Category Archives: MGM Mirage

Rumor du jour

Posted on July 7, 2016 by David McKee

Does imminent doom hover over Excalibur? An S&G source says MGM Resorts International is talking about imploding it and replacing it with a “higher-end resort.” The alleged motivation is to keep up with Steve Wynn and his Wynn Paradise Park … Continue reading →

Posted in Architecture, Dining, Entertainment, MGM Mirage, Steve Wynn, The Strip | 2 Comments

Riviera site to become a stadium?; Cordish, MGM face off in Maryland

Posted on June 28, 2016 by David McKee

It’s anything but certain that the [your city here] Raiders are coming to Las Vegas, but our civic leaders are moving ahead as though it were a done deal. The preferred site for a Las Vegas Sands-backed stadium, on Tropicana … Continue reading →

Posted in California, Cordish Co., Entertainment, Harrah's, International, Louisiana, LVCVA, Marketing, Maryland, MGM Mirage, Penn National, Politics, Riviera, Sheldon Adelson, Sports, The Strip, Tribal | 1 Comment

The meddlesome Adelson; Wynn Palace postponed again

Posted on June 27, 2016 by David McKee

“Essentially, Pechanga and its allies see no reason to compromise, even an inch,” wrote California Online Poker‘s Steve Ruddock of the intractable position of the Pechanga and Agua Caliente tribes, and their anti-PokerStars allies (who include Sheldon Adelson, meddling in … Continue reading →

Posted in Arkansas, California, Churchill Downs, Election, Foxwoods, Horseracing, Internet gambling, Louisiana, Macau, Marketing, Massachusetts, MGM Mirage, Mohegan Sun, Penn National, Politics, Regulation, Scientific Games, Sheldon Adelson, Steve Wynn, Taxes, Technology, Tribal, Wall Street | Comments Off on The meddlesome Adelson; Wynn Palace postponed again

Tipping point in Pennsylvania near; Cirque du NFL

Posted on June 23, 2016 by David McKee

“I think gaming expansion money in one form or another is necessary for this budget process to be complete,” spoke Pennsylvania House Majority Leader Dave Reed (R). With Gov. Tom Wolf (D, right) having given way on sales-tax and income-tax … Continue reading →

Posted in Cirque du Soleil, Economy, International, Internet gambling, Lawrence Ho, Macau, Marketing, Melco Crown Entertainment, MGM Mirage, Mississippi, Pennsylvania, Politics, Sheldon Adelson, Slot routes, Sports, Station Casinos, Steve Wynn, Taxes, The Strip, Wall Street | Comments Off on Tipping point in Pennsylvania near; Cirque du NFL

NHL makes it official; Isle opens new casino

Posted on June 23, 2016 by David McKee

Fortunately, it looks like we won’t have to worry about our NHL-franchise-to-be playing under a cliched name like “Las Vegas Gamblers.” Says majority owner Bill Foley, speaking of the league, “They’d prefer we don’t go in that direction.” Also, Foley seems … Continue reading →

Posted in Donald Trump, Election, Entertainment, Iowa, Isle of Capri, Maryland, MGM Mirage, New York, Rhode Island, Sports, The Mob, The Strip, Westgate LV | Comments Off on NHL makes it official; Isle opens new casino

Quote of the Day

Posted on June 21, 2016 by David McKee

  “It’s fun to see stuff get teared down, so …” — area resident Raiyanne Shepher, on the demolition prefacing construction of MGM Springfield.

Posted in Architecture, Massachusetts, MGM Mirage | Comments Off on Quote of the Day

Revel … still not open; Cautious hope for Internet gambling in Pennsylvania

Posted on June 20, 2016 by David McKee

  Glenn Straub‘s once-bold gambit to reopen Revel has turned into an embarrassing face-plant. Perhaps rushing to market in hopes of beating Bart Blatstein‘s Showboat to the hotel traffic, Straub announced a hasty revival of Revel as a casino-hotel without … Continue reading →

Posted in Architecture, Atlantic City, Dan Gilbert, Detroit, Environment, Glenn Straub, Internet gambling, MGM Mirage, Ohio, Pennsylvania, Politics, Regulation, Revel, Slot routes, Sports, Technology | 1 Comment

