Category Archives: Station Casinos

Boulder Station goes union; Neon Museum sets records

Posted on September 7, 2016 by David McKee

Having finally bowed to management’s stipulation of a secret ballot election, as opposed to a card check, the Culinary Union can belatedly claim a victory in its long-running war with Station Casinos. Employees at Boulder Station, under the oversight of … Continue reading →

Posted in Architecture, Boyd Gaming, California, Charity, Cordish Co., Culinary Union, Downtown, history, Lucky Dragon, Marketing, Maryland, MGM Mirage, North Las Vegas, Palms, Regulation, Station Casinos, Tribal | 1 Comment

Loveman’s chickens come home to roost; Are casinos blowing off a $12 trillion demographic?

Posted on August 29, 2016 by David McKee

As cheap as it’s been lately, we hope you haven’t bought any Caesars Entertainment stock. Shares dropped 12% and kept falling right after Judge Benjamin Goldgar declined to extend protection of Caesars from creditor litigation any longer, which means that … Continue reading →

Posted in Alabama, Boyd Gaming, Cannery Casino Resorts, Genting, Harrah's, International, Marketing, MGM Mirage, Station Casinos, Wall Street | Comments Off

New ally for Mashpee; Adelson: My way or the highway

Posted on August 26, 2016 by David McKee

In the latest twist of the Project First Light saga, the Justice Department has interceded on behalf of the Mashpee Wampanoag. It has asked a federal judge to revisit his ruling that the Mashpee lacked standing and that the Interior … Continue reading →

Posted in Donald Trump, Downtown, Environment, Galaxy Entertainment, Harrah's, history, Internet gambling, Macau, Massachusetts, MGM Mirage, Oklahoma, Regulation, Sheldon Adelson, Sports, Station Casinos, Taxes, Tribal | Comments Off

Steve Wynn, re-visionary; DFS in Nevada: It’s back

Posted on August 19, 2016 by David McKee

Evidently industry leaders are coming to terms with the fact that the go-go days when Macao was a $45 billion/year casino market are over. Steve Wynn told The Associated Press that “What took place here in previous years was an anomaly. he … Continue reading →

Posted in Donald Trump, Economy, Election, Harrah's, Internet gambling, Macau, Nevada, New York, Regulation, Sheldon Adelson, Station Casinos, Steve Wynn, The Strip | Comments Off

MGM’s China gambit; Mixed quarter for Station

Posted on August 17, 2016 by David McKee

MGM Resorts International and Pansy Ho are performing a fancy juggling act with MGM stock. The former is going to buy an additional 188 million shares in MGM China, increasing its hold on the property to 56%. In return, Ms. … Continue reading →

Posted in California, Culinary Union, Economy, Election, Isle of Capri, Macau, MGM Mirage, Missouri, Nevada, Palms, Pansy Ho, Penn National, Reno, Station Casinos, Steve Wynn, Tribal, Wall Street | 2 Comments

Station tries to shed excess baggage; Steve Wynn’s big ape

Posted on August 8, 2016 by David McKee

Back in 2004, when euphoria ran high in the casino industry, Station Casinos got carried away and spent nearly $34 million on the dilapidated Castaways, at the north end of the Boulder Strip. Despite commissioning a design from Ed Vance for … Continue reading →

Posted in Boulder Strip, Boyd Gaming, Entertainment, history, Illinois, MGM Mirage, Penn National, Slot routes, Sports, Station Casinos, Steve Wynn, The Strip | 1 Comment

Analysts: Buy Penn!; Veteran columnist calls it quits

Posted on July 28, 2016 by David McKee

According to J.P. Morgan analyst Joseph Greff, “meaningful contributions” from the Tropicana Las Vegas, Plainridge Park Casino and Illinois slot route Prairie State Gaming drove a 14.5% improvement in Penn National Gaming‘s cash flow last quarter. M Resort hit a … Continue reading →

Posted in Alabama, California, Economy, Election, Entertainment, Fontainebleau, Illinois, M Resort, Marketing, Massachusetts, MGM Mirage, Penn National, Politics, Sheldon Adelson, Slot routes, Station Casinos, The Strip, Tribal, Wall Street | Comments Off

