Category Archives: Herbst Gaming

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

Icahn’s CEO jumps ship

Posted on November 4, 2010 by David McKee

In something of a shocker, Scott Butera, CEO of Tropicana Entertainment is leaving the firm to join a rival — but undisclosed — casino company. It’s an amicable parting, judging by the fact that Butera is staying to smooth over … Continue reading →

Posted in Carl Icahn, CityCenter, Colony Capital, Columbia Sussex, Current, Detroit, Don Barden, Donald Trump, Economy, Fontainebleau, Herbst Gaming, Morgans Hotel Group, Shuffle Master, Tribal, Tropicana Entertainment, Wall Street | 4 Comments

Celebrity justice; Harrah’s goes to the dogs

Posted on October 12, 2010 by David McKee

As you all probably know by now, Palms owner George Maloof was busted on a DUI last weekend. Under any other circumstances, it would be endearing to learn that the generally unassuming Maloof doesn’t have himself chauffeured about town. Lack … Continue reading →

Posted in Animals, CityCenter, Columbia Sussex, Downtown, Economy, Election, Entertainment, Harrah's, Herbst Gaming, Lake Las Vegas, MGM Mirage, Monte Carlo fire, Pets, Station Casinos, Steve Wynn, The Strip | 2 Comments

The Primm mystery deepens

Posted on October 7, 2010 by David McKee

So is Herbst family hubris about to claim one or more victims in Primm? LVA sources report that perhaps 240 cars were there on a recent weekend, a sixth of them at Whiskey Pete’s, which wasn’t taking room bookings either … Continue reading →

Posted in California, Current, Economy, Entertainment, Herbst Gaming | 3 Comments

What’s up in Primm?

Posted on October 6, 2010 by David McKee

Earlier this week, LVA received a tip that Herbst Gaming would be tearing down Whiskey Pete’s in January and closing Buffalo Bill’s as well. After receiving a somewhat guarded reply from Kirvin Doak, which is handling PR for the creditor-owned … Continue reading →

Posted in Economy, Herbst Gaming, Marketing | 1 Comment

Fertittas win: Boyd calls it quits

Posted on July 30, 2010 by David McKee

Boyd Gaming threw in the towel today, ending its pursuit of two-thirds of Station Casinos‘ assets. This makes it virtually a shoo-in that sock-puppet bidder Fertitta Gaming will prevail at the upcoming bankruptcy auction. The latter, a front for Station … Continue reading →

Posted in Atlantic City, Boyd Gaming, Colony Capital, Current, Economy, Herbst Gaming, MGM Mirage, Regulation, Station Casinos, Wall Street | 6 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

“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

Tipping the scales

Posted on March 22, 2010 by David McKee

There’s a Nobel Prize in Economics (or something) for whomever can figure out how to disentangle gambling from politics. Case in point: Iowa, where Gov. Chet Culver (D, left) has a heavy thumb on the scales of regulation. Culver’s made … Continue reading →

Posted in Herbst Gaming, Iowa, Politics, Regulation | Comments Off

Hard Rock LV: Trouble on Paradise

Posted on March 18, 2010 by David McKee

Ed Scheetz: architect of disaster It was with great swagger that Morgans Hotel Group captured the Hard Rock Hotel & Casino in 2006. Newbies to the Vegas market, Morgans has had a rough education during the intervening years. Its most … Continue reading →

Posted in Current, Economy, Herbst Gaming, Morgans Hotel Group, Wall Street | 10 Comments

Love Train

Posted on March 18, 2010 by David McKee

As in the flowering bromance between Sen. Harry Reid (D-NV) and mouthpiece-for-hire Sig “The Fixer” Rogich. The former, a longtime supporter of a proposed maglev train betwixt Las Vegas and Anaheim, switched his allegiance to Rogich’s Choo-Choo-to-Nowhere, by the strangest … Continue reading →

Posted in Archon Corp., California, Economy, Election, Herbst Gaming, Politics, Station Casinos, Taxes, Tourism, Transportation | 10 Comments

