Category Archives: Ohio

Fire sale at Caesars; Harvey vs. The Mob

Posted on February 10, 2012 by David McKee

Money problems at Caesars Entertainment are worse than we thought. According to the New York Post, the company is trying to shop as many as 10 Midwestern casinos in order to raise $500 million in development capital. The money would … Continue reading →

Posted in Harrah's, Harry Reid, Illinois, Indiana, International, Iowa, Isle of Capri, Louisiana, Maryland, Mississippi, Missouri, Ohio, Politics, Racinos, Regulation, Reno, The Mob, Tribal, Wall Street | 1 Comment

Caesars IPO: It’s baaaaaack! Adelson: I’ll take Taiwan

Posted on February 3, 2012 by David McKee

In a pathetically underwhelming announcement, Caesars Entertainment is planning to float an IPO of 1.8 million shares, priced to move at a modest $8-$10 per share. Which means, best-case scenario, that CEO Gary Loveman will raise $18 million, tops, from … Continue reading →

Posted in Boyd Gaming, Current, G2E, Harrah's, International, Macau, Maryland, Massachusetts, Ohio, Penn National, Regulation, Sheldon Adelson, The Strip, Wall Street | 3 Comments

“Luck” you!; A new gaming bonanza?

Posted on January 30, 2012 by David McKee

Last week, Mandalay Bay hosted an advance screening of the pilot episode of Luck, which debuted on HBO last night. If it was hard to follow on the ginormous MBay screen, I cannot imagine how impenetrable it seemed on a … Continue reading →

Posted in Ameristar, California, Horseracing, Kansas, Maine, Missouri, Ohio, Pinnacle Entertainment, Problem gambling, Racinos, South Carolina, Taxes, Tribal, TV | 5 Comments

Dear Floridians …; Mission unfinished; Blue skies

Posted on January 30, 2012 by David McKee

Sarah Palin says, “vote for Newt, annoy a liberal, vote Newt.” I say, “Vote Newt, please, because the concurrent stream of Sheldon Adelson stories is a blogger’s dream come true. Keep that gravy train going!” (Besides, it’s had the side … Continue reading →

Posted in Ameristar, Atlantic City, Current, Election, Environment, Florida, Harrah's, International, Louisiana, Marketing, Massachusetts, Mississippi, New York, Ohio, Penn National, Politics, Problem gambling, Sheldon Adelson, South Carolina, Steve Wynn, TV | 3 Comments

The clueless Adelson; A happy birthday; Big Brother Penn

Posted on January 27, 2012 by David McKee

Yes, it’s yet another exciting episode of The New(t) Adventures of Sheldon Adelson. When, in typically unsubtle (read: crass) fashion, the casino potentate began pouring kegs full of money into the current presidential race, it was bound to set off … Continue reading →

Posted in Columbia Sussex, Current, Election, Environment, Harrah's, M Resort, Macau, Missouri, Ohio, Penn National, Sheldon Adelson, Steve Wynn | 3 Comments

Calamity in Ohio; Adelson under a magnifying glass

Posted on January 27, 2012 by David McKee

Approximately 10 workers suffered injuries yesterday when a partial cave-in occurred during construction of Horseshoe Cincinnati. None of the injuries was life-threatening but one local lawmaker noted that the casino — and others like it — “certainly have been in … Continue reading →

Posted in Current, Election, Harrah's, Ohio, Sheldon Adelson, TV | Tagged | Comments Off on Calamity in Ohio; Adelson under a magnifying glass

Illinois: They shoot horses, don’t they?; Friday film festival

Posted on January 20, 2012 by David McKee

Score another round for Illinois Gov. Pat Quinn (D): By threatening a drawn-out negotiation process that would put casino expansion hard up against election season — with lawmakers facing the terra incognita of redrawn districts — he may have forced … Continue reading →

Posted in Economy, Election, Environment, Harrah's, Horseracing, Illinois, Internet gambling, Missouri, Ohio, Penn National, Politics, Racinos, Regulation, Rhode Island, Taxes, Tribal | Comments Off on Illinois: They shoot horses, don’t they?; Friday film festival

Another domino wobbles; Western, R.I.P.; Fighting over pocket change?

