Category Archives: Galaxy Entertainment

Wynn bids for Crown Resorts; MGM garners lofty accolades

Posted on April 9, 2019 by David McKee

In the latest episode from this winter’s senseless round of buy-or-be-bought transactions, Wynn Resorts has tendered an offer to Crown Resorts. Presumably the fun has gone out of tying James Packer‘s shoelaces together. The transaction, while would transform Wynn into … Continue reading →

Posted in Atlantic City, Australia, Carl Icahn, Dan Gilbert, Environment, Galaxy Entertainment, Hard Rock International, history, Japan, Las Vegas Sands, Macau, Massachusetts, Melco Resorts & Entertainment, MGM Resorts International, Ohio, Sexual misconduct, Steve Wynn, Unite-Here, Wall Street, Wynn Resorts | 1 Comment

PGA gives itself a mulligan; MGM sharpens the axe

Posted on March 1, 2019 by David McKee

Despite having cried out for federal regulation of sports betting, the PGA Tour is willing to look the other way if its players opt to be sponsored by the gaming industry. “Because of the Supreme Court’s decision last year, and because … Continue reading →

Posted in Charity, Culinary Union, Galaxy Entertainment, International, Japan, Las Vegas Sands, Law enforcement, Macau, Melco Resorts & Entertainment, MGM Resorts International, Sports, Sports betting, The Strip, Virginia, Wall Street, Wynn Resorts | Comments Off

Clouds over Macao; What Sheldon wants, Sheldon gets

Posted on February 15, 2019 by David McKee

Cameron McKnight of Credit Suisse is projecting gambling-revenue flatness in Macao (despite higher tax returns) through 2019 and into 2020, despite a record amount of available credit in China. “Stronger credit data may partially assuage China macro concerns, as it … Continue reading →

Posted in Donald Trump, Downtown, Economy, Galaxy Entertainment, International, Japan, Las Vegas Sands, MGM Resorts International, Movies, New Jersey, Regulation, Sheldon Adelson, Sports, The Strip, Tilman Fertitta, Transportation, Wall Street, Wynn Resorts | 1 Comment

Moderate-sized trouble in Little China

Posted on December 12, 2018 by David McKee

There’s trouble ahead for Macao but the casino industry has plenty of time to brace for impact. Credit in China is down 6% year over year. As Credit Suisse analyst Cameron McKnight reports, “Weak credit data is likely to exacerbate … Continue reading →

Posted in Dining, Economy, Galaxy Entertainment, Las Vegas Sands, Macau, Melco Resorts & Entertainment, MGM Resorts International, Sociedade de Jogos de Macau, Tourism, Transportation | Comments Off

SJM: Aren’t we special?

Posted on December 11, 2018 by David McKee

Sociedade de Jogos de Macau must think it’s pretty special. While its straggling Grand Lisboa Palace will stock some table games via the ‘cap-and-trade’ formula used by other operators, it has loftily informed the press that it expects the Macao … Continue reading →

Posted in Economy, Galaxy Entertainment, Las Vegas Sands, Macau, Melco Resorts & Entertainment, MGM Resorts International, Movies, Regulation, Sheldon Adelson, Singapore, Sociedade de Jogos de Macau, Tourism, Wynn Resorts | Comments Off

Sin City still sinful; Pot comes to the Strip

Posted on November 26, 2018 by David McKee

Las Vegas beat out Los Angeles by a comfortable margin to nab the top spot on WalletHub‘s survey of America‘s most-sinful cities, a category dominated by such activities as pathological gambling and smoking. Casino-enhanced cities dominated the list, with North … Continue reading →

Posted in Arizona, CityCenter, Cordish Co., Detroit, DFS, Dubai, Election, Florida, Galaxy Entertainment, Georgia, Greenwood Racing, Japan, Macau, Marijuana, MGM Resorts International, Missouri, North Las Vegas, Pansy Ho, Pennsylvania, Regulation, Slot routes, Société des Bains de Mer, Sports betting, Taxes, The Strip | Comments Off

Stasis in Missouri; Steve Wynn’s got a secret

Posted on November 13, 2018 by David McKee

Missouri casinos grossed $138 million last month, essentially flat with 2017. The big winner was Eldorado Resorts, up 19% at Lumiere Place (shown, $13 million) but 9% lower at Isle of Capri Kansas City ($5 million). Boyd Gaming had an inauspicious … Continue reading →

