Category Archives: Lake Tahoe

Hilton: worse than it looks

Posted on August 12, 2011 by David McKee

In the cold light of day (i.e., Chris Sieroty‘s Review-Journal coverage), the situation at the Las Vegas Hilton appears still more dire … if such a thing is possible. Remember that roughly a third of the LVH is owned by … Continue reading →

Posted in Atlantic City, Carl Icahn, Colony Capital, Economy, Goldman Sachs, Lake Tahoe, Laughlin, The Strip, Tropicana Entertainment, Wall Street | 2 Comments

The Strip in April: Down and yet up; Gettysburg: The south loses again

Posted on June 9, 2011 by David McKee

According to the Nevada Gaming Control Board, casino revenue in the state was down 2% in April … except that it wasn’t. Since the month ended on a Saturday, slot revenue from the last two days of April got slopped … Continue reading →

Posted in Ameristar, Boulder Strip, Boyd Gaming, California, Current, Economy, Harrah's, Illinois, Indiana, International, Isle of Capri, Lake Tahoe, Pennsylvania, Politics, Regulation, The Strip, Tourism, Transportation, Wall Street | Comments Off on The Strip in April: Down and yet up; Gettysburg: The south loses again

Nazarian totally busted …

Posted on April 29, 2011 by David McKee

… by Chuck Monster, who’s learned that SBE Entertainment‘s deal with MGM Resorts International includes dumping the Club Sahara loyalty program database into the lion’s “low roller walled garden,” Circus Circus Players Club. Which is pretty much what S&G expected … Continue reading →

Posted in Atlantic City, California, Carl Icahn, CityCenter, Columbia Sussex, Current, Dennis Gomes, Economy, Entertainment, Fontainebleau, Harrah's, Lake Tahoe, MGM Mirage, Pennsylvania, Racinos, Sahara, The Strip, Tropicana Entertainment, Wall Street | 6 Comments

Let’s do the Time Warp

Posted on April 8, 2011 by David McKee

Hallucinations are not considered a symptom of fibromyalgia but I sure thought I was seeing things yesterday when noon-hour TV newscasts led with Union Village. Somebody obviously thinks it’s still 2007, as they’re proposing a $1.5 billion, 171-acre hospital-cum-retirement-community complex … Continue reading →

Posted in Boulder Strip, Current, Economy, Harrah's, Lake Tahoe, Station Casinos, Steve Wynn, Tourism, TV, Wall Street | 1 Comment

Vegas in January: Dazed and confusing

Posted on March 10, 2011 by David McKee

It’s not as though there aren’t signs of hope for the Nevada economy. And even as empty storefronts continue to proliferate and housing prices tank in Las Vegas, there’s a “green shoot” or two, if you look for them. The … Continue reading →

Posted in Boulder Strip, Cosmopolitan, Current, Downtown, Economy, history, IGT, Lake Tahoe, North Las Vegas, Regulation, Sheldon Adelson, Taxes, The Strip, Tourism, Transportation, Wall Street | 3 Comments

Boyd: The rest of the story

Posted on March 9, 2011 by David McKee

There’s a bit of scuttlebutt going around about Boyd Gaming retracting coupon offers. To wit, from the S&G mailbag: “There’s this story going around, Suncoast/Boyd advertised in the [Las Vegas Review-Journal], and gave 10x points coupons for every Wednesday in … Continue reading →

Posted in Boyd Gaming, Current, Downtown, Lake Tahoe, Politics, Sheldon Adelson, Stanley Ho, TV | 5 Comments

The case of the ‘missing’ Moore; Waiting for Macao

Posted on January 20, 2011 by David McKee

Recent photo coverage of the makeover of CityCenter‘s famous/notorious “pocket park” made it appear as though the Henry Moore sculpture (best thing in CityCenter, IMO) had gone missing. Was MGM Resorts International retreating from its commitment to public after a … Continue reading →

Posted in Cirque du Soleil, CityCenter, Current, Entertainment, history, Lake Tahoe, Macau, MGM Mirage, Regulation, Reno, The Strip | 1 Comment

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

Hard Rock: No end of trouble on Paradise

Posted on December 28, 2010 by David McKee

Once again the blogosphere has caught the MSM napping. Report On Vegas informs readers that the Hard Rock Hotel & Casino is having a rough time meeting its bills (this was the augury of doom for Barrick Gaming‘s short-lived stewardship … Continue reading →

Posted in Boyd Gaming, Current, Don Barden, Downtown, Economy, Harrah's, Lake Tahoe, Morgans Hotel Group, Pennsylvania, Sports, Tamares Group, The Strip, Tribal, TV | 3 Comments

Case Bets: Caliendo, ColSux & Sixty Votes’ latest

Posted on December 10, 2010 by David McKee

After 14 months on the job as Monte Carlo‘s resident headliner, Frank Caliendo is calling it quits, effective some time next spring. The impressionist and Fox Sports regular cited having to spend time away from his family and the rigors … Continue reading →

Posted in Columbia Sussex, Current, Economy, Election, Entertainment, history, Kentucky, Lake Tahoe, MGM Mirage, Politics, Sahara, Station Casinos, The Strip, Tribal, Wall Street | 1 Comment

Singapore: Our whales lose more than your whales!

