Category Archives: The Strip

Caesars’ shell game; Setback in Japan

Posted on October 21, 2014 by David McKee

“Extend and pretend.” Those are the words of gaming analyst Alan Woinski, describing the debt-management practices of Caesars Entertainment and CEO Gary Loveman: “they extended out the maturities and just put new debt on top of old debt, and the … Continue reading →

Posted in Atlantic City, Harrah's, Internet gambling, Japan, Louisiana, Maryland, Massachusetts, New York, Politics, Problem gambling, Technology, The Strip, Wall Street | 1 Comment

JFK returns to Vegas, poker comes to Philly

Posted on October 17, 2014 by David McKee

Tourist attractions just haven’t been clicking for the New Tropicana Las Vegas. But it’s trying again with “The JFK Exhibition,” announced today. Although John F. Kennedy‘s connections to Las Vegas were part of the seamy underside of Camelot, that only … Continue reading →

Posted in Alex Yemenidjian, Downtown, Environment, Harrah's, history, MGM Mirage, Neil Bluhm, Ohio, Oscar Goodman, Pennsylvania, The Strip | Comments Off on JFK returns to Vegas, poker comes to Philly

Tying the knot in Vegas and other diversions

Posted on October 16, 2014 by David McKee

Nevada‘s constitutional ban on gay marriage having been deemed unconstitutional, wedding chapels are kicking into high gear to prepare for a wave of same-sex nuptials. How is the casino industry responding to this sudden $50 million (projected) jackpot? Both Caesars … Continue reading →

Posted in Downtown, Economy, Foxwoods, Harrah's, Japan, Massachusetts, MGM Mirage, Mohegan Sun, Politics, Problem gambling, Sheldon Adelson, Singapore, Sports, The Strip, Tourism | Comments Off on Tying the knot in Vegas and other diversions

Packer’s complaint; Bally bloodbath

Posted on October 16, 2014 by David McKee

James Packer‘s run of bad luck has crossed the Pacific Ocean and infected his Australian casinos. Faced with soft numbers at Crown Resorts, he blamed players, exclaiming, “The punters are killing us!” Packer was also put on the defensive by … Continue reading →

Posted in Architecture, Bally Technologies, Economy, International, James Packer, Sam Nazarian, Scientific Games, The Strip, Wall Street, Westgate LV | Comments Off on Packer’s complaint; Bally bloodbath

Steve Wynn, the early years

Posted on October 16, 2014 by David McKee

Steve Wynn is an irresistible storyteller. In this Wall Street Journal interview, he explains his origins in the casino business.

Posted in Atlantic City, history, Steve Wynn, The Strip | 2 Comments

Life after Revel; Sheldon’s solid quarter

Posted on October 15, 2014 by David McKee

Faced with fewer and fewer casino choices in Atlantic City, players seem to be choosing to stay home. The seaside city saw gaming revenues plummet 17% last month. That’s also the same percentage by which coin-in and slot revenues slipped. … Continue reading →

Posted in Atlantic City, Boyd Gaming, Economy, Florida, Harrah's, Internet gambling, Macau, MGM Mirage, Mohegan Sun, Pennsylvania, Revel, Sheldon Adelson, Singapore, The Strip, Tropicana Entertainment, Trump Entertainment Resorts, Wall Street | 2 Comments

Quote of the Day

Posted on October 15, 2014 by David McKee

Cosmopolitan of Las Vegas CEO John Unwin, having stumbled across a new trend on the Las Vegas Strip, tries to spin it as a brilliant master plan. Casino? What casino?

Posted in Cosmopolitan, Marketing, The Strip | Comments Off on Quote of the Day

Funeral garb for Harmon; Death blow to Dotty’s?

Posted on October 8, 2014 by David McKee

Although it’s there to protect pedestrian, it’s fitting that the corpse of Harmon Hotel is shrouded in widow’s weeds. MGM Resorts International will be holding a protracted funeral for the first Las Vegas hotel to close without ever housing a … Continue reading →

Posted in Architecture, Dotty's, Golden Gaming, International, MGM Mirage, Politics, Singapore, Station Casinos, The Strip | 1 Comment

Maryland: First, the good news; Here, kitty, kitty

Posted on October 7, 2014 by David McKee

Maryland casinos hit another monthly record — $82 million — boosted by Horseshoe Baltimore. Revenues at Maryland Live fell 10%, to $45.5 million — boosted by 50,000 customers over the Labor Day weekend — and Horseshoe raked in $22 million. … Continue reading →

Posted in Alex Yemenidjian, Cordish Co., Entertainment, Harrah's, Maryland, Riviera, The Strip | Comments Off on Maryland: First, the good news; Here, kitty, kitty

Most happy fella; Grumbling on the Boardwalk

Posted on October 6, 2014 by David McKee

Although Sheldon Adelson was laying covetous eyes upon the Meadowlands last week — and reiterating his risible drivel about the mystical power of brick-and-mortar casinos to deter problem gambling — for the time being Las Vegas Sands is upping its bet … Continue reading →

Posted in Atlantic City, Carl Icahn, Dining, Glenn Straub, Hard Rock Hotel, Marketing, Pennsylvania, Problem gambling, Revel, Sam Nazarian, Sheldon Adelson, Singapore, The Strip, Trump Entertainment Resorts | Comments Off on Most happy fella; Grumbling on the Boardwalk

