Category Archives: Missouri

Ameristar: No surprises; Illinois, Iowa and Ohio all soft

Posted on February 7, 2013 by David McKee

A preview of Ameristar Casinos‘ 4Q12 report draws an about-what-we-expected reaction from Joseph Greff of J.P. Morgan. Ameristar narrowly missed most of Wall Street‘s expectations, a result Greff partially attributes to “sluggish … regional gaming spend.” Hardest-hit by the competition … Continue reading →

Posted in Boyd Gaming, Colorado, Current, Detroit, Economy, Harrah's, Illinois, Iowa, Isle of Capri, Kansas, MGM Mirage, Mississippi, Missouri, MTR Gaming, Neil Bluhm, Ohio, Penn National, Pinnacle Entertainment | Comments Off

Caesars: Cui bono?; Loveman woos Britney

Posted on February 6, 2013 by David McKee

Our question for the day is, “Who benefits?” Taking the long view of Caesars Entertainment to bundle a mixed bag of Planet Hollywood, its-casino-to-be in Baltimore and Caesars Interactive, in whose interest is it to purchase minority stakes, since CEO … Continue reading →

Posted in Boyd Gaming, Cirque du Soleil, CityCenter, Cosmopolitan, Current, Dan Gilbert, Entertainment, Harrah's, International, Internet gambling, Kansas, Louisiana, Maryland, MGM Mirage, Missouri, Ohio, Penn National, Planet Hollywood, Steve Wynn, Taxes, The Strip, Wall Street | 1 Comment

Trouble for riverboat gambling?

Posted on January 15, 2013 by David McKee

Sorry to sound apocalyptic, especially since we just dodged that Mayan Calendar bullet. However, a brand-new Supreme Court ruling is sure to get the attention of every company that owns a riverboat casino. By a 7-2 margin, the high court … Continue reading →

Posted in Current, Florida, Mississippi, Missouri, Pinnacle Entertainment, Regulation, Taxes | 2 Comments

CityCenter’s clearance sale; Ameristar’s secret admirer

Posted on December 27, 2012 by David McKee

After a long, abyssal plunge, Las Vegas‘ real estate market has bottomed out — or so knowledgeable people tell me. Seems that the banks ’round here ignored Mitt Romney‘s (bad) advice to dump the “shadow inventory” en masse into the … Continue reading →

Posted in Ameristar, CityCenter, Current, Donald Trump, Economy, Election, Harrah's, Illinois, Louisiana, Massachusetts, MGM Mirage, Missouri, Penn National, Pinnacle Entertainment, Sheldon Adelson, The Strip, Wall Street | Comments Off

PNK piquing little interest; B.S. walks

Posted on December 26, 2012 by David McKee

‘Twas the day after Christmas and all through the house, shareholders were beginning to cool on the value of Ameristar Casinos stock. It closed ever so slightly down from Pinnacle Entertainment‘s $26.50/share offer price. Perhaps I was wrong and $869 … Continue reading →

Posted in Ameristar, Boyd Gaming, California, Current, Goldman Sachs, Hard Rock Hotel, Harrah's, Illinois, Isle of Capri, Louisiana, Missouri, Penn National, Pinnacle Entertainment, Plaza, Regulation, Sahara, Sheldon Adelson, Sports, The Strip, Wall Street, Warner Gaming | 1 Comment

Pinnacle punks Penn, swipes Ameristar

Posted on December 21, 2012 by David McKee

We’ve learned two important things today. One, that the Mayan calendar is not the most reliable predictor of events. Two, that Ameristar Casinos‘ on-again/off-again talk about putting itself up for sale was back in “on” mode. Before hardly anybody got … Continue reading →

Posted in Ameristar, Atlantic City, Boyd Gaming, Columbia Sussex, Cordish Co., Current, Dan Lee, Economy, Election, Goldman Sachs, Harrah's, Indiana, Iowa, Kansas, Louisiana, Maryland, Massachusetts, MGM Mirage, Mississippi, Missouri, Penn National, Pennsylvania, Pinnacle Entertainment, Politics, Racinos, Regulation, Sheldon Adelson, Steve Wynn, Taxes, Texas, Wall Street | 1 Comment

Missouri: Penn vs. Penn; Pinnacle debacle deepens

Posted on November 13, 2012 by David McKee

This just in: It’s another winning strategy from those gaming-industry masterminds at Colony Capital. God forbid you’re playing at the Atlantic Club and work up an appetite. Or did Tom Barrack hear about “Stiff of the Year” and wants to … Continue reading →

