Category Archives: Revel

Twin setbacks in Massachusetts

Posted on March 20, 2014 by David McKee

After all the tsuris that’s gone into bringing casinos to Massachusetts, it may be for naught. In two months, public support has gone from 53% to 46% (against 43% opposed), according to MassINC Polling Group. That means that, if casino … Continue reading →

Posted in Atlantic City, Culinary Union, Goldman Sachs, Macau, Massachusetts, Mohegan Sun, Penn National, Revel, Steve Wynn, The Strip | Comments Off

Incest in Philadelphia and New Jersey

Posted on March 17, 2014 by David McKee

Pennsylvania‘s one-and-one-third rule for casino ownership is playing hob with applications for the state’s final casino license, in Philadelphia. For instance, frontrunner Market 8 would be one-quarter owned by the ubiquitous Ira Lubert, who already owns half of Valley Forge … Continue reading →

Posted in Atlantic City, Cordish Co., Don Barden, Greenwood Racing, Iowa, Macau, Mohegan Sun, Neil Bluhm, Penn National, Pennsylvania, Regulation, Revel, Sheldon Adelson, Tomato King Procacci, Tribal, Warner Gaming | Comments Off

Adelson: Sore winner; Good news from Atlantic City

Posted on March 12, 2014 by David McKee

Macao’s 2013 casino haul of $45 billion seems pretty mind-boggling on its own merits. That number could be $115 billion by 2018. Much of that growth will be driven by post-2015 projects of Melco Crown Entertainment and Galaxy Entertainment Group. … Continue reading →

Posted in Atlantic City, Boyd Gaming, Current, Donald Trump, Harrah's, Internet gambling, Macau, Melco Crown Entertainment, Mohegan Sun, Revel, Sheldon Adelson, The Strip, Tilman Fertitta, Tropicana Entertainment, Trump Entertainment Resorts, Wall Street | 2 Comments

Caesars disappoints Wall Street

Posted on March 12, 2014 by David McKee

Caesars Entertainment posted a staggering, $1.76 billion loss (-$12.83/share), as some analysts fret that the recent fire sale of four casinos to Caesars Growth Partners may starve parent company Caesars Entertainment Operating Co. of cash flow. Meanwhile, Big Caesars has … Continue reading →

Posted in Atlantic City, Harrah's, Louisiana, Missouri, Revel, Wall Street | 4 Comments

More slots for the Sunshine State; Sheldon’s big payday

Posted on March 5, 2014 by David McKee

A 453-page casino-enabling bill in the Florida state Senate just got a bit longer when Sen. Maria Sachs added language that would enable six additional counties (Palm Beach, Gadsden, Washington, Lee, Hamilton and Brevard) to have slots at their parimutuels. … Continue reading →

Posted in Arizona, Atlantic City, Environment, Florida, International, Isle of Capri, Macau, Politics, Racinos, Regulation, Revel, Sheldon Adelson, Steve Wynn, Taxes, Transportation, Tribal | 1 Comment

Scott makes his move; Sudden death in New Hampshire

Posted on March 5, 2014 by David McKee

Just when it looked like the casino train was going to leave the station without him, Florida Gov. Rick Scott (R) has opened compact renegotiations with the Seminole Tribe. The latter would like to keep blackjack and baccarat, Scott would … Continue reading →

Posted in Atlantic City, Boyd Gaming, Florida, Genting, MGM Mirage, New Hampshire, New York, Racinos, Regulation, Revel, Sheldon Adelson, Tribal | Comments Off

Keeping up with the Joneses

Posted on February 17, 2014 by David McKee

Long a money pit for the Saulte Ste. Marie Tribe of Chippewa Indians, the Greektown Casino in downtown Detroit is now owner Dan Gilbert‘s problem. A smoky warren of gambling spaces, the original layout is a clusterf**k that warrants Greektown’s … Continue reading →

Posted in Architecture, Atlantic City, CityCenter, Dan Gilbert, Detroit, International, Massachusetts, MGM Mirage, Mississippi, Problem gambling, Revel, Rhode Island, Sports | Comments Off

Casinos behaving badly

Posted on February 14, 2014 by David McKee

Reno‘s Peppermill Casino is going to be $1 million lighter in the wallet, after it ‘fessed up to spying on other casinos’ proprietary data. Peppermill analyst Ryan Tors was caught at the Grand Sierra using a tool known as a … Continue reading →

Posted in Atlantic City, Dan Gilbert, Harrah's, Ohio, Regulation, Reno, Revel, Technology | Comments Off

A Ho no-show; Adelson omnipresent; Revel to close?

Posted on February 13, 2014 by David McKee

There was apparently no Stanley Ho sighting at the Cotai Strip groundbreaking of Sociedade de Jogos de Macau‘s $3.9 billion Lisboa Palace. Ho is 92 and well into his dotage, so a public appearance would have come as a surprise. … Continue reading →

Posted in Foxwoods, Genting, Hard Rock International, Harrah's, Internet gambling, Macau, Penn National, Pennsylvania, Politics, Revel, Sheldon Adelson, Stanley Ho, Technology, Vietnam | 1 Comment

PR Wars: Caesars vs. Caesars

Posted on February 11, 2014 by David McKee

It’s restructuring time again at Caesars Entertainment, but which Caesars? According to a Bloomberg interview with RBC Capital Markets analyst John Kempf, subsidiary Caesars Entertainment Operating Co. would trade second-lien debt for cash (of which Caesars maintains it has plenty) … Continue reading →

Posted in Harrah's, Internet gambling, Maryland, Planet Hollywood, Revel, Wall Street | Comments Off

