Category Archives: Economy

Steve Wynn, Las Vegas Vegan; Where the Boomer bux have gone

Posted on May 27, 2011 by David McKee

As he will tell anybody who listens, Wynn Resorts CEO Steve Wynn is not only a Las Vegan but a Las Vegas vegan. There’s no zealot like a convert and Wynn (the only casino boss to whom the term “genius” … Continue reading →

Posted in Architecture, Cosmopolitan, Dining, Donald Trump, Economy, Encore, Entertainment, Steve Wynn, Tourism, TV, Wall Street | 3 Comments

Atlantic City on the mend; Trump: Fish or cut bait?; Mike Ensign’s woes

Posted on May 25, 2011 by David McKee

My apologies for attenuated bloggery today but a swarm of deadlines presses upon me, including coverage of the demise of 104-year-old Huguette Clark, daughter of Sen. William A. Clark, from whom Clark County takes its name. You’ll find a lengthy … Continue reading →

Posted in Alex Yemenidjian, Architecture, Atlantic City, Boyd Gaming, Carl Icahn, Charity, CityCenter, Colony Capital, Current, Dan Lee, Dennis Gomes, Donald Trump, Downtown, Economy, Election, Environment, Harrah's, history, Isle of Capri, Marketing, MGM Mirage, Missouri, Penn National, Pinnacle Entertainment, Planet Hollywood, Regulation, Sheldon Adelson, Steve Wynn, The Strip, Tilman Fertitta, Wall Street | 4 Comments

Young Turks at Lady Luck; Pokergeddon clips bill’s wings

Posted on May 24, 2011 by David McKee

Seth Schorr, son of Wynn Resorts COO Marc Schorr, has charged with the responsibility of bringing the Lady Luck Casino Hotel back from the dead. Schorr fils got started in the industry early (age 12, to be precise), spending his … Continue reading →

Posted in Current, Downtown, Economy, Entertainment, Internet gambling, Laughlin, North Las Vegas, Politics, Regulation, Steve Wynn, The Strip | 5 Comments

Herbst Gaming: new name, familiar faces

Posted on May 23, 2011 by David McKee

No, the company hasn’t been dissolved. But with the various Herbst boys having been run off — plus the negative brand equity created by their eponymous casino firm’s financial collapse — new ownership decided it’s time for a new moniker. … Continue reading →

Posted in Aristocrat, Boyd Gaming, California, Carl Icahn, Current, Donald Trump, Downtown, Economy, Entertainment, Harrah's, Herbst Gaming, history, IGT, Illinois, International, MGM Mirage, Regulation, The Strip, Tropicana Entertainment | 1 Comment

The wild bunch

Posted on May 23, 2011 by David McKee

There’s no one more depraved than a politician looking to close a revenue shortfall. So we’ve learned from the drive-by shootings hailing from the amoral outlaw band otherwise known as the Nevada Legislature. As sage political pundit Obi-Wan Kenobi observed, … Continue reading →

Posted in Cantor Gaming, Colorado, Economy, MGM Mirage, Midnight Jim Gibbons, Movies, Politics, Problem gambling, Regulation, Taxes | 2 Comments

Atlantic City: Fertitta in, Trump out; Inside Pokergeddon

Posted on May 18, 2011 by David McKee

Trump Marina became “RUMP Marina” this week (watch the video), as workers began removing vestiges of the Donald J. Trump era from the property. New owner Landry’s Restaurants is wasting no time putting its Golden Nugget imprimatur on the last-place … Continue reading →

Posted in Ameristar, Atlantic City, Colony Capital, Cordish Co., Current, Dining, Downtown, Economy, Harrah's, history, Horseracing, Illinois, International, Internet gambling, Isle of Capri, Marketing, Penn National, Regulation, Station Casinos, Steve Wynn, Wall Street | Comments Off on Atlantic City: Fertitta in, Trump out; Inside Pokergeddon

