Author Archives: David McKee

About David McKee

Bio

Going slow in Pennsylvania

Despite having the highest-grossing “slot parlor” (now don’t that sound genteel?) in Pennsylvania, racino Parx Casino is making a gingerly entry into the uncharted waters of table-game play. While state law would allow Parx to put in as many as … Continue reading

Posted in Current, Harrah's, Pennsylvania, Regulation, Sheldon Adelson, Steve Wynn | 2 Comments

Rocky Mountain Low

The Great Recession continues to weed out the sick and the lame of the casino industry. As with Missouri‘s loss-limit repeal, similar measures in Colorado (detailed above) came along too late in the game. There’s only so much state governments … Continue reading

Posted in Colorado, Current, Economy, Missouri, Regulation | Comments Off on Rocky Mountain Low

Pennsylvania: Give Adelson a break; Harrah’s latest excuses

While principle dictates that Las Vegas Sands ought to be held to the terms of its agreement with the State of Pennsylvania, recent developments give one pause. Namely, why should Steve Wynn get favorable treatment enjoyed by no other casino … Continue reading

Posted in Atlantic City, Boyd Gaming, Columbia Sussex, Economy, George Maloof, Harrah's, Illinois, Louisiana, Neil Bluhm, Pennsylvania, Politics, Regulation, Sheldon Adelson, Station Casinos, Steve Wynn, Tribal, Wall Street | 3 Comments

Quote of the Day

“There will undoubtedly be tough sledding ahead for Atlantic City, especially in light of the increasing competition from neighboring states. However, I believe that Atlantic City, with its beautiful beaches, can again become a premier destination resort.” — Carl Icahn, … Continue reading

Posted in Atlantic City, Carl Icahn, Columbia Sussex, Current, Economy, Regulation, Tropicana Entertainment | 3 Comments

News in my backyard

Well, not literally in it but damn close. From our rear windows we can see the former Liberace mansion that now goes by the name of Las Vegas Villa. It’s a large but otherwise unobtrusive neighbor in a very quiet … Continue reading

Posted in Current, Economy, Entertainment | 1 Comment

Quote of the Day

“No transaction in our modern society is completely free of government involvement. The food we eat costs less because of farm subsidies. Students attend private universities with the help of Pell Grants and Stafford loans. Our churches and temples can … Continue reading

Posted in Current | 3 Comments

Did my eyes deceive me …

… or was that the skeleton of Echelon which was used to illustrate Nevada’s economic woes in the TV spot that Sen. Harry Reid (D-NV) is running this week? That’s no outrage in and of itself: Echelon was a casualty … Continue reading

Posted in Archon Corp., Boyd Gaming, CityCenter, Current, Economy, Election, Harry Reid, Marketing, MGM Mirage, Politics, Sheldon Adelson, The Strip, TV | 2 Comments

From one Isle to another

Let’s start the week with a salute to a company that’s doing the right thing. Between its Florida and Missouri operations, Isle of Capri Casinos employs some 170 citizens of Haiti. Their salaries go to support family members on the … Continue reading

Posted in Charity, Current, Environment, Florida, Harrah's, International, Isle of Capri, Missouri, Movies, TV | 2 Comments

Quote of the Day

“Having now been hit by the worst recession in American history and the worst downturn in gaming revenues in Nevada history, we can simply no longer afford to bear the overwhelming share of the burden for running the state.” — … Continue reading

Posted in Economy, MGM Mirage, Regulation, Taxes | 3 Comments

The best-paying gig in Las Vegas

It probably belongs to any of the army of lawyers toiling for Station Casinos … or for co-owner Colony Capital … or for individual board members, including director Dr. James Nave. The latter — who used to serve on the … Continue reading

Posted in Boulder Strip, Current, Entertainment, Station Casinos, Wall Street | 4 Comments

Quote of the Day

“… only 36,000 people lost their jobs today, which is really good.” — Sen. Harry Reid (D-NV). Um, “really good” for whom, might we ask?

Posted in Current, Economy, Election, Harry Reid, Politics | 3 Comments

Best Strip bargain yet? Plus: Loveman’s verbal gymnastics, pool fees, etc.

