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- David McKee on Sibella scandal spreads; Supremes forestall Seminoles
- Ray Lebowski on Sibella scandal spreads; Supremes forestall Seminoles
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Category Archives: Macau
Shady dealings in D.C.; New bromance between GLPI and Pinnacle
Voters in Washington, D.C., could find themselves voting on a casino initiative this November. A 9,000-square-foot gambling house has been proposed for Anacostia. It would have slots, blackjack and other table games but, strangely enough, no slots or electronic table … Continue reading
Strong month for the Strip; Tohono O’odham win big-time
February gaming revenues were 8% higher in Nevada (to $990 million), with a 7% increase on the Las Vegas Strip. Locals-casino revenue rose 11%, driven in part by 4% more coin-in and 8% greater table play. Slot revenue on the … Continue reading
Posted in Arizona, Boulder Strip, California, Downtown, Economy, Lake Tahoe, Laughlin, Macau, North Las Vegas, Politics, Reno, Steve Wynn, The Strip, Tourism, Transportation, Tribal
1 Comment
Perversity in Macao; MGM Springfield gets underway
In a seemingly perverse move, Macao Chief Executive Fernando Chui rejected a lifeline that the Beijing government was trying to throw to his city. The former had announced its intention to “optimize and adjust” the Individual Visit Scheme that brings … Continue reading
Posted in Architecture, Economy, Florida, Foxwoods, Macau, Massachusetts, MGM Mirage, Mohegan Sun, Taxes, Tourism, Tribal
1 Comment
Sands, MGM butt heads over taxes; Adelson ships dealers to Singapore
Even before the ink was dry on yesterday’s poll numbers, Las Vegas Sands President Rob Goldstein was in front of the Southern Nevada Tourism Infrastructure Committee, stumping for a $1.3 billion, taxpayer-funded, NFL-ready stadium. The 65,000-seat facility would be built on the … Continue reading
Posted in Economy, Macau, MGM Mirage, New York, Sheldon Adelson, Singapore, Sports, Taxes, The Strip, Tribal
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Tribal gaming comes to Indiana; Casinos change hands in Macao
Indiana casinos are on course to face a significant new competitor: a $400 million project in South Bend, bankrolled by the Pokagon Band of Potawatomi Indians. No date has been set for the beginning of construction but the Potawatomi have struck … Continue reading
Posted in Indiana, International, Macau, Regulation, Stanley Ho, Taxes, Tribal
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Adelson’s $10 billion bet; PokerStars comes to Atlantic City
Sheldon Adelson is desperate to get into South Korea. He doesn’t need to articulate it: Las Vegas Sands‘ actions say as much. The company has vowed to do “whatever it takes” to penetrate the market. “Anything” includes raising the prospective … Continue reading
Posted in Atlantic City, Economy, Genting, Internet gambling, Japan, Macau, Mohegan Sun, PokerStars, Regulation, Sheldon Adelson, Singapore, South Korea, Tourism
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Adelson sets the pace; Philippine gaming scandal grows legs
As March gets off to a week start in Macao, operators who don’t yet have a presence on the giant landfill known as Cotai — namely Wynn Resorts, MGM Resorts International and Sociedade de Jogos de Macau — are being … Continue reading
Posted in Law enforcement, Macau, Marketing, Massachusetts, Melco Crown Entertainment, MGM Mirage, Penn National, Philippines, Regulation, Sheldon Adelson, Stanley Ho, Steve Wynn, Wall Street
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New Jersey sticks it to Atlantic City; No payday for Suen
Life just got a little more difficult for Atlantic City. Casino owners will have to dig into their pockets in order to defeat a ballot initiative to end their monopoly on casino gambling. The referendum mustered the necessary supermajorities to … Continue reading
Posted in Architecture, Atlantic City, Election, Glenn Straub, Macau, Massachusetts, Penn National, Politics, Sheldon Adelson, Tribal
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Wynn, Sands, Penn meet the Street
JP Morgan analyst Joseph Greff has had a busy week, meeting with most of the top companies in gaming. First up was Penn National Gaming, which had little new to report on the Tropicana Las Vegas other than it was … Continue reading
Posted in Economy, GLPI, Illinois, M Resort, Macau, Marketing, Massachusetts, Mississippi, Penn National, Sheldon Adelson, Singapore, Slot routes, Steve Wynn, The Strip, Wall Street
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Galaxy thinks big; Hoping against hope in Illinois
