Category Archives: Boyd Gaming

Greek Isles sold, few care

Posted on August 18, 2009 by David McKee

Vegas' hardest-luck casino changed hands … again. Short of another irrational spike in off-Strip land valuations, Canpartners Realty Holding Co. IV LLC is never going to see its $67 million again. The Greek Isles is in a dead zone, a … Continue reading →

Posted in Boyd Gaming, Economy, Encore, Entertainment, Morgans Hotel Group, Politics | Comments Off

Colony Capital strikes (out) again; Big Bleauh

Posted on August 17, 2009 by David McKee

Despite taking a 22% gouge out of expenses, Colony Capital and its Goldman Sachs sidekicks managed to convert a 2Q08 profit to a $10.5 million 2Q09 loss. Revenues were down $30 million (or 40%), half of that from diminished room … Continue reading →

Posted in Atlantic City, Boyd Gaming, Colony Capital, Current, Economy, Fontainebleau, Genting, Harrah's, Laughlin, Mesquite, Penn National, Planet Hollywood, Sheldon Adelson, Singapore, Steve Wynn, The Strip | Comments Off

I was just saying …

Posted on August 12, 2009 by David McKee

… to a colleague that, given Atlantic City‘s dismal July numbers, a plea for governmental assistance had to be just ’round the corner. Well, whaddya know? In at least five instances, Atlantic City’s casinos are run by companies that just … Continue reading →

Posted in Atlantic City, Boyd Gaming, Carl Icahn, Colony Capital, Current, Donald Trump, Economy, Harrah's, MGM Mirage, Tropicana Entertainment | Comments Off

Boyd, Ameristar stable; CityCenter schedule revised

Posted on August 5, 2009 by David McKee

Second-quarter results from Boyd Gaming and Ameristar Casinos gave continued reason to be sanguine about each company. Both reported profits (12 cents per share at Boyd, double that at Ameristar) and both missed their revenue targets by an aggregate of … Continue reading →

Posted in Ameristar, Architecture, Atlantic City, Boyd Gaming, Colorado, Current, Downtown, MGM Mirage, Missouri, Station Casinos, The Strip, Wall Street | Comments Off

McKee vs. Lerner

Posted on August 3, 2009 by David McKee

Actually, the headline misstates what was a very collegial — if occasionally dissenting — exchange of views between Union Gaming Group's Bill Lerner and Yr. Humble Blogger on Jon Ralston's Face to Face show. It was only my second-ever gig … Continue reading →

Posted in Atlantic City, Boulder Strip, Boyd Gaming, Colony Capital, Current, Economy, International, Kansas, Labor, M Resort, Macau, MGM Mirage, Sheldon Adelson, Singapore, Station Casinos, The Strip, TV, Wall Street | Comments Off

Strange happenings at Penn Nat'l, Harrah's

Posted on July 29, 2009 by David McKee

While everybody's been focusing on the implosion of Station Casinos, the analysts at J.P. Morgan snuck out one of the more unusual (and entertaining) reports I've ever come across. They pored over Penn's 2Q09 filing and had some tales to … Continue reading →

Posted in Ameristar, Boyd Gaming, Current, Economy, Harrah's, Illinois, Indiana, Kansas, Louisiana, Marketing, MGM Mirage, Ohio, Penn National, Station Casinos, Wall Street | Comments Off

God, save the Queen!

Posted on July 27, 2009 by David McKee

Another victim of the Comment-Eating Server, Jeff in OKC, writes: Isn't the Queen of Hearts property part of what is to become the new City Hall? I know the Nevada Hotel and Casino isn't pretty, but it is the first … Continue reading →

Posted in Architecture, Boyd Gaming, Downtown, Oscar Goodman, Tamares Group | Comments Off

The dream is dying

Posted on July 20, 2009 by David McKee

Just last week, UNLV‘s historical sage, Dr. Eugene Moehring, was taking a dim view of the fate of Las Vegas’ working class. Now comes the Wall Street Journal to back him up with some sobering reportage. Even at union salaries, Culinary … Continue reading →

Posted in Boyd Gaming, Colony Capital, Cosmopolitan, Economy, Encore, Fontainebleau, Harrah's, LVCVA, M Resort, MGM Mirage, Morgans Hotel Group, Plaza, Station Casinos, Steve Wynn, The Strip, Tourism, Wall Street | Comments Off

It's Gaughan

Posted on July 16, 2009 by David McKee

Congratulations to South Point owner Michael Gaughan, the 2009 inductee to the American Gaming Association Hall of Fame. An industry "lifer" who worked his way up from the Royal Inn to the CEO's chair at Coast Casinos, Gaughan has been … Continue reading →

Posted in Boyd Gaming, G2E, James Packer, Michael Gaughan, Tourism | Comments Off

It’s lonely in the bunker; Luxor gets its groove on

Posted on July 15, 2009 by David McKee

Two resignations made the news today. First, the publicist for Criss F. Angel took a hike. Given the choice between the much-reviled Angel and unlikely rising star (and reportedly much, much nicer person) Holly Madison, Fantasy flack John Flynn left … Continue reading →

