Author Archives: David McKee

About David McKee

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This won’t help A.C. and other case bets

Handle at Meadowlands Racetrack rose 32% (or $55 million) last year. That’s not what Atlantic City casinos need to hear at a time when they’re just trying to tread water. It’s bad enough that Caesars Entertainment and Tropicana Entertainment are … Continue reading

Posted in Atlantic City, Cordish Co., Entertainment, Environment, Harrah's, Horseracing, Macau, Maryland, Mohegan Sun, Ohio, Penn National, Planet Hollywood, Tropicana Entertainment | Comments Off on This won’t help A.C. and other case bets

Quote of the Day

“I’m worried about a meteor hitting, too. But there’s not much I can do about it.” — Suffolk Downs COO Chip Tuttle, on the prospect of repeal of casino licenses.

Posted in Massachusetts, Politics, Racinos | Comments Off on Quote of the Day

Not your father’s AGA; Harmon’s end

American Gaming Association President Geoff Freeman continues to show that change is the new order of the day. This morning brings news of five new lobbyists, most of them new to the gaming industry, presaging a big push on a … Continue reading

Posted in Massachusetts, MGM Mirage, Politics, The Strip, Tribal | Comments Off on Not your father’s AGA; Harmon’s end

Taiwan in 2019?

It could happen. Enabling legislation to put casinos on Taiwan‘s outer islands has a good chance in parliament, it is reported. Matsu is expected to be the principal beneficiary but, if it can change voters’ minds, Claremont Partners has a … Continue reading

Posted in Harrah's, International, Macau, New York, Politics, Sheldon Adelson, The Strip, Tribal | Comments Off on Taiwan in 2019?

Playing with trouble

Pennsylvania is already pretty maxed out on casino capacity. Now it’s going to cannibalize its gaming economy even further with small-stakes games in bars and comparable edifices. Slot routes aren’t on the table yet. The legal framework is described as … Continue reading

Posted in Economy, New Hampshire, Penn National, Slot routes | Comments Off on Playing with trouble

Caesars turns up heat on Crosby

Perhaps realizing that the previous version of its lawsuit against Massachusetts Gaming Commission Chairman Stephen Crosby was a dog that wouldn’t hunt, Caesars Entertainment has reloaded with an amended complaint. Now it says that Crosby urged Steve Wynn, when the … Continue reading

Posted in Colony Capital, Cordish Co., Economy, Florida, Harrah's, Massachusetts, Regulation, Steve Wynn | 1 Comment

Goa, Goa, Gone & other Case Bets

Officials in Goa, a former Portugese protectorate off the western coast of India are so worried about gambling that they’re barring locals from entering Goa’s casinos. Considering what a sorry bunch of hulks to the Goanese casino fleet is, the … Continue reading

Posted in Atlantic City, Harrah's, International, Mississippi | Comments Off on Goa, Goa, Gone & other Case Bets

Macao rules

Today’s big story is pretty obvious: The 19% year-over-year revenue growth of Macao, which posted $45 billion in gross gaming dollars. (2012’s increase was similarly dramatic.) Analysts offer a somewhat cloudy picture for next year. No, there will be no … Continue reading

Posted in Economy, Macau, Melco Crown Entertainment, MGM Mirage, Sheldon Adelson, Steve Wynn, Wall Street | Comments Off on Macao rules

Quote of the Day

“This is our Joe Camel moment … It could very well be the demise of our industry” — Las Vegas Sands Vice President of Government Affairs Andrew Abboud wringing his hands in opposition to Internet gambling at a recent congressional … Continue reading

Posted in Internet gambling, Politics, Sheldon Adelson | Comments Off on Quote of the Day

Test time in Massachusetts; Penn, PokerStars fight over scraps

Move over, Tolstoy: MGM Resorts International has submitted its formal application for a Massachusetts casino … and it’s 7,000 pages long. The Massachusetts Gaming Commission had better clear its calendar. But that’s nothing compared to 16,034-page Mohegan Tribal Gaming Authority … Continue reading

Posted in Atlantic City, CityCenter, Colony Capital, Hard Rock International, Harrah's, Massachusetts, MGM Mirage, Mohegan Sun, Penn National, Regulation, Steve Wynn, Tropicana Entertainment | Comments Off on Test time in Massachusetts; Penn, PokerStars fight over scraps

