Category Archives: Tourism

From the Twitter feed

Posted on November 4, 2009 by David McKee

@VegasFunFacts: “McCarran Airport was named after former NV Sen. Pat McCarran, known for his anti-communism and for lobbying fed funds and projects for NV.” (Translation: Choke on it, China-loving, guvmint-bashing Steve Wynn.) @jccarcamo: “Republicans on a special committee considering the … Continue reading →

Posted in CityCenter, Election, Florida, MGM Mirage, Politics, Steve Wynn, Taxes, The Strip, Tourism, Transportation, Tribal | Comments Off on From the Twitter feed

Case Bets: Kansas, Ohio & Singapore

Posted on November 3, 2009 by David McKee

Lyle Berman‘s casino project near Wichita is losing momentum. If you can’t afford to build even a 100-room hotel, times are dire indeed. Union Gaming‘s Bill Lerner makes the counter-argument that some casino is better than no casino. Raving Consulting … Continue reading →

Posted in Current, Genting, Kansas, Ohio, Penn National, Politics, Sheldon Adelson, Singapore, Tourism | 1 Comment

Dark days for the clown house?

Posted on November 2, 2009 by David McKee

During all the economic Sturm und Drang of the last two years, MGM Mirage has — to its great credit — not been shy about offering comps, discounts and promotions to keep people coming back. However, its latest promotional allowances … Continue reading →

Posted in Boyd Gaming, Current, Economy, Fontainebleau, Marketing, MGM Mirage, Riviera, The Strip, Tourism | 1 Comment

Case Bets: CityCenter, Boyd odyssey, Massachusetts & the “Admiral”

Posted on November 2, 2009 by David McKee

There’s continued apprehension about MGM Mirage‘s $8.5 billion, 7,200-unit CityCenter, especially now that hotel rooms there are going for less than ones at either the Venetian or Encore. (Thinking positively: Who knew CityCenter was going to be so affordable?) Business … Continue reading →

Posted in Architecture, Boyd Gaming, CityCenter, Current, Economy, Encore, Harrah's, Kansas, Massachusetts, MGM Mirage, Missouri, Ohio, Pennsylvania, Pinnacle Entertainment, Sheldon Adelson, The Strip, Tourism, Wall Street | 8 Comments

Boyd: A waiting game

Posted on October 27, 2009 by David McKee

That’s the economic forecast of J.P. Morgan analysts after Boyd Gaming came in slightly under its cash-flow projections for the third quarter. Borgata remained a bright spot, reaching record levels of market share in Atlantic City (a staggering 19%) in … Continue reading →

Posted in Atlantic City, Boulder Strip, Boyd Gaming, Current, Downtown, Economy, Illinois, Indiana, Louisiana, Morgans Hotel Group, Neil Bluhm, New York, Pennsylvania, Racinos, The Strip, Tourism, Wall Street | 6 Comments

From the mailbag #9

Posted on October 22, 2009 by David McKee

One reader asks, regarding senatorial aspirant Sue Lowden‘s esteemed Pioneer Hotel & Gambling Hall: I’m confused (as usual, but…) – Isn’t the Pioneer NOT a gambling hall now, its shell hosting an ABC convenience store & various other small shops? … Continue reading →

Posted in Alex Yemenidjian, Archon Corp., Downtown, Entertainment, Harry Reid, Laughlin, Oscar Goodman, Tamares Group, Tourism, TV | Comments Off on From the mailbag #9

Quote of the Day

Posted on October 20, 2009 by David McKee

"I'd like to keep one strip of that airport as an airport. I think it closed prematurely. I think greed went nuts." — Atlantic City mayoral candidate Joseph Polillo (I), on what to do with Bader Field. Incumbent Mayor Lorenzo … Continue reading →

Posted in Atlantic City, Election, Politics, Tourism, Transportation | Comments Off on Quote of the Day

MGM: CityCenter worth $4.88 billion

Posted on October 20, 2009 by David McKee

MGM Mirage has announced that it's writing off approximately $1.3 billion (i.e., taking an "impairment charge") against CityCenter, with $348 million of that chalked up to falling real estate values. (Some $174 million of that will apparently be fobbed off … Continue reading →

Posted in CityCenter, Columbia Sussex, Current, Economy, Kansas, MGM Mirage, Missouri, Neil Bluhm, Penn National, Pennsylvania, Pinnacle Entertainment, Politics, Regulation, Taxes, Tourism, Transportation, Wall Street | Comments Off on MGM: CityCenter worth $4.88 billion

Eight Vegas shows reviewed

Posted on October 19, 2009 by David McKee

As promised, Mike Shackleford's WizardOfVegas.com site has launched. It took a while to get the bugs worked out, hence my review of Scarlett & her Seductive Ladies of Magic didn't appear until after the show had closed. However, to the … Continue reading →

Posted in Colony Capital, Dining, Don Barden, Downtown, Entertainment, Harrah's, Planet Hollywood, Riviera, The Strip, Tilman Fertitta, Tourism | Comments Off on Eight Vegas shows reviewed

Quote of the Day

Posted on October 16, 2009 by David McKee

"I predict a rough winter for Vegas. Swine flu may not be a pandemic, but it may really mess with the casino business. It could make the economic downturn look mild." — a locally based casino-industry expert, in an e-mail … Continue reading →

Posted in Boulder Strip, Current, Downtown, Economy, The Strip, Tourism | Comments Off on Quote of the Day

