Category Archives: Macau

Las Vegas numbers perplex; Macao shatters expectations

Posted on May 4, 2018 by David McKee

While Las Vegas, as mentioned earlier, is slogging through a 10-month visitation slump, you wouldn’t know it from March’s gaming-revenue numbers, which were 9% higher on the Las Vegas Strip ($574 million), although locals casinos took a 5% hit. Deutsche … Continue reading →

Posted in Atlantic City, Boulder Strip, Boyd Gaming, California, Colorado, Delaware, Downtown, Economy, Eldorado Resorts, Entertainment, Florida, Galaxy Entertainment, Harrah's, Illinois, Lake Tahoe, Laughlin, Macau, Melco Resorts & Entertainment, Mesquite, MGM Mirage, Mississippi, Nevada, New York, North Las Vegas, Ohio, Penn National, Reno, Rhode Island, Sheldon Adelson, Sociedade de Jogos de Macau, The Strip, Wall Street, West Virginia, Wisconsin, Wynn Resorts | 1 Comment

Elaine calls the shots; Now it’s Encore Boston Harbor

Posted on May 3, 2018 by David McKee

Wynn Resorts has been ceding to the wishes of Elaine Wynn of late but it got its back up when she demanded the removal of board member John Jay Hagenbuch. Ms. Wynn views him as a crony of her ex-husband … Continue reading →

Posted in Atlantic City, Colorado, Elaine Wynn, Eldorado Resorts, Entertainment, Florida, Foxwoods, Hard Rock International, International, Internet gambling, Isle of Capri, Macau, Massachusetts, MGM Mirage, Mississippi, Mohegan Sun, Moulin Rouge, Politics, Regulation, Revel, Steve Wynn, Tilman Fertitta, TV, Wynn Resorts | 3 Comments

Boyd weathers challenges; MGM swoons

Posted on April 27, 2018 by David McKee

An alternate headline for Boyd Gaming‘s 1Q18 results might be “better than expected.” Although the company had modeled a $12 million-$15 million cash flow hit at Blue Chip from new, nearby Four Winds Casino, the company’s Midwest revenues came in … Continue reading →

Posted in Ameristar, Boyd Gaming, CityCenter, Downtown, Greenwood Racing, Hawaii, Indiana, Japan, Louisiana, Macau, Mandalay Bay Massacre, Massachusetts, MGM Mirage, Missouri, Ohio, Palms, Pennsylvania, Pinnacle Entertainment, Politics, Resort fees, Sports, Station Casinos, Tribal, Wall Street, Wynn Resorts | 1 Comment

MGM sets Springfield date; Adelson hits pay dirt

Posted on April 26, 2018 by David McKee

Even as it’s using MGM Springfield as a catspaw to potentially land Wynn Boston Harbor, that didn’t prevent MGM Resorts International from announcing a date certain for the Springfield opening. Mark August 24 on your calendars, for that is the day … Continue reading →

Posted in Architecture, Atlantic City, Churchill Downs, Detroit, Dining, Donald Trump, Entertainment, history, Horseracing, International, Japan, Louisiana, Macau, Maine, Maryland, Massachusetts, MGM Mirage, Penn National, Singapore, South Korea, Sports, Technology, The Strip, Tribal, Wall Street, Wynn Resorts | Comments Off

Wynn: The brand stays

Posted on April 25, 2018 by David McKee

Recently we wrote, in a different forum, that the ultimate verdict on whether to keep the “Wynn” brand on Wynn Resorts would be delivered by customers. Based on 1Q18 results, the vote is “yes.” Deutsche Bank analyst Carlo Santarelli called … Continue reading →

Posted in Galaxy Entertainment, GLPI, Japan, Macau, Massachusetts, Penn National, Steve Wynn, The Strip, Wall Street | Comments Off

Wynn: It’s Elaine’s company now; Caesars reverses itself

Posted on April 23, 2018 by David McKee

When Elaine Wynn speaks, Wynn Resorts is suddenly all ears. Last week the company’s plurality shareholder called for a largely new and diverse board of directors, in what is describes as a “first step” toward greater heterogeneousness. Presto! Who should … Continue reading →

Posted in Architecture, Centaur Gaming, Donald Trump, Elaine Wynn, Environment, Hard Rock International, Harrah's, Indiana, Law enforcement, Macau, Marketing, Sociedade de Jogos de Macau, Sports, Station Casinos, Technology, Transportation, Wynn Resorts | 6 Comments

They gave a casino and nobody came

Posted on April 20, 2018 by David McKee

Yet again the Commonwealth of Pennsylvania has held an auction for a mini-casino and not received a single bid. This is a mixed blessing, as the auctions to date have raised far more money than legislators thought they would. However, … Continue reading →

