Author Archives: David McKee

About David McKee

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Next stop, Antrim?!?; Murren drops out of casino arms race

Posted on November 17, 2017 by David McKee

Ever heard of Antrim Township in Pennsylvania? Probably not. But state Rep. Paul Schemel thinks it’s a new gaming hot spot. One of his reasons for advocating Antrim is its proximity to Charles Town, West Virginia. Now this is precisely … Continue reading →

Posted in Japan, MGM Mirage, Penn National, Pennsylvania, Politics, Problem gambling, Slot routes, The Strip, West Virginia | 1 Comment

Swings and roundabouts in Louisiana; Sexual harassment in Las Vegas

Posted on November 17, 2017 by David McKee

Now that S&G has been informed that it’s Louisiana that is the Bayou State, let’s take a look at how its casinos did last month. Overall, they dropped 2% for a $198 million gross. The headline item has to be … Continue reading →

Posted in Boyd Gaming, Churchill Downs, Harrah's, history, Isle of Capri, Louisiana, New York, Penn National, Pinnacle Entertainment, Racinos, Tilman Fertitta, Tropicana Entertainment, Westgate LV | Comments Off on Swings and roundabouts in Louisiana; Sexual harassment in Las Vegas

N.Y. struggles continue; Sweet deal for Mount Airy

Posted on November 16, 2017 by David McKee

For Rivers Casino & Resort in Schenectady, the good news is that it’s turned a derelict locomotive plant into a shiny, new, $330 million gambling hall and that it’s spurred development of the nearby Mohawk Harbor residential community. The bad … Continue reading →

Posted in Economy, history, Macau, Mississippi, Neil Bluhm, New York, Penn National, Pennsylvania, Politics, Tourism | 2 Comments

Stable in Atlantic City; Saturated in Pennsylvania

Posted on November 16, 2017 by David McKee

Casino business in Atlantic City was flat last month (not bad with one less weekend day), with the surviving casinos grossing $186 million. Internet revenue shot up 23.5% to $20.5 million. Slots were up 1% but tables, where wagering was down … Continue reading →

Posted in Atlantic City, Dan Gilbert, Detroit, Eldorado Resorts, Glenn Straub, Greenwood Racing, Harrah's, Internet gambling, Massachusetts, MGM Mirage, Mohegan Sun, Neil Bluhm, Penn National, Pennsylvania, Pinnacle Entertainment, PokerStars, Racinos, Sheldon Adelson, Tilman Fertitta, Tropicana Entertainment | Comments Off on Stable in Atlantic City; Saturated in Pennsylvania

Solons press for Connecticut clarity; Macao mulls casino renewal

Posted on November 15, 2017 by David McKee

Today’s news takes us straight back to Washington, D.C., where Sens. Chris Murphy (D) and Richard Blumenthal (D) are demanding that the Bureau of Indian Affairs get off the fence and clarify its stance regarding the $300 million East Windsor … Continue reading →

Posted in Donald Trump, Economy, Election, Entertainment, Foxwoods, Macau, MGM Mirage, Mississippi, Mohegan Sun, Penn National, Pennsylvania, Politics, Regulation, Sociedade de Jogos de Macau, Tourism, Transportation, Tribal | Comments Off on Solons press for Connecticut clarity; Macao mulls casino renewal

Quote of the Day

Posted on November 15, 2017 by David McKee

“That is of absolutely no value to us at all. There is no win in that for us. Our business is built on healthy customers enjoying themselves, their ability to afford it and their ability to return.” — MGM Resorts International … Continue reading →

Posted in MGM Mirage, Problem gambling, The Strip | Comments Off on Quote of the Day

Tax change roils industry; Head rolls at Rivers Schenectady

Posted on November 14, 2017 by David McKee

Tax legislation currently before Congress has the gaming industry, well, not up in arms but decidedly concerned. The House of Representatives version would close some loopholes for deductibility of interest on growth investments. Rather than take up its argument with the … Continue reading →

Posted in Charity, Genting, Geoff Freeman, Neil Bluhm, New York, Politics, Taxes | Comments Off on Tax change roils industry; Head rolls at Rivers Schenectady

Quote of the Day

Posted on November 14, 2017 by David McKee

“Except in extreme situations, where other states were endangered, there simply was no reason, let alone power, for the federal government to get involved. Think fire departments – we don’t want Congress to be in charge of fighting fires.” — gaming-law … Continue reading →

Posted in Current, Regulation, Sports | Comments Off on Quote of the Day

Penn regroups, Sands expands; Beware the Yakuza

Posted on November 13, 2017 by David McKee

Santa Claus has come early, in the guise of hardworking Deutsche Bank analyst Carlo Santarelli. He’s been so busy profiling gaming’s top companies we wonder when he finds time for sleep. His recent visits have included one to Penn National … Continue reading →

Posted in Ameristar, Dining, Environment, Harrah's, Illinois, Indiana, Japan, Macau, Majestic Star, Maryland, Massachusetts, MGM Mirage, Ohio, Penn National, Pennsylvania, Pinnacle Entertainment, Regulation, Sheldon Adelson, Singapore, Steve Wynn, Taxes, The Mob, The Strip, Wall Street, West Virginia | Comments Off on Penn regroups, Sands expands; Beware the Yakuza

Bullish Boyd; Inside Station’s crystal ball

Posted on November 13, 2017 by David McKee

Deutsche Bank analyst Carlo Santarelli met with Boyd Gaming‘s brain trust and liked what he heard, but I’ll let him tell it in his own words: “Within Las Vegas, management is encouraged by unrated play, particularly in the Downtown segment, … Continue reading →

