Category Archives: Atlantic City

All right in Atlantic City; Trump: The Asia connection

Posted on November 28, 2016 by David McKee

Columnist Steve Ruddock recently took a deep dive into Atlantic City and found the water to be just fine, thank you. He didn’t just mean his hotel room at Resorts Atlantic City, which he deemed cleaner and better-maintained than many … Continue reading →

Posted in Atlantic City, Boyd Gaming, Carl Icahn, Donald Trump, Glenn Straub, Harrah's, International, Iowa, Massachusetts, MGM Mirage, Mohegan Sun, Penn National, Regulation, Revel, Tilman Fertitta, Tropicana Entertainment, Trump Entertainment Resorts, Vietnam | 1 Comment

New stumbling block for Caesars; ‘Net betting powers New Jersey

Posted on November 23, 2016 by David McKee

Just when it looked like Caesars Entertainment was out of the woods in its bankruptcy reorganization the federal trustee intervened with an objection. At issue are the releases from litigation that Caesars wrested from creditors as part of the price … Continue reading →

Posted in Arizona, Atlantic City, Donald Trump, Harrah's, Internet gambling, Massachusetts, Penn National, Pennsylvania, PokerStars, Regulation, Sheldon Adelson, Tribal, Tropicana Entertainment | Comments Off on New stumbling block for Caesars; ‘Net betting powers New Jersey

Quote of the Day

Posted on November 18, 2016 by David McKee

“1984. What does that year mean to us? In 1984, across Nevada and Atlantic City, it was the year when slot revenue began to exceed table revenue.” — casino consultant Michael Meczka, on the pernicious effects of corporate ownership on … Continue reading →

Posted in Atlantic City, Entertainment, Nevada | Comments Off on Quote of the Day

Trump Taj saves Atlantic City; Barrack resurfaces; Visiting Memory Lane

Posted on November 17, 2016 by David McKee

When we rounded up Atlantic City gaming numbers yesterday, we didn’t get into market-adjusted comparisons and thus buried the lead. The Boardwalk’s surviving casinos saw, on average, a 6% increase in gaming revenue, thanks to the Oct. 10 closing of … Continue reading →

Posted in Arizona, Atlantic City, Carl Icahn, Cirque du Soleil, Colony Capital, Donald Trump, Economy, Entertainment, Genting, history, Internet gambling, Japan, Law enforcement, Louisiana, Macau, Maryland, Mississippi, Ohio, PokerStars, Regulation, Revel, Sahara, Sheldon Adelson, Sports, Steve Wynn, Taxes, The Strip, West Virginia, Wisconsin | 1 Comment

Atlantic City: Golden Nugget now tops; MGM’s holy rollers

Posted on November 16, 2016 by David McKee

There’s a new leader in Atlantic City‘s Internet-gambling arena. Not PokerStars over at Resorts Digital. They’re still in last place. No, grabbing 24.5% of market share, Golden Nugget now heads the pack. Borgata has 22%, Caesars Interactive holds 18% and … Continue reading →

Posted in Atlantic City, Carl Icahn, Harrah's, Internet gambling, Massachusetts, MGM Mirage, Mohegan Sun, Neil Bluhm, Pennsylvania, PokerStars, Taxes, Tilman Fertitta, Tropicana Entertainment, Wall Street | Comments Off on Atlantic City: Golden Nugget now tops; MGM’s holy rollers

Ivey loses a round; Freeman loses it

Posted on November 15, 2016 by David McKee

Emboldened by a federal court ruling that Phil Ivey and an associate violated the New Jersey Casino Control Act by using “edge sorting” to alter the odds of baccarat in their favor, Borgata is upping its demands against the pair, … Continue reading →

Posted in Atlantic City, Boyd Gaming, Donald Trump, Economy, Geoff Freeman, Law enforcement, MGM Mirage, Sheldon Adelson, The Strip, Tourism | Comments Off on Ivey loses a round; Freeman loses it

