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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: Carl Icahn
California Dems rebuff Big Gaming; Icahn irate; Mega-Jottings
California‘s Democratic Party has officially taken sides in the sports-betting ballot race and effectively come down on the side of a tribal/racetrack-driven initiative, going on the record as opposing a rival measure backed by most of the big names in … Continue reading
Posted in Atlantic City, Bally, California, Card rooms, Carl Icahn, Election, Hard Rock International, Internet gambling, New York, Politics, Real Estate, Regulation, Rush Street Gaming, Sports betting, Tribal, Virginia
Comments Off on California Dems rebuff Big Gaming; Icahn irate; Mega-Jottings
Atlantic City casinos avert crisis; Congressional absurdity
It was eyeball-to-eyeball and Big Gaming blinked. Faced with probable, heavy losses of business, Borgata—the casino with the most to lose—was first to come to terms with Local 54 of Unite-Here. Terms with most of the majors were reached an … Continue reading
Posted in AGA, Arizona, Atlantic City, Bally, Baseball, Caesars Entertainment, California, Carl Icahn, Chicago, Dining, DraftKings, Entertainment, GLPI, Hard Rock Hotel, International, Internet gambling, Las Vegas Sands, Law enforcement, MGM Resorts International, Ocean Resort, Politics, Real Estate, Rhode Island, Sports betting, The Strip, Tribal, Unite-Here, West Virginia
1 Comment
Almost everyone prospers in Maryland; Broader revival continues
There’s no sign of “normalization” of gaming revenues in Maryland, where February yielded $163 million, a 19% gain over 2019. Horseshoe Baltimore continued to be somewhat sickly, down 14% to $18 million while everyone else climbed. The silver lining was … Continue reading
Posted in Architecture, BetMGM, Caesars Entertainment, Carl Icahn, Churchill Downs, Cordish Co., Downtown Grand, Entertainment, Fontainebleau, Golden Gaming, Illinois, Indiana, Louisiana, Maryland, MGM Resorts International, Missouri, Ohio, Penn National, Scientific Games, Sports betting, The Strip, Tourism, Wynn Resorts
1 Comment
Merry month of May in Las Vegas; Beehive of activity in Atlantic City
May’s gaming revenues from Nevada are in and they are blockbuster. When the Strip is 26% higher than 2019 (winning $655.5 million) and locals play is 25% stronger it is fair to say the recovery has been achieved—and far sooner … Continue reading
Posted in Atlantic City, Boulder Strip, Caesars Entertainment, Carl Icahn, Connecticut, Cretins, Diversity, Downtown, Economy, Health, history, Internet gambling, Lake Tahoe, Laughlin, Marijuana, Mesquite, Michael Gaughan, Mohegan Sun, Nevada, North Las Vegas, Reno, Sports betting, The Strip, Wendover
4 Comments
MGM hits paydirt; Palms sold?; Atlantic City underwhelms
Remember the Harmon Hotel? That Sir Norman Foster-designed tower that had to be amputated at half the intended height in 2008 because of incompetent construction? The only Las Vegas resort ever to be dismantled without having hosted a single guest? … Continue reading
Posted in Atlantic City, Boyd Gaming, Caesars Entertainment, Card rooms, Carl Icahn, Charity, Churchill Downs, CityCenter, Cosmopolitan, CQ Holdings, Detroit, Dining, Diversity, DraftKings, Entertainment, Florida, Full House Resorts, Golden Nugget, Hard Rock International, Health, Louisiana, LVCVA, MGM Resorts International, Michigan, Nevada, Ocean Resort, Palms, Penn National, Real Estate, Resort fees, Rush Street Gaming, Seminole Tribe, Sports, Sports betting, Station Casinos, Taxes, The Strip, Tribal, Wall Street, Washington State
1 Comment
Vegas locals strong, Strip stinks; Economic boom foreseen
Even with $600 extra in their pockets, gamblers could not be lured back to the Las Vegas Strip last month. Strip revenues of $321.5 million represented a 44% implosion from 2020. Statewide, the falloff was 26.5% to $762 million. Once … Continue reading
Posted in AGA, Atlantic City, Boulder Strip, Caesars Entertainment, Carl Icahn, Churchill Downs, Cordish Co., Derek Stevens, Dining, Downtown, Economy, Election, Health, history, Horseracing, Illinois, International, Kentucky, Lake Tahoe, Laughlin, Maryland, Mesquite, MGM Resorts International, Nevada, North Las Vegas, Pennsylvania, Reno, Security, Sports, Sports betting, Tennessee, The Strip, Tourism, Transportation, Wall Street, Wendover
3 Comments
F-blue returns from the grave; Caesars socks it to you
The Thing That Wouldn’t Die, aka Fontainebleau, is back again. Former owner Steven Witkoff has sold it to Koch Real Estate Investments for an undisclosed price. Considering that Witkoff bought it from Carl Icahn for $600 million and estimated that … Continue reading
