Category Archives: Wall Street

The best-paying gig in Las Vegas

Posted on March 5, 2010 by David McKee

It probably belongs to any of the army of lawyers toiling for Station Casinos … or for co-owner Colony Capital … or for individual board members, including director Dr. James Nave. The latter — who used to serve on the … Continue reading →

Posted in Boulder Strip, Current, Entertainment, Station Casinos, Wall Street | 4 Comments

The good, the bad & the very ugly photo

Posted on March 2, 2010 by David McKee

For perhaps the first time in his career, Steve Wynn is being called “cheesy.” It’s in connection with his new Philadelphia casino project, the erstwhile Foxwoods. (If, has been mooted, it’s just called “S.W.“, that would be pretentious but not … Continue reading →

Posted in Cannery Casino Resorts, Economy, Harrah's, Neil Bluhm, Penn National, Pennsylvania, Politics, Regulation, Sheldon Adelson, Steve Wynn, Tribal, Wall Street | 10 Comments

Chronicle of a Black foretold; River City looking good

Posted on March 2, 2010 by David McKee

Randy Black, that is. The CEO who ran the Mesquite market straight into the ground (with a sizable assist from the Nevada Gaming Control Board and Gaming Commission) and turned the former Si Redd’s Oasis into a slot route — … Continue reading →

Posted in Archon Corp., Boyd Gaming, Current, Don Barden, Election, Harry Reid, IGT, Mesquite, Michael Gaughan, Midnight Jim Gibbons, Pinnacle Entertainment, Planet Hollywood, Politics, Regulation, Sheldon Adelson, Station Casinos, Steve Wynn, TV, Wall Street, WMS Industries | 1 Comment

Macao’s big ass-month

Posted on March 1, 2010 by David McKee

Casinos in Macao blew way past expectations, raking in $1.6 billion last month (a 70% increase). Stanley Ho‘s SJM widened its lead on Las Vegas Sands, although the latter had more market share (20%) than MGM Grand Macau and Galaxy … Continue reading →

Posted in Architecture, Atlantic City, Economy, Environment, Florida, Genting, Harrah's, James Packer, Lawrence Ho, Macau, Melco Crown Entertainment, MGM Mirage, Politics, Racinos, Regulation, Sheldon Adelson, Singapore, Stanley Ho, Steve Wynn, The Strip, Tribal, Wall Street | Comments Off on Macao’s big ass-month

Case Bets: Loveman & ladies’ shoes, CityCenter, Singapore, the Palms and Wayne Newton

Posted on February 26, 2010 by David McKee

Naptime in the casino. If American casinos are less frenetic than those of, say, Macao, the gambling culture in Singapore is very relaxed indeed. Fancy a catnap at your slot machine? No problem! Oh, to see the expression on Sheldon … Continue reading →

Posted in Alex Yemenidjian, Architecture, CityCenter, Current, Entertainment, Genting, George Maloof, Harrah's, MGM Mirage, Midnight Jim Gibbons, Problem gambling, Sheldon Adelson, Singapore, The Strip, TV, Wall Street | 4 Comments

Adelson, Earl & a paper tiger

Posted on February 24, 2010 by David McKee

Opening a drowsy eye, the Las Vegas Review-Journal belatedly took note of Las Vegas Sands‘ Singapore project, although the story was just a puff piece (perhaps because its writer used to toil in Vegas’ PR shops, including a stint at … Continue reading →

Posted in Archon Corp., Current, Economy, Genting, Harrah's, Lake Las Vegas, Planet Hollywood, Regulation, Sheldon Adelson, Singapore, Station Casinos, Steve Wynn, Wall Street | Comments Off on Adelson, Earl & a paper tiger

This just in: Wynn goes to Philly

Posted on February 23, 2010 by David McKee

As of this moment (i.e., while I’m typing), Hunter Hillegas‘ blog has what neither the Las Vegas Sun nor the Las Vegas Review-Journal do: the breaking news that, yes indeed, Wynn Resorts is riding to the rescue of the hapless … Continue reading →

Posted in Architecture, Atlantic City, Boyd Gaming, Current, MGM Mirage, Pennsylvania, Regulation, Sheldon Adelson, Steve Wynn, Tribal, Wall Street | 5 Comments

Penn: “You stupid darkness!”

Posted on February 22, 2010 by David McKee

In one of my absolute favorite Peanuts strips, Charlie Brown finds Linus out in the night, carrying a taper. Asked to explain, Linus replies that it’s better to light a single candle than curse the darkness. Cut to Lucy, elsewhere, … Continue reading →

Posted in Current, Economy, Maryland, Ohio, Penn National, Pennsylvania, The Strip, Wall Street | 3 Comments

Quote of the Day

Posted on February 22, 2010 by David McKee

“The buck stopped with me. But if you don’t get the right information, it’s difficult to make common-sense decisions.” — Las Vegas Sands CEO Sheldon Adelson, passing the buck for his company’s near-collapse onto former LVS executives.

