Category Archives: Cannery Casino Resorts

GLPI gets a racino; Reckless casino rhetoric

Posted on December 16, 2015 by David McKee

After over a year of litigation, Gaming & Leisure Properties has come to terms with Cannery Casino Resorts over the sale of Meadows Racetrack, near Pittsburgh. (Next step for GLPI, find an operator. Penn National Gaming? Pinnacle Entertainment?) Considering that … Continue reading →

Posted in Boyd Gaming, Cannery Casino Resorts, Dining, Election, GLPI, Harrah's, Maryland, Movies, Penn National, Pennsylvania, Pinnacle Entertainment, Racinos, Sheldon Adelson, Station Casinos, Wall Street | 1 Comment

SLS: Closed by 2016?

Posted on August 19, 2015 by David McKee

That’s the stark implication of some remarks by owner Stockbridge Capital Partners about SLS Las Vegas, which continues to generate negative return on investment. Howard Stutz took a deep dive into the numbers and he must have required a bathysphere to … Continue reading →

Posted in Cannery Casino Resorts, Dining, Entertainment, Genting, Harrah's, IGT, Isle of Capri, James Packer, Marketing, Mississippi, Mohegan Sun, Neil Bluhm, New York, Penn National, Pennsylvania, Revel, Sam Nazarian, Sheldon Adelson, SLS Las Vegas, Taxes, The Strip, Wall Street | 1 Comment

Packer plays musical chairs; Atlantic City … the rest of the story

Posted on August 13, 2015 by David McKee

A 41% dive in Crown Resorts prompted James Packer to resign his chairmanship of the company, handing his portfolio to Deutsche Bank veteran Robert Rankin. The change appears to be more cosmetic than substantive, seeing as the brawling billionaire will … Continue reading →

Posted in Atlantic City, Australia, Cannery Casino Resorts, Harrah's, Internet gambling, James Packer, Lawrence Ho, Macau, Marketing, Melco Crown Entertainment, Mohegan Sun, Stanley Ho, The Strip, Tilman Fertitta, Tropicana Entertainment, Trump Entertainment Resorts | 1 Comment

Penn National exits major project

Posted on March 31, 2015 by David McKee

There’s one casino license left in Pennsylvania but favorite son Penn National Gaming won’t be the one developing it. “We are disappointed to be withdrawing from this project. However, given the continued softness in the economy and the level of market saturation … Continue reading →

Posted in Cannery Casino Resorts, Foxwoods, GLPI, Harrah's, Isle of Capri, New York, Ohio, Oklahoma, Penn National, Pennsylvania, Racinos, Technology, Tribal | Comments Off

Clashing views on MGM; Shotgun wedding in Pennsylvania

Posted on October 30, 2014 by David McKee

MGM Resorts International‘s third quarter was “better than expected” if you were J.P. Morgan analyst Joseph Greff and “disappointing” if you are Deutsche Bank‘s Carlo Santarelli. It’s a matter of how MGM performed relative to analyst forecasts. While the Las Vegas Strip … Continue reading →

Posted in Cannery Casino Resorts, CityCenter, Detroit, GLPI, Harrah's, Macau, Mississippi, Pennsylvania, The Strip, Wall Street | Comments Off

Impatience in Philly; Big sting at Caesars

Posted on October 29, 2014 by David McKee

It’s been eight months since the Pennsylvania Gaming Control Board held suitability hearings for awarding Philadelphia‘s second and final casino license. Those deliberations seem to have receded in the hazy yon of the past. It’s a situation that’s not sitting well … Continue reading →

Posted in Cannery Casino Resorts, Harrah's, Internet gambling, Law enforcement, Macau, Penn National, Pennsylvania, Racinos, Regulation | Comments Off

Players take Vegas to the cleaners

Posted on October 28, 2014 by David McKee

Baccarat players stayed home or played smaller last month. The Strip’s most important revenue driver dropped 30% on 12.5% less play. So luck and players’ wallets were both working in the casinos’ disfavor. Despite a 2% increase in coin-in, slot … Continue reading →

Posted in Boulder Strip, Cannery Casino Resorts, Downtown, Economy, Laughlin, Macau, North Las Vegas, Penn National, Pennsylvania, Racinos, Technology, The Strip | Comments Off

Packer’s second chance

Posted on August 5, 2014 by David McKee

“You can’t be in the gaming industry and not have a special reverence for Las Vegas — that’s where it all began. While we fell short in past attempts to enter that market, we now have the ideal opportunity.” So said … Continue reading →

Posted in Arizona, Cannery Casino Resorts, Donald Trump, Election, Fontainebleau, Harrah's, James Packer, MGM Mirage, Politics, Sam Nazarian, Station Casinos, Steve Wynn, The Strip, Tribal, Wall Street | 2 Comments

Abboud: Sinners repent!; Loveman’s orphan

Posted on June 4, 2014 by David McKee

Sounding like anti-casino zealot, Las Vegas Sands Senior Vice President of Government Relations & Community Development Andy Abboud had a dire message for Pennsylvania lawmakers: “Gambling was never supposed to be everywhere. It’s not an entitlement; it’s a vice. It needs to be doled … Continue reading →

Posted in Cannery Casino Resorts, Economy, Election, Harrah's, Harry Reid, Japan, Neil Bluhm, Pennsylvania, Politics, Sheldon Adelson | Comments Off

More states covet Internet lucre; Steeplechase in New York

Posted on May 20, 2014 by David McKee

Pennsylvania is keeping a close eye on Internet gambling in New Jersey. That much is clear from recent testimony before the House Democratic Policy Committee. “It can be regulated and controlled and … the existing technology can accurately locate players to prevent … Continue reading →

