Category Archives: Ameristar

Illinois: How much worse can it get?

Posted on June 8, 2011 by David McKee

OK, the 9% dropoff in Illinois gambling dollars last month looks worse than it is because it mainly reflects the flood-enforced closure of Harrah’s Metropolis (left, -77%). All other casinos were down an aggregate 3%, and it didn’t much matter … Continue reading →

Posted in Ameristar, Bally Technologies, Boyd Gaming, Cordish Co., Harrah's, Illinois, Indiana, International, MGM Mirage, Penn National, Pinnacle Entertainment, Technology, Tropicana Entertainment, Wall Street | 8 Comments

After the flood; New captains at Tropicana Entertainment

Posted on June 8, 2011 by David McKee

What used to be the Horizon riverboat in Vicksburg is back in business as Grand Station (no relation to Station Casinos, in case you were wondering). While nearby riverboats owned by Neil Bluhm and Ameristar Casinos rode out the high … Continue reading →

Posted in Ameristar, Atlantic City, Carl Icahn, Columbia Sussex, Dennis Gomes, Harrah's, Indiana, Marketing, Mississippi, Neil Bluhm, Penn National, Station Casinos, Tropicana Entertainment | Comments Off on After the flood; New captains at Tropicana Entertainment

Loveman: Norton, you’re not the greatest; Another seesaw in Macao

Posted on June 3, 2011 by David McKee

Caesars Entertainment Chief Marketing Officer David Norton, developer of Total Rewards, got his walking papers yesterday. The old “pursuing other interests” excuse was deployed; familiar industry code for “Don’t let the doorknob hit you on the way out.” Publicly, CEO … Continue reading →

Posted in Ameristar, Current, Economy, Harrah's, James Packer, Lawrence Ho, Macau, Marketing, Melco Crown Entertainment, MGM Mirage, Pansy Ho, Penn National, Pinnacle Entertainment, Regulation, Sheldon Adelson, Stanley Ho, Steve Wynn | 1 Comment

Atlantic City: Fertitta in, Trump out; Inside Pokergeddon

Posted on May 18, 2011 by David McKee

Trump Marina became “RUMP Marina” this week (watch the video), as workers began removing vestiges of the Donald J. Trump era from the property. New owner Landry’s Restaurants is wasting no time putting its Golden Nugget imprimatur on the last-place … Continue reading →

Posted in Ameristar, Atlantic City, Colony Capital, Cordish Co., Current, Dining, Downtown, Economy, Harrah's, history, Horseracing, Illinois, International, Internet gambling, Isle of Capri, Marketing, Penn National, Regulation, Station Casinos, Steve Wynn, Wall Street | Comments Off on Atlantic City: Fertitta in, Trump out; Inside Pokergeddon

Terry the Casino Slayer

Posted on March 24, 2011 by David McKee

When Iowa Gov. Terry Branstad (R) was campaigning to reclaim his old office from Chet Culver (D), he argued against Culver’s casino-expansion plan, arguing that it was economically inadvisable. With the Iowa casino market not so much saturated as waterlogged, … Continue reading →

Posted in Ameristar, Atlantic City, Current, Economy, Election, Harrah's, Herbst Gaming, Illinois, Indiana, Internet gambling, Iowa, Isle of Capri, Penn National, Politics, Stanley Ho, Taxes, Tribal | Comments Off on Terry the Casino Slayer

Power shift at Ameristar

Posted on February 28, 2011 by David McKee

No longer will the Craig H. Neilsen Foundation be calling the shots at Ameristar Casinos. The financial needs of the nonprofit have led Ameristar Chairman Ray Neilsen to liquidate 83% of the foundation’s stake in ASCA for an above-market $17.50. … Continue reading →

Posted in Ameristar, Boyd Gaming, Harrah's, Indiana, Kansas, Marketing, Missouri, Penn National, Planet Hollywood, The Strip, Transportation, Wall Street | 4 Comments

Ameristar: No Sale; Bad news for Caesars

Posted on December 15, 2010 by David McKee

It’s back to business as usual for Ameristar Casinos, whose board decided “a sale is not in the best interests of the Company and its stockholders at this time.” Which is a nice way of saying there’s no bidding war … Continue reading →

Posted in Ameristar, Boyd Gaming, Economy, Harrah's, Iowa, Kansas, Macau, MGM Mirage, Pansy Ho, Penn National, Regulation, Sheldon Adelson, Stanley Ho, Station Casinos, Steve Wynn, Wall Street | Comments Off on Ameristar: No Sale; Bad news for Caesars

