One of the revelations from yesterday’s 3Q results announcement was that MGM has received an offer of about $250 million for the 50% share of the Borgata that the company is obliged to sell thanks to the Pansy Ho/Casino Control Commission imbroglio. The bigger isn’t named, but since it is mentioned that Boyd has the […]
Who’s the mystery bidder on .5(Borgata)? Read More »
atlantic city, news about gamblingMy piece in the Las Vegas Business Press about the beginning of the end in Atlantic City is out: Historians have taken the date 476 A.D. and the deposition of Romulus Augustus, the last Roman emperor, as the “official” date of the fall of the Roman Empire, even though at the time most Western Europeans
Fall of the Boardwalk Empire? Read More »
atlantic city, news about gamblingChecking the headlines in the AC Press as of 2PM Pacific time, I couldn’t find a word about the seemingly-momentous decision of MGM Mirage to sell its stake in Borgata. This is curious, since you would think that having one of the biggest casino companies in the world, which at one point had billions of
AC to “get its act together” Read More »
atlantic city, news about gamblingAccording to a WSJ report, MGM Mirage has decided to sell its interest in the Borgata and presumably close the door on any future developments in Atlantic City: For years, New Jersey regulators have raised concerns about the suitability of casino company MGM Mirage's business partner in China. Now, MGM Mirage has an answer: cash
Other shoe about to drop in AC? Read More »
atlantic city, news about gamblingAlmost 20 years to the day that Stanley Fujitake made gambling history at the California in downtown Las Vegas, a woman in Atlantic City has taken his crown as the longest craps roller ever. From the AC Press: A Morris County woman gave a whole new meaning to the expression “being on a roll,” as
Woman with the golden arm Read More »
atlantic city, news about gamblingSo how’s the Tropicana in Atlantic City doing these days? I got curious enough today to check out the vox populi of tripadvisor.com. There are reviews for July up, so this reflects the property well after the Columbia Sussex retreat. And most of the people are happy, though the ones who aren’t have some horror
I grabbed this yesterday and saved it to post this morning. In the meantime, I got scooped by Chuckmonster and KLAS. But here’s the original story, from the AP: Yes, Michael Wax stunk. Hes the first to admit it. The 440-pound Brooklyn man said he was playing poker in an Atlantic City casino for 17
86ed for smelling bad Read More »
atlantic cityA couple has plead guilty to stealing a million bucks–then blowing it on slots in Atlantic City. From Newsday: A couple has admitted that they went on a million-dollar Atlantic City gambling spree with money the woman had stolen from her employer. New Jersey prosecutors say Jamine Alabre faces about six years in state prison,
And the phones? What kind of office is this? Ah, it’s OK. Shelly Levine just closed a big deal. None of that will make anything approaching sense if you’ve never seen Glengary Glen Ross, but trust me, it does. All of this is my lead-in to what is surely the casino caper of the decade:
They took the leads? Read More »
atlantic city, news about gamblingIf you thought ultra-luxe casino spas were confined to the Las Vegas Strip, you once might have been right. But two Atlantic City resorts are opening lavish spas in what may be the opening salvos of (dare I say it) Spa Wars. From the AC Press: For sheer magnificence, it may fall short of the
I know that I write frequently about Roll the Bones, my forthcoming book with Gotham, and I’m always referencing