Category Archives: Harrah's

Sahara: Devils in the details; Does your mother know?

Posted on May 4, 2012 by David McKee

Barbara De Lollis had better re-cork the champagne. Wall Street Journal coverage of Sam Nazarian‘s much-hyped, $300 million Sahara loan raises grave doubts about the viability of the project, budgeted at $415 million. According to Pulitzer Prize-winning reporter Alexandra Berzon, … Continue reading →

Posted in Boyd Gaming, California, CityCenter, Colony Capital, Cordish Co., Current, Economy, Georgia, Harrah's, Harry Reid, International, Maryland, MGM Mirage, Michael Gaughan, Penn National, Phil Ruffin, Planet Hollywood, Sahara, Sheldon Adelson, Station Casinos, Steve Wynn, Tourism, TV, Wall Street | 2 Comments

A good start …

Posted on May 1, 2012 by David McKee

Now if only they’d kept on going to the right and taken out Imperial Palace while they were at it.

Posted in Current, Harrah's, The Strip | Comments Off

The biggest losers; The Facebook factor

Posted on April 30, 2012 by David McKee

There’s a new power player in gaming and it’s … Brookfield Asset Management? The Canadian lender is already calling the shots (along with Warner Gaming) at the Hard Rock Hotel & Casino, a $1.5 billion quagmire into which Morgans Hotel … Continue reading →

Posted in Boulder Strip, Carl Icahn, CityCenter, Colony Capital, Current, Dubai, Entertainment, Goldman Sachs, Hard Rock Hotel, Harrah's, IGT, International, Internet gambling, Laughlin, Morgans Hotel Group, Pinnacle Entertainment, Steve Wynn, Wall Street, Warner Gaming | 1 Comment

New York State of mind; Atlantic City peace of mind; O’Shea’s, a piece of …

Posted on April 30, 2012 by David McKee

If the question of casino expansion were put to Empire State voters this November, the outcome would probably be adverse. That’s the conclusion of a Benenson Group survey. If the fact that Benenson is President Barack Obama‘s pollster of preference … Continue reading →

Posted in Election, Entertainment, Genting, Harrah's, Internet gambling, MGM Mirage, Midnight Jim Gibbons, New York, Politics, Racinos, Regulation, Sheldon Adelson, Taxes, Technology, The Strip, Tourism | Comments Off

Hindsight is perfect in Maryland; Bluhm’s bust

Posted on April 27, 2012 by David McKee

If you want a vexing test of one’s intellectual consistency, try the Maryland casino industry on for size. It’s not growing fast enough to suit the state Legislature, which is chafing at the constraints imposed upon it — with not … Continue reading →

Posted in Cordish Co., Current, Don Barden, Economy, Harrah's, Maryland, Mississippi, Neil Bluhm, Ohio, Penn National, Pennsylvania, Politics, Racinos, Regulation, Taxes, Wall Street | Comments Off

Polished Nugget, burnished Wynn

Posted on April 27, 2012 by David McKee

In what might be called The Era of Deferred Maintenance, Landry’s Restaurants CEO Tilman Fertitta still believes in spending money to make money. That’s why he poured $150 million into the former Trump Marina and, consequently, the Golden Nugget Atlantic … Continue reading →

Posted in Architecture, Boyd Gaming, Colony Capital, Current, Donald Trump, Economy, Harrah's, Isle of Capri, Macau, Melco Crown Entertainment, Mississippi, Sheldon Adelson, Steve Wynn, The Strip, Tilman Fertitta, Tourism, Wall Street | 4 Comments

Wall Street to Boyd: “Bleah!”; Blood & Gore

Posted on April 25, 2012 by David McKee

It was a thankless day for Boyd Gaming: It exceeded Wall Street‘s expectations for 1Q12 and stock analysts yawned in the company’s face. Wrote Deutsche Bank‘s Carlo Santarelli, “the fundamental setup … remains tough,” due to a highly competitive locals … Continue reading →

Posted in Atlantic City, Boyd Gaming, Current, Dennis Gomes, Downtown, Economy, Goldman Sachs, Harrah's, Louisiana, Mississippi, Pinnacle Entertainment, Racinos, Regulation, Station Casinos, Wall Street | Comments Off

