Category Archives: Station Casinos

Wall Street to Boyd: “Bleah!”; Blood & Gore

Posted on April 25, 2012 by David McKee

It was a thankless day for Boyd Gaming: It exceeded Wall Street‘s expectations for 1Q12 and stock analysts yawned in the company’s face. Wrote Deutsche Bank‘s Carlo Santarelli, “the fundamental setup … remains tough,” due to a highly competitive locals … Continue reading →

Posted in Atlantic City, Boyd Gaming, Current, Dennis Gomes, Downtown, Economy, Goldman Sachs, Harrah's, Louisiana, Mississippi, Pinnacle Entertainment, Racinos, Regulation, Station Casinos, Wall Street | Comments Off

Worst operator of 2011; GSA’s wrong amount of wrong

Posted on April 4, 2012 by David McKee

Worst of the year? That’d be Grand Station Casino, a former Harrah’s riverboat in Vicksburg, and its owners, Delta Development & Investments. They managed to parlay a $3.25 million steal of a casino that could have gone for $35 million … Continue reading →

Posted in Atlantic City, Bally Technologies, Culinary Union, Current, Economy, Harry Reid, M Resort, Macau, Marketing, Mississippi, North Las Vegas, Penn National, Politics, Sheldon Adelson, Singapore, Station Casinos, The Strip, Tourism | 2 Comments

Adelson minions visit Encore: Big Gaming courts Wall Street

Posted on March 20, 2012 by David McKee

There will be Ice Capades in Hell before Sheldon Adelson sets foot in Encore, I should expect. However, with J.P. Morgan holding an investor conference at Wynncore, it would be poor form of Las Vegas Sands — currently the darling … Continue reading →

Posted in Ameristar, Atlantic City, Boyd Gaming, Cordish Co., Current, Detroit, Economy, Harrah's, International, Internet gambling, Kansas, Louisiana, M Resort, Macau, Marketing, Maryland, Massachusetts, MGM Mirage, Mississippi, Missouri, Ohio, Penn National, Pennsylvania, Pinnacle Entertainment, Racinos, Regulation, Sheldon Adelson, Singapore, Station Casinos, Steve Wynn, The Strip, Tourism, Wall Street, West Virginia | Comments Off

Moody’s no longer moody on Vegas; Golden Gate upsizes

Posted on March 20, 2012 by David McKee

Caution, thy name is Moody’s Investors Service. So if Moody’s is bullish on the near-term future of Las Vegas, I guess we can well and truly believe that a recovery is here … well, on the Strip. Away from Las … Continue reading →

Posted in Atlantic City, CityCenter, Current, Dennis Gomes, Derek Stevens, Don Barden, Downtown, Economy, Entertainment, Gary Goett, Marketing, North Las Vegas, Sahara, Sheldon Adelson, Station Casinos, Steve Wynn, Tamares Group, The Strip, Tourism, Tribal, Wall Street | 3 Comments

Sands’ new strategy: Blame Genting; Big Gaming backs Romney

Posted on February 15, 2012 by David McKee

First, the good news. Las Vegas Sands is signaling that it is not going to take its ball and come home from Florida, regardless of what lobbyist Nick Iarossi said last week. However, Sands’ emissary to the Sunshine State, Andy … Continue reading →

Posted in Atlantic City, Carl Icahn, Colony Capital, Current, Donald Trump, Downtown, Economy, Election, Florida, Genting, Goldman Sachs, Harrah's, International, Internet gambling, LVCVA, Politics, Sheldon Adelson, Station Casinos, Steve Wynn, Tamares Group, The Strip, Tropicana Entertainment, Wall Street | 1 Comment

Case Bets: Okada in Manila; Big shots fall hard

Posted on February 1, 2012 by David McKee

Rushing in where angels fear to tread, Kazuo Okada (right) has broken ground on his $2 billion, two-casino megaresort in the Philippines. You may remember the project as a bitter point of contention between Okada and erstwhile BFF Steve Wynn, … Continue reading →

Posted in Cretins, Current, Encore, Hard Rock Hotel, International, Morgans Hotel Group, Pennsylvania, Regulation, Reno, Sheldon Adelson, Sports, Station Casinos, Steve Wynn | Comments Off

Station Casinos: In your face

Posted on January 26, 2012 by David McKee

For a company that bridles at negative press coverage, Station Casinos has a genius for provoking it. Case in point: Its increasingly hysteria-tinged campaign toward the Culinary Union. Up until now, it’s been confined to a series of overwrought, unintentionally … Continue reading →

Posted in Culinary Union, Current, Economy, Environment, Harrah's, Marketing, Station Casinos, TV | 2 Comments

When executives attack: The Quickening

Posted on January 24, 2012 by David McKee

OK, you’ve heard the sound bites, read the correspondence, seen the over-the-top tactics. Now Station Casinos and the Culinary Union have to make their case to a higher authority: Jon Ralston. (Historical footnote: When Ameristar Casinos bought Station out of … Continue reading →

Posted in Ameristar, Archon Corp., Boulder Strip, Culinary Union, George Maloof, Missouri, North Las Vegas, Station Casinos, TV | Comments Off

When executives attack; Sheldon’s new beard; Wall Street loves it some MGM

Posted on January 24, 2012 by David McKee

Few YouTube feeds are more prolific and state of the art than that of Station Casinos (although they really ought to think twice about posting cell-phone footage online; it looks rinky-dink). However, what you will not see is an ad … Continue reading →

Posted in Atlantic City, Boyd Gaming, Colony Capital, Culinary Union, Current, Election, Florida, Macau, MGM Mirage, Sheldon Adelson, Station Casinos, Texas, TV, Wall Street | 2 Comments