Posted in Architecture, Eldorado Resorts, Florida, Macau, Pennsylvania, Politics, Seminole Tribe, Sheldon Adelson | Comments Off

Bumpy month for Atlantic City; Stanley Ho has left the building

Posted on April 13, 2018 by David McKee

Winter has not been kind to Atlantic City, with gaming revenues down 3.5% in March ($193 million). At least Internet gaming is a bastion of strength, 17.5% more productive last month, with Golden Nugget dominating that sector with 34% market … Continue reading →

Posted in Atlantic City, Churchill Downs, Dan Gilbert, Detroit, Eldorado Resorts, Greenwood Racing, Harrah's, Internet gambling, Law enforcement, Louisiana, Macau, MGM Mirage, Mohegan Sun, Neil Bluhm, Pansy Ho, Penn National, Pennsylvania, Pinnacle Entertainment, Regulation, Sheldon Adelson, Sociedade de Jogos de Macau, Stanley Ho, The Mob, Tilman Fertitta, Tropicana Entertainment | Comments Off

MGM Connecticut hopes fading … for now

Posted on April 12, 2018 by David McKee

MGM Bridgeport will have to wait a bit. According to Connecticut Speaker of the House Joe Aresimowicz (D), the best chance of passage of any gaming-related legislation is narrow. Expressing misgivings about the consequences of further diluting the Nutmeg State’s gambling … Continue reading →

Posted in Boyd Gaming, Foxwoods, Genting, Indiana, Japan, Macau, MGM Mirage, Mohegan Sun, Movies, Politics, Sociedade de Jogos de Macau, The Strip, Transportation, Tribal | Comments Off

Wynn out, MGM in: Is history repeating itself?

Posted on April 9, 2018 by David McKee

Remember when Kirk Kerkorian made Steve Wynn an offer he couldn’t refuse for Mirage Resorts? It looks like history is going to repeat itself with “back-channel approaches” being made by MGM Resorts International to embattled Wynn Resorts. “Wynn Resorts is … Continue reading →

Posted in Archon Corp., Donald Trump, Elaine Wynn, Galaxy Entertainment, Genting, Hard Rock International, Harrah's, Japan, Laughlin, Macau, Massachusetts, MGM Mirage, Nevada, Ohio, Pennsylvania, Politics, Regulation, Sexual misconduct, Steve Wynn, The Strip, Wall Street, Wynn Resorts | Comments Off

Wynn fights back; Sheldon’s big payday

Posted on April 6, 2018 by David McKee

How can we miss Steve Wynn if he won’t go away? He’s suing a Las Vegas law firm for saying he was “leering” at female performers. Wynn’s defense is that he is legally blind (true enough), although we have found … Continue reading →

Posted in Boyd Gaming, IGT, Macau, Sexual misconduct, Sheldon Adelson, Steve Wynn, Technology | Comments Off

Florida dithers; MGM catches a wave

Posted on April 4, 2018 by David McKee

Having once more proven itself constitutionally incapable (pun intended) of passing gaming legislation during the normal course of doing business, the Florida Lege is now talking ‘special session,’ which seems like what it would take to get anything done, if … Continue reading →

Posted in Atlantic City, DFS, Economy, Florida, Internet gambling, Japan, Macau, Massachusetts, MGM Mirage, Mississippi, Politics, Racinos, Regulation, Seminole Tribe, Sexual misconduct, Sports, Steve Wynn | Comments Off

Quo vadis, Steve?; Dan Gilbert’s new twist

Posted on March 27, 2018 by David McKee

Gaming Industry Daily Report Editor Alan Woinski has some interesting speculations about Steve Wynn‘s future and his big stock cash-out. “He will need the money considering he never received a golden parachute when he stepped down. He could have a lot … Continue reading →

Posted in Dan Gilbert, Derek Stevens, Detroit, Galaxy Entertainment, Japan, Macau, Mandalay Bay Massacre, Massachusetts, Ohio, Philippines, Politics, Regulation, Resort fees, Security, Steve Wynn, Technology, The Strip, Wall Street, Westgate LV, Wynn Resorts | 1 Comment

Sands Bethlehem (finally) sold; Stratosphere battered

Posted on March 9, 2018 by David McKee

Never underestimate the power of electronic bingo. It’s the capital derived therefrom that’s enabling the Poarch Band of Creek Indians to make a $1.3 billion purchase of Sands Bethlehem. The tribe is succeeding where Tropicana Entertainment and MGM Resorts International … Continue reading →

