Category Archives: Boyd Gaming

Quote of the Day

Posted on May 21, 2009 by David McKee

A certain casino. "The old timers will remember the time, and not that long ago, when casinos just looked at your action and rewarded you accordingly. They figured everyone wins at least part of the time, and they knew that if … Continue reading →

Posted in Boyd Gaming, Economy, Morgans Hotel Group, Sheldon Adelson, Steve Wynn | Comments Off on Quote of the Day

Surrender in Atlantic City?

Posted on May 20, 2009 by David McKee

Yesterday, I mis-reported New Jersey state Sen. James Whelan's proposal for downsizing the state's regulatory apparatus. He didn't call for elimination of the New Jersey Casino Control Commission in favor of the Division of Gaming Enforcement, merely an unspecified removal … Continue reading →

Posted in Atlantic City, Boyd Gaming, Colony Capital, Donald Trump, Economy, Harrah's, Penn National, Pennsylvania, Politics, Regulation, Station Casinos | Comments Off on Surrender in Atlantic City?

The MGM/Pansy Ho verdict: It's in and it's bad

Posted on May 19, 2009 by David McKee

After nearly four years of investigation, the New Jersey Division of Gaming Enforcement has released its long-awaited “suitability” findings on MGM Mirage joint-venture partner Pansy Ho. As MGM itself reported to the SEC yesterday, “While the report itself is confidential, … Continue reading →

Posted in Atlantic City, Boyd Gaming, Columbia Sussex, Cosmopolitan, Current, Fontainebleau, Harrah's, Macau, MGM Mirage, Planet Hollywood, Regulation, Stanley Ho, The Strip, Tropicana Entertainment, Wall Street | Comments Off on The MGM/Pansy Ho verdict: It's in and it's bad

(Slots A) Fun Fact

Posted on May 15, 2009 by David McKee

I've just read that the 2008 cash flow for Slots A Fun, the crown jewel of what used to be Circus Circus Enterprises, was $2.8 million. Which means that current owner MGM Mirage could justify a sale price of $22.5 … Continue reading →

Posted in Atlantic City, Boyd Gaming, Cirque du Soleil, Colony Capital, Don Barden, Marketing, MGM Mirage, Penn National, Politics, The Strip, Transportation, TV | Comments Off on (Slots A) Fun Fact

"Another one bites the dust"

Posted on May 15, 2009 by David McKee

That’s how a reader informed me of Las Vegas-based Golden Gaming‘s decision to bail on Wyandotte County in Kansas. Considering that you’ve got Harrah’s Entertainment, Ameristar Casinos, etc. firmly entrenched across the state line in Kansas City, Mo., and Isle … Continue reading →

Posted in Ameristar, Boyd Gaming, Cordish Co., Current, Economy, Golden Gaming, Harrah's, Isle of Capri, Kansas, Penn National, Regulation, Station Casinos, Wall Street | Comments Off on "Another one bites the dust"

Perp Show

Posted on May 14, 2009 by David McKee

If you're bald, weight 285 lbs. and have one arm in a cast, you're not exactly inconspicuous. So how was it that that such a hefty man was to infiltrate a VIP area of Planet Hollywood and bust into Peepshow … Continue reading →

Posted in Atlantic City, Boyd Gaming, Cirque du Soleil, Colony Capital, Current, Donald Trump, Economy, Election, Entertainment, Fontainebleau, Harrah's, MGM Mirage, Planet Hollywood, Politics, Regulation, Taxes, The Strip, Tropicana Entertainment | Comments Off on Perp Show

Quote of the Day

Posted on May 13, 2009 by David McKee

"We don't see them getting worse. The problem is we don't see them getting better." — Boyd Gaming CEO Keith Smith on 2009-10 tourism statistics for Las Vegas.

Posted in Boyd Gaming, Downtown, Economy, LVCVA, The Strip | Comments Off on Quote of the Day

Station ixnays expansions

Posted on April 20, 2009 by David McKee

Stick a fork in Castaways Station — the forlorn patch of Fremont Street land is on the block … albeit at a considerable markup. Station Casinos, according to The Associated Press, is asking for $39.5 million on a vacant 30-acre … Continue reading →

Posted in Boulder Strip, Boyd Gaming, Downtown, Station Casinos, Transportation | 1 Comment

Exit, pursued by a bear market

Posted on April 17, 2009 by David McKee

Aside from the occasional murmur by Wynn Las Vegas prexy Andrew Pascal, executives at Wynn Resorts keep a low (read: invisible) profile. Even the most assiduous follower of the casino industry would have trouble naming Wynn’s CFO off the cuff. … Continue reading →

Posted in Atlantic City, Boyd Gaming, Economy, Encore, Harrah's, IGT, Illinois, Macau, MGM Mirage, Pinnacle Entertainment, Sheldon Adelson, Steve Wynn, The Strip, Wall Street | Comments Off on Exit, pursued by a bear market

Case Bets: Seminoles, Iverson, Harrah's, PartyGaming, Station's luck, etc.

