Category Archives: Economy

The whales of August

Posted on October 8, 2010 by David McKee

Nevada had another big casino bounce — $944.5 million, its largest since February’s $947 million. However, some of the positive auguries are real and some are misleading. To get the big one out of the way, Strip slot revenues were … Continue reading →

Posted in Boulder Strip, Current, Economy, Harrah's, Kansas, Lake Tahoe, Laughlin, Louisiana, North Las Vegas, Regulation, Reno, The Strip, Tourism, Vdara Death Ray, Wall Street | 2 Comments

The Primm mystery deepens

Posted on October 7, 2010 by David McKee

So is Herbst family hubris about to claim one or more victims in Primm? LVA sources report that perhaps 240 cars were there on a recent weekend, a sixth of them at Whiskey Pete’s, which wasn’t taking room bookings either … Continue reading →

Posted in California, Current, Economy, Entertainment, Herbst Gaming | 3 Comments

Lost horizon

Posted on October 6, 2010 by David McKee

Even as the window of opportunity is slamming shut, “Casino companies are finally starting to see [Internet gambling] as a possible growth engine for the industry and are hoping for congressional help,” writes Motley Fool columnist Travis Hoium. That’d be … Continue reading →

Posted in Current, Economy, Election, Harrah's, Harry Reid, Internet gambling, Macau, Politics, Sheldon Adelson, Technology, The Strip | 3 Comments

Ameristar’s altruism … and so much more

Posted on October 6, 2010 by David McKee

Gaming regulators in Missouri got a little unsolicited advice from Ameristar Casinos as to where to put Casino License #13. Ameristar Vice President of Government Relations & Public Affairs Troy Stremming commissioned a study on the matter. Its shocking conclusion: … Continue reading →

Posted in Ameristar, Arizona, Atlantic City, Boyd Gaming, California, Colony Capital, Cretins, Current, Dennis Gomes, Economy, Genting, Harrah's, Horseracing, Isle of Capri, Louisiana, Macau, Marketing, MGM Mirage, Missouri, New York, Penn National, Pinnacle Entertainment, Politics, Racinos, Regulation, Sheldon Adelson, Station Casinos, Steve Wynn, Tourism, Tribal, TV, West Virginia | 5 Comments

Case Bets: Maryland, New Jersey, Arizona & the Riv

Posted on October 6, 2010 by David McKee

Although the Maryland public has warmed up to the idea of table games, casinos in Pennsylvania, West Virginia, Delaware and New Jersey needn’t lose sleep: Marylanders are at least two years — probably four — from voting table games into … Continue reading →

Posted in Arizona, Atlantic City, Boyd Gaming, Current, Economy, Election, Horseracing, Marketing, Maryland, MGM Mirage, Politics, Riviera, Taxes, The Strip, Tourism, Tribal | 2 Comments

What’s up in Primm?

Posted on October 6, 2010 by David McKee

Earlier this week, LVA received a tip that Herbst Gaming would be tearing down Whiskey Pete’s in January and closing Buffalo Bill’s as well. After receiving a somewhat guarded reply from Kirvin Doak, which is handling PR for the creditor-owned … Continue reading →

Posted in Economy, Herbst Gaming, Marketing | 1 Comment

Days of Reckoning

Posted on October 5, 2010 by David McKee

Pinballing between projects, I’ll try to carom off the “blogging” bumper for a moment here … 1,075. That’s the magic number of feet below which Lake Mead cannot drop lest Hoover Dam should become inoperable — plunging Clark County into … Continue reading →

Posted in Boyd Gaming, Current, Downtown, Economy, Environment, Harrah's, history, MGM Mirage, The Strip, Tilman Fertitta, Tourism | 5 Comments

My lucky day

Posted on September 30, 2010 by David McKee

No, not at the slots. Thanks to Dr. David G. Schwartz of UNLV’s Institute for Gaming Research, a man who clearly reads the fine print, I’ve just found out that I won two Nevada Press Association awards. (You have to … Continue reading →

Posted in Current, Economy, Station Casinos, Steve Wynn | 6 Comments

Musical chairs at Trump (again)

Posted on September 29, 2010 by David McKee

High-ranking executive jobs at Trump Entertainment Resorts aren’t for “lifers.” Having steered Trump through yet another bankruptcy, CEO Mark Juliano is exiting stage right, “leaving to pursue other opportunities” — the latest executive to be purged. Nobody stays long atop … Continue reading →

Posted in Alabama, Atlantic City, Cordish Co., Current, Donald Trump, Economy, Election, Harrah's, International, Isle of Capri, Kansas, Marketing, Maryland, Penn National, Pennsylvania, Racinos, Regulation, Tourism, Transportation, Tribal | 2 Comments

Inside Icahn’s F-bleau rummage sale

Posted on September 29, 2010 by David McKee

Hmmmm … I hear tell Pinnacle Entertainment just upped the budget* on its Baton Rouge casino. Maybe it can amortize that increase by bargain-shopping at Uncle Carl’s Honkin’ Big Hotel Furniture Emporium (aka “Hot Carl’s Fabulous Fontainebleau Garage Sale”) right-cheer … Continue reading →

Posted in Carl Icahn, Economy, Harrah's, Penn National, The Strip, Tropicana Entertainment, TV | 2 Comments

