Author Archives: David McKee

About David McKee

Bio

Good times ahead?

Posted on October 12, 2009 by David McKee

New Yorker economic columnist James Surowiecki puts current consumer-spending strends in perspective — and what he finds should gladden the hearts of casino owners. Basically, he finds historical evidence the current tendency toward thriftiness will soon pass. Of course, when … Continue reading →

Posted in Current, Detroit, Economy, Fontainebleau, Illinois, International, James Packer | Comments Off on Good times ahead?

Leaving Las Vegas

Posted on October 12, 2009 by David McKee

At least 28,000 have done so over the two years-plus (probably more when you allow for the people still moving here). What are the likely consequences of Las Vegas‘ pegging its future on a one-trick economy? And is it going … Continue reading →

Posted in Atlantic City, CityCenter, Current, Detroit, Economy, Election, Horseracing, Indiana, MGM Mirage, Ohio, Pennsylvania, Racinos, The Strip, Tourism, Tribal | Comments Off on Leaving Las Vegas

East Coast antics

Posted on October 12, 2009 by David McKee

Wrong again. There I was, thinking the proposed $10 million upfront fee for table games in Pennsylvania was a done deal when the GOP-controlled state Senate upped it to $15 million (and if you don’t pay by June 1, it … Continue reading →

Posted in CityCenter, Economy, Entertainment, Environment, Harrah's, Horseracing, MGM Mirage, Penn National, Pennsylvania, Politics, Racinos, Steve Wynn, Taxes, The Strip, Tribal | Comments Off on East Coast antics

Case Bets: Reid, Goodman, Madison (Holly) & a kegger

Posted on October 12, 2009 by David McKee

As they say on Dancing with the Stars, in no particular order … Eight against Harry: For a speedy primer on the myriad challengers to Sen. Harry Reid (D-NV), you can't go wrong with Jon Ralston's droll and speedy primer. … Continue reading →

Posted in Downtown, Economy, Election, Entertainment, Environment, Harry Reid, Oscar Goodman, Politics, Steve Wynn, Technology, TV | Comments Off on Case Bets: Reid, Goodman, Madison (Holly) & a kegger

Story of the Year

Posted on October 8, 2009 by David McKee

I want the movie rights to this. 'Nuff said. We're #1! For an overdue change, Nevada leads the nation in a good category (first item). And, if you scroll waaaaaaaaaaaay to the bottom, there's an interesting bit about and airfare-and-room … Continue reading →

Posted in Animals, International, Marketing, Pets, Steve Wynn, Technology, Transportation | Comments Off on Story of the Year

What's a Trump casino worth?

Posted on October 8, 2009 by David McKee

Only $14 million in cash (plus a $100 million equity infusion), according to The Donald. Bondholders say, we’ll see your $115 million and raise you $100 million. The latter would recoup at least some — but not very much — … Continue reading →

Posted in Atlantic City, Baseball, Current, Donald Trump, Fontainebleau, Harrah's, Harry Reid, Horseracing, Illinois, International, Internet gambling, Lawrence Ho, M Resort, Macau, Massachusetts, Melco Crown Entertainment, Neil Bluhm, Ohio, Oklahoma, Penn National, Pennsylvania, Politics, Regulation, Sheldon Adelson, Slot routes, Sports, Station Casinos, Steve Wynn, Taxes, Texas, Tribal | Comments Off on What's a Trump casino worth?

Nothing says Canadian Thanksgiving …

Posted on October 8, 2009 by David McKee

… like a three-night stay at Monte Carlo. For $509, you get a trio of room nights and a prix-fixe meal at Brand. But the offer expires today, so take off, eh?

Posted in Dining, International, MGM Mirage, The Strip | Comments Off on Nothing says Canadian Thanksgiving …

Case Bets: California crisis, M cutbacks, "Guiding Light" in LV, etc.

Posted on October 8, 2009 by David McKee

Ist California kaput? That’s the question posed by the The Observer and it makes for troubling reading. If Gov. Jim Gibbons (R-NV) is right that tourism from California is the carotid artery of Nevada‘s economy, then the Silver State is … Continue reading →

Posted in Alex Yemenidjian, California, Current, Dining, Economy, Entertainment, Harrah's, International, M Resort, Macau, Sheldon Adelson, Stanley Ho, Tourism, TV | Comments Off on Case Bets: California crisis, M cutbacks, "Guiding Light" in LV, etc.

Case Bets: Corzine, Penn vs. MTR, Pinnacle, Manilow & strippers

Posted on October 7, 2009 by David McKee

Forbidden by New Jersey law from directly contributing to political campaigns, casino companies are making an end run through Virginia. Harrah’s Entertainment, Boyd Gaming and IGT are among those funneling campaign cash into a reverse version on the Underground Railroad. … Continue reading →

Posted in Atlantic City, Boyd Gaming, Current, Economy, Election, Entertainment, Harrah's, Horseracing, IGT, Illinois, Iowa, Kansas, Louisiana, Ohio, Penn National, Pennsylvania, Pinnacle Entertainment, Politics, Regulation, The Strip | Comments Off on Case Bets: Corzine, Penn vs. MTR, Pinnacle, Manilow & strippers

In other news …

Posted on October 7, 2009 by David McKee

I am happy to report that Stella Stevens' Las Vegas Lady did not make it into our "worst Las Vegas-based movie of all time" poll. (As they say in Chicago, vote early and often.) Crazy Girls Undercover, however, was not … Continue reading →

Posted in Downtown, Movies, The Strip, TV | Comments Off on In other news …

$300 mil for F'bleau?

