Category Archives: Dining

Disappointment in Illinois; Wynn’s new crib

Posted on September 8, 2015 by David McKee

One less weekend day doesn’t wholly explain the tepid results from Illinois in August. Harrah’s Joliet was down a dramatic 14%, while Hollywood Aurora was off 10% and Empress Joliet slipped 3%. Even seemingly invulnerable Rivers Casino in Des Plaines … Continue reading →

Posted in Boyd Gaming, Dining, Economy, GLPI, Harrah's, Illinois, MGM Mirage, Penn National, Pinnacle Entertainment, The Strip, Tropicana Entertainment, Wall Street | Comments Off

It’s Galaxy’s turn to take a hit; Tohono O’odham file suit

Posted on August 20, 2015 by David McKee

Add Galaxy Entertainment to the companies taking on the chin in the Macao economy. The casino firm just posted a 46% drop in cash flow for 2Q15. Leading by example, Chairman Lui Che Woo announced a freeze in executive salaries … Continue reading →

Posted in Arizona, Cosmopolitan, Dining, Economy, Galaxy Entertainment, Harrah's, Macau, Melco Crown Entertainment, MGM Mirage, Penn National, Philippines, Regulation, The Strip, Tribal | Comments Off

SLS: Closed by 2016?

Posted on August 19, 2015 by David McKee

That’s the stark implication of some remarks by owner Stockbridge Capital Partners about SLS Las Vegas, which continues to generate negative return on investment. Howard Stutz took a deep dive into the numbers and he must have required a bathysphere to … Continue reading →

Posted in Cannery Casino Resorts, Dining, Entertainment, Genting, Harrah's, IGT, Isle of Capri, James Packer, Marketing, Mississippi, Mohegan Sun, Neil Bluhm, New York, Penn National, Pennsylvania, Revel, Sam Nazarian, Sheldon Adelson, SLS Las Vegas, Taxes, The Strip, Wall Street | 1 Comment

SLS: House of Pain

Posted on July 8, 2015 by David McKee

Former Revel President Scott Kreeger, now running SLS Las Vegas, must feel like he’s gone from the frying pan into the fire. An unusually trenchant Howard Stutz column lays out the problems facing the new casino, a hipster joint sitting … Continue reading →

Posted in California, Carl Icahn, Dining, Eldorado Resorts, Florida, Fontainebleau, Genting, Marketing, MGM Mirage, New York, Reno, Riviera, Sam Nazarian, SLS Las Vegas, Wall Street | 1 Comment

Caesars’ wheel of pain

Posted on March 3, 2015 by David McKee

“Loveman ‘fascinated’ by complexities of High Roller,” read one of today’s headlines. Perhaps he ought to be more fascinated by the complexities of Caesars Entertainment‘s bankruptcy, of which he is the undisputed architect. The company announced quarterly earnings yesterday, losing … Continue reading →

Posted in Dining, Entertainment, Harrah's, The Strip, Tourism, Wall Street | 3 Comments

Building a better Cosmopolitan

Posted on February 20, 2015 by David McKee

Although awash in generalities, Cosmopolitan of Las Vegas CEO Bill McBeath did allow some form of insight into his plans for the resort. Allowing that casino-floor performance was “pretty anemic,” he hopes to make it more attractive to high rollers. … Continue reading →

Posted in Architecture, Atlantic City, Cosmopolitan, Dining, Donald Trump, Economy, history, MGM Mirage, Sports, The Strip | Comments Off

Addition in Mississippi; Subtraction in Atlantic City; Gluttony in Las Vegas

Posted on January 29, 2015 by David McKee

It was all there in black and white: $935 million in state and federal taxes paid, and $4 billion in economic. That’s what Mississippi casinos achieved, despite two closures. “The numbers reflect we’re doing OK here in Mississippi,” understated Mississippi Gaming & … Continue reading →

Posted in Atlantic City, Dining, Economy, Glenn Straub, Louisiana, Marketing, Mississippi, Missouri, Revel, Taxes, The Strip | 1 Comment

Dismay in Wisconsin; Disorder at SLS

Posted on January 29, 2015 by David McKee

Wisconsin Gov. Scott Walker (R) has managed to bring Democrats and Republicans together — in opposition to his decision to nix a proposed Menominee Nation casino. Lawmakers cited the $250 million bond posted by the Menominee and the tribe’s promise … Continue reading →

Posted in Dining, Economy, Illinois, International, Internet gambling, James Packer, Politics, Regulation, Sam Nazarian, The Strip, Tribal, Wisconsin | Comments Off

Case Bets: IGT, Hard Rock, Golden Gaming

Posted on January 28, 2015 by David McKee

Profits were slimmer for International Game Technology in 1Q15, with the company reporting $35 million, 56% less than a year ago. IGT, which is in the process of being acquired by GTECH, offered little commentary on the results. CEO Patti … Continue reading →

Posted in Colorado, Columbia Sussex, Dining, Harrah's, Lake Tahoe, Lyle Berman, Maryland, Regulation, Sam Nazarian, Slot routes, Warner Gaming | 1 Comment

Straub holds Revel hostage; Caesars cutbacks begin

Posted on January 21, 2015 by David McKee

Revel continues to be a bone of contention. Utility supplier ACR Energy Partners is leading a group of creditors attempting to block the sale of Revel to Glenn Straub. The latter, they assert, could simply walk away from all contracts, claims, … Continue reading →

Posted in Atlantic City, Carl Icahn, Dining, Glenn Straub, Harrah's, Revel, The Strip, Trump Entertainment Resorts | 1 Comment

