Category Archives: Missouri

The Great Riverboat Robbery revisited; Wynncore Manila?

Posted on September 28, 2011 by David McKee

Under fire for the low property valuations it placed on Pinnacle Entertainment‘s River City and Caesars Entertainment‘s Harrah’s Maryland Heights, the St. Louis County Board of Equalization backpedaled … sorta. They accepted County Assessor Jake Zimmerman‘s increased valuation for soon-to-expand … Continue reading →

Posted in Ameristar, Current, Detroit, Downtown, Economy, G2E, Harrah's, International, Marketing, Missouri, Pinnacle Entertainment, Steve Wynn, Tamares Group, Taxes, Wall Street | Comments Off on The Great Riverboat Robbery revisited; Wynncore Manila?

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

No trouble in River City; Phasing out Trump

Posted on September 12, 2011 by David McKee

Breaking out of its recent abundance of caution, Pinnacle Entertainment has announced $82 million in upgrades for River City. The expansion will incorporate 1,700 new parking spaces, a hotel tower (200 rooms) and 10,000 square feet of meeting space. Shovels … Continue reading →

Posted in Atlantic City, Current, Donald Trump, Economy, Missouri, Pennsylvania, Pinnacle Entertainment, Regulation, Wall Street | 1 Comment

Case Bets: Station, Isle, Cosmo, Loveman & the horsey set

Posted on August 16, 2011 by David McKee

Revenue growth accelerated at Station Casinos in 2Q11, with cash flow up 8.5% (compared to +4% for the year so far). Keeping room rates steady at an average of $71 appears to have boosted occupancy, up from 81% to an … Continue reading →

Posted in Ameristar, Cosmopolitan, Current, Dining, Economy, Entertainment, Harrah's, Horseracing, Internet gambling, Isle of Capri, Marketing, Missouri, Penn National, Pokergeddon, Politics, Racinos, The Strip | 1 Comment

ACH-ooo!; The Admiral’s last voyage

Posted on July 1, 2011 by David McKee

For the second time in a week, Hilton Hotels & Resorts has stripped its name from a Colony Capital casino-hotel. First to go was the Las Vegas Hilton, to be known next year as [your logo here]. Today comes news … Continue reading →

Posted in Atlantic City, California, Colony Capital, Columbia Sussex, Current, Dennis Gomes, Economy, Harrah's, history, Macau, MGM Mirage, Missouri, Pinnacle Entertainment, Regulation, Sheldon Adelson, Station Casinos, Steve Wynn, The Strip, Tourism, Tribal, Wall Street | 1 Comment

Lies, damned lies and smoking

Posted on June 28, 2011 by David McKee

Although Illinois‘ casino industry has fallen and can’t get up, the state’s smoking ban has nothing to do with it. Nada! That’s the contention of a study out of Washington University (my brother’s alma mater), which says that players “never … Continue reading →

Posted in Current, Economy, Environment, Harrah's, Illinois, Indiana, Iowa, Missouri, Neil Bluhm, Penn National, Racinos, Regulation, Tribal | 3 Comments

Illinois: Optimism or suicide?

Posted on June 24, 2011 by David McKee

It doesn’t matter to state Rep. Lou Lang (D, right) that Illinois‘ casino revenues are puny compared to those of neighboring Indiana or that St. Louis-area players are defecting in droves. He wants racinos and more casinos, by golly, and … Continue reading →

Posted in Architecture, Boyd Gaming, Current, Economy, Entertainment, Harrah's, Illinois, Indiana, Internet gambling, James Packer, Lawrence Ho, Macau, Melco Crown Entertainment, MGM Mirage, Mississippi, Missouri, Neil Bluhm, Pennsylvania, Politics, Racinos, Regulation, Sheldon Adelson, Taxes, Texas, Tribal | 2 Comments

Illinois’ suicide pact; Donald Trump, freeloader

Posted on May 31, 2011 by David McKee

Whether you spent Memorial Day grilling some bratwurst or, like me, crawling around with Murphy’s Oil Soap and a cleaning cloth, we did no harm. That can’t be said for the Illinois House of Representatives, which opened a can of … Continue reading →

