Category Archives: World Series of Poker

Caesars: Borrowing time

Posted on September 19, 2013 by David McKee

“Caesars Entertainment Corporation (CZR) is a highly overvalued gaming, hotel, and entertainment company with deteriorating fundamentals on all levels in a highly competitive environment.” — Aaron Zander, Seeking Alpha. It’s that moment we’ve all been waiting for, the one where … Continue reading →

Posted in International, Massachusetts, New York, Taxes, Wall Street, World Series of Poker | Comments Off

Penn: Start making sense!; Casinos clean up in Lege

Posted on June 4, 2013 by David McKee

Casinos in Ohio have not been living up to revenue expectations. Given such a fallow market, what has Penn National Gaming decided to do? Break ground on two racinos, of course! One is in the Dayton area, the other — … Continue reading →

Posted in Boyd Gaming, Current, Dan Gilbert, Economy, Harrah's, Internet gambling, Macau, MGM Mirage, MTR Gaming, Neil Bluhm, Ohio, Penn National, Politics, Racinos, Sheldon Adelson, Slot routes, Stanley Ho, Station Casinos, World Series of Poker | 1 Comment

Pinnacle: The cost of the deal

Posted on May 30, 2013 by David McKee

Pinnacle Entertainment finds itself in an interesting pickle today: It’s awfully far into its Federal Trade Commission-blocked purchase of Ameristar Casinos to blow it up by, say, selling three or more Ameristar properties or otherwise triggering a fallout. And if … Continue reading →

Posted in Ameristar, CityCenter, Current, Harrah's, Internet gambling, Louisiana, Macau, Melco Crown Entertainment, MGM Mirage, Missouri, Penn National, Regulation, Sheldon Adelson, Vdara Death Ray, Wall Street, World Series of Poker | Comments Off

One pig, slightly perfumed; Loveman’s fire sale

Posted on September 17, 2012 by David McKee

Having waited too long and spent too much to ever get around to his long-rumored teardown of the Imperial Palace, the CEO/CFO/COB and prexy of Caesars Entertainment, one Gary Loveman, now finds himself perfuming a pig. Despite having more brand … Continue reading →

Posted in Architecture, Florida, Hard Rock Hotel, history, Internet gambling, Iowa, Macau, Maryland, Massachusetts, Mississippi, Ohio, Racinos, Reno, The Strip, Wall Street, World Series of Poker | 3 Comments

Emperor Loveman’s new clothes

Posted on September 7, 2012 by David McKee

When I said a Caesars Entertainment bankruptcy was a matter of when, not if, little idea did I have how soon that might be. Earlier this week, Fitch Ratings Service lowered Caesars’ bond rating to “negative,” a veritable kiss of … Continue reading →

Posted in Current, Dan Gilbert, Harrah's, International, Internet gambling, Massachusetts, Ohio, Pennsylvania, Racinos, Taxes, The Strip, Wall Street, World Series of Poker | 7 Comments

Ides of March: Caesars, MGM, Wynn court Wall Street

Posted on March 21, 2012 by David McKee

Evidently J.P. Morgan‘s Gaming, Lodging & Leisure Management Access Forum, being held this week at Wynncore, isn’t sufficiently important to merit the attendance of Big Gaming’s CEOs. If Steve Wynn couldn’t make the stroll from his office to Encore’s meeting … Continue reading →

Posted in Ameristar, Atlantic City, Boyd Gaming, CityCenter, Current, Detroit, Economy, Encore, Entertainment, Harrah's, Illinois, Internet gambling, Macau, Marketing, Maryland, Massachusetts, MGM Mirage, Neil Bluhm, Ohio, Politics, Regulation, Sheldon Adelson, Stanley Ho, Steve Wynn, Technology, The Strip, Tourism, Wall Street, World Series of Poker | 2 Comments

They’re just wild about Harry

Posted on December 3, 2010 by David McKee

An Alexandra Berzon byline in the Wall Street Journal, picked up by Politico.com (and forwarded to S&G by reader Hpark4) makes it implicitly clear why the casino industry’s Job One during the recent election cycle was to keep Sen. Harry … Continue reading →

Posted in Current, Harrah's, Harry Reid, Internet gambling, Louisiana, Planet Hollywood, Politics, Reno, Steve Wynn, World Series of Poker | 1 Comment

What becomes a Hellmouth most? Gary Loveman’s hostage drama

Posted on September 30, 2010 by David McKee

Perhaps it’d be exiting the World Series of Poker Europe must faster and with far less bombast than he entered it. Muddled metaphor? Compared to the 1990s, the casino industry’s image problems really aren’t that bad, especially when you consider … Continue reading →

Posted in Current, G2E, Harrah's, International, World Series of Poker | 3 Comments

11 Lady Gagas … and Phil Hellmuth

Posted on September 24, 2010 by David McKee

If James Bond were hosting a poker tournament it may look like the World Series of Poker Europe,” WSOP commissar Jeffrey Pollack once told Pokerlistings.com. It may. Then again, it may not. If you’re Phil “Hellmouth” Hellmuth and lack a … Continue reading →

Posted in Current, Harrah's, International, World Series of Poker | 2 Comments

Reid wusses out; Sucker bets, Sheldon & strippers

Posted on August 26, 2010 by David McKee

UIGEA repeal? Forget about it. Sen. Harry Reid (D-NV) has chickened out again. Pressed on the issue, he said he’d support the legalization of online poker but faintheartedly drew the line there. That still wasn’t good enough for some independent … Continue reading →

Posted in Australia, CityCenter, Current, Dubai, Election, Entertainment, Harrah's, Harry Reid, International, Internet gambling, James Packer, Macau, Marketing, MGM Mirage, Morgans Hotel Group, Politics, Regulation, Reno, Sheldon Adelson, Steve Wynn, The Strip, Tourism, Wall Street, World Series of Poker | 3 Comments

Rio: The final frontier?

