Category Archives: Harrah's

From the mailbag

Posted on July 30, 2010 by David McKee

A mystery illness has debilitated me off and on (more “on” than “off,” sadly) for the past seven days. Fortunately, lively reader debate in the “Comments” threads have kept things ticking over nicely in my absence. Also, I sometimes get … Continue reading →

Posted in Carl Icahn, Colony Capital, Current, Dining, Economy, Fontainebleau, Harrah's, IGT, Laughlin, MGM Mirage, Planet Hollywood, Riviera, Technology, The Strip, Tourism | 4 Comments

Like I’ve been saying …

Posted on July 27, 2010 by David McKee

… strength in hotel rates is a top-down proposition, with such “recovery” as we’re seeing being driven by high-end product. The renewed strength in the business-travel sector also jibes with reports we’ve been getting from Las Vegas Sands and MGM … Continue reading →

Posted in Atlantic City, Economy, Harrah's, MGM Mirage, Sheldon Adelson, The Strip, Wall Street | 1 Comment

Quote of the Day

Posted on July 25, 2010 by David McKee

“Today we are in a disaster because we didn’t do what Kenny Guinn had spent months researching and tried to pass. I remember he’d go into meetings with his clipboard saying ‘We’re going to have huge deficits if we don’t … Continue reading →

Posted in Economy, Harrah's, history, Politics | 1 Comment

Adelson fires Sands China CEO; Kenny Guinn, 1936-2010

Posted on July 23, 2010 by David McKee

It’s getting rather slippery on the tiled floors of Venelazzo and its Macao offshoots, what will the frequent bloodbaths that are becoming a hallmark of Sheldon Adelson‘s reign as creator and CEO of Las Vegas Sands. The victim sent over … Continue reading →

Posted in Current, Economy, Harrah's, history, International, Macau, MGM Mirage, Midnight Jim Gibbons, Monte Carlo fire, Politics, Regulation, Sheldon Adelson, Sports, Station Casinos, Taxes, The Strip, Wall Street | 3 Comments

Quote of the Day

Posted on July 23, 2010 by David McKee

“I think we can say we’re definitely not interested [in Station Casinos] … We’re not really aware The Rio is for sale.” — Penn National Gaming CFO William Clifford during what must have been a very confusing conference call. You … Continue reading →

Posted in Current, Harrah's, Penn National, Station Casinos, Wall Street | 3 Comments

Atlantic City: Christie’s coup d’etat

Posted on July 21, 2010 by David McKee

Last week, I tried to work up a piece entitled, “Atlantic City, R.I.P.” After all, the Boardwalk had just come off a catastrophic June, impacted by table games in Delaware. Since table games were in process of sweeping Pennsylvania, from … Continue reading →

Posted in Atlantic City, Colony Capital, Columbia Sussex, Current, Donald Trump, Economy, Entertainment, Harrah's, history, Horseracing, International, Internet gambling, Macau, Marketing, MGM Mirage, Midnight Jim Gibbons, Penn National, Pennsylvania, Pinnacle Entertainment, Politics, Racinos, Regulation, Stanley Ho, Taxes, The Mob, Tourism | 6 Comments

Louisiana treads (oily) water

Posted on July 20, 2010 by David McKee

It’s a rare day when one can report that a casino market was down year/year but did better than expected. If you were looking for serious Deepwater Horizon spillover into June’s casino numbers, you’d be surprised. Statewide, casinos were -4.5% … Continue reading →

Posted in Ameristar, Boyd Gaming, Current, Dining, Economy, Environment, Harrah's, Harry Reid, Louisiana, M Resort, MGM Mirage, Penn National, Pinnacle Entertainment, Politics, Racinos, Steve Wynn, The Strip, Wall Street | Comments Off on Louisiana treads (oily) water

Recovery? Not in the cards

Posted on July 19, 2010 by David McKee

Month after month of discouraging data from around the country makes it clear that any recovery in the casino industry is a long way off, perhaps years. Heck, just getting back to 2007 levels of prosperity doesn’t take into account … Continue reading →

Posted in CityCenter, Cosmopolitan, Current, Economy, Encore, Entertainment, Harrah's, Massachusetts, MGM Mirage, Morgans Hotel Group, Politics, Problem gambling, Racinos, Regulation, Sheldon Adelson, Steve Wynn, The Strip, Tourism, Tribal | 7 Comments

Next victim: Westin Casuarina?

