Category Archives: Economy

More slump at Trump; Home woes ease

Posted on October 25, 2012 by David McKee

Trump International is hawking bargain rates for the Yuletide season, including price-matching, Saks Fifth Avenue discounts, “guaranteed late check out” (translation: Please stay with us!) and more. The sheer plethora of discounts and giveaways hints at an increasing level of … Continue reading →

Posted in Current, Donald Trump, Economy, Illinois, International, Marketing, Midnight Jim Gibbons, Phil Ruffin, The Strip, Tourism | 4 Comments

Boyd Gaming: Stardust memories

Posted on October 23, 2012 by David McKee

Shortly before Global Gaming Expo, I had a chance to sit down with Boyd Gaming CEO Keith Smith and query him on the company’s growth strategy, which will soon plant the Boyd flag in Kansas and Iowa. While many casino … Continue reading →

Posted in Bally Technologies, Boyd Gaming, Economy, G2E, Iowa, Kansas, Sheldon Adelson, Technology, The Strip | 5 Comments

Pinnacle saves September in Louisiana; Echelon under wraps; The red-headed stepkids of Station, Sands and Caesars

Posted on October 18, 2012 by David McKee

Folks down in the Pelican State had better things to do than gamble last month … like clean up after Hurricane Isaac. This might account for a 5% year/year decline in casino revenues. Louisiana‘s gambling venues grossed $200 million last … Continue reading →

Posted in Boyd Gaming, CityCenter, Current, Economy, Entertainment, Florida, Harrah's, Isle of Capri, Louisiana, Marketing, MGM Mirage, Missouri, Pennsylvania, Pinnacle Entertainment, Politics, Racinos, Regulation, Sheldon Adelson, Station Casinos, Taxes, The Strip, Tourism, Transportation, Wall Street | Comments Off

Election special 1: Oregon, Nevada, Michigan & Rhode Island

Posted on October 17, 2012 by David McKee

It’s time to wind up the S&G electoral machinery and look at casino-related ballot questions that you might be asked to weigh come November. In Arkansas, we’ve already had the piquant spectacle of a gambling ballot initiative that was struck … Continue reading →

Posted in Detroit, Economy, Election, Harry Reid, Illinois, International, Maryland, Massachusetts, Racinos, Rhode Island, Sheldon Adelson, Shuffle Master, Taxes, Tribal, Wall Street | Comments Off

Nevada disappoints but Atlantic City bombs

Posted on October 12, 2012 by David McKee

If there’s a saving grace to August’s rather glum Nevada gambling win (-3%), it’s that the month ended on a Friday, so there may be some as-yet-unreported slot revenue that will fluff the September results. (That optimism must be offset, … Continue reading →

Posted in Atlantic City, Boulder Strip, Boyd Gaming, Colony Capital, Current, Donald Trump, Downtown, Economy, Harrah's, Laughlin, North Las Vegas, Politics, Racinos, Revel, The Strip, Tilman Fertitta, Tropicana Entertainment | 1 Comment

When money talks, few are deaf

Posted on October 12, 2012 by David McKee

When addressing the subject of Sheldon Adelson (must we?), the extent to which he has stolen Wynn’s thunder and lightning was made manifest by a lengthy Politico.com profile. Adelson (right, ca. 1998), who can often behave like a colicky infant, … Continue reading →

Posted in Current, Economy, Election, Harrah's, Internet gambling, Macau, MGM Mirage, Politics, Regulation, Steve Wynn, Taxes, Tourism, TV, Wall Street | 1 Comment

Revenue roundup: Ohio, Maryland, Missouri & Indiana; Mohegan Sun snow job

Posted on October 11, 2012 by David McKee

Let’s start with the new kid on the block … Ohio: September saw Ohio‘s two casinos and one racino rake in an aggregate $50 million. The ‘novelty factor’ has waned, along with vacation time, since June’s $58 million haul, but … Continue reading →

Posted in Ameristar, Atlantic City, Boyd Gaming, Cordish Co., Current, Dan Gilbert, Don Barden, Economy, Election, Harrah's, Illinois, Indiana, Isle of Capri, Kansas, Maryland, Massachusetts, Missouri, MTR Gaming, Ohio, Penn National, Pennsylvania, Pinnacle Entertainment, Racinos, Taxes, Tribal, Tropicana Entertainment, Wall Street, West Virginia | 2 Comments

Black man frightens Steve Wynn, Part Two; MGM: Time to forget Harmon?