Posted in Ameristar, Atlantic City, Colony Capital, Colorado, Dining, Economy, Election, Genting, Harrah's, Illinois, International, Isle of Capri, Kansas, Marketing, Maryland, Missouri, Movies, Penn National, Pinnacle Entertainment, Regulation, Sheldon Adelson, Singapore, The Strip, Tourism, Wall Street | 2 Comments

Betting on our future; Wretched excess in Maryland; Penn perseveres

Posted on November 6, 2012 by David McKee

While the voters have not yet spoken (although they’re getting an early start here), the betting markets are feeling less restraint. While the amount wagered online on the results of today’s presidential election — $16 million, according to one source … Continue reading →

Posted in Architecture, Cordish Co., Current, Election, Harrah's, Illinois, International, Internet gambling, Iowa, Marketing, Maryland, MGM Mirage, Missouri, Penn National, Politics, Tribal | Comments Off

Third-quarter blahs: Ameristar, Boyd, MGM; Crackdown in Alabama

Posted on November 2, 2012 by David McKee

While nobody quite matched the $221 million loss posted by Caesars Entertainment, the gaming industry didn’t lack for underachievers in 3Q12, thanks largely to softness in domestic casino markets. Ameristar Casinos reported a $16 million profit, despite a 2% revenue … Continue reading →

Posted in Alabama, Ameristar, Atlantic City, Boyd Gaming, CityCenter, Colorado, Current, Detroit, Downtown, Environment, Harrah's, Hawaii, Illinois, Iowa, Kansas, Louisiana, Macau, Marketing, Massachusetts, MGM Mirage, Mississippi, Missouri, Ohio, Penn National, Steve Wynn, The Strip | Comments Off

Have you seen this man?; Bluhm comes to Beantown

Posted on November 1, 2012 by David McKee

Anyone remember Gov. Steve Beshear (D)? For the five years, he’s been spinning his wheels, trying to get gambling expanded in Kentucky past horse racing. When Beshear ran for reelection last year, his GOP opponent, then-state Senate President David Williams … Continue reading →

Posted in Current, Illinois, Isle of Capri, Kentucky, Macau, Massachusetts, Missouri, Neil Bluhm, Politics, Racinos, Regulation, Tribal | Comments Off

Aliante: Alone again, naturally

Posted on October 30, 2012 by David McKee

After a year as a management-only company, Station Casinos is departing the soon-to-be-former (effective Nov. 1) Aliante Station and taking its brand with it. To celebrate the occasion, Virgen Inc. PR firm busted out every font in its computer (really, … Continue reading →

Posted in Ameristar, Economy, Isle of Capri, Marketing, Missouri, North Las Vegas, Pinnacle Entertainment, Station Casinos, Wall Street | 1 Comment

Zynga counterattacks; Fail, Caesar; Adelson honored

Posted on October 25, 2012 by David McKee

If the Stalin organs of the Zynga PR battery had fallen silent, it was only to reload. As predicted yesterday, Zynga is regrouping around Internet gambling as its new strategy of choice. Zynga unleashed “announced an exclusive partnership [with Bwin.party] … Continue reading →

Posted in Architecture, Atlantic City, Boyd Gaming, Dan Lee, Donald Trump, Harrah's, International, Internet gambling, Maryland, MGM Mirage, Missouri, New York, Ohio, Pinnacle Entertainment, Politics, Revel, Sheldon Adelson, Steve Wynn, The Strip, Transportation, Tribal | 1 Comment

Pinnacle saves September in Louisiana; Echelon under wraps; The red-headed stepkids of Station, Sands and Caesars

Posted on October 18, 2012 by David McKee

Folks down in the Pelican State had better things to do than gamble last month … like clean up after Hurricane Isaac. This might account for a 5% year/year decline in casino revenues. Louisiana‘s gambling venues grossed $200 million last … Continue reading →

Posted in Boyd Gaming, CityCenter, Current, Economy, Entertainment, Florida, Harrah's, Isle of Capri, Louisiana, Marketing, MGM Mirage, Missouri, Pennsylvania, Pinnacle Entertainment, Politics, Racinos, Regulation, Sheldon Adelson, Station Casinos, Taxes, The Strip, Tourism, Transportation, Wall Street | Comments Off

