Category Archives: Colorado

Casino Vote '08: Dan Lee's the big winner

Posted on November 5, 2008 by David McKee

JP Morgan has proclaimed Pinnacle Entertainment “the biggest winner this election day.” By voting to both lift the cap on buy-ins and the close Missouri to additional casinos, Show-Me State voters delivered a gift to Pinnacle CEO Dan Lee, who … Continue reading →

Posted in Ameristar, Colorado, Current, Election, Gary Goett, Horseracing, Indiana, Maryland, Penn National, Pennsylvania, Pinnacle Entertainment, Politics, Regulation, Taxes | Comments Off on Casino Vote '08: Dan Lee's the big winner

Winners & Losers

Posted on November 5, 2008 by David McKee

And now the obligatory post-Election, What’s-it-all-about-Alfie roundup … Culinary Union 1, Casino CEOs O: True, the Culinary tripped all over its own feet in the early going, leading to Democratic caucuses that weren’t so much “Barackular” as “debacular.” But D. … Continue reading →

Posted in Alaska, Ameristar, Atlantic City, California, Colorado, Current, Donald Trump, Economy, Election, Florida, Gary Goett, Harrah's, IGT, Internet gambling, MGM Mirage, Mississippi, Missouri, Pinnacle Entertainment, Politics, Sheldon Adelson, Steve Wynn, Taxes, The Strip, Tribal, Wall Street | Comments Off on Winners & Losers

Smoke-filled room

Posted on October 21, 2008 by David McKee

Maybe all this fussin’ and frettin’ (some of it from yours truly) about casino smoking bans is masking the real issue: Casino expansion in the U.S. has finally hit the wall in the form of one big-ass recession. Five states … Continue reading →

Posted in Colorado, Harrah's, Louisiana, Mississippi, Pinnacle Entertainment, Tropicana Entertainment | Comments Off on Smoke-filled room

Smoke-filled room

Posted on October 21, 2008 by David McKee

Maybe all this fussin’ and frettin’ (some of it from yours truly) about casino smoking bans is masking the real issue: Casino expansion in the U.S. has finally hit the wall in the form of one big-ass recession. Five states … Continue reading →

Posted in Colorado, Harrah's, Louisiana, Mississippi, Pinnacle Entertainment, Tropicana Entertainment | Comments Off on Smoke-filled room

Up in smoke

Posted on October 14, 2008 by David McKee

Few issues involving the casino industry cause such a conflict between intellect and emotion as that of second-hand smoke. Personally, I think even manure is less offensive to the nostrils than cigarette smoke — and it has fewer carcinogenic side … Continue reading →

Posted in Atlantic City, Colorado, Environment, Harrah's, Illinois, Regulation, Sheldon Adelson, The Strip | Comments Off on Up in smoke

Macao: Not so fast?

Posted on October 3, 2008 by David McKee

Here’s a how-de-do, to paraphrase Gilbert & Sullivan. The head of the Travel Industry Council of Macau appears to confirm a report that many Chinese citizens will now be restricted to visiting the former Portugese colony on a quarterly basis. … Continue reading →

Posted in Colorado, Kansas, Macau, MGM Mirage, Sheldon Adelson, Steve Wynn, Wall Street | Comments Off on Macao: Not so fast?

Macao: Not so fast?

Posted on October 3, 2008 by David McKee

Here’s a how-de-do, to paraphrase Gilbert & Sullivan. The head of the Travel Industry Council of Macau appears to confirm a report that many Chinese citizens will now be restricted to visiting the former Portugese colony on a quarterly basis. … Continue reading →

Posted in Colorado, Kansas, Macau, MGM Mirage, Sheldon Adelson, Steve Wynn, Wall Street | Comments Off on Macao: Not so fast?

Letter from Colorado

Posted on September 17, 2008 by David McKee

Every so often, it's my pleasure to turn over this space to readers who offer informed takes on the issues or insight into subjects with which we (I, certainly) might be unfamiliar. Today's letter comes from a Colorado player who … Continue reading →

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Penn impresses analysts

Posted on September 12, 2008 by David McKee

Penn National threw open its doors to Wall Street and JP Morgan, for one, came away impressed by what it heard. Basically, management is charting a fiscally conservative course, even though it could eventually reap $1.2 billion from its busted … Continue reading →

Posted in Atlantic City, Boyd Gaming, Colorado, Election, Harrah's, Penn National, Taxes, Wall Street | Comments Off on Penn impresses analysts

Trop turnaround?

Posted on August 12, 2008 by David McKee

While the New Jersey Casino Control Commission continues to bobble the sale of the Atlantic City Tropicana, at least its stewardship has arrested and perhaps finally the property's decline. While a 5.5% decline in business is nothing to crow over, … Continue reading →

Posted in Atlantic City, Boyd Gaming, Colorado, Columbia Sussex, Donald Trump, Harrah's, Kansas, Station Casinos, Tribal | Comments Off on Trop turnaround?

Case Bets: MGM Mirage, Ameristar, Penn National

Posted on August 5, 2008 by David McKee

It almost goes without saying right now that any earnings report is going to come in slightly below Wall Street’s consensus. That’s just the way the dice are bouncing these days. Such is the case with MGM Mirage, where Strip … Continue reading →

Posted in Ameristar, Colorado, Detroit, Harrah's, Illinois, Indiana, MGM Mirage, Penn National, The Strip, Wall Street | Comments Off on Case Bets: MGM Mirage, Ameristar, Penn National