Category Archives: Columbia Sussex

Murren: I heart CityCenter; Wynn: I heart China; Angle: I heart Latinos … plus Boyd’s new fragrance

Posted on October 29, 2010 by David McKee

MGM Resorts International and old ball and chain Dubai World have consummated a deal to extend $1.8 billion in CityCenter loans, a reworking that MGM CEO Jim Murren calls “a capital structure that’s much more … in keeping with a … Continue reading →

Posted in Architecture, Boulder Strip, Boyd Gaming, Cannery Casino Resorts, CityCenter, Columbia Sussex, Current, Dubai, Economy, Election, Environment, Harrah's, Macau, Politics, Regulation, Sheldon Adelson, Steve Wynn, The Strip, Tourism, Transportation, TV, Wall Street | 6 Comments

Quote of the Day

Posted on October 29, 2010 by David McKee

“I’m completely sick and tired of thinking about what took place behind me. We’re ecstatic to be out of bankruptcy with new ownership. We’re well capitalized. I’ll be damned if we’re going to see this thing fail.” — Tropicana Casino … Continue reading →

Posted in Atlantic City, Carl Icahn, Columbia Sussex, Current, Economy, Tropicana Entertainment | 1 Comment

Great moments in casino marketing

Posted on October 13, 2010 by David McKee

We associate Sega with video games but once upon a time, it was in the slot business. Those old machines do look awfully quaint unless … … you juxtapose a Sega one-armed bandit with über-mega-hot European sex goddess Edwige Fenech … Continue reading →

Posted in Atlantic City, Carl Icahn, Columbia Sussex, Current, history, Marketing, Movies, Pennsylvania, Technology, The Strip, Tropicana Entertainment, Wall Street | Comments Off on Great moments in casino marketing

Celebrity justice; Harrah’s goes to the dogs

Posted on October 12, 2010 by David McKee

As you all probably know by now, Palms owner George Maloof was busted on a DUI last weekend. Under any other circumstances, it would be endearing to learn that the generally unassuming Maloof doesn’t have himself chauffeured about town. Lack … Continue reading →

Posted in Animals, CityCenter, Columbia Sussex, Downtown, Economy, Election, Entertainment, Harrah's, Herbst Gaming, Lake Las Vegas, MGM Mirage, Monte Carlo fire, Pets, Station Casinos, Steve Wynn, The Strip | 2 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

Desperate times

Posted on September 17, 2010 by David McKee

They call for desperate measures, it’s said. MGM Resorts International has just rolled out a heckuva bargain play. If you can afford a two-night stay at Aria or Vdara between Sept. 24 and Dec. 23, and you can find a … Continue reading →

Posted in Architecture, CityCenter, Columbia Sussex, Cretins, Current, Lake Tahoe, Macau, Marketing, MGM Mirage, Planet Hollywood, Tamares Group, The Strip, Tourism, Tribal | 7 Comments

Girls! Girls! Girls!; Liberace has left the building

Posted on September 10, 2010 by David McKee

Columbia Sussex‘s Westin Casuarina, the place where shows go to be ignored, is trying again with one-two punch of bodaciousness. Our research staff is doing its best to uncover details on Burlesque: The Show, for which we have nothing more … Continue reading →

Posted in CityCenter, Columbia Sussex, Economy, Entertainment, MGM Mirage, Movies, The Mob, The Strip, Tourism, TV | 4 Comments

Labor Day Massacre in Atlantic City

Posted on September 6, 2010 by David McKee

Heading into the weekend, Trump Entertainment Resorts continued its reorganization by sacking six top executives. They were preceded by Trump Plaza General Manager Jim Rigot, who wasn’t pushed but gave his notice a fortnight ago. One of the Trump Six, … Continue reading →

Posted in Atlantic City, Colony Capital, Columbia Sussex, Current, Don Barden, Donald Trump, Economy, Entertainment, Kansas, Neil Bluhm, Pennsylvania, The Strip, Tourism, Tropicana Entertainment, Wall Street | 1 Comment

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

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

Chris Christie, rock star

Posted on July 22, 2010 by David McKee

New Jersey‘s outspoken governor lays down some righteous grooves at Meadowlands, including telling the horsey set what it needs to hear: “I don’t have the money to be subsidizing failure.” Gov. Chris Christie on New Jersey horseracing: this industry has … Continue reading →

Posted in Atlantic City, Colony Capital, Columbia Sussex, Current, Economy, Entertainment, Goldman Sachs, Horseracing, Movies, Politics, Racinos, Regulation, Sheldon Adelson, Station Casinos, Taxes, Technology, Tourism, Wall Street | 3 Comments

Atlantic City: Christie’s coup d’etat

Posted on July 21, 2010 by David McKee

Last week, I tried to work up a piece entitled, “Atlantic City, R.I.P.” After all, the Boardwalk had just come off a catastrophic June, impacted by table games in Delaware. Since table games were in process of sweeping Pennsylvania, from … Continue reading →

Posted in Atlantic City, Colony Capital, Columbia Sussex, Current, Donald Trump, Economy, Entertainment, Harrah's, history, Horseracing, International, Internet gambling, Macau, Marketing, MGM Mirage, Midnight Jim Gibbons, Penn National, Pennsylvania, Pinnacle Entertainment, Politics, Racinos, Regulation, Stanley Ho, Taxes, The Mob, Tourism | 6 Comments

Next victim: Westin Casuarina?

