Category Archives: Genting

There’s new life at F-blew; Casinos neglect safety plans

Posted on December 29, 2017 by David McKee

Contrary to some of his early pronouncements about Fontainebleau, new owner Steven Witkoff isn’t sitting on his asset but is pursuing roughly $2 billion of the $3 billion that will be required to finish the eye, er, glittering megaresort. He’s … Continue reading →

Posted in Atlantic City, Carl Icahn, Fontainebleau, Genting, Golden Gaming, Indiana, Macau, Mandalay Bay Massacre, Nevada, Palms, Politics, Racinos, Regulation, Reno, Sheldon Adelson, Sports, Station Casinos, Steve Wynn, Steven Witkoff, Taxes, Technology, The Strip, Tribal, Tropicana Entertainment, Wall Street | Comments Off

Reid: The truth is out there; Paddock motive unfathomable

Posted on December 27, 2017 by David McKee

Not only does the Pentagon have its own X-Files unit, there’s a strong Las Vegas angle. The Advanced Aerospace Threat Identification Program was the brainchild of then-Sen. Harry Reid (D) and (officially) ran from 2007 to 2012. However, according the the … Continue reading →

Posted in Donald Trump, Downtown, Florida, Genting, Harry Reid, Law enforcement, Macau, Mandalay Bay Massacre, Melco Crown Entertainment, Philippines | Comments Off

New York: Turning the page; Cal-Neva is on the clock

Posted on December 15, 2017 by David McKee

‘Wait three years’ is the new rationale coming out of Albany, now that three new casinos in upstate New York have failed to meet Year One revenue projections. Taking the glass-half-full perspective, state Sen. John Bonacic says that the casinos were … Continue reading →

Posted in Economy, Genting, Internet gambling, Japan, Lake Tahoe, Massachusetts, Neil Bluhm, New York, Penn National, Politics, Problem gambling, Racinos, Regulation, Sports, Taxes, Tribal | 1 Comment

Wynn’s new frontier

Posted on December 14, 2017 by David McKee

Wynn Resorts made it official last night: It had paid just under $335 million for the old New Frontier site, which it is taking over from James Packer. The deal makes a fool of Packer, who paid $570 million for … Continue reading →

Posted in Atlantic City, Cretins, Current, Dan Gilbert, Detroit, Donald Trump, Florida, Genting, Hard Rock International, James Packer, Lucky Dragon, LVCVA, MGM Mirage, Minnesota, Penn National, Phil Ruffin, Riviera, Sports, Steve Wynn, The Strip, Tribal, Wall Street | Comments Off

Penn, Pinnacle nuptials in the offing; Connecticut sues Trump administration

Posted on December 1, 2017 by David McKee

To absolutely no one’s surprise, Pinnacle Entertainment and Penn National Gaming formally affirmed that they are in merger talks. Among the upsides, Deutsche Bank analyst Carlo Santarelli cites the alleviation of forced asset sale in Pennsylvania, where the number of … Continue reading →

Posted in Ameristar, Boyd Gaming, Foxwoods, Genting, IGT, Indiana, Louisiana, Mississippi, Missouri, Mohegan Sun, New York, Ohio, Penn National, Pennsylvania, Pinnacle Entertainment, Regulation, Scientific Games, Wall Street | 3 Comments

Good news for Sheldon and other Case Bets

Posted on November 30, 2017 by David McKee

Singapore‘s casinos are looking at an up year in 2018, according to normally cautious Fitch Ratings analyst Alex Bumazhny. “Singapore [gross gaming revenue] grew by around 10 percent year-on-year in first half 2017, after falling by around 30 percent over 2015 to … Continue reading →

Posted in Ameristar, Australia, Crown Resorts, Genting, Harrah's, International, Iowa, Law enforcement, Mandalay Bay Massacre, Pinnacle Entertainment, Regulation, Sheldon Adelson, Singapore, The Crown 18, Tribal, Wall Street | Comments Off

Tax change roils industry; Head rolls at Rivers Schenectady

Posted on November 14, 2017 by David McKee

Tax legislation currently before Congress has the gaming industry, well, not up in arms but decidedly concerned. The House of Representatives version would close some loopholes for deductibility of interest on growth investments. Rather than take up its argument with the … Continue reading →

Posted in Charity, Genting, Geoff Freeman, Neil Bluhm, New York, Politics, Taxes | Comments Off

Ohio defies the calendar; Pennsylvania vote pricks Adelson’s balloon

Posted on November 8, 2017 by David McKee

Ohio gaming revenues powered up 5.5% last month despite a supposedly “unfavorable” calendar (one less weekend day). Except for a flat outcome at Thistledown Racino ($9.5 million), everyone was revenue positive for the month. Even Jack Cleveland snapped out of … Continue reading →

Posted in Dan Gilbert, Eldorado Resorts, Genting, Hard Rock International, Internet gambling, Japan, Ohio, Penn National, Pennsylvania, Pinnacle Entertainment, Politics, Racinos, Sheldon Adelson, Singapore, South Korea, Tourism | Comments Off

Strip waxes, LV locals wane; Caesars sticks it to you

Posted on October 31, 2017 by David McKee

Gaming revenues inched up 3% in Nevada last August, while the Las Vegas Strip was up 5%, to $568 million. JP Morgan analyst Joseph Greff wrote that the latter implied “strong 3Q for MGM table games given WYNN and LVS’ combined 3Q … Continue reading →

Posted in Boulder Strip, Downtown, Economy, Entertainment, Genting, Greenwood Racing, Harrah's, International, Internet gambling, Lake Tahoe, Laughlin, Mesquite, MGM Mirage, Nevada, North Las Vegas, Pennsylvania, Regulation, Reno, Sheldon Adelson, Steve Wynn, The Strip, Wall Street | Comments Off

