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Category Archives: Massachusetts
Putting problem gaming on notice; Station has a hit
“Whilst the vast majority of our customers enjoy our products responsibly, it is high time that the industry did more to protect its customers from potential harm.” Thus spake GVC CEO Kenny Alexander in a dramatic change of policy. Along … Continue reading
Posted in Atlantic City, Caesars Entertainment, Connecticut, Foxwoods, Horseracing, International, Kazuo Okada, Marketing, Massachusetts, MGM Resorts International, Mohegan Sun, New Jersey, Palms, Philippines, Problem gambling, Sports, Station Casinos, TV, Wall Street, William Hill
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Wynn faces stiff fine, oversight; Rosenstein cuts and runs
Wynn Resorts dodged a $2.6 billion bullet and will get to keep Encore Boston Harbor. It will have to pay $35 million for that privilege (and it is a privilege) and will pony up the money if it’s smart. After … Continue reading
Posted in Internet gambling, Law enforcement, Massachusetts, Regulation, Steve Wynn, The Strip, Wynn Resorts
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Up and down the Strip; Land of the not-so-rising Sun
As a determination on its suitability in Massachusetts comes down to the wire (and opening date of Encore Boston Harbor is set for June 23), Wynn Resorts is trying to reap some positive karma. It has abandoned its pay-for-parking policy. … Continue reading
Posted in Caesars Entertainment, Derek Stevens, Downtown, Economy, Entertainment, Japan, Macau, Massachusetts, MGM Resorts International, New Jersey, Resort fees, Sports, Sports betting, The Strip, Wall Street, Wynn Resorts
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Nevada’s #1, not in a good way
WalletHub has been crunching the numbers again and come to the conclusion that Nevada is America‘s most-gaming addicted state. (Utah is the least, while the Silver State is followed by South Dakota, Montana, Mississippi and Oregon.) Casino-rich Florida was an incredibly … Continue reading
Posted in Australia, Connecticut, Crown Resorts, Delaware, Florida, Hawaii, Illinois, International, Kansas, Kentucky, Macau, Massachusetts, Michigan, Minnesota, Mississippi, Nebraska, Nevada, New Jersey, New Mexico, New York, Oklahoma, Pennsylvania, Problem gambling, Rhode Island, Slot routes, South Dakota, Virginia, Washington State, West Virginia
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Land of confusion
OK, so there are no condos on sale at the Plaza Resort in downtown Las Vegas. That much we have established. But it’s got to be one of the most baffling stories we’ve ever covered. For instance, “TLC” usually is shorthand … Continue reading
Posted in Animals, Caesars Entertainment, Churchill Downs, Golden Gaming, Illinois, Japan, Kentucky, Massachusetts, MGM Resorts International, New Jersey, Penn National, Politics, Racinos, Real Estate, Regulation, Sports betting, Tamares Group, Taxes, Terry Caudill, The Strip, Wall Street
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Steve Wynn 86’d; Icahn & Fertitta talk turkey
In an obvious attempt to placate the Massachusetts Gaming Commission, after a bruising set of hearings, Wynn Resorts has filed a legal brief in the Bay State, requesting permission to bar Steve Wynn from all Wynn Resorts properties. This is, in our … Continue reading
Wynn: Massagegate
” … in dealing with these [Wynn Resorts] folks, you take a bite of sirloin, you take another bite, it’s still sirloin. It doesn’t vary.” — former Massachusetts governor William Weld. In the run-up (more like amble-up) to last week’s … Continue reading
Posted in Donald Trump, Elaine Wynn, Kazuo Okada, Massachusetts, Nevada, Regulation, Sexual misconduct, Steve Wynn, Wynn Resorts
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Wynn bids for Crown Resorts; MGM garners lofty accolades
In the latest episode from this winter’s senseless round of buy-or-be-bought transactions, Wynn Resorts has tendered an offer to Crown Resorts. Presumably the fun has gone out of tying James Packer‘s shoelaces together. The transaction, while would transform Wynn into … Continue reading
Posted in Atlantic City, Australia, Carl Icahn, Dan Gilbert, Environment, Galaxy Entertainment, Hard Rock International, history, Japan, Las Vegas Sands, Macau, Massachusetts, Melco Resorts & Entertainment, MGM Resorts International, Ohio, Sexual misconduct, Steve Wynn, Unite-Here, Wall Street, Wynn Resorts
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Circa rustles up $$; Wynn slammed
Despite some distant jingoism in the halls of Congress, Derek Stevens in still putting his money—so to speak—on EB-5 investors. This Web site opens with a slide show of a soon-to-be Downtown icon, Circa, followed by the copy, “We have chosen … Continue reading
Posted in Derek Stevens, Downtown, Lucky Dragon, Massachusetts, MGM Resorts International, Movies, Regulation, Rhode Island, Sexual misconduct, SLS Las Vegas, Sports, Sports betting, Steve Wynn, Taxes, The Strip, Wall Street, Wynn Resorts
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Case Bets
It’s try, try again time for New Hampshire‘s Legislature, as it attempts to enact casino gambling. The state senate has narrowly passed a casino-enabling bill but it still needs to go through the lower house and receive the signature of … Continue reading
Posted in Arkansas, DFS, Entertainment, history, Las Vegas Sands, Macau, Massachusetts, MGM Resorts International, New Hampshire, Politics, Racinos, Regulation, Sports betting
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MGM: The first shall be last … or something like that
