Category Archives: Macau

King on the rag; Macao mobbed; Sheldon goes green

Posted on February 27, 2019 by David McKee

Better hurry and line up that Circa funding, Derek Stevens: Rep. Steve King (R) is coming after your EB-5 investors. King has introduced a bill, currently little more than a placeholder, to terminate the EB-5 program. In the past we’ve been … Continue reading →

Posted in Caesars Entertainment, Cirque du Soleil, Cretins, Delaware, Derek Stevens, Downtown Grand, Entertainment, Environment, Genting, Hard Rock International, International, Las Vegas Sands, Macau, Mohegan Sun, Politics, Racinos, Sheldon Adelson, South Korea, Sports betting, Terry Caudill, The Strip, Tourism, TV | 1 Comment

MGM beats The Street

Posted on February 18, 2019 by David McKee

MGM Resorts International says it is no longer going to give Wall Street forward guidance on earnings. Why not? It beat its own forecasts by 3% on the Las Vegas Strip, 4% in its regional properties and 8% in all-important … Continue reading →

Posted in International, Internet gambling, Macau, Massachusetts, MGM Resorts International, Politics, Rhode Island, Sports, Sports betting, The Strip, Wall Street | Comments Off

Churchill Downs pwns Caesars; Kentucky covets casinos

Posted on February 8, 2019 by David McKee

Cold weather helped chill Indiana casino revenues last month, down 6%. The Hoosier State’s casinos and racinos grossed $154 million. Horseshoe Southern Indiana continues to bleed business to Churchill Downs‘ Derby City, hemorrhaging 10% to $16.5 million. Full House Resorts … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, Churchill Downs, DFS, e-sports, Eldorado Resorts, Full House Resorts, Indiana, Internet gambling, Kentucky, Macau, Marketing, Massachusetts, MGM Resorts International, New York, Penn National, Politics, Racinos, Sports, Sports betting, Taxes, Technology, Tilman Fertitta, Wall Street, Wynn Resorts | 1 Comment

Monorail to the rescue of Grand Bazaar; Golden Nugget on the block?

Posted on February 8, 2019 by David McKee

We thought the Las Vegas Monorail was the biggest charity case on the Las Vegas Strip. However, the Grand Bazaar Shops — where Strip retail finally jumped the shark — is apparently even worse off. We say this because of … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, Churchill Downs, Dan Gilbert, Detroit, Dining, Eldorado Resorts, Macau, Marketing, Melco Resorts & Entertainment, MGM Resorts International, Ohio, Penn National, The Strip, Tilman Fertitta, Transportation, Wall Street, Wynn Resorts | 3 Comments

New name, new push for Foxwoods/Mohegan casino; Nevada casinos robust

Posted on February 4, 2019 by David McKee

Tribal Winds. That’s what Mohegan Sun and Foxwoods Resort Casino are going to call their joint venture in East Windsor, Connecticut. The duo has already spent $14 million on the $300 million project. Both of the tribes involved are not … Continue reading →

Posted in Connecticut, Economy, Foxwoods, Macau, Massachusetts, MGM Resorts International, Mohegan Sun, Nevada, Politics, Sports betting, The Strip, Tourism, Tribal, Wendover | Comments Off

So long, Total Rewards; MGM goes to Yonkers

Posted on February 1, 2019 by David McKee

Despite one less weekend day than 2017, December was good for the Las Vegas Strip. Visitation was up over 2% and room revenues leapt 16% to an average of $104/room. This was particularly impressive given a 23% decline in convention … Continue reading →

Posted in Caesars Entertainment, Economy, Harrah's, International, Internet gambling, Macau, Marketing, Massachusetts, MGM Resorts International, New York, Regulation, Sexual misconduct, Steve Wynn, Taxes, The Strip, Tourism, Transportation, Wynn Resorts | Comments Off

Wynn finishes strong

Posted on January 31, 2019 by David McKee

If Wynn Resorts wanted to change the subject of conversation, at least on Wall Street, away from the damning Nevada Gaming Control Board report on sexual harassment it found a magical elixir in its fourth-quarter report. Net revenue at Wynncore … Continue reading →

