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- Atlantic City rebounds; Sibella dumped; NFL suspicions
- MGM limping back; Atlantic City follies; Wall Street Jottings
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- David McKee on You can’t fix stupid; Good-bad news on the bayou
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- Ray Lebowski on Sibella scandal spreads; Supremes forestall Seminoles
- David McKee on Sibella scandal spreads; Supremes forestall Seminoles
- Ray Lebowski on Sibella scandal spreads; Supremes forestall Seminoles
- David McKee on MGM crippled; Illinois & Indiana report; Bally’s shaky in Chi
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Author Archives: David McKee
Shocker: Hard Rock Rocksino sold; New top man at SLS
Despite being the dominant racino operator — hell, gaming operator — in Ohio, it seems that Hard Rock International is throwing in the towel. It’s selling Hard Rock Rocksino to MGM Growth Properties. Early Wall Street speculation is that we’re … Continue reading
Posted in ACEP, Affinity Gaming, Alex Meruelo, Boyd Gaming, Colorado, Economy, Eldorado Resorts, Florida, GLPI, Golden Gaming, Hard Rock International, Harrah's, Illinois, Isle of Capri, MGM Mirage, Neil Bluhm, Ohio, Penn National, Pennsylvania, Pinnacle Entertainment, Reno, SLS Las Vegas, The Strip, Wall Street
3 Comments
Happy birthday, Ellis Island; SLS in, Sahara out for now
Congratulations are in order to Ellis Island Hotel Casino & Brewery (not in that order of priority) on 50 years in business. What started as two menu items has grown into a beloved locals hangout whose karaoke nights are the … Continue reading
Posted in Alex Meruelo, Architecture, Atlantic City, Dining, Economy, Ellis Island, Greenwood Racing, Pennsylvania, Revel, Sam Nazarian, Sheldon Adelson, SLS Las Vegas, Taxes, Tribal
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Florida dithers; MGM catches a wave
Having once more proven itself constitutionally incapable (pun intended) of passing gaming legislation during the normal course of doing business, the Florida Lege is now talking ‘special session,’ which seems like what it would take to get anything done, if … Continue reading
Posted in Atlantic City, DFS, Economy, Florida, Internet gambling, Japan, Macau, Massachusetts, MGM Mirage, Mississippi, Politics, Racinos, Regulation, Seminole Tribe, Sexual misconduct, Sports, Steve Wynn
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Harrah’s wins in Big Easy; Could Wynn Resorts beat Boston rap?
Harrah’s New Orleans is a step away from a major makeover, now that the Louisiana House of Representatives cast a veto-proof vote in favor of a 30-year license extension, a new hotel tower and an expansion of the hotel-casino’s amenities. … Continue reading
Posted in Arkansas, Cretins, DFS, Dining, Elaine Wynn, Election, Harrah's, Horseracing, Internet gambling, Louisiana, Maine, Massachusetts, Penn National, Politics, Regulation, Sexual misconduct, Sports, Steve Wynn, Taxes, Wall Street, Wynn Resorts
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Hard Rock out, Virgin in; Something of value
Sir Richard Branson hasn’t taken the door keys to the Hard Rock Hotel & Casino yet but he’s already got a lot of fans in the Culinary Union. According to a Culinary press release, both Virgin Hotels and outgoing owner … Continue reading
Posted in Culinary Union, Hard Rock Hotel, Internet gambling, New York, Taxes
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Quote of the Day
“Candidly, there’s no better example of how not to please a customer than how MGM and Caesars handle their slot departments. It’s not that we’ve gone through a change; it’s that the rest of the world has changed and we have … Continue reading
Posted in Harrah's, MGM Mirage
1 Comment
Wynn: The cancer spreads
Executives at Wynn Resorts must have thought they’d outmaneuvered all the regulatory torpedoes headed their way. Steve Wynn had been banished, his stock sold, two board members were on the way out. Then the Wall Street Journal launched a new … Continue reading
Posted in Elaine Wynn, Massachusetts, Regulation, Sexual misconduct, Steve Wynn, The Strip, Wynn Resorts
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Las Vegas: Whales to the rescue
Las Vegas Strip gaming revenues far overshot projections for last month, finishing 11.5% higher, grossing $603.5 million. This is in large part due to baccarat revenues, a cosmic 82.5% higher on a staggering 59% increase in wagering, “likely reflecting some … Continue reading