Aria drives prices … down

Posted on October 16, 2009 by David McKee

Contrary to repeated assertions by J.P. Morgan, it would appear that MGM Mirage is putting out promotional specials for Bellagio … and very aggressively so. Note however, that Steve Wynn's masterpiece is maintaining its price point and Aria is the … Continue reading →

Posted in Alex Yemenidjian, CityCenter, Current, Downtown, Economy, Harrah's, Marketing, MGM Mirage, Riviera, Sahara, Station Casinos, Steve Wynn, The Strip, Tourism | Comments Off on Aria drives prices … down

Macao giveth, Macao taketh away

Posted on October 13, 2009 by David McKee

Casino operators in Macao better make the most of the recent relaxation of visa quotas into the enclave. What the government gives with one hand, it partly reclaims with the other. Casino expansion remains out of the question and the … Continue reading →

Posted in Current, Detroit, Economy, Lawrence Ho, Macau, Melco Crown Entertainment, MGM Mirage, Regulation, Sheldon Adelson, Stanley Ho, Steve Wynn, Tourism, Wall Street | Comments Off on Macao giveth, Macao taketh away

Hope for Boardwalk?

Posted on October 13, 2009 by David McKee

As you know, S&G puts more stock in year/year comparisons than sequential ones, but the most recent set from Atlantic City affords a slender reed of hope. With the help of tighter slots, A.C. held its September decline to 6%, … Continue reading →

Posted in Atlantic City, Boyd Gaming, Carl Icahn, Colony Capital, Current, Economy, Harrah's, Marketing, Maryland, Neil Bluhm, New York, Pennsylvania, Regulation, Sheldon Adelson, Tourism, Tropicana Entertainment | Comments Off on Hope for Boardwalk?

Leaving Las Vegas

Posted on October 12, 2009 by David McKee

At least 28,000 have done so over the two years-plus (probably more when you allow for the people still moving here). What are the likely consequences of Las Vegas‘ pegging its future on a one-trick economy? And is it going … Continue reading →

Posted in Atlantic City, CityCenter, Current, Detroit, Economy, Election, Horseracing, Indiana, MGM Mirage, Ohio, Pennsylvania, Racinos, The Strip, Tourism, Tribal | Comments Off on Leaving Las Vegas

Leaving Las Vegas

Posted on October 12, 2009 by David McKee

At least 28,000 have done so over the two years-plus (probably more when you allow for the people still moving here). What are the likely consequences of Las Vegas‘ pegging its future on a one-trick economy? And is it going … Continue reading →

Posted in Atlantic City, CityCenter, Current, Detroit, Economy, Election, Horseracing, Indiana, MGM Mirage, Ohio, Pennsylvania, Racinos, The Strip, Tourism, Tribal | Comments Off on Leaving Las Vegas

Case Bets: California crisis, M cutbacks, "Guiding Light" in LV, etc.

Posted on October 8, 2009 by David McKee

Ist California kaput? That’s the question posed by the The Observer and it makes for troubling reading. If Gov. Jim Gibbons (R-NV) is right that tourism from California is the carotid artery of Nevada‘s economy, then the Silver State is … Continue reading →

Posted in Alex Yemenidjian, California, Current, Dining, Economy, Entertainment, Harrah's, International, M Resort, Macau, Sheldon Adelson, Stanley Ho, Tourism, TV | Comments Off on Case Bets: California crisis, M cutbacks, "Guiding Light" in LV, etc.

Want your ass kicked?

Posted on October 5, 2009 by David McKee

Then go hang out at Stack. If they don’t like your looks, the in-house goons will be sicced on you. And Las Vegans wonder at the schadenfreude so many people feel with regard to Sin City’s current doldrums. No magic … Continue reading →

Posted in Colorado, Dining, Election, Harrah's, Illinois, MGM Mirage, Penn National, Pennsylvania, Sheldon Adelson, South Carolina, Taxes, The Strip, Tourism, Transportation | Comments Off on Want your ass kicked?

Macao's blockbuster month

Posted on October 2, 2009 by David McKee

A flurry of good news to end the week, starting in Macao: September, the first month affected by a relaxation of severe visa restrictions imposed on the mainland, saw a 53% jump in Macanese gambling revenues. In terms of market … Continue reading →

Posted in CityCenter, Current, Economy, Entertainment, James Packer, Lawrence Ho, Macau, Marketing, Melco Crown Entertainment, MGM Mirage, Sheldon Adelson, Stanley Ho, Steve Wynn, The Strip, Tourism | Comments Off on Macao's blockbuster month

Scarlett saved?!? & other Case Bets

Posted on October 1, 2009 by David McKee

Splendid news, lads (and lasses). Scarlett, Princess of Magic may return to the Riviera in nine months or a year … that is to say, whenever the economy eventually rebounds. This comes straight from Riv management. Of course, there's a … Continue reading →

Posted in Donald Trump, Downtown, Economy, Entertainment, Environment, Fontainebleau, Penn National, Phil Ruffin, Riviera, The Strip, Tourism | Comments Off on Scarlett saved?!? & other Case Bets

Case Bets: Wynn in Macao, "Peepshow" strips down

Posted on September 29, 2009 by David McKee

• Steve Wynn is accelerating his timetable for developing on the Cotai Strip™. If Wynn continues to learn from his early miscalculations (and I see no reason to expect otherwise), a gaming-centric Wynn Resorts property on Cotai is a far … Continue reading →

Posted in California, Economy, Entertainment, Harry Reid, Macau, Planet Hollywood, Sheldon Adelson, Steve Wynn, Technology, The Strip, Tourism, Transportation | Comments Off on Case Bets: Wynn in Macao, "Peepshow" strips down