Category Archives: Palms

MGM antes up for Sands Bethlehem; Glenn Straub, man of mystery

Last week’s premature announcement by Sands Bethlehem President Mark Juliano that a sale, probably to MGM Resorts International, may have redounded to Las Vegas Sands‘ benefit. The reported sale price has crept up to $1.3 billion. Since a sale would … Continue reading

Posted in Atlantic City, Economy, Glenn Straub, Macau, Marketing, MGM Mirage, Palms, Pennsylvania, Revel, Sheldon Adelson, Station Casinos, Taxes, Wall Street | Leave a comment

AGA backs Obamacare; “Messy” quarter for Station

OK, the headline is an oversimplification (as headlines tend to be) but the American Gaming Association found itself in disagreement with congressional Republicans after their overhaul of the Affordable Care Act was found to leave mental-health and substance-use-disorder services out in the … Continue reading

Posted in Dan Gilbert, Economy, Eldorado Resorts, Geoff Freeman, GLPI, Hard Rock International, Lucky Dragon, Marketing, Ohio, Palms, Penn National, Pinnacle Entertainment, Politics, Problem gambling, Reno, Station Casinos, Wall Street | Leave a comment

Jacked around in Ohio; Wrong about Trump

At this point, we don’t know jack about Dan Gilbert‘s new “Jack” casino brand. In September, it appeared to be gaining traction with players. Then the bottom fell out. Jack Cleveland‘s $15 million take was a 14% fall while Jack … Continue reading

Posted in Dan Gilbert, Donald Trump, Eldorado Resorts, Election, GLPI, Hard Rock International, Internet gambling, Marketing, Ohio, Palms, Penn National, Pinnacle Entertainment, Racinos, Reno, Sheldon Adelson, Station Casinos, Tribal, Wall Street | Leave a comment

New player in Moulin Rouge saga; Jersey casino backers try to save face

There’s another entrant in the perpetual sweepstakes to redevelop the Moulin Rouge site. This time it’s British firm Psi Key Entertainment. It is proposing a 1,288-room hotel for the acreage. However, Psi Key’s redevelopment plans have to be taken with … Continue reading

Posted in Atlantic City, Boyd Gaming, Dining, Downtown, Eldorado Resorts, Election, Hooters, Iowa, Isle of Capri, Marketing, Missouri, Moulin Rouge, Palms, Politics, Station Casinos, The Strip, Westgate LV | 1 Comment

Local is beautiful; Adelson loses partner

Motley Fool columnist Travis Hoium says investors are missing a good bet if they overlook Las Vegas locals operators to focus on the big Las Vegas Strip players. He cites Station Casinos, Boyd Gaming and Penn National Gaming (presumably for … Continue reading

Posted in Atlantic City, Boyd Gaming, Cosmopolitan, Downtown, Economy, Entertainment, history, Law enforcement, M Resort, Maryland, MGM Mirage, Palms, Penn National, Regulation, Sheldon Adelson, Station Casinos, Steve Wynn, Taxes, Technology, The Strip, Wall Street | 1 Comment

Boulder Station goes union; Neon Museum sets records

Having finally bowed to management’s stipulation of a secret ballot election, as opposed to a card check, the Culinary Union can belatedly claim a victory in its long-running war with Station Casinos. Employees at Boulder Station, under the oversight of … Continue reading

Posted in Architecture, Boyd Gaming, California, Charity, Cordish Co., Culinary Union, Downtown, history, Lucky Dragon, Marketing, Maryland, MGM Mirage, North Las Vegas, Palms, Regulation, Station Casinos, Tribal | 1 Comment

MGM’s China gambit; Mixed quarter for Station

MGM Resorts International and Pansy Ho are performing a fancy juggling act with MGM stock. The former is going to buy an additional 188 million shares in MGM China, increasing its hold on the property to 56%. In return, Ms. … Continue reading

Posted in California, Culinary Union, Economy, Election, Isle of Capri, Macau, MGM Mirage, Missouri, Nevada, Palms, Pansy Ho, Penn National, Reno, Station Casinos, Steve Wynn, Tribal, Wall Street | 2 Comments

Pinnacle dominates Louisiana; Trump settles Vegas case

Pulled under by the Shreveport/Bossier City market (-6%), June gaming numbers in Louisiana came in 3% off last year’s. Pinnacle Entertainment‘s Boomtown Bossier ($5 million) far outperformed the competition, up 11%. Hardest hit were the Caesars Entertainment properties, with usually reliable … Continue reading

Posted in Atlantic City, Boyd Gaming, Carl Icahn, Churchill Downs, Culinary Union, Donald Trump, GLPI, Harrah's, Isle of Capri, Louisiana, Palms, Penn National, Pinnacle Entertainment, Racinos, Slot routes, Station Casinos, Tilman Fertitta, Tropicana Entertainment, Unite-Here | Leave a comment

Atlantic City goes to pot; MGM, Boyd, Pinnacle, Red Rock Resorts meet The Street

We’ve come a long way from the days of Reefer Madness. Latest case in point: Atlantic City, where Assemblyman Reed Gusciora (D) is pushing recreational “tea” as a cure to the city’s penurious condition. Weed would be legalized on the Boardwalk and … Continue reading

