Category Archives: Missouri

Mixed signals along the rivers

Posted on May 11, 2010 by David McKee

Last month’s results from Missouri are as might be expected. The opening of Pinnacle Entertainment‘s River City lifted state revenues overall (6%) but at the price of a fair amount of cannibalization — mainly at other Pinnacle properties, although it … Continue reading →

Posted in Ameristar, Boyd Gaming, Columbia Sussex, Cordish Co., Detroit, Economy, Harrah's, Illinois, Indiana, Missouri, Penn National, Pinnacle Entertainment, Tribal, Tropicana Entertainment, Wall Street | Comments Off on Mixed signals along the rivers

Illinois’ results are good, Sands’ are better

Posted on May 7, 2010 by David McKee

Praise be! Casino revenues in Illinois were actually flat (+0.5%) last month. It’s mainly a consequence of Penn National‘s Empress Joliet being back in the fray, raking in $40 million. (You’ll recall that, a year ago, its pavilion was but … Continue reading →

Posted in Current, Economy, Harrah's, Macau, MGM Mirage, Missouri, Penn National, Pennsylvania, Pinnacle Entertainment, Regulation, Sheldon Adelson, Singapore, The Strip | Comments Off on Illinois’ results are good, Sands’ are better

Quote of the Day

Posted on April 30, 2010 by David McKee

“It is certainly time that we openly recognize that when a limited number of gambling licenses are up for bid, the winners will be the applicants who promise the state the most money, in upfront fees, massive construction projects and … Continue reading →

Posted in Economy, Isle of Capri, Louisiana, Missouri, Pinnacle Entertainment, Regulation | Comments Off on Quote of the Day

Case Bets: St. Louis, Florida & antiques

Posted on April 15, 2010 by David McKee

It was the best of times … almost. Pinnacle Entertainment‘s opening of River City not only propelled a 9% increase in casino revenue in the St. Louis market, it gave the area “its busiest month ever.” While River City’s $15.9 … Continue reading →

Posted in Ameristar, Boyd Gaming, Current, Economy, Entertainment, Harrah's, Missouri, Pinnacle Entertainment, Politics, Reno, Sheldon Adelson, Tribal, Wall Street | 2 Comments

Betting on Adelson

Posted on April 13, 2010 by David McKee

Analysts at J.P. Morgan are downright bullish on Las Vegas Sands, raising their stock price target by over 25% (to $29/share). Their ebullience is motivated in large part by expectations for Marina Bay Sands, which they estimate will garner 55% … Continue reading →

Posted in Ameristar, CityCenter, Economy, Indiana, Kansas, Lyle Berman, Macau, MGM Mirage, Missouri, Pinnacle Entertainment, Sheldon Adelson, Singapore, Steve Wynn, The Strip, Tourism, Tribal, Wall Street | 1 Comment

Case Bets: Pinnacle’s new CEO; Mr. Bit

Posted on March 15, 2010 by David McKee

S&G congratulates Anthony Sanfilippo, new president and COO of Pinnacle Entertainment. A former regional overseer for Harrah’s Entertainment (prexy of its Central and Western divisions), he’s familiar with the ground on which Pinnacle’s battles will be fought, including Lousiana, Missouri … Continue reading →

Posted in Animals, Current, Harrah's, Indiana, Louisiana, Missouri, Pets, Pinnacle Entertainment | 2 Comments

Rocky Mountain Low

Posted on March 10, 2010 by David McKee

The Great Recession continues to weed out the sick and the lame of the casino industry. As with Missouri‘s loss-limit repeal, similar measures in Colorado (detailed above) came along too late in the game. There’s only so much state governments … Continue reading →

Posted in Colorado, Current, Economy, Missouri, Regulation | Comments Off on Rocky Mountain Low

From one Isle to another

Posted on March 8, 2010 by David McKee

Let’s start the week with a salute to a company that’s doing the right thing. Between its Florida and Missouri operations, Isle of Capri Casinos employs some 170 citizens of Haiti. Their salaries go to support family members on the … Continue reading →

Posted in Charity, Current, Environment, Florida, Harrah's, International, Isle of Capri, Missouri, Movies, TV | 2 Comments

“The worst riverboat casino in the world”

Posted on February 23, 2010 by David McKee

That’d be the President, symbolic flagship of Pinnacle Entertainment‘s fleet. The St. Louis Post-Dispatch has an excellent story, laying out the complexities surrounding the Missouri Gaming Commission‘s legally dubious move to shut the old ship down. There are no heroes … Continue reading →

Posted in Atlantic City, Columbia Sussex, Current, Missouri, Pinnacle Entertainment, Politics, Regulation | 4 Comments

President-ial politics

Posted on February 12, 2010 by David McKee

You know January was bad in St. Louis when the lowly President‘s $2 million take was the only revenue increase in the area. While the Harrah’s Entertainment/Ameristar Casinos pair of Maryland Heights riverboats continues to dominate the market with a … Continue reading →

Posted in Ameristar, Current, Harrah's, Missouri, Pinnacle Entertainment, Regulation, Taxes | Comments Off on President-ial politics

Back to normal

Posted on January 12, 2010 by David McKee

For starters, let’s just write off 2006-7 as an aberration. While dancing in the streets is premature, Nevada‘s casino revenues from November ($873 million) at least give us an excuse to breathe a sigh of relief — especially when other … Continue reading →

Posted in Atlantic City, Boulder Strip, Current, Downtown, Economy, Harrah's, Illinois, Indiana, Lake Tahoe, Missouri, North Las Vegas, The Strip, Wall Street | 1 Comment

