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- 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
Sands Bethlehem sale fizzles; Packer peddles Alon acreage
For the second time, Las Vegas Sands has decided that Sands Bethlehem was too valuable to sell, especially after it set a state record for table game revenue. (Earlier, Sands was bruited to be in talks with Tropicana Entertainment to … Continue reading
Posted in Atlantic City, Charity, Eldorado Resorts, Harrah's, Internet gambling, Iowa, Isle of Capri, James Packer, Macau, Melco Crown Entertainment, MGM Mirage, Pennsylvania, Phil Ruffin, Sheldon Adelson, Slot routes, Steve Wynn, The Strip, Tropicana Entertainment
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Malloy: Stay the course; Wynncore automates
Although the courts may have the final say in the matter, Connecticut Gov. Dannel Malloy has scotched the idea of an open-bidding process for a third Nutmeg State casino. He would prefer to keep the bird in the hand that … Continue reading
Posted in Atlantic City, CityCenter, Foxwoods, Marketing, MGM Mirage, Mohegan Sun, New York, Sheldon Adelson, Steve Wynn, Taxes, Technology
1 Comment
Resorts World LV: It’s a go; Illinois pols spurn casino
As Alon fades into the sunset, Resorts World Las Vegas plans to ramp up in serious fashion. Resorts World President Edward Farrell has announced that construction cranes will be up by August at the latest and work will begin in … Continue reading
Posted in Alabama, Architecture, Boyd Gaming, Genting, Illinois, Lucky Dragon, Nebraska, Nevada, New York, Politics, Problem gambling, Reno, South Dakota, The Strip
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Caesars pages The Hoff; Riviera sign lives again
Enjoy the fountains and shrubbery in front of Caesars Palace while you still can. Caesars Entertainment CEO Mark Frissora plans to celebrate the company’s emergence from bankruptcy by monetizing 90 acres of Las Vegas Strip frontage. To be fair to … Continue reading
Posted in California, Harrah's, history, International, Japan, Marketing, Problem gambling, Riviera, South Korea, The Strip, Tribal
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Alon: It’s over
CBRE has informed the world that it has been retained by Crown Resorts to peddle 35 Strip acres that were meant to be the site of Alon, the resort that now represents James Packer‘s latest failure in his serial attempts … Continue reading
Posted in Current, Donald Trump, Florida, Galaxy Entertainment, James Packer, Racinos, Steve Wynn, The Strip
1 Comment
Tables buoy Pennsylvania; Oregon poker rooms in peril
It was table games to the rescue in Pennsylvania, in a record-setting performance, which saw casino winnings up 10% last month at the tables, while slots were down 1.5%. State leader was, as usual, Parx Casino, grossing $49 million for … Continue reading
Posted in Eldorado Resorts, GLPI, Greenwood Racing, Harrah's, history, Isle of Capri, MGM Mirage, Mohegan Sun, Neil Bluhm, Oregon, Penn National, Pennsylvania, Pinnacle Entertainment, Politics, Sheldon Adelson, Transportation
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Stirrings of life on North Strip; Freeman hails Macao
Deutsche Bank analyst Carlo Santarelli visited Las Vegas this week and saw signs of life on the North Strip: “Despite limited progress, some recent concrete work is evident on the steel structures at Resorts World. We believe the project remains … Continue reading
Posted in Architecture, Fontainebleau, G2E, Galaxy Entertainment, Genting, Geoff Freeman, IGT, Marketing, Maryland, Melco Crown Entertainment, MGM Mirage, Sheldon Adelson, Steve Wynn, Technology, The Strip, Wall Street
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Setback for MGM, advance for Gamblit
In an important win for Mohegan Sun and Foxwoods Resort Casino, the Interior Department said that its position regarding the tribes’ compact with the State of Connecticut remains unchanged. To wit: A third, offsite casino won’t breach the tribes’ obligation … Continue reading
Posted in Foxwoods, Harrah's, MGM Mirage, Mohegan Sun, Politics, Taxes, Technology, The Strip, Wall Street
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Quote of the Day
“We fully understand the central government’s concerns regarding capital flight. If it is perceived that money is being washed through Macao, it might lead to the tightening of visa restrictions. We need to clearly demonstrate to the central government that … Continue reading
Posted in Galaxy Entertainment, Law enforcement, Macau, Regulation, Taxes
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Solution in search of a problem; Trump causes Macao jitters
As it its civic duty, Plainridge Park racino pays into the local Community Mitigation Fund. Now it’s being ill-repaid by Norfolk District Attorney Michael Morrissey, who wants 75 dimes of CMF money to investigate crimes his office says are “stemming directly” … Continue reading
Posted in Arizona, Donald Trump, Law enforcement, Macau, Massachusetts, MGM Mirage, Penn National, Politics, Regulation, Sheldon Adelson, Steve Wynn, The Strip, Tourism, Tribal, Wall Street
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Pelican Brief; Miami Beach bans casinos
Despite having one less weekend day this year, April was a good month for Louisiana, as gambling revenue rose 5%. The growth was especially dramatic in the Pelican State market, up 19%. By contrast, Shreveport/Bossier City was down 3%. The increase … Continue reading
