Category Archives: Atlantic City

Burnt out at Marina Bay Sands; Winners in Atlantic City

Posted on January 28, 2011 by David McKee

Another day, another Las Vegas Sands executive falls by the wayside. In the case of Marina Bay Sands, it sounds like CEO Thomas Arasi has been burned out in what must have been a pretty intense 18 months at the … Continue reading →

Posted in Atlantic City, Boyd Gaming, Colony Capital, Cordish Co., Current, Dennis Gomes, Donald Trump, Economy, Harrah's, IGT, International, Macau, Marketing, Maryland, Penn National, Politics, Racinos, Sheldon Adelson, Singapore, Tilman Fertitta, Tourism, Wall Street, WMS Industries | 3 Comments

Quote of the Day

Posted on January 27, 2011 by David McKee

“Needless to say, gambling can indeed be a safe activity, gambling is common, and state-regulated casinos are not inappropriate locations for gambling.” — federal Judge Renée Marie Bumb, rejecting the claim of disbarred New Jersey attorney and compulsive gambler Arelia … Continue reading →

Posted in Atlantic City, Current, Problem gambling, Regulation | Comments Off on Quote of the Day

Quote of the Day

Posted on January 14, 2011 by David McKee

“Our intent is to be a large capital facilitator to enable SBE to embark on a shopping spree through the rubble and wreckage of a stretched industry, and do those bold things that others would not consider.” — Colony Capital … Continue reading →

Posted in Atlantic City, Colony Capital, Economy, Sahara, Station Casinos, Wall Street | 1 Comment

What did I just say?

Posted on January 12, 2011 by David McKee

I’m one state closer to making the “under” on my over/under of states likely to put online wagering on the docket this session. Both houses of the New Jersey Legislature have given their approval to a bill that now goes … Continue reading →

Posted in Atlantic City, Cordish Co., Current, Election, Harrah's, International, Internet gambling, Maryland, Massachusetts, Penn National, Pennsylvania, Racinos, Regulation, Sports, Taxes | 1 Comment

Nevada’s November: rough sledding; Sunny Sheldon

Posted on January 11, 2011 by David McKee

If pressed for a prediction, I’d say 2011 will be a good year for the Strip, not so much for the rest of the Silver State. Just when I was feeling a bit queasy about November’s gaming revenues, Dr. David … Continue reading →

Posted in Atlantic City, Boulder Strip, Boyd Gaming, California, Cretins, Current, Downtown, Florida, Horseracing, Laughlin, LVCVA, Macau, Massachusetts, MGM Mirage, North Las Vegas, Politics, Regulation, Sheldon Adelson, Stanley Ho, Station Casinos, Steve Wynn, Tourism, TV, Wall Street | 4 Comments

Harrah’s to Philly: “We’re back!”; MGM tries something new

Posted on January 11, 2011 by David McKee

Or so Ed Snider‘s Philadelphia Entertainment & Development Partnership claims in a new petition to the Pennsylvania Gaming Control, asking for its license back. Snider’s group says that it now has $275 million in seed money sown up and would … Continue reading →

Posted in Atlantic City, CityCenter, Current, Dubai, Economy, Harrah's, Isle of Capri, Marketing, MGM Mirage, Pennsylvania, Pets, Regulation, The Strip, Tourism, Tribal, Wall Street | 3 Comments

Case Bets: Philadelphia, Trump; Adelson’s successor

Posted on January 10, 2011 by David McKee

Even outgoing Pennsylvania Gov. Ed Rendell (D) has thrown in the towel on a second Philadelphia casino. Now that he no longer has to gratify “george” campaign donors, Rendell says it may be time to look elsewhere in the state. … Continue reading →

Posted in Atlantic City, Current, Economy, International, Isle of Capri, Macau, MGM Mirage, Pansy Ho, Pennsylvania, Sheldon Adelson, Singapore, Stanley Ho | 1 Comment

Palms: Maloof out, Loveman in?