Posted in Affinity Gaming, Ameristar, Boyd Gaming, Economy, Eldorado Resorts, Galaxy Entertainment, International, Iowa, Isle of Capri, Las Vegas Sands, Macau, Massachusetts, Melco Crown Entertainment, MGM Resorts International, Missouri, Penn National, Regulation, Sociedade de Jogos de Macau, Steve Wynn, Wynn Resorts | 1 Comment

New era in Macao; Joy and misery in Louisiana

Posted on October 23, 2018 by David McKee

Beginning tomorrow, travel to Macao becomes much easier, as the Zhuhai bridge connecting Hong Kong and Macao officially opens. The ribbon is cut at 9 a.m. and several bus services are at the ready to make the half-hour run, compared … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, Churchill Downs, Dan Gilbert, Eldorado Resorts, Galaxy Entertainment, GLPI, Isle of Capri, Las Vegas Sands, Louisiana, Macau, Marketing, Maryland, MGM Resorts International, Pinnacle Entertainment, Sociedade de Jogos de Macau, Sports, Tilman Fertitta, Tourism, Transportation | Comments Off

Arkansas to vote on casinos; Baldwin leaves MGM

Posted on October 16, 2018 by David McKee

Driving Arkansas Forward, the ballot initiative to legalize casinos in Arkansas, will continue to proceed now that the Arkansas Supreme Court has slam-dunked two challenges to the referendum. Religious group Ensuring Arkansas Future claimed that the ballot language was too ambiguous … Continue reading →

Posted in Arkansas, CityCenter, Culinary Union, Election, Entertainment, Galaxy Entertainment, Macau, Massachusetts, MGM Resorts International, Neil Bluhm, Politics, Regulation, Rush Street Gaming, Sports, Tribal, Vdara Death Ray, Wynn Resorts | Comments Off

Illinois stumbles; Kimmel returns to Vegas roots

Posted on October 5, 2018 by David McKee

It would take more than an extra weekend day to account for a 7% slippage in Illinois gaming revenues, which were positive year/year in 2017. Nobody had a revenue-positive month, not even Rivers Casino, down 5% despite a state-leading $34 … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, Delaware, Economy, Eldorado Resorts, Entertainment, Galaxy Entertainment, GLPI, Greenwood Racing, International, Internet gambling, Macau, Melco Resorts & Entertainment, Movies, Penn National, Pennsylvania, Rush Street Gaming, Sheldon Adelson, The Strip, Tourism, Tribal, TV, Wall Street, Wynn Resorts | Comments Off

Japan fever; A Rose by any other computer program

Posted on August 22, 2018 by David McKee

“I want to properly nurture the tourism industry in Osaka as one of its pillars,” says Gov. Ichiro Matsui of the prefecture. To that end, Yumeshima island has been set aside for a prospective casino resort. And Las Vegas and Macao … Continue reading →

Posted in Caesars Entertainment, Cosmopolitan, Entertainment, Galaxy Entertainment, Genting, Japan, Las Vegas Sands, Melco Resorts & Entertainment, MGM Resorts International, Regulation, Technology, The Strip | Comments Off

Wild card; Parx gets one-finger salute

Posted on August 13, 2018 by David McKee

Move over sports books, here comes … Buffalo Wild Wings?!? Yes, the restaurant business known for its trivia games and spicy food wants to get into the sports-betting business. “As the largest sports bar in America, we believe Buffalo Wild Wings … Continue reading →

Posted in Atlantic City, Bruce Deifik, DFS, Dining, Economy, Galaxy Entertainment, Greenwood Racing, Hard Rock International, International, Japan, Macau, MGM Mirage, Nevada, Pennsylvania, Société des Bains de Mer, South Korea, Sports betting, Technology, Tourism, West Virginia | Comments Off

Casino revenues surge (almost) everywhere

Posted on August 8, 2018 by David McKee

Maryland casino business continues to boom, up 5.5% last month. MGM National Harbor led the pack with $58 million. It will, however, be a source of dismay to ownership that play continues to trend toward highly taxed (60%) slots and … Continue reading →

Posted in Caesars Entertainment, Churchill Downs, Cordish Co., Dan Gilbert, Eldorado Resorts, Galaxy Entertainment, Golden Gaming, Las Vegas Sands, Lawrence Ho, Macau, Maryland, Melco Resorts & Entertainment, MGM Resorts International, Ohio, Penn National, Pinnacle Entertainment, Racinos, Sheldon Adelson, Sociedade de Jogos de Macau, Taxes, West Virginia, Wynn Resorts | Comments Off

Sheldon snuggles up to Commies; Elaine tests her clout

Posted on July 10, 2018 by David McKee

If toupée-collecting Sheldon Adelson were offered the chance to build Venetian Tehran he’d immediately become a peacenik regarding Iran, a country he lusts to nuke. Instead of making nice with mullahs, he’s doing the next best thing, warbling sweet nothings to Kim … Continue reading →

