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- Atlantic City rebounds; Sibella dumped; NFL suspicions
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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: Goldman Sachs
Quote of the Day
“In the case of infectious diseases such as hepatitis C, curing existing patients also decreases the number of carriers able to transmit the virus to new patients, thus the incident pool also declines … Where an incident pool remains stable … Continue reading
Posted in Current, Goldman Sachs
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Best Western Stratosphere?; Atlantic City rescued in nick of time
* Golden Entertainment will be facing a fait accompli when it takes over the Stratosphere and Aquarius Casino Resort from American Casino & Entertainment Properties. Outgoing owner ACEP has inked a pact with Best Western to manage the two flagship … Continue reading
Better times come to Atlantic City; Wynn Boston Harbor sets opening date
May’s gambling grosses are in from the Boardwalk and Atlantic City is up 2.5% since last year — 11% if Trump Taj Mahal is subtracted from the comparison. Terrestrial casinos pulled in $208 million, while Internet gambling grossed a further … Continue reading
Posted in Affinity Gaming, Architecture, Atlantic City, Boulder Strip, Boyd Gaming, Cannery Casino Resorts, Dan Gilbert, Detroit, Golden Gaming, Goldman Sachs, Harrah's, Internet gambling, Massachusetts, MGM Mirage, Mohegan Sun, North Las Vegas, Palms, Phil Ruffin, SLS Las Vegas, Station Casinos, Steve Wynn, Tilman Fertitta, Tropicana Entertainment, Wall Street
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Stratosphere: From Goldman to Golden; Christmas tree for gamers in Pennsylvania
Goldman Sachs has had enough of the casino business. Either that or the price was right. Whatever the case, Golden Entertainment has just executed the greatest coup of its brief existence. It has purchased Las Vegas icon the Stratosphere. In … Continue reading
Posted in Baseball, Boulder Strip, Carl Icahn, Foxwoods, Golden Gaming, Goldman Sachs, Internet gambling, Laughlin, MGM Mirage, Mohegan Sun, Pennsylvania, Regulation, Sheldon Adelson, Slot routes, Sports, Taxes, The Strip, Tribal
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Freeman: Sports betting is coming; Second thoughts on Paradise Park
It could be a case of wishing that legalization of sports betting will make it so. Or maybe Geoff Freeman is privy to intelligence that he’s not shared with the rest of us. Either way, he thinks a sports-betting repeal … Continue reading
MGM National Harbor a hit with players; Fertitta talks a good game
Given its high profile, MGM National Harbor had to hit a home run for MGM Resorts International and, judging by the numbers, it’s done just that. Last month it grossed $49 million, which — when the numbers are adjusted to … Continue reading
Posted in Boyd Gaming, Cordish Co., Downtown, GLPI, Golden Gaming, Goldman Sachs, Harrah's, Illinois, Louisiana, Maryland, MGM Mirage, Mississippi, Neil Bluhm, Nevada, New York, Penn National, Politics, Racinos, Regulation, Sheldon Adelson, Slot routes, Sports, Station Casinos, The Strip, Tilman Fertitta, Wall Street, West Virginia
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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 Westgate
1 Comment
Wynn wins again; LVH sale near
Steve Wynn‘s $19 million libel award against sleazebag Joe Francis, former purveyor of Girls Gone Wild, has been upheld. The appeals court also imposed a gag order on Francis, enjoining him from ever repeating his claims that Wynn threatened to … Continue reading
Posted in Entertainment, Goldman Sachs, Harrah's, Illinois, LVCVA, Steve Wynn, The Strip, Wall Street
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What’s “incidental” & other Case Bets
When the Clark County Commission went out of its way to define “tavern gaming” in 2011, it went into all sorts of minutiae about kitchens and such. But it neglected to address the elephant in the room: How much gambling … Continue reading
Twin setbacks in Massachusetts
After all the tsuris that’s gone into bringing casinos to Massachusetts, it may be for naught. In two months, public support has gone from 53% to 46% (against 43% opposed), according to MassINC Polling Group. That means that, if casino … Continue reading
Posted in Atlantic City, Culinary Union, Goldman Sachs, Macau, Massachusetts, Mohegan Sun, Penn National, Revel, Steve Wynn, The Strip
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Dramatic turnarounds in Massachusetts; Tribe-on-tribe conflict in California
