Case Bets: Meow!; Dr. Death; Spineless Dems

Diss of the Day. “Having just raised the newsstand price for weekday and Saturday editions by 50 percent, the Las Vegas Review-Journal announced Monday it has eliminated sections of the paper as a cost-cutting measure.” — lead sentence of the Las Vegas Sun‘s coverage of cutbacks at its crosstown rival.

No tears for Desai. The doctor whose reckless methods put thousands of people — including our own beloved Jean Scott — at risk has suffered a stroke. I’m not going to be needing any crying towels and, judging from the all-schadenfreude “Comments” thread to that story, neither is anyone else in town. My favorite comment was also the shortest. It reads simply, “Karma.” (Although, “Lets [sic] hope that this is nothing trivial” is almost worthy of Oscar Wilde.) As ever, brevity is the essence of wit.

Harry Reid (D-Invertebrate). Sometimes — actually, very often these last seven years — it’s embarrassing to be a Democrat. Party “leadership,” as constituted by the likes of our own Sen. Harry Reid, desperately needs a spinal infusion. The ceaseless capitulations to a mostly reviled administration are difficult to stomach: Patriot Act, FISA telecom immunity, Iraq War funding and now this (I’d be less opposed if Big Oil was actually using all the leases it already has; this smells of corporate welfare to me).

The dead giveaway is buried at the end of the story, where a lobbyist displays unusual candor and says: “We never presented this as going to have an immediate impact on lowering the price of gasoline.” Ah, truth in Washington — now there’s a precious natural resource.

As usual, Hugh Jackson says it best, with accompanying Photoshop drollery. At least Hapless Harry can take solace in the news that the Justice Department says it has caught yet another GOP lawmaker with his hand in the cookie jar. I don’t agree with Rep. Dean Heller (R-Nev.) about much, but he’s right that there’s a culture of corruption that needs to be blown away by winds of change come November.

Occupancy rate or price point? Which is more important? Michael Gaughan has decided it’s the former, which is why he’s discounting room rates as deeply as 40% to amortize the extra cost of gas to get from SoCal to South Point. Liz Benston has more on it, plus a prognosis on the future of the cell phone ban in Nevada sports books. Forecast: still cloudy.

Posted in California, Current, Election, Environment, Politics, The Strip | Comments Off on Case Bets: Meow!; Dr. Death; Spineless Dems

Lamest casino promotion. Ever

Not long ago, I received an oversized postcard in the mail from Eastside Cannery Casino Hotel (or E-Can, in LVA parlance). They want me to go to www.cannerycasinos.com and sign up for a players’ card. And what do I get for adding my personal info to Cannery’s database? Just you wait!

Woo-hoo! I get to motor down to E-Can and pick up a free commemorative grand opening T-shirt! I could practically “Squee!” from the excitement. It’s almost as thrilling as meeting Amanda Tapping.

Well, no, actually it isn’t.

I mean, how many free-tchotchke promos are out there? And haven’t you lost count of Continue reading

Posted in Boulder Strip, Boyd Gaming, International, Michael Gaughan | Comments Off on Lamest casino promotion. Ever

Donald Trump: ass; David Snow: hero

Don't you wish you lived in whatever parallel universe is inhabited by Donald J. Trump? If you did, you could claim that your 60%+ unoccupied Trump International — which just sacked 20% of its workforce — is an incredible success.

You'd also be able to maintain that the 73 employees you let go will be rehired when (if ever) sales on the last of your Las Vegas condo units closes. Nah, they're not out looking for new jobs or anything like that; they're just putting their lives on hold until the Trumpster calls to offer them their old job back. Wouldn't you? Besides, eating is so overrated.

In Trump Land, you're also able to grant access only to news organizations whose coverage you deem acceptable. And you spew profanities at reporters whose coverage was strictly factual. Nah, the only "bullshit" here is that being spewed by the real estate magnate Spy magazine habitually referred to as a "short-fingered vulgarian."

The incredible shrinking R-J. Details of the downsized Las Vegas Review-Journal are provided by Steve Friess. The paper will be making some of its content Web-only (instead of using the Web site a "backup" of the print version) and will reduce Corey Levitan's "Fear and Loafing" column to monthly status. So it's a big step forward, in some respects. Parent company Stephens Media still hasn't come to terms with the 20th century but it's nice to see it get dragged kicking and screaming into the 21st.

