Category Archives: Macau

Okada vs. Wynn, Round Two; Nevada wins, players lose

Posted on February 14, 2012 by David McKee

Having spent all weekend and most of yesterday laboring over an in-depth think piece for CityLife (a future-of-Vegas thing), I’ll admit to being pretty well fried. But the news never sleeps — much as one might wish otherwise, sometimes — … Continue reading →

Posted in Boyd Gaming, Cretins, Current, Dining, International, Macau, Marketing, Midnight Jim Gibbons, Regulation, Sheldon Adelson, Steve Wynn, Taxes, The Strip, Wall Street | 1 Comment

More bad news for Adelson

Posted on February 9, 2012 by David McKee

It’s hard to say which is funnier or more hubristic: Sheldon Adelson‘s ongoing conceit that he could buy the presidency of the United States or his arrant naiveté, thinking that such ham-fisted involvement in the electoral process wouldn’t bring him … Continue reading →

Posted in Macau, Regulation, Sheldon Adelson | 2 Comments

China to Cirque: “Pas encore!”

Posted on February 9, 2012 by David McKee

Cirque du Soleil® has laid another oeuf — or Las Vegas Sands has claimed yet another showbiz victim. Its resident show at Venetian Macao, Zaia™, is closing after a 42-month run. Either the touchy-feely, eco-friendly whimsies of Zaia™ were too … Continue reading →

Posted in Cirque du Soleil, CityCenter, Economy, Entertainment, Horseracing, International, Macau, MGM Mirage, Pennsylvania, Sheldon Adelson, The Strip, Tourism | Comments Off on China to Cirque: “Pas encore!”

Adelson does damage control; Caesars IPO Part 2: Boom or bust?

Posted on February 8, 2012 by David McKee

It was “unfortunate” for Sheldon Adelson that he wore the uniform of the United States of America, the country that made him rich? Seriously? Not many of us would use our spouses as human shields. But then again, not many … Continue reading →

Posted in Ameristar, Boyd Gaming, Charity, Cordish Co., Don Barden, Economy, Election, Harrah's, history, Illinois, Indiana, International, Macau, Penn National, Pinnacle Entertainment, Racinos, Sheldon Adelson, Steve Wynn, The Strip, Tropicana Entertainment, Wall Street | Comments Off on Adelson does damage control; Caesars IPO Part 2: Boom or bust?

Adelson’s perfidy and big karmic payback

Posted on February 6, 2012 by David McKee

Last Saturday, Sheldon Adelson personally presided over the Special Supplemental Sheldon Adelson Presidential Caucuses (an event hijacked from the state GOP) at the Dr. Miriam & Sheldon G. Adelson Educational Campus … and stepped in it again. Adelson’s footpads, according … Continue reading →

Posted in Dining, Election, Florida, Macau, MGM Mirage, Regulation, Sheldon Adelson, Stanley Ho, Steve Wynn, The Strip, Wall Street | 3 Comments

Caesars IPO: It’s baaaaaack! Adelson: I’ll take Taiwan

Posted on February 3, 2012 by David McKee

In a pathetically underwhelming announcement, Caesars Entertainment is planning to float an IPO of 1.8 million shares, priced to move at a modest $8-$10 per share. Which means, best-case scenario, that CEO Gary Loveman will raise $18 million, tops, from … Continue reading →

Posted in Boyd Gaming, Current, G2E, Harrah's, International, Macau, Maryland, Massachusetts, Ohio, Penn National, Regulation, Sheldon Adelson, The Strip, Wall Street | 3 Comments

The clueless Adelson; A happy birthday; Big Brother Penn

Posted on January 27, 2012 by David McKee

Yes, it’s yet another exciting episode of The New(t) Adventures of Sheldon Adelson. When, in typically unsubtle (read: crass) fashion, the casino potentate began pouring kegs full of money into the current presidential race, it was bound to set off … Continue reading →

Posted in Columbia Sussex, Current, Election, Environment, Harrah's, M Resort, Macau, Missouri, Ohio, Penn National, Sheldon Adelson, Steve Wynn | 3 Comments

When executives attack; Sheldon’s new beard; Wall Street loves it some MGM

Posted on January 24, 2012 by David McKee

Few YouTube feeds are more prolific and state of the art than that of Station Casinos (although they really ought to think twice about posting cell-phone footage online; it looks rinky-dink). However, what you will not see is an ad … Continue reading →

Posted in Atlantic City, Boyd Gaming, Colony Capital, Culinary Union, Current, Election, Florida, Macau, MGM Mirage, Sheldon Adelson, Station Casinos, Texas, TV, Wall Street | 2 Comments

Florida: How much is too much?; Sheldon Adelson, ventriloquist

Posted on January 20, 2012 by David McKee

Those $2 billion megaresorts mooted for Florida will have a much easier time making their nut if state Rep. Erik Fresen (R, left) holds sway. In an attempt to woo recalcitrant conservatives, Fresen is proposing various restraints on gambling’s growth … Continue reading →

Posted in Economy, Election, Florida, Fontainebleau, Genting, International, Internet gambling, Isle of Capri, Macau, Politics, Racinos, Sheldon Adelson, Tourism | 1 Comment

Wynn & Okada: The bromance sours

Posted on January 13, 2012 by David McKee

Today’s Wall Street Journal confirms yesterday’s S&G tea-leaf reading that Kazuo Okada was being a naughty boy, bruiting about possible Wynn Resorts involvement in the Philippines, even showing “designs similar to iconic Wynn casinos, according to people familiar with the … Continue reading →

