Ka-BOOM!

This just in: The race to become the first Strip hotel to be demolished without ever having opened has been won by … The Harmon. Details are sketchy but MGM Resorts International‘s decision will surprise few. Allegedly culpable Perini Building Co. will oppose, of course. It wants to get paid. Perini claims it can do a little buttressing here, some spackling there and — Presto! — “Dubai’s Diminuendo” will be ready for occupancy. But no amount of ex post facto extra rebar can repair a fatally damaged public perception of The Harmon, which has long since been disowned by its architect, Sir Norman Foster. Besides, CityCenter has no foreseeable need for Continue reading

Posted in Architecture, Cirque du Soleil, CityCenter, Current, MGM Mirage, The Strip | 1 Comment

Quote of the Day

“As a journalist writing about casinos [and] gaming at David McKee’s Stiffs [&] Georges, I’m sure you get a lot of questions from readers about how they can improve their poker games.” — uhhhh, no … I don’t, actually. But if S&G regulars are also poker players, Discovery Channel has a page just for you.

Posted in Current, Entertainment, Internet gambling, TV | 1 Comment

The trailer was great but the movie tanked

All that’s missing is Megan Fox in a tank top.

“OK, politics isn’t being devised for our entertainment — although given the dismal situation, finding the humor often seems the only way to get through the week.” — Paul Krugman, on the box-office bomb that was Tim Pawlenty‘s summer blockbuster. The picture may have been good but the opening-weekend grosses were less than Transformative.

Posted in Current, Election, Iowa, Marketing | 1 Comment

Pain in the ACH

In the shrinking Atlantic City market, where most of the casinos are operating in the red, it was inevitable that one or two of the so-called “parasitic” ones would bite the dust. While the ex-Atlantic City Hilton (preposterously rebranded as “ACH“) hasn’t had the Last Rites read yet, industry analysts are already penning its obituary. Even if it were given away, it’d be an expensive proposition: It’s on pace to lose $28 million this year and rebranding the property will cost millions more. That’s just the beginning of the hidden costs involved.

The downfall of Atlantic City’s gaming-centric economy may be the prime suspect in “Who shot ACH?” But a lengthening trail of bloodstains leads eventually to the executive offices of Continue reading

Posted in Atlantic City, Colony Capital, Dennis Gomes, Donald Trump, Harrah's, history, Marketing, Mississippi, Penn National, Regulation, Tilman Fertitta, Tribal | 3 Comments

Next stop, Wynncore?

I guess a casino hasn’t truly “arrived” until Carmen Electra graces an event on its premises. This time it’s Palazzo‘s turn, as Carmencita hosts something nightclub thing or other. Which reminds me that Electra performed at Pussycat Dolls Burlesque Saloon in Planet Hollywood when it opened recently. Having neglected to Continue reading

Posted in Encore, Entertainment, Harrah's, Planet Hollywood, Sheldon Adelson, The Strip | Comments Off on Next stop, Wynncore?

Hilton: worse than it looks

In the cold light of day (i.e., Chris Sieroty‘s Review-Journal coverage), the situation at the Las Vegas Hilton appears still more dire … if such a thing is possible. Remember that roughly a third of the LVH is owned by a Goldman Sachs subsidiary? And guess who’s holding the note that Colony Capital restructured once and may do so again? Goldman Sachs Commercial Mortgage Capital, that’s who. No wonder that lender Goldman has shown such patience with owner Goldman’s lack of solvency. At least Colony’s Tom Barrack has managed to grab one major creditor by the short hairs. It’s quite a day when the thing keeping you out of Chapter 11 is your co-owner’s conflict of interest.

To belabor the obvious, what’s keeping the LVH’s lights on is the hotel’s convenience as Continue reading

Posted in Atlantic City, Carl Icahn, Colony Capital, Economy, Goldman Sachs, Lake Tahoe, Laughlin, The Strip, Tropicana Entertainment, Wall Street | 2 Comments

Colony craps out again

Gaming’s Mr. Magoo, the disaster-prone CEO of Colony Capital, Tom Barrack has done it again. The Las Vegas Hilton has defaulted on one of its loans (again), a too-familiar revelation where a Colony-owned property is concerned. Although it lost $1 million less last quarter than a year earlier, that’s still $8.9 million in red ink. Players are playing less (casino revenue down 9%), stayers are staying less — or at least paying less for their Hilton rooms. They’re certainly eating less. Now that Caesars Entertainment has snatched the annual Star Trek convention away from the soon-to-be-ex-Hilton, the third-quarter numbers are likely to be pretty ugly, too.

