Category Archives: Harrah's

When bad things happen to bad people … plus Cher

Posted on June 2, 2010 by David McKee

Two of the three casinos that say they were stiffed for $822,000 by ex-Boston Celtic Antoine Walker are now owned by Harrah’s Entertainment. The unlucky third is Red Rock Resort. Back “in the olden days” (a Sue Lowden-ism that’s quite … Continue reading →

Posted in Cretins, Economy, Entertainment, Fontainebleau, Harrah's, MGM Mirage, Movies, Planet Hollywood, Regulation, Sports, Station Casinos, Steve Wynn, Taxes, The Strip, Tourism | 3 Comments

Rearranging the deck chairs

Posted on June 2, 2010 by David McKee

Although bankruptcy at the Riviera is more a matter of “when” than “if,” the only casino in town with three CEOs hasn’t stopped trying on the entertainment front: In a town that has Frank Caliendo and Terry Fator, any impressionist … Continue reading →

Posted in Current, Don Barden, Downtown, Entertainment, Harrah's, Movies, Planet Hollywood, Reno, Sheldon Adelson, The Strip | 1 Comment

Case Bets: Station, Macao, Maryland, Missouri, Mississippi, Encore 2x, etc.

Posted on June 1, 2010 by David McKee

$864.5 million: That’s the magic number if you want to put in an opening bid on 11 Station Casinos properties (plus unspecified land and some tribal-casino-management contracts) come Aug. 6. Boyd Gaming‘s already made it clear that it’s good for … Continue reading →

Posted in Ameristar, Bally Technologies, Boulder Strip, Boyd Gaming, Colony Capital, Current, Economy, Encore, Entertainment, Harrah's, Horseracing, International, Isle of Capri, Macau, Maryland, Mississippi, Missouri, Ohio, Pinnacle Entertainment, Racinos, Regulation, Station Casinos, Steve Wynn, Taxes, The Strip, Tourism, Tribal, Wall Street | 1 Comment

Harrah’s, Penn & pols play chess in Ohio

Posted on May 27, 2010 by David McKee

Even as Harrah’s Entertainment was closing its purchase of an Thistledown Race Track, lawmakers were moving to foreclose the prospect of racinos in that state. This doesn’t preclude Buckeye State voters for approving as many as seven racinos this fall, … Continue reading →

Posted in Current, Harrah's, Horseracing, Ohio, Penn National, Politics, Racinos, Regulation, Taxes | Comments Off on Harrah’s, Penn & pols play chess in Ohio

Gary Loveman, pauper

Posted on May 26, 2010 by David McKee

Count Harrah’s Entertainment CEO Gary Loveman among the victims of the Great Recession. His total compensation for 2009 plummeted over 85%. The $1.9 million base pay is old news; the ex-prof also had to settle for a mere $3 million … Continue reading →

Posted in Boyd Gaming, Cosmopolitan, Economy, Election, Harrah's, Horseracing, Ohio, Penn National, Racinos, Technology, The Strip, Wall Street | 3 Comments

Case Bets: Singapore; Reid vs. tribes; Lady Luck, Take 3; Mob war, etc.

Posted on May 26, 2010 by David McKee

Tourism to Singapore jumped 20% last month, surpassing expectations. Resorts World Sentosa and — no surprise — the opening of Marina Bay Sands are credited for the success. Another stumbling block has arisen to the casino market in Massachusetts. A … Continue reading →

Posted in Alex Yemenidjian, Archon Corp., Downtown, Genting, Harrah's, Harry Reid, Massachusetts, Movies, Oklahoma, Politics, Sheldon Adelson, Singapore, Slot routes, Taxes, The Mob, The Strip, Tourism, Transportation, Tribal | 6 Comments

The Movable Buffet returns!

Posted on May 26, 2010 by David McKee

Once listed as one of S&G‘s “Seven Essential Web Sites,” Richard Abowitz‘s blog was briefly — and misguidedly — terminated by the Los Angeles Times. Thankfully, the LAT has had a change of heart. Abowitz returns with a profile of … Continue reading →

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

Shel & Bill, together again; Coup for HRH

Posted on May 25, 2010 by David McKee

As though yoked by karma, Las Vegas Sands CEO Sheldon Adelson and former sidekick William Weidner — the Jon & Kate Gosselin of the casino industry — seem destined to remain unwillingly chained together through eternity. Most recently, they’ve been … Continue reading →

Posted in CityCenter, Current, Downtown, Economy, Genting, Harrah's, Herbst Gaming, M Resort, Macau, Marketing, Massachusetts, Morgans Hotel Group, Pennsylvania, Politics, Racinos, Regulation, Sheldon Adelson, Stanley Ho, Texas, Tilman Fertitta, Tourism, Tribal, Wall Street | Comments Off on Shel & Bill, together again; Coup for HRH

The Ribis Factor

Posted on May 21, 2010 by David McKee

Today’s a hectic one: four bylines due and not much time for S&G. However, I am the beneficiary of some number-crunching conducted by a reader, who’s been following the decline and fall of Colony Capital‘s two Atlantic City casinos under … Continue reading →

Posted in Atlantic City, Colony Capital, Current, Donald Trump, Economy, Entertainment, George Maloof, Harrah's, Marketing, Mississippi, Planet Hollywood, Politics, Racinos, Taxes, The Strip, Wall Street | Comments Off on The Ribis Factor

Hey, Gary Loveman …

Posted on May 20, 2010 by David McKee

… would it effing kill ya to send CFO Jonathan Halkyard down to Home Depot and pick up some Sherwin-Williams to slap on the old Paris-Las Vegas balloon? (If you think she looks bad from this angle, you should see … Continue reading →

Posted in Current, Dining, Harrah's, MGM Mirage, Steve Wynn, The Strip | 7 Comments

Good grief!

