Category Archives: Station Casinos

Palms purchase confirmed; Adelson gets rapped

Posted on May 12, 2016 by David McKee

It’s official: Red Rock Resorts has purchased The Palms for $312.5 million. It got a bargain when one considers the inventory that comes with the deal — the Palms Place condo tower, 710 hotel rooms, 85 of the most famous … Continue reading →

Posted in Culinary Union, Economy, Law enforcement, Macau, Palms, Philippines, Regulation, Sheldon Adelson, Station Casinos, The Strip | 1 Comment

Station snapping up Palms?

Posted on May 9, 2016 by David McKee

Just when you thought Station Casinos was taking a nap, it up and surprises you. According to LVA sources, Station has purchased the Palms, bringing it nearer the Strip than ever and lending an extra cachet of hipness to the … Continue reading →

Posted in Ameristar, Columbia Sussex, George Maloof, history, North Las Vegas, Palms, Station Casinos, The Strip | Comments Off

Fertittas strike it rich(er); Boyd surprises analysts

Posted on April 27, 2016 by David McKee

Red Rock Resorts — aka Station Casinos — split the difference in Wall Street‘s expectations of this week’s IPO, debuting a $19.50 (Street estimates ranged from $18 to $21 a share). Unfortunately, unlike the MGM Growth Partners offering, the goal … Continue reading →

Posted in Atlantic City, Boulder Strip, Boyd Gaming, Cannery Casino Resorts, Hawaii, history, MGM Mirage, Mississippi, North Las Vegas, Reno, Sheldon Adelson, Sports, Station Casinos, The Strip, Tourism, Wall Street | Comments Off

Boyd strikes again; Wynn vs. Wynn III

Posted on April 22, 2016 by David McKee

Continuing its thrust into North Las Vegas, a suddenly acquisitive Boyd Gaming has obtained Aliante Casino Hotel & Spa. Unlike its surprise, if still unconfirmed, swoop upon Cannery Casino Resorts, here Boyd is snapping up a property we knew was … Continue reading →

Posted in Boyd Gaming, Cannery Casino Resorts, Marketing, MGM Mirage, North Las Vegas, Sahara, Station Casinos, Steve Wynn, The Strip, Wall Street | Comments Off

Station: New name, same old shtick

Posted on April 19, 2016 by David McKee

We’re going to have to get used to calling Station Casinos by its new corporate moniker, Red Rock Resorts (ticker symbol RRR). Oh, the Station brand isn’t going anywhere: For consumer-oriented purposes, all the Stations and Wildfires and so on … Continue reading →

Posted in Golden Gaming, Law enforcement, Massachusetts, Penn National, Reno, Slot routes, Station Casinos, Wall Street | Comments Off

Big change for Tropicana; MGM wins in Springfield

Posted on February 24, 2016 by David McKee

Tri-State News, Weather Indiana will have a second land-based casino (three, if Majestic Star gets its way) after the Indiana Gaming Commission looked with favor on the pleas of Tropicana Entertainment and the Evansville city fathers. “That money allows us to buy … Continue reading →

Posted in Architecture, Atlantic City, Boyd Gaming, Culinary Union, Don Barden, Economy, Indiana, Majestic Star, Massachusetts, MGM Mirage, Mississippi, Regulation, Station Casinos, Steve Wynn, The Strip, Tilman Fertitta, Tropicana Entertainment, Unite-Here | Comments Off

Banner week for Wynn, Station; Life after Macao for MGM

Posted on February 19, 2016 by David McKee

Station Casinos closed out the year on a strong note, posting its 11th straight quarter of net revenue growth and 19th of improved cash flow. It marked blue-ribbon finish to a year that saw the highest revenues for the company … Continue reading →

Posted in CityCenter, Detroit, Harrah's, Macau, MGM Mirage, Mississippi, Station Casinos, Steve Wynn, The Strip, Tourism, Transportation, Wall Street | 3 Comments

Wynn, Walsh make peace; Borgata ups the ante

Posted on January 28, 2016 by David McKee

In the end, it was all about the money. In return for an extra $400,000 per year for the next 15 years, plus reimbursement of $750,000 in legal fees, Boston Mayor Martin Walsh dropped his efforts to block Wynn Everett. “We fought … Continue reading →

Posted in Architecture, Atlantic City, Boyd Gaming, Lucky Dragon, Massachusetts, MGM Mirage, Station Casinos, Steve Wynn, Taxes, The Strip, Wall Street | Comments Off

Another card room busted; Station becomes Red Rock

Posted on January 22, 2016 by David McKee

Scarcely was the ink dry on the American Gaming Association‘s proclamation of improved anti-money-laundering compliance than a plea-bargaining agreement was revealed involving the Normandie Casino, a venerable Gardena, California, card room. According to the Los Angeles Times, the Normandie “failed … Continue reading →

Posted in California, Economy, Geoff Freeman, Internet gambling, Law enforcement, Macau, Massachusetts, MGM Mirage, Neil Bluhm, Pennsylvania, Sheldon Adelson, Station Casinos, Tribal, Wall Street | Comments Off

GLPI gets a racino; Reckless casino rhetoric

Posted on December 16, 2015 by David McKee

After over a year of litigation, Gaming & Leisure Properties has come to terms with Cannery Casino Resorts over the sale of Meadows Racetrack, near Pittsburgh. (Next step for GLPI, find an operator. Penn National Gaming? Pinnacle Entertainment?) Considering that … Continue reading →