Trump’d and skunked

Posted on May 18, 2011 by David McKee

Having predicted from Moment One that Donald Trump‘s TV ratings stunt masquerading as a presidential campaign was a traveshamockery and nothing less, please forgive me if I take one more victory lap, courtesy of Lawrence O’Donnell. The MSNBC pundit, who … Continue reading →

Posted in Donald Trump, Economy, Election, Florida, International, Phil Ruffin, Politics, Racinos, Sheldon Adelson, The Strip, TV | 1 Comment

Sahara, 1952-2011

Posted on May 17, 2011 by David McKee

UNLV‘s David G. Schwartz pronounces the last rites for the Sahara, whose darkened hulk is Sam Nazarian‘s bequest to the Strip. Plans to strip the property of furnishings are a gloomy portent and SBE didn’t even wait for the end … Continue reading →

Posted in Culinary Union, Economy, Entertainment, history, Marketing, MGM Mirage, Sahara, The Strip | Comments Off on Sahara, 1952-2011

Quote of the Day

Posted on May 17, 2011 by David McKee

“[Donald] Trump argues that a trade deficit with a country means that American trade with that country is bad for America, that the amount of a trade deficit represents the amount of damage to America. He says that America has … Continue reading →

Posted in Atlantic City, Donald Trump, Economy, Marketing, Wall Street | Comments Off on Quote of the Day

A tale of three casinos; Explosive night at Monte Carlo

Posted on May 16, 2011 by David McKee

But first … put this in the ‘Told Ya So’ File. The flim-flam man can now resume his fiduciary duties to Trump Entertainment Resorts and doing what he does best: Making delusional claims about his net worth. Three Vegas casinos … Continue reading →

Posted in Alex Yemenidjian, Atlantic City, CityCenter, Cosmopolitan, Dining, Donald Trump, Economy, Entertainment, Hard Rock Hotel, Marketing, MGM Mirage, Monte Carlo fire, Morgans Hotel Group, Riviera, Sahara, Steve Wynn, The Strip, Tourism, Wall Street | 2 Comments

Kasich’s sneaky “juice job”

Posted on May 13, 2011 by David McKee

This just in (thanks in large part to a timely Tweet from Howard Stutz of the Review-Journal) … One of Ohio Gov. John Kasich‘s costly casino consultants just got caught with its hand in the cookie jar. While Kasich piously … Continue reading →

Posted in Current, Economy, Harrah's, Ohio, Penn National, Politics, Racinos, Regulation | 2 Comments

The doctor will see you now

Posted on May 13, 2011 by David McKee

Although stock blogger Frank Curzio seems to be talking out of one of his lower orifices, his musings are too bizarre not to repeat. He floats the notion that Apple is so flush with cash it might entertain some retail … Continue reading →

Posted in Economy, Harrah's, International, Lawrence Ho, Melco Crown Entertainment, MGM Mirage, Pansy Ho, Regulation, Sheldon Adelson, Stanley Ho, Steve Wynn, Technology, The Strip, Wall Street | Comments Off on The doctor will see you now

Johnny Casino, thug; Truce at the Trop; The T-Word

Posted on May 13, 2011 by David McKee

Although the Mob may have left Las Vegas, its strong-arm tactics are still in use. Respected casino architect Paul Steelman found that out when he wouldn’t give a job to John Ensign‘s borderline-illiterate former chief of staff, Doug Hampton. Drunk … Continue reading →

Posted in Atlantic City, Carl Icahn, Colony Capital, Columbia Sussex, Culinary Union, Current, Dennis Gomes, Donald Trump, Economy, Harrah's, Harry Reid, Kansas, MGM Mirage, Penn National, The Mob, The Strip, Tourism, Tropicana Entertainment, Wall Street | 3 Comments

