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- If you can’t beat ’em, cheat ’em; Fun & games
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- Atlantic City rebounds; Sibella dumped; NFL suspicions
- MGM limping back; Atlantic City follies; Wall Street Jottings
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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
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Author Archives: David McKee
Hard Rock debacle; Mohegan Sun reaches from Grecian sky
When I first heard the phrase “Hard Rock Hotel collapse” over the weekend, I thought something had gone awry in the final stages of Hard Rock Hollywood, set to open Oct. 24. But no, it was a Hard Rock project … Continue reading
Posted in Architecture, Cordish Co., Hard Rock International, International, Law enforcement, Louisiana, Maryland, Mohegan Sun
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Wall Street rates Vegas, Macao; Tribes skirmish in Illinois
Credit Suisse analyst Ben Combes turned his attention to three major Las Vegas companies, starting with MGM Resorts International. He’s staying neutral on the giant, writing, “We see Las Vegas as a cyclical but long-term growth market, given strong leverage … Continue reading
Posted in China, Conventions, Economy, Illinois, Indiana, Las Vegas Sands, Macau, MGM Resorts International, Pennsylvania, Politics, Tourism, Transportation, Tribal
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Big Hoosier handle; Caudill empire expands
Indiana sports books generated $35 million in handle last month, translating to $8.5 million in revenue, taxed at 9.5%. “Indiana’s sportsbooks are in their infancy, but their ability to capitalize on the Chicago market did not take long to produce … Continue reading
Posted in AGA, Boyd Gaming, Caesars Entertainment, Derek Stevens, Diversity, Downtown, El Cortez, Eldorado Resorts, Illinois, Indiana, Massachusetts, Penn National, Real Estate, Sports betting, Taxes, Technology, Terry Caudill, The Mob, The Strip, Wayne F. Newton, Wynn Resorts
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Quote of the Day
“I was extremely disappointed by the comments that I heard in the way that I understood them.— Tiburon Strategic Advisors Managing Partner Chip Roame, banning aging billionaire Ken Fisher from future Tiburon conferences, after Fisher stunned an audience with a graphic … Continue reading
Posted in Sexual misconduct, Wall Street
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What’s in a day?
Ohio and Illinois weathered a September with one less weekend day just fine. Indiana and Missouri, not so much. The Hoosier State was down 2.5% (on a weak comparison). The gross was $173 million. There were some big swings and … Continue reading
Posted in Boyd Gaming, Caesars Entertainment, Eldorado Resorts, Full House Resorts, Indiana, Missouri, Penn National, Racinos, Spectacle Entertainment, Tropicana Entertainment
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Quote of the Day
“I regret I accepted that speech invitation because it was kind of a pain in the neck.”—money manager Ken Fisher, after he shocked a San Francisco audience by likening landing a client to “trying to get into a girl’s pants.”
Posted in Sexual misconduct, Wall Street
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Suncoast for sale?; Downtown, Trump Int’l stuck in 20th century
In a cryptic real estate listing, LoopNet has Suncoast emblazoned across the top of its splash page. However, the company says “This listing is not currently being advertised on LoopNet.com” So what the Sam Hill is it doing there? Is … Continue reading
Quote of the Day
“I have just been all round the world and have formed a very poor opinion of it.”—Sir Thomas Beecham
Posted in International
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Hard Rock ratified; Get high at Grand River
Rockford‘s city council ratified Mayor Tom McNamara‘s selection of Hard Rock International, 11-1. Even casino opponent Alderman Frank Beach voted aye, saying, “My vote tonight is really not for a casino in Rockford. But it’s the best way to block … Continue reading
Posted in Hard Rock International, Illinois, Law enforcement, Regulation, South Dakota, Tribal
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Bad news all around
Oyo, owner of the former Hooters Casino Hotel, is trying to get out of debt by … incurring more debt. The company raised $2 billion in debt last summer, including a $700 million infusion from company founder Ritesh Agarwal. Oyo’s strategy … Continue reading
Posted in China, Colorado, Hooters, International, Internet gambling, Law enforcement, New York, Problem gambling, Sexual misconduct, Station Casinos, Tribal, Wall Street, Washington State
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MGM beats Maryland malaise
Maryland officially hit the saturation point last month, as revenues dipped 1%. MGM National Harbor ($58 million) wasn’t hurting, up 6%—with slots and table games gaining equally—and with 40.5% market share. Maryland Live ($48 million) was second with 33.5% but … Continue reading
Posted in Boyd Gaming, Caesars Entertainment, Churchill Downs, Cordish Co., Dan Gilbert, Eldorado Resorts, GLPI, Golden Gaming, Hard Rock International, Horseracing, Illinois, Maryland, MGM Resorts International, Ohio, Penn National, Racinos, West Virginia
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Big casino bust in Biloxi
In a Mississippi bribery scandal, the crime in question took place—how fittingly—in a lavatory. Four men fessed up to bribing Department of Corrections Commissioner Christopher Epps with casino chips in return for such concessions as inmate phone services, unwittingly highlighting … Continue reading
Quote of the Day
“I don’t want to achieve immortality through my work; I want to achieve immortality through not dying. I don’t want to live on in the hearts of my countrymen; I want to live on in my apartment.”—Woody Allen
Posted in Entertainment
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Caesars: What sauce!; Macao underwhelms
With more than a bit of nerve, Caesars Entertainment is jacking up resort fees again. Caesars Palace and Nobu Hotel will have $51.01 in levies (the highest on the Las Vegas Strip, I think; is this a status thing?), while … Continue reading
Wynn sued … twice
Steve Wynn is the gift you wish wouldn’t keep on giving. Wynn Resorts has been slammed with two lawsuits in a week, thanks to Wynn’s libidinous proclivities. According to Casino.org, “Steve Wynn, pressured [women] to not talk with the media, only … Continue reading
MGM: Magnanimity, not culpability
The Associated Press has an hour-by-hour account of the MGM Resorts International settlement for the Mandalay Bay Massacre, the third-largest such outlay in U.S. history. Victims are generally happy with the outcome but the real bottom line is given by … Continue reading
This and that
Restaurant checks nationwide rose 3% last year but that didn’t keep Las Vegas out of WalletHub‘s #6 spot for foodies (cue operatic outrage from Sin City restaurant critics). Las Vegas hit the #1 spot for “affordability and accessibility of highly … Continue reading
Posted in Dining, Downtown, Downtown Grand, James Packer, Steve Wynn, Terry Caudill, The Strip, Wynn Resorts
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Quote of the Day
“Against the insidious wiles of foreign influence, the jealousy of a free people ought to be constantly awake, since history and experience prove that foreign influence is one of the most baneful foes of republican government.”—George Washington, from his farewell … Continue reading
Posted in International
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This just in …
It took two years but there is finally justice for the victims and survivors of the Mandalay Bay Massacre. They have reached a $735 million settlement with MGM Resorts International. That tab could exceed $800 million if more plaintiffs opt … Continue reading
Posted in Colony Capital, Election, Mandalay Bay Massacre, MGM Resorts International, Resort fees
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Dog ate Parx’s homework; Atlantic City Hilton sold … again
Parx Casino is out $1 million after overpaying its taxes and missing the deadline to file for a refund. So says a Pennsylvania judge. Parx had three years to rectify the overpayment and missed the deadline by a whopping six months. … Continue reading