All-American Pet Photo Day

What is more all-American than cute photos of our pets? This is our latest adoptee, Cupid. My wife met her at the animal hospital, where it was love at first purr. Cupid has found herself a forever home and we’re all the richer for having her.

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Case Bets

Although we’ve learned to take Moulin Rouge revival projects with a shakerful of salt, the latest round of interest is drawing some serious players, such as the Southern Nevada Regional Housing Authority. Its piquant plan would mix affordable housing, dining and—yes—a casino. (Here’s your chance to get in on the ground floor, Frank Fertitta III.) The idea is to pay homage to the Moulin Rouge’s nightlife origins, at least in part. The idea is create a Continue reading

Posted in AGA, Atlantic City, Caesars Entertainment, Eldorado Resorts, Japan, Moulin Rouge, Ocean Resort, Oklahoma, Sports betting, Tribal, Wall Street | 1 Comment

Quote of the Day

“And when you go back home, you’ll see it tonight on television. You’ll see it wherever you see it. Today, there’s so many forms of looking at things, it’s hard to believe. As soon as you pick one, another one comes up and the first one is obsolete. But whichever way you look, you’re going to see some really nice — it’s –” —Donald Trump, unfiltered and unscripted, at Osan Air Base in Pyeongtaek.

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Ohio prospers, others don’t; Labor trouble at Eldorado

Maryland continues to show signs of casino saturation. Revenue ($143 million) was down 4% last month. Not even MGM National Harbor ($57 million) was immune, off 4%. Slots were up 10% but table games got walloped, down 19%. Still, MGM commands 40% of market share in the Free State, followed by Maryland Live with 34%. The latter slipped but 2%, to $49 million. Horseshoe Baltimore got lapped, fading 18% to $19 million. Ocean Downs‘ luck finally ran out, as a string of revenue-positive months gave way to a 5% stumble and $7 million. Hollywood Perryville was off 4% to $6.5 million. Over in West Virginia, revenue was down 2% despite 5% higher winnings at the tables. Hollywood Casino at Charles Town Races didn’t have good luck at the tables, down 9%, leading to a 5% overall decline.

No worries about contraction in Ohio, where casino revenues were up 4% last month, to $161.5 million. MGM Northfield Park led the way with $21 million but that was a Continue reading

Posted in Boyd Gaming, Caesars Entertainment, Carl Icahn, Churchill Downs, Cordish Co., Culinary Union, Dan Gilbert, Eldorado Resorts, Election, Florida, Full House Resorts, Indiana, Isle of Capri, Maryland, MGM Resorts International, Ohio, Penn National, Spectacle Entertainment, Station Casinos, Tropicana Entertainment, Unite-Here, West Virginia | 1 Comment

Cosmo in play; Wynn looking robust

Always a step ahead of the mainstream media, VitalVegas reports that The Cosmopolitan of Las Vegas has been sold. No details are available and the story hasn’t made the wire services, but that’s not going to stop us from speculating. The buyer probably couldn’t wait around for Eldorado Resorts CEO Tom Reeg to make up his mind as to whether or not he was going to sell Las Vegas Strip assets. Phil Ruffin openly covets a second Strip resort and if Planet Hollywood is out of reach, the Cosmo makes a good second choice. Speaking of seconds, jilted Caesars Entertainment suitor Tilman Fertitta is probably looking for some retail therapy. How much better might the Cosmo do if rebranded as a Golden Nugget? And even though it already has the Tropicana Las Vegas, don’t count out Penn National Gaming. If it wants a more state-of-the-art Strip resort we’d certainly understand. At any rate, those are the obvious candidates, although we wouldn’t rule out acquisitive Churchill Downs or another dark-horse candidate. After all, it must irk Full House Resorts CEO Dan Lee that he has to go out of town whenever he wants to visit one of his casinos.

