“You’re in Baltimore, baby, it says so right there, in big gray block letters on a smokestack at the trash plant just past the entrance.” Caesars Entertainment CEO Gary Loveman, long celebrated as the wizard of database market, also finds himself on the leading edge of the urbanization of gambling. He’d probably be comfortable with that description, considering that his stated vision for the casino industry is for it to be as omnipresent as McDonalds. The latest step in that direction is Horseshoe Baltimore, a gambling house whose biggest problem is that it has more would-be players than it can hold. Continued >>
Even though it’s still on pace to close Aug. 31, Showboat‘s last chapter may have yet to be written. Caesars Entertainment spokesman Gary Thompson told reporters that multiple expressions of interest in the property have been received. He added that the proverbial “interested party” was getting a tour of the place. Having reclassified Showboat with the SEC as a “discontinued operation,” there’s no chance that Caesars will keep the Showboat open on an interim basis. However, for those who work there there is now the slim but tangible chance that they’ll be able to come back under different ownership.
Revel, meanwhile, is packing away the food and drink as Continued >>
“The false premise is that somehow or other there is this tribe of gamers lost in the Mid-Atlantic states that no one has found and no one has brought in to game [sic] anywhere. There is no lost tribe of gamers out there.” – HSP Gaming Chairman Neil Bluhm, on casino saturation.