Riviera goes on nostalgia kick

Posted on May 12, 2011 by David McKee

As the Sahara wheezes towards the grave Sam Nazarian dug for it and the Tropicana Las Vegas goes “South Beach” in a blaze of blinding white, the Riviera is left in sole possession of the “old school” niche on the … Continue reading →

Posted in Alex Yemenidjian, Economy, Encore, Entertainment, Marketing, Riviera, Sahara, The Strip, Tourism | 4 Comments

Goett … Goett … gone

Posted on May 12, 2011 by David McKee

In addition to his core site of 100 acres across from M Resort, would-be Olympia Gaming mogul Gary Goett is also shopping around an additional 260 gaming-enabled acres directly to the north. Goett’s asking price? A cool million an acre, … Continue reading →

Posted in Boyd Gaming, Current, Downtown, Economy, Gary Goett, Herbst Gaming, International, Marketing, Mesquite, Michael Gaughan, North Las Vegas, Penn National, Pinnacle Entertainment, Sheldon Adelson, The Strip | 2 Comments

Kasich screws casinos; Adelson screws the pooch

Posted on May 12, 2011 by David McKee

Our next-to-worst fears for Ohio have come to pass: Caesars Rock Ohio has temporarily pulled the plug on both its Cincinnati (above) and Cleveland casinos. It’s the latest escalation in a war between developers and state government, which wants to … Continue reading →

Posted in Cannery Casino Resorts, Current, Economy, Hard Rock Hotel, International, Kansas, Macau, Marketing, Ohio, Penn National, Politics, Regulation, Sheldon Adelson, Station Casinos, Steve Wynn, Taxes, The Strip, TV, Wall Street | 3 Comments

Has Illinois finally bottomed out? Trop shakeup; Big markdown on Trump

Posted on May 6, 2011 by David McKee

Sorry to disappoint, but we won’t have the answer until June–August, three straight months with the same number of weekend days as last year. By that point we’ll know whether April‘s 2% increase was the beginning of a trend. Last … Continue reading →

Posted in Atlantic City, Boyd Gaming, Carl Icahn, Colony Capital, Columbia Sussex, Current, Donald Trump, Economy, Entertainment, Environment, George Maloof, Harrah's, Illinois, Indiana, Maryland, MGM Mirage, Missouri, Penn National, Phil Ruffin, Steve Wynn, The Strip, Tropicana Entertainment | 3 Comments

The undersea world of Gary Loveman

Posted on May 5, 2011 by David McKee

If you simply must gamble at a Caesars Entertainment casino in Tunica, you’d better bring a boat. Photographer Trey Clark has surveyed the scene and it looks like the damage to Harrah’s Casino Tunica will be especially costly. There go … Continue reading →

Posted in Current, Economy, Environment, Harrah's, Mississippi, Wall Street | 5 Comments

John Kasich, casino killer

Posted on May 3, 2011 by David McKee

Aw, isn’t this great? After Gov. John Kasich (R-OH) made the ludicrous claim that Ohio voters didn’t know what they were getting into when they approved a casino initiative in 2008, his legislative allies are trying to up the ante. … Continue reading →

Posted in Current, Economy, Election, Harrah's, history, Kentucky, Lyle Berman, MGM Mirage, Ohio, Penn National, Politics, Racinos, Regulation, Taxes, The Strip, Tribal, TV, Wall Street | 6 Comments

Steve, Steve, what gives?

Posted on May 3, 2011 by David McKee

Dear Steve Wynn: No this really isn’t about that truly unfortunate (to put it gently) wedding video that Wynn Las Vegas put on YouTube last Monday. Although, as Hunter Hillegas posted on Twitter, “That video kinda freaks me out. Also, … Continue reading →

Posted in CityCenter, Cretins, Donald Trump, Dubai, Economy, Entertainment, history, Internet gambling, Macau, MGM Mirage, Pokergeddon, Politics, Regulation, Steve Wynn, Taxes, Technology, The Strip | 4 Comments