Author Archives: David McKee

About David McKee

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Light at end of Atlantic City tunnel; Madonna gets played

Posted on September 14, 2017 by David McKee

There’s one reason to look forward to November in Atlantic City: Revenue comparisons will no longer have to include the dead weight of Trump Taj Mahal. Gaming revenues were up 3.5% on the Boardwalk last month but add the Taj … Continue reading →

Posted in Architecture, Aristocrat, Atlantic City, Cosmopolitan, Dan Gilbert, Detroit, Entertainment, Harrah's, Marketing, MGM Mirage, Mohegan Sun, Paragon Gaming, Scientific Games, Sports, Technology, The Strip, Tilman Fertitta, Tropicana Entertainment, Trump Entertainment Resorts, Westgate LV | Comments Off on Light at end of Atlantic City tunnel; Madonna gets played

Eldorado: Small is beautiful; Fire sale in the Philippines

Posted on September 14, 2017 by David McKee

Eldorado Resorts CEO Tom Reeg just had a sit-down with Joseph Greff and his JP Morgan colleagues, and clued them into Eldorado’s plans. “We came away encouraged by management’s upbeat tone and positive commentary on Reno trends … and long-term plan … Continue reading →

Posted in Colorado, Dining, Economy, Eldorado Resorts, Florida, Harrah's, Indiana, Isle of Capri, Kazuo Okada, Louisiana, Marketing, Melco Resorts & Entertainment, New York, Philippines, Regulation, Reno, Steve Wynn, Taxes, Tribal, Wall Street | Comments Off on Eldorado: Small is beautiful; Fire sale in the Philippines

Blitzkrieg

Posted on September 13, 2017 by David McKee

(This is one in an occasional series of CEO interviews.) One of the products you’ll undoubtedly see at Global Gaming Expo is an 84-inch touchscreen, multi-game product called Jackpot Blitz. It’s an effort to bring fresh and younger players to … Continue reading →

Posted in International, Internet gambling, Macau, Marketing, Regulation, Technology, The Strip | 1 Comment

Bye, bye, Vegas Club; Murren accepts minority status

Posted on September 13, 2017 by David McKee

One of our favorite sources, VitalVegas author Scott Roeben, is interviewed at length by Nevada Public Radio on what, if anything, the introduction of virtual reality to the Las Vegas Strip means for the big casinos. In part, Roeben says, … Continue reading →

Posted in Architecture, Atlantic City, CityCenter, Derek Stevens, Downtown, Downtown Grand, e-sports, Fontainebleau, Genting, Japan, Lucky Dragon, MGM Mirage, Palms, Politics, Sheldon Adelson, Station Casinos, Steve Wynn, Technology, The Strip, Tribal, Tropicana Entertainment, Wall Street | 1 Comment

Quote of the Day

Posted on September 12, 2017 by David McKee

“40 Wall Street actually was the second-tallest building in downtown Manhattan, and it was actually, before the World Trade Center, was the tallest—and then, when they built the World Trade Center, it became known as the second-tallest. And now it’s … Continue reading →

Posted in Donald Trump, history, New York | Comments Off on Quote of the Day

Wynn scolds Japan; Dan Gilbert gets something right

Posted on September 11, 2017 by David McKee

Despite height restrictions and an indifferent (at best) local government, Steve Wynn seems hellbent on putting a casino in Tokyo. Like everybody else, he’s also looking at Yokohama and Osaka — likelier finalists in the Japan casino derby. In an … Continue reading →

Posted in Architecture, Dan Gilbert, Internet gambling, Japan, Ohio, Pennsylvania, Politics, Regulation, South Dakota, Steve Wynn, Taxes | 1 Comment

Placidity in Indiana; Irma inconveniences card sharps

Posted on September 11, 2017 by David McKee

It was a flat August in the Hoosier State, as casino executives look toward Four Winds Casino in South Bend with trepidation. Perhaps it is the vampiric rise of slot routes in Illinois, but the northern tier of Indiana casinos … Continue reading →