Posted on October 10, 2012 by David McKee

As Yahoo‘s Jeff Macke cuttingly puts it, he “found a real, live businessman who creates jobs,” thereby providing a Steve Wynn-to-sanity translation, courtesy of CIO Advisors‘ Hugh Johnson. If Wynn were truly being honest, he’d cut to the quick: He’s … Continue reading →

Posted in Architecture, Cantor Gaming, CityCenter, Colony Capital, Columbia Sussex, Cosmopolitan, Cretins, Current, Donald Trump, Economy, Election, Fontainebleau, Goldman Sachs, Hard Rock Hotel, Harrah's, history, International, Louisiana, Macau, Massachusetts, MGM Mirage, Morgans Hotel Group, North Las Vegas, Politics, Sports, Station Casinos, Steve Wynn, Technology, TV, Wall Street | 2 Comments

Black man frightens Steve Wynn, Part One

Posted on October 10, 2012 by David McKee

Update: Today, Wynn got into the act in the ongoing Big Bird charade. As Steve Sebelius points out, it’s meaningless posturing, nothing more. Life’s been good to Steve Wynn. How good? Well, if you or I talked like a crazy … Continue reading →

Posted in Atlantic City, Cantor Gaming, CityCenter, Colony Capital, Columbia Sussex, Cosmopolitan, Cretins, Current, Donald Trump, Economy, Election, Entertainment, Fontainebleau, Goldman Sachs, Harrah's, Macau, Massachusetts, MGM Mirage, Morgans Hotel Group, North Las Vegas, Pennsylvania, Plaza, Politics, Regulation, Sports, Station Casinos, The Strip, TV | 27 Comments

And Columbus makes three …

Posted on October 9, 2012 by David McKee

Fittingly, Penn National Gaming chose Columbus Day to open its newest casino, in the Ohio city that bears the name of the man who didn’t quite discover America in 1492. With 3,000 slots and 100 tables, it’s loaded for bear. … Continue reading →

Posted in Architecture, Current, Dan Gilbert, Dining, Economy, Harrah's, Indiana, M Resort, Missouri, MTR Gaming, Ohio, Penn National, Racinos, Station Casinos, Taxes, Technology, The Strip, TV, Wall Street | 3 Comments

Gomes alone; Mohegan Sun pink-slip-slidin’ away

Posted on September 28, 2012 by David McKee

Former Resorts Atlantic City underboss Aaron Gomes might want to change his travel plans. Scarcely had he announced his departure from his late father’s casino than his new gig, Sydney‘s troubled Star Casino, looks very doubtful. Gomes had planned to … Continue reading →

Posted in Atlantic City, Australia, Boyd Gaming, Carl Icahn, Columbia Sussex, Current, Dennis Gomes, Economy, Genting, Marketing, Massachusetts, New York, Racinos, Regulation, Tourism, Tribal, Tropicana Entertainment | Comments Off

Would you buy a used Monorail from these guys?

Posted on September 26, 2012 by David McKee

Let the record show that the American Gaming Association‘s daily SmartBrief is an invaluable one-stop shop for casino-related news stories, especially now that several of the leading Las Vegas-centric blogs have taken a dirt nap. However, if you can’t find … Continue reading →

Posted in Alex Yemenidjian, Current, Economy, Harrah's, MGM Mirage, Sheldon Adelson, Taxes, The Strip, Tourism, Transportation | 5 Comments

Colony Capital and the Temple of Doom; Big Gaming’s come a long way, baby

Posted on September 25, 2012 by David McKee

Earlier today, I penned a 1.5-page Question of the Day on the recent past and dubious future of the Las Vegas Hotel & Casino, which I habitually type as “Las Vegas Hilton.” Even if one confines the narrative to the … Continue reading →