Case Bets: Adelson vs. China; Cirque du Avatar? Indiana wallops Illinois

Posted on December 8, 2010 by David McKee

In a lengthy Asia Times dispatch, the reliable Muhammad Cohen runs through various scenarios about why the government of Macao would pull back two Cotai Strip™ sites from a ‘george’ investor like Las Vegas Sands. Since the acreage will probably … Continue reading →

Posted in Ameristar, Atlantic City, Cirque du Soleil, Colony Capital, Economy, Entertainment, Harrah's, Illinois, Indiana, Macau, MGM Mirage, Movies, Ohio, Penn National, Politics, Racinos, Sheldon Adelson, Stanley Ho, Steve Wynn, Tribal | 3 Comments

Isle’s comeback continues; What’s in a Mystic?

Posted on December 1, 2010 by David McKee

Congratulations to Isle of Capri Casinos, winner of Missouri‘s 13th and final casino license. This morning, the Missouri Gaming Commission voted in favor of Isle’s $125 million Cape Girardeau project. Although all rival projects were budgeted higher, favorite-son Isle’s standing … Continue reading →

Posted in Ameristar, Boulder Strip, CityCenter, Current, Dubai, Economy, Isle of Capri, MGM Mirage, Minnesota, Missouri, Penn National, Pinnacle Entertainment, Regulation, Sheldon Adelson, Steve Wynn, The Strip, Tourism, Tribal, Tropicana Entertainment | 3 Comments

Iowa is flat

Posted on November 4, 2010 by David McKee

Actually it’s not, if you’ve lived there (as I did for four wonderful years). However, Iowa‘s casino industry is, down one-tenth of a percent from October 2009. Actually, nine of the 17 non-tribal casinos recorded revenue increases, particularly the small … Continue reading →

Posted in Ameristar, Colorado, Cordish Co., Current, Economy, Election, Harrah's, Horseracing, Illinois, Indiana, Iowa, Isle of Capri, Laughlin, Maryland, Missouri, Penn National, Pinnacle Entertainment, Racinos, Steve Wynn, The Strip, Wall Street | 1 Comment

Big Gaming’s big win

Posted on November 3, 2010 by David McKee

When the dust settled — and did so quite quickly on Election night — GOP pollster Frank Luntz had it right and everybody else had it wrong. Instead of experiencing a fatal wound or even the electoral near-death experience of … Continue reading →

Posted in Ameristar, Current, Economy, Election, Harrah's, Harry Reid, Internet gambling, MGM Mirage, Politics, Problem gambling, Regulation, Station Casinos, Steve Wynn, Wall Street | 3 Comments

Election 2010: Around the horn

Posted on November 3, 2010 by David McKee

Let’s get to it, with some help from Wells Fargo gaming analyst Carlo Santarelli … Cordish Gaming won big in Maryland, where voters upheld an initiative to ratify the zoning of its Arundel Mills Mall casino project. Penn National Gaming, … Continue reading →

Posted in Ameristar, Bally Technologies, California, Cordish Co., Economy, Election, Harrah's, IGT, International, Iowa, Isle of Capri, Maryland, Massachusetts, Missouri, New York, Ohio, Penn National, Pennsylvania, Politics, Racinos, Tribal, Wall Street, West Virginia, WMS Industries | 3 Comments

No Borgata buyout for Boyd

Posted on October 25, 2010 by David McKee

As expected, Boyd Gaming has punted on its purchase option for MGM Resorts International‘s half of Borgata. With the emergence of investor Leonard Green as potential co-owner — as opposed to another casino company — Boyd gets what it surely … Continue reading →

Posted in Ameristar, Atlantic City, Boyd Gaming, Harrah's, MGM Mirage, Penn National | 3 Comments

Election special: What’s at stake

Posted on October 21, 2010 by David McKee

100% devoid of Nevada-related content! Leaving aside a local advisory question in Richmond, California, there are four races to watch. Voters in Maine have blown hot and cold on casinos in their state. Next month they’ll weigh in on whether … Continue reading →

Posted in Ameristar, California, Cordish Co., Election, Isle of Capri, Maryland, Missouri, Penn National, Pinnacle Entertainment, Politics, Racinos, Regulation, Wall Street, West Virginia | 1 Comment

