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- If you can’t beat ’em, cheat ’em; Fun & games
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- Atlantic City rebounds; Sibella dumped; NFL suspicions
- MGM limping back; Atlantic City follies; Wall Street Jottings
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- MGM crippled; Illinois & Indiana report; Bally’s shaky in Chi
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- Bally’s opens, Chicago yawns; MGM, tree murderers
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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: Trump Entertainment Resorts
Vegas in the time of Coronavirus; Trump squelches tribe
Las Vegas on lockdown is pretty spooky. It’s like a neutron bomb fell on the Strip, wiping out all the people and leaving the casinos intact. However, there may be a glimmer at the end of the April 17 tunnel. … Continue reading
Posted in AGA, Donald Trump, Economy, GLPI, Health, history, Massachusetts, Penn National, Politics, Tribal, Trump Entertainment Resorts, Twin River, Wall Street, Wynn Resorts
1 Comment
Icahn power play at Caesars?; Big plans for Borgata
We all know that Carl Icahn has a sharp eye for undervalued assets. Caesars Entertainment stock fell 46% last year, making it ripe for the plucking. And pick it Icahn did, scarfing up enough to spur a 11.5% rally in … Continue reading
Posted in Atlantic City, Caesars Entertainment, Carl Icahn, Dan Gilbert, Detroit, DFS, Internet gambling, MGM Resorts International, Regulation, Sports betting, Taxes, Technology, Tilman Fertitta, Trump Entertainment Resorts, Virginia, Wall Street, West Virginia
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Scratch one casino; Adios, Megabus
Tunica continues to hemorrhage casinos. The latest casualty is Tunica Roadhouse. Owner Caesars Entertainment is terminating gambling at the property, although the 135-room hotel will be kept operational. This makes Horseshoe Tunica Caesars’ only remaining casino in the market. The move … Continue reading
MGM lawsuit backfires
MGM Resorts International stepped in it — at least momentarily — when it elected to sue victims of the Mandalay Bay Massacre in federal court. The Twitterverse briefly arose in #BoycottMGM outrage, but it died down by day’s end and … Continue reading
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
MGM’s $3.4 billion gamble; A.C. Trop, Vegas Strip show promise
With concession renewal lurking around the 2020 corner, this might seem a risky time for MGM Resorts International to open a $3.4 billion casino in Macao. But MGM China CEO Grant Bowie says, “The concession renewal will not be determined by … Continue reading
Strip’s Thanksgiving turkey; Sports betting overhyped?
Despite a neutral calendar (i.e., same number of weekend days) and a 2% increase in baccarat wagers, the Las Vegas Strip managed to plummet 25% in table game win, pulling overall revenue 6% downward. Had it not been for that game, … Continue reading
Atlantic City: There’s life after Trump; Bluhm dominates in Pennsylvania
Finally liberated from year/year comparisons that included the dying Trump Taj Mahal, casinos in Atlantic City experienced 3% revenue growth last month. Internet gambling did even better, leaping 20%. For the lifetime of ‘Net betting in New Jersey, this brings … Continue reading
Posted in Animals, Atlantic City, Carl Icahn, Delaware, Greenwood Racing, Harrah's, Internet gambling, MGM Mirage, Mohegan Sun, Movies, Neil Bluhm, Nevada, Pennsylvania, PokerStars, Politics, Racinos, Sheldon Adelson, Tilman Fertitta, Tropicana Entertainment, Trump Entertainment Resorts
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Warm September for Atlantic City
Things continue to look up for the Boardwalk. Last month, Atlantic City casinos showed a 2.5% revenue increase on a same-store basis. Toss the dead weight of Trump Taj Mahal out of the year/year comparison and the growth is an … Continue reading
Posted in Atlantic City, Dan Gilbert, Detroit, Entertainment, Glenn Straub, Hard Rock International, Harrah's, Internet gambling, Marketing, MGM Mirage, Mohegan Sun, Revel, Tilman Fertitta, Tropicana Entertainment, Trump Entertainment Resorts, Wall Street
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Light at end of Atlantic City tunnel; Madonna gets played
There’s one reason to look forward to November in Atlantic City: Revenue comparisons will no longer have to include the dead weight of Trump Taj Mahal. Gaming revenues were up 3.5% on the Boardwalk last month but add the Taj … Continue reading
