Category Archives: Harrah's

Ides of March: Caesars, MGM, Wynn court Wall Street

Posted on March 21, 2012 by David McKee

Evidently J.P. Morgan‘s Gaming, Lodging & Leisure Management Access Forum, being held this week at Wynncore, isn’t sufficiently important to merit the attendance of Big Gaming’s CEOs. If Steve Wynn couldn’t make the stroll from his office to Encore’s meeting … Continue reading →

Posted in Ameristar, Atlantic City, Boyd Gaming, CityCenter, Current, Detroit, Economy, Encore, Entertainment, Harrah's, Illinois, Internet gambling, Macau, Marketing, Maryland, Massachusetts, MGM Mirage, Neil Bluhm, Ohio, Politics, Regulation, Sheldon Adelson, Stanley Ho, Steve Wynn, Technology, The Strip, Tourism, Wall Street, World Series of Poker | 2 Comments

Putting the cart before the racino; Men of eXit

Posted on March 21, 2012 by David McKee

VLTs in Ohio are still being litigated but MTR Gaming is rushing in where major operators fear to tread. It’s already begun conversion of Scioto Downs Casino & Racetrack to a 2,100-machine racino. The nomenclature is a bit premature but … Continue reading →

Posted in Atlantic City, Boyd Gaming, Current, Downtown, Entertainment, Harrah's, Hooters, Isle of Capri, Ohio, Penn National, Racinos, Regulation, Tamares Group, Tropicana Entertainment | Comments Off on Putting the cart before the racino; Men of eXit

Adelson minions visit Encore: Big Gaming courts Wall Street

Posted on March 20, 2012 by David McKee

There will be Ice Capades in Hell before Sheldon Adelson sets foot in Encore, I should expect. However, with J.P. Morgan holding an investor conference at Wynncore, it would be poor form of Las Vegas Sands — currently the darling … Continue reading →

Posted in Ameristar, Atlantic City, Boyd Gaming, Cordish Co., Current, Detroit, Economy, Harrah's, International, Internet gambling, Kansas, Louisiana, M Resort, Macau, Marketing, Maryland, Massachusetts, MGM Mirage, Mississippi, Missouri, Ohio, Penn National, Pennsylvania, Pinnacle Entertainment, Racinos, Regulation, Sheldon Adelson, Singapore, Station Casinos, Steve Wynn, The Strip, Tourism, Wall Street, West Virginia | Comments Off on Adelson minions visit Encore: Big Gaming courts Wall Street

No cannibalization in K.C.!; Nebraska: Phhhhhttt!

Posted on March 19, 2012 by David McKee

February numbers are in for Hollywood Casino at Kansas Speedway and it lifted the entire K.C. market 24%, grossing $15 million in 26 days. Once the Hollywood effect is sifted out of monthly revenues, all other casinos were down only … Continue reading →

Posted in Ameristar, Current, Harrah's, Horseracing, Isle of Capri, Kansas, Missouri, Nebraska, New York, Ohio, Penn National, Pennsylvania, Politics, Racinos, Regulation, Wall Street | Comments Off on No cannibalization in K.C.!; Nebraska: Phhhhhttt!

One born every minute

Posted on March 16, 2012 by David McKee

Wall Street‘s appetite for risk knows no bounds. True, year-end numbers from MGM Resorts International contain cause for confidence, including 8% higher domestic gambling revenue and 10% improved room revenues. However, MGM’s still sitting atop a $13.5 billion powder keg … Continue reading →

Posted in CityCenter, Culinary Union, Current, Dubai, G2E, Harrah's, Macau, Maryland, Massachusetts, MGM Mirage, Politics, Racinos, Taxes, Wall Street | Comments Off on One born every minute

Penn and Pennsylvania; Trop’s big screwup; Louisiana’s big month

Posted on March 16, 2012 by David McKee

A racetrack isn’t something you just pick up and relocate. However, Penn National Gaming has been given the go-ahead by the State of Ohio to “move” its Beulah Park and Raceway Park to, respectively, Youngstown and Dayton. They are presently … Continue reading →

Posted in Atlantic City, Boyd Gaming, Cannery Casino Resorts, Columbia Sussex, Current, Dan Lee, Harrah's, Isle of Capri, Louisiana, Neil Bluhm, Ohio, Penn National, Pennsylvania, Pinnacle Entertainment, Racinos, Regulation, Sheldon Adelson, Tribal, Tropicana Entertainment, Wall Street | 1 Comment

