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Las Vegas Business Press
Thursday, November 20, 2008
Entries for David McKee

Friday, June 30, 2006
Station facing multi-front war?
It’s hardly news that Station Casinos and the Culinary Union have long been at loggerheads here in Vegas over the company’s anti-union stance. (Unlike some of its competitors, Station has been too smart to engage in the sort of confrontational behavior that has roiled management-employee tensions elsewhere in town — at least not since its [...]
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Wednesday, June 28, 2006
Q2: Wynners and losers on the Strip
Majestic Research has posted its top 20 Strip casinos, in terms of play (or, more properly, “game usage”) in the second quarter of 2006. For the second year running, Wynn Las Vegas tops the list, with MGM Grand retaining second place. Steve Wynn benefits from not being in competition with himself but MGM Mirage execs [...]
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Wednesday, June 28, 2006
Two former Atlantic City bosses to duke it out
No, it’s not a casino-exec cage match at the Trump Taj Mahal, alas. But two formerly dominant figures on the Boardwalk’s casino scene could be throwing down again soon. Ex-Caesars Entertainment CEO Wallace Barr is spearheading the $88 million acquisition of 11 acres of Boardwalk real estate, according to The Press of Atlantic City. Encompassing [...]
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Sunday, June 25, 2006
“Passive landlords” = amateur night?
Lichtenstein just legalized casinos, which reminds me of Tamares Group, headquartered over there, in Vaduz, and underlying owner of four casinos in downtown Las Vegas. What do we know about Tamares? Not a whole heckuva lot. More to the point, what does the Nevada Gaming Control Board know? That’s unclear, since Tamares — which has its [...]
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Sunday, June 25, 2006
Bad karma in Singapore & other news
According to the Taipei Times, whoever wins the resort concession for Singapore’s Sentosa Island might be facing some metaphysical complications. Seems that Sentosa was the sight of some Japanese war crimes during World War II and some inauspicious vibes might be lingering in the air. A few feng shui experts might set matters aright — [...]
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Friday, June 23, 2006
Gaming Commission sets dangerous precedent; That fickle Tharaldson
Not to put too fine a point on it, the Nevada Gaming Commission (and before the NGC, the Gaming Control Board, too) really screwed the pooch with their June 22nd decision to create a preferred class of casino investors. For the gory details, read Business Press Editor Ian Mylchreest’s take on the sorry spectacle in [...]
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Thursday, June 22, 2006
The hits just keep on coming
Not only were at least 14 casinos toast, following the double whammy of hurricanes Katrina and Rita, casino companies will be feeling a sizeable aftershock, if the latest SEC filing from Pinnacle Entertainment is any indication. Buried in the last paragraph is the grim news that, due to the severity of recent hurricane damage, Pinnacle’s [...]
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Thursday, June 22, 2006
Investor, educate thyself!
It looks as though the sale of Riviera Holdings to a development consortium led by Barry Sternlicht, Neil Bluhm, Brett Torino, et cie is a lead-pipe cinch to go through. The hopes of dissident shareholders may have been buoyed when Riviera stock traded at $21 and change for several weeks this spring. In other words, [...]
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Friday, June 16, 2006
Maxim un-fondly remembered; Montreux panned
While we’re not entirely confident that this Maxim-branded casino, slated for land just north of Circus Circus, is actually going to, well, you know, happen, it has sparked a fair amount of reminiscing about the old Maxim, which closed in 1999, briefly reopened in 2000, then expired for good. Columbia Sussex, which recently acquired Aztar [...]
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Friday, June 16, 2006
Pittsburgh to casinos: You can do better
Here at S/G we’re still catching up with some interesting events that unfolded while our Luddite self was still learning the rudiments of HTML code (not that I’m any great shakes now, as my editor, Ian Mylchreest, can tell you). Here’s one from earlier this month. Casino expansion into Pennsylvania has gone under-reported around town [...]
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