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- Atlantic City rebounds; Sibella dumped; NFL suspicions
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- David McKee on You can’t fix stupid; Good-bad news on the bayou
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- Ray Lebowski on Sibella scandal spreads; Supremes forestall Seminoles
- 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
- Paul Shanahan on MGM crippled; Illinois & Indiana report; Bally’s shaky in Chi
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- MGM crippled; Illinois & Indiana report; Bally’s shaky in Chi - 58,181 views
- MGM paralyzed; DraftKings debacle; Mount Airy wins - 57,520 views
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Author Archives: David McKee
Comp cutbacks in Atlantic City
Last week, the Press of Atlantic City reported a 5% drop in comping along the Boardwalk and Marina District. However, the story played it as merely a reflection of decreased business in Atlantic City. Yesterday, however, The Associated Press weighed … Continue reading
Posted in Atlantic City, Colony Capital, Donald Trump, Economy, Harrah's
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M-enations
Last night’s grand opening of M Resort wasn’t quite your usual Vegas casino debut. The 4,000-7,000 (sources vary) who turned out for the VIP preview were an older, more outwardly affluent and buttoned-down crowd than one expects. Nor is the … Continue reading
Posted in Architecture, Charity, Entertainment, M Resort
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M in pictures
Well … sorta. You'd think a billion dollars might buy a decent press kit but M Resort's didn't arrive at LVA HQ until the day after the opening. To add to the farce, most of the pictures aren't bonafide photos … Continue reading
Posted in Architecture, Encore, M Resort, Station Casinos
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Strike at the Trop
Posted in Atlantic City, Columbia Sussex, Harrah's, Regulation, Tropicana Entertainment
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MGM Mirage: Uh-oh; "Off the box"
Following in the footsteps of Station Casinos and Harrah's Entertainment, now MGM Mirage is drawing its revolver, so to speak, to fund operating expenses. This is never a good sign. Earlier this week we learnt that all of Kirk Kerkorian's … Continue reading
Posted in Cirque du Soleil, Donald Trump, Economy, Fontainebleau, Harrah's, MGM Mirage, Station Casinos, Wall Street
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"Sin City Express"
Expect to be hearing that catchy new canard a lot, not to mention the “Las Vegas to Disneyland” little white lie that Gov. Opie Jindal (R-LA) trotted out in his Tuesday-night audition for the 2012 presidential nomination. “Vegas to Disneyland” … Continue reading
Posted in Boyd Gaming, Harrah's, Louisiana, Politics, Sheldon Adelson, Singapore, Technology, The Strip
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Boyd vs. Station II
Well, that was a waste of a good hour. Boyd Gaming teased its Thursday morning conference call with intimations that All (or at least Some) Would Be Revealed about its surprise bid for most of the assets of Station Casinos. … Continue reading
Posted in Atlantic City, Boulder Strip, Boyd Gaming, Downtown, Economy, Florida, Harrah's, Indiana, Louisiana, Station Casinos, The Strip, Tribal, Wall Street
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Cannery sale on ice?
Nevada Gaming Control Board Chairman Dennis Neilander was kind enough to ring up pesky old NGCB detractor S&G today and provide some clarification on why Crown Ltd. and its supremo, James Packer, passed muster in the Silver State but have … Continue reading
Posted in Australia, Boulder Strip, Cannery Casino Resorts, James Packer, Macau, Melco Crown Entertainment, Pennsylvania, Regulation
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Station vs. Boyd
Seeing as I'm still trying to make sense of Boyd Gaming's offer to buy much (but not all) of Station Casinos — and some Station assets may not be worth obtaining — I'll just pass along Station's response to the … Continue reading
Posted in Boulder Strip, Station Casinos
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Quote of the Day
"[Columbia Sussex CEO William J.] Yung showed a callous disregard both for New Jersey casino auditing regulations and for the requirement that any Atlantic City casino be a 'first-class facility of exceptional quality.' "But if the restructured Tropicana Entertainment can … Continue reading
Posted in Atlantic City, Columbia Sussex, Regulation, Tropicana Entertainment
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Another setback for Packer
Several potential owners of Cannery Casino Resorts want to withdraw from the process rather than disclose their identities to Pennsylvania regulators. In addition, Gretel Packer, sister to Crown Ltd. CEO James Packer, has asked to pull back her license application. … Continue reading
Posted in Cannery Casino Resorts, Horseracing, James Packer, Pennsylvania, Regulation
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Earth to Colony Capital
"If I had a crystal ball two years ago, I would never have taken on that debt. Never, ever. But looking back, we saw growth. That's why we put up that beautiful new tower, with a plan to do extensive … Continue reading
Posted in Atlantic City, Colony Capital, Economy, Pennsylvania
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Gibbons retreats, sorta
Gov. Jim Gibbons has scuttled away from one of his several proposals to jack up taxes on the only segment of Nevada that's carrying its own weight — the casino bidness. He's retreating from a demand that casinos pay taxes … Continue reading
Posted in Atlantic City, Boulder Strip, Boyd Gaming, Colony Capital, Columbia Sussex, Donald Trump, Downtown, Economy, M Resort, Marketing, Mesquite, Movies, Politics, Station Casinos, Taxes, TV, Wall Street
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Case Bets: Penn in Vegas, Fontainebleau, Fine Cotton R.I.P.
Phil Hevener, the guy who was onto the Imperial Palace sale before anyone else, says Penn National pitched offers for not only The Mirage but also Caesars Palace … at insultingly low EBITDA multiples (see bottom of story). The Strip … Continue reading
Posted in Australia, Boyd Gaming, Fontainebleau, Harrah's, Horseracing, MGM Mirage, Penn National, The Strip, Tribal
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Case Bets: Penn in Vegas, Fontainebleau, Fine Cotton R.I.P.
Phil Hevener, the guy who was onto the Imperial Palace sale before anyone else, says Penn National pitched offers for not only The Mirage but also Caesars Palace … at insultingly low EBITDA multiples. The Strip has seen much better … Continue reading
Posted in Australia, Boyd Gaming, Fontainebleau, Harrah's, Horseracing, MGM Mirage, Penn National, The Strip, Tribal
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In defense of Reid's largesse; Cosmo craziness
My take on Sen. Harry Reid (D-NV) and his "casino bailout," as one reader has described it, drew the following response from MGM Mirage spokesman Alan Feldman, which is reprinted below with his kind permission. I note only that my … Continue reading
Posted in Cosmopolitan, Economy, MGM Mirage, Politics
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Joint 2.0
Yesterday, a large gaggle of local media traipsed through the Hard Rock Hotel & Casino's in-progress new version of The Joint (or Joint 2.0, if you will). Those on hand included Mike Weatherford and Jason Bracelin from the Las Vegas … Continue reading
Posted in Architecture, Boyd Gaming, Current, Economy, Entertainment, Morgans Hotel Group, Technology
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Packer steps in it again
Now aren’t you glad that the Nevada Gaming Control Board and Gaming Commission were so quick to give James Packer the green light to own Cannery Casino Resorts? Not only is he facing an unfolding scandal in Australia, two casinos … Continue reading
Posted in Australia, Cannery Casino Resorts, Macau, Melco Crown Entertainment, Regulation
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How desperate is Scott Butera?
Perhaps sensing that the Tropicana Atlantic City is slipping irretrievably from his grasp, Tropicana Entertainment CEO Scott Butera has taken his case to the media — seeking an audience with the editorial board of The Press of Atlantic City, no … Continue reading
Posted in Atlantic City, Carl Icahn, Colony Capital, Marketing, Regulation, Tropicana Entertainment
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