Category Archives: Downtown

And then there were fewer; The Culinary’s empty threats

Posted on May 20, 2014 by David McKee

Scratch two names from the mad scramble for a New York State casino. The vaguely interested Rolling Hills Entertainment is out but it was a long shot. Of greater consequence is Pinnacle Entertainment‘s abandonment of its pursuit of the Albany … Continue reading →

Posted in Boyd Gaming, Churchill Downs, Culinary Union, Derek Stevens, Downtown, Harrah's, Illinois, Maryland, New York, Pinnacle Entertainment, Racinos, Tamares Group, Taxes, Terry Caudill | Comments Off

Fertitta breaks ranks; Roll them bones

Posted on May 19, 2014 by David McKee

Golden Nugget owner Tilman Fertitta, 56, may be a Baby Boomer himself, but he’s not satisfied with his Boomer-centric clientele. As he told the Southern Gaming Summit, “One of my scariest things that is young people do not play slot machines.” … Continue reading →

Posted in Downtown, Geoff Freeman, Massachusetts, Sheldon Adelson, Steve Wynn, Technology, Tilman Fertitta | 2 Comments

New York: The rush is on; Baloney in Philly

Posted on May 13, 2014 by David McKee

New York State has come out with its required minimum casino investments, which range from $70 million to $350 million, although the reality is a complicated formula too tortuous to unravel here, laden with ‘ifs,’ ‘ands’ and ‘buts.’ (The $350 … Continue reading →

Posted in Downtown, Economy, Genting, Harrah's, Internet gambling, New York, Pennsylvania, Shuffle Master, Technology, Tribal | Comments Off

Vegas: A return to the halcyon years? It looks that way

Posted on April 30, 2014 by David McKee

Las Vegas recorded its highest visitation numbers of all time last March, helping to drive gambling revenue 8% upward. We had 3.7 million tourists, 4% than the previous year. Despite fewer conventions, a 20.5% leap in convention attendance (with the … Continue reading →

Posted in Downtown, Economy, Harrah's, Lake Tahoe, Laughlin, Mesquite, MGM Mirage, North Las Vegas, Ohio, Pennsylvania, Reno, Sam Nazarian, Tourism, Wall Street | 1 Comment

MGM blows away Wall Street expectations

Posted on April 29, 2014 by David McKee

Posting more than double Wall Street‘s consensus of earnings per share ($0.21 rather than $0.09), MGM Resorts International had a good quarter, to say the least. Even CityCenter exceeded expectations by 11%. J.P. Morgan analyst Joseph Greff took it all … Continue reading →

Posted in Animals, CityCenter, Colorado, Detroit, Downtown, Entertainment, Horseracing, Internet gambling, Iowa, Macau, Massachusetts, MGM Mirage, Regulation, Steve Wynn, The Strip, Wall Street | Comments Off

Gambling: It’s not what it used to be

Posted on April 23, 2014 by David McKee

Nevada‘s casino industry is still in the Great Recession, if profits and losses are anything by which to go. Posting their fifth consecutive year of losses, they were $1.35 billion in the red, on $24 billion in revenues. No surprise, … Continue reading →

Posted in Animals, Dining, Downtown, Economy, Entertainment, Lake Tahoe, Laughlin, Planet Hollywood, Reno, Sheldon Adelson | Comments Off

The best of Las Vegas; Neil Bluhm returns

Posted on April 1, 2014 by David McKee

Although I can’t imagine that too many of our readers are strangers to Las Vegas, perhaps there are a few. In that case, USA Today found somebody — well, me — to offer some helpful tips. For instance, here’s the … Continue reading →

Posted in Dining, Downtown, Entertainment, Massachusetts, Neil Bluhm, Penn National, Regulation, The Strip, Tribal | Comments Off

Save the whales; Boffo contract in Wisconsin

Posted on March 28, 2014 by David McKee

824 grand. That’s how much online poker revenue Nevada generated in February, the first month in which it has reported such numbers. (Sheldon Adelson‘s fear of Internet poker is like an elephant cowering before a mouse.) Since online play went … Continue reading →

Posted in Boulder Strip, Downtown, Economy, Foxwoods, Internet gambling, Lake Tahoe, Laughlin, Massachusetts, MGM Mirage, North Las Vegas, Sheldon Adelson, Steve Wynn, Tribal, Wall Street, Wisconsin | Comments Off

Dramatic turnarounds in Massachusetts; Tribe-on-tribe conflict in California

Posted on March 19, 2014 by David McKee

Hopes that the Mashpee Wampanoags have for a casino got a big lift on March 12. That’s when Interior Department Solicitor Hilary Tompkins ruled that tribes not recognized before 1934 weren’t excluded from casino eligibility. In her interpretation of the … Continue reading →

Posted in Boyd Gaming, California, Culinary Union, Derek Stevens, Downtown, Goldman Sachs, Harrah's, Horseracing, Massachusetts, Mohegan Sun, Regulation, Station Casinos, Steve Wynn, Tamares Group, Terry Caudill, The Strip, Tilman Fertitta, Tribal | Comments Off

Meet Derek Stevens

Posted on March 18, 2014 by David McKee

Posted in Architecture, Derek Stevens, Downtown, Economy, Marketing | Comments Off

