Category Archives: Reno

I-cahnned! River Palms sold; PokerStars out of A.C., Langford out to lunch

Posted on May 1, 2013 by David McKee

Subtract one casino from the Tropicana Entertainment portfolio: The River Palms Resort & Casino, in Laughlin, just went for $7 million today. TropEnt CEO Anthony Rodio isn’t pulling out of the Colorado River market altogether. He says the company will … Continue reading →

Posted in Atlantic City, Carl Icahn, Colony Capital, Colorado, Columbia Sussex, Current, Economy, Internet gambling, Lake Tahoe, Laughlin, Pennsylvania, Pinnacle Entertainment, Planet Hollywood, Politics, Regulation, Reno, Station Casinos, Tropicana Entertainment | 3 Comments

Trump: And then there was one

Posted on February 14, 2013 by David McKee

What’s an Atlantic City casino worth? Not too bloody much, especially if the name of Donald Trump is emblazoned across the façade. Trump Entertainment Resorts has parted with unloved, unremunerative Trump Plaza and truly for a pittance — $20 million. … Continue reading →

Posted in Atlantic City, Colony Capital, Current, Donald Trump, Economy, Entertainment, Reno, Revel, Tropicana Entertainment | 11 Comments

December in Vegas: The house won; Sheldon of La Mancha

Posted on February 8, 2013 by David McKee

There are gambling markets … and then there’s Las Vegas. Players opened their wallets — oh, did they ever — and lost big. Casino winnings on the Las Vegas Strip were up 13.5% and Nevada casinos overall did 10% better … Continue reading →

Posted in Boulder Strip, Boyd Gaming, Current, International, Lake Tahoe, Laughlin, Marketing, Mesquite, North Las Vegas, Reno, Sheldon Adelson, The Strip, Tourism, Wall Street | 2 Comments

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

Nevada: We’re skewed!; Dark Side of the Force

Posted on August 9, 2012 by David McKee

I always hate doing Nevada gaming numbers because A) it’s redundant with the coverage in the local dailies and B) almost every month you have to trot out the caveat that — as was the case in June — the … Continue reading →

Posted in Boulder Strip, Cosmopolitan, Current, Downtown, Economy, Entertainment, Harrah's, Lake Tahoe, Marketing, Mesquite, Movies, North Las Vegas, Reno, Tourism, TV, Wall Street | Comments Off on Nevada: We’re skewed!; Dark Side of the Force

Quote of the Day

Posted on May 21, 2012 by David McKee

“‘Eleven, the Hard Way’ (1961), about a small town that sends a gambler [Walter Matthau] to Reno to try to win it a return to prosperity after the local mine goes bust, seems like a metaphor for all those states … Continue reading →

Posted in Economy, Reno, TV | Comments Off on Quote of the Day

Maryland accord totters; Massachusetts cities get testy

Posted on April 23, 2012 by David McKee

Never say “never” but a pet casino project of Maryland Senate President Thomas V. “Mike” Miller Jr. is in critical condition. The sweetheart deal, which would gift-wrap a casino for National Harbor in Miller’s Prince George’s County (in return for … Continue reading →

Posted in Current, Economy, Harrah's, Maryland, Massachusetts, Penn National, Politics, Racinos, Regulation, Reno, Steve Wynn | 1 Comment

The whales of January; Shrinking Hooters

Posted on March 8, 2012 by David McKee

Baccarat win on the Las Vegas Strip began the year heavy ($194 million) and dramatic, up 199% from 2011. The whales were back in force, dropping 163% more than the previous January, putting $1.6 billion in play. An early Chinese … Continue reading →

Posted in Boulder Strip, Boyd Gaming, California, Current, Downtown, Economy, Entertainment, Hooters, Lake Tahoe, Laughlin, Movies, North Las Vegas, Reno, Tribal, Wall Street | 2 Comments

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

Vegas’ December: Better than it looks?

Posted on February 9, 2012 by David McKee

If today’s numbers from the Nevada Gaming Control Board indicate that December was good for business — especially on the Las Vegas Strip (up 4% … 7% if you take baccarat out of the equation) — January ought to have … Continue reading →

Posted in Boulder Strip, Boyd Gaming, Current, Downtown, Economy, Lake Tahoe, Laughlin, Massachusetts, North Las Vegas, Reno, Rhode Island, Sheldon Adelson, Steve Wynn, The Strip, Tourism, Tropicana Entertainment, Wall Street | Comments Off on Vegas’ December: Better than it looks?