Posted on October 12, 2010 by David McKee

Think you’re so big, Las Vegas? Well, Singapore just went all “In your face” on Sin City. One area tycoon recently blew $50 million at Marina Bay Sands and/or Resorts World Sentosa. Not to be outdone, a Singaporean zillionaire dropped … Continue reading →

Posted in Architecture, Boulder Strip, Economy, Entertainment, Environment, Genting, Goldman Sachs, Harrah's, Lake Tahoe, Missouri, Pinnacle Entertainment, Reno, Sheldon Adelson, Singapore, Tamares Group, The Strip | 2 Comments

The whales of August

Posted on October 8, 2010 by David McKee

Nevada had another big casino bounce — $944.5 million, its largest since February’s $947 million. However, some of the positive auguries are real and some are misleading. To get the big one out of the way, Strip slot revenues were … Continue reading →

Posted in Boulder Strip, Current, Economy, Harrah's, Kansas, Lake Tahoe, Laughlin, Louisiana, North Las Vegas, Regulation, Reno, The Strip, Tourism, Vdara Death Ray, Wall Street | 2 Comments

Barrack 1, Bankers 0; Criminal stupidity

Posted on September 24, 2010 by David McKee

A skirmish over the fate of the Atlantic City Hilton ended in victory for Colony Capital. A Superior Court judge decided there were too many unresolved issues in the dissolution of Colony’s East Coast casino portfolio to warrant taking the … Continue reading →

Posted in Atlantic City, Boyd Gaming, California, Colony Capital, Columbia Sussex, Current, Economy, Harrah's, Horseracing, International, Lake Tahoe, Marketing, Massachusetts, MGM Mirage, Mississippi, Neil Bluhm, Pennsylvania, Politics, Racinos, Regulation, Sports, Station Casinos, The Strip, Tilman Fertitta, Tourism, Tribal, Wall Street | 1 Comment

Desperate times

Posted on September 17, 2010 by David McKee

They call for desperate measures, it’s said. MGM Resorts International has just rolled out a heckuva bargain play. If you can afford a two-night stay at Aria or Vdara between Sept. 24 and Dec. 23, and you can find a … Continue reading →

Posted in Architecture, CityCenter, Columbia Sussex, Cretins, Current, Lake Tahoe, Macau, Marketing, MGM Mirage, Planet Hollywood, Tamares Group, The Strip, Tourism, Tribal | 7 Comments

Next victim: Westin Casuarina?

Posted on July 19, 2010 by David McKee

Here’s a story that seems to have slipped past all of us. On March 31, the Westin Casuarina was placed on “Imminent Default” status by Fitch Ratings. The property was running at 61.5% occupany, with ADRs of $119 and 61.55 … Continue reading →

Posted in Columbia Sussex, Economy, Harrah's, Lake Tahoe, The Strip, Tourism, Tropicana Entertainment, Wall Street | 3 Comments

Vegas continues to confound

Posted on July 7, 2010 by David McKee

A friend recently posed to me the question of how Nevada‘s casino revenues can be so anemic at a time when casino floors appear so crowded (only 100K fewer visitors in April 2009 than two years earlier). I’m coming around … Continue reading →

Posted in Boulder Strip, Current, Downtown, Economy, Lake Tahoe, Laughlin, North Las Vegas, Regulation, The Strip | 3 Comments

Aqueduct: Then there were three

Posted on June 30, 2010 by David McKee

As the contentious racino contract for Aqueduct Racetrack is rebid, the field has narrowed to three suitors, all of whom are in enviable cash positions. Penn National Gaming‘s bankroll has taken on Holy Grail status, Genting Bhd has a money-spinner … Continue reading →

Posted in Atlantic City, California, Columbia Sussex, Cordish Co., Current, Election, Florida, Genting, Harrah's, history, Lake Tahoe, Maryland, Massachusetts, New York, Ohio, Penn National, Pennsylvania, Politics, Problem gambling, Racinos, Regulation, Reno, Taxes, Tribal | 1 Comment

This is what “recovery” looks like

Posted on June 9, 2010 by David McKee

Here’s our new business model: a Strip that hasn’t gotten past “dead cat bounce” yet and emaciated revenues elsewhere. Instead of longing for the snows of yesterday and invoking the magic number “2007,” the top minds in the industry are … Continue reading →

Posted in Boulder Strip, Current, Detroit, Downtown, Economy, Lake Tahoe, Laughlin, MGM Mirage, Regulation, The Strip, Tourism, Wall Street | 3 Comments

Nevada: No recovery yet

Posted on May 11, 2010 by David McKee

“We hit the bottom and are slowly climbing out,” contends Nevada Gaming Control Board analyst Frank Streshley, trying to put the best spin on a flat March. There were definitely some silver linings. Who’da thunk Laughlin (2.5%), Reno (5%) and … Continue reading →

Posted in Boulder Strip, California, CityCenter, Current, Downtown, Economy, Lake Tahoe, Laughlin, LVCVA, Marketing, Mesquite, MGM Mirage, Reno, Sports, The Strip | 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 on Harrah’s: too big to fail