Category Archives: CityCenter

Temporary relief for Illinois; CityCenter for sale?

As a huge gambling expansion works its way through the Legislature, casino owners in Illinois must feel like condemned men awaiting the execution. At any rate, it behooves them to gather roses while yet they may. Fortunately, gamblers felt like … Continue reading

Posted in Boyd Gaming, California, CityCenter, GLPI, Harrah's, Illinois, Macau, MGM Mirage, Mississippi, Neil Bluhm, Penn National, Regulation, South Korea, Sports, Taxes, The Crown 18, Wall Street | 1 Comment

Macao: Cautious recovery predicted; Straub sets Revel reopening

“Does the fact that Macao has an Eiffel Tower now bring extra people to the market,” asked Union Gaming Group analyst Grant Govertsen rhetorically. “Yes, but their main activity here will still be gaming.” “They” includes players from as far … Continue reading

Posted in Atlantic City, CityCenter, Dining, Economy, G2E, Glenn Straub, Internet gambling, Japan, Lawrence Ho, Macau, Revel, Sheldon Adelson, The Strip, Tourism, Transportation, Wall Street | 1 Comment

Japan: Hold your horses!

Contrary to a press report over the weekend — and too credulously picked up by S&G — casino gambling is far from out of the woods in the Japanese Diet. True, it was voted out of committee in the lower … Continue reading

Posted in Cirque du Soleil, CityCenter, Cosmopolitan, Japan, Melco Crown Entertainment, MGM Mirage, Politics, Regulation, Sheldon Adelson, Singapore, Steve Wynn, Taxes, The Strip, Tourism, Wall Street | Leave a comment

Case Bets: Aria, Atlantic City, etc.

Inside Aria‘s “eye in the sky” … and also probably the last time you’ll see a player in a tuxedo on a Las Vegas casino floor. * After eight long years — and without including Internet revenue — all eight Atlantic … Continue reading

Posted in Atlantic City, CityCenter, Economy, Election, Internet gambling, Macau, MGM Mirage, New York, Oklahoma, Regulation, Technology, The Strip, Tropicana Entertainment | Leave a comment

Case Bets: Wynn Boston Harbor, sports betting, cockfighting and a fire

There’s big money to be made at Wynn Boston Harbor. Primary contractor Suffolk Construction is hoping to entice subcontractors with a bundle of bids valued at $1 billion for services and supplies. That’s almost half the construction budget for the … Continue reading

Posted in Animals, CityCenter, Geoff Freeman, Law enforcement, Marketing, Massachusetts, MGM Mirage, Sports, Steve Wynn, The Strip, Tribal | 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

New era at Trump Taj Mahal; Blasphemous gambling promo spanked

He’s been handed a small budget ($15 million) for the task at hand, but new Trump Taj Mahal boss Anthony Rodio has been charged with undoing the damage inflicted on the property during the Bob Griffin era. This includes “reactivating … Continue reading

Posted in Affinity Gaming, Atlantic City, Boyd Gaming, Cannery Casino Resorts, CityCenter, Dining, history, Internet gambling, Macau, MGM Mirage, Penn National, Regulation, Sports, Stanley Ho, Station Casinos, Tamares Group, Technology, Tropicana Entertainment, Unite-Here | 1 Comment

Quote of the Day

“I believe that art is an essential element of quality of life. I believe that all people regardless of their level of interest, education in the arts or even inclination has a visceral positive experience when they are enriched visually. That … Continue reading

Posted in CityCenter, MGM Mirage, The Strip | Leave a comment

Poker Stars changes Atlantic City landscape; MGM budges (slightly) on parking fees

An extra month helped Atlantic City post a banner April, up 6%. Citywide, 5% higher slot handle produced a corresponding increase in revenue, while 4.5% table-game wagering translated into 10% more winnings for the house. Borgata ($56 million) was up … Continue reading

Posted in Ameristar, Atlantic City, Boyd Gaming, CityCenter, Golden Gaming, Harrah's, International, Internet gambling, Iowa, Isle of Capri, MGM Mirage, Mohegan Sun, Pinnacle Entertainment, PokerStars, Racinos, Sports, The Strip, Tropicana Entertainment, Warner Gaming | Leave a 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