Pinnacle dominates Louisiana; Trump settles Vegas case

Posted on July 22, 2016 by David McKee

Pulled under by the Shreveport/Bossier City market (-6%), June gaming numbers in Louisiana came in 3% off last year’s. Pinnacle Entertainment‘s Boomtown Bossier ($5 million) far outperformed the competition, up 11%. Hardest hit were the Caesars Entertainment properties, with usually reliable … Continue reading →

Posted in Atlantic City, Boyd Gaming, Carl Icahn, Churchill Downs, Culinary Union, Donald Trump, GLPI, Harrah's, Isle of Capri, Louisiana, Palms, Penn National, Pinnacle Entertainment, Racinos, Slot routes, Station Casinos, Tilman Fertitta, Tropicana Entertainment, Unite-Here | Comments Off

Station goes to Reno; Tohono O’odham trip themselves up

Posted on July 15, 2016 by David McKee

Continuing its sudden flurry of activity, Station Casinos is reviving its dormant Reno-area aspirations. The company is acting on its eight-acre parcel opposite the Reno-Sparks Convention Center, a strategic location if ever there were one. The $50 million-$70 million project … Continue reading →

Posted in Arizona, Massachusetts, Pennsylvania, Regulation, Reno, Sports, Station Casinos, Tribal, Wall Street | Comments Off

Station trumps stadium selection

Posted on July 8, 2016 by David McKee

Station Casinos has vaulted to the forefront of the parties vying to host an NFL-size stadium on their property. While Station’s vast real estate bank has long been viewed as the ace up its sleeve, the company has had difficulty … Continue reading →

Posted in Architecture, Lucky Dragon, MGM Mirage, Riviera, Sheldon Adelson, SLS Las Vegas, Sports, Station Casinos, The Strip, Transportation | Comments Off

Vegas: Weak on Strip, robust in locals play

Posted on June 30, 2016 by David McKee

One less weekend and a tough comparison with last year’s Mayweather-Pacquiao charade translated into a weak May for both the Las Vegas Strip, down 12%, and Nevada casinos in general, 4.5% off the pace. There were some sort of bright … Continue reading →

Posted in Boulder Strip, Boyd Gaming, Downtown, Internet gambling, Lake Tahoe, Laughlin, Macau, Nevada, North Las Vegas, Pansy Ho, Pennsylvania, Reno, Sheldon Adelson, Stanley Ho, Station Casinos, The Strip, Wall Street | Comments Off

Tipping point in Pennsylvania near; Cirque du NFL

Posted on June 23, 2016 by David McKee

“I think gaming expansion money in one form or another is necessary for this budget process to be complete,” spoke Pennsylvania House Majority Leader Dave Reed (R). With Gov. Tom Wolf (D, right) having given way on sales-tax and income-tax … Continue reading →

Posted in Cirque du Soleil, Economy, International, Internet gambling, Lawrence Ho, Macau, Marketing, Melco Crown Entertainment, MGM Mirage, Mississippi, Pennsylvania, Politics, Sheldon Adelson, Slot routes, Sports, Station Casinos, Steve Wynn, Taxes, The Strip, Wall Street | Comments Off

Atlantic City goes to pot; MGM, Boyd, Pinnacle, Red Rock Resorts meet The Street

Posted on June 17, 2016 by David McKee

We’ve come a long way from the days of Reefer Madness. Latest case in point: Atlantic City, where Assemblyman Reed Gusciora (D) is pushing recreational “tea” as a cure to the city’s penurious condition. Weed would be legalized on the Boardwalk and … Continue reading →

Posted in Atlantic City, Boulder Strip, Boyd Gaming, Cannery Casino Resorts, CityCenter, Economy, Georgia, Glenn Straub, Harrah's, Illinois, Indiana, Internet gambling, Macau, Marketing, Maryland, MGM Mirage, Mississippi, Missouri, Palms, Pinnacle Entertainment, Politics, Reno, Scientific Games, Station Casinos, The Strip, Wall Street | Comments Off

