Category Archives: Atlantic City

Why is this man smiling? (And other Case Bets)

Posted on April 11, 2011 by David McKee

Because Sen. Harry Reid‘s decision not to importune lenders on behalf of Fontainebleau (unlike CityCenter) means he steered clear of a widening circle of litigation and recrimination, that’s why. Among those in the hot seat are hapless James Packer and … Continue reading →

Posted in Atlantic City, Boyd Gaming, Carl Icahn, Colony Capital, Current, Dennis Gomes, Donald Trump, Economy, Fontainebleau, Harrah's, Harry Reid, James Packer, Regulation, Sports, Tourism, Tropicana Entertainment | 6 Comments

As Steve Wynn said …

Posted on April 8, 2011 by David McKee

… you have to admire Donald Trump because it’s not easy to go bankrupt when you own three casinos. The years! The billions! The hairdos! His current ego-gratification tour is taking him to Arizona. I dare him to come on … Continue reading →

Posted in Atlantic City, Current, Donald Trump, Economy, Election, Steve Wynn, The Strip, Wall Street | 3 Comments

Station hearts Goodman … Carolyn, that is

Posted on April 4, 2011 by David McKee

In what may be a historic first, Frank Fertitta III, Lorenzo Fertitta and their rival Texas cousin Tilman Fertitta all agree upon something: Carolyn Goodman‘s mayoral candidacy. As in, they’re for it. Once you lump together Zuffa (parent of the … Continue reading →

Posted in Atlantic City, Boyd Gaming, Current, Don Barden, Donald Trump, Downtown, Election, Florida, Golden Gaming, history, International, Jack Binion, Michael Gaughan, Oscar Goodman, Sheldon Adelson, Sports, Station Casinos, Tamares Group, The Strip, Tilman Fertitta | 2 Comments

New Jersey rides the Four Horsemen

Posted on March 30, 2011 by David McKee

… of online gambling. So writes IAM Corp. CEO Peter Karroll, S&G‘s newest guest blogger. To wit: Recently in New Jersey, Gov. Chris Christie vetoed the legalization of online gaming, pointing to the prospect of backroom gambling shops popping up … Continue reading →

Posted in Atlantic City, Current, International, Internet gambling, Marketing, Problem gambling, Regulation | Comments Off

Quote of the Day

Posted on March 29, 2011 by David McKee

“I don’t take him seriously even as a guy who runs casinos.” — Bill Maher on the subject of Donald J. Trump, on tonight’s edition of Hardball.

Posted in Atlantic City, Donald Trump, Election, TV | Comments Off

Crazy, party of one

Posted on March 28, 2011 by David McKee

It’s been years — if not decades — since Donald Trump was taken seriously. Why should his publicity-stunt “presidential campaign” be any different? If Winston Churchill had nothing to offer his countrymen but blood, toil, tears and sweet, Trump has … Continue reading →

Posted in Atlantic City, Current, Election, Sheldon Adelson, TV | Comments Off

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

Packer packs it in; Lights out at Resorts A.C.

Posted on March 22, 2011 by David McKee

James Packer‘s had enough of the U.S. casino market. While not definitively ruling out a return to the American gaming industry, the minority owner of Cannery Casino Resorts makes it clear that he’s neither the stomach nor the lucre for … Continue reading →

Posted in Atlantic City, Australia, Boulder Strip, Boyd Gaming, Cannery Casino Resorts, Colony Capital, Dennis Gomes, history, James Packer, Macau, Melco Crown Entertainment, North Las Vegas, Pennsylvania, Racinos, Station Casinos, The Strip, Tribal, Wall Street | 2 Comments

Adelson hits Florida speed bump

Posted on March 22, 2011 by David McKee

Gov. Rick Scott‘s big — and rather sudden — push to bring (more) private-sector casinos to Florida has run into a road block. The governor’s Tea Party base, of all people, is throwing up opposition … and not for the … Continue reading →

Posted in Atlantic City, Current, Genting, Horseracing, Isle of Capri, Minnesota, Mississippi, New York, Pennsylvania, Politics, Racinos, Reno, Sheldon Adelson, Tourism, Tribal | 5 Comments

More fun with geography; Langford & The Man; Caesars’ rough week

Posted on March 18, 2011 by David McKee

What’s in a mile? A lot more than you might think, especially if you’re a Maine legislator. Confronted with a pesky requirement that gambling venues in the Pine Tree State must have 100-mile exclusivity zones, some would redefine a “mile” … Continue reading →

Posted in Atlantic City, Don Barden, Economy, Election, Harrah's, Horseracing, Illinois, Indiana, Macau, Maine, Neil Bluhm, Penn National, Pennsylvania, Politics, Racinos, Sheldon Adelson, Sports, Taxes, The Strip, Wall Street | 1 Comment

Good news from an unexpected source

Posted on March 10, 2011 by David McKee

Atlantic City hit the big 3-0 in February: 30 straight months on revenue declivity, says J.P. Morgan (31, according to Wells Fargo). However, the rate of decline (1.4%) was the smallest since April of last year. With Genting Bhd‘s racino … Continue reading →

