Category Archives: Macau

Flat in IN, coming back in IL

Posted on April 8, 2010 by David McKee

Despite being 2.5% below last year’s casino revenues, J.P. Morgan is calling the results in Illinois the best out of the previous 16 months. In other words, the decline was the smallest since November of ’09.  The restoration of Penn … Continue reading →

Posted in Ameristar, Boyd Gaming, Cordish Co., Current, Don Barden, Economy, Harrah's, Illinois, Indiana, Macau, MGM Mirage, Pansy Ho, Penn National, Pinnacle Entertainment, Racinos, Regulation, Tribal, Tropicana Entertainment | Comments Off on Flat in IN, coming back in IL

MGM, Sands & the cone of silence

Posted on April 8, 2010 by David McKee

While Las Vegas Review-Journal Publisher Sherman Frederick was fretting about the “troubling egg caper” in Searchlight, Nev., his newspaper wasn’t losing much sleep over a double-barreled casino scandal. Either a sudden malady had wiped out the gaming desk or somebody … Continue reading →

Posted in Atlantic City, Current, Election, Harry Reid, Illinois, Macau, Marketing, MGM Mirage, North Las Vegas, Pansy Ho, Regulation, Sheldon Adelson, Stanley Ho, The Mob | Comments Off on MGM, Sands & the cone of silence

Quote of the Day

Posted on April 7, 2010 by David McKee

“My concern is they overspent on the two integrated resorts. Instead of allowing both casinos to open in a more relaxed way during the first few years, the [integrated resorts] are now under tremendous pressure.” — Singapore-based casino consultant Ronald … Continue reading →

Posted in Genting, International, Macau, Sheldon Adelson, Singapore, Tourism | Comments Off on Quote of the Day

From the S&G Twitter feed …

Posted on April 5, 2010 by David McKee

It’s a crazy day here and I’m deeply enmeshed in reportage (hint: it involves Station Casinos) so I’d like to take up some of the blogging slack by once more pimping the S&G Twitter feed (@stiffsgeorges), which can also be … Continue reading →

Posted in Alex Yemenidjian, Archon Corp., Bally Technologies, Current, Election, Entertainment, Harrah's, Isle of Capri, James Packer, Lawrence Ho, Macau, Marketing, Melco Crown Entertainment, MGM Mirage, Mississippi, Pinnacle Entertainment, Planet Hollywood, Sheldon Adelson, Singapore, Steve Wynn, Technology, Wall Street | Comments Off on From the S&G Twitter feed …

Phrase of the Day

Posted on April 5, 2010 by David McKee

“Elongated length of play metrics.” That’s Wall Streetspeak for, “We think additional hotel rooms [at City of Dreams] are causing people to stay and play longer.” I expect we’ll be hearing a lot about ELPM “going forward,” as they say … Continue reading →

Posted in Current, Economy, James Packer, Lawrence Ho, Macau, Melco Crown Entertainment, Tourism | 1 Comment

Could Steve Wynn jilt Philadelphia?

Posted on April 2, 2010 by David McKee

What’s Steve Wynn supposedly doing in Atlantic City this weekend and why is he allegedly kicking the tires on casino properties there? Well, it is a buyer’s market and half of Borgata is up for grabs (as would be Trump … Continue reading →

Posted in Atlantic City, Boyd Gaming, Colony Capital, Current, Donald Trump, Entertainment, International, Macau, MGM Mirage, Pansy Ho, Pennsylvania, Phil Ruffin, Pinnacle Entertainment, Politics, Regulation, Steve Wynn, The Strip | 10 Comments

S**t hits MGM, Sands fan

Posted on April 1, 2010 by David McKee

Local newspapers — and bloggers — have been slow to pick up on a couple of Reuters dispatches that show — as some doomsayers prognosticated — that involvement in Macao is coming back to bite the U.S. casino industry in … Continue reading →

Posted in Atlantic City, CityCenter, Detroit, Illinois, Macau, Mississippi, Pansy Ho, Pennsylvania, Regulation, Sheldon Adelson, Stanley Ho, The Mob | 5 Comments

Wynn & the Ship of Phools

Posted on April 1, 2010 by David McKee

Whisking in just under the wire, Wynn Resorts submitted its financing package for the soon-to-be-ex-Foxwoods casino project in Philadelphia. Evidently Steve Wynn has thought better of slugging his new casino “SW,”* as reflected at left in the photo taken by … Continue reading →

Posted in Architecture, Cannery Casino Resorts, Macau, Neil Bluhm, Pennsylvania, Politics, Regulation, Station Casinos, Steve Wynn, Tribal, Wall Street | 7 Comments

Sands’ strength, weakness inseparable

Posted on March 31, 2010 by David McKee

Ka-ching! The price tag on Marina Bay Sands has just gone up again. According to a Singapore Press Club and Asia Journalism Fellowship panel discussion, the über-megaresort has now hit the $6 billion mark. One participant pegged Sands’ 12-month gambling … Continue reading →

Posted in Alex Yemenidjian, Current, Economy, Macau, Pennsylvania, Regulation, Sheldon Adelson, Singapore, The Strip, Wall Street | Comments Off on Sands’ strength, weakness inseparable

There are no triads in Macao

Posted on March 30, 2010 by David McKee

Yeah, and if you believe that, boy, do I have a dandy bridge in Brooklyn to sell you. Not only are triads alive, well and operating in Macao, they succeeded in infiltrating Sands Macao, according to a detailed investigative report … Continue reading →

