Category Archives: International

Murren woos Maryland; Downtown Grand shows promise

Posted on September 26, 2013 by David McKee

After hinting at a low-key design for his National Harbor casino proposal, MGM Resorts International CEO Jim Murren rolled out something fairly spectacular. The terraced, canopied design looks not a little futuristic and the Las Vegas Review-Journal was right to … Continue reading →

Posted in Architecture, Dining, Downtown, Hard Rock International, International, Maryland, MGM Mirage, Penn National, Sheldon Adelson, The Strip | 1 Comment

Bad day for Tomato King and Wynn

Posted on September 25, 2013 by David McKee

While the City of Philadelphia is officially neutral on who should get the last gambling license for the area, it’s not above giving the Pennsylvania Gaming Control Board a not-so-gentle-nudge. At a hearing led by Deputy Mayor Alan Greenberger, two … Continue reading →

Posted in Architecture, Cordish Co., Cosmopolitan, International, Macau, Penn National, Pennsylvania, Regulation, Sheldon Adelson, Singapore, Steve Wynn, Tomato King Procacci, Tourism | Comments Off

Quote of the Day

Posted on September 21, 2013 by David McKee

“The fourth [Manila] project, Resorts World Bayshore, is backed by Genting, a gambling giant with global ambitions (it is also planning to buy an ailing casino in Vegas). — from The Economist. Planning? Genting’s closed the deal. And what’s this … Continue reading →

Posted in Boyd Gaming, Genting, International, The Strip | Comments Off

Another Borgata first; Ohio is “george”; Adelson’s waiting game

Posted on September 20, 2013 by David McKee

In what could be a harbinger of good things for Atlantic City, the final events of the World Poker Tour are being held at Borgata. It’s to promote the legalization of online poker in New Jersey, but anything that brings … Continue reading →

Posted in Atlantic City, Boyd Gaming, Environment, International, Internet gambling, Japan, Ohio, Problem gambling, Sheldon Adelson, Steve Wynn | 2 Comments

Caesars: Borrowing time

Posted on September 19, 2013 by David McKee

“Caesars Entertainment Corporation (CZR) is a highly overvalued gaming, hotel, and entertainment company with deteriorating fundamentals on all levels in a highly competitive environment.” — Aaron Zander, Seeking Alpha. It’s that moment we’ve all been waiting for, the one where … Continue reading →

Posted in International, Massachusetts, New York, Taxes, Wall Street, World Series of Poker | Comments Off

Gomes out, Adelson in, Japan on the fence

Posted on September 16, 2013 by David McKee

Take a good look at that flapper-era costume. It’s not long for Resorts Atlantic City. Now that the Mohegan Gaming Authority has well and truly taken the reins of the property, the late Dennis Gomes‘ Prohibition Era theming is on … Continue reading →

Posted in Atlantic City, Dennis Gomes, International, Louisiana, Marketing, Mohegan Sun, Sheldon Adelson, Wall Street | Comments Off

Better times are here

Posted on September 16, 2013 by David McKee

Las Vegas remains lumbered with journalistic dinosaur Sherman Frederick, a grumbling, blogging old fussbudget who predicts doom and gloom as he tucks into his stewed prunes every morning. I’ve never run across anybody who rooted against their home town so … Continue reading →

Posted in CityCenter, Current, Economy, Entertainment, G2E, Hard Rock Hotel, Harrah's, International, MGM Mirage, Morgans Hotel Group, Phil Ruffin, The Mob, The Strip | 1 Comment

Next Stop: Sri Lanka; Terra incognita

Posted on September 12, 2013 by David McKee

Launching a pre-emptive strike on the Indian subcontinent, the government of Sri Lanka has gone into casino gambling in a big way. It’s approved a $350 million “mixed development” (that’s what casino-hotels are called over there) by James Packer‘s Crown … Continue reading →

Posted in Bally Technologies, IGT, International, Internet gambling, James Packer, Phil Ruffin, Regulation, Scientific Games, Taxes, Wall Street | Comments Off

Revel resurgent; MGM, Sands to Japan

Posted on September 10, 2013 by David McKee

For all the flack that it’s taken for its misleading “refund” on losses promotion, Revel Resort continues to woo customers back. Its revenues rose 2% in August, pushing the megaresort ahead of Showboat and into the middle tier of Atlantic … Continue reading →

Posted in Boyd Gaming, Current, Donald Trump, Harrah's, International, Melco Crown Entertainment, MGM Mirage, Mohegan Sun, Revel, Sheldon Adelson, Stanley Ho, Tropicana Entertainment | 3 Comments

Adelson’s new BFF; Icahn’s pricey purchase; Fertitta out of A.C.?

