Author Archives: David McKee

About David McKee

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Quote of the Day

Posted on February 18, 2011 by David McKee

“The problem with Stanley Ho is that he thought he is eternal. Nobody is eternal.” — Macao Gaming Inspection & Coordination Bureau Director Manuel Joaquim das Neves. Daughter — and MGM Resorts International joint-venture partner — Pansy Ho appears to … Continue reading →

Posted in Current, Macau, MGM Mirage, Pansy Ho, Regulation, Stanley Ho | 1 Comment

Gary Loveman, not so visionary

Posted on February 18, 2011 by David McKee

Here’s a hypothesis for why the lenders holding the note on Colony Capital‘s underwater (more like submerged in Davey Jones’ Locker), market-lagging Atlantic City Hilton believe they can get as much as $75 million for the old place. If state … Continue reading →

Posted in Alabama, Atlantic City, Colony Capital, Harrah's, Harry Reid, Internet gambling, Politics, Regulation, Sheldon Adelson, Technology | 7 Comments

Dan Lee’s revenge & comeuppance for Penn in Louisiana

Posted on February 17, 2011 by David McKee

While the casino industry suffers no shortage of big egos, Penn National Gaming CEO Peter Carlino zooms past that, heading full speed toward arrogance. When not trying to use the political process to sandbag its competitors, Penn occasionally builds casinos. … Continue reading →

Posted in Atlantic City, Current, Dan Lee, Economy, Kansas, Louisiana, M Resort, Missouri, Ohio, Penn National, Pinnacle Entertainment, Regulation, Texas, Wall Street | 9 Comments

Sheldon Adelson, Man of La Mancha

Posted on February 17, 2011 by David McKee

Life’s being pretty good these days to Las Vegas Sands, thanks in part to better-than-expected convention traffic at Marina Bay Sands (offsetting tepid meeting/expo biz in Macao). In addition to eyeballing Florida, Texas, Massachusetts and Japan, CEO Sheldon Adelson has … Continue reading →

Posted in Alex Yemenidjian, Atlantic City, Current, Downtown, Economy, Florida, Genting, International, Macau, Massachusetts, Oscar Goodman, Pennsylvania, Regulation, Sheldon Adelson, Singapore, Texas, The Strip, Tourism, TV | 2 Comments

Quote of the Day

Posted on February 17, 2011 by David McKee

“[Y]esterday Celine Dion showed up and Vegas groveled at her feet. When she first came here in 2003, people wondered about her ability to sell tickets at prices that sailed as high as her irritating voice. Now she is a … Continue reading →

Posted in Current, Economy, Entertainment, Harrah's, Ohio, The Strip | Comments Off on Quote of the Day

Philadelphia’s cup runneth under

Posted on February 16, 2011 by David McKee

Returning to yesterday’s theme of exaggerated expectations of gaming revenues (decanted by casino operators, quaffed uncritically by politicians) we have a glass half-full/half-empty report from Pennsylvania. The salient statistic is that, once five-month-old SugarHouse (left) is factored out, slot revenues … Continue reading →

Posted in Architecture, Cordish Co., Current, Economy, Harrah's, Macau, Maryland, Neil Bluhm, Ohio, Penn National, Pennsylvania, Politics, Racinos, Regulation, Sheldon Adelson, Steve Wynn, Tribal | 3 Comments

Quote of the Day

Posted on February 16, 2011 by David McKee

“Vegas is a different market. You can get a room in the finest hotels on the Strip for Holiday Inn Express prices. That’s why Sheldon Adelson is stomping his feet. The restaurants are not making their lease payments either. The convention … Continue reading →

Posted in Current, Dining, Economy, Entertainment, Marketing, Sheldon Adelson, The Strip | 1 Comment

Marina: Trump out, Tilman in

Posted on February 15, 2011 by David McKee

Our long national nightmare is over. Trump Entertainment Resorts has finally unloaded that pariah known as Trump Marina and for a pittance: $38 million. Just when it looked like Trump couldn’t give the place away, Landry’s Restaurants CEO Tilman Fertitta … Continue reading →

Posted in Atlantic City, Boyd Gaming, Colony Capital, Current, Donald Trump, Economy, Harrah's, Regulation | 3 Comments

Las Vegas Sands: Who’s minding the store?

Posted on February 15, 2011 by David McKee

Investors would do well to ask that, not least because of CEO Sheldon Adelson‘s attitude of, ‘The buck stops here … except when it doesn’t.’ To hear Adelson tell it, everything that goes awry at Las Vegas Sands and Sands … Continue reading →

Posted in Cirque du Soleil, Current, Genting, James Packer, Lawrence Ho, Macau, Marketing, Melco Crown Entertainment, MGM Mirage, Pansy Ho, Politics, Regulation, Sheldon Adelson, Singapore, Sports, Stanley Ho, Station Casinos, Steve Wynn, Technology, The Mob, Tourism, Wall Street | Comments Off on Las Vegas Sands: Who’s minding the store?

