Category Archives: Current

Wynn vs. Okada: The appraisal; Mob Experience returns … like you cared

Posted on February 22, 2012 by David McKee

Wall Street analysts are weighing in on Wynn Resorts‘ preemptive strike against Kazuo Okada last weekend. Surprisingly, J.P. Morgan‘s Joseph Greff rates it as a positive in re Steve Wynn‘s ambitions for expansion into Japan and says it doesn’t hurt … Continue reading →

Posted in Alex Yemenidjian, Cosmopolitan, Current, Election, Entertainment, Harrah's, International, Macau, Movies, Sheldon Adelson, Steve Wynn, The Mob, The Strip, TV, Wall Street | Comments Off on Wynn vs. Okada: The appraisal; Mob Experience returns … like you cared

Wynn vs. Okada: Payback Time

Posted on February 20, 2012 by David McKee

Looks like Kazuo Okada brought a knife to a gunfight with Steve Wynn. The latter has spent the last year having former FBI boss Louis Freeh and sundry investigators check up on Okada — and what a lot of dirt … Continue reading →

Posted in Current, Election, Florida, Genting, International, Macau, Massachusetts, MGM Mirage, Politics, Regulation, Sheldon Adelson, Steve Wynn, The Strip, Wall Street | 4 Comments

Sands’ new strategy: Blame Genting; Big Gaming backs Romney

Posted on February 15, 2012 by David McKee

First, the good news. Las Vegas Sands is signaling that it is not going to take its ball and come home from Florida, regardless of what lobbyist Nick Iarossi said last week. However, Sands’ emissary to the Sunshine State, Andy … Continue reading →

Posted in Atlantic City, Carl Icahn, Colony Capital, Current, Donald Trump, Downtown, Economy, Election, Florida, Genting, Goldman Sachs, Harrah's, International, Internet gambling, LVCVA, Politics, Sheldon Adelson, Station Casinos, Steve Wynn, Tamares Group, The Strip, Tropicana Entertainment, Wall Street | 1 Comment

Okada vs. Wynn, Round Two; Nevada wins, players lose

Posted on February 14, 2012 by David McKee

Having spent all weekend and most of yesterday laboring over an in-depth think piece for CityLife (a future-of-Vegas thing), I’ll admit to being pretty well fried. But the news never sleeps — much as one might wish otherwise, sometimes — … Continue reading →

Posted in Boyd Gaming, Cretins, Current, Dining, International, Macau, Marketing, Midnight Jim Gibbons, Regulation, Sheldon Adelson, Steve Wynn, Taxes, The Strip, Wall Street | 1 Comment

Crack is whack, Gary; Footing the CityCenter bill

Posted on February 13, 2012 by David McKee

It will be some time before we know what drugs were in Whitney Houston‘s system when she perished last weekend. More to our S&G purpose is the question of what pharmacological experiments Caesars Entertainment executives were conducting  when they entered … Continue reading →

Posted in CityCenter, Current, Entertainment, Harrah's, MGM Mirage, The Strip, Wall Street | Comments Off on Crack is whack, Gary; Footing the CityCenter bill

Lee, Nazarian go to market; IGT goes Disney

Posted on February 10, 2012 by David McKee

An S&G source says Creative Casinos CEO Dan Lee has arranged mezzanine financing and may soon go to the bond market to raise capital, presumably for Mojito Pointe for potentially for ventures elsewhere. The Lake Charles market draws heavy play … Continue reading →

Posted in California, Cosmopolitan, Current, Dan Lee, Entertainment, Goldman Sachs, IGT, International, Louisiana, Marketing, MGM Mirage, Pinnacle Entertainment, Sahara, The Strip, Tourism, Wall Street | 2 Comments

Quote of the Day

Posted on February 10, 2012 by David McKee

“On my watch, we fought hard and prevented Massachusetts from becoming the Las Vegas of gay marriage.” — Mitt Romney, speaking earlier today. Unfortunately, Nevada voters have twice prevented Las Vegas from becoming “the Las Vegas of gay marriage.” Our … Continue reading →

Posted in Current, Economy, Election, Massachusetts, The Strip, Tourism | 1 Comment

Vegas’ December: Better than it looks?

Posted on February 9, 2012 by David McKee

If today’s numbers from the Nevada Gaming Control Board indicate that December was good for business — especially on the Las Vegas Strip (up 4% … 7% if you take baccarat out of the equation) — January ought to have … Continue reading →

Posted in Boulder Strip, Boyd Gaming, Current, Downtown, Economy, Lake Tahoe, Laughlin, Massachusetts, North Las Vegas, Reno, Rhode Island, Sheldon Adelson, Steve Wynn, The Strip, Tourism, Tropicana Entertainment, Wall Street | Comments Off on Vegas’ December: Better than it looks?

