Western Passage & the new Rat (Rod) Pack

Let’s try this again …

Today’s guest blog hails from the keyboard of reader Jeff_in_OKC who recently paid not one, not two but three (brave man!) visits to the Western Hotel, on the fringe of downtown Las Vegas. The Western stands in isolation, kitty-corner from the flattened remnants of the Ambassador East Motel, yet another fine real estate play by Tamares Group.

I have noticed the last few years that I am more drawn to Downtown when I read about Las Vegas. It seems like it is more fun and less crowded. Maybe it’s because it seems so much less monolithic that the overcrowded, megaresorts on the Strip. Probably it’s because I lived in downtown Oklahoma City during most of the 1990s and learned to embrace the “urban life.”

The romance and history of the older parts of Vegas, along with the chance to restore something to its faded glory is very attractive to me. Add in low prices and the heightened sense of awareness needed to stay safe in the urban environment and you’ve got my blood pumping

One of the people I have most admired in my downtown studies is Jackie Gaughan. I have read all the stories about him I can find and have a half-dozen El Cortez shirts I usually wear to work. I see him playing poker at the El Cortez and hope to work up the nerve to shake his hand and thank him for all he has done for Downtown. Haven’t been able to do it yet.

The reason for my idolatry is simple enough; here’s a man who went to work every day, and cared about his employees and customers in a challenging environment. The beautiful people this ain’t. Just working-class, typical Americans. I was touched when I read the story where Mr. Gaughan told his son, Michael Gaughan, that he just couldn’t close down the Western in 2003 or 2004, even though it was losing money, because he had over 100 employees who were like family to him and he had more money than he could ever spend.

Overview of old Las Vegas, found at the Western Hotel.

Going … going … Gaughan. Fast-forward a few years and Jackie has sold out. No, really, Continue reading

Posted in Architecture, Archon Corp., Boulder Strip, Boyd Gaming, Current, Dining, Downtown, Economy, Entertainment, Harrah's, history, Laughlin, Marketing, MGM Mirage, Michael Gaughan, Oscar Goodman, Sahara, Tamares Group, The Strip, Tourism, Transportation | 12 Comments

Murren vs. Angle

Taking a moment from fluffing Sen. Harry Reid (D-NV), MGM Resorts International CEO Jim Murren finally pointed out the elephant in the middle of the room, Sharron Angle‘s laughably primitive grasp of economics. (Except Murren used a nicer word than “primitive.”) To recap, Angle has a 747-sized bee in her bonnet about CityCenter, which she delusionally believes wrought vast harm upon the Nevada economy. She’s actually accused it of driving Silver State unemployment to the 14% level. (Seriously.) Yes, CityCenter’s dampened ADRs and occupancy on the Strip but only an idiot couldn’t have seen that coming when you drop multiple thousands of new rooms into the market, whatever your timing — and CityCenter’s couldn’t have been worse.

Tabula rasa. What do you do when your shopping mall is distinguished by vast stretches of blank wall where retail ought to be? It only took MGM nine months to answer that question vis-a-vis its white elephant, Crystals, but its response is commendably creative. Mark Reisser‘s vast graffiti mural, “Left Response,” isn’t a total solution but it’s a heckuva start. Well done.

Not so many kudos to the management of Cosmopolitan Las Vegas, which is Continue reading

Posted in Cirque du Soleil, CityCenter, Cosmopolitan, Current, Economy, Election, Entertainment, MGM Mirage, New York | 5 Comments

The fiendish plot of Dr. Stanley Ho

Launching a frontal assault on Las Vegas Sands, archrival Sociedade de Jogos de Macau has requested that the Macanese government repatriate Sites 7 & 8 on the Cotai Strip™, and award them to — surprise!Stanley Ho. There’s no love lost between ancient oligarchs Ho and Sheldon Adelson but SJM had been sniffing around the moribund Studio City project, so its sudden descent upon land designated for Adelson is a mild jolt.

Let’s be clear that nobody “owns” land in Macao except for the government. Processing of so-called “ownership rights” moves with glacial slowness there; hence Sands has already put $102 million into Sites 7 & 8, in expectation of eventual governmental approval. With Venetian Oriental (aka Sites 5 & 6) running far behind schedule — due to factors beyond Sands’ control — there’s no way the company can proceed expeditiously on those seventh and eighth parcels. However, SJM’s James Bond-themed project would be stymied for the same reason … a shortage of construction workers. Sands is at least taking the matter seriously, as it hasn’t done with other recent threats to its bottom line.