Posted in Atlantic City, Boulder Strip, Boyd Gaming, Cannery Casino Resorts, CityCenter, Economy, Georgia, Glenn Straub, Harrah's, Illinois, Indiana, Internet gambling, Macau, Marketing, Maryland, MGM Mirage, Mississippi, Missouri, Palms, Pinnacle Entertainment, Politics, Reno, Scientific Games, Station Casinos, The Strip, Wall Street | Leave a comment

Trump: How to make out like a bandit; Big plans for Station

To give the devil his due, if you visit Trump Taj Mahal and are dismayed because “carpets are frayed and dust-coated chandeliers dangle above the few customers there to play the penny slot machines,” you are not entirely witnessing the … Continue reading

Posted in Atlantic City, Boyd Gaming, Donald Trump, Harrah's, IGT, MTR Gaming, Palms, Regulation, Riviera, Station Casinos, Technology, The Strip, Tilman Fertitta, Transportation, Trump Entertainment Resorts, Wall Street | 1 Comment

Wall Street loves Red Rock; ColSux foiled again

Wall Street analysts are initiating coverage of Red Rock Resorts and they like what they see. JP Morgan‘s Joseph Greff put a $25 price target on the stock, emboldened in part by RRR’s acquisition of the Palms and its growing … Continue reading

Posted in Columbia Sussex, Dining, Downtown, Economy, Environment, Harrah's, history, Kentucky, Palms, Reno, Station Casinos, The Strip, Tribal | Leave a 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 | Leave a comment

Palms purchase confirmed; Adelson gets rapped

It’s official: Red Rock Resorts has purchased The Palms for $312.5 million. It got a bargain when one considers the inventory that comes with the deal — the Palms Place condo tower, 710 hotel rooms, 85 of the most famous … Continue reading

Posted in Culinary Union, Economy, Law enforcement, Macau, Palms, Philippines, Regulation, Sheldon Adelson, Station Casinos, The Strip | 1 Comment

Station snapping up Palms?

Just when you thought Station Casinos was taking a nap, it up and surprises you. According to LVA sources, Station has purchased the Palms, bringing it nearer the Strip than ever and lending an extra cachet of hipness to the … Continue reading

Posted in Ameristar, Columbia Sussex, George Maloof, history, North Las Vegas, Palms, Station Casinos, The Strip | Leave a comment

Tribe outfoxes Arizona; Macao is glutted

Rather than continue waiting for Arizona casino czar Daniel Bergin to reverse himself and give them permission to open a Class III casino, the Tohono O’odham Nation has done an end run. It will open with 1,089 Class II electronic … Continue reading

Posted in Arizona, Culinary Union, Galaxy Entertainment, Macau, Melco Crown Entertainment, MGM Mirage, Palms, Regulation, Sheldon Adelson, Stanley Ho, Steve Wynn, Tribal, Uncategorized, Wall Street | Leave a comment

Kansas gets down to brass tacks; Lindsey Graham, man of mystery

After years of waiting, the fate of Kansas‘ seemingly unwanted fourth casino license, long in abeyance came down to three-and-a-half hours of presentations by a trio of rival bidders. The Kansas Lottery Gaming Facilities Review Board will make its choice by … Continue reading

Posted in Internet gambling, Kansas, New York, Palms, Phil Ruffin, Politics, Regulation, Sheldon Adelson, Taxes, Tribal, World Series of Poker | Leave a comment

Pansy Ho on the campaign trail; Connecticut tribes optimistic

MGM China would probably prefer that its co-chairwoman, Pansy Ho, stay out of the headlines, considering the negative publicity she’s generated over the years. But she opened up to the media this week, specifically the newspaper of which she is … Continue reading

Posted in Downtown, Entertainment, Foxwoods, Hooters, Internet gambling, Macau, Massachusetts, MGM Mirage, Mohegan Sun, Movies, Palms, Pansy Ho, Pennsylvania, Regulation, The Strip, Tourism | Leave a comment

We’re Number One; Adelson goes Disney

Las Vegas is officially the epicenter of the nightclub universe. Seven of the 10 top-grossing clubs in Nightclub & Bar‘s 2014 survey are on the Las Vegas Strip. The honor roll is topped by XS Nightclub, followed by Hakkasan, Marquee … Continue reading

Posted in Cosmopolitan, Economy, Entertainment, Harrah's, Macau, MGM Mirage, Palms, Sheldon Adelson, Steve Wynn, Technology | Leave a comment

Making sense of Pence; Dan Lee returns (again)

Taking a page from Wisconsin Gov. Scott Walker‘s playbook, Indiana Gov. Mike Pence (R) is trying to have it both ways: oppose “expansion” of gambling but refuse to define aforesaid expansion. With riverboat casinos pressing to come ashore, Pence has … Continue reading

Posted in Dan Lee, Indiana, Internet gambling, MGM Mirage, New York, Ohio, Palms, Pinnacle Entertainment, Politics | Leave a comment

Tug of war in Massachusetts; Lee ousted … again; Gilbert’s Greektown struggle

Each with a casino nearly in the bag, both MGM Resorts International and Wynn Resorts want some legislative concessions from Massachusetts. Mohegan Sun is standing pat. MGM and Wynn want their $85 million licensing fee and a number of related … Continue reading

Posted in Dan Gilbert, Dan Lee, Detroit, Downtown, Economy, Election, Massachusetts, MGM Mirage, Mohegan Sun, Ohio, Palms, Problem gambling, Regulation, Steve Wynn | Leave a comment