Category Archives: Riviera

Trump wins battle against himself; Riviera’s fate sealed

Posted on February 23, 2015 by David McKee

Perpetual litigant Donald J. Trump has won the first round in his lawsuit against Trump Entertainment Resorts, whose minority shareholders include one Donald J. Trump. A bankruptcy judge in Delaware ruled that the suit can proceed. It contends that Trump … Continue reading →

Posted in Atlantic City, Donald Trump, Entertainment, Genting, James Packer, LVCVA, Riviera, The Strip, Tourism, Trump Entertainment Resorts, Westgate LV | 1 Comment

Station is back; MGM’s praises sung

Posted on February 18, 2015 by David McKee

When the Great Recession struck, no company was more ill-positioned to weather it than Station Casinos. A few tribal contracts aside, all of Station’s eggs were in the Las Vegas basket. To put it another way, Vegas may have gotten … Continue reading →

Posted in California, Detroit, Economy, Hard Rock International, Macau, MGM Mirage, Mississippi, Riviera, Station Casinos, The Strip, Tribal, Wall Street, Wisconsin | Comments Off

Why the Riviera deal stinks

Posted on February 18, 2015 by David McKee

Occasional S&G contributor Jeff in OKC shares some blunt sentiment about this week’s biggest story: the planned sale and demolition of the Riviera, the most venerable casino on the Las Vegas Strip: I’m 56. A 100% pure Baby Boomer, born in 1958. … Continue reading →

Posted in California, Derek Stevens, Economy, history, LVCVA, Riviera, Tourism | 8 Comments

Riviera’s fate sealed

Posted on February 17, 2015 by David McKee

… or soon will be. On Friday, the Las Vegas Convention & Visitors Authority is holding a board meeting at which the future of the venerable hotel-casino will be decided. On the table is a $182.5 million purchase, which values … Continue reading →

Posted in Fontainebleau, LVCVA, Movies, Riviera, Technology, The Strip, Westgate LV | Comments Off

Adieu, Riviera?

Posted on February 16, 2015 by David McKee

Is Las Vegas‘ oldest Strip casino facing a date with the wrecking ball? Last week, LVA broke the news that — at least according to one of our sources — the Riviera was being sold to the Las Vegas Convention … Continue reading →

Posted in Internet gambling, LVCVA, New Hampshire, PokerStars, Politics, Riviera, The Strip | 2 Comments

Maryland: First, the good news; Here, kitty, kitty

Posted on October 7, 2014 by David McKee

Maryland casinos hit another monthly record — $82 million — boosted by Horseshoe Baltimore. Revenues at Maryland Live fell 10%, to $45.5 million — boosted by 50,000 customers over the Labor Day weekend — and Horseshoe raked in $22 million. … Continue reading →

Posted in Alex Yemenidjian, Cordish Co., Entertainment, Harrah's, Maryland, Riviera, The Strip | Comments Off

Atlantic City: MGM returns, Revel sold

Posted on September 11, 2014 by David McKee

There was a happy ending for MGM Resorts International in its long soap opera with New Jersey gaming regulation. The New Jersey Casino Control Commission voted unanimously to relicense the company, reuniting it with Borgata — and with 86 million … Continue reading →

Posted in Atlantic City, Boyd Gaming, Carl Icahn, Donald Trump, MGM Mirage, Pansy Ho, Regulation, Revel, Riviera, The Strip, Trump Entertainment Resorts | 1 Comment

MGM courts Japan; More Strip land hits the market

Posted on September 5, 2014 by David McKee

Taking a veiled stab at Las Vegas Sands and Wynn Resorts, MGM Resorts International President William Hornbuckle said that a MGM megaresort in Japan would be “uniquely Japanese, not a copy of an integrated resort from Las Vegas or Singapore.” It … Continue reading →

Posted in Architecture, Downtown, Entertainment, history, James Packer, Japan, Melco Crown Entertainment, MGM Mirage, Regulation, Riviera, Singapore, Station Casinos, The Strip | Comments Off

Case Bets

Posted on August 21, 2014 by David McKee

Any fears of antitrust litigation in the Scientific Games/Bally Technologies merger were put to rest yesterday when the two companies announced they had cleared the Hart-Scott-Rodino Antitrust Improvements Act waiting period ahead of schedule. This is hardly equal to leaping the … Continue reading →

Posted in Bally Technologies, Genting, Harrah's, Japan, Macau, Melco Crown Entertainment, Ohio, Regulation, Riviera, Scientific Games, Sheldon Adelson, Singapore, TV | Comments Off

Shakeup at Downtown Grand

Posted on July 31, 2014 by David McKee

I’ll be staying at the Downtown Grand this weekend and it looks like I won’t be the only novitiate. Ownership has installed a new management team, too, casting a wide net. CFO Marie Ramsey comes over from the Tropicana Las … Continue reading →