While on the subject of VitalVegas, Scott Roeben is reporting a new round of Continue reading

Posted in Architecture, Churchill Downs, CityCenter, Cosmopolitan, Dan Lee, Dining, Eldorado Resorts, Macau, Massachusetts, MGM Resorts International, Penn National, Phil Ruffin, Resort fees, The Strip, Tilman Fertitta, Wall Street, Wynn Resorts | Comments Off on Cosmo in play; Wynn looking robust

Wynn stirs Boston melting pot

Wynn Resorts is already changing the face of Boston. As reported by the Boston Globe, unprecedented diversity is manifesting itself at Encore Boston Harbor. Mad props to Wynn for bringing people of all colors and creeds together in this fashion. (It must be the Jeff Koons Popeye.) Slot players were evenly divided between the sexes in a mix of blacks, whites and Asians. Latinos seemed to prefer the table games. “To those accustomed to seeing area restaurants and bars dominated by white faces, the contrast is stark, and casino visitors seem to have embraced the melting pot mix,” chronicled the Globe. Enthused African-American player Felicia Kornegay, “You know, a lot of places you go to, especially in Boston, you go and you feel excluded. You don’t feel that here.”

Added Giles Li of the Boston Chinatown Neighorhood Center, “In general, our community of working-class Chinese immigrants, they don’t Continue reading

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Rivers Casino’s threefold secret

It can be summed precisely as follows: location, location, location. Not only is Rivers Casino Des Plaines proximate to both Chicago and O’Hare International Airport, it sits at the nexus of two interstate highways, literally within a stone’s throw of I-294. Habitués of Las Vegas locals casinos might not impressed, architecturally speaking. You won’t see anything here you can’t readily find at M Resort or Green Valley Ranch. The buffet is solid but not outstanding (and you can only get crab legs on Tuesday), despite the stiff price: $29.95. The decor makes a fetish of the right angle, a frequently reiterated motif, softened by drop-down lighting fixtures that look like oversized Christmas balls.

No, what sets it apart is the absolutely feverish level of business that Rivers does. One sees in an instant why Churchill Downs wanted to Continue reading

Posted in Architecture, Boyd Gaming, Caesars Entertainment, Churchill Downs, Economy, Eldorado Resorts, GLPI, Golden Gaming, Harrah's, Illinois, Kazuo Okada, Macau, Penn National, Philippines, Rush Street Gaming, Singapore, Station Casinos, Steve Wynn | Comments Off on Rivers Casino’s threefold secret

Quote of the Day

“In this country, supermarkets are cathedrals.” — Sergei Malatav in The Wire.

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Second City uncertainty; Wyoming can’t cowboy up

Chicago‘s permanent casino could take “months or years” to achieve, even if Mayor Lori Lightfoot (D) says “I’m hoping we can get [the site selection] done relatively soon, so we can start the process.” Casino booster Sen. Terry Link (D) is also thinking positive, saying, “It could happen fairly quickly. If all goes according to plan, you could see gambling at a temporary site (for as long as 24 months) in less than a year.” Ah, yes, ye olde temporary casino. Chicagoans might look to the example of Detroit where all three companies were allowed to open temporary facilities at sites of their own choosing, on the understanding that they would relocate permanently to the waterfront. In the end, nobody moved, even if MGM Resorts International and (eventually) Greektown outgrew their temporary spaces into something permanent—but no closer to the river. Unfortunately for Windy City casino fans, Lightfoot has been exquisitely Continue reading

Posted in Architecture, Detroit, Entertainment, Florida, Hard Rock International, Illinois, International, Massachusetts, MGM Resorts International, Politics, Problem gambling, Regulation, Rush Street Gaming, Seminole Tribe, Taxes, William Hill, Wynn Resorts, Wyoming | Comments Off on Second City uncertainty; Wyoming can’t cowboy up

Quote of the Day

“Chinese tourists are a high-spending source market and their visitation numbers to the US have been growing rapidly in recent years.”—from a GlobalData report on the expansion of the China-driven, luxury-hotel market in the U.S., music to Las Vegas‘ ears.

