Category Archives: Harry Reid

Low-rolling at Aria; MGM ups China ante; That doggone Desert Xpress

Posted on April 14, 2011 by David McKee

A SoCal-based player kindly shared this image from the latest Aria/M life offer: My friend ran an experienced eye over the chips on the rail and concluded that it “must be the lowest-minimum craps table Aria has ever seen,” as … Continue reading →

Posted in Atlantic City, California, Cantor Gaming, CityCenter, Current, Harry Reid, Lawrence Ho, Macau, Marketing, Melco Crown Entertainment, MGM Mirage, Movies, Pansy Ho, Problem gambling, Regulation, Stanley Ho, Technology, The Strip, Transportation, Wall Street | Comments Off on Low-rolling at Aria; MGM ups China ante; That doggone Desert Xpress

Why is this man smiling? (And other Case Bets)

Posted on April 11, 2011 by David McKee

Because Sen. Harry Reid‘s decision not to importune lenders on behalf of Fontainebleau (unlike CityCenter) means he steered clear of a widening circle of litigation and recrimination, that’s why. Among those in the hot seat are hapless James Packer and … Continue reading →

Posted in Atlantic City, Boyd Gaming, Carl Icahn, Colony Capital, Current, Dennis Gomes, Donald Trump, Economy, Fontainebleau, Harrah's, Harry Reid, James Packer, Regulation, Sports, Tourism, Tropicana Entertainment | 6 Comments

Caesars steals Riv’s thunder; Trouble in Adelsonia

Posted on March 24, 2011 by David McKee

Obviously, the headline from today will be approval by the Nevada Gaming Commission of a partnership between Caesars Entertainment and Israeli-owned, Gibraltar-based 888 Holdings. Since it is simultaneously getting permission to shack up with Internet casino operator 888 and opposing … Continue reading →

Posted in California, Downtown, Election, Florida, Harry Reid, Hawaii, International, Internet gambling, Iowa, Macau, Marketing, MGM Mirage, Midnight Jim Gibbons, Oscar Goodman, Politics, Regulation, Riviera, Sheldon Adelson, Sports, Tamares Group, Wall Street | Comments Off on Caesars steals Riv’s thunder; Trouble in Adelsonia

Trains to nowhere?

Posted on March 14, 2011 by David McKee

Spurning of federal high-speed-rail money by governors like Rick Scott (R-FL), John Kasich (R-OH) and Scott Walker (R-WI) might mean some of the multibillion-dollar largesse would be rechanneled toward Sig Rogich‘s and Sen. Harry Reid‘s Desert Xpress, bound for Victorville, … Continue reading →

Posted in California, Florida, Harry Reid, Ohio, Transportation | 1 Comment

Hooters in default; Rio robbed; Morgans out, Warner in?

Posted on February 24, 2011 by David McKee

From the “Could mean something, could mean nothing” File comes a Notice of Default, filed by the Bank of New York against Hooters Casino Hotel. The lenders are calling in a $130 million note on the 332-room hotel (arguably making … Continue reading →

Posted in Current, Detroit, Downtown, Economy, Entertainment, Harrah's, Harry Reid, Massachusetts, Morgans Hotel Group, Station Casinos, Tamares Group, Technology, The Strip, Tribal, TV, Wall Street | 2 Comments

Gary Loveman, not so visionary

Posted on February 18, 2011 by David McKee

Here’s a hypothesis for why the lenders holding the note on Colony Capital‘s underwater (more like submerged in Davey Jones’ Locker), market-lagging Atlantic City Hilton believe they can get as much as $75 million for the old place. If state … Continue reading →

Posted in Alabama, Atlantic City, Colony Capital, Harrah's, Harry Reid, Internet gambling, Politics, Regulation, Sheldon Adelson, Technology | 7 Comments

Kyl: He’s outta there

Posted on February 10, 2011 by David McKee

Gaming executives may not be popping champagne corks at the news that Sen. Jon Kyl (R-AZ) is joining a mass exodus of incumbents prior to the 2012 election. However, they’re undoubtedly happy to be rid of a longtime thorn in … Continue reading →

Posted in Current, Harry Reid, Internet gambling, Politics | 1 Comment

Quote of the Day

Posted on January 25, 2011 by David McKee

“Lack of interest leads to not taking gambling seriously. Even a smart politician like Barack Obama can make the mistake of telling people not to waste their money going to Las Vegas — twice. Obama knows that Nevada is a … Continue reading →

Posted in Harry Reid, Politics | Comments Off on Quote of the Day

Happy New Year?

Posted on December 30, 2010 by David McKee

Since Las Vegas is looking at a 3.5% increase in visitation from New Year’s Eve 2009 and 98% occupancy, the answer is “Yes.” Thank God, because it hopefully means that an equivocal recovery on the Strip is finally gaining traction, … Continue reading →

Posted in California, Charity, CityCenter, Current, Economy, Harrah's, Harry Reid, Internet gambling, Lake Tahoe, Sheldon Adelson, Station Casinos, Tribal, Wall Street | 5 Comments

Cosmo: The curious case of “the curious class”

Posted on December 9, 2010 by David McKee

It seems like David G. Schwartz is everywhere today. Las Vegas’ resident casino expert has not one but two stories out on The Cosmopolitan. From what he writes, Cosmo execs have convinced themselves they’ve reinvented the casino. It hinges upon … Continue reading →