Harrah’s: too big to fail

Posted on February 16, 2010 by David McKee

Take a good look at that fresh-faced man to the left. His name is Jonathan Halkyard and he’s the CFO of Harrah’s Entertainment. If he seems like a kid who’s running up a reckless tab on Dad’s credit card, blame … Continue reading →

Posted in Atlantic City, Harrah's, Herbst Gaming, James Packer, Lake Tahoe, Melco Crown Entertainment, Ohio, Planet Hollywood, Racinos, Station Casinos, The Strip, Wall Street | Comments Off

Spendthrifty ways of Herbst Ga…

Posted on January 28, 2010 by David McKee

Spendthrifty ways of Herbst Gaming playing hob w. bankruptcy plan. Foolish casino buys termed “fraudulent,” too. http://tinyurl.com/y9gb9ul

Posted in Herbst Gaming | Comments Off

Case Bets: Pinnacle, Macao, Sahara & Mirage

Posted on December 15, 2009 by David McKee

No trouble in River City: The opening of Pinnacle Entertainment‘s River City casino complex has leapt forward from May to March. Bully for Pinnacle, if this means that the project is going to be finished ahead of schedule. If this … Continue reading →

Posted in Architecture, CityCenter, Current, Dining, Economy, Entertainment, Herbst Gaming, Louisiana, Macau, Marketing, MGM Mirage, Missouri, Pinnacle Entertainment, Sahara, Sheldon Adelson, Stanley Ho, The Strip | 4 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

Strip bottoming out

Posted on November 10, 2009 by David McKee

September’s Nevada gaming revenue numbers are in and the good news is that the Strip is only -4% year/year. (Strip revs were down all of ’08 but didn’t fall off the cliff until October, when they tumbled 26%.) This makes … Continue reading →

Posted in Aristocrat, Boulder Strip, Boyd Gaming, Columbia Sussex, Current, Economy, G2E, Harrah's, Herbst Gaming, International, Isle of Capri, Macau, Mesquite, Ohio, Reno, Sheldon Adelson, Stanley Ho, Station Casinos, Steve Wynn, The Strip, Tourism, Transportation, Wall Street | Comments Off

Signs of the Times

Posted on July 22, 2009 by David McKee

Caesars Palace's jumbotron was hawking a poker "tournement [sic]" as of last night. Having an ex-Harvard boffin at the helm evidently doesn't raise a company's I.Q. level. You half-expect that sort of spelling gaffe on the marquee at Terrible's; at … Continue reading →

Posted in Current, Downtown, Economy, Entertainment, Harrah's, Herbst Gaming, Riviera, The Strip, Tilman Fertitta | Comments Off

Fertittas reinvest …

Posted on July 7, 2009 by David McKee

… not in Station Casinos but in Orange County real estate, it would seem. The neighborhood is popular with casino moguls who have run their companies into the ground: A nearby, $35 million crib is a domain whose master is … Continue reading →

Posted in California, Current, Herbst Gaming, Station Casinos | 1 Comment

The Trop heist that wasn't

Posted on June 26, 2009 by David McKee

"An improvident indictment." That's what New Jersey officials are calling a case that was quietly quashed in May. Sacked Borgata veep John Conklin and two other men had been charged with plundering the Tropicana Atlantic City's database when they were … Continue reading →

Posted in Atlantic City, Boyd Gaming, Donald Trump, Entertainment, Golden Gaming, Harrah's, Herbst Gaming, Kansas, Neil Bluhm, North Las Vegas, Pennsylvania, Politics, Sheldon Adelson, Singapore, Taxes, The Strip, Transportation | Comments Off

First, some good news

Posted on April 16, 2009 by David McKee

In a refreshing change of pace comes news of a casino that’s on schedule for its opening. OK, so it’s in Dodge City, Kansas, but we’ll take good news wherever we can get it these days. Whoever thought avionics firm … Continue reading →

Posted in Downtown, Economy, Entertainment, Herbst Gaming, Kansas, Labor, LVCVA, Marketing, Mesquite, Sheldon Adelson, Station Casinos, The Strip | Comments Off