Posted in Ameristar, Boyd Gaming, Dan Lee, Eldorado Resorts, Environment, Florida, Full House Resorts, GLPI, Harrah's, Illinois, Indiana, Isle of Capri, MGM Mirage, Missouri, Penn National, Pinnacle Entertainment, Racinos, Seminole Tribe, The Strip, Tribal, Tropicana Entertainment, Wall Street, World Series of Poker | Comments Off on Placidity in Indiana; Irma inconveniences card sharps

Quote of the Day

Posted on September 8, 2017 by David McKee

“By ordering New Jersey to maintain prohibitions on sports gambling that its state legislature has considered and repealed before, Congress is coercing the State of New Jersey to govern according to Congress’s instructions.” — Rep. Frank Pallone (D), in an … Continue reading →

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

Illinois lackluster, Ohio strong; New attraction for Strip

Posted on September 8, 2017 by David McKee

Illinois is coming off a flat August. The good news is that it’s an improvement on last year’s 2% decline. The bad news is that the lost business doesn’t appear to be coming back. Deutsche Bank analyst Carlo Santarelli reports … Continue reading →

Posted in Boyd Gaming, Dining, Eldorado Resorts, Entertainment, GLPI, Hard Rock International, Harrah's, Illinois, MGM Mirage, Neil Bluhm, Ohio, Penn National, Pinnacle Entertainment, Racinos, The Strip, Wall Street | Comments Off on Illinois lackluster, Ohio strong; New attraction for Strip

MGM sells National Harbor; High accolade for Turning Stone

Posted on September 7, 2017 by David McKee

MGM National Harbor continues to grow the Maryland casino market, while taking down its main competitors. (Would we call this a “category killer”?) In the meantime, the small casinos are doing just fine. Last month Penn National Gaming‘s Hollywood Perryville was … Continue reading →

Posted in Economy, Golden Gaming, Harrah's, Illinois, Indiana, Maryland, Massachusetts, MGM Mirage, Neil Bluhm, Penn National, Racinos, Rhode Island, Slot routes, Taxes, Tribal | Comments Off on MGM sells National Harbor; High accolade for Turning Stone

Freeman takes on SCOTUS; Golden Gate expands

Posted on September 6, 2017 by David McKee

No big surprise, the American Gaming Association has submitted an amicus brief in Christie v. NCAA et. al. The brief makes some normative arguments that are unlikely to sway the Supreme Court, which will undoubtedly take a narrow view in … Continue reading →

Posted in Architecture, Derek Stevens, Downtown, Downtown Grand, Geoff Freeman, history, International, Louisiana, Movies, Sports, Tribal | Comments Off on Freeman takes on SCOTUS; Golden Gate expands

New player in Japan; Culinary slams Trump

Posted on September 5, 2017 by David McKee

Even as the number of front-running Japanese cities for casino developers shrinks, Yokohama and Tokyo having evidently opted out, there’s a dark-horse developer entering the sweepstakes. Macao junket operator Suncity is pledging $10 billion against the prospect of a Japanese … Continue reading →

Posted in Culinary Union, Donald Trump, Genting, International, Internet gambling, Japan, Macau, Melco Resorts & Entertainment, Problem gambling, Regulation, The Strip, Vietnam | Comments Off on New player in Japan; Culinary slams Trump

Fontainebleau plans take shape; Newton blitzes sports books

Posted on September 5, 2017 by David McKee

Fontainebleau continues to make news. First off, lead investor Steven Witkoff and his partners plan to re-name the unfinished resort. Good idea, as “Fontainebleau” brings nothing but bad karma and negative associations to anyone who frequents the Las Vegas Strip. … Continue reading →

Posted in Boyd Gaming, California, Environment, Fontainebleau, Harrah's, history, Lawrence Ho, Macau, MGM Mirage, Sports, Station Casinos, Steven Witkoff, The Strip, Tribal, Wall Street | 2 Comments

Galaxy dominates Macao; Costner’s casino flops

Posted on September 1, 2017 by David McKee

For a company that entered Macao with zero casino experience, Galaxy Entertainment is taking the veterans to school. In 2Q17, its cash flow grew 45%, to $420 million, a figure not seen since 2012. Galaxy is also leading the pack in terms … Continue reading →

