Category Archives: Macau

Culinary booted from Boulder

Posted on August 11, 2020 by David McKee

We have obtained a memo on Boulder Station letterhead that reads, in part, “Yesterday [August 6] we learned that a majority of Culinary Team Members signed a petition saying they DO NOT wish to be represented by the Culinary Workers … Continue reading →

Posted in Architecture, Culinary Union, Derek Stevens, Downtown, Health, Las Vegas Sands, Macau, MGM Resorts International, Sports, Station Casinos, Tourism, Wall Street | 1 Comment

New hope for Station; Raider Nation exiled

Posted on August 5, 2020 by David McKee

Station Casinos reported second-quarter results yesterday and JP Morgan analyst Joseph Greff came away “encouraged” and “impressed.” He wrote of “less bad results in April and May and much better positive [cash flow] generation in June.” How so? In its … Continue reading →

Posted in China, Economy, FanDuel, Golden Gaming, Health, IGT, Las Vegas Sands, Macau, Massachusetts, MGM Resorts International, Penn National, Politics, Sports, Sports betting, Station Casinos, Terry Caudill, The Strip, Tourism, Wall Street, Wynn Resorts | 1 Comment

MGM: The lion mews; AGA: Betrayal by Miller

Posted on July 31, 2020 by David McKee

Second-quarter results for MGM Resorts International are in and the company got hammered pretty badly. Las Vegas Strip revenues fell 90% to $151 million, regional operations dropped 90% to $89 million and Macao grossed a feeble $33 million, down 95%. … Continue reading →

Posted in AGA, Boyd Gaming, Caesars Entertainment, Churchill Downs, CityCenter, Conventions, Cordish Co., Culinary Union, Downtown, Economy, Golden Nugget, Health, Horseracing, Illinois, Macau, Massachusetts, MGM Resorts International, Nevada, Ohio, Penn National, Pennsylvania, Racinos, Real Estate, Sahara, Sports betting, The Strip, Tribal, Wall Street | 1 Comment

“Extreme” pessimism in Las Vegas; The D pisses for safety

Posted on July 23, 2020 by David McKee

Writing off the 2Q20 results as “less than relevant,” JP Morgan analyst Joseph Greff was guardedly optimistic about Las Vegas Sands, even though management’s conference call “shed little light on the path of recovery in Macau SAR, Singapore or Las … Continue reading →

Posted in China, Churchill Downs, Derek Stevens, Donald Trump, Downtown, Economy, Health, Las Vegas Sands, Macau, Maine, MGM Resorts International, Penn National, Sheldon Adelson, Singapore, The Strip, Tourism, Wall Street, Wynn Resorts | 1 Comment

Sisolak victimizes the vulnerable

Posted on July 21, 2020 by David McKee

During the Great Recession, then-Gov. Jim Gibbons (R, above) committed a depraved act by raiding Nevada‘s problem-gambling fund to plug some holes in the state budget. Not to be outdone, Gov. Steve Sisolak (D) is following in Midnight Jim’s footsteps. … Continue reading →

Posted in AGA, Baseball, Caesars Entertainment, California, Card rooms, Culinary Union, Genting, Health, history, Internet gambling, Jim Murren, Macau, MGM Resorts International, Midnight Jim Gibbons, Nevada, Politics, Problem gambling, Real Estate, Regulation, Scientific Games, Sports betting, Steve Wynn, Tribal | 2 Comments

Casinos unleash Culinary’s wrath

Posted on July 20, 2020 by David McKee

Las Vegas‘ casino industry seems to be behaving counterintuitively, reopening casinos and hotels (Vdara is the latest) at a time when visitor demand is softening. JP Morgan analyst Joseph Greff reports today that, for the July 11-18 period, Clark County … Continue reading →

Posted in Arizona, Caesars Entertainment, CityCenter, Cosmopolitan, Culinary Union, Economy, Eldorado Resorts, Florida, Health, Hooters, International, Iowa, Lake Tahoe, Las Vegas Sands, Louisiana, Macau, Mississippi, Missouri, Nevada, Paragon Gaming, Politics, Sports, Station Casinos, Wall Street, Westgate LV | 2 Comments

Atlantic City: The fix was in

Posted on July 20, 2020 by David McKee

In a sham ritual (only two of five members were present), the New Jersey Casino Control Commission green-lit the Eldorado Resorts takeover of Caesars Entertainment. Effectively rebuking the recommendations of the Division of Gaming Enforcement, the two commissioners allowed deed … Continue reading →

