Category Archives: The Strip

Bellagio, Circus Circus sold

Posted on October 16, 2019 by David McKee

Back on Sept. 17 we reported that MGM Resorts International was dickering with Blackstone Group to sell the latter Bellagio and MGM Grand. Well, the Green Monster got left out of the transaction but MGM’s most iconic property will change hands, … Continue reading →

Posted in Caesars Entertainment, Cosmopolitan, Japan, Macau, Marketing, Massachusetts, MGM Resorts International, Phil Ruffin, Sports, Steve Wynn, The Strip | Comments Off on Bellagio, Circus Circus sold

Trail of breadcrumbs; Survey says …

Posted on October 15, 2019 by David McKee

Waiting for “breadcrumbs to fall off the truck.” That’s Gaming & Leisure Properties‘ self-described business plan. GLPI execs, including CEO Peter Carlino (left), were in Las Vegas for Global Gaming Expo and took the opportunity to chat with J.P. Morgan … Continue reading →

Posted in AGA, Cosmopolitan, Economy, Entertainment, GLPI, history, Las Vegas Sands, MGM Mirage, Penn National, Real Estate, The Strip, Tourism, Tribal, TV | Comments Off on Trail of breadcrumbs; Survey says …

Many fewer Vegas knots tied; Golden Nugget expands

Posted on October 14, 2019 by David McKee

One of Las Vegas‘ mainstays and signature stocks in trade, its wedding industry, is down 42% (yes, 42%) from its 2004 peak. Mind you, it’s still a $2.5 billion business. But the quickie-wedding trade may be hurting and that wouldn’t … Continue reading →

Posted in Charity, Cirque du Soleil, Dining, Downtown, Economy, Election, Entertainment, Internet gambling, Kentucky, MGM Resorts International, Real Estate, Shuffle Master, Sports betting, Technology, Terry Caudill, The Strip, Tilman Fertitta, Wynn Resorts | Comments Off on Many fewer Vegas knots tied; Golden Nugget expands

Big Hoosier handle; Caudill empire expands

Posted on October 11, 2019 by David McKee

Indiana sports books generated $35 million in handle last month, translating to $8.5 million in revenue, taxed at 9.5%. “Indiana’s sportsbooks are in their infancy, but their ability to capitalize on the Chicago market did not take long to produce … Continue reading →

Posted in AGA, Boyd Gaming, Caesars Entertainment, Derek Stevens, Diversity, Downtown, El Cortez, Eldorado Resorts, Illinois, Indiana, Massachusetts, Penn National, Real Estate, Sports betting, Taxes, Technology, Terry Caudill, The Mob, The Strip, Wayne F. Newton, Wynn Resorts | Comments Off on Big Hoosier handle; Caudill empire expands

Suncoast for sale?; Downtown, Trump Int’l stuck in 20th century

Posted on October 10, 2019 by David McKee

In a cryptic real estate listing, LoopNet has Suncoast emblazoned across the top of its splash page. However, the company says “This listing is not currently being advertised on LoopNet.com” So what the Sam Hill is it doing there? Is … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, Connecticut, Donald Trump, Downtown, Foxwoods, Las Vegas Sands, MGM Resorts International, Mohegan Sun, New York, Real Estate, Resort fees, Taxes, Technology, The Strip, Tilman Fertitta, Tribal | 2 Comments

MGM: Magnanimity, not culpability

Posted on October 7, 2019 by David McKee

The Associated Press has an hour-by-hour account of the MGM Resorts International settlement for the Mandalay Bay Massacre, the third-largest such outlay in U.S. history. Victims are generally happy with the outcome but the real bottom line is given by … Continue reading →

Posted in Atlantic City, Charity, Columbia Sussex, DFS, Entertainment, Law enforcement, Mandalay Bay Massacre, MGM Resorts International, Mohegan Sun, PokerStars, Sports, Technology, The Strip, TV | 1 Comment

This and that

Posted on October 7, 2019 by David McKee

Restaurant checks nationwide rose 3% last year but that didn’t keep Las Vegas out of WalletHub‘s #6 spot for foodies (cue operatic outrage from Sin City restaurant critics). Las Vegas hit the #1 spot for “affordability and accessibility of highly … Continue reading →

