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Category Archives: Macau
Quote of the Day
“The environment in China is much more free than here. Do they feel they are being deprived of their human rights? No.” — Steve Wynn, doing his best Sheldon Adelson impersonation.
Posted in Current, International, Macau, Politics, Sheldon Adelson, Steve Wynn
2 Comments
F'bleau: Wait 'til 2012; Satre returns
That’s basically the message coming out of bankruptcy court, where Fontainebleau ownership requested permission to scrap all conventions and meetings through October 2011. Among many other disclosures in the fast-moving Chapter 11 was the sacking of seven top executives. (A … Continue reading
Posted in Atlantic City, Colony Capital, Cosmopolitan, Economy, Fontainebleau, Harrah's, IGT, Macau, MGM Mirage, Pansy Ho
2 Comments
Great O'Day in the morning
Peepshow star/trainwreck-in-progress Aubrey O'Day likes to speak her mind, for whatever it's worth. Evidently the recklessly candid utterances of Ms. O'Day were worth not one, not two but, yes, three dispatches by Richard Abowitz. The fascination is understandable, given an … Continue reading
Posted in Current, Economy, Entertainment, Macau, Regulation, Sheldon Adelson, Stanley Ho, Steve Wynn, The Strip
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Macao giveth, Macao taketh away
Casino operators in Macao better make the most of the recent relaxation of visa quotas into the enclave. What the government gives with one hand, it partly reclaims with the other. Casino expansion remains out of the question and the … Continue reading
Posted in Current, Detroit, Economy, Lawrence Ho, Macau, Melco Crown Entertainment, MGM Mirage, Regulation, Sheldon Adelson, Stanley Ho, Steve Wynn, Tourism, Wall Street
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Why does Steve Wynn hate America?
Or maybe the question should be, What was Steve Wynn smoking before he told CNBC "Money Honey" Maria Bartiromo that Wynn Macau was making more than all other 30 Macao casinos combined? Perhaps he meant his joint is the single-highest-grossing … Continue reading
Posted in CityCenter, Economy, Encore, Entertainment, Harrah's, International, Macau, MGM Mirage, Planet Hollywood, Sheldon Adelson, Steve Wynn, Taxes, The Strip, TV
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What's a Trump casino worth?
Only $14 million in cash (plus a $100 million equity infusion), according to The Donald. Bondholders say, we’ll see your $115 million and raise you $100 million. The latter would recoup at least some — but not very much — … Continue reading
Posted in Atlantic City, Baseball, Current, Donald Trump, Fontainebleau, Harrah's, Harry Reid, Horseracing, Illinois, International, Internet gambling, Lawrence Ho, M Resort, Macau, Massachusetts, Melco Crown Entertainment, Neil Bluhm, Ohio, Oklahoma, Penn National, Pennsylvania, Politics, Regulation, Sheldon Adelson, Slot routes, Sports, Station Casinos, Steve Wynn, Taxes, Texas, Tribal
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Case Bets: California crisis, M cutbacks, "Guiding Light" in LV, etc.
Ist California kaput? That’s the question posed by the The Observer and it makes for troubling reading. If Gov. Jim Gibbons (R-NV) is right that tourism from California is the carotid artery of Nevada‘s economy, then the Silver State is … Continue reading
Posted in Alex Yemenidjian, California, Current, Dining, Economy, Entertainment, Harrah's, International, M Resort, Macau, Sheldon Adelson, Stanley Ho, Tourism, TV
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$300 mil for F'bleau?
That’s the latest; namely, that Penn National Gaming will put down less than $300 million as a “stalking horse” bid on Fontainebleau. Penn would also be on the hook for the costs of the project’s bankruptcy proceedings. Potentially getting a … Continue reading
Posted in CityCenter, Economy, Fontainebleau, Harry Reid, James Packer, Macau, MGM Mirage, Penn National, Politics, Sheldon Adelson, Steve Wynn, The Strip, Wall Street
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Macao's blockbuster month
A flurry of good news to end the week, starting in Macao: September, the first month affected by a relaxation of severe visa restrictions imposed on the mainland, saw a 53% jump in Macanese gambling revenues. In terms of market … Continue reading
Posted in CityCenter, Current, Economy, Entertainment, James Packer, Lawrence Ho, Macau, Marketing, Melco Crown Entertainment, MGM Mirage, Sheldon Adelson, Stanley Ho, Steve Wynn, The Strip, Tourism
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Adelson's rescuer?
Meet Wilbur Ross. He’s an investor of all trades with an appetite for distressed assets. And he’s turning his sights to the casino industry. In particular, he’s drawn a bead on “companies [who] are also looking at selling assets in … Continue reading
Posted in Animals, Atlantic City, Cannery Casino Resorts, CityCenter, Donald Trump, Entertainment, Horseracing, Macau, MGM Mirage, New York, Sheldon Adelson, Sports, Tribal, TV, Wall Street
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Adelson's rescuer?
