Author Archives: David McKee

About David McKee

Bio

Brokeback Adelson; McDowell calls it a day

Posted on January 14, 2016 by David McKee

Sheldon Adelson must be wishing he could quit Michael Schroeder. He’s the loud tin can tied to the back of the Adelson limousine whose incessant rattling continues to draw attention to the casino tycoon’s foray into U.S. new media. Schroeder, … Continue reading →

Posted in Isle of Capri, MGM Mirage, Sheldon Adelson | Comments Off on Brokeback Adelson; McDowell calls it a day

Atlantic City: Better than expected

Posted on January 13, 2016 by David McKee

As much as one hates the term “rightsizing” or endorsing the closure of four casinos, with all the job losses those entail, the numbers say that Atlantic City‘s casino market has been reduced to optimal size. December’s revenues were down … Continue reading →

Posted in Atlantic City, Boyd Gaming, Dining, Harrah's, Internet gambling, MGM Mirage, Mohegan Sun, PokerStars, The Strip, Tilman Fertitta, Tropicana Entertainment, Trump Entertainment Resorts, Wall Street | 3 Comments

Crosby: DFS equals Internet gambling; Macao’s newfound love for slot players

Posted on January 13, 2016 by David McKee

Although state Attorney General Maura Healey continues to draw a road map for daily fantasy sports in Massachusetts, the state’s gambling regulatory body has stepped forward to volunteer its services as an enforcement agent. Yes, DFS would be classified as … Continue reading →

Posted in Illinois, Internet gambling, Macau, Marketing, Massachusetts, MGM Mirage, Missouri, New York, Penn National, Regulation, Stanley Ho, Tribal, Tropicana Entertainment, Wall Street | Comments Off on Crosby: DFS equals Internet gambling; Macao’s newfound love for slot players

Quote of the Day

Posted on January 13, 2016 by David McKee

“Right off, the proposal set off a howl of opposition from legislators against any deal that might be seen as ‘an expansion of gambling.’ (As if there’s some moral difference between, say, Floridians losing money while playing the electronic virtual … Continue reading →

Posted in Florida, Politics, Tribal | Comments Off on Quote of the Day

Atlantic City: Sweeney wins … or does he?

Posted on January 12, 2016 by David McKee

In the end, New Jersey‘s two houses of the Legislature came together on casino expansion and we have to say that Assembly Speaker Vincent Prieto (D) blinked first, from where we sit. (In the peanut gallery, natch.) But was state … Continue reading →

Posted in Atlantic City, Carl Icahn, Fontainebleau, Glenn Straub, Hard Rock International, Harrah's, MGM Mirage, New York, Politics, Sheldon Adelson, Steve Wynn, Taxes, Tilman Fertitta, Trump Entertainment Resorts | 2 Comments

Gaming forecast: Moderately sunny; Adelson + R-J = bad news

Posted on January 12, 2016 by David McKee

Deutsche Bank analyst Carlo Santarelli hung out along the Las Vegas Strip last week and “found few signs of caution as forward indicators remain favorable in most key areas.” Both New Year’s Eve business and convention calendars for the first … Continue reading →

Posted in Economy, Harrah's, Law enforcement, Louisiana, Macau, MGM Mirage, Sheldon Adelson, Technology, The Strip, Transportation | Comments Off on Gaming forecast: Moderately sunny; Adelson + R-J = bad news

Quote of the Day

Posted on January 11, 2016 by David McKee

“Maharashtra is the den of illegal gambling. If the taxation on gaming is legalised, it could earn good revenue for State.” — attorney Jay Sayata on the activation of a 40-year-old law which could legitimize casinos in Goa and Sikkim. … Continue reading →

Posted in International, Regulation, Taxes | Comments Off on Quote of the Day

Christie takes sides in casino fight; Healthy month in Missouri

Posted on January 11, 2016 by David McKee

“I can’t say it won’t ever happen, but by 2018, New York will have approved a casino in Staten Island. It needs to be now because we have the opportunity now.” Thus spake New Jersey State Senate President Stephen Sweeney (D), … Continue reading →

Posted in Ameristar, Atlantic City, Georgia, Harrah's, Illinois, Isle of Capri, Massachusetts, New York, Penn National, Pinnacle Entertainment, Politics, Regulation, Steve Wynn, Tribal, Tropicana Entertainment, Unite-Here | Comments Off on Christie takes sides in casino fight; Healthy month in Missouri

Tribal headache for Connecticut; Wynn, Adelson eye New Jersey

Posted on January 8, 2016 by David McKee

Proposed new rules that would make it easier for tribes to gain federal recognition could have a seismic effect on the casino business in Connecticut. Three potentially recognized tribes could vie for as many as four new casinos. One says “four” … Continue reading →

Posted in Atlantic City, Donald Trump, Economy, Foxwoods, Mohegan Sun, Pennsylvania, Politics, Sheldon Adelson, Steve Wynn, The Strip, Tribal | Comments Off on Tribal headache for Connecticut; Wynn, Adelson eye New Jersey

Illinois down, Indiana up

Posted on January 8, 2016 by David McKee

While surrounding states prosper at their casinos, Illinois‘ continue to suffer, especially now that they must compete with slot routes. Deutsche Bank analyst Carlo Santarelli crunched the numbers and found that even though bettors were wagering 2% more, there was … Continue reading →

Posted in Ameristar, Boyd Gaming, Dan Lee, GLPI, Harrah's, Illinois, Indiana, MGM Mirage, Neil Bluhm, Penn National, Pinnacle Entertainment, Racinos, Tropicana Entertainment | Comments Off on Illinois down, Indiana up