Posted on July 19, 2010 by David McKee

Here’s a story that seems to have slipped past all of us. On March 31, the Westin Casuarina was placed on “Imminent Default” status by Fitch Ratings. The property was running at 61.5% occupany, with ADRs of $119 and 61.55 … Continue reading →

Posted in Columbia Sussex, Economy, Harrah's, Lake Tahoe, The Strip, Tourism, Tropicana Entertainment, Wall Street | 3 Comments

Your questions, answered

Posted on July 16, 2010 by David McKee

Paul Shanahan writes (in part): I think Fontainebleau would have looked much better if it was around 500 feet high instead of being close to 730 feet. It looks bulky and just kind of bizarre down there at the north … Continue reading →

Posted in Architecture, Atlantic City, Current, Donald Trump, Environment, Fontainebleau, Harrah's, Massachusetts, Michael Gaughan, Mississippi, Ohio, Racinos, Sheldon Adelson, Steve Wynn, The Mob | 5 Comments

Wynn Beantown?; Adelson likes it rough; “Chico Station,” etc.

Posted on July 15, 2010 by David McKee

“Two can play this game.” That’s the message coming from Steve Wynn. Since his former Philadelphia partners are now playing footsie with Harrah’s Entertainment, Wynn is turning his back on the City of Brotherly Love and shifting his gaze to … Continue reading →

Posted in Ameristar, Boyd Gaming, Environment, George Maloof, Harrah's, Horseracing, Macau, Marketing, Massachusetts, Missouri, Pennsylvania, Politics, Racinos, Regulation, Sheldon Adelson, Singapore, Sports, Station Casinos, Steve Wynn, Technology, The Strip, Tribal, TV | Comments Off on Wynn Beantown?; Adelson likes it rough; “Chico Station,” etc.

Margaritaville on the rocks

Posted on July 15, 2010 by David McKee

Long-serving — and long-suffering — Biloxi Mayor A.J. Holloway has lost patience with Harrah’s Entertainment. He is convinced that the metamorphosis of Grand Casino Biloxi into Margaritaville Casino is kaput and that Harrah’s will tear down what little it has … Continue reading →

Posted in Ameristar, Animals, Archon Corp., Atlantic City, Boyd Gaming, Carl Icahn, Charity, Current, Donald Trump, Economy, Encore, Environment, Fontainebleau, George Maloof, Harrah's, Holy Cow, Indiana, International, Louisiana, MGM Mirage, Mississippi, Movies, Pennsylvania, Pets, Phil Ruffin, Planet Hollywood, Plaza, Riviera, Sahara, Sports, Steve Wynn, The Strip, Tourism, TV, Wall Street | 5 Comments

Harrah’s checkmates Philly?

Posted on July 12, 2010 by David McKee

That $67 million note Harrah’s Entertainment holds on the site of the Foxwoods Wynn Resorts [your casino here] site in Philadelphia is turning out to be mighty valuable. The gambling giant is looking to roll that I.O.U. into an equity … Continue reading →

Posted in Current, Don Barden, Donald Trump, Harrah's, Mississippi, Neil Bluhm, Pennsylvania, Politics, Racinos, Regulation, Steve Wynn, Tribal | Comments Off on Harrah’s checkmates Philly?