Meet Virginia McDowell, Part I

Posted on January 13, 2012 by David McKee

What are your plans for Nemacolin Woodlands Resort, in Pennsylvania? We’re still waiting for the appeal process to wind its way through the courts. The original plan called for to build on an existing facility on the Nemacolin property, which … Continue reading →

Posted in Downtown, Economy, Entertainment, Florida, G2E, Iowa, Isle of Capri, Marketing, Missouri, Pennsylvania, Station Casinos, Taxes, Technology, Texas, Tourism, Tribal | 3 Comments

Sheldon Adelson, wuss; MGM pounces; Slipper-y logic; Enter whining

Posted on January 12, 2012 by David McKee

What manner of fool spends $5 million to disseminate a film that he’s never seen and whose content he claims not to endorse? Sheldon Adelson, that’s who. After his latest political favorite got clobbered in the New Hampshire primary, Adelson … Continue reading →

Posted in Alex Yemenidjian, Ameristar, Cordish Co., Dan Lee, Donald Trump, Economy, Election, Harrah's, Iowa, Isle of Capri, Jack Binion, Louisiana, Massachusetts, Mississippi, Movies, Neil Bluhm, Penn National, Pennsylvania, Pinnacle Entertainment, Politics, Racinos, Regulation, Sheldon Adelson, Station Casinos, Tourism, Transportation, Tribal, Tropicana Entertainment, TV | Comments Off

Birthday wishes and congratulations

Posted on January 9, 2012 by David McKee

OK, so we’re six months early but this year marks the 50th anniversary of the Eldorado, which opened in downtown Henderson on July 1, 1962. Locals casinos wouldn’t become an industry unto themselves for years yet but the Eldorado and … Continue reading →

Posted in Boulder Strip, Boyd Gaming, history, MGM Mirage, Problem gambling, Station Casinos | 1 Comment

The Last Hoot

Posted on January 5, 2012 by David McKee

I’m whaling away on a couple of non-gaming fronts today but I wanted to at least drop in and say that Hooters Casino Hotel goes on the block next month, so bust open your piggy banks. But seriously … Creditor-in-Chief … Continue reading →

Posted in Alex Yemenidjian, Current, Entertainment, Hooters, Station Casinos, The Strip | Comments Off

Casinos in Kentucky … soon?; Tenants to Sands: Let my people go!

Posted on December 2, 2011 by David McKee

Per S&G‘s prediction, Kentucky Gov. Steve Beshear (D) wasted little time after winning reelection before resuming his push for casino legalization. You’d never think that he beat opponent state Senate President David Williams (R) like a drum at the ballot … Continue reading →

Posted in Current, Dining, Economy, Election, Entertainment, Kentucky, Pennsylvania, Racinos, Sheldon Adelson, Station Casinos, Taxes, The Strip | Comments Off

Sam’s Town: Sound and flurries

Posted on November 30, 2011 by David McKee

At the same time the cast of Viva Elvis™ was getting pink-slipped across town, Boyd Gaming was busting out its new-and-improved version of Mystic Falls, the amusement park centerpiece of Sam’s Town. (Or, to use the official nomenclature, “Mystic Falls … Continue reading →

Posted in Boulder Strip, Boyd Gaming, Cirque du Soleil, Dining, Entertainment, Oscar Goodman, Station Casinos | Comments Off

Station: We love ourselves

Posted on October 27, 2011 by David McKee

If you live in the Las Vegas area, you’ve been exposed to the months-long “We Love Locals” ad blitz with which Station Casinos has been attempting to shore up its image. The company’s heedless expansionism, exorbitant executive salaries, its LBO … Continue reading →

Posted in Boulder Strip, Current, Economy, Marketing, Movies, Sheldon Adelson, Station Casinos, Steve Wynn, TV | 2 Comments

Aliante Station changes hands but little else; Amigo Adelson

Posted on October 21, 2011 by David McKee

Aliante Station is now formally the property of Texas Pacific Group, Standard General and Apollo Management. Two of those funds also own Caesars Entertainment, which might create some interesting “Chinese wall” situations. (Can’t have trade secrets passing back and forth, … Continue reading →

Posted in Boyd Gaming, Colorado, Current, Economy, Entertainment, Environment, Harrah's, International, North Las Vegas, Regulation, Sheldon Adelson, Station Casinos, Taxes | Comments Off

iTrump, scandal, Sachs and tax

Posted on October 21, 2011 by David McKee

Cyber-Trump. Faux ex-presidential candidate and NBC-TV comedy star Donald Trump has made his views known on Internet gambling … like anybody cares. Prepare for a shocker, folks. The Donald is — Gasp! — in favor of it. There was, of … Continue reading →

Posted in Alabama, Atlantic City, Carl Icahn, Colony Capital, Cretins, Culinary Union, Current, Detroit, Don Barden, Economy, Election, Goldman Sachs, Harrah's, Internet gambling, MGM Mirage, Station Casinos, Steve Wynn, Taxes, The Strip, Tourism | 1 Comment

Station’s next sorta-big thing

Posted on October 4, 2011 by David McKee

Last night, Station Casinos brass met with residents of Richfield Village, regarding the former’s proposed water park, at the nexus of I-15 and Desert Inn Road. Richfielders were told that Station wants to change the zoning on the parcel from … Continue reading →

Posted in Current, Entertainment, Station Casinos | Comments Off

Station stirrings

Posted on September 30, 2011 by David McKee

It looks as though Station Casinos and Manhattan-based developer Fisher Bros. are trying to put back together some of the pieces of their Humpty Dumpty megaproject along I-15. As you recall, the duo had acquired a swath of land (assembled … Continue reading →

Posted in Animals, Archon Corp., Current, Economy, Entertainment, MGM Mirage, Station Casinos, The Strip | 1 Comment