Trump: How to make out like a bandit; Big plans for Station

Posted on June 13, 2016 by David McKee

To give the devil his due, if you visit Trump Taj Mahal and are dismayed because “carpets are frayed and dust-coated chandeliers dangle above the few customers there to play the penny slot machines,” you are not entirely witnessing the … Continue reading →

Posted in Atlantic City, Boyd Gaming, Donald Trump, Harrah's, IGT, MTR Gaming, Palms, Regulation, Riviera, Station Casinos, Technology, The Strip, Tilman Fertitta, Transportation, Trump Entertainment Resorts, Wall Street | 1 Comment

This just in …

Posted on June 8, 2016 by David McKee

An LVA source tips the Fertitta Brothers as the mystery buyers of Fontainebleau. They have at least two of the prerequisites: a “presence” in gaming and access to capital (Wall Street loves it some Red Rock Resorts these days). But … Continue reading →

Posted in Fontainebleau, Reno, Station Casinos, The Strip | 1 Comment

Monte Carlo, meet Park MGM; Wynn, Adelson, Barrack help Trump

Posted on June 3, 2016 by David McKee

In the end, MGM Resorts International CEO Jim Murren couldn’t decide between “The Park” and “The Park at MGM Grand” as the new name for Monte Carlo, so he dubbed it Park MGM, which sounds like someplace you leave your … Continue reading →

Posted in Charity, Colony Capital, Donald Trump, Entertainment, Environment, Harrah's, Massachusetts, MGM Mirage, Michael Gaughan, Sheldon Adelson, Sports, Station Casinos, Steve Wynn, The Strip, Transportation | Comments Off

New era at Trump Taj Mahal; Blasphemous gambling promo spanked

Posted on May 24, 2016 by David McKee

He’s been handed a small budget ($15 million) for the task at hand, but new Trump Taj Mahal boss Anthony Rodio has been charged with undoing the damage inflicted on the property during the Bob Griffin era. This includes “reactivating … Continue reading →

Posted in Affinity Gaming, Atlantic City, Boyd Gaming, Cannery Casino Resorts, CityCenter, Dining, history, Internet gambling, Macau, MGM Mirage, Penn National, Regulation, Sports, Stanley Ho, Station Casinos, Tamares Group, Technology, Tropicana Entertainment, Unite-Here | 1 Comment

Wall Street loves Red Rock; ColSux foiled again

Posted on May 24, 2016 by David McKee

Wall Street analysts are initiating coverage of Red Rock Resorts and they like what they see. JP Morgan‘s Joseph Greff put a $25 price target on the stock, emboldened in part by RRR’s acquisition of the Palms and its growing … Continue reading →

Posted in Columbia Sussex, Dining, Downtown, Economy, Environment, Harrah's, history, Kentucky, Palms, Reno, Station Casinos, The Strip, Tribal | Comments Off

Top Golf’s impressive debut; Lucky Dragon’s calculated risk

Posted on May 18, 2016 by David McKee

“My only problem is A.D.D.” read the T-shirt of one of the celebrants at last night’s opening of Top Golf, on the MGM Grand campus. He was certainly in the right place. If you are serious about honing your skills, … Continue reading →

Posted in Boyd Gaming, Churchill Downs, Entertainment, Foxwoods, G2E, Geoff Freeman, Illinois, Internet gambling, Law enforcement, Lucky Dragon, Macau, Marketing, MGM Mirage, Mohegan Sun, Pennsylvania, Philippines, Regulation, Sheldon Adelson, SLS Las Vegas, Sports, Station Casinos, Technology, The Strip | Comments Off

Weidner headed to Vietnam?; Nazarian on the rebound

Posted on May 13, 2016 by David McKee

William Weidner hasn’t finished Lucky Dragon Casino yet and he’s already flashing some leg at the Vietnamese government (or so it appears), seeking a $4 billion casino megaresort in Ho Chi Minh City (to most us, Saigon). Financing Lucky Dragon … Continue reading →

Posted in Architecture, Boyd Gaming, Hard Rock Hotel, International, Lucky Dragon, Macau, Marketing, Morgans Hotel Group, Palms, Regulation, Sam Nazarian, Station Casinos, Wall Street | Comments Off