Category Archives: Genting

Mutiny at MGM?; The art of the presidential deal

Posted on February 17, 2020 by David McKee

Global Gaming Business sources say MGM Resorts International CEO Jim Murren “was forced out by activist investors who had gathered enough support from institutional investors for his ouster.” The reason is not clear, as Murren had been doing everything possible … Continue reading →

Posted in Atlantic City, CityCenter, Donald Trump, Galaxy Entertainment, Genting, Hard Rock International, Health, International, Internet gambling, Japan, Macau, Massachusetts, Melco Resorts & Entertainment, Regulation, Resort fees, Sports betting, Technology, The Strip, TV, Virginia, Wall Street, William Hill, Wynn Resorts | 1 Comment

Politicians play casino games

Posted on February 13, 2020 by David McKee

Crusty Maine Gov. Janet Mills (D) eked out a victory on sports betting when a veto-override vote in the Maine House of Representatives fell short of a two-thirds majority. The prudish Mills changed her message from an anti-gambling one to … Continue reading →

Posted in Churchill Downs, Culinary Union, Donald Trump, Election, Galaxy Entertainment, Genting, Health, International, Iowa, Las Vegas Sands, Law enforcement, Macau, Maine, Nebraska, Nevada, New Hampshire, Penn National, Politics, Problem gambling, Singapore, Sports betting | Comments Off on Politicians play casino games

Macao closed for business; Tribal troubles

Posted on February 5, 2020 by David McKee

In what once seemed unthinkable, Macao has been ordered to close all 41 of its casinos (and presumably its myriad slot parlors) to inhibit the spread of coronavirus. The inciting incident appears to have been a case of the virus … Continue reading →

Posted in Charity, China, Donald Trump, Economy, Election, Galaxy Entertainment, Genting, Health, Macau, Massachusetts, Money laundering, Neil Bluhm, North Dakota, Oregon, Politics, Sociedade de Jogos de Macau, Tourism, Transportation, Tribal, Wall Street | 1 Comment

Draft Day is coming; Station rebounds

Posted on January 23, 2020 by David McKee

As you know, the next NFL draft will be continued on the Las Vegas Strip. The official plan has been released and we don’t know whether to be impressed or to laugh. In what has to be the most fey NFL … Continue reading →

Posted in Atlantic City, China, Entertainment, Genting, Indiana, Japan, Macau, Movies, New Jersey, Palms, Sports, Station Casinos, The Strip, Transportation, Wall Street | 1 Comment

Sports betting back on in Florida; Genting tipped for Japan

Posted on January 7, 2020 by David McKee

Although Florida voters thought they were cutting the Lege out of gambling legalization, lawmakers may have found a way to weasel their way back in, at least as concerns sports betting. The Sunshine State’s constitution now forbids the Lege from … Continue reading →

Posted in AGA, China, FanDuel, Florida, Galaxy Entertainment, Genting, Japan, Law enforcement, Melco Resorts & Entertainment, MGM Resorts International, Missouri, Movies, New Jersey, New York, Politics, Regulation, Seminole Tribe, Sheldon Adelson, Singapore, Slot routes, Sports, Sports betting, Taxes, Texas, The Strip, Transportation | Comments Off on Sports betting back on in Florida; Genting tipped for Japan

Stitt escalates Oklahoma conflict; The new N-word

Posted on January 6, 2020 by David McKee

Oklahoma Gov. Kevin Stitt‘s jihad against the state’s gaming tribes has claimed its first casualty. Secretary of Native American Affairs Lisa Billy resigned, writing that the governor was “committed to an unnecessary conflict … [You have] remained intent on breaking faith with them,” … Continue reading →

Posted in Churchill Downs, Connecticut, Genting, Hooters, International, Las Vegas Raiders, Marketing, Massachusetts, Movies, New York, Oklahoma, Problem gambling, Sexual misconduct, Sports, Sports betting, Taxes, Tribal, TV, Wynn Resorts | Comments Off on Stitt escalates Oklahoma conflict; The new N-word

Tribal gambling rampant in Oklahoma?; Penn National gets swindled

Posted on December 18, 2019 by David McKee

Could “casinos and smoke shops soon begin popping up on every corner of downtown Tulsa?” So wondered Indian Country Today about a Supreme Court case that could dramatically alter the complexion of tribal gaming in Oklahoma. (Serves Kevin Stitt right.) The … Continue reading →

Posted in Atlantic City, Caesars Entertainment, California, Churchill Downs, Culinary Union, Eldorado Resorts, Galaxy Entertainment, Genting, Illinois, Japan, Las Vegas Raiders, Law enforcement, Macau, MGM Resorts International, Oklahoma, Pansy Ho, Penn National, Regulation, Sociedade de Jogos de Macau, Sports, Sports betting, The Rio, Tribal, World Series of Poker, Wynn Resorts | Comments Off on Tribal gambling rampant in Oklahoma?; Penn National gets swindled

