Category Archives: Macau

Quote of the Day

Posted on July 27, 2017 by David McKee

“As soon as the government lets us, we’ll build more new and beautiful hotel rooms. We have property on both sides of our current land concession and we have already built connections to both sides of it, so we can build rooms … Continue reading →

Posted in Macau, Steve Wynn | Comments Off on Quote of the Day

Revel: The great silence; Strangulation in Japan

Posted on July 19, 2017 by David McKee

“Atlantic City casino owner clueless over $220M offer.” So read one of the headlines about the mystery New York City private equity firm that is ostensibly proffering $220 million (up from $200 million) for Revel and owner Glenn Straub‘s professions of … Continue reading →

Posted in Atlantic City, GameCO, Glenn Straub, International, Internet gambling, Japan, Macau, Mohegan Sun, Regulation, Revel, The Mob, Wall Street | Comments Off on Revel: The great silence; Strangulation in Japan

Adelson up to new mischief; DFS mega-merger kaput

Posted on July 17, 2017 by David McKee

If you don’t know Rep. Charlie Dent (R), you will soon. Sheldon Adelson has the Pennsylvania congressman by the short and curlies, holding expansion at Sands Bethlehem hostage to passage of Restore America’s Wire Act, his pet cause. Consequently, Dent … Continue reading →

Posted in California, Environment, Internet gambling, Law enforcement, Macau, Massachusetts, Penn National, Pennsylvania, Politics | Comments Off on Adelson up to new mischief; DFS mega-merger kaput

Macao takes the long view; Skill-based slots bomb in Europe

Posted on July 12, 2017 by David McKee

Macao gaming operators are off the hot seat as it appears increasingly inevitable that their casino concessions will be renewed rather than re-bid or nationalized. However, that may come at a price — literally. The casino magnates aren’t completely out … Continue reading →

Posted in Boyd Gaming, Dan Gilbert, Foxwoods, Harrah's, Indiana, International, Macau, MGM Mirage, Ohio, Politics, Regulation, Taxes, Technology | Comments Off on Macao takes the long view; Skill-based slots bomb in Europe

Slot routes thwarted in Pennsylvania; Crown 18 convicted

Posted on July 11, 2017 by David McKee

Gaming issues are holding the Pennsylvania state budget hostage. House Majority Leader Dave Reed (R) is saying ‘no deal,’ even as Senate President Pro Tempore Joe Scarnati (R) is remarking that an agreement is “more or less” in place. The latest … Continue reading →

Posted in Economy, Genting, International, Internet gambling, Law enforcement, Lawrence Ho, Macau, Pennsylvania, Philippines, Politics, Regulation, Slot routes, The Crown 18, Wall Street | Comments Off on Slot routes thwarted in Pennsylvania; Crown 18 convicted

Arizona tribe moves ahead; The king and Adelson

Posted on July 3, 2017 by David McKee

Having beaten the system and Gov. Doug Ducey (R), the Tohono O’odham tribe in Arizona is moving ahead with construction of its permanent, Class III casino, with an eye toward completion by spring of 2019. The tribe has been getting … Continue reading →

Posted in Architecture, Arizona, International, Macau, Regulation, Sheldon Adelson, Tribal, Wall Street, Wisconsin | Comments Off on Arizona tribe moves ahead; The king and Adelson

MGM rebuffed in Connecticut; Taking the Trump out of the Taj

Posted on June 23, 2017 by David McKee

For the second time, a federal court has ruled against MGM Resorts International in its attempts to wrest a casino license away from Mohegan Sun and Foxwoods Resort Casino. According to the Hartford Courant, the court held that “the company … Continue reading →

Posted in Architecture, Atlantic City, Donald Trump, Foxwoods, GameCO, Glenn Straub, Hard Rock International, Harrah's, Macau, Maryland, MGM Mirage, Mohegan Sun, Pennsylvania, Regulation, Revel, Technology, Tropicana Entertainment | 1 Comment

