Category Archives: Macau

Adelson subsidizes foreign policy; Packer’s comeback

Posted on February 23, 2018 by David McKee

Sheldon Adelson‘s at it again. This time, in the cause of escalating Mideast tensions, he’s putting his money where his mouth is. The toupee-crowned supermogul is reported to be offering to foot the bill for at least some of a … Continue reading →

Posted in Alex Meruelo, Atlantic City, Australia, Donald Trump, Glenn Straub, Greenwood Racing, Hard Rock International, International, Internet gambling, James Packer, Lucky Dragon, Macau, Melco Crown Entertainment, Ohio, Pennsylvania, Politics, Regulation, Revel, Sheldon Adelson, Sports, Steve Wynn, The Crown 18, The Strip | Comments Off

MGM to jack up resort fees; Boyd braces for Four Winds impact

Posted on February 21, 2018 by David McKee

Looking for a bargain in casino stocks? JP Morgan analyst Joseph Greff nominates MGM Resorts International, which he says “remains cheap.” He bases this, in part, on strong Las Vegas Strip performance driven by “two jewels” Bellagio and MGM Grand. … Continue reading →

Posted in Ameristar, Boyd Gaming, California, Cannery Casino Resorts, Hawaii, Indiana, Louisiana, Macau, Massachusetts, MGM Mirage, Missouri, North Las Vegas, Penn National, Resort fees, The Strip, Tribal, Wall Street | Comments Off

Negotiation time in Vegas; MGM China trounces expectations

Posted on February 20, 2018 by David McKee

Yes, it’s that exciting moment when the Culinary Union contract comes due and the local flexes its muscle to get results from the casinos. Frankly, we don’t expect much drama this year, given the excellent state of the Las Vegas … Continue reading →

Posted in CityCenter, Cosmopolitan, Culinary Union, Donald Trump, Downtown, Harrah's, Macau, Mandalay Bay Massacre, Maryland, MGM Mirage, Mississippi, Reno, Sexual misconduct, The Strip, Wynn Resorts | 1 Comment

Sands Parisian a hit; The price is right for DFS in Massachusetts

Posted on February 19, 2018 by David McKee

We never thought of Sheldon Adelson as a big online guy but the Las Vegas Sands CEO felt it imperative to let the Hong Kong Stock Exchange know that Parisian Macao had racked up over five billion social-media impressions to date. … Continue reading →

Posted in DFS, Economy, Internet gambling, Macau, Massachusetts, Penn National, Politics, Sheldon Adelson, Texas, Tribal | Comments Off

MGM’s $3.4 billion gamble; A.C. Trop, Vegas Strip show promise

Posted on February 19, 2018 by David McKee

With concession renewal lurking around the 2020 corner, this might seem a risky time for MGM Resorts International to open a $3.4 billion casino in Macao. But MGM China CEO Grant Bowie says, “The concession renewal will not be determined by … Continue reading →

Posted in Atlantic City, Carl Icahn, Columbia Sussex, Cosmopolitan, Dining, Entertainment, Harrah's, Macau, MGM Mirage, The Strip, Tropicana Entertainment, Trump Entertainment Resorts, Unite-Here, Wynn Resorts | 1 Comment

MGM wins race in Macao; Wynn complaints proliferate

Posted on February 14, 2018 by David McKee

Whew! For a while it was looking as though MGM Grand Cotai wouldn’t make it out of the starting blocks in time for Chinese New Year. However, the megaresort opened yesterday, with room to spare before the all-important holiday. Architecturally … Continue reading →

Posted in Economy, history, Illinois, Indiana, Kentucky, Macau, Massachusetts, MGM Mirage, Missouri, Ohio, Politics, Regulation, Sexual misconduct, Steve Wynn, West Virginia, Wynn Resorts | Comments Off

MGM’s sincerity challenged; Probe continues at Wynncore

Posted on February 13, 2018 by David McKee

“Is this legislature capable of setting a course and sticking with it?” That’s the very legitimate question posed by the editorial board of The Day, with regard to the Lege’s rather addled behavior on whether to stand by the satellite casino … Continue reading →