Boyd Gaming roasted. While largely focusing on the spinelessness of OSHA, a Los Angeles Times piece provides further details on a grisly 2007 accident at The Orleans that claimed two lives and disabled employee David Snow. It also adds a new wrinkle to the saga, in the form of a partial cover-up of a 2001 accident.

In closing, the article notes that both Snow and the late Travis Koehler were recently acknowledged by the Carnegie Hero Fund Commission. Their heroism is unquestionable — but it shouldn't have cost them their lives or health.

And since Echelon hasn't been dogged by the myriad safety issues that cloud MGM Mirage's CityCenter, we can hope that Boyd is running a tighter ship these days. Of the big gaming operators in Las Vegas, Boyd has been the most scandal-free … until this OSHA imbroglio. It's a truly unfortunate blot on one of the cleanest eschutcheons in the casino industry.

Posted in Boyd Gaming, Donald Trump, MGM Mirage, Regulation, The Strip | Comments Off on Donald Trump: ass; David Snow: hero

Quote of the Day

"There is better stuff than that." — Penn National Gaming CEO Peter Carlino, referring to the Las Vegas Tropicana, in a discussion of possible Las Vegas acquisition targets.

Posted in Columbia Sussex, Penn National, The Strip | Comments Off on Quote of the Day

A dirty rotten shame

According to local entertainment scribe Mike Weatherford, the new ownership at the Sahara is trying to re-up with promoter Larry Marshak‘s ersatz Platters/Coasters/Marvelettes act. Thanks to the byzantine histories of these groups and their ever-rotating membership, sufficient loopholes have existed for Marshak to peddle a variety of impostor bands hither and yon.

The groups whose identities Marshak counterfeits have the common root of being ones whose members were largely anonymous to the public and were comprised of African Americans and a time when the latter were second-class citizens, with little means of recourse. The impostor act at the Sahara perpetuates a shameful history of exploitation. Current casino owner Sam Nazarian has a chance to either break with this sharecropper business or become complicit in it. Deplorably, it looks like he’s opting for Door #2.

Chip off the old block. If you go to www.billyung.com, you’ll find the son of Columbia Sussex CEO William J. Yung III striking out on his own, starting with an Osage Beach, Missouri resort. My favorite page is this one. No, the apple doesn’t fall far from the tree, does it? Maybe the Web site designers were too busy puffing around Columbia Sussex HQ on the elder Yung’s miniature choo-choo train (see end of story).

Posted in Columbia Sussex, Sahara | Comments Off on A dirty rotten shame

Gold Coast buffet update, etc.

I just heard from Boyd Gaming and they say that the corned beef/chicken choice at the Gold Coast buffet's carving station was the luck of the draw and not indicative of a cutback. Roast beef, turkey and brisket are still in the rotation, I'm told — just not on the night we were there. It's not the greatest buffet in Vegas but it's skies above the comparably priced one at the Tropicana, where they actually had the gall to jack up the tab recently, even though the food choices are few and service borders on nonexistent.

Win-win situation? A spy in the ladies' room after a Saturday-night showing of the Mamma Mia! film says that the buzz was very positive, with several ladyfolk saying it made them want to see its Mandalay Bay incarnation* (or see it again). So the notion that the movie might actually put new legs under the stage version, instead of kneecapping it, maybe isn't such a pie-in-the-sky idea, after all.

For those of you who are interested in such things, the movie pulled in $27.6 million its opening weekend, putting it in line with The Devil Wears Prada's opening and $2.5 million-$4.5 million ahead of projected grosses.**

*–Warning!: The video clip also features the horrific noise that is Jerry Lewis.

**–Anyone care to theorize why IMAX showings of a little number called The Dark Knight ($158.3 million in three days) are selling out at Red Rock Resort but not at The Palms? Have customers been burnt once too often by Johnny Brenden's habit of charging $14 for IMAX prints that look like 90 miles of bad road but which his cinemas are evidently too damn chintzy to replace?

Columbia Sussex follies. Even though Tropicana Entertainment is going to be shooed out of the Horizon, in Lake Tahoe, in 2012, owner Columbia Sussex is parting with a few pennies to try and make the place viable in the meantime. Well, at least to the extent of rolling out an Elvis Presley Suite.

