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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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Author Archives: David McKee
St. Louis: Penn in, Harrah’s out
A ways back, the news broke that Caesars Entertainment — being well and truly on its uppers — was trying to shop as many as 10 Southern and Midwest casinos. The goal was to raise at least $500 million to … Continue reading
Posted in Ameristar, Atlantic City, Current, Election, Florida, Harrah's, Illinois, International, Iowa, Marketing, Maryland, Massachusetts, MGM Mirage, Mississippi, Missouri, Ohio, Penn National, Pinnacle Entertainment, Politics, Racinos, Regulation, Steve Wynn, Taxes, The Strip, Tribal, Wall Street
4 Comments
Steve Wynn’s better half
In the unlikely event that Steve Wynn is abducted by aliens and thrown into a Chinese political prison, Wynn Resorts need look no farther than ex-wife Elaine Wynn for continuity of vision. (And, make no mistake, there isn’t a discernible … Continue reading
Posted in Architecture, Election, Encore, Fontainebleau, history, Sheldon Adelson, Steve Wynn, The Strip
3 Comments
Quote of the Day
“What’s wrong with the prescription of spending cuts as the remedy for Europe’s ills? One answer is that the confidence fairy doesn’t exist — that is, claims that slashing government spending would somehow encourage consumers and businesses to spend more … Continue reading
Posted in Current, Economy, International
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Lies, damned lies and Illinois statistics; SJM: Still hanging in there
If state Rep. Lou Lang (D), the economic Rasputin of the upper Midwest, and his allies in the horsey set were actually conspiring to topple Illinois‘ casino industry in favor of quick-and-dirty racinos, they’ve done it cunningly. Frontal attacks on … Continue reading
Posted in Atlantic City, Boyd Gaming, Current, Economy, Harrah's, Horseracing, Illinois, Indiana, Iowa, Macau, MGM Mirage, Missouri, Neil Bluhm, Penn National, Politics, Racinos, Slot routes, Stanley Ho, Wall Street
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Quote of the Day
“The delicatessen down the street is going to go out of business. The nightclub around the corner is going to go out of business. Don’t have any illusions about that.” — former New Jersey Casino Control Commission Chairman Steven Perskie, … Continue reading
Posted in Atlantic City, Economy, Massachusetts, Regulation
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Sahara: Devils in the details; Does your mother know?
Barbara De Lollis had better re-cork the champagne. Wall Street Journal coverage of Sam Nazarian‘s much-hyped, $300 million Sahara loan raises grave doubts about the viability of the project, budgeted at $415 million. According to Pulitzer Prize-winning reporter Alexandra Berzon, … Continue reading
Posted in Boyd Gaming, California, CityCenter, Colony Capital, Cordish Co., Current, Economy, Georgia, Harrah's, Harry Reid, International, Maryland, MGM Mirage, Michael Gaughan, Penn National, Phil Ruffin, Planet Hollywood, Sahara, Sheldon Adelson, Station Casinos, Steve Wynn, Tourism, TV, Wall Street
2 Comments
People’s Republic of Steve; Sahara Sam’s big score
Although I was only joking when I suggested that Steve Wynn‘s long-sought Cotai Strip land grant would come in on May Day, some Communist Party bureaucrat wasn’t. After many false alarms, the 51 acres were finally ‘gazetted’ on May 1. … Continue reading
U.S.S. Adelson lost at sea
Sheldon Adelson‘s presidential campaign officially sank today. It was preceded to Davey Jones’ Locker by $21.5 million in Adelson family money (or $10.75 million per primary victory). It’s been a brief voyage but one revelatory of Sheldon’s inner workings. For … Continue reading
Posted in Alex Yemenidjian, Current, Election, Entertainment, Florida, Internet gambling, Macau, Politics, Sheldon Adelson, Singapore, TV
5 Comments
A blast from the past
In one of history’s curious quirks, a battle in New York probate court involves a fortune that was partly made right here in Las Vegas. A pair of clarifications are in order. The late Huguette Clark (left) has 50 blood … Continue reading
A good start …
Now if only they’d kept on going to the right and taken out Imperial Palace while they were at it.