Scandal brushes Wynn Boston

Posted on October 3, 2014 by David McKee

Federal and Massachusetts state authorities have filed charges against three men who sold land to Wynn Resorts for its Everett casino project. Mob associate Charles Lightbody, Anthony Gattineri and Dustin DeNunzio have been indicted on a spectrum of felonies that include … Continue reading →

Posted in CityCenter, Current, Massachusetts, MGM Mirage, Mohegan Sun, Regulation, Steve Wynn, The Mob, The Strip | Comments Off on Scandal brushes Wynn Boston

Sinatra 1, Pandas 0

Posted on October 2, 2014 by David McKee

Euphemisms have a way of sanitizing everything. For instance, there are no longer mercenaries — instead they are “contractors,” which makes them sound like somebody you’d have install your pool deck. And in Las Vegas we don’t have celebrity impersonators, we … Continue reading →

Posted in Cirque du Soleil, Entertainment, G2E, Massachusetts, Penn National, Regulation, Sheldon Adelson, The Strip, Wall Street | Comments Off on Sinatra 1, Pandas 0

Wynn: Think big; Genting: Spend big

Posted on October 1, 2014 by David McKee

When Steve Wynn opened The Mirage in 1989, it was the beginning of the end of the era when the casino was the dominant revenue source in Las Vegas resorts. Restaurants, shows and hotel rooms all became profit centers. But … Continue reading →

Posted in Atlantic City, Entertainment, Florida, G2E, Genting, Harrah's, history, Macau, Massachusetts, MGM Mirage, New Hampshire, New York, Steve Wynn, The Strip | Comments Off on Wynn: Think big; Genting: Spend big

Sanguine at Penn; Serrano goes Italian

Posted on October 1, 2014 by David McKee

Executives from Penn National Gaming were hosted by J.P. Morgan analysts this week at Global Gaming Expo and gave a fairly mellow outlook on business. Nationally, commerce is seen as stabilizing but not having bottomed out yet, although Penn is “holding … Continue reading →

Posted in Architecture, Dining, Election, G2E, Harrah's, history, Maryland, Massachusetts, MGM Mirage, New York, Ohio, Penn National, Politics, Racinos, Regulation, Steve Wynn, The Strip, Wall Street, West Virginia | Comments Off on Sanguine at Penn; Serrano goes Italian

KOA gets the boot

Posted on September 30, 2014 by David McKee

MGM Resorts International is obviously planning something — we don’t know what — for the KOA Campground site at Circus Circus. That’s the logical conclusion to be drawn from yesterday’s announcement that KOA is packing up and taking over campsite operations … Continue reading →

Posted in Boyd Gaming, Entertainment, G2E, MGM Mirage, The Strip | Comments Off on KOA gets the boot

USA Today: Those evil casinos!

Posted on September 26, 2014 by David McKee

With the gaming industry temporarily exhausted from over-expansion and saturation, USA Today has chosen this moment to pounce with an anti-gambling editorial. The graybeards on the USA Today editorial board clearly haven’t been paying close attention — racinos in Delaware, … Continue reading →

Posted in Boulder Strip, Boyd Gaming, Cretins, Delaware, Downtown, Economy, Geoff Freeman, Lake Tahoe, Laughlin, Neil Bluhm, North Las Vegas, Pennsylvania, Reno, The Strip, Tourism, Wall Street | Comments Off on USA Today: Those evil casinos!

La dolce Delano

Posted on September 19, 2014 by David McKee

Since my wife and I had already stayed (very comfortably) at Delano Las Vegas, we didn’t feel incumbent upon us to attend last night’s grand opening. Maybe that was a mistake on our part: It looks like we missed a … Continue reading →

Posted in MGM Mirage, Movies, The Strip | Comments Off on La dolce Delano

Macao’s loss is Vegas’ gain

Posted on September 12, 2014 by David McKee

There is discernible evidence that the anti-corruption crackdown in China is redounding to Las Vegas‘ benefit. According to a report by Deutsche Bank‘s Carlo Santarelli, “we do see a relatively compelling empirical case that supports the view that anti-corruption crackdowns … Continue reading →

Posted in Detroit, Economy, Macau, MGM Mirage, Ohio, The Strip, Transportation, Tribal | Comments Off on Macao’s loss is Vegas’ gain

Quote of the Day

Posted on September 11, 2014 by David McKee

“The expansive villa is truly the pinnacle of the Nobu Hotel. We wanted to further showcase and interpret the Nobu aesthetic and designed a luxurious and modern environment inspired by Japanese art, design and culture.” — Shawn Sullivan, Rockwell Group studio … Continue reading →

Posted in Architecture, Harrah's, The Strip | Comments Off on Quote of the Day

Atlantic City: MGM returns, Revel sold

Posted on September 11, 2014 by David McKee

There was a happy ending for MGM Resorts International in its long soap opera with New Jersey gaming regulation. The New Jersey Casino Control Commission voted unanimously to relicense the company, reuniting it with Borgata — and with 86 million … Continue reading →

Posted in Atlantic City, Boyd Gaming, Carl Icahn, Donald Trump, MGM Mirage, Pansy Ho, Regulation, Revel, Riviera, The Strip, Trump Entertainment Resorts | 1 Comment