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- If you can’t beat ’em, cheat ’em; Fun & games
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- Atlantic City rebounds; Sibella dumped; NFL suspicions
- MGM limping back; Atlantic City follies; Wall Street Jottings
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- MGM crippled; Illinois & Indiana report; Bally’s shaky in Chi
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- Alice Eskandari on Durango Station, slightly downsized
- 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
- Paul Shanahan on MGM crippled; Illinois & Indiana report; Bally’s shaky in Chi
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- Atlantic City rebounds; Sibella dumped; NFL suspicions - 55,761 views
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- MGM crippled; Illinois & Indiana report; Bally’s shaky in Chi - 57,932 views
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Author Archives: David McKee
Breaking bad at the Trop; More trouble for Wynn Resorts
Business was afire — literally — at the Tropicana Atlantic City after a meth lab in one of the hotel rooms caused a blaze and led to the evacuation of four floors. This wasn’t how owner Carl Icahn wanted to make … Continue reading
Quote of the Day
“What a difference a blizzard makes. When people are stuck in their homes by more than a foot of snow, and temperatures are dipping into single digits, they don’t come to Atlantic City.” — New Jersey Casino Control Commission Chairman … Continue reading
Posted in Atlantic City, Economy
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Louisiana stutters; MLB rigs the odds
Gambling in Louisiana was a bit off the pace last month, down 4% ($187 million). Most of that was due to a terrible Baton Rouge market, tumbling 21%, while Lake Charles (+2%) remained immune. New Orleans (-2%) and Shreveport/Bossier City … Continue reading
Cold January in Atlantic City, Pennsylvania; Bull runs rampant in Vegas
Just when everything seemed settled into a comfortable groove in Atlantic City, January revenues fell off the table, down 12.5%. The silver lining, if it qualifies as that, was that online revenues ($22 million) climbed 17%. Golden Nugget, with 33% … Continue reading
Posted in Animals, Atlantic City, Boyd Gaming, Culinary Union, Current, Dan Gilbert, Detroit, Economy, Eldorado Resorts, Greenwood Racing, Harrah's, Internet gambling, Isle of Capri, MGM Mirage, Mohegan Sun, Neil Bluhm, North Las Vegas, Penn National, Pennsylvania, Pinnacle Entertainment, Sheldon Adelson, Station Casinos, Tilman Fertitta, Tropicana Entertainment
1 Comment
Florida is on the clock; Political football in New Jersey
In Florida, the clock is running fast on a court order that the state reach an agreement with the Seminole Tribe or kiss at least $250 million (possibly as much as $400 million in proposed legislation) goodbye forever. Part of … Continue reading
Posted in Atlantic City, DFS, Florida, Genting, Horseracing, Internet gambling, New York, Politics, Racinos, Seminole Tribe, Taxes
1 Comment
MGM wins race in Macao; Wynn complaints proliferate
Whew! For a while it was looking as though MGM Grand Cotai wouldn’t make it out of the starting blocks in time for Chinese New Year. However, the megaresort opened yesterday, with room to spare before the all-important holiday. Architecturally … Continue reading
Posted in Economy, history, Illinois, Indiana, Kentucky, Macau, Massachusetts, MGM Mirage, Missouri, Ohio, Politics, Regulation, Sexual misconduct, Steve Wynn, West Virginia, Wynn Resorts
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Quote of the Day
“There are often times when I would like corporate statutes and law to comply with what we believe socially, but it doesn’t. It insults me personally that all over America there are people sitting on boards with a CEO who is … Continue reading
Posted in Sexual misconduct, Steve Wynn, Wall Street, Wynn Resorts
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MGM’s sincerity challenged; Probe continues at Wynncore
“Is this legislature capable of setting a course and sticking with it?” That’s the very legitimate question posed by the editorial board of The Day, with regard to the Lege’s rather addled behavior on whether to stand by the satellite casino … Continue reading
Posted in Election, Foxwoods, Hard Rock International, Harrah's, International, Japan, Macau, MGM Mirage, Mohegan Sun, Politics, Regulation, Sexual misconduct, Singapore, Taxes, Wynn Resorts
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Mohegan Sun strikes again; Magic 8s in Pennsylvania
