Category Archives: Galaxy Entertainment

Japan “better than feared.” Mixed bag in Louisiana

Posted on April 17, 2018 by David McKee

How do evolving casino casino regulations in Japan look? Well, how does ‘not as bad as expected’ sound? Trust me, that’s good news. And don’t take my word: Take that of Morgan Stanley. Taxes will be set at 30%, which … Continue reading →

Posted in Boyd Gaming, Churchill Downs, Dan Gilbert, Detroit, Eldorado Resorts, Florida, Galaxy Entertainment, GLPI, Harrah's, Isle of Capri, Japan, Louisiana, Marijuana, Massachusetts, MGM Mirage, Nevada, Penn National, Philippines, Pinnacle Entertainment, Politics, Sheldon Adelson, Taxes, Tilman Fertitta, Tropicana Entertainment, Wall Street | Comments Off

Study zings MGM; Galaxy resort vetoed

Posted on April 11, 2018 by David McKee

Allowing a fourth casino into Connecticut — and thereby abrogating its gaming compacts — could be extremely costly for the Nutmeg State. That’s the conclusion of a new study by casino pundit Clyde Barrow. He writes that the new casino … Continue reading →

Posted in Affinity Gaming, Ameristar, Boyd Gaming, Centaur Gaming, Economy, Environment, Foxwoods, Full House Resorts, Galaxy Entertainment, Harrah's, Majestic Star, Maryland, Massachusetts, MGM Mirage, Mohegan Sun, New York, Penn National, Philippines, Pinnacle Entertainment, Politics, Taxes, Tribal, Tropicana Entertainment | Comments Off

Wynn out, MGM in: Is history repeating itself?

Posted on April 9, 2018 by David McKee

Remember when Kirk Kerkorian made Steve Wynn an offer he couldn’t refuse for Mirage Resorts? It looks like history is going to repeat itself with “back-channel approaches” being made by MGM Resorts International to embattled Wynn Resorts. “Wynn Resorts is … Continue reading →

Posted in Archon Corp., Donald Trump, Elaine Wynn, Galaxy Entertainment, Genting, Hard Rock International, Harrah's, Japan, Laughlin, Macau, Massachusetts, MGM Mirage, Nevada, Ohio, Pennsylvania, Politics, Regulation, Sexual misconduct, Steve Wynn, The Strip, Wall Street, Wynn Resorts | Comments Off

Quo vadis, Steve?; Dan Gilbert’s new twist

Posted on March 27, 2018 by David McKee

Gaming Industry Daily Report Editor Alan Woinski has some interesting speculations about Steve Wynn‘s future and his big stock cash-out. “He will need the money considering he never received a golden parachute when he stepped down. He could have a lot … Continue reading →

Posted in Dan Gilbert, Derek Stevens, Detroit, Galaxy Entertainment, Japan, Macau, Mandalay Bay Massacre, Massachusetts, Ohio, Philippines, Politics, Regulation, Resort fees, Security, Steve Wynn, Technology, The Strip, Wall Street, Westgate LV, Wynn Resorts | 1 Comment

Feds scrutinize Pinnacle sale; Diamond Jacks gets prominent supporter

Posted on March 26, 2018 by David McKee

As the big continue to get bigger, Penn National Gaming is two steps closer to becoming a 20-state, 41-casino mammoth. West Virginia and Pennsylvania‘s regulatory bodies have signed off on its absorption of Pinnacle Entertainment. Penn, however, is not counting … Continue reading →

Posted in Boyd Gaming, Derek Stevens, Galaxy Entertainment, GLPI, James Packer, Louisiana, Mississippi, Penn National, Pennsylvania, Pinnacle Entertainment, Politics, Regulation, Tilman Fertitta, Wall Street, West Virginia, Wynn Resorts | 1 Comment

Steve Wynn has left the building; Packer out, too

Posted on March 23, 2018 by David McKee

Wynn Resorts now has 100% less Steve Wynn now that the mogul has sold his entire stake in the company. At first blush this looks like a passive-aggressive lashing out at a firm that is now moving forward. However, Wynn … Continue reading →

Posted in Australia, Boyd Gaming, Crown Resorts, Eldorado Resorts, Entertainment, Galaxy Entertainment, James Packer, Kazuo Okada, Massachusetts, Regulation, Reno, Sexual misconduct, Station Casinos, Steve Wynn, Technology, The Strip, Wall Street, Wynn Resorts | 1 Comment

Strip weak, locals strong, Reno supercharged; Stanley Ho’s empire crumbles

Posted on February 28, 2018 by David McKee

January got the Las Vegas Strip off to a less-than auspicious start, with revenues dropping 9% from 2017. Locals casinos, meanwhile, were living it up, as revenue rose 8%, thanks in part to New Year’s Eve weekend slot drop being … Continue reading →