That, and there are myriad deferred-maintenance issues to be addressed now that ColSux/Trop has capitulated to landlord Park Cattle Co. This might include the plumbling that got blogger Chuck Monster drenched one memorable night when "a water pipe burst in the ceiling of the casino… raining buckets of water on slot plunkers in the middle of the casino floor and a torrential river of water out the side door of the casino."

Ah yes, the Bill Yung philosophy of "Excellence in Hospitality" in action.

Posted in Boyd Gaming, Columbia Sussex, Lake Tahoe, MGM Mirage, Movies | Comments Off on Gold Coast buffet update, etc.

Gold Coast buffet

Our ongoing buffet crawl took us to the Gold Coast last night. After applying a Pocketbook of Values coupon, it came out to $11.80 for two people, which definitely counts as a bargain play, provided you manage your expectations somewhat. For instance, anticipate fewer items per category … but also a few categories you might not expect, like “Mongolian.”

The food offerings aren’t identified, unless you count some places where things like Continue reading

Posted in Boyd Gaming, Harrah's, Isle of Capri, Mississippi, Wall Street | Comments Off on Gold Coast buffet

Good riddance at Boyd

Former Nevada Athletic Commission chairman. Former Boyd Gaming director. Member of the 197-person "Midnight Jim" Gibbons transition team. Out-and-out disgrace. That'd be Luther Mack, who walked the plank at Boyd Gaming last week, not (as I speculated at the time) on account of company politics, but because his company, Mack Associates, was engaged in a criminal enterprise.

For a prominent Nevadan, Mack did an excellent job of keeping his legal troubles out of the newspapers — at least until The Associated Press broke the story, two days ago. Considering that Mack Associates actively connived at encouraging and facilitating the employment of illegal aliens, if somebody was going to have the book thrown at them, it hit the right target.

There really ought to special circle of jurisprudential Hell for companies that conspire to screw citizens of their own country out of jobs in favor of illegal immigrants. The latter are going to try and get those jobs — that's why they snuck in here, after all — but what sort of boneheaded businessman decides to engage in the facilitation and furtherance of the crime? And if the government is correct in its allegation that Mack Associates was providing its illegal burger-slingers with Social Security numbers that rightly belonged to other people, well, that'd be one of the scummiest sorts of fraud imaginable.

Mack wasn't indicted personally and he might try to push mid-level managers under the bus. Yet the fact that guilty pleas were entered by a vice president, director of operations and controller is hardly a vindication — unless Mack's preferred line of defense is that he was a clueless bozo who didn't know what was going on at the company that bore his name. In which case, one might ask why he felt competent to serve as an officer of Boyd Gaming.

Maybe Boyd was as blindsided by this as the rest of community. Considering that Mack's fast-food joints got busted by the feds last September, if Mack didn't clue Boyd in on his legal troubles sooner, he should have — as a matter of directorial responsibility if nothing else. In fact, he should have stepped down as soon as la Migra came knocking. And if Boyd didn't demand his resignation the moment Mack's problems became known to them, they should have.

It cannot be said too often that, given its past, the casino industry is like Caesar's wife and has to be above even the appearance of impropriety. There's a widespread perception (undoubtedly with at least some basis in fact) that illegal immigrants form a sizeable percentage of the Vegas casino labor pool. Under any circumstance — and especially that one — Mack is baggage that Boyd did well to throw overboard, and should have done at the first whiff of trouble.

Update: Given the opportunity to clarify the timeline on l'affaire Mack, Boyd Gaming balked at doing so and put the onus Mack himself to explain matters. The company was at pains to characterize the event as routine.

No free lunch — or coffee. A latté-sipping local publisher whines about the closure of 17 Starbucks outlets and how it will force him to drive a few blocks farther for some $5 espresso. Hey, them's free-market economics in action, baby.

(It looks like the Gulf Coast of Mississippi is a stronger bastion of Starbucks than is Las Vegas: 0 closings to our 17. Who knew?)

Posted in Boyd Gaming, Current, Mississippi, Regulation | Comments Off on Good riddance at Boyd

The Ameristar war begins

Just a quick hit on my way out the door to spend an evening prepping for The Dark Knight by watching Batman Begins

Ameristar's in play. No news flash there and, for the life of me, I can't figure out why the Motley Fool thinks MGM Mirage will be the ultimate acquirer. The company doesn't seem particularly interested in regional markets these days and has been pulling back from some of them — the same outstate-Nevada kinds in which Ameristar currently operates.