Big Brother lives in Japan; Zinke betrays tribes

Posted on June 21, 2017 by David McKee

Imagine that you had to display your Social Security card every time you visited a casino, and have that data recorded and reported. It would kind of put you off gambling, wouldn’t it? Well, it’s an idea being floated in … Continue reading →

Posted in Donald Trump, Florida, Japan, Macau, Politics, Problem gambling, Regulation, Seminole Tribe, Singapore, South Korea, Tribal | Comments Off on Big Brother lives in Japan; Zinke betrays tribes

Phlegmatic about Macao; New Jersey warns Trump

Posted on June 19, 2017 by David McKee

* Wall Street analysts have been descending upon Macao and we’re told to expect a rebranding of Sands Cotai Central “as its brand doesn’t have traction like Venetian, Wynn, and City of Dreams,” writes JP Morgan analyst Joseph Greff. That … Continue reading →

Posted in Donald Trump, Internet gambling, Kazuo Okada, Law enforcement, Macau, Melco Crown Entertainment, Philippines, Politics, Sheldon Adelson, Sociedade de Jogos de Macau, Steve Wynn, The Crown 18, Transportation, Wall Street | Comments Off on Phlegmatic about Macao; New Jersey warns Trump

Adelson in the catbird seat; Lui has advice for Macao

Posted on June 12, 2017 by David McKee

We’re still a long way from requests for proposals for Japanese megaresorts but one source is already tapping Las Vegas Sands as a finalist. (Hardly a radical prediction, it’s true.) The tip comes from Morningstar Investment Management Asia analyst Chelsey … Continue reading →

Posted in Atlantic City, Boyd Gaming, Crown Resorts, Galaxy Entertainment, Genting, Harrah's, Japan, Law enforcement, Macau, Melco Crown Entertainment, Oklahoma, Regulation, Scientific Games, Sheldon Adelson, Singapore, Sports, Technology, Tourism, Tribal | Comments Off on Adelson in the catbird seat; Lui has advice for Macao

Pennsylvania bill gives some, takes more; MGM discloses new plans

Posted on June 8, 2017 by David McKee

Pennsylvania‘s House of Representatives has passed a gambling-expansion bill that gives with one hand but takes away more with the other. The bill, which still must pass the state Senate would: legalize DFS, pending a 19% tax and $50,000 licensing … Continue reading →

Posted in CityCenter, Dan Gilbert, GLPI, Hard Rock International, Internet gambling, Macau, MGM Mirage, Ohio, Penn National, Pennsylvania, Pinnacle Entertainment, Politics, Slot routes, Taxes, Wall Street | 1 Comment

Galaxy targets Japan; Tribes expand Connecticut demands

Posted on June 2, 2017 by David McKee

“We believe that Japan has a huge opportunity to create something unique that doesn’t just follow the Vegas model seen in many other markets around the world.” With those words, Galaxy Entertainment President Michael Mecca announced that Galaxy was in … Continue reading →

Posted in Downtown, Economy, Foxwoods, Galaxy Entertainment, Illinois, Internet gambling, Japan, Lucky Dragon, Macau, MGM Mirage, Mohegan Sun, Neil Bluhm, Politics, Taxes | Comments Off on Galaxy targets Japan; Tribes expand Connecticut demands

Macao resurgence continues; Skill-based slots get second wind

Posted on June 2, 2017 by David McKee

As Galaxy Entertainment CEO Lui-Che Woo is fond of pointing out, it will take two years of positive results before Macao can be said to have recovered from its revenue collapse. That being said, May’s results — 24% up — … Continue reading →

Posted in Atlantic City, Economy, Foxwoods, Galaxy Entertainment, GameCO, Harrah's, Macau, MGM Mirage, Movies, Technology, Tribal, Tropicana Entertainment, Wall Street, Wayne F. Newton | Comments Off on Macao resurgence continues; Skill-based slots get second wind

Sands Bethlehem sale fizzles; Packer peddles Alon acreage

Posted on May 25, 2017 by David McKee

For the second time, Las Vegas Sands has decided that Sands Bethlehem was too valuable to sell, especially after it set a state record for table game revenue. (Earlier, Sands was bruited to be in talks with Tropicana Entertainment to … Continue reading →

