Category Archives: Station Casinos

Accord in Kentucky; Atlantic City on the move; James Packer’s comeback

Posted on July 5, 2013 by David McKee

But there are still some stirrings of activity on the casino front. For starters, Bwin.Party has agreed to fork over $15 million to Kentucky. According to the company the payment “resolves the only remaining litigation … that stems from our … Continue reading →

Posted in Atlantic City, Boyd Gaming, California, Cirque du Soleil, Colony Capital, Current, Entertainment, International, Internet gambling, James Packer, Kentucky, MGM Mirage, Regulation, Station Casinos, Taxes, The Strip, Tribal | Comments Off on Accord in Kentucky; Atlantic City on the move; James Packer’s comeback

Station 2, Caesars 0; Death in Vegas

Posted on July 2, 2013 by David McKee

My expectation that Caesars Entertainment, leveraging its World Series of Poker brand, would outstrip Station Casinos‘ online-gaming offerings is looking unduly optimistic. Caesars Interactive hasn’t been able to get out of the driveway while Ultimate Gaming has gone virtually coast-to-coast. … Continue reading →

Posted in Atlantic City, Boyd Gaming, Cirque du Soleil, Donald Trump, Economy, Harrah's, history, Illinois, Internet gambling, MGM Mirage, Slot routes, Station Casinos, The Strip | 1 Comment

History in the making; Mohegan Sun: Go fly a balloon

Posted on June 25, 2013 by David McKee

Soon, the North Fork Rancheria Band of Mono Indians is expected to become not only California‘s 63rd gaming-enabled tribe but the first with an off-reservation casino. The medium-sized (2,000 slots, 200 hotel rooms) facility would be 36 miles off the … Continue reading →

Posted in California, Cordish Co., Current, Entertainment, Massachusetts, Mesquite, Station Casinos, Tribal | Comments Off on History in the making; Mohegan Sun: Go fly a balloon

Penn: Start making sense!; Casinos clean up in Lege

Posted on June 4, 2013 by David McKee

Casinos in Ohio have not been living up to revenue expectations. Given such a fallow market, what has Penn National Gaming decided to do? Break ground on two racinos, of course! One is in the Dayton area, the other — … Continue reading →

Posted in Boyd Gaming, Current, Dan Gilbert, Economy, Harrah's, Internet gambling, Macau, MGM Mirage, MTR Gaming, Neil Bluhm, Ohio, Penn National, Politics, Racinos, Sheldon Adelson, Slot routes, Stanley Ho, Station Casinos, World Series of Poker | 1 Comment

The Caesars squeeze

Posted on May 28, 2013 by David McKee

While the emperor (CEO Gary Loveman) may have escaped the Ides of March this year, knots of discontented tribunes are gathering on the Forum steps, muttering darkly.  A cabal of hedge funds led by Silver Point Capital is looking at … Continue reading →

Posted in Current, Dan Gilbert, Economy, Internet gambling, Isle of Capri, Macau, Massachusetts, Ohio, Regulation, Station Casinos, Wall Street | 1 Comment

Christie’s big bet; New Hampshire’s big blunder; Nevada’s big bully

Posted on May 23, 2013 by David McKee

New Jersey Gov. Chris Christie (R) is banking on $180 million in Internet casino revenue to make his budget work. That might be a little off — if by “little” you mean 80%. Online wagering could bring in a comparatively … Continue reading →

Posted in Current, Dan Gilbert, Detroit, Economy, Election, Harrah's, International, Internet gambling, Maine, Massachusetts, New Hampshire, Politics, Slot routes, Sports, Station Casinos, Taxes, Wall Street | 1 Comment

Inside the Adelson verdict; Wackiness in Illinois

Posted on May 15, 2013 by David McKee

Early news reports held that yesterday’s $70 million judicial beat-down of Las Vegas Sands was unanimous. Not so, it turns out. At least one juror felt that Macao schmoozer Richard Suen had neither demonstrated the existence of a contract with … Continue reading →