Posted in CityCenter, Cosmopolitan, Current, Donald Trump, G2E, Harry Reid, International, Internet gambling, MGM Mirage, Midnight Jim Gibbons, Sheldon Adelson, Steve Wynn, Taxes, Tribal, Wall Street | 3 Comments

Old Sixty Votes folds again; Butera’s blunder

Posted on December 8, 2010 by David McKee

Hey, Harry Reid, the casino industry called. It wants its money back. In all-too-predictable collapse, Old Sixty Votes threw in the towel on efforts to explicitly legalize online poker in the U.S. Since the issue is now dead for two … Continue reading →

Posted in Carl Icahn, Columbia Sussex, Current, Election, Harrah's, Harry Reid, Horseracing, IGT, Indiana, International, Internet gambling, MGM Mirage, Mississippi, Politics, Sheldon Adelson, Station Casinos, Tribal, Wall Street | 1 Comment

Quote of the Day

Posted on December 8, 2010 by David McKee

“Even though Democrats still have the majority, the perception is that Republicans are in charge. And being the party of ‘no’ has worked in Republicans’ favor.” — gaming-law expert I. Nelson Rose, betting against legalization of Internet poker.

Posted in Current, Harry Reid, Internet gambling, Politics | 1 Comment

Cosmo rides the wave; Old Sixty Votes rides again

Posted on December 7, 2010 by David McKee

It may be $1.9 billion over budget and 2.5 years behind schedule but The Cosmopolitan appears to be hitting the market with perfect timing. That’s good news for the 5,000 employees who are furiously getting acclimated with the new megaresort. … Continue reading →

Posted in CityCenter, Cosmopolitan, Current, Economy, Harrah's, Harry Reid, history, International, Internet gambling, MGM Mirage, Politics, Regulation, Sheldon Adelson, Steve Wynn, Taxes, The Strip, Tribal, Wall Street | 1 Comment

They’re just wild about Harry

Posted on December 3, 2010 by David McKee

An Alexandra Berzon byline in the Wall Street Journal, picked up by Politico.com (and forwarded to S&G by reader Hpark4) makes it implicitly clear why the casino industry’s Job One during the recent election cycle was to keep Sen. Harry … Continue reading →

Posted in Current, Harrah's, Harry Reid, Internet gambling, Louisiana, Planet Hollywood, Politics, Reno, Steve Wynn, World Series of Poker | 1 Comment

Good news, bad news in Atlantic City; Feinstein: “Stay on the rez!”; Buffalo Bill’s rides again

Posted on December 2, 2010 by David McKee

For once, however, it’s mostly good. Almost entirely good, in fact. The headline item is that Dennis Gomes‘ purchase of Resorts Atlantic City has cleared licensing, sweeping out the disastrous Colony Capital era. Gomes and financier Morris Bailey say $31.5 … Continue reading →

Posted in Alex Yemenidjian, Atlantic City, California, Colony Capital, Cosmopolitan, Current, Dining, Donald Trump, Economy, Harry Reid, Herbst Gaming, M Resort, Marketing, Mississippi, Morgans Hotel Group, Penn National, Politics, Regulation, Sports, Technology, The Strip, Tribal, TV | 4 Comments

‘Net betting: Wait til 2013 … or 2015 … or 2017 … or …

Posted on November 15, 2010 by David McKee

That was the consensus of a G2E panel that featured former California legislator Lloyd Levine, CNIGA Director of Government Affairs Jerome Encinas and Harrah’s Entertainment‘s top lobbyist, Jan Jones. With HR 2267 still several steps shy of passage and its … Continue reading →

Posted in California, Current, Election, Florida, G2E, Harrah's, Harry Reid, International, Internet gambling, MGM Mirage, Politics, Sheldon Adelson, Taxes, The Strip, Tribal | 3 Comments

Quote of the Day

Posted on November 5, 2010 by David McKee

“Suffice to say, it’s a very strange situation that someone who wants to be a representative of the state of Nevada never reached out to the No. 1 industry and even actively attacked Senator [Harry] Reid for helping it. I … Continue reading →

Posted in CityCenter, Current, Economy, Election, Harry Reid, MGM Mirage, The Strip | 2 Comments

Big Gaming’s big win

Posted on November 3, 2010 by David McKee

When the dust settled — and did so quite quickly on Election night — GOP pollster Frank Luntz had it right and everybody else had it wrong. Instead of experiencing a fatal wound or even the electoral near-death experience of … Continue reading →

Posted in Ameristar, Current, Economy, Election, Harrah's, Harry Reid, Internet gambling, MGM Mirage, Politics, Problem gambling, Regulation, Station Casinos, Steve Wynn, Wall Street | 3 Comments

Big Brother is watching you …

Posted on November 2, 2010 by David McKee

… and his name is Gary Loveman. While the Harrah’s Entertainment CEO hasn’t left a paper trail, several of his top lieutenants — including veeps Jan Jones (governmental affairs), Rick Mazer (boss of the Flamingo, Harrah’s Las Vegas, Imperial Palace, … Continue reading →

Posted in Current, Election, Harrah's, Harry Reid, Politics, The Strip, TV | 13 Comments

Quote of the Day

Posted on November 2, 2010 by David McKee

“But if a microphone appears, [Sen. Harry Reid] assumes the persona of a wan, Old West undertaker whose own pulse needs to be checked.” — from a New York Times story encapsulating today’s election as ‘Hold your nose and vote.’

Posted in Current, Harry Reid | 1 Comment