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- Ray Lebowski on Sibella scandal spreads; Supremes forestall Seminoles
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Category Archives: Revel
Back to the beach; Churchill Downs comes under scrutiny
Golden Nugget Atlantic City was packing them in with a ‘george’ promotion. Let our East Coast correspondent tell the tale: “It was extremely busy Sunday afternoon in their atrium for the BMW X-5 giveaway. They called six names and three … Continue reading
Sports, Internet buoy Atlantic City; Detroit struggles
As we predicted, Atlantic City is coming back faster than Las Vegas. It doesn’t hurt that it is not A) primarily a destination market; B) dependent upon conventions; C) reliant upon international travel; or D) at the mercy of the … Continue reading
Clinton out in Yonkers, Glebocki in in Atlantic City
Uri Clinton is out as COO and president of MGM Resorts International‘s $850 million Empire City Casino after only a year in the post, although he’ll be retained as a consultant. Maybe he didn’t take to life in Yonkers. Despite … Continue reading
Clouded future for Ocean; Wynn keeps fighting
While the mainstream media has gone quiet over the sudden change of ownership at Ocean Resort, Global Gaming Business is reporting that lead owner Bruce Deifik didn’t leave voluntarily but was kicked out by other investors. Luxor Capital Group supposedly … Continue reading
Deifik defects from Atlantic City; Stevens unveils new casino
That was brief. After six months of operation at Ocean Resort, owner Bruce Deifik wants out. Word is he’s found a mystery buyer, one who will invest $70 million in “a new buffet, additional hotel suites, gaming floor improvements and … Continue reading
Quote of the Day
“To be ninth out of nine in this position, I’m tickled pink. This was a property that for two years had a cloud over its head, people thought it was cursed, and no one thought I’d ever get it open.” … Continue reading
Posted in Atlantic City, Bruce Deifik, Revel
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Atlantic City primed for openings; Tokenism at AGA
“Do I think the gaming market ever comes back to close to $6 billion in revenue? No. Not even close,” Hard Rock International CEO Jim Allen said of Atlantic City. “If a brand like Hard Rock fails in Atlantic City, the … Continue reading
Posted in Arizona, Atlantic City, Bruce Deifik, California, Carl Icahn, Donald Trump, Entertainment, Geoff Freeman, Hard Rock International, Harrah's, Las Vegas Sands, Marketing, MGM Mirage, New York, Pennsylvania, Revel, Rush Street Gaming, Sports, The Strip, Tribal, Trump Entertainment Resorts, Wall Street
4 Comments
D-Day for Ocean Resort near; MGM’s tax bonanza
Bruce Deifik really is a gambler: He bought Revel sight unseen, lead investor in the $200 million purchase. If Glenn Straub‘s bizarre interregnum as owner was a lesson in how not to behave in Atlantic City, Deifik has been a … Continue reading
Posted in Atlantic City, Bruce Deifik, e-sports, Glenn Straub, Harrah's, Louisiana, MGM Mirage, Nevada, Penn National, Politics, Revel, Sports, Taxes, Tribal, Tropicana Entertainment, Wall Street
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The Doctor is all-in; Morpheus a wake-up call
Sports betting is off and running at Borgata, having been inaugurated by Julius “Dr. J” Erving, who put down $5 on the Philadelphia Eagles to win a second straight Super Bowl. “I got a chance to look at the board … Continue reading
Posted in Architecture, Atlantic City, Internet gambling, Lawrence Ho, Macau, MGM Mirage, Racinos, Revel, Sports, Technology
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Another administration scandal?; Ocean Resort ready to go
Connecticut‘s congressional delegation continues to make noise about the yes-no-maybe nature of the Trump administration’s handling of the Mohegan Sun/Foxwoods Resort Casino compact to build an off-reservation casino in East Windsor. Wrote Sen. Richard Blumenthal, Sen. Chris Murphy and Reps. … Continue reading
Posted in Atlantic City, Bruce Deifik, Florida, Foxwoods, Hard Rock International, Internet gambling, Mohegan Sun, Nevada, Politics, Regulation, Revel, Seminole Tribe, Tribal
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Adversity at Sands; Paging Katniss Everdeen
Some are blaming bad weather for two months of substantially reduced table-games winnings at Sands Bethlehem. But could casinos in the Catskills finally be having an effect? It’s hard to say, although one suspects the answer is “yes.” Sands Bethlehem tumbled … Continue reading
Posted in Atlantic City, Bruce Deifik, California, Churchill Downs, CityCenter, Entertainment, Environment, Genting, Hard Rock International, history, International, Internet gambling, Massachusetts, MGM Mirage, Mississippi, Mohegan Sun, New York, Pennsylvania, Revel, Sheldon Adelson, Sports, The Strip, Tilman Fertitta, Transportation, Wynn Resorts
