Category Archives: Macau

Penn National backpedals; Feral bunnies terrorize Vegas

Posted on February 2, 2017 by David McKee

Penn National Gaming released fourth-quarter numbers and, according to Deutsche Bank‘s Carlo Santarelli acknowledged a “difficult start” at Hollywood Jamul (this despite having an extra-long runway to get the new property aloft). Santarelli called the tribal casino a “drag” on … Continue reading →

Posted in Animals, Atlantic City, California, Dining, Donald Trump, Election, Glenn Straub, GLPI, Hard Rock International, history, Illinois, Iowa, Japan, Macau, Marketing, Penn National, Regulation, Revel, Sheldon Adelson, Slot routes, Steve Wynn, Technology, The Strip, Tribal, Trump Entertainment Resorts, Wall Street, West Virginia | Comments Off

Crescendo of criticism in Connecticut; Adelson has solid 3Q17

Posted on January 27, 2017 by David McKee

“These legislators have it right, and they are proposing what Connecticut should have done from day one: put in place a process that is fair, open, transparent, reliable, and competitive,” said MGM Resorts International spokesman Alan Feldman, as opposition to … Continue reading →

Posted in California, Donald Trump, Election, Foxwoods, Macau, MGM Mirage, Mohegan Sun, Neil Bluhm, New York, Politics, Sheldon Adelson, Singapore, The Strip, Tribal | Comments Off

Wynn Palace a work in progress; Hawaii ponders i-gaming

Posted on January 27, 2017 by David McKee

Wall Street analysts were pleasantly surprised by the latest results from Wynn Palace, which exceeded expectations. As JP Morgan analyst Joseph Greff wrote, the Palace “has reconfigured the main casino floor (mass market), adding new slot/poker sections and opening up … Continue reading →

Posted in Delaware, Economy, Hawaii, Internet gambling, Macau, Massachusetts, Neil Bluhm, Nevada, Penn National, Pennsylvania, Regulation, Sheldon Adelson, Steve Wynn, Technology, The Strip, Wall Street | Comments Off

Maryland: Playing the blame game; Island casinos confront Trump

Posted on January 25, 2017 by David McKee

As might be expected, MGM National Harbor‘s opening strapped a jet pack on Maryland casino revenues for December, which came in at $133.5 million, easily surpassing last May’s then-record $104 million. Wagering — as opposed to win — per slot … Continue reading →

Posted in Cordish Co., Donald Trump, Economy, Harrah's, Horseracing, Illinois, International, Internet gambling, Macau, Maine, Maryland, MGM Mirage, Penn National, Racinos, Regulation, Slot routes, Taxes, Tribal | Comments Off

Ideas plentiful, funding scarce

Posted on January 23, 2017 by David McKee

Maybe the third try will be the charm. Australian entrepreneur Josh Kearney has announced an $800 million, extreme-sports-themed resort, to arise just northeast of Town Square Mall (built on the grave of the troubled Vacation Village Casino). The Edge, as … Continue reading →

Posted in Australia, Economy, history, International, James Packer, Law enforcement, Lucky Dragon, Macau, Steve Wynn, The Crown 18, The Strip, Tribal, Wall Street, Wisconsin | Comments Off

Caesars liberated from bankruptcy; Wynn pitches tantrum

Posted on January 19, 2017 by David McKee

It’s not the end, nor the beginning of the end but the end of the beginning for the Caesars Entertainment bankruptcy, to paraphrase Winston Churchill. So protracted has the bankruptcy been that its quiet resolution comes as an anticlimax.”I’ve never … Continue reading →

Posted in Architecture, Donald Trump, Georgia, Harrah's, International, Japan, Macau, Maryland, MGM Mirage, Politics, South Korea, Steve Wynn, Wall Street | 1 Comment

MGM’s big rake in Washington; Resort projects power Massachusetts

Posted on January 18, 2017 by David McKee

It should come as no surprise that Washington, D.C., the land of smoke-filled rooms where sleazy deals are made, should be deliver a bumper crop of players to MGM National Harbor‘s 39-table poker room. Even with a truncated month of … Continue reading →

