Category Archives: Atlantic City

Quote of the Day

Posted on February 4, 2014 by David McKee

““We’re talking about something that would turn back the clock on states like New Jersey. I’m stunned that this is a position that any attorney general would take. It essentially endorses a federal power grab to come in and tell … Continue reading →

Posted in Atlantic City, Internet gambling, Regulation, Sheldon Adelson | Comments Off on Quote of the Day

The hypocrisy of Steve Wynn

Posted on February 3, 2014 by David McKee

Like a couple of crotchety codgers sitting in their rocking chairs, Steve Wynn has joined Sheldon Adelson in the “You kids get off my lawn” club when it comes to Internet gambling. (Not that he has allowed this to stop … Continue reading →

Posted in Atlantic City, Delaware, Economy, International, Internet gambling, Massachusetts, Pennsylvania, Racinos, Regulation, Revel, Sheldon Adelson, Steve Wynn, Taxes | Comments Off on The hypocrisy of Steve Wynn

Super Bowl hits Vegas jackpot; Hope for Caesars overseas

Posted on February 3, 2014 by David McKee

“It was embarrassing, humiliating and unbearable,” but when the Super Bowl was over, Nevada sports books had cleaned up … except for that safety on the first play from scrimmage, costly for the Denver Broncos and the books alike. Heavy … Continue reading →

Posted in Aristocrat, Atlantic City, Bally Technologies, Boyd Gaming, Harrah's, International, LVCVA, MGM Mirage, Revel, Sheldon Adelson, Sports, Steve Wynn, The Strip, Tourism | Comments Off on Super Bowl hits Vegas jackpot; Hope for Caesars overseas

Buoyancy in Vegas, contentment at Wynn

Posted on January 31, 2014 by David McKee

Despite somewhat less money being dropped on the Las Vegas Strip, revenue was up 13% last December, closing out a strong 4Q13. Statewide, revenue was up 10%, slightly over a billion dollars. Tighter slot hold on the Strip helped fuel … Continue reading →

Posted in Atlantic City, Boulder Strip, Boyd Gaming, Downtown, Economy, Lake Tahoe, Laughlin, Macau, Massachusetts, Mohegan Sun, Racinos, Reno, Steve Wynn, Taxes, The Strip, Tribal, Wall Street | Comments Off on Buoyancy in Vegas, contentment at Wynn

Now everybody wants it

Posted on January 29, 2014 by David McKee

Like a Smith College student ‘experimenting’ with same-sex dalliance, the Massachusetts Lottery wants experimental online gambling, with a view toward possible for-money play somewhere down the road. “[I]in the interests of preserving and protecting the Lottery, we simply want to … Continue reading →

Posted in Atlantic City, Delaware, International, Internet gambling, Macau, Massachusetts | Comments Off on Now everybody wants it

Revel: Has Loveman gone insane?; East St. Louis gets the shaft

Posted on January 29, 2014 by David McKee

You’d think Caesars Entertainment had its hands full with four active casinos in Atlantic City and the defunct Atlantic Club Hotel. But no, CEO Gary Loveman is reported to be considering a bid for $2.6 billion Revel Resort, which Caesars … Continue reading →

Posted in Atlantic City, Hard Rock Hotel, Harrah's, Illinois, Missouri, Racinos, Regulation, Revel | Comments Off on Revel: Has Loveman gone insane?; East St. Louis gets the shaft

No fun in Florida; Playing it safe in Illinois; Big flush at Borgata

Posted on January 27, 2014 by David McKee

Gov. Rick Scott (R, left) doesn’t want any gambling-expansion talk cluttering up his reelection bid, spoiling the fun for the rest of us. So no racinos, Naples or Palm Beach, no new gambling offerings, Seminole Tribes, and no destination resorts, … Continue reading →

Posted in Atlantic City, Election, Florida, Genting, Hard Rock International, Illinois, Politics, Racinos, Regulation, Sheldon Adelson | Comments Off on No fun in Florida; Playing it safe in Illinois; Big flush at Borgata

All stories lead to Massachusetts

Posted on January 24, 2014 by David McKee

Since it faces no competition in western Massachusetts, it was mostly theater when MGM Resorts International CEO James Murren presented the project to the Massachusetts Gaming Commission. The latter will have months in which to mull the enormous volume of … Continue reading →

Posted in Atlantic City, Boyd Gaming, California, Harrah's, International, Internet gambling, Massachusetts, MGM Mirage, Pennsylvania, Taxes, Tribal | Comments Off on All stories lead to Massachusetts

Palmetto State stalemate; Wynn strikes again

Posted on January 23, 2014 by David McKee

Back in 2005, the State of South Carolina, bowing to the inevitable, legalized cruise-to-nowhere gambling ships that operate out of Palmetto State ports. Now the Catwaba Indian Nation hopes to leverage that legislation into VLTs for itself. The state says … Continue reading →

Posted in Atlantic City, Churchill Downs, Harrah's, Horseracing, Internet gambling, Kentucky, South Carolina, The Strip, Tribal | Comments Off on Palmetto State stalemate; Wynn strikes again

