Category Archives: New York

Swings and roundabouts in Louisiana; Sexual harassment in Las Vegas

Posted on November 17, 2017 by David McKee

Now that S&G has been informed that it’s Louisiana that is the Bayou State, let’s take a look at how its casinos did last month. Overall, they dropped 2% for a $198 million gross. The headline item has to be … Continue reading →

Posted in Boyd Gaming, Churchill Downs, Harrah's, history, Isle of Capri, Louisiana, New York, Penn National, Pinnacle Entertainment, Racinos, Tilman Fertitta, Tropicana Entertainment, Westgate LV | Comments Off on Swings and roundabouts in Louisiana; Sexual harassment in Las Vegas

N.Y. struggles continue; Sweet deal for Mount Airy

Posted on November 16, 2017 by David McKee

For Rivers Casino & Resort in Schenectady, the good news is that it’s turned a derelict locomotive plant into a shiny, new, $330 million gambling hall and that it’s spurred development of the nearby Mohawk Harbor residential community. The bad … Continue reading →

Posted in Economy, history, Macau, Mississippi, Neil Bluhm, New York, Penn National, Pennsylvania, Politics, Tourism | 2 Comments

Tax change roils industry; Head rolls at Rivers Schenectady

Posted on November 14, 2017 by David McKee

Tax legislation currently before Congress has the gaming industry, well, not up in arms but decidedly concerned. The House of Representatives version would close some loopholes for deductibility of interest on growth investments. Rather than take up its argument with the … Continue reading →

Posted in Charity, Genting, Geoff Freeman, Neil Bluhm, New York, Politics, Taxes | Comments Off on Tax change roils industry; Head rolls at Rivers Schenectady

Quote of the Day

Posted on November 8, 2017 by David McKee

“When our state passed legislation to expand gaming, our decision was based on projections of robust revenues, and promises that casino development would not place new burdens on taxpayers. The last few months, however, have called into question those projections and … Continue reading →

Posted in Economy, New York, Politics | Comments Off on Quote of the Day

Quote of the Day

Posted on November 3, 2017 by David McKee

“Given the experience in other states, where casino revenues have been lower than expected, the state will need to use caution.” — New York State Comptroller Thomas DiNapoli, in a cautionary, 2014 memo to Empire State legislators. Did the solons … Continue reading →

Posted in New York, Taxes | 1 Comment

Pretlow tackles NY casinos; Zinke paralyzes Connecticut casino

Posted on November 2, 2017 by David McKee

Fearing a plea for tax breaks from New York State‘s three new, underperforming casinos, Assemblyman Gary Pretlow (D) has asked the state auditor to look into why they failed to meet their revenue projections. “It is critically important that we have … Continue reading →

Posted in Economy, Foxwoods, MGM Mirage, Mohegan Sun, New York, Politics, Regulation, Tribal | Comments Off on Pretlow tackles NY casinos; Zinke paralyzes Connecticut casino

Tally-ho, friends!; NY State casinos cry uncle

Posted on October 30, 2017 by David McKee

As Sigma Derby games at MGM Grand and The D continue to eke out a perilous existence, getting by on spare parts cannibalized from other machines, they have a new rival. Konami Gaming has taken note of the enduring popularity … Continue reading →

Posted in Baseball, Derek Stevens, Dining, Economy, Genting, IGT, International, Jeff Guard, Macau, MGM Mirage, New York, Sports, Taxes, Technology, Tourism, TV | 1 Comment

Adelson’s construction boom; Make theirs Manhattan

Posted on October 26, 2017 by David McKee

Las Vegas Sands still can’t be bothered to finish its St. Regis stump on the Strip, but it’s spending capex dollars like there’s no tomorrow in Macao. Sands will throw $700 million into redoing Sands Cotai Central as The Londoner, … Continue reading →

Posted in Architecture, Culinary Union, Genting, Law enforcement, Macau, Mandalay Bay Massacre, MGM Mirage, New York, Politics, Sheldon Adelson, Singapore, The Strip, Wall Street | Comments Off on Adelson’s construction boom; Make theirs Manhattan

Smooth talk in Bridgeport; Sands Bethlehem for sale (again)?

Posted on October 25, 2017 by David McKee

“Sharp dressed, smooth talker” Uri Clinton met with Bridgeport residents in an effort to convince them that MGM Resorts International has their best interests at heart in its pursuit of Bridgeport as a casino site. Perhaps naively, Clinton hopes that … Continue reading →

Posted in Atlantic City, Downtown Grand, Economy, Foxwoods, Geoff Freeman, Glenn Straub, Internet gambling, MGM Mirage, Mohegan Sun, New York, Pennsylvania, Problem gambling, Regulation, Revel, Sheldon Adelson, Taxes, Tribal, Wall Street | Comments Off on Smooth talk in Bridgeport; Sands Bethlehem for sale (again)?

It’s about time; Pols attack Atlantic City

Posted on October 24, 2017 by David McKee

Twelve years after Hurricane Katrina, Midwest and Bible Belt states still require casinos to be built on the water. Exceptions have been made for casinos on Mississippi‘s Gulf Coast and one of Mike Pence‘s latter acts as governor of Indiana … Continue reading →

Posted in Architecture, Atlantic City, Election, history, Indiana, Louisiana, Mandalay Bay Massacre, MGM Mirage, New York, Pinnacle Entertainment, Politics, Sports, Tropicana Entertainment | Comments Off on It’s about time; Pols attack Atlantic City

Clean slate at Caesars; Heresy at G2E; Another Revel mystery

Posted on October 9, 2017 by David McKee

“Twenty-five years ago Caesars [Entertainment] was the premier name internationally but they dropped the ball,” said C.G. Anderson Partners analyst Greg Bousquette of the company that must find a way to become relevant after spending years snarled in debt, then in … Continue reading →

