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Category Archives: Macau
Twilight of the gods?
It’s been obvious since jump street that MGM Resorts International bit off more than it could chew when it upsized its ambitions for the old Boardwalk site into a civic citadel, a Valhalla on the Strip. Behind CEO Jim Murren‘s … Continue reading
Murren: I heart CityCenter; Wynn: I heart China; Angle: I heart Latinos … plus Boyd’s new fragrance
MGM Resorts International and old ball and chain Dubai World have consummated a deal to extend $1.8 billion in CityCenter loans, a reworking that MGM CEO Jim Murren calls “a capital structure that’s much more … in keeping with a … Continue reading
Singapore: Mission accomplished
A curious item popped up on the Manila Web site MB.com last week. Remember how Macao was “Asia’s Las Vegas”? The new meme is “More Than Just the New Vegas” (emphasis added). The lengthy puff piece rather strenuously posited Macao … Continue reading
Posted in Current, Dining, Genting, Harrah's, International, James Packer, Lawrence Ho, Macau, Marketing, Pennsylvania, Regulation, Sheldon Adelson, The Strip, Tourism
Comments Off on Singapore: Mission accomplished
Galaxy Cotai postponed; MGM stages a comeback
It’s not official but, seeing as two top executives at the Macao megaresort (including its COO) just got the chop, it appears pretty likely. A project that was expected to open in late March of next year now looks as … Continue reading
Macao: The fine art of spin
No wonder Steve Wynn and Sheldon Adelson love it in China. Where else are you going to find such a compliant media, able to extract a silver lining from the darkest of clouds. For instance, “cost overruns” are something that … Continue reading
Posted in Current, Economy, Harrah's, James Packer, Lawrence Ho, Macau, Melco Crown Entertainment, MGM Mirage, Pansy Ho, Politics, Regulation, Sheldon Adelson, Stanley Ho, Steve Wynn
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Kerkorian’s mixed message; Winners & Losers
Earlier this week, Hudson Securities analyst Robert LaFleur — something of a maverick in the gaming sector — voiced doubts about MGM Resorts International‘s ability to sustain its debt covenants. With an overhang of $13 million in debt, few properties … Continue reading
Posted in Atlantic City, Boyd Gaming, CityCenter, Current, Detroit, Economy, Harrah's, International, Louisiana, M Resort, Macau, MGM Mirage, Morgans Hotel Group, Neil Bluhm, Ohio, Penn National, Pennsylvania, Pinnacle Entertainment, Reno, Sheldon Adelson, The Strip, Tourism, Tribal, Vdara Death Ray, Wall Street
4 Comments
Lost horizon
Even as the window of opportunity is slamming shut, “Casino companies are finally starting to see [Internet gambling] as a possible growth engine for the industry and are hoping for congressional help,” writes Motley Fool columnist Travis Hoium. That’d be … Continue reading
Posted in Current, Economy, Election, Harrah's, Harry Reid, Internet gambling, Macau, Politics, Sheldon Adelson, Technology, The Strip
3 Comments
Ameristar’s altruism … and so much more
Gaming regulators in Missouri got a little unsolicited advice from Ameristar Casinos as to where to put Casino License #13. Ameristar Vice President of Government Relations & Public Affairs Troy Stremming commissioned a study on the matter. Its shocking conclusion: … Continue reading
Posted in Ameristar, Arizona, Atlantic City, Boyd Gaming, California, Colony Capital, Cretins, Current, Dennis Gomes, Economy, Genting, Harrah's, Horseracing, Isle of Capri, Louisiana, Macau, Marketing, MGM Mirage, Missouri, New York, Penn National, Pinnacle Entertainment, Politics, Racinos, Regulation, Sheldon Adelson, Station Casinos, Steve Wynn, Tourism, Tribal, TV, West Virginia
5 Comments
Jump le sharque: Cirque bombs in Macao
After sinking a reported $150 million into Cirque du Soleil‘s Zaia, Las Vegas Sands may find itself in possession of a very expensive “loss leader.” According to The Australian, “attendances [sic] have been poor and tickets have been heavily discounted.” … Continue reading
Posted in Atlantic City, Cirque du Soleil, Current, Detroit, Economy, Entertainment, International, James Packer, Lawrence Ho, Louisiana, Macau, Marketing, Melco Crown Entertainment, MGM Mirage, Mississippi, Pennsylvania, Sheldon Adelson, Steve Wynn, Tourism, Wall Street
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Fertitta to rescue A.C. Hilton?
