Category Archives: Harrah's

Ohio: Half-full or half-empty?; MGM lauded

Posted on December 10, 2013 by David McKee

Whether Ohio‘s casinos are succeeding or disappointing depends on how the question is framed. Are they delivering what the state (and casino companies) promised or are they financial slackers? Penn National Gaming‘s Hollywood Casino Columbus is somewhat of both, down … Continue reading →

Posted in Economy, Harrah's, MGM Mirage, MTR Gaming, Ohio, Penn National, Racinos, Taxes | Comments Off on Ohio: Half-full or half-empty?; MGM lauded

Compromise in Boston; Good riddance at Pinnacle?

Posted on December 10, 2013 by David McKee

It would appear that the Massachusetts Gaming Commission has tacitly bowed to ballot language that would require any restructuring of the Suffolk Downs casino deal to be submitted for a re-vote. Fresh off the wires comes news that the MGC … Continue reading →

Posted in Harrah's, Isle of Capri, Massachusetts, Missouri, Mohegan Sun, Penn National, Pinnacle Entertainment, Racinos, Regulation, Tropicana Entertainment | Comments Off on Compromise in Boston; Good riddance at Pinnacle?

MGM: Crossing fingers and hoping; Bloodbath in Indiana

Posted on December 10, 2013 by David McKee

After several ups and downs, MGM Resorts International finds itself justthisclose to a casino in Springfield, Massachusetts. The state’s equivalent of the Nevada Gaming Control Board urged a finding of suitability. Whether the circumspect Massachusetts Gaming Commission agrees hangs upon … Continue reading →

Posted in Affinity Gaming, Atlantic City, Harrah's, Macau, Massachusetts, MGM Mirage, Ohio, Pansy Ho, Penn National, Pinnacle Entertainment, Racinos, Regulation, Technology | Comments Off on MGM: Crossing fingers and hoping; Bloodbath in Indiana

D-Day nears for Massachusetts, Maryland

Posted on December 9, 2013 by David McKee

This just in: MGM Resorts International has been tentatively approved by the investigative branch of the Massachusetts Gaming Commission, pending the satisfaction of certain matters. That moment is drawing nigh at which point the Massachusetts Gaming Commission must rule upon … Continue reading →

Posted in Atlantic City, Colony Capital, Cordish Co., Greenwood Racing, Harrah's, Maryland, Massachusetts, MGM Mirage, Pansy Ho, Penn National, Regulation, Stanley Ho, Steve Wynn, Tribal | 1 Comment

Buyers and potential sellers

Posted on December 9, 2013 by David McKee

Spend a few minutes this morning with Revel Resort CEO Scott Kreeger, even if some of his answers are exquisitely vague. Having been checkmated by voters in Milford, Massachusetts, is no discouragement to Penn National Gaming parent company Gaming & … Continue reading →

Posted in Atlantic City, Hard Rock International, Harrah's, Illinois, Indiana, Iowa, Massachusetts, Ohio, Penn National, Pinnacle Entertainment, Revel | Comments Off on Buyers and potential sellers

Fizz-le

Posted on December 9, 2013 by David McKee

Caesars Palace has no shortage of excellent dining and drinking venues. A recent walk-through drove that point home. So I suppose it’s entitled to have a turkey amidst the cornucopia and Fizz is it. We visited last week and will … Continue reading →

Posted in Current, Entertainment, Harrah's, The Strip | Comments Off on Fizz-le

Adelson’s bogus poll & other fun with numbers

Posted on December 6, 2013 by David McKee

To hear Sheldon Adelson tell it, 70% of Americans share his die-hard opposition to Internet gambling. He even bought a poll from The Tarrance Group to prove its point. Unfortunately for the Sultan of Sands, the monarch has no clothes. … Continue reading →

Posted in Alabama, Atlantic City, Cretins, Economy, Greenwood Racing, Harrah's, Internet gambling, Kentucky, Massachusetts, MGM Mirage, Pennsylvania, Regulation, Sheldon Adelson, Taxes, Technology, Tribal | 1 Comment

Imbalances of power; Vegas to Israel?

Posted on December 6, 2013 by David McKee

It was another bonny month for Maryland, whose casino revenues grew 55% in November, up to $67 million. It’s not an apples/apples comparison, since neither Rocky Gap Casino nor table games were in play a year ago. Tables were responsible … Continue reading →

Posted in Charity, Cordish Co., Economy, Greenwood Racing, Harrah's, Illinois, Macau, Maryland, Melco Crown Entertainment, MGM Mirage, Neil Bluhm, Penn National, Pets, Sheldon Adelson, Stanley Ho, Steve Wynn | Comments Off on Imbalances of power; Vegas to Israel?

Big coup for Lumiere; Where next, Vegas?

Posted on December 6, 2013 by David McKee

And Caesars Entertainment‘s March stop on the World Series of Poker is … Lumiere Place?!?!? Yes, a marquee Caesars attraction is being held on Tropicana Entertainment property. The reason is twofold. One, Horseshoe Cleveland isn’t big enough to handle the … Continue reading →

Posted in Current, Detroit, Harrah's, Marketing, Missouri, Ohio, Penn National, Station Casinos, Technology, Tropicana Entertainment, World Series of Poker | Comments Off on Big coup for Lumiere; Where next, Vegas?

Caesars’ big bazaar; Psychic powers in Massachusetts; When is a profit not a profit?

Posted on December 4, 2013 by David McKee

Linq is shaping up handsomely and its Ferris wheel just had its last gondola added yesterday. So, if we can put Caesars Entertainment‘s debt problems aside for a second, the company is doing very nicely in the capex department, where … Continue reading →

Posted in Delaware, Harrah's, International, Iowa, Isle of Capri, Louisiana, Massachusetts, Racinos, Regulation, The Strip, Wall Street | Comments Off on Caesars’ big bazaar; Psychic powers in Massachusetts; When is a profit not a profit?