Case Bets: Pinnacle, Macao, Sahara & Mirage

Posted on December 15, 2009 by David McKee

No trouble in River City: The opening of Pinnacle Entertainment‘s River City casino complex has leapt forward from May to March. Bully for Pinnacle, if this means that the project is going to be finished ahead of schedule. If this … Continue reading →

Posted in Architecture, CityCenter, Current, Dining, Economy, Entertainment, Herbst Gaming, Louisiana, Macau, Marketing, MGM Mirage, Missouri, Pinnacle Entertainment, Sahara, Sheldon Adelson, Stanley Ho, The Strip | 4 Comments

Rumpus @ The Rio, Vdara & other Case Bets

Posted on December 10, 2009 by David McKee

It’s shaping up to be a news-intensive day — and I have off-site commitments that will keep me away from the keyboard, but let’s see what we can cram in … “The kiss that rocked The Rio”: The steamy scene … Continue reading →

Posted in Charity, CityCenter, Current, Dining, Donald Trump, Economy, Entertainment, G2E, Harrah's, IGT, MGM Mirage, Missouri, Phil Ruffin, Sheldon Adelson, Steve Wynn, Technology, The Strip, Tourism, Tribal, TV | 6 Comments

Wall Street hearts Penn

Posted on December 9, 2009 by David McKee

Table games having been approved for Charles Town Races & Slots by a 60/40 margin, stock analysts are lurving Penn National Gaming … so long as Penn’s infatuation with Fontainebleau turns out to have been a passing malady. While those … Continue reading →

Posted in Current, Election, Fontainebleau, Harrah's, Kansas, Missouri, Ohio, Penn National, Pinnacle Entertainment, Regulation, The Strip, Wall Street | 5 Comments

Trouble in River City

Posted on November 9, 2009 by David McKee

In a shocking development that’s bound to set tongues a-wagging, Pinnacle Entertainment CEO Dan Lee has “resigned to pursue other business interests” (industry-speak for “Don’t let the doorknob hit you in the butt”). The buzz is that Pinnacle’s strategy was … Continue reading →

Posted in Atlantic City, Boyd Gaming, Columbia Sussex, Current, Economy, Fontainebleau, Harrah's, Louisiana, Missouri, Pinnacle Entertainment, Planet Hollywood, Politics, Regulation, Station Casinos | 8 Comments

Much ado about something?

Posted on November 5, 2009 by David McKee

Vive le Roi! After much coy hugger-mugger, Cirque du Soleil has just announced the name of its Aria show is … wait for it, people … Viva Elvis. (I cannot decide if the uninspired logo, which looks like a Ronco … Continue reading →

Posted in Cirque du Soleil, CityCenter, Current, Encore, Entertainment, Harrah's, Missouri, Pinnacle Entertainment, Regulation, Steve Wynn, The Strip | 1 Comment

Case Bets: CityCenter, Boyd odyssey, Massachusetts & the “Admiral”

Posted on November 2, 2009 by David McKee

There’s continued apprehension about MGM Mirage‘s $8.5 billion, 7,200-unit CityCenter, especially now that hotel rooms there are going for less than ones at either the Venetian or Encore. (Thinking positively: Who knew CityCenter was going to be so affordable?) Business … Continue reading →

Posted in Architecture, Boyd Gaming, CityCenter, Current, Economy, Encore, Harrah's, Kansas, Massachusetts, MGM Mirage, Missouri, Ohio, Pennsylvania, Pinnacle Entertainment, Sheldon Adelson, The Strip, Tourism, Wall Street | 8 Comments

Case Bets: Pinnacle, Pennsylvania, Harrah’s & Sands

Posted on October 30, 2009 by David McKee

Third quarter at PNK: 3Q09 numbers are out for Pinnacle Entertainment and the comparisons cover the spectrum from very good (Lumiere Place up 19%), good (+5% at L’Auberge du Lac) and lousy (-13% aboard Boomtown New Orleans). Once a free-spending … Continue reading →

Posted in Ameristar, Atlantic City, Current, Detroit, Economy, Harrah's, Louisiana, Macau, Marketing, Missouri, Pennsylvania, Pinnacle Entertainment, Problem gambling, Sheldon Adelson, Taxes, Tribal, Wall Street | 2 Comments

MGM: CityCenter worth $4.88 billion

Posted on October 20, 2009 by David McKee

MGM Mirage has announced that it's writing off approximately $1.3 billion (i.e., taking an "impairment charge") against CityCenter, with $348 million of that chalked up to falling real estate values. (Some $174 million of that will apparently be fobbed off … Continue reading →

Posted in CityCenter, Columbia Sussex, Current, Economy, Kansas, MGM Mirage, Missouri, Neil Bluhm, Penn National, Pennsylvania, Pinnacle Entertainment, Politics, Regulation, Taxes, Tourism, Transportation, Wall Street | Comments Off on MGM: CityCenter worth $4.88 billion

Pinnacle meets karma

Posted on August 27, 2009 by David McKee

Plans by Pinnacle Entertainment to move its President riverboat upriver just hit a big snag. Taking the view that the President’s license is portable, Pinnacle hoped to use either the vessel itself or the license to jimmy open a new … Continue reading →

Posted in Ameristar, Cordish Co., Florida, Kansas, Missouri, Penn National, Pinnacle Entertainment, Regulation, Sheldon Adelson, Tribal | Comments Off on Pinnacle meets karma