Category Archives: Harrah's

When you’ve sunk this low …; Mazer returns

Posted on August 6, 2013 by David McKee

When skepticism turns to outright ridicule, the writing is often on the wall for such a folie de grandeur as Howard Bulloch‘s SkyVue wheel … or rather the two, totemic poles that are we are ever likely to see of … Continue reading →

Posted in Atlantic City, Current, Downtown, Economy, Harrah's, The Strip | Comments Off

Vegas: Remembrance of revenues past; Making the grade in Massachusetts

Posted on August 1, 2013 by David McKee

“I think we are having a limp-wristed sort of crawl out of a hole, but a recovery is a more robust word,” the one and only Steve Wynn said earlier this week. The numbers bear him out, as tourism continues … Continue reading →

Posted in Cordish Co., Current, Dining, Economy, Entertainment, Foxwoods, Harrah's, Massachusetts, MGM Mirage, Mohegan Sun, Racinos, Regulation, Steve Wynn, The Strip, Tourism | Comments Off

Seller’s market in A.C.?; Adelson’s new opportunity

Posted on August 1, 2013 by David McKee

According to a certain Pinky Kravitz, two new suitors are afoot on the Boardwalk. One of them is Neil Bluhm‘s SugarHouse Casino, which evidently covets the Atlantic Club (a surprisingly downmarket move for Bluhm). It may have to go up … Continue reading →

Posted in Atlantic City, Boyd Gaming, Colony Capital, Current, Donald Trump, Economy, Environment, Foxwoods, Harrah's, International, Internet gambling, Kansas, Maine, Massachusetts, Neil Bluhm, New Hampshire, New York, Pennsylvania, Regulation, Sheldon Adelson, Taxes, Wall Street | Comments Off

Adelson loses (again), as does Simpson; Internet stampede in Jersey

Posted on July 31, 2013 by David McKee

Continuing his recent string of futility in the court system, Sheldon Adelson wore the gold sombrero yesterday, after went 0-for-12 in Clark County District Court. Next stop, the Nevada Supreme Court, which has been friendly to the mogul in the … Continue reading →

Posted in Atlantic City, Boyd Gaming, Cretins, Current, Genting, Harrah's, Internet gambling, Macau, Regulation, Sheldon Adelson, Singapore, Station Casinos | Comments Off

Early reckoning in Macao; Big Gaming’s growing pains

Posted on July 30, 2013 by David McKee

One shouldn’t read too much into anything the Macao government says about casino operators. It likes to keep them guessing — especially U.S. ones. Still, it’s worth noting that Secretary for Economy & Finance Francis Tam Pak Yuen has floated … Continue reading →

Posted in Atlantic City, Delaware, Economy, Genting, Harrah's, Macau, MGM Mirage, New Hampshire, New York, Ohio, Oklahoma, Pennsylvania, Problem gambling, Racinos, Regulation, Sheldon Adelson, Stanley Ho, Tropicana Entertainment | Comments Off

A tale of two cities …

Posted on July 30, 2013 by David McKee

… and both of them are Las Vegas. Last week, Sheldon Adelson pitched a fit about how he thought MGM Resorts International and Caesars Entertainment were driving down his room rates (as though it were the job of Jim Murren … Continue reading →

Posted in Current, Dining, Economy, Harrah's, MGM Mirage, Sheldon Adelson, Steve Wynn, Taxes, The Strip, Tourism, Wall Street | Comments Off

Buyer for Trump Plaza found?

