Category Archives: Maryland

Who needs M most?; Station’s glass jaw

Posted on August 17, 2010 by David McKee

In a shocker of a scoop, The Newspaper That Must Not Be Cited revealed yesterday that a $700 million stake in $1 billion M Resort was being shopped around by the resort’s lead banker. While this probably says more about … Continue reading →

Posted in Atlantic City, Boulder Strip, Boyd Gaming, California, Carl Icahn, Colony Capital, Cosmopolitan, Current, Downtown, Economy, Kansas, M Resort, Maryland, MGM Mirage, Michael Gaughan, North Las Vegas, Ohio, Penn National, Pinnacle Entertainment, Riviera, Station Casinos, The Strip, Tourism, Tropicana Entertainment, Wall Street | 8 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

Case Bets: Station, Macao, Maryland, Missouri, Mississippi, Encore 2x, etc.

Posted on June 1, 2010 by David McKee

$864.5 million: That’s the magic number if you want to put in an opening bid on 11 Station Casinos properties (plus unspecified land and some tribal-casino-management contracts) come Aug. 6. Boyd Gaming‘s already made it clear that it’s good for … Continue reading →

Posted in Ameristar, Bally Technologies, Boulder Strip, Boyd Gaming, Colony Capital, Current, Economy, Encore, Entertainment, Harrah's, Horseracing, International, Isle of Capri, Macau, Maryland, Mississippi, Missouri, Ohio, Pinnacle Entertainment, Racinos, Regulation, Station Casinos, Steve Wynn, Taxes, The Strip, Tourism, Tribal, Wall Street | 1 Comment

Case Bets: Macao, Maryland, Internet casinos

Posted on May 24, 2010 by David McKee

April was a bonny month for Macao, where overall visitation rose 13% and mainland Chinese tourism rose 17%. Now if only Peking would take its hand off the spigot known as visa quotas, we might have some honest-to-god year/year comparisons … Continue reading →

Posted in Alabama, Cordish Co., IGT, Internet gambling, Kentucky, Macau, Maryland, Politics, Regulation, Sports, Taxes, Technology, The Strip, Tourism | 2 Comments

Paging Gary Loveman …

Posted on May 19, 2010 by David McKee

When it comes to bankruptcy, the Fertitta Brothers are pikers compared to magician Steve Wyrick, whose eponymous “entertainment complex” went “Poof!” last Dec. 10. At the time, Wyrick harangued LVA for announcing the closure, saying his return was imminent. We’re … Continue reading →

Posted in Archon Corp., Current, Election, Entertainment, Harrah's, Macau, Maryland, MGM Mirage, Pennsylvania, Planet Hollywood, Regulation, Station Casinos, Steve Wynn, The Mob, The Strip, Wall Street | Comments Off on Paging Gary Loveman …

From the mailbag: Wynn in Philly

Posted on April 7, 2010 by David McKee

A longtime observer of the industry (and player) has this to say about Steve Wynn‘s revised sales pitch to the City of Philadelphia … “Unlike too many folks, I don’t worship Steve Wynn (in fact, I’ll never forgive him for … Continue reading →

Posted in Atlantic City, Current, Harrah's, Maryland, Neil Bluhm, Pennsylvania, Steve Wynn, West Virginia | 2 Comments

Quote of the Day

Posted on March 26, 2010 by David McKee

“Ever since banks lent all that money to Columbia Sussex to buy my hotel, my paycheck is smaller, I don’t qualify for health insurance anymore, and my co-workers are laid off.” — Baltimore Sheraton laundress Mary Lee Hinant. Her hotel … Continue reading →

Posted in Columbia Sussex, Current, Labor, Maryland, Tropicana Entertainment, Wall Street | Comments Off on Quote of the Day

Case Bets: Maryland, Foxwoods, problem gambling

Posted on March 23, 2010 by David McKee

It’s not even been 18 months since Maryland voters gave their assent to slot houses — a time in which the state has to erect a regulatory apparatus, vet applicants, and then wait for the latter to get up and … Continue reading →

Posted in Cordish Co., Current, Economy, Kansas, Marketing, Maryland, MGM Mirage, New York, Penn National, Pennsylvania, Politics, Problem gambling, Racinos, Regulation, Taxes, Tribal | 1 Comment

Penn: “You stupid darkness!”

Posted on February 22, 2010 by David McKee

In one of my absolute favorite Peanuts strips, Charlie Brown finds Linus out in the night, carrying a taper. Asked to explain, Linus replies that it’s better to light a single candle than curse the darkness. Cut to Lucy, elsewhere, … Continue reading →

Posted in Current, Economy, Maryland, Ohio, Penn National, Pennsylvania, The Strip, Wall Street | 3 Comments

From the S&G Twitter feed …

Posted on January 5, 2010 by David McKee

Whilst I try to decipher my notes from the New Year’s Day performance by Carlos Mencia, here’s what you’ve been missing if you don’t follow the S&G Twitter feed (Twitter handle: @stiffsgeorges): • Pittsburgh‘s Rivers Casino sacks exec team, brings … Continue reading →

Posted in CityCenter, Cordish Co., Current, Entertainment, Florida, Harrah's, International, Maryland, MGM Mirage, Neil Bluhm, Pennsylvania, Planet Hollywood, Racinos, Riviera, Singapore | Comments Off on From the S&G Twitter feed …

Quote of the Day

Posted on December 22, 2009 by David McKee

“We make no pretense about being wealthy.” — would-be Baltimore casino developer Michael Cryor, whose project has been unable to muster its $19.5 million license fee, despite being given 10 months to do so.

