Category Archives: SLS Las Vegas

Icahn amputates nose, spites face; Casinos for Carolina?

In a “So there!” move, Carl Icahn has petitioned, as part of a sale process, to have a five-year deed restriction placed on the Trump Taj Mahal, preventing anyone from reopening it as a casino until 2022. He’s also surrendering … Continue reading

Posted in Atlantic City, Carl Icahn, Moulin Rouge, North Las Vegas, Politics, SLS Las Vegas, South Carolina, Sports, Station Casinos | Leave a comment

Running the tables in Pennsylvania; MGM woos Georgia (again)

Due to Pennsylvania‘s quirky habit of releasing slot and table game revenue numbers in staggered fashion, we don’t often comment on Keystone State gambling revenues. Fortunately, the Center for Gaming Research at UNLV consolidates the information into one handy-dandy report. … Continue reading

Posted in Architecture, Aristocrat, Australia, Cosmopolitan, Economy, Eldorado Resorts, Georgia, GLPI, Greenwood Racing, Harrah's, Hooters, Isle of Capri, Macau, Maryland, MGM Mirage, Mohegan Sun, Neil Bluhm, Penn National, Pennsylvania, Pinnacle Entertainment, Politics, Racinos, Sheldon Adelson, Slot routes, SLS Las Vegas, Taxes, The Strip, Tourism, Transportation | Leave a comment

Ducey: Let’s make a deal; Trump = legal sports betting?

It looks like the State of Arizona may be ready to throw in the towel in its losing fight against the Tohono O’odham Nation over its Desert Diamond casino. Gov. Doug Ducey (R) has inked a new compact with 10 … Continue reading

Posted in Aristocrat, Arizona, Boulder Strip, Donald Trump, Geoff Freeman, IGT, Lucky Dragon, Marketing, Politics, Regulation, SLS Las Vegas, The Strip, Tourism, Tribal | Leave a comment

Wynn subtracting one golf course, adding another?; Resorts World Las Vegas postponed again

Although Steve Wynn remains bent upon tearing out Wynn Golf Club on the Strip — in favor of Wynn Paradise Park one day, an NFL stadium the next — he may be planning one for Wynn Boston Harbor. At least … Continue reading

Posted in Atlantic City, Economy, Election, Entertainment, Genting, Lucky Dragon, Macau, Massachusetts, Mississippi, New York, SLS Las Vegas, Steve Wynn, The Strip | 2 Comments

Station trumps stadium selection

Station Casinos has vaulted to the forefront of the parties vying to host an NFL-size stadium on their property. While Station’s vast real estate bank has long been viewed as the ace up its sleeve, the company has had difficulty … Continue reading

Posted in Architecture, Lucky Dragon, MGM Mirage, Riviera, Sheldon Adelson, SLS Las Vegas, Sports, Station Casinos, The Strip, Transportation | Leave a comment

Top Golf’s impressive debut; Lucky Dragon’s calculated risk

“My only problem is A.D.D.” read the T-shirt of one of the celebrants at last night’s opening of Top Golf, on the MGM Grand campus. He was certainly in the right place. If you are serious about honing your skills, … Continue reading

Posted in Boyd Gaming, Churchill Downs, Entertainment, Foxwoods, G2E, Geoff Freeman, Illinois, Internet gambling, Law enforcement, Lucky Dragon, Macau, Marketing, MGM Mirage, Mohegan Sun, Pennsylvania, Philippines, Regulation, Sheldon Adelson, SLS Las Vegas, Sports, Station Casinos, Technology, The Strip | Leave a comment

Wynn thinks even bigger; Showdown looming in Atlantic City

Perhaps to provide a diversion from a flat first quarter, Steve Wynn has been tinkering with the plans for Wynn Paradise Park, making them more grandiose. That modest little island in the middle of the lagoon has swelled into an … Continue reading

Posted in Architecture, Atlantic City, Carl Icahn, Economy, Genting, James Packer, SLS Las Vegas, Steve Wynn, Technology, The Strip, Tropicana Entertainment, Unite-Here | 1 Comment

MGM wows Wall Street; Lucky Dragon clears major hurdle

Stock analysts were expecting MGM Resorts International to report 1Q16 cash flow of $590 million but the lion overshot projections, bringing in the sheaves to the tune of $618 million. JP Morgan analyst Joseph Greff credited much of the success … Continue reading

Posted in Cirque du Soleil, CityCenter, Detroit, Entertainment, James Packer, Lucky Dragon, LVCVA, Macau, Melco Crown Entertainment, MGM Mirage, Mississippi, Sheldon Adelson, SLS Las Vegas, Steve Wynn, The Strip, Wall Street | Leave a comment

Wynn vs. Wynn II; T-Mobile Arena arrives

You’ve got to hand this to Elaine Wynn: She doesn’t give up easily. Her attorneys have filed their no less than fifth amended complaint and counterclaim. It references depositions from several Wynn Resorts board members, including former Nevada Gov. Bob Miller. It … Continue reading

Posted in CityCenter, Entertainment, history, MGM Mirage, Sheldon Adelson, SLS Las Vegas, Sports, Steve Wynn, The Strip | Leave a comment

Secrecy prevails in Nevada; Doubletalk Down Under

In a step backward for public transparency, the Nevada Gaming Commission has decreed that privately held casinos no longer have to disclose their financial performance. Not only will this spare SLS Las Vegas the embarrassments that are its quarterly reports, … Continue reading