Posted in Atlantic City, Caesars Entertainment, China, Diversity, Donald Trump, Eldorado Resorts, Election, Hard Rock International, Health, Las Vegas Sands, Macau, Ocean Resort, Regulation, Twin River, Unite-Here | 4 Comments

Cosmofusion; MGM Springfield wants new deal

Posted on July 16, 2020 by David McKee

There are some mighty mixed signals coming out of The Cosmopolitan of Las Vegas. The megaresort informed its thousands of employees that no layoffs are planned. However, it wrote the state that “The layoff and furloughs which began on or … Continue reading →

Posted in Boyd Gaming, Cosmopolitan, Derek Stevens, Downtown, Economy, Health, Louisiana, Macau, Maine, Massachusetts, Melco Resorts & Entertainment, MGM Resorts International, Mississippi, Pansy Ho, Penn National, Sociedade de Jogos de Macau, Stanley Ho, Tribal, Wall Street | 1 Comment

Caesars gets wrist slapped in Atlantic City

Posted on July 16, 2020 by David McKee

Casino developers with eyes for Atlantic City just got their biggest break in years—or at least since the demise of Trump Taj Mahal. Assuming the Eldorado Resorts takeover of Caesars Entertainment goes through (and there’s no reason to believe otherwise), … Continue reading →

Posted in Atlantic City, Caesars Entertainment, Dining, Donald Trump, Eldorado Resorts, Health, International, Louisiana, Macau, MGM Resorts International, Nevada, Penn National, Regulation, Security, Slot routes, The Strip, Twin River | 1 Comment

Las Vegas: The first shall be last

Posted on July 15, 2020 by David McKee

Don’t stay up late waiting for business in Las Vegas to return to “normal” levels. Sin City is uniquely vulnerable to downturns in the U.S. economy (think of the Great Recession) and a trailing indicator of gambling’s health. The prime … Continue reading →

Posted in Alabama, Aristocrat, Atlantic City, Boulder Strip, Boyd Gaming, China, Conventions, Downtown, Economy, Eldorado Resorts, Florida, G2E, Hard Rock International, Health, Las Vegas Sands, LVCVA, Macau, Melco Resorts & Entertainment, Ohio, Penn National, Technology, The Strip, Transportation, Wall Street, Wynn Resorts | 1 Comment

Gaming the system is easy

Posted on July 1, 2020 by David McKee

by Andrew Fenton If you’re trying to get from Point A to Point B without getting caught by the authorities, you’re likely to head for the back roads where there are fewer police than on the highway. For the same … Continue reading →

Posted in Canada, International, Internet gambling, Law enforcement, Macau, Money laundering, Technology | Comments Off on Gaming the system is easy

Dodd’s dud

Posted on June 22, 2020 by David McKee

An attempt to please all major players in the California gambling industry is dead in the Golden State Lege. Sponsor state Sen. Bill Dodd (D) tried to appease card rooms by offering them table games and positioning mobile sports betting. … Continue reading →

Posted in Australia, California, Internet gambling, Macau, MGM Resorts International, Politics, Sports betting, Tribal | 2 Comments

Upbeat at Churchill Downs

Posted on June 18, 2020 by David McKee

JP Morgan analysts met virtually with Churchill Downs brass, including CEO Bill Carstanjen. The news was good to great. First things first, the Kentucky Derby is expected to be run with spectators (CHDN execs are keeping an eye on what … Continue reading →

Posted in Atlantic City, Churchill Downs, Dan Lee, Delaware, Dining, e-sports, Full House Resorts, Horseracing, Illinois, Kentucky, Macau, Maine, MGM Resorts International, Mississippi, Pennsylvania, Politics, Regulation, Rhode Island, Sports, Sports betting, Steven Witkoff, Taxes, The Strip, Twin River, Wall Street | 1 Comment

NBA odds sizzle; Stanley Ho’s revenge

Posted on June 8, 2020 by David McKee

While the expansion of the NBA playoff field to 22 teams fiddled with the odds, the favorites to win remain the same: the Los Angeles Clippers, Los Angeles Lakers and Milwaukee Bucks. The league’s plan is to resume play July … Continue reading →

Posted in AGA, California, Economy, Florida, Louisiana, Macau, MGM Resorts International, Mississippi, Pansy Ho, Politics, Regulation, Sociedade de Jogos de Macau, Sports, Sports betting, Stanley Ho, The Strip, Tribal | 2 Comments