Posted in Caesars Entertainment, Economy, Las Vegas Sands, Macau, Massachusetts, Regulation, Tourism, Wall Street, Wynn Resorts | Comments Off

Survey says: Las Vegas bad for NFL; Power struggle in Macao

Posted on January 28, 2019 by David McKee

Put me in the one-third of Americans surveyed who wouldn’t give up their annual bonus to see their team win the Super Bowl. That’s one of the findings of a WalletHub study that, incredibly (at least to me) ranks Las … Continue reading →

Posted in Arkansas, Caesars Entertainment, California, Entertainment, Indiana, Internet gambling, Japan, Las Vegas Raiders, Lawrence Ho, Macau, Massachusetts, Melco Resorts & Entertainment, MGM Resorts International, Mohegan Sun, New Jersey, Ohio, Pansy Ho, Pennsylvania, Racinos, Regulation, Rush Street Gaming, Scientific Games, Sociedade de Jogos de Macau, Sports, Sports betting, Technology, Tourism, Wall Street, Wisconsin | Comments Off

Sands disappoints Wall Street

Posted on January 24, 2019 by David McKee

Las Vegas Sands reported 4Q18 results yesterday and the result wasn’t what Wall Street had been hoping. Take the rapidly morphing reaction of Credit Suisse analyst Cameron McKnight. He went from “Good Read Thru” to “Disappointing 4Q Against Elevated Expectations” … Continue reading →

Posted in Economy, Las Vegas Sands, Macau, MGM Resorts International, Singapore, Sports, Sports betting, The Strip, Transportation, Wall Street | Comments Off

AFL goes to A.C.; Majestic Star coming ashore?

Posted on January 22, 2019 by David McKee

In keeping with the new and hard-won sense of prosperity in Atlantic City, the Casino Reinvestment Development Authority hopes to bring arena football to the Boardwalk, specifically to Jim Whelan Boardwalk Hall. The early talk is a of three-year public/private partnership … Continue reading →

Posted in Atlantic City, DFS, Economy, history, Indiana, Law enforcement, Macau, Majestic Star, Politics, Sports, Sports betting, Taxes | Comments Off

Louisiana: What happened?; Wynn wins historic victory

Posted on January 22, 2019 by David McKee

While most jurisdictions performed impressively last month, Louisiana was down 2.5%. How to account for the slippage? True, the drive-in driven Shreveport/Bossier City market was off 1.5%. But the real culprit was Baton Rouge, toppling 15.5% and ravaged by the new … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, Dining, Eldorado Resorts, Environment, GLPI, Greenwood Racing, International, Las Vegas Sands, Louisiana, Macau, Penn National, Pennsylvania, Rush Street Gaming, Sports betting, Tilman Fertitta, Tourism, Vietnam, Wall Street, William Hill, Wynn Resorts | Comments Off

Massachusetts mulls sports betting

Posted on January 21, 2019 by David McKee

Massachusetts is expected to be one of the prime movers on the sports-betting front and, to that end, three bills have been filed in the Lege, no doubt much to the interest of homeboys DraftKings, the New England Patriots and … Continue reading →

Posted in Dining, IGT, Macau, Marketing, Massachusetts, Melco Resorts & Entertainment, Mississippi, Penn National, Politics, South Dakota, Sports, Sports betting | Comments Off

Atlantic City: Managing expectations; Prosperity in Pennsylvania, Detroit

Posted on January 15, 2019 by David McKee

Grossing $209 million last month, the Atlantic City casino market continues to grow, up 12% in the dead of winter, even if it was 7% down on a same-store basis. That’s a tradeoff the industry will have to accept, as … Continue reading →

Posted in Atlantic City, Boyd Gaming, Bruce Deifik, Caesars Entertainment, Churchill Downs, CityCenter, Dan Gilbert, Detroit, Dining, Economy, Eldorado Resorts, Las Vegas Sands, Macau, MGM Resorts International, Mohegan Sun, Penn National, Pennsylvania, Rush Street Gaming, Tilman Fertitta, Wall Street | 1 Comment

