Author Archives: David McKee

About David McKee

Bio

Case Bets: Global Cash’s Access, Cosmo, Riviera, Oscar, Oregon & Banditry

Posted on August 25, 2010 by David McKee

Excessive Access? The casino industry gets closer and closer to the day when it simply hooks up a suction hose to your bank vault. While Global Cash Access doesn’t want to interface bank cards with slot machines — it would … Continue reading →

Posted in Colorado, Cosmopolitan, Current, Election, Environment, Harrah's, International, Marketing, New York, Oscar Goodman, Problem gambling, Regulation, Riviera, Technology, The Mob, The Strip, Tourism, Tribal, TV | 8 Comments

Last Resorts? Colony wins one

Posted on August 25, 2010 by David McKee

It still looks like Resorts Atlantic City is the casino most likely to close in that market, on pace to lose nearly $22 million this year. That’s the monumental challenge facing prospective new owner Dennis Gomes. In unadjusted dollars, the … Continue reading →

Posted in Architecture, Atlantic City, Colony Capital, Economy, Goldman Sachs, Harrah's, Pennsylvania, Regulation, The Strip, Tourism, Transportation, Tribal, Wall Street | 3 Comments

Mothers of invention; Fernwood 2night

Posted on August 24, 2010 by David McKee

“Stacked” casino floors are a rarity in Las Vegas, usually necessitated by a limited footprint. That’s certainly the case with the Cosmopolitan, jimmied into a narrow slot just north of CityCenter (and often mistaken for part of that complex). However, … Continue reading →

Posted in Ameristar, Architecture, Cannery Casino Resorts, CityCenter, Cosmopolitan, Current, Dining, Economy, Entertainment, Harrah's, history, Isle of Capri, MGM Mirage, Mississippi, Missouri, Penn National, Pennsylvania, Regulation, Steve Wynn, The Strip, Tourism | 3 Comments

Quote of the Day

Posted on August 24, 2010 by David McKee

“It’s like setting a hungry wild pig loose in a china shop to find a piece of bacon. It’ll get the bacon, but it will destroy everything else in the process.” — NORML attorney Marc Randazza, on the Las Vegas … Continue reading →

Posted in Technology | 2 Comments

Strip rates bottom out

Posted on August 23, 2010 by David McKee

There was good news for hoteliers on the Las Vegas Strip today. Room rates for the second quarter and the first half of the third quarter average out to a 0% increase/decline from last year, following a -4% comparison in … Continue reading →

Posted in Economy, Harrah's, MGM Mirage, Regulation, Reno, Sheldon Adelson, Steve Wynn, The Strip, Tourism, Wall Street | 2 Comments

Crazy from the heat?

Posted on August 23, 2010 by David McKee

As the August sun beats upon our brains like a hammer on an anvil, it seems to be rendering us soft in the noggin. Reader kerr_mudgeon has aggregated a few instances, the pages of the Los Angeles Times, which seems … Continue reading →

Posted in Atlantic City, Colony Capital, Cordish Co., Current, LVCVA, Marketing, Regulation, Tourism, Transportation | 5 Comments

No concord in Massachusetts

Posted on August 21, 2010 by David McKee

There won’t be casinos in Massachusetts this year and a lot of people are hopping mad. It’s understandable, given that state leaders had all the time in the world to get enabling legislation together, only to see it thwarted at … Continue reading →

Posted in Current, Economy, Massachusetts, Politics, Racinos, Tribal | 2 Comments

Readers are genius

Posted on August 20, 2010 by David McKee

A big shout-out goes to the S&G subscriber who has the best solution yet for reviving interest in Atlantic City: “Just put the cast of Jersey Shore on view in glass cages on the Boardwalk (like the Snake Guy on … Continue reading →

Posted in Atlantic City, California, CityCenter, Current, Economy, Election, Entertainment, Marketing, Missouri, Pinnacle Entertainment, Regulation, The Strip, Tourism, TV | 5 Comments

Quote of the Day

Posted on August 20, 2010 by David McKee

“Go a block off the Boardwalk and you’re in Beirut, basically.” — Hudson Securities analyst Robert LaFleur, on Atlantic City.

Posted in Atlantic City, Economy | 5 Comments

Crisis point in Atlantic City

Posted on August 19, 2010 by David McKee

If nothing else gets recalcitrant legislators off their duffs and behind Gov. Chris Christie‘s intervention on behalf of Atlantic City, maybe these numbers will. In the last quarter, only four casinos turned a profit. Harrah’s Entertainment‘s Showboat and Harrah’s Marina … Continue reading →

Posted in Atlantic City, Boyd Gaming, Carl Icahn, Colony Capital, Donald Trump, Economy, Harrah's, Penn National, Politics, Sahara, The Strip, Tropicana Entertainment | Comments Off on Crisis point in Atlantic City

How green is Vegas?; Harrah’s thinks globally, acts locally

Posted on August 19, 2010 by David McKee

A lot greener than you’d think, says Las Vegas Sustainability Officer (yes, we have one) Thomas Perrigo. Among those companies getting recognition of leading the way in “green” initiatives is Harrah’s Entertainment, which has reduced its energy consumption by vast … Continue reading →

Posted in Charity, Current, Dining, Economy, Entertainment, Environment, Florida, Harrah's, Marketing, Technology, The Strip, Tourism, Wall Street | 4 Comments

Quote of the Day

Posted on August 19, 2010 by David McKee

“We have a reputation for senior executives who haven’t lasted that long.” — Las Vegas Sands COO Michael Leven, discussing the company’s recent travails in Macao.