Celebrity Caesars investors get clipped

Posted on January 20, 2015 by David McKee

As the opposing sides entrench for an acrimonious battle over the assets of Caesars Entertainment, a few early losers are emerging. Unsecured creditor Robert DeNiro‘s Nobu in Caesars Palace is owed $459,964 and loud-mouthed chef Gordon Ramsay can yell all he … Continue reading →

Posted in Atlantic City, Boyd Gaming, Charity, Dining, Harrah's, Internet gambling, New York, Reno, The Strip, Tourism, Transportation, World Series of Poker | Comments Off

Icahn: My way or the highway

Posted on December 15, 2014 by David McKee

If Unite-Here doesn’t cave in today, it’s curtains for Trump Taj Mahal. Or so says Carl Icahn, who wants the union to abandon its court fight to restore health and pension benefits breached by Trump Entertainment Resorts. If Icahn carries … Continue reading →

Posted in Atlantic City, Boyd Gaming, Carl Icahn, Dining, Entertainment, Harrah's, Louisiana, Pinnacle Entertainment, Texas, The Strip, Tilman Fertitta, Tribal, Trump Entertainment Resorts | Comments Off

SLS struggles to find its niche; Cordish knows its one

Posted on November 25, 2014 by David McKee

Granted, Sam Nazarian had to do something with the Sahara, but so far when SLS Las Vegas makes the headlines it’s with another piece of bad news. F&B offerings have been cut back and the nightclub program is struggling. Rationalizes … Continue reading →

Posted in Boyd Gaming, Cordish Co., Dining, Genting, George Maloof, Harrah's, Maryland, New York, Regulation, Revel, Sahara, Sam Nazarian, The Strip | Comments Off

Brainless in Connecticut; Jobless in Las Vegas

Posted on November 10, 2014 by David McKee

What do you do when your slot revenues are declining? Build more casinos, of course! That’s the idea Mohegan Sun is pushing in Connecticut, with the help of a few well-placed lawmakers. It’s a no-brainer … as in, you’d have … Continue reading →

Posted in Boyd Gaming, Cosmopolitan, Dining, Foxwoods, Genting, Hard Rock International, Massachusetts, MGM Mirage, Mohegan Sun, New York, Sam Nazarian, Station Casinos, Taxes, The Strip, Tribal, Wisconsin | Comments Off

Linking to The Linq; Tribal Internet push

Posted on November 4, 2014 by David McKee

After an unhappy interregnum as The Quad, the former Imperial Palace officially becomes The Linq today. (What was up with that Quad nonsense anyway?) It might as well be called “The Millennial,” given the number of amenities targeted to that … Continue reading →

Posted in California, Dining, Donald Trump, Environment, GTECH, Harrah's, IGT, Internet gambling, Technology, The Strip, Tribal | Comments Off

Most happy fella; Grumbling on the Boardwalk

Posted on October 6, 2014 by David McKee

Although Sheldon Adelson was laying covetous eyes upon the Meadowlands last week — and reiterating his risible drivel about the mystical power of brick-and-mortar casinos to deter problem gambling — for the time being Las Vegas Sands is upping its bet … Continue reading →

Posted in Atlantic City, Carl Icahn, Dining, Glenn Straub, Hard Rock Hotel, Marketing, Pennsylvania, Problem gambling, Revel, Sam Nazarian, Sheldon Adelson, Singapore, The Strip, Trump Entertainment Resorts | Comments Off

Sanguine at Penn; Serrano goes Italian

Posted on October 1, 2014 by David McKee

Executives from Penn National Gaming were hosted by J.P. Morgan analysts this week at Global Gaming Expo and gave a fairly mellow outlook on business. Nationally, commerce is seen as stabilizing but not having bottomed out yet, although Penn is “holding … Continue reading →

Posted in Architecture, Dining, Election, G2E, Harrah's, history, Maryland, Massachusetts, MGM Mirage, New York, Ohio, Penn National, Politics, Racinos, Regulation, Steve Wynn, The Strip, Wall Street, West Virginia | Comments Off

Sold down the river; Wynn makes critical offer

Posted on September 5, 2014 by David McKee

For sale: One casino riverboat, heavily used. Penn National Gaming asked for — and received — dismissal of a bankruptcy petition, opting to sell the Belle of Sioux City on the open market. You might think it would be difficult … Continue reading →

Posted in Derek Stevens, Dining, Downtown, Entertainment, Iowa, Massachusetts, Penn National, Regulation, Steve Wynn, The Strip | Comments Off

The fees that ate Las Vegas

Posted on September 3, 2014 by David McKee

First, the good news. Harrah’s Las Vegas casino floor, one of the most claustrophobic and unpleasant in town is getting a makeover. And, while they’re at it, Caesars Entertainment is converting the space formerly occupied by The Cafe at Harrah’s and … Continue reading →

Posted in Dining, Harrah's, International, Maryland, Ohio, Phil Ruffin, Planet Hollywood, Regulation, Singapore, The Strip | Comments Off

Caesars has a live one, Revel not

Posted on August 27, 2014 by David McKee

Even though it’s still on pace to close Aug. 31, Showboat‘s last chapter may have yet to be written. Caesars Entertainment spokesman Gary Thompson told reporters that multiple expressions of interest in the property have been received. He added that … Continue reading →

Posted in Atlantic City, Dining, Economy, Harrah's, Maryland, Pennsylvania, Revel | Comments Off