Category Archives: Macau

Eldorado strong, Penn stronger; Caesars screws you

Posted on May 3, 2019 by David McKee

Were it not for inclement weather, Eldorado Resorts would have exceeded Wall Street’s consensus $172 million cash-flow prediction by $8 million for 1Q19, not come up $5 million short. For instance, Reno (pictured) had snow in 24 of February’s 28 days … Continue reading →

Posted in Arizona, Atlantic City, Caesars Entertainment, Colorado, Cordish Co., Cretins, Culinary Union, Detroit, Dining, Economy, Eldorado Resorts, Florida, Hard Rock International, Illinois, Internet gambling, Iowa, Macau, Massachusetts, MGM Resorts International, Mississippi, Penn National, Pennsylvania, Pinnacle Entertainment, Racinos, Regulation, Reno, Sports betting, Station Casinos, Tribal, Wall Street, West Virginia, Wynn Resorts | Comments Off

The unkindest cuts of all

Posted on May 3, 2019 by David McKee

Apparently Las Vegas casinos—and specifically those of MGM Resorts International—have not learned from the ill-will generated by resort fees and paid parking. Now, as discovered by Scott Roeben, MGM is instigating an insidious “surge pricing” for sundries like water and … Continue reading →

Posted in Caesars Entertainment, Churchill Downs, Entertainment, Genting, Horseracing, Japan, Las Vegas Sands, Macau, MGM Resorts International, Resort fees, Singapore, Sociedade de Jogos de Macau, The Strip | 1 Comment

Up and down the Strip; Land of the not-so-rising Sun

Posted on April 30, 2019 by David McKee

As a determination on its suitability in Massachusetts comes down to the wire (and opening date of Encore Boston Harbor is set for June 23), Wynn Resorts is trying to reap some positive karma. It has abandoned its pay-for-parking policy. … Continue reading →

Posted in Caesars Entertainment, Derek Stevens, Downtown, Economy, Entertainment, Japan, Macau, Massachusetts, MGM Resorts International, New Jersey, Resort fees, Sports, Sports betting, The Strip, Wall Street, Wynn Resorts | Comments Off

Nevada: Strip weak, locals strong; Busing it to Macao

Posted on April 25, 2019 by David McKee

Las Vegas Strip gambling revenues were down 4% last month to $552 million. Some of that is attributable to an impossible baccarat comparison. In March 2018, baccarat win was up 118%. Last month it was down 56% on 43% less … Continue reading →

Posted in Animals, Architecture, Arkansas, Australia, Boulder Strip, Downtown, Lake Tahoe, Laughlin, Lotteries, Macau, Mesquite, Nevada, New Mexico, North Las Vegas, Reno, South Korea, Sports betting, The Strip, Tourism, Transportation, Tribal | 1 Comment

Nevada’s #1, not in a good way

Posted on April 23, 2019 by David McKee

WalletHub has been crunching the numbers again and come to the conclusion that Nevada is America‘s most-gaming addicted state. (Utah is the least, while the Silver State is followed by South Dakota, Montana, Mississippi and Oregon.) Casino-rich Florida was an incredibly … Continue reading →

Posted in Australia, Connecticut, Crown Resorts, Delaware, Florida, Hawaii, Illinois, International, Kansas, Kentucky, Macau, Massachusetts, Michigan, Minnesota, Mississippi, Nebraska, Nevada, New Jersey, New Mexico, New York, Oklahoma, Pennsylvania, Problem gambling, Rhode Island, Slot routes, South Dakota, Virginia, Washington State, West Virginia | Comments Off

Cosmopolitan on the block (again)

Posted on April 18, 2019 by David McKee

Blackstone Group‘s tenure at The Cosmopolitan of Las Vegas will be remarkably brief (although nothing in the gaming industry will ever match the extreme brevity of the abortive Wynn Resorts/Crown Resorts merger). Bloomberg reports that Blackstone is exploring “strategic options” … Continue reading →

Posted in AGA, Caesars Entertainment, CityCenter, Cosmopolitan, Downtown, history, Las Vegas Sands, Macau, Marketing, Melco Resorts & Entertainment, MGM Resorts International, Politics, Sports betting, Tamares Group, The Strip, TV, Wall Street, Wynn Resorts | Comments Off