Posted in Maryland | Comments Off on Quote of the Day

Loveman loves him some Macao

Posted on December 22, 2009 by David McKee

By now the saga of Harrah’s Entertainment‘s Macanese golf course is the stuff of legend: a $578 million golden albatross around the company’s neck and a metaphor for the company’s misfortune-prone international strategy. While some of CEO Gary Loveman‘s ventures … Continue reading →

Posted in Atlantic City, Colony Capital, Current, Harrah's, James Packer, Lawrence Ho, Macau, Maryland, Melco Crown Entertainment, MGM Mirage, Planet Hollywood, Politics, Racinos, Regulation, Sheldon Adelson, Stanley Ho, Steve Wynn, Wall Street | 1 Comment

Earth to Adelson, Earth to Adelson …

Posted on December 21, 2009 by David McKee

Las Vegas Sands CEO Sheldon Adelson claims he can finish his two resuscitated Cotai Strip™ casinos (below) and build three more in the next five years. Let the record show that Adelson currently also has casinos in various states of … Continue reading →

Posted in CityCenter, Cordish Co., Current, Economy, Florida, International, Macau, Maryland, MGM Mirage, Movies, New York, Pennsylvania, Politics, Racinos, Regulation, Sheldon Adelson, Singapore, The Strip, Tribal | 2 Comments

Pelican State blues

Posted on December 15, 2009 by David McKee

November numbers are in for Louisiana and it’s the Pelican State’s worst gaming month in five quarters. Only the independent Eldorado Shreveport riverboat and Fair Grounds racino near New Orleans reported revenue growth. All major operators took it on the … Continue reading →

Posted in Boyd Gaming, Columbia Sussex, Harrah's, International, Isle of Capri, Louisiana, Maryland, Penn National, Pennsylvania, Pinnacle Entertainment, Politics, Racinos, Regulation | Comments Off on Pelican State blues

That’s a mouthful

Posted on December 11, 2009 by David McKee

To wit, the Wild Wild West is soon to be rebaptized as Days Inn – Las Vegas at Wild Wild West Gambling Hall. (Uff da!) Which kicks the prospect of “Viva” years further down the road. I mean, you know … Continue reading →

Posted in Colony Capital, Current, International, Maryland, Regulation, Station Casinos | 2 Comments

Case Bets: Aria, IGT, Maryland & Detroit

Posted on November 20, 2009 by David McKee

There was a small setback for Bally Technologies when it had to pull its iView DM systems software out of Aria. Seems MGM Mirage gave Bally a scant five days to get iView DM up, running and certified. Expect to … Continue reading →

Posted in Bally Technologies, CityCenter, Current, Detroit, Economy, IGT, Maryland, MGM Mirage, Regulation, Technology, Tribal | 2 Comments

“It’s a bargain hunter’s paradise”

Posted on November 4, 2009 by David McKee

So sayeth our own Anthony Curtis, toward the end of a superb MSNBC analysis of the impending impact of CityCenter. Other industry moguls, including Sheldon Adelson and Steve Wynn, take a cautious but hopeful view. Even the normally optimistic Bill … Continue reading →

Posted in CityCenter, Cordish Co., Economy, Kansas, Maryland, MGM Mirage, Penn National, Regulation, Sheldon Adelson, Steve Wynn, Tourism, TV, Wall Street | 2 Comments

They’re just wild about Harry

Posted on October 30, 2009 by David McKee

Despite his (at best) tepid standing with the Nevada electorate — whether the right or the left — Sen. Harry Reid (D) has almost every important name in the casino industry in his corner. Sheldon Adelson may yet choose to … Continue reading →

Posted in Archon Corp., Cordish Co., Economy, Election, Entertainment, Harrah's, Harry Reid, International, Macau, Maryland, MGM Mirage, Pennsylvania, Politics, Regulation, Sheldon Adelson, Singapore, Station Casinos, Steve Wynn, Taxes, TV, Wall Street | Comments Off on They’re just wild about Harry

Ohio slots slip sliding away?

Posted on October 19, 2009 by David McKee

A sample conducted by the tag team of TruthPac and Strategic Polling finds support for the Ohio casino initiative backed by Penn National Gaming polling below 50%. Casinos still have a slight edge (48%/43%, with 8% undecided) … so in … Continue reading →

Posted in Current, Election, Marketing, Maryland, Ohio, Racinos | Comments Off on Ohio slots slip sliding away?

Hope for Boardwalk?

Posted on October 13, 2009 by David McKee

As you know, S&G puts more stock in year/year comparisons than sequential ones, but the most recent set from Atlantic City affords a slender reed of hope. With the help of tighter slots, A.C. held its September decline to 6%, … Continue reading →

Posted in Atlantic City, Boyd Gaming, Carl Icahn, Colony Capital, Current, Economy, Harrah's, Marketing, Maryland, Neil Bluhm, New York, Pennsylvania, Regulation, Sheldon Adelson, Tourism, Tropicana Entertainment | Comments Off on Hope for Boardwalk?