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Elaine calls the shots; Now it’s Encore Boston Harbor
Wynn Resorts has been ceding to the wishes of Elaine Wynn of late but it got its back up when she demanded the removal of board member John Jay Hagenbuch. Ms. Wynn views him as a crony of her ex-husband … Continue reading
Posted in Atlantic City, Colorado, Elaine Wynn, Eldorado Resorts, Entertainment, Florida, Foxwoods, Hard Rock International, International, Internet gambling, Isle of Capri, Macau, Massachusetts, MGM Mirage, Mississippi, Mohegan Sun, Moulin Rouge, Politics, Regulation, Revel, Steve Wynn, Tilman Fertitta, TV, Wynn Resorts
3 Comments
Happy birthday, Ellis Island; SLS in, Sahara out for now
Congratulations are in order to Ellis Island Hotel Casino & Brewery (not in that order of priority) on 50 years in business. What started as two menu items has grown into a beloved locals hangout whose karaoke nights are the … Continue reading
Posted in Alex Meruelo, Architecture, Atlantic City, Dining, Economy, Ellis Island, Greenwood Racing, Pennsylvania, Revel, Sam Nazarian, Sheldon Adelson, SLS Las Vegas, Taxes, Tribal
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Hard Rock makes sweeping pledge; Wynn dodges a bullet
Having expanded the old Trump Taj Mahal concert venue by over 25%, Hard Rock International is promising the Boardwalk “more live music than Atlantic City has ever seen.” We’re talking 200 live events in Year One. “When’s the first time someone has … Continue reading
Adelson subsidizes foreign policy; Packer’s comeback
Sheldon Adelson‘s at it again. This time, in the cause of escalating Mideast tensions, he’s putting his money where his mouth is. The toupee-crowned supermogul is reported to be offering to foot the bill for at least some of a … Continue reading
Posted in Alex Meruelo, Atlantic City, Australia, Donald Trump, Glenn Straub, Greenwood Racing, Hard Rock International, International, Internet gambling, James Packer, Lucky Dragon, Macau, Melco Crown Entertainment, Ohio, Pennsylvania, Politics, Regulation, Revel, Sheldon Adelson, Sports, Steve Wynn, The Crown 18, The Strip
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Showboat to sail again?; The plague of resort fees
Although Caesars Entertainment may have thought it removed a competitor from the board when it stripped the Showboat of its gaming entitlement, think again. Owner Bart Blatstein has taken the opening steps toward returning the Showboat to the gambling seas. … Continue reading
Posted in Arizona, Atlantic City, Cordish Co., Environment, Genting, Hard Rock International, Harrah's, International, Maryland, Revel, The Strip
1 Comment
Macao is back; Steelman predicts the future
Gross gaming revenues in Macao blew away Wall Street analysts’ estimates of 19% growth, posting a 36.5% gain. Deutsche Bank analyst Carlo Santarelli still advised caution for the near future, writing, “While [Chinese New Year] generates a lot of hype, the … Continue reading
Posted in Architecture, Atlantic City, Galaxy Entertainment, Genting, Hard Rock International, Internet gambling, Macau, Massachusetts, Revel, Steve Wynn, The Strip, Tilman Fertitta, Wall Street
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Caesars ruins Atlantic City’s Christmas; Abandon ship
December put a bit of a chill on the Atlantic City casino economy, down 2% for the month, with an overall gross of $186 million. Over by the fireplace, Internet gambling was nice and warm, up 13%. Slot revenues were … Continue reading
Posted in Atlantic City, Dining, Florida, Glenn Straub, Harrah's, Internet gambling, Kazuo Okada, Law enforcement, MGM Mirage, Mohegan Sun, Nevada, Regulation, Revel, Security, The Strip, Tilman Fertitta, Tropicana Entertainment, TV
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Revel sold (again); Freeman slams Indiana bill
Glenn Straub wins our Liar Liar Pants on Fire Award hors concours for dissembling about any intentions to sell Revel while negotiating a deal to do precisely that. Give him credit, though, for raising the defunct megaresort’s value: The $200 … Continue reading
‘Tis the season for buying; Putin drives out Ho
Carl Icahn could make another big score soon: Tropicana Entertainment has been cited as a likely takeover candidate by Wall Street analysts. The combination of saturated markets and low interests has led stock pickers to predict that the industry will … Continue reading
Posted in Boyd Gaming, Carl Icahn, Cosmopolitan, Eldorado Resorts, Glenn Straub, Golden Gaming, Greenwood Racing, Harrah's, International, Internet gambling, Lawrence Ho, MGM Mirage, Neil Bluhm, Pennsylvania, Revel, Sheldon Adelson, Taxes, Tilman Fertitta, Tropicana Entertainment, Wall Street
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