Posted in Australia, Charity, Cosmopolitan, Culinary Union, Harrah's, Phil Ruffin, Problem gambling, Regulation, SLS Las Vegas, The Strip, Wall Street | Leave a comment

Vegas philanderer meets grisly fate; Hot water for Westgate

Phillip Frank Panzica should have wiped that grin off his face. After being caught in Las Vegas performing public sexual acts on the Vegas High Roller, he pled out to a misdemeanor charge and had scarcely returned to Texas before … Continue reading

Posted in Law enforcement, Regulation, SLS Las Vegas, Texas, The Strip, Westgate LV | Leave a comment

Gaming companies seek to hide financial results; Murren bullish on MGM

When the gaming industry speaks, Frank Schreck‘s lips move. His latest move is to propose a removal of the transparency that applies to casinos owned by investment banks and funds, such as the Hard Rock Hotel & Casino and SLS … Continue reading

Posted in CityCenter, Economy, Florida, Hard Rock Hotel, Internet gambling, MGM Mirage, Regulation, SLS Las Vegas, The Strip | Leave a comment

Hope for Atlantic Club; Boffo month for Maryland

Not so fast, says Endeavor AC about yesterday’s report that its purchase of the Atlantic Club was defunct. The would-be purchaser says it has “a very strong and creditable private equity source to finance the acquisition and development of the … Continue reading

Posted in Atlantic City, Cordish Co., Dan Gilbert, Glenn Straub, Golden Gaming, Harrah's, Japan, Law enforcement, Maryland, Penn National, Pennsylvania, Planet Hollywood, Politics, Problem gambling, Racinos, Revel, Sheldon Adelson, SLS Las Vegas, The Strip, Tourism | Leave a comment

Up and down the Strip

SLS Las Vegas is finally doing better, if by “doing better” you mean losing only $39 million in a full 3Q15 as opposed to the $46 million lost in the truncated (five-week) 3Q14. Stockbridge Capital Partners continues to have to … Continue reading

Posted in Architecture, Cosmopolitan, Derek Stevens, Downtown, Economy, Fontainebleau, Genting, Harrah's, James Packer, Lucky Dragon, LVCVA, Marketing, MGM Mirage, Riviera, Sam Nazarian, Sheldon Adelson, SLS Las Vegas, Tamares Group, Taxes, The Strip, Wall Street | 2 Comments

SLS gets new patron; Mixed quarter at Caesars

Revolving doors continue to spin, metaphorically, at SLS Las Vegas. No sooner had Hilton Worldwide dropped the property from its Curio brand but Starwood Resorts Worldwide picked up part of the property and slapped its W hotel escutcheon on it. The … Continue reading

Posted in Harrah's, International, Macau, Marketing, Maryland, Regulation, Sam Nazarian, SLS Las Vegas, Station Casinos, Technology, The Strip | 1 Comment

New blows to Adelson, SLS; Seminoles’ air war

Ex-Sands China CEO Steven Jacobs‘ wrongful-termination case will still proceed under the gavel of Judge Elizabeth Gonzalez. The Nevada Supreme Court, in an unpublished opinion, reaffirmed Gonzalez’s standing in the case and also ordered Las Vegas Sands to pony up … Continue reading

Posted in Florida, Indiana, Internet gambling, Macau, Politics, Regulation, Sam Nazarian, Seminole Tribe, Sheldon Adelson, SLS Las Vegas, Taxes, The Strip, TV | Leave a comment

Packer on the move in Vegas; Impending strike in Detroit?

Formally speaking, Alon hasn’t broken ground but that hasn’t stopped James Packer‘s bulldozers and backhoes from moving earth around at the site of the planned megaresort, as well as leveling some of the landscaping Steve Wynn paid for to conceal … Continue reading

Posted in Architecture, Carl Icahn, Dan Gilbert, Detroit, Fontainebleau, Genting, James Packer, MGM Mirage, SLS Las Vegas, Steve Wynn, The Strip | Leave a comment

Station goes public; Florida compact near?

Having tried and failed to grow the company through an LBO, Station Casinos is returning to the public markets again, citing “favorable economic and market fundamentals” in support of an IPO. An executive shakeup that included the promotion of Rich Haskins … Continue reading

Posted in Atlantic City, Boyd Gaming, Economy, Florida, Fontainebleau, Horseracing, Internet gambling, New York, Pennsylvania, Politics, Seminole Tribe, Sheldon Adelson, SLS Las Vegas, Station Casinos, Steve Wynn, Wall Street | Leave a comment

So long, Sammy; DFS gets a wakeup call

As predicted here, Sam Nazarian has liquidated his 10% stake in SLS Las Vegas to majority owner Stockbridge Capital Group. He’ll still get some extra cash out of the deal, which licenses his SLS brand to Stockbridge (although you could … Continue reading

Posted in Aristocrat, G2E, Regulation, Sam Nazarian, SLS Las Vegas, Sports, Wall Street | Leave a comment

China is the watchword; Atlantic City rebounds

Builders of $135 million Lucky Dragon Casino, across Sahara Avenue from the former Circus Circus RV park, are fast-tracking the project for a mid-2016 opening. Financed with EB-5 visa contributions, Lucky Dragon hopes to be a one-stop shop for Chinese players … Continue reading

Posted in Animals, Atlantic City, Culinary Union, Dining, Election, Lucky Dragon, Macau, Regulation, Sheldon Adelson, SLS Las Vegas, Stanley Ho, Steve Wynn, Technology, The Strip, Tourism, Wall Street | Leave a comment