Category Archives: The Strip

Paging Steve Wynn; Genting mismanages risk

Posted on August 8, 2019 by David McKee

Somebody alert Steve Wynn. The mega-Walgreens at the northwest corner of Las Vegas Boulevard and Sahara Avenue is on the market as a “Once in a Generation High Profile Asset.” OK, the footprint is relatively small but the seller is … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, Churchill Downs, Dan Gilbert, Eldorado Resorts, Genting, GLPI, Illinois, MGM Resorts International, Ohio, Oklahoma, Penn National, Resort fees, Rush Street Gaming, Singapore, Steve Wynn, Taxes, The Strip, Wall Street | 1 Comment

Wynn, Station disappoint Wall Street

Posted on August 7, 2019 by David McKee

JP Morgan analyst Joseph Greff took a look at Wynn Resorts‘ second-quarter numbers and deemed them “a mixed bag.” The good news: Cash flow in Las Vegas, expected to be $109 million, manifested itself at $137 million. The sorta-bad news: There … Continue reading →

Posted in Economy, Golden Gaming, Macau, Maryland, Massachusetts, Palms, Slot routes, Station Casinos, The Strip, Tribal, Wall Street, Wynn Resorts | Comments Off

Eldorado’s bad quarter; Crown fights back

Posted on August 6, 2019 by David McKee

Eldorado Resorts might want to put its own house in order before engorging Caesars Entertainment. Quarterly results are out and Eldorado came in low in every category except corporate costs. Revenue misses included the West ($128 million) -$18 million, the … Continue reading →

Posted in Australia, Caesars Entertainment, Colorado, Crown Resorts, Eldorado Resorts, Entertainment, IGT, Law enforcement, Lotteries, Macau, MGM Resorts International, Ohio, Regulation, Technology, The Mob, The Strip, Wall Street | Comments Off

Vegas: The good, the mediocre and the Moulin Rouge

Posted on August 6, 2019 by David McKee

First the good news (for the hospitality industry): Las Vegas hotel occupancy is over 89% and ADRs are $135.23. The relatively bad news is that total visitation will yet again fall short of 2016’s record numbers. The Las Vegas Review-Journal‘s Richard … Continue reading →

Posted in Animals, Genting, Illinois, Konami, Las Vegas Raiders, Moulin Rouge, The Strip, Tourism | Comments Off

Hooters out, Oyo in?; Crown in hot water

Posted on August 5, 2019 by David McKee

Hooters Hotel Casino, the brand that should have worked in Las Vegas but didn’t, may finally be on the way out. VitalVegas reports that hotelier Highgate may be rechristening Hooters with its Oyo brand. Highgate already operates hotels in the … Continue reading →

Posted in AGA, Atlantic City, Australia, Crown Resorts, Detroit, Diversity, Environment, Hooters, Illinois, James Packer, Law enforcement, Louisiana, Marketing, Maryland, Massachusetts, MGM Resorts International, Money laundering, Paragon Gaming, Penn National, South Carolina, Sports, Sports betting, The Strip | 2 Comments

Caesars nixes Strip project; IGT in New England brawl

Posted on August 2, 2019 by David McKee

Caesars Entertainment has officially spiked the Kind Heaven immersive experience, part Blade Runner and part Jungle Book. VitalVegas author said of the Perry Farrell pipe dream, when it was unveiled last year, that the details ranged “from breathtakingly original to laughably … Continue reading →

Posted in Australia, Caesars Entertainment, Churchill Downs, Crown Resorts, Downtown, Economy, Eldorado Resorts, Entertainment, IGT, Illinois, Law enforcement, Politics, Rhode Island, Scientific Games, Sports betting, The Strip, Tribal, Twin River, Wendover, William Hill | Comments Off

Quote of the Day

Posted on August 1, 2019 by David McKee

“I suspected that, if I didn’t make a life in the theater, I wouldn’t have a life—literally.” — Broadway director and impresario Hal Prince (Phantom: The Las Vegas Spectacular), who died yesterday at age 91.

