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Category Archives: International
One Angry Man; MGM expansion bodes well
Y’know, if I was reporting a 120% profit increase in 2Q13, I might stop and enjoy the moment. I certainly wouldn’t choose that moment to be a dick. Obviously, I am not Sheldon Adelson. Proffering evidence that his second infancy … Continue reading
Posted in Current, Economy, Harrah's, International, Macau, Maryland, Massachusetts, MGM Mirage, Penn National, Sheldon Adelson, Steve Wynn, Tourism, Wall Street
1 Comment
More Trop turmoil; Adelson’s new enforcer; Hart vindicated
That Alex Yemenidjian! He just can’t keep the Tropicana Las Vegas out of the headlines — and not in a good way. It’s kicking The One Group out, taking over Bagatelle Beach Club and converting into a by-invitation-only venue for … Continue reading
Posted in Alex Yemenidjian, Entertainment, IGT, International, MGM Mirage, Regulation, Sheldon Adelson, Technology, The Strip
Comments Off on More Trop turmoil; Adelson’s new enforcer; Hart vindicated
Men of La Mancha; Delaware: Taxation without benefit
While the attempted boycott of his Venelazzo poker rooms fizzles, Sheldon Adelson continues to look overseas. However, his EuroVegas will be beaten to the punch, or so it appears. Rival project BCN World has the jump on him, at least … Continue reading
Wishful thinking, Ruffin-style
Only in Phil Ruffin‘s wildest imagination do members of Great Britain‘s royal family patronize Treasure Island, fast becoming one of the douchiest properties on the Strip.
Posted in Current, International, Phil Ruffin, The Strip
2 Comments
Massachusetts: Penn’s back in; New market for Adelson?
When the city of Springfield finally stopped fence-sitting and decided against going with Penn National Gaming, I knew it was only a matter of time before Penn emerged somewhere else in Massachusetts. Boy, has it ever. Operating with speed and … Continue reading
Posted in Cordish Co., Current, Environment, Hard Rock International, International, Lake Tahoe, Massachusetts, Neil Bluhm, Penn National, Politics, Racinos, Regulation, Sheldon Adelson, Steve Wynn, Taxes, Tropicana Entertainment
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Springfield: MGM wins again; Barton: Congressman or con artist?
As predicted, voter turnout was low but a victory is a victory, and MGM Resorts International went home a winner yesterday. Springfield voters ratified an agreement between MGM and the city, 58% to 42%. Scarcely had the last vote been … Continue reading
Caesars: You only buy twice; To Russia with Ho; Land in (dis)trust
Do you already own stock in Caesars Entertainment? Congratulations. Thanks to the Nevada Gaming Control Board, you will have an opportunity to pay a second time for some of Caesars’ assets. Although it hopes to raise $1.2 billion from the … Continue reading
Posted in Current, Florida, Harrah's, International, Internet gambling, Lawrence Ho, Macau, Maryland, Ohio, Planet Hollywood, Regulation, Tribal, Wall Street
2 Comments
Massachusetts: It’s where the action might be; Where there’s smoke, there’s Sheldon
Update/Correction: I’m reliably informed that dog racing (see below) is illegal in Massachusetts and will remain so, praise be. Also, Neil Bluhm is now wooing Millbury for a slot-parlor site. Except for Raynham Park, all slot-parlor applicants are under the … Continue reading
Accord in Kentucky; Atlantic City on the move; James Packer’s comeback
But there are still some stirrings of activity on the casino front. For starters, Bwin.Party has agreed to fork over $15 million to Kentucky. According to the company the payment “resolves the only remaining litigation … that stems from our … Continue reading
Posted in Atlantic City, Boyd Gaming, California, Cirque du Soleil, Colony Capital, Current, Entertainment, International, Internet gambling, James Packer, Kentucky, MGM Mirage, Regulation, Station Casinos, Taxes, The Strip, Tribal
Comments Off on Accord in Kentucky; Atlantic City on the move; James Packer’s comeback
Jumped, pushed or just fed up?
