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Archive for June, 2006
Sunday, June 25, 2006 Bad karma in Singapore & other news By David McKee 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 By David McKee 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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Friday, June 23, 2006 The Gaming Commission blinked By Ian Mylchreest Ten days ago, I wrote a column declaring that the Gaming Commission would have to review the way it deals with outside investors who are making real estate plays on the Strip. And on Thursday, the Commission had the chance to resolve this dilemma, reports the Associated Press.
In my humble opinion, the regulators screwed up. The Commission was [...]
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Thursday, June 22, 2006 The hits just keep on coming By David McKee 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! By David McKee 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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Thursday, June 22, 2006 It doens't get any better than this for investment banks By Ian Mylchreest If you've been offline for a couple of weeks, you've missed some spectacular earnings numbers. All the big banks - Morgan Stanley, Bear Stearns, Goldman Sachs and Lehman Brothers - have announced record earnings, reports BusinessWeek and the reason is big deals.
The banking houses no longer depend on traditional revenue streams such as equities to [...]
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Thursday, June 22, 2006 What a load of crap By Len Butcher I don’t want to be accused of being a potty mouth, but I did get a little flushed when I read that Singapore, the tiny cleanliness-obsessed nation, is waging an all-out attack on what it considers filthy restrooms. First step is to give some dignity, and a little more money, to its toilet cleaners, say [...]
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Thursday, June 22, 2006 Quick Hits: On endorsements, Helldorado Days, dental cheating Reilly and the Neff Doctrine By Steve Sebelius We were gone toward the tail end of last week, and so we missed our chance to comment on a few things. But the miracle of the Internet is, Quick Hit leftovers taste just as good with a couple minutes in the microwave. Here we go!
• Gov. Kenny Guinn gave Lt. Gov. Lorraine Hunt [...]
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Thursday, June 22, 2006 Goodman follies By Steve Sebelius Give Las Vegas Mayor Oscar Goodman credit: When he drinks the Hatorade, he guzzles it like it was precious gin, and sucks the last drop from the gallon-sized plastic bottle.
Speaking at a City Council meeting Wednesday, Goodman pledged to rid the city's parks of homeless people, including passing an ordinance banning Good Samaritans from [...]
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Wednesday, June 21, 2006 Malls take a page from casinos By Len Butcher Did you know that there are more shopping malls in the United States than there are high schools? That Americans spend in the neighborhood of three trillion dollars a year in malls? That a high percentage of shoppers buy things at a mall that they never intended to when they entered the mall. Why? Because [...]
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