Category Archives: Atlantic City

The continuing adventures of Sheldon Adelson, Harry Reid and the GSA

Posted on April 14, 2012 by David McKee

First, the good news. Business is off and running at brand-new Sands Cotai Central, whose Himalaya casino (372 tables, 600 slots) opened last Wednesday. In total square footage, it overtakes Venetian Macao for status as the world’s largest casino (30% … Continue reading →

Posted in Atlantic City, Boyd Gaming, California, Current, Economy, Election, Florida, Genting, Harrah's, Harry Reid, history, International, Macau, Massachusetts, New York, Penn National, Pennsylvania, Sheldon Adelson, Sports, Stanley Ho, Technology, The Strip, Tourism, Transportation, TV, Wall Street | 5 Comments

The Trop and the truth; Crock of Vegas

Posted on April 5, 2012 by David McKee

Black Hawk Down author Mark Bowden has penned a gripping account of how veteran racetrack executive Don Johnson (no, not that one) cleaned the clocks of the Tropicana Atlantic City, Borgata and Caesars Palace Atlantic City, to the tune of … Continue reading →

Posted in Atlantic City, Boulder Strip, Boyd Gaming, Carl Icahn, Columbia Sussex, Donald Trump, Downtown, Election, Entertainment, Harrah's, Horseracing, Internet gambling, Pennsylvania, Sheldon Adelson, Tropicana Entertainment | 3 Comments

Worst operator of 2011; GSA’s wrong amount of wrong

Posted on April 4, 2012 by David McKee

Worst of the year? That’d be Grand Station Casino, a former Harrah’s riverboat in Vicksburg, and its owners, Delta Development & Investments. They managed to parlay a $3.25 million steal of a casino that could have gone for $35 million … Continue reading →

Posted in Atlantic City, Bally Technologies, Culinary Union, Current, Economy, Harry Reid, M Resort, Macau, Marketing, Mississippi, North Las Vegas, Penn National, Politics, Sheldon Adelson, Singapore, Station Casinos, The Strip, Tourism | 2 Comments

Revel gets a rave review

Posted on April 4, 2012 by David McKee

Deutsche Bank‘s Carlo Santarelli took a jaunt down to Atlantic City to check out Revel, the biggest noise on the Boardwalk in almost a decade. He thought … well, let him tell it: “From the check in reception area, complete … Continue reading →

Posted in Animals, Architecture, Atlantic City, Boyd Gaming, Colony Capital, Cosmopolitan, Cretins, Current, Dennis Gomes, Dining, Donald Trump, Economy, Entertainment, Environment, Genting, Harrah's, Marketing, New York, Tilman Fertitta, Tourism, Tropicana Entertainment, TV, Wall Street | 2 Comments

Quote of the Day

Posted on March 28, 2012 by David McKee

Visit msnbc.com for breaking news, world news, and news about the economy “Do not go and take that money and have fleet feet and go on vacation or go to Las Vegas or Atlantic City.” — Suze Orman, on what … Continue reading →

Posted in Atlantic City, Current, Dining, Economy, Entertainment, The Strip, Tourism, TV, Wall Street | 3 Comments

Investor Week: The slot makers speak; More Ohio expansion

Posted on March 21, 2012 by David McKee

Themes! Themes! Themes! That was the promise made by WMS Industries, which plans to introduce no fewer than 55 of them between now and year’s end. I’d thought we were past the era in which slot manufacturers indiscriminately licensed every … Continue reading →

Posted in Atlantic City, Bally Technologies, Cordish Co., Current, Economy, Election, Entertainment, Harrah's, IGT, Illinois, International, Internet gambling, Macau, Maryland, Ohio, Penn National, Racinos, Regulation, Sheldon Adelson, Shuffle Master, Slot routes, Technology, Wall Street, WMS Industries | 1 Comment

Ides of March: Caesars, MGM, Wynn court Wall Street

Posted on March 21, 2012 by David McKee

Evidently J.P. Morgan‘s Gaming, Lodging & Leisure Management Access Forum, being held this week at Wynncore, isn’t sufficiently important to merit the attendance of Big Gaming’s CEOs. If Steve Wynn couldn’t make the stroll from his office to Encore’s meeting … Continue reading →

Posted in Ameristar, Atlantic City, Boyd Gaming, CityCenter, Current, Detroit, Economy, Encore, Entertainment, Harrah's, Illinois, Internet gambling, Macau, Marketing, Maryland, Massachusetts, MGM Mirage, Neil Bluhm, Ohio, Politics, Regulation, Sheldon Adelson, Stanley Ho, Steve Wynn, Technology, The Strip, Tourism, Wall Street, World Series of Poker | 2 Comments

