Category Archives: Penn National

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

Case Bets: Station, Isle, Cosmo, Loveman & the horsey set

Posted on August 16, 2011 by David McKee

Revenue growth accelerated at Station Casinos in 2Q11, with cash flow up 8.5% (compared to +4% for the year so far). Keeping room rates steady at an average of $71 appears to have boosted occupancy, up from 81% to an … Continue reading →

Posted in Ameristar, Cosmopolitan, Current, Dining, Economy, Entertainment, Harrah's, Horseracing, Internet gambling, Isle of Capri, Marketing, Missouri, Penn National, Pokergeddon, Politics, Racinos, The Strip | 1 Comment

Pain in the ACH

Posted on August 12, 2011 by David McKee

In the shrinking Atlantic City market, where most of the casinos are operating in the red, it was inevitable that one or two of the so-called “parasitic” ones would bite the dust. While the ex-Atlantic City Hilton (preposterously rebranded as … Continue reading →

Posted in Atlantic City, Colony Capital, Dennis Gomes, Donald Trump, Harrah's, history, Marketing, Mississippi, Penn National, Regulation, Tilman Fertitta, Tribal | 3 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

Anthony Marnell III answers your questions

Posted on July 6, 2011 by David McKee

Anonymous: What happened to the self-serve soda fountains? [They] actually became a Health Department issue. They’re very expensive to maintain and the public had basically worn them out. There were lots of problems with the syrup and things falling down … Continue reading →

Posted in Architecture, Boulder Strip, Boyd Gaming, Dining, Economy, Entertainment, M Resort, Marketing, Penn National, Technology, The Strip, Tourism, Tribal, Wall Street | 2 Comments

So it begins

Posted on July 6, 2011 by David McKee

Slow news day: There wasn’t much worth noting yesterday, other than some preliminary numbers out of Pennsylvania (i.e., slot revenues). Table games money could change the picture but, so far, June is looking like a good month for Las Vegas … Continue reading →

Posted in Economy, Environment, M Resort, Marketing, Neil Bluhm, Penn National, Pennsylvania, Regulation, Sheldon Adelson, Tribal, TV | 1 Comment

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

Lies, damned lies and smoking

Posted on June 28, 2011 by David McKee

Although Illinois‘ casino industry has fallen and can’t get up, the state’s smoking ban has nothing to do with it. Nada! That’s the contention of a study out of Washington University (my brother’s alma mater), which says that players “never … Continue reading →

Posted in Current, Economy, Environment, Harrah's, Illinois, Indiana, Iowa, Missouri, Neil Bluhm, Penn National, Racinos, Regulation, Tribal | 3 Comments

Ask Anthony!

Posted on June 28, 2011 by David McKee

Scarcely had I flayed the Las Vegas Sun‘s Anthony Marnell III interview in S&G than I was most graciously contacted by M Resort, offering the chance to ask the questions the Sun didn’t. More to the point, this is your … Continue reading →

Posted in Alex Yemenidjian, Economy, M Resort, Penn National, Technology | 4 Comments

A Tale of Two Resorts

Posted on June 27, 2011 by David McKee

As everyone knows, both Palms Casino Resort and M Resort recently changed hands, the former going to a pair of hedge funds and the latter to Penn National Gaming. Penn broke with industry tradition by keeping property CEO Anthony Marnell … Continue reading →

Posted in Current, George Maloof, Hard Rock Hotel, Harrah's, Laughlin, M Resort, Marketing, MGM Mirage, Morgans Hotel Group, Penn National, Sheldon Adelson, Sports, Steve Wynn, Taxes | 13 Comments

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

We like Paul LePage; Little Red Sheldonhood

Posted on June 9, 2011 by David McKee

Although Maine‘s governor says he’ll veto bills to authorize a pair of racinos and a Lewiston casino, that’s not why S&G gives him the thumbs-up. No, it’s because he’s thwarting legislators from playing favorites. Lawmakers are trying to do an … Continue reading →

Posted in Election, International, Macau, Maine, Penn National, Politics, Regulation, Sheldon Adelson, The Strip | Comments Off on We like Paul LePage; Little Red Sheldonhood