Florida: Scott loses, big time; Coup d’etat in Atlantic City

Posted on November 11, 2016 by David McKee

Fourteen more years. That’s how long the Seminole Tribe can have exclusive rights to blackjack in Florida, thanks to a ruling by U.S. District Judge Robert Hinkle. It’s a huge win for the Seminoles and not entirely unforeseen, given how … Continue reading →

Posted in Atlantic City, Donald Trump, Economy, Election, Florida, Geoff Freeman, Georgia, Glenn Straub, Hard Rock International, Japan, Lawrence Ho, Macau, Marketing, Maryland, Melco Crown Entertainment, MGM Mirage, Pennsylvania, Racinos, Rhode Island, Seminole Tribe, Sheldon Adelson, Taxes, Tribal, Wall Street | Comments Off on Florida: Scott loses, big time; Coup d’etat in Atlantic City

Straub makes some odd choices; Tiverton still up for grabs

Posted on November 10, 2016 by David McKee

Glenn Straub won one round, lost another in his quest to revive Revel as Ten. On Oct. 18, he received a certificate of occupancy, paving the way for him to reopen the property. (Last spring’s effort was a Chinese fire … Continue reading →

Posted in Affinity Gaming, Ameristar, Atlantic City, Election, Glenn Straub, GLPI, Hard Rock International, Isle of Capri, Kansas, Massachusetts, Missouri, Penn National, Pinnacle Entertainment, Regulation, Revel, Rhode Island, Tropicana Entertainment, Trump Entertainment Resorts | Comments Off on Straub makes some odd choices; Tiverton still up for grabs

The day after

Posted on November 9, 2016 by David McKee

This morning’s biggest winners are not politicians or pundits (certainly not the pollsters) but the punters who laid their money on a Donald Trump victory when sites like Betfair had him as a one-in-five underdog or worse. Their wallets are … Continue reading →

Posted in Atlantic City, Donald Trump, Election, Florida, Harry Reid, Horseracing, Maine, Massachusetts, Nevada, Politics, Racinos, Regulation, Sheldon Adelson, Steve Wynn | 1 Comment

Election Special; Station Reno project approved

Posted on November 7, 2016 by David McKee

Preoccupied with stumping for legalized sports betting, the American Gaming Association fell down on the job and failed to deliver a promised (yes, they literally promised us) election roundup. By this shortcoming, the AGA flunked one of its mandates, which … Continue reading →

Posted in Arkansas, Atlantic City, Election, Entertainment, Harrah's, Internet gambling, Massachusetts, Nebraska, New York, Politics, Regulation, Reno, Scientific Games, Station Casinos, Steve Wynn, Technology, Wall Street | Comments Off on Election Special; Station Reno project approved

LV Monorail lives; MGM shatters expectations

Posted on November 7, 2016 by David McKee

Whether or not you consider the Las Vegas Monorail a while elephant, its trunk is going to grow a bit longer. Clark County is diligently pursuing the permits that would enable it to extend the Monorail to Mandalay Bay, where … Continue reading →

Posted in Atlantic City, Boyd Gaming, Detroit, GLPI, Harrah's, Illinois, Macau, MGM Mirage, Mississippi, Neil Bluhm, Penn National, Sheldon Adelson, Slot routes, The Strip, Transportation, Wall Street | 1 Comment

Atlantic City rescue rejected; Klondike lives!

Posted on November 3, 2016 by David McKee

A New Jersey takeover of Atlantic City seems all but inevitable. Although Mayor Don Guardian (R) is vowing to “fight this until we cannot fight any longer,” the state has tentatively rejected his bailout plan for the city. The kibosh … Continue reading →

Posted in Atlantic City, Boulder Strip, International, Marketing, Regulation, Sheldon Adelson | Comments Off on Atlantic City rescue rejected; Klondike lives!

Trump’s Mob buddy; Cubs win!

