Category Archives: Harrah's

Fire sale at Caesars; Harvey vs. The Mob

Posted on February 10, 2012 by David McKee

Money problems at Caesars Entertainment are worse than we thought. According to the New York Post, the company is trying to shop as many as 10 Midwestern casinos in order to raise $500 million in development capital. The money would … Continue reading →

Posted in Harrah's, Harry Reid, Illinois, Indiana, International, Iowa, Isle of Capri, Louisiana, Maryland, Mississippi, Missouri, Ohio, Politics, Racinos, Regulation, Reno, The Mob, Tribal, Wall Street | 1 Comment

Quote of the Day

Posted on February 9, 2012 by David McKee

“Is this the type of company people mean when they say government should be run like a business?” — Las Vegas Review-Journal reader “hermit,” on the subject of Caesars Entertainment‘s IPO.

Posted in Economy, Harrah's, Wall Street | Comments Off

From the mailbag: Florida

Posted on February 8, 2012 by David McKee

From the Sunshine State comes this dispatch from one of S&G‘s far-flung network of reader correspondents. This player is obviously quite familiar with the state of gambling in the great State of Florida … Mardi Gras Casino opened with $100 … Continue reading →

Posted in California, Florida, Genting, Harrah's, Isle of Capri, Marketing, Racinos, Regulation, Sheldon Adelson, Steve Wynn, Tribal, Wall Street | 2 Comments

Adelson does damage control; Caesars IPO Part 2: Boom or bust?

Posted on February 8, 2012 by David McKee

It was “unfortunate” for Sheldon Adelson that he wore the uniform of the United States of America, the country that made him rich? Seriously? Not many of us would use our spouses as human shields. But then again, not many … Continue reading →

Posted in Ameristar, Boyd Gaming, Charity, Cordish Co., Don Barden, Economy, Election, Harrah's, history, Illinois, Indiana, International, Macau, Penn National, Pinnacle Entertainment, Racinos, Sheldon Adelson, Steve Wynn, The Strip, Tropicana Entertainment, Wall Street | Comments Off

Bluhm, Boyd win in Illinois, everyone else loses

Posted on February 7, 2012 by David McKee

Well, not quite but the headline pretty much gives you January’s narrative in a nutshell. After backing out the contribution made by Neil Bluhm‘s new, category-killing Rivers Casino in Des Plaines, gambling revenue from the Land of Lincoln was a … Continue reading →

Posted in Atlantic City, Boyd Gaming, Carl Icahn, Columbia Sussex, Culinary Union, Current, Harrah's, Illinois, International, Internet gambling, MGM Mirage, Neil Bluhm, Penn National, Politics, Racinos, Regulation, Slot routes, Tilman Fertitta, Tropicana Entertainment, Wall Street | 1 Comment

Caesars IPO: It’s baaaaaack! Adelson: I’ll take Taiwan

Posted on February 3, 2012 by David McKee

In a pathetically underwhelming announcement, Caesars Entertainment is planning to float an IPO of 1.8 million shares, priced to move at a modest $8-$10 per share. Which means, best-case scenario, that CEO Gary Loveman will raise $18 million, tops, from … Continue reading →

Posted in Boyd Gaming, Current, G2E, Harrah's, International, Macau, Maryland, Massachusetts, Ohio, Penn National, Regulation, Sheldon Adelson, The Strip, Wall Street | 3 Comments

Epic failure in Florida; Epic blowhard in Vegas

Posted on February 3, 2012 by David McKee

Neither the very conspicuous efforts of Genting Berhad and Las Vegas Sands nor the quieter ones of Wynn Resorts and Caesars Entertainment were sufficient to overcome entrenched conservatism in the Florida Legislature. State Rep. Erik Fresen (R) waved the surrender … Continue reading →

Posted in Current, Donald Trump, Economy, Election, Genting, Harrah's, Internet gambling, Isle of Capri, Politics, Racinos, Regulation, Sheldon Adelson, Steve Wynn, The Strip, Tribal | 1 Comment

Dear Floridians …; Mission unfinished; Blue skies

Posted on January 30, 2012 by David McKee

Sarah Palin says, “vote for Newt, annoy a liberal, vote Newt.” I say, “Vote Newt, please, because the concurrent stream of Sheldon Adelson stories is a blogger’s dream come true. Keep that gravy train going!” (Besides, it’s had the side … Continue reading →

Posted in Ameristar, Atlantic City, Current, Election, Environment, Florida, Harrah's, International, Louisiana, Marketing, Massachusetts, Mississippi, New York, Ohio, Penn National, Politics, Problem gambling, Sheldon Adelson, South Carolina, Steve Wynn, TV | 3 Comments

The clueless Adelson; A happy birthday; Big Brother Penn

Posted on January 27, 2012 by David McKee

Yes, it’s yet another exciting episode of The New(t) Adventures of Sheldon Adelson. When, in typically unsubtle (read: crass) fashion, the casino potentate began pouring kegs full of money into the current presidential race, it was bound to set off … Continue reading →

Posted in Columbia Sussex, Current, Election, Environment, Harrah's, M Resort, Macau, Missouri, Ohio, Penn National, Sheldon Adelson, Steve Wynn | 3 Comments

Calamity in Ohio; Adelson under a magnifying glass

Posted on January 27, 2012 by David McKee

Approximately 10 workers suffered injuries yesterday when a partial cave-in occurred during construction of Horseshoe Cincinnati. None of the injuries was life-threatening but one local lawmaker noted that the casino — and others like it — “certainly have been in … Continue reading →

Posted in Current, Election, Harrah's, Ohio, Sheldon Adelson, TV | Tagged Dan Gilbert | Comments Off