Gary Loveman … visionary?

Posted on February 15, 2011 by David McKee

At the risk of pumping additional hydrogen into his already zeppelin-sized ego, allow me to suggest that Caesars Entertainment CEO Gary Loveman, PhD. is actually onto something. But first would somebody clue him in that there has been casino gambling … Continue reading →

Posted in Architecture, Current, Economy, Entertainment, Florida, G2E, Harrah's, Jack Binion, Marketing, Neil Bluhm, Ohio, Penn National, Pennsylvania, Sheldon Adelson, Slot routes, Taxes, The Mob, The Strip, Tourism, Tropicana Entertainment, Wall Street | 2 Comments

Plaudits for Navegante; The great Hard Rock caper that wasn’t

Posted on February 15, 2011 by David McKee

A frequent Hard Rock Hotel & Casino player, for one, is happy to know that Navegante Group is waiting in the wings to take the reins should Morgans Hotel Group continue to falter. (The owners of the HRH have until … Continue reading →

Posted in Colorado, Current, Golden Gaming, International, Marketing, Michael Gaughan, New York, Regulation, Sheldon Adelson, The Strip | 2 Comments

Quote of the Day

Posted on February 14, 2011 by David McKee

“We can debate whether Iraq now is in better shape than Egypt, but what is not debatable is David Brooks‘s assertion that Saddam [Hussein] would shoot anyone who dared protest in public, or in private, for that matter. He was … Continue reading →

Posted in Current, Internet gambling, Sheldon Adelson | 1 Comment

Caesars too good for Cincy

Posted on February 11, 2011 by David McKee

Congratulations, Cincinnati, you’re getting a Horshoe-branded casino. Yup, the relatively low-key casino planned for the Queen City’s historic district is getting the most down-market of the company’s three brands. This despite the fact that there’s already a Horseshoe casino just … Continue reading →

Posted in Atlantic City, Current, Economy, Harrah's, Indiana, International, Louisiana, Marketing, Neil Bluhm, Pennsylvania, Racinos | 15 Comments

Quote of the Day

Posted on February 11, 2011 by David McKee

“I don’t suppose it’s occured [sic] to the smart crowd at MGM that luxury resort complexes designed for the ultra-wealthy in Egypt are exactly what the impoverished masses rebelling against [Hosni] Mubarak are against.” — “RussBBinVegas“, commenting on the Las … Continue reading →

Posted in Current, Economy, Genting, Harrah's, International, MGM Mirage | Comments Off on Quote of the Day

How to save $10

Posted on February 11, 2011 by David McKee

Anyone besides me remember Foster Brooks? Nothing reminds me of him so much as Jeff Bridges‘ unintelligible reinterpretation of Rooster Cogburn in True Grit, the main difference being that Brooks is far easier to understand. Seriously, just watch two hours … Continue reading →

Posted in Entertainment, history, Movies, TV | 5 Comments

There’s a new(ish) resort in town

Posted on February 11, 2011 by David McKee

Dolce Hotels & Resorts, a small (27-property) hotelier, is trying to make a go of it out at the Kingdom of Make-Believe (aka Lake Las Vegas). A symbol of the hollow “prosperity” of the pre-crash years, Lake Las Vegas is … Continue reading →

Posted in Current, Economy, Lake Las Vegas | 2 Comments

Kyl: He’s outta there

Posted on February 10, 2011 by David McKee

Gaming executives may not be popping champagne corks at the news that Sen. Jon Kyl (R-AZ) is joining a mass exodus of incumbents prior to the 2012 election. However, they’re undoubtedly happy to be rid of a longtime thorn in … Continue reading →

Posted in Current, Harry Reid, Internet gambling, Politics | 1 Comment

Quote of the Day

Posted on February 10, 2011 by David McKee

“Our job is to constantly refresh the notion that we are humble, proud and grateful to be allowed to be part of that scene, and the way to do that in China is to take good care of your employees.” … Continue reading →

Posted in Current, Dining, Entertainment, Harrah's, Macau, Politics, Steve Wynn, The Strip | Comments Off on Quote of the Day

Have you seen this man?

Posted on February 10, 2011 by David McKee

That guy, the fourth goombah from the left. That’s Milton Jaffe, onetime managing director of the Stardust and someone whose dusty trail I’m trying to retrace for LVA.com’s “Question of the Day.” (Second from the left is Joe DiMaggio and … Continue reading →

Posted in CityCenter, Current, Entertainment, Harrah's, history, MGM Mirage, Silverton, Sports, The Mob, The Strip | 3 Comments

A different Bellagio

Posted on February 9, 2011 by David McKee

“Moderation’s the first step on the role to failure,” says Jack Lord‘s character, sounding not unlike Steve Wynn himself in this excerpt from the third and (alas!) final season of Twelve O’Clock High.

Posted in Steve Wynn, TV | Comments Off on A different Bellagio