Category Archives: Genting

Thaw in Massachusetts? Hilton has left the building

Posted on August 25, 2011 by David McKee

After screwing the pooch in the previous legislature, it looks as though Gov. Deval Patrick (D-MA) and state lawmakers are finally on the same page regarding casino expansion in the Bay State. Analyst Joseph Greff rates the solons’ chances of … Continue reading →

Posted in Atlantic City, Bally Technologies, Colony Capital, Current, Economy, Genting, Horseracing, IGT, Isle of Capri, Kansas, Marketing, Maryland, Pennsylvania, Politics, Racinos, Regulation, Singapore, Taxes, The Strip, Tourism, Tribal, Wall Street, Warner Gaming, WMS Industries | 2 Comments

Quote of the Day

Posted on June 28, 2011 by David McKee

“I don’t know how I could have been so wrong. How could I think the market would be so small?” — HSBC regional gaming analyst Sean Monaghan, on the 18-22% ROI achieved by Marina Bay Sands and Resorts World Sentosa. … Continue reading →

Posted in Genting, Sheldon Adelson, Singapore, Wall Street | 3 Comments

Genting’s amphibious strategy

Posted on June 24, 2011 by David McKee

There may not be Vegas-style casinos in Florida yet (at least not non-tribal ones) but Genting Bhd is taking a gamble of its own. While Sheldon Adelson talks about putting $3 billion into the Miami area, Genting is already doing … Continue reading →

Posted in Economy, Florida, Genting, Harrah's, International, Macau, MGM Mirage, Politics, Sheldon Adelson, Singapore, Steve Wynn, Taxes, The Strip, Tourism, Tribal | 2 Comments

Coming (not so) soon: Wynn Singapore?!?!

Posted on June 20, 2011 by David McKee

Steve Wynn‘s next big project won’t be in Japan … or Philadelphia … or Boston. According to the tycoon, his “next goal in life” will be to open a Singapore megaresort. Yeah, the same Singapore out of which Wynn bailed … Continue reading →

Posted in Atlantic City, Boyd Gaming, California, Genting, George Maloof, Harrah's, International, Massachusetts, MGM Mirage, North Las Vegas, Pennsylvania, Sheldon Adelson, Singapore, Station Casinos, Steve Wynn, Tourism, Transportation | 1 Comment

Boyd exits Florida; Mixed messages from the Riv; The revenge of Adelson

Posted on May 2, 2011 by David McKee

Regardless of whether or not resort casinos are voted into law in Florida, one company that won’t be in the running is Boyd Gaming. The firm threw in the towel on the Miami market today. The Sunshine State “no longer … Continue reading →

Posted in Boyd Gaming, Colony Capital, Current, Donald Trump, Economy, Entertainment, Florida, Genting, Harrah's, Isle of Capri, M Resort, Macau, Marketing, MGM Mirage, Penn National, Politics, Regulation, Riviera, Sahara, Sheldon Adelson, Singapore, Station Casinos, Steve Wynn, Technology, The Strip, Wall Street | 1 Comment

Wynn makes the hit parade

Posted on March 28, 2011 by David McKee

For sanity’s sake, let’s turn from a buffoon (Donald Trump) to a serious individual. Namely, Steve Wynn, who’s been named to Barrons‘ list of the world’s 30 best CEOs. He’s up there surrounded by the likes of Warren Buffett, Jeff … Continue reading →

Posted in CityCenter, Current, Genting, International, Internet gambling, Macau, MGM Mirage, Regulation, Sheldon Adelson, Singapore, Steve Wynn, Wall Street | Comments Off on Wynn makes the hit parade

Adelson hits Florida speed bump

Posted on March 22, 2011 by David McKee

Gov. Rick Scott‘s big — and rather sudden — push to bring (more) private-sector casinos to Florida has run into a road block. The governor’s Tea Party base, of all people, is throwing up opposition … and not for the … Continue reading →

