Category Archives: Macau

MGM rebounds; Harvey victims have mystery casino benefactor

Posted on November 10, 2017 by David McKee

Commercials practically begging people to patronize the Las Vegas Strip after the Mandalay Bay massacre turn out to have been needless. The company most affected, MGM Resorts International, reports that hotel bookings are “almost back to normal.” “I’m happy to … Continue reading →

Posted in Baseball, Charity, Cordish Co., Cosmopolitan, Galaxy Entertainment, Greenwood Racing, Harrah's, Macau, Mandalay Bay Massacre, MGM Mirage, Neil Bluhm, Penn National, Pennsylvania, Politics, Steve Wynn, Texas, The Strip, Wall Street | Comments Off on MGM rebounds; Harvey victims have mystery casino benefactor

MGM: The lion roars; Station doubles down

Posted on November 8, 2017 by David McKee

MGM Resorts International, so long in the headlines due to bad news, made some good news this week. In the third quarter room revenues were up 4% along the Las Vegas Strip and table game hold was substantially higher, both … Continue reading →

Posted in Atlantic City, Election, IGT, Macau, Mandalay Bay Massacre, MGM Mirage, Palms, Penn National, Pennsylvania, Pinnacle Entertainment, Station Casinos, The Strip, Wall Street | 3 Comments

Macao rockets ahead; SLS sale snagged

Posted on November 1, 2017 by David McKee

While we share Galaxy Entertainment Chairman Lui-Che Woo‘s circumspection about announcing a full recovery in Macao, gaming revenues continue to ignore the ‘stop’ signs. Last month they rocketed up 22%, which “blows past expectations,” according to Deutsche Bank analyst Carlo Santarelli, … Continue reading →

Posted in GLPI, Illinois, Macau, Mandalay Bay Massacre, MGM Mirage, Mohegan Sun, Politics, Racinos, Sahara, Sam Nazarian, Sheldon Adelson, Slot routes, SLS Las Vegas, Steve Wynn, The Strip, Tribal, Wall Street | Comments Off on Macao rockets ahead; SLS sale snagged

Tally-ho, friends!; NY State casinos cry uncle

Posted on October 30, 2017 by David McKee

As Sigma Derby games at MGM Grand and The D continue to eke out a perilous existence, getting by on spare parts cannibalized from other machines, they have a new rival. Konami Gaming has taken note of the enduring popularity … Continue reading →

Posted in Baseball, Derek Stevens, Dining, Economy, Genting, IGT, International, Jeff Guard, Macau, MGM Mirage, New York, Sports, Taxes, Technology, Tourism, TV | 1 Comment

Wynn: Set the date; High-tech potties at Caesars

Posted on October 27, 2017 by David McKee

It’s official: Wynn Resorts will start tearing up its Las Vegas Strip golf course on Jan. 3, 2018. Not much is known about what will replace it, as the budget hasn’t been set, and plans for the Wynn Paradise Park … Continue reading →

Posted in Architecture, Boyd Gaming, Cannery Casino Resorts, Charity, Downtown, Harrah's, Macau, Movies, North Las Vegas, Steve Wynn, Technology, The Strip, Wall Street | Comments Off on Wynn: Set the date; High-tech potties at Caesars

Adelson’s construction boom; Make theirs Manhattan

Posted on October 26, 2017 by David McKee

Las Vegas Sands still can’t be bothered to finish its St. Regis stump on the Strip, but it’s spending capex dollars like there’s no tomorrow in Macao. Sands will throw $700 million into redoing Sands Cotai Central as The Londoner, … Continue reading →

Posted in Architecture, Culinary Union, Genting, Law enforcement, Macau, Mandalay Bay Massacre, MGM Mirage, New York, Politics, Sheldon Adelson, Singapore, The Strip, Wall Street | Comments Off on Adelson’s construction boom; Make theirs Manhattan

Quote of the Day

Posted on October 24, 2017 by David McKee

“It did rock my world. Reading in every newspaper around the world that Crown [Resorts] was a bad corporate citizen shook me to the core because I had put in so much effort over so many years to ensure Crown … Continue reading →

