Category Archives: Colony Capital

Penn gets bigger; Cool February in Nevada

Not many casino companies would double down on the Tunica market, let alone triple down. However, Penn National Gaming has an appetite for risk plus a track record of taking distressed properties and turning them around. So, in addition to … Continue reading

Posted in Boulder Strip, Colony Capital, Downtown, Harrah's, Lake Tahoe, Laughlin, Maryland, Mesquite, Mississippi, Nevada, Ohio, Penn National, Reno, The Strip, Wall Street | Leave a comment

Trump Taj saves Atlantic City; Barrack resurfaces; Visiting Memory Lane

When we rounded up Atlantic City gaming numbers yesterday, we didn’t get into market-adjusted comparisons and thus buried the lead. The Boardwalk’s surviving casinos saw, on average, a 6% increase in gaming revenue, thanks to the Oct. 10 closing of … Continue reading

Posted in Arizona, Atlantic City, Carl Icahn, Cirque du Soleil, Colony Capital, Donald Trump, Economy, Entertainment, Genting, history, Internet gambling, Japan, Law enforcement, Louisiana, Macau, Maryland, Mississippi, Ohio, PokerStars, Regulation, Revel, Sahara, Sheldon Adelson, Sports, Steve Wynn, Taxes, The Strip, West Virginia, Wisconsin | 1 Comment

Monte Carlo, meet Park MGM; Wynn, Adelson, Barrack help Trump

In the end, MGM Resorts International CEO Jim Murren couldn’t decide between “The Park” and “The Park at MGM Grand” as the new name for Monte Carlo, so he dubbed it Park MGM, which sounds like someplace you leave your … Continue reading

Posted in Charity, Colony Capital, Donald Trump, Entertainment, Environment, Harrah's, Massachusetts, MGM Mirage, Michael Gaughan, Sheldon Adelson, Sports, Station Casinos, Steve Wynn, The Strip, Transportation | Leave a comment

Showdown on the Boardwalk; Lies, damned lies and poll numbers

It’s war to the knife and knife to the hilt between Carl Icahn and Unite-Here Local 54 President Robert McDevitt over the labor situation at Trump Taj Mahal. (For the record, Donald Trump is now affiliated with the casino in … Continue reading

Posted in ACEP, Atlantic City, Boulder Strip, Carl Icahn, Colony Capital, Election, Harrah's, Internet gambling, Laughlin, LVCVA, Maryland, MGM Mirage, Mohegan Sun, Regulation, Revel, Sheldon Adelson, Sports, The Strip, Tropicana Entertainment, Trump Entertainment Resorts, Unite-Here | Leave a comment

Suffolk Downs fights back; Scrum in New Jersey Lege

Boston Mayor Martin Walsh may well have thrown in the towel in his lawsuit against Wynn Everett (technically against the Massachusetts Gaming Commission) but a quartet of Suffolk Downs workers aren’t letting Judge Janet Sanders‘ dismissal of aforesaid lawsuit go … Continue reading

Posted in Atlantic City, Colony Capital, Entertainment, Glenn Straub, Macau, Massachusetts, MGM Mirage, Politics, Racinos, Regulation, Revel, Stanley Ho, Steve Wynn, The Strip | 1 Comment

Big online month for Atlantic City

In the casino industry, $13 million may not be a lot of money — but it represented a 51% gain for Atlantic City‘s online casinos and made up for softness at brick-and-mortar gambling houses. Slot revenue was down 3% on … Continue reading

Posted in Atlantic City, Boyd Gaming, Colony Capital, Harrah's, Internet gambling, MGM Mirage, Mohegan Sun, Tilman Fertitta, Tropicana Entertainment, Trump Entertainment Resorts | 1 Comment

Fourth time the charm?; Paging Sheldon Adelson

Gaming-management company Foundation Gaming Group likes DiamondJacks Casino in Vicksburg, it’s buying the place outright — a change of style for Foundation, which prefers running casinos to owning them. There may be some nostalgia in the decision by Foundation COO … Continue reading

Posted in Colony Capital, Downtown, Genting, International, Isle of Capri, Louisiana, Mississippi, Sheldon Adelson, Technology, The Strip | 2 Comments

Stale fare for New York; Web sites taken hostage

New York gaming regulators gave the state’s southern tier a second chance to submit plans for a casino — and they got leftovers. The only bidder was Tioga Downs owner Jeff Gural (left) who essentially proposed a supersized, $145 million version … Continue reading

Posted in Atlantic City, Colony Capital, Cordish Co., Entertainment, Harrah's, Internet gambling, Maryland, Massachusetts, New York, Racinos, Regulation, Technology, Tribal | 1 Comment

Big legal bill for Steve Wynn; SLS Las Vegas craters

In case Steve Wynn is having second thoughts that maybe it was a bad idea to try and muzzle stock-picker James Chanos, a federal court made it official. On top of two defeats in the courtroom, Wynn has been handed a … Continue reading

Posted in Colony Capital, Cosmopolitan, Entertainment, Genting, James Packer, Macau, Marketing, Massachusetts, MGM Mirage, Sahara, Sam Nazarian, Sheldon Adelson, SLS Las Vegas, Steve Wynn, The Mob, The Strip, Tribal, Wall Street | Leave a comment

Christie vs. Sweeney; Straub out of A.C.?

