Category Archives: Donald Trump

Las Vegas slides toward crisis as market tanks

Posted on March 12, 2020 by David McKee

Coronavirus having been officially been declared a pandemic by the World Health Organization, it was only a matter of time before the impact hit Las Vegas. Not much time, either. Late yesterday, the National Association of Broadcasters pulled the plug … Continue reading →

Posted in AGA, Boyd Gaming, Caesars Entertainment, California, Conventions, DFS, Donald Trump, Economy, Eldorado Resorts, Health, International, Las Vegas Sands, Melco Resorts & Entertainment, MGM Resorts International, New York, Sheldon Adelson, South Korea, Sports, Sports betting, Station Casinos, Taxes, The Strip, Tourism, Twin River, Wall Street, Wynn Resorts | 3 Comments

Gaming stocks immune to rally; Casinos get serious about coronavirus

Posted on March 11, 2020 by David McKee

Gaming stocks by and large didn’t feel the love on Wall Street yesterday, trending slightly downward, not counting 9% rallies for Station Casinos and Melco Resorts & Entertainment (the latter the only Macao operator to bounce back). The market recouped … Continue reading →

Posted in AGA, Alex Meruelo, Atlantic City, Boyd Gaming, Caesars Entertainment, Cosmopolitan, Current, Detroit, Dining, Donald Trump, Economy, Eldorado Resorts, Florida, Health, Lake Tahoe, Las Vegas Sands, Macau, Maryland, Massachusetts, Maverick Gaming, Melco Resorts & Entertainment, MGM Resorts International, Michigan, Penn National, Phil Ruffin, Reno, Rhode Island, Sahara, South Dakota, Sports betting, Station Casinos, Taxes, The Strip, Tilman Fertitta, Tourism, Transportation, Vermont, Wall Street, Washington State, Wynn Resorts | Comments Off on Gaming stocks immune to rally; Casinos get serious about coronavirus

Quote of the Day

Posted on March 11, 2020 by David McKee

“Be calm. The consumer has never been in a better position than they are now.”—Donald Trump, on coronavirus.

Posted in Donald Trump, Economy, Health | Comments Off on Quote of the Day

Butler rips Lamont; Tribe supplicates Trump

Posted on March 9, 2020 by David McKee

Sports betting could die in Connecticut, thanks to a stalemate between Gov. Ned Lamont (D, pictured) and the state’s gaming tribes. Speaking for the latter, Mashantucket Pequot Chairman Rodney Butler accused the governor of a “take-it-or-leave-it” negotiating stance. Butler and … Continue reading →

Posted in Caesars Entertainment, Churchill Downs, Connecticut, Donald Trump, DraftKings, FanDuel, Foxwoods, Genting, IGT, Illinois, International, Kentucky, Konami, Las Vegas Sands, Law enforcement, Lotteries, Louisiana, Massachusetts, MGM Resorts International, New York, Politics, Rhode Island, Sports betting, Technology, Tribal, Wynn Resorts | 2 Comments

Vegas vs. virus II; Illinois, Maryland rally

Posted on March 6, 2020 by David McKee

Two presumed cases of coronavirus have been reported in Nevada. What’s the over/under on when panic sets in? Me, I’m contemplating a trip back to Las Vegas in the near future, so I’m working on my sangfroid. As one tourist … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, Charity, Churchill Downs, Donald Trump, Eldorado Resorts, GLPI, Health, Illinois, Maryland, Massachusetts, MGM Resorts International, Penn National, The Strip, Tourism, Wall Street, West Virginia, Wynn Resorts | 1 Comment

Vegas vs. virus; Tribe puts $1 billion on table

Posted on March 4, 2020 by David McKee

Las Vegas is 20,000 attendees poorer now that Adobe Summit 2020 has pulled the plug on its convention. Although Sin City has been spared from coronavirus fears so far, withdrawals of this magnitude are at least as bad as a … Continue reading →

Posted in Alabama, China, Churchill Downs, Conventions, Donald Trump, Election, Health, International, Lotteries, Massachusetts, MGM Resorts International, Real Estate, Taxes, The Strip, Tribal | Comments Off on Vegas vs. virus; Tribe puts $1 billion on table

Macao sucks; Massachusetts tribe rebuffed … again

Posted on March 3, 2020 by David McKee

Macao was a ghost town last month, with hotel occupancy an anemic 12%. Gaming analysts, in addition to writing off 1Q20, are predicting a 50% declivity in the second quarter, with recovery not taking hold until October. Casino companies, meanwhile, … Continue reading →