Posted in Arizona, Caesars Entertainment, Carl Icahn, Economy, Eldorado Resorts, Entertainment, Fontainebleau, Harry Reid, history, Horseracing, Illinois, Law enforcement, MGM Resorts International, Mohegan Sun, Planet Hollywood, Racinos, Resorts World LV, Steven Witkoff, The Strip, Tourism, Transportation, Tribal, Virgin Hotels, Wall Street
5 Comments
Goodbye, Trump Plaza; Vaccine news boosts Big Gaming
Atlantic City Mayor Marty Small (D) has found a nifty way to raise money for the Boys & Girls Club of Atlantic City: Auction off the right to push the button that implodes Trump Plaza on Jan. 29. Small hopes … Continue reading
Posted in Architecture, Atlantic City, Boyd Gaming, Caesars Entertainment, Carl Icahn, Charity, Conventions, Cretins, Dining, Donald Trump, Economy, Entertainment, Health, Internet gambling, Iowa, Las Vegas Sands, Louisiana, Macau, Maryland, Massachusetts, Melco Resorts & Entertainment, MGM Resorts International, Penn National, Phil Ruffin, Politics, Sports betting, Station Casinos, Wall Street, Wynn Resorts
3 Comments
What ails Illinois?; Trump Plaza comes down
In a month that saw Ohio casino revenues grow 6% and Iowa almost 1% (to $119.5 million), Illinois casinos plummeted 27% to a measly $82 million. Even a sub-50% capacity restriction doesn’t begin to explain away the problem. Predictably, Rivers … Continue reading
Posted in Arizona, Atlantic City, Boyd Gaming, Caesars Entertainment, Carl Icahn, Churchill Downs, Dining, DraftKings, FanDuel, Full House Resorts, Illinois, Indiana, Internet gambling, Iowa, MGM Resorts International, Michigan, Penn National, Politics, Rush Street Gaming, Spectacle Entertainment, Sports betting, Twin River
1 Comment
MGM: Meet the new boss, same as the interim boss
After suffering the indignity of a “thorough national search” to find a possible replacement, interim MGM Resorts International CEO Bill Hornbuckle has been named to the position on a permanent basis. This should have been a no-brainer for MGM, especially … Continue reading
‘Net bets carry Atlantic City; Clubs face crisis
Internet casinos are in New Jersey to stay. They grossed $86 million last month, their highest amount ever. That’s 135% more than a year ago. Golden Nugget was tops with $29 million, followed by Resorts Digital ($18 million) and Borgata … Continue reading
Posted in Atlantic City, Caesars Entertainment, Carl Icahn, Downtown, DraftKings, Economy, Entertainment, Florida, Golden Nugget, Health, Horseracing, International, Internet gambling, Las Vegas Sands, LVCVA, MGM Resorts International, Mississippi, Morris Bailey, New Jersey, New York, Ohio, Resorts World LV, Seminole Tribe, Sports, Sports betting, Steve Wynn, Taxes, The Strip, Tourism, Transportation, Wynn Resorts
2 Comments
The Drew is through; Stevens’ green shoots
Would somebody please implode Fontainebleau already? It’s an eyesore, a civic embarrassment and a product for which demand does not exist. We perhaps should be saying “The Drew” but—per Scott Roeben‘s all-but-infallible VitalVegas, The Drew is in default, meaning that … Continue reading
Wynn sitting pretty; Trump Plaza damned, doomed
Wynn Resorts can sit out a Coronavirus crisis lasting 1.4 years. That’s how much cash ($3 billion) it’s sitting upon. First-quarter revenues took a 43% hit and are expected to come in somewhere in the $912 million-$969 million range. The … Continue reading
Poverty in the suites; Industry ramps up bailout pressure
Sheldon Adelson is worth $28 billion today. Which doesn’t sound so bad until you consider that he was worth $40 billion before the Wall Street crash. That’s the literal price of owning 432,000,000 shares of Las Vegas Sands. Not that … Continue reading
Posted in AGA, Caesars Entertainment, California, Carl Icahn, Charity, China, Donald Trump, Economy, Elaine Wynn, FanDuel, GLPI, Health, history, Horseracing, Illinois, Internet gambling, Las Vegas Sands, Macau, Melco Resorts & Entertainment, MGM Resorts International, Movies, New York, Phil Ruffin, Sheldon Adelson, Sports betting, Station Casinos, The Mob, Tribal, Unite-Here, Wall Street, Wynn Resorts
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Where do we go from here?
In the process of canceling its 2020 earnings guidance, Marriott International gave some oblique insight into how the casino industry is likely to cope with the Coronavirus quarantine. Occupancy, it said, had fallen to 25%, compared to 70% last year. … Continue reading
Posted in AGA, Alabama, Baseball, Boyd Gaming, Caesars Entertainment, Carl Icahn, Charity, Economy, Health, Illinois, Indiana, International, Internet gambling, Iowa, Las Vegas Sands, Macau, Melco Resorts & Entertainment, MGM Resorts International, Movies, Oregon, Penn National, Real Estate, Regulation, Sahara, Sheldon Adelson, Slot routes, South Korea, Sports, Sports betting, The Strip, Tribal, Wall Street, Wynn Resorts
1 Comment