Posted in Boyd Gaming, Downtown, Economy, Florida, IGT, Internet gambling, Marketing, Palms, Reno, Seminole Tribe, Sports, Station Casinos, Taxes, Technology, Tribal, Wall Street | Comments Off on Bullish Boyd; Inside Station’s crystal ball

Bumpy ride in Missouri; Scott vaporized in Maine

Posted on November 13, 2017 by David McKee

Missouri casinos dipped 3% last month (4% in the St. Louis area), a figure that seems bigger than the “unfavorable calendar” excuse covers. Pinnacle Entertainment took a 7.5% haircut at River City ($18 million) while its Ameristar St. Charles was off … Continue reading →

Posted in Affinity Gaming, Ameristar, Eldorado Resorts, Election, Harrah's, International, Isle of Capri, Maine, Missouri, Penn National, Pinnacle Entertainment, Politics, Regulation, Sam Nazarian, SLS Las Vegas, Tribal, Tropicana Entertainment, Vietnam | Comments Off on Bumpy ride in Missouri; Scott vaporized in Maine

Quote of the Day

Posted on November 13, 2017 by David McKee

“If you want to sit in your ivory tower and pontificate about the integrity of your beloved game, why would you put one of your franchises within walking distance of several sports books?” — retired ESPN sportscaster Brent Musberger on … Continue reading →

Posted in Current, Sports, Texas | Comments Off on Quote of the Day

MGM rebounds; Harvey victims have mystery casino benefactor

Posted on November 10, 2017 by David McKee

Commercials practically begging people to patronize the Las Vegas Strip after the Mandalay Bay massacre turn out to have been needless. The company most affected, MGM Resorts International, reports that hotel bookings are “almost back to normal.” “I’m happy to … Continue reading →

Posted in Baseball, Charity, Cordish Co., Cosmopolitan, Galaxy Entertainment, Greenwood Racing, Harrah's, Macau, Mandalay Bay Massacre, MGM Mirage, Neil Bluhm, Penn National, Pennsylvania, Politics, Steve Wynn, Texas, The Strip, Wall Street | Comments Off on MGM rebounds; Harvey victims have mystery casino benefactor

Green Valley Ranch unionizes; Downtown shuttle dinged

Posted on November 10, 2017 by David McKee

Properties in the Station Casinos empire continue to topple like dominoes before Unite-Here. Yesterday Green Valley Ranch became the fourth Station-owned or -managed casino to vote for unionization, with a 78% mandate. “Over the course of organizing, I’ve picketed, protested, and … Continue reading →

Posted in Atlantic City, Culinary Union, Downtown, Election, Station Casinos, Technology, Transportation, Unite-Here | Comments Off on Green Valley Ranch unionizes; Downtown shuttle dinged

Quote of the Day

Posted on November 9, 2017 by David McKee

“The Tribe is not like a corporation in that it can pick up and move to another county, another state. The Tribe is very anchored here, and it’s a very important part of their values to give back to the community … Continue reading →

Posted in California, Economy, Tribal | Comments Off on Quote of the Day

Ohio defies the calendar; Pennsylvania vote pricks Adelson’s balloon

Posted on November 8, 2017 by David McKee

Ohio gaming revenues powered up 5.5% last month despite a supposedly “unfavorable” calendar (one less weekend day).  Except for a flat outcome at Thistledown Racino ($9.5 million), everyone was revenue positive for the month. Even Jack Cleveland snapped out of … Continue reading →

Posted in Dan Gilbert, Eldorado Resorts, Genting, Hard Rock International, Internet gambling, Japan, Ohio, Penn National, Pennsylvania, Pinnacle Entertainment, Politics, Racinos, Sheldon Adelson, Singapore, South Korea, Tourism | Comments Off on Ohio defies the calendar; Pennsylvania vote pricks Adelson’s balloon

Quote of the Day

Posted on November 8, 2017 by David McKee

“When our state passed legislation to expand gaming, our decision was based on projections of robust revenues, and promises that casino development would not place new burdens on taxpayers. The last few months, however, have called into question those projections and … Continue reading →

Posted in Economy, New York, Politics | Comments Off on Quote of the Day

MGM: The lion roars; Station doubles down

Posted on November 8, 2017 by David McKee

MGM Resorts International, so long in the headlines due to bad news, made some good news this week. In the third quarter room revenues were up 4% along the Las Vegas Strip and table game hold was substantially higher, both … Continue reading →

Posted in Atlantic City, Election, IGT, Macau, Mandalay Bay Massacre, MGM Mirage, Palms, Penn National, Pennsylvania, Pinnacle Entertainment, Station Casinos, The Strip, Wall Street | 3 Comments

Quote of the Day

Posted on November 7, 2017 by David McKee

“Since the dawn of the nuclear age seven decades ago, we have been relying upon cooler heads and strategic doctrine to forestall the unthinkable. But too often those kind of ad hoc measures seem less reassuring than ever.” — Sen. … Continue reading →

Posted in Current, Japan, South Korea | Comments Off on Quote of the Day

National Harbor rules; #VegasAmnesia anyone?

Posted on November 7, 2017 by David McKee

Last week I was saying that anyone who thinks the Washington, D.C.-Baltimore corridor can absorb another casino doesn’t have their head screwed on right. Well, the latest numbers are in and S&G feels more validated than ever. Maryland Live ($46 … Continue reading →

Posted in Boyd Gaming, Colorado, Cordish Co., GLPI, Harrah's, Louisiana, Mandalay Bay Massacre, Maryland, MGM Mirage, Neil Bluhm, Penn National, Pennsylvania, Pinnacle Entertainment, Slot routes, Tourism, Wall Street, West Virginia | 1 Comment