S&G hither & yon

Posted on July 12, 2010 by David McKee

Last weekend’s usual barrage of errands, veterinary appointments, etc., was interrupted long enough for Yr. Humble Blogger to guest-host another edition of The Strip Podcast. In it, I reveal my shameful ignorance of televised poker (something I literally tuned out … Continue reading →

Posted in Ameristar, Architecture, Cannery Casino Resorts, CityCenter, Cosmopolitan, Dining, Downtown, Economy, Entertainment, Harrah's, Isle of Capri, MGM Mirage, Missouri, North Las Vegas, Pinnacle Entertainment, Regulation, Sheldon Adelson, Sports, Technology, The Strip, Tilman Fertitta, TV, Wall Street, World Series of Poker | 1 Comment

“I’m not dead yet!”

Posted on July 8, 2010 by David McKee

Taking its cue from Monty Python‘s interpretation of the death of Mary, Queen of Scots, management of the Riviera refuses to roll over and die. Its latest enhancement is somewhat out of the box as far as Strip watering holes … Continue reading →

Posted in Boyd Gaming, CityCenter, Colony Capital, Current, Dining, Entertainment, Harrah's, International, MGM Mirage, Phil Ruffin, Riviera, Sahara, Sheldon Adelson, Sports, Steve Wynn, The Strip, Tropicana Entertainment, TV | 4 Comments

Sharron Angle, casino analyst

Posted on July 8, 2010 by David McKee

Reckless rhetoric. Last week, S&G called B.S. on senatorial aspirant Sharron Angle‘s faux solicitude for the unfinished casinos along the Strip. Turns out, if she had her way, there’d be at least one more: Aria, plus all the other components … Continue reading →

Posted in Boyd Gaming, CityCenter, Current, Donald Trump, Dubai, Economy, Election, Fontainebleau, Harrah's, Harry Reid, Marketing, MGM Mirage, Midnight Jim Gibbons, Phil Ruffin, Politics, Problem gambling, Regulation, Sheldon Adelson, Station Casinos, The Strip, Tourism, Transportation, TV | 6 Comments

Around the horn

Posted on July 8, 2010 by David McKee

Iowa‘s casino revenues last month were nearly the textbook definition of “flat”: up a tenth of a percent, the first revenue-positive month since February 2009. (Hey, growth is growth. We’ll take it.) The drag anchor on revs was Harrah’s Entertainment, … Continue reading →

Posted in Ameristar, Boyd Gaming, Carl Icahn, CityCenter, Current, Detroit, Don Barden, Economy, Entertainment, Harrah's, Horseracing, Illinois, Indiana, International, Iowa, Isle of Capri, Macau, MGM Mirage, Mississippi, Missouri, Pansy Ho, Penn National, Pinnacle Entertainment, Racinos, Regulation, Stanley Ho, Tribal, Tropicana Entertainment, TV | 2 Comments

Aqueduct: Penn screws the pooch

Posted on July 7, 2010 by David McKee

Since tout  le monde is fixated upon where LeBron James will play next season (is it OK for me to say I don’t care?), this seems like the moment to observe that Penn National Gaming bricked an easy layup. That’s … Continue reading →

Posted in Atlantic City, Cannery Casino Resorts, Current, Economy, Entertainment, Genting, Harrah's, Horseracing, International, New York, Ohio, Penn National, Pennsylvania, Racinos, Regulation | 1 Comment

Quote of the Day

Posted on July 7, 2010 by David McKee

“I think all of us who have success become assholes for about five years, and if you’re lucky, you can get through your asshole period and go back to being a regular person.” — Paris-Las Vegas headliner Barry Manilow.

Posted in Entertainment, Harrah's, The Strip | 1 Comment

Honey, I forgot the license!

Posted on July 2, 2010 by David McKee

Despite a record of failure, failure and even greater failure, three cronies of Pennsylvania Gov. Ed Rendell still have a chance of holding onto the comatose “Wynnwoods” casino project in Philadelphia. Somehow, Wynnwoods (officially known as Philadelphia Entertainment & Development … Continue reading →

Posted in Economy, Harrah's, Massachusetts, Pennsylvania, Politics, Regulation, Steve Wynn, Tribal, Wall Street | Comments Off on Honey, I forgot the license!