Category Archives: Atlantic City

Quote of the Day

Posted on March 2, 2010 by David McKee

“I have a special place in my heart for Atlantic City. Atlantic City will reach new heights when the economy turns around.” — TV star and sometime casino owner Donald Trump, who apparently is privy to economic indicators unavailable to … Continue reading →

Posted in Atlantic City, Donald Trump, Economy | 2 Comments

Macao’s big ass-month

Posted on March 1, 2010 by David McKee

Casinos in Macao blew way past expectations, raking in $1.6 billion last month (a 70% increase). Stanley Ho‘s SJM widened its lead on Las Vegas Sands, although the latter had more market share (20%) than MGM Grand Macau and Galaxy … Continue reading →

Posted in Architecture, Atlantic City, Economy, Environment, Florida, Genting, Harrah's, James Packer, Lawrence Ho, Macau, Melco Crown Entertainment, MGM Mirage, Politics, Racinos, Regulation, Sheldon Adelson, Singapore, Stanley Ho, Steve Wynn, The Strip, Tribal, Wall Street | Comments Off on Macao’s big ass-month

Quote of the Day

Posted on February 25, 2010 by David McKee

“I know Carl [Icahn] better than my lawyers and Carl spends nothing. I would be surprised if he spent $3 … If Carl spends 10 cents, it’s a major event.” — exiled, orange-hued casino CEO Donald Trump, dissing rival Icahn … Continue reading →

Posted in Atlantic City, Carl Icahn, Current, Donald Trump | 3 Comments

Case Bets: “Viva Elvis,” Loveman in Macao, Icahn in A.C., etc.

Posted on February 24, 2010 by David McKee

Viva Elvis vs. Love. The Sun‘s John Katsilometes pivots it to a question of “Whose music is better?” I’m not going there but I think he really nails why one show seemed right up Cirque du Soleil‘s alley while the … Continue reading →

Posted in Atlantic City, Boulder Strip, Boyd Gaming, Carl Icahn, Cirque du Soleil, CityCenter, Current, Don Barden, Donald Trump, Economy, Entertainment, Harrah's, Indiana, International, Isle of Capri, James Packer, Lawrence Ho, Macau, Melco Crown Entertainment, MGM Mirage, Penn National, Pennsylvania, Pinnacle Entertainment, Politics, Racinos, Regulation, Sheldon Adelson, Stanley Ho, Tribal, Tropicana Entertainment | 5 Comments

This just in: Wynn goes to Philly

Posted on February 23, 2010 by David McKee

As of this moment (i.e., while I’m typing), Hunter Hillegas‘ blog has what neither the Las Vegas Sun nor the Las Vegas Review-Journal do: the breaking news that, yes indeed, Wynn Resorts is riding to the rescue of the hapless … Continue reading →

Posted in Architecture, Atlantic City, Boyd Gaming, Current, MGM Mirage, Pennsylvania, Regulation, Sheldon Adelson, Steve Wynn, Tribal, Wall Street | 5 Comments

Case Bets: Boyd speaks, Kansas stalls & problem gamblers get the shaft

Posted on February 23, 2010 by David McKee

Boyd Gaming CEO Keith Smith weighs in on the subject of emerging markets. Significant by its omission: Florida. Boyd got its fingers burnt down there and knows better than some in the industry that it’s not the Land of Opportunity … Continue reading →

Posted in Atlantic City, Boyd Gaming, Current, Detroit, Economy, Florida, Kansas, Lyle Berman, Midnight Jim Gibbons, Politics, Problem gambling, Regulation, Sheldon Adelson, Tamares Group, Tribal | Comments Off on Case Bets: Boyd speaks, Kansas stalls & problem gamblers get the shaft

“The worst riverboat casino in the world”

Posted on February 23, 2010 by David McKee

That’d be the President, symbolic flagship of Pinnacle Entertainment‘s fleet. The St. Louis Post-Dispatch has an excellent story, laying out the complexities surrounding the Missouri Gaming Commission‘s legally dubious move to shut the old ship down. There are no heroes … Continue reading →

Posted in Atlantic City, Columbia Sussex, Current, Missouri, Pinnacle Entertainment, Politics, Regulation | 4 Comments

Case Bets: Wynn in Philly, topless in Vegas, Pegasus crashes

Posted on February 22, 2010 by David McKee

It’s a slow news day in the industry, though not without its amusing elements. For instance, the Philadelphia Inquirer devoted a significant amount of ink to the weighty question of whether half-dozen casinos in the greater Philly area might be … Continue reading →

Posted in Atlantic City, Cannery Casino Resorts, CityCenter, Current, Economy, Entertainment, Genting, Harrah's, MGM Mirage, Neil Bluhm, Pennsylvania, Racinos, Regulation, Sheldon Adelson, Singapore, Stanley Ho, Steve Wynn, The Strip, Tribal | 1 Comment

Sands & MGM previewed

Posted on February 16, 2010 by David McKee

Weighing in ahead of Las Vegas Sands and MGM Mirage conference calls, J.P. Morgan analysts have some early projections. They remain bullish on Marina Bay Sands, although it may now open in late May. (Incredibly, Morgan says this one-month discrepancy … Continue reading →

Posted in Atlantic City, Current, Economy, International, Macau, MGM Mirage, Pansy Ho, Pennsylvania, Regulation, Sheldon Adelson, Singapore, Steve Wynn, The Strip, Tourism, Wall Street | 6 Comments

Harrah’s: too big to fail

Posted on February 16, 2010 by David McKee

Take a good look at that fresh-faced man to the left. His name is Jonathan Halkyard and he’s the CFO of Harrah’s Entertainment. If he seems like a kid who’s running up a reckless tab on Dad’s credit card, blame … Continue reading →

