Category Archives: Law enforcement

Winning quarter for Wynn

Posted on February 15, 2016 by David McKee

In the current era of managed expectations of all things related to Macao, the 4Q15 report from Wynn Resorts fell into the “better than anticipated” category, with earnings down ‘only’ 17% (superior to Wall Street consensus) and profits just over … Continue reading →

Posted in Economy, Florida, Georgia, Law enforcement, Macau, Melco Crown Entertainment, Nevada, Penn National, Pennsylvania, Regulation, Reno, Seminole Tribe, Sheldon Adelson, Steve Wynn, Texas, The Strip, Wall Street | Comments Off on Winning quarter for Wynn

Another card room busted; Station becomes Red Rock

Posted on January 22, 2016 by David McKee

Scarcely was the ink dry on the American Gaming Association‘s proclamation of improved anti-money-laundering compliance than a plea-bargaining agreement was revealed involving the Normandie Casino, a venerable Gardena, California, card room. According to the Los Angeles Times, the Normandie “failed … Continue reading →

Posted in California, Economy, Geoff Freeman, Internet gambling, Law enforcement, Macau, Massachusetts, MGM Mirage, Neil Bluhm, Pennsylvania, Sheldon Adelson, Station Casinos, Tribal, Wall Street | Comments Off on Another card room busted; Station becomes Red Rock

Moment of truth for DFS; Surprise champion for i-poker

Posted on January 14, 2016 by David McKee

Massachusetts Attorney General Maura Healey has come forth with her much-anticipated set of rules by which daily fantasy sports will be conducted in the Bay State. It’s not definitive yet (a public-comment period is forthcoming) and there may be some … Continue reading →

Posted in Internet gambling, Law enforcement, Massachusetts, Politics, Regulation | Comments Off on Moment of truth for DFS; Surprise champion for i-poker

Wynn Resorts opens its wallet; Further woes for Macao

Posted on January 14, 2016 by David McKee

The most “george” figure in the casino industry last year would have to be Steve Wynn. Rank-and-file employees at Wynn Macau received a month’s salary as an end-of-year bonus. Senior management is ineligible for bonuses. Now, this is part of … Continue reading →

Posted in Economy, International, Law enforcement, Macau, Marketing, Regulation, Stanley Ho, Steve Wynn, Tribal, Wall Street | Comments Off on Wynn Resorts opens its wallet; Further woes for Macao

Gaming forecast: Moderately sunny; Adelson + R-J = bad news

Posted on January 12, 2016 by David McKee

Deutsche Bank analyst Carlo Santarelli hung out along the Las Vegas Strip last week and “found few signs of caution as forward indicators remain favorable in most key areas.” Both New Year’s Eve business and convention calendars for the first … Continue reading →

Posted in Economy, Harrah's, Law enforcement, Louisiana, Macau, MGM Mirage, Sheldon Adelson, Technology, The Strip, Transportation | Comments Off on Gaming forecast: Moderately sunny; Adelson + R-J = bad news

Hope for Atlantic Club; Boffo month for Maryland

Posted on January 6, 2016 by David McKee

Not so fast, says Endeavor AC about yesterday’s report that its purchase of the Atlantic Club was defunct. The would-be purchaser says it has “a very strong and creditable private equity source to finance the acquisition and development of the … Continue reading →

Posted in Atlantic City, Cordish Co., Dan Gilbert, Glenn Straub, Golden Gaming, Harrah's, Japan, Law enforcement, Maryland, Penn National, Pennsylvania, Planet Hollywood, Politics, Problem gambling, Racinos, Revel, Sheldon Adelson, SLS Las Vegas, The Strip, Tourism | Comments Off on Hope for Atlantic Club; Boffo month for Maryland

Malice on the Strip; Tribal foes routed

Posted on December 22, 2015 by David McKee

For people with evil in their hearts, the Las Vegas Strip represents a target-rich environment. Most vulnerable are the pedestrians who clog the sidewalks, prey for all manner of harm. Last weekend, it took the form of a rampaging automobile … Continue reading →

Posted in Arizona, Harrah's, International, Lake Las Vegas, Law enforcement, Politics, The Strip, Tourism, Tribal | Comments Off on Malice on the Strip; Tribal foes routed

