David Mckee's Stiffs & Georges

Recent Entries

No recent entries.

Advertisement

Archives By Month




October 2009

September 2009

August 2009

July 2009

June 2009

May 2009

April 2009

March 2009

February 2009

January 2009

December 2008

November 2008

October 2008

September 2008

August 2008

July 2008

June 2008

May 2008

April 2008

March 2008

February 2008

January 2008

STAFF BLOGGERS

Robin Camacho
Las Vegas Real Estate



David McKee
Stiffs & Georges



Jean Scott
Frugal Vegas



Archives By Subject

ABBA (4) [RSS]


Alaska (7) [RSS]


Alex Yemenidjian (29) [RSS]


Ameristar (39) [RSS]


Animals (26) [RSS]


Architecture (48) [RSS]


Archon Corp. (1) [RSS]


Aristocrat (4) [RSS]


Arizona (2) [RSS]


Atlantic City (231) [RSS]


Australia (14) [RSS]


Bally Technologies (4) [RSS]


Baseball (17) [RSS]


Boulder Strip (35) [RSS]


Boyd Gaming (121) [RSS]


California (30) [RSS]


Cannery Casino Resorts (29) [RSS]


Carl Icahn (19) [RSS]


Charity (12) [RSS]


Cirque du Soleil (28) [RSS]


CityCenter (21) [RSS]


Cloverfield monster (5) [RSS]


Colony Capital (57) [RSS]


Colorado (18) [RSS]


Columbia Sussex (170) [RSS]


Cordish Co. (9) [RSS]


Cosmopolitan (19) [RSS]


Current (370) [RSS]


Detroit (46) [RSS]


Dining (39) [RSS]


Don Barden (24) [RSS]


Donald Trump (73) [RSS]


Downtown (113) [RSS]


Economy (309) [RSS]


Election (151) [RSS]


Encore (29) [RSS]


Entertainment (185) [RSS]


Environment (14) [RSS]


Florida (26) [RSS]


Fontainebleau (51) [RSS]


G2E (25) [RSS]


Gary Goett (7) [RSS]


Genting (6) [RSS]


George Maloof (15) [RSS]


Golden Gaming (4) [RSS]


Goldman Sachs (9) [RSS]


Harrah's (372) [RSS]


Harry Reid (13) [RSS]


Herbst Gaming (31) [RSS]


Holy Cow (1) [RSS]


Horseracing (32) [RSS]


IGT (18) [RSS]


Illinois (46) [RSS]


Indiana (46) [RSS]


International (149) [RSS]


Internet gambling (33) [RSS]


Iowa (8) [RSS]


Isle of Capri (44) [RSS]


Jack Binion (3) [RSS]


James Packer (67) [RSS]


Kansas (56) [RSS]


Kentucky (16) [RSS]


Labor (86) [RSS]


Lake Las Vegas (7) [RSS]


Lake Tahoe (13) [RSS]


Laughlin (17) [RSS]


Lawrence Ho (21) [RSS]


Louisiana (38) [RSS]


LVCVA (28) [RSS]


M Resort (17) [RSS]


Macau (172) [RSS]


Marketing (88) [RSS]


Maryland (8) [RSS]


Massachusetts (11) [RSS]


Melco Crown Entertainment (29) [RSS]


Mesquite (10) [RSS]


MGM Mirage (399) [RSS]


Michael Gaughan (10) [RSS]


Minnesota (4) [RSS]


Mississippi (34) [RSS]


Missouri (20) [RSS]


Monte Carlo fire (20) [RSS]


Morgans Hotel Group (32) [RSS]


Movies (57) [RSS]


Neil Bluhm (18) [RSS]


New York (9) [RSS]


North Las Vegas (3) [RSS]


Ohio (13) [RSS]


Oklahoma (3) [RSS]


Oscar Goodman (16) [RSS]


Pansy Ho (1) [RSS]


Penn National (95) [RSS]


Pennsylvania (102) [RSS]


Pets (21) [RSS]


Phil Ruffin (30) [RSS]


Pinnacle Entertainment (60) [RSS]


Planet Hollywood (58) [RSS]


Plaza (5) [RSS]


Politics (215) [RSS]


Problem gambling (15) [RSS]


Racinos (5) [RSS]


Regulation (190) [RSS]


Reno (12) [RSS]


Riviera (36) [RSS]


Sahara (11) [RSS]


Sheldon Adelson (268) [RSS]


Shuffle Master (5) [RSS]


Silverton (2) [RSS]


Singapore (30) [RSS]


Slot routes (5) [RSS]


South Carolina (2) [RSS]


Sports (26) [RSS]


Stanley Ho (64) [RSS]


Station Casinos (142) [RSS]


Steve Wynn (183) [RSS]


Tamares Group (23) [RSS]


Taxes (86) [RSS]


Technology (79) [RSS]