DeSalvio dispatched to Catskills; Stevens thinks big

Posted on December 16, 2019 by David McKee

Former Encore Boston Harbor prexy Robert DeSalvio didn’t have to cool his heels for long. He’s just (the news broke two hours ago) been named president of Genting New York, ousting Ryan Eller. As his title implies, DeSalvio will be … Continue reading →

Posted in Derek Stevens, Detroit, Downtown, Genting, International, Internet gambling, Iowa, Louisiana, Michigan, Movies, New York, Palms, Sports, Sports betting, Station Casinos, Taxes, Wall Street, Warner Gaming | Comments Off on DeSalvio dispatched to Catskills; Stevens thinks big

Looking for love in Macao; Resorts World LV’s big bet

Posted on December 12, 2019 by David McKee

“All of the juice has been squeezed out of the orange. Macao is starting to resemble more mature competitive markets such as Las Vegas and Atlantic City.” Ouch! That was Bloomberg Intelligence contributing analyst David Bonnet, taking an exceptionally gloomy view … Continue reading →

Posted in Architecture, Atlantic City, Century Casinos, Economy, Genting, Hard Rock International, Japan, Las Vegas Sands, Macau, Missouri, Mohegan Sun, New Jersey, Oklahoma, Philippines, Rush Street Gaming, South Korea, Taxes, The Strip, Transportation, Tribal, Vietnam | 2 Comments

Duterte socks it to casinos; Sports betting battle in California

Posted on December 9, 2019 by David McKee

This is an effective promotional tool. Why aren’t other companies doing it? (We’re looking at you, Caesars Entertainment.) * Philippine strongman Rodrigo Duterte is punching out at Philippines offshore gaming operators (POGOs) over delinquent taxes. He asserted that they had paid … Continue reading →

Posted in California, Cosmopolitan, DraftKings, Economy, FanDuel, Galaxy Entertainment, Genting, Hard Rock International, International, Internet gambling, MGM Resorts International, Mohegan Sun, Nevada, Philippines, Politics, Regulation, Sexual misconduct, Sports betting, The Rio, The Strip, Tribal | Comments Off on Duterte socks it to casinos; Sports betting battle in California

Resorts World postponed (again); Drugs-for-points scandal settled

Posted on November 22, 2019 by David McKee

Guess what? Tortoise-powered Resorts World Las Vegas has been hit with another construction delay. (Shocking. Absolutely shocking.) It’s getting pushed back all the way into summer of 2021, a half-year delay. Sometimes one thinks it will be a miracle if … Continue reading →

Posted in Cosmopolitan, Dining, Genting, Japan, Lake Las Vegas, Las Vegas Sands, Law enforcement, Lucky Dragon, Macau, MGM Resorts International, Palms, Pansy Ho, Resorts World LV, South Dakota, The Strip, Wall Street | 1 Comment

Big bounce at IGT; Cosmo revises restaurant lineup

Posted on November 15, 2019 by David McKee

“What’s 23% Between Friends?” So asked Credit Suisse analyst Ben Combes as he reported on International Game Technology‘s 3Q19 earnings call. IGT’s $407 million in cash flow exceeded consensus Wall Street expectations by 3%. IGT stock vaulted 23% on the … Continue reading →

Posted in Caesars Entertainment, Cosmopolitan, Delaware, Detroit, Dining, Entertainment, Genting, history, IGT, Indiana, International, Las Vegas Raiders, Lotteries, M Resort, MGM Resorts International, Missouri, New York, Penn National, Sports betting, Taxes, The Strip, TV, Wall Street | Comments Off on Big bounce at IGT; Cosmo revises restaurant lineup

Second thoughts on Japan; Seneca smackdown

Posted on November 14, 2019 by David McKee

Is it possible that Japan is too rich for the casino industry’s blood? Las Vegas Sands President Rob Goldstein recently pegged the cost of a Japanese megaresort at $12 billion, while Fitch Ratings thinks it will be closer to $15 … Continue reading →

Posted in China, Galaxy Entertainment, Genting, International, Japan, Las Vegas Sands, Macau, MGM Resorts International, New York, Taxes, Transportation, Tribal, Wall Street | Comments Off on Second thoughts on Japan; Seneca smackdown

Live like The Donald; Growing pains in Pennsylvania

Posted on November 8, 2019 by David McKee

For sale: One casino riverboat, heavily used. The former Trump Princess, now Majestic Star II, is on the market for $6 million, along with its sister ship, also costing $6 million. If you want to live large like Donald Trump, … Continue reading →

