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- 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
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Author Archives: David McKee
Cosmopolitan: Towers of Babel
It’s here and it’s a sensory overload. If the severe CityCenter six-pack is a convent of Carmelite nuns, The Cosmopolitan of Las Vegas is a drag queen. It’s unstintingly flamboyant, often fabulous, unremittingly outrageous and campy as all get-out. On … Continue reading
Posted in Architecture, CityCenter, Cosmopolitan, Current, Dining, Entertainment, Fontainebleau, IGT, LVCVA, MGM Mirage, Movies, Sheldon Adelson, Steve Wynn, Technology, The Strip, Tourism
8 Comments
Ameristar: No Sale; Bad news for Caesars
It’s back to business as usual for Ameristar Casinos, whose board decided “a sale is not in the best interests of the Company and its stockholders at this time.” Which is a nice way of saying there’s no bidding war … Continue reading
Posted in Ameristar, Boyd Gaming, Economy, Harrah's, Iowa, Kansas, Macau, MGM Mirage, Pansy Ho, Penn National, Regulation, Sheldon Adelson, Stanley Ho, Station Casinos, Steve Wynn, Wall Street
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D-Day for Philadelphia
Investors in the stymied Foxwoods Philadelphia riverfront casino project have a date with the Pennsylvania Gaming Control Board on Thursday. That’s where they’ll make their last-ditch pitch to retain custody of the project. State legislators and other officials have voiced … Continue reading
Posted in Cosmopolitan, Current, Donald Trump, Economy, Harrah's, LVCVA, Marketing, MGM Mirage, Pennsylvania, Regulation, Steve Wynn, The Strip, Tourism, Tribal, Vdara Death Ray
1 Comment
Quote of the Day
“Certainly Vegas interests will be well served by this, but this is first and foremost a consumer protection issue and an opportunity for job creation and revenue for governments. If lawmakers believe the status quo is acceptable, they’re not facing … Continue reading
Posted in Current, Internet gambling, Politics, Regulation, Taxes
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Atlantic City’s future: “Bleak”
Such is the prognosis from J.P. Morgan analyst Joseph Greff after the November revenues rolled in from the Boardwalk. Basically, the double-edged sword that was table games in Pennsylvania and a casino in Philadelphia has swung, and lopped 12.5% off … Continue reading
Posted in Alaska, Atlantic City, Boyd Gaming, Carl Icahn, Colony Capital, Cretins, Current, Dennis Gomes, Donald Trump, Economy, Entertainment, Harrah's, Marketing, Morgans Hotel Group, Movies, Neil Bluhm, Pennsylvania, The Strip, Tilman Fertitta, Tourism, Tribal, Tropicana Entertainment, TV, Wall Street
1 Comment
Case Bets: Caliendo, ColSux & Sixty Votes’ latest
After 14 months on the job as Monte Carlo‘s resident headliner, Frank Caliendo is calling it quits, effective some time next spring. The impressionist and Fox Sports regular cited having to spend time away from his family and the rigors … Continue reading
Posted in Columbia Sussex, Current, Economy, Election, Entertainment, history, Kentucky, Lake Tahoe, MGM Mirage, Politics, Sahara, Station Casinos, The Strip, Tribal, Wall Street
1 Comment
Sheldon Adelson is so busted
Congratulations, Sheldon Adelson! You’ve just upped your street cred — and become the butt of 1,001 pimp jokes. Is the Las Vegas Sands CEO going to start hangin’ with Snoop Dogg and 50 Cent (or maybe Eliot Spitzer and Hugh … Continue reading
Quote of the Day
“The Eighties called. They want their graphics back.” — comment overheard during the archaic video montage that precedes Striptease The Show at the Sahara, the seediest topless show in town (bottom of page).
Posted in Entertainment, Sahara, The Strip
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Cosmo: The curious case of “the curious class”
It seems like David G. Schwartz is everywhere today. Las Vegas’ resident casino expert has not one but two stories out on The Cosmopolitan. From what he writes, Cosmo execs have convinced themselves they’ve reinvented the casino. It hinges upon … Continue reading
Nevada: “Cautious optimism”
That’s how UNLV‘s gaming guru, Prof. David G. Schwartz, describes his reaction to the October revenue numbers, released today. The 11% autumnal bounce may be less notable for the fact that the Strip was up 16% than the fact that … Continue reading
Posted in Animals, Boulder Strip, Boyd Gaming, Cordish Co., Current, Downtown, Economy, history, International, Marketing, Mesquite, MGM Mirage, Pets, Regulation, Reno, Sheldon Adelson, Steve Wynn, Technology, The Strip, Tourism, Wall Street
1 Comment
Quote of the Day
“The pie is finite. Gaming is subject to the same laws of economics as every other industry and I think legislators have a hard time understanding that.” — Bill Eadington, director of the Institute for the Study of Gambling & … Continue reading
Case Bets: Adelson vs. China; Cirque du Avatar? Indiana wallops Illinois
In a lengthy Asia Times dispatch, the reliable Muhammad Cohen runs through various scenarios about why the government of Macao would pull back two Cotai Strip™ sites from a ‘george’ investor like Las Vegas Sands. Since the acreage will probably … Continue reading
Old Sixty Votes folds again; Butera’s blunder
Hey, Harry Reid, the casino industry called. It wants its money back. In all-too-predictable collapse, Old Sixty Votes threw in the towel on efforts to explicitly legalize online poker in the U.S. Since the issue is now dead for two … Continue reading
Quote of the Day
“Even though Democrats still have the majority, the perception is that Republicans are in charge. And being the party of ‘no’ has worked in Republicans’ favor.” — gaming-law expert I. Nelson Rose, betting against legalization of Internet poker.
Posted in Current, Harry Reid, Internet gambling, Politics
1 Comment
Explore the “Schtrip” …
… from the comfort of your desk. A new application, 3DLasVegas.com, provides a virtual flyover of Sin City. (Caution: You must have Google Earth installed in order to use the site.) The cyber-tour also includes a booking engine, a followup … Continue reading
Posted in Current, Downtown, Entertainment, Harrah's, Technology, The Strip, Tourism, Wall Street
1 Comment
Cosmo rides the wave; Old Sixty Votes rides again
It may be $1.9 billion over budget and 2.5 years behind schedule but The Cosmopolitan appears to be hitting the market with perfect timing. That’s good news for the 5,000 employees who are furiously getting acclimated with the new megaresort. … Continue reading
Steve Wynn has a Rembrandt and you don’t
Uploaded just a couple of hours ago, here is the Wynn Resorts CEO making his first Facebook video on behalf of Twyla Tharp‘s Sinatra: Dance with Me. Could the touring attraction become a permanent fixture of Wynncore? We can but … Continue reading
Posted in Current, Entertainment, history, Steve Wynn, The Strip
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Wanna buy a casino?
Call 1-877-612-8494 and you could be the next owner of a Colorado conversation-starter that’s sure to impress your friends.
2014 is the new 2007; Good news from Pennsylvania, Detroit
It will take Las Vegas seven years to return to its former prosperity. Or so concludes a new report from consulting firm PricewaterhouseCoopers, which sees casino revenue improving in late 2011 (in line with a Moody’s Investor Service report that … Continue reading
Illinois: No end in sight; Boyd gets some love
“So much for a [gross gaming revenue] stabilization,” sighed analyst Joseph Greff in a J.P. Morgan investor note, after Illinois‘ casino revenues dropped 7% in November. Whenever you think the Land of Lincoln’s casinos have hit bottom, they sink lower … Continue reading