One less brick in the wall

Posted on January 21, 2014 by David McKee

Internet gambling in New Jersey is still wet behind the ears but state Sen. Raymond Lesniak wants to move it to the grown-ups’ table. Specifically, he wants wide-area Internet poker play. Domestic (read: Nevada and New Jersey) and international ones … Continue reading →

Posted in Atlantic City, Georgia, Internet gambling, Minnesota, Ohio | Comments Off on One less brick in the wall

Just when …

Posted on January 20, 2014 by David McKee

You thought Atlantic City had taken its lumps for January, but here comes an additional indignity. Borgata was forced to cancel part of its Winter Poker Open in mid-tourney. Casino surveillance detected the insinuation of fake chips into the tournament’s … Continue reading →

Posted in Atlantic City, Bally Technologies, Macau, MGM Mirage, Sheldon Adelson, Steve Wynn, Technology, Wall Street | Comments Off on Just when …

Case Bets: Atlantic City, Wisconsin & Illinois

Posted on January 17, 2014 by David McKee

Transparency in gaming sustained a couple of blows this week. A proposed ‘black book’ to keep felons out of Illinois slot routes was blocked by legislative forces this week. The excuse given was that the Illinois Gaming Board was acting … Continue reading →

Posted in Atlantic City, Cordish Co., Harrah's, Illinois, Politics, Regulation, Tilman Fertitta, Tribal, Tropicana Entertainment, Wisconsin | Comments Off on Case Bets: Atlantic City, Wisconsin & Illinois

Online gambling is …

Posted on January 15, 2014 by David McKee

… a success, according to Seeking Alpha. On the other hand, Telsey Advisor Group projects New Jersey to flop, eventually only grossing $90 million, not the half-billion envisioned by some. Bloomberg Businessweek reports “mildly disappointing” numbers and that Internet wagering … Continue reading →

Posted in Atlantic City, Boyd Gaming, Economy, Harrah's, Internet gambling, Pennsylvania, Problem gambling, Revel, Tourism, Trump Entertainment Resorts | Comments Off on Online gambling is …

A tale of two cities

Posted on January 15, 2014 by David McKee

On Jan. 21, at 9 p.m., Bloomberg Television will be airing this documentary. Based on the trailer, I’m not impressed, as it yokes together an Atlantic City betting spree with unrelated — and hardly new — scenes of Las Vegas‘ … Continue reading →

Posted in Atlantic City, Boyd Gaming, Economy, Harrah's, MGM Mirage, Steve Wynn, TV | Comments Off on A tale of two cities

Vive la difference; Early ‘Net bets from Jersey; 99 years or bust

Posted on January 14, 2014 by David McKee

Since before its opening, The Cosmopolitan of Las Vegas has marketed itself to “the curious class,” and you’ll certainly be intrigued — and perhaps a bit befuddled — by its newest ad, which seems to be promoting a new brand … Continue reading →

Posted in Atlantic City, Australia, Cosmopolitan, Entertainment, Internet gambling, James Packer, Marketing, The Strip | 1 Comment

Atlantic Club, remembered

Posted on January 13, 2014 by David McKee

A casino’s long nightmare comes to an end.

Posted in Atlantic City, Colony Capital | Comments Off on Atlantic Club, remembered

Quote of the Day

Posted on January 13, 2014 by David McKee

“Where was our support They all left us. No politician helped us. No one came to save us.” — Kathy Buonasorte, 28-year veteran of the Atlantic Club, on the property’s closure.

Posted in Atlantic City, Colony Capital | Comments Off on Quote of the Day

Florida: Death by a thousand cuts; New player in Macao

Posted on January 10, 2014 by David McKee

Casino expansion in Florida may be nominally on the table for the incoming Lege but it looks D.O.A. Both Senate President Don Gaetz (R) and possibly Speaker of the House Will Weatherford (R) want preferatory constitutional amendments that would require … Continue reading →

Posted in Atlantic City, Florida, Genting, Harrah's, Kansas, Macau, Penn National, Politics, Sheldon Adelson, Stanley Ho, Tropicana Entertainment | Comments Off on Florida: Death by a thousand cuts; New player in Macao

Wynn’s new man in Macao; Sheldon’s losing hand

Posted on January 7, 2014 by David McKee

Steve Wynn will continue to be CEO and Chairman of Wynn Macau. However, he’s handing off the presidency to Gamal Aziz. It’s another sign that Macao isn’t just a department of a company like Wynn Resorts but an entity unto … Continue reading →

Posted in Atlantic City, Foxwoods, Harrah's, Internet gambling, Macau, Massachusetts, Mohegan Sun, Sheldon Adelson, Steve Wynn, Wall Street | 1 Comment

This won’t help A.C. and other case bets

Posted on January 6, 2014 by David McKee

Handle at Meadowlands Racetrack rose 32% (or $55 million) last year. That’s not what Atlantic City casinos need to hear at a time when they’re just trying to tread water. It’s bad enough that Caesars Entertainment and Tropicana Entertainment are … Continue reading →

Posted in Atlantic City, Cordish Co., Entertainment, Environment, Harrah's, Horseracing, Macau, Maryland, Mohegan Sun, Ohio, Penn National, Planet Hollywood, Tropicana Entertainment | Comments Off on This won’t help A.C. and other case bets