Jackie Gaughan remembered; New York’s bullish expansion

Posted on March 18, 2014 by David McKee

Verbal tributes to the late Jackie Gaughan continue to roll in and may not end with yesterday’s funeral. He was remembered as a man who said “Honesty, character and morals are 75 percent of the job. I can teach you … Continue reading →

Posted in California, Downtown, history, MGM Mirage, New York, Tribal | Comments Off

Case Bets: ‘Net-bet wrangle; Showdown on Fremont Street; New England update

Posted on March 17, 2014 by David McKee

Get your tickets now for next week’s iGaming North America 2014 conference, to be held at Planet Hollywood. The thought of a keynote speech by Ultimate Poker‘s Tom Breitling doesn’t get our pulses racing — but one of the marquee events … Continue reading →

Posted in Downtown, Foxwoods, Internet gambling, Maine, Mohegan Sun, Racinos, Sheldon Adelson, Station Casinos, Transportation | 1 Comment

‘Pawn Shop’ moves to Strip

Posted on March 14, 2014 by David McKee

If you haven’t seen Pawn Shop Live! at the Golden Nugget, you’ve still got a couple of weeks to do so but on April 17 it reopens at the Riviera. Don’t go expecting a stage version of Pawn Stars. Directed … Continue reading →

Posted in Current, Downtown, Entertainment, Riviera, The Strip, Tilman Fertitta, TV | Comments Off

Nose candy at Mandalay Bay; Remembering Gaughan

Posted on March 13, 2014 by David McKee

It’s a measure of how lucrative nightclubs are that casino companies are willing to run the attendant risks. (Put another way, by contrast to nightclubs, casinos look as staid as banks.) Case in point, MGM Resorts International‘s half-million-dollar settlement with … Continue reading →

Posted in Downtown, Economy, Foxwoods, Internet gambling, Massachusetts, MGM Mirage, Problem gambling, Regulation, Station Casinos, The Strip, Trump Entertainment Resorts | Comments Off

Jackie Gaughan, 1920-2014

Posted on March 12, 2014 by David McKee

The humility with which Jackie Gaughan did business would be un-thought-of in today’s casino world. He’d come to work through the front door and his “office” was a hotel room adapted for the purpose. At various times, Jackie owned all or … Continue reading →

Posted in Downtown, history, Regulation, Steve Wynn, The Strip | 2 Comments

Boyd: Japan or bust

Posted on March 6, 2014 by David McKee

Well, they weren’t that dramatic about it. But Boyd Gaming executives surprised Wall Street analysts by announcing their interest in having a Japanese casino. For all the ongoing success of Borgata, we still think of Boyd as a small-casino company, … Continue reading →

Posted in Boyd Gaming, Downtown, Iowa, Marketing, MGM Mirage, New York, Penn National, Problem gambling, Racinos, Regulation, Sahara, Sam Nazarian, The Strip | 1 Comment

Empire State scramble; Stalemate in Kentucky; Too cozy in Ohio?

Posted on March 5, 2014 by David McKee

Casino expansion continues to speed along in New York State, where college president Mark Gearan (right) has been formally installed as New York State Gaming Commission chairman, filling out the five-member body. Prior to taking office, he was presented with some … Continue reading →

Posted in Cordish Co., Downtown, Entertainment, Horseracing, Kentucky, New York, Ohio, Penn National, Politics, Racinos, Regulation, Technology, The Strip | Comments Off

Nugget strikes gold; Hailing Caesars

Posted on February 25, 2014 by David McKee

One casino’s misery is another’s good fortune. The Golden Nugget in Atlantic City says it’s being swamped with new business ever since Caesars Entertainment and Tropicana Entertainment conspired to the euthanize the Atlantic Club. According to General Manager Tom Pohlman, … Continue reading →

Posted in Architecture, Atlantic City, Cordish Co., Delaware, Downtown, Economy, Harrah's, Internet gambling, Maryland, MGM Mirage, Taxes, The Strip, Tilman Fertitta, Tropicana Entertainment | 1 Comment

Wranglers find new home; Riding El Loco

Posted on February 19, 2014 by David McKee

Having been turfed out of The Orleans, the Las Vegas Wranglers hockey team has been bereft of a home. But they’ve paired up with Tamares Gaming in an unusual move. The Wranglers — rink, stands, zamboni and all — will … Continue reading →

Posted in Bally Technologies, Boyd Gaming, Downtown, Entertainment, MGM Mirage, New York, Racinos, Sports, Tamares Group, Technology, The Strip | Comments Off

Buoyancy in Vegas, contentment at Wynn

Posted on January 31, 2014 by David McKee

Despite somewhat less money being dropped on the Las Vegas Strip, revenue was up 13% last December, closing out a strong 4Q13. Statewide, revenue was up 10%, slightly over a billion dollars. Tighter slot hold on the Strip helped fuel … Continue reading →

Posted in Atlantic City, Boulder Strip, Boyd Gaming, Downtown, Economy, Lake Tahoe, Laughlin, Macau, Massachusetts, Mohegan Sun, Racinos, Reno, Steve Wynn, Taxes, The Strip, Tribal, Wall Street | Comments Off