Louisiana gets hammered; Three states legalize DFS

Posted on June 20, 2016 by David McKee

As we’ve noted before, May was hard on Midwest casino operators, nowhere more so than in Louisiana, where gambling revenue was down 13%. This marks seven months of same-store decline for the Pelican State, an exceptional slump, with the usually … Continue reading →

Posted in Boyd Gaming, California, Churchill Downs, Colorado, Economy, Eldorado Resorts, GLPI, Golden Gaming, Harrah's, Internet gambling, Isle of Capri, Louisiana, MGM Mirage, Missouri, Nevada, New York, Pinnacle Entertainment, Regulation, Sports, The Strip, Tilman Fertitta, Tribal, Tropicana Entertainment, Wall Street | 2 Comments

Atlantic City goes to pot; MGM, Boyd, Pinnacle, Red Rock Resorts meet The Street

Posted on June 17, 2016 by David McKee

We’ve come a long way from the days of Reefer Madness. Latest case in point: Atlantic City, where Assemblyman Reed Gusciora (D) is pushing recreational “tea” as a cure to the city’s penurious condition. Weed would be legalized on the Boardwalk and … Continue reading →

Posted in Atlantic City, Boulder Strip, Boyd Gaming, Cannery Casino Resorts, CityCenter, Economy, Georgia, Glenn Straub, Harrah's, Illinois, Indiana, Internet gambling, Macau, Marketing, Maryland, MGM Mirage, Mississippi, Missouri, Palms, Pinnacle Entertainment, Politics, Reno, Scientific Games, Station Casinos, The Strip, Wall Street | Comments Off on Atlantic City goes to pot; MGM, Boyd, Pinnacle, Red Rock Resorts meet The Street

NHL picks Las Vegas; Borgata carries Atlantic City

Posted on June 14, 2016 by David McKee

It’s not been officially confirmed and it’s not a final decision, but The Associated Press is reporting that the NHL‘s executive committee has chosen Las Vegas businessman Bill Foley‘s proposal to create an expansion franchise in Sin City. In a … Continue reading →

Posted in Atlantic City, Boyd Gaming, Current, Harrah's, Internet gambling, MGM Mirage, Mohegan Sun, PokerStars, Sports, The Strip, Tilman Fertitta, Tropicana Entertainment, Wall Street | 1 Comment

Penn has big plans for Trop; DFS sites feel the heat

Posted on June 14, 2016 by David McKee

High rollers aren’t spending as much as they used to at Penn National Gaming casinos, reports JP Morgan analyst Joseph Greff, after meeting with CEO Tim Wilmott. Overall, Penn says its springtime revenues have been tracking with its expectations. Greff … Continue reading →

Posted in Atlantic City, California, Colorado, Dining, Economy, Election, Florida, Internet gambling, Isle of Capri, Marketing, Massachusetts, MGM Mirage, Penn National, Stanley Ho, Technology, The Strip, Tribal, Wall Street | 2 Comments

Straub forges ahead; Caesars bankruptcy stymied

Posted on June 8, 2016 by David McKee

Glenn Straub still doesn’t have a new name for Revel but that’s not stopping him from reopening the casino — and on schedule, too. He expects to have 40% of the casino floor operational within a week. Straub will reopen … Continue reading →

Posted in Atlantic City, Boyd Gaming, Dining, Entertainment, Glenn Straub, Harrah's, Marketing, Maryland, MGM Mirage, Regulation, Revel, The Strip, Unite-Here | Comments Off on Straub forges ahead; Caesars bankruptcy stymied

The end of an era; Aquinnah tribe beats the odds

Posted on June 7, 2016 by David McKee

Free parking on the Las Vegas Strip bit the dust yesterday, as MGM Resorts International starting charging for the privilege of using its casino-hotels, starting with Aria, Vdara, Monte Carlo and New York-New York. Today, parking fees hit the low-rollers … Continue reading →

Posted in Arizona, Columbia Sussex, Kentucky, Massachusetts, MGM Mirage, The Strip, Transportation, Tribal | 1 Comment

High-stakes legal challenge in Florida; Free-for-all in New York

Posted on June 7, 2016 by David McKee

A relatively obscure dispute in the Florida panhandle could have huge ramifications for the state’s casino industry. Four years ago, voters in Gadsden County approved slot machines for Gretna Racing, a joint venture of two Tallahassee lobbyists and the Poarch Bank … Continue reading →

Posted in Architecture, Atlantic City, Delaware, Economy, Election, Florida, Genting, Harrah's, Horseracing, Internet gambling, MGM Mirage, Nevada, New York, Politics, Racinos, Regulation, Seminole Tribe, Sheldon Adelson, The Strip | Comments Off on High-stakes legal challenge in Florida; Free-for-all in New York

Hard May in Illinois; Buyer found for F-blew?

