{"id":4585,"date":"2010-09-10T15:59:49","date_gmt":"2010-09-10T23:59:49","guid":{"rendered":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/?p=4585"},"modified":"2010-09-10T15:59:49","modified_gmt":"2010-09-10T23:59:49","slug":"would-you-buy-a-used-casino-from-this-man","status":"publish","type":"post","link":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/would-you-buy-a-used-casino-from-this-man\/","title":{"rendered":"Would you buy a used casino from this man?"},"content":{"rendered":"

\"\"Donald Trump<\/strong> has even more reason to scowl and squint today. His old buddy Richard Fields<\/strong> — to my complete non-surprise — walked away from his interminably protracted attempt to buy Trump Marina<\/strong> at ever-lower prices. (He’s got a point: If Resorts Atlantic City<\/strong>‘s feeble grosses merited only $35 from Gomes Gaming<\/strong>, then Trump Marina<\/strong> by rights should fetch even less.) Rather pathetically, Trump Entertainment Resorts<\/strong> CEO Mark Juliano<\/strong> continued to insist that TER’s codependent\/abusive relationship with Fields was still viable, four breakups notwithstanding. This, after years of a Fields negotiation process that boiled down to “haggle and delay, haggle and delay.” (I’ve had doubts about Fields’ hat-to-cattle ratio ever since he put his Manhattan<\/strong> apartment on the block a couple of years back.)<\/p>\n

So-called “Dump Marina” landed with a thud at the bottom of Atlantic City<\/strong>‘s August gaming revenues, grossing a pathetic $13 million (-20%), although one expects such dire numbers from casino that’s in limbo — perennially for sale yet never sold. Citywide, casino revenues were the same old story, down across the board and by double digits in every meaningful category. Despite a 12% falloff at Borgata<\/strong>, it continues to lead the market by a very wide margin, outgrossing Harrah’s Marina<\/strong> by an even $16 million. Perhaps Boyd Gaming<\/strong> and MGM Resorts International<\/strong> are haggling over the terms of a buyout but for Boyd to exercise its first-refusal ought to be a no-brainer.<\/p>\n","protected":false},"excerpt":{"rendered":"

Donald Trump has even more reason to scowl and squint today. His old buddy Richard Fields — to my complete non-surprise — walked away from his interminably protracted attempt to buy Trump Marina at ever-lower prices. (He’s got a point: … 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":[23,60,28,142,42,14,7,11],"tags":[],"_links":{"self":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/4585"}],"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=4585"}],"version-history":[{"count":1,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/4585\/revisions"}],"predecessor-version":[{"id":4586,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/4585\/revisions\/4586"}],"wp:attachment":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/media?parent=4585"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/categories?post=4585"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/tags?post=4585"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}