Posted on November 3, 2016 by David McKee

As we mentioned yesterday, despite no longer being in existence, Donald Trump‘s fallen casino empire continues to make news. Today it’s his relationship with Robert LiButti, a figure so mobbed up that he was barred from New Jersey casinos in … Continue reading →

Posted in Atlantic City, Baseball, Donald Trump, Election, New York, Regulation, The Mob, TV | 1 Comment

Boyd: The big squish; Trump’s double-dip

Posted on November 2, 2016 by David McKee

“Squishy.” That was how JP Morgan analyst Joseph Greff described Boyd Gaming‘s third quarter. The soggy verbiage was probably inspired by flooding that has vexed Boyd in Louisiana. The company is also facing stiff, new competition for IP Biloxi on … Continue reading →

Posted in Atlantic City, Boyd Gaming, Cannery Casino Resorts, Culinary Union, Donald Trump, Economy, Geoff Freeman, Illinois, Louisiana, Mississippi, Regulation, Sports, Station Casinos, Taxes, Trump Entertainment Resorts, Wall Street | Comments Off on Boyd: The big squish; Trump’s double-dip

MGM hearts Japan; Atlantic City aims for total victory

Posted on November 1, 2016 by David McKee

According to Reuters, if casinos are legalized in Japan, then MGM Resorts International would be willing to build the world’s second $9.5 billion megaresort. (Las Vegas Sands has already brandished $10 billion.) That’s leading with your chin. However, MGM believes … Continue reading →

Posted in Atlantic City, Election, Genting, Japan, Marketing, Massachusetts, MGM Mirage, Politics, Sheldon Adelson, South Korea, Station Casinos, Steve Wynn, Taxes, Tribal, Unite-Here | 1 Comment

Five-point solution for Atlantic City; The Crown 18

Posted on October 27, 2016 by David McKee

Will Atlantic City be the master of its domain or will Gov. Chris Christie (R) insist upon a state takeover? That’s the question after Mayor Don Guardian (R) steered a five-point rescue plan through a heavily divided city council. In … Continue reading →

Posted in Atlantic City, Environment, Hard Rock International, James Packer, Law enforcement, Macau, Politics, Regulation, Taxes, Technology | Comments Off on Five-point solution for Atlantic City; The Crown 18

Quote of the Day

Posted on October 21, 2016 by David McKee

“If we could run this country the way I run my company … ” — Donald Trump. Now there’s food for thought.

Posted in Atlantic City, Donald Trump, Election | Comments Off on Quote of the Day

New player in Moulin Rouge saga; Jersey casino backers try to save face

Posted on October 14, 2016 by David McKee

There’s another entrant in the perpetual sweepstakes to redevelop the Moulin Rouge site. This time it’s British firm Psi Key Entertainment. It is proposing a 1,288-room hotel for the acreage. However, Psi Key’s redevelopment plans have to be taken with … Continue reading →

Posted in Atlantic City, Boyd Gaming, Dining, Downtown, Eldorado Resorts, Election, Hooters, Iowa, Isle of Capri, Marketing, Missouri, Moulin Rouge, Palms, Politics, Station Casinos, The Strip, Westgate LV | 1 Comment

Mixed signals from Atlantic City

Posted on October 13, 2016 by David McKee

Despite having an extra weekend day last month, casino receipts in Atlantic City were down 3.5%, largely driven by the Trump Taj Mahal. (Subtract the Taj from the equation and you’d have a flat year/year comparison.) Table game revenues were … Continue reading →

Posted in Atlantic City, Carl Icahn, Glenn Straub, Harrah's, Internet gambling, MGM Mirage, Mohegan Sun, PokerStars, Revel, Tilman Fertitta, Tropicana Entertainment | 3 Comments

Hollywood Jamul opens; Hutchinson opposes Arkansas casinos

Posted on October 13, 2016 by David McKee

While the eyes of the industry were focused on the closing of Trump Taj Mahal, there was another long-awaited event on Monday: the opening of Hollywood Casino Jamul, near San Diego. Combine in-progress road construction with a new casino and … Continue reading →

Posted in Arkansas, Atlantic City, California, Cannery Casino Resorts, Dining, Election, GLPI, Harrah's, Horseracing, Isle of Capri, New York, Oklahoma, Penn National, Pennsylvania, Pinnacle Entertainment, Politics, Racinos, Taxes, Technology, The Strip, Transportation, Tribal | 1 Comment