Posted in Bally Technologies, Current, Donald Trump, Economy, Horseracing, IGT, Illinois, Indiana, Iowa, Missouri, Penn National, Politics, Racinos, Regulation, Slot routes, Taxes, The Strip, WMS Industries | 3 Comments

Atlantic City on the mend; Trump: Fish or cut bait?; Mike Ensign’s woes

Posted on May 25, 2011 by David McKee

My apologies for attenuated bloggery today but a swarm of deadlines presses upon me, including coverage of the demise of 104-year-old Huguette Clark, daughter of Sen. William A. Clark, from whom Clark County takes its name. You’ll find a lengthy … Continue reading →

Posted in Alex Yemenidjian, Architecture, Atlantic City, Boyd Gaming, Carl Icahn, Charity, CityCenter, Colony Capital, Current, Dan Lee, Dennis Gomes, Donald Trump, Downtown, Economy, Election, Environment, Harrah's, history, Isle of Capri, Marketing, MGM Mirage, Missouri, Penn National, Pinnacle Entertainment, Planet Hollywood, Regulation, Sheldon Adelson, Steve Wynn, The Strip, Tilman Fertitta, Wall Street | 4 Comments

Has Illinois finally bottomed out? Trop shakeup; Big markdown on Trump

Posted on May 6, 2011 by David McKee

Sorry to disappoint, but we won’t have the answer until June–August, three straight months with the same number of weekend days as last year. By that point we’ll know whether April‘s 2% increase was the beginning of a trend. Last … Continue reading →

Posted in Atlantic City, Boyd Gaming, Carl Icahn, Colony Capital, Columbia Sussex, Current, Donald Trump, Economy, Entertainment, Environment, George Maloof, Harrah's, Illinois, Indiana, Maryland, MGM Mirage, Missouri, Penn National, Phil Ruffin, Steve Wynn, The Strip, Tropicana Entertainment | 3 Comments

Old wine, new bottles

Posted on March 16, 2011 by David McKee

“[W]e’re not selling a shoe or a bottle of water. We’re selling an experience,” says Isle of Capri Casinos Vice President of Brand Marketing — and friend of S&G — Julia Carcamo (left). Those words should be engraved on certain … Continue reading →

Posted in Current, Dining, Economy, Harrah's, Isle of Capri, Marketing, Missouri, Morgans Hotel Group, Sahara, Steve Wynn, The Strip | 2 Comments

Wynn hearts Pinnacle; Harrah’s demands aesthetic restraint

Posted on March 9, 2011 by David McKee

Now that former Mirage Resorts CFO Dan Lee is long gone from Pinnacle Entertainment, too, former Lee boss Steve Wynn seems to have changed his opinion about Pinnacle. While I (erroneously) thought that Pinnacle CEO Anthony Sanfilippo‘s erstwhile ties to … Continue reading →

Posted in Architecture, Atlantic City, Current, Dan Lee, Harrah's, Indiana, Internet gambling, Isle of Capri, Louisiana, Marketing, Missouri, Penn National, Pinnacle Entertainment, Planet Hollywood, Regulation, Steve Wynn, The Strip, Tourism, Wall Street | 1 Comment

Power shift at Ameristar

Posted on February 28, 2011 by David McKee

No longer will the Craig H. Neilsen Foundation be calling the shots at Ameristar Casinos. The financial needs of the nonprofit have led Ameristar Chairman Ray Neilsen to liquidate 83% of the foundation’s stake in ASCA for an above-market $17.50. … Continue reading →

Posted in Ameristar, Boyd Gaming, Harrah's, Indiana, Kansas, Marketing, Missouri, Penn National, Planet Hollywood, The Strip, Transportation, Wall Street | 4 Comments

Dan Lee’s revenge & comeuppance for Penn in Louisiana

Posted on February 17, 2011 by David McKee

While the casino industry suffers no shortage of big egos, Penn National Gaming CEO Peter Carlino zooms past that, heading full speed toward arrogance. When not trying to use the political process to sandbag its competitors, Penn occasionally builds casinos. … Continue reading →