Posted in Architecture, Current, International, Macau, Steve Wynn, The Strip, Wall Street | Comments Off on Wynn & Okada: The bromance sours

Trouble at Wynncore; ‘Phantom’ exorcised

Posted on January 12, 2012 by David McKee

Steve Wynn (no introduction required) and old pal — and major investor — Kazuo Okada are having a falling-out that spilled into the files of the SEC. Okada has lined up heavyweight Las Vegas law firm Lionel Sawyer & Collins … Continue reading →

Posted in Dining, Entertainment, Harrah's, International, Macau, MGM Mirage, Regulation, Sheldon Adelson, Steve Wynn, Wall Street | 2 Comments

Sunshine State sap

Posted on January 10, 2012 by David McKee

Backers of Florida casinos, working under the rubric of Associated Industries of Florida, evidently take voters down there for simpletons. Their ‘See Spot Run’ pitch for casino-based destination resorts describes something that sounds very much like Venelazzo or Wynncore, then … Continue reading →

Posted in Architecture, Atlantic City, Boyd Gaming, Florida, history, Macau, Marketing, MGM Mirage, Politics, Sheldon Adelson, Singapore, Steve Wynn, The Strip, Tourism, Tribal | Comments Off on Sunshine State sap

Adelson vacillates; Macao triumphs; Name of infamy

Posted on January 4, 2012 by David McKee

Showing something less than his usual decisiveness, Sheldon Adelson continues to send mixed signals with regard to his intentions in his native Massachusetts. He’s re-upped with Boston-based lobbyist firm Donoghue Barrett & Singal. However, despite years of scouting the market, … Continue reading →

Posted in Colony Capital, Current, Economy, Goldman Sachs, Harrah's, Iowa, Macau, Massachusetts, Penn National, Regulation, Sheldon Adelson, The Strip, Wall Street | Comments Off on Adelson vacillates; Macao triumphs; Name of infamy

Pride and Pepto-Bismol

Posted on December 28, 2011 by David McKee

Santa Claus was a little over-generous this year, was my waning flu was topped off with a Christmas Night onset of acid reflux, in St. Nick-sized portions. Being almost 40 lbs. overweight, feeling the tightness in my chest, and with … Continue reading →

Posted in Cretins, Current, Dining, history, Illinois, International, Macau, Singapore, The Strip | 5 Comments

Pennsylvania gives thanks; Aqueduct, superstar

Posted on December 16, 2011 by David McKee

This has been a terrible fortnight for S&G but, hey, we’ve got some good news from Pennsylvania. Last month’s gambling revenues were reported this morning and they’re up 12%, thanks mostly to the growing popularity of table games. (Atlantic City, … Continue reading →

Posted in Atlantic City, Bally Technologies, Cannery Casino Resorts, Current, Economy, Genting, IGT, Illinois, Macau, Neil Bluhm, Pennsylvania, Racinos, Sheldon Adelson, Singapore, Steve Wynn, Tribal, Wall Street, WMS Industries | 2 Comments

Quote of the Day

Posted on December 6, 2011 by David McKee

“You had to have a kind of intuitive courage. I’m not well-suited to those kinds of decisions.” — Gary Loveman, to Bloomberg Businessweek, on why he thought $900 million was too high a price for getting then-Harrah’s Entertainment into Macao. … Continue reading →

Posted in Harrah's, history, Macau | Comments Off on Quote of the Day

Fight the power

Posted on December 2, 2011 by David McKee

PROTECT IP / SOPA Breaks The Internet from Fight for the Future on Vimeo. Sheldon Adelson and Steve Wynn are huge admirers of the despotic government of China, which censors the Internet wholesale. So I’m sure they just lurve this … Continue reading →

Posted in Current, Internet gambling, Macau, Regulation, Sheldon Adelson, Steve Wynn, Technology | Comments Off on Fight the power

Quote of the Day

Posted on November 30, 2011 by David McKee

“We do find it disconcerting that it seems virtually everyone is on the same side of the fence. The argument seems to center around the fact that Macau did so well during a period of fiscal tightening in China, just … Continue reading →

Posted in Economy, Macau, Regulation, Wall Street | Comments Off on Quote of the Day

Boyd: Trapped in Florida; Sands muzzled in Singapore; Good vibes in Macao

Posted on November 29, 2011 by David McKee

This is a good time to be in Florida, right? Not if you’re Boyd Gaming and have been trying to unload Dania Jai-alai, souvenir of a half-assed venture into the Sunshine State’s racino market. The company has scrapped an $80 … Continue reading →

Posted in Boyd Gaming, Colony Capital, Current, Economy, Genting, Harrah's, Macau, MGM Mirage, Racinos, Regulation, Sheldon Adelson, Singapore, Stanley Ho, Steve Wynn, The Strip, Wall Street | Comments Off on Boyd: Trapped in Florida; Sands muzzled in Singapore; Good vibes in Macao

Sanguine Sands; Genting vs. Islamofascism; Arkansas vs. Missouri

Posted on November 23, 2011 by David McKee

Las Vegas Sands dispatched its international overseer, Rob Goldstein (right) and sidekick Dan Briggs to New York as envoys to Wall Street. As reported by J.P. Morgan‘s Joseph Greff, Sands’ outlook is sanguine, particularly with regard to the Singapore and … Continue reading →

Posted in Architecture, Atlantic City, Colony Capital, Economy, Election, Florida, Genting, Goldman Sachs, International, Macau, Massachusetts, Missouri, Politics, Sheldon Adelson, Singapore, Taxes, Texas, The Strip, Tourism, Wall Street | 2 Comments