Posted in Election, Foxwoods, Hard Rock International, Harrah's, International, Japan, Macau, MGM Mirage, Mohegan Sun, Politics, Regulation, Sexual misconduct, Singapore, Taxes, Wynn Resorts | Comments Off

Mohegan Sun strikes again; Magic 8s in Pennsylvania

Posted on February 12, 2018 by David McKee

Even as Steve Wynn was on his way out at Wynn Resorts, the casino he bested for the Boston-area gaming concession, Mohegan Sun, was launching a legal counterattack. It demanded that Wynn Resorts’ license be pulled and the project awarded to Mohegan … Continue reading →

Posted in Animals, Cordish Co., Greenwood Racing, International, Macau, Massachusetts, Mohegan Sun, Ohio, Penn National, Pennsylvania, Sexual misconduct, Sheldon Adelson, Steve Wynn | Comments Off

Life after Wynn

Posted on February 8, 2018 by David McKee

There may not be much, according to a feature in the New York Times. Wall Street analysts are already circling Wynn Resorts like buzzards. “Elvis has left the building. Mr. Wynn’s value to the company is unarguably profound as its chief visionary … Continue reading →

Posted in Boyd Gaming, Dan Gilbert, Eldorado Resorts, Hard Rock International, Macau, Massachusetts, Ohio, Penn National, Pinnacle Entertainment, Racinos, Regulation, Sexual misconduct, Sheldon Adelson, Steve Wynn, Wall Street | 1 Comment

Wynn: “The End of an Era”

Posted on February 7, 2018 by David McKee

That’s how Deutsche Bank analyst Carlo Santarelli headlined his investor note alerting stockholders to the news that Wynn Resorts CEO/Chairman Steve Wynn has opted to step down. One can only speculate, but Carrie Geer Thevenot‘s long-buried Las Vegas Review-Journal report … Continue reading →

Posted in Current, George Maloof, history, Macau, Massachusetts, Nevada, Regulation, Sexual misconduct, Sheldon Adelson, Steve Wynn, Wall Street | 5 Comments

Vici victorious on the Street; Macao monopoly threatened

Posted on February 6, 2018 by David McKee

MGM Resorts International is definitely going to have to sweeten its offer for Vici Properties after the latter had a hugely successful IPO, hitting $1.2 billion. Shares of the REIT were sufficiently in demand that Vici is going to enlarge … Continue reading →

Posted in Australia, Harrah's, International, Internet gambling, Macau, MGM Mirage, Wall Street | Comments Off

Steve Wynn makes his case; Gambling stalemate in Florida

Posted on February 5, 2018 by David McKee

It’s no longer enough for employees of Wynn Resorts to reflect well upon the company. No, now Steve Wynn wants their gratitude. His confidential pep rallies have had all the watertight integrity of a colander. By reminding workers that the … Continue reading →

Posted in California, Detroit, DFS, Dining, Donald Trump, Election, Entertainment, Florida, Galaxy Entertainment, Genting, Harrah's, Internet gambling, Macau, Massachusetts, Melco Resorts & Entertainment, MGM Mirage, Movies, Politics, Regulation, Seminole Tribe, Sexual misconduct, Sheldon Adelson, Steve Wynn, Taxes, The Strip, Wall Street | 1 Comment

Macao is back; Steelman predicts the future

Posted on February 1, 2018 by David McKee

Gross gaming revenues in Macao blew away Wall Street analysts’ estimates of 19% growth, posting a 36.5% gain. Deutsche Bank analyst Carlo Santarelli still advised caution for the near future, writing, “While [Chinese New Year] generates a lot of hype, the … Continue reading →

Posted in Architecture, Atlantic City, Galaxy Entertainment, Genting, Hard Rock International, Internet gambling, Macau, Massachusetts, Revel, Steve Wynn, The Strip, Tilman Fertitta, Wall Street | Comments Off

