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Category Archives: Cirque du Soleil
Parisian debuts, Adelson still thinking big
Sheldon Adelson™ has refrained from pre-hyping his Parisian Macao, preferring to let the product speak for itself. It opened last night to the customary fireworks display, as well as a dazzling light show on the megaresort’s half-size Eiffel Tower. Additional … Continue reading
Posted in Architecture, Cirque du Soleil, Entertainment, International, Macau, MGM Mirage, Movies, Sheldon Adelson, Singapore, Stanley Ho, Steve Wynn
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Indiana gamblers visit less, play more; Rude surprise at Seminole Hard Rock
Indiana casino customers visited less last month but more than made up for it with increased spending, keeping Hoosier State gaming revenues stable. That even-keel figure conceals some big swings and roundabouts at individual property. Horseshoe Hammond had an unaccountably … Continue reading
Tipping point in Pennsylvania near; Cirque du NFL
“I think gaming expansion money in one form or another is necessary for this budget process to be complete,” spoke Pennsylvania House Majority Leader Dave Reed (R). With Gov. Tom Wolf (D, right) having given way on sales-tax and income-tax … Continue reading
Posted in Cirque du Soleil, Economy, International, Internet gambling, Lawrence Ho, Macau, Marketing, Melco Crown Entertainment, MGM Mirage, Mississippi, Pennsylvania, Politics, Sheldon Adelson, Slot routes, Sports, Station Casinos, Steve Wynn, Taxes, The Strip, Wall Street
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MGM wows Wall Street; Lucky Dragon clears major hurdle
Stock analysts were expecting MGM Resorts International to report 1Q16 cash flow of $590 million but the lion overshot projections, bringing in the sheaves to the tune of $618 million. JP Morgan analyst Joseph Greff credited much of the success … Continue reading
Posted in Cirque du Soleil, CityCenter, Detroit, Entertainment, James Packer, Lucky Dragon, LVCVA, Macau, Melco Crown Entertainment, MGM Mirage, Mississippi, Sheldon Adelson, SLS Las Vegas, Steve Wynn, The Strip, Wall Street
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Wynn vs. Wynn; ‘Believe’ gets a new name, focus
More details of Elaine Wynn‘s lawsuit against Wynn Resorts, CEO Steve Wynn and General Counsel Kim Sinatra are emerging. She barrages the three with a litany of complaints, one of which seems to imply that her ex got a company … Continue reading
Posted in Atlantic City, Cirque du Soleil, Election, Entertainment, Harrah's, Massachusetts, MGM Mirage, Neil Bluhm, New York, Politics, Regulation, Steve Wynn, The Strip
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Baha Mar, beached whale of gaming; Betfair makes a tactical retreat
Prospective mold and corrosion are the likely fate of unfinished Baha Mar Resort, the $3.5 billion boondoggle that is probably the biggest megaresort flop of all time. (Only Fontainebleau on the Las Vegas Strip can hope to compare and it … Continue reading
Posted in Cirque du Soleil, Fontainebleau, Harrah's, International, Internet gambling
1 Comment
Adelson’s new toy; MGM: ‘Zarkana’ out, architectural innovation in
Las Vegas‘ worst-kept secret is out: Sheldon Adelson is the new owner of the Las Vegas Review-Journal. He’s claiming that the clumsy subterfuge was needed so as not to “distract from the important role Nevada continues to play in the … Continue reading
Posted in Architecture, Cirque du Soleil, CityCenter, Election, Harrah's, Harry Reid, MGM Mirage, Politics, Sheldon Adelson, Taxes, The Strip
4 Comments
Wynn splits expectations
Wynn Resorts split Wall Street expectations for cash flow in Macao last quarter, as well as on the Las Vegas Strip. Analyst Carlo Santarelli of Deutsche Bank said Wynn’s Vegas room revenue “wasn’t great” and characterized management’s projections as “a tad aggressive.” … Continue reading
Stalemate with Straub; MGM’s new bauble
Glenn Straub is sticking it to Stockton University but good. While the school tries to find a new buyer for the old Showboat, he’s refusing to let the university out of its purchase agreement with his KK Ventures. So far, … Continue reading
Chicago casino push gathers steam
It’s been a while since we’ve heard about a casino in Chicago but that doesn’t mean Mayor Rahm Emanuel (D, below) has given up. Far from it. He’s looking at a $839 million pension obligation and a $300 million budget … Continue reading
Posted in Cirque du Soleil, Economy, Entertainment, Illinois, MGM Mirage, Politics, Racinos, Slot routes, The Strip
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“Showstoppers” gets it done; Soul-searching at Cirque
Basking in the afterglow of the opening night of ShowStoppers. (Or properly, Steve Wynn’s Showtoppers) Wynn Resorts CEO Steve Wynn called it the most satisfying creative experience he’d had to date. When he finishes a hotel, he said, all he … Continue reading
Posted in Cirque du Soleil, Entertainment, Movies, Steve Wynn, The Strip
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Macao: Pressure for change; Stanley Ho into South Korea?