Atlantic City gets good news; Stanley Ho canonized

Posted on June 2, 2020 by David McKee

July 4 could spell independence for Atlantic City casinos, judging by recent statements from New Jersey Gov. Phil Murphy (D). In a radio interview he said, “It’s probably still too early to give you a very specific answer but there’s a … Continue reading →

Posted in Atlantic City, Boyd Gaming, Derek Stevens, Health, International, Internet gambling, Iowa, Macau, Marketing, MGM Resorts International, Missouri, New Jersey, Ohio, Problem gambling, Regulation, Stanley Ho, Twin River, Wall Street | 1 Comment

Nevada ekes out slim April; Pansy Ho takes charge

Posted on May 29, 2020 by David McKee

Yes, Virginia, there was gaming revenue in Nevada last month, although the casinos were closed. Mobile sports wagering and online poker did the trick, plus expired slot tickets, although the amount realized from the latter is described as “immaterial.” Most … Continue reading →

Posted in Atlantic City, Boyd Gaming, Culinary Union, Downtown, Economy, Health, Jim Murren, Lawrence Ho, Macau, Melco Resorts & Entertainment, MGM Resorts International, Nevada, Pansy Ho, Regulation, Sociedade de Jogos de Macau, Sports betting, Stanley Ho, The Strip, Tourism, Transportation, Wendover | 2 Comments

Sisolak gets sick; Stanley Ho dies; Culinary discontent

Posted on May 27, 2020 by David McKee

Yesterday’s big announcement about casino reopenings was postponed and the off-the-cuff reaction must have been something like ‘Uh-oh. Coronavirus cases are up again.’ Not hardly. According to Gov. Steve Sisolak (D), “we continue to see a consistent and sustainable downward … Continue reading →

Posted in Atlantic City, Boyd Gaming, Culinary Union, Hawaii, Health, history, Macau, MGM Mirage, New Jersey, Pansy Ho, Regulation, Sociedade de Jogos de Macau, Stanley Ho, The Mob | 1 Comment

New cop on the beat; Are we ready for some football?

Posted on May 21, 2020 by David McKee

There’s a new sheriff in town. Credit Suisse analyst Benjamin Chaiken made his debut today, issuing a sweeping series of reports, covering a number of tourism sectors. Let’s cut to the chase: “This is an unprecedented time for the sector, … Continue reading →

Posted in Caesars Entertainment, Economy, Eldorado Resorts, Entertainment, Health, IGT, Las Vegas Sands, Macau, Real Estate, Scientific Games, Sociedade de Jogos de Macau, Sports, Sports betting, The Strip, Wall Street, Wynn Resorts | 1 Comment

Boyd comes clean; Penn Nat’l “upbeat”

Posted on May 20, 2020 by David McKee

“Boyd Clean” has been unveiled by eponymous Boyd Gaming and while nothing in it will come as a shock, it shows the company has been closely following what other companies are doing in terms of safety precautions. You’ll receive a … Continue reading →

Posted in Boyd Gaming, Cosmopolitan, Dining, Economy, FanDuel, Health, Illinois, Las Vegas Sands, Macau, Maine, Marketing, Maryland, Massachusetts, MGM Resorts International, Mississippi, Missouri, Ohio, Penn National, Politics, Regulation, Resort fees, Sports betting, Wall Street | Comments Off on Boyd comes clean; Penn Nat’l “upbeat”

“Green shoots” in gaming; Mega-Jottings

Posted on May 18, 2020 by David McKee

According to the American Gaming Association, 82 of 989 casinos in the United States have reopened, many of them in Louisiana starting today. But don’t take our word for it. Use the AGA’s Coronavirus tracker, which keeps you abreast of casino … Continue reading →

Posted in AGA, Alabama, Arizona, Arkansas, Atlantic City, Boyd Gaming, Caesars Entertainment, California, Conventions, Detroit, Dining, GLPI, Golden Nugget, Health, Illinois, Iowa, Louisiana, LVCVA, M Resort, Macau, Marketing, MGM Resorts International, Michigan, Mississippi, Missouri, Ohio, Oklahoma, Penn National, Politics, Resort fees, Singapore, South Dakota, Sports, Sports betting, Station Casinos, Taxes, The Strip, Tribal, Wynn Resorts | 1 Comment