Category Archives: Economy

Quote of the Day

Posted on May 3, 2011 by David McKee

“My strength has always been the economy and that’s what I’m best at.” — Donald Trump, to Las Vegas Review-Journal reporter Laura Myers, whilst riding to half-finished 75% unsold, lawsuit-plagued, $1.2 billion Trump International last week. Hilarity is optional.

Posted in Donald Trump, Economy, The Strip | 2 Comments

Boyd exits Florida; Mixed messages from the Riv; The revenge of Adelson

Posted on May 2, 2011 by David McKee

Regardless of whether or not resort casinos are voted into law in Florida, one company that won’t be in the running is Boyd Gaming. The firm threw in the towel on the Miami market today. The Sunshine State “no longer … Continue reading →

Posted in Boyd Gaming, Colony Capital, Current, Donald Trump, Economy, Entertainment, Florida, Genting, Harrah's, Isle of Capri, M Resort, Macau, Marketing, MGM Mirage, Penn National, Politics, Regulation, Riviera, Sahara, Sheldon Adelson, Singapore, Station Casinos, Steve Wynn, Technology, The Strip, Wall Street | 1 Comment

1 picture = 1,000 words

Posted on May 1, 2011 by David McKee

Thanks to reader eddacat for providing this whimsical sign of the times.

Posted in Current, Economy, Entertainment | 1 Comment

Nazarian totally busted …

Posted on April 29, 2011 by David McKee

… by Chuck Monster, who’s learned that SBE Entertainment‘s deal with MGM Resorts International includes dumping the Club Sahara loyalty program database into the lion’s “low roller walled garden,” Circus Circus Players Club. Which is pretty much what S&G expected … Continue reading →

Posted in Atlantic City, California, Carl Icahn, CityCenter, Columbia Sussex, Current, Dennis Gomes, Economy, Entertainment, Fontainebleau, Harrah's, Lake Tahoe, MGM Mirage, Pennsylvania, Racinos, Sahara, The Strip, Tropicana Entertainment, Wall Street | 6 Comments

Steve Wynn preaches austerity

Posted on April 29, 2011 by David McKee

On the subject of debt, Steve Wynn speaks with some moral authority, having been one of the very few casino moguls who didn’t snort credit like cocaine during the bubble years. However, his professed solicitude for the working man has … Continue reading →

Posted in Donald Trump, Economy, Phil Ruffin, Steve Wynn, The Strip, TV | 1 Comment

Quote of the %#@&ing Day

Posted on April 29, 2011 by David McKee

Last night at Treasure Island … For more F-bombs, check out Fox 5‘s coverage.

Posted in Current, Donald Trump, Economy, Encore, International, Phil Ruffin, The Strip | 7 Comments

Why Trump won’t run

Posted on April 29, 2011 by David McKee

Two words: Mob ties. Yes, Donald “100 Percent Clean” Trump did business — repeatedly — with a man he believed (or, best case, seriously feared) to be the murderer of Jimmy Hoffa. He also employed an individual identified by U.S. … Continue reading →

Posted in Atlantic City, California, Current, Donald Trump, Economy, Florida, history, Isle of Capri, New York, Politics, Regulation, Riviera, Sahara, Sheldon Adelson, The Mob, The Strip, Tribal, Tropicana Entertainment | 2 Comments

The verdict: Céline vs. Gladys; End is nigh for Sahara; Plaza 2.0

Posted on April 28, 2011 by David McKee

As Yr. Humble Blogger opines in this week’s Las Vegas CityLife, Céline Dion may be quite something but Gladys Knight is Something Else. If you’re a paying customer, Knight’s Tropicana Las Vegas show is by far the better value: longer, … Continue reading →

Posted in Alex Yemenidjian, Architecture, Dining, Downtown, Economy, Entertainment, Environment, Harrah's, Mississippi, Politics, Sahara, Tamares Group, The Strip | 2 Comments

Quote of the Day

Posted on April 28, 2011 by David McKee

“When Boyd [Gaming] stopped work on Echelon, everyone thought they were crazy. Now it looks like genius.” — executive from a rival Las Vegas Strip casino operator, overheard at a media event in Town Square recently.

Posted in Boyd Gaming, Current, Economy, The Strip | Comments Off on Quote of the Day

Steve Wynn, victim?

Posted on April 27, 2011 by David McKee

Watch the latest video at video.foxbusiness.com Is the casino mogul the victim of, as he says, “prejudice”? You decide. Dealers and nightclub employees whose tips he’s confiscated may not be passing him the crying towel, however.