Posted in Dining, Downtown, Downtown Grand, James Packer, Steve Wynn, Terry Caudill, The Strip, Wynn Resorts | 1 Comment

Doldrums, hope in Baton Rouge; AGA inducts three

Posted on October 2, 2019 by David McKee

It’s 25 years ago this month that casino gambling came to Baton Rouge. The mood, however, is far from celebratory as the city’s riverboats remain mired in a two-year slump, thanks to the Baton Rouge smoking ban. Some also blame … Continue reading →

Posted in AGA, Arkansas, Eldorado Resorts, Environment, GLPI, history, Illinois, Louisiana, Mississippi, Penn National, Pinnacle Entertainment, Regulation, Sports betting, Taxes, Technology, The Strip, Tribal | Comments Off on Doldrums, hope in Baton Rouge; AGA inducts three

Resort fees assailed; Hard Rock rocks Rockford

Posted on September 30, 2019 by David McKee

Resort fees, the bane of customers to Las Vegas, are inspiring some congressional action. Lawmakers Rep. Eddie Bernice Johnson (D) and Rep. Jeff Fortenberry (R) are collaborating on a bill that would outlaw resort fees (it’s the Hotel Advertising Transparency … Continue reading →

Posted in Eldorado Resorts, Hard Rock International, Illinois, International, MGM Resorts International, Phil Ruffin, Politics, Problem gambling, Racinos, Regulation, Resort fees, The Strip, West Virginia | Comments Off on Resort fees assailed; Hard Rock rocks Rockford

Quote of the Day

Posted on September 30, 2019 by David McKee

“Capital remains cheap, real estate on the Strip is scarce, construction costs are high, making development prohibitive, the Las Vegas business outlook for 2020 remains strong, private equity firms are loaded up with plenty of dry powder, and REITs (real estate … Continue reading →

Posted in Economy, Real Estate, The Strip, Wall Street | Comments Off on Quote of the Day

Odds favor Trump; Whistleblower scandal at Caesars

Posted on September 30, 2019 by David McKee

Donald Trump has an excellent chance of surviving both the present impeachment inquiry and the 2020 election. That’s not punditry: It’s oddsmaking. BookerMaker.eu places The Donald as a 10/1 long shot for being unseated. Ironically, Trump nemesis Nicholas Maduro of … Continue reading →

Posted in Atlantic City, Caesars Entertainment, Canada, Conventions, Donald Trump, Economy, Election, International, Internet gambling, Sexual misconduct, The Strip, Tilman Fertitta, Wall Street | Comments Off on Odds favor Trump; Whistleblower scandal at Caesars

Strip buoyant, locals pounded; Tilman strikes again

Posted on September 27, 2019 by David McKee

Thanks in part to some dramatic table-game numbers, Las Vegas Strip revenues leapt 9% last month. It wasn’t baccarat: That highly volatile game was actually pretty stable, with 6% more win on 7% less wagering (the house played lucky). Other … Continue reading →

Posted in Boulder Strip, Dining, Downtown, Lake Tahoe, Laughlin, North Las Vegas, Reno, The Strip, Tilman Fertitta | Comments Off on Strip buoyant, locals pounded; Tilman strikes again

Adelson power play in Las Vegas, unease in Macao

Posted on September 26, 2019 by David McKee

Sheldon Adelson, it long has been clear, brooks no dissent. He bought the Las Vegas Review-Journal to make it a megaphone for his political views (anybody remember the Marco Rubio presidential campaign, the one the R-J endorsed three times to … Continue reading →

Posted in Caesars Entertainment, China, Churchill Downs, Galaxy Entertainment, history, Horseracing, Illinois, Macau, Politics, Racinos, Sheldon Adelson, The Strip | 2 Comments

Hooters out, Ruffin in, Sands up

Posted on September 24, 2019 by David McKee

Keeping its signature Os, Hooters Hotel Casino becomes an OYO Hotel property this week, with a full transformation expected by year’s end. (Gotta be ready for New Year’s Eve.) The changes are subtle at first. Hotel management goes over to Highgate … Continue reading →