Posted in Atlantic City, Harrah's, Herbst Gaming, James Packer, Lake Tahoe, Melco Crown Entertainment, Ohio, Planet Hollywood, Racinos, Station Casinos, The Strip, Wall Street | Comments Off on Harrah’s: too big to fail

The Flying Dutchman of the Strip

Posted on February 16, 2010 by David McKee

Pity poor Rockstar: The Tribute. It briefly played Planet Hollywood‘s Wyrick Entertainment Complex last June, then got the boot. An announced revival at the Harmon Theater never materialized. A late-2009 move to the Riviera was ballyhooed. Guess what? Rockstar never … Continue reading →

Posted in Atlantic City, Economy, Environment, Harrah's, MGM Mirage, Planet Hollywood, Regulation, Riviera, Sheldon Adelson, Steve Wynn, The Strip | 2 Comments

Aqueduct: Penn got hosed

Posted on February 12, 2010 by David McKee

Despite its runaway hyperbole, this Empire State editorial makes a good point: The Aqueduct racino deal smells like a week-old fish and ought to be investigated. (It isn’t — but it should be.) Since all bids involved multiple players, sorting … Continue reading →

Posted in Alabama, Atlantic City, Carl Icahn, Downtown, Fontainebleau, Harrah's, Macau, MGM Mirage, New York, Penn National, Pennsylvania, Politics, Racinos, Sahara, Steve Wynn, Tamares Group, The Strip, Tribal, TV | 2 Comments

Macao even more profitable than previously thought

Posted on February 10, 2010 by David McKee

If the Chinese government isn’t handing free money to casino operators in Macao, they’re getting the next best thing: free land. Due to the exceptionally slow-moving nature of Macanese governmental paperwork, casino developers have been able to build on their … Continue reading →

Posted in Atlantic City, California, Horseracing, Internet gambling, Macau, Melco Crown Entertainment, Neil Bluhm, Pennsylvania, Pinnacle Entertainment, Racinos, Regulation, Sheldon Adelson, Taxes | 4 Comments

Aren’t we glad?

Posted on February 9, 2010 by David McKee

When given lemons, make lemonade. When hit with a throat infection, lay low and scrounge around for S&G fodder. So it is today — and I didn’t have to scrounge very far. While Las Vegas didn’t dodge too many bullets … Continue reading →

Posted in Alabama, Architecture, Atlantic City, Bally Technologies, Carl Icahn, Dubai, Economy, Entertainment, Harrah's, IGT, Illinois, Indiana, James Packer, Pennsylvania, Planet Hollywood, Regulation, Steve Wynn, Technology, The Strip, Transportation, Tropicana Entertainment, Wall Street, WMS Industries | 3 Comments

Thinking small

Posted on January 29, 2010 by David McKee

A new analysis of the White House‘s latest set of proposed economic stimuli tells us not to expect much … and why. Since the main target for pump-priming is small business, we’ll not expect much of any direct benefit to … Continue reading →

Posted in Atlantic City, Current, Economy, The Strip | 4 Comments

Case Bets: Net Bets, Harrah’s money grab & why China matters

Posted on January 20, 2010 by David McKee

Mark Juliano, CEO of Trump Entertainment Resorts, has been all over the papers lately. First, he came out in support of a massive taxpayer subsidy (backed by two unions) that would forgive Revel 75% of its room and sales taxes … Continue reading →

Posted in Atlantic City, Current, Donald Trump, Economy, Harrah's, Horseracing, International, Internet gambling, Macau, MGM Mirage, Midnight Jim Gibbons, Politics, Racinos, Regulation, Taxes, The Strip | 3 Comments

Happy ending for “Aztar”

Posted on January 15, 2010 by David McKee

Here’s a feel-good story to help ring out the week. The Indiana Gaming Commission has approved Tropicana Entertainment as a suitable owner-operator for the Casino Aztar riverboat, berthed in Evansville. There are a number of contingencies, primarily the plunking down … Continue reading →

Posted in Atlantic City, Columbia Sussex, Current, Entertainment, Harrah's, Indiana, Labor, Louisiana, Steve Wynn, Tribal, Tropicana Entertainment | 1 Comment

Quote of the Day

Posted on January 13, 2010 by David McKee

“Atlantic City has a lot to offer visitors in addition to gambling. When the economy improves and people have more money to spend on entertainment, Atlantic City will draw more and more people interested in visiting our shops, enjoying a … Continue reading →

Posted in Atlantic City, Economy, Steve Wynn, Tourism | 8 Comments

Back to normal

Posted on January 12, 2010 by David McKee

For starters, let’s just write off 2006-7 as an aberration. While dancing in the streets is premature, Nevada‘s casino revenues from November ($873 million) at least give us an excuse to breathe a sigh of relief — especially when other … Continue reading →

Posted in Atlantic City, Boulder Strip, Current, Downtown, Economy, Harrah's, Illinois, Indiana, Lake Tahoe, Missouri, North Las Vegas, The Strip, Wall Street | 1 Comment

That casino smell

Posted on January 11, 2010 by David McKee

As you step through the front doors of Aria‘s check-in foyer, a too-heavy musk is jammed up your nostrils. It smells like the same suffocating attar that’s employed in Venelazzo, except maybe heavier. The good news is that if you … Continue reading →

Posted in Archon Corp., Atlantic City, Baseball, CityCenter, Current, Economy, Florida, Harry Reid, Marketing, MGM Mirage, Politics, Sheldon Adelson, Sports | 4 Comments