Posted in Atlantic City, Charity, Eldorado Resorts, Harrah's, Internet gambling, Iowa, Isle of Capri, James Packer, Macau, Melco Crown Entertainment, MGM Mirage, Pennsylvania, Phil Ruffin, Sheldon Adelson, Slot routes, Steve Wynn, The Strip, Tropicana Entertainment | Comments Off on Sands Bethlehem sale fizzles; Packer peddles Alon acreage

Quote of the Day

Posted on May 18, 2017 by David McKee

“We fully understand the central government’s concerns regarding capital flight. If it is perceived that money is being washed through Macao, it might lead to the tightening of visa restrictions. We need to clearly demonstrate to the central government that … Continue reading →

Posted in Galaxy Entertainment, Law enforcement, Macau, Regulation, Taxes | Comments Off on Quote of the Day

Solution in search of a problem; Trump causes Macao jitters

Posted on May 18, 2017 by David McKee

As it its civic duty, Plainridge Park racino pays into the local Community Mitigation Fund. Now it’s being ill-repaid by Norfolk District Attorney Michael Morrissey, who wants 75 dimes of CMF money to investigate crimes his office says are “stemming directly” … Continue reading →

Posted in Arizona, Donald Trump, Law enforcement, Macau, Massachusetts, MGM Mirage, Penn National, Politics, Regulation, Sheldon Adelson, Steve Wynn, The Strip, Tourism, Tribal, Wall Street | Comments Off on Solution in search of a problem; Trump causes Macao jitters

Higher taxes mooted for Atlantic City; Trump into Philippines?

Posted on May 10, 2017 by David McKee

Someone has belatedly noticed that Atlantic City is, in essence, a tax haven for casino operators. They pay 9.25%, compared to Pennsylvania‘s 55% on slots, for instance, or Maryland‘s patchwork of tax rates, which top out at 60%. That’s not … Continue reading →

Posted in Atlantic City, Donald Trump, GLPI, Harrah's, Lake Tahoe, Law enforcement, Lawrence Ho, Macau, Maryland, Melco Crown Entertainment, Missouri, New York, Penn National, Pennsylvania, Pinnacle Entertainment, Taxes, Technology | Comments Off on Higher taxes mooted for Atlantic City; Trump into Philippines?

New crackdown in Macao; Death in Downtown

Posted on May 9, 2017 by David McKee

That chill wind you feel blowing through Macao is the local government’s trepidation about the $1 billion-plus in cash withdrawals that are being made from Macanese ATMs. “The amounts are eye-watering – HK$10 billion-a-month is a conservative estimate. The banks have been … Continue reading →

Posted in Downtown, Law enforcement, Macau, Marketing, Sports, Uncategorized, Wall Street | Comments Off on New crackdown in Macao; Death in Downtown

Ho upbeat on Macao, Japan; Showdown for Gun Lake Tribe

Posted on May 3, 2017 by David McKee

Macao could be a $45 billion-a-year market again, says Lawrence Ho, who calls himself extremely bullish on the enclave’s prospects. He’s not been snorting coke, according to Union Gaming Group analyst Grant Govertsen, who calls it “achievable target for Macao … … Continue reading →

Posted in Economy, Japan, Lawrence Ho, Macau, Melco Crown Entertainment, Politics, Tribal, Wall Street | Comments Off on Ho upbeat on Macao, Japan; Showdown for Gun Lake Tribe

Warming trend continues in Macao; Shifty dealings in Maine

Posted on May 2, 2017 by David McKee

Gaming revenues in Macao rose 16% in April, a result that Deutsche Bank analyst Carlo Santarelli deemed “modestly better than expected.” That’s damning with faint praise. JP Morgan analyst Joseph Greff also shrugged off the numbers as “about as expected.” … Continue reading →

Posted in California, Donald Trump, Downtown, Eldorado Resorts, Entertainment, Horseracing, International, Macau, Maine, Maryland, MGM Mirage, New York, PokerStars, Politics, Regulation, Tribal, TV, Wall Street | Comments Off on Warming trend continues in Macao; Shifty dealings in Maine