Author Archives: David McKee

About David McKee

Bio

No cannibalization in K.C.!; Nebraska: Phhhhhttt!

February numbers are in for Hollywood Casino at Kansas Speedway and it lifted the entire K.C. market 24%, grossing $15 million in 26 days. Once the Hollywood effect is sifted out of monthly revenues, all other casinos were down only … Continue reading

Posted in Ameristar, Current, Harrah's, Horseracing, Isle of Capri, Kansas, Missouri, Nebraska, New York, Ohio, Penn National, Pennsylvania, Politics, Racinos, Regulation, Wall Street | Comments Off on No cannibalization in K.C.!; Nebraska: Phhhhhttt!

Quote of the Day

“It’s got some casinos but it’s pretty dirty … It was what it was.” — Laughlin, as described by a spectator at Saturday’s Texas Rangers/Chicago Cubs game at Cashman Field. (The Rangers vaporized the Cub bullpen, which surrendered 11 runs … Continue reading

Posted in Baseball, Laughlin | 1 Comment

One born every minute

Wall Street‘s appetite for risk knows no bounds. True, year-end numbers from MGM Resorts International contain cause for confidence, including 8% higher domestic gambling revenue and 10% improved room revenues. However, MGM’s still sitting atop a $13.5 billion powder keg … Continue reading

Posted in CityCenter, Culinary Union, Current, Dubai, G2E, Harrah's, Macau, Maryland, Massachusetts, MGM Mirage, Politics, Racinos, Taxes, Wall Street | Comments Off on One born every minute

End of an era; Butera: Down is the new up

Bunny blues. Given the travails affecting Hugh Hefner‘s eroding PEI empire — including a recent abandonment of its Chicago offices and spinoff of its Cyber Club — it was only a matter of very little time before the Palms’ franchised … Continue reading

Posted in Current, Entertainment, George Maloof, International, Marketing, Massachusetts, Rhode Island, The Strip, Tribal, Wall Street | Comments Off on End of an era; Butera: Down is the new up

Penn and Pennsylvania; Trop’s big screwup; Louisiana’s big month

A racetrack isn’t something you just pick up and relocate. However, Penn National Gaming has been given the go-ahead by the State of Ohio to “move” its Beulah Park and Raceway Park to, respectively, Youngstown and Dayton. They are presently … Continue reading

Posted in Atlantic City, Boyd Gaming, Cannery Casino Resorts, Columbia Sussex, Current, Dan Lee, Harrah's, Isle of Capri, Louisiana, Neil Bluhm, Ohio, Penn National, Pennsylvania, Pinnacle Entertainment, Racinos, Regulation, Sheldon Adelson, Tribal, Tropicana Entertainment, Wall Street | 1 Comment

Dan Lee calls it quits; Who let Big Dawg’s out?

Having seen the handwriting on the wall, Dan Lee has sold his Creative Casinos of Louisiana to regional rival Ameristar Casinos for a measly $32.5 million. Bankers were having difficulty computing Lee + Lake Charles = Mojito Pointe. Financing prospects … Continue reading

Posted in Ameristar, Current, Dan Lee, Economy, Georgia, Internet gambling, Iowa, Louisiana, Marketing, Massachusetts, MGM Mirage, Pinnacle Entertainment, Politics, Regulation, Wall Street | 4 Comments

Rio: The big gundown; CityCenter: The big showdown

While Caesars Entertainment struggles to rid itself of dilapidated The Rio, it’s attracted another problem that will diminish its “curb appeal.” A gang-related gun battle erupted in the wee hours of Sunday morning atop The Rio’s parking garage. At least … Continue reading

Posted in Alabama, Architecture, CityCenter, Current, Harrah's, MGM Mirage, The Mob, The Strip, Tribal | 3 Comments

Putting the best and worst foot forward

After months of confidentiality agreements and other top-hush nonsense, it’s official: Fitzgeralds Casino Hotel in downtown Las Vegas will become the D. Now, I can’t think that — let alone type it — without recalling the Family Guy episode in … Continue reading

Posted in Alex Yemenidjian, Derek Stevens, Dining, Don Barden, Downtown, Entertainment, Harrah's, Riviera, Sheldon Adelson, Tamares Group, Technology, The Strip, Tourism, TV | 2 Comments

Quote of the Day

“Whether it’s Paris Hilton or Kim Kardashian or whoever, stupidity is certainly celebrated. Being a fucking idiot is a valuable commodity in this culture because you’re rewarded significantly.” — Jon Hamm, star of Mad Men (returns March 25!) on the … Continue reading

Posted in Donald Trump, Entertainment, TV | 3 Comments

Ask Andy!