Posted in Caesars Entertainment, Elaine Wynn, Galaxy Entertainment, history, Illinois, International, Las Vegas Sands, Macau, Massachusetts, MGM Mirage, Nevada, Planet Hollywood, Politics, Regulation, Sexual misconduct, Sheldon Adelson, South Korea, Sports, Steve Wynn, The Strip, Unite-Here, Wynn Resorts | Comments Off

Atlantic City, the morning after; On the dole in Delaware

Posted on July 5, 2018 by David McKee

Even as it celebrates its debut in Atlantic City, Hard Rock International is pining for the New York City area, especially since it has an exclusive contract to operate a casino at Meadowlands. In a display of rather poor taste, Hard … Continue reading →

Posted in Ameristar, Atlantic City, Bruce Deifik, Delaware, Galaxy Entertainment, Hard Rock International, Indiana, Macau, New York, Penn National, Pinnacle Entertainment, Racinos, Sports, Taxes, Wall Street | 1 Comment

Shutout in Japan?

Posted on June 12, 2018 by David McKee

With pachinko already representing a $30 billion industry, casino operators are right to think Japan is ripe for their product. But Forbes‘ Muhammad Cohen thinks Macao casino owners (well, technically you can’t “own” a casino in Macao, but we digress … Continue reading →

Posted in Galaxy Entertainment, Louisiana, Macau, Melco Resorts & Entertainment, Philippines, Politics, South Korea | Comments Off

Macao disappoints Wall Street; Tribal troubles

Posted on June 1, 2018 by David McKee

Wall Street was expecting 18.5% gaming-revenue growth out of Macao last month. It got ‘only’ 12%, the Street not having taken an abbreviated Golden Week into account. Furthermore, the enclave had a hard act to follow, its revenue having vaulted … Continue reading →

Posted in California, Dining, Economy, Foxwoods, Galaxy Entertainment, Genting, Iowa, Japan, Macau, MGM Mirage, Mohegan Sun, Nebraska, New York, Penn National, Pennsylvania, Politics, Regulation, Sheldon Adelson, Tourism, Tribal, Wall Street | 3 Comments

Vici Properties strikes again; Mohegan Sun pitches Japan

Posted on May 15, 2018 by David McKee

They came, they saw, they bought. Yes, Vici Properties has struck again, inking a bargain-price deal to acquire the Octavius Tower of Caesars Palace and Harrah’s Philadelphia. On paper, Vici is paying $507.5 million and $241.5, respectively, for the two assets. … Continue reading →

Posted in Election, Florida, Galaxy Entertainment, Hard Rock International, Harrah's, Japan, Louisiana, Macau, Massachusetts, MGM Mirage, Mohegan Sun, Oklahoma, Penn National, Pennsylvania, Problem gambling, Seminole Tribe, Sexual misconduct, Société des Bains de Mer, South Korea, Steve Wynn, Taxes, The Strip, Tribal | Comments Off

Las Vegas numbers perplex; Macao shatters expectations

Posted on May 4, 2018 by David McKee

While Las Vegas, as mentioned earlier, is slogging through a 10-month visitation slump, you wouldn’t know it from March’s gaming-revenue numbers, which were 9% higher on the Las Vegas Strip ($574 million), although locals casinos took a 5% hit. Deutsche … Continue reading →

Posted in Atlantic City, Boulder Strip, Boyd Gaming, California, Colorado, Delaware, Downtown, Economy, Eldorado Resorts, Entertainment, Florida, Galaxy Entertainment, Harrah's, Illinois, Lake Tahoe, Laughlin, Macau, Melco Resorts & Entertainment, Mesquite, MGM Mirage, Mississippi, Nevada, New York, North Las Vegas, Ohio, Penn National, Reno, Rhode Island, Sheldon Adelson, Sociedade de Jogos de Macau, The Strip, Wall Street, West Virginia, Wisconsin, Wynn Resorts | 1 Comment

Wynn: The brand stays

Posted on April 25, 2018 by David McKee

Recently we wrote, in a different forum, that the ultimate verdict on whether to keep the “Wynn” brand on Wynn Resorts would be delivered by customers. Based on 1Q18 results, the vote is “yes.” Deutsche Bank analyst Carlo Santarelli called … Continue reading →

Posted in Galaxy Entertainment, GLPI, Japan, Macau, Massachusetts, Penn National, Steve Wynn, The Strip, Wall Street | Comments Off