Author Archives: David McKee

About David McKee

Bio

SkyFail

Posted on January 17, 2013 by David McKee

It’s time we reluctantly stuck a fork in Howard Bulloch‘s South Strip Ferris wheel, Skyvue. It’s besieged by liens and unpaid bills, which Bulloch is going to cover by — wait for it — borrowing still more money. The developer … Continue reading →

Posted in Current, Economy, Entertainment, Harrah's, The Strip, Tourism | 2 Comments

Quote of the Day

Posted on January 16, 2013 by David McKee

“This issue doesn’t affect us because really we don’t know anything about these investigations.” — Madrid Mayor Aña Botella, winning the Ostrich Award last summer by sticking her head in the, uh, sand with regard to scandal-plagued Las Vegas Sands … Continue reading →

Posted in International, Regulation, Sheldon Adelson | Comments Off on Quote of the Day

Palms: “It’s going down”

Posted on January 16, 2013 by David McKee

That’s what Lt. Castillo (the one, the only, the awesomeness that is Edward James Olmos) would say of the situation at Palms Casino Resort, which has spent the Joseph Magliarditi administration spiraling into disrepute. (Trouble at a Magliarditi-run casino? Shocking!) … Continue reading →

Posted in Current, Environment, Palms, Regulation, The Strip, TV, Wall Street | 1 Comment

Massachusetts … and then there were 11; End of the Colony Capital era?

Posted on January 16, 2013 by David McKee

“[W]ell-connected developer” — but so not well financed — David Nunes (below) just got his casino-application fee across the transom, meaning that there are 11 contestants vying for two casino licenses and a slot parlor in Massachusetts. A couple of … Continue reading →

Posted in Architecture, Atlantic City, Cordish Co., Harrah's, Internet gambling, Maryland, Massachusetts, Neil Bluhm, Pokergeddon, Racinos, Regulation, Steve Wynn, Taxes, Tribal | 1 Comment

Margaret Elardi … still here; One bullet dodged, another incoming

Posted on January 15, 2013 by David McKee

To hear the Los Angeles Times tell it, Margaret Elardi — crusty, superannuated, former owner of the Frontier — has called it a day over at Casino Royale. Now redubbed “Best Western Plus Casino Royale,” the small-but-splashy casino has a … Continue reading →

Posted in Dan Gilbert, Economy, Massachusetts, Regulation, The Strip | 6 Comments

What manner of idiot …

Posted on January 15, 2013 by David McKee

… keeps fountains running during a hard freeze? A Caesars Entertainment executive, who else? Never mind that pipes have been bursting all over the valley (including one at LVA HQ) and that Lake Tahoe casinos have experienced “severe water and … Continue reading →

Posted in Columbia Sussex, Cretins, Current, Environment, Harrah's, Lake Tahoe, The Strip, Tropicana Entertainment | 2 Comments

Trouble for riverboat gambling?

Posted on January 15, 2013 by David McKee

Sorry to sound apocalyptic, especially since we just dodged that Mayan Calendar bullet. However, a brand-new Supreme Court ruling is sure to get the attention of every company that owns a riverboat casino. By a 7-2 margin, the high court … Continue reading →

Posted in Current, Florida, Mississippi, Missouri, Pinnacle Entertainment, Regulation, Taxes | 2 Comments

Palms cops a plea

Posted on January 11, 2013 by David McKee

It’ll cost the Palms a cool $1 million and change to make problems with the Nevada Gaming Control Board go away quietly … unless the Nevada Gaming Commission decides a still-higher penalty should be exacted. (Unlikely, but possible.) According to … Continue reading →

Posted in Current, Entertainment, George Maloof, Regulation, Wall Street | 2 Comments

Hollywood, we have a problem; The Marrandino mystery

Posted on January 11, 2013 by David McKee

Ohio casinos had a below-average December, although the blow was softened by table hold of — YEOW! — 23%. That’s borderline-astronomical compared to Las Vegas averages for 2004-2011 period. It’ll help make up for slot revenues that suggest, with six … Continue reading →

Posted in Atlantic City, Boyd Gaming, Cordish Co., Current, Dan Gilbert, Economy, Harrah's, Horseracing, Maryland, MTR Gaming, Ohio, Penn National, Racinos, Regulation, Wall Street | 3 Comments

November in Vegas: The house lost; Players jilt Caesars in A.C.

Posted on January 10, 2013 by David McKee

There’s no other way of saying it (although many are trying). Strip casinos got their clocks cleaned in November as Lady Luck favored the punters, not the house. A 13% dropoff on the Strip was driven by a perfect storm … Continue reading →

Posted in Atlantic City, Bally Technologies, Boulder Strip, Boyd Gaming, Colony Capital, Current, Donald Trump, Downtown, Economy, Harrah's, Lake Tahoe, Laughlin, North Las Vegas, Revel, Station Casinos, The Strip, Tourism, Tribal, Tropicana Entertainment, Wall Street | 5 Comments

Pinnacle makes pricey Atlantic City exit; Fertitta’s Downtown mess

Posted on January 9, 2013 by David McKee

A Wall Street Journal story from yesterday evening reports that Pinnacle Entertainment has found a buyer for its 19 acres of Boardwalk land. These were cobbled together at huge cost — $270 million or $14 million an acre — by … Continue reading →

Posted in Atlantic City, Carl Icahn, Current, Dan Lee, Donald Trump, Downtown, Economy, Environment, Pinnacle Entertainment, Regulation, Tilman Fertitta | 3 Comments