Posted in Architecture, Caesars Entertainment, California, Conventions, Donald Trump, Economy, International, Las Vegas Sands, Law enforcement, Lawrence Ho, Macau, Massachusetts, MGM Resorts International, Money laundering, Palms, Regulation, Station Casinos, The Strip, Tribal, Wall Street, Wynn Resorts | Comments Off on Macao sucks; Massachusetts tribe rebuffed … again

Gaming exempt from Wall Street love; Harry-come-lately

Posted on March 3, 2020 by David McKee

Gaming stocks responded indifferently to yesterday’s Wall Street rally. Wynn Resorts was up and down but ultimately flat, MGM Resorts International ticked up 2%, Las Vegas Sands was flat and Melco Resorts & Entertainment slipped a percentage point. So much … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, China, Churchill Downs, Conventions, Dining, Donald Trump, Economy, Eldorado Resorts, Election, Entertainment, Harry Reid, Health, Japan, Las Vegas Sands, Macau, Massachusetts, Melco Resorts & Entertainment, MGM Resorts International, Oregon, South Korea, Station Casinos, The Strip, Tourism, Tribal, Wall Street, Wynn Resorts | Comments Off on Gaming exempt from Wall Street love; Harry-come-lately

Bank rides to Churchill Downs’ rescue; Las Vegas healthy

Posted on March 2, 2020 by David McKee

Last week Churchill Downs posted perfectly good 4Q19 numbers but Wall Street wasn’t buying it. CHDN shares slumped 14%. That prompted some weekend damage control from JP Morgan, which bumped its rating up from “neutral” to “overweight,” and sent analyst … Continue reading →

Posted in Caesars Entertainment, China, Conventions, Donald Trump, Economy, Eldorado Resorts, Health, history, Horseracing, Illinois, Indiana, International, Kentucky, Marketing, Problem gambling, Regulation, Rhode Island, Slot routes, Sports, Sports betting, The Strip, Tourism, Transportation, Tribal, Wall Street, Washington State, William Hill, Wynn Resorts | Comments Off on Bank rides to Churchill Downs’ rescue; Las Vegas healthy

Massachusetts tries, tries again; Eldorado underperforms

Posted on February 27, 2020 by David McKee

In what can be viewed either as a victory for democracy or simply passing the buck, Massachusetts regulators opened the door to public comments on whether to approve a casino for the southeastern corner of the Bay State. The Massachusetts … Continue reading →

Posted in AGA, Caesars Entertainment, Donald Trump, Economy, Eldorado Resorts, Genting, Health, Las Vegas Sands, Macau, Massachusetts, Maverick Gaming, Neil Bluhm, Pennsylvania, Politics, Regulation, Slot routes, Sports betting, Tourism, Tribal, Vietnam, Washington State | Comments Off on Massachusetts tries, tries again; Eldorado underperforms

Reeg savages Caesars; Catskills rescue plan

Posted on February 24, 2020 by David McKee

Having rashly committed $500 million in reinvestments to the Louisiana market (he’ll have to build whole new casinos to spend that much), Eldorado Resorts CEO Tom Reeg has to make those forfeited savings back somewhere. Potential sales of Caesars Entertainment‘s … Continue reading →

Posted in Alaska, Animals, Caesars Entertainment, Conventions, Donald Trump, Economy, Eldorado Resorts, Election, Entertainment, Foxwoods, Genting, Internet gambling, Japan, Las Vegas Sands, Lotteries, Louisiana, Marketing, Massachusetts, New Jersey, New York, Planet Hollywood, Resorts World LV, Sexual misconduct, Sports betting, The Rio, The Strip | 1 Comment

Saturation hits Connecticut; Culinary waffles on Sanders

Posted on February 21, 2020 by David McKee

So much for Tribal Winds, the satellite casino that was going to counteract MGM Springfield. Its backers are cutting the proposed $300 million investment by one-third. On the plus side, this could be read as a way of saying the … Continue reading →

Posted in China, Colorado, Connecticut, Culinary Union, Donald Trump, DraftKings, Economy, Election, Environment, Foxwoods, Harry Reid, Health, history, Macau, Massachusetts, MGM Resorts International, Mohegan Sun, Pennsylvania, Politics, Sheldon Adelson, Sports, Sports betting, Steve Wynn, Technology | Comments Off on Saturation hits Connecticut; Culinary waffles on Sanders

Quote of the Day

Posted on February 21, 2020 by David McKee

“Countries with a powerful death penalty, with a fair but quick trial, they have very little if any drug problem. That includes China.”—Donald Trump, on the war on drugs.