Hopes that the Mashpee Wampanoags have for a casino got a big lift on March 12. That’s when Interior Department Solicitor Hilary Tompkins ruled that tribes not recognized before 1934 weren’t excluded from casino eligibility. In her interpretation of the … Continue reading
Posted in Boyd Gaming, California, Culinary Union, Derek Stevens, Downtown, Goldman Sachs, Harrah's, Horseracing, Massachusetts, Mohegan Sun, Regulation, Station Casinos, Steve Wynn, Tamares Group, Terry Caudill, The Strip, Tilman Fertitta, Tribal
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Overexuberance in New Jersey, generosity in Maryland
New Jersey Gov. Chris Christie (R) is setting himself up for a fall with his blue-sky projections of Internet-gambling revenue. Eilers Research has projected that it will take two or three years for gambling revenue to reach $227 million … … Continue reading
Posted in Atlantic City, Economy, Goldman Sachs, Harrah's, history, Illinois, Internet gambling, Macau, Maryland, Massachusetts, Regulation, Slot routes, Taxes, The Mob, The Strip, Wall Street
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Good and bad ideas in marketing; Small is beautiful, Vegas
Break out a flagon of whatever Derek Stevens is drinking and put it on my tab, lads. To commemorate the first leg of the Triple Crown, he’s holding a May 3-4 Sigma Derby tournament. Buy-in starts at $50, so starting … Continue reading
Christie: Oops, he did it again; Maryland: Take my casino, please
New Jersey Gov. Chris Christie (R) loves to veto Internet gambling bills so much that he’s just done it for a second time. There was incremental progress: In punting the ball to the Legislature’s one-yard line, Christie endorsed the idea … Continue reading
Posted in Atlantic City, Current, Economy, Goldman Sachs, Harrah's, Internet gambling, Marketing, Maryland, Massachusetts, Penn National, Politics, Regulation, Steve Wynn, Taxes, The Strip, Tribal
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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
PNK piquing little interest; B.S. walks
‘Twas the day after Christmas and all through the house, shareholders were beginning to cool on the value of Ameristar Casinos stock. It closed ever so slightly down from Pinnacle Entertainment‘s $26.50/share offer price. Perhaps I was wrong and $869 … Continue reading
Pinnacle punks Penn, swipes Ameristar
We’ve learned two important things today. One, that the Mayan calendar is not the most reliable predictor of events. Two, that Ameristar Casinos‘ on-again/off-again talk about putting itself up for sale was back in “on” mode. Before hardly anybody got … Continue reading
Posted in Ameristar, Atlantic City, Boyd Gaming, Columbia Sussex, Cordish Co., Current, Dan Lee, Economy, Election, Goldman Sachs, Harrah's, Indiana, Iowa, Kansas, Louisiana, Maryland, Massachusetts, MGM Mirage, Mississippi, Missouri, Penn National, Pennsylvania, Pinnacle Entertainment, Politics, Racinos, Regulation, Sheldon Adelson, Steve Wynn, Taxes, Texas, Wall Street
1 Comment
Election wrap-up: Winners & losers
But first, because it will never, ever get old … Also this, from @daveweigel: “[Florida] exit poll: Obama winning Jewish vote by 40 points. 40 points. Nice work, Sheldon Adelson.” We’ll tap dance on Sheldon’s head some more further down, … Continue reading
Posted in Atlantic City, Colony Capital, Colorado, Cordish Co., Cretins, Current, Donald Trump, Economy, Election, Florida, Goldman Sachs, Harrah's, International, Internet gambling, Maine, Marketing, Maryland, Massachusetts, Minnesota, Pennsylvania, Politics, Racinos, Sheldon Adelson, Shuffle Master, Steve Wynn, Tribal, TV, Wall Street, West Virginia
4 Comments
Shadow-puppetry at the Sahara; TropiHilton of LV; Melco goes southerly
“Lightweight” might be a apt term to describe the braintrust forming around the SLS/Sahara project. So would “miscast.” Reporting to casino novice and owner Sam Nazarian, its president will be J.P. Morgan investment banker Sam Bakhshandehpour. His main qualification for … Continue reading
Posted in Alex Yemenidjian, Colony Capital, Cosmopolitan, Current, Goldman Sachs, Harrah's, International, James Packer, Lawrence Ho, Marketing, Melco Crown Entertainment, MGM Mirage, Planet Hollywood, Sahara, Steve Wynn, The Strip, Tourism, Wall Street
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Splitsville: Harrah’s and ‘Legends’; Wanna buy used Hooters?
If you want to see Legends in Concert at Harrah’s Las Vegas, better get a move on: The tribute act and Harrah’s LV “have mutually agreed” to go their separate ways on Dec. 30. This doesn’t mean that Caesars Entertainment … Continue reading