On the other hand, as the article points out Crown Ltd. has $5 billion burning a hole in its pocket after the Las Vegas Tower deal went limp. I don't know offhand what the seven-times-cash flow number for Ameristar is, but $5 billion should cover it with room to spare. The Fool lays out a compelling case for how Crown could use Ameristar's properties to funnel customers to Fontainebleau — much as Harrah's Entertainment did with The Rio, back in the Phil Satre era.

Then again, there's Penn National, which has about $500 million in mad money (after stock buybacks) right now, thanks to the breakup fee from its busted IPO. With another $775 million promised to Penn, it ought to be able to ante up the acquisition fee without breaking a sweat. Ameristar's Missouri properties have been money-spinners and, as the Fool points out, the acquisition of the Ameristar brand would enhance Penn's persistent second-tier image. A combined Penn-Ameristar would give Pinnacle Entertainment a run for its money in St. Louis, and could regain ground being lost to MGM and Harrah's in the greater Chicago market.

Whoever loses needn't feel too bad. The Atlantic City Tropicana is still out there and debtors will probably force a sale of the rag-tag remnants of Columbia Sussex's casino 'empire.' With its market cap languishing around $837 million, Boyd Gaming looks vulnerable and if you're in a thrift-store mood, Isle of Capri's fallen to near-micro-cap status, at $157 million. Then again, you have to figure out how to turn around 'Pile of Debris.' So maybe it's not such a bargain after all.

Posted in Ameristar, Boyd Gaming, Columbia Sussex, Harrah's, Illinois, Indiana, Isle of Capri, James Packer, MGM Mirage, Penn National, Pennsylvania, Pinnacle Entertainment, The Strip, Wall Street | Comments Off on The Ameristar war begins

All-star atrocity

Pardon the digression whilst I vent about the bad joke that was last night's MLB All-Star Game (or was it the "State Farm All-Star Game" or something like that? Bud Selig is whoring the national pastime out like a regular pimp daddy). It was Exhibit A for everybody who hates baseball and says the games are too long and slow.

A 290-minute playing time is simply unforgivable, especially when you consider that it was prefaced by 90 minutes or so of huffing and puffing as Fox Sports foot-dragged its way to the first pitch. You'd think it was a presidential inauguration or something. Plus, the hellish 15-inning duration meant that we had to endure more than our fair share of those two Comstock Lodes of conventional wisdom, Joe Buck and Tim McCarver.

(Although the "WTF?" moment came from ESPN's normally sagacious Karl Ravech, who offered the seemingly insane opinion that George "The Boss" Steinbrenner was the most beloved person in Yankee Stadium that night. Heck, if fans had to choose between the also-present Yogi Berra and George, Steinbrenner would have trouble finishing third. Besides, has everyone forgotten the petty, vindictive and cruel ways in which Steinbrenner would punish pitchers like Jim Beattie, Hideki Irabu and Donovan Osborne who had the temerity to lose games?)

For an All-Star game, it also had precious few stars. The two managers — Terry Francona most of all — were in an obsence hurry to get the marquee players off the field ASAP. Which meant that the game was decided, and that most of it was played, by the second-stringers, not the players voted in by the fans, i.e., the players people were presumably tuning in to see. If truth-in-advertising laws had pertained to Fox's All-Star [sic] Game promotion, the TV spots would have featured Michael Young of the Texas Rangers and George Sherrill of the Baltimore Orioles, not Derek Jeter and Alex Rodriguez, who made but cameo appearances. "This time it counts?" You'd never know it from how the game was managed.

Just seconds before J.D. Drew clocked a fat fastball into the right-field stands, to erase a 2-0 National League lead, I thought, "He's going to homer on the next pitch and then he'll be more insufferable than ever." What's worse, he was all-too-predictably voted MVP of the game. That honor should have gone to Sherrill or, in a losing cause, the Rockies' Aaron Cook, who both performed extra-long relief stints as the game dragged into the wee hours of the morning, Yankee Stadium time.