MGM: Riding the crazy train; Rendering unto Caesars

Posted on April 25, 2012 by David McKee

If somebody loaned you a few hundred million, unsecured, you want to come to Las Vegas and lay some big wagers, right? MGM Resorts International has been there, done that. So it’s looking elsewhere to place its bets. And why … Continue reading →

Posted in Ameristar, Atlantic City, CityCenter, Donald Trump, Economy, Florida, Genting, Harrah's, International, M Resort, Massachusetts, MGM Mirage, New York, Penn National, Singapore, Taxes, The Strip, Tourism, Tribal, TV, Wall Street | 3 Comments

Maryland accord totters; Massachusetts cities get testy

Posted on April 23, 2012 by David McKee

Never say “never” but a pet casino project of Maryland Senate President Thomas V. “Mike” Miller Jr. is in critical condition. The sweetheart deal, which would gift-wrap a casino for National Harbor in Miller’s Prince George’s County (in return for … Continue reading →

Posted in Current, Economy, Harrah's, Maryland, Massachusetts, Penn National, Politics, Racinos, Regulation, Reno, Steve Wynn | 1 Comment

Gilbert, Caesars hit Ohio speed bump; Maple Leaf misadventure; Rearranging deck chairs on the WesCas

Posted on April 20, 2012 by David McKee

Rub a dub-dub, three companies in a tub called Rock Ohio Caesars. In emulation of Nevada‘s built-first-license-later system, the Ohio Casino Control Commission is just getting around to mulling the bonafides of Horseshoe Casino Cleveland‘s shareholders. Little-publicized minority partner Lyle … Continue reading →

Posted in Columbia Sussex, Current, Detroit, Harrah's, Horseracing, International, Iowa, Kansas, Lyle Berman, Macau, Massachusetts, MGM Mirage, Ohio, Pennsylvania, Politics, Regulation, Sports, Stanley Ho, The Strip, Wall Street | 2 Comments

Macao: Crossed fingers at Wynn; Confrontation at Melco

Posted on April 19, 2012 by David McKee

According to the Jornal Tribuna de Macau, by the end of the month, Wynn Resorts and the government of Macao “may sign” the long-awaited land tender upon which the fate of $2.7 billion Wynn Cotai rests. It “could be” a … Continue reading →

Posted in Cirque du Soleil, Current, Derek Stevens, Downtown, Entertainment, Harrah's, Hooters, Lawrence Ho, Macau, Melco Crown Entertainment, Regulation, Sheldon Adelson, Steve Wynn, Tamares Group, The Strip, Tourism, Wall Street | 2 Comments

Penn, Vegas to GSA: Thank you!; What price Victorville?

Posted on April 19, 2012 by David McKee

With so many fine hotels to choose from in Las Vegas, it’s no wonder that it took disgraced General Services Administration Regional Commissioner Jeffrey Neely no fewer than eight ‘fact-finding’ missions at a cost of $130,000 (or $16,250 per vacation … Continue reading →

Posted in Ameristar, Cordish Co., Current, Economy, Entertainment, Hard Rock Hotel, Harrah's, Harry Reid, Illinois, International, Isle of Capri, Kansas, Maryland, Missouri, Ohio, Penn National, Pinnacle Entertainment, Politics, Racinos, Technology, The Strip, Tourism, Transportation, TV, Wall Street, Warner Gaming | 1 Comment

The continuing adventures of Sheldon Adelson, Harry Reid and the GSA

Posted on April 14, 2012 by David McKee

First, the good news. Business is off and running at brand-new Sands Cotai Central, whose Himalaya casino (372 tables, 600 slots) opened last Wednesday. In total square footage, it overtakes Venetian Macao for status as the world’s largest casino (30% … Continue reading →

Posted in Atlantic City, Boyd Gaming, California, Current, Economy, Election, Florida, Genting, Harrah's, Harry Reid, history, International, Macau, Massachusetts, New York, Penn National, Pennsylvania, Sheldon Adelson, Sports, Stanley Ho, Technology, The Strip, Tourism, Transportation, TV, Wall Street | 5 Comments