Posted in Entertainment, The Strip | Comments Off

Vegas’ baccarat bonanza; New ‘link’ on Strip

Posted on July 31, 2019 by David McKee

Ever unpredictable, the Las Vegas Strip boomed last month, as gross gaming revenue shot up 18% (propelled by baccarat) to $616.5 million. Statewide, gambling win leapt 11.5% for a grand total of $1 billion. Perhaps it’s coincidental—but surely not—that McCarran … Continue reading →

Posted in Architecture, Aristocrat, Baseball, Boulder Strip, Boyd Gaming, Downtown, Golden Gaming, Hawaii, history, Lake Tahoe, Laughlin, North Las Vegas, Pennsylvania, Pinnacle Entertainment, Reno, The Strip, Tourism, Wall Street | Comments Off

Wynn tops in U.S. casinos; Crown in hot water again

Posted on July 30, 2019 by David McKee

Steve Wynn got some love from the contributors to TripAdvisor, whose top-three-ranked casinos in America are Wynn Las Vegas, Encore and Beau Rivage, a vindication of Wynn’s spare-no-detail approach. However, Bellagio may be showing its age, clocking in at a … Continue reading →

Posted in Atlantic City, Australia, Boulder Strip, Boyd Gaming, Caesars Entertainment, CityCenter, Cosmopolitan, Crown Resorts, Detroit, Downtown, Economy, Eldorado Resorts, Foxwoods, Golden Gaming, Indiana, Iowa, Las Vegas Sands, Law enforcement, Louisiana, M Resort, Macau, MGM Resorts International, Mississippi, Mohegan Sun, North Las Vegas, Oklahoma, Penn National, Pennsylvania, Politics, Reno, Station Casinos, Steve Wynn, Terry Caudill, The Strip, Tourism, Tribal, TV, Wynn Resorts | 1 Comment

Tribes brush off Stitt; MGM riles Jewish community

Posted on July 29, 2019 by David McKee

Oklahoma Gov. Kevin Stitt‘s proposal to levy higher exclusivity fees on the Sooner State’s 134 tribal casinos continues to go over like a lead balloon. The guv finds himself in receipt of a letter from all of the state’s gaming-enabled … Continue reading →

Posted in AGA, Atlantic City, California, history, International, Macau, Marketing, MGM Resorts International, Mohegan Sun, Ohio, Oklahoma, Phil Ruffin, Sports, The Strip, Transportation, Tribal, TV | 1 Comment

Strip buoys MGM, Sands

Posted on July 26, 2019 by David McKee

According to JP Morgan analyst Joseph Greff, second-quarter results for MGM Resorts International “were better than (very subdued) investor expectations” on the Strip and in line with anticipation about Macao. Despite weak baccarat volumes in Las Vegas, the company performed “marginally … Continue reading →

Posted in Caesars Entertainment, Detroit, Eldorado Resorts, Harrah's, Las Vegas Sands, Macau, Maryland, Massachusetts, Melco Resorts & Entertainment, MGM Resorts International, Mississippi, New York, Pennsylvania, Singapore, The Strip, Tribal, Wall Street, Wynn Resorts | 1 Comment

Encore cleared of cheating charge; Linq goes green

Posted on July 19, 2019 by David McKee

Score one for Encore Boston Harbor. Its slot-payout and blackjack rules were upheld by the Massachusetts Gaming Commission. That’s a win for 6:5 blackjack and a loss for players. “There exists a ‘6 to 5 blackjack variation,’ which is a particular … Continue reading →

Posted in Caesars Entertainment, Environment, Massachusetts, Regulation, Scientific Games, Technology, The Strip, Transportation, Wynn Resorts | 3 Comments

Sports wagering, ‘Net bets power New Jersey; Slow month in Pennsylvania

Posted on July 15, 2019 by David McKee

Despite being 7% down on a same-store basis, Atlantic City casino revenues grew 14% last month. The $236 million gross represents a 3.5% downturn in slot winnings (down 8.5% same-store) but a 26% jump at the tables (down 3.5% same-store). … Continue reading →

Posted in Atlantic City, Boyd Gaming, Caesars Entertainment, Eldorado Resorts, Greenwood Racing, Hard Rock International, Internet gambling, MGM Resorts International, Mohegan Sun, Movies, Ocean Resort, Penn National, Pennsylvania, Rush Street Gaming, Sports, Sports betting, The Strip, Tilman Fertitta, Tribal | 1 Comment

