Icahn saves Taj, kinda sorta

By David McKee ~ December 18th, 2014 @ 2:42 pm 1 Comment »

Trump Taj Mahal‘s fate seesaws by the day, if not the hour. According to the New York Post, Unite-Here Local 54 “got pretty much what it wanted” from Carl Icahn and “all work rules” will be reinstated. Icahn did persuade Local 54’s Robert McDevitt to put pension payments icahninto a Taj-only fund, the one significant concession made by the union, other than the abandonment of its bankruptcy-court appeal. Gov. Chris Christie (R) and his gaming-industry liaison, Jon Hanson, were credited with bringing all parties together. According to the union, Trump Entertainment Resorts CEO Robert Griffin put his signature on the pact … and then Icahn got cold feet.

The mogul promises this won’t be the Taj’s doom. He’s ponied up $20 million, writing, “Even though I believe that Atlantic City will be great again someday, many people would still argue that it would be a better financial decision for me to let the Taj close. But I cannot be so callous as to let 3,000 hardworking people lose their jobs.” McDevitt’s reaction was, “We and everybody else thought we could start Continued >>

Many called, few chosen for New York casinos

By David McKee ~ December 18th, 2014 @ 12:31 pm No Comments »

Count mega-budget offerings from Genting Group and Caesars Entertainment among the marquee-name dismissals in the New York Gaming Facility Location Board‘s final HRH Albanycut of casino applicants. Also going into the circular file were a second Genting project (Resorts World Hudson Valley), along with a Penn National Gaming/Cordish Gaming joint venture, and proposals from Full House Resorts, Churchill Downs, Mohegan Sun and a Hard Rock-branded project (right). It was a bad day from brand names, who generally got swept from the board. Considering Mohegan Sun CEO Mitchell Etess‘ family’s decades-long connection to the Catskills, that rejection must have been especially painful.

Orange County went 0-for-six, as Continued >>

Quote of the Day

By David McKee ~ December 18th, 2014 @ 10:01 am No Comments »

“Meanwhile, Americans continue to play cards on unregulated, off-shore poker websites. Americans also continue to place wagers through online, unregulated, off-shore sports books. And there are no signs that the collapse of the republic is imminent.” — from a Las Vegas Review-Journal editorial, criticizing proposed congressional bans on Internet casinos and poker.

Vegas hits the jackpot & other Case Bets

By David McKee ~ December 17th, 2014 @ 4:39 pm 1 Comment »

We don’t know how much they’ve spent yet and how much of a blockbuster year this will be for Las Vegas but we know one thing for certain. We’ve finally broken the 40 million mark pinup-picin annual visitation, a Holy Grail long sought by the tourism industry. Heck, we may hit 41 million by the time midnight strikes on New Year’s Eve. We doubt that Visitor #40 Million was garlanded with roses or laurels. But, reports the Las Vegas Review-Journal, “To mark the milestone, tourism officials are giving away Las Vegas suite upgrades, dining and thrill experiences and beauty makeovers to random tourists with local entertainers Penn &Teller, Carrot Top and Claire Sinclair (above) making the presentations.” Carrot Top? We want people to come here, not scare them away.

* Cordish Co. got the deal it was looking for to build a Continued >>

Further Reading

Icahn saves Taj, kinda sorta

Many called, few chosen for New York casinos

Quote of the Day

Vegas hits the jackpot & other Case Bets

Taj at Icahn’s mercy; The wrath of Wynn

Sayonara, Sam; Showstopping Steve

Atlantic City: Fertitta wins, Taj too close to call

Quote of the Day

Fixing Foxwoods, Perryville

Much ado about Harmon

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