F-bleau on ice

Posted on September 28, 2010 by David McKee

Back in June, when I toured the “new look” Tropicana Las Vegas, it was intimated that much of the convention-area furniture and the HDTV sets in the Paradise Tower had been obtained on the cheap from Fontainebleau, when the latter … Continue reading →

Posted in Alex Yemenidjian, Carl Icahn, CityCenter, Cosmopolitan, Current, Economy, Penn National, The Strip, Tourism | 3 Comments

Jump le sharque: Cirque bombs in Macao

Posted on September 28, 2010 by David McKee

After sinking a reported $150 million into Cirque du Soleil‘s Zaia, Las Vegas Sands may find itself in possession of a very expensive “loss leader.” According to The Australian, “attendances [sic] have been poor and tickets have been heavily discounted.” … Continue reading →

Posted in Atlantic City, Cirque du Soleil, Current, Detroit, Economy, Entertainment, International, James Packer, Lawrence Ho, Louisiana, Macau, Marketing, Melco Crown Entertainment, MGM Mirage, Mississippi, Pennsylvania, Sheldon Adelson, Steve Wynn, Tourism, Wall Street | Comments Off on Jump le sharque: Cirque bombs in Macao

Quote of the Day

Posted on September 27, 2010 by David McKee

“Apparently, even the Invisible Hand [of the marketplace] doesn’t want to pick beans.” — Stephen Colbert, on the dynamics that cause our reliance upon migrant labor. His virtuoso performance illustrates how satire can elucidate complex issues better than any amount … Continue reading →

Posted in Current, Economy, TV | 1 Comment

Barrack 1, Bankers 0; Criminal stupidity

Posted on September 24, 2010 by David McKee

A skirmish over the fate of the Atlantic City Hilton ended in victory for Colony Capital. A Superior Court judge decided there were too many unresolved issues in the dissolution of Colony’s East Coast casino portfolio to warrant taking the … Continue reading →

Posted in Atlantic City, Boyd Gaming, California, Colony Capital, Columbia Sussex, Current, Economy, Harrah's, Horseracing, International, Lake Tahoe, Marketing, Massachusetts, MGM Mirage, Mississippi, Neil Bluhm, Pennsylvania, Politics, Racinos, Regulation, Sports, Station Casinos, The Strip, Tilman Fertitta, Tourism, Tribal, Wall Street | 1 Comment

Live, naked girls

Posted on September 23, 2010 by David McKee

Every few days brings a story pitch from some long-suffering PR professional. Today’s mail finds this plea on behalf of IAM Corp.: Since the beginning of online gaming, every other market has flocked to Live Dealer Casinos, but the US … Continue reading →

Posted in Alex Yemenidjian, Atlantic City, Current, Downtown, Dubai, Economy, Election, Genting, Harrah's, International, Internet gambling, James Packer, Marketing, New York, Plaza, Politics, Tamares Group, The Strip | 2 Comments

Fertitta to rescue A.C. Hilton?

Posted on September 22, 2010 by David McKee

Tilman Fertitta, that is. The Landry’s Restaurants CEO has sussed out a bargain on the Boardwalk, in the form of the unprofitable Atlantic City Hilton. No doubt Fertitta’s interest has not a little something to do with the fact that … Continue reading →

Posted in Alex Yemenidjian, Atlantic City, Carl Icahn, Colony Capital, Current, Dining, Downtown, Economy, Election, Harrah's, Laughlin, Macau, MGM Mirage, Racinos, Regulation, Sheldon Adelson, Steve Wynn, Tamares Group, Tilman Fertitta, Tribal, Tropicana Entertainment | 7 Comments

Leaving Liberace

Posted on September 21, 2010 by David McKee

This is a cruel year for Nevada. Vision-care and dental programs for the elderly are being cut back, funding for treatment of problem gambling is in short supply, entire degree programs (you read that right) at UNLV are being eliminated … Continue reading →

Posted in Current, Economy, Entertainment, history, TV | 2 Comments

Tamares’ Memorial Day Massacre

Posted on September 13, 2010 by David McKee

Four hundred Las Vegans will find themselves pink-slipped by Tamares Group, whose latest bequest to downtown will be an Armistice Day closure of most of the Plaza, its showroom and certain portions of the casino floor excepted. If the tenure … Continue reading →

Posted in Alex Yemenidjian, Current, Dining, Downtown, Economy, Tamares Group, Tilman Fertitta | 5 Comments

Would you buy a used casino from this man?

Posted on September 10, 2010 by David McKee

Donald Trump has even more reason to scowl and squint today. His old buddy Richard Fields — to my complete non-surprise — walked away from his interminably protracted attempt to buy Trump Marina at ever-lower prices. (He’s got a point: … Continue reading →

Posted in Atlantic City, Boyd Gaming, Current, Dennis Gomes, Donald Trump, Economy, Harrah's, MGM Mirage | 1 Comment

Off to the races

Posted on September 10, 2010 by David McKee

Several gubernatorial jousts have serious implications for casino expansion in this great U.S. of A. In Ohio, Gov. Ted Strickland (D and once tipped as a possible vice-president) is trailing former Rep. John Kasich (R), based on poll results aggregated … Continue reading →

Posted in Alabama, Atlantic City, Economy, Election, Harrah's, Iowa, Maryland, Massachusetts, Minnesota, Ohio, Penn National, Politics, Racinos, Regulation, Texas, Tribal | 1 Comment