Singapore surges to all-time highs

Posted on February 7, 2012 by David McKee

Thanks to Marina Bay Sands (left) and Resorts World Sentosa, the city-state of Singapore posted record levels of tourism (13 million souls, a 13% increase) last year. While overall tourism-related revenues leapt 17%, entertainment spending — which of course includes … Continue reading →

Posted in Current, Economy, Genting, International, Regulation, Sheldon Adelson, Singapore, Tourism | Comments Off on Singapore surges to all-time highs

Bluhm, Boyd win in Illinois, everyone else loses

Posted on February 7, 2012 by David McKee

Well, not quite but the headline pretty much gives you January’s narrative in a nutshell. After backing out the contribution made by Neil Bluhm‘s new, category-killing Rivers Casino in Des Plaines, gambling revenue from the Land of Lincoln was a … Continue reading →

Posted in Atlantic City, Boyd Gaming, Carl Icahn, Columbia Sussex, Culinary Union, Current, Harrah's, Illinois, International, Internet gambling, MGM Mirage, Neil Bluhm, Penn National, Politics, Racinos, Regulation, Slot routes, Tilman Fertitta, Tropicana Entertainment, Wall Street | 1 Comment

Caesars IPO: It’s baaaaaack! Adelson: I’ll take Taiwan

Posted on February 3, 2012 by David McKee

In a pathetically underwhelming announcement, Caesars Entertainment is planning to float an IPO of 1.8 million shares, priced to move at a modest $8-$10 per share. Which means, best-case scenario, that CEO Gary Loveman will raise $18 million, tops, from … Continue reading →

Posted in Boyd Gaming, Current, G2E, Harrah's, International, Macau, Maryland, Massachusetts, Ohio, Penn National, Regulation, Sheldon Adelson, The Strip, Wall Street | 3 Comments

Epic failure in Florida; Epic blowhard in Vegas

Posted on February 3, 2012 by David McKee

Neither the very conspicuous efforts of Genting Berhad and Las Vegas Sands nor the quieter ones of Wynn Resorts and Caesars Entertainment were sufficient to overcome entrenched conservatism in the Florida Legislature. State Rep. Erik Fresen (R) waved the surrender … Continue reading →

Posted in Current, Donald Trump, Economy, Election, Genting, Harrah's, Internet gambling, Isle of Capri, Politics, Racinos, Regulation, Sheldon Adelson, Steve Wynn, The Strip, Tribal | 1 Comment

Donald Trump, drama queen

Posted on February 1, 2012 by David McKee

His Trumpness will manifest himself to the assembled media tomorrow, shortly past noon, at Trump International, just off the Las Vegas Strip. Oooohhh, the excitement! The failed casino operator will make “a major announcement” that’s too major to be announced … Continue reading →

Posted in Current, Donald Trump, Economy, Sheldon Adelson, The Strip | 2 Comments

Quote of the Day

Posted on February 1, 2012 by David McKee

“The chief danger heralded by the Adelson-Gingrich relationship aren’t the particulars of [Sheldon] Adelson’s politics. It is the prospect of an individual being willing, able, and legally permitted to fund an entire campaign and essentially to purchase an elected office.” … Continue reading →

Posted in Current, Election, Regulation, Sheldon Adelson | Comments Off on Quote of the Day

Case Bets: Okada in Manila; Big shots fall hard

Posted on February 1, 2012 by David McKee

Rushing in where angels fear to tread, Kazuo Okada (right) has broken ground on his $2 billion, two-casino megaresort in the Philippines. You may remember the project as a bitter point of contention between Okada and erstwhile BFF Steve Wynn, … Continue reading →

Posted in Cretins, Current, Encore, Hard Rock Hotel, International, Morgans Hotel Group, Pennsylvania, Regulation, Reno, Sheldon Adelson, Sports, Station Casinos, Steve Wynn | Comments Off on Case Bets: Okada in Manila; Big shots fall hard

Adelson denies having influence

Posted on January 31, 2012 by David McKee

Contrary to what the Washington Post reported and what Clark County GOP Chairman Dave Gibbs told The Associated Press, the man runs Las Vegas Sands says he had little or nothing to do with the rescheduling of Saturday’s Nevada Republican … Continue reading →

Posted in Current, Election, Florida, Genting, Massachusetts, Sheldon Adelson | 1 Comment

Dear Floridians …; Mission unfinished; Blue skies

Posted on January 30, 2012 by David McKee

Sarah Palin says, “vote for Newt, annoy a liberal, vote Newt.” I say, “Vote Newt, please, because the concurrent stream of Sheldon Adelson stories is a blogger’s dream come true. Keep that gravy train going!” (Besides, it’s had the side … Continue reading →

Posted in Ameristar, Atlantic City, Current, Election, Environment, Florida, Harrah's, International, Louisiana, Marketing, Massachusetts, Mississippi, New York, Ohio, Penn National, Politics, Problem gambling, Sheldon Adelson, South Carolina, Steve Wynn, TV | 3 Comments

Quote of the Day

Posted on January 30, 2012 by David McKee

“[I will] prove over the next several months that people power can beat money power” … said the man who just took $10 million from Sheldon Adelson. (Perhaps that’s where he got the kosher-food talking point.)

Posted in Current, Election, Sheldon Adelson | 1 Comment

The clueless Adelson; A happy birthday; Big Brother Penn

Posted on January 27, 2012 by David McKee

Yes, it’s yet another exciting episode of The New(t) Adventures of Sheldon Adelson. When, in typically unsubtle (read: crass) fashion, the casino potentate began pouring kegs full of money into the current presidential race, it was bound to set off … Continue reading →

Posted in Columbia Sussex, Current, Election, Environment, Harrah's, M Resort, Macau, Missouri, Ohio, Penn National, Sheldon Adelson, Steve Wynn | 3 Comments

Quote of the Day

Posted on January 27, 2012 by David McKee

“We are sending you this email because you are over 50 and are retiring soon or already enjoying your retirement …” — message received from Nevada Benefits. “Over” 50? “Retiring soon”? “Enjoying [my] retirement”? The hell I am!

Posted in Current | 1 Comment