But what made the game truly brutal, other than its marathon length, was the "uggla" play of Florida Marlins second-sacker Dan Uggla. If anyone single-handedly managed to lose the game for the NL, it was he. But with Chase Utley having been prematurely pulled, it was nine innings of ineptitude from Uggla that spectators got.

(In fairness to the NL players, they may still have been in a funk from that rambling, unfocused, repetitive and downright depressing speech Ernie Banks gave them in the clubhouse beforehand. Conversely, George Brett's feisty address to the AL crew made me want to grab a bat and have a go.)

Here's a modest suggestion for future All-Star Game managers: Don't yank (pun unintended) your starters until the game appears to be reasonably in hand. Both Francona and Clint Hurdle were congratulating themselves on having gotten everyone into the game. Being down to your last player isn't cause for popping a cork; it's an admission that you weren't managing to win. Heck, except for Mike Scioscia in 2003, nobody's tried that seemingly radical concept. Might be worth looking into again, y'know?

This wasn't a game for the ages. It merely succeeded in lasting for ages.

Posted in Baseball, TV | Comments Off on All-star atrocity

Case Bets: Orleans, El Cortez, Harrah's arena

I’m in the second day of stomach flu, so small portions are advisable …

A “juice job” that followed two fatalities at The Orleans has come under federal scrutiny. In an unrelated development, Boyd Gaming board member Luther Mack has stepped down. Boyd says his seat will remain unfilled. Maybe he was irked by a rule change that requires a two-thirds vote of Boyd shareholders to call a special meeting, up from the former requirement of 50%. Maybe not. But with Boyd stock in the toilet (and unfairly so, IMO) it’s a way to keep those unruly shareholders at bay.

El Cortez critiqued. $26 million of renovations were sufficient to lure City Life‘s Andrew Kiraly back to “the venerable El Cortez.” He notes a significant winnowing-out of the slot floor, along with signs of still-in-progress work elsewhere. “The new carpet is bright, firm and strangely edible-looking,” though, and “even the patrons seem to have a new spring in their skulk.”

Don’t be discouraged: Coming from the caustic Kiraly, this is an out-and-out rave.

If the Las Vegas Weekly‘s search engine weren’t such and out-and-out frack-up, I’d be only too happy to point you toward a dispassionate, well-substantiated takedown of the dubiousness of piggybacking a sports arena onto Bally’s Las Vegas. (One word: parking?) It’s by Damon Hodge and well-worth reading … if you can find it, that is. Hodge deserves better.

Posted in Boyd Gaming, Downtown, Harrah's | Comments Off on Case Bets: Orleans, El Cortez, Harrah's arena

Ameristar spurned, Wynn rewarded

What’s worse than being jilted? Being told you’re too ugly to to even date. That’s about what happened to Ameristar Casinos, which just got blown off by Crown Ltd. Then again, look at James Packer’s American holdings and pending acquisitions (and don’t forget the Vegas Tower, aka Crown Las Vegas), and if’s got an overarching strategy — as opposed to speculative stabs here and there — it’s not easy to discern.

Packer’s about to tap into a nice revenue stream with that Pennsylvania racino. But not only do the two Cannerys look a bit down-market in his portfolio, it’s the worst possible moment to be entering the Las Vegas locals market, what with Boulder Strip and North Las Vegas down 30% in May. Ameristar is a steady performer with solid fundamentals and no Vegas exposure (an asset in this topsy-turvy market). Packer could do a lot worse and, in the case of the Vegas Tower, already has.

A nearly 100% increase in Macao operating income sent Wynn Resorts stock through the roof in after-hours trading, up 15%. That stock buyback program isn’t going to get Wynn as much bang for its 1.7 billion bucks, but if the price keeps ascending like this, management won’t mind, I’m sure. Analysts Larry Klatzkin and David Katz take opposing stances on just how much upside Wynn has at the moment. Whatever the case, the Street has punished Steve Wynn in the past for not sugarcoating the truth. Yesterday he told it what it didn’t what to hear — and was rewarded for doing so. That’s more like it.

Gaming stocks got you down? (Robin Farley confirms what I feared — that we’re in the worst market in over a decade.) And while those of on the “Vegas Gang” were thinking that the diversification of the Strip’s income stream was its bulwark, analyst Nick Danna says otherwise: “Their reliance on nongaming revenue is really hurting them,” as consumer purse strings tighten. He also adds his voice to the chorus of analysts who warn buyers off Vegas-centric stocks.

