Category Archives: Boyd Gaming

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

Suicide Sharron; Gossy-ness is back; Borgata’s buyer unmasked

Posted on October 21, 2010 by David McKee

Sharron Angle‘s latest kamikaze dive into the CityCenter aircraft carrier has sparked quite a bit of discussion in the S&G “Comments” threads. A couple of things spring to mind. One, if she is now alleging that MGM Resorts International imported … Continue reading →

Posted in Alex Yemenidjian, Architecture, Atlantic City, Boyd Gaming, CityCenter, Economy, Election, Entertainment, George Maloof, International, Marketing, MGM Mirage, Penn National, Politics, Taxes, The Strip, Wall Street | 5 Comments

Kerkorian’s mixed message; Winners & Losers

Posted on October 13, 2010 by David McKee

Earlier this week, Hudson Securities analyst Robert LaFleur — something of a maverick in the gaming sector — voiced doubts about MGM Resorts International‘s ability to sustain its debt covenants. With an overhang of $13 million in debt, few properties … Continue reading →

Posted in Atlantic City, Boyd Gaming, CityCenter, Current, Detroit, Economy, Harrah's, International, Louisiana, M Resort, Macau, MGM Mirage, Morgans Hotel Group, Neil Bluhm, Ohio, Penn National, Pennsylvania, Pinnacle Entertainment, Reno, Sheldon Adelson, The Strip, Tourism, Tribal, Vdara Death Ray, Wall Street | 4 Comments

Atlantic City: It could have been worse; Hard Rock changes its tune

Posted on October 12, 2010 by David McKee

OK, so September’s numbers from Atlantic City only represent one month of competition from SugarHouse, in Philadelphia. However, with every other casino in Pennsylvania having enjoyed two full months of table games, a 12% dropoff isn’t as bad as I … Continue reading →

Posted in Atlantic City, Boyd Gaming, Carl Icahn, Colony Capital, Current, Detroit, Dining, Donald Trump, Economy, Harrah's, M Resort, Marketing, MGM Mirage, Morgans Hotel Group, Neil Bluhm, Pennsylvania, The Strip, Tropicana Entertainment | 2 Comments

Ameristar’s altruism … and so much more

Posted on October 6, 2010 by David McKee

Gaming regulators in Missouri got a little unsolicited advice from Ameristar Casinos as to where to put Casino License #13. Ameristar Vice President of Government Relations & Public Affairs Troy Stremming commissioned a study on the matter. Its shocking conclusion: … Continue reading →

Posted in Ameristar, Arizona, Atlantic City, Boyd Gaming, California, Colony Capital, Cretins, Current, Dennis Gomes, Economy, Genting, Harrah's, Horseracing, Isle of Capri, Louisiana, Macau, Marketing, MGM Mirage, Missouri, New York, Penn National, Pinnacle Entertainment, Politics, Racinos, Regulation, Sheldon Adelson, Station Casinos, Steve Wynn, Tourism, Tribal, TV, West Virginia | 5 Comments

Case Bets: Maryland, New Jersey, Arizona & the Riv

Posted on October 6, 2010 by David McKee

Although the Maryland public has warmed up to the idea of table games, casinos in Pennsylvania, West Virginia, Delaware and New Jersey needn’t lose sleep: Marylanders are at least two years — probably four — from voting table games into … Continue reading →

Posted in Arizona, Atlantic City, Boyd Gaming, Current, Economy, Election, Horseracing, Marketing, Maryland, MGM Mirage, Politics, Riviera, Taxes, The Strip, Tourism, Tribal | 2 Comments

Days of Reckoning

Posted on October 5, 2010 by David McKee

Pinballing between projects, I’ll try to carom off the “blogging” bumper for a moment here … 1,075. That’s the magic number of feet below which Lake Mead cannot drop lest Hoover Dam should become inoperable — plunging Clark County into … Continue reading →