Across the Pacific

Posted on April 17, 2019 by David McKee

In a nodal moment for Macao, mass-market gambling revenue constituted the majority of monies collected during 1Q19. This is the first time that mass-market winnings have surpassed VIP ones. VIP baccarat revenue was down 16% while mass-market win was up … Continue reading →

Posted in California, Environment, Japan, Kazuo Okada, Lawrence Ho, Macau, Melco Resorts & Entertainment, Midnight Jim Gibbons, Philippines, Problem gambling, Technology, Tourism | Comments Off

Casino expansion in Indiana; Wynn nixes Crown deal

Posted on April 11, 2019 by David McKee

Mike Pence having gone to Washington, D.C., we miss his existential debates over what does and does not represent an “expansion” of gambling in Indiana. Doubtless he would come down on the “does” side of a state House proposal to—rather than move … Continue reading →

Posted in Caesars Entertainment, Crown Resorts, Entertainment, Indiana, International, Law enforcement, Macau, Majestic Star, Philippines, Politics, Regulation, The Strip, World Series of Poker, Wynn Resorts | Comments Off

Quote of the Day

Posted on April 9, 2019 by David McKee

“Everyone else in the gambling industry thought it was the dumbest idea ever. Now all the naysayers would cut off their right arm to get a piece of land there. I’ve got a warehouse full of arms, and a couple of … Continue reading →

Posted in Macau, Sheldon Adelson | 1 Comment

Wynn bids for Crown Resorts; MGM garners lofty accolades

Posted on April 9, 2019 by David McKee

In the latest episode from this winter’s senseless round of buy-or-be-bought transactions, Wynn Resorts has tendered an offer to Crown Resorts. Presumably the fun has gone out of tying James Packer‘s shoelaces together. The transaction, while would transform Wynn into … Continue reading →

Posted in Atlantic City, Australia, Carl Icahn, Dan Gilbert, Environment, Galaxy Entertainment, Hard Rock International, history, Japan, Las Vegas Sands, Macau, Massachusetts, Melco Resorts & Entertainment, MGM Resorts International, Ohio, Sexual misconduct, Steve Wynn, Unite-Here, Wall Street, Wynn Resorts | 1 Comment

Case Bets

Posted on March 26, 2019 by David McKee

It’s try, try again time for New Hampshire‘s Legislature, as it attempts to enact casino gambling. The state senate has narrowly passed a casino-enabling bill but it still needs to go through the lower house and receive the signature of … Continue reading →

Posted in Arkansas, DFS, Entertainment, history, Las Vegas Sands, Macau, Massachusetts, MGM Resorts International, New Hampshire, Politics, Racinos, Regulation, Sports betting | Comments Off

MGM: The first shall be last … or something like that

Posted on March 20, 2019 by David McKee

Closing out the J.P. Morgan Gaming & Lodging Management Access Forum were execs from MGM Resorts International. The company’s four priorities were stated as 1) drive organic growth, 2) bring new properties up to speed in terms of revenue performance, 3) … Continue reading →

Posted in Caesars Entertainment, Culinary Union, International, Internet gambling, Japan, Las Vegas Raiders, Macau, Mandalay Bay Massacre, Massachusetts, MGM Resorts International, Palms, Reno, Resort fees, Sports betting, Station Casinos, The Strip, Transportation, Wall Street | 1 Comment

Eldorado explores Caesars takeover; MGM says ‘Play ball!’

Posted on March 19, 2019 by David McKee

Since corporate mergers, once begun, develop a momentum all their all own, it was inevitable that someone would step forward to explore a purchase of Caesars Entertainment, regardless of whether it is a good idea, risking a second bankruptcy. In … Continue reading →

Posted in Architecture, Atlantic City, Baseball, Caesars Entertainment, Eldorado Resorts, Genting, Internet gambling, Japan, Las Vegas Sands, Law enforcement, Macau, Marketing, Melco Resorts & Entertainment, MGM Resorts International, New York, Politics, Sheldon Adelson, Sports, Tilman Fertitta | Comments Off

Gaming speaks: Wynn, Sands, Scientific

Posted on March 15, 2019 by David McKee

Wynn Resorts exuded overconfidence in a meeting with JP Morgan analysts. It’s already booking revenue from Encore Boston Harbor without knowing it’s going to hang onto the license. It also expects new revenue to be driven by the debut of … Continue reading →