Posted on January 6, 2011 by David McKee

Now that Las Vegas has fallen about as far as it can, private equity firms are picking over the city like vultures sampling carrion. Don’t get me wrong: It’s a much smarter strategy than those PE bozos who bought in … Continue reading →

Posted in Atlantic City, Boyd Gaming, Carl Icahn, Colony Capital, Current, Donald Trump, George Maloof, Harrah's, Marketing, MGM Mirage, Regulation, The Strip, TV, Wall Street | 9 Comments

Let it (not) snow!; BP screws casinos

Posted on December 27, 2010 by David McKee

With Atlantic City currently in white-out mode, casino executives must be studying next weekend’s forecast and hoping that it holds true. A few days of above-freezing temperatures ought to give the Boardwalk a chance to melt and shovel its way … Continue reading →

Posted in Atlantic City, Boyd Gaming, Carl Icahn, Current, Dennis Gomes, Economy, Entertainment, Environment, Harrah's, Macau, Marketing, Mississippi, Reno, Sheldon Adelson, Singapore, Tourism, Tropicana Entertainment | 2 Comments

Horseshoe Philadelphia goes into deep freeze

Posted on December 17, 2010 by David McKee

After four interminable years, that on-again/off-again casino project on the Philadelphia waterfront has been put out of its misery. Comcast‘s Ed Snider, his fellow juiced-in investors and putative savior Caesars Entertainment had the rug yanked from beneath them in a … Continue reading →

Posted in Atlantic City, Charity, Current, Economy, Harrah's, Maryland, Pennsylvania, Politics, Regulation, Station Casinos, Steve Wynn, Tribal | Comments Off on Horseshoe Philadelphia goes into deep freeze

Atlantic City’s future: “Bleak”

Posted on December 10, 2010 by David McKee

Such is the prognosis from J.P. Morgan analyst Joseph Greff after the November revenues rolled in from the Boardwalk. Basically, the double-edged sword that was table games in Pennsylvania and a casino in Philadelphia has swung, and lopped 12.5% off … Continue reading →

Posted in Alaska, Atlantic City, Boyd Gaming, Carl Icahn, Colony Capital, Cretins, Current, Dennis Gomes, Donald Trump, Economy, Entertainment, Harrah's, Marketing, Morgans Hotel Group, Movies, Neil Bluhm, Pennsylvania, The Strip, Tilman Fertitta, Tourism, Tribal, Tropicana Entertainment, TV, Wall Street | 1 Comment

Case Bets: Adelson vs. China; Cirque du Avatar? Indiana wallops Illinois

Posted on December 8, 2010 by David McKee

In a lengthy Asia Times dispatch, the reliable Muhammad Cohen runs through various scenarios about why the government of Macao would pull back two Cotai Strip™ sites from a ‘george’ investor like Las Vegas Sands. Since the acreage will probably … Continue reading →

Posted in Ameristar, Atlantic City, Cirque du Soleil, Colony Capital, Economy, Entertainment, Harrah's, Illinois, Indiana, Macau, MGM Mirage, Movies, Ohio, Penn National, Politics, Racinos, Sheldon Adelson, Stanley Ho, Steve Wynn, Tribal | 3 Comments

2014 is the new 2007; Good news from Pennsylvania, Detroit

Posted on December 7, 2010 by David McKee

It will take Las Vegas seven years to return to its former prosperity. Or so concludes a new report from consulting firm PricewaterhouseCoopers, which sees casino revenue improving in late 2011 (in line with a Moody’s Investor Service report that … Continue reading →

Posted in Atlantic City, CityCenter, Current, Detroit, Economy, Harrah's, International, Macau, MGM Mirage, Neil Bluhm, Penn National, Pennsylvania, Plaza, Sheldon Adelson, Singapore, Steve Wynn, Wall Street | 5 Comments