Posted in Economy, Macau, Sheldon Adelson, Wall Street | 1 Comment

Sheldon Adelson, TV star

Posted on February 19, 2010 by David McKee

There I was, wrapping up a two-day “staycation” with dinner at Metro Pizza when I looked up and … let’s say I’m lucky I didn’t choke to death from shock at what I saw. There was Las Vegas Sands potentate … Continue reading →

Posted in Archon Corp., Current, Economy, Entertainment, International, James Packer, Lawrence Ho, Macau, Melco Crown Entertainment, Pennsylvania, Regulation, Sheldon Adelson, Sports, Steve Wynn, The Strip, TV, Wall Street, Wayne F. Newton | 1 Comment

Sands & MGM previewed

Posted on February 16, 2010 by David McKee

Weighing in ahead of Las Vegas Sands and MGM Mirage conference calls, J.P. Morgan analysts have some early projections. They remain bullish on Marina Bay Sands, although it may now open in late May. (Incredibly, Morgan says this one-month discrepancy … Continue reading →

Posted in Atlantic City, Current, Economy, International, Macau, MGM Mirage, Pansy Ho, Pennsylvania, Regulation, Sheldon Adelson, Singapore, Steve Wynn, The Strip, Tourism, Wall Street | 6 Comments

Harrah’s: too big to fail

Posted on February 16, 2010 by David McKee

Take a good look at that fresh-faced man to the left. His name is Jonathan Halkyard and he’s the CFO of Harrah’s Entertainment. If he seems like a kid who’s running up a reckless tab on Dad’s credit card, blame … Continue reading →

Posted in Atlantic City, Harrah's, Herbst Gaming, James Packer, Lake Tahoe, Melco Crown Entertainment, Ohio, Planet Hollywood, Racinos, Station Casinos, The Strip, Wall Street | Comments Off on Harrah’s: too big to fail

Canaries in the coal mine

Posted on February 16, 2010 by David McKee

A minor brouhaha has been playing out in the pages of Howard Stutz‘s blog. Last Friday, Susquehanna Financial Group apparently sacked gaming analyst Robert LaFleur. “[D]ue to the departure of the analyst from the firm,” said SFG, with faultless deadpan … Continue reading →

Posted in CityCenter, Current, MGM Mirage, Sheldon Adelson, Singapore, The Strip, Wall Street | 1 Comment

Caveat emptor!

Posted on February 12, 2010 by David McKee

Casinos are a good investment — provided they’re outside the United States. That’s pretty much the bottom line, as seen through the rose-colored spectacles of blogger Martin Spring. He likes Genting Bhd and Internet-casino operator bwin Interactive Entertainment. Fine with … Continue reading →

Posted in Genting, International, Internet gambling, James Packer, Lawrence Ho, Melco Crown Entertainment, MGM Mirage, Sheldon Adelson, Stanley Ho, Steve Wynn, Wall Street | Comments Off on Caveat emptor!

IGT quits Japan; Vdara goes bargain-friendly; Singapore opens

Posted on February 11, 2010 by David McKee

After losing $21 million in Japan last year, IGT is saying a not-so-fond farewell to the Land of the Rising Sun. Its sales of pachislot machines had been in decline and were nowhere near the volume needed to reach break-even. … Continue reading →

Posted in CityCenter, Genting, IGT, International, MGM Mirage, Regulation, Sheldon Adelson, Singapore, Technology, The Strip, Wall Street | 2 Comments

Aren’t we glad?

Posted on February 9, 2010 by David McKee

When given lemons, make lemonade. When hit with a throat infection, lay low and scrounge around for S&G fodder. So it is today — and I didn’t have to scrounge very far. While Las Vegas didn’t dodge too many bullets … Continue reading →

Posted in Alabama, Architecture, Atlantic City, Bally Technologies, Carl Icahn, Dubai, Economy, Entertainment, Harrah's, IGT, Illinois, Indiana, James Packer, Pennsylvania, Planet Hollywood, Regulation, Steve Wynn, Technology, The Strip, Transportation, Tropicana Entertainment, Wall Street, WMS Industries | 3 Comments

Case Bets: Laughlin postmortem, Newton grounded, Gibbons robs problem gamblers

Posted on February 4, 2010 by David McKee

It’s an S&G Special Austerity Edition (i.e., no pictures) … Three grand. That’s the value of a human life in Nevada. The Washingtonian who crashed his car into Laughlin‘s Edgewater casino, killing two and injuring seven, is out on $6,000 … Continue reading →

Posted in Alex Yemenidjian, Architecture, Boyd Gaming, Current, Detroit, Economy, Entertainment, Harrah's, IGT, Laughlin, MGM Mirage, Midnight Jim Gibbons, Movies, Politics, Problem gambling, Regulation, Reno, Transportation, TV, Wall Street, Wayne F. Newton | Comments Off on Case Bets: Laughlin postmortem, Newton grounded, Gibbons robs problem gamblers

Enter Loveman, exit jobs; Tamares’ legacy

Posted on February 3, 2010 by David McKee

Just this morning I was thinking that the first thing Planet Hollywood employees could expect when Harrah’s Entertainment took over was large-scale job losses and so it will be. This is one of those occasions I really hate being proven … Continue reading →

Posted in ABBA, Ameristar, Columbia Sussex, Current, Downtown, Economy, Entertainment, Harrah's, Planet Hollywood, Regulation, Tamares Group, Wall Street | 6 Comments

Quote of the Day

Posted on January 29, 2010 by David McKee

“Bidder for Fontainebleau says Las Vegas probably a bit overbuilt” — caption for Las Vegas Review-Journal story about Carl Icahn‘s F-bleau acquistion. “Probably a bit overbuilt” … now there’s a masterful understatement.

Posted in Carl Icahn, Economy, Fontainebleau, The Strip, Wall Street | 2 Comments

Curtis pwns Cavuto

Posted on January 28, 2010 by David McKee

Neil Cavuto, a loud, whiny, obnoxious ass-clown and former Enron apologist tries to get our own Anthony Curtis to buy into his setup. Cavuto — as usual — doesn’t know what he’s talking about and Anthony does the impossible … … Continue reading →

Posted in Current, Election, Politics, TV, Wall Street | 1 Comment