Meanwhile, Barrack goes cap in hand to other hotel brands, looking for a name to replace “Hilton” on the oversized marquee. More ominously still, Continue reading

Posted in Colony Capital, Cretins, Current, Dining, Economy, Entertainment, Goldman Sachs, The Strip, Wall Street | 1 Comment

Elvis & Eva have left the building

Two axes fell upon CityCenter in one day. It’s tough to decide which is more newsworthy. I’ll go with the Beso story because it has a not-so-hidden upside. Golden Nugget CEO Tilman Fertitta is feeling sufficiently bullish to plant his flag on the Strip. Since Tilman will be buying Beso out of bankruptcy, he’ll get it for cheap ($1 million) and he owns so many restaurant brands (with 300-plus manifestations) that he’s got millions of customers to whom he can market Beso … or whatever he’ll call it. The alliance of convenience between two Texas celebrities is already big news in the Lone Star State.

Longoria’s peeps can suppsedly shop Beso around but the likelihood of better offers appears slim and PR Newswire reports it’s a done deal. Since the restaurant’s cashbox is empty, management’s previous declarations of optimism have become “inoperative,” as Ron Ziegler would have put it. Since Fertitta is prepared to advance operational expenses to keep Beso open, manager William Braden would be wise to Continue reading

Posted in Cirque du Soleil, CityCenter, Columbia Sussex, Current, Dining, Economy, Entertainment, International, Marketing, Massachusetts, Texas, The Strip, Tilman Fertitta, Tourism | 1 Comment

Tourists behaving badly

While Navy SEALs are dying heroically in Afghanistan and putting Osama bin Laden on ice, one of their former colleagues has been trying to beat the rap for a rampage of random violence he conducted on the Las Vegas Strip. Not to exculpate the seaman in question but who the bloody hell was minding the store at Tao when he was served 18 drinks over a five-hour period? (Not “eight or nine” as the assailant claimed.) Did nobody notice that his bar tab was getting somewhat elongated or that he’d consumed enough booze to float a battleship? Vegas is synonymous with excess, but there’s excess and then there’s flat-out irresponsibility. Luke Shawley may be headed for the brig but someone at Tao should be getting the boot. Oh, and where, oh where, the frak was casino security, especially when Shawley’s rampage Continue reading

Posted in CityCenter, Cretins, Current, Environment, MGM Mirage, Sheldon Adelson, Sports, The Strip | Comments Off on Tourists behaving badly

Debt: the final frontier

As a total addict of Space: 1999, I couldn’t let this pass without sharing it.

To those not familiar with Gerry Anderson‘s highly idiosyncratic Continue reading

Posted in Current, Economy, TV | 1 Comment

Thanks but no thanks

My birthday coincides with “Free Ride” day on the Desperado at Primm Valley Resorts. From 12:15 p.m. to 7:45 p.m., on August 16, you can be terrorized to your heart’s content. And terrifying it is: My wife and I tried the Desperado recently and found its whiplash considerably more violent than on our previous visit, in mid-2007. You can write me off as an old fogy if you like but the missus lurves her some roller coasters, the scarier the better. But the rattletrap condition of the Desperado really put the fear of God into her and not in a good way. She’s sworn it off permanently.

Also dampening the spirits of our impromptu Primm visit was that most of the rides and attractions at Buffalo Bill’s were closed for the day … just as they were on our ’07 Memorial Day visit. Of the few that were running, Continue reading

Posted in Current, Entertainment, Fontainebleau, Herbst Gaming, Tourism | Comments Off on Thanks but no thanks

Spinmeister Santo

Remember how the Union Plaza used to be on track for a “grand soft reopening” (love that phrase!) on August 24? Somewhere along the way, that target date fell by the wayside. Solution? Generate a blizzard of stories like this one — and many others — in which the August date has mysteriously vanished and now the reopening date is September 1, period, and somehow “ahead of schedule.” Now one of the banes of the casino industry is Ye Olde Squishy-Soft Opening, of which Sheldon Adelson is the ninja master. If your property’s not ready for the paying public, it shouldn’t open. Why subject customers to a prettified construction site? (It had litigious consequences for Adelson’s Marina Bay Sands.) If Play LV CEO Anthony Santo is going to be really, truly, completely ready on Sept. 1, 2011, then let the games begin! If he starts a trend, better still.

Of course, this may run a cart and horses throug Continue reading

Posted in Architecture, Carl Icahn, Current, Downtown, Entertainment, Fontainebleau, Herbst Gaming, Sheldon Adelson, Singapore, Tamares Group, Technology, Tourism | Comments Off on Spinmeister Santo

Quote of the Day

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Boob job

Bankrupt, 38-year-old Hooters Hotel got a two-month reprieve yesterday, as owners obtained a judge’s permission to keep spending creditors’ monies to keep the place open for an additional two months. That will at least give employees time to update their resumes. Majority creditor Canyon Capital Realty Advisors, however, is not amused by Hooters’ sagging financials, which have been drooping steeply since late 2007. In particular, subsidiary Canpartners takes exception to increases in executive pay at a time when rank-and-file salaries were cut over 25% and nearly 40% of employees were pink-slipped, to the point where Hooters has fewer full-time employees (605) than hotel rooms (696). In one instance, the timing of a $116K salary boost has at least the unbecoming appearance of a smash-and-grab raid to clean out the safe before bankruptcy was filed. Then again, perhaps Hooters’ braintrust believes that a CFO who has helped lead them into Chapter 11 deserves a 38% raise. You make the call.