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Touring Vegas; Bus to Nowhere; So long, Sammy

Paste Magazine is having one of those love/hate moments with Las Vegas that seem de rigeur for glossy publications. After a few preliminary digs at the Las Vegas Strip, it settles into a survey of the best places to go off-Strip. The fact that aforesaid choices are obvious ones is offset by their also being good choices—and values for the dollar, which is always important to emphasize ever since Sin City ceased to be a bargain destination. The Pinball Hall of Fame is tops on the list, followed by the Neon Museum, the Container Park, both Frankie’s Tiki Room and the Golden Tiki, and the Mob Museum, which now contains an operational speakeasy, which you can’t visit unless you know the password (Paste omits Continue reading

Posted in Cretins, Dining, Downtown, Entertainment, history, MGM Resorts International, Reno, Sahara, Sam Nazarian, Station Casinos, Terry Caudill, The Mob, The Strip, Tourism, Transportation | 1 Comment

Quote of the Day

“The alternate domination of one faction over another, sharpened by the spirit of revenge, natural to party dissension, which in different ages and countries has perpetrated the most horrid enormities, is itself a frightful despotism. But this leads at length to a more formal and permanent despotism. The disorders and miseries which result gradually incline the minds of men to seek security and repose in the absolute power of an individual; and sooner or later the chief of some prevailing faction, more able or more fortunate than his competitors, turns this disposition to the purposes of his own elevation, on the ruins of public liberty.”—from George Washington‘s farewell address. Happy Fourth of July!

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Eldorado backpedals; Casinos for Nebraska in 2020?

While the consummation of the Eldorado Resorts/Caesars Entertainment marriage has yet to occur, already Eldorado CEO Tom Reeg is walking back some of his prenuptial promises. “I think that there’s more Strip exposure than we would need to accomplish our goals with our regional data base,” he told reporters. “So I would expect that we would be a seller of a Strip asset, but that decision has not been made.” So, not multiple Strip properties anymore but just one (Planet Hollywood seems the most coveted). Maybe. But maybe not. Also, at least one Wall Street analyst is questioning Reeg’s promised $500 million in cost savings, saying it’ll be closer to $250 million. The one employee whose job is safe, in some shape or form, is Caesars CEO Anthony Rodio, who has key shareholder Carl Icahn in his corner. Any move by Reeg to dump Rodio risks the wrath of Icahn.

Reeg also folded Caesars’ tent vis-a-vis expanding into Japan, saying, “The opportunity internationally is going to have to be, frankly, stupendous for us to be running in that direction. But no firm decisions have been Continue reading

Posted in Atlantic City, Caesars Entertainment, Carl Icahn, Dining, Eldorado Resorts, Election, Florida, Hard Rock International, Iowa, Japan, Macau, Missouri, Nebraska, Ocean Resort, Planet Hollywood, Seminole Tribe, The Strip, Wall Street | 2 Comments

Genting’s been working on the railroad; California solons pitch sports betting

Genting Group evidently hasn’t given up on its casino aspirations in south Florida. The company is teaming with BYD Motors of China to propose a monorail between downtown Miami and Miami Beach. Genting owns waterfront real estate in Miami it has been unable to monetize, mostly because the idea of casino megaresorts never gained traction in the Sunshine State. (Las Vegas Sands took a run at it, then just plain gave up.) Two cronies of Miami-Dade Mayor Carlos Gimenez round out the group making the unsolicited monorail pitch. (If the track can really deliver tourists to the beach, it would make more sense than, say, its nowhere-to-nowhere Las Vegas counterpart.)

Details of the proposal are shielded from public scrutiny until internal reviews are finished, so we may be waiting a while. Despite the Gimenez connection, it’s no cinch Continue reading

Posted in Caesars Entertainment, California, Florida, Genting, Japan, Macau, Pokergeddon, Politics, Problem gambling, Security, Sociedade de Jogos de Macau, Sports betting, Technology, The Strip, Tourism, Transportation, Tribal, TV, World Series of Poker, Wynn Resorts | Comments Off on Genting’s been working on the railroad; California solons pitch sports betting

Quote of the Day

“Unlike intimacy, the fact that an individual’s relationship with Mr. Hunter includes a professional aspect that directly, or indirectly, relates to his campaign or duties as a holder of Federal office, is directly relevant to whether Mr. Hunter could properly use campaign funds for an expense in connection with that individual.” — defense argument in support of Rep. Duncan Hunter‘s use of campaign funds to pay for five extramarital affairs, including a congressional staffer.