Luke Jermay is a charming English mentalist who does a low-budget but worthwhile show at O’Shea’s. His presentation may not be as polished as that of rival Gerry McCambridge, but what Jermay lacks in razzmatazz, he makes up in personality. … Continue reading

Posted in Entertainment, George Maloof, Harrah's, James Packer, Macau, Melco Crown Entertainment, Minnesota, Planet Hollywood, The Strip | 6 Comments

Quote of the Day

“Usually it takes people a few days after they know me to not like me.” — Wynn Resorts CEO Steve Wynn, in response to near-riot conditions at his Pennsylvania Gaming Control Board hearing.

Posted in Uncategorized | 5 Comments

From the mailbag

One S&G reader took great exception to some comments that Harrah’s Entertainment CEO Gary Loveman made to Reuters: “He said that hotel rates had got so cheap in Vegas — $89 a night for a room at a very nice … Continue reading

Posted in Economy, Harrah's, The Strip | 4 Comments

The good, the bad & the very ugly photo

For perhaps the first time in his career, Steve Wynn is being called “cheesy.” It’s in connection with his new Philadelphia casino project, the erstwhile Foxwoods. (If, has been mooted, it’s just called “S.W.“, that would be pretentious but not … Continue reading

Posted in Cannery Casino Resorts, Economy, Harrah's, Neil Bluhm, Penn National, Pennsylvania, Politics, Regulation, Sheldon Adelson, Steve Wynn, Tribal, Wall Street | 10 Comments

Chronicle of a Black foretold; River City looking good

Randy Black, that is. The CEO who ran the Mesquite market straight into the ground (with a sizable assist from the Nevada Gaming Control Board and Gaming Commission) and turned the former Si Redd’s Oasis into a slot route — … Continue reading

Posted in Archon Corp., Boyd Gaming, Current, Don Barden, Election, Harry Reid, IGT, Mesquite, Michael Gaughan, Midnight Jim Gibbons, Pinnacle Entertainment, Planet Hollywood, Politics, Regulation, Sheldon Adelson, Station Casinos, Steve Wynn, TV, Wall Street, WMS Industries | 1 Comment

Sue Lowden, socialist?

Archon Corp. Treasurer Sue Lowden has been called unflattering things in her life (mostly by the Culinary Union) but I’ll bet my soul “socialist” was never among them. Until now. Rival Danny Tarkanian flung the “S word” at her yesterday, … Continue reading

Posted in Archon Corp., Election, Entertainment, Harry Reid, Politics, The Strip | 2 Comments

Quote of the Day

“I have a special place in my heart for Atlantic City. Atlantic City will reach new heights when the economy turns around.” — TV star and sometime casino owner Donald Trump, who apparently is privy to economic indicators unavailable to … Continue reading

Posted in Atlantic City, Donald Trump, Economy | 2 Comments

Macao’s big ass-month

Casinos in Macao blew way past expectations, raking in $1.6 billion last month (a 70% increase). Stanley Ho‘s SJM widened its lead on Las Vegas Sands, although the latter had more market share (20%) than MGM Grand Macau and Galaxy … Continue reading

Posted in Architecture, Atlantic City, Economy, Environment, Florida, Genting, Harrah's, James Packer, Lawrence Ho, Macau, Melco Crown Entertainment, MGM Mirage, Politics, Racinos, Regulation, Sheldon Adelson, Singapore, Stanley Ho, Steve Wynn, The Strip, Tribal, Wall Street | Comments Off on Macao’s big ass-month

Sands backslides, backpedals in Pennsylvania

Wow, there’s nothing like the rumor of an in-progress sale to light a fire under Las Vegas Sands to restart its desultory Sands Bethlehem. Sands CEO Sheldon Adelson tries to imply that resumption of the hotel is contingent upon getting … Continue reading

Posted in Columbia Sussex, Economy, Entertainment, Harrah's, Lake Las Vegas, Macau, Massachusetts, Midnight Jim Gibbons, Pennsylvania, Politics, Regulation, Sheldon Adelson, Taxes, The Strip | 6 Comments