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Category Archives: International
Quote of the Day
“Warrants which was previously in the hands of police and judges is now given to ward administration and authorities. Once a tip-off is received, they will have to make a search and gather evidence. If any locals are arrested, it … Continue reading
Posted in International, Law enforcement
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Adelson’s big trade-off; Nation bans casinos; Vegas hotel reopens
Not having gotten his way regarding a Las Vegas stadium, Sheldon Adelson turned to the government of Singapore and can now announce a major success. He will build a new hotel, a “state of the art” arena and additional convention … Continue reading
Posted in Architecture, Derek Stevens, Downtown, Genting, International, Las Vegas Sands, Law enforcement, Singapore, Taxes, Terry Caudill, Wall Street
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MGM Calgary?!?; Virginity postponed
Having long since abandoned its designs on Toronto, it seems MGM Resorts International is looking even deeper into the Great White North. According to DailyHive.com, MGM is pitching a $5.1 billion gambling and residential complex in downtown Calgary. Obviously New … Continue reading
Posted in Architecture, Australia, DFS, Hard Rock Hotel, International, Louisiana, MGM Resorts International, Politics, Sports betting
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News briefs from around the globe
It’s the end of an era at Hard Rock Rocksino in Ohio. This week it becomes MGM Northfield Park, a completely uninspiring handle that reeks of insecurity. Dan Gilbert, if you’re ever going to make a run for the top … Continue reading
MGM: The first shall be last … or something like that
Closing out the J.P. Morgan Gaming & Lodging Management Access Forum were execs from MGM Resorts International. The company’s four priorities were stated as 1) drive organic growth, 2) bring new properties up to speed in terms of revenue performance, 3) … Continue reading
Gaming speaks: Wynn, Sands, Scientific
Wynn Resorts exuded overconfidence in a meeting with JP Morgan analysts. It’s already booking revenue from Encore Boston Harbor without knowing it’s going to hang onto the license. It also expects new revenue to be driven by the debut of … Continue reading
Posted in Caesars Entertainment, Carl Icahn, Illinois, International, Japan, Las Vegas Sands, Macau, Massachusetts, Pennsylvania, Scientific Games, Singapore, South Korea, The Strip, Tourism, Transportation, Wall Street, Wynn Resorts
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Macao: Waiting to exhale; Trump gets favorable odds
Macao‘s government has announced—in what is not exactly a surprise—that it will extend the MGM China and Sociedade de Jogos de Macau concessions until June 26, 2022. This not only creates a level playing field for all concessionaires, it gives … Continue reading
Posted in Donald Trump, Economy, Election, International, Macau, MGM Resorts International, Penn National, Pennsylvania, Service, Sociedade de Jogos de Macau
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Quote of the Day
“With around 265,000 pints of Guinness expected to be consumed, the press will be keeping a close eye on fans to see how the festival will respond to any upsets. Race meets last year were marred with after-dark bouts of … Continue reading
Posted in Horseracing, International
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More Tamares tomfoolery; MGM evicts Hard Rock brand
Tamares Group has been up to its usual shenanigans, using the Plaza Hotel as a stalking horse. The latter slapped a quickie eviction notice on the Beauty Bar, citing multiple incidents involving repeated calls to Las Vegas Metro as the … Continue reading
PGA gives itself a mulligan; MGM sharpens the axe
Despite having cried out for federal regulation of sports betting, the PGA Tour is willing to look the other way if its players opt to be sponsored by the gaming industry. “Because of the Supreme Court’s decision last year, and because … Continue reading
Posted in Charity, Culinary Union, Galaxy Entertainment, International, Japan, Las Vegas Sands, Law enforcement, Macau, Melco Resorts & Entertainment, MGM Resorts International, Sports, Sports betting, The Strip, Virginia, Wall Street, Wynn Resorts
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Adelson ailing; Coup d’etat at Caesars
