David Mckee's Stiffs & Georges

Advertisement

Archives By Month




May 2008

April 2008

March 2008

February 2008

January 2008

STAFF BLOGGERS

Robin Camacho
Las Vegas Real Estate



David Matthews
Gambling in Space



David McKee
Stiffs & Georges



Jean Scott
Frugal Vegas



Recent Comments

"Cher" is a four-letter word ...
Deb said: We were at opening night of Cher, We enjoyed it as well as the rest of the people there the show reg...   [More]

This isn't my day
Jeff in OKC said: Business writing is usually very dry. Money isn't funny. McKee puts a different spin on stories, som...   [More]

This isn't my day
dave202 said: I think you should scrap every blog post since you seem to be out of touch with just about everyone....   [More]

Earth to NYT, Earth to NYT ...
David McKee said: Honestly, no. I don't think P&B merit big photo play in the NYT, especially given the brevity of...   [More]

Earth to NYT, Earth to NYT ...
Steve said: Come on, David. Own up. You were picking on the whole thing based on something minor you spotted abo...   [More]

Search

Subscribe

Enter your email address to subscribe to this blog.


TAGS

atlantic city boyd gaming columbia sussex current downtown election harrah's indiana international labor louisiana macau mgm mirage monte carlo fire pennsylvania pinnacle entertainment politics regulation sheldon adelson stanley ho steve wynn taxes the strip tribal

Hooters sagging

Posted At : April 3, 2008 11:29 AM | Posted By : D McKee
Related Categories: Pinnacle Entertainment,Downtown,The Strip,Charity,Atlantic City

Yes, they're drooping again at the mammary-themed hotel -- revenues, that is. The recession continues to hit the bargain-niche properties first and hardest. The interesting info is buried toward the end, as potential buyer Richard Bosworth (who's already put $3 million down, with $222 million to go) is shelling out another non-refundable half-million to keep its option alive for another month.

This is the same stalling pattern Christopher Milam fell into with the Wet 'n Wild property. If Bosworth is having trouble scaring up the purchase price (and does the Hooters-augmented San Remo look like that tempting of a credit risk?), it doesn't bode well for the promised $130 million redevelopment, either.

On a related note ... You can set your watch by it. The annual, obligatory Passion Parties story. It must be some journalistic hazing ritual.

Fix? In? Not here! Another scofflaw gets off lightly.

An implosion! Woo-hoo! All right, so it's only a casino garage and it's in Atlantic City. But it looks like that Pinnacle Entertainment project is still in "on" mode, Dan Lee's caveats notwithstanding. There's video, too.

Double or Nothing UNLV's David Schwartz reviews the apologia pro vita sua of former Golden Nugget co-owner Tom Breitling. Schwartz finds a great deal to like in the book, and is very generous and sympathetic in his appraisal. I'm not scheduled to weight in on Double or Nothing until the May 5 issue of City Life, but I feel safe in saying that your book dollars are far better invested in Christina Binkley's Winner Takes All. Breitling's book is a quick read, though, partly by dint of leaving out whole chunks of the story -- like a not-so-successful filmmaking venture with the Fertitta brothers, which goes completely unmentioned.

How much interest will there be in Double or Nothing? Hard to say. It's been over three years since he and Tim Poster sold the Nuggets, a timespan far longer than that of their brief ownership, and they never became major players in the industry (as opposed to the pages of Norm!). For a businessman as successful as Breitling, I'm surprised he'd get his product so tardily to market.

And now to end on a (rare, some would say) classy note ...

Honoring a legend. Former Silver Slipper owner Claudine Williams receives a "Philanthropist of the Year" award tonight. Congratulations to the grande dame of the gaming industry. Long may she flourish.

[Email Blogger]

Comments
waynes's Gravatar last year i went to hooters and did not like it at all.

I went two weeks ago expecting the same feeling,
but i had some wings in the bar/restaurant and then
played craps for about an hour. people were having
a good time. the place is really small compared to
just about every place else. i think if you know what
you will get here it's okay.
# Posted By waynes | 4/3/08 8:35 PM
Dan's Gravatar Umm, did you see Friess' take-apart of that Winner Takes All disaster in the Weekly? Still high on it? It's scary.
# Posted By Dan | 4/8/08 4:39 PM
David McKee's Gravatar Eh, if memory serves, Friess found some ticky-tack goofs (like the "Gans/Ganz" discrepancy) and made a federal case of them. Steve Wynn is Friess' bread-and-butter guest on "The Strip Podcast"; Wynn has made his displeasure with "Winner Takes All" known and ... you do the math.

"Double or Nothing" -- now *there's* a disaster. "Sharks in the Desert" was pretty half-baked, too.
# Posted By David McKee | 4/8/08 5:06 PM
Dan's Gravatar this is really an uncalled for remark. you might want to look at steve's response on his own blog.
# Posted By Dan | 4/9/08 10:17 AM
David McKee's Gravatar You asked if I was "still high" on "Winner Takes All" in light of the Friess review. If you don't want my opinion, don't ask.
# Posted By David McKee | 4/9/08 10:54 AM
Dan Kane's Gravatar sure, but you didn't have to question steve's ethics just because you disagree with him. i think that's what he's saying oer at his blog. but it looks liek you two are playing nice, so i'll butt out.
# Posted By Dan Kane | 4/9/08 1:11 PM
David McKee's Gravatar Yes, I did and I was wrong, Dan. Watch this space.
# Posted By David McKee | 4/9/08 1:20 PM