The biggest losers; The Facebook factor
There’s a new power player in gaming and it’s … Brookfield Asset Management? The Canadian lender is already calling the shots (along with Warner Gaming) at the Hard Rock Hotel & Casino, a $1.5 billion quagmire into which Morgans Hotel … Continue reading
New York State of mind; Atlantic City peace of mind; O’Shea’s, a piece of …
If the question of casino expansion were put to Empire State voters this November, the outcome would probably be adverse. That’s the conclusion of a Benenson Group survey. If the fact that Benenson is President Barack Obama‘s pollster of preference … Continue reading
Posted in Election, Entertainment, Genting, Harrah's, Internet gambling, MGM Mirage, Midnight Jim Gibbons, New York, Politics, Racinos, Regulation, Sheldon Adelson, Taxes, Technology, The Strip, Tourism
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Quote of the Day
“The U.S. senators and representatives who refuse even to consider raising taxes on the rich—they squall like scalded babies (usually on Fox News) every time the subject comes up—are not, by and large, superrich themselves, although many are millionaires … … Continue reading
Posted in Sheldon Adelson, Taxes, TV
1 Comment
Polished Nugget, burnished Wynn
In what might be called The Era of Deferred Maintenance, Landry’s Restaurants CEO Tilman Fertitta still believes in spending money to make money. That’s why he poured $150 million into the former Trump Marina and, consequently, the Golden Nugget Atlantic … Continue reading
Get over it, Vegas; Fat City
Some local businessmen busted out the crying towels last weekend and threw themselves a pity party in the pages of the Los Angeles Times. Now, the wipeout of the Las Vegas economy is — or should be — old news … Continue reading
Posted in Architecture, Atlantic City, CityCenter, Cosmopolitan, Dining, Economy, Encore, Environment, MGM Mirage, Politics, Sheldon Adelson, Steve Wynn, Taxes, The Strip, Tourism
4 Comments
Quote of the Day
“Opinion has become the new truth. And many people who already have opinions see in the ‘news’ an affirmation of the opinion they already had, and that confirms their opinion as fact.” — New York University English professor Mary Poovey, … Continue reading
Posted in Current
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Big Brother is triangulating you; Dark days for LVH, Riv; Pinnacle’s Lone Star play
Just to make sure you’re not piggybacking onto its mobile-gambling systems, Cantor Gaming is partnering with Locaid to provide “geo-fencing” for its pocket casinos, which can now be played damn near anywhere on a casino property. (The real endgame, however, … Continue reading
Wall Street to Boyd: “Bleah!”; Blood & Gore
It was a thankless day for Boyd Gaming: It exceeded Wall Street‘s expectations for 1Q12 and stock analysts yawned in the company’s face. Wrote Deutsche Bank‘s Carlo Santarelli, “the fundamental setup … remains tough,” due to a highly competitive locals … Continue reading
Posted in Atlantic City, Boyd Gaming, Current, Dennis Gomes, Downtown, Economy, Goldman Sachs, Harrah's, Louisiana, Mississippi, Pinnacle Entertainment, Racinos, Regulation, Station Casinos, Wall Street
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MGM: Riding the crazy train; Rendering unto Caesars
If somebody loaned you a few hundred million, unsecured, you want to come to Las Vegas and lay some big wagers, right? MGM Resorts International has been there, done that. So it’s looking elsewhere to place its bets. And why … Continue reading
Posted in Ameristar, Atlantic City, CityCenter, Donald Trump, Economy, Florida, Genting, Harrah's, International, M Resort, Massachusetts, MGM Mirage, New York, Penn National, Singapore, Taxes, The Strip, Tourism, Tribal, TV, Wall Street
3 Comments