The wild card is, of course, the Macanese ruling junta, which also has designs upon Continue reading

Posted in Atlantic City, Economy, Election, Macau, Massachusetts, Pennsylvania, Politics, Racinos, Regulation, Sheldon Adelson, Stanley Ho | 3 Comments

Quote of the Day

“When concern for others’ feelings and welfare is missing, our activities tend to become spoiled. Through lack of basic human feeling, religion, politics, economics, and so on can be rendered dirty. Instead of serving humanity, they become agents of its destruction. Therefore, in addition to developing a sense of universal responsibility, we need actually to be responsible people.” — his holiness the Dalai Lama.
Posted in Charity | 3 Comments

The Big Lie

As we’ve been taught, if you’re going to tell a lie then make it a whopper. Enter Republican Advocates President Jim Clark. Having called completion of CityCenter “throwing good money after bad”, Clark unloads this doozy: “The project is now a $13 billion (with a “b”) bankruptcy employing some 22,000 lawyers, most from out of state.”

Excuse me? Mr. Clark is, at best, grossly misinformed. CityCenter is not in bankruptcy and did not cost $13 billion. As for the 22,000 lawyers, I’d like to know from which orifice that grandiose claim was pulled. So long as Clark is playing god, let’s take the wayback machine to late-March 2009, when CityCenter was on the verge of Chapter 11, with 8,500 construction j0bs up for grabs. What would Clark have had then-MGM Mirage and Sens. Harry Reid and John Ensign do? Let the thing shut down, even as it neared completion? Implode it? (The question of how the economic impact would be absorbed simply goes begging.)

The Jim Clarks of the world should Continue reading

Posted in Architecture, Economy, Harry Reid, MGM Mirage, Politics, The Strip, Wall Street | 7 Comments

Labor Day Massacre in Atlantic City

Heading into the weekend, Trump Entertainment Resorts continued its reorganization by sacking six top executives. They were preceded by Trump Plaza General Manager Jim Rigot, who wasn’t pushed but gave his notice a fortnight ago. One of the Trump Six, Trump Taj Mahal GM Rosalind Krause said she was quitting due to burn-out: “I worked weekends, I worked six days a week. My entire career has been working and sacrificing.”

However, people who quit don’t usually receive golden parachutes. Krause and Rigot are receiving a combined $1.8 million in walking-away dough, meaning that it’s going to cost Trump a lot of money in order to save money, especially with Continue reading

Posted in Atlantic City, Colony Capital, Columbia Sussex, Current, Don Barden, Donald Trump, Economy, Entertainment, Kansas, Neil Bluhm, Pennsylvania, The Strip, Tourism, Tropicana Entertainment, Wall Street | 1 Comment

Quote of the Day

“This Labor Day, if you find yourself drinking a cold brewski, cooking brats on the Weber, and complaining to your neighbor about your g.d. boss, your g.d. mortgage, and your g.d. Congress, well … you can think of those poor souls that put the holiday on the map.” — Raving Consulting Vice President Christine Faria, on the origins of Labor Day. And we think we’ve got it tough!

Posted in history | 2 Comments

Quote of the Day

“You cannot keep putting up hotels with 3,000 rooms and expect not to smother one another. They will suffocate one another to the degree that 20 years from today, they will not be in business. Talk to me in 20 years.” — Comedian and philanthropist Jerry Lewis, in August 2007. He’s savoring vindication today.

Posted in Architecture, Economy, Entertainment, The Strip | 4 Comments

Rub-a-dub-dub, three gourmands in a tub

On Nov. 15, LVA will unveil Las Vegas’ 50 finest restaurants, as chosen by the troika of John Curtas, Max Jacobson and Al Mancini. Their collective judgment will be showcased in Eating Las Vegas. As our invaluable Heidi Olson writes:

The groundbreaking dining guide will be priced at $12.95 and will feature not only a special veto section—including heated arguments about some of the restaurants prized by one critic and rejected by the others—but also quick-reference lists in a dozen categories, such as Best Cocktails and Best Cheap Eats.

