Category Archives: Ohio

A tale of two Penns

Posted on November 16, 2012 by David McKee

Update: Seeking Alpha’s Brad Thomas has run the numbers on the Penn split and doesn’t like the risk/reward scenario. Fifteen years and many consolidations ago, the casino industry was seized by a brain fever. It was set off by the … Continue reading →

Posted in Ameristar, Colorado, Cordish Co., Harrah's, history, Indiana, International, Kansas, Louisiana, Maine, Maryland, MGM Mirage, Ohio, Pennsylvania, Racinos, Regulation, Riviera, Sheldon Adelson, Station Casinos, Steve Wynn, Taxes, Texas, The Strip, Tribal, Wall Street | 2 Comments

D, Trop try something different; Cannibalization comes to Ohio

Posted on November 12, 2012 by David McKee

Nothing says ‘November in Las Vegas‘ quite like a beach club. Yes, after unending delays, Nov. 16 is the date certain for the opening of Bagatelle Beach & Supper Club. If Bagatelle does, as promised, deliver “afternoons that transport guests … Continue reading →

Posted in Alex Yemenidjian, Current, Dan Gilbert, Derek Stevens, Downtown, Economy, Entertainment, Harrah's, Marketing, MTR Gaming, Ohio, Penn National, Racinos, The Strip | Comments Off

Pinnacle’s Vietnamese quagmire; Caesars’ South American pullback

Posted on November 12, 2012 by David McKee

Last Friday, Pinnacle Entertainment tiptoed out with a little bombshell that may have detonated into your e-mail or stock portfolio. In brief: Vietnam‘s planned Ho Tram Strip casino resort is in deep shit. As a 26% owner of the project, … Continue reading →

Posted in Architecture, Current, Dan Gilbert, Harrah's, International, Marketing, Maryland, MGM Mirage, Ohio, Pinnacle Entertainment, Wall Street | 1 Comment

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

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

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

Hail, Bill’s!; Trump slump; Back in the fold

Posted on October 10, 2012 by David McKee

In a typically ludicrous Gary Loveman brainstorm, Bill’s Gamblin’ Hall & Saloon is to become — wait for it — Caesars Drai’s. (Yeah, ‘WTF?’ and all that.) Although you’d have to be either masochistic or insane to loan money to … Continue reading →

Posted in Alex Yemenidjian, Architecture, Current, Detroit, Donald Trump, Florida, Harrah's, Illinois, International, Marketing, Maryland, Massachusetts, MGM Mirage, Ohio, Pennsylvania, Station Casinos, Steve Wynn, The Strip, Tilman Fertitta, Tourism, Wall Street | Comments Off

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

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

Sunny summer in Pennsylvania; Stanley Ho seen!

Posted on September 18, 2012 by David McKee

Except for a 4% slippage in July, the motto around Pennsylvania might be, “Cannibalization? What cannibalization?” The Keystone State has shrugged off new competition from Ohio, from New York City, from Revel in Atlantic City, and even from within the … Continue reading →

Posted in Atlantic City, Current, Dan Gilbert, Harrah's, Macau, Neil Bluhm, New York, Ohio, Penn National, Pennsylvania, Racinos, Regulation, Revel, Sheldon Adelson, Stanley Ho, Tribal, Wall Street | Comments Off

One pig, slightly perfumed; Loveman’s fire sale

Posted on September 17, 2012 by David McKee

Having waited too long and spent too much to ever get around to his long-rumored teardown of the Imperial Palace, the CEO/CFO/COB and prexy of Caesars Entertainment, one Gary Loveman, now finds himself perfuming a pig. Despite having more brand … Continue reading →

Posted in Architecture, Florida, Hard Rock Hotel, history, Internet gambling, Iowa, Macau, Maryland, Massachusetts, Mississippi, Ohio, Racinos, Reno, The Strip, Wall Street, World Series of Poker | 3 Comments

Emperor Loveman’s new clothes

Posted on September 7, 2012 by David McKee

When I said a Caesars Entertainment bankruptcy was a matter of when, not if, little idea did I have how soon that might be. Earlier this week, Fitch Ratings Service lowered Caesars’ bond rating to “negative,” a veritable kiss of … Continue reading →

Posted in Current, Dan Gilbert, Harrah's, International, Internet gambling, Massachusetts, Ohio, Pennsylvania, Racinos, Taxes, The Strip, Wall Street, World Series of Poker | 7 Comments

Put your money on Nevada!

