports betting. It certainly takes New Jersey outside traditional gaming and puts us at the forefront of the initiatives that can change the dynamics of our jurisdiction,” — veteran gaming attorney Lloyd D. Levenson.

Better stick that rhetoric back in your briefcase, Lloyd. The long odds facing Atlantic City got a bit longer this weekend with the release of a Fairleigh Dickinson University poll that shows 58% opposition to Internet betting, even if run by reputable Boardwalk casinos. With only 31% support, this looks like a dead duck for several election cycles to come. Both state Sen. Raymond Lesniak (D, right) and Gov. Chris Christie (R) would be wasting political capital if they took this issue to the polls. Sports betting is one thing to the Garden State electorate — and inarguably essential to Atlantic City’s survival — but ‘Net bets are a bridge to far for the public to cross.

As for the early performance of Revel, if we look six months Continue reading

Posted in Ameristar, Atlantic City, CityCenter, Current, Election, Internet gambling, Massachusetts, Politics, Racinos, Revel, Tourism | 2 Comments

Lovemania comes to Cleveland

Looking like death warmed over, Caesars Entertainment CEO Gary Loveman took time from promoting the opening of Horseshoe Cleveland to try and spin the unloading of Harrah’s Maryland Heights as another brilliant masterstroke, rather than more evidence of the shambles into which he’s put a once-proud company. “Putting aside our status as a levered company,” he pontificated, as though roughly $20 billion in debt were but a minor inconvenience. What a card! Doesn’t that deadpan sense of humor just slay you?


Loveman was careful to fertilize the b.s. with a few seeds of truth, as when he told reporter Howard Stutz that sometime rival, sometime benefactor Penn National Gaming paid him “a handsome price” for Maryland Heights and that the market was “over-saturated.” He also confirmed previous newspaper reports that Continue reading

Posted in Atlantic City, Colony Capital, Columbia Sussex, Current, Dan Gilbert, Economy, Florida, Harry Reid, Marketing, Maryland, MGM Mirage, Missouri, Neil Bluhm, Ohio, Penn National, Pennsylvania, Racinos, Wall Street | Comments Off on Lovemania comes to Cleveland

Quote of the Day

“But there is surely something here: the notion that being privileged and conformist requires actual punishment of the marginalized and under-privileged; that you pick on younger, weaker boys, not older ones; and that you psychologically traumatize the victim by permanently marking his body.” — Andrew Sullivan, on a societally condoned activity that’s back in the news. My two cents on bullying: As formative experiences go, I don’t recommend it, especially if you’re the nonconformist being targeted.

Posted in Uncategorized | 2 Comments

Revel: Can’t drive 55?; Another setback in Massachusetts

Revel, the new, $2.4 billion casino on the Boardwalk has been conducting a sort of “stealth opening,” conducting a two-month-plus dry run. Along with the stealth opening come what you might call “stealth revenues”: $13 million-plus in its first full month. In an attempt at damage control, Revel itself released the numbers a day ahead of the New Jersey Casino Control Commission‘s disclosure. Revel CEO Kevin DeSanctis must really have some pull: It’s not every casino owner who can get American Gaming Association President Frank Fahrenkopf (left) to spin-doctor your disappointing early numbers. However, Borgata exec Joe Lupo wasn’t losing any sleep over the new competition. Given that DeSanctis has to integrate 55 tech systems into an IT superhighway, myriad problems were to be expected. The question raised by Revel’s shaky shakedown cruise is whether it’s worth it in the short run to work out the bugs at the literal expense of paying customers for the sake of booking some near-term revenue. Sheldon Adelson did this to some conventioneers at Marina Bay Sands — then sued them for having the temerity to dispute the bill.

What continues to hang fire is the question of whether Continue reading

Posted in Atlantic City, Boyd Gaming, Colony Capital, Current, Donald Trump, Economy, Florida, Harrah's, Horseracing, Illinois, Massachusetts, Racinos, Regulation, Sheldon Adelson, Singapore, Steve Wynn, Technology, Tilman Fertitta, Tourism, Tropicana Entertainment | 1 Comment

Sheldon speaks

… as does Las Vegas Sands COO Michael Leven. The big man starts talking four minutes in, following a introductory flourish of boastfulness and fawning intermingled. I feel bad for the interviewer: Sheldon Adelson can’t even accept Continue reading

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Massachusetts: Now *this* is interesting; Bluhm’s shameless hypocrisy; Casino John

In an attempt to shave a few months off their casino-approval timeline, the Massachusetts Gaming Commission is going to put the horse before the cart. (I guess you’d call it a “Massachusetts Miracle.”) Potential operators’ fiscal and ethical probity will be plumbed before applications are taken under consideration. This will hopefully spare the Bay State some of the unpleasant surprises that befell Kansas, for instance, such as when hand-picked Peninsula Gaming was caught committing electoral malfeasance in Iowa. Oops.

Although the Commission’s innovative gambit means all potential applicants will have to be investigated at once, if it works as planned, the first casinos could be operational by the first quarter of 2015. In the case of Caesars Entertainment, that’d be sneaking in just under the wire, considering how much is riding on Suffolk Downs turning out to be  cash cow for Gary Loveman‘s debt-saturated company. Commissioners will certainly have their work cut out for them, pondering Caesars’ balance sheet and Suffolk Downsmajority shareholder Richard Fieldsfarcical and drawn-out attempt to buy Trump Marina … a futile process that was more like a Continue reading

Posted in Ameristar, Atlantic City, Current, Don Barden, Donald Trump, Economy, Harrah's, Horseracing, International, Iowa, Kansas, Macau, Massachusetts, MGM Mirage, Neil Bluhm, New York, Ohio, Pansy Ho, Penn National, Pennsylvania, Politics, Racinos, Regulation, Singapore, Taxes, Tribal | 1 Comment

Beaten in Beantown: Steve Wynn calls it quits

Just like that, another Las Vegas casino heavyweight has hit the canvas in Massachusetts. Election results in Foxborough spelled doom for Steve Wynn‘s proposed resort (below) and neither he nor New England Patriots owner Robert Kraft wasted any time throwing in the towel. Their complete statements make it clear that this is more than a “suspension”: “For the past six months, Wynn Resorts has sought to communicate the benefits of a proposed destination resort,” the Wynn declaration begins, rather peevishly, with a subtext of “but you chowderheads didn’t listen.” (Shades of Wynn’s precipitate and bitter withdrawal from the Philadelphia market.)

Between this and MGM Resorts International‘s bungled due diligence in Brimfield, the champions are getting their clocks cleaned. Although I don’t make it a practice to second-guess the electorate, it’s difficult to disagree with local real estate agent Mille Cetrone, who lamented, “Wynn is the best of the best and the town let him walk away … This was the best place for a casino and we let it slip through our little fingers. I think we lost a golden opportunity.”

Instead, the Boston area will get … Continue reading

Posted in Current, Election, Harrah's, Massachusetts, MGM Mirage, Pennsylvania, Racinos, Regulation, Sports, Steve Wynn, Tribal | 3 Comments

“It was 20 years ago today …”


Well, not quite. But with the Southern Gaming Summit convening today in Biloxi, it’s as good a moment as any to look back on the quaint beginnings of what’s now a kind of American Riviera. Eleven casinos, 5,598 hotel rooms, 11,335 employees and $323 million in tax payments later, it’s pretty remarkable to think that it all grew out of Continue reading

Posted in Atlantic City, Boyd Gaming, Carl Icahn, Columbia Sussex, Current, history, Isle of Capri, Marketing, Mississippi, Tropicana Entertainment | Comments Off on “It was 20 years ago today …”