Category Archives: Atlantic City

Trouble in paradise; Eight isn’t enough

Posted on September 14, 2013 by David McKee

That rising clamor you hear along the Strip isn’t just from weekend picketers at The Cosmopolitan of Las Vegas. No, the Culinary Union has significantly ratcheted up the rhetoric against Strip operators MGM Resorts International and Caesars Entertainment, and against … Continue reading →

Posted in Atlantic City, Boyd Gaming, Current, Harrah's, MGM Mirage, Tribal, Wisconsin | Comments Off

Quote of the Day

Posted on September 12, 2013 by David McKee

“It’s still a $3 billion market. It’s still a lot. Not as big as it used to be, but sizable.”– Rick Mazer, newly approved to run Harrah’s Marina, where a new convention center is being built. Parent company Caesars Entertainment … Continue reading →

Posted in Atlantic City, Current, Harrah's | 1 Comment

Linq looking good & other Case Bets

Posted on September 5, 2013 by David McKee

You can’t drive around the Vegas Valley these days without having a clear view of the Las Vegas High Roller, the Ferris wheel that is Caesars Entertainment‘s would-be tourism magnet, which seems to grow overnight. It’s an impressive sight, one … Continue reading →

Posted in Atlantic City, Boyd Gaming, Colony Capital, Entertainment, Environment, Harrah's, Internet gambling, Isle of Capri, Revel, Steve Wynn, The Strip, Wall Street | 2 Comments

Adelson’s new BFF; Icahn’s pricey purchase; Fertitta out of A.C.?

Posted on September 4, 2013 by David McKee

Politics making strange bedfellows and all that, S&G woke up to find Sheldon Adelson enjoying connubial bliss with President Barack Obama. Both are pushing for military intervention in Syria, swimming against the tide of American public opinion. And to think … Continue reading →

Posted in Atlantic City, Carl Icahn, Current, International, Internet gambling, Missouri, Pinnacle Entertainment, Politics, Sheldon Adelson, Singapore, Tilman Fertitta | Comments Off

Coming to the Boardwalk

Posted on August 28, 2013 by David McKee

Posted in Atlantic City | 2 Comments

Case Bets: Seneca scandal; Atlantic City brings on the girls; Still no help for Mashpee

Posted on August 27, 2013 by David McKee

Well, that didn’t take long. Scarcely was the ink dry on New York Gov. Andrew Cuomo‘s deal with the state’s gaming-enabled tribes than the Seneca Indian Nation stepped right into a scandal. $5 million of an $8 million development deal … Continue reading →

Posted in Atlantic City, Entertainment, Foxwoods, Massachusetts, Mohegan Sun, New York, Pennsylvania, Regulation, Sports, Steve Wynn, The Strip, Tribal, Trump Entertainment Resorts | Comments Off

Revel: It had to happen; Hard Rock on a roll

Posted on August 26, 2013 by David McKee

Revel Resort‘s somewhat disingenuous “You Can’t Lose” promotion was bound to attract a lawsuit and so it has. A pair of players are suing and, though the odds seem against them, it’s worth recalling that Revel’s disclaimer language tap-danced around … Continue reading →

Posted in Architecture, Atlantic City, Dennis Gomes, Hard Rock International, Harrah's, Marketing, Massachusetts, Ohio, Revel | Comments Off

Wynn hearts Atlantic City; A pointless election

Posted on August 22, 2013 by David McKee

Update: Penn National Gaming has been tipped as a potential buyer for disqualified Plainridge Racecourse. The city has already scheduled a Sept. 10 vote on a slot parlor, so Penn would have less than three weeks to negotiate the essential … Continue reading →

Posted in Atlantic City, Colony Capital, Cordish Co., Current, Election, Florida, Internet gambling, Massachusetts, Penn National, Pennsylvania, Regulation, Revel, Steve Wynn | 2 Comments

Better late than never in A.C.

Posted on August 21, 2013 by David McKee

Under the leadership of the Atlantic City Alliance, the Boardwalk is finally getting its act together. (Makes you feel like a proud papa, doesn’t it?) Now through 2016, the ACA will offer $1 million in annual subsidies to conventions. The … Continue reading →

Posted in Atlantic City, Boyd Gaming, Current, Economy, Florida, Macau, Racinos, Revel, Tourism | 1 Comment

Another reason to hate Allegiant; Fertitta gets an “F”

Posted on August 21, 2013 by David McKee

That airline that charges you for checking bags, then floated the idea of charging you for not checking bags has found yet another way to screw its customers, as a planeload of them discovered last weekend in Las Vegas. Yes, … Continue reading →

Posted in Atlantic City, Downtown, Laughlin, Mississippi, Tilman Fertitta, Tourism, Transportation | 4 Comments

Boston briefs: Caesars gets the vote out, etc.

