Category Archives: New York

Quote of the Day

Posted on November 1, 2019 by David McKee

“Good riddance. It’s not like Mr. Trump paid taxes here anyway.”—New York State Gov. Andrew Cuomo (D), reacting to the news that Donald Trump is moving to Florida to take advantage of its lack of state income tax.

Posted in Current, Donald Trump, Florida, New York, Taxes | Comments Off

MGM: Everything must go

Posted on October 31, 2019 by David McKee

MGM Resorts International reported 3Q19 results and they were good enough to make the lion roar. Macao contributed $738 million, a 22% surge reflecting the ramp-up of MGM Cotai surely with $80 million in revenue. Also, CityCenter may be sucking … Continue reading →

Posted in Atlantic City, Caesars Entertainment, CityCenter, Detroit, Eldorado Resorts, Golden Gaming, Macau, Maryland, Massachusetts, Melco Resorts & Entertainment, MGM Resorts International, New York, Ohio, Philippines, Sports, Sports betting, The Strip | Comments Off

Air guitar; Forgiveness urged for Steve Wynn

Posted on October 28, 2019 by David McKee

The much-anticipated opening of Hard Rock International‘s guitar-shaped hotel-casino in Hollywood, Florida, drew celebrities from Hollywood, California (Johnny Depp), as well as ones who would attend the opening of an eyelid (Kim Kardashian). Hard Rock hopes to recreate the iconic … Continue reading →

Posted in Architecture, Australia, Baseball, Boyd Gaming, Caesars Entertainment, Churchill Downs, Cosmopolitan, Florida, Genting, Hard Rock International, Hooters, Illinois, International, Japan, Massachusetts, MGM Resorts International, Mississippi, Nevada, New York, Politics, Regulation, Rush Street Gaming, Scott Butera, Sexual misconduct, Sports, Sports betting, Steve Wynn, Taxes, The Strip, Tribal, Wynn Resorts | 1 Comment

State of 888

Posted on October 25, 2019 by David McKee

Recently we sat down with Yaniv Sherman, senior vice president for business development at 888.com. The following are some outtakes from our conversation. How is your sponsorship of the New York Jets doing and will we see similar partnerships in … Continue reading →

Posted in Internet gambling, New York, Problem gambling, Sports, Sports betting, TV | Comments Off

$6 million man; Tribal troubles

Posted on October 21, 2019 by David McKee

Las Vegas Sands can’t stay out of court. Marina Bay Sands is being sued by a Chinese gambler who says $6.6 million of his money was moved out of his account and disbursed to other individuals he didn’t know in … Continue reading →

Posted in Entertainment, Florida, Hard Rock International, Las Vegas Sands, Law enforcement, New York, Singapore, The Strip, Tribal | Comments Off

Suncoast for sale?; Downtown, Trump Int’l stuck in 20th century

Posted on October 10, 2019 by David McKee

In a cryptic real estate listing, LoopNet has Suncoast emblazoned across the top of its splash page. However, the company says “This listing is not currently being advertised on LoopNet.com” So what the Sam Hill is it doing there? Is … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, Connecticut, Donald Trump, Downtown, Foxwoods, Las Vegas Sands, MGM Resorts International, Mohegan Sun, New York, Real Estate, Resort fees, Taxes, Technology, The Strip, Tilman Fertitta, Tribal | 2 Comments

Bad news all around

Posted on October 9, 2019 by David McKee

Oyo, owner of the former Hooters Casino Hotel, is trying to get out of debt by … incurring more debt. The company raised $2 billion in debt last summer, including a $700 million infusion from company founder Ritesh Agarwal. Oyo’s strategy … Continue reading →

Posted in China, Colorado, Hooters, International, Internet gambling, Law enforcement, New York, Problem gambling, Sexual misconduct, Station Casinos, Tribal, Wall Street, Washington State | Comments Off

