Trump Plaza History

This has been up for a while, but I haven’t linked it yet and, with the news that Donald Trump and Carl Icahn are dueling over Trump casino empire, it’s relatively timely: my piece on the early history of Trump Plaza in Casino Connection:

Trump was leery of the Casino Control Commission. It had forced Caesars World’s founders Clifford and Stuart Perlman to step down before giving Caesars Boardwalk Regency a license. It had denied a license to Hilton after the company had already built its casino. And it caused so many problems for Hugh Hefner that the Playboy founder torpedoed the Atlantis casino.

Trump refused to turn so much as a shovel of dirt until commissioners voted yea or nay on his license. In March 1982, he got his wish—and his license—in hearings that lasted two hours (by contrast, hearings for the Atlantis dragged out for two months).

via Plaza Suite: History of Trump Plaza | Plaza Suite: History of Trump Plaza | Casino Connection Atlantic City.

I quoted that bit because it seems relevant, with MGM Mirage leaving AC over regulatory issues.

Giving the little guy a chance on the Strip

It’s Thursday, which means another edition of the Green Felt Journal in Vegas Seven magazine. This week, as whether the “little guy” still has a chance on the Strip:P

Last year at around this time, “deconsolidation” was the buzzword along the Strip. MGM Mirage had just announced its sale of Treasure Island to Phil Ruffin, formerly of the New Frontier. Investment bankers and industry analysts announced that, just as the previous 10 years had seen Strip casinos swept into progressively larger corporate empires, the next era would see them splinter into smaller fiefdoms fortified by hedge-fund and private equity investment.A year later, it’s now clear that the pundits couldn’t have been more wrong. Rumors of an MGM Mirage fire sale proved immature. Harrah’s Entertainment has actually added a casino to its portfolio, having taken over the management of Planet Hollywood after acquiring a substantial stake via debt purchases.

via Does the little guy still have a shot on the Strip? | Vegas Seven.

As I promised before, this column also has my first overt Star Trek reference.

Also, only in Vegas would a multi-million dollar company with thousands of employees be considered “the little guy.”

Some other highlights from the issue:
- Nicole Lucht talks to Tony Marnell about the M Resort’s first year
–Mericia Gonzalez looks into the future of Vegas nightclubs
–Jeff Haney, formerly of the Sun, writes about HORSE at Aria. He’s a great poker writer, and hopefully this is the first of a regular series of column.
–and if you didn’t catch it last week, check out Jessica Prois’s talk about statistics with author Jeffery Rosenthal (Struck by Lightning: The Curious World of Probabilities)

Tons of other great reading in there–these are just the ones that have the biggest gambling/Strip connection.