Posted on August 19, 2013 by David McKee

In the face of iffy local support for its Suffolk Downs project, Caesars Entertainment has surrogates going door to door in East Boston, selling voters on the proposal’s virtues. Given the Latino majority among Easties, that’s where Caesars is targeting … Continue reading →

Posted in Atlantic City, Donald Trump, Hard Rock International, Harrah's, Harry Reid, Massachusetts, Mohegan Sun, Penn National, Politics, Tourism, Transportation | 3 Comments

Revel’s mixed reviews; All systems ‘go’ in Massachusetts

Posted on August 15, 2013 by David McKee

That controversial “You Can’t Lose” promotion being fielded by Revel Resort is a hit with players even as it’s been panned by pundits. “Whoa, Smarty Jones. Not so fast,” cracked one.) The complexity of the deal is even being credited … Continue reading →

Posted in Atlantic City, Boyd Gaming, Cordish Co., Illinois, International, Marketing, Massachusetts, Mohegan Sun, Neil Bluhm, Penn National, Revel, Sheldon Adelson, Taxes | 2 Comments

Massachusetts: Small problem for Wynn, big trouble for MGM, Plainridge

Posted on August 12, 2013 by David McKee

Boston still has 10 weeks to reach terms with Suffolk Downs on a billion-dollar racino. That may explain Caesars Entertainment‘s apparent lack of urgency in reaching a host-community agreement. Beantown Mayor Thomas Menino‘s administration seems to be expending considerably more … Continue reading →

Posted in Atlantic City, California, Cordish Co., Current, Harrah's, Marketing, Maryland, Massachusetts, Neil Bluhm, Penn National, Pennsylvania, Politics, Racinos, Regulation, Steve Wynn, Tomato King Procacci, Tribal | Comments Off

July in A.C.: Borgata, Revel triumphant; Cosmo: The right amount of ‘Why?’

Posted on August 9, 2013 by David McKee

Last month was good for Atlantic City in the sense that revenue was only 4% off last year’s pace. The upper-tier properties fared exceptionally, with Borgata ascending 19%, driven by a two-third increase in table win, and Revel, fueled by … Continue reading →

Posted in Atlantic City, Boyd Gaming, Cosmopolitan, Current, Donald Trump, Economy, Harrah's, Marketing, Mohegan Sun, Revel, The Strip, Tropicana Entertainment | 2 Comments

When you’ve sunk this low …; Mazer returns

Posted on August 6, 2013 by David McKee

When skepticism turns to outright ridicule, the writing is often on the wall for such a folie de grandeur as Howard Bulloch‘s SkyVue wheel … or rather the two, totemic poles that are we are ever likely to see of … Continue reading →

Posted in Atlantic City, Current, Downtown, Economy, Harrah's, The Strip | Comments Off

Cosmo plunges again; Nevada signals surrender

Posted on August 5, 2013 by David McKee

Would somebody please sack the so-called casino management and marketing staff at The Cosmopolitan of Las Vegas. Everything at the Cosmo is improving except the gambling floor, which took a 20% nosedive in 2Q13, to $31 million. Losses were 25% … Continue reading →

Posted in Atlantic City, Colony Capital, Cosmopolitan, Current, Dining, Internet gambling, Macau, MGM Mirage, Regulation, Sheldon Adelson, Singapore, Stanley Ho, Steve Wynn, The Mob, The Strip | 5 Comments

Seller’s market in A.C.?; Adelson’s new opportunity

Posted on August 1, 2013 by David McKee

According to a certain Pinky Kravitz, two new suitors are afoot on the Boardwalk. One of them is Neil Bluhm‘s SugarHouse Casino, which evidently covets the Atlantic Club (a surprisingly downmarket move for Bluhm). It may have to go up … Continue reading →

Posted in Atlantic City, Boyd Gaming, Colony Capital, Current, Donald Trump, Economy, Environment, Foxwoods, Harrah's, International, Internet gambling, Kansas, Maine, Massachusetts, Neil Bluhm, New Hampshire, New York, Pennsylvania, Regulation, Sheldon Adelson, Taxes, Wall Street | Comments Off

Adelson loses (again), as does Simpson; Internet stampede in Jersey

Posted on July 31, 2013 by David McKee

Continuing his recent string of futility in the court system, Sheldon Adelson wore the gold sombrero yesterday, after went 0-for-12 in Clark County District Court. Next stop, the Nevada Supreme Court, which has been friendly to the mogul in the … Continue reading →

Posted in Atlantic City, Boyd Gaming, Cretins, Current, Genting, Harrah's, Internet gambling, Macau, Regulation, Sheldon Adelson, Singapore, Station Casinos | Comments Off

Early reckoning in Macao; Big Gaming’s growing pains

Posted on July 30, 2013 by David McKee

One shouldn’t read too much into anything the Macao government says about casino operators. It likes to keep them guessing — especially U.S. ones. Still, it’s worth noting that Secretary for Economy & Finance Francis Tam Pak Yuen has floated … Continue reading →

Posted in Atlantic City, Delaware, Economy, Genting, Harrah's, Macau, MGM Mirage, New Hampshire, New York, Ohio, Oklahoma, Pennsylvania, Problem gambling, Racinos, Regulation, Sheldon Adelson, Stanley Ho, Tropicana Entertainment | Comments Off

Buyer for Trump Plaza found?

Posted on July 26, 2013 by David McKee

That was my first thought upon seeing that online casino 2UP Gaming, based in London and backed by Asian money men, wants into the Boardwalk. Bravo to that and to the $330 million 2UP says it would invest. It shouldn’t … Continue reading →

Posted in Atlantic City, Carl Icahn, Colony Capital, Current, Donald Trump, Harrah's, International, Internet gambling, Wall Street | 1 Comment