Posted in Economy, Galaxy Entertainment, Iowa, Macau, Melco Resorts & Entertainment, MGM Mirage, Movies, Paragon Gaming, Sahara, Sam Nazarian, Sheldon Adelson, SLS Las Vegas, Sociedade de Jogos de Macau, South Dakota, Steve Wynn, Wall Street | Comments Off on Galaxy dominates Macao; Costner’s casino flops

Icahn’s big score

Posted on August 31, 2017 by David McKee

Did Carl Icahn just take Steven Witkoff to the cleaners? It sure looks that way. Witkoff and his associates paid, according to Bloomberg, $22 million an acre for Fontainebleau. Yes, $22 million. That figure is so dazzling I had to … Continue reading →

Posted in Carl Icahn, Fontainebleau, Genting, Internet gambling, James Packer, Maine, Marketing, Massachusetts, New Hampshire, Politics, Steven Witkoff, The Strip | 1 Comment

Strip disappoints, locals casinos dominate; Indiana ignores tribal casino

Posted on August 30, 2017 by David McKee

Poor table play punished the Las Vegas Strip last month, driving revenues down 8%. Locals casinos, by contrast, were up 13%, possibly helped by some end-of-June coin lingering in the slot hoppers. But, if so, what’s the Strip’s excuse for … Continue reading →

Posted in Boulder Strip, Boyd Gaming, Charity, Downtown, Economy, Environment, Harrah's, Indiana, International, Japan, Lake Tahoe, Laughlin, Lawrence Ho, Louisiana, Macau, Majestic Star, Marketing, MGM Mirage, Missouri, Nevada, North Las Vegas, Pansy Ho, Pennsylvania, Regulation, Reno, Sheldon Adelson, Taxes, The Strip, Tribal, West Virginia | Comments Off on Strip disappoints, locals casinos dominate; Indiana ignores tribal casino

F-blew sold; Turmoil at Westgate

Posted on August 30, 2017 by David McKee

It’s official. Carl Icahn has the Fontainebleau monkey off his back. He found a couple of chumps, er, investment firms in the form of Witkoff Group and New Valley, who bought F-blew for a cool $600 million. When you consider … Continue reading →

Posted in Carl Icahn, Fontainebleau, Genting, LVCVA, Sheldon Adelson, SLS Las Vegas, The Strip, Wall Street, Westgate LV | 2 Comments

Quote of the Day

Posted on August 29, 2017 by David McKee

“I was expecting a bit more of an interactive experience and did not get that. None of this was very scary at all.” — tourist Neil Morris, panning Las Vegas‘ new “Fear the Walking Dead” attraction.

Posted in Downtown, Entertainment, TV | Comments Off on Quote of the Day

Kansas Crossing struggles; Their indecision is final

Posted on August 29, 2017 by David McKee

Here’s a man-bites-dog story to start your day. Kansas Crossing casino is shortening hours and reducing payroll. Apparently four casinos is one too many for the Sunflower State. Although expected to rake in $3 million a month, the casino has … Continue reading →

Posted in Architecture, Genting, Internet gambling, Kansas, New York, Pennsylvania, Politics, Slot routes, Taxes | 1 Comment

F-blew sale rumored; New Jersey legitimizes DFS

Posted on August 28, 2017 by David McKee

According to VitalVegas, Carl Icahn finally has finally hooked a big one and the upshot will be a long-delayed sale of Fontainebleau for $650 million. Uncle Carl has long since recouped his bargain-basement purchase price by selling off everything wasn’t … Continue reading →

Posted in Affinity Gaming, Atlantic City, Boulder Strip, Boyd Gaming, Carl Icahn, Derek Stevens, Donald Trump, Downtown, Fontainebleau, Genting, GLPI, Hard Rock Hotel, Harrah's, history, Internet gambling, Lucky Dragon, LVCVA, M Resort, MGM Mirage, North Las Vegas, Palms, Penn National, Politics, SLS Las Vegas, Station Casinos, Taxes, Terry Caudill, The Strip, Wall Street, Westgate LV | 1 Comment