Author Archives: David McKee

About David McKee

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Stale fare for New York; Web sites taken hostage

Posted on July 7, 2015 by David McKee

New York gaming regulators gave the state’s southern tier a second chance to submit plans for a casino — and they got leftovers. The only bidder was Tioga Downs owner Jeff Gural (left) who essentially proposed a supersized, $145 million version … Continue reading →

Posted in Atlantic City, Colony Capital, Cordish Co., Entertainment, Harrah's, Internet gambling, Maryland, Massachusetts, New York, Racinos, Regulation, Technology, Tribal | 1 Comment

Quote of the Day

Posted on July 7, 2015 by David McKee

“The enormous amount of refunds that the city must pay back on successful tax appeals is simply unsustainable. We continue to make cuts and run city government more efficiently, but it is the taxpayers who will suffer in the long run … Continue reading →

Posted in Atlantic City, Boyd Gaming, Economy, Taxes | Comments Off on Quote of the Day

GLPI ups ante for Pinnacle

Posted on July 7, 2015 by David McKee

Wall Street has been consistently saying that Gaming & Leisure Properties‘ previous offer for Pinnacle Entertainment wouldn’t get the deal done. Now GLPI has put $47.50/share on the table, to a cool response from Pinnacle management. J.P. Morgan analyst Joseph … Continue reading →

Posted in GLPI, history, International, MGM Mirage, Penn National, Pinnacle Entertainment, Sports, The Mob, The Strip, Wall Street, Wisconsin | 1 Comment

2016: Know thy enemy

Posted on July 6, 2015 by David McKee

A Las Vegas Sun roundup of the presidential field gives some helpful guidance. For instance, we’ve long known that Jeb Bush (R) was anti-casino, despite gambling expansion on his watch in Florida. Martin O’Malley (D) was in similar circumstances in … Continue reading →

Posted in Donald Trump, Election, Florida, Maryland, Regulation, Sheldon Adelson, Station Casinos, Tribal, Vermont, Wisconsin | Comments Off on 2016: Know thy enemy

From Russia with baccarat; Massachusetts tribe has no quit in it

Posted on July 6, 2015 by David McKee

North Korean, South Korean and northern Chinese punters will relatively soon have at least two opportunities to take short-hop flights to Vladivostok, where two casinos — relatively modest in budget by American standards — are in progress. The junior of the … Continue reading →

Posted in Architecture, CityCenter, Donald Trump, history, International, Lawrence Ho, Massachusetts, New York, Racinos, Regulation, Slot routes, Technology, The Strip, Tribal | Comments Off on From Russia with baccarat; Massachusetts tribe has no quit in it

Atlantic City, Trump Resorts play for time

Posted on July 6, 2015 by David McKee

Atlantic City can breathe a little easier: It’s bought a year’s reprieve from a ballot question which would revoke its casino monopoly. Technically, it could still get done if the Legislature votes it through by August 30. But it has … Continue reading →

Posted in Atlantic City, Boyd Gaming, Carl Icahn, Election, Genting, International, Politics, Sheldon Adelson, Taxes, Trump Entertainment Resorts, TV | 1 Comment

Quote of the Day

Posted on July 6, 2015 by David McKee

“The next wave of people aren’t going to stand there and play slots. The industry has to change or disappear.” – game developer Greg Giuffria, on the prospect of skill-based slot machines.

Posted in Technology | Comments Off on Quote of the Day

MGM goes to Atlanta; Pechanga named #1

Posted on July 2, 2015 by David McKee

Instead of waiting for an incremental creep of acceptance of gambling in Georgia, MGM Resorts International is taking the bull by the horns. While it says that it is in the “very preliminary” stages of proposing a casino for Atlanta, … Continue reading →

Posted in Architecture, Atlantic City, Boyd Gaming, California, Economy, Foxwoods, Georgia, Hard Rock Hotel, Harrah's, Indiana, Internet gambling, Louisiana, MGM Mirage, Mississippi, Mohegan Sun, Neil Bluhm, New York, Pinnacle Entertainment, Politics, Sheldon Adelson, Station Casinos, Technology, The Strip, Tourism, Tribal | Comments Off on MGM goes to Atlanta; Pechanga named #1

Reprieve for Dotty’s; Straub changes course again

Posted on July 2, 2015 by David McKee

By one vote, Dotty’s eked out a four-month grace period while the Las Vegas City Council ponders whether or not to lower the boom on the newest in this mammoth chain of slot parlors and taverns. Known for its homey, … Continue reading →

Posted in Arizona, Atlantic City, Carl Icahn, Dotty's, Foxwoods, Glenn Straub, Laughlin, Massachusetts, Regulation, Tribal, Trump Entertainment Resorts | Comments Off on Reprieve for Dotty’s; Straub changes course again

Quote of the Day

Posted on July 2, 2015 by David McKee

“Yes, the 2016 Republican field is so wide and diverse it includes perhaps the nation’s first presidential candidate with his own fragrance, and, it must be noted, not just any fragrance. Success has ‘a masculine combination of rich vetiver, tonka … Continue reading →