Posted in Architecture, Donald Trump, Geoff Freeman, GLPI, International, Internet gambling, Macau, Maryland, Massachusetts, MGM Mirage, Penn National, Pennsylvania, Philippines, Politics, Regulation, Rhode Island, Singapore, Sports, Steve Wynn, Taxes, Tourism, Vietnam, Wall Street | 1 Comment

Trump vs. Las Vegas; E-sports is big busine$$

Posted on January 12, 2017 by David McKee

“Donald Trump is the most uninformed president the U.S. has ever had. This is not an opinion. It is based on the realities of how human beings communicate: He does not read. ‘[Trump] said in a series of interviews that he does not … Continue reading →

Posted in Affinity Gaming, Atlantic City, Donald Trump, Downtown, Economy, Entertainment, Harrah's, International, Internet gambling, Macau, Marketing, MGM Mirage, Mississippi, Regulation, Sheldon Adelson, Sports, Steve Wynn, The Strip, Tourism, Tropicana Entertainment, Wall Street | Comments Off

Quote of the Day

Posted on January 11, 2017 by David McKee

“We have not considered that yet. Because we need to do well on our Grand Lisboa Palace project now, as the project is in full swing.” — Sociedade de Jogos de Macau Executive Director Angela Leong, dismissing rumors of a … Continue reading →

Posted in Japan, Macau, Sociedade de Jogos de Macau | Comments Off

2017: Boom or bust?

Posted on January 4, 2017 by David McKee

Vital Vegas, whose predictive skills are superior to ours, recently came out with a blockbuster, forecasting that Las Vegas Sands or MGM Resorts International or Wynn Resorts (or maybe some combination of the above) might be headed into bankruptcy. “Tectonic … Continue reading →

Posted in Atlantic City, Detroit, Economy, Harrah's, Japan, Macau, MGM Mirage, Regulation, Sheldon Adelson, Steve Wynn, Wall Street | 1 Comment

Macao: Cautious recovery predicted; Straub sets Revel reopening

Posted on December 30, 2016 by David McKee

“Does the fact that Macao has an Eiffel Tower now bring extra people to the market,” asked Union Gaming Group analyst Grant Govertsen rhetorically. “Yes, but their main activity here will still be gaming.” “They” includes players from as far … Continue reading →

Posted in Atlantic City, CityCenter, Dining, Economy, G2E, Glenn Straub, Internet gambling, Japan, Lawrence Ho, Macau, Revel, Sheldon Adelson, The Strip, Tourism, Transportation, Wall Street | 1 Comment

Macao: Big brother is watching; Quandary in Indiana

Posted on December 9, 2016 by David McKee

Just as it looked that Macao was beginning to climb out of one government-created crisis, along comes another. According to a report in the South China Morning Post, the central government was cutting the maximum withdrawal amount from UnionPay ATMs … Continue reading →

Posted in Ameristar, Boyd Gaming, Full House Resorts, GLPI, Harrah's, Indiana, Macau, Majestic Star, Penn National, Pinnacle Entertainment, Racinos, Regulation, Sheldon Adelson, Singapore, Tropicana Entertainment, Wall Street | Comments Off

Pennsylvania gets a second look; Tioga Downs debuts new casino

Posted on December 6, 2016 by David McKee

Funny that we should have been discussing Pennsylvania yesterday. Fitch Ratings analyst Alex Bumazhny made a field trip to Philadelphia and Bethlehem, and came away impressed by the $164 million expansion of SugarHouse. He concluded that its new features, which … Continue reading →

Posted in Cordish Co., Economy, Harrah's, Horseracing, Lucky Dragon, Macau, Marketing, Melco Crown Entertainment, MGM Mirage, Neil Bluhm, New York, Penn National, Pennsylvania, Racinos, Singapore, Stanley Ho, Taxes, The Strip, Wall Street | 1 Comment

Running the tables in Pennsylvania; MGM woos Georgia (again)

Posted on December 5, 2016 by David McKee

Due to Pennsylvania‘s quirky habit of releasing slot and table game revenue numbers in staggered fashion, we don’t often comment on Keystone State gambling revenues. Fortunately, the Center for Gaming Research at UNLV consolidates the information into one handy-dandy report. … Continue reading →