Rage against DFS; Iowa stays stable

Posted on January 8, 2016 by David McKee

“FanDuel and DraftKings are optimized for power players to rape and pillage regular players over and over again.” So says daily fantasy sports podcaster Gabriel Harber, in the course of a lengthy New York Times expose of the DFS industry. … Continue reading →

Posted in Ameristar, Boyd Gaming, Economy, Harrah's, Internet gambling, Iowa, Isle of Capri, Massachusetts, Nevada, Pinnacle Entertainment, Regulation | Comments Off on Rage against DFS; Iowa stays stable

Arc de scandale; New Illinois casino nominee

Posted on January 7, 2016 by David McKee

Macao is still reeling from an embezzlement scandal involving a Wynn Macau junket operator and now $13 million has gone missing from L’Arc, a sublicensee of Sociedade de Jogos de Macau and owned by SJM’s Angela Leong. This immediately raised … Continue reading →

Posted in Foxwoods, Galaxy Entertainment, Illinois, Macau, Massachusetts, MGM Mirage, Mohegan Sun, Penn National, Regulation, Sheldon Adelson, Stanley Ho, Steve Wynn, Wall Street | Comments Off on Arc de scandale; New Illinois casino nominee

Ground shifts on i-gaming in California; T-Mobile’s new trophy

Posted on January 7, 2016 by David McKee

California took one step forward and one step back in the field of Internet gambling. A bill to legalize online poker was scratched from yesterday’s legislative agenda. If it makes you feel any better, the opposition of six major California … Continue reading →

Posted in California, Cosmopolitan, Dining, Entertainment, MGM Mirage, Planet Hollywood, PokerStars, Politics, Sam Nazarian, Sports, The Strip | Comments Off on Ground shifts on i-gaming in California; T-Mobile’s new trophy

Penn owns Ohio; Adelson expands R-J

Posted on January 7, 2016 by David McKee

Gaining 19% last month, Hard Rock Rocksino reclaimed its top spot in Ohio, grossing almost $19 million and edging aside Horseshoe Casino Cleveland by one decimal point. The latter saw an 11% slippage revenues, while ThistleDown Racino continues to look like … Continue reading →

Posted in Cosmopolitan, Dan Gilbert, Eldorado Resorts, Hard Rock International, Harrah's, MGM Mirage, Ohio, Penn National, Pinnacle Entertainment, Racinos, Regulation, Sheldon Adelson, Steve Wynn | Comments Off on Penn owns Ohio; Adelson expands R-J

Hope for Atlantic Club; Boffo month for Maryland

Posted on January 6, 2016 by David McKee

Not so fast, says Endeavor AC about yesterday’s report that its purchase of the Atlantic Club was defunct. The would-be purchaser says it has “a very strong and creditable private equity source to finance the acquisition and development of the … Continue reading →

Posted in Atlantic City, Cordish Co., Dan Gilbert, Glenn Straub, Golden Gaming, Harrah's, Japan, Law enforcement, Maryland, Penn National, Pennsylvania, Planet Hollywood, Politics, Problem gambling, Racinos, Revel, Sheldon Adelson, SLS Las Vegas, The Strip, Tourism | Comments Off on Hope for Atlantic Club; Boffo month for Maryland

Quote of the Day

Posted on January 6, 2016 by David McKee

Memo to Ted Cruz: Journalism salaries are already in the crapper. It’s called “outsourcing.”

Posted in Economy | Comments Off on Quote of the Day

Adelson’s endurance; Doom for Dotty’s?

Posted on January 6, 2016 by David McKee

Outwardly, Sheldon Adelson maintains an air of placidity regarding business affairs in Macao, where gaming revenue dropped 34% in 2015. However, it can’t much please him to pick up his morning newspaper and read that Wall Street is expecting more of the … Continue reading →

Posted in Cosmopolitan, Dotty's, Economy, Macau, Regulation, Sam Nazarian, Sheldon Adelson, Wall Street | 1 Comment

Quote of the Day

Posted on January 5, 2016 by David McKee

“I don’t think there’s a single person that, no matter how you craft this bill, is going to be 100 percent happy with it. I think the question they’re going to have to ask themselves is, ‘Can I live with the … Continue reading →

Posted in Florida, Politics, Seminole Tribe | Comments Off on Quote of the Day

Suffolk Downs fights back; Scrum in New Jersey Lege

Posted on January 5, 2016 by David McKee

Boston Mayor Martin Walsh may well have thrown in the towel in his lawsuit against Wynn Everett (technically against the Massachusetts Gaming Commission) but a quartet of Suffolk Downs workers aren’t letting Judge Janet Sanders‘ dismissal of aforesaid lawsuit go … Continue reading →

Posted in Atlantic City, Colony Capital, Entertainment, Glenn Straub, Macau, Massachusetts, MGM Mirage, Politics, Racinos, Regulation, Revel, Stanley Ho, Steve Wynn, The Strip | 1 Comment

Another day in Adelsonia

Posted on January 5, 2016 by David McKee

After a weeks of ham-handed “managing” of the Las Vegas Review-Journal, controversial executive Michael Schroeder got the heave-ho, the apparent price of having brought unwanted attention to Sheldon Adelson‘s ownership. He was also an ethical cancer on the R-J, having … Continue reading →

Posted in Donald Trump, Harrah's, Macau, Politics, Regulation, Sheldon Adelson, Steve Wynn, The Mob, The Strip | Comments Off on Another day in Adelsonia