Closing out the J.P. Morgan Gaming & Lodging Management Access Forum were execs from MGM Resorts International. The company’s four priorities were stated as 1) drive organic growth, 2) bring new properties up to speed in terms of revenue performance, 3) … Continue reading
Gaming speaks: Wynn, Sands, Scientific
Wynn Resorts exuded overconfidence in a meeting with JP Morgan analysts. It’s already booking revenue from Encore Boston Harbor without knowing it’s going to hang onto the license. It also expects new revenue to be driven by the debut of … Continue reading
Posted in Caesars Entertainment, Carl Icahn, Illinois, International, Japan, Las Vegas Sands, Macau, Massachusetts, Pennsylvania, Scientific Games, Singapore, South Korea, The Strip, Tourism, Transportation, Wall Street, Wynn Resorts
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Meet the REITs; Station’s full platter
JP Morgan analysts met with MGM Growth Properties CEO James Stewart and CFO Andy Chien, whose assured them that MGP had a full pipeline of deals. (Could MGM Resorts International inoculate itself against the Federal Trade Commission by running a … Continue reading
Controversy embroils Wynn in Massachusetts
Sheldon Adelson‘s old sparring partner, Judge Elizabeth Gonzalez, was ruling on a Steve Wynn lawsuit last week, dismissing litigation against the Massachusetts Gaming Commission in light of the latter’s abject subjugation, er, settlement with Wynn. “The commission executed this action … Continue reading
Posted in Architecture, CityCenter, Florida, Hard Rock International, Horseracing, Majestic Star, Massachusetts, MGM Resorts International, Minnesota, Mississippi, Nevada, Problem gambling, Regulation, Sports betting, Steve Wynn, Tribal, Wynn Resorts
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Busy week for MGM; Adelson’s grim prognosis
Congratulations to MGM Resorts International on becoming the official casino sponsor of the Boston Red Sox (known around my house as “the Evil Empire”). I’m not sure how I feel about the MGM logo going up on the Green Monster, … Continue reading
Posted in Atlantic City, Baseball, Eldorado Resorts, history, Horseracing, Internet gambling, Japan, Las Vegas Sands, Laughlin, Massachusetts, MGM Resorts International, Michigan, Mississippi, Politics, Problem gambling, Real Estate, Regulation, Security, Sheldon Adelson, Sports, Sports betting, Steve Wynn, Taxes, Technology, Tribal, Tropicana Entertainment, William Hill
1 Comment
Business as usual
Ohio casinos grossed $155 million last month, a 5.5% increase. Hollywood Toledo was 2.5% to $16 million and Hollywood Columbus rose 3% to $19 million. Hollywood Dayton was also up 3% to $9 million. Hollywood Mahoning Valley leapt 7% to $10 … Continue reading
Posted in Ameristar, Animals, Boyd Gaming, Caesars Entertainment, California, Cantor Gaming, Churchill Downs, Dan Gilbert, Eldorado Resorts, Full House Resorts, Horseracing, Indiana, Japan, M Resort, Macau, Majestic Star, Massachusetts, MGM Resorts International, Movies, Ohio, Penn National, Regulation, Sports betting, The Strip, Wall Street, William Hill, Wynn Resorts
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Bowing to Wynn; Mixed views on Las Vegas
Today the Massachusetts Gaming Commission meets to finalize its disgraceful prostration, er, litigation settlement with Steve Wynn and presumably to lay the groundwork for levying some manner of fine on Wynn Resorts now that Nevada has set a $20 million … Continue reading
Posted in Boulder Strip, Caesars Entertainment, California, Carl Icahn, Donald Trump, Economy, Environment, Lake Tahoe, Las Vegas Raiders, Laughlin, Massachusetts, Mesquite, Nevada, North Las Vegas, Phil Ruffin, Regulation, Reno, Sexual misconduct, Sports, Steve Wynn, The Strip, Wendover, Wynn Resorts
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SJM Fok-ed up; Virginia approves casinos
Lucina Laam may be the most important person in Macao‘s turbulent casino history. As Wife #2 of Stanley Ho she bore Daisy Ho, Pansy Ho, Lawrence Ho and two other daughters not involved in the gaming biz. Now, in an … Continue reading
Posted in Atlantic City, Caesars Entertainment, DFS, Donald Trump, Downtown Grand, Environment, history, International, Las Vegas Sands, Lawrence Ho, Macau, Marketing, Maryland, Massachusetts, Melco Resorts & Entertainment, MGM Resorts International, New York, Pansy Ho, Pennsylvania, Politics, Singapore, Sociedade de Jogos de Macau, Stanley Ho, Technology, Tribal, Virginia
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MGM, Eldorado, Churchill Downs looking up
Credit Suisse‘s Cameron McKnight flew out to San Francisco to meet with MGM Resorts International CEO Jim Murren. The biggest headline item would be the eccentricity of Murren choosing to meet in Frisco rather than at MGM HQ in Las … Continue reading
Posted in Architecture, Atlantic City, Caesars Entertainment, Churchill Downs, DFS, Eldorado Resorts, history, Horseracing, Illinois, Internet gambling, Louisiana, Marketing, Maryland, Massachusetts, MGM Resorts International, MTR Gaming, Neil Bluhm, Ocean Resort, Resort fees, Rush Street Gaming, The Strip, Wall Street
1 Comment
Wynn Resorts walloped
We’ve been down for a day and half for maintenance but S&G is back now with a doozy of a news dispatch: The good news for Wynn Resorts is that it gets to keep its Nevada gaming license. The bad … Continue reading
Posted in Cantor Gaming, Culinary Union, Donald Trump, history, Massachusetts, Politics, Prostitution, Real Estate, Regulation, Sports, Steve Wynn, Transportation, Wall Street, Wynn Resorts
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