Posted in Current, Economy, Florida, International, Macau, Massachusetts, Pennsylvania, Regulation, Sheldon Adelson, Singapore, Stanley Ho, The Mob | 2 Comments

Solitude at Trump

Posted on March 30, 2010 by David McKee

As the old saying goes, I have so much to do that I am going to bed. Actually, no, but I’m still wrapping my feeble brain around the double-whammy of the Station Casinos bankruptcy proposal and the brewing triads-at-Sands Macao … Continue reading →

Posted in Donald Trump, Economy, Macau, Pennsylvania, Phil Ruffin, Regulation, Sheldon Adelson, Station Casinos, Steve Wynn, The Mob, The Strip, Tourism | 7 Comments

$290 million for Borgata

Posted on March 29, 2010 by David McKee

That’s what MGM Mirage’s half is expected to bring and it won’t happen until next year, according to J.P. Morgan‘s latest set of estimates. We could debate whether or not MGM should have started shopping the place a year ago, … Continue reading →

Posted in Atlantic City, Boyd Gaming, Current, Economy, Harrah's, International, Macau, MGM Mirage, Pansy Ho, Regulation, Station Casinos, The Strip, Tourism, Tropicana Entertainment, Wall Street | Comments Off on $290 million for Borgata

MGM & Stanley Ho: The consequences of desperation

Posted on March 23, 2010 by David McKee

Contrary to the confident prediction of Las Vegas Review-Journal Publisher Sherman Frederick, the ramifications of the report of the New Jersey Division of Gaming Enforcement on the relationship between MGM Mirage, Pansy Ho and father Stanley Ho have been as … Continue reading →

Posted in Atlantic City, Boyd Gaming, International, Macau, MGM Mirage, Pansy Ho, Regulation, Stanley Ho, Wall Street | 1 Comment

Quote of the Day

Posted on March 22, 2010 by David McKee

“For two days in a row, the [American Gaming Association] Internet site that aggregates gaming industry stories has totally ignored all of the stories about the [New Jersey Division of Gaming Enforcement] report on the relationship between MGM Mirage and … Continue reading →

Posted in Atlantic City, Current, G2E, Macau, MGM Mirage, Pansy Ho, Regulation, Stanley Ho | Comments Off on Quote of the Day

Case Bets: Gibbons vs. gaming; Pansy Ho; R-J shocked, shocked!; Rat Pack not back

Posted on March 19, 2010 by David McKee

First off, a hearty S&G salute to Steve Friess, named “Best Blogger” by the readers of Las Vegas CityLife. (Yes, I was nominated but didn’t even make it into second place. I’ll live.) As you scroll — and scroll — … Continue reading →

Posted in Colony Capital, Columbia Sussex, Economy, Entertainment, Macau, Midnight Jim Gibbons, New York, Pansy Ho, Regulation, Sahara, Sheldon Adelson, Stanley Ho, Taxes, Technology, The Mob, The Strip, Tourism | 3 Comments

Quote of the Day

Posted on March 18, 2010 by David McKee

“These tall edifices produced a disturbing impression, for they were held to invade the realms and to jeopardise the composure of the feng-shui. These were the spirits of wind and water … all that needs to be said about them … Continue reading →

Posted in Architecture, International, Macau, Stanley Ho | Comments Off on Quote of the Day

Exonerating Adelson

Posted on March 17, 2010 by David McKee

While Las Vegas Sands CEO Sheldon Adelson might approve of Gary Kreep‘s recent PAC-tivities, inasmuch as they redound to the detriment of competitor MGM Mirage, he’s not behind them. Or, to put it another way, if Adelson’s been involved it … Continue reading →

Posted in California, CityCenter, Current, Dubai, Election, Florida, Macau, MGM Mirage, Morgans Hotel Group, Politics, Regulation, Sheldon Adelson, Stanley Ho | 5 Comments

Mania in Macao

Posted on March 17, 2010 by David McKee

Las Vegas casino floors nearly look somnolent compared to the intense baccarat play captured by CNN at Melco Crown Entertainment‘s megaresort, City of Dreams. For added fun, one gets a bit of James Bond (Sean Connery) throwing down against “smug … Continue reading →

Posted in CityCenter, James Packer, Lawrence Ho, Macau, Melco Crown Entertainment, MGM Mirage, Movies, The Strip, TV | 1 Comment

This just in: Stanley Ho is mobbed up

Posted on March 17, 2010 by David McKee

Yeah, I know … no shit, Sherlock. With the notable exception of the Las Vegas Business Press‘ Matt Ward, precious few journalists have been willing to come forward and report what everybody’s tacitly agreed, ever since the Macanese casino market … Continue reading →

Posted in Atlantic City, Current, International, Macau, MGM Mirage, Pansy Ho, Regulation, Stanley Ho, The Mob | 3 Comments

Capping Macao

Posted on March 16, 2010 by David McKee

Compared to the acrimony currently flowing on the Strip, a stunning new policy directive from across the Pacific practically qualifies as “happy-talk news” … With casino revenues increasing at a jet-propelled pace, China has yet again applied the brakes to … Continue reading →

Posted in Current, International, Macau, Plaza, Regulation, Sheldon Adelson, Stanley Ho, Steve Wynn, Tourism, Wall Street | 6 Comments