Economy

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

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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 [...]

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

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Sand Bethlehem #1 in PA

by Marc September 28, 2011
Sands PA Small

While Stiffs and Georges often points out that Sands Bethlehem isn’t doing great business for Las Vegas Sands corporation, the casino is now the #1 revenue producing casino in Pennsylvania. Last month Sands was the leading revenue-generating casino, while Parx fell to #2. Parx’s 172 tables brought in $9,674,727 in revenues last month, down from just [...]

Tagged as: Atlantic City, Casino, Economy, Las Vegas Sands, New Jersey, Parx, Pennsylvania, Sands

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Caesars Entertainment Customers Spending Much Less

by Marc September 12, 2011
Gary Loveman NBR Small

Gary Loveman of Caesars Entertainment was on Nightly Business Report on PBS recently to talk business. Nothing he said was too surprising, but he did have a couple of interesting nuggets including; “…we need more visitors and more visitors spending more money.” “…we have the same amount of visitors, but they’re spending much less.” The [...]

Tagged as: Barack Obama, Caesars Entertainment, Economy, Gary Loveman, Las Vegas, Nightly Business Report, PBS, Steve Wynn, The Linq, Wynn

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Other Losers from The NFL & NBA Lockouts

by Denver Gambler July 12, 2011
Tropicana Las Vegas Sportsbook Small

With the NBA and NFL both in lockouts, a unique sports autumn is upon us.  Yes, I know that it looks like the NFL will resolve its labor situation sooner rather than later, but let’s not count our chickens before they hatch.  Sure the lockouts affect players, owners, arenas, and fans, but what about companies [...]

Tagged as: Bally's, Economy, Las Vegas, Lockout, NBA, NFL, Paris, Sports Gaming

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Week In Review

by Marc July 10, 2011
Oscar Goodman Small

It was a big week as ECG transitioned to AC2LV.  The site isn’t totally done, but I’m getting there.  My development time has been looking at another new site, which I hope to announce shortly.  I’m pretty stoked that the transition went smoothly and ready to move forward with things for all of the sites.  [...]

Tagged as: AC2LV, Atlantic City, Ballys, Bikini, Blog, Business, Casino, Craps, Dress, Economy, Field of Dreams, Frank Sinatra, Golden Nugget, Government, Holly Madison, Las Vegas, Massage, Movie, Oscar Goodman, Pickles, Poker, Sinatra, Sports Gaming, Sportsbook, Steel Pier, Strategy, Trump, WSOP

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Steel Pier Fire Sale!

by Marc July 8, 2011
Steel Pier Atlantic City Small

Last week Trump Entertainment Group announced that they were selling Steel Pier across the boardwalk from it’s Taj Mahal property.  If you have $2.5 million laying around you can own the pile of rotting wood over the ocean! “That even confuses me more — $2.5 million isn’t going to do a whole lot of good [...]

Tagged as: Atlantic City, Economy, History, Sale, Steel Pier, Taj Mahal, Trump

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Hilton Out…Sahara In?

by Marc June 30, 2011
Sahara Las Vegas Closed Small

Colony Resorts (part of Colony Capital) announced yesterday that they’re ending their relationship with Hilton at the end of the year and that Las Vegas Hilton would be no longer and that a new brand partnership announcement would be announced before next year.  While looking for other brand partners for Colony Resorts, I can across [...]

Tagged as: Colony Capital, Economy, Hilton, Las Vegas, Sahara, SBE, Station Casinos

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George Maloof: Chairman of the Board of the Palms

by Marc June 27, 2011
palms hotel las vegas small

Good thing Matt Goss isn’t at Palms any longer or George Maloof may not be able to tell people that he’s the Chairman of the board a la Frank Sinatra.  George Maloof sheds (spins?) a little more information about TGP Partners owning 98% of the Palms in a Vegas Inc. interview today. What about all [...]

Tagged as: Caesars, Corporate, Economy, Frank Sinatra, George Maloof, Matt Goss, Palms, TGP Partners

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Roundup Sahara!

by Marc May 10, 2011
Las Vegas Neon Boneyard

Some people are sad with the closing of the Sahara because of good memories they have from the joint over the years.  I’m not one of those people.  It was always out of my way and I never had a reason to go there.  I’m not much of a tourist, and while I can be [...]

Tagged as: Closing, Economy, Las Vegas, MGM, Neon Bone Yard, Rat Pack, Roller Coaster, Sahara, SBE, Travel

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