Posted in Current, Economy, Illinois, Macau, Politics, Regulation, Sheldon Adelson, Slot routes, Station Casinos, Steve Wynn, Taxes | 2 Comments

Big vote in Beantown?; Penn National short-sheets Maryland

Posted on May 14, 2013 by David McKee

That’s what it could come to in Boston, if mayoral candidate — and current Suffolk County D.A. — Daniel Conley gets his wish. Rather than simply letting East Boston vote up or down on Caesars Entertainment‘s proposed conversion of Suffolk … Continue reading →

Posted in Architecture, Current, Election, Harrah's, Internet gambling, Maryland, Massachusetts, MGM Mirage, Penn National, Politics, Racinos, Regulation, Station Casinos | 2 Comments

The wrath of PokerStars; Hart’s win; NV Internet poker: Too soon to tell?

Posted on May 6, 2013 by David McKee

That “thud” you just heard was the price of an Atlantic City casino hitting its lowest level ever. In litigation filed against Colony Capital, spurned buyer Rational Group said it was to have paid only $15 million for the Atlantic … Continue reading →

Posted in Atlantic City, Carl Icahn, Colony Capital, Current, Harry Reid, IGT, Internet gambling, Politics, Station Casinos, Tourism, Wall Street | 4 Comments

Revel: Christie catches a break; Illinois remains suicidal; Online poker debuts in Nevada

Posted on May 2, 2013 by David McKee

New Jersey Gov. Chris Christie (R) is one lucky fellow. Bankrupt Revel threatened to become an albatross around his neck, thanks to a $261 million tax break that Christie helped push through Trenton. Last week, it turned out that Revel … Continue reading →

Posted in Ameristar, Atlantic City, Current, Illinois, International, Internet gambling, Missouri, Penn National, Pinnacle Entertainment, Politics, Regulation, Revel, Station Casinos, Taxes, Technology | 1 Comment

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

Good and bad ideas in marketing; Small is beautiful, Vegas

Posted on April 18, 2013 by David McKee

Break out a flagon of whatever Derek Stevens is drinking and put it on my tab, lads. To commemorate the first leg of the Triple Crown, he’s holding a May 3-4 Sigma Derby tournament. Buy-in starts at $50, so starting … Continue reading →

Posted in Architecture, Boyd Gaming, Current, Derek Stevens, Detroit, Downtown, Economy, Goldman Sachs, Harry Reid, history, Horseracing, Marketing, MGM Mirage, Morgans Hotel Group, Pennsylvania, Sam Nazarian, Sports, Station Casinos, The Strip | 1 Comment

A chilly wind in Atlantic City; They gave a casino and nobody came

Posted on April 11, 2013 by David McKee

One doesn’t really think of going to shore in March, so it’s no surprise that Atlantic City casino revenues were — excluding Revel — down 14% last month. The latter grossed $10 million, pulling it almost dead even with the … Continue reading →

Posted in Architecture, Boulder Strip, Boyd Gaming, Colony Capital, Current, Donald Trump, Downtown, Economy, Harrah's, Oklahoma, Revel, Slot routes, Station Casinos, Texas, Tilman Fertitta, Tourism, Transportation, Tribal | Comments Off on A chilly wind in Atlantic City; They gave a casino and nobody came

Goett with the wind

Posted on April 10, 2013 by David McKee

Since Colliers International hasn’t been able to move Gary Goett‘s 100 gaming-enabled acres on St. Rose Parkway and I-15, at $1.25 million per acre, he’s still got time to rethink his decision not to build his Southern Highlands megaresort (left), … Continue reading →

Posted in Architecture, Boyd Gaming, Gary Goett, M Resort, Michael Gaughan, North Las Vegas, Penn National, Station Casinos, Steve Wynn | Comments Off on Goett with the wind

Revel: It was all downhill from here

Posted on April 8, 2013 by David McKee

Yeah, Beyoncé is a hard act to follow but who knew that Revel would fall so far, so fast? So enjoy this brief moment when things looked so very promising* …  in the meantime, I’m running down leads on some … Continue reading →

Posted in Atlantic City, Boulder Strip, Boyd Gaming, Dining, Downtown, Entertainment, Gary Goett, history, Michael Gaughan, North Las Vegas, Revel, Station Casinos, Tamares Group | 6 Comments

Revel: Don’t cry for him, Argentina; Are Twinkies the new Caesars?

