Category Archives: Cordish Co.

Crazy from the heat?

Posted on August 23, 2010 by David McKee

As the August sun beats upon our brains like a hammer on an anvil, it seems to be rendering us soft in the noggin. Reader kerr_mudgeon has aggregated a few instances, the pages of the Los Angeles Times, which seems … Continue reading →

Posted in Atlantic City, Colony Capital, Cordish Co., Current, LVCVA, Marketing, Regulation, Tourism, Transportation | 5 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

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

Case Bets: Macao, Maryland, Internet casinos

Posted on May 24, 2010 by David McKee

April was a bonny month for Macao, where overall visitation rose 13% and mainland Chinese tourism rose 17%. Now if only Peking would take its hand off the spigot known as visa quotas, we might have some honest-to-god year/year comparisons … Continue reading →

Posted in Alabama, Cordish Co., IGT, Internet gambling, Kentucky, Macau, Maryland, Politics, Regulation, Sports, Taxes, Technology, The Strip, Tourism | 2 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

Flat in IN, coming back in IL

Posted on April 8, 2010 by David McKee

Despite being 2.5% below last year’s casino revenues, J.P. Morgan is calling the results in Illinois the best out of the previous 16 months. In other words, the decline was the smallest since November of ’09. The restoration of Penn … Continue reading →

Posted in Ameristar, Boyd Gaming, Cordish Co., Current, Don Barden, Economy, Harrah's, Illinois, Indiana, Macau, MGM Mirage, Pansy Ho, Penn National, Pinnacle Entertainment, Racinos, Regulation, Tribal, Tropicana Entertainment | Comments Off

An arena in every pot

Posted on April 7, 2010 by David McKee

A scrum of casino owners and would-be owners is swarming the Clark County Commission with proposed arenas. The Las Vegas City Council may be able to get into the act, as Cordish Cos. is studying the feasibility of a stadium … Continue reading →

Posted in Archon Corp., Cordish Co., Current, Downtown, Dubai, Economy, Entertainment, Gary Goett, Harrah's, Michael Gaughan, Oscar Goodman, Sports, Taxes, The Strip, Tourism, Transportation | 1 Comment

Case Bets: Maryland, Foxwoods, problem gambling

Posted on March 23, 2010 by David McKee

It’s not even been 18 months since Maryland voters gave their assent to slot houses — a time in which the state has to erect a regulatory apparatus, vet applicants, and then wait for the latter to get up and … Continue reading →

Posted in Cordish Co., Current, Economy, Kansas, Marketing, Maryland, MGM Mirage, New York, Penn National, Pennsylvania, Politics, Problem gambling, Racinos, Regulation, Taxes, Tribal | 1 Comment

From the S&G Twitter feed …

Posted on January 5, 2010 by David McKee

Whilst I try to decipher my notes from the New Year’s Day performance by Carlos Mencia, here’s what you’ve been missing if you don’t follow the S&G Twitter feed (Twitter handle: @stiffsgeorges): • Pittsburgh‘s Rivers Casino sacks exec team, brings … Continue reading →

Posted in CityCenter, Cordish Co., Current, Entertainment, Florida, Harrah's, International, Maryland, MGM Mirage, Neil Bluhm, Pennsylvania, Planet Hollywood, Racinos, Riviera, Singapore | Comments Off

Earth to Adelson, Earth to Adelson …

Posted on December 21, 2009 by David McKee

Las Vegas Sands CEO Sheldon Adelson claims he can finish his two resuscitated Cotai Strip™ casinos (below) and build three more in the next five years. Let the record show that Adelson currently also has casinos in various states of … Continue reading →

Posted in CityCenter, Cordish Co., Current, Economy, Florida, International, Macau, Maryland, MGM Mirage, Movies, New York, Pennsylvania, Politics, Racinos, Regulation, Sheldon Adelson, Singapore, The Strip, Tribal | 2 Comments

“It’s a bargain hunter’s paradise”

Posted on November 4, 2009 by David McKee

So sayeth our own Anthony Curtis, toward the end of a superb MSNBC analysis of the impending impact of CityCenter. Other industry moguls, including Sheldon Adelson and Steve Wynn, take a cautious but hopeful view. Even the normally optimistic Bill … Continue reading →

Posted in CityCenter, Cordish Co., Economy, Kansas, Maryland, MGM Mirage, Penn National, Regulation, Sheldon Adelson, Steve Wynn, Tourism, TV, Wall Street | 2 Comments

They’re just wild about Harry

Posted on October 30, 2009 by David McKee

Despite his (at best) tepid standing with the Nevada electorate — whether the right or the left — Sen. Harry Reid (D) has almost every important name in the casino industry in his corner. Sheldon Adelson may yet choose to … Continue reading →