Meet Wilbur Ross. He’s an investor of all trades with an appetite for distressed assets. And he’s turning his sights to the casino industry. In particular, he’s drawn a bead on “companies [who] are also looking at selling assets in … Continue reading
Posted in Animals, Atlantic City, Cannery Casino Resorts, CityCenter, Donald Trump, Entertainment, Horseracing, Macau, MGM Mirage, New York, Sheldon Adelson, Sports, Tribal, TV, Wall Street
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Case Bets: Wynn in Macao, "Peepshow" strips down
• Steve Wynn is accelerating his timetable for developing on the Cotai Strip™. If Wynn continues to learn from his early miscalculations (and I see no reason to expect otherwise), a gaming-centric Wynn Resorts property on Cotai is a far … Continue reading
Posted in California, Economy, Entertainment, Harry Reid, Macau, Planet Hollywood, Sheldon Adelson, Steve Wynn, Technology, The Strip, Tourism, Transportation
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Atlantic City sucks …
… says the Motley Fool, in essence. Even Borgata, which posted a higher operating profit year/year, is deemed merely to suck less than everybody else. I’m not sure I’m with the Fools on this one. For instance, shouldn’t Sands Bethlehem … Continue reading
Posted in Ameristar, Atlantic City, Carl Icahn, Colorado, Detroit, Donald Trump, Florida, Internet gambling, Macau, MGM Mirage, Pinnacle Entertainment, Regulation, Sheldon Adelson, Stanley Ho, Tribal, Wall Street
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Optimism in Macao, euphoria at CityCenter
Relaxation of stringent visa restrictions from Guangdong Province came a full four months sooner than expected, starting Sept. 1. Now, residents will be able to visit Macao once a month instead of quarterly. While this has prompted J.P. Morgan to … Continue reading
Posted in Ameristar, Architecture, Atlantic City, Bally Technologies, Boulder Strip, Boyd Gaming, California, CityCenter, Cordish Co., Current, Economy, Entertainment, IGT, Indiana, Kansas, Macau, MGM Mirage, Penn National, Pinnacle Entertainment, Planet Hollywood, Sheldon Adelson, Station Casinos, Technology, The Strip, Wall Street, WMS Industries
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'Peepshow''s little Hitler problem
Congratulations (not!) to the producers of Peepshow, whose rent-a-headliner stratagem has finally blown up in their faces. They're replacing a Jew (Shoshana Bean) with a fan of the leadership abilities of — I kid you not — Adolf Hitler. Oh, … Continue reading
Posted in Current, Downtown, Entertainment, International, Macau, Marketing, Planet Hollywood, Politics, Singapore, Technology
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Stanley Ho, ailing monarch
Not many of us make headlines by waking up in the morning and saying something. But when the future of over 50% of Macao's casino market hinges on A) your health and B) your plan of succession, and C) your … Continue reading
Posted in Current, Downtown, Entertainment, Macau, MGM Mirage, Stanley Ho
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Adelson bombing in Pennsylvania; RoboPoker returns; Dissent over Wynn
Both the opening of Sands Bethlehem, and recent expansions of Meadows Racetrack & Casino (+29%) and Mohegan Sun at Pocono Downs (+21%) drove an 18.5% increase in slot revenue this July. With $19.6 million in gross revenue, Sands was only … Continue reading
Posted in Australia, Cannery Casino Resorts, Harrah's, Macau, Pennsylvania, Reno, Sheldon Adelson, Steve Wynn, Technology, Tribal, Wall Street
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McKee vs. Lerner
Actually, the headline misstates what was a very collegial — if occasionally dissenting — exchange of views between Union Gaming Group's Bill Lerner and Yr. Humble Blogger on Jon Ralston's Face to Face show. It was only my second-ever gig … Continue reading
Posted in Atlantic City, Boulder Strip, Boyd Gaming, Colony Capital, Current, Economy, International, Kansas, Labor, M Resort, Macau, MGM Mirage, Sheldon Adelson, Singapore, Station Casinos, The Strip, TV, Wall Street
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Aztar deal the worst ever: it's quantifiable
When he acquired Aztar Corp., back in 2006, Columbia Sussex CEO William J. Yung III also became one of the company’s debtors. So what’s his $36 million worth today? According to the Wall Street Journal, 100 grand or less. If … Continue reading
Posted in Atlantic City, Carl Icahn, Columbia Sussex, Cosmopolitan, Current, Economy, Genting, Harrah's, International, Macau, Sheldon Adelson, Singapore, Stanley Ho, The Strip, Tropicana Entertainment
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