Category Archives: Japan

Tribal power; A new contender in Japan

Posted on April 8, 2014 by David McKee

Talking Stick Resort may have only 752 slot machines and 51 blackjack tables but it’s powered an economic bonanza in the Scottsdale, Arizona desert. It’s the focal point of two baseball spring-training facilities (Arizona Diamondbacks and Colorado Rockies), a 36-hole … Continue reading →

Posted in Arizona, Baseball, CityCenter, Election, Harrah's, Japan, Melco Crown Entertainment, Nebraska, Racinos, Tribal | Comments Off

The son also rises; Tight squeeze in Macao

Posted on April 7, 2014 by David McKee

Add James Packer to the list of casino moguls with their eyes on Japan. He’s prepared to commit $5 billion to a resort project in the Land of the Rising Sun. Officials in South Korea, unlike their Japanese brethren, aren’t … Continue reading →

Posted in Atlantic City, Economy, Environment, Harrah's, Internet gambling, James Packer, Japan, Macau, Pennsylvania | Comments Off

Murren on Japan; Blatstein’s big buy

Posted on March 31, 2014 by David McKee

It’s still a long haul until casinos are legalized in Japan, let alone built, but MGM Resorts International CEO Jim Murren is waxing confident. He notes that Japan’s tourism is expected to grow 100% by 2020 and another 50% by … Continue reading →

Posted in California, Foxwoods, Harrah's, Internet gambling, Japan, MGM Mirage, Mississippi, Pennsylvania, The Mob, Tourism | Comments Off

Okada thwarted again; Granite State stalemate

Posted on March 30, 2014 by David McKee

Kazuo Okada‘s Universal Entertainment Corp. has pulled out of a deal to develop a $2 billion casino megaresort in the Philippines. Universal isn’t talking but jilted partner Century Properties Group is less reticent. Planning to contest the divorce, it says … Continue reading →

Posted in Delaware, Harrah's, International, Japan, New Hampshire, Politics, Problem gambling, The Strip | Comments Off

Adelson needs elbow room; Critical mass in Florida

Posted on March 21, 2014 by David McKee

Sixty percent more hotel rooms. That’s what Sheldon Adelson says he needs at Marina Bay Sands and he hopes the government of Singapore will humor him and release the needed land. It’s greatly outperforming other hotels in the market. Last … Continue reading →

Posted in Election, Florida, Genting, Japan, Politics, Regulation, Sheldon Adelson, Singapore, Tribal | Comments Off

Optimism around the industry

Posted on March 13, 2014 by David McKee

Las Vegas‘ premier casino companies have been showing their wares at the J.P. Morgan Gaming, Lodging, Restaurant & Leisure Management Access Forum. Among the pilgrims was Wynn Resorts CFO Matt Maddox, who reported that Wynncore is increasing revenue per available room … Continue reading →

Posted in Atlantic City, Boyd Gaming, International, Internet gambling, Japan, Louisiana, Macau, Massachusetts, Mississippi, Sheldon Adelson, Steve Wynn, The Strip, Tilman Fertitta, Wall Street | Comments Off

Stupid player tricks & other Case Bets

Posted on February 26, 2014 by David McKee

What do you do if the cops try to bust you for having $115K in phony casino chips (allegedly)? Throw them in the nearest body of water, naturally. “Fortunately for police, the chips floated.” Vuong Q. Truong and wife Rosa A. Nguyen supposedly … Continue reading →

Posted in Cordish Co., Cretins, Current, Japan, Lawrence Ho, Macau, Maryland, Melco Crown Entertainment, Mississippi, Penn National, Sheldon Adelson, Stanley Ho | Comments Off

Across the Pacific

Posted on February 25, 2014 by David McKee

Rash or merely aggressive? That’s the question now that MGM Resorts International CEO Jim Murren has vowed to match Las Vegas Sands‘ Japanese investments dollar for dollar — as much as $10 billion. “We will overinvest early on to ensure, … Continue reading →

Posted in Harrah's, history, Japan, Macau, Maryland, MGM Mirage, Ohio, Sheldon Adelson, Steve Wynn, Wall Street | Comments Off

Wild, wild East

Posted on February 24, 2014 by David McKee

In the absence of a strong regulatory apparatus, Maryland Live, at Arundel Mills, is taking matters into its own hands. A 200-strong security force and a Batcave of surveillance technology search for the slightest nuance of untoward conduct. “A number of … Continue reading →

Posted in Atlantic City, Cordish Co., Economy, Japan, Maryland, Sheldon Adelson, Technology | Comments Off

MGM impresses Wall Street

Posted on February 19, 2014 by David McKee

MGM Resorts International didn’t meet Wall Street‘s consensus for the last quarter of 2013, losing eight cents a share instead of earning $0.07 EPS. But analysts were in a forgiving mood. After all, the company had lost $2.50 a share just … Continue reading →

