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- If you can’t beat ’em, cheat ’em; Fun & games
- Pennsylvania soggy; Epic fail in North Carolina
- Sibella scandal spreads; Supremes forestall Seminoles
- Atlantic City rebounds; Sibella dumped; NFL suspicions
- MGM limping back; Atlantic City follies; Wall Street Jottings
- On and off the radio
- MGM crippled; Illinois & Indiana report; Bally’s shaky in Chi
- MGM paralyzed; DraftKings debacle; Mount Airy wins
- Bally’s opens, Chicago yawns; MGM, tree murderers
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- Alice Eskandari on Durango Station, slightly downsized
- David McKee on You can’t fix stupid; Good-bad news on the bayou
- American Gaming Guru on You can’t fix stupid; Good-bad news on the bayou
- 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
- ACGambler on MGM limping back; Atlantic City follies; Wall Street Jottings
- Bob on Bally’s opens, Chicago yawns; MGM, tree murderers
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- Sibella scandal spreads; Supremes forestall Seminoles - 56,520 views
- You can’t fix stupid; Good-bad news on the bayou - 56,413 views
- If you can’t beat ’em, cheat ’em; Fun & games - 54,802 views
- Pennsylvania soggy; Epic fail in North Carolina - 55,736 views
- Atlantic City rebounds; Sibella dumped; NFL suspicions - 55,719 views
- Profit vs. investment on the Strip - 1,055,379 views
- Lame nag; Frissora overpaid? - 578,552 views
- The evils of bingo; Wynn’s Aqueduct exit - 90,512 views
- That casino smell - 63,626 views
- Bally’s opens, Chicago yawns; MGM, tree murderers - 58,290 views
- MGM crippled; Illinois & Indiana report; Bally’s shaky in Chi - 57,879 views
- MGM paralyzed; DraftKings debacle; Mount Airy wins - 57,265 views
- MGM limping back; Atlantic City follies; Wall Street Jottings - 56,927 views
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Author Archives: David McKee
Caution on Scientific, Golden; VIPs passé in Macao
Scientific Games must have been less than thrilled with Credit Suisse analyst Ben Combes‘ report on their third quarter. It was headlined, “Solid Quarter, But Leverage Concerns Keep Us on the Sidelines.” Cash flow of $344 million beat the Wall … Continue reading
Posted in California, Canada, China, Dining, Economy, Entertainment, Genting, Golden Gaming, Greenwood Racing, Illinois, International, Internet gambling, Las Vegas Raiders, Lotteries, Macau, MGM Resorts International, Nevada, New York, Penn National, Pennsylvania, PokerStars, Resort fees, Rush Street Gaming, Scientific Games, Sheldon Adelson, The Strip, Tribal, Wall Street, Wynn Resorts
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Quote of the Day
“You’re in China now, sir, where time and life have no value.”—Henry Chang (Warner Oland) in Shanghai Express, written by Jules Furthman. It’s my favorite Marlene Dietrich picture and my wife’s least favorite.
MGM Springfield: Deal or no deal?; More KAOS chaos
As reported earlier this week, MGM Resorts International is considering monetizing disappointing MGM Springfield via a sale to MGM Growth Properties. The company sought to reassure customers, saying the deal “focus exclusively on the transfer of real estate and have … Continue reading
Posted in Cosmopolitan, Dining, Genting, Massachusetts, MGM Resorts International, New York, Palms, Penn National, Regulation, Sam Nazarian, Station Casinos, Wynn Resorts
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MGM retrenches; Election wrap-up
MGM Resorts International CFO Corey Sanders and Chief Strategy Officer Aaron Fischer met with J.P. Morgan analyst Joseph Greff, who came “away from these meetings incrementally positive on MGM’s asset monetization plans, ability to meet its 2020 targets, and a healthy … Continue reading
Posted in Australia, Caesars Entertainment, CityCenter, Colorado, Conventions, Dubai, Election, Full House Resorts, Indiana, Japan, Kentucky, Macau, MGM Resorts International, Regulation, Slot routes, Spectacle Entertainment, Sports, Sports betting, Vietnam, Virginia, Wall Street
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Quote of the Day
“When once a Republic is corrupted, there is no possibility of remedying any of the growing evils but by removing the corruption and restoring its lost principles; every other correction is either useless or a new evil.”—Thomas Jefferson
Posted in history
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Wynn misses estimates; Sports betting wins in Colorado
Wynn Resorts reported 3Q19 earnings and the headline was Macao. As J.P. Morgan analyst Joseph Greff wrote, “For the first time in a while, we feel that the tough Macau VIP segment is stabilizing/not getting worse, and mass growth there … Continue reading
Posted in China, Colorado, Dining, Election, Full House Resorts, Macau, Massachusetts, Melco Resorts & Entertainment, MGM Resorts International, Mohegan Sun, New Jersey, South Korea, Sports betting, Wall Street, Wynn Resorts
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MGM Nat’l Harbor takes a hit; Venetian revises restaurant row
Just when MGM National Harbor looked impervious to market forces it hit an October speed bump. Gaming revenues tumbled 18.5% to $60 million. The Free State was down 9% as a whole. MGM got hammered at the tables, plunging 36%, … Continue reading
Posted in Caesars Entertainment, Churchill Downs, Cordish Co., Cosmopolitan, Dining, Genting, Golden Gaming, International, Internet gambling, Las Vegas Sands, Maryland, MGM Resorts International, Mohegan Sun, Penn National, South Korea, Sports, The Strip, West Virginia, William Hill
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Less KAOS, more chaos at Palms
Station Casinos has an excellent record as an operator. Why then did it misjudge its attempt to compete with the Las Vegas Strip in its takeover (and makeover) of the Palms? And while it knows its onions with regard to … Continue reading
Posted in CityCenter, Colorado, Dining, Election, Entertainment, Massachusetts, MGM Resorts International, Palms, Penn National, Real Estate, Sports betting, Station Casinos, The Strip, Wall Street
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Election special
First, a quick election update. The apparent victory of Andy Beshear (D) in the Kentucky gubernatorial race bodes well for the expansion of gambling in the Bluegrass State, which Beshear favors. However, in Colorado, where Proposition DD—legalizing sports betting—was expected … Continue reading
Posted in Colorado, Election, Kentucky, Sports betting
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MGM’s architecture lauded; Sands number one in Asia
Congratulations to MGM China, whose MGM Cotai has won the annual Skyscraper Award from Emporis. We quite agree. MGM Cotai is the most striking casino-hotel design since Marina Bay Sands, a bold statement on behalf of modernity. (Sands, by contrast, … Continue reading
Posted in Architecture, Genting, Las Vegas Sands, Macau, MGM Resorts International, New York, Singapore, Taxes, The Strip, Tribal, Wall Street
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Why does Massachusetts suck?