Me, I’m looking forward to the argle-bargle part. And it’s a cinch that readers will find this “Best Restaurants” list of more interest than that recently cited by Cosmopolitan CEO John Unwin on his Twitter feed. Lacking Unwin’s globe-trotting budget and lifestyle, few of us can relate to his pampered palate. No such problem with Messrs. Curtas, Jacobson and Mancini — even if they turned a deaf ear to my plea that they write something about the otherworldly experience that is Pamplemousse. Ah well. Maybe Ernie Curcio will write it up as a play and engage Erik Amblad to play the maitre’d — complete with the extra-high crew cut.

Posted in Current, Dining | Comments Off on Rub-a-dub-dub, three gourmands in a tub

And then there was one

Scarcely had Steve Wynn and Victor Drai parted company than Wynn Resorts issued this curt declaration at 10 a.m. today: Cy Waits has been separated from the company and is free to pursue other interests. Wynn [Resorts] has no further comment on this matter.

That leaves Cy’s brother Jesse Waits as the only remaining head of the Cerberus that ran Wynn’s nightclub operations at XS and Tryst. In less than a weekend, Cy went from Wynn’s main man to Mr. Expendable, having been nabbed in a drug bust alongside a well-known lowlife. Even though Hilton Hotels no longer wields the clout in Las Vegas it once did, the prospective Mrs. Waits was released without bail. So it looks like Cy’s gonna be the fall guy here, but that’s how the game is played and I’m sure he knows it. Nor is Steve Wynn the man we think he is if he didn’t realize beforehand that getting into the big-money/big-risk nightclub scene would require him to periodically take out the trash.

If Cy Waits or his squeeze wind up doing any time, they might consider that the road of XS has not, in their case, led to the palace of wisdom.

Never say “die.” Either from recklessness or arrogance (does it matter which?), Las Vegas Sands never made any financial provision for losing its lawsuit with Richard Suen. It’s going to cost Sheldon Adelson‘s shareholders at lot more than the $58.6 million at stake by the time Sands gets done litigating this matter to the Nevada Supreme Court and beyond, if possible. Adelson’s newest line of argument is that jurors Continue reading

Posted in Current, Entertainment, James Packer, Lawrence Ho, Macau, Melco Crown Entertainment, Sheldon Adelson, Steve Wynn, The Strip, TV, Wall Street | 6 Comments

M life … an insurance company?

Editor’s note: While I’m busy with other projects, S&G will be hosting a few guest bloggers. First up is Detroit_1051, who noted some discrepancies in the way MGM Resorts International handles its frequent-player program …

A friend opened her mail from MGM Grand Detroit last week and saw it was regarding M life. Her initial reaction was, “I didn’t know MGM Grand sold insurance.”

She quickly learned that M life is the new, tiered players card program which MGM is rolling out at all of its casinos except for Circus Circus (left). M life replaces the current multi-property MGM Mirage Players Club. The two Mississippi casinos and MGM Grand Detroit are now “live”, and Las Vegas properties will be introduced before the end of the year.

M life’s website has an overview of Continue reading

Posted in CityCenter, Detroit, Dining, Marketing, MGM Mirage, Mississippi, The Strip, Tourism | 2 Comments

Objects in the photo may be emptier than they appear

Booking site Oyster.com is having a bit of fun with the gap between perception and reality at some Las Vegas hotels. Take for instance, that photo which shows you the Mandalay Bay wave pool as though you would have it all to yourself. (To me it looks rather sad, as though the Great Recession’s won and everybody’s gone home.) The reality, is quite different. Ditto the perception/gap disconnect between your room at the California Hotel & Casino as depicted by Boyd Gaming and as experienced by Oyster.

Good news for fans of the venerable Riviera. After seeing the place slowly go to the dogs under the late William Westerman and his successors, new owner Barry Sternlicht is looking to make a (modest) turnaround. Maintenance and other capex costs will go to $9 million/year from $3.6 million.

Whether that’s enough to do more than nibble around the edges of a tired property remains to be seen but Continue reading

Posted in CityCenter, Colorado, Current, Downtown, Economy, Election, Macau, Marketing, MGM Mirage, Riviera, Sheldon Adelson, The Strip, Tourism | 1 Comment

Quote of the Day

“I am a 70-year-old now housebound veteran with 100 percent service-connected disability. I have no attachable property or attachable income, so let them sue away. Frankly, with congestive heart failure, I did not expect to still be living this long, so I will probably be dead before a verdict is reached … ” — Marion Valentine, owner of marionsword.spaces.live.com and recipient of a recent fatwa from The Newspaper That Must Not Be Cited.