Posted in Caesars Entertainment, China, Colorado, Cordish Co., Don Barden, Donald Trump, Election, Genting, Georgia, Indiana, Macau, Massachusetts, Pennsylvania, Politics, Regulation, Sports betting, Taxes, Tribal | Comments Off on Live like The Donald; Growing pains in Pennsylvania

Caution on Scientific, Golden; VIPs passé in Macao

Posted on November 8, 2019 by David McKee

Scientific Games must have been less than thrilled with Credit Suisse analyst Ben Combes‘ report on their third quarter. It was headlined, “Solid Quarter, But Leverage Concerns Keep Us on the Sidelines.” Cash flow of $344 million beat the Wall … Continue reading →

Posted in California, Canada, China, Dining, Economy, Entertainment, Genting, Golden Gaming, Greenwood Racing, Illinois, International, Internet gambling, Las Vegas Raiders, Lotteries, Macau, MGM Resorts International, Nevada, New York, Penn National, Pennsylvania, PokerStars, Resort fees, Rush Street Gaming, Scientific Games, Sheldon Adelson, The Strip, Tribal, Wall Street, Wynn Resorts | Comments Off on Caution on Scientific, Golden; VIPs passé in Macao

MGM Springfield: Deal or no deal?; More KAOS chaos

Posted on November 8, 2019 by David McKee

As reported earlier this week, MGM Resorts International is considering monetizing disappointing MGM Springfield via a sale to MGM Growth Properties. The company sought to reassure customers, saying the deal “focus exclusively on the transfer of real estate and have … Continue reading →

Posted in Cosmopolitan, Dining, Genting, Massachusetts, MGM Resorts International, New York, Palms, Penn National, Regulation, Sam Nazarian, Station Casinos, Wynn Resorts | Comments Off on MGM Springfield: Deal or no deal?; More KAOS chaos

MGM Nat’l Harbor takes a hit; Venetian revises restaurant row

Posted on November 6, 2019 by David McKee

Just when MGM National Harbor looked impervious to market forces it hit an October speed bump. Gaming revenues tumbled 18.5% to $60 million. The Free State was down 9% as a whole. MGM got hammered at the tables, plunging 36%, … Continue reading →

Posted in Caesars Entertainment, Churchill Downs, Cordish Co., Cosmopolitan, Dining, Genting, Golden Gaming, International, Internet gambling, Las Vegas Sands, Maryland, MGM Resorts International, Mohegan Sun, Penn National, South Korea, Sports, The Strip, West Virginia, William Hill | Comments Off on MGM Nat’l Harbor takes a hit; Venetian revises restaurant row

MGM’s architecture lauded; Sands number one in Asia

Posted on November 5, 2019 by David McKee

Congratulations to MGM China, whose MGM Cotai has won the annual Skyscraper Award from Emporis. We quite agree. MGM Cotai is the most striking casino-hotel design since Marina Bay Sands, a bold statement on behalf of modernity. (Sands, by contrast, … Continue reading →

Posted in Architecture, Genting, Las Vegas Sands, Macau, MGM Resorts International, New York, Singapore, Taxes, The Strip, Tribal, Wall Street | Comments Off on MGM’s architecture lauded; Sands number one in Asia

Massachusetts: No more casinos; Gilbert sells again

Posted on October 29, 2019 by David McKee

Citing an obvious saturation (already) in the Massachusetts market and the possibility of a tribal casino in Taunton or on Martha’s Vineyard, the Massachusetts Gaming Commission punted the award of the state’s final casino license into the indefinite future. In … Continue reading →

Posted in Atlantic City, Caesars Entertainment, Dan Gilbert, Donald Trump, Genting, Indiana, International, Internet gambling, Las Vegas Sands, Maryland, Massachusetts, Neil Bluhm, Ohio, Penn National, Politics, Problem gambling, Racinos, Regulation, Singapore, Tribal | Comments Off on Massachusetts: No more casinos; Gilbert sells again

Air guitar; Forgiveness urged for Steve Wynn

Posted on October 28, 2019 by David McKee

The much-anticipated opening of Hard Rock International‘s guitar-shaped hotel-casino in Hollywood, Florida, drew celebrities from Hollywood, California (Johnny Depp), as well as ones who would attend the opening of an eyelid (Kim Kardashian). Hard Rock hopes to recreate the iconic … Continue reading →

Posted in Architecture, Australia, Baseball, Boyd Gaming, Caesars Entertainment, Churchill Downs, Cosmopolitan, Florida, Genting, Hard Rock International, Hooters, Illinois, International, Japan, Massachusetts, MGM Resorts International, Mississippi, Nevada, New York, Politics, Regulation, Rush Street Gaming, Scott Butera, Sexual misconduct, Sports, Sports betting, Steve Wynn, Taxes, The Strip, Tribal, Wynn Resorts | 1 Comment