Did the casino industry drink its own bathwater vis-a-vis Massachusetts? The Boston Globe asks “whether the industry didn’t fully understand how tough it would be to attract gamblers in a regional market that has become increasingly competitive.” Both Encore Boston … Continue reading
Massachusetts Expansion urged; Murren backs right horse
Blowing through all the economic red lights, Massachusetts state Rep. Susan Williams Gifford (R) is putting the pedal to the metal on a bill that would create a special casino category for her district, which includes Wareham. Oh-so-coincidentally, that is where … Continue reading
Posted in Australia, Culinary Union, Dining, Election, Illinois, Internet gambling, Law enforcement, Maryland, Massachusetts, MGM Resorts International, Nevada, Politics, Regulation, Sports, Sports betting, Technology, Tribal, Washington State
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Quote of the Day
“If more politicians in this country were thinking about the next generation instead of the next election, it might be better for the United States and the world.”—Claude Pepper, senator and congressman. Happy Election Day.
Churchill Downs fights horseracing reform; Mattress Mack doesn’t regret $13M World Series bet
Churchill Downs‘ third-quarter cash flow results were “softer than expected” according to J.P. Morgan analyst Daniel Politzer, who added the “the impact of this was likely mitigated by the company announcing a slew of updates/capital projects which helped placate investors, … Continue reading
Posted in AGA, Baseball, Charity, Churchill Downs, Colorado, Culinary Union, Election, Entertainment, Geoff Freeman, Horseracing, Kentucky, Las Vegas Sands, Macau, Maine, Mississippi, Nevada, New Jersey, Planet Hollywood, Politics, Racinos, Sheldon Adelson, Sports betting, Texas, Wynn Resorts
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Cordish bully on Philly
We’ll soon find out if the Philadelphia market can sustain five casinos when Cordish Gaming‘s Live! Casino & Hotel Philadelphia opens, next door to Citizens Bank Park (baseball) and close to Lincoln Financial Field (football) and Wells Fargo Center (basketball and … Continue reading
Quote of the Day
“What is going to happen is you will see more of this heckling stuff occurring because there are going to be those who have bet against you. They’re going to want to try and alter the result because they will potentially … Continue reading
Posted in Sports, Sports betting
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Rhode Island lottery scandal worsens
That casino scandal in Rhode Island continues to deepen. Gov. Gina Raimondo‘s chief of staff, Brett Smiley, is accused of making threats against Twin River Casino. When the governor pitched a no-bid, sweetheart lottery contract for International Game Technology, Smiley … Continue reading
Posted in IGT, Lotteries, Politics, Rhode Island, Twin River, Wynn Resorts
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The Drew makes bold promises; GLPI gleeful
Steven Witkoff buried the lead when announcing that Bobby Baldwin had been called out of retirement to become CEO of The Drew. Witkoff’s PR peeps said that the project was in “final preparations for construction,” which is the first movement … Continue reading
Posted in Ameristar, Caesars Entertainment, California, CityCenter, Detroit, DFS, Dining, Fontainebleau, G2E, GLPI, history, Las Vegas Sands, Lotteries, Louisiana, Macau, Maryland, Michigan, Politics, Sports betting, Taxes, The Strip, Tribal, Vdara Death Ray, Wall Street
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Clarkson takes Vegas; Penn exudes confidence
It’s about time: Kelly Clarkson is coming to Las Vegas for a residency at Planet Hollywood, running from April 1 of next year through the following September. Having been on the scene for nearly 20 years (already?), Clarkson will have … Continue reading
Posted in China, Current, Economy, Entertainment, Illinois, Louisiana, Massachusetts, Penn National, Slot routes, The Strip, Wall Street, Wynn Resorts
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