Posted in Boyd Gaming, Cirque du Soleil, Entertainment, Marketing, MGM Mirage, Morgans Hotel Group, Regulation, The Strip | Comments Off

Rough trade

Posted on July 13, 2009 by David McKee

May wasn't great for Las Vegas, to say the least, with hotel occupancy -6%, a figure somewhat amplified by the presence of 3% more hotel rooms. The local ADR of $96.96 would have been regarded as real money back in … Continue reading →

Posted in Ameristar, Boulder Strip, Boyd Gaming, Downtown, Economy, Harrah's, Illinois, Indiana, MGM Mirage, Missouri, Neil Bluhm, Penn National, Regulation, Slot routes, The Strip | Comments Off

The Trop heist that wasn't

Posted on June 26, 2009 by David McKee

"An improvident indictment." That's what New Jersey officials are calling a case that was quietly quashed in May. Sacked Borgata veep John Conklin and two other men had been charged with plundering the Tropicana Atlantic City's database when they were … Continue reading →

Posted in Atlantic City, Boyd Gaming, Donald Trump, Entertainment, Golden Gaming, Harrah's, Herbst Gaming, Kansas, Neil Bluhm, North Las Vegas, Pennsylvania, Politics, Sheldon Adelson, Singapore, Taxes, The Strip, Transportation | Comments Off

S&M at Station

Posted on June 25, 2009 by David McKee

Bondholders of Station Casinos must have an infinite capacity for suffering. Either that or CEO Frank Fertitta III is such a virtuosic Pied Piper that they'll follow him anywhere. It's difficult to rationally explain why they're letting a superior offer … Continue reading →

Posted in Boyd Gaming, Colony Capital, Massachusetts, Station Casinos, TV, Wall Street | Comments Off

By request …

Posted on June 24, 2009 by David McKee

'Tis another day of hopscotching betwixt the doctor and the dentist, which sure cuts into quality blogging time (as did a nasty attack of fibromyalgia yesterday). However, by reader request, we present this special, (not) exclusive S&G photo of a … Continue reading →

Posted in Boyd Gaming, Cosmopolitan, Fontainebleau, Harrah's, Steve Wynn | Comments Off

"Peep" slow

Posted on June 22, 2009 by David McKee

Saturday night's 8 p.m. performance of Peepshow played to an audience one might describe as "pitiful." If the auditorium was even half-full, I'll eat my hat. Planet Hollywood has got to be beseeching the heavens that the curiosity/trainwreck factor of … Continue reading →

Posted in Boyd Gaming, Entertainment, Planet Hollywood, The Strip, TV | Comments Off

Station 1, Boyd 0

Posted on June 3, 2009 by David McKee

In a North Las Vegas proxy war, Station Casinos handed defeat to Boyd Gaming when its preferred candidate, Councilwoman Shari Buck, trounced a colleague, to become the city's next mayor. Both Boyd and Station contributed to both candidates but slight … Continue reading →

Posted in Boyd Gaming, Election, Gary Goett, Station Casinos | Comments Off

Rumble in Macao

Posted on June 2, 2009 by David McKee

Although an oft-promised loosening of visa restrictions by Peking stubborny refuses to materialize, an air of cautious hopefulness has crept back into Macao now that City of Dreams has opened on schedule — and it looks dazzling. Aggressive revenue projections … Continue reading →

Posted in Atlantic City, Boyd Gaming, Cannery Casino Resorts, Cosmopolitan, Current, Economy, Genting, George Maloof, James Packer, Lawrence Ho, Macau, Melco Crown Entertainment, MGM Mirage, Penn National, Planet Hollywood, Sheldon Adelson, Stanley Ho, Station Casinos, Steve Wynn, Taxes, The Strip | Comments Off

Macao: Genting in, MGM out?

Posted on May 29, 2009 by David McKee

I’ve speculated elsewhere — I believe it was on the TwoWayHardThree forum — that Genting Bhd might be a logical, even inevitable successor, should MGM Mirage bail out of Macao. Seems that while I was laid up, news surfaced that … Continue reading →

Posted in Atlantic City, Boyd Gaming, International, Macau, MGM Mirage, Singapore, Stanley Ho | Comments Off

Station: Unleash the hounds!

Posted on May 28, 2009 by David McKee

So Station Casinos is kicking the tires of dog-racing tracks in Massachusetts (as is Boyd Gaming)? Greyhound races will soon — but not soon enough — be illegal in Massachusetts, although the Bay State Lege just gave them a two-year … Continue reading →

Posted in Boyd Gaming, Economy, Massachusetts, Station Casinos | Comments Off

Pansy Ho: time for Plan C

Posted on May 22, 2009 by David McKee

In my usual cart-first, horse-later fashion, I elicited a legal opinion regarding the scenario I postulated the other night: MGM Mirage spinning off either its Atlantic City holdings or MGM Grand Macau into a quasi-autonomous entity, much as Sheldon Adelson … Continue reading →

Posted in Atlantic City, Boyd Gaming, Carl Icahn, James Packer, Lawrence Ho, Macau, Melco Crown Entertainment, MGM Mirage, Regulation, Sheldon Adelson, Stanley Ho, Taxes | Comments Off