Category Archives: Horseracing

Gilbert, Caesars hit Ohio speed bump; Maple Leaf misadventure; Rearranging deck chairs on the WesCas

Posted on April 20, 2012 by David McKee

Rub a dub-dub, three companies in a tub called Rock Ohio Caesars. In emulation of Nevada‘s built-first-license-later system, the Ohio Casino Control Commission is just getting around to mulling the bonafides of Horseshoe Casino Cleveland‘s shareholders. Little-publicized minority partner Lyle … Continue reading →

Posted in Columbia Sussex, Current, Detroit, Harrah's, Horseracing, International, Iowa, Kansas, Lyle Berman, Macau, Massachusetts, MGM Mirage, Ohio, Pennsylvania, Politics, Regulation, Sports, Stanley Ho, The Strip, Wall Street | 2 Comments

The Trop and the truth; Crock of Vegas

Posted on April 5, 2012 by David McKee

Black Hawk Down author Mark Bowden has penned a gripping account of how veteran racetrack executive Don Johnson (no, not that one) cleaned the clocks of the Tropicana Atlantic City, Borgata and Caesars Palace Atlantic City, to the tune of … Continue reading →

Posted in Atlantic City, Boulder Strip, Boyd Gaming, Carl Icahn, Columbia Sussex, Donald Trump, Downtown, Election, Entertainment, Harrah's, Horseracing, Internet gambling, Pennsylvania, Sheldon Adelson, Tropicana Entertainment | 3 Comments

No cannibalization in K.C.!; Nebraska: Phhhhhttt!

Posted on March 19, 2012 by David McKee

February numbers are in for Hollywood Casino at Kansas Speedway and it lifted the entire K.C. market 24%, grossing $15 million in 26 days. Once the Hollywood effect is sifted out of monthly revenues, all other casinos were down only … Continue reading →

Posted in Ameristar, Current, Harrah's, Horseracing, Isle of Capri, Kansas, Missouri, Nebraska, New York, Ohio, Penn National, Pennsylvania, Politics, Racinos, Regulation, Wall Street | Comments Off

China to Cirque: “Pas encore!”

Posted on February 9, 2012 by David McKee

Cirque du Soleil® has laid another oeuf — or Las Vegas Sands has claimed yet another showbiz victim. Its resident show at Venetian Macao, Zaia™, is closing after a 42-month run. Either the touchy-feely, eco-friendly whimsies of Zaia™ were too … Continue reading →

Posted in Cirque du Soleil, CityCenter, Economy, Entertainment, Horseracing, International, Macau, MGM Mirage, Pennsylvania, Sheldon Adelson, The Strip, Tourism | Comments Off

“Luck” you!; A new gaming bonanza?

Posted on January 30, 2012 by David McKee

Last week, Mandalay Bay hosted an advance screening of the pilot episode of Luck, which debuted on HBO last night. If it was hard to follow on the ginormous MBay screen, I cannot imagine how impenetrable it seemed on a … Continue reading →

Posted in Ameristar, California, Horseracing, Kansas, Maine, Missouri, Ohio, Pinnacle Entertainment, Problem gambling, Racinos, South Carolina, Taxes, Tribal, TV | 5 Comments

Illinois: They shoot horses, don’t they?; Friday film festival

Posted on January 20, 2012 by David McKee

Score another round for Illinois Gov. Pat Quinn (D): By threatening a drawn-out negotiation process that would put casino expansion hard up against election season — with lawmakers facing the terra incognita of redrawn districts — he may have forced … Continue reading →

Posted in Economy, Election, Environment, Harrah's, Horseracing, Illinois, Internet gambling, Missouri, Ohio, Penn National, Politics, Racinos, Regulation, Rhode Island, Taxes, Tribal | Comments Off

Belated Christmas presents

Posted on January 10, 2012 by David McKee

Good news is busting out all over, starting in the unlikeliest place … Atlantic City. Ye Olde Boardwalk was up 4% last month, its first revenue-positive month in 15 quarters. Even a 10% fall in table drop couldn’t put a … Continue reading →

Posted in Atlantic City, Boyd Gaming, Colony Capital, Current, Dennis Gomes, Donald Trump, Economy, Election, Genting, Harrah's, Horseracing, Illinois, Neil Bluhm, New York, Pennsylvania, Politics, Racinos, Sheldon Adelson, Tilman Fertitta, Tribal, Tropicana Entertainment, Wall Street | 1 Comment

Hooters: What next?; PE fools and their money; Deal or no-Deal in Georgia?