Posted in Australia, Cosmopolitan, Crown Resorts, James Packer, Macau, The Crown 18, The Strip | Comments Off on Quote of the Day

Abe, casinos win; Tournament of Rose

Posted on October 23, 2017 by David McKee

In a snap election, Japanese Prime Minister Shinzo Abe and his Liberal Democratic Party posted big gains. The mandate was sufficiently huge to give the LDP outright control over every committee in the Diet. This is a big boost to … Continue reading →

Posted in Australia, Crown Resorts, e-sports, Election, Harrah's, James Packer, Japan, Macau, Regulation, Sports, The Crown 18 | 1 Comment

New MGM ad stirs controversy; Macao heightens security

Posted on October 19, 2017 by David McKee

Among the victims of Stephen Paddock‘s domestic terrorism was MGM Resorts International‘s “Welcome to the Show” ad campaign. The aftermath of a mass murder was hardly the time to be proclaiming that you’re “in the ‘Holy Sh*t!’ business” or to promise … Continue reading →

Posted in Genting, Harrah's, Macau, Mandalay Bay Massacre, Marijuana, Marketing, Maryland, MGM Mirage, Pennsylvania, Philippines, Regulation, Technology, The Strip, TV, Unite-Here | Comments Off on New MGM ad stirs controversy; Macao heightens security

Less-than-Golden Week in Macao; Pac-Man devours G2E competition

Posted on October 16, 2017 by David McKee

“Somewhat disappointing” was JP Morgan analyst Joseph Greff‘s verdict on Golden Week numbers out of Macao. “Given that some VIPs visit Macau after the holiday to avoid the crowds, we note that channel checks post Golden Week indicate that gaming … Continue reading →

Posted in Charity, Economy, G2E, GameCO, Macau, Melco Resorts & Entertainment, MGM Mirage, Sheldon Adelson, Sociedade de Jogos de Macau, Steve Wynn, Technology, Tourism, Wall Street | Comments Off on Less-than-Golden Week in Macao; Pac-Man devours G2E competition

Adverse Golden Week in Macao; Ho, Caesars jockey for position in Japan

Posted on October 11, 2017 by David McKee

Golden Week is an important holiday for Macao casinos and it failed to deliver this year. Visitor traffic was down 1%, causing stocks of both Sands China and Galaxy Entertainment Group to be punished on Hong Kong‘s Hang Seng Index. … Continue reading →

Posted in Election, Galaxy Entertainment, Harrah's, Japan, Lawrence Ho, Macau, Marketing, Sheldon Adelson, Stanley Ho, Steve Wynn, Tourism, Wall Street | Comments Off on Adverse Golden Week in Macao; Ho, Caesars jockey for position in Japan

Clean slate at Caesars; Heresy at G2E; Another Revel mystery

Posted on October 9, 2017 by David McKee

“Twenty-five years ago Caesars [Entertainment] was the premier name internationally but they dropped the ball,” said C.G. Anderson Partners analyst Greg Bousquette of the company that must find a way to become relevant after spending years snarled in debt, then in … Continue reading →

Posted in Atlantic City, Colorado, Economy, Entertainment, G2E, Glenn Straub, Harrah's, Iowa, Japan, Macau, Mandalay Bay Massacre, Neil Bluhm, New York, Pennsylvania, Regulation, Revel, Singapore, South Korea, Technology, The Strip, Wall Street | Comments Off on Clean slate at Caesars; Heresy at G2E; Another Revel mystery

Pugilism pays off for Vegas; Ho dissed by son

Posted on October 4, 2017 by David McKee

Those tomato cans Floyd Mayweather and Conor McGregor were very good for business when they battled on August 26. “It could be a while before we see money like this bet on a fight again,” said Betfair‘s Katie Baylis. Indeed. Betfair … Continue reading →

Posted in Architecture, Australia, Internet gambling, Japan, Lawrence Ho, Macau, Mesquite, Sports, Stanley Ho, The Strip | Comments Off on Pugilism pays off for Vegas; Ho dissed by son

