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Category Archives: Japan
Greed in Japan; IGT embraces diversity
“Japan Junks it Up.” That was Global Gaming Business‘ teaser for an article on investment-killing measures that have a strong chance of making it into the Liberal Democratic Party‘s casino-implementation bill. Jim Murren might want to think twice about sinking … Continue reading
MGM’s sincerity challenged; Probe continues at Wynncore
“Is this legislature capable of setting a course and sticking with it?” That’s the very legitimate question posed by the editorial board of The Day, with regard to the Lege’s rather addled behavior on whether to stand by the satellite casino … Continue reading
Posted in Election, Foxwoods, Hard Rock International, Harrah's, International, Japan, Macau, MGM Mirage, Mohegan Sun, Politics, Regulation, Sexual misconduct, Singapore, Taxes, Wynn Resorts
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Wynn: What’s in a brand?
More than the trouble (and cost) it takes to replace it, experts conclude. Another reason for keeping the founder’s name on Wynn Resorts is one that he would not find flattering: “I think the impact on Wynn Resorts will be short-lived, … Continue reading
Posted in Atlantic City, Charity, Cretins, Donald Trump, Genting, Japan, Marketing, Massachusetts, Politics, Regulation, Sexual misconduct, Steve Wynn, The Strip, Wall Street, Wynn Resorts
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Wynn: The fallout
It’s still early in the apparent downfall of Steve Wynn but already there’s heated pressure being put on both Democrats and Republicans to disown his largesse. Rep. Karen Handel (R) was out in front, giving $2,700 Wynnbucks to “a charity in … Continue reading
Posted in Architecture, Donald Trump, Galaxy Entertainment, Japan, Macau, Massachusetts, Nevada, Politics, Regulation, Sheldon Adelson, Steve Wynn, Wall Street
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Steve Wynn: Time’s up
Yesterday, the penny dropped on Steve Wynn, as multiple reports of sexual predation made the news. According to the Wall Street Journal, we’re not talking about one or two accusers but “dozens,” over a period of decades. Without diminishing the … Continue reading
Freeman: Hands off!; Copperfield in hot water again
Adam Silver, commissioner of the NBA, has been an early proponent of legalized sports betting. But his zeal has gone a little too far. The league proposes to help itself to an “integrity fee” of $1 out of every $100 … Continue reading
Posted in Geoff Freeman, Harrah's, Japan, Law enforcement, MGM Mirage, Sports, The Strip, Wall Street
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Quote of the Day
“The framework seems to become more restrictive by the day and when coupled with what are likely to be astronomical project costs, could result in some of the biggest operators sitting this one out. In other words, Japan is on … Continue reading
Posted in Japan, Regulation, South Korea, Vietnam
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New York-New York boosts thrill quotient; Seminoles play with fire
As rollercoaster rides go, New York-New York‘s is reassuringly tame. Perhaps in recognition of that, MGM Resorts International is going to kick things up a notch with digital augmentation. According to the Los Angeles Times, “The 3½-minute virtual reality experience … Continue reading
Unlucky Dragon; Gaughan plays Lady Bountiful
Business at the semi-defunct Lucky Dragon casino must have really been sucking wind if it closed six weeks before Chinese New Year, which one would expect to be the property’s sweet spot. Lucky Dragon management is putting a brave face … Continue reading
New York: Turning the page; Cal-Neva is on the clock
‘Wait three years’ is the new rationale coming out of Albany, now that three new casinos in upstate New York have failed to meet Year One revenue projections. Taking the glass-half-full perspective, state Sen. John Bonacic says that the casinos were … Continue reading
Posted in Economy, Genting, Internet gambling, Japan, Lake Tahoe, Massachusetts, Neil Bluhm, New York, Penn National, Politics, Problem gambling, Racinos, Regulation, Sports, Taxes, Tribal
1 Comment
MGM National Harbor rules; Beating the eye in the sky
MGM National Harbor dominated Maryland yet again, garnering 39% of market share and grossing $50.5 million. The balance of revenue continues to creep toward the (punitively taxed) slot side of the casino, so MGM won’t be completely thrilled with November’s … Continue reading
Posted in Architecture, Cordish Co., Donald Trump, Golden Gaming, Japan, Law enforcement, Lawrence Ho, Maryland, Melco Resorts & Entertainment, MGM Mirage, New York, Penn National, Racinos, Regulation, Sports, Steve Wynn, Taxes, The Strip
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Senators have hissy fit; Vegas: Back to normal or not?