Posted on November 30, 2011 by David McKee

It’s all over for the current administration at Hooters Casino Hotel. They’ve given up trying to fight efforts by Canyon Capital Realty Advisors to have the money-losing property sold via foreclosure auction. If Canpartners wins at auction, it may go … Continue reading →

Posted in Colorado, Current, Economy, Election, Florida, Georgia, Golden Gaming, Herbst Gaming, Hooters, Horseracing, Slot routes, Taxes, The Strip, Wall Street | 3 Comments

Domino effects

Posted on October 31, 2011 by David McKee

“Prior to the official opening, a 60-minute opening ceremony was held outside of the main entrance to the casino, where local and state politicians patted each other on the back for finally getting the casino opened, a mere 10 years … Continue reading →

Posted in Atlantic City, Colony Capital, Culinary Union, Current, Detroit, Economy, Election, Florida, Harrah's, Horseracing, Isle of Capri, Kentucky, Maine, Massachusetts, MGM Mirage, Politics, Problem gambling, Racinos, Regulation, Singapore, Slot routes, Taxes, Tourism, Tribal | 1 Comment

Mojito Pointe: Why MGM did it

Posted on October 25, 2011 by David McKee

Maybe they were just charmed by Dan Lee‘s babyish face (left) but leadership at MGM Resorts International can cite of plenty of other reasons for throwing in on Lee’s Mojito Pointe project … which may be rechristened with an MGM … Continue reading →

Posted in Boyd Gaming, Dan Lee, Horseracing, International, Isle of Capri, Louisiana, M Resort, Marketing, MGM Mirage, Mississippi, Penn National, Pinnacle Entertainment, Racinos, Steve Wynn, Texas, The Strip | 1 Comment

Pat Quinn finally gets it

Posted on October 17, 2011 by David McKee

After four months of vacillation, Gov. Pat Quinn (D-IL) has gotten off the fence and announced his opposition to multiple racinos within Illinois (and to slot routes at airports). Noting that the state already subsidizes the sport of kings, he … Continue reading →

Posted in Atlantic City, Current, Horseracing, Illinois, New York, Politics, Racinos, Regulation, Sports | Comments Off

Breakthrough in Massachusetts

Posted on October 13, 2011 by David McKee

This just in … the Massachusetts state Senate voted 24-14 to send casino legalization on to a conference committee, where the House’s version — passed with a crushing majority — already reposes. Differences between the two versions, obviously, will have … Continue reading →

Posted in Bally Technologies, Current, Economy, Florida, Genting, Harrah's, Horseracing, IGT, Internet gambling, Movies, Penn National, Pennsylvania, Politics, Racinos, Regulation, Sheldon Adelson, Slot routes, Sports, Steve Wynn, Taxes, Tribal, Wall Street, WMS Industries | Comments Off

“The Paddy Factor”

Posted on September 29, 2011 by David McKee

(For film buffs: “The Paddy Factor” was the working title of what became the classic gangster movie, The Long Good Friday … and the rest was history.) A new “Paddy factor” got flung into the Vegas equation this week when … Continue reading →

Posted in Current, Harrah's, Horseracing, Illinois, International, Internet gambling, MGM Mirage, Movies, Politics, Racinos, Regulation, Sheldon Adelson, Slot routes, Steve Wynn, Taxes, Technology, The Strip | 1 Comment

Gaming is on the march

Posted on September 9, 2011 by David McKee

Add Kentucky to the states that have casino-style gambling, at least temporarily. Owners of Kentucky Downs found a loophole in Bluegrass State law and galloped through it. “Instant Racing” is the sort of VLT game you might find at a … Continue reading →

