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- Atlantic City rebounds; Sibella dumped; NFL suspicions
- MGM limping back; Atlantic City follies; Wall Street Jottings
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- David McKee on Sibella scandal spreads; Supremes forestall Seminoles
- Ray Lebowski on Sibella scandal spreads; Supremes forestall Seminoles
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Category Archives: Morgans Hotel Group
Like a Virgin
Back when Morgans Hotel Group paid a $770 million king’s ransom for the Hard Rock Hotel & Casino it became the poster child for overpriced assets. Now that Brookfield Asset Management has had enough, it fits right in with Virgin Hotels‘ … Continue reading
Posted in Culinary Union, Hard Rock Hotel, Morgans Hotel Group, Nevada, Pennsylvania, Sports, Taxes, TV, Warner Gaming
1 Comment
Weidner headed to Vietnam?; Nazarian on the rebound
William Weidner hasn’t finished Lucky Dragon Casino yet and he’s already flashing some leg at the Vietnamese government (or so it appears), seeking a $4 billion casino megaresort in Ho Chi Minh City (to most us, Saigon). Financing Lucky Dragon … Continue reading
Posted in Architecture, Boyd Gaming, Hard Rock Hotel, International, Lucky Dragon, Macau, Marketing, Morgans Hotel Group, Palms, Regulation, Sam Nazarian, Station Casinos, Wall Street
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Taj at Icahn’s mercy; The wrath of Wynn
Trump Entertainment Resorts CEO Bob Griffin (below) has basically flung himself at the feet of Carl Icahn and begged the billionaire to keep funding Trump Taj Mahal “well into 2015,” while Unite-Here‘s appeal of a bankruptcy court ruling is adjudicated, maybe … Continue reading
Posted in Atlantic City, Carl Icahn, Columbia Sussex, Entertainment, Harrah's, Macau, MGM Mirage, Mohegan Sun, Morgans Hotel Group, Steve Wynn, The Strip, Tilman Fertitta, Trump Entertainment Resorts
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Much ado about Harmon
After endless months of maneuvering and legal posturing, MGM Resorts International and Tutor Perini arrived at a settlement on what was to have been the opening day of an epic trial. (That’s seven weeks of jury selection down the drain.) The case … Continue reading
Posted in CityCenter, Current, Entertainment, Hard Rock Hotel, Harrah's, International, MGM Mirage, Morgans Hotel Group, The Strip, Wall Street
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Revel: Straub loses
Bids are in for Revel and the white elephant goes to … Brookfield Asset Management, owner of the Hard Rock Hotel in Las Vegas. (The fund is obviously fond of problem children.) Brookfield’s winning bid was $110 million, leaving stalking-horse … Continue reading
Atlantic City online: The god that failed?
May brought bad news from the Boardwalk, where online gambling revenue fell to $10.5 million. (It had been $11.4 million the month before, in itself a decline.) Traditional casinos were off 3% on a same-store basis — i.e., subtracting the … Continue reading
Requiem for megaresorts?; Deferred deadline in Massachusetts
Is the megaresort era over? It had a pretty good run, from 1989 until the Great Recession. That’s a solid two decades. There are still one or two megaresort projects still out there, notably Genting Group‘s Resorts World Las Vegas. … Continue reading
Posted in Foxwoods, Genting, Hard Rock Hotel, Harrah's, IGT, Internet gambling, Massachusetts, MGM Mirage, Morgans Hotel Group, Neil Bluhm, Regulation
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Better times are here
Las Vegas remains lumbered with journalistic dinosaur Sherman Frederick, a grumbling, blogging old fussbudget who predicts doom and gloom as he tucks into his stewed prunes every morning. I’ve never run across anybody who rooted against their home town so … Continue reading
Good and bad ideas in marketing; Small is beautiful, Vegas
Break out a flagon of whatever Derek Stevens is drinking and put it on my tab, lads. To commemorate the first leg of the Triple Crown, he’s holding a May 3-4 Sigma Derby tournament. Buy-in starts at $50, so starting … Continue reading
Resorts World LV: Look familiar?
A reader in Arizona asks the question that was on my mind yesterday and probably yours, too: “Is it just me … or does this look like just a copper/gold-colored version of CityCenter?” Agreed! (With a large helping of Mandalay … Continue reading
Black man frightens Steve Wynn, Part Two; MGM: Time to forget Harmon?