Last night, KTNV-TV reported that James Jimmerson, an attorney for Sheldon Adelson, had declared the mogul’s condition to be “dire.” Subsequently it was disclosed that Adelson has been diagnosed with cancer and hasn’t been to his office since Christmastime. The … Continue reading
Posted in Baseball, Caesars Entertainment, Carl Icahn, Current, Entertainment, International, Japan, Las Vegas Sands, Macau, MGM Resorts International, Politics, Sheldon Adelson, Sports, The Strip, Tourism
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SJM Fok-ed up; Virginia approves casinos
Lucina Laam may be the most important person in Macao‘s turbulent casino history. As Wife #2 of Stanley Ho she bore Daisy Ho, Pansy Ho, Lawrence Ho and two other daughters not involved in the gaming biz. Now, in an … Continue reading
Posted in Atlantic City, Caesars Entertainment, DFS, Donald Trump, Downtown Grand, Environment, history, International, Las Vegas Sands, Lawrence Ho, Macau, Marketing, Maryland, Massachusetts, Melco Resorts & Entertainment, MGM Resorts International, New York, Pansy Ho, Pennsylvania, Politics, Singapore, Sociedade de Jogos de Macau, Stanley Ho, Technology, Tribal, Virginia
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King on the rag; Macao mobbed; Sheldon goes green
Better hurry and line up that Circa funding, Derek Stevens: Rep. Steve King (R) is coming after your EB-5 investors. King has introduced a bill, currently little more than a placeholder, to terminate the EB-5 program. In the past we’ve been … Continue reading
Posted in Caesars Entertainment, Cirque du Soleil, Cretins, Delaware, Derek Stevens, Downtown Grand, Entertainment, Environment, Genting, Hard Rock International, International, Las Vegas Sands, Macau, Mohegan Sun, Politics, Racinos, Sheldon Adelson, South Korea, Sports betting, Terry Caudill, The Strip, Tourism, TV
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Fearless Oscar recap
New Jersey bookmakers are doubtless shelling out some long green today after Olivia Colman upset their (and my) odds-on pick, Glenn Close at the Academy Awards last night. Despite having the law of averages seemingly in her favor, Close continues … Continue reading
Posted in Atlantic City, Current, International, Movies, New Jersey, TV
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Chronicle of a disaster foretold
It’s time for Caesars Entertainment‘s quarterly earnings call and, by way of a preview, JP Morgan analyst Daniel Politzer took a relatively dim view of selling the company as a cure for whatever ails it. “While we understand activists’ rationale … Continue reading
MGM beats The Street
MGM Resorts International says it is no longer going to give Wall Street forward guidance on earnings. Why not? It beat its own forecasts by 3% on the Las Vegas Strip, 4% in its regional properties and 8% in all-important … Continue reading
Posted in International, Internet gambling, Macau, Massachusetts, MGM Resorts International, Politics, Rhode Island, Sports, Sports betting, The Strip, Wall Street
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Clouds over Macao; What Sheldon wants, Sheldon gets
Cameron McKnight of Credit Suisse is projecting gambling-revenue flatness in Macao (despite higher tax returns) through 2019 and into 2020, despite a record amount of available credit in China. “Stronger credit data may partially assuage China macro concerns, as it … Continue reading
Super Bowl hits and misses; Sigma Derby rides again
Super Bowl LIII is over and viewers are left to ponder such existential questions as “Is Julian Edelman a Hall of Famer?” and “Why are all NFL kickers bald?” The New England Patriots did the most important thing, i.e. covering the … Continue reading
Posted in Derek Stevens, Downtown, Entertainment, history, International, Marketing, MGM Resorts International, Paragon Gaming, Sigma Derby, Sports, Sports betting, Technology, TV
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So long, Total Rewards; MGM goes to Yonkers
Despite one less weekend day than 2017, December was good for the Las Vegas Strip. Visitation was up over 2% and room revenues leapt 16% to an average of $104/room. This was particularly impressive given a 23% decline in convention … Continue reading
Posted in Caesars Entertainment, Economy, Harrah's, International, Internet gambling, Macau, Marketing, Massachusetts, MGM Resorts International, New York, Regulation, Sexual misconduct, Steve Wynn, Taxes, The Strip, Tourism, Transportation, Wynn Resorts
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