Texas (9) [RSS]


The Mob (9) [RSS]


The Strip (543) [RSS]


Tilman Fertitta (17) [RSS]


Tourism (37) [RSS]


Transportation (21) [RSS]


Tribal (103) [RSS]


Tropicana Entertainment (90) [RSS]


TV (111) [RSS]


Wall Street (241) [RSS]


WMS Industries (5) [RSS]


World Series of Poker (6) [RSS]


Recent Comments

Illinois: No country for big casinos
JohnTerez said: What your name? , <a href="http://pdabooks.org/membe... noir wine&l...   [More]

Nevada: The Stupid State
PortoM0n said: Don't go far away. , <a href="http://cool-wallpapers.ev... cool wall...   [More]

They burned the Monte Carlo ... and may get away with it
JohnTerez said: Try see it. , <a href="http://smart.fm/lists/152... glass supplies</a>...   [More]

Nevada: The Stupid State
PortoM0n said: Hi brothers and sisters! , <a href="http://boxesandarrows.com......   [More]

They burned the Monte Carlo ... and may get away with it
SoloJ3ss said: Great... , <a href="http://boxesandarrows.com... to make deer a...   [More]

Search

Subscribe

Enter your email address to subscribe to this blog.


TAGS

alex yemenidjian ameristar animals architecture atlantic city australia baseball boulder strip boyd gaming california cannery casino resorts carl icahn charity cirque du soleil citycenter colony capital colorado columbia sussex cosmopolitan current detroit dining don barden donald trump downtown economy election encore entertainment environment florida fontainebleau g2e george maloof harrah's harry reid herbst gaming horseracing igt illinois indiana international internet gambling isle of capri james packer kansas kentucky labor lake tahoe laughlin lawrence ho louisiana lvcva m resort macau marketing massachusetts melco crown entertainment mesquite mgm mirage michael gaughan mississippi missouri monte carlo fire morgans hotel group movies neil bluhm ohio oscar goodman penn national pennsylvania pets phil ruffin pinnacle entertainment planet hollywood politics problem gambling regulation reno riviera sahara sheldon adelson singapore sports stanley ho station casinos steve wynn tamares group taxes technology the strip tilman fertitta tourism transportation tribal tropicana entertainment tv wall street

Harrah's waffling on Kansas?

Posted At : November 14, 2008 03:41 PM | Posted By : D McKee
Related Categories: Gary Goett,Penn National,MGM Mirage,Harrah's,Kansas,Sheldon Adelson

Kansas casino applicants have been dropping like flies and now the buzzards are starting to circle Harrah's Entertainment's $535 million Sumner County project. (Harrah's has already been warned once by the Kansas Lottery that it had better make good on its proposal, in full.) All Harrah's would tell AP is that it doesn't comment on rumors, which is less than a ringing reiteration of its commitment to the Sunflower State.

The folks in Topeka, though, weren't sounding any too confident, uttering things like, "I consider it a possibility, but I haven't heard anything definite." Or "We haven't gotten official notification of anything yet. I know there have been some conversations." Or perhaps the oh-so-reassuring, "When I've checked on the rumors, they have assured us that is not the case, at least not at this time ... but you never know about the future."

There are a couple of observations to be made here. One, which almost goes without saying, is that had Harrah's CEO Gary Loveman not gone a-courtin' to Texas Pacific Group and Apollo Management, we'd probably be talking this moment about a profitable company, not one that lost $130 million over the summer. It has until Jan. 21 to decide which it needs more: The Kansas market or its $25 million soon-to-be-nonrefundable deposit. If it opts to take the money and split, Harrah's will be doubly the loser, having opted out early from a tribal casino-management contract in Kansas in order to take a run at one of the Lottery's concessions instead.

The other thought is that Kansas' four-casino initiative is unraveling in dismaying fashion. Whatever stomach Las Vegas had for managing state-owned casinos in the heartland has been all but lost, especially given the high cost of entry. MGM Mirage, Las Vegas Sands, Pinnacle Entertainment and Olympia Gaming all bailed out late in the audition process.

As for Penn National, not only did it walk away from its Cherokee County concession, no one has stepped forward to replace it. What if they offered a casino license and nobody came? We're about to find out.

(Considering that Penn wanted a parlay of Sumner and Cherokee counties, if Harrah's falters then the Lottery could do worse than swallow its pride and have Penn CEO Peter Carlino on speed-dial.)

That leaves two concessionaires -- Butler National Service Corp. and Cordish Co. -- neither of whom is prominently associated with the casino industry. (In Butler's case, that translates as "completely inexperienced.") It's an inauspcious scenario and, faced with such a mess, Gov. Kathleen Sebelius may find the siren song of Washington, D.C., more appealing with each passing moment.

Comments (Comment Moderation is enabled. Your comment will not appear until approved.)