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- Atlantic City rebounds; Sibella dumped; NFL suspicions
- MGM limping back; Atlantic City follies; Wall Street Jottings
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- David McKee on You can’t fix stupid; Good-bad news on the bayou
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- 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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- MGM crippled; Illinois & Indiana report; Bally’s shaky in Chi - 58,051 views
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Author Archives: David McKee
Upside down at Cosmo; Casino beggars; Tribal casinos set new record
If a 3% ROI is your idea of a good return on a casino, have we got the place for you: The Cosmopolitan of Las Vegas. It continues to narrow losses and improved gambling revenues 25%. Last year, the Cosmo’s … Continue reading
Casino proposed for Albany; The smell of gambling
E23. That’s the provisional name for a casino complex that developer David Flaum has proposed for the Albany area, right on the New York State Thruway. The budget ($300 million-$400 million) is modest. Flaum is not. “This thing, frankly, is going … Continue reading
Posted in Environment, Laughlin, Marketing, Massachusetts, Mohegan Sun, New York, Ohio, Politics, Tribal
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Quote of the Day
“Rights matter because you never know when you’re going to need them.” — National Security Agency leaker Edward Snowden, in a surprise address to the 2014 TED conference.
Posted in International
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Strange Bedfellows Dept.
It’s hard to know what to make of this. The Republican Jewish Coalition is coming to Las Vegas and its headliner is Jeb Bush. Now, if there is anyone more anti-gambling in the GOP than Jeb, you’d be hard-pressed to … Continue reading
Posted in Atlantic City, Economy, Election, Florida, Internet gambling, Ohio, Politics, Regulation, Sheldon Adelson, Tourism, Wisconsin
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Jim Murren’s white flag; More slots in New England
In a moment of weakness upon which Sheldon Adelson is certain to pounce, MGM Resorts International CEO Jim Murren called for a cease-fire in the intra-industry war over Internet gambling. In addition to his day job, Murren is chairman of … Continue reading
Posted in Geoff Freeman, Internet gambling, Macau, MGM Mirage, New York, Pennsylvania, Politics, Sheldon Adelson, Steve Wynn, Taxes
1 Comment
More hitches in Massachusetts
Efforts by Wynn Resorts and Mohegan Sun to bring casinos to eastern Massachusetts could be in trouble. In another hitch to its elongated selection process, the Massachusetts Gaming Commission has agreed to consider whether to consider Boston a host community. … Continue reading
Adelson needs elbow room; Critical mass in Florida
Sixty percent more hotel rooms. That’s what Sheldon Adelson says he needs at Marina Bay Sands and he hopes the government of Singapore will humor him and release the needed land. It’s greatly outperforming other hotels in the market. Last … Continue reading
Posted in Election, Florida, Genting, Japan, Politics, Regulation, Sheldon Adelson, Singapore, Tribal
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Quote of the Day
“I am always writing about the period we’re in, and sometimes I’m telling people things they don’t want to hear. … The economy, the Internet—all these things are isolating us and making us feel defeated. Our national culture feels defeated, … Continue reading
Massacre in Maine; South Korea, land of opportunity?
Six gambling-expansion bills were mowed down in Maine‘s state Senate last night. Three of the quashed proposals would have provided some form of Native American gambling. (A fourth would have allowed racinos to go from 3,000 slots to 4,500.) Pleasant … Continue reading
Posted in Dining, Harrah's, International, Maine, Mississippi, New York, Politics, Racinos, Regulation, Tribal
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Twin setbacks in Massachusetts
After all the tsuris that’s gone into bringing casinos to Massachusetts, it may be for naught. In two months, public support has gone from 53% to 46% (against 43% opposed), according to MassINC Polling Group. That means that, if casino … Continue reading
Posted in Atlantic City, Culinary Union, Goldman Sachs, Macau, Massachusetts, Mohegan Sun, Penn National, Revel, Steve Wynn, The Strip
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Sheldon’s boys
At least one Congressman has rallied to Sheldon Adelson‘s banner, in the form of boyish Rep. Jason Chaffetz (R-UT). He’s introducing a bill to reimpose the pre-2011 interpretation of the Wire Act, banning all forms of online gambling. Chaffetz’s spokeswoman … Continue reading
Posted in Harrah's, Internet gambling, Planet Hollywood, Politics, Sheldon Adelson
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Quote of the Day
“It’s not good public policy in the first place to be bailing out failing businesses. We’re not seeing any detail to show that this money is actually going to save jobs or create jobs. Is this just going to go to … Continue reading
Posted in Horseracing, Politics, Racinos
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Dramatic turnarounds in Massachusetts; Tribe-on-tribe conflict in California
Hopes that the Mashpee Wampanoags have for a casino got a big lift on March 12. That’s when Interior Department Solicitor Hilary Tompkins ruled that tribes not recognized before 1934 weren’t excluded from casino eligibility. In her interpretation of the … Continue reading
Posted in Boyd Gaming, California, Culinary Union, Derek Stevens, Downtown, Goldman Sachs, Harrah's, Horseracing, Massachusetts, Mohegan Sun, Regulation, Station Casinos, Steve Wynn, Tamares Group, Terry Caudill, The Strip, Tilman Fertitta, Tribal
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Rebottling a genie
One would hate to think how many businesses in Clark County get by on the revenue from slot routes, rather than from their primary purpose. But county commissioners didn’t think to define “incidental” — an understandable oversight — when making … Continue reading
Louisiana and other Case Bets
Margaritaville ($10 million) was the difference between a positive (1.5%) and negative month in Louisiana, which was down 3% on a same-store basis. Isle of Capri Casinos had an exceptionally good month (+12%) but Pinnacle Entertainment (-3.5%), Boyd Gaming (-5%). … Continue reading
Posted in Boyd Gaming, Churchill Downs, Harrah's, Isle of Capri, Louisiana, New York, Penn National, Pinnacle Entertainment, Slot routes, Tribal, Wisconsin
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Meet Derek Stevens
Posted in Architecture, Derek Stevens, Downtown, Economy, Marketing
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Jackie Gaughan remembered; New York’s bullish expansion
Verbal tributes to the late Jackie Gaughan continue to roll in and may not end with yesterday’s funeral. He was remembered as a man who said “Honesty, character and morals are 75 percent of the job. I can teach you … Continue reading
Posted in California, Downtown, history, MGM Mirage, New York, Tribal
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Caesars’ big coup; Foxwoods site revealed
South Korea hasn’t opened its casino business to Western firms … until now. Caesars Entertainment, in partnernship with Hong Kong‘s Lippo Ltd. and OUE Ltd. from Singapore has won preliminary approval for a concession. The project is expected to cost … Continue reading
Posted in Foxwoods, Genting, Hard Rock Hotel, Harrah's, International, Kentucky, Macau, Massachusetts, Mississippi, Politics, Warner Gaming
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