Category Archives: MGM Mirage

ColSux: They’re outta here!; Accord in Motown; Murren changes course

Posted on October 20, 2011 by David McKee

Those last few remnants of Columbia Sussex CEO William J. Yung‘s former casino empire continue to topple about him. The Kentucky-based oligarch, whose properties are notorious for their poor working conditions and even worse maintenance, has been reaping a gargantuan … Continue reading →

Posted in Atlantic City, Columbia Sussex, Culinary Union, Dan Lee, Detroit, Donald Trump, Economy, Environment, G2E, Harrah's, International, Lake Las Vegas, Lake Tahoe, Louisiana, Marketing, MGM Mirage, Pets, Pinnacle Entertainment, Politics, Sports, Texas, The Strip, Tropicana Entertainment | Comments Off on ColSux: They’re outta here!; Accord in Motown; Murren changes course

MSM tunes Steve Wynn out

Posted on October 20, 2011 by David McKee

Has Steve Wynn jumped the shark? That is a question I never, ever thought I’d be asking. But an interesting thing happened in the wake of Winn Wynn Resorts‘ most recent conference call. Toward the end, he went on his … Continue reading →

Posted in Boyd Gaming, California, Carl Icahn, Current, Donald Trump, Economy, Florida, Harrah's, history, Illinois, International, Massachusetts, MGM Mirage, Plaza, Politics, Racinos, Regulation, Sheldon Adelson, The Strip, Tourism, Wall Street | 5 Comments

Big ‘boing’ in Pennsylvania; Labor strife in Detroit

Posted on October 18, 2011 by David McKee

Casino revenues last month in Pennsylvania must have been riding a pogo stick — up 13% from last year. That includes a 39% moonshot in table revenues. Leaders include Sands Bethlehem (22%, right), while Penn National‘s eponymous racino must be … Continue reading →

Posted in Cannery Casino Resorts, Current, Detroit, Economy, Genting, Harrah's, Indiana, International, Louisiana, MGM Mirage, Neil Bluhm, New York, Ohio, Penn National, Pennsylvania, Pinnacle Entertainment, Racinos, Sheldon Adelson, Sports, Taxes | Comments Off on Big ‘boing’ in Pennsylvania; Labor strife in Detroit

Quote of the Day

Posted on October 18, 2011 by David McKee

“You can’t fight the tape.” — MGM Resorts International CEO James Murren, on the futility of reasoning with the stock market, at Global Gaming Expo last week.

Posted in G2E, MGM Mirage, Wall Street | Comments Off on Quote of the Day

Quote of the Day

Posted on October 4, 2011 by David McKee

“Ferries don’t come to Macao during a typhoon but they don’t leave either.” — Deutsche Bank gaming analyst Carlo Santarelli, endeavoring to calm investor fears of “a broader slowdown in China” — anxieties that have driven MGM Resorts International, Las … Continue reading →

Posted in Economy, James Packer, Lawrence Ho, Melco Crown Entertainment, MGM Mirage, Sheldon Adelson, Steve Wynn, Wall Street | Comments Off on Quote of the Day

Siegfried & Roy’s House of Horrors

Posted on October 3, 2011 by David McKee

Today is the eighth anniversary of that fateful night when a tiger named Montecore went postal on illusionist Roy Uwe Ludwig Horn, dropping a permanent curtain to the performing entity known as Siegfried & Roy™. Unwitting premonitions of Horn’s career-ending … Continue reading →

Posted in Current, Entertainment, history, MGM Mirage, Movies, Steve Wynn, The Strip | 1 Comment

Station stirrings

Posted on September 30, 2011 by David McKee

It looks as though Station Casinos and Manhattan-based developer Fisher Bros. are trying to put back together some of the pieces of their Humpty Dumpty megaproject along I-15. As you recall, the duo had acquired a swath of land (assembled … Continue reading →

Posted in Animals, Archon Corp., Current, Economy, Entertainment, MGM Mirage, Station Casinos, The Strip | 1 Comment

“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

G2E 2011: No big deal?

Posted on September 27, 2011 by David McKee

I’ve been debating whether or not to give Global Gaming Expo a pass this year and this morning’s dispatch from Deutsche Bank‘s Carlo Santarelli didn’t exactly quicken my pulse. His prediction? A “quiet” G2E, due to slow growth in the … Continue reading →

Posted in CityCenter, Current, Economy, G2E, International, Internet gambling, James Packer, Lawrence Ho, Macau, Marketing, Melco Crown Entertainment, MGM Mirage, Regulation, Sheldon Adelson, Stanley Ho, Steve Wynn, Tourism, Wall Street | Comments Off on G2E 2011: No big deal?

Caesars’ big Asian bet; Playing with yourself in Vegas

Posted on September 23, 2011 by David McKee

It’s amazing what you can do when you simply punt your debt burden a few years down the road. In the case of Caesars Entertainment, it means you’ve got an extra $470 million lying around to build Caesars Palace Longmu … Continue reading →

Posted in Alex Yemenidjian, Architecture, Current, Election, Harrah's, International, Internet gambling, M Resort, Macau, Marketing, MGM Mirage, Movies, Penn National, Regulation, Sheldon Adelson, Tamares Group, Taxes, Technology, Warner Gaming | Comments Off on Caesars’ big Asian bet; Playing with yourself in Vegas

Coming attractions

Posted on September 22, 2011 by David McKee

Yes, there’s all manner of excitement and intrigue going on in the gaming world — like Las Vegas Sands issuing a dividend to shareholders — but I’ve not had much time for the S&G beat. With everyone at LVA HQ … Continue reading →

