Category Archives: Genting

No bailout for N.Y. casinos; Horseshoe Baltimore gets creative

Posted on April 6, 2018 by David McKee

There’s no question that upstate New York‘s new casinos drank their own bathwater when making their case to the state. Two of them are now squealing like stuck pigs, demanding that the Lege lower their tax rates. Never mind that … Continue reading →

Posted in Alabama, Genting, Harrah's, Horseracing, Internet gambling, Law enforcement, Maryland, Neil Bluhm, New York, Politics, Regulation, Sports, Taxes | 1 Comment

Las Vegas: Whales to the rescue

Posted on March 30, 2018 by David McKee

Las Vegas Strip gaming revenues far overshot projections for last month, finishing 11.5% higher, grossing $603.5 million. This is in large part due to baccarat revenues, a cosmic 82.5% higher on a staggering 59% increase in wagering, “likely reflecting some … Continue reading →

Posted in Boulder Strip, Boyd Gaming, California, Culinary Union, Downtown, Economy, Genting, Lake Las Vegas, Lake Tahoe, Mesquite, New York, North Las Vegas, Reno, Station Casinos, The Strip, Tribal, Wall Street | Comments Off

Slots rule in Maryland, retreat in Pennsylvania

Posted on March 6, 2018 by David McKee

MGM National Harbor continued its domination of Maryland last month, with a 39% market share and $53 million gross. Less reassuring for MGM execs, high-tax slots are starting to pull away from low-tax table games, two categories which used to … Continue reading →

Posted in Churchill Downs, Cordish Co., Economy, Genting, Golden Gaming, Harrah's, Maryland, MGM Mirage, Neil Bluhm, New York, Penn National, Pennsylvania, Racinos, Wall Street, West Virginia | Comments Off

Penn out of Jamul; Fuzzy math on the Strip

Posted on March 2, 2018 by David McKee

Casino companies rarely admit defeat but Penn National Gaming is bagging it where Hollywood Casino Jamul, near San Diego, is concerned. Hollywood Jamul’s debut was disastrous and Penn’s “essentially exiting” its management contract (as Deutsche Bank analyst Carlo Santarelli put … Continue reading →

Posted in California, Economy, Genting, New York, Penn National, Pennsylvania, Sheldon Adelson, The Strip, Tourism, Tribal, Wall Street | Comments Off

Showboat to sail again?; The plague of resort fees

Posted on February 22, 2018 by David McKee

Although Caesars Entertainment may have thought it removed a competitor from the board when it stripped the Showboat of its gaming entitlement, think again. Owner Bart Blatstein has taken the opening steps toward returning the Showboat to the gambling seas. … Continue reading →

Posted in Arizona, Atlantic City, Cordish Co., Environment, Genting, Hard Rock International, Harrah's, International, Maryland, Revel, The Strip | 1 Comment

Cuomo’s experiment a dud

Posted on February 20, 2018 by David McKee

They’re going to be hurting for revenue in Albany. The Empire State’s three newest casinos have passed their first anniversary and are an aggregate $230 million short of their revenue projections. Yes, they’re generating new revenue (30% according to Moody’s … Continue reading →

Posted in Genting, Neil Bluhm, New York, Taxes, Tribal | 1 Comment

Caesars takes the lead; Fortune Cup comes to Vegas

Posted on February 20, 2018 by David McKee

In the wake of yet another senseless mass shooting, Caesars Entertainment is making guest security a priority (not to imply that it wasn’t earlier). From now on, Caesars security personnel will be empowered to enter guest rooms once every 24 hours, … Continue reading →

Posted in Atlantic City, Boulder Strip, Culinary Union, Derek Stevens, Downtown, Genting, Harrah's, Law enforcement, Mandalay Bay Massacre, MGM Mirage, Regulation, Technology, The Strip, Tropicana Entertainment, Wynn Resorts | 2 Comments

Florida is on the clock; Political football in New Jersey

Posted on February 14, 2018 by David McKee

In Florida, the clock is running fast on a court order that the state reach an agreement with the Seminole Tribe or kiss at least $250 million (possibly as much as $400 million in proposed legislation) goodbye forever. Part of … Continue reading →

Posted in Atlantic City, DFS, Florida, Genting, Horseracing, Internet gambling, New York, Politics, Racinos, Seminole Tribe, Taxes | 1 Comment

Wynn reverses himself; New name, plans for F-blew

Posted on February 12, 2018 by David McKee

Wynn Resorts took a step closer to being taken over or sold off in pieces last weekend. Ex-CEO Steve Wynn submitted a letter saying that the now-famous 2010 stockholders’ agreement which binds Elaine Wynn’s shares with his was “invalid and unenforceable … Continue reading →

Posted in Fontainebleau, Genting, LVCVA, Riviera, Steve Wynn, Steven Witkoff, The Strip, Wall Street, Wynn Resorts | 2 Comments

Wynn: What’s in a brand?