Wynn takes the lead

Posted on October 4, 2017 by David McKee

Steve Wynn has always been a trendsetter in Las Vegas and we hope his decision to equip his security force with handheld metal detectors is another move the rest of the industry will follow. “Las Vegas is a target city. … Continue reading →

Posted in Boyd Gaming, Entertainment, Florida, G2E, Genting, Harrah's, Law enforcement, Macau, Mandalay Bay Massacre, Massachusetts, MGM Mirage, New York, Philippines, Steve Wynn, Wall Street | 1 Comment

Quote of the Day

Posted on October 3, 2017 by David McKee

“There were probably some elements of the Chinese government that thought Macao was growing too quickly. Maybe people like [Sheldon] Adelson and the like were getting rich too quickly.”  — Richard McGregor, author of The Party: The Secret World of China’s … Continue reading →

Posted in Economy, Macau, Regulation, Sheldon Adelson | Comments Off on Quote of the Day

A modest proposal; Boyd on the prowl

Posted on October 3, 2017 by David McKee

Warning: You’re probably not going to like this post. That being said, the catastrophe at Mandalay Bay demands a more proactive response from the casino industry. There is always a certain element of risk in life, but we can ameliorate … Continue reading →

Posted in Boulder Strip, Boyd Gaming, G2E, Geoff Freeman, history, Law enforcement, Louisiana, Macau, Mandalay Bay Massacre, Massachusetts, MGM Mirage, Palms, The Strip, Wall Street | Comments Off on A modest proposal; Boyd on the prowl

Hot numbers in August; MGM Cotai postponed

Posted on October 2, 2017 by David McKee

Although visitation to Las Vegas was down 2% in August, room revenues and rates were both up 3% (with a hotel room costing you $125/night on average) and occupancy at 91%. JP Morgan analyst Joseph Greff credited the Floyd Mayweather-Conor McPherson … Continue reading →

Posted in Atlantic City, Boulder Strip, Colony Capital, Cosmopolitan, Downtown, Economy, Fontainebleau, Foxwoods, Hard Rock Hotel, International, Lake Tahoe, Laughlin, Macau, MGM Mirage, Mohegan Sun, North Las Vegas, Politics, Problem gambling, Regulation, Reno | Comments Off on Hot numbers in August; MGM Cotai postponed

G2E: The show must go on; Real hope for Moulin Rouge site

Posted on October 2, 2017 by David McKee

A giant, unstoppable machine, Global Gaming Expo is opening as planned today, despite last night’s bloodbath at Mandalay Bay. G2E officials said they were “closely monitoring the horrific events” of last night, which I hope translates into a higher security … Continue reading →

Posted in Current, Economy, G2E, Geoff Freeman, Macau, Mandalay Bay Massacre, Moulin Rouge, Taxes | Comments Off on G2E: The show must go on; Real hope for Moulin Rouge site

Firebugs in Macao; New slots at Harrah’s

Posted on September 27, 2017 by David McKee

Already slowed by construction fatalities, jinx-prone Grand Lisboa Palace has now been ravaged by fire. The best that CEO Angela Leong could say about the casino’s late-2018 opening date was that it was now uncertain. Sociedade de Jogos de Macau … Continue reading →

Posted in Arizona, Atlantic City, California, Economy, GameCO, Harrah's, Macau, Massachusetts, MGM Mirage, Nevada, Sociedade de Jogos de Macau, Technology, Tribal | Comments Off on Firebugs in Macao; New slots at Harrah’s

Trump to bigfoot Connecticut controversy?

Posted on September 26, 2017 by David McKee

Could we see heavy-footed federal intervention in the MGM Resorts International vs. Connecticut tribes slugfest? Bridgeport Mayor Joe Ganim (D) hopes so. A supporter of Donald Trump‘s presidential campaign, he’s hoping the White House will stomp into the Nutmeg State fray, interceding … Continue reading →

Posted in DFS, Donald Trump, Economy, Election, Foxwoods, Galaxy Entertainment, Genting, Geoff Freeman, International, Macau, MGM Mirage, Mohegan Sun, Regulation, Singapore, Sports, The Strip | Comments Off on Trump to bigfoot Connecticut controversy?