Posted in Atlantic City, Colony Capital, Culinary Union, Current, Dennis Gomes, Downtown, Economy, Election, Entertainment, Goldman Sachs, Planet Hollywood, Politics, Sahara, Sheldon Adelson, Station Casinos, Tamares Group, The Strip | Comments Off

Louisiana better than expected; Arkansas casinos: Wait ’til year after next

Posted on September 20, 2012 by David McKee

“It could have been better.” That will be the refrain from Louisiana, up 1% last month despite some final-week disruption by an unwelcome visitor named Hurricane Isaac. Allowing for a few blips here and there throughout the state, including a … Continue reading →

Posted in Current, Economy, Election, Harrah's, Louisiana, Maryland, Penn National, Pennsylvania, Pinnacle Entertainment, Racinos, Regulation, Taxes, Texas | Comments Off

Western … sold?; Loveman takes a bath; Loving couples at the Flamingo

Posted on September 20, 2012 by David McKee

Update: The head of Tamares Group’s Vegas casino operations, Anthony Santo, has contacted S&G. He categorically denies that any sale of the Western has taken place. Well, “the Internets” are jumping today with the rumor that the defunct Western Hotel … Continue reading →

Posted in Animals, Boyd Gaming, Current, Dining, Downtown, Economy, Entertainment, Environment, Harrah's, Tourism | 6 Comments

Hicks is back; Sheldon Adelson, misery broker

Posted on September 19, 2012 by David McKee

Give Caesars Entertainment for making a good call this week. It’s inked a one-year residency deal with American Idol winner Taylor Hicks to return to Bally’s, starting Oct. 17. Prices will still begin at a wallet-friendly $40/seat and, in light … Continue reading →

Posted in Colony Capital, Current, Economy, Election, Entertainment, Florida, Goldman Sachs, Harrah's, International, Movies, Planet Hollywood, Sheldon Adelson, Taxes, The Strip, Wall Street | 1 Comment

Atlantic City: Revenues up, Seminoles out, Mohegans in

Posted on September 17, 2012 by David McKee

Stick a fork in the Dennis Gomes legacy at Resorts Atlantic City. Son Aaron Gomes is not only leaving but going halfway around the globe, to team up with former Borgata exec Larry Mullin and reboot Jupiters Gold Coast Casino, … Continue reading →

Posted in Atlantic City, Australia, Boyd Gaming, Colony Capital, Current, Dennis Gomes, Donald Trump, Economy, Harrah's, Marketing, Massachusetts, Pennsylvania, Regulation, Revel, Taxes, Tilman Fertitta, Tourism, Wall Street | 4 Comments

Speed: The Ride … found!; Dueling Ferris wheels and Caesars’ wonderful life

Posted on August 17, 2012 by David McKee

Remember all those rumors that had the Sahara‘s now-vanished Speed: The Ride packed up and headed for Circus Circus? Not so! The good folks and inquiring minds at VegasChatter.com were sussing out some dormant South Strip developments and discovered … … … Continue reading →

Posted in Architecture, Atlantic City, California, Current, Economy, Entertainment, Harrah's, Illinois, International, Internet gambling, Marketing, Maryland, Massachusetts, MGM Mirage, Movies, New York, Racinos, Rhode Island, Sahara, Taxes, The Strip, Tourism, Transportation, Wall Street | 2 Comments

A hard dose of truth

Posted on August 14, 2012 by David McKee

Every so often, when the economy fails to do their bidding, Wall Street analysts speak wistfully of “pent-up demand” among players. This unicorn-like phenomenon mostly romps in their collective imagination, although occasionally a gaming CEO or two falls into the … Continue reading →

Posted in Current, Economy, Marketing, Wall Street | 6 Comments

Nevada: We’re skewed!; Dark Side of the Force

Posted on August 9, 2012 by David McKee

I always hate doing Nevada gaming numbers because A) it’s redundant with the coverage in the local dailies and B) almost every month you have to trot out the caveat that — as was the case in June — the … Continue reading →

Posted in Boulder Strip, Cosmopolitan, Current, Downtown, Economy, Entertainment, Harrah's, Lake Tahoe, Marketing, Mesquite, Movies, North Las Vegas, Reno, Tourism, TV, Wall Street | Comments Off