Category Archives: Detroit

Around the horn

Posted on July 8, 2010 by David McKee

Iowa‘s casino revenues last month were nearly the textbook definition of “flat”: up a tenth of a percent, the first revenue-positive month since February 2009. (Hey, growth is growth. We’ll take it.) The drag anchor on revs was Harrah’s Entertainment, … Continue reading →

Posted in Ameristar, Boyd Gaming, Carl Icahn, CityCenter, Current, Detroit, Don Barden, Economy, Entertainment, Harrah's, Horseracing, Illinois, Indiana, International, Iowa, Isle of Capri, Macau, MGM Mirage, Mississippi, Missouri, Pansy Ho, Penn National, Pinnacle Entertainment, Racinos, Regulation, Stanley Ho, Tribal, Tropicana Entertainment, TV | 2 Comments

Brad Garrett: Enter at your own risk; Bargains & magnanimity

Posted on June 30, 2010 by David McKee

First, the good news. After going null for two with Paul Rodriguez (PR nightmare) and Wayne Newton (artistic disaster), the Tropicana Las Vegas appears to have swatted an 0-2 pitch into the bleachers. Brad Garrett‘s eponymous comedy club is a … Continue reading →

Posted in Alex Yemenidjian, Architecture, Current, Detroit, Economy, Entertainment, Marketing, Movies, Regulation, Reno, The Strip, Tourism, Wayne F. Newton | 1 Comment

Penn’s door prize: toxic waste!

Posted on June 29, 2010 by David McKee

Penn National Gaming got a little something extra when it bought an old General Motors site for its Columbus, Ohio casino: 81 sites’ worth of toxic waste, so much sludge it takes 3,000 pages to catalog. Penn didn’t have to … Continue reading →

Posted in Colony Capital, Current, Detroit, Election, Entertainment, Environment, Harrah's, Massachusetts, MGM Mirage, Ohio, Penn National, Politics, Racinos, Regulation, Sahara, Technology, The Strip, Tribal, TV | 3 Comments

Back from the North; Requiem for a President

Posted on June 25, 2010 by David McKee

My apologies to S&G readers for the prolonged silence whilst I was on vacation. It seems that wi-fi availability in the Upper Peninsula of Michigan is even spottier than I feared (although it makes a good excuse to head down … Continue reading →

Posted in Detroit, Dining, Harrah's, Missouri, Pinnacle Entertainment, Regulation, Technology, The Strip, Tourism, Transportation, Tribal, WMS Industries | Comments Off

MGM Mirage jumps the shark

Posted on June 15, 2010 by David McKee

A foolish band of MGM Mirage shareholders did its best imitation of a herd of sheep and voted through management’s absolutely dreadful idea of renaming the company MGM Resorts International. So June 15 marks the date that the Mirage Resorts … Continue reading →

Posted in Atlantic City, CityCenter, Colony Capital, Current, Detroit, International, Marketing, MGM Mirage, Steve Wynn | 4 Comments

Cool breeze from Macao; Harrah’s panty raid stymied

Posted on June 11, 2010 by David McKee

One of Stanley Ho‘s lieutenants has scanned the 2010 horizon and doesn’t like what he sees. Sociedade de Jogos de Macau division president Frank McFadden believes VIP play will soften in 3Q-4Q10, as stock-market losses take their toll (a viewed … Continue reading →

Posted in Current, Detroit, Economy, Harrah's, Harry Reid, James Packer, Kansas, Lawrence Ho, Macau, Marketing, Melco Crown Entertainment, MGM Mirage, Planet Hollywood, Politics, Regulation, Rhode Island, Sheldon Adelson, Stanley Ho, Steve Wynn | 6 Comments

Detroit sets pace for Vegas

Posted on June 10, 2010 by David McKee

Here’s PR blurb that just fell across the cyber-transom: Cosmopolitan of Las Vegas has signed a multi-product and systems agreement featuring sbX(TM), IGT‘s premier server based gaming solution; the majority floor share of games; plus an entire suite of IGT … Continue reading →

Posted in CityCenter, Cosmopolitan, Detroit, Harrah's, history, IGT, MGM Mirage, Morgans Hotel Group, Technology, The Strip | 1 Comment

This is what “recovery” looks like

Posted on June 9, 2010 by David McKee

Here’s our new business model: a Strip that hasn’t gotten past “dead cat bounce” yet and emaciated revenues elsewhere. Instead of longing for the snows of yesterday and invoking the magic number “2007,” the top minds in the industry are … Continue reading →

Posted in Boulder Strip, Current, Detroit, Downtown, Economy, Lake Tahoe, Laughlin, MGM Mirage, Regulation, The Strip, Tourism, Wall Street | 3 Comments

Andy Rooney is an @$$

Posted on May 17, 2010 by David McKee

Actually, I had a more sphincter-specific adjective in mind. I tuned the nasty old fart out years ago, when he approving noted the spread of AIDS. The CBS-TV in-house crackpot hasn’t stopped rejoicing in human misery since then. Here are … Continue reading →

Posted in Current, Detroit, Economy, The Strip, TV | 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

MGM pre-reports

Posted on April 14, 2010 by David McKee

Aria: Nice rooms; anybody there? First, the good news: A managerial shakeup at MGM Grand Macau yielded a $54 million swing in operating income, turning what had been a modest loss last year into a considerable profit in 1Q10. Also, … Continue reading →