‘Jubilee’ axed; DFS banned and reprieved

Posted on December 14, 2015 by David McKee

It was probably a mercy to Ffolliott “Fluff” LeCoque that the Las Vegas showbiz legend died two days before Caesars Entertainment buried a dagger in the heart of Jubilee. LeCoque had been part of the original cast and went on to … Continue reading →

Posted in Entertainment, Florida, Hard Rock International, Harrah's, history, Horseracing, Internet gambling, Law enforcement, New York, Politics, Racinos, Regulation, Seminole Tribe, Taxes, The Strip, Tribal | 1 Comment

Adelson’s Capitol Hill puppet show

Posted on December 11, 2015 by David McKee

Rep. Jason Chaffetz (R) held another kangaroo court on Internet gambling and was in his best Sheldon Adelson-like Luddite form, scoffing at geofencing software. “It’s naive at best to think you can put a wall on the Internet,” said the willfully ignorant … Continue reading →

Posted in Atlantic City, Cretins, Delaware, Harrah's, Internet gambling, Iowa, Law enforcement, Macau, Politics, Regulation, Sheldon Adelson, South Carolina, Technology | Comments Off on Adelson’s Capitol Hill puppet show

Big card room bust in California

Posted on December 11, 2015 by David McKee

Earlier this week, American Gaming Association President Geoff Freeman unveiled a stern new set of anti-money laundering guidelines, lest any casinos out there hadn’t gotten the memo that Uncle Sam means business when it comes to enforcing AML rules. As … Continue reading →

Posted in California, Geoff Freeman, International, Internet gambling, Law enforcement, MGM Mirage, Penn National, Regulation, Steve Wynn, Tribal | Comments Off on Big card room bust in California

Wynn’s big buy; DFS in retreat

Posted on December 9, 2015 by David McKee

Steve Wynn is $63,800,000 lighter in the wallet this morning, after purchasing one million shares of Wynn Resorts on the open market over the last three days. This brings his total stake in the company to slightly more than 11 … Continue reading →

Posted in Internet gambling, Law enforcement, Macau, Pennsylvania, Politics, Racinos, Regulation, Steve Wynn, Warner Gaming | Comments Off on Wynn’s big buy; DFS in retreat

Message from the AGA

Posted on December 3, 2015 by David McKee
Posted in Animals, Geoff Freeman, Law enforcement | Comments Off on Message from the AGA

No Great Pumpkin for Las Vegas; Further woe for Macao

Posted on December 1, 2015 by David McKee

It was Las Vegas Strip casinos’ bad luck to have Oct. 31 fall on a Saturday, meaning that revenues (particularly from slots) from that weekend won’t be reported until the end of November. Consequently, Strip revenues fell 5% in October, … Continue reading →

Posted in Boulder Strip, Dan Gilbert, Detroit, Dining, Downtown, Economy, Galaxy Entertainment, Lake Tahoe, Laughlin, Law enforcement, Macau, Maryland, Melco Crown Entertainment, MGM Mirage, North Las Vegas, Reno, Sheldon Adelson, Stanley Ho, Steve Wynn, Wall Street | 1 Comment

DFS sued again; Penn disappoints, MGM excels

Posted on November 24, 2015 by David McKee

A Florida attorney seems to have found the soft underbelly of the daily fantasy sports industry: its investors. Ervin Gonzales, representing two Sunshine State punters, has filed a class-action lawsuit that names among its defendants all the major sporting leagues, … Continue reading →

Posted in Florida, Internet gambling, Law enforcement, Massachusetts, MGM Mirage, Penn National, Regulation, Sports | Comments Off on DFS sued again; Penn disappoints, MGM excels

Quote of the Day

Posted on November 24, 2015 by David McKee

“They may have to give up daily games and be limited to real athletic events that take place on at least two days.  And they will certainly be required to be regulated. But there is too much money at stake to … Continue reading →

Posted in Internet gambling, Law enforcement, Regulation | Comments Off on Quote of the Day

Impatience in Philly; Big sting at Caesars

Posted on October 29, 2014 by David McKee

It’s been eight months since the Pennsylvania Gaming Control Board held suitability hearings for awarding Philadelphia‘s second and final casino license. Those deliberations seem to have receded in the hazy yon of the past. It’s a situation that’s not sitting well … Continue reading →

Posted in Cannery Casino Resorts, Harrah's, Internet gambling, Law enforcement, Macau, Penn National, Pennsylvania, Racinos, Regulation | Comments Off on Impatience in Philly; Big sting at Caesars