Posted in Technology | 2 Comments

Venetian Oriental delayed again; Wynn & Drai divorce

Worker-recruitment problems in Macao are worse than Las Vegas Sands has been letting on. The company has now re-postponed its $4 billion, 6,000-room Venetian Oriental into late 2011, with its second phase debuting in mid-2012. The company’s verbiage, however, raises the possibility of further setbacks. Construction is expected to take 16 months, “once we have sufficient labour to ramp up construction activities to requisite levels.” Considering that aforesaid labor is required to be 50% Macanese, there’s no telling how long it will take the workforce to reach critical mass.

Incidentally, the next time that Sheldon Adelson apostrophizes Red China as the happiest place on Earth, someone should ask him about this 60-mile traffic jam. (And you thought I-15 was bad!) It lasted at least six days and — Gadzooks! — look at that smog.

One of Adelson’s rivals, better known as Melco Crown Entertainment is feeling the love from Sterne Agee analysts. They note that Melco has almost 19% of table-game play, behind only Sociedade de Jogos de Macau‘s 29%. Market share in table play has been trending Melco’s way over the summer, “indicative of continued small refinements at City of Dreams.” Both Sands and Wynn Macau have been losting market share to Melco (+4.5%) and, surprisingly, Galaxy Entertainment (+3.5%). MGM Grand Paradise continues to lag, stuck just above 7%. At $3.75/share, the analyss argue, MPEL is grossly undervalued relative to LVS and WYNN.

From Las Vegas, this is the news. (Sorry, Shakespeare.) “In order to pursue other interests, Victor Drai has entered into an agreement Continue reading

Posted in Current, Encore, Entertainment, James Packer, Lawrence Ho, Macau, Melco Crown Entertainment, MGM Mirage, Morgans Hotel Group, Regulation, Sheldon Adelson, Stanley Ho, Steve Wynn, The Strip, Tourism, Transportation, Wall Street | 3 Comments

Eastside Cannery, muse

The neon-bathed casino on the Boulder Strip seems to have quite an inspirational effect on artists, as seen in the music video above. “ECan” has also impelled a poem from the pen of local playwright and author Ernie Curcio, who immortalized ECan predecessor Nevada Palace in his play Rambis (soon to be produced in Los Angeles). If you’ve ever been around Royal Manor, you’ll know that there’s a certain tongue-in-cheek element to these verses …

Cannery Casino

Forever brighten frail wanderers with your soft psychotic laughter

Solo, off the Strip, floating piece of Las Vegas jigsaw,

with jelly fish lighting ability, rainbow flashing

manically switching pigments like sun on oil,

the only beacon along deserted lanes before dawn

on our empty Boulder Highway

Our pulsing electric flower that pollinates the East Side with delusional bonuses and wild deuces,

glowing Lotus rooted in the muck of crystal meth and prostitution,

bubble gum monolith erected from the ashes of Nevada Palace,

flash flood fresh tears in our dry eyes,

grant us dignity in our dinginess,

let us dream of being regal as Royal Manor.

Posted in Architecture, Boulder Strip, Cannery Casino Resorts, Entertainment, history | Comments Off on Eastside Cannery, muse

Sin City, look to thy laurels!

Warning: Adult content; viewer discretion advised.

Boy, wouldn’t the Nevada Gaming Control Board go into apoplexy if, say, the Hard Rock Hotel & Casino took a page or 12 from Casino Victoria, in Minsk. At least everybody seems to be having a swell time, aside from a few bored dealers. In light of the jaded attitudes on display, I’m guessing this is just another day at the office for the Victoria staff.

Posted in Current, Entertainment, International, Morgans Hotel Group, Regulation | 1 Comment

Reid wusses out; Sucker bets, Sheldon & strippers

UIGEA repeal? Forget about it. Sen. Harry Reid (D-NV) has chickened out again. Pressed on the issue, he said he’d support the legalization of online poker but faintheartedly drew the line there. That still wasn’t good enough for some independent casino operators in the Reno area, who bitched and moaned about how this was The End of Life As We Know It.

However, since the fellas who write the big checks to Hapless Harry preside over companies like Harrah’s Entertainment and MGM Resorts International — both of which are dipping their toes into the Internet-poker millieu — the cavils of Baldini’s Sports Casino, in Sparks, won’t count for much. Would-be Internet punters shouldn’t look to Sharron Angle for help, either, as she falls in line behind UIGEA without exception. It’s hard to tell which of these two is more of tool. Some may disagree but I think “Majority Leader Chuck Schumer” has a nice ring to it, at least where UIGEA is concerned.

