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Links
Category
Are Dealers Really That Stupid Or That Unhappy?
Last week, the dealers at Caesars and Bally’s in Atlantic City voted to strike the two casinos for failing to reach an agreement with their union, the United Auto Workers (UAW). My first reaction was that they must be incredibly stupid to vote to strike in this economic environment. But then my second thought was […]
30 Years
I had a meeting with Dan Nita this week. Dan is the chief of the four Harrah’s properties in Atlantic City, and he mentioned that it was 30 years this week since Caesars opened. I was surprised but I guess I shouldn’t have been. After all, last year we did a complete story about the […]
Reverse Revenues
We became so used to increasing revenues in both Atlantic City and Nevada, it’s somewhat of a shock when the monthly figures are a disappointment. That is so true this week in both jurisdictions. One begins to wonder how we’re going to recover.
Atlantic city saw revenues fall by 11 percent in June, the biggest dip […]
Too Many Margaritas
The purchase of Trump Marina in Atlantic City by Coastal Marina LLC for $316 million, and its transformation into a Jimmy Buffet Margaritaville Hotel Casino, is being questioned for several reasons.
The difficult credit market would be the first hurdle to overcome. Established casino companies have had trouble coming up with financing for many projects, and […]
Pansy’s Potential
The investigation into the partnership of Pansy Ho and MGM Mirage has taken a strange turn in New Jersey.
Some background first. MGM Mirage was anxious to get into Macau several years ago after failing to win one of the coveted three concessions distributed by the Macau government in 2000. The company reached a deal with […]