Take comfort in the fact that “the feel-good movie of the credit crunch” (adapted from the best show in Vegas) in less than a week away.

Posted in Ameristar, James Packer, Macau, MGM Mirage, Movies, Pennsylvania, Sheldon Adelson, Steve Wynn, The Strip, Wall Street | Comments Off on Ameristar spurned, Wynn rewarded

Indiana: It sure could be worse

… because you could be Illinois, where June gambling revenues went into the toilet (-21%). Which isn’t to say that Indiana‘s numbers look good only by comparison. In fact, the Hoosier State may be benefiting from the Land of Lincoln’s misery. It’s sort of a “Yes, but …” situation.

Yes, Indiana would be a lot worse off (-12%) without two new racinos, Hoosier Park and Indiana Live. Their addition has kept gambling revenues virtually flat from June ’07. And that’s two flat months (as in variance of less than 1%) after eight months of declines. In terms of gross, Hoosier Park vaulted into the #5 spot, while Indiana Live checked in at #9.

Yes, northern Indiana initially looks like it got clobbered (-11.5%). But once you Continue reading

Posted in Boyd Gaming, Columbia Sussex, Harrah's, Indiana, Penn National, Pinnacle Entertainment, Tribal, Wall Street | Comments Off on Indiana: It sure could be worse

Gambling > Gas Prices

Although a new Precision Opinion study of consumer attitudes vis-a-vis Las Vegas concludes that there's "a direct correlation between rising gas prices and reduced Las Vegas visitation," the news may not be as bad as it appears at first blush.

Whereas 79% of players surveyed in 2005 said they would stop driving to Vegas if gas prices hit a 'drop dead' point of $3.62/gallon, only 67% would do so now — and even then gas would have to hit $5.73/gallon. (And when it does, they'll still keep coming.) The real disenchantment is with airfares: Over twice as many now would take the bus to Las Vegas.

That's no small statement if you've ever endured the living Hell that is a Greyhound Bus ride. Instead of mocking the charter buses that are the mainstay of Atlantic City, we may soon be emulating them on an even grander scale.

Precision's data shows that 57% of California gamblers still haven't altered the frequency of their Vegas trips — and 69% have maintained or increased their gambling budget, compared to 50% of locals players. That's even though comparable numbers of both groups say that gas prices have had "some" or "a great deal" of impact on their personal budgets.

And, while I don't endorse this personally, more (47% in SoCal/49% locally) are reducing what they're putting into their savings accounts than are cutting back on weekend getaways and/or vacations. Finally, the older you are, the less inclined you are to curb those Vegas-visitin' urges. That may be the only truly bad news for Vegas, at least to the extent that it's put its eggs in the basket of the 21-30 crowd.

Posted in California, Current | Comments Off on Gambling > Gas Prices

"Mamma Mia!": the confusion thickens

For those keeping score at home, the marketers of the new Mamma Mia! movie are doing their damnest to blot our copy books. Songs cut from the film turn up on the soundtrack CD but ones that are in the movie are missing in action. (Supposedly we'll get sucker-punched with a really comprehensive movie soundtrack, on two CDs, somewhere down the road.)

As best can be determined — for those of you who care about such things (Shouldn't everyone?) — "Chiquitita" is still in, as is "Waterloo," but "The Name of the Game" (cut after test screenings) "Under Attack," "One of Us" and "Knowing Me, Knowing You" are out, the latter supplanted by 1981's "When All is Said and Done." No definitive word on "I Do, I Do … " (though I've read that it's sort of half-in, half-out.) A few other songs have been moved around and — in some cases — heavily reworked. And Amanda Seyfried is a colossal improvement on the adenoidal Sophie on the original cast album.

All of which means that, at a net loss of three songs, the stage version at Mandalay Bay remains the "value added" proposition, especially with the $30/ticket discount that ran in Las Vegas City Life last week. I've discovered that my appetite for Spamalot maxed out at two performances (and John O'Hurley, sadly, is no Randal Keith, the best King Arthur since Graham Chapman) and after four go-rounds with Phantom: The Vegas Spectacular, I've had enough to last me awhile. But, just as Wayne Brady's reinvention of the classic Vegas lounge show dwarfs his competition, Mamma Mia! is lightning in a Mandalay Bay bottle and should be enjoyed every chance you get.