Posted in Atlantic City, Current, Dan Lee, Economy, Kansas, Louisiana, M Resort, Missouri, Ohio, Penn National, Pinnacle Entertainment, Regulation, Texas, Wall Street | 9 Comments

Upsizing Illinois

Posted on January 7, 2011 by David McKee

Or would “capsizing” be the right word? Late Thursday, Wells Fargo released a study of the effects on Illinois‘ casino market if a massive expansion backed by state Democrats goes through. They’re under the gun, since the whole issue gets … Continue reading →

Posted in Bally Technologies, Boyd Gaming, Current, Don Barden, Economy, Harrah's, IGT, Illinois, Indiana, Mississippi, Missouri, Neil Bluhm, Penn National, Pinnacle Entertainment, Politics, Racinos, Regulation, Wall Street, WMS Industries | 6 Comments

Illinois: No end in sight; Boyd gets some love

Posted on December 7, 2010 by David McKee

“So much for a [gross gaming revenue] stabilization,” sighed analyst Joseph Greff in a J.P. Morgan investor note, after Illinois‘ casino revenues dropped 7% in November. Whenever you think the Land of Lincoln’s casinos have hit bottom, they sink lower … Continue reading →

Posted in Boulder Strip, Boyd Gaming, Current, Downtown, Economy, Harrah's, Illinois, Isle of Capri, MGM Mirage, Missouri, Penn National, Pinnacle Entertainment, Politics, Taxes | 3 Comments

Quote of the Day

Posted on December 2, 2010 by David McKee

“My heart is absolutely broken. I cried this morning, but that’s over.” — Cape Girardeau casino opponent Doug Austin, taking yesterday’s decision by the Missouri Gaming Commission in favor of Isle of Capri Casinos a little too much to heart. … Continue reading →

Posted in Current, Isle of Capri, Missouri | Comments Off on Quote of the Day

Isle’s comeback continues; What’s in a Mystic?

Posted on December 1, 2010 by David McKee

Congratulations to Isle of Capri Casinos, winner of Missouri‘s 13th and final casino license. This morning, the Missouri Gaming Commission voted in favor of Isle’s $125 million Cape Girardeau project. Although all rival projects were budgeted higher, favorite-son Isle’s standing … Continue reading →

Posted in Ameristar, Boulder Strip, CityCenter, Current, Dubai, Economy, Isle of Capri, MGM Mirage, Minnesota, Missouri, Penn National, Pinnacle Entertainment, Regulation, Sheldon Adelson, Steve Wynn, The Strip, Tourism, Tribal, Tropicana Entertainment | 3 Comments

Steve Wynn & the Half-Blood Princes; Harrah’s thinks ahead; rough road for Revel

Posted on November 9, 2010 by David McKee

Count Wynn Las Vegas President Andrew Pascal among the casualties of Steve Wynn‘s divorce from ex-wife Elaine Wynn. As of Monday, former nephew-in-law Pascal joined the ranks of Nevada‘s unemployed, ceding authority to Marilyn Winn. Pun opportunities aside, Winn’s sudden … Continue reading →

Posted in Atlantic City, California, Current, Economy, Entertainment, Environment, George Maloof, Harrah's, Indiana, Macau, Missouri, Movies, Regulation, Station Casinos, Steve Wynn, The Strip, Tribal, Wall Street | 4 Comments

Iowa is flat

Posted on November 4, 2010 by David McKee

Actually it’s not, if you’ve lived there (as I did for four wonderful years). However, Iowa‘s casino industry is, down one-tenth of a percent from October 2009. Actually, nine of the 17 non-tribal casinos recorded revenue increases, particularly the small … Continue reading →

Posted in Ameristar, Colorado, Cordish Co., Current, Economy, Election, Harrah's, Horseracing, Illinois, Indiana, Iowa, Isle of Capri, Laughlin, Maryland, Missouri, Penn National, Pinnacle Entertainment, Racinos, Steve Wynn, The Strip, Wall Street | 1 Comment