Feeling the pressure to diversify the market appeal of his casino resorts, Galaxy Entertainment CEO Lui Che-Woo is talking vaguely about a theme park, “something special and high-tech,” similar to the movie Avatar. Note that James Cameron isn’t explicitly involved … Continue reading
Posted in Entertainment, Galaxy Entertainment, Illinois, Kentucky, Macau, Politics, Sheldon Adelson
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Illinois casinos stave off competition; Palms potentially for sale
Despite being increasingly besieged by slot routes, Illinois casinos had a good February, up 5%. Foot traffic was 3% higher and customer spending rose 2%. Two operators had revenue-negative months, with MGM Resorts International off 1% at Grand Victoria Elgin, while … Continue reading
DFS’ stormy seas; Glimmer of hope for Macao
By charging blindly into uncharted waters, the daily fantasy sports industry has made a shipload of trouble for itself. Case in point, defunct (or at least comatose) DFS site FantasyUp. The latter pulled the rug out from under its customers, … Continue reading
Posted in California, Environment, Harry Reid, Internet gambling, Macau, Melco Crown Entertainment, MGM Mirage, Politics, Regulation, Sheldon Adelson, Steve Wynn, Transportation, Wall Street
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Study: Triads rampant in Macao casinos
Wow, what a shocker — not. A new study by T. Wing Lo and Sharon Ingrid Kwok of the City University of Hong Kong for the British Journal of Criminology reports that casino operators look for junket partners who have ‘dor’ or … Continue reading
Posted in Election, Law enforcement, Macau, Marketing, Massachusetts, MGM Mirage, Neil Bluhm, Regulation, Rhode Island, Stanley Ho, Steve Wynn, The Mob, Tribal
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Quote of the Day
“Thirteen is my lucky number and the new name along with the new logo fit perfectly with my vision. There is a hint of tradition while also suggesting a chic and fun edginess.” — Louis XIII hotel Co-Chairman Stephen Hung, on … Continue reading
Posted in Architecture, Macau
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End of an Atlantic City era; Has Macao bottomed out?
Last weekend saw Trump Taj Mahal pass into the hands of Carl Icahn, becoming a wholly owned subsidiary of Tropicana Entertainment. That is cause for optimism at the Taj, which has gone from being one of Atlantic City‘s three top … Continue reading
Posted in Atlantic City, Carl Icahn, Donald Trump, Economy, Harrah's, Macau, Melco Crown Entertainment, MTR Gaming, Technology, Tropicana Entertainment, Trump Entertainment Resorts, Unite-Here, Wall Street
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Scientific’s surprising results; Gaming advancing in Georgia
An upturn in the replacement cycle (8,990 slots shipped) helped Scientific Games post a 10% revenue increase last quarter. A mix of impairment charges, writedowns and consolidation costs led the mega-supplier to a $128 million loss for the quarter, but … Continue reading
Wynn Everett’s uncertain destiny; Buyer for F-blew?
Forget those plans you were making to visit Wynn Everett. The casino resort won’t open until 2019, maybe later. Somerville Mayor Joseph Curtatone has thrown a monkey wrench into the works with his appeal of Wynn Resorts‘ waterside-construction permit. In … Continue reading
Posted in Carl Icahn, Environment, Fontainebleau, Macau, Massachusetts, Sheldon Adelson, South Korea, Steve Wynn, The Strip
1 Comment
Scarlet Pearl a hit; Adelson plays for time
Gulf Coast casino revenues grew 15% last month, topping the $100 million mark for the first time in eight years. Newbie Scarlet Pearl Casino is getting the credit for growing the market in such a dramatic fashion. Despite a decline … Continue reading
Posted in Economy, Macau, Mississippi, New York, Sheldon Adelson, Taxes, Tribal
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Banner week for Wynn, Station; Life after Macao for MGM
Station Casinos closed out the year on a strong note, posting its 11th straight quarter of net revenue growth and 19th of improved cash flow. It marked blue-ribbon finish to a year that saw the highest revenues for the company … Continue reading
Posted in CityCenter, Detroit, Harrah's, Macau, MGM Mirage, Mississippi, Station Casinos, Steve Wynn, The Strip, Tourism, Transportation, Wall Street
3 Comments
New Jersey resumes sports-betting push; Sheldon Adelson gets his man
New Jersey is hoping the third time is the charm in its attempt to get sports betting OK’d by the Third Circuit Court of Appeals. With four major sporting leagues and the NCAA aligned against it, New Jersey’s is a … Continue reading
Posted in ABBA, Atlantic City, Donald Trump, Election, Entertainment, International, Internet gambling, Macau, MGM Mirage, Pansy Ho, Politics, Regulation, Sheldon Adelson, Sports, The Strip
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