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Encore plays it safe; Wynn is for the birds

“Fifty shades of beige.” That’s the Boston Globe‘s verdict on the hotel rooms at Encore Boston Harbor. “There was nothing unpleasant about it, but that meant nearly every design choice was incredibly safe. Before the hotel opened, Encore Boston Harbor president Robert DeSalvio trumpeted that every detail—from carpets and drapes to beds and furniture—was created uniquely for the hotel. Yet the room didn’t feel particularly unique. Well, perhaps it’s unique for Everett,” writes architecture critic Christopher Muther. He rates this not entirely a bad thing, given the riot of colors on the main floor. If you’re suffering visual fatigue, the hotel rooms are just the place where you’d go to recharge your batteries.

He does fault the choice of Roy Lichtenstein paintings to brighten up hotel rooms, suggesting that somebody belatedly meant to Continue reading

Posted in Animals, Architecture, Election, Environment, Massachusetts, MGM Resorts International, Station Casinos, Technology, Wynn Resorts | Comments Off on Encore plays it safe; Wynn is for the birds

Quote of the Day

“I want to live to be 100 because I want to be in a position to give it away to those things that I really believe in. I’ve got all the houses I need. I live very well. My kids are taken care of. Everything I live for now is finding the right things to put my money into and that can give me a rate of return in emotion and doing good things for this world.” — Home Depot co-founder and billionaire Bernie Marcus, announcing plans to donate most of his fortune to charity.

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Quote of the Day

And when you go back home, you’ll see it tonight on television. You’ll see it wherever you see it. Today, there’s so many forms of looking at things, it’s hard to believe. As soon as you pick one, another one comes up and the first one is obsolete. But whichever way you look, you’re going to see some really nice — it’s  … — Donald Trump, unfiltered, at Osan Air Base.

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Whales super-lucky on the Strip; New Jersey tops Nevada

Last month was the busiest in McCarran International Airport history, seeing 4,590,539 arrivals and departures. Unfortunately for the casinos, this did not translate into record prosperity. Far from it. Gross gaming revenue toppled 11% to $517.5 million. Slots were a bright spot, up 2% on 2.5% higher coin-in. But baccarat win fell a cataclysmic 55%, despite only 4% less wagering, which means that “bad” is something of an understatement when describing the house’s luck. (JP Morgan analyst Joseph Greff thinks the wipeout was confined to six casinos. No prizes for guessing which, however.) Non-baccarat table games were but 2% lower.

Higher slot handle (5%) couldn’t save locals casinos from a disappointing May, with slot revenues down 2.5%. Downtown ($55 million) rose 3%, North Las Vegas ($25.5 million) fell Continue reading

Posted in Boulder Strip, Culinary Union, Downtown, International, Lake Tahoe, Laughlin, Law enforcement, Macau, Nevada, New Jersey, New Mexico, North Las Vegas, Palms, Reno, Sports, Sports betting, The Strip, Tourism, Tribal, William Hill | Comments Off on Whales super-lucky on the Strip; New Jersey tops Nevada

At long last, Encore

After much regulatory spilkes and political infighting, Encore Boston Harbor has come to market and early auguries are good. JP Morgan analyst Joseph Greff got one of the first looks at the property and was “impressed. In short, we think it takes a little bit from its prior developments in Las Vegas and Macau and combines the best of these characteristics into what would be not only the best regional, non-Las Vegas casino in the U.S., but a top resort in Las Vegas as well.” He said that if he didn’t know he was in Boston, he would have thought he was in Macao or Vegas. Wynn Resorts, he opined, did a praiseworthy job of making the casino “feel intimate and neighborhoody and complemented it with a beautiful room product.” The gaming floor (split over two levels) deploys 3,158 slots, 143 table games, and 88 poker tables. Mass-market games are on the first, high-limit play and poker on the second. Ceilings appear higher than the norm and “the color schemes are light and natural.”

Roger Thomas, Wynn’s design impresario said of the look, “Our guests find themselves in an environment that makes them feel their best selves. Hopefully, we help you feel Continue reading

Posted in Architecture, Environment, Foxwoods, Massachusetts, MGM Resorts International, New Hampshire, Tourism, Transportation, Wynn Resorts | Comments Off on At long last, Encore