Rio sold; Best casinos named

Posted on September 23, 2019 by David McKee

Despite rumors that Caesars Entertainment has sworn off trying to sell The Rio (again), it turns out that the Roman Empire was still shopping the resort. It’s been tentatively sold to “a principal of Imperial Companies” for $516 million. If … Continue reading →

Posted in Alex Meruelo, Atlantic City, Caesars Entertainment, California, Cosmopolitan, Derek Stevens, Dining, Downtown, Eldorado Resorts, Entertainment, Foxwoods, Genting, Golden Gaming, Hard Rock International, Las Vegas Sands, Louisiana, Marketing, Massachusetts, Mississippi, Mohegan Sun, New York, Ocean Resort, Penn National, Reno, Station Casinos, The Strip, Tilman Fertitta, Tribal, TV, World Series of Poker, Wynn Resorts | 1 Comment

Slow News Day, The Sequel

Posted on September 18, 2019 by David McKee

Both Kevin Hart and The Cosmopolitan of Las Vegas are being sued over a sex tape of Hart doing the nasty with actress Monita Sabbag was uploaded onto the Internet. (When in doubt about making a sex tape, don’t.) Hart … Continue reading →

Posted in Cosmopolitan, Genting, Iowa, Mississippi, New York, Oklahoma, Reno, Sexual misconduct, Sports, Sports betting, Transportation, Tribal | Comments Off

Squeezed in Schenectady; Seminoles step up

Posted on September 10, 2019 by David McKee

One of the goofs New York State made when authorizing upstate casinos was not to establish a level playing field of taxation. Rivers Casino Schenectady is hardest hit, paying 45% on its slot revenues and it’s finally decided to ask … Continue reading →

Posted in Charity, Economy, Las Vegas Sands, Lawrence Ho, Marketing, Melco Resorts & Entertainment, MGM Resorts International, New York, Rush Street Gaming, Seminole Tribe, Sheldon Adelson, Singapore, Taxes, The Strip | Comments Off

Terrorism at Trump; Police blotter

Posted on September 5, 2019 by David McKee

Trump International finally made it back into the news, although not in a good way. WSOP player Kenneth Strauss was arrested there on July 27 after allegedly tweeting terroristic threats, among other malfeasances. Strauss’ reign of error began at Red … Continue reading →

Posted in Baseball, Donald Trump, Florida, Genting, Internet gambling, Japan, Las Vegas Sands, Law enforcement, MGM Resorts International, New York, Ohio, Philippines, Sports betting, Station Casinos, The Strip, Vietnam, Wall Street, World Series of Poker | 1 Comment

This just in …

Posted on September 4, 2019 by David McKee

Osaka and Tokyo are the world’s fourth- and seventh-most livable cities according to the Economist Intelligence Unit. (Tops is Vienna.) This is great news for casino companies like Las Vegas Sands and MGM Resorts International that want to set up … Continue reading →

Posted in Canada, Economy, International, Japan, Las Vegas Sands, MGM Resorts International, New York, Singapore | Comments Off

Tilman’s lucky break; Del Lago sold

Posted on August 30, 2019 by David McKee

Atlantic City‘s Golden Nugget has been on the outside of NBA betting, looking in. But that may change if Gov. Phil Murphy (D) signs what might be called the ‘Tilman Fertitta Act.’ It would allow the Nugget to take bets … Continue reading →

Posted in Atlantic City, Economy, Internet gambling, New Jersey, New York, Philippines, Politics, Sports betting, Tilman Fertitta | Comments Off

Sports betting vexed in Massachusetts; Start spreading the news, they’re leaving today—and how!