All of a sudden there’s a spate of turnover in the gaming industry. The ongoing verbal meltdown of Paula Deen was going to have to force Caesars Entertainment to take some form of action, particularly if it wants to preserve … Continue reading
Posted in California, Cretins, Current, Dining, Florida, Genting, Harrah's, Illinois, Indiana, International, Mississippi, Sheldon Adelson, Tribal, Wall Street
3 Comments
Revel gets the memo; Sheldon Adelson knows what’s good for you
Wall Street really hates it when casinos buy business with “promotional allowances” (read: comps) but sometimes — and especially when you’re Revel Hotel-Casino — there’s no choice. In marketing policies as new as its expanded nomenclature, Revel is acknowledging its … Continue reading
Vegas: Bullishness is back; Getting high at the Trop
While we’re still a few years from seeing Resorts World Las Vegas come to fruition, in the meantime, Genting Group would like to tease our interest. It’s asking Clark County for permission to build a couple of “preview centers” on … Continue reading
For sale: One mall, slightly used; Sheldon’s big buyback
Buried at the bottom of a J.P. Morgan analyst rep0rt on meetings with MGM Resorts International executives was a real corker: “[W]we would not be surprised to see MGM look to monetize some of CityCenter’s asset base, for example Crystals, … Continue reading
Posted in CityCenter, Current, Economy, Entertainment, International, Macau, MGM Mirage, Sheldon Adelson, The Strip, Tourism, Wall Street
Comments Off on For sale: One mall, slightly used; Sheldon’s big buyback
Adelson’s troubles mount; Rage at Wynncore
Las Vegas Sands has been losing one court case after another, whether in Macao or at home in Las Vegas. But the sands really hit the fan today with the revelation that Sheldon Adelson‘s company is under the scrutiny by … Continue reading
Posted in Cretins, Current, International, LVCVA, Macau, Regulation, Sheldon Adelson, Steve Wynn, The Strip
1 Comment
Don’t tell Sheldon!; East Coast misadventures
As EuroVegas appears on the verge of collapse, recent bulletins pile another indignity upon Sheldon Adelson. When Barcelona‘s BCN World wanted to add a casino, it reached 3/4 of the way around the globe to recruit … Melco Crown Entertainment … Continue reading
Wall Street visits Vegas: Wynn, Sands & MGM
Like the pig in a ham-and-egg breakfast, Deutsche Bank is committed to Las Vegas, while many of its brethren (like the chicken) merely hold an interest. However, DB’s $4 billion grubstake fortunately does not preclude analyst Carlo Santarelli from dropping … Continue reading
Posted in Cosmopolitan, Current, Economy, Entertainment, International, Macau, Marketing, Maryland, Massachusetts, Pennsylvania, Regulation, Sheldon Adelson, Steve Wynn, Wall Street
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Bad day for Okada; Good month for Macao
It’s back to the starting point for Kazuo Okada, controversial former business partner of Steve Wynn and CEO of Universal Entertainment Corp. The latter’s attempt to enter the Philippines casino market (left) fell apart along with a deal with Robinsons … Continue reading
Posted in Current, Economy, International, Macau, Melco Crown Entertainment, MGM Mirage, Regulation, Stanley Ho, Steve Wynn
Comments Off on Bad day for Okada; Good month for Macao
Illinois: Not so fast!; Adelson pursues world domination
It really looked like the fix was in, the deal was done and existing casino operators in Illinois were about to thrown to the slaughter by legislators hungry for licensing fees. But the wheels of the grand plan are coming … Continue reading
Posted in Current, Election, Illinois, International, Macau, Neil Bluhm, Penn National, Politics, Regulation, Sheldon Adelson, Slot routes, Taxes, The Strip, Tourism, Wall Street
1 Comment
New Maryland casino a hit; Casino lobbying a flop; Next: Sands Markham?
A thousand people waiting to get into a casino on opening day would be nothing at all in Las Vegas. But at Maryland‘s penultimate casino, Rocky Gap Resort, it’s a positive omen, especially since the mini-sino has but 10 tables … Continue reading
Posted in Atlantic City, Current, International, Internet gambling, Lyle Berman, Marketing, Maryland, Politics, Regulation, Sheldon Adelson, Singapore, Sports, Tribal
Comments Off on New Maryland casino a hit; Casino lobbying a flop; Next: Sands Markham?
Christie’s big bet; New Hampshire’s big blunder; Nevada’s big bully
New Jersey Gov. Chris Christie (R) is banking on $180 million in Internet casino revenue to make his budget work. That might be a little off — if by “little” you mean 80%. Online wagering could bring in a comparatively … Continue reading