Posted on July 19, 2010 by David McKee

Here’s a story that seems to have slipped past all of us. On March 31, the Westin Casuarina was placed on “Imminent Default” status by Fitch Ratings. The property was running at 61.5% occupany, with ADRs of $119 and 61.55 … Continue reading →

Posted in Columbia Sussex, Economy, Harrah's, Lake Tahoe, The Strip, Tourism, Tropicana Entertainment, Wall Street | 3 Comments

Aqueduct: Then there were three

Posted on June 30, 2010 by David McKee

As the contentious racino contract for Aqueduct Racetrack is rebid, the field has narrowed to three suitors, all of whom are in enviable cash positions. Penn National Gaming‘s bankroll has taken on Holy Grail status, Genting Bhd has a money-spinner … Continue reading →

Posted in Atlantic City, California, Columbia Sussex, Cordish Co., Current, Election, Florida, Genting, Harrah's, history, Lake Tahoe, Maryland, Massachusetts, New York, Ohio, Penn National, Pennsylvania, Politics, Problem gambling, Racinos, Regulation, Reno, Taxes, Tribal | 1 Comment

Bargain-hunting at Harrah’s

Posted on June 4, 2010 by David McKee

But not in the way you might think … Harrah’s Entertainment is $557 million richer — which effectively amortizes the Planet Hollywood deal — after the swap of a 16% ownership stake to three investment firms for $1.2 billion in … Continue reading →

Posted in Alex Yemenidjian, Boyd Gaming, Carl Icahn, Columbia Sussex, Current, Dining, Economy, Florida, Harrah's, MGM Mirage, Oklahoma, Regulation, The Strip, Tourism, Tribal, Tropicana Entertainment, Wall Street | 4 Comments

X Train derailed; Wynn trumps Trump

Posted on May 24, 2010 by David McKee

It may already be time to stick a fork in the so-called X Train, which would use existing rail lines to carry gamblers from Los Angeles to Las Vegas. According to The Associated Press, X Train is being sued by … Continue reading →

Posted in California, Columbia Sussex, Donald Trump, Downtown, Golden Gaming, Station Casinos, Steve Wynn, The Strip, Tilman Fertitta, Tourism, Transportation, Wall Street | 2 Comments

Once before I go

Posted on May 19, 2010 by David McKee

… to the Tropicana Las Vegas, that is. As you can see from this video and the accompanying story, Onex Corp. is making good on its promise to reinvest in the dowager, its first significant makeover since the early Reagan … Continue reading →

Posted in Alex Yemenidjian, Architecture, Columbia Sussex, Current, Movies, The Strip, Tourism, TV | Comments Off on Once before I go

“The American consumer is toast”

Posted on May 14, 2010 by David McKee

If you think MGM Mirage CEO Jim Murren sounds apocalyptic when he forecasts no major development on the Las Vegas Strip until circa 2020 (heck, Carl Icahn may keep Fontainebleau on ice until 2015) then get a load of this … Continue reading →

Posted in Atlantic City, Carl Icahn, CityCenter, Columbia Sussex, Current, Economy, Fontainebleau, Genting, Harrah's, Herbst Gaming, Mesquite, MGM Mirage, Neil Bluhm, Pennsylvania, Racinos, Regulation, Sheldon Adelson, Singapore, Technology, The Strip, Tribal, Tropicana Entertainment | 3 Comments

Mixed signals along the rivers

Posted on May 11, 2010 by David McKee

Last month’s results from Missouri are as might be expected. The opening of Pinnacle Entertainment‘s River City lifted state revenues overall (6%) but at the price of a fair amount of cannibalization — mainly at other Pinnacle properties, although it … Continue reading →

Posted in Ameristar, Boyd Gaming, Columbia Sussex, Cordish Co., Detroit, Economy, Harrah's, Illinois, Indiana, Missouri, Penn National, Pinnacle Entertainment, Tribal, Tropicana Entertainment, Wall Street | Comments Off on Mixed signals along the rivers

Quote of the Day

Posted on May 11, 2010 by David McKee

“Where financing was hard to come by before, it’s nearly impossible for today.” — Columbia Sussex Executive Vice President Joseph Yung (son of Bill). Yes, it would be … especially when you’re leveraged to the gills like ColSux.

Posted in Columbia Sussex, Current, Economy, Wall Street | Comments Off on Quote of the Day