Category Archives: Massachusetts

MGM, Wynn woo Wall Street

Posted on May 11, 2018 by David McKee

This week, in conjunction with the opening of Park MGM, the parent company rolled out the red carpet for Wall Street analysts. “While there were no major announcements/surprises, we felt management put forth a thorough effort to better articulate its … Continue reading →

Posted in Elaine Wynn, Japan, LVCVA, Macau, Marketing, Massachusetts, MGM Mirage, Ohio, Regulation, Sheldon Adelson, Sports, Steve Wynn, The Strip, Transportation, Wall Street, Wynn Resorts | Comments Off

Park MGM to eclipse Bellagio?; Cleveland does not rock

Posted on May 9, 2018 by David McKee

Park MGM isn’t even open yet and Bloomberg has already drunk its bathwater. Think I’m exaggerating? A fluff piece declares that the casino-in-progress will “steal attention from MGM’s highest-end hotel, the Bellagio, as well as the most recent hotel to … Continue reading →

Posted in Architecture, CityCenter, Cosmopolitan, Dan Gilbert, Dining, history, Law enforcement, Lucky Dragon, Massachusetts, MGM Mirage, Ohio, Steve Wynn, Technology, The Strip, Wynn Resorts | 1 Comment

Sheehan out at Scientific; Carry them back to old Virginny

Posted on May 8, 2018 by David McKee

Outgoing Scientific Games CEO (and Telemundo founder) Kevin Sheehan grew the company beyond recognition, increased revenue, reorganized its internal structure and aggressively paid down debt. So why is he being kicked upstairs to “senior advisor”? Your guess is as good … Continue reading →

Posted in Foxwoods, Horseracing, International, Maryland, Massachusetts, MGM Mirage, Mohegan Sun, Nevada, Politics, Racinos, Regulation, Scientific Games, Sports, Tribal, Wynn Resorts | Comments Off

Ohio good, Maryland better; The mystery of Carrot Top

Posted on May 8, 2018 by David McKee

Last month found the State of Maryland in good health when it came to gaming revenue, up 6%. Most of this was driven — one is tempted to say “of course” — by MGM National Harbor, vaulting 15.5% for an … Continue reading →

Posted in Churchill Downs, Cordish Co., Dan Gilbert, Economy, Eldorado Resorts, Entertainment, Environment, GLPI, Hard Rock International, Harrah's, Macau, Maryland, Massachusetts, MGM Mirage, Ohio, Penn National, Pinnacle Entertainment, Racinos, Sheldon Adelson, Sociedade de Jogos de Macau, Taxes, The Strip, Transportation, West Virginia | Comments Off

Elaine calls the shots; Now it’s Encore Boston Harbor

Posted on May 3, 2018 by David McKee

Wynn Resorts has been ceding to the wishes of Elaine Wynn of late but it got its back up when she demanded the removal of board member John Jay Hagenbuch. Ms. Wynn views him as a crony of her ex-husband … Continue reading →

Posted in Atlantic City, Colorado, Elaine Wynn, Eldorado Resorts, Entertainment, Florida, Foxwoods, Hard Rock International, International, Internet gambling, Isle of Capri, Macau, Massachusetts, MGM Mirage, Mississippi, Mohegan Sun, Moulin Rouge, Politics, Regulation, Revel, Steve Wynn, Tilman Fertitta, TV, Wynn Resorts | 3 Comments

Boyd weathers challenges; MGM swoons

Posted on April 27, 2018 by David McKee

An alternate headline for Boyd Gaming‘s 1Q18 results might be “better than expected.” Although the company had modeled a $12 million-$15 million cash flow hit at Blue Chip from new, nearby Four Winds Casino, the company’s Midwest revenues came in … Continue reading →

Posted in Ameristar, Boyd Gaming, CityCenter, Downtown, Greenwood Racing, Hawaii, Indiana, Japan, Louisiana, Macau, Mandalay Bay Massacre, Massachusetts, MGM Mirage, Missouri, Ohio, Palms, Pennsylvania, Pinnacle Entertainment, Politics, Resort fees, Sports, Station Casinos, Tribal, Wall Street, Wynn Resorts | 1 Comment

MGM sets Springfield date; Adelson hits pay dirt

Posted on April 26, 2018 by David McKee

Even as it’s using MGM Springfield as a catspaw to potentially land Wynn Boston Harbor, that didn’t prevent MGM Resorts International from announcing a date certain for the Springfield opening. Mark August 24 on your calendars, for that is the day … Continue reading →

Posted in Architecture, Atlantic City, Churchill Downs, Detroit, Dining, Donald Trump, Entertainment, history, Horseracing, International, Japan, Louisiana, Macau, Maine, Maryland, Massachusetts, MGM Mirage, Penn National, Singapore, South Korea, Sports, Technology, The Strip, Tribal, Wall Street, Wynn Resorts | Comments Off

Wynn: The brand stays

Posted on April 25, 2018 by David McKee

Recently we wrote, in a different forum, that the ultimate verdict on whether to keep the “Wynn” brand on Wynn Resorts would be delivered by customers. Based on 1Q18 results, the vote is “yes.” Deutsche Bank analyst Carlo Santarelli called … Continue reading →

Posted in Galaxy Entertainment, GLPI, Japan, Macau, Massachusetts, Penn National, Steve Wynn, The Strip, Wall Street | Comments Off

