Stiffs and Georges

Found by Vintage Vegas Valley, a Facebook page you really should “like.” As in, right this minute.

Historians bicker over the incorporation date of Las Vegas. Some say it happened as late as June 1, 1911. Others argue for May 15, 1905. Golden Gate owner Derek Stevens, opting for the earlier benchmark, has had his employees digging through the files for a gallery of images from the good old days. Fremont Street [...]

Gone and soon to be forgotten is the fugly NASCAR Cafe (site of terrible customer service), one of Bill Bennett’s dubious ‘enhancements’ to the Sahara during his ownership. Current owner Sam Nazarian is ripping the Sahara apart in earnest, although this story implies that two of the hotel towers will get just a light makeover. [...]

If you have been waiting for the moment to sell your Caesars Entertainment stock and get out unscathed, even making a tidy profit, that moment is now. Actually, it was March 20 this year, when CZR hit an all-time high of $17.54, gently sloping off thereafter. That continued an impressive comeback for a stock that’s [...]

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 emptying your piggy banks for some of the best time-on-device action in Las Vegas. To [...]

Uh-oh. This is not good. Tamares Group is going to cease taking room bookings at the Vegas Club. In an ominous phrase, it’s “evaluating its options” for the hotel-casino, whose gambling floor and other amenities are but a pallid shadow of what competing properties, even Tamares’ own Plaza, have to offer. It’s basically dead without [...]

Yeah, Beyoncé is a hard act to follow but who knew that Revel would fall so far, so fast? So enjoy this brief moment when things looked so very promising* …  in the meantime, I’m running down leads on some oldies but goodies: the

Eight years later, Steve Wynn is still firmly ensconced at the top. Gary Loveman is hanging on for dear life and George Maloof is a sad-faced figurehead. And $2.7 billion for a casino resort (Wynn Las Vegas) looks like frugality after the sums blown on CityCenter, Fontainebleau, The Cosmopolitan of Las Vegas and — oh [...]

Although East Coast-based Gansevoort Hotel Group isn’t a household name around Las Vegas, it soon could be, if a planned collaboration with Caesars Entertainment comes to fruition. The latter had briefly planned to re-do Bill’s Gamblin’ Hall & Saloon as a clubber-oriented hotel/nightclub in collaboration with Victor Drai. Called “Caesars Drai’s,” the new theme — [...]

One of the things keeping me away from the S&G desk of late has been a trifle called Betrayal by Harold Pinter, which I’ve been staging for Las Vegas Little Theatre Studio and which opened last Friday (it runs through March 31). This is a love child I’d been incubating since last September and now [...]

“On the U.S. side … we view the State of Nevada as having uninspiring oversight of activities occurring in Macau. For every gap of oversight that exists from the Nevada Gaming Control Board or Nevada Gaming Commission, the U.S. Federal Government may fill it … If the Nevada Gaming Control Board and Commission were to [...]

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 Bay slopped around the front and sides. Look, if you want originality, you don’t phone up [...]

If you’ll pardon my vulgarity, shit got real while I was tied up with other projects. Last week’s sale of excess baggage Dania Jai-Alai in Florida was just a tiny prelude to this morning’s blockbuster: Echelon is kaput. Instead, Boyd Gaming will liquidate it to Genting Berhad for $350 million. This closes the book on Boyd’s [...]

French statesman Georges Clemenceau once dryly remarked that the cemeteries are full of indispensable men. Clemenceau’s quip obtained fresh sting this week when the gaming world lost Dr. William Eadington. The industry scholar has been struggling with cancer for a year and a half, and succumbed at age 67. A reserved and unpretentious man, Bill [...]

In addition to presiding over the most grotesquely indebted company — by far — in the casino industry, Caesars Entertainment CEO/President/Chairman/Pontifex Maximus/Generalissimo Gary Loveman also wants to dictate the manner in which we eke out our “golden years.” Amazingly, somebody actually put this buffoon in charge of the “health and retirement committee” of a club [...]

Las Vegas‘ most famous sheriff (mythologized weekly by Dennis Quaid on Vegas) was the victim of this, er, unfortunate Los Angeles Times gaffe …
… which The Atlantic has selected as one of the best typos of 2012. I’ve had butt cracks in my image and it’s not pretty, man. Nascent blog VegasWTF is currently in [...]

If I’d spent the last 20 years under a rock and didn’t know who Shania Twain is, I’d have spent Wednesday evening wondering who this person was, why she was headlining a Caesars Palace show … and couldn’t they have found somebody better? Let’s cut to the chase: Twain’s voice is shot, unreliable of [...]

Update: Seeking Alpha’s Brad Thomas has run the numbers on the Penn split and doesn’t like the risk/reward scenario.
Fifteen years and many consolidations ago, the casino industry was seized by a brain fever. It was set off by the bidding war between Hilton International (led by Steve Bollenbach) and Starwood Resorts (then run by current [...]

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 scared witless that his high-income customers who play at Wynn Las Vegas and Encore, and [...]

Despite rampant neglect elsewhere on the Strip, Caesars Entertainment continues to take good care of its namesake, Caesars Palace. A Wednesday-night visit disclosed that myriad schlock retailers had been banished, as Jay Sarno’s toga party tries to keep pace with other upscale properties nearby. Our destination was the Bacchanal Buffet, a $17 million investment that [...]