Author Archives: David McKee

About David McKee

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Reality check

It's sackcloth-and-ashes time at the Las Vegas Review-Journal, which ran another "The end is nigh" story about falling gambling revenues. (The Aliante Station Effect appears to have petered out in North Las Vegas.) Yes, we're all the way down, down, … Continue reading

Posted in Boulder Strip, Boyd Gaming, Current, Downtown, Economy, Harrah's, Marketing, MGM Mirage, Michael Gaughan, North Las Vegas, Station Casinos, Taxes, The Strip, Tourism, Wall Street | Comments Off on Reality check

Greek Isles sold, few care

Vegas' hardest-luck casino changed hands … again. Short of another irrational spike in off-Strip land valuations, Canpartners Realty Holding Co. IV LLC is never going to see its $67 million again. The Greek Isles is in a dead zone, a … Continue reading

Posted in Boyd Gaming, Economy, Encore, Entertainment, Morgans Hotel Group, Politics | Comments Off on Greek Isles sold, few care

Goliath awaits

A reader asks: "Doth thou humble Fasolt not feel intruded upon? Or does he reside at home whilst you work?" The latter. Fasolt's sheer preponderance, not to mention his total aversion to the litter box, militate against taking him anywhere. … Continue reading

Posted in Animals, Current, Pets | Comments Off on Goliath awaits

Colony Capital strikes (out) again; Big Bleauh

Despite taking a 22% gouge out of expenses, Colony Capital and its Goldman Sachs sidekicks managed to convert a 2Q08 profit to a $10.5 million 2Q09 loss. Revenues were down $30 million (or 40%), half of that from diminished room … Continue reading

Posted in Atlantic City, Boyd Gaming, Colony Capital, Current, Economy, Fontainebleau, Genting, Harrah's, Laughlin, Mesquite, Penn National, Planet Hollywood, Sheldon Adelson, Singapore, Steve Wynn, The Strip | Comments Off on Colony Capital strikes (out) again; Big Bleauh

Blogging and cats …

… do not mix well, as you can see: Goliath, the one-pound, two-ounce kitten we rescued from the I-15 “on” ramp by Caesars Palace, is climbing all over Yr. Humble Blogger — as shown — and, more to the point, … Continue reading

Posted in Animals, Current, Pets | Comments Off on Blogging and cats …

A reader responds

 "I'm conflicted: The Vegas Club casino is at least trying different stuff to drive business: Mechanical bull; 'Fetish pit;' Video blackjack; Internet access; Upgraded dining areas; Lobster catch machine, etc. … "But: I wasn't interested in the fetish pit — … Continue reading

Posted in Downtown, Tamares Group | Comments Off on A reader responds

Saving money? Buy the Trop!

If you're looking for a bargain on the Strip, what about buying the Tropicana Las Vegas? The Las Vegas Review-Journal found that Onex Corp. got $440 million worth of equity (or a 61% share) for a Filene's Basement price of … Continue reading

Posted in Alex Yemenidjian, Columbia Sussex, Current, Economy, Illinois, MGM Mirage, Phil Ruffin, Pinnacle Entertainment, The Strip | Comments Off on Saving money? Buy the Trop!

Tamares' animal cruelty

Man about town Steve Friess has all the gory details, plus video: Now that new owners have actually made the ex-Tamares Group dump the Gold Spike actually rather spiffy and friendly, the Vegas Club now takes the wilted palm of … Continue reading

Posted in Animals, Downtown, Marketing, Tamares Group | Comments Off on Tamares' animal cruelty

Saving money? Buy the Trop!

If you're looking for a bargain on the Strip, what about buying the Tropicana Las Vegas? The Las Vegas Review-Journal found that Onex Corp. got $440 million worth of equity (or a 61% share) for a Filene's Basement price of … Continue reading

Posted in Alex Yemenidjian, Columbia Sussex, Current, Economy, Illinois, MGM Mirage, Phil Ruffin, Pinnacle Entertainment, The Strip | Comments Off on Saving money? Buy the Trop!