Posted in CityCenter, Detroit, Economy, Illinois, Macau, MGM Mirage, Pansy Ho, Stanley Ho, The Strip, Wall Street | 8 Comments

Rose prophetic re: Macao

Posted on April 5, 2010 by David McKee

While Las Vegas newspapers have been reticent regarding the regulatory can of worms opened by recent findings about the Macanese operations of Las Vegas Sands and MGM Mirage, veteran gaming legal analyst I. Nelson Rose has felt no such compunction. … Continue reading →

Posted in Atlantic City, Detroit, Economy, Illinois, MGM Mirage, Mississippi, Pansy Ho, Regulation, Sheldon Adelson, Stanley Ho, The Mob | 1 Comment

S**t hits MGM, Sands fan

Posted on April 1, 2010 by David McKee

Local newspapers — and bloggers — have been slow to pick up on a couple of Reuters dispatches that show — as some doomsayers prognosticated — that involvement in Macao is coming back to bite the U.S. casino industry in … Continue reading →

Posted in Atlantic City, CityCenter, Detroit, Illinois, Macau, Mississippi, Pansy Ho, Pennsylvania, Regulation, Sheldon Adelson, Stanley Ho, The Mob | 5 Comments

Case Bets: Boyd speaks, Kansas stalls & problem gamblers get the shaft

Posted on February 23, 2010 by David McKee

Boyd Gaming CEO Keith Smith weighs in on the subject of emerging markets. Significant by its omission: Florida. Boyd got its fingers burnt down there and knows better than some in the industry that it’s not the Land of Opportunity … Continue reading →

Posted in Atlantic City, Boyd Gaming, Current, Detroit, Economy, Florida, Kansas, Lyle Berman, Midnight Jim Gibbons, Politics, Problem gambling, Regulation, Sheldon Adelson, Tamares Group, Tribal | Comments Off

Skin(less) City

Posted on February 19, 2010 by David McKee

Before we get into the good (?) stuff, I should mention that S&G has been nominated as part of Las Vegas CityLife‘s “Best of the Valley” poll. I probably should have pimped this a week ago, when the poll went … Continue reading →

Posted in Colorado, Current, Detroit, Economy, Entertainment, International, Isle of Capri, Kansas, Massachusetts, MGM Mirage, Midnight Jim Gibbons, Problem gambling, Regulation, Technology, The Strip | 5 Comments

Case Bets: Laughlin postmortem, Newton grounded, Gibbons robs problem gamblers

Posted on February 4, 2010 by David McKee

It’s an S&G Special Austerity Edition (i.e., no pictures) … Three grand. That’s the value of a human life in Nevada. The Washingtonian who crashed his car into Laughlin‘s Edgewater casino, killing two and injuring seven, is out on $6,000 … Continue reading →

Posted in Alex Yemenidjian, Architecture, Boyd Gaming, Current, Detroit, Economy, Entertainment, Harrah's, IGT, Laughlin, MGM Mirage, Midnight Jim Gibbons, Movies, Politics, Problem gambling, Regulation, Reno, Transportation, TV, Wall Street, Wayne F. Newton | Comments Off

Big love

Posted on February 3, 2010 by David McKee

This latest tempest in a teaspoon has inspired a yawningly predictable reaction amongst Nevada politicians. The lone witty note was struck by Las Vegas Convention & Visitors Authority President Rossi Ralenkotter, who deployed irony in lieu of indignation: “While we … Continue reading →

Posted in Current, Detroit, Economy, Harry Reid, LVCVA, Macau, MGM Mirage, Movies, Oscar Goodman, Pennsylvania, Politics, Sheldon Adelson, The Strip | 3 Comments

Case Bets: Greektown, Adelson, Philadelphia & Stanley Ho

Posted on December 22, 2009 by David McKee

If a management company increases your revenues in the teeth of the Great Recession — and despite your casino’s well-publicized financial problems — what do you do? Kick them out, of course, if you’re Greektown Casino and you’ve no further … Continue reading →

Posted in Current, Detroit, Macau, Massachusetts, Neil Bluhm, New York, Pennsylvania, Racinos, Sheldon Adelson, Stanley Ho, Steve Wynn, Tribal | 3 Comments

CityCenter: succes d’estime

Posted on December 18, 2009 by David McKee

Enough procrastination! Such is the immensity and information overload that is CityCenter, that it may be some time before this spectator can fully wrap his brain around what is — for better or worse — the Strip’s equivalent to that … Continue reading →

Posted in Architecture, CityCenter, Current, Detroit, Dining, Encore, IGT, International, MGM Mirage, Movies, Sheldon Adelson, Station Casinos, Steve Wynn, Technology, The Strip, Tourism, TV | 7 Comments

Is Adelson mad? Trump trumped & Kerzner booted

Posted on December 1, 2009 by David McKee

In an interview with Reuters, Sheldon Adelson said Las Vegas Sands might launch operations in India, Thailand and Japan as soon as 2010. Given the ropey financial condition of his company, the fact that Marina Bay Sands will open at … Continue reading →

Posted in Alex Yemenidjian, Atlantic City, Current, Detroit, Donald Trump, Economy, Genting, Harrah's, International, Kansas, Macau, Massachusetts, Neil Bluhm, Penn National, Pennsylvania, Planet Hollywood, Racinos, Regulation, Sheldon Adelson, Singapore, Stanley Ho, Taxes, Tourism, Tribal | 1 Comment