Posted in Atlantic City, Boyd Gaming, Carl Icahn, Colony Capital, Current, Dennis Gomes, Donald Trump, Economy, Genting, Harrah's, New York, Ohio, Penn National, Racinos, Tourism, Tropicana Entertainment | 1 Comment

This just in: NV ponders ‘Net bets

Posted on March 10, 2011 by David McKee

While certain politicians and even casino executives continue to keep a finger in the dike that protects Americans from — gasp! — gambling online, the dike is fast crumbling around them. Nevada is the latest state to join the jailbreak. … Continue reading →

Posted in Atlantic City, Current, Economy, Harrah's, International, Internet gambling, Iowa, Politics, Regulation, Taxes | Comments Off

Wynn hearts Pinnacle; Harrah’s demands aesthetic restraint

Posted on March 9, 2011 by David McKee

Now that former Mirage Resorts CFO Dan Lee is long gone from Pinnacle Entertainment, too, former Lee boss Steve Wynn seems to have changed his opinion about Pinnacle. While I (erroneously) thought that Pinnacle CEO Anthony Sanfilippo‘s erstwhile ties to … Continue reading →

Posted in Architecture, Atlantic City, Current, Dan Lee, Harrah's, Indiana, Internet gambling, Isle of Capri, Louisiana, Marketing, Missouri, Penn National, Pinnacle Entertainment, Planet Hollywood, Regulation, Steve Wynn, The Strip, Tourism, Wall Street | 1 Comment

Loveman 1, Atlantic City 0

Posted on March 3, 2011 by David McKee

After much Hamlet-like deliberation, Gov. Chris Christie (R) put his ixnay on a bill that would have made Internet gambling legal within New Jersey. Citing constitutional issues, he said legislators ought to put the issue to popular vote … a … Continue reading →

Posted in Atlantic City, California, Florida, Harrah's, Illinois, Internet gambling, Iowa, New York, Politics | 1 Comment

Seminoles’ big payday; ‘Net-bet stampede: It’s on

Posted on March 2, 2011 by David McKee

After a full year of Class III gambling, the Seminole Tribe has grossed $2 billion. Depending on how considerably that amount ramps up, the State of Florida will enjoy at least a $1 billion “rake” by the end of Gov. … Continue reading →

Posted in Architecture, Atlantic City, Current, Florida, Harrah's, Internet gambling, Isle of Capri, Kentucky, MGM Mirage, Politics, Racinos, Sheldon Adelson, Steve Wynn, Taxes, The Strip, Tribal | 4 Comments

Gary Loveman, not so visionary

Posted on February 18, 2011 by David McKee

Here’s a hypothesis for why the lenders holding the note on Colony Capital‘s underwater (more like submerged in Davey Jones’ Locker), market-lagging Atlantic City Hilton believe they can get as much as $75 million for the old place. If state … Continue reading →

Posted in Alabama, Atlantic City, Colony Capital, Harrah's, Harry Reid, Internet gambling, Politics, Regulation, Sheldon Adelson, Technology | 7 Comments

Dan Lee’s revenge & comeuppance for Penn in Louisiana

Posted on February 17, 2011 by David McKee

While the casino industry suffers no shortage of big egos, Penn National Gaming CEO Peter Carlino zooms past that, heading full speed toward arrogance. When not trying to use the political process to sandbag its competitors, Penn occasionally builds casinos. … Continue reading →

Posted in Atlantic City, Current, Dan Lee, Economy, Kansas, Louisiana, M Resort, Missouri, Ohio, Penn National, Pinnacle Entertainment, Regulation, Texas, Wall Street | 9 Comments

Sheldon Adelson, Man of La Mancha

Posted on February 17, 2011 by David McKee

Life’s being pretty good these days to Las Vegas Sands, thanks in part to better-than-expected convention traffic at Marina Bay Sands (offsetting tepid meeting/expo biz in Macao). In addition to eyeballing Florida, Texas, Massachusetts and Japan, CEO Sheldon Adelson has … Continue reading →

Posted in Alex Yemenidjian, Atlantic City, Current, Downtown, Economy, Florida, Genting, International, Macau, Massachusetts, Oscar Goodman, Pennsylvania, Regulation, Sheldon Adelson, Singapore, Texas, The Strip, Tourism, TV | 2 Comments

Marina: Trump out, Tilman in

Posted on February 15, 2011 by David McKee

Our long national nightmare is over. Trump Entertainment Resorts has finally unloaded that pariah known as Trump Marina and for a pittance: $38 million. Just when it looked like Trump couldn’t give the place away, Landry’s Restaurants CEO Tilman Fertitta … Continue reading →

Posted in Atlantic City, Boyd Gaming, Colony Capital, Current, Donald Trump, Economy, Harrah's, Regulation | 3 Comments

Caesars too good for Cincy

Posted on February 11, 2011 by David McKee

Congratulations, Cincinnati, you’re getting a Horshoe-branded casino. Yup, the relatively low-key casino planned for the Queen City’s historic district is getting the most down-market of the company’s three brands. This despite the fact that there’s already a Horseshoe casino just … Continue reading →

Posted in Atlantic City, Current, Economy, Harrah's, Indiana, International, Louisiana, Marketing, Neil Bluhm, Pennsylvania, Racinos | 15 Comments