Posted in Arkansas, Boulder Strip, Colony Capital, Columbia Sussex, Downtown, Economy, Election, Foxwoods, Galaxy Entertainment, Harrah's, Lake Tahoe, Laughlin, Lucky Dragon, Macau, Melco Resorts & Entertainment, Mesquite, MGM Mirage, Nevada, North Las Vegas, Pennsylvania, Politics, Racinos, Sheldon Adelson, Sociedade de Jogos de Macau, Steve Wynn, The Strip, Wall Street, Wynn Resorts | 2 Comments

Steve Wynn makes his case; Gambling stalemate in Florida

Posted on February 5, 2018 by David McKee

It’s no longer enough for employees of Wynn Resorts to reflect well upon the company. No, now Steve Wynn wants their gratitude. His confidential pep rallies have had all the watertight integrity of a colander. By reminding workers that the … Continue reading →

Posted in California, Detroit, DFS, Dining, Donald Trump, Election, Entertainment, Florida, Galaxy Entertainment, Genting, Harrah's, Internet gambling, Macau, Massachusetts, Melco Resorts & Entertainment, MGM Mirage, Movies, Politics, Regulation, Seminole Tribe, Sexual misconduct, Sheldon Adelson, Steve Wynn, Taxes, The Strip, Wall Street | 1 Comment

Macao is back; Steelman predicts the future

Posted on February 1, 2018 by David McKee

Gross gaming revenues in Macao blew away Wall Street analysts’ estimates of 19% growth, posting a 36.5% gain. Deutsche Bank analyst Carlo Santarelli still advised caution for the near future, writing, “While [Chinese New Year] generates a lot of hype, the … Continue reading →

Posted in Architecture, Atlantic City, Galaxy Entertainment, Genting, Hard Rock International, Internet gambling, Macau, Massachusetts, Revel, Steve Wynn, The Strip, Tilman Fertitta, Wall Street | Comments Off

Wynn: The fallout

Posted on January 29, 2018 by David McKee

It’s still early in the apparent downfall of Steve Wynn but already there’s heated pressure being put on both Democrats and Republicans to disown his largesse. Rep. Karen Handel (R) was out in front, giving $2,700 Wynnbucks to “a charity in … Continue reading →

Posted in Architecture, Donald Trump, Galaxy Entertainment, Japan, Macau, Massachusetts, Nevada, Politics, Regulation, Sheldon Adelson, Steve Wynn, Wall Street | Comments Off

Adelson: Big is more; MGM misses important deadline

Posted on January 26, 2018 by David McKee

Wall Street analysts expected Las Vegas Sands to post cash flow of $718 million last quarter but it blew through the ‘stop’ sign and checked in with $731 million. Even though recovering from three cracked ribs, CEO Sheldon Adelson had … Continue reading →

Posted in Ameristar, Architecture, Cordish Co., Galaxy Entertainment, GLPI, Greenwood Racing, Illinois, Internet gambling, Law enforcement, Macau, Massachusetts, MGM Mirage, Missouri, Penn National, Pennsylvania, Politics, Problem gambling, Regulation, Sheldon Adelson, Steve Wynn, Taxes, Tropicana Entertainment | 1 Comment

E-sports comes to Macao; Donald Trump, thief

Posted on December 13, 2017 by David McKee

Staying with the curve, Macao is going after the e-sports phenomenon. Sociedade de Jogos de Macau held the protectorate’s first e-sports tournament, at Grand Lisboa. Nine international teams competed for a $300K pot. “E-Sports is an emerging industry with huge growth … Continue reading →

Posted in Boulder Strip, Donald Trump, e-sports, Galaxy Entertainment, Macau, Marijuana, Melco Resorts & Entertainment, Philippines, Security, Sociedade de Jogos de Macau, Steve Wynn, Westgate LV | Comments Off

Enter the Aces; Dan Gilbert, failure

Posted on December 12, 2017 by David McKee

With a breathtaking lack of imagination, MGM Resorts International has settled upon a new name for its almost-as-equally-new WNBA franchise. It will be called — wait for it, folks — the Las Vegas Aces. At least it wasn’t “Las Vegas … Continue reading →

Posted in Current, Dan Gilbert, Foxwoods, Galaxy Entertainment, Harrah's, Macau, Melco Resorts & Entertainment, MGM Mirage, Mohegan Sun, Ohio, Sheldon Adelson, Sociedade de Jogos de Macau, Sports, Stanley Ho, Steve Wynn, Texas, The Strip, Tourism, Transportation | 1 Comment