Posted on January 17, 2012 by David McKee

Add South Carolina to the list of states that could be suddenly taking a more favorable view of casino gambling. What the United Keetowa Band of Cherokee Indians is pitching have to be compacted with Gov. Nikki Haley (R, right). … Continue reading →

Posted in Atlantic City, California, Downtown, history, Internet gambling, Iowa, Kansas, Missouri, Ohio, Penn National, Politics, Regulation, South Carolina, Tamares Group, Tribal | 2 Comments

Belated Christmas presents, Midwest edition

Posted on January 11, 2012 by David McKee

To quote Stephen Sondheim, everything’s coming up roses … or close enough, anyway. Last Friday, strong numbers out of Iowa — of a non-caucus ilk — showed the state’s casinos rebounding to the tune of 16% (on a $121 million) … Continue reading →

Posted in Ameristar, Boyd Gaming, Cordish Co., Dan Lee, Don Barden, Donald Trump, Economy, Environment, Harrah's, Illinois, Indiana, Iowa, Isle of Capri, Kentucky, MGM Mirage, Missouri, Neil Bluhm, Ohio, Penn National, Pinnacle Entertainment, Racinos, Taxes, Tropicana Entertainment | 1 Comment

Ask Virginia!

Posted on November 22, 2011 by David McKee

Following in the footsteps of Alex Yemenidjian and Anthony Marnell IIII, the CEO of Isle of Capri Casinos, Virginia McDowell, has agreed to take questions from S&G readers early next month. So here’s your shot: Sharpen those pencils and dream … Continue reading →

Posted in Colony Capital, Current, Economy, Isle of Capri, Mississippi, Ohio, Penn National | 1 Comment

Going home again; Hotel Hell: The sequel

Posted on November 1, 2011 by David McKee

Here’s a casino-development story with several personal angles. When I lived in Minneapolis and wrote from the since-defunct Twin Cities Reader, my publisher was R.T. Rybak. Now he’s mayor of the city and is trying to hold onto the perennially … Continue reading →

Posted in Ameristar, Atlantic City, Boyd Gaming, Cordish Co., Culinary Union, Current, Donald Trump, Economy, Genting, Harrah's, Herbst Gaming, Isle of Capri, Lyle Berman, Marketing, MGM Mirage, Minnesota, Neil Bluhm, Ohio, Penn National, Sheldon Adelson, Sports, Steve Wynn, Taxes, The Strip, Tourism | 4 Comments

Detroit: The art of the deal

Posted on October 24, 2011 by David McKee

Labor unions in Detroit will have a hard time selling the rank and file on their new pact with three Motown casinos. Despite enjoying an upward revenue trend, the casinos appear to be pleading poverty, requiring that workers pay a … Continue reading →

Posted in Current, Detroit, Economy, MGM Mirage, Ohio | 1 Comment

What if they gave a casino and no one came?

Posted on October 18, 2011 by David McKee

Such been the plight of Maryland, a state that’s experienced the curious predicament of having more casino licenses than applicants. It’s much the same as Kansas, where things have gone awful quiet. Now, Kansas is like a corn-fed Macao: You … Continue reading →

Posted in Cordish Co., Current, Donald Trump, Economy, G2E, Harrah's, International, Isle of Capri, Kansas, Macau, Maryland, Ohio, Penn National, Racinos, Regulation, Taxes, West Virginia | 1 Comment

Big ‘boing’ in Pennsylvania; Labor strife in Detroit

Posted on October 18, 2011 by David McKee

Casino revenues last month in Pennsylvania must have been riding a pogo stick — up 13% from last year. That includes a 39% moonshot in table revenues. Leaders include Sands Bethlehem (22%, right), while Penn National‘s eponymous racino must be … Continue reading →