MGM gets new admirer; Okada busted again

Posted on January 8, 2019 by David McKee

JP Morgan has initiated analyst-focus coverage of MGM Resorts International “as we see an increasingly favorable setup for 2019” that includes “relatively low expectations in Las Vegas.” Morgan analyst Joseph Greff applauded the upcoming pogrom of the MGM workforce, as well … Continue reading →

Posted in Caesars Entertainment, Detroit, Entertainment, Foxwoods, Kazuo Okada, Law enforcement, Louisiana, Macau, Massachusetts, MGM Resorts International, Mohegan Sun, New York, Ohio, Penn National, Philippines, Regulation, Rhode Island, Sports, Steve Wynn, The Strip, Wall Street, Wynn Resorts | 1 Comment

Caesars fights human trafficking; Modified rapture in Macao

Posted on January 4, 2019 by David McKee

“Victims of human trafficking, including those involved in the commercial sex industry, do not choose to participate. Rather, they are manipulated, brainwashed and forced based on unforeseen and, oftentimes, seemingly inescapable circumstances. We are deeply committed to eliminating sex trafficking and all … Continue reading →

Posted in Caesars Entertainment, Economy, International, Las Vegas Sands, Macau, MGM Resorts International, Regulation, Taxes, William Hill, Wynn Resorts | 1 Comment

Case Bets

Posted on December 27, 2018 by David McKee

Station Casinos is bringing two name-brand chefs to the upgraded Palms. Between high-in-the-sky Vetri Cucina and Michael Symon‘s Mabel’s BBQ, I wouldn’t know which to choose. (My mouth is watering as I type this.) Fortunately, Las Vegans riding a burgeoning … Continue reading →

Posted in Dining, Internet gambling, Kentucky, Macau, Movies, Palms, Philippines, PokerStars, South Korea, Station Casinos, Tourism, Transportation, Vietnam | Comments Off

Wynn at risk; Christmas stocking for Station, Boyd, etc.

Posted on December 26, 2018 by David McKee

Steve Wynn might want to think twice about buying back into Wynn Resorts. Stock analyst Frank Fantini thinks the company’s Macao holdings might be made an example in the U.S./China trade war. Fantini believes Beijing could target “companies that are not … Continue reading →

Posted in Boyd Gaming, Economy, Golden Gaming, Macau, MGM Resorts International, Nevada, Pansy Ho, Reno, Sheldon Adelson, Station Casinos, Steve Wynn, Wall Street, Wynn Resorts | Comments Off

Christmas Case Bets

Posted on December 24, 2018 by David McKee

Macao is expected to set a record for visitation this, no doubt to the delight of casino executives in the enclave. If 32.5 million tourists came in 2017, they will be topped by the 35 million who came this year … Continue reading →

Posted in Architecture, Baseball, Caesars Entertainment, Detroit, Economy, Hard Rock Hotel, Internet gambling, Macau, Politics, Station Casinos, Taxes, Tourism, Transportation, Tribal, Virginia, World Series of Poker | Comments Off

Christmas in Vegas; Study: Millennials’ impact overrated

Posted on December 18, 2018 by David McKee

I don’t believe this. WalletHub has ranked Las Vegas the second-best city in which to celebrate Christmas. Don’t get me wrong but I can’t think of anything more dispiriting than to spend Jesus’ birthday surrounded by slot machines instead of … Continue reading →

Posted in Boulder Strip, Boyd Gaming, Economy, Entertainment, Genting, Macau, Marketing, The Strip, Wynn Resorts | 2 Comments

Scientific pays up; Clouds over Macao

Posted on December 14, 2018 by David McKee

“While we firmly believe that the jury decision was wrong, we are pleased with the outcome of the settlement and that this matter will be resolved for good,” said Scientific Games Chief Legal Officer James Sottile, trying to spin a … Continue reading →

Posted in Caesars Entertainment, Colony Capital, Donald Trump, Economy, Japan, Las Vegas Sands, Law enforcement, Macau, Melco Resorts & Entertainment, Scientific Games, Sheldon Adelson, Steve Wynn, Transportation, Wall Street, Wynn Resorts | 1 Comment