Posted in Macau, Sheldon Adelson | 1 Comment

Peril on the Strip

Posted on August 19, 2010 by David McKee

You wouldn’t know if from the wrap on Luxor’s west side, but Angelica Bridges is out as Fantasy headliner, replaced by Lorena Peril (late of Sin City Bad Girls at the Las Vegas Hilton). This alone is sufficient to bump … Continue reading →

Posted in Atlantic City, Carl Icahn, CityCenter, Donald Trump, Entertainment, Fontainebleau, Goldman Sachs, Harrah's, MGM Mirage, Sheldon Adelson, Steve Wynn, The Strip, Tourism, Tropicana Entertainment | 1 Comment

Caesars Cincinnati? Invaders repulsed at Gettysburg (again)

Posted on August 18, 2010 by David McKee

Here at S&G, we think the Caesars brand is more than worthy of the Queen City. Others don’t share our enthusiasm. Using the Horseshoe hoofprint doesn’t make sense, given that Harrah’s Entertainment rather expensively deployed that just downriver in Evansville. … Continue reading →

Posted in Harrah's, history, Illinois, International, Kansas, Lyle Berman, Missouri, Ohio, Penn National, Pennsylvania, Pinnacle Entertainment, Politics, Regulation, Tribal | 6 Comments

Suicidal in New Jersey

Posted on August 18, 2010 by David McKee

Atlantic City can just plain go to hell. That’s the message from several prominent — or simply loud — Democratic lawmakers who say Gov. Chris Christie‘s rescue plan for the city is spinach and to heck with it. Noisiest of … Continue reading →

Posted in Atlantic City, Colony Capital, Current, Donald Trump, Economy, Entertainment, Genting, Harrah's, Horseracing, Internet gambling, Marketing, Maryland, Minnesota, New York, Pennsylvania, Politics, Racinos, Singapore, The Strip, Tourism, Tribal, Wall Street | 2 Comments

Lies, damned lies and Control Board statistics

Posted on August 18, 2010 by David McKee

One swallow doesn’t make a spring — unless you write for USA Today. Columnist Kitty Bean Yancey cherry-picked a lone statistic from the most recent set of Nevada Gaming Control Board numbers are proclaimed happy days are here again on … Continue reading →

Posted in CityCenter, Current, Economy, Election, Harry Reid, Mesquite, MGM Mirage, Michael Gaughan, Movies, Oklahoma, Politics, The Strip, Tourism, Tribal | 1 Comment

Quote of the Day

Posted on August 18, 2010 by David McKee

“The people who come to Vegas are not going to be the people who want to explore art galleries. There was a brief moment where I thought Vegas would grow into that. But I turned out to be mostly wrong … Continue reading →

Posted in Cosmopolitan, Current, Entertainment, The Strip, Tourism | 1 Comment

Who needs M most?; Station’s glass jaw

Posted on August 17, 2010 by David McKee

In a shocker of a scoop, The Newspaper That Must Not Be Cited revealed yesterday that a $700 million stake in $1 billion M Resort was being shopped around by the resort’s lead banker. While this probably says more about … Continue reading →

Posted in Atlantic City, Boulder Strip, Boyd Gaming, California, Carl Icahn, Colony Capital, Cosmopolitan, Current, Downtown, Economy, Kansas, M Resort, Maryland, MGM Mirage, Michael Gaughan, North Las Vegas, Ohio, Penn National, Pinnacle Entertainment, Riviera, Station Casinos, The Strip, Tourism, Tropicana Entertainment, Wall Street | 8 Comments

Vegas: Frugality is the new liquidity

Posted on August 16, 2010 by David McKee

I’m sure I speak for some of colleagues in the biz when I say that, on certain subjects, we feel like we’re writing the same story over and over again. (Which is provides yet another reason for our collective fascination … Continue reading →

Posted in Boulder Strip, Boyd Gaming, CityCenter, Cosmopolitan, Current, Downtown, Economy, Mesquite, MGM Mirage, Station Casinos, Steve Wynn, The Strip, Tourism, Tribal | 12 Comments

Singapore packs ’em in

Posted on August 16, 2010 by David McKee

Results are in for the first quarter of a fully operational Resorts World Sentosa and they point to a $2.5 billion gross this year, $1.5 billion in cash flow and an ROI of 32% at the $4.74 billion metaresort. J.P. … Continue reading →

Posted in Economy, Genting, history, Pennsylvania, Sheldon Adelson, Singapore, Wall Street | 1 Comment