Posted in Current, Economy, Election, International, Steve Wynn, The Strip | 4 Comments

Losee Station bites the dust

Posted on April 26, 2011 by David McKee

We’re just past two years to the day when S&G predicted, “Good luck finding any takers” at $39.5 million for the old Castaways site. Even now, at a priced-to-move $8.3 million ($414K/acre), it’s not budging. The site’s threefold curse is, … Continue reading →

Posted in Boulder Strip, Boyd Gaming, Current, Economy, Gary Goett, Station Casinos, Wall Street | 2 Comments

Not priced to move; The end of Southern Highlands

Posted on April 26, 2011 by David McKee

Recently I was asked about the future of the Key Largo Casino, long defunct — a casualty of last decade’s condo craze. The photo above is some handiwork of Colliers International and I’ve borrowed it to illustrate the excellent geographical … Continue reading →

Posted in Boyd Gaming, Cannery Casino Resorts, Columbia Sussex, Current, Economy, Gary Goett, M Resort, Penn National, Regulation, Station Casinos, The Strip, Warner Gaming | 1 Comment

New era at the Riv

Posted on April 25, 2011 by David McKee

It sure looks at lot like the old one, especially with Robert Vannucci still calling the shots over there, according to the grapevine: “Experience action-packed wrestling as Lil Macho Man, Tiny Terminator, Lil Rampage, Nasty Boy, Baby Chucky, Lil Devil … Continue reading →

Posted in Animals, Current, Economy, Entertainment, Marketing, Movies, Pets, Riviera, Sahara, Sports, The Strip, Tourism, TV | 12 Comments

Austerity, MGM style; Only in Nevada

Posted on April 25, 2011 by David McKee

Despite a decidedly underwhelming financial performance in 2009, MGM Resorts International CEO Jim Murren managed to take home $13.75 million in overall compensation. Last year, he had to make ends meet on $9.8 million. Snarkiness aside, this actually shows that … Continue reading →

Posted in Current, Economy, Election, Entertainment, Environment, Harrah's, Internet gambling, MGM Mirage, Midnight Jim Gibbons, North Las Vegas, Politics, Station Casinos, Steve Wynn, The Strip, TV, Wall Street | 1 Comment

Meet $2 Million Mike; The Big Easier

Posted on April 25, 2011 by David McKee

Casino podcasts (MGM Resorts International‘s in particular) have been razzed in the past for a lack of content. No such gripes about Las Vegas Sands‘ latest offering, 10 minutes in the company of COO Michael Leven (who derives his nickname … Continue reading →

Posted in Boyd Gaming, Current, Economy, Florida, Harrah's, International, Isle of Capri, Louisiana, Macau, MGM Mirage, Penn National, Pennsylvania, Pinnacle Entertainment, Sheldon Adelson, Singapore, Technology, The Strip, Tourism, Transportation, Wall Street | 3 Comments

Oaf of Office III

Posted on April 22, 2011 by David McKee

… an occasional series. S&G keeps referring to Donald Trump‘s glass jaw — an obvious liability to his phony/delusional political aspirations. Obligingly, The Donald served up a characteristic hissy fit after Caesars Palace headliner Jerry Seinfeld canceled an appearance at … Continue reading →

Posted in Arizona, Charity, Cretins, Current, Donald Trump, Economy, Election, Harrah's, Marketing, Oscar Goodman, Politics, Reno, Sheldon Adelson, Tourism, Transportation, TV | 3 Comments

Blockbuster month in Pennsylvania; Resurgence in Atlantic City; Douchebag of the Decade

Posted on April 20, 2011 by David McKee

You want good news? We’ve got your good news right here: Casino revenues in Pennsylvania rocketed 24% last month. (35% if you include SugarHouse but that’s an apples-to-oranges metric.) Since, on a same-store basis, slot winnings were just slightly down, … Continue reading →

Posted in Atlantic City, Cannery Casino Resorts, Cretins, Current, Dennis Gomes, Dining, Donald Trump, Economy, Entertainment, Harrah's, Marketing, Neil Bluhm, Penn National, Pennsylvania, Racinos, Regulation, Sheldon Adelson, The Strip, Tribal | 3 Comments

Marriott’s master plan?; Cosmo blows?

Posted on April 20, 2011 by David McKee

Last week, we were discussing United Coin‘s assertion that a Marriott-branded hotel-casino may be erected on the acre formerly occupied by the old Sport of Kings gambling parlor. I recently had a chance to scope out United’s Little Acre and … Continue reading →

Posted in Architecture, Cosmopolitan, Current, Dining, Economy, Entertainment, LVCVA, Sahara, Tourism | 4 Comments

The Flim-Flam Man

Posted on April 20, 2011 by David McKee

If anything salutary emerges from Donald Trump‘s “cynical branding exercise,” it’s that it may finally expose an epic “scam” once and for all. I refer, of course, to the Trump-generated myth that he is a successful casino operator. True, he … Continue reading →

Posted in Atlantic City, California, Charity, Cretins, Current, Donald Trump, Economy, Election, Indiana, Marketing, TV, Wall Street | 6 Comments

At the winner is … Isle of Capri; Big shakedown in Ohio

Posted on April 14, 2011 by David McKee

That ongoing Isle of Capri Casinos Comeback Tour comes to Nemacolin Woodlands Resort, which won Pennsylvania‘s final “resort casino” license earlier today. Situated in the greater Pittsburgh area, the rural getaway is owned by lumber tycoon (and “george” political donor) … Continue reading →

Posted in Economy, Election, Harrah's, Isle of Capri, M Resort, Maryland, Ohio, Penn National, Pennsylvania, Politics, Racinos, Regulation, Taxes, TV, Wall Street, West Virginia | 6 Comments