Penn talks turkey; Celebrity brawl at Aria

Next week Penn National Gaming turns on the Marquee Rewards spigot at the Tropicana Las Vegas. Given some of management’s recent disclosures, it won’t come a day too soon: 85% of Penn’s customer base comes to Sin City but stays … Continue reading

Posted in Affinity Gaming, Ameristar, Boyd Gaming, CityCenter, Cordish Co., Full House Resorts, Harrah's, Indiana, Isle of Capri, Majestic Star, Marketing, Maryland, Massachusetts, MGM Mirage, Missouri, Ohio, Penn National, Pennsylvania, Pinnacle Entertainment, Racinos, Steve Wynn, Taxes, The Strip, Tourism, Tribal, Tropicana Entertainment, Wall Street, West Virginia | 1 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

That impersonal touch; Big day for MGM

What is almost completely missing from this commercial? Caesars Entertainment guests are lengthily shown drinking, dining, riding the High Roller (which could use the traffic) and — as a very brief afterthought — gambling. So the company’s definitely on the … Continue reading

Posted in California, CityCenter, Detroit, Dubai, Genting, Harrah's, International, LVCVA, MGM Mirage, Mississippi, Penn National, Regulation, Riviera, Taxes, Technology, The Strip, Tourism, Tribal, Wall Street | 1 Comment

Crystals sold; Struggles in California

This morning, Real Estate Alert published a story saying that MGM Resorts International and Dubai World had liquidated Crystals, the high-end retail mall at CityCenter, to Simon Property Partnership. The transaction was valued at $1.1 billion and change, which means … Continue reading

Posted in Australia, California, CityCenter, Dubai, Horseracing, Internet gambling, MGM Mirage, Regulation, Technology, The Strip, Tribal, Wall Street | 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

Banner week for Wynn, Station; Life after Macao for MGM

Station Casinos closed out the year on a strong note, posting its 11th straight quarter of net revenue growth and 19th of improved cash flow. It marked blue-ribbon finish to a year that saw the highest revenues for the company … Continue reading

Posted in CityCenter, Detroit, Harrah's, Macau, MGM Mirage, Mississippi, Station Casinos, Steve Wynn, The Strip, Tourism, Transportation, Wall Street | 3 Comments

To park or not to park, that is the question

Jim Murren wants more than our money with MGM Resorts International‘s controversial new parking fees. He wants our gratitude. “I ask them to honestly reflect what it means to be a local and how the tourist economy has improved their … Continue reading

Posted in CityCenter, Culinary Union, Economy, Harrah's, International, MGM Mirage, Sports, The Strip, Transportation | Leave a comment

Adelson’s new toy; MGM: ‘Zarkana’ out, architectural innovation in

Las Vegas‘ worst-kept secret is out: Sheldon Adelson is the new owner of the Las Vegas Review-Journal. He’s claiming that the clumsy subterfuge was needed so as not to “distract from the important role Nevada continues to play in the … Continue reading

Posted in Architecture, Cirque du Soleil, CityCenter, Election, Harrah's, Harry Reid, MGM Mirage, Politics, Sheldon Adelson, Taxes, The Strip | 4 Comments

Caesars loses Ohio; Parking fees on the Strip?

In a lose-lose scenario, Caesars Entertainment is losing its management contracts at Horseshoe Cincinnati, Horseshoe Cleveland and Thistledown Racino. Even with the valuable Horseshoe brand, all three had been losing business in recent months. Caesars had long ago sold its … Continue reading

Posted in CityCenter, Current, Dan Gilbert, Harrah's, James Packer, Lawrence Ho, Macau, Marketing, Maryland, MGM Mirage, Ohio, Regulation, Sheldon Adelson, Station Casinos, Steve Wynn, Technology, The Strip, Transportation | 1 Comment

MGM: The Murren roars

In one of the year’s least surprising surprises, MGM Resorts International announced that it is spinning 10 of its casinos off into a REIT and is in a hurry to do so, expecting the transaction to close in the first … Continue reading

Posted in CityCenter, Illinois, Macau, Maryland, Massachusetts, MGM Mirage, Mississippi, Station Casinos, Wall Street | 1 Comment