Life’s good …

Posted on June 8, 2011 by David McKee

… if you happen to be George Maloof and can hang out at Palms Place on Sunday with a bunch of Miss USA contestants. However, as for young lovelies like … … Miss Nevada, one Sarah Chapman, I’d advise staying … Continue reading →

Posted in Ameristar, Culinary Union, Current, Dining, Downtown, Economy, Election, Entertainment, George Maloof, Harrah's, Iowa, Isle of Capri, Penn National, Taxes, The Strip | Comments Off on Life’s good …

Illinois: How much worse can it get?

Posted on June 8, 2011 by David McKee

OK, the 9% dropoff in Illinois gambling dollars last month looks worse than it is because it mainly reflects the flood-enforced closure of Harrah’s Metropolis (left, -77%). All other casinos were down an aggregate 3%, and it didn’t much matter … Continue reading →

Posted in Ameristar, Bally Technologies, Boyd Gaming, Cordish Co., Harrah's, Illinois, Indiana, International, MGM Mirage, Penn National, Pinnacle Entertainment, Technology, Tropicana Entertainment, Wall Street | 8 Comments

After the flood; New captains at Tropicana Entertainment

Posted on June 8, 2011 by David McKee

What used to be the Horizon riverboat in Vicksburg is back in business as Grand Station (no relation to Station Casinos, in case you were wondering). While nearby riverboats owned by Neil Bluhm and Ameristar Casinos rode out the high … Continue reading →

Posted in Ameristar, Atlantic City, Carl Icahn, Columbia Sussex, Dennis Gomes, Harrah's, Indiana, Marketing, Mississippi, Neil Bluhm, Penn National, Station Casinos, Tropicana Entertainment | Comments Off on After the flood; New captains at Tropicana Entertainment

Loveman: Norton, you’re not the greatest; Another seesaw in Macao

Posted on June 3, 2011 by David McKee

Caesars Entertainment Chief Marketing Officer David Norton, developer of Total Rewards, got his walking papers yesterday. The old “pursuing other interests” excuse was deployed; familiar industry code for “Don’t let the doorknob hit you on the way out.” Publicly, CEO … Continue reading →

Posted in Ameristar, Current, Economy, Harrah's, James Packer, Lawrence Ho, Macau, Marketing, Melco Crown Entertainment, MGM Mirage, Pansy Ho, Penn National, Pinnacle Entertainment, Regulation, Sheldon Adelson, Stanley Ho, Steve Wynn | 1 Comment

Illinois’ suicide pact; Donald Trump, freeloader

Posted on May 31, 2011 by David McKee

Whether you spent Memorial Day grilling some bratwurst or, like me, crawling around with Murphy’s Oil Soap and a cleaning cloth, we did no harm. That can’t be said for the Illinois House of Representatives, which opened a can of … Continue reading →

Posted in Bally Technologies, Current, Donald Trump, Economy, Horseracing, IGT, Illinois, Indiana, Iowa, Missouri, Penn National, Politics, Racinos, Regulation, Slot routes, Taxes, The Strip, WMS Industries | 3 Comments

Atlantic City on the mend; Trump: Fish or cut bait?; Mike Ensign’s woes

Posted on May 25, 2011 by David McKee

My apologies for attenuated bloggery today but a swarm of deadlines presses upon me, including coverage of the demise of 104-year-old Huguette Clark, daughter of Sen. William A. Clark, from whom Clark County takes its name. You’ll find a lengthy … Continue reading →

Posted in Alex Yemenidjian, Architecture, Atlantic City, Boyd Gaming, Carl Icahn, Charity, CityCenter, Colony Capital, Current, Dan Lee, Dennis Gomes, Donald Trump, Downtown, Economy, Election, Environment, Harrah's, history, Isle of Capri, Marketing, MGM Mirage, Missouri, Penn National, Pinnacle Entertainment, Planet Hollywood, Regulation, Sheldon Adelson, Steve Wynn, The Strip, Tilman Fertitta, Wall Street | 4 Comments