Category Archives: Economy

Illinois: Optimism or suicide?

Posted on June 24, 2011 by David McKee

It doesn’t matter to state Rep. Lou Lang (D, right) that Illinois‘ casino revenues are puny compared to those of neighboring Indiana or that St. Louis-area players are defecting in droves. He wants racinos and more casinos, by golly, and … Continue reading →

Posted in Architecture, Boyd Gaming, Current, Economy, Entertainment, Harrah's, Illinois, Indiana, Internet gambling, James Packer, Lawrence Ho, Macau, Melco Crown Entertainment, MGM Mirage, Mississippi, Missouri, Neil Bluhm, Pennsylvania, Politics, Racinos, Regulation, Sheldon Adelson, Taxes, Texas, Tribal | 2 Comments

Genting’s amphibious strategy

Posted on June 24, 2011 by David McKee

There may not be Vegas-style casinos in Florida yet (at least not non-tribal ones) but Genting Bhd is taking a gamble of its own. While Sheldon Adelson talks about putting $3 billion into the Miami area, Genting is already doing … Continue reading →

Posted in Economy, Florida, Genting, Harrah's, International, Macau, MGM Mirage, Politics, Sheldon Adelson, Singapore, Steve Wynn, Taxes, The Strip, Tourism, Tribal | 2 Comments

This is interesting …

Posted on June 20, 2011 by David McKee

A congressional candidate from Nevada has launched his campaign with this Red Scare-style (and somewhat jingoistic) blast at the nation upon whom some of the state’s largest employers — Las Vegas Sands, Wynn Resorts and MGM Resorts International — depend … Continue reading →

Posted in Economy, Election, Harrah's, International, Macau, Marketing, MGM Mirage, Michael Gaughan, Politics, Sheldon Adelson, Steve Wynn | Comments Off on This is interesting …

Shopping spree: Boyd, Melco, Sands; Trouble in Adelsonia

Posted on June 16, 2011 by David McKee

For those of you waiting for Boyd Gaming to do something with all its undrawn credit, the moment has arrived. Having surveyed the chips on the board, Boyd has pounced upon … IP Casino Resort Spa (née Imperial Palace Biloxi) … Continue reading →

Posted in Ameristar, Boyd Gaming, Cretins, Current, Economy, Florida, Harrah's, history, International, James Packer, Lawrence Ho, Macau, Melco Crown Entertainment, Mississippi, Pennsylvania, Pinnacle Entertainment, Politics, Regulation, Sheldon Adelson, Singapore, Stanley Ho, Steve Wynn, Technology, The Strip, Wall Street | Comments Off on Shopping spree: Boyd, Melco, Sands; Trouble in Adelsonia

Where would Jesus play? Harrah’s!

Posted on June 14, 2011 by David McKee

In one of the most surprising press releases I have ever received, the 2011 Believe Crusade is coming to Harrah’s Tunica. Or rather, to “Harrah’s Mid-South Convention Center,” as the promotional materials euphemistically term it. Featuring every C-list African American … Continue reading →

Posted in Current, Economy, Harrah's, Macau, Marketing, Mississippi, Regulation, Reno, Tourism | 3 Comments

Kasich wins, Caesars caves

Posted on June 13, 2011 by David McKee

Why is this man smiling? Because Cleveland Cavaliers owner Dan Gilbert and partner Caesars Entertainment just displayed all the backbone of a wet noodle, conceding to unspecified annual fee payments, so that they can get on with their Cleveland and … Continue reading →

Posted in CityCenter, Cosmopolitan, Current, Economy, Entertainment, Harrah's, history, Iowa, MGM Mirage, Ohio, Penn National, Planet Hollywood, The Strip, Tourism | 3 Comments

Quote of the Day

Posted on June 12, 2011 by David McKee

“Meanwhile, it is impossible to convince the media to cover the United States $14 trillion budget or that the United States is footing the bill for 75 percent of all military operations in Libya. The fourth estate has become TMZ … Continue reading →

Posted in Current, Economy | Comments Off on Quote of the Day

Frosty spring on the Boardwalk; Tortoises vs. hares in Pennsylvania

Posted on June 10, 2011 by David McKee

Dennis Gomes‘ comeback trail at Resorts Atlantic City (left) finally hit a wall in May. The recovering casino was 4% off last year’s pace, although that’s above-average performance in market that took another thwack last month, down 9%. The feeble … Continue reading →

Posted in Atlantic City, Boyd Gaming, Current, Dennis Gomes, Donald Trump, Economy, George Maloof, Harrah's, Neil Bluhm, Pennsylvania, Racinos, The Strip, Tilman Fertitta, Tourism, Tropicana Entertainment | Comments Off on Frosty spring on the Boardwalk; Tortoises vs. hares in Pennsylvania

Quote of the Day

Posted on June 10, 2011 by David McKee

“[Nevada Gaming Control Board analyst Michael] Lawton said the taxes were up despite revenue being down because of credit play and collections from prior months. Lawton said that when players lose money gambling on casino credit, casinos tally the monthly … Continue reading →

Posted in Economy, Regulation, Taxes | Comments Off on Quote of the Day

The Strip in April: Down and yet up; Gettysburg: The south loses again

Posted on June 9, 2011 by David McKee

According to the Nevada Gaming Control Board, casino revenue in the state was down 2% in April … except that it wasn’t. Since the month ended on a Saturday, slot revenue from the last two days of April got slopped … Continue reading →

Posted in Ameristar, Boulder Strip, Boyd Gaming, California, Current, Economy, Harrah's, Illinois, Indiana, International, Isle of Capri, Lake Tahoe, Pennsylvania, Politics, Regulation, The Strip, Tourism, Transportation, Wall Street | Comments Off on The Strip in April: Down and yet up; Gettysburg: The south loses again