Posted on July 26, 2013 by David McKee

That was my first thought upon seeing that online casino 2UP Gaming, based in London and backed by Asian money men, wants into the Boardwalk. Bravo to that and to the $330 million 2UP says it would invest. It shouldn’t … Continue reading →

Posted in Atlantic City, Carl Icahn, Colony Capital, Current, Donald Trump, Harrah's, International, Internet gambling, Wall Street | 1 Comment

One Angry Man; MGM expansion bodes well

Posted on July 25, 2013 by David McKee

Y’know, if I was reporting a 120% profit increase in 2Q13, I might stop and enjoy the moment. I certainly wouldn’t choose that moment to be a dick. Obviously, I am not Sheldon Adelson. Proffering evidence that his second infancy … Continue reading →

Posted in Current, Economy, Harrah's, International, Macau, Maryland, Massachusetts, MGM Mirage, Penn National, Sheldon Adelson, Steve Wynn, Tourism, Wall Street | 1 Comment

Fertitta moves on Lake Charles; Sexism triumphs at Boyd; Rhythm City blues

Posted on July 25, 2013 by David McKee

Earlier today, Pinnacle Entertainment announced that it had agreed with Golden Nugget to sell Ameristar Casinos‘ unfinished Lake Charles project at cost ($214 million and climbing). As Deutsche Bank analyst Carlo Santarelli noted, “We view this as a firm positive … Continue reading →

Posted in Ameristar, Atlantic City, Boyd Gaming, Current, Harrah's, Iowa, Maryland, Missouri, Ohio, Pinnacle Entertainment, Racinos, Regulation, Texas, Tilman Fertitta, Wall Street | 2 Comments

Men of La Mancha; Delaware: Taxation without benefit

Posted on July 23, 2013 by David McKee

While the attempted boycott of his Venelazzo poker rooms fizzles, Sheldon Adelson continues to look overseas. However, his EuroVegas will be beaten to the punch, or so it appears. Rival project BCN World has the jump on him, at least … Continue reading →

Posted in CityCenter, Current, Delaware, Dining, Entertainment, Hard Rock Hotel, Harrah's, Horseracing, International, James Packer, Lawrence Ho, Melco Crown Entertainment, New York, Racinos, Sheldon Adelson, Taxes, Tribal | 3 Comments

Wynn checkmated in Everett?; Cordish sees Penn, raises ante

Posted on July 22, 2013 by David McKee

As we all would agree, Suffolk Downs doesn’t have the capitalization, the track record or the leadership that Wynn Resorts does. However, Richard Fields and Harvard homeboy Gary Loveman have a big something going for them: juice. I expected their … Continue reading →

Posted in Atlantic City, Cordish Co., Current, Dining, Election, Foxwoods, Genting, Harrah's, Massachusetts, New York, Pennsylvania, Politics, Racinos, Regulation, Revel, Steve Wynn, Taxes, Tribal | 1 Comment

Hail, Caesars; Some roads lead to Foxwoods; Bluhm disappoints

Posted on July 18, 2013 by David McKee

It’s not every day that Caesars Entertainment CEO Gary Loveman has a good idea. But when he does, it’s a real brainwave. Such has proven to be the case with Caesars’ purchase of social-gaming Web firm Playtika. The latter has … Continue reading →

Posted in Hard Rock International, Harrah's, IGT, Illinois, Internet gambling, Macau, Maryland, Massachusetts, MGM Mirage, Neil Bluhm, Pansy Ho, Penn National, Pennsylvania, Politics, Regulation, Stanley Ho, Station Casinos, Taxes, The Mob, Transportation, Tribal | Comments Off

Springfield: MGM wins again; Barton: Congressman or con artist?

Posted on July 17, 2013 by David McKee

As predicted, voter turnout was low but a victory is a victory, and MGM Resorts International went home a winner yesterday. Springfield voters ratified an agreement between MGM and the city, 58% to 42%. Scarcely had the last vote been … Continue reading →

Posted in Atlantic City, Current, Donald Trump, Economy, Environment, Harrah's, Harry Reid, International, Internet gambling, Massachusetts, MGM Mirage, Politics, Racinos, Regulation, Revel, Sheldon Adelson, Steve Wynn, Taxes, Tribal | 1 Comment

