Category Archives: Harrah's

Case Bets: Mohegan Sun, Alabama, Weidner, Dubai & a big bet on MGM Mirage

Posted on January 4, 2010 by David McKee

Could default or bankruptcy be in the offing for Mohegan Sun? The tribal supercasino’s attempts to get out from under an onerous fee arrangement with Sol Kerzner and Len Wolman are not only facing heavy weather, Mohegan Sun is also … Continue reading →

Posted in Alabama, Carl Icahn, Charity, CityCenter, Current, Dubai, Economy, Election, Entertainment, Fontainebleau, Harrah's, MGM Mirage, Pinnacle Entertainment, Politics, Riviera, Sahara, Sheldon Adelson, Station Casinos, Taxes, Technology, The Strip, Tribal, Wall Street | 1 Comment

Mutiny!

Posted on December 31, 2009 by David McKee

One of the dirty little secrets of the “cruise to nowhere” business is that these vessels are crewed with seamen imported from foreign countries. (Americans, despite being citizens of one of the preeminent seafaring nations, apparently aren’t good enough.) So … Continue reading →

Posted in Architecture, Boyd Gaming, CityCenter, Current, Economy, Florida, Harrah's, International, MGM Mirage, Ohio, Penn National, Planet Hollywood, Regulation, Riviera, Sahara, Station Casinos, The Strip | Comments Off on Mutiny!

Case Bets: Casino Jack, Harrah’s, Trump, Recovery?

Posted on December 30, 2009 by David McKee

It’s another sad chapter, in the tattered and disgraceful saga of Sun Cruz Casinos. As you recall, this now-idled cruises-to-nowhere fleet was briefly owned by Jack Abramoff, by dint of a tiny bit of fraud. That’s one of the many … Continue reading →

Posted in Current, Donald Trump, Economy, Florida, Harrah's, Laughlin, MGM Mirage, Neil Bluhm, Pennsylvania, Planet Hollywood, Station Casinos, The Mob, The Strip, Tribal | Comments Off on Case Bets: Casino Jack, Harrah’s, Trump, Recovery?

Good news, bad news

Posted on December 30, 2009 by David McKee

Analysts at J.P. Morgan report that rates for mid-January (1/17-23) are +7% from the same period last year, mostly on the strength of better midweek ADRs. Unfortunately, this increase comes against a prior-year period when rates tumbled 38% … but … Continue reading →

Posted in Current, Economy, Harrah's, Sheldon Adelson, Wall Street | Comments Off on Good news, bad news

‘Tis the season

Posted on December 23, 2009 by David McKee

Kansas Gov. Mark Parkinson cuts the ribbon on Boot Hill Casino. The gentleman at the rear in the red tie is the Kansas Lottery’s Ed Van Petten, taking time out from carrying water for Mike Ensign. Having been on the … Continue reading →

Posted in Alex Yemenidjian, Archon Corp., Boyd Gaming, Cannery Casino Resorts, Carl Icahn, CityCenter, Colony Capital, Columbia Sussex, Don Barden, Donald Trump, Economy, Election, Entertainment, Environment, Fontainebleau, Harrah's, Harry Reid, Internet gambling, Isle of Capri, Jack Binion, James Packer, Kansas, M Resort, Macau, MGM Mirage, Neil Bluhm, Oscar Goodman, Penn National, Pets, Phil Ruffin, Politics, Sheldon Adelson, Stanley Ho, Station Casinos, Steve Wynn, Technology, The Strip, Tourism, Tribal | 8 Comments

Loveman loves him some Macao

Posted on December 22, 2009 by David McKee

By now the saga of Harrah’s Entertainment‘s Macanese golf course is the stuff of legend: a $578 million golden albatross around the company’s neck and a metaphor for the company’s misfortune-prone international strategy. While some of CEO Gary Loveman‘s ventures … Continue reading →