Despite having only one-tenth as many hotel rooms as Las Vegas, the enclave of Macao is feeling the pressure to develop a more tourism-oriented business model. China’s president, Xi Jinping visited Macao last weekend and dropped a few strong hints. … Continue reading
Posted in Cirque du Soleil, Harrah's, International, Macau, Marketing, New York, Politics, Sheldon Adelson, South Korea, Stanley Ho, Tourism
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Good news from the Boardwalk; Leven leaves
Rid of the Atlantic Club Hotel, Showboat, Trump Plaza and Revel, cash flow at Atlantic City casinos shot upward 7%, or $147.5 million. Once that unhappy quartet is removed from the year-over-year comparison, the percentage increase falls to 3% but … Continue reading
Posted in Carl Icahn, Cirque du Soleil, Colony Capital, Harrah's, Macau, Massachusetts, MGM Mirage, Mohegan Sun, Regulation, Revel, Sheldon Adelson, Steve Wynn, The Strip, Tilman Fertitta, Trump Entertainment Resorts, Wall Street
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Showman Steve; Who’ll take Bucharest?
Rather than hire out entertainment for his Wynncore showroom (the one not occupied by Le Reve), Steve Wynn has taken a DIY approach. He’s producing and co-writing Showstoppers, a revue of some of the most iconic songs from Broadway musicals. … Continue reading
Posted in Cirque du Soleil, Columbia Sussex, Cordish Co., Current, Entertainment, Genting, Harrah's, International, Kentucky, Maryland, Penn National, Sports, Steve Wynn, The Strip
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Sinatra 1, Pandas 0
Euphemisms have a way of sanitizing everything. For instance, there are no longer mercenaries — instead they are “contractors,” which makes them sound like somebody you’d have install your pool deck. And in Las Vegas we don’t have celebrity impersonators, we … Continue reading
Posted in Cirque du Soleil, Entertainment, G2E, Massachusetts, Penn National, Regulation, Sheldon Adelson, The Strip, Wall Street
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Goodbye, Harmon, we never knew ye
It’s that long-awaited time: The demolition of the Harmon Hotel, which holds the ignominious distinction of the first Strip hotel demolished without ever hosting a single guest. This $11.5 million sidewalk show will leave an awkward void next to Crystals. … Continue reading
Posted in Architecture, Cirque du Soleil, CityCenter, MGM Mirage, The Strip
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Smurf this!
Casinos in Ohio are already becoming a veritable laundromat of money laundering. The practice, called “smurfing,” calls for one person — or a group of conspirators — to buy casino chips, then redeem them, “washing” their cash by those means. … Continue reading
Posted in Cirque du Soleil, Entertainment, Internet gambling, Iowa, MGM Mirage, Ohio, Penn National, Regulation, Sam Nazarian, Sports, The Strip
1 Comment
Quote of the Day
“Audiences may have had the same reaction I did in my first review of Zarkana. I wrote that the character played by Paul Bisson ‘just seems to be trying so hard to tell us something. As he gesticulates and sings so … Continue reading
Posted in Cirque du Soleil, Current, Entertainment, MGM Mirage
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Case Bets: Massachusetts, Biloxi, Betcoin and Cosmo
In a TV interview, Massachusetts Gaming Commission Chairman Stephen Crosby tipped his hand, indicating that approval of MGM Springfield is far more likely than not. However, the MGC might be making some demands of its own, above and beyond what … Continue reading
Posted in Cirque du Soleil, Cosmopolitan, Derek Stevens, Downtown, Entertainment, Harrah's, Massachusetts, MGM Mirage, Mississippi, New York, Regulation, Taxes, Technology, The Strip
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Party at Sheldon’s place; Backlash in Ohio
I didn’t know what “cocaine dancers” are but the Las Vegas Review-Journal says Palazzo’s nightclub, The Act, has them. (It seems to involve far more snorting than dancing.) Sheldon Adelson‘s peeps would like the “simulated drug use, bestiality and exotic … Continue reading
Posted in Cirque du Soleil, Current, Internet gambling, Ohio, Politics, Sheldon Adelson, The Strip
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