Thinking with their … If blackjack players would rather make 20% per payout so they can watch some hot honey shakin’ it atop the table, they deserve what they get — or rather, don’t get. Considering the revenue augmentation that the Hard Rock Hotel & Casino got from putting in the go-go girls, more power to them. (The casinos, that is.) Some fools and their money are being parted rather quickly. Of course, some forms of table dancing in Vegas casinos are more acceptable than others. I sure hope there were no players at the table when this doofus decided to disrespect the dealer and anybody else unlucky enough to be playing in proximity to him.

While we’re on the subject of fools and money, goodbye and good riddance to Dubai World, which is believed to be shopping its MGM shares and half-ownership of CityCenter. Dubai World, you will recall, are the sheiks who tried to shake down MGM by manufacturing a crisis that damn near brought CityCenter to a screeching halt. With their $4.8 billion CityCenter stake now worth approximately $1.3 billion and their MGM shares having lost 89% of their value, Dubai World is poised to take the biggest haircut since Yul Brynner. This works wonderfully well for principal owner Kirk Kerkorian, who now has a chance to reclaim a chunk of his company for cheap and simultaneously rid himself of a troublesome partner. So long, Dubai World and don’t let the doorknob hit you on the way out.

If you wish to dabble in casino stocks, you’re better off on the Hong Kong bourse. For instance, Continue reading

Posted in Australia, CityCenter, Current, Dubai, Election, Entertainment, Harrah's, Harry Reid, International, Internet gambling, James Packer, Macau, Marketing, MGM Mirage, Morgans Hotel Group, Politics, Regulation, Reno, Sheldon Adelson, Steve Wynn, The Strip, Tourism, Wall Street, World Series of Poker | 3 Comments

Early returns are in

Not electionwise but with regard to Penn National Gaming‘s racino in Charles Town, W.V., and its Hollywood Casino in Pennsylvania. The introduction of table games is buoying revenues nicely. The overall result in especially impressive in Charles Town. Not only did table games rake in nearly $6 million but slot revenues vaulted despite the subtraction of 599 machines. In July ’09, the one-armed bandits took in $31 million. This year, it was nearly $42 million (+37%). Slot win per machine went from $199/day to $305.

A partial month of table games in the Keystone State produced $2 million from 50 tables (an above-average $1,927/table — but still only good for a sixth-place finish). Despite a 110-machine increase on the slot floor, revenues rose from $21 million to $24 million year/year. Also getting more wind in their sails were Continue reading

Posted in Cannery Casino Resorts, Current, Harrah's, Neil Bluhm, Penn National, Pennsylvania, Racinos, Sheldon Adelson, Tribal, West Virginia | Comments Off on Early returns are in

Quote of the Day

“This next song is about a place where I like to drink. Whatever. I said it.” — Katy Perry, introducing “Waking up in Vegas” during her concert appearance on The Late Show with David Letterman. And people ask my wife and I why we didn’t get married here.

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

Old cats, new tricks

After one near-eviction, followed by a lengthy reprieve, magician Dirk Arthur and his big cats got the heave-ho from the Tropicana Las Vegas. Where’s tiger-loving illusionist to go? In Arthur’s case, it’s to the Strip’s biggest litter box, O’Shea’s Casino, armpit of the giant that is Harrah’s Entertainment. Arthur opens there on Sept. 13, under the auspices of the late Danny Gans‘ production partner, Chip Lightman. Performing twice nightly, Arthur promises a constantly changing rotation of at least a half-dozen different species of feline, including leopards and a liger. “I’m thrilled to introduce … some new tricks, including a gun with an audience member and another illusion with the seductive black panther. And I promise the cats will be at their best performance level; that’s why feeding time is after the show,” Arthur announced.

Now, you know I love cats. Still, the thought of being within 10 feet of these hungry big boys disturbs my sangfroid just a bit. Note to self: Don’t wear catnip-scented cologne that night.

Fun fact (courtesy of the American Gaming Association): 48% of gamblers surveyed spend $100 or less per casino visit.

Posted in Alex Yemenidjian, Animals, Current, Entertainment, Harrah's, The Strip | Comments Off on Old cats, new tricks