Rio: The big gundown; CityCenter: The big showdown

Posted on March 13, 2012 by David McKee

While Caesars Entertainment struggles to rid itself of dilapidated The Rio, it’s attracted another problem that will diminish its “curb appeal.” A gang-related gun battle erupted in the wee hours of Sunday morning atop The Rio’s parking garage. At least … Continue reading →

Posted in Alabama, Architecture, CityCenter, Current, Harrah's, MGM Mirage, The Mob, The Strip, Tribal | 3 Comments

Putting the best and worst foot forward

Posted on March 13, 2012 by David McKee

After months of confidentiality agreements and other top-hush nonsense, it’s official: Fitzgeralds Casino Hotel in downtown Las Vegas will become the D. Now, I can’t think that — let alone type it — without recalling the Family Guy episode in … Continue reading →

Posted in Alex Yemenidjian, Derek Stevens, Dining, Don Barden, Downtown, Entertainment, Harrah's, Riviera, Sheldon Adelson, Tamares Group, Technology, The Strip, Tourism, TV | 2 Comments

Atlantic City: Low prices and high dudgeon

Posted on March 9, 2012 by David McKee

That shriek of dismay you hear from the direction of Atlantic City is the screech of hotelier Curtis Bashaw (left). What is the cause of his umbrage? The discovery that a hotel room in A.C. can be had for as … Continue reading →

Posted in Atlantic City, Boyd Gaming, Colony Capital, Current, Dennis Gomes, Donald Trump, Economy, Genting, Harrah's, New York, Pennsylvania, Tilman Fertitta, Tourism, Transportation, Tropicana Entertainment | 9 Comments

R.I.P., Dennis Gomes; Casino avalanche in Michigan; Life after UIGEA

Posted on March 8, 2012 by David McKee

There are few real characters in the casino industry anymore. Dennis Gomes (1944-2012) was one of them. His recent death put a premature “full stop” on one of the most colorful and wide-ranging careers gaming has seen. After all, how … Continue reading →

Posted in Atlantic City, Colony Capital, Dennis Gomes, Detroit, Donald Trump, Economy, Election, Harrah's, history, Illinois, International, Internet gambling, Marketing, MGM Mirage, Movies, Ohio, Penn National, Pokergeddon, Politics, Problem gambling, Regulation, The Mob, The Strip, Tribal | Comments Off on R.I.P., Dennis Gomes; Casino avalanche in Michigan; Life after UIGEA

Wynn vs. Okada: Shooting the messenger; Ship of fools

Posted on March 8, 2012 by David McKee

Stung by accusations from Wynn Resorts that erstwhile Shareholder #1 Kazuo Okada had been greasing palms at PAGCOR, prompt action was taken by the Philippines House Committee on Games & Amusements. It promptly banned … Steve Wynn. This comical, “circle … Continue reading →

Posted in Ameristar, Bally Technologies, Carl Icahn, Columbia Sussex, Harrah's, International, Macau, Massachusetts, MGM Mirage, Mississippi, Penn National, Regulation, Singapore, Steve Wynn, Tribal, Tropicana Entertainment, Wall Street | 2 Comments

Vegas gets its groove back; “Zarkana” comes to Aria

Posted on March 7, 2012 by David McKee

In terms of quantity, quality and proximity, the Los Angeles Times is the closest thing Las Vegas has to a major metropolitan daily. (Hell, the Sacramento Bee puts the Las Vegas Review-Journal to shame.) Indeed, the LAT treats Sin City … Continue reading →

Posted in Animals, Architecture, Arizona, Boyd Gaming, California, Cirque du Soleil, CityCenter, Cosmopolitan, Dining, Donald Trump, Downtown, Entertainment, Harrah's, history, Macau, MGM Mirage, Movies, Phil Ruffin, Sheldon Adelson, Steve Wynn, Tamares Group, The Strip, Tourism | Comments Off on Vegas gets its groove back; “Zarkana” comes to Aria

Gaughan expands empire … and sundry other Case Bets

Posted on March 7, 2012 by David McKee

Having already taken charge of the hotel operations of the JW Marriott Las Vegas Resort & Spa (for historical purposes, best known as The Resort at Summerlin) last summer, Michael Gaughan Jr. will now extend his operational control to its … Continue reading →

Posted in Current, Dining, Entertainment, Georgia, Harrah's, International, Macau, MGM Mirage, Michael Gaughan, Ohio, Penn National, Racinos, Regulation, Sheldon Adelson, Singapore, Steve Wynn, Tourism | Comments Off on Gaughan expands empire … and sundry other Case Bets

Adelson to sign “Mormon”? What is “theD”?