Posted in Boyd Gaming, Current, Downtown, Economy, Environment, Harrah's, history, MGM Mirage, The Strip, Tilman Fertitta, Tourism | 5 Comments

Barrack 1, Bankers 0; Criminal stupidity

Posted on September 24, 2010 by David McKee

A skirmish over the fate of the Atlantic City Hilton ended in victory for Colony Capital. A Superior Court judge decided there were too many unresolved issues in the dissolution of Colony’s East Coast casino portfolio to warrant taking the … Continue reading →

Posted in Atlantic City, Boyd Gaming, California, Colony Capital, Columbia Sussex, Current, Economy, Harrah's, Horseracing, International, Lake Tahoe, Marketing, Massachusetts, MGM Mirage, Mississippi, Neil Bluhm, Pennsylvania, Politics, Racinos, Regulation, Sports, Station Casinos, The Strip, Tilman Fertitta, Tourism, Tribal, Wall Street | 1 Comment

Would you buy a used casino from this man?

Posted on September 10, 2010 by David McKee

Donald Trump has even more reason to scowl and squint today. His old buddy Richard Fields — to my complete non-surprise — walked away from his interminably protracted attempt to buy Trump Marina at ever-lower prices. (He’s got a point: … Continue reading →

Posted in Atlantic City, Boyd Gaming, Current, Dennis Gomes, Donald Trump, Economy, Harrah's, MGM Mirage | 1 Comment

Singapore keeps on booming; Kudos to WMS, Golden Gaming

Posted on September 9, 2010 by David McKee

While it’s still a stretch that Sheldon Adelson is going to bank an annual $1 billion profit on Marina Bay Sands, as he predicts, he’s making money hand over fist there anyway. J.P. Morgan analysts say Marina Bay is on … Continue reading →

Posted in Boyd Gaming, Current, Downtown, Economy, Golden Gaming, Marketing, Morgans Hotel Group, Sheldon Adelson, Singapore, Station Casinos, Steve Wynn, Technology, Wall Street, WMS Industries | Comments Off on Singapore keeps on booming; Kudos to WMS, Golden Gaming

Western Passage & the new Rat (Rod) Pack

Posted on September 8, 2010 by David McKee

Let’s try this again … Today’s guest blog hails from the keyboard of reader Jeff_in_OKC who recently paid not one, not two but three (brave man!) visits to the Western Hotel, on the fringe of downtown Las Vegas. The Western … Continue reading →

Posted in Architecture, Archon Corp., Boulder Strip, Boyd Gaming, Current, Dining, Downtown, Economy, Entertainment, Harrah's, history, Laughlin, Marketing, MGM Mirage, Michael Gaughan, Oscar Goodman, Sahara, Tamares Group, The Strip, Tourism, Transportation | 12 Comments

Crisis point in Atlantic City

Posted on August 19, 2010 by David McKee

If nothing else gets recalcitrant legislators off their duffs and behind Gov. Chris Christie‘s intervention on behalf of Atlantic City, maybe these numbers will. In the last quarter, only four casinos turned a profit. Harrah’s Entertainment‘s Showboat and Harrah’s Marina … Continue reading →

Posted in Atlantic City, Boyd Gaming, Carl Icahn, Colony Capital, Donald Trump, Economy, Harrah's, Penn National, Politics, Sahara, The Strip, Tropicana Entertainment | Comments Off on Crisis point in Atlantic City

Who needs M most?; Station’s glass jaw

Posted on August 17, 2010 by David McKee

In a shocker of a scoop, The Newspaper That Must Not Be Cited revealed yesterday that a $700 million stake in $1 billion M Resort was being shopped around by the resort’s lead banker. While this probably says more about … Continue reading →

Posted in Atlantic City, Boulder Strip, Boyd Gaming, California, Carl Icahn, Colony Capital, Cosmopolitan, Current, Downtown, Economy, Kansas, M Resort, Maryland, MGM Mirage, Michael Gaughan, North Las Vegas, Ohio, Penn National, Pinnacle Entertainment, Riviera, Station Casinos, The Strip, Tourism, Tropicana Entertainment, Wall Street | 8 Comments