Posted in Atlantic City, CityCenter, Economy, Japan, Maryland, Massachusetts, MGM Mirage, The Strip, Wall Street | Comments Off

Foxwoods on the clock; Japan, land of opportunity

Posted on February 6, 2014 by David McKee

Foxwoods Massachusetts has most of what it needs: money, civic support, a name brand. But it doesn’t have a site. Foxwoods and Fall River have given themselves 30 days to remedy that, a tight timespan, further complicated by the likelihood … Continue reading →

Posted in Cordish Co., Foxwoods, Japan, Maryland, Massachusetts, Pennsylvania, Problem gambling | Comments Off

Momentum builds in Japan

Posted on January 28, 2014 by David McKee

We’ve been hearing about the U.S. casino companies that want to build megaresorts in Japan, as that company gears up for the 2020 Olympic Games. That’s all well and good. But major forces in Japanese industry are putting some elbow … Continue reading →

Posted in Foxwoods, Harrah's, Horseracing, Japan, Massachusetts, Pennsylvania, Tourism | Comments Off

Seeking bargains in Japan, Delaware

Posted on January 22, 2014 by David McKee

Osaka‘s government is entertaining proposals for a $5 billion casino, to be built on landfill — hoping to get ahead of the curve should the federal government approve legalized gambling. “We’d need global casino-operators’ involvement and expertise as the business … Continue reading →

Posted in Delaware, Genting, Harrah's, Japan, Macau, MGM Mirage, Racinos, Taxes | Comments Off

Rampart Casino: 15 years already?

Posted on January 10, 2014 by David McKee

It’s difficult — and sobering — to realize that it’s been 15 years since Swiss Casinos opened The Resort at Summerlin, a costly fiasco now known as Rampart Casino. Certainly, its hoity-toity original owners would have been dismayed beyond measure … Continue reading →

Posted in Current, G2E, Iowa, Japan, North Las Vegas, Penn National, Regulation | Comments Off

A Murren moment

Posted on January 6, 2014 by David McKee

“I don’t think people are going to stay home in their bunny slippers and play video instead of coming to Bellagio.” You have to like Jim Murren‘s refreshing lack of pretension. I’m taking a wait-and-see attitude on the project onrush … Continue reading →

Posted in Economy, Internet gambling, Japan, Macau, MGM Mirage, Singapore, The Strip, Tourism | Comments Off

Adelson undeterred; Winners and losers

Posted on December 23, 2013 by David McKee

I’m not sure which part of this story is more alarming: That Affinity Gaming was the victim of a widespread identity-theft scheme for seven months … or that the company didn’t disclose it until late this year. It certainly makes … Continue reading →

Posted in Affinity Gaming, Atlantic City, California, Dan Gilbert, Detroit, Environment, Florida, Harrah's, Horseracing, International, Internet gambling, Japan, Macau, New York, Ohio, Penn National, Problem gambling, Sheldon Adelson, Singapore, Stanley Ho | Comments Off

Etess, Wynn cross swords & other Case Bets

Posted on December 18, 2013 by David McKee

Mohegan Tribal Gaming Authority CEO Mitchell Etess is A-OK with Massachusetts casino regulation, as he made clear in a recent interview. (Mohegan Sun is vying for a casino license at Suffolk Downs.) “I think everybody who got into this process … Continue reading →

Posted in Alabama, Japan, Massachusetts, Melco Crown Entertainment, New York, Pennsylvania, Regulation, Taxes, Tribal | 1 Comment

Hasta la vista, EuroVegas

Posted on December 13, 2013 by David McKee

His demands having been rejected by the Spanish government, Sheldon Adelson has renounced EuroVegas, his $30 billion grand folly of 12 hotels, six casinos and 18,000 slots in Spain. Considering his hard-nosed stance that the company only concentrate on projects … Continue reading →

Posted in Greenwood Racing, International, Japan, Maryland, Melco Crown Entertainment, MGM Mirage, Penn National, Sheldon Adelson, Wall Street | Comments Off

Rising sun; Falling Poster; Crosby gets funky

Posted on December 5, 2013 by David McKee

Japan‘s ruling Liberal Democratic Party has been stymied in introducing pro-casino legislation in the Diet, thanks to grumbling, naysaying Buddhist coalition partners. But other parties have been building a casino coalition. According to The Straits Times, a “cross-party group of Japanese … Continue reading →

Posted in Current, Internet gambling, Japan, Massachusetts, Politics, Regulation, Slot routes | Comments Off

Any way out for Caesars?

Posted on November 22, 2013 by David McKee

Woodfield Consulting Group has put a “strong sell” recommendation on Caesars Entertainment stock, deeming it “a poor equity investment choice that offers low expected return to equity investors with high speculative risk.” Noting that Caesars has six years’ and $17 … Continue reading →

Posted in Economy, Harrah's, Japan, Maryland, Ohio, The Strip, Wall Street | 5 Comments