Author Archives: David McKee

About David McKee

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Quote of the Day

Posted on March 17, 2014 by David McKee

“My candid answer is nobody knows what will happen except God and he hasn’t told me.” — state Rep. Robert Elliott (R), on the future of wannabe racino Rockingham Park, in New Hampshire.

Posted in Cannery Casino Resorts, New Hampshire, Racinos | Comments Off on Quote of the Day

Case Bets: ‘Net-bet wrangle; Showdown on Fremont Street; New England update

Posted on March 17, 2014 by David McKee

Get your tickets now for next week’s  iGaming North America 2014 conference, to be held at Planet Hollywood. The thought of a keynote speech by Ultimate Poker‘s Tom Breitling doesn’t get our pulses racing — but one of the marquee events … Continue reading →

Posted in Downtown, Foxwoods, Internet gambling, Maine, Mohegan Sun, Racinos, Sheldon Adelson, Station Casinos, Transportation | 1 Comment

‘Pawn Shop’ moves to Strip

Posted on March 14, 2014 by David McKee

If you haven’t seen Pawn Shop Live! at the Golden Nugget, you’ve still got a couple of weeks to do so but on April 17 it reopens at the Riviera. Don’t go expecting a stage version of Pawn Stars. Directed … Continue reading →

Posted in Current, Downtown, Entertainment, Riviera, The Strip, Tilman Fertitta, TV | Comments Off on ‘Pawn Shop’ moves to Strip

What’s this thing called ‘Adelaar’?

Posted on March 14, 2014 by David McKee

A tragic saga for the Concord Resort Hotel could have a belated, sort-of happy ending. Empire Resorts and EPR Properties want to build a new, casino-based resort — called Adelaar — on the site. Empire is a stalking horse for … Continue reading →

Posted in Cordish Co., Genting, New York, Penn National | Comments Off on What’s this thing called ‘Adelaar’?

Mega-casino proposed for Chicago; REIT-mania continues

Posted on March 14, 2014 by David McKee

Visualize Foxwoods Resort Casino. Now plunk it down in the middle of Chicago. That’s essentially what state Rep. Robert Rita (D) proposes to do, pitching a 4,000-10,000-position casino for the Windy City. He also would have the State of Illinois … Continue reading →

Posted in Boyd Gaming, Florida, Illinois, Penn National, Pinnacle Entertainment, Racinos, Taxes, Wall Street | Comments Off on Mega-casino proposed for Chicago; REIT-mania continues

New York’s challenge; History repeats itself as farce

Posted on March 13, 2014 by David McKee

Wasting no time, the New York State Gaming Commission appointed three experienced public servants to the Resort Gaming Facility Location Board and gave them a June deadline to accept bids. That’s light speed compared to Massachusetts. It also overshadowed something … Continue reading →

Posted in Architecture, Boyd Gaming, Economy, International, New Hampshire, New York, Racinos, Tilman Fertitta, Tribal, Trump Entertainment Resorts, Wisconsin | Comments Off on New York’s challenge; History repeats itself as farce

Nose candy at Mandalay Bay; Remembering Gaughan

Posted on March 13, 2014 by David McKee

It’s a measure of how lucrative nightclubs are that casino companies are willing to run the attendant risks. (Put another way, by contrast to nightclubs, casinos look as staid as banks.) Case in point, MGM Resorts International‘s half-million-dollar settlement with … Continue reading →

Posted in Downtown, Economy, Foxwoods, Internet gambling, Massachusetts, MGM Mirage, Problem gambling, Regulation, Station Casinos, The Strip, Trump Entertainment Resorts | Comments Off on Nose candy at Mandalay Bay; Remembering Gaughan

The industry speaks, Part Two

Posted on March 13, 2014 by David McKee

Both Penn National Gaming and Pinnacle Entertainment have weighed in at the J.P. Morgan Gaming, Lodging, Restaurant & Leisure Management Access Forum. Penn engaged in a three-bucket division of its casinos. “The first bucket comprises properties in markets where there has … Continue reading →

Posted in Ameristar, Indiana, Louisiana, Marketing, Massachusetts, MGM Mirage, Missouri, Ohio, Penn National, Pinnacle Entertainment, Racinos, Tilman Fertitta, Wall Street, West Virginia | Comments Off on The industry speaks, Part Two

Optimism around the industry

Posted on March 13, 2014 by David McKee

Las Vegas‘ premier casino companies have been showing their wares at the  J.P. Morgan Gaming, Lodging, Restaurant & Leisure Management Access Forum. Among the pilgrims was Wynn Resorts CFO Matt Maddox, who reported that Wynncore is increasing revenue per available room … Continue reading →

Posted in Atlantic City, Boyd Gaming, International, Internet gambling, Japan, Louisiana, Macau, Massachusetts, Mississippi, Sheldon Adelson, Steve Wynn, The Strip, Tilman Fertitta, Wall Street | Comments Off on Optimism around the industry

Adelson: Sore winner; Good news from Atlantic City

Posted on March 12, 2014 by David McKee

Macao’s 2013 casino haul of $45 billion seems pretty mind-boggling on its own merits. That number could be $115 billion by 2018. Much of that growth will be driven by post-2015 projects of Melco Crown Entertainment and Galaxy Entertainment Group. … Continue reading →

Posted in Atlantic City, Boyd Gaming, Current, Donald Trump, Harrah's, Internet gambling, Macau, Melco Crown Entertainment, Mohegan Sun, Revel, Sheldon Adelson, The Strip, Tilman Fertitta, Tropicana Entertainment, Trump Entertainment Resorts, Wall Street | 2 Comments