Vegas: Frugality is the new liquidity

Posted on August 16, 2010 by David McKee

I’m sure I speak for some of colleagues in the biz when I say that, on certain subjects, we feel like we’re writing the same story over and over again. (Which is provides yet another reason for our collective fascination … Continue reading →

Posted in Boulder Strip, Boyd Gaming, CityCenter, Cosmopolitan, Current, Downtown, Economy, Mesquite, MGM Mirage, Station Casinos, Steve Wynn, The Strip, Tourism, Tribal | 12 Comments

12 best things about the Station bankruptcy auction

Posted on August 12, 2010 by David McKee

1. Don’t have to keep “OpCo,” “PropCo” and “LandCo” straight anymore. 2. No casinos placed in receivership or shut down. 3. No more having to spell-check whether it’s Judge “Greg” or “Gregg” Zive. (It’s the latter, in case you were … Continue reading →

Posted in Boyd Gaming, Colony Capital, Current, Station Casinos, Taxes, The Strip, Tourism | 4 Comments

Underwater at the Westin

Posted on August 11, 2010 by David McKee

If you’re having to go hat in hand to the bank to ask for a renegotiated home loan, take comfort in the thought that you’re hardly alone. Even plutocrats like Columbia Sussex CEO William J. Yung are having to plead … Continue reading →

Posted in Boyd Gaming, Columbia Sussex, Current, Economy, Entertainment, Harrah's, Station Casinos, The Strip, Wall Street | 2 Comments

Ameristar up for grabs

Posted on August 11, 2010 by David McKee

Having been in “stay the course” mode ever since the death of company founder Craig H. Neilsen, locals giant Ameristar Casinos is putting itself on the block. According to the New York Post, the company has hired an investment bank … Continue reading →

Posted in Ameristar, Atlantic City, Boyd Gaming, Current, Harrah's, Illinois, Indiana, Iowa, MGM Mirage, Missouri, Penn National, Pinnacle Entertainment, Regulation, Station Casinos, Wall Street | 1 Comment

Atlantic City: It could be worse

Posted on August 10, 2010 by David McKee

Considering that table games were up and running in Delaware and gradually rolling out in Pennsylvania, it comes as a pleasant surprise to see that Atlantic City was only down 5% in July. Frankly, I was expecting much worse, especially … Continue reading →

Posted in Atlantic City, Boyd Gaming, Carl Icahn, Colony Capital, Columbia Sussex, Current, Donald Trump, Economy, Entertainment, Harrah's, Horseracing, Macau, Marketing, MGM Mirage, New York, Pansy Ho, Pennsylvania, Politics, Racinos, Regulation, Technology, Tourism, Tropicana Entertainment, Wall Street | 4 Comments

Case Bets: New Jersey; A lucky guy; Genting’s good fortune

Posted on August 9, 2010 by David McKee

Garden State Gov. Chris Christie (R-N.J.) may have excluded sports betting as a new revenue source for the state’s besieged casino industry. As expected, state Sen. Raymond Lesniak (D, left) tuned the governor out and continues to pursue legalization of … Continue reading →

Posted in Atlantic City, Boyd Gaming, Colony Capital, Cordish Co., Current, Donald Trump, Downtown, Economy, Genting, Harrah's, International, Macau, New York, Politics, Racinos, Regulation, Singapore, Sports, Tamares Group, Tourism | 1 Comment

The great train robbery

Posted on August 6, 2010 by David McKee

Take that, Boyd Gaming, ya varmints! To paraphrase vile Remington Products CEO Victor Kiam (1926-2001), the Fertitta Brothers liked Station Casinos so much they stole the company. Not only did three Fertitta siblings and an in-law cash out during the … Continue reading →

Posted in Boyd Gaming, Current, Penn National, Station Casinos, Wall Street | 7 Comments