Churchill Downs gets singed, casino creditors get burnt

Posted on February 10, 2014 by David McKee

Nick Ribis, a contentious figure in the Atlantic City casino scene is at it again. Or so contends a lawsuit by Churchill Downs. The racino company claims it paid Ribis $2.5 million “to develop and operate” Internet gambling on its … Continue reading →

Posted in Atlantic City, Churchill Downs, Colony Capital, Florida, Foxwoods, Harrah's, Horseracing, Internet gambling, Massachusetts, Mohegan Sun, Racinos, Revel, Sam Nazarian, Tribal | 1 Comment

The hypocrisy of Steve Wynn

Posted on February 3, 2014 by David McKee

Like a couple of crotchety codgers sitting in their rocking chairs, Steve Wynn has joined Sheldon Adelson in the “You kids get off my lawn” club when it comes to Internet gambling. (Not that he has allowed this to stop … Continue reading →

Posted in Atlantic City, Delaware, Economy, International, Internet gambling, Massachusetts, Pennsylvania, Racinos, Regulation, Revel, Sheldon Adelson, Steve Wynn, Taxes | Comments Off

Super Bowl hits Vegas jackpot; Hope for Caesars overseas

Posted on February 3, 2014 by David McKee

“It was embarrassing, humiliating and unbearable,” but when the Super Bowl was over, Nevada sports books had cleaned up … except for that safety on the first play from scrimmage, costly for the Denver Broncos and the books alike. Heavy … Continue reading →

Posted in Aristocrat, Atlantic City, Bally Technologies, Boyd Gaming, Harrah's, International, LVCVA, MGM Mirage, Revel, Sheldon Adelson, Sports, Steve Wynn, The Strip, Tourism | Comments Off

Revel: Has Loveman gone insane?; East St. Louis gets the shaft

Posted on January 29, 2014 by David McKee

You’d think Caesars Entertainment had its hands full with four active casinos in Atlantic City and the defunct Atlantic Club Hotel. But no, CEO Gary Loveman is reported to be considering a bid for $2.6 billion Revel Resort, which Caesars … Continue reading →

Posted in Atlantic City, Hard Rock Hotel, Harrah's, Illinois, Missouri, Racinos, Regulation, Revel | Comments Off

Online gambling is …

Posted on January 15, 2014 by David McKee

… a success, according to Seeking Alpha. On the other hand, Telsey Advisor Group projects New Jersey to flop, eventually only grossing $90 million, not the half-billion envisioned by some. Bloomberg Businessweek reports “mildly disappointing” numbers and that Internet wagering … Continue reading →

Posted in Atlantic City, Boyd Gaming, Economy, Harrah's, Internet gambling, Pennsylvania, Problem gambling, Revel, Tourism, Trump Entertainment Resorts | Comments Off

Mohegan Sun scolded; Atlantic Club’s death throes

Posted on December 24, 2013 by David McKee

City fathers in Palmer, Massachusetts, have had a sudden falling-out with Mohegan Tribal Gaming Authority. They’ve accused Mohegan Sun of deliberately tanking the Nov. 5 election through “a deliberate pattern of delay and mismanagement.” As such, they’ll be joining the … Continue reading →

Posted in Atlantic City, Cordish Co., Hard Rock International, Harrah's, Indiana, Massachusetts, Mohegan Sun, Regulation, Revel, Steve Wynn, Taxes, Tilman Fertitta, Tropicana Entertainment, Trump Entertainment Resorts | Comments Off

Revel to be sold?; Ryan weighs in on Menominee

Posted on December 20, 2013 by David McKee

Color me stupid but I figured that, with a new marketing team in place, to say nothing of a new CEO, Revel Resort was going to stay its new course awhile. Turns out the property was dickering with prospective buyers … Continue reading →

Posted in Atlantic City, Current, Hard Rock International, Maryland, MGM Mirage, New York, Politics, Racinos, Revel, Tribal, Wisconsin | 2 Comments

Buyers and potential sellers

Posted on December 9, 2013 by David McKee

Spend a few minutes this morning with Revel Resort CEO Scott Kreeger, even if some of his answers are exquisitely vague. Having been checkmated by voters in Milford, Massachusetts, is no discouragement to Penn National Gaming parent company Gaming & … Continue reading →

Posted in Atlantic City, Hard Rock International, Harrah's, Illinois, Indiana, Iowa, Massachusetts, Ohio, Penn National, Pinnacle Entertainment, Revel | Comments Off

Life beyond Wynn; Crazy bounce in Atlantic City; Pressure rises in Macao

Posted on November 13, 2013 by David McKee

Applicants for Philadelphia‘s remaining casino license say they’re still keen on their chances even though Steve Wynn has dropped out? And why not? Everybody else’s odds just got better. I’d be doing the happy dance, too, if I was Penn … Continue reading →

Posted in Economy, Macau, Neil Bluhm, New York, Penn National, Pennsylvania, Revel, Steve Wynn, Tropicana Entertainment, Trump Entertainment Resorts, Wall Street | Comments Off

Big win for Wynn; Murren in the spotlight; Lies, damned lies and Sheldon Adelson

Posted on November 1, 2013 by David McKee

In a disappointing but entirely predictable result, the Nevada Supreme Court ruled that Nevada law permits employers to confiscate and redistribute tips received by employees (euphemistically referred to as “tip sharing”). Now, if a I stuck a gun in your … Continue reading →

Posted in Atlantic City, Boyd Gaming, Election, Florida, Harrah's, Marketing, Massachusetts, MGM Mirage, New York, Palms, Pennsylvania, Revel, Sheldon Adelson, Sports, Steve Wynn, The Mob, Tourism | 3 Comments