Posted on February 9, 2018 by David McKee

More than the trouble (and cost) it takes to replace it, experts conclude. Another reason for keeping the founder’s name on Wynn Resorts is one that he would not find flattering: “I think the impact on Wynn Resorts will be short-lived, … Continue reading →

Posted in Atlantic City, Charity, Cretins, Donald Trump, Genting, Japan, Marketing, Massachusetts, Politics, Regulation, Sexual misconduct, Steve Wynn, The Strip, Wall Street, Wynn Resorts | Comments Off

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

Wynn in a corner; Delaware may cut racinos some slack

Posted on February 2, 2018 by David McKee

Things have gotten so bad for Steve Wynn that he’s been reduced to asking his employees to support him in Sexgate. “In a family, people look after each other … They take care of the people they serve” he said, a … Continue reading →

Posted in Ameristar, Delaware, Dining, Genting, Indiana, Massachusetts, New York, Pennsylvania, Pinnacle Entertainment, Racinos, Regulation, Sexual misconduct, Steve Wynn, Taxes, The Strip | 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

MGM Cotai gets rave review; Cracking the Millennial code

Posted on January 29, 2018 by David McKee

MGM Grand Cotai continues to miss opening deadlines, the latest obstacle being the government’s continued failure to issue a hotel license. “The licence application for the opening of the five-star hotel MGM Cotai and establishments inside the property is still … Continue reading →

Posted in Architecture, CityCenter, Genting, Golden Gaming, Harrah's, Macau, Marketing, MGM Mirage, New York, Regulation, Technology, TV | Comments Off

New York-New York boosts thrill quotient; Seminoles play with fire

Posted on January 23, 2018 by David McKee

As rollercoaster rides go, New York-New York‘s is reassuringly tame. Perhaps in recognition of that, MGM Resorts International is going to kick things up a notch with digital augmentation. According to the Los Angeles Times, “The 3½-minute virtual reality experience … Continue reading →

Posted in Charity, Donald Trump, Election, Florida, Genting, International, Internet gambling, Japan, Massachusetts, MGM Mirage, Politics, Problem gambling, Seminole Tribe, Taxes, Technology, The Strip | 1 Comment

Lion attempts to devour Caesar; Louisiana casinos to come ashore?

Posted on January 19, 2018 by David McKee

That proposed takeover of Vici Properties by MGM Growth Properties looks stranger by the day. Since it would be a transaction between two landlords, it would not require Nevada regulatory approval. But it would not, contrary to its initial appearance, … Continue reading →

Posted in Atlantic City, Cordish Co., Genting, Greenwood Racing, Harrah's, Illinois, Indiana, Iowa, Kentucky, Lake Tahoe, Louisiana, MGM Mirage, Mississippi, Missouri, New York, Pennsylvania, Politics, Regulation, Reno, Sports, Station Casinos, Taxes, Wall Street | 1 Comment

Possible breakthrough in Mandalay Bay shootings; Trump Int’l rated a “s***hole”

Posted on January 17, 2018 by David McKee

Authorities are hinting about an indictment coming down in the Mandalay Bay massacre but are being coy as to whom it will target. Information released thus far by those investigating the crimes suggests that — despite having been out of … Continue reading →

Posted in Centaur Gaming, Donald Trump, Economy, Florida, Fontainebleau, Genting, Harrah's, IGT, Indiana, Law enforcement, Mandalay Bay Massacre, MGM Mirage, Nevada, Racinos, Sports, Technology, The Strip, West Virginia | Comments Off

SLS sale accelerates; New corruption worry for Macao

Posted on January 16, 2018 by David McKee

Lucky Dragon Casino‘s sudden demise had a dramatic effect on the sale of SLS Las Vegas, getting owner Stockbridge Capital Partners — no doubt newly aware of its precarious position — back to the bargaining table with Meruelo Group. According to … Continue reading →

Posted in Dining, Entertainment, Genting, Law enforcement, Lucky Dragon, Macau, MGM Mirage, Regulation, Sam Nazarian, SLS Las Vegas, Sociedade de Jogos de Macau, Sports, Stanley Ho, Steve Wynn, Technology, The Strip | Comments Off

Pennsylvania towns shun casinos; Macao mobbed up

Posted on January 5, 2018 by David McKee

Mini-casinos are as popular in Pennsylvania as an outbreak of typhus. Some 936 towns have ixnayed the idea of hosting slot parlors in their back yards. Extant casino operators will have to bid at least $7.5 million (and have a site … Continue reading →

Posted in Architecture, California, Charity, Churchill Downs, Economy, Foxwoods, Genting, Internet gambling, Law enforcement, LVCVA, Macau, Mandalay Bay Massacre, Maryland, MGM Mirage, Pennsylvania, Regulation, South Korea, Sports, Steve Wynn, Taxes, The Mob, Tourism, Tribal, TV | Comments Off

Exit the Dragon

Posted on January 5, 2018 by David McKee

In a story broken yesterday by VitalVegas, the Lucky Dragon Casino has abruptly shuttered its casino and restaurants. It will attempt to limp along for six months of ‘reorganization,’ sustained by hotel revenues. Were the Consumer Electronics Show not in … Continue reading →

Posted in Atlantic City, Boyd Gaming, Dining, Economy, Genting, Golden Gaming, Hard Rock International, Lucky Dragon, Marketing, Movies, Penn National, SLS Las Vegas, Station Casinos, Wall Street | 3 Comments