Category Archives: Macau

Packer packs it in; Lights out at Resorts A.C.

Posted on March 22, 2011 by David McKee

James Packer‘s had enough of the U.S. casino market. While not definitively ruling out a return to the American gaming industry, the minority owner of Cannery Casino Resorts makes it clear that he’s neither the stomach nor the lucre for … Continue reading →

Posted in Atlantic City, Australia, Boulder Strip, Boyd Gaming, Cannery Casino Resorts, Colony Capital, Dennis Gomes, history, James Packer, Macau, Melco Crown Entertainment, North Las Vegas, Pennsylvania, Racinos, Station Casinos, The Strip, Tribal, Wall Street | 2 Comments

More fun with geography; Langford & The Man; Caesars’ rough week

Posted on March 18, 2011 by David McKee

What’s in a mile? A lot more than you might think, especially if you’re a Maine legislator. Confronted with a pesky requirement that gambling venues in the Pine Tree State must have 100-mile exclusivity zones, some would redefine a “mile” … Continue reading →

Posted in Atlantic City, Don Barden, Economy, Election, Harrah's, Horseracing, Illinois, Indiana, Macau, Maine, Neil Bluhm, Penn National, Pennsylvania, Politics, Racinos, Sheldon Adelson, Sports, Taxes, The Strip, Wall Street | 1 Comment

R.I.P., Sahara (1952-2011)

Posted on March 11, 2011 by David McKee

Once the Riviera changed hands, the Strip casino for whom mortality seemed most imminent became the Sahara. The ‘death by a thousand cuts’ regime of nightclub impresario and absentee owner Sam Nazarian bled the place to the extent that there … Continue reading →

Posted in Boyd Gaming, CityCenter, Colony Capital, Columbia Sussex, Current, Dining, Economy, Entertainment, Fontainebleau, Goldman Sachs, history, International, James Packer, Macau, Marketing, MGM Mirage, Morgans Hotel Group, Pansy Ho, Plaza, Regulation, Riviera, Sahara, Stanley Ho, Station Casinos, The Strip, Tourism, Transportation, TV, Wall Street | 10 Comments

An Ensign afterthought

Posted on March 7, 2011 by David McKee

By spending tens of thousands of dollars to defend the (mis)conduct of Sen. John Ensign, not only do the CEOs of Las Vegas Sands and Wynn Resorts appear to condone it, they open themselves to questions about their own views … Continue reading →

Posted in Current, Macau, Sheldon Adelson, Steve Wynn | 1 Comment

Quote of the Day

Posted on March 7, 2011 by David McKee

“Still, would it surprise anyone to find out if this really was how business was conducted over there? Secret investigations of your enemies? Bribes? Kinda exactly how I imagine things might work when billions are on the line and your … Continue reading →

Posted in Current, International, Macau, Regulation, Sheldon Adelson, Wall Street | Comments Off on Quote of the Day

Macao rally boosts Sands, Wynn & Melco; No “Triumph” at Hilton

Posted on February 28, 2011 by David McKee

Publicly traded casino operators in Macao got a dose of good news today. A late-month rally in play means another record month at the tables, a 51% increase from last year. Roughly half the $2.5 billion haul will be divided … Continue reading →

Posted in Cirque du Soleil, Colony Capital, Cordish Co., Current, Detroit, Economy, Entertainment, Macau, Maryland, Melco Crown Entertainment, MGM Mirage, Penn National, Sheldon Adelson, Stanley Ho, Steve Wynn | Comments Off on Macao rally boosts Sands, Wynn & Melco; No “Triumph” at Hilton

Quote of the Day

Posted on February 18, 2011 by David McKee

“The problem with Stanley Ho is that he thought he is eternal. Nobody is eternal.” — Macao Gaming Inspection & Coordination Bureau Director Manuel Joaquim das Neves. Daughter — and MGM Resorts International joint-venture partner — Pansy Ho appears to … Continue reading →

Posted in Current, Macau, MGM Mirage, Pansy Ho, Regulation, Stanley Ho | 1 Comment

Sheldon Adelson, Man of La Mancha

Posted on February 17, 2011 by David McKee

Life’s being pretty good these days to Las Vegas Sands, thanks in part to better-than-expected convention traffic at Marina Bay Sands (offsetting tepid meeting/expo biz in Macao). In addition to eyeballing Florida, Texas, Massachusetts and Japan, CEO Sheldon Adelson has … Continue reading →

Posted in Alex Yemenidjian, Atlantic City, Current, Downtown, Economy, Florida, Genting, International, Macau, Massachusetts, Oscar Goodman, Pennsylvania, Regulation, Sheldon Adelson, Singapore, Texas, The Strip, Tourism, TV | 2 Comments

Philadelphia’s cup runneth under

Posted on February 16, 2011 by David McKee

Returning to yesterday’s theme of exaggerated expectations of gaming revenues (decanted by casino operators, quaffed uncritically by politicians) we have a glass half-full/half-empty report from Pennsylvania. The salient statistic is that, once five-month-old SugarHouse (left) is factored out, slot revenues … Continue reading →

Posted in Architecture, Cordish Co., Current, Economy, Harrah's, Macau, Maryland, Neil Bluhm, Ohio, Penn National, Pennsylvania, Politics, Racinos, Regulation, Sheldon Adelson, Steve Wynn, Tribal | 3 Comments

Las Vegas Sands: Who’s minding the store?