Posted on August 1, 2012 by David McKee

No, not in some phony-baloney Chamber of Commerce way. I mean, there could be some good wagering to be had on behalf of Nevada were its sports books were to petition for the right (which is theirs, in principle, according … Continue reading →

Posted in Atlantic City, Current, Election, Ohio, Sheldon Adelson, The Strip | 2 Comments

“He’s just a stooge”

Posted on June 20, 2012 by David McKee

While I’m still on semi-hiatus, working on travel guides for USA Today (the Downtown one got submitted last night), here’s a reminder that when Caesars Entertainment persuades — “coerces” might be more like it — its lenders into writing off … Continue reading →

Posted in Baseball, California, Economy, Harrah's, history, Internet gambling, Ohio, Tourism, Wall Street | 3 Comments

Quote of the Day

Posted on June 11, 2012 by David McKee

“We’re in the business of providing entertainment. We make a profit. If something manipulates that in an ill-begotten way, that’s not fair.” — The Meadows General Manager Sean Sullivan, whining about card counters. Casinos in Pennsylvania and Ohio are actually … Continue reading →

Posted in Cannery Casino Resorts, Ohio, Pennsylvania, Regulation | Comments Off

Casino John rides again; Mashpee ride to victory

Posted on June 10, 2012 by David McKee

As is my habit, I tuned in CNN‘s Your Money yesterday. No sooner was the TV on but there was Gov. John Kasich (R), taking justifiable pride in Ohio‘s having recently added 73,300 jobs. The inescapable irony — and fact … Continue reading →

Posted in Ameristar, Current, Economy, Harrah's, MGM Mirage, Ohio, Penn National, Pennsylvania, Regulation, Sheldon Adelson, Sports, Steve Wynn, Tribal, TV | 4 Comments

Ohio: Let the games begin!

Posted on May 31, 2012 by David McKee

How confident was MTR Gaming that it held a winning hand in the Ohio courts? Pretty darn confident, from the looks of things. It’s also quite impressive how quickly they whipped together that $152 million racino space at Scioto Downs … Continue reading →

Posted in Current, Ohio, Racinos, TV | Comments Off

Loveman heir abdicates; VLTs hit Ohio tomorrow; Wayne’s World II

Posted on May 31, 2012 by David McKee

Shares of Caesars Entertainment sank today on the news that CFO Jonathan Halkyard has quit, taking an equivalent position at NV Energy. Although the latter’s financial outlook is far rosier, with scant long-term debt, its revenue base ($611 million last … Continue reading →

Posted in Atlantic City, Boyd Gaming, Dan Gilbert, Economy, Harrah's, history, Iowa, Louisiana, Massachusetts, MGM Mirage, Mississippi, Ohio, Penn National, Pinnacle Entertainment, Politics, Racinos, Tilman Fertitta, Tourism, Tribal, Wall Street, Wayne F. Newton | Comments Off

Holy Toledo!; D-Day in Massachusetts

Posted on May 29, 2012 by David McKee

Citizens of Toledo put on their best wife-beater and queued up for opening day at Penn National Gaming‘s brand-new Hollywood Casino Toledo. Sure, Revel had Beyoncé but H’wood Toledo had … Jamie Farr (plus ABBA impersonators). So there, Atlantic City! … Continue reading →

Posted in ABBA, Architecture, Current, Dan Gilbert, Election, Entertainment, Harrah's, Massachusetts, Ohio, Penn National, Regulation, Tribal | 4 Comments

Massachusetts: Another one bites the dust; Sands Cotai: Hit or miss?

Posted on May 25, 2012 by David McKee

That Aquinnah Wampanoag Tribe effort to obtain the coveted southeastern Massachusetts casino license is quickly being exposed as a thing of smoke and mirrors. Sure, the tribe can get a Class II casino on Martha’s Vineyard — it’s a done … Continue reading →

Posted in Architecture, Atlantic City, CityCenter, Current, Dan Gilbert, Detroit, Donald Trump, Hard Rock Hotel, Harrah's, Horseracing, Lawrence Ho, Macau, Maryland, Massachusetts, Melco Crown Entertainment, MGM Mirage, Ohio, Racinos, Regulation, Sheldon Adelson, Station Casinos, Steve Wynn, Tribal, Wall Street, Warner Gaming | Comments Off