Kitty rescue at Caesars; Stingy Station

As we were driving to LVA HQ this morning, we spotted a disoriented-looking little cat running through the Flamingo Rd./I-15 interchange, across from Caesars Palace. We were in a quandary about what to do until it turned and started ambling … Continue reading

Posted in Animals, Architecture, Cirque du Soleil, CityCenter, Current, Dining, Entertainment, Harrah's, Marketing, MGM Mirage, Pets, Station Casinos, The Strip | Comments Off on Kitty rescue at Caesars; Stingy Station

Comedy Quest

Having made the rounds of a few laugh lounges lately, I can report that L.A. Comedy Club is not to be sneezed at, especially in its new digs at the Four Queens. However, Tickled Pink, at Planet Hollywood, is one … Continue reading

Posted in Downtown, Entertainment, Planet Hollywood | Comments Off on Comedy Quest

I was just saying …

… to a colleague that, given Atlantic City‘s dismal July numbers, a plea for governmental assistance had to be just ’round the corner. Well, whaddya know? In at least five instances, Atlantic City’s casinos are run by companies that just … Continue reading

Posted in Atlantic City, Boyd Gaming, Carl Icahn, Colony Capital, Current, Donald Trump, Economy, Harrah's, MGM Mirage, Tropicana Entertainment | Comments Off on I was just saying …

Carl Icahn, comedian?

"As a result of [Tropicana Entertainment's] continued use of the Tropicana marks in interstate commerce, the Tropicana marks have achieved fame and notoriety and are associated in the minds of consumers nationwide with a consistent level of high-quality casino, entertainment … Continue reading

Posted in Atlantic City, Carl Icahn, Columbia Sussex, Lake Tahoe, Laughlin, The Strip, Tropicana Entertainment | Comments Off on Carl Icahn, comedian?

Rivers Casino by the numbers

Now that you can play the slots in Pittsburgh, just what's on tap? J.P. Morgan has published the slot inventory of brand new Rivers Casino and the slot floor (which is 55% reel-spinning) breaks down by denomination as follows: Pennies: … Continue reading

Posted in Don Barden, Neil Bluhm, Pennsylvania, Technology | Comments Off on Rivers Casino by the numbers

Stanley Ho, ailing monarch

Not many of us make headlines by waking up in the morning and saying something. But when the future of over 50% of Macao's casino market hinges on A) your health and B) your plan of succession, and C) your … Continue reading

Posted in Current, Downtown, Entertainment, Macau, MGM Mirage, Stanley Ho | Comments Off on Stanley Ho, ailing monarch

Neverland Station?

So long Viva, hello Michael Jackson? According to NBC News, parts of Neverland Ranch are going to be dismantled and moved to — you guessed it — Las Vegas. Who owns Neverland Ranch? Colony Capital? Who has amassed enormous tracts … Continue reading

Posted in Colony Capital, Current, Dining, Station Casinos, The Strip | Comments Off on Neverland Station?

New flavor of Tropicana; M is infectious; Penn is persistent

Alex Yemenidjian has busted out a new logo for his Strip casino: Hey, it’s a start. Still no word on a new evening show for the Tiffany Theater (and somehow I don’t think Dirk Arthur is going to cut it … Continue reading

Posted in Alex Yemenidjian, Election, Entertainment, Penn National, The Strip, Tropicana Entertainment | Comments Off on New flavor of Tropicana; M is infectious; Penn is persistent

Case Bets: Ohio, Trump, Fahrenkopfian outrage

With racinos a done deal in Ohio, a suddenly frisky Harrah’s Entertainment is shopping around for a Cleveland-area track. If anything, I’m surprised competing companies haven’t beaten Harrah’s to the punch, but it seems to have sucker-punched its rivals. Good … Continue reading

Posted in Atlantic City, Cordish Co., Donald Trump, Harrah's, Labor, Maryland, Ohio, Wall Street | Comments Off on Case Bets: Ohio, Trump, Fahrenkopfian outrage

Adelson bombing in Pennsylvania; RoboPoker returns; Dissent over Wynn

Both the opening of Sands Bethlehem, and recent expansions of Meadows Racetrack & Casino (+29%) and Mohegan Sun at Pocono Downs (+21%) drove an 18.5% increase in slot revenue this July. With $19.6 million in gross revenue, Sands was only … Continue reading

Posted in Australia, Cannery Casino Resorts, Harrah's, Macau, Pennsylvania, Reno, Sheldon Adelson, Steve Wynn, Technology, Tribal, Wall Street | Comments Off on Adelson bombing in Pennsylvania; RoboPoker returns; Dissent over Wynn

"You can't bring that sword in here!"

Some do-it-yourself ninja got busted sneaking a samurai sword into Casino Rama, in Ontario. As far as exotic weaponry on the casino floor, S&G thinks this takes the prize. The not-so-great ATM caper. Both Wired.com and the Christian Science Monitor … Continue reading

Posted in Animals, Harrah's, Horseracing, Riviera | Comments Off on "You can't bring that sword in here!"