Posted on August 30, 2019 by David McKee

Don’t expect sports betting in Massachusetts: Not now, maybe never. Why? Two words: Rhode Island. That state counted on $23 million in tax revenue from sports wagers—a ludicrous figure—and got $2 million. Bay State lawmakers are not only sobered by the … Continue reading →

Posted in Arizona, Connecticut, Economy, Environment, Florida, Las Vegas Raiders, Massachusetts, MGM Resorts International, Nevada, New York, Politics, Problem gambling, Rhode Island, Sports, Sports betting | Comments Off

A Majestic idea; MGM’s Springfield angst

Posted on August 28, 2019 by David McKee

Anyone remember the Greek Isles? Anybody want to? Like a phoenix rising from the ashes, the Greek Isles site will midwife the $850 million Majestic Las Vegas, designed by Paul Steelman after the style of Paul Revere Williams. It will have … Continue reading →

Posted in Architecture, Arizona, Caesars Entertainment, CityCenter, Connecticut, Dining, Economy, Foxwoods, LVCVA, Massachusetts, MGM Resorts International, Mohegan Sun, New York, Security, Technology, The Strip, Transportation, Wynn Resorts | 1 Comment

Massachusetts: Isn’t that special?

Posted on August 26, 2019 by David McKee

Although the Boston Globe gets a bit overheated about Tom O’Connell aspirations for a Region C casino they don’t get it wrong when they say O’Connell and associates “want to rewrite the rule book to suit their needs.” That means, … Continue reading →

Posted in Colorado, Hooters, Horseracing, Macau, Massachusetts, Melco Resorts & Entertainment, MGM Resorts International, Mississippi, Neil Bluhm, New York, Oregon, Paragon Gaming, Penn National, Pennsylvania, Regulation, Rush Street Gaming, Sociedade de Jogos de Macau, Sports betting, Station Casinos, Technology, Tribal, Wynn Resorts | Comments Off

What if they built a megaresort and nobody came?

Posted on August 20, 2019 by David McKee

Resorts World Catskills made it into the New York Times and not in a good way. A feature story focused on the $1.2 billion megaresort’s financial difficulties, caused in part by nine-figure loans. Empire Resorts says the casino does not … Continue reading →

Posted in Caesars Entertainment, Cambodia, CityCenter, Genting, Internet gambling, Massachusetts, MGM Resorts International, Neil Bluhm, New York, Penn National, Politics, Racinos, Regulation, Rush Street Gaming, Steve Wynn, Taxes, The Strip, Tribal | 2 Comments

Gaming and its discontents

Posted on August 19, 2019 by David McKee

Iowa, Nebraska and Council Bluffs continue to have their collective ass kicked in court by the Ponca Tribe of Nebraska. The latest drubbing occurred in federal district court. The plaintiffs filed motions arguing that, since Judge Stephanie Rose had asked … Continue reading →

Posted in Cambodia, Connecticut, Cordish Co., Foxwoods, Genting, Iowa, Las Vegas Sands, Macau, MGM Resorts International, Mohegan Sun, Money laundering, Nebraska, New York, Penn National, Pennsylvania, Politics, Sheldon Adelson, Sports, Sports betting, Tourism, Transportation, Tribal, Wall Street | 2 Comments

Eldorado’s Caesars gamble; Chicago casino not welcomed

Posted on July 29, 2019 by David McKee

For those of you who are beginning to have misgivings about the Eldorado Resorts takeover of Caesars Entertainment, add The Motley Fool‘s Travis Hoium. The latter is almost never wrong, so we pay attention when he writes that “The final … Continue reading →

Posted in Caesars Entertainment, Economy, Eldorado Resorts, Genting, Illinois, New York, Politics, Wall Street | 2 Comments

Strip buoys MGM, Sands

Posted on July 26, 2019 by David McKee

According to JP Morgan analyst Joseph Greff, second-quarter results for MGM Resorts International “were better than (very subdued) investor expectations” on the Strip and in line with anticipation about Macao. Despite weak baccarat volumes in Las Vegas, the company performed “marginally … Continue reading →

Posted in Caesars Entertainment, Detroit, Eldorado Resorts, Harrah's, Las Vegas Sands, Macau, Maryland, Massachusetts, Melco Resorts & Entertainment, MGM Resorts International, Mississippi, New York, Pennsylvania, Singapore, The Strip, Tribal, Wall Street, Wynn Resorts | 1 Comment