Posted on March 13, 2013 by David McKee

Revel Atlantic City‘s day of deliverance is at hand: CEO Kevin DeSanctis has been ousted, along with Chief Investment Officer Michael Garrity. But there’s no need to shed tears over their fate. They will continue “developing amenity projects” for Revel … Continue reading →

Posted in Atlantic City, Boyd Gaming, Carl Icahn, Colony Capital, Current, Dennis Gomes, Dining, Donald Trump, Downtown, Economy, Harrah's, Internet gambling, Movies, Station Casinos, Tilman Fertitta, Tribal, Tropicana Entertainment, Wall Street | 2 Comments

Echelon no more: Boyd humiliated yet again; Caesars pulls another plug

Posted on March 4, 2013 by David McKee

If you’ll pardon my vulgarity, shit got real while I was tied up with other projects. Last week’s sale of excess baggage Dania Jai-Alai in Florida was just a tiny prelude to this morning’s blockbuster: Echelon is kaput. Instead, Boyd Gaming … Continue reading →

Posted in Architecture, Atlantic City, Boyd Gaming, Carl Icahn, CityCenter, Current, Downtown, Economy, Environment, Florida, Fontainebleau, Genting, Harrah's, history, International, Kansas, Mississippi, New York, Plaza, Politics, Racinos, Regulation, Sahara, Singapore, Station Casinos, The Strip, Wall Street | 7 Comments

Merger of the Nerds; Cosmo picketed

Posted on January 31, 2013 by David McKee

With 2013 shaping up as a good year for slot sales, Scientific Games has chosen this moment to pounce upon WMS Industries, one of the oldest, biggest and most-respected firms in the industry. SGMS shares promptly leapfrogged from $8.93 to … Continue reading →

Posted in Cosmopolitan, Culinary Union, Current, Harry Reid, IGT, Internet gambling, Politics, Scientific Games, Sheldon Adelson, Station Casinos, The Strip, Wall Street, WMS Industries | 2 Comments

November in Vegas: The house lost; Players jilt Caesars in A.C.

Posted on January 10, 2013 by David McKee

There’s no other way of saying it (although many are trying). Strip casinos got their clocks cleaned in November as Lady Luck favored the punters, not the house. A 13% dropoff on the Strip was driven by a perfect storm … Continue reading →

Posted in Atlantic City, Bally Technologies, Boulder Strip, Boyd Gaming, Colony Capital, Current, Donald Trump, Downtown, Economy, Harrah's, Lake Tahoe, Laughlin, North Las Vegas, Revel, Station Casinos, The Strip, Tourism, Tribal, Tropicana Entertainment, Wall Street | 5 Comments

MGM Cotai clears final barrier; devil in the Maryland details

Posted on January 9, 2013 by David McKee

Although the government of Macao enjoys nothing better than to make casino owners wait and fidget for their land leases to be “gazetted,” today is MGM Resorts International‘s lucky day. MGM China received final approval for its Cotai Strip megaresort. … Continue reading →

Posted in Boyd Gaming, California, Current, Macau, Marketing, Maryland, Melco Crown Entertainment, MGM Mirage, Penn National, Politics, Regulation, Sheldon Adelson, Stanley Ho, Station Casinos, Steve Wynn, Tourism, Transportation, Tribal, TV, Wall Street | Comments Off on MGM Cotai clears final barrier; devil in the Maryland details