Putting the cart before the racino; Men of eXit

Posted on March 21, 2012 by David McKee

VLTs in Ohio are still being litigated but MTR Gaming is rushing in where major operators fear to tread. It’s already begun conversion of Scioto Downs Casino & Racetrack to a 2,100-machine racino. The nomenclature is a bit premature but … Continue reading →

Posted in Atlantic City, Boyd Gaming, Current, Downtown, Entertainment, Harrah's, Hooters, Isle of Capri, Ohio, Penn National, Racinos, Regulation, Tamares Group, Tropicana Entertainment | Comments Off on Putting the cart before the racino; Men of eXit

Adelson minions visit Encore: Big Gaming courts Wall Street

Posted on March 20, 2012 by David McKee

There will be Ice Capades in Hell before Sheldon Adelson sets foot in Encore, I should expect. However, with J.P. Morgan holding an investor conference at Wynncore, it would be poor form of Las Vegas Sands — currently the darling … Continue reading →

Posted in Ameristar, Atlantic City, Boyd Gaming, Cordish Co., Current, Detroit, Economy, Harrah's, International, Internet gambling, Kansas, Louisiana, M Resort, Macau, Marketing, Maryland, Massachusetts, MGM Mirage, Mississippi, Missouri, Ohio, Penn National, Pennsylvania, Pinnacle Entertainment, Racinos, Regulation, Sheldon Adelson, Singapore, Station Casinos, Steve Wynn, The Strip, Tourism, Wall Street, West Virginia | Comments Off on Adelson minions visit Encore: Big Gaming courts Wall Street

Moody’s no longer moody on Vegas; Golden Gate upsizes

Posted on March 20, 2012 by David McKee

Caution, thy name is Moody’s Investors Service. So if Moody’s is bullish on the near-term future of Las Vegas, I guess we can well and truly believe that a recovery is here … well, on the Strip. Away from Las … Continue reading →

Posted in Atlantic City, CityCenter, Current, Dennis Gomes, Derek Stevens, Don Barden, Downtown, Economy, Entertainment, Gary Goett, Marketing, North Las Vegas, Sahara, Sheldon Adelson, Station Casinos, Steve Wynn, Tamares Group, The Strip, Tourism, Tribal, Wall Street | 3 Comments

Penn and Pennsylvania; Trop’s big screwup; Louisiana’s big month

Posted on March 16, 2012 by David McKee

A racetrack isn’t something you just pick up and relocate. However, Penn National Gaming has been given the go-ahead by the State of Ohio to “move” its Beulah Park and Raceway Park to, respectively, Youngstown and Dayton. They are presently … Continue reading →

Posted in Atlantic City, Boyd Gaming, Cannery Casino Resorts, Columbia Sussex, Current, Dan Lee, Harrah's, Isle of Capri, Louisiana, Neil Bluhm, Ohio, Penn National, Pennsylvania, Pinnacle Entertainment, Racinos, Regulation, Sheldon Adelson, Tribal, Tropicana Entertainment, Wall Street | 1 Comment

Gambling makes strange bedfellows; Two kinds of Trop trouble

Posted on March 9, 2012 by David McKee

Earlier today, we witnessed the strange spectacle of a capitalist decrying the effect of market forces upon his business. It’s an indirect reminder that casinos are that rare issue which brings together the old maids of the far left and … Continue reading →

Posted in Alex Yemenidjian, Atlantic City, Carl Icahn, Current, Economy, Election, Entertainment, Laughlin, Pennsylvania, Sheldon Adelson, Steve Wynn, The Strip, Tropicana Entertainment, TV | 1 Comment

Atlantic City: Low prices and high dudgeon

Posted on March 9, 2012 by David McKee

That shriek of dismay you hear from the direction of Atlantic City is the screech of hotelier Curtis Bashaw (left). What is the cause of his umbrage? The discovery that a hotel room in A.C. can be had for as … Continue reading →

Posted in Atlantic City, Boyd Gaming, Colony Capital, Current, Dennis Gomes, Donald Trump, Economy, Genting, Harrah's, New York, Pennsylvania, Tilman Fertitta, Tourism, Transportation, Tropicana Entertainment | 9 Comments

R.I.P., Dennis Gomes; Casino avalanche in Michigan; Life after UIGEA

Posted on March 8, 2012 by David McKee

There are few real characters in the casino industry anymore. Dennis Gomes (1944-2012) was one of them. His recent death put a premature “full stop” on one of the most colorful and wide-ranging careers gaming has seen. After all, how … Continue reading →