Posted in China, Donald Trump, Law enforcement | Comments Off on Quote of the Day

Mutiny at MGM?; The art of the presidential deal

Posted on February 17, 2020 by David McKee

Global Gaming Business sources say MGM Resorts International CEO Jim Murren “was forced out by activist investors who had gathered enough support from institutional investors for his ouster.” The reason is not clear, as Murren had been doing everything possible … Continue reading →

Posted in Atlantic City, CityCenter, Donald Trump, Galaxy Entertainment, Genting, Hard Rock International, Health, International, Internet gambling, Japan, Macau, Massachusetts, Melco Resorts & Entertainment, Regulation, Resort fees, Sports betting, Technology, The Strip, TV, Virginia, Wall Street, William Hill, Wynn Resorts | 1 Comment

Culinary’s candidate is ‘none of the above’

Posted on February 14, 2020 by David McKee

In the political non-event of the year, the Culinary Union announced a media extravaganza to reveal their endorsement in the 2020 presidential election. A press conference was duly held for the Culinary to disclose that it was endorsing … nobody. It … Continue reading →

Posted in Culinary Union, Donald Trump, Election, Harry Reid, Politics | Comments Off on Culinary’s candidate is ‘none of the above’

Politicians play casino games

Posted on February 13, 2020 by David McKee

Crusty Maine Gov. Janet Mills (D) eked out a victory on sports betting when a veto-override vote in the Maine House of Representatives fell short of a two-thirds majority. The prudish Mills changed her message from an anti-gambling one to … Continue reading →

Posted in Churchill Downs, Culinary Union, Donald Trump, Election, Galaxy Entertainment, Genting, Health, International, Iowa, Las Vegas Sands, Law enforcement, Macau, Maine, Nebraska, Nevada, New Hampshire, Penn National, Politics, Problem gambling, Singapore, Sports betting | Comments Off on Politicians play casino games

Slick Rick cries foul; Re-enter the (former) Dragon

Posted on February 12, 2020 by David McKee

Everybody’s favorite rogue gaming operator, Rick Heidner, is suing the Illinois Gaming Board for an alleged data breach. Heidner charges that “their personal and sensitive financial information was intentionally and illegally leaked by an IGB employee … resulting in significant financial … Continue reading →

Posted in Culinary Union, Donald Trump, Downtown, Election, Health, Illinois, Lucky Dragon, Nevada, Regulation, Scientific Games, Transportation | Comments Off on Slick Rick cries foul; Re-enter the (former) Dragon

Macao closed for business; Tribal troubles

Posted on February 5, 2020 by David McKee

In what once seemed unthinkable, Macao has been ordered to close all 41 of its casinos (and presumably its myriad slot parlors) to inhibit the spread of coronavirus. The inciting incident appears to have been a case of the virus … Continue reading →

Posted in Charity, China, Donald Trump, Economy, Election, Galaxy Entertainment, Genting, Health, Macau, Massachusetts, Money laundering, Neil Bluhm, North Dakota, Oregon, Politics, Sociedade de Jogos de Macau, Tourism, Transportation, Tribal, Wall Street | 1 Comment

IGT, Twin River cut a deal; Atlantic City casino execs get riled

Posted on February 3, 2020 by David McKee

In what is either a grand compromise or the cynical conclusion to months of backbiting, International Game Technology and Twin River Holdings have patched up their differences, and formed a joint venture to run the Rhode Island state lottery. (The … Continue reading →

Posted in Atlantic City, Caesars Entertainment, China, DFS, Donald Trump, e-sports, Eldorado Resorts, Hard Rock International, IGT, Japan, Kentucky, Las Vegas Sands, Law enforcement, Lotteries, Melco Resorts & Entertainment, MGM Resorts International, Morris Bailey, Rhode Island, Sports betting, Twin River, Wynn Resorts | 3 Comments

Super Bowl betting: Mack is back; Warren’s gambling problem

Posted on January 31, 2020 by David McKee

According to one online-betting site, Super Bowl odds are staying firm, with the Kansas City Chiefs 1.5-point favorites to win. “Last minute odds are some of the best,” it claims. Not when they’re as static as these. Speaking of “the … Continue reading →

Posted in Baseball, Dining, Donald Trump, Election, Environment, Hard Rock Hotel, Health, Marketing, Massachusetts, Sports betting, Texas, Tilman Fertitta, Tribal | 1 Comment