Category Archives: Macau

Quotations from Chairman Steve; Elvis catches fire

Posted on October 26, 2011 by David McKee

Perhaps due to his eagerness to get Wynn Cotai jump-started, Steve Wynn has become an even more pliant sock puppet for China‘s central government than was Sheldon Adelson. It must be a source of great amusement among the ruling elite … Continue reading →

Posted in Cordish Co., Current, Economy, Entertainment, Harrah's, International, Macau, Maryland, Penn National, Pennsylvania, Racinos, Regulation, Sheldon Adelson, Steve Wynn, Taxes, TV, West Virginia | 3 Comments

What if they gave a casino and no one came?

Posted on October 18, 2011 by David McKee

Such been the plight of Maryland, a state that’s experienced the curious predicament of having more casino licenses than applicants. It’s much the same as Kansas, where things have gone awful quiet. Now, Kansas is like a corn-fed Macao: You … Continue reading →

Posted in Cordish Co., Current, Donald Trump, Economy, G2E, Harrah's, International, Isle of Capri, Kansas, Macau, Maryland, Ohio, Penn National, Racinos, Regulation, Taxes, West Virginia | 1 Comment

More Trop troubles; Adelson’s wins & losses

Posted on October 12, 2011 by David McKee

Update: The Trop has been hit with yet another defection — and it’s a biggie. A bit shy of two years into his tenure as president of the Tropicana Las Vegas, veteran executive Tom McCartney has given his notice. While … Continue reading →

Posted in Alex Yemenidjian, Culinary Union, Harrah's, history, International, Isle of Capri, Macau, Sheldon Adelson, The Strip | Comments Off

Monopoly over Miami

Posted on October 4, 2011 by David McKee

A recent visitor to Las Vegas from the Pacific Rim told me that Sheldon Adelson has worn out his welcome in Macao (which is on pace to eclipse all other gaming markets combined) and is fast doing so in Singapore. … Continue reading →

Posted in Archon Corp., Current, Economy, Florida, Genting, Harrah's, Internet gambling, Laughlin, Macau, Massachusetts, New York, Pennsylvania, Politics, Racinos, Sheldon Adelson, Singapore, Stanley Ho, Steve Wynn, Taxes, Wall Street | Comments Off

G2E 2011: No big deal?

Posted on September 27, 2011 by David McKee

I’ve been debating whether or not to give Global Gaming Expo a pass this year and this morning’s dispatch from Deutsche Bank‘s Carlo Santarelli didn’t exactly quicken my pulse. His prediction? A “quiet” G2E, due to slow growth in the … Continue reading →

Posted in CityCenter, Current, Economy, G2E, International, Internet gambling, James Packer, Lawrence Ho, Macau, Marketing, Melco Crown Entertainment, MGM Mirage, Regulation, Sheldon Adelson, Stanley Ho, Steve Wynn, Tourism, Wall Street | Comments Off

Caesars’ big Asian bet; Playing with yourself in Vegas

Posted on September 23, 2011 by David McKee

It’s amazing what you can do when you simply punt your debt burden a few years down the road. In the case of Caesars Entertainment, it means you’ve got an extra $470 million lying around to build Caesars Palace Longmu … Continue reading →

Posted in Alex Yemenidjian, Architecture, Current, Election, Harrah's, International, Internet gambling, M Resort, Macau, Marketing, MGM Mirage, Movies, Penn National, Regulation, Sheldon Adelson, Tamares Group, Taxes, Technology, Warner Gaming | Comments Off

The great riverboat robbery; Pusateri’s revenge; Gaming’s top 12

Posted on September 21, 2011 by David McKee

Increased funding for education is always the big selling point whenever gambling laws in Missouri are liberalized. This week, schools are finding out what sort of Indian givers their casino benefactors are. Schools are among the public services that stand … Continue reading →

Posted in Ameristar, Bally Technologies, Boyd Gaming, Current, George Maloof, Harrah's, IGT, Isle of Capri, Macau, MGM Mirage, Missouri, Morgans Hotel Group, Penn National, Pinnacle Entertainment, Regulation, Sheldon Adelson, Steve Wynn, Taxes, The Strip, Tourism, Wall Street, Warner Gaming, WMS Industries | 3 Comments

How to get things done in Macao? Bribery!

