Archive for June 3rd, 2008

NOT building a casino in Las Vegas, genius or folly?

Ok, ok I know I’ve done a few posts on Trump casinos (or in this case lack thereof), but the man is a legend! But I digress…

Earlier on I was reading the online version of the Mercury News (I basically read newspapers from all over the world all day) and came across an article about the new Trump hotel in Las Vegas. Nothing strange there you might think, but please note that I said hotel, not casino, not hotel and casino, but hotel. The reason… Simple really, because the hotel does not HAVE a casino!

I know, I know, it sounds crazy to spend $1 billion on an amazing piece of Vegas real-estate surrounded by the Wynn and the Palazzo casinos and not even build your own casino, but Mr Trump has done it and done it in style!

But is it a clever move? Unfortunately only time will tell, but if Mr Trump has read the market correctly (and let’s face it he normally does) then this little bit of Manhattan glitz might just be the sanctuary some people need from the hustle and bustle that is Vegas. Hell, even if it doesn’t work, I for one must give “the man” kudos for trying something different in Vegas. It’s about time somebody shook things up (to quote another Vegas legend).

Cheers for now

Justin

Archive for June 2nd, 2008

Trump Marina casino finds a buyer.

It seems that property mogul, casino entrepreneur and reality TV star Donald Trump has found a buyer for the ailing Trump Marina casino.

The Associated Press reports that Coastal Marina LLC, an affiliate of Coastal Development LLC, will be buying the property and it will be rebranded under the Jimmy Buffet brand “Margaritaville”. This means that Coastal Marina will now be getting a second casino property as chairman, Richard T. Fields, is the co-developer of the Seminole Hard Rock Hotel and Casino in Florida.

Well, well, well! I think this bodes well for the marina property that in recent years has taken a hammering from market leaders the Borgata Hotel Casino and Spar and Harrah’s Atlantic City casino. I also think the “Margaritaville” branding (taken from a Jimmy Buffet song) will bring a breath of fresh air to the Atlantic City casino area.

Cheers for now!

Justin

PS: Apologies about the lack of posts over the last few days, but I’ve been ill.

Archive for May 9th, 2008

Donald Trump still wants to sell his casinos.

According to an article in USA Today the 3 casinos owned by Trump Entertainment Resorts are still up for sale. Chief Executive Officer Mark Juliano is also quoted as saying that the casino and gambling company are “looking at strategic alternatives” and would “sell if a good deal materialises”. This is after two potential deals to buy all or part of the company fell through last year.

Now why would you do that now Mr Trump? Smoking ban? Economic downturn? Or is it true what I’ve been hearing in certain circles that online casinos are starting to take major revenue away from land based casinos due to rising fuel prices and travelling costs? Come on Mr Trump, stay with us for the long haul! Your casinos are some of the best in the world and things will change. Hell, even if they don’t you’re more than welcome to come and join us here at JackpotCity.com online casino. We’d be more than glad to have you.

Hope you all have a great weekend people, I’ll be seeing you in the software…

Justin