Posted in Atlantic City, Colony Capital, Current, Harrah's, James Packer, Lawrence Ho, Macau, Maryland, Melco Crown Entertainment, MGM Mirage, Planet Hollywood, Politics, Racinos, Regulation, Sheldon Adelson, Stanley Ho, Steve Wynn, Wall Street | 1 Comment

Free $100K @ Harrah’s

Posted on December 21, 2009 by David McKee

Yes, there is such a thing as “free money,” leastways if you’re Mount Hope, N.Y., resident Sheila Baisley. She is no doubt saying stuff like, “Yum-O!” and “Delish!” after she won $100,000 in credit from Harrah’s Entertainment on the Rachael … Continue reading →

Posted in Current, Harrah's, MGM Mirage, Sheldon Adelson, Steve Wynn, The Strip, TV | 3 Comments

Big casino opening today

Posted on December 15, 2009 by David McKee

No, not Aria. That’s tomorrow. Today’s the first day of business for $48 million Boot Hill Casino & Resort, in Dodge City. Avionics firm (!) and relatively novice casino developer Butler National did what brand names Penn National Gaming, MGM … Continue reading →

Posted in Current, Economy, Harrah's, Kansas, MGM Mirage, Penn National, Regulation, Sheldon Adelson, Tribal | Comments Off on Big casino opening today

Pelican State blues

Posted on December 15, 2009 by David McKee

November numbers are in for Louisiana and it’s the Pelican State’s worst gaming month in five quarters. Only the independent Eldorado Shreveport riverboat and Fair Grounds racino near New Orleans reported revenue growth. All major operators took it on the … Continue reading →

Posted in Boyd Gaming, Columbia Sussex, Harrah's, International, Isle of Capri, Louisiana, Maryland, Penn National, Pennsylvania, Pinnacle Entertainment, Politics, Racinos, Regulation | Comments Off on Pelican State blues

Torrents of Greed

Posted on December 14, 2009 by David McKee

A few random musings … MGM Mirage CEO Jim Murren can wax eloquent on the subject of sustainable development but I suspect that any pensées he might have offered Dubai World on the subject would have been pearls before swine. … Continue reading →

Posted in Alex Yemenidjian, CityCenter, Current, Dubai, Economy, Encore, Entertainment, Environment, Harrah's, International, Marketing, MGM Mirage, The Strip, Wall Street | 2 Comments

Rumpus @ The Rio, Vdara & other Case Bets

Posted on December 10, 2009 by David McKee

It’s shaping up to be a news-intensive day — and I have off-site commitments that will keep me away from the keyboard, but let’s see what we can cram in … “The kiss that rocked The Rio”: The steamy scene … Continue reading →

Posted in Charity, CityCenter, Current, Dining, Donald Trump, Economy, Entertainment, G2E, Harrah's, IGT, MGM Mirage, Missouri, Phil Ruffin, Sheldon Adelson, Steve Wynn, Technology, The Strip, Tourism, Tribal, TV | 6 Comments

Wall Street hearts Penn

Posted on December 9, 2009 by David McKee

Table games having been approved for Charles Town Races & Slots by a 60/40 margin, stock analysts are lurving Penn National Gaming … so long as Penn’s infatuation with Fontainebleau turns out to have been a passing malady. While those … Continue reading →

Posted in Current, Election, Fontainebleau, Harrah's, Kansas, Missouri, Ohio, Penn National, Pinnacle Entertainment, Regulation, The Strip, Wall Street | 5 Comments

Blast from the past

Posted on December 8, 2009 by David McKee

In this case, it’s a blast of hot air from the pages of the defunct and dreadful Liberty Watch magazine, whose back numbers still adorn the Web, but whose ink-and-paper incarnation has devolved into a loose smattering of blogs. Let’s … Continue reading →

Posted in Boyd Gaming, Colony Capital, Fontainebleau, Harrah's, Indiana, Macau, MGM Mirage, Michael Gaughan, Sheldon Adelson, Station Casinos, The Strip, Wall Street | 1 Comment

Harrah’s gets away with it

Posted on December 7, 2009 by David McKee

In a move certain to embolden scofflaws all over Clark County, District Attorney David Roger has cut a deal with Harrah’s Entertainment that lets the corporate behemoth slide on a variety of criminal charges in return for paying a $1.2 … Continue reading →

Posted in Alex Yemenidjian, Architecture, Current, Harrah's, Planet Hollywood, Regulation, The Strip | 1 Comment

Crystals: Why?