Early reviews for the movie in the U.K. and Australia are raves almost across the board. This is my favorite, not least for its description of Pierce Brosnan's singing voice. (Beware: Thar be spoilers.)

Now if only Universal would stop marketing it as though scared stiff that people might guess that A) it's a musical and B) it features the music of ABBA. Thirty million people having seen the stage version, the word's probably gotten around already, y'know? If the movie version succeeds in the U.S. it will be a triumph of product over (pretty craptacular) marketing.

Posted in ABBA, Movies, The Strip | Comments Off on "Mamma Mia!": the confusion thickens

Quote of the Day

"I'm pleased that we reached this resolution, and I look forward to working with all the parties to reach consensus on the continuing restructuring efforts of the company." — Columbia Sussex CEO William J. Yung III, expressing his delight at being essentially kicked out of the casino industry last week.

Posted in Columbia Sussex | Comments Off on Quote of the Day

MTR in retreat

If MTR Gaming is still afloat today, it’s almost certainly thanks to the fact that its two remaining casinos — racinos in Chester, W.V., and Erie, Penn., enjoy oligopolistic market conditions where competitors are few and far between. A long piece outlines the dilemma faced by MTR. Hunker down and pay off debt, as outgoing CEO Edson “Ted” Arneault puts it, or try to aggressively fight back against a pincer movement from Pennsylvania.

Not only is nearby The Meadows racino (soon to be owned by James Packer) looming as an ever-greater threat, so too might Pittsburgh’s slot parlor … if Don Barden can ever get it finished, which looks doubtful. And MTR’s flagship racino in Chester is little more than a slot barn. Even second-tier Las Vegas locals casinos have evolved beyond that point, which may explain why MTR was a dud in the Vegas market (well, that and the fact that competition isn’t limited by statute), especially its failed tenure at Binion’s. These guys just don’t seem geared for intense, Vegas-style competition nor for casino-centric products.

Beyond the racinos, MTR’s holdings have dwindled to a few small-staffed harness-racing tracks, which might be hard to unload. Since they’re unprofitable, says a Moody’s analyst, how much gain lies in selling them? A source tells me that promised infrastructure upgrades in Chester never materialized (even as revenue grew 33%) and that access to Mountaineer wasn’t much more than a two-lane blacktop. Hard to compete with Pennsylvania, given those conditions. No wonder cash flow is off 34% in Chester.

Like Atlantic City, Mountaineer has an ace up its sleeve in the form of poker and other table games. Blackjack, craps and roulette are all played there (unlike Pennsylvania) and, without them, Mountaineer would probably very soon be toast. If MTR can hang onto that West Virginia table game oligopoly — and maybe scrap the harness tracks — it looks like it’s got a good chance to survive, though not thrive.

Trop still taking. The Culinary Union informs me it chatted up Las Vegas Tropicana management back in May and “certainly haven’t thrown in the towel … As you know, there are major ownership/management changes going on there which is a transition that makes scheduling negotiations challenging.” Management changes we knew about, but ownership … now this is intriguing.

Jerry’s Nugget, up in North Las Vegas, is still hanging tough with the Culinary, too, over a year after its contract elapsed. Small wonder the Culinary doesn’t want to take on the case of the overworked Imperial Palace maids: It’s having trouble closing all the deals already on its plate.

Posted in Columbia Sussex, Downtown, Labor, Pennsylvania, The Strip | Comments Off on MTR in retreat

Hole-in-the-wall casinos reviewed

In the current City Life, Lissa Townsend Rodgers visits a few of Las Vegas’ less publicized casinos, in search of $1 booze. The Gold Spike is lauded, provided your “goal is simply to get as drunk as possible as quickly as possible as cheaply as possible,” and don’t mind the smelly/scary vibe that is uniquely the Spike’s.

While the in-house brew at Ellis Island is pronounced “fairly meh,” Rodgers follows with an impassioned ode to the casino’s weekend karaoke nights. On such occasions, Ellis Island “becomes a hotbed of guys in fedoras and girls in their Friday night miniskirts, cramming the tiny, low-ceilinged lounge for karaoke, cheering each other through parodically impassioned versions of ‘The Star Spangled Banner’ and meandering-pitch renditions of ‘Landslide.'” Still, I worry about the sense of fun of people whose idea of cutting loose is to sing the National Anthem.