Posted on October 6, 2009 by David McKee

That’s the latest; namely, that Penn National Gaming will put down less than $300 million as a “stalking horse” bid on Fontainebleau. Penn would also be on the hook for the costs of the project’s bankruptcy proceedings. Potentially getting a … Continue reading →

Posted in CityCenter, Economy, Fontainebleau, Harry Reid, James Packer, Macau, MGM Mirage, Penn National, Politics, Sheldon Adelson, Steve Wynn, The Strip, Wall Street | Comments Off on $300 mil for F'bleau?

Want your ass kicked?

Posted on October 5, 2009 by David McKee

Then go hang out at Stack. If they don’t like your looks, the in-house goons will be sicced on you. And Las Vegans wonder at the schadenfreude so many people feel with regard to Sin City’s current doldrums. No magic … Continue reading →

Posted in Colorado, Dining, Election, Harrah's, Illinois, MGM Mirage, Penn National, Pennsylvania, Sheldon Adelson, South Carolina, Taxes, The Strip, Tourism, Transportation | Comments Off on Want your ass kicked?

From the mailbag #8

Posted on October 5, 2009 by David McKee

“Doesn’t the IOC realise it will be winter in Brazil in August, 2016?” — comment Blackberried in by a reader, regarding the award of the ’16 games to Rio de Janeiro. Y’know, I’d been wondering about that myself. The average … Continue reading →

Posted in Atlantic City, Colony Capital, Current, Donald Trump, Election, International, Marketing, MGM Mirage, Oscar Goodman, Sheldon Adelson, Singapore | 1 Comment

Quote of the Day

Posted on October 5, 2009 by David McKee

"One of the reasons why we chose this mansion, instead of having something at one of the casinos, was because we wanted to match the glamour of a Playboy/Hugh Hefner party." — ex-Bunny Lois Sablich, explaining why a reunion of … Continue reading →

Posted in Atlantic City | Comments Off on Quote of the Day

Macao's blockbuster month

Posted on October 2, 2009 by David McKee

A flurry of good news to end the week, starting in Macao: September, the first month affected by a relaxation of severe visa restrictions imposed on the mainland, saw a 53% jump in Macanese gambling revenues. In terms of market … Continue reading →

Posted in CityCenter, Current, Economy, Entertainment, James Packer, Lawrence Ho, Macau, Marketing, Melco Crown Entertainment, MGM Mirage, Sheldon Adelson, Stanley Ho, Steve Wynn, The Strip, Tourism | Comments Off on Macao's blockbuster month

Scarlett saved?!? & other Case Bets

Posted on October 1, 2009 by David McKee

Splendid news, lads (and lasses). Scarlett, Princess of Magic may return to the Riviera in nine months or a year … that is to say, whenever the economy eventually rebounds. This comes straight from Riv management. Of course, there's a … Continue reading →

Posted in Donald Trump, Downtown, Economy, Entertainment, Environment, Fontainebleau, Penn National, Phil Ruffin, Riviera, The Strip, Tourism | Comments Off on Scarlett saved?!? & other Case Bets

Case Bets: P'mousse, Wynn vs. Francis, Natole, etc.

Posted on October 1, 2009 by David McKee

Tucked away around the corner from the Sahara is local institution Pamplemousse. While there wasn't room for describing the massive crudité basket or the alleged "Mob booth," hopefully this chronicle captures some of the preserved-in-amber ambience of P'mousse. Steve Wynn, … Continue reading →

Posted in Alex Yemenidjian, Dining, Election, Entertainment, Harry Reid, Steve Wynn, The Strip | Comments Off on Case Bets: P'mousse, Wynn vs. Francis, Natole, etc.

Trop, Sands purges continue

Posted on September 30, 2009 by David McKee

It’s official: “Pit Bull of Comedy” Bobby Slayton has snarled his last at the Tropicana Las Vegas. Thus endeth a brief, inauspicious reign by Anthony Cools over the Trop’s upstairs showroom. A well-placed source advises LVA that Beatles tribute show … Continue reading →

Posted in Alex Yemenidjian, Architecture, Boyd Gaming, CityCenter, Cosmopolitan, Economy, Entertainment, Fontainebleau, George Maloof, Harrah's, MGM Mirage, Planet Hollywood, Station Casinos, The Strip, Tropicana Entertainment | Comments Off on Trop, Sands purges continue

Adelson's rescuer?

Posted on September 30, 2009 by David McKee

Meet Wilbur Ross. He’s an investor of all trades with an appetite for distressed assets. And he’s turning his sights to the casino industry. In particular, he’s drawn a bead on “companies [who] are also looking at selling assets in … Continue reading →

Posted in Animals, Atlantic City, Cannery Casino Resorts, CityCenter, Donald Trump, Entertainment, Horseracing, Macau, MGM Mirage, New York, Sheldon Adelson, Sports, Tribal, TV, Wall Street | Comments Off on Adelson's rescuer?

From the mailbag #7

Posted on September 30, 2009 by David McKee

Presumably foiled once again by the Comment-Eating Server, reader kerr_mudgeon writes: From the article about the A.C. contract settlement: "In his praise of the deal, Don Marrandino, the Eastern Division president of Harrah's, appeared to refer indirectly to tortured negotiations … Continue reading →

Posted in Atlantic City, Downtown, Economy, Harrah's, Horseracing, Kentucky, Labor | Comments Off on From the mailbag #7