Now I know you guys have a high level of interest in — and affection for — the Riviera. How about if I told you that I’ll be interviewing Riv President Andy Choy tomorrow morning? And that he’s agreed to … Continue reading

Posted in Current, Riviera, The Strip | 15 Comments

Gambling makes strange bedfellows; Two kinds of Trop trouble

Earlier today, we witnessed the strange spectacle of a capitalist decrying the effect of market forces upon his business. It’s an indirect reminder that casinos are that rare issue which brings together the old maids of the far left and … Continue reading

Posted in Alex Yemenidjian, Atlantic City, Carl Icahn, Current, Economy, Election, Entertainment, Laughlin, Pennsylvania, Sheldon Adelson, Steve Wynn, The Strip, Tropicana Entertainment, TV | 1 Comment

Atlantic City: Low prices and high dudgeon

That shriek of dismay you hear from the direction of Atlantic City is the screech of hotelier Curtis Bashaw (left). What is the cause of his umbrage? The discovery that a hotel room in A.C. can be had for as … Continue reading

Posted in Atlantic City, Boyd Gaming, Colony Capital, Current, Dennis Gomes, Donald Trump, Economy, Genting, Harrah's, New York, Pennsylvania, Tilman Fertitta, Tourism, Transportation, Tropicana Entertainment | 9 Comments

Quote of the Day

“Research suggests that the more [Mitt] Romney tries to not talk about his wealth, the more likely he is to do just that. The human mind is perversely drawn to fixate upon the subjects we most want to avoid, especially … Continue reading

Posted in Baseball, Don Barden, Downtown, Election | 2 Comments

R.I.P., Dennis Gomes; Casino avalanche in Michigan; Life after UIGEA

There are few real characters in the casino industry anymore. Dennis Gomes (1944-2012) was one of them. His recent death put a premature “full stop” on one of the most colorful and wide-ranging careers gaming has seen. After all, how … Continue reading

Posted in Atlantic City, Colony Capital, Dennis Gomes, Detroit, Donald Trump, Economy, Election, Harrah's, history, Illinois, International, Internet gambling, Marketing, MGM Mirage, Movies, Ohio, Penn National, Pokergeddon, Politics, Problem gambling, Regulation, The Mob, The Strip, Tribal | Comments Off on R.I.P., Dennis Gomes; Casino avalanche in Michigan; Life after UIGEA

Wynn vs. Okada: Shooting the messenger; Ship of fools

Stung by accusations from Wynn Resorts that erstwhile Shareholder #1 Kazuo Okada had been greasing palms at PAGCOR, prompt action was taken by the Philippines House Committee on Games & Amusements. It promptly banned … Steve Wynn. This comical, “circle … Continue reading

Posted in Ameristar, Bally Technologies, Carl Icahn, Columbia Sussex, Harrah's, International, Macau, Massachusetts, MGM Mirage, Mississippi, Penn National, Regulation, Singapore, Steve Wynn, Tribal, Tropicana Entertainment, Wall Street | 2 Comments

The whales of January; Shrinking Hooters

Baccarat win on the Las Vegas Strip began the year heavy ($194 million) and dramatic, up 199% from 2011. The whales were back in force, dropping 163% more than the previous January, putting $1.6 billion in play. An early Chinese … Continue reading

Posted in Boulder Strip, Boyd Gaming, California, Current, Downtown, Economy, Entertainment, Hooters, Lake Tahoe, Laughlin, Movies, North Las Vegas, Reno, Tribal, Wall Street | 2 Comments

Vegas gets its groove back; “Zarkana” comes to Aria

In terms of quantity, quality and proximity, the Los Angeles Times is the closest thing Las Vegas has to a major metropolitan daily. (Hell, the Sacramento Bee puts the Las Vegas Review-Journal to shame.) Indeed, the LAT treats Sin City … Continue reading

Posted in Animals, Architecture, Arizona, Boyd Gaming, California, Cirque du Soleil, CityCenter, Cosmopolitan, Dining, Donald Trump, Downtown, Entertainment, Harrah's, history, Macau, MGM Mirage, Movies, Phil Ruffin, Sheldon Adelson, Steve Wynn, Tamares Group, The Strip, Tourism | Comments Off on Vegas gets its groove back; “Zarkana” comes to Aria

Gaughan expands empire … and sundry other Case Bets

Having already taken charge of the hotel operations of the JW Marriott Las Vegas Resort & Spa (for historical purposes, best known as The Resort at Summerlin) last summer, Michael Gaughan Jr. will now extend his operational control to its … Continue reading

Posted in Current, Dining, Entertainment, Georgia, Harrah's, International, Macau, MGM Mirage, Michael Gaughan, Ohio, Penn National, Racinos, Regulation, Sheldon Adelson, Singapore, Steve Wynn, Tourism | Comments Off on Gaughan expands empire … and sundry other Case Bets

Adelson to sign “Mormon”? What is “theD”?

Las Vegas‘ new performing arts palace, The Smith Center, has opened coveted the Broadway hit, The Book of Mormon. However, a heavyweight competitor could snatch Mormon from under Smith CEO Myron Martin‘s nose. Rumor has Las Vegas Sands in the … Continue reading

Posted in Current, Downtown, Entertainment, Harrah's, history, MGM Mirage, Sheldon Adelson, Sports, The Strip | 10 Comments

Biloxi: Isle out, Landry’s in; Grind joints come to Atlantic City

Not even a rocky start in Atlantic City has cooled the ardor of Landry’s Restaurant CEO Tilman Fertitta for new casino acquisitions. Earlier today Landry’s announced that it had bought Isle Casino Hotel, putting Fertitta into the Biloxi market. The … Continue reading

Posted in Atlantic City, Boyd Gaming, Colony Capital, Current, Downtown, Isle of Capri, Marketing, Massachusetts, Pennsylvania, Singapore, Steve Wynn, Tilman Fertitta, Wall Street | 2 Comments