Life’s good …

Posted on June 8, 2011 by David McKee

… if you happen to be George Maloof and can hang out at Palms Place on Sunday with a bunch of Miss USA contestants. However, as for young lovelies like … … Miss Nevada, one Sarah Chapman, I’d advise staying … Continue reading →

Posted in Ameristar, Culinary Union, Current, Dining, Downtown, Economy, Election, Entertainment, George Maloof, Harrah's, Iowa, Isle of Capri, Penn National, Taxes, The Strip | Comments Off on Life’s good …

Quote of the Day

Posted on June 7, 2011 by David McKee

“In Latin American, African or Asian countries, I sometimes see shiny tanks and fighter aircraft — but schools that have trouble paying teachers. Sound familiar? And the upshot is societies that are quasi-feudal, stratified by social class, held back by … Continue reading →

Posted in Economy, International | 2 Comments

Loveman: Norton, you’re not the greatest; Another seesaw in Macao

Posted on June 3, 2011 by David McKee

Caesars Entertainment Chief Marketing Officer David Norton, developer of Total Rewards, got his walking papers yesterday. The old “pursuing other interests” excuse was deployed; familiar industry code for “Don’t let the doorknob hit you on the way out.” Publicly, CEO … Continue reading →

Posted in Ameristar, Current, Economy, Harrah's, James Packer, Lawrence Ho, Macau, Marketing, Melco Crown Entertainment, MGM Mirage, Pansy Ho, Penn National, Pinnacle Entertainment, Regulation, Sheldon Adelson, Stanley Ho, Steve Wynn | 1 Comment

The ‘hot’ list that’s not; Grumpy old Fulton; A threat from Quinn

Posted on June 3, 2011 by David McKee

A sudden barrage of commissions has been getting between me and S&G. At the very least, I can get a few quick hits in before the weekend. For instance … Earth to Vegas.com … while I realize that Las Vegas … Continue reading →

Posted in Current, Economy, Entertainment, Harrah's, Horseracing, Illinois, MGM Mirage, Movies, Neil Bluhm, Pennsylvania, Politics, Racinos, Regulation, The Strip, Tourism, Tribal, TV | 3 Comments

Sands: Pump up the volume; Nevada’s new casino tax; Cannery’s secret weapon

Posted on June 1, 2011 by David McKee

As in “VIP volume.” That’s what Las Vegas Sands has to do in order to monetize some of its Macao assets, according to a J.P. Morgan report that appeared this morning. In the course of meeting with Sands honchos, Joseph … Continue reading →

Posted in Boulder Strip, Cannery Casino Resorts, Economy, Herbst Gaming, Macau, Marketing, North Las Vegas, Oscar Goodman, Pennsylvania, Racinos, Regulation, Sheldon Adelson, Singapore, Taxes, The Strip, Tourism, Wall Street | 3 Comments

Ruffin it; Atlantic City: up in smoke?

Posted on May 31, 2011 by David McKee

“Nightclubs — we just didn’t fare well with them. There are so many nightclubs. Everyone’s got just one or two. Ours were just marginal.” That’s Treasure Island owner Phil Ruffin‘s argument for repositioning the pirate place for a mid-market, middle-aged … Continue reading →

Posted in Atlantic City, Boyd Gaming, Cirque du Soleil, Dennis Gomes, Donald Trump, Economy, Entertainment, Environment, Hard Rock Hotel, Harrah's, history, Horseracing, Kansas, Macau, Marketing, Massachusetts, Morgans Hotel Group, New York, Pennsylvania, Phil Ruffin, Politics, Problem gambling, Racinos, Regulation, Station Casinos, The Strip, Tilman Fertitta, Tourism, Tribal, Wall Street, Warner Gaming | 1 Comment

Good news from Vegas; Penn regulators roasted

Posted on May 31, 2011 by David McKee

Those tireless analysts at J.P. Morgan have been crunching numbers again and found that, during the June 19-25 period, Strip room rates are up 24% from last year, from average ADR of $148 to $183, driven by vastly — i.e., … Continue reading →

Posted in Cosmopolitan, Don Barden, Economy, Harrah's, Pennsylvania, Regulation, Sheldon Adelson, The Strip, Tourism, Wall Street | Comments Off on Good news from Vegas; Penn regulators roasted

Illinois’ suicide pact; Donald Trump, freeloader

Posted on May 31, 2011 by David McKee

Whether you spent Memorial Day grilling some bratwurst or, like me, crawling around with Murphy’s Oil Soap and a cleaning cloth, we did no harm. That can’t be said for the Illinois House of Representatives, which opened a can of … Continue reading →

Posted in Bally Technologies, Current, Donald Trump, Economy, Horseracing, IGT, Illinois, Indiana, Iowa, Missouri, Penn National, Politics, Racinos, Regulation, Slot routes, Taxes, The Strip, WMS Industries | 3 Comments

Quote of the Day

Posted on May 31, 2011 by David McKee

“[That’s] like saying that a third of the houses available are vacant, but let’s help the economy by building more houses.” — Illinois Casino Gaming Association Executive Director Tom Swoik, testifying against a bill that would more than double the … Continue reading →

Posted in Current, Economy, Illinois, Politics, Racinos, Regulation, Taxes | Comments Off on Quote of the Day

Quote of the Day

Posted on May 27, 2011 by David McKee

“With the recession, the gap between the rich and poor grows ever greater, and Las Vegas is a microcosm of that right in front of us. the gambling and waste in this town confounds me — within feet of a … Continue reading →

Posted in Current, Economy, Entertainment, The Strip, Tourism | Comments Off on Quote of the Day