Nevada finishing year strong; Christie’s choler

With a little help from one extra weekend day, Nevada gross gaming revenues shot upward 12% statewide in November and 23% on the Strip. Baccarat players lost their shirts, with the house winning 94% more than the previous year. Less … Continue reading

Posted in Atlantic City, Boulder Strip, Cordish Co., Current, Downtown, Economy, Harrah's, Laughlin, Maryland, Massachusetts, MGM Mirage, North Las Vegas, Penn National, Regulation, Reno, Steve Wynn, The Strip, Tilman Fertitta, Trump Entertainment Resorts | 2 Comments

Britney: It sucks, bitch

A ways back, when Gary Loveman was all Q-crazy, I pointed out that the letter ‘X’ also carries a high Scrabble value. Little did I suspect that the Aladdin Theater for the Performing Arts would become “the AXIS.” Programming will … Continue reading

Posted in Architecture, Cosmopolitan, Entertainment, Harrah's, MGM Mirage, The Strip | 1 Comment

Quote of the Day

“Just about the only thing you can’t do anymore on the Internet is play poker.” — Rep. Joe Barton (R-TX).

Posted in Uncategorized | 1 Comment

Overexuberance in New Jersey, generosity in Maryland

New Jersey Gov. Chris Christie (R) is setting himself up for a fall with his blue-sky projections of Internet-gambling revenue. Eilers Research has projected that it will take two or three years for gambling revenue to reach $227 million … … Continue reading

Posted in Atlantic City, Economy, Goldman Sachs, Harrah's, history, Illinois, Internet gambling, Macau, Maryland, Massachusetts, Regulation, Slot routes, Taxes, The Mob, The Strip, Wall Street | Comments Off on Overexuberance in New Jersey, generosity in Maryland

Case Bets: Britney, Bally, Sheldon & O’Shea’s

Tonight’s a big night for Planet Hollywood, as it debuts its new, Britney Spears headliner show. However, judging from public disinterest in Spears’ recent TV special, Caesars Entertainment may be drawing to a weak hand. “Bally Technologies Inc. received some … Continue reading

Posted in Bally Technologies, Entertainment, Harrah's, Regulation, Sheldon Adelson, The Strip | Comments Off on Case Bets: Britney, Bally, Sheldon & O’Shea’s

Quote of the Day

“In Pennsylvania, as in every jurisdiction, there is a finite market for gaming products whether in bars, casinos, race tracks, online or hosted in a variety of locations by the lottery.  Every time more supply is added, the existing suppliers … Continue reading

Posted in Uncategorized | Comments Off on Quote of the Day

Optimism in Boston; Sands is #1

What are the chances that Suffolk Downs could become the most profitable casino in the Western Hemisphere? Not good, you’d think, but Mohegan Tribal Gaming Authority is willing to bet on it. If annual revenue reaches $1 billion, then Revere … Continue reading

Posted in Bally Technologies, Churchill Hill, Massachusetts, MGM Mirage, Mohegan Sun, New York, Reno, Sheldon Adelson, Steve Wynn, Taxes, Wall Street | Comments Off on Optimism in Boston; Sands is #1

Kentucky: Let’s try this again; The smell of money

There will be yet another push for casino gambling in the Kentucky Legislature, with hopes of getting a constitutional amendment on the 2014 ballot. The move has bipartisan sponsorship. Dan Seum (R) is carrying the ball in the state Senate … Continue reading

Posted in Architecture, Kentucky, Oklahoma, Racinos, Transportation, Tribal | Comments Off on Kentucky: Let’s try this again; The smell of money

Quote of the Day

“I think it’s the only place that’s going to have the Chicago Bears at one end and Beyonce at the other end, and an arena in both places. It’s a unique place — it’s not like Kansas City. It can … Continue reading

Posted in Entertainment, Sports, The Strip | 2 Comments

Merry Christmas to all …

And we were there! Miraculously, we were able to score fourth-row tickets to this very special TV taping at the Venetian (which went incognito on the TV telecast, masquerading as a Broadway theater). Kelly Clarkson is the cat’s pajamas.

Posted in Entertainment, TV | 1 Comment