Posted on May 20, 2010 by David McKee

Some day, in the not-so-distant future, MILF-y Archon Corp. underboss Sue Lowden may make a distinguished addition to the U.S. Senate. As the secretary-treasurer of a casino company (one that aspires to build a sports arena on the Strip), she’s … Continue reading →

Posted in Archon Corp., Election, Harrah's, Politics, Sports, The Strip, Transportation | 4 Comments

News flash: And then there were three

Posted on May 19, 2010 by David McKee

If you’re headed through Mesquite, take a good look at the former Si Redd’s Oasis, which Black Gaming CEO Randy Black wants to demolish — in a metaphorical demonstration of what he’s done to that market (another beneficiary of the … Continue reading →

Posted in Current, Economy, Harrah's, Mesquite, Michael Gaughan, Regulation | 1 Comment

Paging Gary Loveman …

Posted on May 19, 2010 by David McKee

When it comes to bankruptcy, the Fertitta Brothers are pikers compared to magician Steve Wyrick, whose eponymous “entertainment complex” went “Poof!” last Dec. 10. At the time, Wyrick harangued LVA for announcing the closure, saying his return was imminent. We’re … Continue reading →

Posted in Archon Corp., Current, Election, Entertainment, Harrah's, Macau, Maryland, MGM Mirage, Pennsylvania, Planet Hollywood, Regulation, Station Casinos, Steve Wynn, The Mob, The Strip, Wall Street | Comments Off on Paging Gary Loveman …

“The American consumer is toast”

Posted on May 14, 2010 by David McKee

If you think MGM Mirage CEO Jim Murren sounds apocalyptic when he forecasts no major development on the Las Vegas Strip until circa 2020 (heck, Carl Icahn may keep Fontainebleau on ice until 2015) then get a load of this … Continue reading →

Posted in Atlantic City, Carl Icahn, CityCenter, Columbia Sussex, Current, Economy, Fontainebleau, Genting, Harrah's, Herbst Gaming, Mesquite, MGM Mirage, Neil Bluhm, Pennsylvania, Racinos, Regulation, Sheldon Adelson, Singapore, Technology, The Strip, Tribal, Tropicana Entertainment | 3 Comments

Mixed signals along the rivers

Posted on May 11, 2010 by David McKee

Last month’s results from Missouri are as might be expected. The opening of Pinnacle Entertainment‘s River City lifted state revenues overall (6%) but at the price of a fair amount of cannibalization — mainly at other Pinnacle properties, although it … Continue reading →

Posted in Ameristar, Boyd Gaming, Columbia Sussex, Cordish Co., Detroit, Economy, Harrah's, Illinois, Indiana, Missouri, Penn National, Pinnacle Entertainment, Tribal, Tropicana Entertainment, Wall Street | Comments Off on Mixed signals along the rivers

While Atlantic City burns …

Posted on May 7, 2010 by David McKee

While Atlantic City burns, Gov. Chris Christie fiddles. After coming into office saying the right things about helping the state’s casino industry, Christie has spent most of first months in office dithering uselessly. Having waited until A) the Revel project … Continue reading →

Posted in Alabama, Atlantic City, CityCenter, Colony Capital, Current, Dining, Donald Trump, Economy, Election, Environment, Harrah's, Louisiana, MGM Mirage, Mississippi, Pennsylvania, Planet Hollywood, Politics, Regulation, Steve Wynn, The Strip, Tourism, Tribal, Wall Street | 4 Comments

Illinois’ results are good, Sands’ are better

Posted on May 7, 2010 by David McKee

Praise be! Casino revenues in Illinois were actually flat (+0.5%) last month. It’s mainly a consequence of Penn National‘s Empress Joliet being back in the fray, raking in $40 million. (You’ll recall that, a year ago, its pavilion was but … Continue reading →

Posted in Current, Economy, Harrah's, Macau, MGM Mirage, Missouri, Penn National, Pennsylvania, Pinnacle Entertainment, Regulation, Sheldon Adelson, Singapore, The Strip | Comments Off on Illinois’ results are good, Sands’ are better

Blasts from the past

Posted on May 6, 2010 by David McKee

Steve Wynn‘s been taking himself a mite too seriously of late, which makes me wonder whatever happened to this guy? At least the “hair helmet” look is a thing of the past. Sadly, so too is the Golden Nugget Atlantic … Continue reading →

Posted in Atlantic City, Colony Capital, Harrah's, James Packer, Marketing, Phil Ruffin, Steve Wynn, The Strip, TV | Comments Off on Blasts from the past

BoB still $29.99 … sorta

Posted on May 4, 2010 by David McKee

If you’re heading north out of McCarran International Airport on Swenson, be sure and have your digital cameras or cell phones at the ready. There, big as life, is a Harrah’s Entertainment billboard for the “Buffet of Buffets” (spotted at … Continue reading →

Posted in Dining, Economy, Entertainment, Harrah's, Station Casinos, The Strip | 1 Comment

Sheldon’s smokin’ (something)

Posted on April 30, 2010 by David McKee

If any other gaming CEO than Sheldon Adelson opened the most expensive casino ever ($5.5 billion) and projected it would recoup its tab in five years — requiring a return on investment well above 20% when you take operating costs … Continue reading →

Posted in Atlantic City, Colony Capital, Entertainment, Fontainebleau, Harrah's, International, Macau, Marketing, Penn National, Pennsylvania, Planet Hollywood, Sheldon Adelson, Singapore, Station Casinos, Wall Street, World Series of Poker | 2 Comments