Posted in Architecture, Aristocrat, Atlantic City, Cosmopolitan, Dan Gilbert, Detroit, Entertainment, Harrah's, Marketing, MGM Mirage, Mohegan Sun, Paragon Gaming, Scientific Games, Sports, Technology, The Strip, Tilman Fertitta, Tropicana Entertainment, Trump Entertainment Resorts, Westgate LV
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Culinary boycotts beer; Wynn stock upgraded on Macao strength
Along with Organizing Beyond Barriers, the Culinary Union is calling upon Trader Joe’s to stop carrying Gordon Biersch beer labels Josephsbrau, Black Toad Ale, and Stockyard Oatmeal Stout. Why? Because the “principals are Frank and Lorenzo Fertitta, controlling owners of the Las … Continue reading
Posted in Atlantic City, Culinary Union, Donald Trump, Harrah's, Internet gambling, Lucky Dragon, Macau, MGM Mirage, Mohegan Sun, Politics, Station Casinos, Steve Wynn, The Strip, Tilman Fertitta, Tropicana Entertainment, Trump Entertainment Resorts, Wall Street
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Hard Rock takes Icahn to the cleaners
Well, now we know how much Hard Rock International paid for Trump Taj Mahal — and why Carl Icahn wanted to keep it a secret. The defunct casino changed hands for $50 million, well below the nine-figure sum Icahn was … Continue reading
Posted in Atlantic City, Carl Icahn, Columbia Sussex, Donald Trump, Glenn Straub, Hard Rock International, MGM Mirage, Pennsylvania, Regulation, Revel, Sheldon Adelson, Tribal, Tropicana Entertainment, Trump Entertainment Resorts
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Exit Trump, enter Hard Rock; Casinos in Cuba again?
Hard Rock International is putting its money where its mouth is, judging from the preview it gave of the Hard Rocked Trump Taj Mahal. The most obvious changes will be on the exterior, where all the tiki-tacky Trump theming will … Continue reading
Trump’s revenge; Larry Flynt, casino boss
Why is Trump Plaza the whitest elephant among Atlantic City casinos? (Scroll to bottom) Because its operating costs include a $1 million ground lease to former American Jewish Congress head Robert Lifton, who owns the underlying acreage. This little poison … Continue reading
Penn National backpedals; Feral bunnies terrorize Vegas
Penn National Gaming released fourth-quarter numbers and, according to Deutsche Bank‘s Carlo Santarelli acknowledged a “difficult start” at Hollywood Jamul (this despite having an extra-long runway to get the new property aloft). Santarelli called the tribal casino a “drag” on … Continue reading
Posted in Animals, Atlantic City, California, Dining, Donald Trump, Election, Glenn Straub, GLPI, Hard Rock International, history, Illinois, Iowa, Japan, Macau, Marketing, Penn National, Regulation, Revel, Sheldon Adelson, Slot routes, Steve Wynn, Technology, The Strip, Tribal, Trump Entertainment Resorts, Wall Street, West Virginia
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All right in Atlantic City; Trump: The Asia connection
Columnist Steve Ruddock recently took a deep dive into Atlantic City and found the water to be just fine, thank you. He didn’t just mean his hotel room at Resorts Atlantic City, which he deemed cleaner and better-maintained than many … Continue reading
Straub makes some odd choices; Tiverton still up for grabs
Glenn Straub won one round, lost another in his quest to revive Revel as Ten. On Oct. 18, he received a certificate of occupancy, paving the way for him to reopen the property. (Last spring’s effort was a Chinese fire … Continue reading
Posted in Affinity Gaming, Ameristar, Atlantic City, Election, Glenn Straub, GLPI, Hard Rock International, Isle of Capri, Kansas, Massachusetts, Missouri, Penn National, Pinnacle Entertainment, Regulation, Revel, Rhode Island, Tropicana Entertainment, Trump Entertainment Resorts
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Boyd: The big squish; Trump’s double-dip
“Squishy.” That was how JP Morgan analyst Joseph Greff described Boyd Gaming‘s third quarter. The soggy verbiage was probably inspired by flooding that has vexed Boyd in Louisiana. The company is also facing stiff, new competition for IP Biloxi on … Continue reading
Posted in Atlantic City, Boyd Gaming, Cannery Casino Resorts, Culinary Union, Donald Trump, Economy, Geoff Freeman, Illinois, Louisiana, Mississippi, Regulation, Sports, Station Casinos, Taxes, Trump Entertainment Resorts, Wall Street
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