Posted in Atlantic City, Colorado, Economy, Entertainment, G2E, Glenn Straub, Harrah's, Iowa, Japan, Macau, Mandalay Bay Massacre, Neil Bluhm, New York, Pennsylvania, Regulation, Revel, Singapore, South Korea, Technology, The Strip, Wall Street | Comments Off on Clean slate at Caesars; Heresy at G2E; Another Revel mystery

Cuomo’s overreach; Penn punts on Trop upgrade

Posted on October 5, 2017 by David McKee

Genting needs to get worried, very worried about over budgeted Resorts World Catskills. New casinos promoted in upstate New York by Gov. Andrew Cuomo (D) are grossly underperforming. The three already in operation need an incredible 4Q17 to make good on … Continue reading →

Posted in Boyd Gaming, California, Dining, Economy, Genting, Mandalay Bay Massacre, Neil Bluhm, New York, Penn National, Racinos, Taxes, The Strip, Tourism, Tribal, Wall Street | Comments Off on Cuomo’s overreach; Penn punts on Trop upgrade

Wynn takes the lead

Posted on October 4, 2017 by David McKee

Steve Wynn has always been a trendsetter in Las Vegas and we hope his decision to equip his security force with handheld metal detectors is another move the rest of the industry will follow. “Las Vegas is a target city. … Continue reading →

Posted in Boyd Gaming, Entertainment, Florida, G2E, Genting, Harrah's, Law enforcement, Macau, Mandalay Bay Massacre, Massachusetts, MGM Mirage, New York, Philippines, Steve Wynn, Wall Street | 1 Comment

MGM gets potty-mouthed; New York casino flops

Posted on September 22, 2017 by David McKee

MGM Resorts International‘s casinos-without-gaming new ad campaign is playing to divided opinions. For instance, the company has 100,000 square feet of gaming at Bellagio but you won’t spot so much as a pair of dice in the ad, yet MGM … Continue reading →

Posted in Cirque du Soleil, CityCenter, Genting, International, Lawrence Ho, Marijuana, Marketing, MGM Mirage, Neil Bluhm, New York, Philippines, Politics, Sports, Tribal, TV | 2 Comments

Eldorado: Small is beautiful; Fire sale in the Philippines

Posted on September 14, 2017 by David McKee

Eldorado Resorts CEO Tom Reeg just had a sit-down with Joseph Greff and his JP Morgan colleagues, and clued them into Eldorado’s plans. “We came away encouraged by management’s upbeat tone and positive commentary on Reno trends … and long-term plan … Continue reading →

Posted in Colorado, Dining, Economy, Eldorado Resorts, Florida, Harrah's, Indiana, Isle of Capri, Kazuo Okada, Louisiana, Marketing, Melco Resorts & Entertainment, New York, Philippines, Regulation, Reno, Steve Wynn, Taxes, Tribal, Wall Street | Comments Off on Eldorado: Small is beautiful; Fire sale in the Philippines

Quote of the Day

Posted on September 12, 2017 by David McKee

“40 Wall Street actually was the second-tallest building in downtown Manhattan, and it was actually, before the World Trade Center, was the tallest—and then, when they built the World Trade Center, it became known as the second-tallest. And now it’s … Continue reading →

Posted in Donald Trump, history, New York | Comments Off on Quote of the Day

Kansas Crossing struggles; Their indecision is final

Posted on August 29, 2017 by David McKee

Here’s a man-bites-dog story to start your day. Kansas Crossing casino is shortening hours and reducing payroll. Apparently four casinos is one too many for the Sunflower State. Although expected to rake in $3 million a month, the casino has … Continue reading →

Posted in Architecture, Genting, Internet gambling, Kansas, New York, Pennsylvania, Politics, Slot routes, Taxes | 1 Comment

How Conor McGregor is like Donald Trump & other news

Posted on August 23, 2017 by David McKee

Not since the election of Donald Trump have oddsmakers been poised to take such a shellacking as at this weekend’s showdown between tomato cans Floyd Mayweather Jr. and boxing debutante Conor McGregor. Despite Mayweather’s proven track record, sports books have … Continue reading →

Posted in Atlantic City, George Maloof, Harrah's, Internet gambling, MGM Mirage, Michael Gaughan, New York, PokerStars, Sports, Steve Wynn, Taxes, Technology, The Strip, Tilman Fertitta, Tribal, Westgate LV | Comments Off on How Conor McGregor is like Donald Trump & other news

Cuomo’s experiment disappoints; Caesars sweet on Japan

Posted on August 14, 2017 by David McKee

Whatever marketing studies drove the conclusion that upper New York State was ripe for gambling expansion have proven to be have been seriously off the mark. Gov. Andrew Cuomo‘s three-casino addition to upstate gaming options are disappointing Albany with their … Continue reading →

Posted in Cordish Co., Genting, Greenwood Racing, Harrah's, Japan, Marketing, MGM Mirage, Neil Bluhm, New York, Pennsylvania, Regulation, Sheldon Adelson, Taxes, Technology, The Strip, Tourism, TV, Vietnam | 1 Comment

Case bets

Posted on August 4, 2017 by David McKee

After loudly proclaiming that it wasn’t going down the Internet– gambling path, MGM Resorts International has quietly reversed field and is opening a New Jersey Web site called playMGM. (To be fair, the company also inherited a flourishing ‘Net-bet operation … Continue reading →

Posted in Animals, Columbia Sussex, Florida, Genting, Internet gambling, Lawrence Ho, Macau, Melco Crown Entertainment, MGM Mirage, Mississippi, New York, Racinos, Regulation | Comments Off on Case bets