Sheldon Adelson, super villain

Posted on April 13, 2012 by David McKee

“Where’s the white cat,” asked an S&G reader when photos from the grand opening of Sands Cotai Central showed Sheldon Adelson doing a superb impersonation of Ernst Stavro Blofeld, “crumpets” in attendance. You can just imagine him sitting there, brainstorming … Continue reading →

Posted in Current, Election, Harrah's, International, Internet gambling, Macau, Massachusetts, Movies, Pennsylvania, Politics, Regulation, Sheldon Adelson, Singapore, Steve Wynn, The Strip, Tourism | 7 Comments

Illinois: Visit more, spend less; Harrah’s breaks losing streak

Posted on April 9, 2012 by David McKee

Although recent investor presentations by the major casino and game-making companies would leave one feeling pretty sanguine about the economy, “pallid” is the word for the industry’s performance in Illinois last month. Attendance at casinos rose 21% but spending was … Continue reading →

Posted in Ameristar, Boyd Gaming, Economy, Harrah's, Illinois, Iowa, Isle of Capri, Macau, MGM Mirage, Neil Bluhm, Penn National, Sheldon Adelson, Steve Wynn, Taxes, The Strip, Wall Street | Comments Off

Trump Plaza reprieved; Stirrings at Sahara

Posted on April 5, 2012 by David McKee

Good news for Trump Plaza: It’s off the “death watch,” having dramatically reversed its fortunes last year. Although revenues continue to decline, gross operating profit swung from a $2 million loss in 2010 to a nearly $3 million gain last … Continue reading →

Posted in Colony Capital, Current, Dennis Gomes, Donald Trump, Economy, Entertainment, Fontainebleau, Harrah's, Sahara, The Strip, Tilman Fertitta, Tourism, Transportation, Tropicana Entertainment, Wall Street | 4 Comments

The Trop and the truth; Crock of Vegas

Posted on April 5, 2012 by David McKee

Black Hawk Down author Mark Bowden has penned a gripping account of how veteran racetrack executive Don Johnson (no, not that one) cleaned the clocks of the Tropicana Atlantic City, Borgata and Caesars Palace Atlantic City, to the tune of … Continue reading →

Posted in Atlantic City, Boulder Strip, Boyd Gaming, Carl Icahn, Columbia Sussex, Donald Trump, Downtown, Election, Entertainment, Harrah's, Horseracing, Internet gambling, Pennsylvania, Sheldon Adelson, Tropicana Entertainment | 3 Comments

Revel gets a rave review

Posted on April 4, 2012 by David McKee

Deutsche Bank‘s Carlo Santarelli took a jaunt down to Atlantic City to check out Revel, the biggest noise on the Boardwalk in almost a decade. He thought … well, let him tell it: “From the check in reception area, complete … Continue reading →

Posted in Animals, Architecture, Atlantic City, Boyd Gaming, Colony Capital, Cosmopolitan, Cretins, Current, Dennis Gomes, Dining, Donald Trump, Economy, Entertainment, Environment, Genting, Harrah's, Marketing, New York, Tilman Fertitta, Tourism, Tropicana Entertainment, TV, Wall Street | 2 Comments

Saucer crash; Whither Harmon Crossing?

Posted on March 22, 2012 by David McKee

Yesterday afternoon, a heterogenous smattering of Las Vegas media toured the new Area 51 wing of the National Atomic Testing Museum.”Wing” might be a generous term for this cramped, fetid space. The subtitle of the exhibit is Myth or Reality, … Continue reading →

Posted in Alex Yemenidjian, Architecture, CityCenter, Current, Downtown, Entertainment, Harrah's, history, The Strip, Tourism | Comments Off

Investor Week: The slot makers speak; More Ohio expansion

Posted on March 21, 2012 by David McKee

Themes! Themes! Themes! That was the promise made by WMS Industries, which plans to introduce no fewer than 55 of them between now and year’s end. I’d thought we were past the era in which slot manufacturers indiscriminately licensed every … Continue reading →

Posted in Atlantic City, Bally Technologies, Cordish Co., Current, Economy, Election, Entertainment, Harrah's, IGT, Illinois, International, Internet gambling, Macau, Maryland, Ohio, Penn National, Racinos, Regulation, Sheldon Adelson, Shuffle Master, Slot routes, Technology, Wall Street, WMS Industries | 1 Comment