Posted on December 4, 2009 by David McKee

Spare. That’s the word I’d use to describe Crystals, which opened yesterday. Having been in a self-imposed cone of deafness, I wasn’t exposed to any of the opening-day press. Thus, I came to Crystals last night as a blank slate … Continue reading →

Posted in Boyd Gaming, CityCenter, Current, Dining, Downtown, Harrah's, MGM Mirage, The Strip, TV | 5 Comments

Aria, Vdara discounting already

Posted on December 3, 2009 by David McKee

In its discussions with J.P. Morgan analysts, MGM Mirage has regularly been boasting that Aria’s room rates are running higher (very, very slightly higher) than Bellagio. Being a skeptical fellow by nature, my instinct was that Aria was being propped … Continue reading →

Posted in Alex Yemenidjian, Boulder Strip, Boyd Gaming, Cirque du Soleil, CityCenter, Columbia Sussex, Current, Downtown, Economy, Entertainment, George Maloof, Harrah's, Herbst Gaming, Marketing, MGM Mirage, Sheldon Adelson, Silverton, Station Casinos, Steve Wynn, Tamares Group, The Strip, Tourism | 6 Comments

We *are* Dubai

Posted on December 2, 2009 by David McKee

“If anywhere is emblematic of the debt-fuelled extravagance of the past decade, it is surely [X], which strove to have the tallest, the biggest and the best of everything.” They’ve just got to be talking about Las Vegas, right? No, … Continue reading →

Posted in Alex Yemenidjian, Architecture, Boyd Gaming, Cirque du Soleil, CityCenter, Colony Capital, Columbia Sussex, Cosmopolitan, Current, Dubai, Economy, Entertainment, Harrah's, International, James Packer, MGM Mirage, Morgans Hotel Group, Plaza, Sheldon Adelson, Station Casinos, Steve Wynn, Taxes, The Strip, Tourism, TV, Wall Street | 6 Comments

CityCenter Fever II

Posted on December 1, 2009 by David McKee

For those very few people who may never have heard of CityCenter, the basic exposition is laid out by Steve Friess. The Los Angeles Times goes heavy on the “urbanization” meme, although it strangely assigned its piece to a travel … Continue reading →

Posted in Architecture, CityCenter, Current, Entertainment, Harrah's, MGM Mirage, Steve Wynn, TV | 2 Comments

Chutzpah, thy name is Loveman

Posted on December 1, 2009 by David McKee

Do the bondholders of Harrah’s Entertainment ever get tired of being played for suckers? After being asked to take haircut after haircut — whether in the form of distressed buybacks or deferred repayment — comes a new indignity. While Harrah’s … Continue reading →

Posted in CityCenter, Current, Downtown, Economy, Harrah's, Marketing, MGM Mirage, Mississippi, Planet Hollywood, Regulation, The Strip, Wall Street | 4 Comments

Is Adelson mad? Trump trumped & Kerzner booted

Posted on December 1, 2009 by David McKee

In an interview with Reuters, Sheldon Adelson said Las Vegas Sands might launch operations in India, Thailand and Japan as soon as 2010. Given the ropey financial condition of his company, the fact that Marina Bay Sands will open at … Continue reading →

Posted in Alex Yemenidjian, Atlantic City, Current, Detroit, Donald Trump, Economy, Genting, Harrah's, International, Kansas, Macau, Massachusetts, Neil Bluhm, Penn National, Pennsylvania, Planet Hollywood, Racinos, Regulation, Sheldon Adelson, Singapore, Stanley Ho, Taxes, Tourism, Tribal | 1 Comment