Posted in Archon Corp., Cordish Co., Economy, Election, Entertainment, Harrah's, Harry Reid, International, Macau, Maryland, MGM Mirage, Pennsylvania, Politics, Regulation, Sheldon Adelson, Singapore, Station Casinos, Steve Wynn, Taxes, TV, Wall Street | Comments Off

Hell no, they won't; Penghu punk'd; Barbarians at the gates (again)

Posted on September 28, 2009 by David McKee

Pay taxes, that is. Two Indiana racinos are pushing back against a tax rate that averages 38%. Considering that the two tracks — one run by Cordish Gaming — are the newbies on the Hoosier State scene, one could fairly … Continue reading →

Posted in Alex Yemenidjian, Boyd Gaming, CityCenter, Cordish Co., Cosmopolitan, Fontainebleau, Harrah's, Horseracing, Indiana, International, MGM Mirage, Penn National, Riviera, Sheldon Adelson, Station Casinos, Steve Wynn, Taxes, The Strip, Tribal, Wall Street | Comments Off

Optimism in Macao, euphoria at CityCenter

Posted on September 8, 2009 by David McKee

Relaxation of stringent visa restrictions from Guangdong Province came a full four months sooner than expected, starting Sept. 1. Now, residents will be able to visit Macao once a month instead of quarterly. While this has prompted J.P. Morgan to … Continue reading →

Posted in Ameristar, Architecture, Atlantic City, Bally Technologies, Boulder Strip, Boyd Gaming, California, CityCenter, Cordish Co., Current, Economy, Entertainment, IGT, Indiana, Kansas, Macau, MGM Mirage, Penn National, Pinnacle Entertainment, Planet Hollywood, Sheldon Adelson, Station Casinos, Technology, The Strip, Wall Street, WMS Industries | Comments Off

Pinnacle meets karma

Posted on August 27, 2009 by David McKee

Plans by Pinnacle Entertainment to move its President riverboat upriver just hit a big snag. Taking the view that the President’s license is portable, Pinnacle hoped to use either the vessel itself or the license to jimmy open a new … Continue reading →

Posted in Ameristar, Cordish Co., Florida, Kansas, Missouri, Penn National, Pinnacle Entertainment, Regulation, Sheldon Adelson, Tribal | Comments Off

Meet the new Trop boss …

Posted on August 26, 2009 by David McKee

… largely the same as the old boss. Tropicana Entertainment's diligent efforts to get back into the Tropicana Atlantic City have finally paid off. Thus (nearly) ends a prolonged interregnum during which no clearly superior alternativves emerged. Well … there … Continue reading →

Posted in Atlantic City, Carl Icahn, Columbia Sussex, Cordish Co., Current, Regulation, The Strip, Tropicana Entertainment | Comments Off

Case Bets: Ohio, Trump, Fahrenkopfian outrage

Posted on August 6, 2009 by David McKee

With racinos a done deal in Ohio, a suddenly frisky Harrah’s Entertainment is shopping around for a Cleveland-area track. If anything, I’m surprised competing companies haven’t beaten Harrah’s to the punch, but it seems to have sucker-punched its rivals. Good … Continue reading →

Posted in Atlantic City, Cordish Co., Donald Trump, Harrah's, Labor, Maryland, Ohio, Wall Street | Comments Off

Case Bets: Packer & Ho, Sands Bethlehem, MGM Mirage, Ameristar, Penn, Harrah's, etc.

Posted on June 3, 2009 by David McKee

• Smashing guitars — but not over each other’s noggins — James Packer and Lawrence Ho christened City of Dreams. The younger Ho downplayed expectations of foot traffic, saying his $2.4 billion megaresort could get by on far fewer visitors … Continue reading →

Posted in Ameristar, Cordish Co., Current, Detroit, Economy, Election, Harrah's, Horseracing, Iowa, James Packer, Lawrence Ho, Macau, Maryland, Melco Crown Entertainment, MGM Mirage, Penn National, Pennsylvania, Regulation, Sheldon Adelson, Wall Street | Comments Off

"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

Chump change for Trop

Posted on April 29, 2009 by David McKee

While there has been no shortage of bad decisions in the casino industry of late, the Dunce of the Year winner for 2008 and presumptive favorite for 2009 has got to be Tropicana Atlantic City conservator Gary Stein. This former … Continue reading →

Posted in Atlantic City, Colony Capital, Cordish Co., Donald Trump, Economy, Regulation, Tropicana Entertainment | Comments Off