{"id":14608,"date":"2014-09-22T11:51:29","date_gmt":"2014-09-22T19:51:29","guid":{"rendered":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/?p=14608"},"modified":"2020-10-16T06:51:46","modified_gmt":"2020-10-16T14:51:46","slug":"ultimate-pulls-the-plug-on-a-c","status":"publish","type":"post","link":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/ultimate-pulls-the-plug-on-a-c\/","title":{"rendered":"Ultimate pulls the plug on A.C."},"content":{"rendered":"

Ultimate Gaming<\/strong> is exiting Atlantic City<\/strong> but don’t take that as a slight on the New Jersey<\/strong> market for Internet<\/strong> gambling. Ultimate lost patience with \"Taj<\/a>dubiously solvent<\/a>\u00a0Trump Taj Mahal<\/strong>, which it accuses of being two months in arrears and owing it $1.5 million.\u00a0“It made it extremely difficult to operate under those circumstances.”,” understated\u00a0Station Casinos<\/strong> CFO Marc Falcone<\/strong>, who added that Ultimate Gaming had stopped taking deposits. (The company is also downsizing.)<\/p>\n

The company’s lack of haste to re-enter the Garden State market may have something to do with its last-place ranking among a half-dozen ‘Net-bet sites. It has only done one-sixth as much busines<\/a>s as Borgata<\/strong>\/Bwin<\/strong>\u00a0have raked in. For the foreseeable future, Ultimate plans to focus on its Nevada<\/strong> business. By contrast, Trump Plaza<\/strong> partner Betfair<\/strong> will continue operating until the ex-casino surrenders its license, which could be a matter of as many as three months, then hopes to catch on somewhere else along the Boardwalk.<\/p>\n

* Sheldon Adelson<\/strong>‘s business acumen, so evident in the resort sphere, appears to desert him<\/a> when he dabbles in the marketplace of ideas. Reports Politico<\/em>: “It\u2019s unclear how far a major influx of cash from Adelson would go at this late stage in the campaign, since much of the best stretch-run TV time has been purchased and that which remains is astronomically expensive. That\u2019s why the operatives who run Republican-allied outside groups for months had been traveling to Adelson\u2019s office in his Venetian<\/strong> resort hotel and casino on the Vegas strip to plead for big checks early in the cycle.”<\/p>\n

\"sahara-pic\"<\/a>* Shame on SLS Las Vegas<\/strong> for failing to publicize one of the classiest of its design features: a chandelier crafted from 50 S-shaped door handles<\/a> from the old Sahara<\/strong> hotel-casino. That’s the sort of thing that warms the cockles of the hearts of casino aficionados.<\/p>\n

* Congratulations to Tim Wilmott<\/strong> on being named to Penn National Gaming<\/strong>‘s board of directors. Wilmott, Penn’s CEO, brings six years of experience at Penn and 21 at then-Harrah’s Entertainment<\/strong> (including four as COO<\/a>) to the board. He’ll be a valuable voice to have around the boardroom table.<\/p>\n","protected":false},"excerpt":{"rendered":"

Ultimate Gaming is exiting Atlantic City but don’t take that as a slight on the New Jersey market for Internet gambling. Ultimate lost patience with dubiously solvent\u00a0Trump Taj Mahal, which it accuses of being two months in arrears and owing … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[23,60,26,7,22,69,54,162,12,57,169],"tags":[],"_links":{"self":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/14608"}],"collection":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/comments?post=14608"}],"version-history":[{"count":5,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/14608\/revisions"}],"predecessor-version":[{"id":28183,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/14608\/revisions\/28183"}],"wp:attachment":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/media?parent=14608"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/categories?post=14608"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/tags?post=14608"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}