Posted in Boyd Gaming, Cannery Casino Resorts, Dining, Election, GLPI, Harrah's, Maryland, Movies, Penn National, Pennsylvania, Pinnacle Entertainment, Racinos, Sheldon Adelson, Station Casinos, Wall Street | 1 Comment

SLS gets new patron; Mixed quarter at Caesars

Posted on November 10, 2015 by David McKee

Revolving doors continue to spin, metaphorically, at SLS Las Vegas. No sooner had Hilton Worldwide dropped the property from its Curio brand but Starwood Resorts Worldwide picked up part of the property and slapped its W hotel escutcheon on it. The … Continue reading →

Posted in Harrah's, International, Macau, Marketing, Maryland, Regulation, Sam Nazarian, SLS Las Vegas, Station Casinos, Technology, The Strip | 1 Comment

Straub has new plan for Revel; Station cans Cactus Lane casino

Posted on November 4, 2015 by David McKee

Glenn Straub can’t even heat Revel but he’s got his sights on becoming Atlantic City‘s biggest slumlord. The ever-unpredictable billionaire’s latest plan for the megaresort is to use it to house Syrian refugees. However, this homeless-hostel offer is good for … Continue reading →

Posted in Atlantic City, Glenn Straub, Internet gambling, Michael Gaughan, Regulation, Reno, Revel, Sports, Station Casinos, Taxes, The Strip, Westgate LV | Comments Off

Caesars loses Ohio; Parking fees on the Strip?

Posted on November 2, 2015 by David McKee

In a lose-lose scenario, Caesars Entertainment is losing its management contracts at Horseshoe Cincinnati, Horseshoe Cleveland and Thistledown Racino. Even with the valuable Horseshoe brand, all three had been losing business in recent months. Caesars had long ago sold its … Continue reading →

Posted in CityCenter, Current, Dan Gilbert, Harrah's, James Packer, Lawrence Ho, Macau, Marketing, Maryland, MGM Mirage, Ohio, Regulation, Sheldon Adelson, Station Casinos, Steve Wynn, Technology, The Strip, Transportation | 1 Comment

MGM: The Murren roars

Posted on October 29, 2015 by David McKee

In one of the year’s least surprising surprises, MGM Resorts International announced that it is spinning 10 of its casinos off into a REIT and is in a hurry to do so, expecting the transaction to close in the first … Continue reading →

Posted in CityCenter, Illinois, Macau, Maryland, Massachusetts, MGM Mirage, Mississippi, Station Casinos, Wall Street | 1 Comment

Illinois to act on DFS

Posted on October 27, 2015 by David McKee

Today, a bill is anticipated to be put in the hopper of the Illinois Legislature to regulate daily fantasy sports. The brainchild of Rep. Mike Zalewski (D), “it would create standards for auditing daily fantasy companies that want to do business … Continue reading →

Posted in Dining, Illinois, Internet gambling, Politics, Regulation, Station Casinos, The Strip | Comments Off

Station goes public; Florida compact near?

Posted on October 14, 2015 by David McKee

Having tried and failed to grow the company through an LBO, Station Casinos is returning to the public markets again, citing “favorable economic and market fundamentals” in support of an IPO. An executive shakeup that included the promotion of Rich Haskins … Continue reading →

Posted in Atlantic City, Boyd Gaming, Economy, Florida, Fontainebleau, Horseracing, Internet gambling, New York, Pennsylvania, Politics, Seminole Tribe, Sheldon Adelson, SLS Las Vegas, Station Casinos, Steve Wynn, Wall Street | Comments Off

Adelson finds his man

Posted on October 13, 2015 by David McKee

Marco Rubio could be justthisclose to a Sheldon Adelson endorsement. When Rubio was in Las Vegas last week, playing counterpoint to Donald Trump, he had a meeting with Adelson that “had an air of importance” according to Politico.com. Should Adelson … Continue reading →

Posted in Culinary Union, Donald Trump, Election, Florida, Geoff Freeman, Internet gambling, Politics, Sheldon Adelson, Station Casinos, Wall Street, Wisconsin | 3 Comments

Culinary Union declares war on Deutsche Bank; The NFL’s dirty hands

Posted on September 14, 2015 by David McKee

Deutsche Bank, in its role as 25% shareholder in Station Casinos, continues to draw fire from the Culinary Union. Let’s clear up a couple of things first. Yes, the Culinary still has an axe to grind with Station over the … Continue reading →

Posted in Culinary Union, Entertainment, Harrah's, history, Oklahoma, Regulation, Sam Nazarian, Sports, Station Casinos, Tamares Group, Tribal | Comments Off

SLS: The news just gets worse

Posted on July 17, 2015 by David McKee

Despite SLS Las Vegas having lost $183 million in its first eight months of operation, against pitiful revenues of $88 million, President Scott Kreeger insists that owner Stockbridge Capital is in it for the long haul. It has to be, Sam … Continue reading →

Posted in Alabama, Entertainment, International, Internet gambling, Marketing, Politics, Racinos, Revel, Sam Nazarian, SLS Las Vegas, Station Casinos, Taxes, Wall Street | 3 Comments

Mirage volcano muzzled; Macao gives the industry hope

Posted on July 14, 2015 by David McKee

One of Vegas’ most iconic attractions is getting minimized. The Mirage volcano will now only erupt twice on weeknights and thrice on weekends. This austerity move is a concession to MGM Resorts International‘s huge debt overhang. It was also supposedly … Continue reading →

Posted in Economy, Environment, Harrah's, International, Macau, Melco Crown Entertainment, MGM Mirage, Mississippi, Philippines, Sheldon Adelson, South Korea, Station Casinos, Steve Wynn, Taxes, The Strip, Tourism | Comments Off