MGM Cotai clears final barrier; devil in the Maryland details

Posted on January 9, 2013 by David McKee

Although the government of Macao enjoys nothing better than to make casino owners wait and fidget for their land leases to be “gazetted,” today is MGM Resorts International‘s lucky day. MGM China received final approval for its Cotai Strip megaresort. … Continue reading →

Posted in Boyd Gaming, California, Current, Macau, Marketing, Maryland, Melco Crown Entertainment, MGM Mirage, Penn National, Politics, Regulation, Sheldon Adelson, Stanley Ho, Station Casinos, Steve Wynn, Tourism, Transportation, Tribal, TV, Wall Street | Comments Off on MGM Cotai clears final barrier; devil in the Maryland details

New blog in town

Posted on January 8, 2013 by David McKee

It looks like S&G will have some competition in the leave-no-word-unminced department: Former Las Vegas Review-Journal Business Editor Doug Puppel has created Vegas WTF (test version). If you want to read about jailed high rollers and violence on the Strip, … Continue reading →

Posted in Current, Entertainment, Sports, The Strip | 1 Comment

Revel: Slow learning curve ahead; Sheldon spanked in Singapore

Posted on January 8, 2013 by David McKee

By the time Revel CEO Kevin DeSanctis realizes he’s made a mistake, he’s almost always past the point of no return. Although it is my deeply rooted opinion that smoking is a noxious, disgusting habit that invades other people’s space, … Continue reading →

Posted in Atlantic City, Cordish Co., Current, Economy, Environment, Genting, International, Maine, Marketing, Maryland, Penn National, Problem gambling, Racinos, Regulation, Revel, Sheldon Adelson, Singapore, Wall Street | Comments Off on Revel: Slow learning curve ahead; Sheldon spanked in Singapore

Exit Fahrenkopf, enter … ?

Posted on January 7, 2013 by David McKee

After a long (17 years) and eventful tenure at the top of the American Gaming Association, President Frank J. Fahrenkopf is calling it a day. On June 30, he hands over the reins to a successor as yet to be … Continue reading →

Posted in Atlantic City, Australia, Boyd Gaming, Current, Florida, G2E, Internet gambling, Mississippi, Pennsylvania, Politics, Sheldon Adelson, Tribal | 2 Comments

Blood on the Boardwalk: Marrandino out

Posted on January 6, 2013 by David McKee

You can practically hear the wind whistling through the corridors of power as top execs continue to jump — or are flung — from the sinking Caesars Entertainment ship. First, CFO Jonathan Halkyard up and quits, in favor of the … Continue reading →

Posted in Atlantic City, CityCenter, Current, Florida, Harrah's, Maryland, Massachusetts, MGM Mirage, Regulation, Revel, The Strip | 7 Comments

Quote of the Day

Posted on January 2, 2013 by David McKee

“The White House sent [Sen. Harry] Reid a list of suggested concessions … Reid looked over the concessions the administration wanted to offer, crumpled up the paper and tossed it into his fireplace … Reid frequently keeps his fire going … Continue reading →

Posted in Current, Harry Reid | 11 Comments

CityCenter’s clearance sale; Ameristar’s secret admirer

Posted on December 27, 2012 by David McKee

After a long, abyssal plunge, Las Vegas‘ real estate market has bottomed out — or so knowledgeable people tell me. Seems that the banks ’round here ignored Mitt Romney‘s (bad) advice to dump the “shadow inventory” en masse into the … Continue reading →

Posted in Ameristar, CityCenter, Current, Donald Trump, Economy, Election, Harrah's, Illinois, Louisiana, Massachusetts, MGM Mirage, Missouri, Penn National, Pinnacle Entertainment, Sheldon Adelson, The Strip, Wall Street | Comments Off on CityCenter’s clearance sale; Ameristar’s secret admirer

PNK piquing little interest; B.S. walks

Posted on December 26, 2012 by David McKee

‘Twas the day after Christmas and all through the house, shareholders were beginning to cool on the value of Ameristar Casinos stock. It closed ever so slightly down from Pinnacle Entertainment‘s $26.50/share offer price. Perhaps I was wrong and $869 … Continue reading →

Posted in Ameristar, Boyd Gaming, California, Current, Goldman Sachs, Hard Rock Hotel, Harrah's, Illinois, Isle of Capri, Louisiana, Missouri, Penn National, Pinnacle Entertainment, Plaza, Regulation, Sahara, Sheldon Adelson, Sports, The Strip, Wall Street, Warner Gaming | 1 Comment

A Christmas wish list …

Posted on December 24, 2012 by David McKee

For those of us who missed it this year, the best Christmas tradition of which I know. First and most importantly … To you, the reader, who makes this possible, a year of happiness, health and wealth, whether material, intellectual … Continue reading →

Posted in Architecture, Atlantic City, Boyd Gaming, Carl Icahn, Cirque du Soleil, CityCenter, Cosmopolitan, Current, Dan Gilbert, Don Barden, Donald Trump, Entertainment, Fontainebleau, Harrah's, IGT, Illinois, Kansas, Massachusetts, MGM Mirage, Neil Bluhm, Penn National, Pennsylvania, Pinnacle Entertainment, Regulation, Revel, Sahara, Sheldon Adelson, Sports, Station Casinos, Steve Wynn, Tamares Group, Tilman Fertitta, Tropicana Entertainment, TV, Wayne F. Newton | 5 Comments