Posted on June 7, 2016 by David McKee

Casino patrons in Illinois are spending a bit more these days but there were 8% fewer of them last month, leading to a 6% revenue decline, partly due to one fewer weekend this year. On an individual basis, casinos tended … Continue reading →

Posted in Boyd Gaming, Carl Icahn, Derek Stevens, Detroit, Downtown, Fontainebleau, GLPI, Harrah's, Illinois, MGM Mirage, Neil Bluhm, Penn National, Slot routes, Steve Wynn, The Strip, Transportation, Tropicana Entertainment, Wall Street | Comments Off on Hard May in Illinois; Buyer found for F-blew?

Atlantic City back on death watch?; Money problems at Moulin Rouge

Posted on June 3, 2016 by David McKee

Things are suddenly looking grim for Atlantic City: A new Monmouth University poll shows voters evenly divided on a referendum to end the Boardwalk’s monopoly on casino gambling, an erosion of public support for the resort city. Assessing the situation … Continue reading →

Posted in Atlantic City, Downtown, Economy, Election, Environment, Harrah's, Internet gambling, Macau, Massachusetts, MGM Mirage, Mohegan Sun, Penn National, Problem gambling, Regulation, Riviera, Steve Wynn, Tilman Fertitta, Trump Entertainment Resorts | Comments Off on Atlantic City back on death watch?; Money problems at Moulin Rouge

Quote of the Day

Posted on June 3, 2016 by David McKee

“I was a little bit embarrassed for them that they would perpetuate the notion that people sitting around in the suburbs of Las Vegas and Henderson and Boulder City are sitting around on Sunday afternoons saying, ‘I wish we had … Continue reading →

Posted in LVCVA, MGM Mirage, Sheldon Adelson, Sports | Comments Off on Quote of the Day

Monte Carlo, meet Park MGM; Wynn, Adelson, Barrack help Trump

Posted on June 3, 2016 by David McKee

In the end, MGM Resorts International CEO Jim Murren couldn’t decide between “The Park” and “The Park at MGM Grand” as the new name for Monte Carlo, so he dubbed it Park MGM, which sounds like someplace you leave your … Continue reading →

Posted in Charity, Colony Capital, Donald Trump, Entertainment, Environment, Harrah's, Massachusetts, MGM Mirage, Michael Gaughan, Sheldon Adelson, Sports, Station Casinos, Steve Wynn, The Strip, Transportation | Comments Off on Monte Carlo, meet Park MGM; Wynn, Adelson, Barrack help Trump

Raiders to Vegas? Don’t bet against it

Posted on June 2, 2016 by David McKee

The boulder that is Mark Davis‘ and Sheldon Adelson‘s attempt to move the [your city here] Raiders to Las Vegas is gaining momentum as it rumbles downhill. The growing support among NFL owners is not unconditional. Sin City would be one … Continue reading →

Posted in Architecture, Atlantic City, Carl Icahn, history, LVCVA, Macau, Massachusetts, MGM Mirage, Oklahoma, Sheldon Adelson, Sports, The Strip, Tourism, Tropicana Entertainment, Trump Entertainment Resorts, Unite-Here, Wall Street | Comments Off on Raiders to Vegas? Don’t bet against it

Quote of the Day

Posted on May 31, 2016 by David McKee

“In its simplest form, MGM bought $102 mm of EBITDA for ~$900 mm and sold $100 mm of EBITDA for $1.175 [billion]. Thus, simplistically, MGM’s share of Borgata EBITDA remains effectively the same, MGM takes over day to day management … Continue reading →

Posted in Atlantic City, Boyd Gaming, MGM Mirage, Wall Street | Comments Off on Quote of the Day