MGM rebounds; Harvey victims have mystery casino benefactor

Posted on November 10, 2017 by David McKee

Commercials practically begging people to patronize the Las Vegas Strip after the Mandalay Bay massacre turn out to have been needless. The company most affected, MGM Resorts International, reports that hotel bookings are “almost back to normal.” “I’m happy to … Continue reading →

Posted in Baseball, Charity, Cordish Co., Cosmopolitan, Galaxy Entertainment, Greenwood Racing, Harrah's, Macau, Mandalay Bay Massacre, MGM Mirage, Neil Bluhm, Penn National, Pennsylvania, Politics, Steve Wynn, Texas, The Strip, Wall Street | Comments Off

Adverse Golden Week in Macao; Ho, Caesars jockey for position in Japan

Posted on October 11, 2017 by David McKee

Golden Week is an important holiday for Macao casinos and it failed to deliver this year. Visitor traffic was down 1%, causing stocks of both Sands China and Galaxy Entertainment Group to be punished on Hong Kong‘s Hang Seng Index. … Continue reading →

Posted in Election, Galaxy Entertainment, Harrah's, Japan, Lawrence Ho, Macau, Marketing, Sheldon Adelson, Stanley Ho, Steve Wynn, Tourism, Wall Street | Comments Off

Trump to bigfoot Connecticut controversy?

Posted on September 26, 2017 by David McKee

Could we see heavy-footed federal intervention in the MGM Resorts International vs. Connecticut tribes slugfest? Bridgeport Mayor Joe Ganim (D) hopes so. A supporter of Donald Trump‘s presidential campaign, he’s hoping the White House will stomp into the Nutmeg State fray, interceding … Continue reading →

Posted in DFS, Donald Trump, Economy, Election, Foxwoods, Galaxy Entertainment, Genting, Geoff Freeman, International, Macau, MGM Mirage, Mohegan Sun, Regulation, Singapore, Sports, The Strip | Comments Off

Adelson cools on Japan; Revel mystery deepens

Posted on September 18, 2017 by David McKee

Details of Japan‘s casino-implementation bill are starting to trickle out: a blend of tax rates for mass-market play (22%) and VIP action (12%), a minimum gambling age of 20 and casino square floors no bigger than 15,000 square feet. Limitations like … Continue reading →

Posted in Atlantic City, Dining, Election, Entertainment, Galaxy Entertainment, Glenn Straub, Hard Rock International, Harrah's, Japan, Marijuana, MGM Mirage, Politics, Regulation, Revel, Sheldon Adelson, Steve Wynn, Taxes, Wall Street | 3 Comments

Galaxy dominates Macao; Costner’s casino flops

Posted on September 1, 2017 by David McKee

For a company that entered Macao with zero casino experience, Galaxy Entertainment is taking the veterans to school. In 2Q17, its cash flow grew 45%, to $420 million, a figure not seen since 2012. Galaxy is also leading the pack in terms … Continue reading →

Posted in Economy, Galaxy Entertainment, Iowa, Macau, Melco Resorts & Entertainment, MGM Mirage, Movies, Paragon Gaming, Sahara, Sam Nazarian, Sheldon Adelson, SLS Las Vegas, Sociedade de Jogos de Macau, South Dakota, Steve Wynn, Wall Street | Comments Off

SCOTUS sports betting throwdown spurs excitement; Trump’s Mafia ties resurface

Posted on August 22, 2017 by David McKee

Legal wonks are getting all worked up about the Supreme Court‘s upcoming hearing of Christie v. NCAA, with one saying it had the “markings of a sleeper blockbuster.” Wrote Virginia Solicitor General Elbert Lin and deputy Thomas M. Johnson Jr., “The parties … Continue reading →

Posted in Atlantic City, Australia, Donald Trump, Galaxy Entertainment, Harrah's, International, Japan, Kazuo Okada, Melco Resorts & Entertainment, Philippines, Regulation, Sports, The Mob, The Strip, Wall Street | Comments Off

Land of the Sinking Hopes?; MGM hearts McCain

Posted on August 1, 2017 by David McKee

If Japanese casinos must be majority-owned by local companies, that suits Sega Sammy Holdings just fine. The company is challenging the likes of Galaxy Entertainment, Las Vegas Sands and MGM Resorts International for one of the initial casino licenses. Of … Continue reading →

Posted in Cordish Co., Foxwoods, G2E, Galaxy Entertainment, Geoff Freeman, Hard Rock International, Harrah's, Horseracing, International, Japan, MGM Mirage, Mohegan Sun, Politics, Problem gambling, Sheldon Adelson, Singapore, Tribal | Comments Off