Economy

Caesars Entertainment Finally (?) Going Public

The Linq

by Marc on February 2, 2012

in Caesars

Today Caesars Entertainment set it’s IPO price range in an effort to go public to raise funds. NEW YORK (MarketWatch) — Casino operator Caesars Entertainment Corp. on Thursday said it plans to offer 1.8 million shares at an estimated price range of $8 to $10 a share in its upcoming initial public offering. Based on [...]

Tagged as: Caesars, Casino, Corporate, Economy, Harrah's, IPO, Las Vegas

{ 0 comments }

Miami Casinos > New York City Casinos

resorts world miami

by Marc on January 16, 2012

in Florida,New York,Resorts World

It seems as if every major city in America is going to have casinos in a couple of years. Last year, Genting opened Resorts World in New York City to a gangbuster reception. As happy as Genting may be with Resorts World New York but financially it’s nothing compared to what they are expecting when [...]

Tagged as: Asia, Casino, CityCenter, Dubai, Economy, Las Vegas, Miami, New York, New York City, Resorts World

{ 1 comment }

What Are People Spending Money On In Las Vegas?

by Marc January 11, 2012
Las Vegas Sign

Q: What are people spending their money on in Vegas? A: Not what they used to spend it on. Over the past year people (including me) have questioned the Cosmopolitan of Las Vegas‘ focus on everything but gambling, but the truth is they may be on to something as gambling made up the smallest piece [...]

Tagged as: Cosmopolitan, Economy, Las Vegas, Marketing, Red Foo, Spending

Read the full article →

Massachusetts Casinos To Take $100 Million From Connecticut

by Marc January 5, 2012
Foxwoods Casino Small

With Massachusetts legalizing gambling the natural instinct is that the Connecticut casinos would be the most impacted casino market in the east. Well it looks as if Mohegan Sun and Foxwoods will lose almost $100 million when the casinos in Massachusetts open in a few years. The General Assembly’s Office of Fiscal Analysis estimates we will lose nearly [...]

Tagged as: Casino, Connecticut, Economy, Foxwoods, Massachusetts, Mohegan Sun

Read the full article →

Las Vegas…You’re A Has-Been

by Marc December 29, 2011
Las Vegas Sign Small

I love Vegas and you love Vegas, but does Wall-Street love Vegas? Maybe they don’t love Las Vegas. In a year-end review of MGM Resorts International’s stock price, The Motley Fool said that MGM’s poor performance was, in part, due to Las Vegas being a has-been gaming market. The first problem MGM faces is that it’s largely [...]

Tagged as: Boston, Casino, Economy, Gaming, Las Vegas, Las Vegas Sands, MGM Resorts, Miami, New York, Wynn

Read the full article →

Atlantic City Casinos Spend 40% of Winnings on Comps

by Marc November 16, 2011
Resorts Cocktail Waitress Small

It didn’t feel like the Atlantic City casinos were spending so much on comps when I was a regular there, but maybe they were spending 40% of their revenues on comps as the Atlantic City Press reports. It seems as if casinos are making their comp investments even more than just the 40% average. In [...]

Tagged as: Atlantic City, Comps, Economy, Marketing, Resorts, Revenue, Taj Mahal, Trump

Read the full article →

Golden Nugget Proving Lipstick On A Pig Doesn’t Always Work

by Marc November 15, 2011
golden nugget small

Who said that Golden Nugget was getting a sweet deal when they purchased Trump Marina? Every month they’ve been open has been worse than before. In fact, the Golden Nugget is the worst performing casino in Atlantic City right now. For those who might say that Resorts had nowhere to go but up, look at [...]

Tagged as: Atlantic City, Economy, Golden Nugget, Marina, Trump

Read the full article →

Week In Review

by Marc October 23, 2011
Revel Atlantic City Small

Awesome comments on AC2LV this week. Love the interaction between everyone here. Thanks for being involved. It’s pretty great to see. Yesterday I stopped at the Vegas Internet Mafia Family Picnic put on by the fine folks at rate vegas and vegas tripping. It’s great to see the community each of those websites has and [...]

Tagged as: Angel, Atlantic City, Caesars, Casino, Chicago, Economy, Fantasy Football, Football, Harrah's, Las Vegas, Leroys, Mandalay Bay, Marketing, NFL, Parking, PetStay, Revel, Rio, Sports Gaming, Venetian

Read the full article →

Stratosphere or Hilton…Who Would You Kill?

by Marc October 18, 2011
Stratosphere Small

I was reading this article about Goldman Sachs denying that they’re foreclosing on the Las Vegas Hilton in order to keep the Stratosphere alive and I got to thinking which of these casinos would I rather see go away. The Hilton “speculates that Goldman Sachs Mortgage Co. may have orchestrated events to favor its interests in the [...]

Tagged as: Casino, Economy, Goldman Sachs, Hilton, Las Vegas, Stratosphere

Read the full article →

Chelsea Hotel in Atlantic City Closing Midweek Until Summer

by Marc October 4, 2011
Chelsea Atlantic City Small

The Chelsea Hotel in Atlantic City is only going to operate its rooms on weekends this winter instead of discounting rates. Beginning immediately rooms, restaurants, bars, etc. are only available Thursday night through Sunday night. While there is no way this is a good thing, it’s probably not a dumb thing. Curtis Bashaw, the Chelsea’s [...]

Related Posts Plugin for WordPress, Blogger...

Tagged as: Atlantic City, Chelsea, Chelsea Prime, Economy, Hotel, Steak

Read the full article →

← Previous Entries