Category Archives: George Maloof

Atlantic City strong; Station’s demolition derby; De$anti$ hits jackpot; Mega-Jottings

There’s so much news today we almost don’t know where to begin. But we’ll start with Atlantic City, which reported a 2% increase in casino revenue, to $229 million. Internet gambling and sports betting chipped in another $169 million. One … Continue reading

Posted in Atlantic City, Bally, Barstool Sports, BetMGM, Boulder Strip, Boyd Gaming, Caesars Entertainment, Canada, China, Donald Trump, Dotty's, Downtown, DraftKings, FanDuel, Genting, George Maloof, Golden Nugget, Hard Rock International, Health, International, Internet gambling, Las Vegas Sands, Law enforcement, Macau, MGM Resorts International, Michael Gaughan, Mohegan Sun, North Las Vegas, Ocean Resort, Pennsylvania, Phil Ruffin, Politics, Real Estate, Regulation, Resorts World LV, Sheldon Adelson, Sociedade de Jogos de Macau, Sports, Sports betting, Station Casinos, Steve Wynn, Texas, The Strip, Tribal, United Kingdom, Wall Street, WInd Creek | 1 Comment

Feds screw small casinos; Coronavirus detritus

Unless there’s a change in the rules in Washington, D.C., the current pandemic could cut like an economic scythe through small gaming operators and slot routes. The Small Business Administration has fallen back on a pettifogging old rule that businesses … Continue reading

Posted in AGA, Dining, Economy, George Maloof, Georgia, Health, Las Vegas Sands, LVCVA, Mississippi, Movies, Oscar Goodman, Slot routes, Sports betting, Transportation, TV | Comments Off on Feds screw small casinos; Coronavirus detritus

Las Vegas thrives; Palms ad backfires

Yesterday, we spotlit the Debbie Downer view of Las Vegas of one online columnist. And while a lengthy slide in visitation numbers remains a concern, dark and anecdotal snapshots of Sin City are contradicted by the numbers. The latter are … Continue reading

Posted in Boyd Gaming, Cosmopolitan, Eldorado Resorts, George Maloof, Harrah's, Horseracing, Illinois, Indiana, Laughlin, Macau, Marketing, MGM Mirage, Mississippi, Palms, Pennsylvania, Politics, Racinos, Reno, Sheldon Adelson, Slot routes, Station Casinos, Tribal, Wall Street, Wynn Resorts | 2 Comments

Smashing concept at Palms; Strike vote today

Station Casinos is firing up the marketing machine for the rollout of its $620 million re-do of the Palms. The new ad campaign is branded “From Dust to Gold” and is heavy on the smashing of glitzy objects. Whether gleeful … Continue reading

Posted in Culinary Union, Current, Economy, George Maloof, history, Internet gambling, LVCVA, Marketing, Mississippi, Sports, Station Casinos, The Strip | Comments Off on Smashing concept at Palms; Strike vote today

Indiana suffers, Ohio not so much; Station’s surprise

While its $170 million gross looked a lot better than Illinois‘ $104 million, Indiana saw its gamblers stay home in droves — 24% less foot traffic, although those who showed up seemed to have spent 21%. In any event, gambling … Continue reading

Posted in Boyd Gaming, Churchill Downs, Economy, Eldorado Resorts, George Maloof, GLPI, Hard Rock International, Harrah's, Illinois, Indiana, Kentucky, Marketing, Ohio, Palms, Penn National, Pennsylvania, Pinnacle Entertainment, Racinos, Reno, Sports, Station Casinos, The Strip, Tribal | Comments Off on Indiana suffers, Ohio not so much; Station’s surprise

Wynn: “The End of an Era”

That’s how Deutsche Bank analyst Carlo Santarelli headlined his investor note alerting stockholders to the news that Wynn Resorts CEO/Chairman Steve Wynn has opted to step down. One can only speculate, but Carrie Geer Thevenot‘s long-buried Las Vegas Review-Journal report … Continue reading

Posted in Current, George Maloof, history, Macau, Massachusetts, Nevada, Regulation, Sexual misconduct, Sheldon Adelson, Steve Wynn, Wall Street | 5 Comments

Freeman goes native; MGM hits a three-pointer

American Gaming Association President Geoff Freeman was in Oklahoma City yesterday to talk up the economic benefits of Native American gaming. While one might be tempted to say they speak for themselves, the AGA rolled out some pretty powerful numbers. … Continue reading

Posted in Alaska, Animals, California, Cosmopolitan, Florida, Foxwoods, George Maloof, Mandalay Bay Massacre, Marketing, Massachusetts, MGM Mirage, Mohegan Sun, Oklahoma, Sports, Texas, The Strip, Tribal, TV | Comments Off on Freeman goes native; MGM hits a three-pointer

How Conor McGregor is like Donald Trump & other news

Not since the election of Donald Trump have oddsmakers been poised to take such a shellacking as at this weekend’s showdown between tomato cans Floyd Mayweather Jr. and boxing debutante Conor McGregor. Despite Mayweather’s proven track record, sports books have … Continue reading

Posted in Atlantic City, George Maloof, Harrah's, Internet gambling, MGM Mirage, Michael Gaughan, New York, PokerStars, Sports, Steve Wynn, Taxes, Technology, The Strip, Tilman Fertitta, Tribal, Westgate LV | Comments Off on How Conor McGregor is like Donald Trump & other news

MGM changes Macao strategy; Protest at the Hard Rock

MGM Resorts International isn’t counting on the whales to make ends meet at its Cotai Strip™ casino. “Our business model is not predicated on the VIP business. Our strategic plan is built on catering to this tremendously emerging more-affluent Chinese customer, a … Continue reading