Posted in Connecticut, Foxwoods, Hooters, Las Vegas Sands, Macau, Marketing, Massachusetts, MGM Resorts International, Mohegan Sun, Paragon Gaming, Phil Ruffin, Sociedade de Jogos de Macau, The Strip, Wall Street, Wynn Resorts | Comments Off on Hooters out, Ruffin in, Sands up

Fertitta plays Cassandra; Reach for the sky

Posted on September 24, 2019 by David McKee

Although Atlantic City is coming off its best month in memory, Tilman Fertitta is predicting doom and gloom. “It’s not a nine-casino market, and I don’t understand why nobody realizes that,” he told The Press of Atlantic City. “You could say the … Continue reading →

Posted in Atlantic City, Boyd Gaming, Caesars Entertainment, Derek Stevens, Dining, Donald Trump, Downtown, Economy, Election, Fontainebleau, Internet gambling, Law enforcement, LVCVA, Nevada, Pahrump, Reno, Steven Witkoff, Terry Caudill, The Strip, Tilman Fertitta | 3 Comments

NCAA meddling again; Slots struggle in Massachusetts

Posted on September 23, 2019 by David McKee

After the Supreme Court threw out the Bradley Act, there were a few grumbles on Capitol Hill about federal regulation of sports betting. However, American Gaming Association President Bill Miller, in his capacity as gaming’s premier lobbyist, took the temperature … Continue reading →

Posted in AGA, Hard Rock International, IGT, Macau, Massachusetts, MGM Resorts International, Penn National, Phil Ruffin, Politics, Problem gambling, Regulation, Sports betting, Technology, The Strip, William Hill, Wynn Resorts | Comments Off on NCAA meddling again; Slots struggle in Massachusetts

Rio sold; Best casinos named

Posted on September 23, 2019 by David McKee

Despite rumors that Caesars Entertainment has sworn off trying to sell The Rio (again), it turns out that the Roman Empire was still shopping the resort. It’s been tentatively sold to “a principal of Imperial Companies” for $516 million. If … Continue reading →

Posted in Alex Meruelo, Atlantic City, Caesars Entertainment, California, Cosmopolitan, Derek Stevens, Dining, Downtown, Eldorado Resorts, Entertainment, Foxwoods, Genting, Golden Gaming, Hard Rock International, Las Vegas Sands, Louisiana, Marketing, Massachusetts, Mississippi, Mohegan Sun, New York, Ocean Resort, Penn National, Reno, Station Casinos, The Strip, Tilman Fertitta, Tribal, TV, World Series of Poker, Wynn Resorts | 1 Comment

Chicago casino tax damned; Kerkorian epoch ends

Posted on September 19, 2019 by David McKee

That Illinois casino expansion went back to the drawing board—the Illinois Gaming Board, to be exact. The topic of its ire was the 33% “privilege tax” hung around the neck of the Chicago casino (bringing its effective tax rate to … Continue reading →

Posted in Churchill Downs, Dining, Downtown, Entertainment, Foxwoods, history, Illinois, Massachusetts, MGM Resorts International, Mohegan Sun, Rush Street Gaming, Tamares Group, Taxes, The Strip, Tilman Fertitta, Wall Street, Westgate LV | 1 Comment

MGM selling crown jewels

Posted on September 17, 2019 by David McKee

It’s almost a done deal. MGM Resorts International will monetize its two most iconic properties by selling MGM Grand and Bellagio to Blackstone Group. The latter would lease the two megaresorts back to MGM, which would probably roll the sale … Continue reading →

Posted in Charity, Internet gambling, Japan, MGM Resorts International, Pennsylvania, Philippines, Rush Street Gaming, Taxes, Technology, The Strip, Wall Street | Comments Off on MGM selling crown jewels

Like a Virgin: Mohegan Sun comes to Vegas

Posted on September 17, 2019 by David McKee

It’s official: Mohegan Gaming & Entertainment will be the casino manager of Virgin Hotel Las Vegas. “Aligning the MGE brand with Virgin Hotels Las Vegas extends our growing reach into yet another legendary global entertainment capital. Together with Virgin Hotels, experience seekers all … Continue reading →

Posted in Caesars Entertainment, Charity, Culinary Union, Election, Entertainment, Genting, Hard Rock Hotel, Hard Rock International, International, Mohegan Sun, Problem gambling, Security, Station Casinos, Technology, The Strip, TV | 1 Comment