Purty, yes. But good?

But Ellis Island comes off as a veritable Bellagio when contrasted with the Elardi family’s Casino Royale. Or “a casino that’s housed in a neon-trimmed faux-Victorian hideosity with a Denny’s sticking out the side,” as Rodgers describes it. Worse still are the margaritas, which she likens to a lime-flavored snow cone.

As long as we’re plugging our favorite local alt-weekly, I’d be remiss in not *cough* plugging *cough* my reviews of And When Did You Last See Your Father? (a must for Jim Broadbent fans) and two Criterion reissues of films by Louis Malle. If that’s your bag, as we used to say in the Seventies.

Posted in Downtown, Movies, The Strip | Comments Off on Hole-in-the-wall casinos reviewed

Barden: The comedy continues

Financing for Don Barden‘s stalled Pittsburgh casino remains, as ever, two weeks away. Barden’s people say they’ll have it by mid-July (conveniently, after the next meeting of Pennsylvania’s gaming commission), they’re “continuing to close” with Credit Suisse, and contractors are “very anxious to get back to work.” I’ll bet — though not half as anxious as to get paid for work already done.

The Pittsburgh Courier also reports that Barden has already sold the Las Vegas Fitzgeralds for $35 million — but there’s mention of it either in online Clark County property records or in SEC filings by Barden’s Majestic Star company. Hmmmmm.

As the farce along the riverfront continues to play out, Barden’s proposal to drastically downsize the size and quality of Majestic Star Pittsburgh is playing to less-than-rave reviews. Mayor Luke Ravenstahl won’t quite call it a bait-and-switch but others are not so reserved, with one saying, “We want what was approved.”

Never at a loss for excuses, Barden’s mouthpiece, Bob Oltmanns, contends that the ‘slot parlor’ would be up and running were it not for pesky litigation. The putative villains, the Pittsburgh Steelers and Pirates, will have even greater reason to be vexed if Barden cuts back on riverfront access to Majestic Star, because that will mean that much more vehicular traffic tangling with motorists trying to get into or out of Heinz Field and/or PNC Park.

Then again, city and state officials were warned that access to Majestic Star could be very problematic indeed — warnings they chose to ignore. If they don’t like the barrel Don Barden’s got them over, they’ve no one to blame but themselves.

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Harrah's: Just as predicted

… it's servicing its debt by issuing more debt. This isn't necessarily a bad thing, as it will save the company $100 million. "What is more curious, if not troubling, is the reference to retiring debt taking advantage of current market conditions," cautions analyst Barbara Cappaert (possibly a reference to the fact that Harrah's bonds are trading at an anemic 52 cents on the dollar).

Another satisfied customer: Add this Atlantic City regular's experience to growing volume of testimony that Harrah's Entertainment is turning into a big-ass Columbia Sussex

Just a quick thought about Harrah's properties in Atlantic City. I visited there about once a month with my wife for a number of years.  I play 25 dollar minimum blackjack and the horses.  She likes the slots and always liked their bar-b-que restaurant in Bally's Wild West Casino.

However, everything changed a couple of years ago. It started in the buffet when I noticed that the omelette maker had disappeared. We then noticed that they had closed our favorite restaurant to make it a waiting area for the buffet. We had stopped going to the buffet when I asked for my steak medium rare. It was quite well done and they did give me another steak. Unfortuately for someone, they put my old steak back with the bite taken out on the fire.

We then started getting put in the Claridge for our free room. To put it mildly, it is about the level of a Rodeway Inn. I then found that we were getting about one third the comps that we used to get for my play. We also were being charged 2 dollars for a cup of ice (with a little bit of flat soda added) in the horse race room. The final straw was when they made most of the tables "hit on soft 17" for blackjack.  We then started going to the Borgata instead and have not been back to any Harrah's property since that time.

Multiply us by hundreds, if not thousands of other customers who probably ran into the same problems over the past couple of years and you can see why they have trouble getting people inside to play their games.  They can blame it on the no smoking laws, the economy, or the high price of gas, but the real reason is probably their penny pinching ways and their poor customer service.

I don't know what else to say but it seems that especially in the casino business, bigger isn't necessarily better.  I have recently started getting better offers through the mail, but I won't set foot on any of their properties anymore.

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