Posted in Boyd Gaming, Cordish Co., Current, Delaware, Downtown, Harrah's, history, MGM Mirage, New York, Racinos, Riviera, Sheldon Adelson, Station Casinos, The Strip | Comments Off

Well, that’s the end of that; A win for Wynn

Posted on April 28, 2014 by David McKee

Caving to opposition forces, the government of Sri Lanka has reversed course and nixed casinos from three planned resorts. The most prominent was a $550 million Crown Resorts project. Now James Packer has to decide whether it’s worth the investment … Continue reading →

Posted in Dennis Gomes, Entertainment, International, James Packer, Massachusetts, MGM Mirage, Mohegan Sun, Regulation, Riviera, Steve Wynn, The Strip, Tilman Fertitta | Comments Off

‘Pawn Shop’ moves to Strip

Posted on March 14, 2014 by David McKee

If you haven’t seen Pawn Shop Live! at the Golden Nugget, you’ve still got a couple of weeks to do so but on April 17 it reopens at the Riviera. Don’t go expecting a stage version of Pawn Stars. Directed … Continue reading →

Posted in Current, Downtown, Entertainment, Riviera, The Strip, Tilman Fertitta, TV | Comments Off

Culinary: Two down, 14 to go; Quiet crisis at Sands

Posted on March 11, 2014 by David McKee

Culinary Union-represented workers at the Riviera and at Treasure Island have cause for celebration, being the beneficiaries of new, five-year collective bargaining agreements. Culinary Secretary-Treasurer Geoconda Arguello-Kline took the extra step of hailing the Riviera deal as “mutually beneficial” to … Continue reading →

Posted in Charity, Culinary Union, Delaware, Macau, Massachusetts, Mohegan Sun, Ohio, Phil Ruffin, Racinos, Regulation, Riviera, Sheldon Adelson, Taxes, The Strip | Comments Off

Vegas: Behind the standoff; Sands: Another one bites the dust

Posted on March 6, 2014 by David McKee

As the Culinary Union heads toward a March 20 strike vote, the culprit behind its stalemate with over a dozen casinos has been identified as the Affordable Care Act. “The biggest hurdle to reaching settlements in Vegas is the new … Continue reading →

Posted in Culinary Union, Harrah's, Massachusetts, MGM Mirage, Pennsylvania, Politics, Riviera, Sheldon Adelson, Steve Wynn, The Strip | 1 Comment

Tilman’s Golden touch; Dotty’s gets respectable

Posted on August 5, 2013 by David McKee

Tilman Fertitta forked over $45 million to purchase Isle of Capri Biloxi. He is currently putting another $100 million into expansions and upgrades. From the look of things, he shouldn’t have any trouble making his money back. (Interestingly, parts of … Continue reading →

Posted in Architecture, Boulder Strip, Current, Downtown, Economy, Environment, Internet gambling, Isle of Capri, Laughlin, Mississippi, Planet Hollywood, Riviera, Tilman Fertitta | 3 Comments

Shocking! Just shocking!; Riviera: Choy gets the chop

Posted on June 24, 2013 by David McKee

Andrew Breibart heir Matthew Boyle has his bloomers in a twist over the fact that Nevada Sens. Harry Reid (D) and Dean Heller (R) have tweaked the immigration bill currently before the Senate to include an indefinite extension of the … Continue reading →

Posted in Architecture, Boyd Gaming, Current, Economy, Genting, Harry Reid, Politics, Riviera, Tourism | Comments Off

Bad news for Riv; Losing your gaming license? Come to Nevada!

Posted on May 21, 2013 by David McKee

A spiffy makeover and a nostalgia-themed market position aren’t helping the Riviera as customers gravitate back toward higher-priced hotels. A bad neighborhood, while hardly a new phenomenon, isn’t helping. Having Echelon and Fontainebleau as your neighbors is akin to living … Continue reading →

Posted in California, Current, Fontainebleau, Genting, Herbst Gaming, history, Marketing, Regulation, Riviera, Technology, Tourism, Tribal, Wall Street | Comments Off

North Strip: SLS yes, F-blew no, Riviera maybe

Posted on March 7, 2013 by David McKee

S&G contributor JeffInOKC returns from a too-long absence with some thoughts on one of our favorite topics, the North Strip … It is common for us to hear the term “Too Big to Fail,” but I think the true story … Continue reading →

Posted in Architecture, Boyd Gaming, CityCenter, Cosmopolitan, Current, Fontainebleau, Marketing, MGM Mirage, Riviera, Sahara, Sam Nazarian, Steve Wynn, The Strip, Tourism | 4 Comments

Vegas beyond the Strip … way beyond

Posted on January 29, 2013 by David McKee

Some of you — and you know who you are — get to Las Vegas several times a year but rarely have the chance to foray far past either the Las Vegas Strip or Downtown. (It’s the same with me … Continue reading →

Posted in Dining, Downtown, Entertainment, Environment, Riviera, The Strip, Tourism | Comments Off

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