Posted on August 13, 2010 by David McKee

Although I was hoping to keep this under wraps a few more days, reader Jeff_in_OKC connected all the dots this afternoon, so I’ll have to scoop myself. Here goes … At last week’s annual Star Trek Convention, the program contained … Continue reading →

Posted in Colony Capital, Current, Economy, Election, Entertainment, Harrah's, The Strip, World Series of Poker | 8 Comments

S&G hither & yon

Posted on July 12, 2010 by David McKee

Last weekend’s usual barrage of errands, veterinary appointments, etc., was interrupted long enough for Yr. Humble Blogger to guest-host another edition of The Strip Podcast. In it, I reveal my shameful ignorance of televised poker (something I literally tuned out … Continue reading →

Posted in Ameristar, Architecture, Cannery Casino Resorts, CityCenter, Cosmopolitan, Dining, Downtown, Economy, Entertainment, Harrah's, Isle of Capri, MGM Mirage, Missouri, North Las Vegas, Pinnacle Entertainment, Regulation, Sheldon Adelson, Sports, Technology, The Strip, Tilman Fertitta, TV, Wall Street, World Series of Poker | 1 Comment

“Project Linq”

Posted on July 1, 2010 by David McKee

I’m not sure anybody but Gary Loveman could come up with such a preposterous handle as “Project Linq” (alas, not “Linc,” as in Clarence Williams III on the Mod Squad, although that would be pretty cool) for Harrah’s Entertainment‘s street … Continue reading →

Posted in Archon Corp., Current, Economy, Election, Harrah's, Marketing, Massachusetts, Politics, Sports, Taxes, The Strip, Tourism, Wall Street, World Series of Poker | 6 Comments

Sheldon’s smokin’ (something)

Posted on April 30, 2010 by David McKee

If any other gaming CEO than Sheldon Adelson opened the most expensive casino ever ($5.5 billion) and projected it would recoup its tab in five years — requiring a return on investment well above 20% when you take operating costs … Continue reading →

Posted in Atlantic City, Colony Capital, Entertainment, Fontainebleau, Harrah's, International, Macau, Marketing, Penn National, Pennsylvania, Planet Hollywood, Sheldon Adelson, Singapore, Station Casinos, Wall Street, World Series of Poker | 2 Comments

Harrah’s robbing Peter to buy Paul

Posted on April 15, 2010 by David McKee

When executives of Harrah’s Entertainment credit “hard-nosed” negotiating tactics for their success is reducing the company’s preposterous debt level, one suspects that threats of default and bankruptcy serve as the rhetorical equivalents of the rubber hose and brass knuckles. It’s … Continue reading →

Posted in Archon Corp., Current, Economy, Entertainment, Harrah's, International, Internet gambling, Macau, Mississippi, Planet Hollywood, Politics, Regulation, Riviera, The Strip, Wall Street, World Series of Poker | Comments Off

Introducing Planet Harrah’s

Posted on February 23, 2010 by David McKee

Newly Harrah’s-ized Planet Hollywood has got a new Web site. OK, it’s a little rudimentary by 2010 standards but we’re in the top of the first inning here. (If for some reason the page doesn’t show in your browser, the … Continue reading →

Posted in Alex Yemenidjian, Architecture, Cirque du Soleil, Current, Entertainment, Harrah's, MGM Mirage, Planet Hollywood, Technology, The Strip, Wayne F. Newton, World Series of Poker | 12 Comments

Damsel in distress

Posted on January 4, 2010 by David McKee

Until 2005, when Harrah’s Entertainment devoured Park Place Entertainment, its flagship property in Las Vegas was The Rio. Since then the lady has fallen upon hard times. During the period 2007-09, while Harrah’s CEO Gary Loveman blew hundreds of millions … Continue reading →

Posted in Current, Economy, Entertainment, Harrah's, Penn National, Regulation, Wall Street, World Series of Poker | 4 Comments

Seven essential Web sites … and other news

Posted on June 25, 2009 by David McKee

Yes, you too can can be a gaming-industry blogger, with the help of but a few absolutely indispensable Web sites. The ones that I check Monday-Friday without fail (and, as they say on Dancing with the Stars, “in no particular … Continue reading →

Posted in Architecture, Atlantic City, Current, Entertainment, G2E, Harrah's, International, Macau, Movies, Steve Wynn, Technology, The Strip, Tribal, TV, World Series of Poker | Comments Off

Garber to Harrah's? Apparently not

Posted on April 16, 2009 by David McKee

So is former PartyGaming PLC supremo Mitch Garber going to Harrah’s Entertainment or isn’t he? As of yesterday, it appears that the company is denyinga London Times report that it had signed Garber to head up a conglomeration of its … Continue reading →

Posted in Colony Capital, Harrah's, International, Internet gambling, MGM Mirage, Regulation, The Strip, World Series of Poker | Comments Off