As Yahoo‘s Jeff Macke cuttingly puts it, he “found a real, live businessman who creates jobs,” thereby providing a Steve Wynn-to-sanity translation, courtesy of CIO Advisors‘ Hugh Johnson. If Wynn were truly being honest, he’d cut to the quick: He’s … Continue reading
Posted in Architecture, Cantor Gaming, CityCenter, Colony Capital, Columbia Sussex, Cosmopolitan, Cretins, Current, Donald Trump, Economy, Election, Fontainebleau, Goldman Sachs, Hard Rock Hotel, Harrah's, history, International, Louisiana, Macau, Massachusetts, MGM Mirage, Morgans Hotel Group, North Las Vegas, Politics, Sports, Station Casinos, Steve Wynn, Technology, TV, Wall Street
2 Comments
Black man frightens Steve Wynn, Part One
Update: Today, Wynn got into the act in the ongoing Big Bird charade. As Steve Sebelius points out, it’s meaningless posturing, nothing more. Life’s been good to Steve Wynn. How good? Well, if you or I talked like a crazy … Continue reading
Posted in Atlantic City, Cantor Gaming, CityCenter, Colony Capital, Columbia Sussex, Cosmopolitan, Cretins, Current, Donald Trump, Economy, Election, Entertainment, Fontainebleau, Goldman Sachs, Harrah's, Macau, Massachusetts, MGM Mirage, Morgans Hotel Group, North Las Vegas, Pennsylvania, Plaza, Politics, Regulation, Sports, Station Casinos, The Strip, TV
27 Comments
Watch your back, Steve!
Wouldn’t you love to know what was in Steve Wynn‘s most recent pre-nup now that his wife is referring to herself as “Owner” of Wynn Resorts — as our colleague Chuck Monster recently discovered? Andrea Wynn may have a few … Continue reading
Posted in Architecture, Election, George Maloof, Hard Rock Hotel, Morgans Hotel Group, Steve Wynn, Wall Street
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SLS Las Vegas: Pretty pictures and propaganda
To celebrate the first anniversary of his cold-blooded, premeditated murder of the Sahara, nightclub owner Sam Nazarian trotted out freshly hired casino boss Rob Oseland, along with some models (no, not of the runway ilk) and even a rendering that … Continue reading
The biggest losers; The Facebook factor
There’s a new power player in gaming and it’s … Brookfield Asset Management? The Canadian lender is already calling the shots (along with Warner Gaming) at the Hard Rock Hotel & Casino, a $1.5 billion quagmire into which Morgans Hotel … Continue reading
Case Bets: Okada in Manila; Big shots fall hard
Rushing in where angels fear to tread, Kazuo Okada (right) has broken ground on his $2 billion, two-casino megaresort in the Philippines. You may remember the project as a bitter point of contention between Okada and erstwhile BFF Steve Wynn, … Continue reading
Posted in Cretins, Current, Encore, Hard Rock Hotel, International, Morgans Hotel Group, Pennsylvania, Regulation, Reno, Sheldon Adelson, Sports, Station Casinos, Steve Wynn
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Morgans: They’re baaaaaaack!; Un-win at Cosmo
Just when you thought it was safe to invest in Las Vegas again, the city went to bed last night to the news that masters of disaster Morgans Hotel Group had purchased nightclub operator Light Group. Given Morgans’ propensity for … Continue reading
Posted in Boyd Gaming, Cosmopolitan, Current, Entertainment, Florida, Marketing, MGM Mirage, Morgans Hotel Group, Sahara, Technology, The Strip, Tribal, Wall Street
2 Comments
Scent of a douchebag
Too bad R&R Partners and the Las Vegas Convention & Visitors Authority didn’t think up this ad first. It’s actually captures the spirit of roaming-herd and mating-ritual behaviors seen every weekend on the Las Vegas Strip and now manifesting themselves … Continue reading
Posted in Cretins, Downtown, Entertainment, LVCVA, Marketing, Morgans Hotel Group, The Strip, Tourism
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The great riverboat robbery; Pusateri’s revenge; Gaming’s top 12
Increased funding for education is always the big selling point whenever gambling laws in Missouri are liberalized. This week, schools are finding out what sort of Indian givers their casino benefactors are. Schools are among the public services that stand … Continue reading
Posted in Ameristar, Bally Technologies, Boyd Gaming, Current, George Maloof, Harrah's, IGT, Isle of Capri, Macau, MGM Mirage, Missouri, Morgans Hotel Group, Penn National, Pinnacle Entertainment, Regulation, Sheldon Adelson, Steve Wynn, Taxes, The Strip, Tourism, Wall Street, Warner Gaming, WMS Industries
3 Comments
Who says irony is dead?
Las Vegas Review-Journal newshound Norm(!) Clarke reports that, in January, the Nevada Ballet Theater‘s annual honoree will be … wait for it … Eva Longoria. What a concept: Fail miserably at business, get an award! S&G looks forward to future … Continue reading
Posted in Charity, CityCenter, Colony Capital, Cosmopolitan, Fontainebleau, James Packer, Lyle Berman, MGM Mirage, Morgans Hotel Group, Sports
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