Posted on April 15, 2009 by David McKee

Down in Florida, the tide may be turning in favor of the Seminole Tribe. Both the Florida Retail Federation and Restaurant Lodging Association have thrown their support behind the status quo, as represented by Gov. Charlie Crist‘s Class III casino … Continue reading →

Posted in Boyd Gaming, Colony Capital, Detroit, Don Barden, Florida, Harrah's, Horseracing, Internet gambling, Maryland, MGM Mirage, Pennsylvania, Politics, Regulation, Reno, Sports, Station Casinos, Tribal, Wall Street | Comments Off on Case Bets: Seminoles, Iverson, Harrah's, PartyGaming, Station's luck, etc.

Leper Colony

Posted on April 3, 2009 by David McKee

Or, in lieu of "Atlantic City Death Watch VII," maybe "Colony Death Watch." Scarcely had S&G dubbed Colony Capital's East Coast casino portfolio "Colony Crapital" than came affirmation in the form of the latest set of numbers from the Boardwalk. … Continue reading →

Posted in Atlantic City, Boyd Gaming, Colony Capital, Donald Trump, Economy, Harrah's, James Packer, MGM Mirage, Steve Wynn | Comments Off on Leper Colony

Casino apocalypse

Posted on March 19, 2009 by David McKee

I'm deeply imbedded in other projects today. In the meantime, by way of In Business Las Vegas and GamingFloor.com (source of yesterday's Harrah's Entertainment time warp, too) here's the answer to the question, "How many casino failures can you pack … Continue reading →

Posted in Boyd Gaming, Cannery Casino Resorts, Colony Capital, Cosmopolitan, Current, Economy, Harrah's, Herbst Gaming, James Packer, MGM Mirage, Sheldon Adelson, Station Casinos, Steve Wynn, The Strip, Wall Street | Comments Off on Casino apocalypse

Death, taxes and Station Casinos

Posted on March 18, 2009 by David McKee

It’s all but certain that the unenviable steeplechase to be the first major gaming company to declare bankruptcy in 2009 will be won by … Station Casinos!* (On Tax Day, no less.) None of the company’s three rescue scenarios does … Continue reading →

Posted in Boyd Gaming, Donald Trump, Economy, MGM Mirage, Sheldon Adelson, Station Casinos, Steve Wynn, Taxes, Wall Street | Comments Off on Death, taxes and Station Casinos

Station vs. Boyd IV: This time it's spite

Posted on March 16, 2009 by David McKee

Inside the wacky world that is Station Casinos' executive suite, business judgment is evidently trumped by getting even with your main adversary. How else to explain Station's eight-month push to get zoning approval for Losee Casino Station? The company is … Continue reading →

Posted in Architecture, Boyd Gaming, Politics, Station Casinos | 1 Comment

'M' is for 'mobbed'

Posted on March 16, 2009 by David McKee

Local naysayers have been gleefully predicting the swift demise of M Resort for weeks now. And I’ll admit I even entertained a few doubts as we drove out there yesterday morning. I mean, unless you live well south of Vegas … Continue reading →

Posted in Boyd Gaming, Dining, Donald Trump, Gary Goett, Harrah's, M Resort, Station Casinos | Comments Off on 'M' is for 'mobbed'

Quote of the Day

Posted on March 11, 2009 by David McKee

"If only Boyd had thought of this! They could have had tourists PAYING to help them complete Echelon. The only thing I don't get is the air-conditioned cabs. That hardly seems like a realistic adventure." — Steve Friess on the … Continue reading →

Posted in Boyd Gaming, Entertainment | Comments Off on Quote of the Day

Boyd cuts through the crap

Posted on March 10, 2009 by David McKee

There’s no longer any pretense whatsoever that Boyd Gaming‘s takeover offer for Station Casinos is being pitched to Station management. In its reply to Station CEO Frank Fertitta III‘s trash-talking refusal of Boyd’s offer, the latter posits that “the proposal … Continue reading →

Posted in Boyd Gaming, Station Casinos | Comments Off on Boyd cuts through the crap

Scant love for Boyd, big love for M

Posted on March 5, 2009 by David McKee

I guess Fitch Ratings doesn’t have the stomach for Boyd Gaming‘s attempt to take over Station Casinos either. It’s downgraded Boyd, whose bonds sank “further into junk status.” Locals love M Resort, it would appear. The Anthony Marnell III property … Continue reading →

Posted in Boyd Gaming, M Resort, MGM Mirage, Station Casinos | Comments Off on Scant love for Boyd, big love for M

Harrah's new Atlantic City pitch

Posted on March 4, 2009 by David McKee

Two minutes of Asian American-oriented marketing messages, all of which boil down to, “Atlantic City: It’s not just for gambling anymore.” Lots of Total Rewards pluggery, as you’d expect, but oddly no mention of the new ACES train, of which … Continue reading →

Posted in Atlantic City, Boyd Gaming, Harrah's, Marketing | Comments Off on Harrah's new Atlantic City pitch

Station vs. Boyd III: This time it's personal

Posted on March 4, 2009 by David McKee

You really have to hand it to Station Casinos CEO Frank Fertitta III. This dude has more lives than a cat. Every time you think his luck has run out, he slips the noose yet again. So it was Tuesday. … Continue reading →

Posted in Boulder Strip, Boyd Gaming, Colony Capital, Current, Economy, Station Casinos, The Strip, Wall Street | Comments Off on Station vs. Boyd III: This time it's personal