Posted in Boyd Gaming, Eldorado Resorts, Galaxy Entertainment, GLPI, Hard Rock International, Harrah's, Isle of Capri, Japan, Louisiana, MGM Mirage, Oklahoma, Pinnacle Entertainment, Sheldon Adelson, Singapore, Technology, The Strip, Tilman Fertitta, Tribal, Tropicana Entertainment, TV, Wall Street
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Borgata keeps Atlantic City afloat; No slots for Wichita
Atlantic City had a bit of adversity in April, down 3.5%. However, when last year’s Trump Taj Mahal grosses are removed from the comparison, the Boardwalk was up 4%. Market leader, by an astonishing margin, was Borgata, garnering $58.5 million, … Continue reading
Posted in Atlantic City, Boyd Gaming, Harrah's, Indiana, Japan, Kansas, Majestic Star, MGM Mirage, Mohegan Sun, Pinnacle Entertainment, Politics, Problem gambling, Racinos, Taxes, Technology, Tilman Fertitta, Tropicana Entertainment
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Packer bows out; Adelson puts moves on Brazil
There’s now 100% less “Crown” in Melco Crown Entertainment. Colorful casino baron James Packer has sold his share in the company for $1.2 billion. Reuters describes the move as “ending a fraught offshore expansion and freeing up cash for new … Continue reading
Posted in Architecture, Atlantic City, Australia, Boyd Gaming, Harrah's, International, Internet gambling, Iowa, James Packer, Japan, Lawrence Ho, Melco Crown Entertainment, MGM Mirage, Mohegan Sun, Politics, Problem gambling, Regulation, Sheldon Adelson, Sports, Station Casinos, The Crown 18, The Strip, Wall Street
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Hard Rock takes Icahn to the cleaners
Well, now we know how much Hard Rock International paid for Trump Taj Mahal — and why Carl Icahn wanted to keep it a secret. The defunct casino changed hands for $50 million, well below the nine-figure sum Icahn was … Continue reading
Posted in Atlantic City, Carl Icahn, Columbia Sussex, Donald Trump, Glenn Straub, Hard Rock International, MGM Mirage, Pennsylvania, Regulation, Revel, Sheldon Adelson, Tribal, Tropicana Entertainment, Trump Entertainment Resorts
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Freeman: Let my people bet!
Undistracted by the current shenanigans in Washington, D.C., the American Gaming Association‘s Geoff Freeman is staying on course about legalized sports betting. The AGA recently commissioned a Greenberg Quinlan Rosner poll that concluded — surprise! — that most Americans favor legalized … Continue reading
Posted in Ameristar, Baseball, Boyd Gaming, Economy, Foxwoods, Full House Resorts, Geoff Freeman, GLPI, Harrah's, Indiana, Internet gambling, Majestic Star, MGM Mirage, Mohegan Sun, Neil Bluhm, New York, Penn National, Pinnacle Entertainment, Politics, Racinos, Sports, Tribal, Tropicana Entertainment
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Higher taxes mooted for Atlantic City; Trump into Philippines?
Someone has belatedly noticed that Atlantic City is, in essence, a tax haven for casino operators. They pay 9.25%, compared to Pennsylvania‘s 55% on slots, for instance, or Maryland‘s patchwork of tax rates, which top out at 60%. That’s not … Continue reading
Posted in Atlantic City, Donald Trump, GLPI, Harrah's, Lake Tahoe, Law enforcement, Lawrence Ho, Macau, Maryland, Melco Crown Entertainment, Missouri, New York, Penn National, Pennsylvania, Pinnacle Entertainment, Taxes, Technology
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Connecticut tribes go on attack; Adelson discovers 21st century
MGM Resorts International is getting hoist on its own petard in a new attack ad, which uses quotes cherry-picked from Massachusetts Casino Commission testimony to show CEO Jim Murren and President Bill Hornbuckle coveting the Connecticut customer base. Naturally, the Mashantucket Pequots … Continue reading
Posted in Donald Trump, Foxwoods, Marketing, Massachusetts, MGM Mirage, Mohegan Sun, New York, Regulation, Sheldon Adelson, Technology, Tribal, TV
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Quote of the Day
“We’re not necessarily in love with the conditions or the three-year test period. We don’t want to spend billions of dollars and find out in three years they’ve changed their mind and they’re not going to allow locals in. So we … Continue reading
Posted in International, Regulation, Sheldon Adelson, Vietnam
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Big month in Maryland; Kentucky Derby sets record
MGM National Harbor took the top spot in Maryland last month, grossing $50 million to Maryland Live‘s $45 million. “We view this as positive/encouraging for MGM, as it shows the property’s momentum has sustained into April,” wrote JP Morgan analyst … Continue reading
Posted in Boyd Gaming, Churchill Downs, Cordish Co., Galaxy Entertainment, GLPI, Golden Gaming, Harrah's, Horseracing, Illinois, Japan, Maryland, MGM Mirage, Neil Bluhm, Penn National, Technology, The Strip, Wall Street, West Virginia
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New crackdown in Macao; Death in Downtown
That chill wind you feel blowing through Macao is the local government’s trepidation about the $1 billion-plus in cash withdrawals that are being made from Macanese ATMs. “The amounts are eye-watering – HK$10 billion-a-month is a conservative estimate. The banks have been … Continue reading
Posted in Downtown, Law enforcement, Macau, Marketing, Sports, Uncategorized, Wall Street
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