Posted in Alabama, Florida, Foxwoods, Golden Gaming, International, Japan, Law enforcement, Macau, Massachusetts, MGM Mirage, Mohegan Sun, Nevada, Pennsylvania, Politics, Regulation, Sheldon Adelson, Singapore, The Strip, Tribal, Tropicana Entertainment, Wall Street | Comments Off

Paradise lost; MGM contemplates CityCenter buyout

Posted on March 9, 2018 by David McKee

Steve Wynn‘s executive chair isn’t even cold yet and already Wynn Resorts is shifting its priorities, evidently. Yesterday Deutsche Bank analyst Carlo Santarelli wrote that he believes the company “is likely to complete its convention space at Paradise Park and … Continue reading →

Posted in Architecture, Churchill Downs, CityCenter, Dubai, Florida, Illinois, Japan, Kazuo Okada, Macau, Massachusetts, MGM Mirage, Pennsylvania, Politics, Steve Wynn, The Strip, Wall Street, Wynn Resorts | 1 Comment

Ground broken for Connecticut casino; Big Brother is watching you in Japan

Posted on March 7, 2018 by David McKee

In a damn-the-torpedoes move, Foxwoods Resort Casino and Mohegan Sun leaders moved forward with demolition of the cineplex that will give way to a satellite casino in East Windsor. Although only 100 people showed up for the event, spirits were … Continue reading →

Posted in Foxwoods, Japan, Macau, Massachusetts, Melco Resorts & Entertainment, MGM Mirage, Mohegan Sun, Politics, Regulation, Sheldon Adelson, Sociedade de Jogos de Macau, Technology | 1 Comment

MGM Cotai plays to mixed reviews; Puzzling Pennsylvania strategies

Posted on March 1, 2018 by David McKee

“Vital in terms of the process of concession renewal,” is how MGM China CEO Grant Bowie described new, $3.4 billion MGM Cotai. The megaresort opened a year behind schedule but MGM undoubtedly hopes Macao authorities overlook that an focus instead … Continue reading →

Posted in e-sports, Entertainment, Foxwoods, Greenwood Racing, Internet gambling, Macau, Massachusetts, MGM Mirage, Mohegan Sun, Pennsylvania, Politics, Regulation, Sheldon Adelson, Sociedade de Jogos de Macau, Taxes, Wall Street, Wynn Resorts | Comments Off

Strip weak, locals strong, Reno supercharged; Stanley Ho’s empire crumbles

Posted on February 28, 2018 by David McKee

January got the Las Vegas Strip off to a less-than auspicious start, with revenues dropping 9% from 2017. Locals casinos, meanwhile, were living it up, as revenue rose 8%, thanks in part to New Year’s Eve weekend slot drop being … Continue reading →

Posted in Arkansas, Boulder Strip, Colony Capital, Columbia Sussex, Downtown, Economy, Election, Foxwoods, Galaxy Entertainment, Harrah's, Lake Tahoe, Laughlin, Lucky Dragon, Macau, Melco Resorts & Entertainment, Mesquite, MGM Mirage, Nevada, North Las Vegas, Pennsylvania, Politics, Racinos, Sheldon Adelson, Sociedade de Jogos de Macau, Steve Wynn, The Strip, Wall Street, Wynn Resorts | 2 Comments

Hard Rock makes sweeping pledge; Wynn dodges a bullet

Posted on February 27, 2018 by David McKee

Having expanded the old Trump Taj Mahal concert venue by over 25%, Hard Rock International is promising the Boardwalk “more live music than Atlantic City has ever seen.” We’re talking 200 live events in Year One. “When’s the first time someone has … Continue reading →

Posted in Atlantic City, Dining, Entertainment, Environment, Geoff Freeman, Hard Rock International, International, Japan, Macau, Massachusetts, MGM Mirage, Politics, Regulation, Revel, Sexual misconduct, The Strip, Transportation, Wynn Resorts | 3 Comments

Greed in Japan; IGT embraces diversity

Posted on February 26, 2018 by David McKee

“Japan Junks it Up.” That was Global Gaming Business‘ teaser for an article on investment-killing measures that have a strong chance of making it into the Liberal Democratic Party‘s casino-implementation bill. Jim Murren might want to think twice about sinking … Continue reading →

Posted in Boyd Gaming, Dining, Eldorado Resorts, Harrah's, IGT, Illinois, Iowa, Isle of Capri, Japan, Macau, Melco Resorts & Entertainment, MGM Mirage, Missouri, Pinnacle Entertainment, Politics, Sheldon Adelson, Slot routes, Taxes, Wynn Resorts | 1 Comment