January 29, 2009
Are you going to eat tonight, or got the Casino? Answer. Eat. Revenue plunged at Arizona's 22 Indian casinos during the fourth quarter, as the worsening recession kept gamblers away from the tribes' gaming tables and slot machines. Based on fees paid to the state, the casinos' combined revenue was down 16 percent, marking the biggest quarterly drop since Arizona Indian gaming was legalized in 1993.
Read more at Revenue tumbles at Arizona casinos
January 23, 2009
Looks like Atlantic City's oldest casino hotel, Resorts Casino Hotel, now risks foreclosure, highlighting how New Jersey's flailing gambling industry.
On Thursday, Column Financial, a commercial lending subsidiary of Credit Suisse Group, filed a petition with the New Jersey Casino Control Commission seeking to begin foreclosure proceedings against the property, or take ownership of it. According to the petition, the casino hasn't paid its mortgage since October.
The state, which licenses and regulates casinos, must approve the lenders' efforts to foreclose on the property. State regulators will review the petition and put it on the agenda for a future meeting, said New Jersey Casino Control Commission spokesman Daniel Heneghan.
Read Resorts Atlantic City Faces Foreclosure Threat
January 15, 2009
Not only did he lose $120 million dollars, he also had a very specific list of demands at the hotels he stayed at when losing all that dough.
Fiji water, grouped in bottles of three. Golden raisins and warmed mixed nuts. Aramis cologne and badger hair shaving brush. Lint-free towels. Dom Perignon Rose champagne and Kurosawa Sake in the fridge. And never, under any circumstances, approach him from behind...
Siddiqui also was quite particular about his body. Hotel employees had a long shopping list at Saks Fifth Avenue, Nordstrom, Macy's, and, yes, Target and Wal-Mart, if need be, to purchase a Philips Norelco Bodygroom shaver with a fog-free shaving mirror, a Sonicare Elite 7500 Series toothbrush, Clinique facial scrub for men, knuckle Band-Aids, original ChapStick, Crest mint gel toothpaste with tartar protection and Trojan Magnum condoms..."Porn" had to be available in the bedroom...
Via Gizmodo and full read at Mercury News
January 9, 2009
MGM Mirage is cutting costs and cutting areas of the new City Center project. It will trim out a 400 room Harmon Hotel and Spa, and cancel 200 residential units it had planned to build in the same area. The changes will only save $200 million and not the $400 million originally stated. The companies said the rest of City Center -- which includes a 4,000-room hotel and casino, a Mandarin Oriental hotel, two condo towers, a condo-hotel and a retail complex -- will open as planned in late 2009.
Read MGM Mirage Limits Las Vegas Project
January 2, 2009
Since we're based in Boston we've been following the madness which is getting a Casino or three in Massachusetts. The current climate doesn't look good, but the latest developments are another shot across the bow of proposals for casinos this month. After that - expect another long - long - wait to get any more news. But - you never know and if you want to follow - Boston.com has a complete section of ongoing coverage collection for you to follow.
Casino gambling is on the table in Massachusetts. Governor Deval Patrick has proposed a plan to allow three casino resorts in the state following the federal recognition of the Mashpee Wampanoag tribe.
At Gambling in Massachusetts - Boston.com