Posted in Atlantic City, Cannery Casino Resorts, Churchill Downs, Harrah's, Horseracing, Internet gambling, Neil Bluhm, New York, Penn National, Pennsylvania, Sheldon Adelson, Texas, Tribal, Wisconsin | Comments Off

Cuomo’s gamble and other Case Bets

Posted on May 19, 2014 by David McKee

New York Gov. Andrew Cuomo (D, right) promised constituents that casino gambling would “fundamentally change the trajectory of the Catskills.” But will it? Or will his administration cut the promised economic recovery off at the knees by favoring one of five … Continue reading →

Posted in Cannery Casino Resorts, Economy, Foxwoods, Genting, Harrah's, Iowa, Massachusetts, New York, Pennsylvania | Comments Off

Full House’s busted flush; GLPI’s big play

Posted on May 14, 2014 by David McKee

In further evidence of saturation in the gaming industry (if more were needed), Full House Resorts wants to be released from a commitment to buy Fitzgerald’s Casino, in Tunica. Seems that Full House can’t find banks who’ll underwrite the deal. … Continue reading →

Posted in Cannery Casino Resorts, Dan Gilbert, Detroit, Harrah's, LVCVA, Marketing, MGM Mirage, Mississippi, Penn National, Racinos, Wall Street | Comments Off

Tropicana Bethlehem?; One acre and a casino

Posted on April 10, 2014 by David McKee

Las Vegas Sands‘ waving of the white flag over its Sands Bethlehem casino may have finally yielded a buyer. Having stated publicly, however, that $1 billion was the asking price may have limited Sands flexibility to negotiate (not to mention … Continue reading →

Posted in Alabama, Cannery Casino Resorts, Carl Icahn, Current, Florida, New Hampshire, Pennsylvania, Sheldon Adelson, South Carolina, Tribal, Tropicana Entertainment | 1 Comment

Quote of the Day

Posted on March 17, 2014 by David McKee

“My candid answer is nobody knows what will happen except God and he hasn’t told me.” — state Rep. Robert Elliott (R), on the future of wannabe racino Rockingham Park, in New Hampshire.

Posted in Cannery Casino Resorts, New Hampshire, Racinos | Comments Off

Shilling for Adelson; Saturation comes to Pennsylvania

Posted on February 18, 2014 by David McKee

After the 9/11 attacks, New York State then-Gov. George Pataki (R) was only to push casinos through as a form of economic stimulus. Now he’s a sock puppet for Sheldon Adelson, preaching the evils of Internet casinos. He’s been parroting … Continue reading →

Posted in Cannery Casino Resorts, Greenwood Racing, Harrah's, Isle of Capri, Massachusetts, MGM Mirage, Neil Bluhm, Penn National, Pennsylvania, Politics, Problem gambling, Sheldon Adelson | Comments Off

Through a looking glass, brightly

Posted on February 6, 2014 by David McKee

So much for my crystal ball. Two projects that I openly doubted are now close to fruition and a third is showing fitful signs of life. (Another, Howard Bulloch‘s Ferris wheel, appears to be being dismantled.) Yesterday, SLS Las Vegas … Continue reading →

Posted in Alex Yemenidjian, Cannery Casino Resorts, Entertainment, Hard Rock Hotel, Harrah's, MGM Mirage, Planet Hollywood, Sahara, Sam Nazarian, The Strip, Tilman Fertitta, Tourism, Transportation | Comments Off

Getting serious in Massachusetts; i-Flop in Delaware

Posted on January 27, 2014 by David McKee

A drive to repeal Massachusetts‘ casino-enabling legislation has got Bay State operators-to-be taking it very seriously. They’ve filed with the state Supreme Court to have it stricken from the state ballot. (The state’s attorney general, Martha Coakley, pictured, has already … Continue reading →

Posted in Cannery Casino Resorts, Delaware, Election, Illinois, Internet gambling, Massachusetts, Mohegan Sun, Penn National, Regulation, Slot routes | Comments Off

Defining a Vegas recovery; Big push in New Hampshire

Posted on January 6, 2014 by David McKee

Which would you rather have: More visitors three years straight or more spending per capita? That’s the choice Las Vegas has to make as it defines its recovery. On the bright side, ADRs are catching up with supply, with which … Continue reading →

Posted in Cannery Casino Resorts, Charity, Current, Economy, Iowa, New Hampshire, Ohio, Penn National, Singapore, The Strip, Wall Street, Warner Gaming | Comments Off

Fertitta’s luck; The big get bigger; Tribes in cyberspace

Posted on December 12, 2013 by David McKee

Congratulations to Tilman Fertitta, just named Gaming Executive of the Year by Casino Journal magazine. “Fertitta, owner of Golden Nugget casinos, has accomplished something few gaming executives can claim these days—founding and expanding a U.S.-based casino company in the midst … Continue reading →

Posted in Cannery Casino Resorts, Internet gambling, Pennsylvania, Regulation, Sheldon Adelson, Slot routes, Tilman Fertitta, Tribal | Comments Off

Case Bets: Scientific, Japan, Pennsylvania, Arizona

Posted on November 19, 2013 by David McKee

Happy trails to Scientific Games CEO Lorne Weil, who got the axe this morning. He was immediately replaced by former Revlon CEO David L. Kennedy. Revlon ower Ronald Perelman takes over as CEO. Kennedy isn’t a newcomer to Scientific: He … Continue reading →

Posted in Arizona, Cannery Casino Resorts, Current, Greenwood Racing, Harrah's, Isle of Capri, Japan, Neil Bluhm, Pennsylvania, Scientific Games, Sheldon Adelson, Tribal, Wall Street | Comments Off