Station Casinos: In your face

Posted on January 26, 2012 by David McKee

For a company that bridles at negative press coverage, Station Casinos has a genius for provoking it. Case in point: Its increasingly hysteria-tinged campaign toward the Culinary Union. Up until now, it’s been confined to a series of overwrought, unintentionally … Continue reading →

Posted in Culinary Union, Current, Economy, Environment, Harrah's, Marketing, Station Casinos, TV | 2 Comments

One dynasty meets another

Posted on January 23, 2012 by David McKee

File this under ‘When camp icons collide.’ Yes, that’s Joan Collins, O.B.E. with showgirls from Jubilee! Between the show’s tenure and that of Ms. Collins, those are two careers characterized by unusually long legs — metaphorical and otherwise. Unfortunately, this … Continue reading →

Posted in Cirque du Soleil, CityCenter, Current, Entertainment, Harrah's, MGM Mirage, The Strip | Comments Off

Gilbert’s Dixie deal; Linq begins; Musical chairs at Penn

Posted on January 23, 2012 by David McKee

Dan Gilbert‘s descent upon the Baltimore market, in tandem with Caesars Entertainment, isn’t exactly news but the revelation that it will operate under the Harrah’s imprimatur (relegated to tertiary status by Caesars CEO Gary Loveman) certainly is. Gilbert’s undergraduate career … Continue reading →

Posted in Current, Genting, Harrah's, M Resort, Maryland, Neil Bluhm, New York, Penn National, Pennsylvania, Racinos, Regulation, Sheldon Adelson, South Carolina, The Strip, Tourism, Tribal | Comments Off

Miller Time in Maryland; The sorrows of Marrandino

Posted on January 20, 2012 by David McKee

No question about it, THE gaming-industry story of 2011 was both an economic and political one: How the Great Recession has essentially broken the back of anti-gambling resistance in the corridors of American power. We can see it up and … Continue reading →

Posted in Atlantic City, Boyd Gaming, Cordish Co., Current, Dan Lee, Economy, Entertainment, Harrah's, Louisiana, Maryland, MGM Mirage, Pinnacle Entertainment, Politics, Taxes, Tropicana Entertainment | Comments Off

Illinois: They shoot horses, don’t they?; Friday film festival

Posted on January 20, 2012 by David McKee

Score another round for Illinois Gov. Pat Quinn (D): By threatening a drawn-out negotiation process that would put casino expansion hard up against election season — with lawmakers facing the terra incognita of redrawn districts — he may have forced … Continue reading →

Posted in Economy, Election, Environment, Harrah's, Horseracing, Illinois, Internet gambling, Missouri, Ohio, Penn National, Politics, Racinos, Regulation, Rhode Island, Taxes, Tribal | Comments Off

Aquedud?; Trump, chump

Posted on January 19, 2012 by David McKee

I apologize for feeding you some incorrect info earlier when I erroneously stated that the Philadelphia market lost business (apparently to Atlantic City) last month. Nope, Santa Claus was good to every casino in the Keystone State, although he could … Continue reading →

Posted in Atlantic City, Charity, Current, Donald Trump, Economy, Election, Genting, Harrah's, Jack Binion, Neil Bluhm, New York, Pennsylvania, Sheldon Adelson, Sports, Tribal, TV, Wall Street | Comments Off

Meet Virginia McDowell, Part II: Tales of Trump

Posted on January 18, 2012 by David McKee

In terms of turning around Isle’s financial performance, do you feel the full 180 degrees have been achieved yet? We’ve had a couple off different priorities over the last few years, as far as our strategic initiatives. One was to … Continue reading →

Posted in Atlantic City, Boyd Gaming, Donald Trump, Economy, Election, Harrah's, history, Iowa, Isle of Capri, Kentucky, Marketing, Missouri, Tourism, Wall Street | 3 Comments

Train robbery in D.C.

Posted on January 16, 2012 by David McKee

As the online-gambling gravy train begins leaving in the station, members of Congress are making one last attempt to derail it. After all, once New Jersey, Illinois, California, the District of Columbia and so forth set up shop as havens … Continue reading →

Posted in California, Columbia Sussex, Cordish Co., Current, Harrah's, Harry Reid, Illinois, Indiana, Internet gambling, Politics, Problem gambling, Racinos, Regulation, Taxes, Tropicana Entertainment | Comments Off

Living on Vegas time

Posted on January 13, 2012 by David McKee

By way of Ian Sutton‘s Gaming Floor portal comes news that Les Artistes Steakhouse, late of Paris-Las Vegas, is fermé … toujours. Although the hotel-casino has only been open since September 1999, on Caesars Entertainment‘s in-house blog this constitutes “a … Continue reading →

Posted in Current, Dining, Entertainment, Hard Rock Hotel, Harrah's, history, Sahara, The Strip, Tribal | 5 Comments

Sheldon Adelson, wuss; MGM pounces; Slipper-y logic; Enter whining

Posted on January 12, 2012 by David McKee

What manner of fool spends $5 million to disseminate a film that he’s never seen and whose content he claims not to endorse? Sheldon Adelson, that’s who. After his latest political favorite got clobbered in the New Hampshire primary, Adelson … Continue reading →

Posted in Alex Yemenidjian, Ameristar, Cordish Co., Dan Lee, Donald Trump, Economy, Election, Harrah's, Iowa, Isle of Capri, Jack Binion, Louisiana, Massachusetts, Mississippi, Movies, Neil Bluhm, Penn National, Pennsylvania, Pinnacle Entertainment, Politics, Racinos, Regulation, Sheldon Adelson, Station Casinos, Tourism, Transportation, Tribal, Tropicana Entertainment, TV | Comments Off