Posted on March 7, 2012 by David McKee

Las Vegas‘ new performing arts palace, The Smith Center, has opened coveted the Broadway hit, The Book of Mormon. However, a heavyweight competitor could snatch Mormon from under Smith CEO Myron Martin‘s nose. Rumor has Las Vegas Sands in the … Continue reading →

Posted in Current, Downtown, Entertainment, Harrah's, history, MGM Mirage, Sheldon Adelson, Sports, The Strip | 10 Comments

Wynn vs. Okada: The appraisal; Mob Experience returns … like you cared

Posted on February 22, 2012 by David McKee

Wall Street analysts are weighing in on Wynn Resorts‘ preemptive strike against Kazuo Okada last weekend. Surprisingly, J.P. Morgan‘s Joseph Greff rates it as a positive in re Steve Wynn‘s ambitions for expansion into Japan and says it doesn’t hurt … Continue reading →

Posted in Alex Yemenidjian, Cosmopolitan, Current, Election, Entertainment, Harrah's, International, Macau, Movies, Sheldon Adelson, Steve Wynn, The Mob, The Strip, TV, Wall Street | Comments Off on Wynn vs. Okada: The appraisal; Mob Experience returns … like you cared

Quote of the Day

Posted on February 20, 2012 by David McKee

“It is hard to value Caesars [Entertainment] based on traditional financial measures because it has consistently lost money since its 2008 leveraged buyout by a group led by Apollo Global Management and TPG Capital. It carries $22.5 billion of debt … Continue reading →

Posted in Ameristar, Harrah's, Internet gambling, Pinnacle Entertainment, Wall Street | Comments Off on Quote of the Day

Sands’ new strategy: Blame Genting; Big Gaming backs Romney

Posted on February 15, 2012 by David McKee

First, the good news. Las Vegas Sands is signaling that it is not going to take its ball and come home from Florida, regardless of what lobbyist Nick Iarossi said last week. However, Sands’ emissary to the Sunshine State, Andy … Continue reading →

Posted in Atlantic City, Carl Icahn, Colony Capital, Current, Donald Trump, Downtown, Economy, Election, Florida, Genting, Goldman Sachs, Harrah's, International, Internet gambling, LVCVA, Politics, Sheldon Adelson, Station Casinos, Steve Wynn, Tamares Group, The Strip, Tropicana Entertainment, Wall Street | 1 Comment

Cosmo woe; MGM lurves Ameristar

Posted on February 15, 2012 by David McKee

As new casino boss Thomas McCartney tries to stabilize the sinking ship that is The Cosmopolitan of Las Vegas, he’s tossed overboard some human ballast in the form of casino employees. (Thirty full-time dealers are alleged to have been pink-slipped.) … Continue reading →

Posted in Ameristar, Colorado, Cosmopolitan, Dan Lee, Dining, Election, Harrah's, history, Illinois, Indiana, International, Iowa, Lake Tahoe, Louisiana, Marketing, Massachusetts, MGM Mirage, Missouri, Movies, Ohio, Planet Hollywood, Sheldon Adelson, The Strip | 1 Comment

Crack is whack, Gary; Footing the CityCenter bill

Posted on February 13, 2012 by David McKee

It will be some time before we know what drugs were in Whitney Houston‘s system when she perished last weekend. More to our S&G purpose is the question of what pharmacological experiments Caesars Entertainment executives were conducting  when they entered … Continue reading →

Posted in CityCenter, Current, Entertainment, Harrah's, MGM Mirage, The Strip, Wall Street | Comments Off on Crack is whack, Gary; Footing the CityCenter bill

Idle worship in Vegas

Posted on February 12, 2012 by David McKee

Making a pilgrimage to Lourdes is so 20th century, especially when you can go to Planet Hollywood and worship at the feet of a Jersey Shore cast member. No word on whether last weekend’s manifestation of the inexplicable cultural artifact … Continue reading →

Posted in Entertainment, Harrah's, Planet Hollywood, The Strip, TV | 2 Comments