Posted in Atlantic City, Current, Genting, Horseracing, Isle of Capri, Minnesota, Mississippi, New York, Pennsylvania, Politics, Racinos, Reno, Sheldon Adelson, Tourism, Tribal | 5 Comments

Good news from an unexpected source

Posted on March 10, 2011 by David McKee

Atlantic City hit the big 3-0 in February: 30 straight months on revenue declivity, says J.P. Morgan (31, according to Wells Fargo). However, the rate of decline (1.4%) was the smallest since April of last year. With Genting Bhd‘s racino … Continue reading →

Posted in Atlantic City, Boyd Gaming, Carl Icahn, Colony Capital, Current, Dennis Gomes, Donald Trump, Economy, Genting, Harrah's, New York, Ohio, Penn National, Racinos, Tourism, Tropicana Entertainment | 1 Comment

Sheldon Adelson, Man of La Mancha

Posted on February 17, 2011 by David McKee

Life’s being pretty good these days to Las Vegas Sands, thanks in part to better-than-expected convention traffic at Marina Bay Sands (offsetting tepid meeting/expo biz in Macao). In addition to eyeballing Florida, Texas, Massachusetts and Japan, CEO Sheldon Adelson has … Continue reading →

Posted in Alex Yemenidjian, Atlantic City, Current, Downtown, Economy, Florida, Genting, International, Macau, Massachusetts, Oscar Goodman, Pennsylvania, Regulation, Sheldon Adelson, Singapore, Texas, The Strip, Tourism, TV | 2 Comments

Las Vegas Sands: Who’s minding the store?

Posted on February 15, 2011 by David McKee

Investors would do well to ask that, not least because of CEO Sheldon Adelson‘s attitude of, ‘The buck stops here … except when it doesn’t.’ To hear Adelson tell it, everything that goes awry at Las Vegas Sands and Sands … Continue reading →

Posted in Cirque du Soleil, Current, Genting, James Packer, Lawrence Ho, Macau, Marketing, Melco Crown Entertainment, MGM Mirage, Pansy Ho, Politics, Regulation, Sheldon Adelson, Singapore, Sports, Stanley Ho, Station Casinos, Steve Wynn, Technology, The Mob, Tourism, Wall Street | Comments Off on Las Vegas Sands: Who’s minding the store?

Quote of the Day

Posted on February 11, 2011 by David McKee

“I don’t suppose it’s occured [sic] to the smart crowd at MGM that luxury resort complexes designed for the ultra-wealthy in Egypt are exactly what the impoverished masses rebelling against [Hosni] Mubarak are against.” — “RussBBinVegas“, commenting on the Las … Continue reading →

Posted in Current, Economy, Genting, Harrah's, International, MGM Mirage | Comments Off on Quote of the Day

Hard Rock in foreclosure

Posted on February 1, 2011 by David McKee

Update: Taken by surprise, the Hard Rock’s owners swung into action with a countersuit. If you’re in New York City next Monday and have a little “mad money” in your pocket, like a hundred grand or so, you have the … Continue reading →

Posted in Boyd Gaming, Current, Genting, Harrah's, International, MGM Mirage, Morgans Hotel Group, Pansy Ho, Regulation, The Strip, Tribal, TV, Wall Street | 9 Comments

The race for Florida is on

Posted on January 26, 2011 by David McKee

Emissaries from Las Vegas Sands and Wynn Resorts were in Tallahassee to woo Florida legislators yesterday. Also present was Boyd Gaming, which owns property in the Sunshine State and understandably doesn’t want to see solons crafting a sweetheart deal for … Continue reading →

Posted in Boyd Gaming, Florida, Genting, Macau, Politics, Regulation, Sheldon Adelson, Singapore, Steve Wynn, Taxes, Tribal | 3 Comments

Sheldon: I’ll take Florida

Posted on January 7, 2011 by David McKee

It’s amazing what a transformative effect a night’s stay at Venelazzo will have. After stopping by Sheldon Adelson‘s little pied-a-terre, Florida Gov. Rick Scott (left) has done a 180 on casino expansion in Florida. Now Scott, refreshed by an evening’s … Continue reading →