Dancing at the Downs; Sheldon Adelson, Luddite

Posted on December 3, 2013 by David McKee

Suffolk Downs isn’t going to have to perform the limbo to bring its casino project into zoning conformity but some fancy footwork will be required. Instead of one structure, there will have to be two. Non-gaming amenities will be clustered … Continue reading →

Posted in Bally Technologies, Current, Harrah's, IGT, Internet gambling, Massachusetts, Mohegan Sun, Regulation, Sam Nazarian, Sheldon Adelson, Technology | Comments Off on Dancing at the Downs; Sheldon Adelson, Luddite

Online gambling a hit in New Jersey; Crackdown in Singapre

Posted on December 3, 2013 by David McKee

Despite some small fits and starts, New Jersey was able to roll out Internet gambling to eager Garden State citizens and with no major issues. Moody’s Investor Service predicted $250 million-$500 million in revenues during the first year, while Gov. … Continue reading →

Posted in Atlantic City, Harrah's, Internet gambling, MGM Mirage, Sheldon Adelson, Singapore, Steve Wynn, Tilman Fertitta | Comments Off on Online gambling a hit in New Jersey; Crackdown in Singapre

Any way out for Caesars?

Posted on November 22, 2013 by David McKee

Woodfield Consulting Group has put a “strong sell” recommendation on Caesars Entertainment stock, deeming it “a poor equity investment choice that offers low expected return to equity investors with high speculative risk.” Noting that Caesars has six years’ and $17 … Continue reading →

Posted in Economy, Harrah's, Japan, Maryland, Ohio, The Strip, Wall Street | 5 Comments

Freeman vs. Adelson; Kentucky tries again

Posted on November 21, 2013 by David McKee

In a particularly stunning departure from American Gaming Association tradition, new prexy Geoff Freeman took a jab at Las Vegas Sands CEO Sheldon “Nuke ‘Em” Adelson in the pages of USA Today. Of course, Freeman didn’t mention Adelson explicitly. But … Continue reading →

Posted in Atlantic City, Columbia Sussex, Harrah's, Internet gambling, Kentucky, Marketing, New York, Penn National, Pennsylvania, Politics, Racinos, Regulation, Sheldon Adelson, Taxes | Comments Off on Freeman vs. Adelson; Kentucky tries again

Unwelcome surprise for Steve Wynn

Posted on November 21, 2013 by David McKee

A bomb just went off under Steve Wynn‘s $1.3 billion casino project in Everett. Multiple felon Charles Lightbody has been bragging upon his supposedly hidden ownership in the land on which Wynn has taken an option. So say confidential sources. … Continue reading →

Posted in Harrah's, Internet gambling, Marketing, Massachusetts, MGM Mirage, Sam Nazarian, Steve Wynn, The Mob, Tourism | 1 Comment

Case Bets: Scientific, Japan, Pennsylvania, Arizona

Posted on November 19, 2013 by David McKee

Happy trails to Scientific Games CEO Lorne Weil, who got the axe this morning. He was immediately replaced by former Revlon CEO David L. Kennedy. Revlon ower Ronald Perelman takes over as CEO. Kennedy isn’t a newcomer to Scientific: He … Continue reading →

Posted in Arizona, Cannery Casino Resorts, Current, Greenwood Racing, Harrah's, Isle of Capri, Japan, Neil Bluhm, Pennsylvania, Scientific Games, Sheldon Adelson, Tribal, Wall Street | Comments Off on Case Bets: Scientific, Japan, Pennsylvania, Arizona

Foxwoods, Suffolk struggling in Massachusetts

Posted on November 14, 2013 by David McKee

Foxwoods Resorts Casino‘s inability to keep its financial house in order has, as predicted, caught up with it in Massachusetts. The tribally owned casino’s debt burden put it in the hot seat before the Massachusetts Gaming Commission. Chairman Stephen Crosby … Continue reading →

Posted in Election, Foxwoods, Genting, Harrah's, Internet gambling, Massachusetts, New York, Racinos, Technology, The Mob, The Strip | 1 Comment

Looking for a few good gamblers; Loveman lauded

Posted on November 14, 2013 by David McKee

If you live in New Jersey, this may be your lucky day. The state is looking for players to try out its i-gaming system ahead of the Nov. 26 launch. A month into real-money play, New Jersey will permit bonus … Continue reading →

Posted in Florida, Harrah's, Internet gambling, Massachusetts, Regulation, Steve Wynn | 1 Comment

Delay in Wisconsin lengthens; Fast action in N.Y.

Posted on November 12, 2013 by David McKee

Wisconsin Gov. Scott Walker (R) continues to make inscrutable, sometimes self-contradictory remarks about the hotly disputed Kenosha-area Hard Rock casino proposed by the Menominee Tribe for Dairyland Greyhound Park. What was a timeline of a week or two has now … Continue reading →

Posted in Architecture, California, Charity, Harrah's, MGM Mirage, New York, Tribal, Wisconsin | Comments Off on Delay in Wisconsin lengthens; Fast action in N.Y.

Misery in Missouri; Massachusetts upended; Ho associate nabbed

Posted on November 12, 2013 by David McKee

Today’s gaming numbers out of Missouri are so depressing I hardly feel like sharing them. Year over year, only two casinos were revenue-positive. One was — no surprise — River City, in St. Louis. The other was — mild surprise … Continue reading →

Posted in Harrah's, International, Isle of Capri, Lawrence Ho, Massachusetts, Missouri, Penn National, Pinnacle Entertainment, Regulation, Taxes, Tribal | 1 Comment