Caesars: You only buy twice; To Russia with Ho; Land in (dis)trust

Posted on July 12, 2013 by David McKee

Do you already own stock in Caesars Entertainment? Congratulations. Thanks to the Nevada Gaming Control Board, you will have an opportunity to pay a second time for some of Caesars’ assets. Although it hopes to raise $1.2 billion from the … Continue reading →

Posted in Current, Florida, Harrah's, International, Internet gambling, Lawrence Ho, Macau, Maryland, Ohio, Planet Hollywood, Regulation, Tribal, Wall Street | 2 Comments

Massachusetts: Bluhm, Penn pounce; Galaxy gets bounced

Posted on July 12, 2013 by David McKee

From the You Read It Here First file, yes, it’s indeed true that Neil Bluhm‘s Rush Street Gaming is descending upon the town of Millbury as its next prospective site for a slot parlor. Bluhm surrogate Greg Carlin says the … Continue reading →

Posted in California, Cordish Co., Current, Harrah's, Massachusetts, Neil Bluhm, New Hampshire, Penn National, Racinos, Regulation, Technology, The Strip, Tribal | 1 Comment

Missouri misery; Revel inches upward

Posted on July 10, 2013 by David McKee

Sometimes I feel Gary Loveman‘s pain — and that of Anthony Sanfilippo, Virginia McDowell, Peter Carlino … When they look at the kind of numbers states like Missouri are generating, they must want to shake a fist and say, “Gamble, … Continue reading →

Posted in Ameristar, Atlantic City, Boyd Gaming, Colony Capital, Current, Donald Trump, Economy, Harrah's, Illinois, Isle of Capri, MGM Mirage, Missouri, Ohio, Penn National, Pinnacle Entertainment, Revel, Steve Wynn, Wall Street | 3 Comments

“Peepshow” finally poops out

Posted on July 10, 2013 by David McKee

If you still haven’t seen whatever’s left of Planet Hollywood‘s oft-downsized Peepshow, you’d better hurry: The show is closing September 1. Frankly, I’m impressed that it lasted as long as it did — an impressive four years –considering that customers … Continue reading →

Posted in Arizona, Current, Dining, Entertainment, Harrah's, Movies, Planet Hollywood | Comments Off

Indiana: Half-full or half-empty?; ‘Priscilla’ faints

Posted on July 9, 2013 by David McKee

That’s the operative question after a contrariwise June in Indiana. The state’s casinos saw 17% less foot traffic, but those fewer players were spending more (up 6%). Even so, the Hoosier State’s racinos, casinos and riverboats were down 12% for … Continue reading →

Posted in Architecture, Cordish Co., Current, Dining, Economy, Entertainment, Harrah's, MGM Mirage, Penn National, Pinnacle Entertainment, Racinos, Sheldon Adelson, The Strip, Wall Street | 2 Comments

Revel gets forgiveness; Illinois gets hammered

Posted on July 8, 2013 by David McKee

You’ve heard about the “Gamblers Wanted” marketing campaign at Revel that refunds slot refunds over $100 — if you’re a member of the players’ club. There’s another catch: You don’t get a cash refund but additional free play, doled forth … Continue reading →

Posted in Atlantic City, Current, Donald Trump, Economy, Harrah's, Illinois, Marketing, MGM Mirage, Missouri, Neil Bluhm, Ohio, Penn National, Politics, Revel, Slot routes | 1 Comment

SkyVue kaput?; Wowing them in Massachusetts

Posted on July 3, 2013 by David McKee

That’s the unavoidable conclusion, despite the increasingly comical protestations of local developer Howard Bulloch‘s sidekicks. Caesars Entertainment‘s rival Ferris wheel may be in a terrible location, it may be progressing slowly but — but — it is progressing. SkyVue has … Continue reading →

Posted in Architecture, Current, Economy, Genting, Harrah's, Massachusetts, MGM Mirage, Penn National, Politics, Regulation, Steve Wynn, The Strip, Tourism, Tribal, Wall Street | 2 Comments