Posted on September 12, 2011 by David McKee

OK, so it’s called “paying a premium,” but Steve Wynn finally pried 51 acres of Cotai Strip™ landfill real estate loose from Macao by forking over $193 million ($3.8 million an acre), plus annual lease payments. In return. he’s got … Continue reading →

Posted in Current, Election, Florida, Genting, International, Internet gambling, James Packer, Lawrence Ho, Macau, Melco Crown Entertainment, MGM Mirage, Politics, Racinos, Regulation, Sheldon Adelson, Stanley Ho, Steve Wynn, Tribal, Wall Street | Comments Off

Irene, you jezebel!

Posted on September 9, 2011 by David McKee

“You come, you stay, you go/It really doesn’t matter/You’ve done it all before/By now they’ll know the pattern.” — ABBA OK, so Benny & Bjorn were writing about a gal named Elaine not a hurricane called Irene. Although the storm … Continue reading →

Posted in Atlantic City, Current, Donald Trump, Economy, Environment, Harrah's, Macau, Neil Bluhm, Pennsylvania, Racinos, Sheldon Adelson, Tourism, Tribal, Tropicana Entertainment, Wall Street | Comments Off

Loveman waffles on Philly … again; Sands and Galaxy surge

Posted on September 2, 2011 by David McKee

After getting into, then out of the incompetent Lewis Katz/Ed Snider casino consortium in Philadelphia, “direct discussions” are being held by Caesars Entertainment to reenter the moribund project. Its backers are asking for — guess what? — yet another two-month … Continue reading →

Posted in Genting, Harrah's, Macau, Neil Bluhm, New York, Pennsylvania, Racinos, Regulation, Sheldon Adelson, Steve Wynn, The Strip, Wall Street | 3 Comments

Quote of the Day

Posted on September 1, 2011 by David McKee

“Harrah’s does not own a casino concession or subconcession in Macau. Some gaming observers believe Macau might issue new gaming concessions after 2009 and Harrah’s could transform the [$578 million Macau Orient] golf course into a hotel-casino site.” — And … Continue reading →

Posted in Harrah's, history, Macau | Comments Off

“Is gaming recession-proof?” Seriously.

Posted on August 25, 2011 by David McKee

Before you snicker at CNBC, it’s asking the question in the context of Asia (read: China), where recessionary issues are not (yet?) the concern that they are in the United States. The across-the-Pacific reach of Genting Bhd, an emerging power … Continue reading →

Posted in Current, Economy, Genting, International, Macau, Singapore | Comments Off

Boob job

Posted on August 5, 2011 by David McKee

Bankrupt, 38-year-old Hooters Hotel got a two-month reprieve yesterday, as owners obtained a judge’s permission to keep spending creditors’ monies to keep the place open for an additional two months. That will at least give employees time to update their … Continue reading →

Posted in Alex Yemenidjian, Architecture, Columbia Sussex, Current, Dining, Economy, Entertainment, Harrah's, history, Hooters, IGT, Macau, Marketing, MGM Mirage, Regulation, Riviera, Sahara, Sheldon Adelson, Steve Wynn, The Mob, The Strip, Tourism, Wall Street | 7 Comments

Vegas’ recovery? D.O.A.