Posted in Dining, Downtown, Economy, Entertainment, Harrah's, history, MGM Mirage, Sahara, Sheldon Adelson, Tamares Group, The Strip, Tourism, Wall Street | Comments Off on Coming attractions

The great riverboat robbery; Pusateri’s revenge; Gaming’s top 12

Posted on September 21, 2011 by David McKee

Increased funding for education is always the big selling point whenever gambling laws in Missouri are liberalized. This week, schools are finding out what sort of Indian givers their casino benefactors are. Schools are among the public services that stand … Continue reading →

Posted in Ameristar, Bally Technologies, Boyd Gaming, Current, George Maloof, Harrah's, IGT, Isle of Capri, Macau, MGM Mirage, Missouri, Morgans Hotel Group, Penn National, Pinnacle Entertainment, Regulation, Sheldon Adelson, Steve Wynn, Taxes, The Strip, Tourism, Wall Street, Warner Gaming, WMS Industries | 3 Comments

A Stern glance

Posted on September 19, 2011 by David McKee

Posthumous congratulations to Martin Stern Jr. (1917-2001), father of the vertically integrated casino resort. He will be the recipient of the annual Jay Sarno Award at this year’s Global Gaming Expo. The choice of Stern has been such a closely … Continue reading →

Posted in Architecture, Colony Capital, Cosmopolitan, Current, G2E, Harrah's, MGM Mirage, Sahara | Comments Off on A Stern glance

Boardwalk brinkmanship

Posted on September 13, 2011 by David McKee

As the hours tick away toward this week’s expiration of labor agreements at nine Atlantic City casinos, managements are all but daring Culinary Union parent Unite Here to strike. Caesars Entertainment had the brass to declare it was continuing “to … Continue reading →

Posted in Atlantic City, Boyd Gaming, Colony Capital, Culinary Union, Current, Dennis Gomes, Detroit, Economy, Harrah's, International, Internet gambling, Marketing, MGM Mirage, Neil Bluhm, Pennsylvania, Racinos, Regulation | 2 Comments

Wishful Thinking 101

Posted on September 12, 2011 by David McKee

Do you ever have the feeling that CityCenter isn’t getting its message across? Incidentally, leave your cursor on the Harmon wrap for a moment and you’ll get an amusing — but wholly accidental — bit of snark from Cosmopolitan PR’s … Continue reading →

Posted in CityCenter, Cosmopolitan, Entertainment, Marketing, MGM Mirage, The Strip | 3 Comments

How to get things done in Macao? Bribery!

Posted on September 12, 2011 by David McKee

OK, so it’s called “paying a premium,” but Steve Wynn finally pried 51 acres of Cotai Strip™ landfill real estate loose from Macao by forking over $193 million ($3.8 million an acre), plus annual lease payments. In return. he’s got … Continue reading →

Posted in Current, Election, Florida, Genting, International, Internet gambling, James Packer, Lawrence Ho, Macau, Melco Crown Entertainment, MGM Mirage, Politics, Racinos, Regulation, Sheldon Adelson, Stanley Ho, Steve Wynn, Tribal, Wall Street | Comments Off on How to get things done in Macao? Bribery!

Who says irony is dead?

Posted on September 9, 2011 by David McKee

Las Vegas Review-Journal newshound Norm(!) Clarke reports that, in January, the Nevada Ballet Theater‘s annual honoree will be … wait for it … Eva Longoria. What a concept: Fail miserably at business, get an award! S&G looks forward to future … Continue reading →

Posted in Charity, CityCenter, Colony Capital, Cosmopolitan, Fontainebleau, James Packer, Lyle Berman, MGM Mirage, Morgans Hotel Group, Sports | Comments Off on Who says irony is dead?

After the deluge

Posted on September 6, 2011 by David McKee

Although it cost casino owners a couple of days’ business, the remnants of Tropical Storm Lee inflicted scarcely any damage compared to Hurricane Katrina. (Safety measures taken in post-Katrina years helped.) Since the Louisiana casino market has been in an … Continue reading →

Posted in Current, Economy, Environment, Louisiana, MGM Mirage, Mississippi, Tourism, Transportation | 1 Comment

What’s there to do in Las Vegas? Plus, Adelson screws the pooch again

Posted on September 2, 2011 by David McKee

Besides gambling? Why, I’m so glad you asked. As I point out in the new issue of Desert Companion (available in Planet Hollywood‘s Desert Passage Miracle Mile shopping mall and other places that host Coffee Bean & Tea Leaf franchises), … Continue reading →

Posted in Current, Dining, Downtown, Entertainment, Goldman Sachs, Harrah's, MGM Mirage, Phil Ruffin, Planet Hollywood, Sheldon Adelson, Station Casinos, Steve Wynn, The Strip | 2 Comments

Caruso sings, Lerner hallucinates

Posted on August 29, 2011 by David McKee

Since I had one foot out the door en route to Albany when Caesars Entertainment held its Rick Caruso-led media blitz on Project Linq, I’m a bit late to the party. Some of my early reactions can be heard on … Continue reading →

Posted in Architecture, Boyd Gaming, Carl Icahn, CityCenter, Colony Capital, Current, Dining, Downtown, Economy, Entertainment, Fontainebleau, Harrah's, MGM Mirage, Sahara, Station Casinos, The Strip, Tourism, Transportation, Wall Street | 3 Comments