Posted in Cannery Casino Resorts, Current, Detroit, Economy, Genting, Harrah's, Indiana, International, Louisiana, MGM Mirage, Neil Bluhm, New York, Ohio, Penn National, Pennsylvania, Pinnacle Entertainment, Racinos, Sheldon Adelson, Sports, Taxes | Comments Off on Big ‘boing’ in Pennsylvania; Labor strife in Detroit

Gaming is on the march

Posted on September 9, 2011 by David McKee

Add Kentucky to the states that have casino-style gambling, at least temporarily. Owners of Kentucky Downs found a loophole in Bluegrass State law and galloped through it. “Instant Racing” is the sort of VLT game you might find at a … Continue reading →

Posted in Cannery Casino Resorts, Current, Economy, Election, Genting, Harrah's, Horseracing, Isle of Capri, Kentucky, Louisiana, Maine, Massachusetts, New York, Ohio, Penn National, Politics, Racinos, Regulation, Taxes, The Strip, Tourism, Transportation, Tribal, Warner Gaming | 6 Comments

Musical chairs; Perry’s hypocrisy

Posted on August 26, 2011 by David McKee

Those who go around, come around. The newly unveiled management team for the Margaritaville Casino in Biloxi has a distinct aura of déja vu. CEO Tom Brosig used to be Lyle Berman‘s right-hand man at Grand Casinos, whose Biloxi casino … Continue reading →

Posted in Alex Yemenidjian, Current, Harrah's, Illinois, Indiana, International, Louisiana, Lyle Berman, Mississippi, Neil Bluhm, Ohio, Oklahoma, Penn National, Pinnacle Entertainment, Regulation, Station Casinos, Technology, Texas, Tilman Fertitta, Tourism | 4 Comments

For sale: One casino, slightly used; Golden showers in LV

Posted on July 26, 2011 by David McKee

Pity MGM Resorts International. It owns half of the top-grossing casino in Atlantic City and can’t give it away. Yup, as many feared, investor Leonard Green has slinked off into the tall grass, leaving MGM with 50% of Borgata it … Continue reading →

Posted in Atlantic City, Boyd Gaming, CityCenter, Cordish Co., Current, Entertainment, Environment, Maryland, MGM Mirage, Ohio, Penn National, Sheldon Adelson, Taxes, The Strip, Tourism, Wall Street, Warner Gaming | 2 Comments

Restarting in Ohio

Posted on July 1, 2011 by David McKee

Now that Penn National Gaming and Rock Ohio Caesars have waved the white flag to Gov. Jon Kasich‘s monetary demands, work is resuming at their once-stalled Ohio casinos. In the case of ROC’s Cleveland casino, Rock Ventures and Caesars Entertainment … Continue reading →

Posted in Architecture, Current, Harrah's, Horseracing, Ohio, Penn National, Politics, Racinos, Regulation, Taxes | 1 Comment

Raw deal

Posted on June 18, 2011 by David McKee

In the end two, casino operators bent over, grabbed their ankles and took it hard from Gov. John Kasich (R), who can claim a near-unqualified victory — and in blistering time. With money and pilings already sunk into Ohio, neither … Continue reading →

Posted in Bally Technologies, Boyd Gaming, Current, Election, Harrah's, Horseracing, IGT, Indiana, Isle of Capri, Ohio, Penn National, Pinnacle Entertainment, Racinos, Regulation, Taxes, Wall Street, WMS Industries | 3 Comments

Kasich wins, Caesars caves

Posted on June 13, 2011 by David McKee

Why is this man smiling? Because Cleveland Cavaliers owner Dan Gilbert and partner Caesars Entertainment just displayed all the backbone of a wet noodle, conceding to unspecified annual fee payments, so that they can get on with their Cleveland and … Continue reading →

Posted in CityCenter, Cosmopolitan, Current, Economy, Entertainment, Harrah's, history, Iowa, MGM Mirage, Ohio, Penn National, Planet Hollywood, The Strip, Tourism | 3 Comments