Posted on August 2, 2011 by David McKee

In the wake of last weekend’s Grand Capitulation on the banks of Foggy Bottom (I’ll let you decide who capitulated to whom), the incipient Las Vegas recovery that was materializing in late 2011 is probably as good as dead. Even … Continue reading →

Posted in Current, Donald Trump, Economy, history, International, Macau, Sheldon Adelson, Steve Wynn, Taxes, The Strip, Tourism, Wall Street | 8 Comments

Lost: Steve Wynn’s marbles

Posted on July 21, 2011 by David McKee

Oh Christ, Steve Wynn, grow up already. Busy Wall Street analysts were held hostage to a 433-word talk-radio tirade while they were probably itching to write up quarterly earnings reports. When other CEOs might have been bragging on an “amazing … Continue reading →

Posted in Alabama, Boyd Gaming, California, Carl Icahn, CityCenter, Economy, Florida, Fontainebleau, Harrah's, James Packer, Lawrence Ho, Macau, Massachusetts, Melco Crown Entertainment, MGM Mirage, Politics, Regulation, Sheldon Adelson, Steve Wynn, Taxes, Texas, The Strip, Tourism | 5 Comments

J. Terrence Lanni, 1943-2011

Posted on July 15, 2011 by David McKee

Just minutes ago, Las Vegas Sun reporter Rick Velotta posted the news that we’d been dreading for several years now. Former MGM Mirage CEO J. Terrence Lanni has died, presumably for the cancer from which he was revealed to be … Continue reading →

Posted in Charity, Current, Detroit, G2E, Harrah's, history, Macau, MGM Mirage, Steve Wynn, The Strip | 5 Comments

If you liked CityCenter …

Posted on July 14, 2011 by David McKee

… you’ll lurve the “ghost cities” of China. Actually, they look more like something Sheldon Adelson would design — if Adelson were doing mile-long lines of cocaine, that is. He and others like him who own casinos in Macao better … Continue reading →

Posted in Architecture, Current, Downtown, Dubai, Economy, Environment, Harrah's, International, Jack Binion, Macau, Marketing, Mesquite, MGM Mirage, Michael Gaughan, Regulation, Sheldon Adelson, Steve Wynn, The Strip, Tourism, TV | 2 Comments

Sheldon Adelson, stiff?

Posted on July 13, 2011 by David McKee

Why would a man whose company shells out $2.5 million a year for a personal security detail balk at paying an extra hundred grand? (Las Vegas Sands has an interesting defense: We didn’t break the law … and, if we … Continue reading →

Posted in Cosmopolitan, Economy, Harry Reid, Macau, Regulation, Singapore, Station Casinos, Steve Wynn, The Strip, Tropicana Entertainment, Wall Street | 1 Comment

ACH-ooo!; The Admiral’s last voyage

Posted on July 1, 2011 by David McKee

For the second time in a week, Hilton Hotels & Resorts has stripped its name from a Colony Capital casino-hotel. First to go was the Las Vegas Hilton, to be known next year as [your logo here]. Today comes news … Continue reading →

Posted in Atlantic City, California, Colony Capital, Columbia Sussex, Current, Dennis Gomes, Economy, Harrah's, history, Macau, MGM Mirage, Missouri, Pinnacle Entertainment, Regulation, Sheldon Adelson, Station Casinos, Steve Wynn, The Strip, Tourism, Tribal, Wall Street | 1 Comment

Illinois: Optimism or suicide?

Posted on June 24, 2011 by David McKee

It doesn’t matter to state Rep. Lou Lang (D, right) that Illinois‘ casino revenues are puny compared to those of neighboring Indiana or that St. Louis-area players are defecting in droves. He wants racinos and more casinos, by golly, and … Continue reading →

Posted in Architecture, Boyd Gaming, Current, Economy, Entertainment, Harrah's, Illinois, Indiana, Internet gambling, James Packer, Lawrence Ho, Macau, Melco Crown Entertainment, MGM Mirage, Mississippi, Missouri, Neil Bluhm, Pennsylvania, Politics, Racinos, Regulation, Sheldon Adelson, Taxes, Texas, Tribal | 2 Comments