Posted in Ameristar, Arizona, Culinary Union, George Maloof, Hard Rock Hotel, International, Internet gambling, Japan, Macau, Marketing, Marnell Gaming, Planet Hollywood, Regulation, Station Casinos, The Strip, Tribal | 3 Comments

Analysts: Station underperforms; Miami Beach bans casinos

Station Casinos reported revenue yesterday and the Palms is on track for 6% ROI this year. So there’s some work to be done. Management is already off to a good start by closing the world’s largest Hooters, victim of sagging … Continue reading

Posted in Colony Capital, Columbia Sussex, Dining, Donald Trump, Florida, Genting, George Maloof, Hard Rock International, Harrah's, history, IGT, International, MGM Mirage, PokerStars, Seminole Tribe, Sports, Station Casinos, Wall Street | 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 | Comments Off on Station snapping up Palms?

Illinois casinos stave off competition; Palms potentially for sale

Despite being increasingly besieged by slot routes, Illinois casinos had a good February, up 5%. Foot traffic was 3% higher and customer spending rose 2%.  Two operators had revenue-negative months, with MGM Resorts International off 1% at Grand Victoria Elgin, while … Continue reading

Posted in Boyd Gaming, Carl Icahn, Entertainment, Fontainebleau, George Maloof, GLPI, Harrah's, Illinois, Macau, MGM Mirage, Neil Bluhm, Penn National, Slot routes, Steve Wynn, The Strip, Wall Street | 2 Comments

Straub’s time runs short; Smoke gets in Macao’s eyes

Glenn Straub may be $10 million the poorer after yet another deal for Revel has come apart at the seams. Straub wanted to expunge any obligations to Revel tenants. Federal courts would not let him. And, upon that impasse, the … Continue reading

Posted in Architecture, Atlantic City, Downtown, Economy, Environment, George Maloof, Hard Rock International, Harrah's, history, Macau, Revel, Steve Wynn | 1 Comment

SLS struggles to find its niche; Cordish knows its one

Granted, Sam Nazarian had to do something with the Sahara, but so far when SLS Las Vegas makes the headlines it’s with another piece of bad news. F&B offerings have been cut back and the nightclub program is struggling. Rationalizes … Continue reading

Posted in Boyd Gaming, Cordish Co., Dining, Genting, George Maloof, Harrah's, Maryland, New York, Regulation, Revel, Sahara, Sam Nazarian, The Strip | Comments Off on SLS struggles to find its niche; Cordish knows its one

Silver breaks ranks; Is NHL a done deal for Vegas?

In a bold, if not completely surprising move, NBA Commission Adam Silver took to the op-ed pages of the New York Times to advocate the nationwide legalization of sports betting. “Times have changed … Gambling has increasingly become a popular and … Continue reading

Posted in Dotty's, George Maloof, Harrah's, MGM Mirage, Politics, Regulation, Sports, Taxes, The Strip | Comments Off on Silver breaks ranks; Is NHL a done deal for Vegas?

Before the fall …

Eight years later, Steve Wynn is still firmly ensconced at the top. Gary Loveman is hanging on for dear life and George Maloof is a sad-faced figurehead. And $2.7 billion for a casino resort (Wynn Las Vegas) looks like frugality … Continue reading

Posted in Boyd Gaming, CityCenter, Cosmopolitan, Economy, Fontainebleau, George Maloof, history, Steve Wynn, The Strip, Wall Street | 4 Comments

Five weeks for Sahara Sam

That’s how much time Sam Nazarian has to scare up $115 million from overseas sources. If the deal isn’t done by Feb. 28, $300 million that’s currently in escrow quietly goes away. In exchange for offshore capital, Nazarian has to … Continue reading

Posted in Cosmopolitan, Current, Entertainment, George Maloof, Goldman Sachs, International, Regulation, Sahara, Sports, The Strip, Tourism, Wall Street | 4 Comments

Palms cops a plea

It’ll cost the Palms a cool $1 million and change to make problems with the Nevada Gaming Control Board go away quietly … unless the Nevada Gaming Commission decides a still-higher penalty should be exacted. (Unlikely, but possible.) According to … Continue reading

Posted in Current, Entertainment, George Maloof, Regulation, Wall Street | 2 Comments

Lou Lang up to old tricks; Dog-and-pony show at Sahara

For months, state Rep. Lou Lang (D-Skokie), has been threatening to push an enormous gambling expansion through the Illinois Legislature during its lame-duck session. He says he’s “getting very close” but we’ve heard that kind of braying from Lang previously. … Continue reading

Posted in Architecture, Carl Icahn, Cosmopolitan, Current, Entertainment, Fontainebleau, George Maloof, Harrah's, Illinois, MGM Mirage, Politics, Racinos, Regulation, Sahara, Sheldon Adelson, Slot routes, Steve Wynn, The Strip, Tourism, Transportation | 4 Comments

USA Today’s best of the Strip

Pursuant to our last S&G dispatch, here are the USA Today choices for top attractions on the Strip (uniqueness and affordability being prime considerations). If you’re not staying at a Hilton property right now, you aren’t vouchsafed access to the … Continue reading

Posted in Architecture, CityCenter, Cosmopolitan, Dining, Entertainment, Environment, George Maloof, Harrah's, MGM Mirage, Movies, Planet Hollywood, Steve Wynn, The Strip, Tourism, Transportation | Comments Off on USA Today’s best of the Strip