New investigation of Wynn; Eldorado on the prowl

Posted on January 31, 2018 by David McKee

After several days of uncertainty, it’s definitive: The Nevada Gaming Control Board will investigate the allegations of sex abuse against Steve Wynn. In the past the NGCB has been only too willing to look the other way when prominent Nevada … Continue reading →

Posted in Atlantic City, Colorado, Downtown, Eldorado Resorts, Entertainment, Florida, history, Isle of Capri, Louisiana, Macau, Massachusetts, Mississippi, Missouri, Regulation, Reno, Sexual misconduct, Station Casinos, Steve Wynn, Wall Street | Comments Off

Wynn loses big-time

Posted on January 30, 2018 by David McKee

Since the Wall Street Journal broke the cone of silence around Steve Wynn‘s sex life, shares of WYNN have fallen 19%. That means that the Wynn Resorts CEO is $463 million the poorer, being so heavily invested in his own … Continue reading →

Posted in Donald Trump, Macau, Massachusetts, Minnesota, Politics, Regulation, Sexual misconduct, Steve Wynn | 1 Comment

MGM Cotai gets rave review; Cracking the Millennial code

Posted on January 29, 2018 by David McKee

MGM Grand Cotai continues to miss opening deadlines, the latest obstacle being the government’s continued failure to issue a hotel license. “The licence application for the opening of the five-star hotel MGM Cotai and establishments inside the property is still … Continue reading →

Posted in Architecture, CityCenter, Genting, Golden Gaming, Harrah's, Macau, Marketing, MGM Mirage, New York, Regulation, Technology, TV | Comments Off

Wynn: The fallout

Posted on January 29, 2018 by David McKee

It’s still early in the apparent downfall of Steve Wynn but already there’s heated pressure being put on both Democrats and Republicans to disown his largesse. Rep. Karen Handel (R) was out in front, giving $2,700 Wynnbucks to “a charity in … Continue reading →

Posted in Architecture, Donald Trump, Galaxy Entertainment, Japan, Macau, Massachusetts, Nevada, Politics, Regulation, Sheldon Adelson, Steve Wynn, Wall Street | Comments Off

Adelson: Big is more; MGM misses important deadline

Posted on January 26, 2018 by David McKee

Wall Street analysts expected Las Vegas Sands to post cash flow of $718 million last quarter but it blew through the ‘stop’ sign and checked in with $731 million. Even though recovering from three cracked ribs, CEO Sheldon Adelson had … Continue reading →

Posted in Ameristar, Architecture, Cordish Co., Galaxy Entertainment, GLPI, Greenwood Racing, Illinois, Internet gambling, Law enforcement, Macau, Massachusetts, MGM Mirage, Missouri, Penn National, Pennsylvania, Politics, Problem gambling, Regulation, Sheldon Adelson, Steve Wynn, Taxes, Tropicana Entertainment | 1 Comment

The Macao mystery; Regional roundup

Posted on January 25, 2018 by David McKee

Steve Wynn was exuding confidence this week that Wynn Macau and Wynn Palace wouldn’t be nationalized by Macao, telling investors, “We are so stitched into that community, with our employees and our company, that we feel comfortable in this situation.” On … Continue reading →

Posted in Entertainment, Harrah's, Macau, Massachusetts, MGM Mirage, Mississippi, Penn National, Regulation, Sports, The Strip, Tribal | Comments Off

Wynn springs a surprise; MGM feeds the needy

Posted on January 23, 2018 by David McKee

Steve Wynn‘s conference calls tend to be dramatic and yesterday’s was no exception. El Steve announced a 2,500-room hotel for the old New Frontier/Plaza/Alon site. Breaking precedent, he would join it with Wynncore by virtue of the Las Vegas Strip‘s … Continue reading →

Posted in Boyd Gaming, Charity, Dan Gilbert, Economy, Illinois, Indiana, Law enforcement, Macau, Marketing, MGM Mirage, Ohio, Plaza, Politics, Steve Wynn, Taxes, Technology, The Strip, Tribal, Wall Street | Comments Off