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Author Archives: David McKee
Nevada ekes out slim April; Pansy Ho takes charge
Yes, Virginia, there was gaming revenue in Nevada last month, although the casinos were closed. Mobile sports wagering and online poker did the trick, plus expired slot tickets, although the amount realized from the latter is described as “immaterial.” Most … Continue reading
Posted in Atlantic City, Boyd Gaming, Culinary Union, Downtown, Economy, Health, Jim Murren, Lawrence Ho, Macau, Melco Resorts & Entertainment, MGM Resorts International, Nevada, Pansy Ho, Regulation, Sociedade de Jogos de Macau, Sports betting, Stanley Ho, The Strip, Tourism, Transportation, Wendover
2 Comments
Quote of the Day
“For basically my health and for my family’s health, I just had to resign. It sucks. I really liked working there. I don’t feel they are going to have everything up in place that’s necessary.”—Viejas Casino & Resort security guard … Continue reading
Posted in California, Health, Tribal
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Case Bets
Unlike Las Vegas, casinos in Atlantic City aren’t being proactive in preparing for a mid-pandemic reopening. Ergo, the public sector is stepping into the void, in the form of state Senate President Stephen Sweeney (D, right). Gov. Phil Murphy (D) … Continue reading
Posted in Atlantic City, Colorado, Dining, Health, Internet gambling, Marketing, Regulation
2 Comments
Stevens doubles down; Bullish LV reopenings
Derek Stevens‘ 1,000-free-flights promotional gambit was such a wild success that the mogul has offered 700 airlifts more. But hurry: Stevens has extended his mega-comp to 12 additional cities, from Atlanta to Tampa. We only quibble about Stevens adding Boston … Continue reading
Quote of the Day
“Frankly, we’re more concerned about third quarter, fourth quarter, first quarter of next year. I think after the initial pent-up demand is behind us, then the question is, what’s the frequency and available discretionary income to come to an entertainment … Continue reading
Posted in Economy, Hard Rock International
1 Comment
AGA tackles IRS; Stevens picks up the tab
Perhaps emboldened by its success with the Small Business Administration, the American Gaming Association is tackling an even bigger, more formidable foe: the Internal Revenue Service. Specifically, the AGA is taking aim at the $1,200 “IRS lockdown,” the threshold at which … Continue reading
Quote of the Day
“Yes. Yes, yes and yes.”—financial analyst John Restrepo, responding to Roger Gros‘ question of whether the Nevada economy was too one-dimensional.
Sisolak gets sick; Stanley Ho dies; Culinary discontent
Yesterday’s big announcement about casino reopenings was postponed and the off-the-cuff reaction must have been something like ‘Uh-oh. Coronavirus cases are up again.’ Not hardly. According to Gov. Steve Sisolak (D), “we continue to see a consistent and sustainable downward … Continue reading
Nevada casinos to reopen; Ruffin stiffs workforce
Pending a decline in Coronavirus cases over this past weekend, Nevada Gov. Steve Sisolak (D) is expected to announce a reopening of Silver State casinos, effective June 4, which should give them time to get their paperwork filed with the … Continue reading
Quote of the Day
“Today we will see more and more of the prefix ‘re’ used in our language, reset, revitalize, reengage, resurgence, recovery—but the one that stands out to me is the word ‘reinvent.’ Not only does it allow for lessons learned but … Continue reading
Posted in Current
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Quote of the Day
“I get it. We’re all tired of being snails on hamster wheels at home. None of this is fair. Everyone is losing something. Some of us more than others. And we’re hurting financially, spiritually, physically, mentally, and in every way … Continue reading
New cop on the beat; Are we ready for some football?
There’s a new sheriff in town. Credit Suisse analyst Benjamin Chaiken made his debut today, issuing a sweeping series of reports, covering a number of tourism sectors. Let’s cut to the chase: “This is an unprecedented time for the sector, … Continue reading
Riverboat casino scuttled; Station: Palms not for sale
Chalk up Nevada‘s second casino casualty to the Coronavirus pandemic. The Colorado Belle in Laughlin terminated its 400 employees and said it would not be reopening when Gov. Steve Sisolak (D) gives the go-ahead for resumption of play, expected to … Continue reading
Quote of the Day
“I’ve taken time to stop and smell the flowers … decide what is really important in life. Suddenly, spending time in a casino playing a penny slot machine with an 85 percent return doesn’t seem like a remotely interesting pastime—especially when … Continue reading
Posted in Atlantic City, Entertainment, Health
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Go to the Convention Center, get a test; Station faces tough recovery
In a win for the Culinary Union, a wide swath of Las Vegas casinos have agreed to test all their employees for Coronavirus before they reopen. University Medical Center, the Culinary Health Fund and the Las Vegas Convention Center are all … Continue reading
Boyd comes clean; Penn Nat’l “upbeat”
“Boyd Clean” has been unveiled by eponymous Boyd Gaming and while nothing in it will come as a shock, it shows the company has been closely following what other companies are doing in terms of safety precautions. You’ll receive a … Continue reading
Posted in Boyd Gaming, Cosmopolitan, Dining, Economy, FanDuel, Health, Illinois, Las Vegas Sands, Macau, Maine, Marketing, Maryland, Massachusetts, MGM Resorts International, Mississippi, Missouri, Ohio, Penn National, Politics, Regulation, Resort fees, Sports betting, Wall Street
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Quote of the Day
“We’re playing this game—and it’s a real one—with the virus and the economy at the same time. And it’s really important for people to step up and recognize and understand that this game’s not over. People need to continue to use their … Continue reading
Posted in Economy, Health, Massachusetts
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Wynn vs. Covid-19; Louisiana casinos reopen with a bang
Are high-rollers immune to Covid-19? Guess so. They’re the only ones who’ll be allowed to play craps when Wynncore and Encore Boston Harbor reopen. Truth to tell, blowing on dice seems kind of creepy in the age of Coronavirus, even … Continue reading
Posted in AGA, Boyd Gaming, Caesars Entertainment, DraftKings, Economy, Entertainment, FanDuel, Greenwood Racing, Health, Internet gambling, Louisiana, Massachusetts, Penn National, Pennsylvania, Rush Street Gaming, South Dakota, Sports betting, The Strip, Wynn Resorts
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Good news from MGM, Mississippi; Musk stops boring
UPDATE: It’s official. MGM Resorts International says it is abandoning parking fees once the shutdown ends. We never thought it would happen so … hallelujah! Score one for the consumer. Mississippi casinos reopen Thursday and while the current pandemic may have … Continue reading
Posted in California, Charity, Dining, Economy, Georgia, Lotteries, LVCVA, M Resort, MGM Resorts International, Mississippi, Penn National, Resort fees, Sports, Taxes, Texas, Transportation, TV
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Quote of the Day
“While my positive feelings for Japan are undiminished, and I believe the country would benefit from the business and leisure tourism generated by an integrated resort, the framework around the development of an IR has made our goals there unreachable. We … Continue reading
Posted in Japan, Las Vegas Sands, Regulation, Sheldon Adelson
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