Posted in Boulder Strip, Boyd Gaming, California, Culinary Union, Downtown, Economy, Genting, Lake Las Vegas, Lake Tahoe, Mesquite, New York, North Las Vegas, Reno, Station Casinos, The Strip, Tribal, Wall Street
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Quote of the Day
“The state seems to have this Faustian bargain with the card rooms—if you provide jobs and taxes, we will not fund an appropriate regulatory environment, and you can open up a great many additional sources of revenue. I always was … Continue reading
Posted in California, Regulation
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Trump takes with one hand, gives with other
The Trump administration has lent a new meaning to ‘Indian giver,’ seizing $10 million held in escrow by the Pojoaque Pueblo while the latter tries to negotiate a new compact with New Mexico. The Pojoaque Pueblo had been operating without a … Continue reading
Quo vadis, Steve?; Dan Gilbert’s new twist
Gaming Industry Daily Report Editor Alan Woinski has some interesting speculations about Steve Wynn‘s future and his big stock cash-out. “He will need the money considering he never received a golden parachute when he stepped down. He could have a lot … Continue reading
Feds scrutinize Pinnacle sale; Diamond Jacks gets prominent supporter
As the big continue to get bigger, Penn National Gaming is two steps closer to becoming a 20-state, 41-casino mammoth. West Virginia and Pennsylvania‘s regulatory bodies have signed off on its absorption of Pinnacle Entertainment. Penn, however, is not counting … Continue reading
Quote of the Day
“I was at a low point in my personal life. She was kind, exciting and fun. Mariah is a woman of substance. But it was a mistake for her and a mistake for me.” — James Packer on ex-fiancée Mariah Carey, who collected … Continue reading
Posted in James Packer
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Steve Wynn has left the building; Packer out, too
Wynn Resorts now has 100% less Steve Wynn now that the mogul has sold his entire stake in the company. At first blush this looks like a passive-aggressive lashing out at a firm that is now moving forward. However, Wynn … Continue reading
Betrayal
Mohegan Sun and Foxwoods Resort Casino need to watch their backs. A bill to reopen the state’s casino-award process has made it to the floor of the Connecticut House. The word of the state, it seems, is not worth the … Continue reading
Posted in Derek Stevens, Downtown, Entertainment, Foxwoods, Harrah's, history, MGM Mirage, Mohegan Sun, Politics, Sports, The Strip, Tilman Fertitta
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Quote of the Day
“It was like, ‘Wow, you’re going to build a bingo hall in a field outside of Worley?’ It was a wetland. There were ducks floating around. It seemed pretty silly at the time.” — Public Affairs & Cultural Tourism Director Laura Stensgar … Continue reading
Fertitta conquers Lake Charles; Parking fees rise again
Gambling revenue in Louisiana was flat last month, but the bottom-line number doesn’t tell the whole story. For instance, Lake Charles was up 8.5% and trouble-plagued Baton Rouge was 10.5% down. In the former market, Golden Nugget vaulted 21%, to … Continue reading
Steve, Elaine kiss, make up; Sooner State tribes to get tables
So Steve Wynn‘s downfall wasn’t the product of a massive, Elaine Wynn-led, female conspiracy after all? The mogul and his ex-wife have agreed to terms on their Wynn Resorts stock holdings. They have consented not to contest stock sales by … Continue reading
Posted in International, Massachusetts, Oklahoma, Politics, Regulation, Sports, Steven Witkoff, Tribal, West Virginia, Wynn Resorts
1 Comment
Policy change roils Atlantic City; Stratosphere scheduled for makeover
In what we can expect to be a trend rolled out nationwide, Caesars Entertainment is using its Atlantic City casinos to experiment with cutting back on waitresses. It’s not like we didn’t have fair warning of this: One of the … Continue reading
Posted in ACEP, Atlantic City, Churchill Downs, Dining, Golden Gaming, Harrah's, IGT, International, Internet gambling, Mandalay Bay Massacre, Marketing, Maryland, MGM Mirage, Mississippi, New York, Pennsylvania, Regulation, Scientific Games, Slot routes, Sports, Unite-Here, West Virginia
2 Comments
Quote of the Day
“We are always evaluating our services and the associated fees with the goal of delivering the best guest experience.” — e-mail from Las Vegas Sands, bragging on their tops-in-Vegas resort fees.
Posted in Resort fees, Sheldon Adelson
1 Comment