Itchy trigger fingers in Massachusetts; Boyd besieged

Posted on March 12, 2014 by David McKee

After moving with extreme deliberation on terrestrial casinos, the Massachusetts Gaming Commission suddenly has a fire under its butt to do something about Internet gambling. “The time is now … We can’t wait any longer, even though we’re still in the … Continue reading →

Posted in Bally Technologies, Boyd Gaming, Hawaii, Horseracing, IGT, Internet gambling, Massachusetts, Penn National, Pennsylvania, Racinos, Regulation, Wall Street | Comments Off on Itchy trigger fingers in Massachusetts; Boyd besieged

Jackie Gaughan, 1920-2014

Posted on March 12, 2014 by David McKee

The humility with which Jackie Gaughan did business would be un-thought-of in today’s casino world. He’d come to work through the front door and his “office” was a hotel room adapted for the purpose. At various times, Jackie owned all or … Continue reading →

Posted in Downtown, history, Regulation, Steve Wynn, The Strip | 2 Comments

Caesars disappoints Wall Street

Posted on March 12, 2014 by David McKee

Caesars Entertainment posted a staggering, $1.76 billion loss (-$12.83/share), as some analysts fret that the recent fire sale of four casinos to Caesars Growth Partners may starve parent company Caesars Entertainment Operating Co. of cash flow. Meanwhile, Big Caesars has … Continue reading →

Posted in Atlantic City, Harrah's, Louisiana, Missouri, Revel, Wall Street | 4 Comments

Missouri, Indiana take their lumps

Posted on March 11, 2014 by David McKee

Bad weather is being blamed for dismal attendance figures at St. Louis-area casinos. Those on the Missouri side were down 11%, while Casino Queen in East St. Louis and Alton Belle were off 17% at the turnstile. Statewide, revenue was down 7%, with … Continue reading →

Posted in Harrah's, Indiana, Isle of Capri, Missouri, Ohio, Penn National, Pinnacle Entertainment, Taxes, Tropicana Entertainment | Comments Off on Missouri, Indiana take their lumps

Rocky Mountain high roller; Playing spoiler in Boston

Posted on March 11, 2014 by David McKee

“Recreational horse racing to me is more appealing than recreational pot.” So says one of the backers of expanded gambling in Colorado, state Rep. Don Coram (R). “We’re opposed because the way the initiative is written it gives the owner of … Continue reading →

Posted in California, Colorado, Election, Entertainment, Internet gambling, Massachusetts, MGM Mirage, Ohio, Regulation, Rhode Island, Tribal | Comments Off on Rocky Mountain high roller; Playing spoiler in Boston

Culinary: Two down, 14 to go; Quiet crisis at Sands

Posted on March 11, 2014 by David McKee

Culinary Union-represented workers at the Riviera and at Treasure Island have cause for celebration, being the beneficiaries of new, five-year collective bargaining agreements.  Culinary Secretary-Treasurer Geoconda Arguello-Kline took the extra step of hailing the Riviera deal as “mutually beneficial” to … Continue reading →

Posted in Charity, Culinary Union, Delaware, Macau, Massachusetts, Mohegan Sun, Ohio, Phil Ruffin, Racinos, Regulation, Riviera, Sheldon Adelson, Taxes, The Strip | Comments Off on Culinary: Two down, 14 to go; Quiet crisis at Sands

Boyd under siege? Tight (slots) on the East Coast

Posted on March 11, 2014 by David McKee

Yesterday, Elliott Management announced that it owns 5% of Boyd Gaming. Shares of the company, which had closed just under $12, opened at $14. But is this a vote of confidence in Boyd? According to Seeking Alpha, “Elliott has a … Continue reading →

Posted in Atlantic City, Boyd Gaming, Columbia Sussex, Florida, Internet gambling, Lake Tahoe, Laughlin, Neil Bluhm, New York, Pennsylvania, Pinnacle Entertainment, Regulation, Reno, Technology, Tourism, Tropicana Entertainment, Wall Street, West Virginia | Comments Off on Boyd under siege? Tight (slots) on the East Coast

Quote of the Day

Posted on March 11, 2014 by David McKee

“Whoever determined that 12 noon was the perfect check-in, check-out time was thinking of the housekeeping shift, not the guest.” — Cornell University’s School of Hotel Administration professor of marketing Chekitan Dev, on the Palms‘ new, round-the-clock checkout policy. It’ll be … Continue reading →

Posted in Dan Lee, Palms, The Strip | 1 Comment

Realism in Iowa, depression in Illinois, paradox in Ohio

Posted on March 7, 2014 by David McKee

“The problem is Iowa is not a free-market system It’s set up to encourage big-dollar investments, so the cannibalization issue is one we have to take into consideration.” — Iowa Racing & Gaming Commission Chairman Jeff Lamberti There you have … Continue reading →

Posted in Animals, Boyd Gaming, Economy, Harrah's, Illinois, Iowa, Isle of Capri, MGM Mirage, Neil Bluhm, Ohio, Penn National, Pinnacle Entertainment, Regulation | Comments Off on Realism in Iowa, depression in Illinois, paradox in Ohio

Notes from Indian Country; Penn’s fast break

Posted on March 7, 2014 by David McKee

Native American casinos in Maine took a step toward realization when the lower house of the Legislature rescued pro-casino bills from seeming death in the Veterans & Legal Affairs Committee. The legislation “would allow the Passamaquoddy Tribe to build a … Continue reading →

Posted in California, Churchill Downs, Horseracing, Maine, Massachusetts, Penn National, Politics, Racinos, Tribal, Wisconsin | Comments Off on Notes from Indian Country; Penn’s fast break