Posted in Current, Economy, Election, Florida, Genting, Harrah's, Penn National, Pennsylvania, Politics, Racinos, Sheldon Adelson, Singapore, Steve Wynn, Taxes, The Strip, Tourism, Tribal | 1 Comment

Singapore: Mission accomplished

Posted on October 25, 2010 by David McKee

A curious item popped up on the Manila Web site MB.com last week. Remember how Macao was “Asia’s Las Vegas”? The new meme is “More Than Just the New Vegas” (emphasis added). The lengthy puff piece rather strenuously posited Macao … Continue reading →

Posted in Current, Dining, Genting, Harrah's, International, James Packer, Lawrence Ho, Macau, Marketing, Pennsylvania, Regulation, Sheldon Adelson, The Strip, Tourism | Comments Off on Singapore: Mission accomplished

Quote of the Day

Posted on October 21, 2010 by David McKee

“At each turn, our state leaders abdicated their public duty, failed to impose ethical restraints and focused on political gain at a cost of millions to New Yorkers. Shamefully, the public’s best interest was a matter of militant indifference to … Continue reading →

Posted in Genting, New York, Politics, Racinos, Regulation | Comments Off on Quote of the Day

Singapore: Our whales lose more than your whales!

Posted on October 12, 2010 by David McKee

Think you’re so big, Las Vegas? Well, Singapore just went all “In your face” on Sin City. One area tycoon recently blew $50 million at Marina Bay Sands and/or Resorts World Sentosa. Not to be outdone, a Singaporean zillionaire dropped … Continue reading →

Posted in Architecture, Boulder Strip, Economy, Entertainment, Environment, Genting, Goldman Sachs, Harrah's, Lake Tahoe, Missouri, Pinnacle Entertainment, Reno, Sheldon Adelson, Singapore, Tamares Group, The Strip | 2 Comments

Ameristar’s altruism … and so much more

Posted on October 6, 2010 by David McKee

Gaming regulators in Missouri got a little unsolicited advice from Ameristar Casinos as to where to put Casino License #13. Ameristar Vice President of Government Relations & Public Affairs Troy Stremming commissioned a study on the matter. Its shocking conclusion: … Continue reading →

Posted in Ameristar, Arizona, Atlantic City, Boyd Gaming, California, Colony Capital, Cretins, Current, Dennis Gomes, Economy, Genting, Harrah's, Horseracing, Isle of Capri, Louisiana, Macau, Marketing, MGM Mirage, Missouri, New York, Penn National, Pinnacle Entertainment, Politics, Racinos, Regulation, Sheldon Adelson, Station Casinos, Steve Wynn, Tourism, Tribal, TV, West Virginia | 5 Comments

Live, naked girls

Posted on September 23, 2010 by David McKee

Every few days brings a story pitch from some long-suffering PR professional. Today’s mail finds this plea on behalf of IAM Corp.: Since the beginning of online gaming, every other market has flocked to Live Dealer Casinos, but the US … Continue reading →

Posted in Alex Yemenidjian, Atlantic City, Current, Downtown, Dubai, Economy, Election, Genting, Harrah's, International, Internet gambling, James Packer, Marketing, New York, Plaza, Politics, Tamares Group, The Strip | 2 Comments

Suicidal in New Jersey

Posted on August 18, 2010 by David McKee

Atlantic City can just plain go to hell. That’s the message from several prominent — or simply loud — Democratic lawmakers who say Gov. Chris Christie‘s rescue plan for the city is spinach and to heck with it. Noisiest of … Continue reading →

Posted in Atlantic City, Colony Capital, Current, Donald Trump, Economy, Entertainment, Genting, Harrah's, Horseracing, Internet gambling, Marketing, Maryland, Minnesota, New York, Pennsylvania, Politics, Racinos, Singapore, The Strip, Tourism, Tribal, Wall Street | 2 Comments