A bill introduced in the New Jersey Legislature sets up a proxy fight between Gov. Chris Christie (R) and state Senate President Stephen Sweeney (D) over the timing of when Garden State voters will be called upon to decide Atlantic … Continue reading

Posted in Atlantic City, Carl Icahn, Colony Capital, Dennis Gomes, Donald Trump, Election, Glenn Straub, Internet gambling, MGM Mirage, Pennsylvania, Politics, Revel, Steve Wynn, Taxes | Leave a comment

New life for the Trop?; Paragon’s latest trophy

David G. Schwartz muses on the brave, new world at the Tropicana Las Vegas — soon with 100% more Penn National Gaming. He assesses it as a win for both parties. Penn gets a foothold at a strategic crossroads on … Continue reading

Posted in Alex Yemenidjian, Baseball, Colony Capital, Columbia Sussex, Donald Trump, Entertainment, Hard Rock Hotel, history, M Resort, MGM Mirage, Penn National, Riviera, Sahara, Sheldon Adelson, Singapore, Station Casinos, The Strip, Transportation, Westgate LV | Leave a comment

The new Siegel in town; The word on the Strip is “Fore!”

Any article that begins by described the late Star Trek: The Experience as “essentially weird” has one strike against it. (I can’t tell you how many former employees told me it was the best job they ever had.) Such is … Continue reading

Posted in Architecture, Colony Capital, Entertainment, Japan, MGM Mirage, New York, Politics, Singapore, Sports, The Strip, Westgate LV | 2 Comments

Atlantic City hangs in there; Mississippi mulls i-poker

When it comes to Atlantic City it literally is a question of whether the glass is half-empty or half-full. The city’s casinos are 48% off their 2006 high of $5.2 billion. In 2014, the decline was slowed somewhat by $123 … Continue reading

Posted in Atlantic City, Boyd Gaming, Colony Capital, Economy, Harrah's, Horseracing, International, Mississippi, Politics, Revel, Sports, Tilman Fertitta, Tropicana Entertainment, Trump Entertainment Resorts | Leave a comment

Good news from the Boardwalk; Leven leaves

Rid of the Atlantic Club Hotel, Showboat, Trump Plaza and Revel, cash flow at Atlantic City casinos shot upward 7%, or $147.5 million. Once that unhappy quartet is removed from the year-over-year comparison, the percentage increase falls to 3% but … Continue reading

Posted in Carl Icahn, Cirque du Soleil, Colony Capital, Harrah's, Macau, Massachusetts, MGM Mirage, Mohegan Sun, Regulation, Revel, Sheldon Adelson, Steve Wynn, The Strip, Tilman Fertitta, Trump Entertainment Resorts, Wall Street | Leave a comment

A renaissance for Atlantic City?

If Gary Green set out to stir debate with his Casino Journal polemic on Atlantic City, he could hardly have succeeded better. For Green, the glass is considerably more than half-full and the Boardwalk is “healthy, viable and sound.” In … Continue reading

Posted in Atlantic City, Boyd Gaming, Colony Capital, Current, Economy, Glenn Straub, Harrah's, Maryland, MGM Mirage, Revel, Trump Entertainment Resorts, Wall Street | Leave a comment

Atlantic City: Which way is up?; Sheldon Adelson, prophet

Unburdened of four unprofitable casinos, if the revenue in Atlantic City is counted on a “same store” basis (i.e., leaving Revel, Showboat, the Atlantic Club and Trump Plaza out of the picture), the Boardwalk actually saw a 4% increase in … Continue reading

Posted in Atlantic City, Boyd Gaming, Colony Capital, G2E, Harrah's, International, Internet gambling, Japan, Macau, Maryland, Mohegan Sun, Revel, Sheldon Adelson, Trump Entertainment Resorts, Wall Street | 1 Comment

Oh no, not him again!

Donald Trump is posturing as the potential rescuer of Trump Plaza and Trump Taj Mahal, provided he can get them dirt cheap. (Principal creditor Carl Icahn will have a thing or two to say about that.) In true Trump fashion, he … Continue reading

Posted in Atlantic City, Boyd Gaming, Carl Icahn, Colony Capital, Economy, Glenn Straub, Harrah's, Revel, Trump Entertainment Resorts | 1 Comment

Revel’s 21 grand goof

Revel‘s high-speed shutdown is descending into farce. Its armored-car contractor, GardaWorld, managed to lose $21,000 of long green. How? They — no kidding — left a cash bag on top of the truck. Security footage shows the cash still precariously … Continue reading

Posted in Architecture, Atlantic City, Boyd Gaming, Colony Capital, Harrah's, Mississippi, Racinos, Revel, Trump Entertainment Resorts, Wall Street | 1 Comment

Quad out, Linq in; Siegel in, Goldman out

It takes a big man to admit a mistake and Caesars Entertainment CEO Gary Loveman has tacitly acknowledged that “The Quad” was a mistaque. It’s on the way out, to be replaced with a re-re-branding of Imperial Palace as Linq Hotel … Continue reading

Posted in CityCenter, Colony Capital, Goldman Sachs, Harrah's, Marketing, MGM Mirage, Regulation | Tagged | 1 Comment

Churchill Downs gets singed, casino creditors get burnt

Nick Ribis, a contentious figure in the Atlantic City casino scene is at it again. Or so contends a lawsuit by Churchill Downs. The racino company claims it paid Ribis $2.5 million “to develop and operate” Internet gambling on its … Continue reading

Posted in Atlantic City, Churchill Downs, Colony Capital, Florida, Foxwoods, Harrah's, Horseracing, Internet gambling, Massachusetts, Mohegan Sun, Racinos, Revel, Sam Nazarian, Tribal | 1 Comment