Posted in Atlantic City, Colony Capital, Dennis Gomes, Detroit, Donald Trump, Economy, Election, Harrah's, history, Illinois, International, Internet gambling, Marketing, MGM Mirage, Movies, Ohio, Penn National, Pokergeddon, Politics, Problem gambling, Regulation, The Mob, The Strip, Tribal | Comments Off on R.I.P., Dennis Gomes; Casino avalanche in Michigan; Life after UIGEA

Biloxi: Isle out, Landry’s in; Grind joints come to Atlantic City

Posted on March 5, 2012 by David McKee

Not even a rocky start in Atlantic City has cooled the ardor of Landry’s Restaurant CEO Tilman Fertitta for new casino acquisitions. Earlier today Landry’s announced that it had bought Isle Casino Hotel, putting Fertitta into the Biloxi market. The … Continue reading →

Posted in Atlantic City, Boyd Gaming, Colony Capital, Current, Downtown, Isle of Capri, Marketing, Massachusetts, Pennsylvania, Singapore, Steve Wynn, Tilman Fertitta, Wall Street | 2 Comments

Sands’ new strategy: Blame Genting; Big Gaming backs Romney

Posted on February 15, 2012 by David McKee

First, the good news. Las Vegas Sands is signaling that it is not going to take its ball and come home from Florida, regardless of what lobbyist Nick Iarossi said last week. However, Sands’ emissary to the Sunshine State, Andy … Continue reading →

Posted in Atlantic City, Carl Icahn, Colony Capital, Current, Donald Trump, Downtown, Economy, Election, Florida, Genting, Goldman Sachs, Harrah's, International, Internet gambling, LVCVA, Politics, Sheldon Adelson, Station Casinos, Steve Wynn, Tamares Group, The Strip, Tropicana Entertainment, Wall Street | 1 Comment

Bluhm, Boyd win in Illinois, everyone else loses

Posted on February 7, 2012 by David McKee

Well, not quite but the headline pretty much gives you January’s narrative in a nutshell. After backing out the contribution made by Neil Bluhm‘s new, category-killing Rivers Casino in Des Plaines, gambling revenue from the Land of Lincoln was a … Continue reading →

Posted in Atlantic City, Boyd Gaming, Carl Icahn, Columbia Sussex, Culinary Union, Current, Harrah's, Illinois, International, Internet gambling, MGM Mirage, Neil Bluhm, Penn National, Politics, Racinos, Regulation, Slot routes, Tilman Fertitta, Tropicana Entertainment, Wall Street | 1 Comment

Dear Floridians …; Mission unfinished; Blue skies

Posted on January 30, 2012 by David McKee

Sarah Palin says, “vote for Newt, annoy a liberal, vote Newt.” I say, “Vote Newt, please, because the concurrent stream of Sheldon Adelson stories is a blogger’s dream come true. Keep that gravy train going!” (Besides, it’s had the side … Continue reading →

Posted in Ameristar, Atlantic City, Current, Election, Environment, Florida, Harrah's, International, Louisiana, Marketing, Massachusetts, Mississippi, New York, Ohio, Penn National, Politics, Problem gambling, Sheldon Adelson, South Carolina, Steve Wynn, TV | 3 Comments

When executives attack; Sheldon’s new beard; Wall Street loves it some MGM

Posted on January 24, 2012 by David McKee

Few YouTube feeds are more prolific and state of the art than that of Station Casinos (although they really ought to think twice about posting cell-phone footage online; it looks rinky-dink). However, what you will not see is an ad … Continue reading →

Posted in Atlantic City, Boyd Gaming, Colony Capital, Culinary Union, Current, Election, Florida, Macau, MGM Mirage, Sheldon Adelson, Station Casinos, Texas, TV, Wall Street | 2 Comments

Miller Time in Maryland; The sorrows of Marrandino

Posted on January 20, 2012 by David McKee

No question about it, THE gaming-industry story of 2011 was both an economic and political one: How the Great Recession has essentially broken the back of anti-gambling resistance in the corridors of American power. We can see it up and … Continue reading →

Posted in Atlantic City, Boyd Gaming, Cordish Co., Current, Dan Lee, Economy, Entertainment, Harrah's, Louisiana, Maryland, MGM Mirage, Pinnacle Entertainment, Politics, Taxes, Tropicana Entertainment | Comments Off on Miller Time in Maryland; The sorrows of Marrandino