Even as Steve Wynn was on his way out at Wynn Resorts, the casino he bested for the Boston-area gaming concession, Mohegan Sun, was launching a legal counterattack. It demanded that Wynn Resorts’ license be pulled and the project awarded to Mohegan … Continue reading
Posted in Animals, Cordish Co., Greenwood Racing, International, Macau, Massachusetts, Mohegan Sun, Ohio, Penn National, Pennsylvania, Sexual misconduct, Sheldon Adelson, Steve Wynn
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Quote of the Day
“[I]n practice, the United States is alone among developed countries in insisting that while human rights are of fundamental importance, they do not include rights that guard against dying of hunger, dying from a lack of access to affordable healthcare, … Continue reading
Wynn reverses himself; New name, plans for F-blew
Wynn Resorts took a step closer to being taken over or sold off in pieces last weekend. Ex-CEO Steve Wynn submitted a letter saying that the now-famous 2010 stockholders’ agreement which binds Elaine Wynn’s shares with his was “invalid and unenforceable … Continue reading
Posted in Fontainebleau, Genting, LVCVA, Riviera, Steve Wynn, Steven Witkoff, The Strip, Wall Street, Wynn Resorts
2 Comments
Quote of the Day
“We continue to believe that Mr. Wynn’s quintessential strength lies in his resort design abilities. So much so that his resorts have demonstrated superior performance under the management of others, i.e. Bellagio, and thus would hold their value in an [merger-and-acquisition] scenario, … Continue reading
Posted in Architecture, Steve Wynn, Wall Street, Wynn Resorts
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GLPI picks at Wynn; Indiana players stay home
Gaming & Leisure Properties met with Wall Street analysts this week and it had the future of Wynncore on its mind. “While GLPI remains open to doing Las Vegas asset transactions, they view the risk profile as considerably higher given … Continue reading
Posted in Ameristar, Boyd Gaming, Centaur Gaming, Charity, Economy, Eldorado Resorts, Full House Resorts, GLPI, Harrah's, Indiana, Majestic Star, Mandalay Bay Massacre, Massachusetts, MGM Mirage, Penn National, Pennsylvania, Pinnacle Entertainment, Racinos, The Strip, Tribal, Tropicana Entertainment, Wall Street, Wynn Resorts
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Wynn: What’s in a brand?
More than the trouble (and cost) it takes to replace it, experts conclude. Another reason for keeping the founder’s name on Wynn Resorts is one that he would not find flattering: “I think the impact on Wynn Resorts will be short-lived, … Continue reading
Posted in Atlantic City, Charity, Cretins, Donald Trump, Genting, Japan, Marketing, Massachusetts, Politics, Regulation, Sexual misconduct, Steve Wynn, The Strip, Wall Street, Wynn Resorts
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Quote of the Day
“[Steve] Wynn’s tone-deaf statement about the resignation is telling. ‘In the last couple of weeks, I have found myself the focus of an avalanche of negative publicity,’ says Wynn. You didn’t find yourself anything, Mr. Wynn. You caused this. You’re not … Continue reading
Posted in Sexual misconduct, Steve Wynn
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Tribal betrayal in Connecticut; Disappointing year in Schenectady
If the Mashantucket Pequots and the Mohicans feel they’ve been screwed they’re right to do so. Connecticut legislators, in a classic white-man-speaks-with-forked-tongue move, are proposing to tear up the bill that gave Mohegan Sun and Foxwoods Resort Casino a satellite … Continue reading
Posted in Economy, Foxwoods, Internet gambling, MGM Mirage, Mohegan Sun, Neil Bluhm, New York, Pennsylvania, Politics, Taxes, Tribal
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Life after Wynn
There may not be much, according to a feature in the New York Times. Wall Street analysts are already circling Wynn Resorts like buzzards. “Elvis has left the building. Mr. Wynn’s value to the company is unarguably profound as its chief visionary … Continue reading
One picture = 1,000 words
Las Vegas visual artist Laura Martin has a one-word solution for Wynn Resorts‘ new branding problem.
Posted in Steve Wynn, The Strip
1 Comment
Caesars seeks to transform New Orleans skyline
Harrah’s New Orleans was built on the presumption that it would have neither hotel rooms nor restaurant, thereby not sapping the businesses around it. Through some clever — one might even say Machievallian — maneuvers by then-CEO Phil Satre, both … Continue reading
Posted in Election, Harrah's, history, Isle of Capri, Louisiana, Penn National, Pinnacle Entertainment, Politics, Tribal
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