Posted in Caesars Entertainment, Carl Icahn, Illinois, International, Japan, Las Vegas Sands, Macau, Massachusetts, Pennsylvania, Scientific Games, Singapore, South Korea, The Strip, Tourism, Transportation, Wall Street, Wynn Resorts | Comments Off

Macao: Waiting to exhale; Trump gets favorable odds

Posted on March 15, 2019 by David McKee

Macao‘s government has announced—in what is not exactly a surprise—that it will extend the MGM China and Sociedade de Jogos de Macau concessions until June 26, 2022. This not only creates a level playing field for all concessionaires, it gives … Continue reading →

Posted in Donald Trump, Economy, Election, International, Macau, MGM Resorts International, Penn National, Pennsylvania, Service, Sociedade de Jogos de Macau | Comments Off

Business as usual

Posted on March 8, 2019 by David McKee

Ohio casinos grossed $155 million last month, a 5.5% increase. Hollywood Toledo was 2.5% to $16 million and Hollywood Columbus rose 3% to $19 million. Hollywood Dayton was also up 3% to $9 million. Hollywood Mahoning Valley leapt 7% to $10 … Continue reading →

Posted in Ameristar, Animals, Boyd Gaming, Caesars Entertainment, California, Cantor Gaming, Churchill Downs, Dan Gilbert, Eldorado Resorts, Full House Resorts, Horseracing, Indiana, Japan, M Resort, Macau, Majestic Star, Massachusetts, MGM Resorts International, Movies, Ohio, Penn National, Regulation, Sports betting, The Strip, Wall Street, William Hill, Wynn Resorts | Comments Off

Caesars: Icahn’s web of influence

Posted on March 5, 2019 by David McKee

We continue to learn more about Caesars Entertainment‘s capitulation to Carl Icahn. In addition to having the prerogative of naming his own CEO, if that fails, Icahn can add a fourth member to the Caesars board of directors. One of … Continue reading →

Posted in Affinity Gaming, Caesars Entertainment, Carl Icahn, Eldorado Resorts, G2E, Macau, Technology, Wall Street | Comments Off

PGA gives itself a mulligan; MGM sharpens the axe

Posted on March 1, 2019 by David McKee

Despite having cried out for federal regulation of sports betting, the PGA Tour is willing to look the other way if its players opt to be sponsored by the gaming industry. “Because of the Supreme Court’s decision last year, and because … Continue reading →

Posted in Charity, Culinary Union, Galaxy Entertainment, International, Japan, Las Vegas Sands, Law enforcement, Macau, Melco Resorts & Entertainment, MGM Resorts International, Sports, Sports betting, The Strip, Virginia, Wall Street, Wynn Resorts | Comments Off

Adelson ailing; Coup d’etat at Caesars

Posted on March 1, 2019 by David McKee

Last night, KTNV-TV reported that James Jimmerson, an attorney for Sheldon Adelson, had declared the mogul’s condition to be “dire.” Subsequently it was disclosed that Adelson has been diagnosed with cancer and hasn’t been to his office since Christmastime. The … Continue reading →

Posted in Baseball, Caesars Entertainment, Carl Icahn, Current, Entertainment, International, Japan, Las Vegas Sands, Macau, MGM Resorts International, Politics, Sheldon Adelson, Sports, The Strip, Tourism | Comments Off

SJM Fok-ed up; Virginia approves casinos

Posted on February 28, 2019 by David McKee

Lucina Laam may be the most important person in Macao‘s turbulent casino history. As Wife #2 of Stanley Ho she bore Daisy Ho, Pansy Ho, Lawrence Ho and two other daughters not involved in the gaming biz. Now, in an … Continue reading →

Posted in Atlantic City, Caesars Entertainment, DFS, Donald Trump, Downtown Grand, Environment, history, International, Las Vegas Sands, Lawrence Ho, Macau, Marketing, Maryland, Massachusetts, Melco Resorts & Entertainment, MGM Resorts International, New York, Pansy Ho, Pennsylvania, Politics, Singapore, Sociedade de Jogos de Macau, Stanley Ho, Technology, Tribal, Virginia | Comments Off