Ameristar’s altruism … and so much more

Posted on October 6, 2010 by David McKee

Gaming regulators in Missouri got a little unsolicited advice from Ameristar Casinos as to where to put Casino License #13. Ameristar Vice President of Government Relations & Public Affairs Troy Stremming commissioned a study on the matter. Its shocking conclusion: … Continue reading →

Posted in Ameristar, Arizona, Atlantic City, Boyd Gaming, California, Colony Capital, Cretins, Current, Dennis Gomes, Economy, Genting, Harrah's, Horseracing, Isle of Capri, Louisiana, Macau, Marketing, MGM Mirage, Missouri, New York, Penn National, Pinnacle Entertainment, Politics, Racinos, Regulation, Sheldon Adelson, Station Casinos, Steve Wynn, Tourism, Tribal, TV, West Virginia | 5 Comments

Mothers of invention; Fernwood 2night

Posted on August 24, 2010 by David McKee

“Stacked” casino floors are a rarity in Las Vegas, usually necessitated by a limited footprint. That’s certainly the case with the Cosmopolitan, jimmied into a narrow slot just north of CityCenter (and often mistaken for part of that complex). However, … Continue reading →

Posted in Ameristar, Architecture, Cannery Casino Resorts, CityCenter, Cosmopolitan, Current, Dining, Economy, Entertainment, Harrah's, history, Isle of Capri, MGM Mirage, Mississippi, Missouri, Penn National, Pennsylvania, Regulation, Steve Wynn, The Strip, Tourism | 3 Comments

Ameristar up for grabs

Posted on August 11, 2010 by David McKee

Having been in “stay the course” mode ever since the death of company founder Craig H. Neilsen, locals giant Ameristar Casinos is putting itself on the block. According to the New York Post, the company has hired an investment bank … Continue reading →

Posted in Ameristar, Atlantic City, Boyd Gaming, Current, Harrah's, Illinois, Indiana, Iowa, MGM Mirage, Missouri, Penn National, Pinnacle Entertainment, Regulation, Station Casinos, Wall Street | 1 Comment

Louisiana treads (oily) water

Posted on July 20, 2010 by David McKee

It’s a rare day when one can report that a casino market was down year/year but did better than expected. If you were looking for serious Deepwater Horizon spillover into June’s casino numbers, you’d be surprised. Statewide, casinos were -4.5% … Continue reading →

Posted in Ameristar, Boyd Gaming, Current, Dining, Economy, Environment, Harrah's, Harry Reid, Louisiana, M Resort, MGM Mirage, Penn National, Pinnacle Entertainment, Politics, Racinos, Steve Wynn, The Strip, Wall Street | Comments Off on Louisiana treads (oily) water

Wynn Beantown?; Adelson likes it rough; “Chico Station,” etc.

Posted on July 15, 2010 by David McKee

“Two can play this game.” That’s the message coming from Steve Wynn. Since his former Philadelphia partners are now playing footsie with Harrah’s Entertainment, Wynn is turning his back on the City of Brotherly Love and shifting his gaze to … Continue reading →

Posted in Ameristar, Boyd Gaming, Environment, George Maloof, Harrah's, Horseracing, Macau, Marketing, Massachusetts, Missouri, Pennsylvania, Politics, Racinos, Regulation, Sheldon Adelson, Singapore, Sports, Station Casinos, Steve Wynn, Technology, The Strip, Tribal, TV | Comments Off on Wynn Beantown?; Adelson likes it rough; “Chico Station,” etc.

Margaritaville on the rocks

Posted on July 15, 2010 by David McKee

Long-serving — and long-suffering — Biloxi Mayor A.J. Holloway has lost patience with Harrah’s Entertainment. He is convinced that the metamorphosis of Grand Casino Biloxi into Margaritaville Casino is kaput and that Harrah’s will tear down what little it has … Continue reading →

Posted in Ameristar, Animals, Archon Corp., Atlantic City, Boyd Gaming, Carl Icahn, Charity, Current, Donald Trump, Economy, Encore, Environment, Fontainebleau, George Maloof, Harrah's, Holy Cow, Indiana, International, Louisiana, MGM Mirage, Mississippi, Movies, Pennsylvania, Pets, Phil Ruffin, Planet Hollywood, Plaza, Riviera, Sahara, Sports, Steve Wynn, The Strip, Tourism, TV, Wall Street | 5 Comments