Tally-ho, friends!; NY State casinos cry uncle

Posted on October 30, 2017 by David McKee

As Sigma Derby games at MGM Grand and The D continue to eke out a perilous existence, getting by on spare parts cannibalized from other machines, they have a new rival. Konami Gaming has taken note of the enduring popularity … Continue reading →

Posted in Baseball, Derek Stevens, Dining, Economy, Genting, IGT, International, Jeff Guard, Macau, MGM Mirage, New York, Sports, Taxes, Technology, Tourism, TV | 1 Comment

Adelson’s construction boom; Make theirs Manhattan

Posted on October 26, 2017 by David McKee

Las Vegas Sands still can’t be bothered to finish its St. Regis stump on the Strip, but it’s spending capex dollars like there’s no tomorrow in Macao. Sands will throw $700 million into redoing Sands Cotai Central as The Londoner, … Continue reading →

Posted in Architecture, Culinary Union, Genting, Law enforcement, Macau, Mandalay Bay Massacre, MGM Mirage, New York, Politics, Sheldon Adelson, Singapore, The Strip, Wall Street | Comments Off

New MGM ad stirs controversy; Macao heightens security

Posted on October 19, 2017 by David McKee

Among the victims of Stephen Paddock‘s domestic terrorism was MGM Resorts International‘s “Welcome to the Show” ad campaign. The aftermath of a mass murder was hardly the time to be proclaiming that you’re “in the ‘Holy Sh*t!’ business” or to promise … Continue reading →

Posted in Genting, Harrah's, Macau, Mandalay Bay Massacre, Marijuana, Marketing, Maryland, MGM Mirage, Pennsylvania, Philippines, Regulation, Technology, The Strip, TV, Unite-Here | Comments Off

Resorts World a ‘go’; House of Blues a ‘drag’

Posted on October 19, 2017 by David McKee

With a great sigh of relief, we note that Resorts World Las Vegas has gone from being just a logo and some nifty renderings to becoming a living, breathing construction project (video here). Genting Group has hired a construction manager and … Continue reading →

Posted in Architecture, Entertainment, Genting, Harrah's, Marketing, MGM Mirage, Penn National, Station Casinos, Technology, The Strip, Vdara Death Ray, Westgate LV | Comments Off

Boxing creates boom for Nevada bookmakers

Posted on October 10, 2017 by David McKee

Nevada sports books saw an increase of 1,650% in August wagering. (No, that’s not a typo.) It would be an understatement to say that the Floyd Mayweather/Conor McGregor fight helped. $70 million was wagered on it, with the books keeping … Continue reading →

Posted in Donald Trump, Genting, Mississippi, Regulation, Sheldon Adelson, Singapore, Sports, Technology, Tilman Fertitta, Westgate LV | Comments Off

So long, Moulin Rouge; Golden merger green-lit

Posted on October 6, 2017 by David McKee

It just got a lot cheaper to buy the Moulin Rouge. The last vestiges of the original complex were pulled down yesterday after yet another suspicious fire ravaged through what once upon a time was Las Vegas‘ first integrated casino. … Continue reading →

Posted in ACEP, Fontainebleau, Genting, Golden Gaming, history, Moulin Rouge, Movies, Regulation, Sam Nazarian, The Strip | Comments Off

Cuomo’s overreach; Penn punts on Trop upgrade

Posted on October 5, 2017 by David McKee

Genting needs to get worried, very worried about over budgeted Resorts World Catskills. New casinos promoted in upstate New York by Gov. Andrew Cuomo (D) are grossly underperforming. The three already in operation need an incredible 4Q17 to make good on … Continue reading →

Posted in Boyd Gaming, California, Dining, Economy, Genting, Mandalay Bay Massacre, Neil Bluhm, New York, Penn National, Racinos, Taxes, The Strip, Tourism, Tribal, Wall Street | Comments Off

Wynn takes the lead

Posted on October 4, 2017 by David McKee

Steve Wynn has always been a trendsetter in Las Vegas and we hope his decision to equip his security force with handheld metal detectors is another move the rest of the industry will follow. “Las Vegas is a target city. … Continue reading →

Posted in Boyd Gaming, Entertainment, Florida, G2E, Genting, Harrah's, Law enforcement, Macau, Mandalay Bay Massacre, Massachusetts, MGM Mirage, New York, Philippines, Steve Wynn, Wall Street | 1 Comment

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

MGM gets potty-mouthed; New York casino flops

Posted on September 22, 2017 by David McKee

MGM Resorts International‘s casinos-without-gaming new ad campaign is playing to divided opinions. For instance, the company has 100,000 square feet of gaming at Bellagio but you won’t spot so much as a pair of dice in the ad, yet MGM … Continue reading →

Posted in Cirque du Soleil, CityCenter, Genting, International, Lawrence Ho, Marijuana, Marketing, MGM Mirage, Neil Bluhm, New York, Philippines, Politics, Sports, Tribal, TV | 2 Comments

F-blew: Here we go again; Trop makes Hoosier history

Posted on September 19, 2017 by David McKee

Steven Witkoff hasn’t closed on the Fontainebleau sale yet, never mind receiving a gaming license, and he’s already being cast as the savior of the Las Vegas Strip. However, there are some dark clouds on Fontainebleau’s horizon. Despite the $1.3 … Continue reading →

Posted in Carl Icahn, Eldorado Resorts, Fontainebleau, Genting, history, Indiana, Internet gambling, LVCVA, Marketing, Massachusetts, Penn National, Pennsylvania, Regulation, Reno, Steven Witkoff, The Strip, Tropicana Entertainment | 1 Comment