Cosmo in play; Wynn looking robust

Posted on July 11, 2019 by David McKee

Always a step ahead of the mainstream media, VitalVegas reports that The Cosmopolitan of Las Vegas has been sold. No details are available and the story hasn’t made the wire services, but that’s not going to stop us from speculating. … Continue reading →

Posted in Architecture, Churchill Downs, CityCenter, Cosmopolitan, Dan Lee, Dining, Eldorado Resorts, Macau, Massachusetts, MGM Resorts International, Penn National, Phil Ruffin, Resort fees, The Strip, Tilman Fertitta, Wall Street, Wynn Resorts | Comments Off

Touring Vegas; Bus to Nowhere; So long, Sammy

Posted on July 5, 2019 by David McKee

Paste Magazine is having one of those love/hate moments with Las Vegas that seem de rigeur for glossy publications. After a few preliminary digs at the Las Vegas Strip, it settles into a survey of the best places to go … Continue reading →

Posted in Cretins, Dining, Downtown, Entertainment, history, MGM Resorts International, Reno, Sahara, Sam Nazarian, Station Casinos, Terry Caudill, The Mob, The Strip, Tourism, Transportation | 1 Comment

Eldorado backpedals; Casinos for Nebraska in 2020?

Posted on July 3, 2019 by David McKee

While the consummation of the Eldorado Resorts/Caesars Entertainment marriage has yet to occur, already Eldorado CEO Tom Reeg is walking back some of his prenuptial promises. “I think that there’s more Strip exposure than we would need to accomplish our goals … Continue reading →

Posted in Atlantic City, Caesars Entertainment, Carl Icahn, Dining, Eldorado Resorts, Election, Florida, Hard Rock International, Iowa, Japan, Macau, Missouri, Nebraska, Ocean Resort, Planet Hollywood, Seminole Tribe, The Strip, Wall Street | 2 Comments

Genting’s been working on the railroad; California solons pitch sports betting

Posted on July 3, 2019 by David McKee

Genting Group evidently hasn’t given up on its casino aspirations in south Florida. The company is teaming with BYD Motors of China to propose a monorail between downtown Miami and Miami Beach. Genting owns waterfront real estate in Miami it has … Continue reading →

Posted in Caesars Entertainment, California, Florida, Genting, Japan, Macau, Pokergeddon, Politics, Problem gambling, Security, Sociedade de Jogos de Macau, Sports betting, Technology, The Strip, Tourism, Transportation, Tribal, TV, World Series of Poker, Wynn Resorts | Comments Off

Whales super-lucky on the Strip; New Jersey tops Nevada

Posted on June 28, 2019 by David McKee

Last month was the busiest in McCarran International Airport history, seeing 4,590,539 arrivals and departures. Unfortunately for the casinos, this did not translate into record prosperity. Far from it. Gross gaming revenue toppled 11% to $517.5 million. Slots were a bright … Continue reading →

Posted in Boulder Strip, Culinary Union, Downtown, International, Lake Tahoe, Laughlin, Law enforcement, Macau, Nevada, New Jersey, New Mexico, North Las Vegas, Palms, Reno, Sports, Sports betting, The Strip, Tourism, Tribal, William Hill | Comments Off

Dotty’s to rescue Moulin Rouge; Hard Rock’s big plans

Posted on June 27, 2019 by David McKee

Bonafide rescue may be in sight for the acreage upon which the Moulin Rouge once stood. Dotty’s may use some of its considerable cash flow to buy up the land and the Las Vegas City Council is sufficiently eager to … Continue reading →

Posted in Architecture, Dotty's, Downtown, e-sports, Entertainment, Hard Rock International, International, Law enforcement, Lotteries, Massachusetts, MGM Resorts International, Missouri, Moulin Rouge, The Strip, Wynn Resorts | 1 Comment

Vegas gets first tribal casino

Posted on June 26, 2019 by David McKee

My doctor says it behooves me to take it easy, so that can mean only one thing … news briefs! If you were waiting for Native American tribes to put down roots in Las Vegas, wait no longer. Virgin Hotels … Continue reading →

Posted in Alex Meruelo, Animals, Arizona, Boyd Gaming, Downtown, Entertainment, Florida, Hard Rock Hotel, Law enforcement, Marketing, MGM Resorts International, Mohegan Sun, Movies, Sahara, SLS Las Vegas, Sports, Tamares Group, The Strip, Transportation | Comments Off