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- You can’t fix stupid; Good-bad news on the bayou
- If you can’t beat ’em, cheat ’em; Fun & games
- Pennsylvania soggy; Epic fail in North Carolina
- Sibella scandal spreads; Supremes forestall Seminoles
- 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
- American Gaming Guru on You can’t fix stupid; Good-bad news on the bayou
- 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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- Pennsylvania soggy; Epic fail in North Carolina - 55,837 views
- Atlantic City rebounds; Sibella dumped; NFL suspicions - 55,818 views
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- Lame nag; Frissora overpaid? - 578,641 views
- The evils of bingo; Wynn’s Aqueduct exit - 90,541 views
- That casino smell - 63,653 views
- Bally’s opens, Chicago yawns; MGM, tree murderers - 58,409 views
- MGM crippled; Illinois & Indiana report; Bally’s shaky in Chi - 58,007 views
- MGM paralyzed; DraftKings debacle; Mount Airy wins - 57,369 views
- MGM limping back; Atlantic City follies; Wall Street Jottings - 57,048 views
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Author Archives: David McKee
New Jersey loses again; From Russia with casinos
New Jersey‘s quest for sports betting came to a bitter, penultimate roadblock before the Third Circuit Court of Appeals, which deemed the Garden State’s repeal of its sports-betting ban to be a violation of the Professional and Amateur Sports Protection Act. … Continue reading
Posted in Economy, Harrah's, International, Japan, Lawrence Ho, Macau, Politics, South Korea, Taxes
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Quote of the Day
“Indian gaming, unfortunately, is the 800-pound gorilla in every room, in every discussion, on every Indian policy, including recognition. Mostly recognition.” — lobbyist Arlinda Locklear, on how tribal policymaking in Washington, D.C., is complicated by politicians and interest groups who … Continue reading
Posted in Politics, Regulation, Tribal
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Back from vacation
My wife and I have just returned from four days’ vacation in Kanab, Utah. We spent our time there volunteering at Best Friends Animal Sanctuary, where we washed dishes, folded laundry, picked up poop, fed the inhabitants and socialized with
Posted in Animals, MGM Mirage, Pets, The Strip
2 Comments
Caesars’ pound of flesh; SLS plays the Red Bull card
Banks and other lending institutions aren’t going to simply forebear while Caesars Entertainment ownership absconds with all the assets. No, they want equity if they’re going to forgive debt and drop lawsuits. And if those lawsuits drag the parent company … Continue reading
Posted in Election, Harrah's, history, Internet gambling, Marketing, Massachusetts, SLS Las Vegas, Tribal, Wall Street
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The Penn National effect strikes again
Penn National Gaming is “making it rain” in Plainview, where it has spent $1.5 million with local vendors since opening. The workforce at Plainridge Park has gone from 100 to 533, with a $14 million payroll. And the state has … Continue reading
Posted in Economy, Harrah's, Macau, Massachusetts, Penn National, Racinos, Regulation, Taxes, Tourism
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Those tight slots; A birthday for Horseshoe
When one reads that casino revenues were up in, say, Indiana, despite lower foot traffic, you’ve got to wonder how its done. Applied Analysis has the answer: Slot holds are at “all-time highs,” meaning that some of the economic recovery … Continue reading
Optimism at MGM; SLS: The Unhappy Blob
MGM Resorts International sent CFO Dan D’Arrigo to meet with J.P. Morgan analysts, who found MGM execs in an upbeat mood. “We’d characterize the tone of the meetings as positive and investor interest as high,” wrote analyst Joseph Greff. That’s … Continue reading
It’s Galaxy’s turn to take a hit; Tohono O’odham file suit
Add Galaxy Entertainment to the companies taking on the chin in the Macao economy. The casino firm just posted a 46% drop in cash flow for 2Q15. Leading by example, Chairman Lui Che Woo announced a freeze in executive salaries … Continue reading
Posted in Arizona, Cosmopolitan, Dining, Economy, Galaxy Entertainment, Harrah's, Macau, Melco Crown Entertainment, MGM Mirage, Penn National, Philippines, Regulation, The Strip, Tribal
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SLS: Closed by 2016?
That’s the stark implication of some remarks by owner Stockbridge Capital Partners about SLS Las Vegas, which continues to generate negative return on investment. Howard Stutz took a deep dive into the numbers and he must have required a bathysphere to … Continue reading
Quote of the Day
“It is now safe to say the American casino industry has recovered, and the new normal is growth again.” — Fantini’s Gaming Report CEO Frank Fantini, on revenue upticks at Midwestern and tribal casinos.
Massachusetts: Penn has a hit; Arms race in New York
First-month numbers are in for Plainridge Park and the racino run by Penn National Gaming took in an average of $467/slot/day (including a $6.15 million gross its first week). That’s an absolute blockbuster figure in an industry where $200/day is … Continue reading
Posted in Genting, Harrah's, Internet gambling, Massachusetts, MGM Mirage, New York, Penn National, Racinos, Sheldon Adelson, Steve Wynn, Technology, Tribal
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So long, Las Vegas Club
The countdown has begun toward a Wednesday closing of the Las Vegas Club. It’s surprising that it took five years for new co-owner Derek Stevens to persuade Tamares Group to part with the casino, considering how flummoxed Tamares was at … Continue reading
Quote of the Day
“I joked with people a year ago no one wanted to be in regional gaming and everyone wanted to be in Macao. And a year later, it has really flipped.” — Penn National Gaming CEO Tim Wilmott, whose company’s stock price … Continue reading
Posted in Macau, Penn National, Wall Street
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Poker outlawed in Wisconsin; A new game in New York
Score one against private poker games and score one for tribal casinos, which are now the only places in Wisconsin where one can legally play poker. As Poker News put it, ” the fact remains even playing poker for pennies … Continue reading
Posted in Atlantic City, Genting, Macau, New York, Regulation, Technology, Tribal, Wisconsin
2 Comments
Vegas Club rescued; Straight talk from Steve Wynn
Good news for fans of the Las Vegas Club (and you know who you are): Its long Tamares Group nightmare will soon be over. Tamares has sold the Vegas Club to the D owner Derek Stevens and his brother for … Continue reading
Kabuki comes to Vegas
Here’s a preview of the half-hour Kabuki spectacle Fight with a Carp, which will play five performances at Bellagio over the next three nights. A special, 165-square-foot stage has been erected in the Bellagio lagoon for the show, which is … Continue reading
Posted in Entertainment, Japan, MGM Mirage, The Strip
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Quote of the Day
“I wondered how in the world we would protect it. And it’s like putting a Renoir in Disneyworld.” — Elaine Wynn, on the genesis of the Bellagio Gallery of Fine Art.
Posted in history, Steve Wynn, The Strip
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Yesterday in Las Vegas
The rains came — with a vengeance.
Posted in Downtown
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What they did to your luggage
Whee! I feel like I’ve just been on El Loco at Circus Circus‘ Adventuredome.
Posted in MGM Mirage, Transportation
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Studio City in trouble; Tribal clash in Massachusetts
Melco Crown Entertainment is in Eeyore mood these days, darkly muttering about a “contingency plan” for Studio City if the Macao government doesn’t give it 400 table games. As far back as its 2014 annual report, the company was making … Continue reading
Posted in Atlantic City, Columbia Sussex, Election, Galaxy Entertainment, Geoff Freeman, Internet gambling, Isle of Capri, James Packer, Lawrence Ho, Macau, Massachusetts, Melco Crown Entertainment, MGM Mirage, Mississippi, Neil Bluhm, Pennsylvania, Regulation, Sheldon Adelson, Steve Wynn, The Strip, Tribal
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