Case Bets: Okada in Manila; Big shots fall hard

Posted on February 1, 2012 by David McKee

Rushing in where angels fear to tread, Kazuo Okada (right) has broken ground on his $2 billion, two-casino megaresort in the Philippines. You may remember the project as a bitter point of contention between Okada and erstwhile BFF Steve Wynn, … Continue reading →

Posted in Cretins, Current, Encore, Hard Rock Hotel, International, Morgans Hotel Group, Pennsylvania, Regulation, Reno, Sheldon Adelson, Sports, Station Casinos, Steve Wynn | Comments Off on Case Bets: Okada in Manila; Big shots fall hard

Belated Christmas presents, Part II

Posted on January 11, 2012 by David McKee

If the good news keeps raining down like this, I might have to start using the R-word … as in “recovery.” In November, Nevada‘s $880 million gross was good for a 7% upsurge. The Las Vegas Strip beat the statewide … Continue reading →

Posted in Architecture, Boulder Strip, CityCenter, Colony Capital, Current, Detroit, Downtown, Economy, Goldman Sachs, Lake Tahoe, Laughlin, MGM Mirage, North Las Vegas, Reno, Steve Wynn, The Strip, Tourism, Wall Street | 1 Comment

More treat than trick

Posted on December 9, 2011 by David McKee

October’s revenue figures for Nevada emerged today and it was a good month statewide ($961 million, +8%) and a great one for the Las Vegas Strip ($560.5 million, +13%). Mind you, October 1 was a Saturday, meaning that some Sept. … Continue reading →

Posted in Boulder Strip, Current, Downtown, Economy, Lake Tahoe, Laughlin, Mesquite, North Las Vegas, Pinnacle Entertainment, Reno, Tamares Group, The Strip, Tourism | 1 Comment

The Conrad Show

Posted on November 10, 2011 by David McKee

In 15 years of covering the casino industry, I’ve learned that there are a few, exceptional people who stick by you through thick and thin, and who treat everyone the same, regardless of social standing. One such is Raving Consulting … Continue reading →

Posted in Current, Marketing, Reno | Comments Off on The Conrad Show

Rule or ruin in Illinois; A new deal in Detroit

Posted on November 8, 2011 by David McKee

State Rep. Lou “Death Wish” Lang (D, right) continues to dare, then double-dare Gov. Pat Quinn (D) to veto what’s now a 2.6X expansion of the number of gambling positions in the state of Illinois. Lang has offered a few … Continue reading →

Posted in Boyd Gaming, CityCenter, Current, Dan Lee, Detroit, Economy, Harrah's, history, Illinois, Indiana, International, Iowa, Louisiana, MGM Mirage, Mississippi, Missouri, Neil Bluhm, Penn National, Politics, Racinos, Reno, Slot routes, The Strip, Wall Street | 3 Comments

Shakedown at G2E; Riviera quits Colorado, Trump quits humanity

Posted on September 30, 2011 by David McKee

Our beloved casino industry runneth over with individuals, companies and even sovereign nations that have a vested interest in the legalization of Internet poker … and more. Rep. Joe Barton (R-TX, left) knows this, which is why he’s coming to … Continue reading →

Posted in Atlantic City, Colorado, Current, Dennis Gomes, Donald Trump, Economy, Election, G2E, Internet gambling, Marketing, Politics, Regulation, Reno, Riviera, Sheldon Adelson, Steve Wynn, The Strip | Comments Off on Shakedown at G2E; Riviera quits Colorado, Trump quits humanity

See Sparks and die

Posted on September 24, 2011 by David McKee

A shootout at John Ascuaga’s Nugget has left two people wounded and one dead. Hostility between biker gangs is the probable cause. Perhaps the casino took the appropriate security measures but I suspect otherwise. If biker gangs are known to … Continue reading →

Posted in Current, Reno | Comments Off on See Sparks and die

We’re Number One!

Posted on September 19, 2011 by David McKee

Guess which city tops the misery index, according to BusinessInsider.com? Yup, good old Las Vegas, where real estate values have totally cratered and employment isn’t looking so hot, either. Any talk of recovery on the Strip looks somewhat relative when … Continue reading →

Posted in Arizona, California, Detroit, Economy, Florida, Louisiana, Reno, The Strip | 1 Comment

Quote of the Day

Posted on July 14, 2011 by David McKee

“I learned a lot from my mom during her last year — mainly that it really, really sucks to be dependent, and even when your body betrays you, it doesn’t mean that you’ve lost your marbles. And instead of getting respect … Continue reading →

Posted in Herbst Gaming, Reno | Comments Off on Quote of the Day

Where would Jesus play? Harrah’s!

Posted on June 14, 2011 by David McKee

In one of the most surprising press releases I have ever received, the 2011 Believe Crusade is coming to Harrah’s Tunica. Or rather, to “Harrah’s Mid-South Convention Center,” as the promotional materials euphemistically term it. Featuring every C-list African American … Continue reading →

Posted in Current, Economy, Harrah's, Macau, Marketing, Mississippi, Regulation, Reno, Tourism | 3 Comments