Category Archives: Carl Icahn

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

Posted in Atlantic City, Boulder Strip, Carl Icahn, Dining, Donald Trump, Geoff Freeman, Goldman Sachs, history, Laughlin, Politics, Sports, Steve Wynn, Technology, The Strip, Transportation, Tropicana Entertainment | Leave a comment

Trump’s revenge; Larry Flynt, casino boss

Why is Trump Plaza the whitest elephant among Atlantic City casinos? (Scroll to bottom) Because its operating costs include a $1 million ground lease to former American Jewish Congress head Robert Lifton, who owns the underlying acreage. This little poison … Continue reading

Posted in Atlantic City, California, Carl Icahn, Donald Trump, Hard Rock International, Harrah's, history, Isle of Capri, MGM Mirage, Technology, Trump Entertainment Resorts | 1 Comment

Atlantic City suffers February hiccup; Caesars K.O.’d in Korea

All good things must end and, in the case of Atlantic City, a pretty steady comeback hit a pothole in December, with business down 2%. Even Borgata ($58 million) was down a percentage point. Citywide, slot revenue was actually up … Continue reading

Posted in Atlantic City, Carl Icahn, Dan Gilbert, Detroit, Glenn Straub, Golden Gaming, Greenwood Racing, Hard Rock International, Harrah's, Internet gambling, Isle of Capri, Macau, Maryland, MGM Mirage, Mohegan Sun, Pennsylvania, PokerStars, Revel, Sheldon Adelson, South Korea, Tropicana Entertainment | 1 Comment

Sheldon stifles story; Trump Plaza’s end near

News about Las Vegas Sands‘ negotiations to sell Sands Bethlehem (confirmed) to MGM Resorts International (alleged) have been all over the Internet, especially once MGM’s name entered the discussion. You know where the story hasn’t been? Yup. Sheldon Adelson‘s very … Continue reading

Posted in Atlantic City, Carl Icahn, Hard Rock International, MGM Mirage, Pennsylvania, Sheldon Adelson, Tropicana Entertainment, Unite-Here | Leave a comment

MGM tipped as Sands Bethlehem buyer

It’s definite: Las Vegas Sands is shopping Sands Bethlehem, no matter what Ron Reese tells you. Company executives visited Pennsylvania Gaming Control Board Commissioner Richard G. Jewell with the news, which he confirmed to the Allentown Morning Call. Corroboration came … Continue reading

Posted in Carl Icahn, Georgia, Internet gambling, Maryland, Massachusetts, MGM Mirage, Movies, New York, Pennsylvania, Politics, Regulation, Sheldon Adelson, Slot routes, Tropicana Entertainment | Leave a comment

The case for cannibalization; Hard Rock buys Taj

There’s still a big budget shortfall in Pennsylvania and state Rep. Mike Sturla thinks he has at least part of the answer: slot routes. Casinos can be expected to decry this proposed solution and some already are. But for Sturla … Continue reading

Posted in Atlantic City, Carl Icahn, Economy, Foxwoods, Geoff Freeman, Golden Gaming, Hard Rock International, Harry Reid, Illinois, MGM Mirage, Mohegan Sun, Penn National, Pennsylvania, Politics, Revel, Slot routes, Sports, The Strip, Tribal, Tropicana Entertainment, West Virginia | Leave a comment

Tumult at Golden Gate; Icahn to sell Trump Taj

It’s been a busy week or so for Derek Stevens. Last week, he started turning earth on the La Bayou site, preface to construction of a two-story slot parlor that Stevens expects to have finished by August. (He wastes no … Continue reading

Posted in Alabama, Atlantic City, Carl Icahn, Derek Stevens, Dining, Downtown, Glenn Straub, Nevada, Politics, Revel, Unite-Here | Leave a comment

Cheerless Christmas in Illinois; Whitewash at Caesars?

Despite two extra weekend days, gaming revenues in Illinois were down 5% last month. For all we know, gamblers may have been saving up for Christmas but we think this points to the increasing prevalence of slot routes (many owned … Continue reading

Posted in Atlantic City, Boyd Gaming, Carl Icahn, Churchill Downs, GLPI, Harrah's, Horseracing, Illinois, MGM Mirage, Neil Bluhm, Penn National, Racinos, Slot routes, Sports, The Strip, Unite-Here | Leave a comment

National Harbor boffo for MGM; Icahn keeps them guessing

In its first month, MGM National Harbor has been both good and bad for Maryland. Although the MGM Resorts International property, acclaimed by some as being Las Vegas Strip-caliber, did blockbuster numbers, the rest of the Maryland casino industry was … Continue reading

Posted in Carl Icahn, Cordish Co., Glenn Straub, Golden Gaming, Harrah's, Internet gambling, Maryland, Massachusetts, MGM Mirage, Penn National, Pennsylvania, Politics, Revel, Slot routes, Taxes, The Strip, Tropicana Entertainment, Unite-Here, Wall Street | 2 Comments