Good news, bad news in Atlantic City; Feinstein: “Stay on the rez!”; Buffalo Bill’s rides again

Posted on December 2, 2010 by David McKee

For once, however, it’s mostly good. Almost entirely good, in fact. The headline item is that Dennis Gomes‘ purchase of Resorts Atlantic City has cleared licensing, sweeping out the disastrous Colony Capital era. Gomes and financier Morris Bailey say $31.5 … Continue reading →

Posted in Alex Yemenidjian, Atlantic City, California, Colony Capital, Cosmopolitan, Current, Dining, Donald Trump, Economy, Harry Reid, Herbst Gaming, M Resort, Marketing, Mississippi, Morgans Hotel Group, Penn National, Politics, Regulation, Sports, Technology, The Strip, Tribal, TV | 4 Comments

Steelman: Small is profitable

Posted on November 15, 2010 by David McKee

Before he got elbowed aside in favor of ‘starchitects,’ Paul Steelman was one of the go-to designers on the Las Vegas Strip. He’s also one of the very few people who can say they’ve worked — without repercussion — for … Continue reading →

Posted in Architecture, Atlantic City, CityCenter, Current, Dining, Economy, Entertainment, IGT, International, Macau, MGM Mirage, Morgans Hotel Group, Sheldon Adelson, Singapore, Stanley Ho, Steve Wynn, Technology, The Strip, Tourism, Transportation | 5 Comments

Steve Wynn & the Half-Blood Princes; Harrah’s thinks ahead; rough road for Revel

Posted on November 9, 2010 by David McKee

Count Wynn Las Vegas President Andrew Pascal among the casualties of Steve Wynn‘s divorce from ex-wife Elaine Wynn. As of Monday, former nephew-in-law Pascal joined the ranks of Nevada‘s unemployed, ceding authority to Marilyn Winn. Pun opportunities aside, Winn’s sudden … Continue reading →

Posted in Atlantic City, California, Current, Economy, Entertainment, Environment, George Maloof, Harrah's, Indiana, Macau, Missouri, Movies, Regulation, Station Casinos, Steve Wynn, The Strip, Tribal, Wall Street | 4 Comments

Harrah’s Lousiana Purchase?

Posted on November 8, 2010 by David McKee

According to an S&G source, Harrah’s Entertainment — soon to be Caesars Entertainment — is supposedly laying the groundwork for a purchase of L’Auberge du Lac from Pinnacle Entertainment. Harrah’s CEO Gary Loveman was supposedly on-property last month and L’Auberge’s … Continue reading →

Posted in Atlantic City, Current, Harrah's, Louisiana, Mississippi, Pinnacle Entertainment, The Strip, Wall Street | 2 Comments

Quote of the Day

Posted on November 3, 2010 by David McKee

“We believe there are a lot of distressed casinos across the country that have attractive assets. We would like to be an acquirer of those assets.” — incoming Trump Entertainment Resorts CEO Robert F. Griffin. Try not to laugh.

Posted in Atlantic City, Current, Donald Trump, Economy | 3 Comments

Quote of the Day

Posted on October 29, 2010 by David McKee

“I’m completely sick and tired of thinking about what took place behind me. We’re ecstatic to be out of bankruptcy with new ownership. We’re well capitalized. I’ll be damned if we’re going to see this thing fail.” — Tropicana Casino … Continue reading →

Posted in Atlantic City, Carl Icahn, Columbia Sussex, Current, Economy, Tropicana Entertainment | 1 Comment

No Borgata buyout for Boyd

Posted on October 25, 2010 by David McKee

As expected, Boyd Gaming has punted on its purchase option for MGM Resorts International‘s half of Borgata. With the emergence of investor Leonard Green as potential co-owner — as opposed to another casino company — Boyd gets what it surely … Continue reading →

Posted in Ameristar, Atlantic City, Boyd Gaming, Harrah's, MGM Mirage, Penn National | 3 Comments