With Pennsylvania having joined the roster of Internet-gambling jurisdictions, Sens. Dianne Feinstein (D) and Lindsey Graham (R) are pushing the panic button, hard. In a concession to the reality that the Senate won’t be able to rewrite the Wire Act, … Continue reading
Posted in California, Donald Trump, Economy, Entertainment, Foxwoods, Harrah's, Internet gambling, Japan, Lawrence Ho, Mandalay Bay Massacre, Melco Resorts & Entertainment, MGM Mirage, Mohegan Sun, Nevada, Politics, Steve Wynn, Taxes, The Strip
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Case Bets
Council Bluffs, Iowa, isn’t reacting so well to the revival of a 2007 casino plan by the Ponca Tribe of Nebraska to open in nearby Carter Lake. First off, the proposed site was ostensibly intended for an as-yet-unbuilt tribal medical … Continue reading
Posted in Ameristar, Atlantic City, Harrah's, Iowa, Japan, Mandalay Bay Massacre, MGM Mirage, Regulation, Sports, Taxes, Tribal
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Next stop, Antrim?!?; Murren drops out of casino arms race
Ever heard of Antrim Township in Pennsylvania? Probably not. But state Rep. Paul Schemel thinks it’s a new gaming hot spot. One of his reasons for advocating Antrim is its proximity to Charles Town, West Virginia. Now this is precisely … Continue reading
Posted in Japan, MGM Mirage, Penn National, Pennsylvania, Politics, Problem gambling, Slot routes, The Strip, West Virginia
1 Comment
Penn regroups, Sands expands; Beware the Yakuza
Santa Claus has come early, in the guise of hardworking Deutsche Bank analyst Carlo Santarelli. He’s been so busy profiling gaming’s top companies we wonder when he finds time for sleep. His recent visits have included one to Penn National … Continue reading
Posted in Ameristar, Dining, Environment, Harrah's, Illinois, Indiana, Japan, Macau, Majestic Star, Maryland, Massachusetts, MGM Mirage, Ohio, Penn National, Pennsylvania, Pinnacle Entertainment, Regulation, Sheldon Adelson, Singapore, Steve Wynn, Taxes, The Mob, The Strip, Wall Street, West Virginia
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Ohio defies the calendar; Pennsylvania vote pricks Adelson’s balloon
Ohio gaming revenues powered up 5.5% last month despite a supposedly “unfavorable” calendar (one less weekend day). Except for a flat outcome at Thistledown Racino ($9.5 million), everyone was revenue positive for the month. Even Jack Cleveland snapped out of … Continue reading
Posted in Dan Gilbert, Eldorado Resorts, Genting, Hard Rock International, Internet gambling, Japan, Ohio, Penn National, Pennsylvania, Pinnacle Entertainment, Politics, Racinos, Sheldon Adelson, Singapore, South Korea, Tourism
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Quote of the Day
“Since the dawn of the nuclear age seven decades ago, we have been relying upon cooler heads and strategic doctrine to forestall the unthinkable. But too often those kind of ad hoc measures seem less reassuring than ever.” — Sen. … Continue reading
Posted in Current, Japan, South Korea
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Stratosphere: Sartini takes charge; Dadaist policy at MGM
“It’s more appreciated now than it was 20 years ago,” says Golden Entertainment CEO Blake Sartini of his new trophy property, the Stratosphere. Boy, is he right (as usual). What used to be called “Stupak’s Stump” or the “Tower of … Continue reading
Posted in Donald Trump, Foxwoods, Golden Gaming, Illinois, Japan, Marijuana, MGM Mirage, Mohegan Sun, Pennsylvania, Politics, Sheldon Adelson, Slot routes, Steve Wynn, Taxes, The Strip
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Penn shows Trop little love; Big plans at Caesars
Penn National Gaming‘s quarterly report was about what you’d expect: strength in Ohio, weakness in West Virginia, and negative impacts from Hurricane Nate and the Mandalay Bay massacre. Also, Penn is looking toward the Canada market for expansion. As Deutsche … Continue reading
Posted in Harrah's, International, Japan, Mandalay Bay Massacre, Marketing, Mohegan Sun, Ohio, Penn National, Planet Hollywood, Regulation, South Korea, Technology, The Strip, Wall Street, West Virginia
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Abe, casinos win; Tournament of Rose
In a snap election, Japanese Prime Minister Shinzo Abe and his Liberal Democratic Party posted big gains. The mandate was sufficiently huge to give the LDP outright control over every committee in the Diet. This is a big boost to … Continue reading
Posted in Australia, Crown Resorts, e-sports, Election, Harrah's, James Packer, Japan, Macau, Regulation, Sports, The Crown 18
1 Comment