Posted on February 15, 2011 by David McKee

Investors would do well to ask that, not least because of CEO Sheldon Adelson‘s attitude of, ‘The buck stops here … except when it doesn’t.’ To hear Adelson tell it, everything that goes awry at Las Vegas Sands and Sands … Continue reading →

Posted in Cirque du Soleil, Current, Genting, James Packer, Lawrence Ho, Macau, Marketing, Melco Crown Entertainment, MGM Mirage, Pansy Ho, Politics, Regulation, Sheldon Adelson, Singapore, Sports, Stanley Ho, Station Casinos, Steve Wynn, Technology, The Mob, Tourism, Wall Street | Comments Off on Las Vegas Sands: Who’s minding the store?

Quote of the Day

Posted on February 10, 2011 by David McKee

“Our job is to constantly refresh the notion that we are humble, proud and grateful to be allowed to be part of that scene, and the way to do that in China is to take good care of your employees.” … Continue reading →

Posted in Current, Dining, Entertainment, Harrah's, Macau, Politics, Steve Wynn, The Strip | Comments Off on Quote of the Day

Hard Rock: Oh no!; Bellago bandit busted

Posted on February 3, 2011 by David McKee

Is there anybody who could probably run the Hard Rock Hotel & Casino worse than hapless Morgans Hotel Group? We may soon find out as Navegante Group has been announced as operator-to-be by NorthStar Realty Finance Corp. The latter, as … Continue reading →

Posted in Current, Detroit, Entertainment, Herbst Gaming, history, Macau, MGM Mirage, Morgans Hotel Group, Regulation, Riviera, Sahara, Stanley Ho, Steve Wynn, Tamares Group, The Strip, Wall Street | 6 Comments

The Four Families of Stanley Ho

Posted on January 31, 2011 by David McKee

It’s Monday, which means that Stanley Ho either is or isn’t suing the wife and children who tried to wrest control of his financial empire last week. (Or he’s still telling each side what it wants to hear.) The tug … Continue reading →

Posted in Current, International, Lawrence Ho, Macau, Melco Crown Entertainment, MGM Mirage, Pansy Ho, Stanley Ho | 1 Comment

Burnt out at Marina Bay Sands; Winners in Atlantic City

Posted on January 28, 2011 by David McKee

Another day, another Las Vegas Sands executive falls by the wayside. In the case of Marina Bay Sands, it sounds like CEO Thomas Arasi has been burned out in what must have been a pretty intense 18 months at the … Continue reading →

Posted in Atlantic City, Boyd Gaming, Colony Capital, Cordish Co., Current, Dennis Gomes, Donald Trump, Economy, Harrah's, IGT, International, Macau, Marketing, Maryland, Penn National, Politics, Racinos, Sheldon Adelson, Singapore, Tilman Fertitta, Tourism, Wall Street, WMS Industries | 3 Comments

The decline and fall of Stanley Ho

Posted on January 27, 2011 by David McKee

As predictable as the sunrise, today’s headlines brought yet another reversal in the Stanley Ho vs. His Wives & Kids saga, “an ugly and Byzantine family squabble” that is also driving down the value of Sociedade de Jogos de Macau … Continue reading →

Posted in Current, International, Lawrence Ho, Macau, Melco Crown Entertainment, MGM Mirage, Stanley Ho | 2 Comments

Stanley Ho abdicates

Posted on January 26, 2011 by David McKee

So this is how Stanley Ho‘s world ends: Not with a bang but with the ancient casino vizier giving a televised address in which he laboriously delivered lines from a cue card and ceded control of his Sociedade de Turismo … Continue reading →

Posted in Charity, Current, G2E, history, International, James Packer, Lawrence Ho, Macau, Melco Crown Entertainment, MGM Mirage, Pansy Ho, Regulation, Sheldon Adelson, Stanley Ho, Steve Wynn | 1 Comment

The race for Florida is on

Posted on January 26, 2011 by David McKee

Emissaries from Las Vegas Sands and Wynn Resorts were in Tallahassee to woo Florida legislators yesterday. Also present was Boyd Gaming, which owns property in the Sunshine State and understandably doesn’t want to see solons crafting a sweetheart deal for … Continue reading →

Posted in Boyd Gaming, Florida, Genting, Macau, Politics, Regulation, Sheldon Adelson, Singapore, Steve Wynn, Taxes, Tribal | 3 Comments

The gospel according to Sheldon

Posted on January 25, 2011 by David McKee

“People like to blame somebody,” he says. Exhibit A: Sheldon Adelson, whose operative motto is clearly, “When in doubt, find a scapegoat.” If you’re looking for accountability, the executives offices of Las Vegas Sands are the wrong place in which … Continue reading →

Posted in Macau, Pennsylvania, Sheldon Adelson, Singapore, The Strip, TV | 1 Comment

Dude, who stole my casinos?

Posted on January 25, 2011 by David McKee

Update: In yet another reversal, Stanley Ho says he has sacked his attorney and that the brouhaha over his stock is all a big misunderstanding. Stay tuned for further developments in what’s already a rapidly morphing narrative. Yesterday, aging (and … Continue reading →

Posted in Cosmopolitan, Current, Harrah's, International, Lawrence Ho, Macau, Melco Crown Entertainment, MGM Mirage, Pansy Ho, Problem gambling, Regulation, Stanley Ho, The Strip, Wall Street | 1 Comment

Wynn makes friends abroad, enemies at home

Posted on January 21, 2011 by David McKee

Steve Wynn has long prided himself on his good relations with the Culinary Union. However, those could soon be a thing of the past if he and front man Jesse Waits continue to extend Wynncore‘s tip-confiscation policies to Culinary-repped workers. … Continue reading →

Posted in Current, Economy, Harrah's, Macau, Politics, Sheldon Adelson, Stanley Ho, Steve Wynn, The Strip | 1 Comment