Revenue roundup: Ohio, Maryland, Missouri & Indiana; Mohegan Sun snow job

Posted on October 11, 2012 by David McKee

Let’s start with the new kid on the block … Ohio: September saw Ohio‘s two casinos and one racino rake in an aggregate $50 million. The ‘novelty factor’ has waned, along with vacation time, since June’s $58 million haul, but … Continue reading →

Posted in Ameristar, Atlantic City, Boyd Gaming, Cordish Co., Current, Dan Gilbert, Don Barden, Economy, Election, Harrah's, Illinois, Indiana, Isle of Capri, Kansas, Maryland, Massachusetts, Missouri, MTR Gaming, Ohio, Penn National, Pennsylvania, Pinnacle Entertainment, Racinos, Taxes, Tribal, Tropicana Entertainment, Wall Street, West Virginia | 2 Comments

And Columbus makes three …

Posted on October 9, 2012 by David McKee

Fittingly, Penn National Gaming chose Columbus Day to open its newest casino, in the Ohio city that bears the name of the man who didn’t quite discover America in 1492. With 3,000 slots and 100 tables, it’s loaded for bear. … Continue reading →

Posted in Architecture, Current, Dan Gilbert, Dining, Economy, Harrah's, Indiana, M Resort, Missouri, MTR Gaming, Ohio, Penn National, Racinos, Station Casinos, Taxes, Technology, The Strip, TV, Wall Street | 3 Comments

Illinois: Cause for optimism?

Posted on October 5, 2012 by David McKee

Late last month, Bally Technologies landed a massive order of 4,000+ video poker terminals — VGTs in industry parlance — in Illinois. Y’all remember slot routes in the Land of Lincoln? They’ve taken so long to be put into place … Continue reading →

Posted in Bally Technologies, Boyd Gaming, Current, Harrah's, Illinois, Missouri, Neil Bluhm, Penn National, Politics, Slot routes | Comments Off

Freudian slip and fall; Loveman’s shabby show

Posted on October 3, 2012 by David McKee

One week after he became S&G‘s Casino Owner of the Year for his “george” treatment of Green Bay Packer fans, Derek Stevens stepped on a PR banana peel. His Golden Gate and The D casinos are holding monthly drawings whose … Continue reading →

Posted in Boyd Gaming, Current, Derek Stevens, Downtown, Harrah's, International, Internet gambling, Macau, Marketing, Maryland, Massachusetts, Missouri, Ohio, Sports, The Strip, Wall Street | 6 Comments

Isle knows how to sell it; “Gamming” at the Cosmo

Posted on June 28, 2012 by David McKee

If you’ve been watching casino-preview videos for the last dozen years, you’ve become inured to all the usual tropes, including the de rigeur, 3-D flyby and the glowing executive testimonials. Give Isle of Capri Casinos credit for realizing that the … Continue reading →

Posted in Cosmopolitan, Current, Entertainment, Isle of Capri, Marketing, Missouri, Technology, The Strip | 2 Comments

Everything’s coming up Penn

Posted on June 15, 2012 by David McKee

As befits a proud papa, Penn National Gaming has been showing Wall Street analysts around its newest offspring: Hollywood Casino Toledo. The metrics are pretty awe-inspiring. Already the customer database is approaching 50,000 players and 47% of all slot play … Continue reading →

Posted in Ameristar, Current, Dan Lee, Detroit, Don Barden, Harrah's, Illinois, Indiana, International, Isle of Capri, Kansas, Marketing, Maryland, Massachusetts, MGM Mirage, Missouri, MTR Gaming, Neil Bluhm, Penn National, Pennsylvania, Pinnacle Entertainment, Racinos, Regulation, Sheldon Adelson, Tribal | 3 Comments

Case Bets: Sands, Caesars, Boyd, MGM & Wynn

Posted on May 24, 2012 by David McKee

After blowing a half-million dollars on lobbying in Massachusetts, cantankerous casino owner Sheldon Adelson took his ball and went home, as reported earlier. Las Vegas Sands‘ rather weak excuse: “[Boston] didn’t synch up with our business model.” Sands fails to … Continue reading →

Posted in Boyd Gaming, Columbia Sussex, Current, Economy, Horseracing, International, Louisiana, Macau, Marketing, Maryland, Massachusetts, MGM Mirage, Missouri, New York, Pennsylvania, Racinos, Regulation, Sheldon Adelson, Steve Wynn, The Strip, Wall Street | 1 Comment