Posted in Architecture, Aristocrat, Australia, Cosmopolitan, Economy, Eldorado Resorts, Georgia, GLPI, Greenwood Racing, Harrah's, Hooters, Isle of Capri, Macau, Maryland, MGM Mirage, Mohegan Sun, Neil Bluhm, Penn National, Pennsylvania, Pinnacle Entertainment, Politics, Racinos, Sheldon Adelson, Slot routes, SLS Las Vegas, Taxes, The Strip, Tourism, Transportation | Comments Off

Caesars: No free ride; Straub sues New Jersey

Posted on December 1, 2016 by David McKee

In an utterly predictable move, Caesars Entertainment will begin charging for parking at its Las Vegas Strip casinos in late December, at the same when MGM Resorts International‘s paid-parking regime is expected to go wide, encompassing locals. (December 29 is … Continue reading →

Posted in Atlantic City, Economy, Encore, Entertainment, Glenn Straub, Harrah's, Japan, Macau, MGM Mirage, Movies, Politics, Regulation, Revel, Steve Wynn, The Strip, Tourism, Wall Street | 1 Comment

Reboot for Wynn Palace; Does Trump still heart sports betting?

Posted on November 30, 2016 by David McKee

Gaming analysts confirm reports of a slow opening at Wynn Palace in Macao, likening its performance to that of the early days of Studio City — not the sort of comparison Wynn Resorts probably wanted to hear. Room rates have … Continue reading →

Posted in Atlantic City, Donald Trump, Economy, Horseracing, Internet gambling, Macau, Melco Crown Entertainment, Politics, Racinos, Sports, Steve Wynn | 1 Comment

Strip booms in October; Trouble in Tiverton

Posted on November 29, 2016 by David McKee

Not even a 16.5% decline in table wagers could hold back the Las Vegas Strip last month, as gaming revenues shot up 14%, to $563 million. Statewide, casinos didn’t do so badly either, up 11%. The one-armed bandits on the … Continue reading →

Posted in Boulder Strip, Downtown, Economy, Foxwoods, history, Iowa, Japan, Lake Tahoe, Laughlin, Lucky Dragon, Macau, Massachusetts, Mesquite, Mohegan Sun, Nevada, North Las Vegas, Penn National, Rhode Island, Taxes, The Strip | 1 Comment

Trump Taj saves Atlantic City; Barrack resurfaces; Visiting Memory Lane

Posted on November 17, 2016 by David McKee

When we rounded up Atlantic City gaming numbers yesterday, we didn’t get into market-adjusted comparisons and thus buried the lead. The Boardwalk’s surviving casinos saw, on average, a 6% increase in gaming revenue, thanks to the Oct. 10 closing of … Continue reading →

Posted in Arizona, Atlantic City, Carl Icahn, Cirque du Soleil, Colony Capital, Donald Trump, Economy, Entertainment, Genting, history, Internet gambling, Japan, Law enforcement, Louisiana, Macau, Maryland, Mississippi, Ohio, PokerStars, Regulation, Revel, Sahara, Sheldon Adelson, Sports, Steve Wynn, Taxes, The Strip, West Virginia, Wisconsin | 1 Comment

Japan: Another failure; Reading the Trump tea leaves

Posted on November 15, 2016 by David McKee

According to Morgan Stanley analysts, the chances of pro-casino legislation passing in Japan this year are “quite low.” Yes, Prime Minister Shinzo Abe has booted the ball yet again. His big push [sic] to bring casinos to the Land of … Continue reading →

Posted in Architecture, California, Delaware, Donald Trump, Florida, Genting, Internet gambling, James Packer, Japan, Law enforcement, Macau, MGM Mirage, Nevada, Politics, Sheldon Adelson, Singapore, South Korea, Station Casinos, Tourism, Tribal | Comments Off

Trump, Adelson make a deal; Brazil moves toward casinos

Posted on November 14, 2016 by David McKee

Donald Trump may have sold his soul to the Las Vegas Review-Journal and cheaply at that. Pro-Trump Global Gaming Business is reporting that the mogul promised not to oppose Sheldon Adelson‘s anti-Internet gaming legislation if only the R-J would endorse … Continue reading →

Posted in Dining, Donald Trump, Election, Entertainment, International, Internet gambling, Macau, Mohegan Sun, Pennsylvania, Politics, Stanley Ho, Taxes, The Strip, Tourism | Comments Off