Tilman Fertitta, that is. The Landry’s Restaurants CEO has sussed out a bargain on the Boardwalk, in the form of the unprofitable Atlantic City Hilton. No doubt Fertitta’s interest has not a little something to do with the fact that … Continue reading
Desperate times
They call for desperate measures, it’s said. MGM Resorts International has just rolled out a heckuva bargain play. If you can afford a two-night stay at Aria or Vdara between Sept. 24 and Dec. 23, and you can find a … Continue reading
Posted in Architecture, CityCenter, Columbia Sussex, Cretins, Current, Lake Tahoe, Macau, Marketing, MGM Mirage, Planet Hollywood, Tamares Group, The Strip, Tourism, Tribal
7 Comments
The fiendish plot of Dr. Stanley Ho
Launching a frontal assault on Las Vegas Sands, archrival Sociedade de Jogos de Macau has requested that the Macanese government repatriate Sites 7 & 8 on the Cotai Strip™, and award them to — surprise! — Stanley Ho. There’s no … Continue reading
Posted in Atlantic City, Economy, Election, Macau, Massachusetts, Pennsylvania, Politics, Racinos, Regulation, Sheldon Adelson, Stanley Ho
3 Comments
And then there was one
Scarcely had Steve Wynn and Victor Drai parted company than Wynn Resorts issued this curt declaration at 10 a.m. today: Cy Waits has been separated from the company and is free to pursue other interests. Wynn [Resorts] has no further … Continue reading
Objects in the photo may be emptier than they appear
Booking site Oyster.com is having a bit of fun with the gap between perception and reality at some Las Vegas hotels. Take for instance, that photo which shows you the Mandalay Bay wave pool as though you would have it … Continue reading
Posted in CityCenter, Colorado, Current, Downtown, Economy, Election, Macau, Marketing, MGM Mirage, Riviera, Sheldon Adelson, The Strip, Tourism
1 Comment
Venetian Oriental delayed again; Wynn & Drai divorce
Worker-recruitment problems in Macao are worse than Las Vegas Sands has been letting on. The company has now re-postponed its $4 billion, 6,000-room Venetian Oriental into late 2011, with its second phase debuting in mid-2012. The company’s verbiage, however, raises … Continue reading
Reid wusses out; Sucker bets, Sheldon & strippers
UIGEA repeal? Forget about it. Sen. Harry Reid (D-NV) has chickened out again. Pressed on the issue, he said he’d support the legalization of online poker but faintheartedly drew the line there. That still wasn’t good enough for some independent … Continue reading
Posted in Australia, CityCenter, Current, Dubai, Election, Entertainment, Harrah's, Harry Reid, International, Internet gambling, James Packer, Macau, Marketing, MGM Mirage, Morgans Hotel Group, Politics, Regulation, Reno, Sheldon Adelson, Steve Wynn, The Strip, Tourism, Wall Street, World Series of Poker
3 Comments
Quote of the Day
“We have a reputation for senior executives who haven’t lasted that long.” — Las Vegas Sands COO Michael Leven, discussing the company’s recent travails in Macao.
Posted in Macau, Sheldon Adelson
1 Comment
New shakeup at Melco; Adelson goes tropical
Those of you for whom Melco Crown Entertainment has been a bumpy ride are about to experience additional turbulence. CFO Simon Dewhurst has stepped down and MPEL board has — rather late in the day — decided “to find a … Continue reading
Atlantic City: It could be worse
Considering that table games were up and running in Delaware and gradually rolling out in Pennsylvania, it comes as a pleasant surprise to see that Atlantic City was only down 5% in July. Frankly, I was expecting much worse, especially … Continue reading
Posted in Atlantic City, Boyd Gaming, Carl Icahn, Colony Capital, Columbia Sussex, Current, Donald Trump, Economy, Entertainment, Harrah's, Horseracing, Macau, Marketing, MGM Mirage, New York, Pansy Ho, Pennsylvania, Politics, Racinos, Regulation, Technology, Tourism, Tropicana Entertainment, Wall Street
4 Comments
