{"id":1716,"date":"2009-12-30T15:39:52","date_gmt":"2009-12-30T23:39:52","guid":{"rendered":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/?p=1716"},"modified":"2022-12-24T03:55:38","modified_gmt":"2022-12-24T11:55:38","slug":"case-bets-casino-jack-harrahs-trump-recovery","status":"publish","type":"post","link":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/case-bets-casino-jack-harrahs-trump-recovery\/","title":{"rendered":"Case Bets: Casino Jack, Harrah’s, Trump, Recovery?"},"content":{"rendered":"

It’s another sad chapter<\/a>, in the tattered and disgraceful saga<\/a> of Sun Cruz Casinos<\/strong>. As you recall, this now-idled cruises-to-nowhere fleet was briefly owned by Jack Abramoff<\/strong>, by dint of a tiny bit of fraud. That’s one of the many crimes that landed Abramoff a well-deserved cell in the federal pen. Unfortunately, the removal of his douchebaggy taint has failed to improve Sun Cruz’s fortunes<\/a>.<\/p>\n

It should be<\/strong> a snap for Harrah’s Entertainment<\/strong> to pick up Planet Hollywood<\/strong> if it keeps holding rummage sales<\/a>. The next one is tentatively slated for May, so book your rooms now.<\/p>\n

Although he gets<\/strong> to continue suing<\/a> various and sundry Pennsylvanians for denying him a gambling concession, it’s not total victory for Donald Trump<\/strong>. The obstreperous Trump has been enjoined from thwarting development of SugarHouse<\/strong> and the interminably delayed Foxwoods<\/strong> project. Philadelphia<\/strong> has lost years and countless millions, due to its inability to build its two allocated casinos in a timely fashion. The removal of a Trump-shaped obstacle, while hardly a decisive victory, is cause for relief nonetheless.<\/p>\n


\nHigher ADRs<\/strong> and sold-out hotels<\/a> mark an auspicious beginning to 2010. Locals properties are doing especially well<\/a> — particularly those with proximity to the California<\/strong> drive-in market. (Not so good for Aliante Station<\/strong> and Red Rock Resort<\/strong>, sitting out there on the far northern periphery.) Although LVA<\/em>‘s research department found the Flamingo<\/strong> to be an early sellout for for New Year’s Eve<\/strong>, the R-J<\/em> says rooms are still to be had — and relatively affordable, too. No surprise that Caesars Palace<\/strong> and Bellagio<\/strong> are in heavy demand, but I suspect aggressive discounting and incentive packages have a lot to do with Aria<\/strong> being at capacity.<\/p>\n

If one views the all-time-highs of 2007 as an aberration and not an entitlement, you could even make the argument that Vegas is back to something resembling normal — allowing for the recent dilution of the market with Aria, Vdara<\/strong> and Mandarin Oriental<\/strong>. Unfortunately, Consumer Electronics Show<\/strong> week, usually a tower of economic strength (I’ve heard of CES attendees having to stay as far out as Laughlin<\/strong>, God help them) is more like a kick in the ass … and not in a good way. We win some, we lose some.<\/p>\n","protected":false},"excerpt":{"rendered":"

It’s another sad chapter, in the tattered and disgraceful saga of Sun Cruz Casinos. As you recall, this now-idled cruises-to-nowhere fleet was briefly owned by Jack Abramoff, by dint of a tiny bit of fraud. That’s one of the many … 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":[28,42,14,36,7,49,11,91,95,6,57,87,9,20],"tags":[],"_links":{"self":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/1716"}],"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=1716"}],"version-history":[{"count":9,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/1716\/revisions"}],"predecessor-version":[{"id":21101,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/1716\/revisions\/21101"}],"wp:attachment":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/media?parent=1716"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/categories?post=1716"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/tags?post=1716"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}