Category Archives: Lake Tahoe

Back to normal

Posted on January 12, 2010 by David McKee

For starters, let’s just write off 2006-7 as an aberration. While dancing in the streets is premature, Nevada‘s casino revenues from November ($873 million) at least give us an excuse to breathe a sigh of relief — especially when other … Continue reading →

Posted in Atlantic City, Boulder Strip, Current, Downtown, Economy, Harrah's, Illinois, Indiana, Lake Tahoe, Missouri, North Las Vegas, The Strip, Wall Street | 1 Comment

Blimps on the radar

Posted on September 10, 2009 by David McKee

Dipping into the dispatch box, S&G finds the following tidbits, courtesy of the nice people at J.P. Morgan: Alex Yemenidjian is serious about revamping the Tropicana Las Vegas. He's just inked a contract with Bally Technologies for a player-tracking system … Continue reading →

Posted in Alex Yemenidjian, Atlantic City, Bally Technologies, CityCenter, Detroit, Economy, Lake Tahoe, Laughlin, LVCVA, Marketing, MGM Mirage, North Las Vegas, Reno, Sheldon Adelson, Station Casinos, The Strip, TV | Comments Off on Blimps on the radar

Carl Icahn, comedian?

Posted on August 11, 2009 by David McKee

"As a result of [Tropicana Entertainment's] continued use of the Tropicana marks in interstate commerce, the Tropicana marks have achieved fame and notoriety and are associated in the minds of consumers nationwide with a consistent level of high-quality casino, entertainment … Continue reading →

Posted in Atlantic City, Carl Icahn, Columbia Sussex, Lake Tahoe, Laughlin, The Strip, Tropicana Entertainment | Comments Off on Carl Icahn, comedian?

Case Bets: M Resort, bad debt, Wall Street's bomb

Posted on July 20, 2009 by David McKee

After fairly flying out of the gate, M Resort has hit the wall. Unfortunately, CEO Anthony Marnell III's response to economic adversity has been to sweat the value propositions. Not only is M fretting about card counters (hands down, the … Continue reading →

Posted in Architecture, Cannery Casino Resorts, Current, Economy, Harrah's, Lake Tahoe, M Resort, Marketing, Regulation, Sahara, Station Casinos, Steve Wynn, Wall Street | Comments Off on Case Bets: M Resort, bad debt, Wall Street's bomb

Case Bets: California, Packer pickle, Macao pix, Holy Cow!, Singapore, RoboPoker, etc.

Posted on June 25, 2009 by David McKee

Editor’s note: An item involving Crown Ltd. contained factual errors, which have been corrected (as you’ll see). I apologize for the misinformation. My thanks to the reader who pulled my head out of my @$$. California gamblers stay and play … Continue reading →

Posted in Atlantic City, Australia, California, Columbia Sussex, Current, Economy, Entertainment, G2E, Genting, Harrah's, Holy Cow, International, Lake Tahoe, Laughlin, Louisiana, Macau, New York, Penn National, Phil Ruffin, Problem gambling, Regulation, Sheldon Adelson, Singapore, Technology, The Strip, Tribal, Tropicana Entertainment | Comments Off on Case Bets: California, Packer pickle, Macao pix, Holy Cow!, Singapore, RoboPoker, etc.

You know it's a bad day …

Posted on May 11, 2009 by David McKee

… when the company riding to your rescue is Columbia Sussex. Had Tropicana Entertainment not farmed out operation of the Horizon in Lake Tahoe to its William J. Yung III‘s company, it might have been closed outright. As matters stand, … Continue reading →

Posted in Columbia Sussex, Lake Tahoe, Tropicana Entertainment | Comments Off on You know it's a bad day …

Bleak Horizon

Posted on May 5, 2009 by David McKee

Anybody who thought Columbia Sussex CEO William J. Yung III was exiting the casino industry, let alone going quietly, got a bracing dose of reality today. The older of Tropicana Entertainment‘s two leases in Lake Tahoe, the Horizon, is in … Continue reading →

Posted in Columbia Sussex, Lake Tahoe, Regulation, Tropicana Entertainment | Comments Off on Bleak Horizon

Case Bets: MGM Mirage, Harrah's, Wynn, Shuffle Master, Taxes

Posted on March 17, 2009 by David McKee

As we wait for the MGM Mirage earnings report, signs of desperation mount. If the company is willing to cast away a pearl like new, costly and high-yielding MGM Grand Detroit, what isn’t sacred? Not even the corporate jet, provided … Continue reading →

Posted in Columbia Sussex, Current, Detroit, Economy, Goldman Sachs, Harrah's, Labor, Lake Tahoe, Louisiana, MGM Mirage, Mississippi, Pinnacle Entertainment, Shuffle Master, Steve Wynn, Taxes, Technology, Wall Street | Comments Off on Case Bets: MGM Mirage, Harrah's, Wynn, Shuffle Master, Taxes

From A(ztar) to Z(ilch)

Posted on January 13, 2009 by David McKee

If Tropicana Entertainment management's bankruptcy plan is accepted by the courts (one bond analyst thinks otherwise), former CEO/sole owner William J. Yung III will be left with — what's the technical term? — diddly squat. (So will his unsecured creditors, … Continue reading →

Posted in Atlantic City, Columbia Sussex, Economy, Indiana, Lake Tahoe, Laughlin, Louisiana, Marketing, Mississippi, Penn National, Pinnacle Entertainment, Regulation, The Strip, Tropicana Entertainment, Wall Street | Comments Off on From A(ztar) to Z(ilch)

Mont-blew it; more E-Can; Trump struggling

Posted on September 5, 2008 by David McKee

"Montbleu screwed our pooch." That's the conclusion of Chuck Monster, who chronicles a bait-and-switch at the former Caesars Tahoe. It's now part of the prospering casino fleet that is Columbia Sussex and its "pet friendly" package turned out to be … Continue reading →

Posted in Animals, Boulder Strip, Cannery Casino Resorts, Columbia Sussex, Donald Trump, Lake Tahoe, Pets, The Strip | Comments Off on Mont-blew it; more E-Can; Trump struggling

Gold Coast buffet update, etc.

Posted on July 21, 2008 by David McKee

I just heard from Boyd Gaming and they say that the corned beef/chicken choice at the Gold Coast buffet's carving station was the luck of the draw and not indicative of a cutback. Roast beef, turkey and brisket are still … Continue reading →

Posted in Boyd Gaming, Columbia Sussex, Lake Tahoe, MGM Mirage, Movies | Comments Off on Gold Coast buffet update, etc.

Tahoe: Scratch one casino

Posted on May 6, 2008 by David McKee

Part of the ongoing fallout from the Tropicana Entertainment bankruptcy is an even more dire forecast for the Lake Tahoe market. How bad is it? Well, even though Columbia Sussex has an option to renew its lease on the Horizon, … Continue reading →

Posted in Atlantic City, Columbia Sussex, Indiana, Lake Tahoe, The Strip | Comments Off on Tahoe: Scratch one casino