Posted in Donald Trump | Comments Off on Quote of the Day

Mohegan Sun’s eastern inspiration; Bumper crop in Colorado

Posted on July 1, 2015 by David McKee

You’d never know Mohegan Sun has been experiencing financial difficulties on the home front to judge by the scale and expense of its South Korean partnership with Incheon International Airport Corp. The two sides have finalized conceptual plans for Inspire … Continue reading →

Posted in Architecture, Colorado, Economy, Massachusetts, MGM Mirage, Mohegan Sun, Neil Bluhm, Regulation, South Korea, Steve Wynn, Wall Street | Comments Off on Mohegan Sun’s eastern inspiration; Bumper crop in Colorado

Macao: Victory or status quo?; No more soft opening at Linq

Posted on July 1, 2015 by David McKee

Deutsche Bank was predicting a 37% dropoff in Macao gaming revenues for June. They came in 36% under last year’s numbers. Is this good news or not-so-bad news? Probably the latter. The novelty factor of Galaxy Phase II was quick … Continue reading →

Posted in Architecture, Economy, Environment, Harrah's, Macau, Melco Crown Entertainment, MGM Mirage, Sheldon Adelson, Stanley Ho, Steve Wynn, Technology, The Strip, Wall Street | Comments Off on Macao: Victory or status quo?; No more soft opening at Linq

Loveman: The blessed and the damned

Posted on June 30, 2015 by David McKee

Bankruptcy’s good for Caesars Entertainment Operating Co., which posted a $53 million profit in April (not having to pay interest on $18.4 billion in debt can’t hurt). As for outgoing CEO Gary Loveman, his move upstairs to the chairmanship of … Continue reading →

Posted in Economy, Harrah's, Macau, Marketing, Maryland, Massachusetts, New York, Ohio, Pinnacle Entertainment, Regulation, South Korea, The Strip | Comments Off on Loveman: The blessed and the damned

This just in … Trump dumped

Posted on June 29, 2015 by David McKee

Our long television nightmare is over.

Posted in Donald Trump, TV | Comments Off on This just in … Trump dumped

Pushback against Adelson; Packer’s pretension

Posted on June 29, 2015 by David McKee

“Poker is an all-American game. It’s a game that I learned as a teen and continue to play today. Just like millions of other players I enjoy the strategy and skill involved.” So said Rep. Joe Barton (R) as he introduced … Continue reading →

Posted in Architecture, Australia, California, CityCenter, Cosmopolitan, Entertainment, Hard Rock Hotel, Harrah's, International, Internet gambling, James Packer, Lawrence Ho, Macau, PokerStars, Politics, Regulation, Taxes, The Strip, Warner Gaming | Comments Off on Pushback against Adelson; Packer’s pretension

Quote of the Day

Posted on June 29, 2015 by David McKee

“Can the one-armed bandit reinvent itself? There is no doubt that gaming, specifically the slot machine, needs a face-lift.” — Deutsche Bank analyst Andrew Zarnett on new developments in casino technology.

Posted in Marketing, MGM Mirage, Technology | Comments Off on Quote of the Day

Dispatch from Macao

Posted on June 29, 2015 by David McKee

Deutsche Bank analyst Carlo Santarelli visited Macao recently and found “limited signs of help on the way.” For instance, the anti-corruption campaign continues merrily forward, with arrests up 32% from last year. Give a dearth of VIP play, operators are … Continue reading →

Posted in Donald Trump, Environment, Macau, Regulation, Tourism | Comments Off on Dispatch from Macao

Strip treads water in May; Penn a big hit in Massachusetts

Posted on June 26, 2015 by David McKee

For all the hoopla about the (fixed?) Mayweather-Pacquiao fight, Strip gaming revenues sent mixed signals. The game that matters most, baccarat, saw somewhat less play (-7%) but the house got beaten badly, its winnings down 36%. By contrast, all other … Continue reading →

Posted in Alabama, Atlantic City, Boulder Strip, Downtown, Economy, Harrah's, Lake Tahoe, Laughlin, Massachusetts, MGM Mirage, North Las Vegas, Penn National, Regulation, Reno, Transportation, Wall Street, Warner Gaming | Comments Off on Strip treads water in May; Penn a big hit in Massachusetts

Adelson’s minions do his bidding; Seminoles lose patience

Posted on June 26, 2015 by David McKee

Two presidential aspirants, Sens. Lindsey Graham (R) and Marco Rubio (R), joined forces with a gaggle of other senators in reintroducing “Restoration of America’s Wire Act,” Sheldon Adelson‘s pet vehicle for keeping his competitors out of Internet gambling. Among those … Continue reading →

Posted in Florida, Harrah's, Internet gambling, Macau, MGM Mirage, Politics, Regulation, Sheldon Adelson, Technology, The Mob, Tribal | Comments Off on Adelson’s minions do his bidding; Seminoles lose patience

Ruffin loses in Kansas; Expanded New Jersey gambling dissed

Posted on June 26, 2015 by David McKee

Three casino proposals were weighed in the balance and two were found wanting, as the Kansas State Lottery Gaming Facility Review Board sifted the pros and cons, ultimately settling on the lowest-budgeted of the contenders, Kansas Crossing. The project, named … Continue reading →

Posted in Atlantic City, International, Kansas, Marketing, Massachusetts, Mohegan Sun, Phil Ruffin, Politics, Racinos, Tribal | Comments Off on Ruffin loses in Kansas; Expanded New Jersey gambling dissed