Posted on September 4, 2013 by David McKee

Politics making strange bedfellows and all that, S&G woke up to find Sheldon Adelson enjoying connubial bliss with President Barack Obama. Both are pushing for military intervention in Syria, swimming against the tide of American public opinion. And to think … Continue reading →

Posted in Atlantic City, Carl Icahn, Current, International, Internet gambling, Missouri, Pinnacle Entertainment, Politics, Sheldon Adelson, Singapore, Tilman Fertitta | Comments Off

Sands pays The Man; Brothel bargains; Caesars goes to Boston

Posted on August 28, 2013 by David McKee

Uncle Sam is $47 million richer today after collecting an eight-figure settlement from Las Vegas Sands. Seems the latter had been operating on the outer fringes of legality when handling large sums of moolah from Zhenli Ye Gon. The latter, … Continue reading →

Posted in Current, Economy, Entertainment, Harrah's, International, Massachusetts, Sheldon Adelson, Steve Wynn | Comments Off

How much sin in Sin City is too much?; Woe and Ho

Posted on August 27, 2013 by David McKee

Wearing a strap-on dildo seems to be the outer limit of decency in Las Vegas. Any casino that hosts a nightclub is playing with fire to some extent but Las Vegas Sands well and truly burned its fingers with The … Continue reading →

Posted in Current, Harrah's, International, Macau, Ohio, Penn National, Planet Hollywood, Regulation, Sheldon Adelson, Stanley Ho, The Strip | 2 Comments

Atlantic City: Half-full or half-empty?; Crosby tips his hand

Posted on August 23, 2013 by David McKee

It depends on which newspaper you read. The Press of Atlantic City took the half-full route, focusing on the profits made by eight of the city’s dozen casinos. The Associated Press pointed to the narrowing margin of aforesaid gross-operating profitability. … Continue reading →

Posted in Boyd Gaming, Donald Trump, Economy, Foxwoods, Harrah's, International, James Packer, Massachusetts, Mohegan Sun, Pennsylvania, Problem gambling, Regulation, Revel, Sheldon Adelson, Steve Wynn, The Strip | 1 Comment

Gather ye dividends while ye may

Posted on August 16, 2013 by David McKee

Bally Technologies almost hit the $1 billion mark in revenue ($997 million) during the last fiscal year, which earns it our congratulations. Good work, folks. “We made enormous progress in many different ways, including continued growth in wide-area progressive units, … Continue reading →

Posted in Bally Technologies, California, Illinois, International, Regulation, Shuffle Master, Tribal, Wall Street | Comments Off

Rising son goes to Land of Rising Sun; The man who would be emperor

Posted on August 16, 2013 by David McKee

After a calamitous and incoherent venture into the U.S. gaming industry, James Packer has stuck pretty close to the markets he knows best: Australia and Macao. But he’s feeling his oats again, looking toward Manila, Sri Lanka (which I still … Continue reading →

Posted in Genting, International, James Packer, Lawrence Ho, Macau, Melco Crown Entertainment, Regulation, Stanley Ho | Comments Off

Revel’s mixed reviews; All systems ‘go’ in Massachusetts

Posted on August 15, 2013 by David McKee

That controversial “You Can’t Lose” promotion being fielded by Revel Resort is a hit with players even as it’s been panned by pundits. “Whoa, Smarty Jones. Not so fast,” cracked one.) The complexity of the deal is even being credited … Continue reading →

Posted in Atlantic City, Boyd Gaming, Cordish Co., Illinois, International, Marketing, Massachusetts, Mohegan Sun, Neil Bluhm, Penn National, Revel, Sheldon Adelson, Taxes | 2 Comments

Hope for Caesars; Dopes at Boyd

Posted on August 15, 2013 by David McKee

Perhaps the best thing yet to happen for Caesars Entertainment‘s Suffolk Downs project was a gift from the Massachusetts Gaming Commission. The latter’s chairman, Stephen Crosby, said that surrounding-community agreements would play an important role in choosing which operator gets … Continue reading →

Posted in Boyd Gaming, Current, Entertainment, Harrah's, International, Macau, Maryland, Mississippi, The Strip | Comments Off

Pinnacle’s done deal; Collateral damage from Ho Tram

Posted on August 14, 2013 by David McKee

Federal Trade Commission approval removed the last obstacle to Pinnacle Entertainment‘s takeover of Ameristar Casinos. The acquisition closed straightaway. Pinnacle informed investors that it expects to have a Lumiere Place sale done by autumn, meeting the last of the FTC covenants … Continue reading →

Posted in Ameristar, Current, Election, International, Louisiana, Marketing, Massachusetts, MGM Mirage, Missouri, Pinnacle Entertainment, Racinos, Regulation, Tilman Fertitta, Wall Street | 1 Comment

Seller’s market in A.C.?; Adelson’s new opportunity

Posted on August 1, 2013 by David McKee

According to a certain Pinky Kravitz, two new suitors are afoot on the Boardwalk. One of them is Neil Bluhm‘s SugarHouse Casino, which evidently covets the Atlantic Club (a surprisingly downmarket move for Bluhm). It may have to go up … Continue reading →

Posted in Atlantic City, Boyd Gaming, Colony Capital, Current, Donald Trump, Economy, Environment, Foxwoods, Harrah's, International, Internet gambling, Kansas, Maine, Massachusetts, Neil Bluhm, New Hampshire, New York, Pennsylvania, Regulation, Sheldon Adelson, Taxes, Wall Street | Comments Off

Buyer for Trump Plaza found?

Posted on July 26, 2013 by David McKee

That was my first thought upon seeing that online casino 2UP Gaming, based in London and backed by Asian money men, wants into the Boardwalk. Bravo to that and to the $330 million 2UP says it would invest. It shouldn’t … Continue reading →

Posted in Atlantic City, Carl Icahn, Colony Capital, Current, Donald Trump, Harrah's, International, Internet gambling, Wall Street | 1 Comment