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

All right in Atlantic City; Trump: The Asia connection

Columnist Steve Ruddock recently took a deep dive into Atlantic City and found the water to be just fine, thank you. He didn’t just mean his hotel room at Resorts Atlantic City, which he deemed cleaner and better-maintained than many … Continue reading

Posted in Atlantic City, Boyd Gaming, Carl Icahn, Donald Trump, Glenn Straub, Harrah's, International, Iowa, Massachusetts, MGM Mirage, Mohegan Sun, Penn National, Regulation, Revel, Tilman Fertitta, Tropicana Entertainment, Trump Entertainment Resorts, Vietnam | 1 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

Atlantic City: Golden Nugget now tops; MGM’s holy rollers

There’s a new leader in Atlantic City‘s Internet-gambling arena. Not PokerStars over at Resorts Digital. They’re still in last place. No, grabbing 24.5% of market share, Golden Nugget now heads the pack. Borgata has 22%, Caesars Interactive holds 18% and … Continue reading

Posted in Atlantic City, Carl Icahn, Harrah's, Internet gambling, Massachusetts, MGM Mirage, Mohegan Sun, Neil Bluhm, Pennsylvania, PokerStars, Taxes, Tilman Fertitta, Tropicana Entertainment, Wall Street | Leave a comment

Mixed signals from Atlantic City

Despite having an extra weekend day last month, casino receipts in Atlantic City were down 3.5%, largely driven by the Trump Taj Mahal. (Subtract the Taj from the equation and you’d have a flat year/year comparison.) Table game revenues were … Continue reading

Posted in Atlantic City, Carl Icahn, Glenn Straub, Harrah's, Internet gambling, MGM Mirage, Mohegan Sun, PokerStars, Revel, Tilman Fertitta, Tropicana Entertainment | 3 Comments

Taj Mahal: Soon with 100% less Trump?; Sands jams up players

While the last vestiges of Donald Trump‘s ownership of Trump Taj Mahal were liquidated when Carl Icahn took over, it retained the name and continued to buy Trump Water. (The taste of douchebaggery?) What concerns politicians in Trenton is the prospect … Continue reading

Posted in Affinity Gaming, Architecture, Atlantic City, Carl Icahn, Charity, Cirque du Soleil, Donald Trump, Downtown, Entertainment, Harrah's, International, Politics, Sheldon Adelson, The Strip, Tilman Fertitta, Tropicana Entertainment | Leave a comment

Trump Taj Mahal: End of an era; Wynn joins Atlanta pursuit

“It’s like saying goodbye to an old friend for the final time. I worked here and lived here, it was my whole life and now it’s closing. It’s all been taken away. My whole body is shaking.” So said longtime Trump … Continue reading

Posted in Atlantic City, Carl Icahn, Cordish Co., Donald Trump, Election, Florida, Geoff Freeman, Georgia, Greenwood Racing, Harrah's, history, International, Internet gambling, Neil Bluhm, Pennsylvania, Seminole Tribe, Steve Wynn, Tropicana Entertainment, Unite-Here | 1 Comment

New obstacle for Icahn; Macao’s loss is Packer’s gain

Could Carl Icahn‘s real plan for Trump Taj Mahal be to close it on Oct. 10, then reopen it as a scab property? Not if state Sen. James Whelan (D) has anything to say about it. He’s advancing a bill … Continue reading

Posted in Atlantic City, Australia, Carl Icahn, Glenn Straub, James Packer, Lawrence Ho, Macau, Tribal, Tropicana Entertainment, Unite-Here, Wisconsin | 1 Comment

Atlantic City saved

It’s all over. The fat lady hath sung. And Atlantic City lives to gamble another day. Discouraged by poll numbers that showed insurmountable support for the status quo in New Jersey, expansion PAC Our Turn NJ is closing up shop. That … Continue reading

Posted in Atlantic City, Carl Icahn, Cordish Co., Election, Entertainment, Harrah's, Illinois, International, Maryland, MGM Mirage, Mohegan Sun, New York, Penn National, Politics, Rhode Island, Slot routes, South Korea, Transportation | 1 Comment

Round One to Adelson; Berman honored; Atlantic City winning in polls

Sands China has been getting mad props for its handling of the Parisian rollout last week. Compared to Wynn Palace‘s “passive” approach to the market (and despite a hailstorm of upbeat verbiage from Steve Wynn), analyst Christopher Jones wrote, “The awareness … Continue reading

Posted in Atlantic City, Carl Icahn, Election, Harrah's, history, International, Lyle Berman, Macau, Marketing, Melco Crown Entertainment, Mississippi, Nevada, Regulation, Sheldon Adelson, Steve Wynn, The Strip, Transportation, Wall Street, World Series of Poker | 1 Comment

Atlantic City: Some win, most lose

Just when things were looking up, August casino revenues in Atlantic City fell 7%. Some consolation was to be derived from a 32% increase in Internet revenue, up to $16 million. Slot revenue of $167 million was down 5% on … Continue reading

Posted in Atlantic City, Carl Icahn, Harrah's, Internet gambling, MGM Mirage, Mohegan Sun, PokerStars, Tilman Fertitta, Tropicana Entertainment | Leave a comment