Canyon’s endgame is clearly to force current leadership out and get Hooters firmly in hand — or at least cough those big salaries back up in the form of reinvestment. Of the three likely scenarios Continue reading

Posted in Alex Yemenidjian, Architecture, Columbia Sussex, Current, Dining, Economy, Entertainment, Harrah's, history, Hooters, IGT, Macau, Marketing, MGM Mirage, Regulation, Riviera, Sahara, Sheldon Adelson, Steve Wynn, The Mob, The Strip, Tourism, Wall Street | 7 Comments

A different Vegas

If you’re coming to Las Vegas and wish to see how it’s experienced by those of us who live here, then check out the photographs of Angela Bellamy. Her “Pano Project” will be on display at the Charleston Heights Arts Center from Aug. 25 through Oct. 27. Most of her panoramas are so wide that they can’t be reduced to an S&G-friendly size. But if you want to see the real McCoy, the exhibit is free, making it worth the cab fare it’ll cost you to get there from your hotel. (Photo courtesy of the City of Las Vegas.)

Posted in Current, Entertainment, Tourism | Comments Off on A different Vegas

Kiss of death

All things must end. The forced exit of Jerry Lewis from the Muscular Dystrophy Association‘s annual telethon puts the penultimate nail in the coffin of an ancient Las Vegas institution. The telethon format is cumbersome and inefficient compared to emerging technologies (and this particular one has been Continue reading

Posted in Current, Entertainment, The Strip, TV | 2 Comments

Quote of the Day

“Put another way, in a month in which Washington intentionally concocted a crisis designed to foment uncertainty and paralysis, companies added about 38,500 jobs per week.” — Yahoo Finance Economics Editor Daniel Gross on yesterday’s job numbers and Continue reading
Posted in Current, Economy | Comments Off on Quote of the Day

Casino Cacophony

As my growing freelance workload continues to limit my S&G time, I’m happy to yield the floor to University of South Carolina journalism professor — and frequent Vegas visitor — Augie Grant, who has another guest contribution to make. I just hope you’ll be able to hear him over the din …

As an occasional visitor to Las Vegas (a few times a year), I appreciate the opportunity to share observations via Stiffs & Georges. During a July visit, a new challenge emerged on the casino floor—noise! Now, I realize that noise in a casino is nothing new. I remember the “old days” when the slot machines paid off in coin that were designed to hit metal pans, making as much noise as possible. The machines made noises, too, but the notes were primarily in the major chords of G, F and C. The noises fit together, giving a unique and exciting sound to the casino floor. (Yes, some casinos were more unique than others—the noise level at the old Sassy Sally’s downtown was the loudest I remember, but I’m sure that a few others could challenge the volume.)

But things have evolved since. The new generation of interactive slot machines still provides the same type of noises during regular game play. But the payoffs and bonus rounds have added a new range of noises that are designed to make the games more exciting. And it works — I’m not normally a slot player, but I was lured by the new Star Trek game that provides a unique progressive round that allows the player to build a fleet that will battle in the bonus round. The video, voices and animation are great, and you even have a volume control so you can hear it (and feel it through Continue reading

Posted in Architecture, Colony Capital, Cosmopolitan, Entertainment, Technology, The Strip | 3 Comments

Oscar™

Considering that Sheldon Adelson would try to trademark the rays of the sun, if only he dared, who can blame Oscar Goodman for getting into the franchising game? According to Tamares Group‘s media rep, Amy Maier, the ex-mayor doesn’t own any percentage of the new Union Plaza steakhouse bearing his name. However, he is “licensing his name for the restaurant and will be very involved in the decisions regarding the concepts of the restaurant including design, decor, menus, etc.” In view of Hizzoner’s well-known outspokenness, I have no doubts as to his degree of creative involvement. Between the Goodman announcement and the Insurgo Theater media splash last week, the Plaza is generating a pretty good PR tailwind going into this month’s grand reopening.

Posted in Current, Dining, Downtown, Entertainment, Marketing, Oscar Goodman, Sheldon Adelson, Tamares Group | Comments Off on Oscar™

New Blue Eyes

Las Vegas is rife with Frank Sinatra impersonators but construction worker Gary Russo is better than any I’ve heard. Sandy Hackett, sign this guy up, stat!

Posted in Current, Entertainment, Riviera | 3 Comments