Posted in Cannery Casino Resorts, Current, Economy, Election, Genting, Harrah's, Horseracing, Isle of Capri, Kentucky, Louisiana, Maine, Massachusetts, New York, Ohio, Penn National, Politics, Racinos, Regulation, Taxes, The Strip, Tourism, Transportation, Tribal, Warner Gaming | 6 Comments

Thaw in Massachusetts? Hilton has left the building

Posted on August 25, 2011 by David McKee

After screwing the pooch in the previous legislature, it looks as though Gov. Deval Patrick (D-MA) and state lawmakers are finally on the same page regarding casino expansion in the Bay State. Analyst Joseph Greff rates the solons’ chances of … Continue reading →

Posted in Atlantic City, Bally Technologies, Colony Capital, Current, Economy, Genting, Horseracing, IGT, Isle of Capri, Kansas, Marketing, Maryland, Pennsylvania, Politics, Racinos, Regulation, Singapore, Taxes, The Strip, Tourism, Tribal, Wall Street, Warner Gaming, WMS Industries | 2 Comments

Case Bets: Station, Isle, Cosmo, Loveman & the horsey set

Posted on August 16, 2011 by David McKee

Revenue growth accelerated at Station Casinos in 2Q11, with cash flow up 8.5% (compared to +4% for the year so far). Keeping room rates steady at an average of $71 appears to have boosted occupancy, up from 81% to an … Continue reading →

Posted in Ameristar, Cosmopolitan, Current, Dining, Economy, Entertainment, Harrah's, Horseracing, Internet gambling, Isle of Capri, Marketing, Missouri, Penn National, Pokergeddon, Politics, Racinos, The Strip | 1 Comment

Restarting in Ohio

Posted on July 1, 2011 by David McKee

Now that Penn National Gaming and Rock Ohio Caesars have waved the white flag to Gov. Jon Kasich‘s monetary demands, work is resuming at their once-stalled Ohio casinos. In the case of ROC’s Cleveland casino, Rock Ventures and Caesars Entertainment … Continue reading →

Posted in Architecture, Current, Harrah's, Horseracing, Ohio, Penn National, Politics, Racinos, Regulation, Taxes | 1 Comment

Raw deal

Posted on June 18, 2011 by David McKee

In the end two, casino operators bent over, grabbed their ankles and took it hard from Gov. John Kasich (R), who can claim a near-unqualified victory — and in blistering time. With money and pilings already sunk into Ohio, neither … Continue reading →

Posted in Bally Technologies, Boyd Gaming, Current, Election, Harrah's, Horseracing, IGT, Indiana, Isle of Capri, Ohio, Penn National, Pinnacle Entertainment, Racinos, Regulation, Taxes, Wall Street, WMS Industries | 3 Comments

The ‘hot’ list that’s not; Grumpy old Fulton; A threat from Quinn

Posted on June 3, 2011 by David McKee

A sudden barrage of commissions has been getting between me and S&G. At the very least, I can get a few quick hits in before the weekend. For instance … Earth to Vegas.com … while I realize that Las Vegas … Continue reading →

Posted in Current, Economy, Entertainment, Harrah's, Horseracing, Illinois, MGM Mirage, Movies, Neil Bluhm, Pennsylvania, Politics, Racinos, Regulation, The Strip, Tourism, Tribal, TV | 3 Comments

Ruffin it; Atlantic City: up in smoke?

Posted on May 31, 2011 by David McKee

“Nightclubs — we just didn’t fare well with them. There are so many nightclubs. Everyone’s got just one or two. Ours were just marginal.” That’s Treasure Island owner Phil Ruffin‘s argument for repositioning the pirate place for a mid-market, middle-aged … Continue reading →

Posted in Atlantic City, Boyd Gaming, Cirque du Soleil, Dennis Gomes, Donald Trump, Economy, Entertainment, Environment, Hard Rock Hotel, Harrah's, history, Horseracing, Kansas, Macau, Marketing, Massachusetts, Morgans Hotel Group, New York, Pennsylvania, Phil Ruffin, Politics, Problem gambling, Racinos, Regulation, Station Casinos, The Strip, Tilman Fertitta, Tourism, Tribal, Wall Street, Warner Gaming | 1 Comment