MGM plays games with tribes, MGM Springfield, as Zinke steps in it

Posted on April 24, 2018 by David McKee

As various non-gaming related scandals gain critical mass around ersatz geologist and Secretary of the Interior Ryan Zinke, he’s found himself front and center in a casino mess in Connecticut. Seems that Zinke turned a deaf ear to career Interior … Continue reading →

Posted in Boyd Gaming, Donald Trump, Eldorado Resorts, Foxwoods, Genting, Harrah's, International, Massachusetts, MGM Mirage, Mohegan Sun, Penn National, PokerStars, Politics, Regulation, Sheldon Adelson, Sports, Wall Street, Wynn Resorts | 1 Comment

Mixed report from Japan; Wynn Boston Harbor up for grabs

Posted on April 23, 2018 by David McKee

First, the good news: The casino-regulation bill over which Japan‘s Liberal Democratic Party has slaved, may make it into the Diet by Friday, giving the Nipponese parliament just under two months to consider it. (The Diet adjourns on June 20.) … Continue reading →

Posted in Atlantic City, Boyd Gaming, Foxwoods, Genting, Geoff Freeman, Hard Rock International, Harrah's, Japan, Massachusetts, MGM Mirage, Mohegan Sun, Nevada, Penn National, Politics, Problem gambling, Regulation, Seminole Tribe, Sheldon Adelson, Wall Street, Wynn Resorts | 1 Comment

Elaine Wynn, power player; Hard Rock’s big splash

Posted on April 20, 2018 by David McKee

Who thought the day would come that Elaine Wynn was the largest single shareholder in Wynn Resorts? She’s flexing her newfound muscles by demanding an all-but-clean sweep of the board of directors (we sympathize). Lest this be seen as a … Continue reading →

Posted in Arkansas, Atlantic City, Elaine Wynn, Election, Entertainment, Hard Rock International, Massachusetts, Steve Wynn, Wynn Resorts | Comments Off

Japan “better than feared.” Mixed bag in Louisiana

Posted on April 17, 2018 by David McKee

How do evolving casino casino regulations in Japan look? Well, how does ‘not as bad as expected’ sound? Trust me, that’s good news. And don’t take my word: Take that of Morgan Stanley. Taxes will be set at 30%, which … Continue reading →

Posted in Boyd Gaming, Churchill Downs, Dan Gilbert, Detroit, Eldorado Resorts, Florida, Galaxy Entertainment, GLPI, Harrah's, Isle of Capri, Japan, Louisiana, Marijuana, Massachusetts, MGM Mirage, Nevada, Penn National, Philippines, Pinnacle Entertainment, Politics, Sheldon Adelson, Taxes, Tilman Fertitta, Tropicana Entertainment, Wall Street | Comments Off

Icahn out, Eldorado in; Caesars balks at Hoosier fee

Posted on April 16, 2018 by David McKee

Carl Icahn was in a selling mood last weekend, cashing out of Tropicana Entertainment. The buyer was Eldorado Resorts, which paid Icahn $1.85 billion, then flipped nearly all the physical assets to Gaming & Leisure Properties for $1.2 billion. Not content … Continue reading →

Posted in Ameristar, Atlantic City, Carl Icahn, Centaur Gaming, Charity, Dining, Eldorado Resorts, Florida, GLPI, Hard Rock International, Illinois, Indiana, International, Internet gambling, Iowa, Lake Tahoe, Laughlin, Law enforcement, Louisiana, Massachusetts, MGM Mirage, Mississippi, Penn National, Pennsylvania, Regulation, Seminole Tribe, Tropicana Entertainment, Wall Street | 1 Comment

MGM Boston?!?; Sports betting proceeds fitfully

Posted on April 16, 2018 by David McKee

According the Wall Street Journal, talks are underway between MGM Resorts International and Wynn Resorts for the latter to be shot of Wynn Boston Harbor, which has become a regulatory albatross around Wynn’s neck. Although this would mean giving almost … Continue reading →

Posted in Illinois, Kansas, Maryland, Massachusetts, MGM Mirage, Minnesota, Missouri, Mohegan Sun, Politics, Regulation, Sexual misconduct, Slot routes, Sports, Steve Wynn, Taxes, Wall Street, Wynn Resorts | Comments Off

Study zings MGM; Galaxy resort vetoed

Posted on April 11, 2018 by David McKee

Allowing a fourth casino into Connecticut — and thereby abrogating its gaming compacts — could be extremely costly for the Nutmeg State. That’s the conclusion of a new study by casino pundit Clyde Barrow. He writes that the new casino … Continue reading →

Posted in Affinity Gaming, Ameristar, Boyd Gaming, Centaur Gaming, Economy, Environment, Foxwoods, Full House Resorts, Galaxy Entertainment, Harrah's, Majestic Star, Maryland, Massachusetts, MGM Mirage, Mohegan Sun, New York, Penn National, Philippines, Pinnacle Entertainment, Politics, Taxes, Tribal, Tropicana Entertainment | Comments Off

Wynn out, MGM in: Is history repeating itself?

Posted on April 9, 2018 by David McKee

Remember when Kirk Kerkorian made Steve Wynn an offer he couldn’t refuse for Mirage Resorts? It looks like history is going to repeat itself with “back-channel approaches” being made by MGM Resorts International to embattled Wynn Resorts. “Wynn Resorts is … Continue reading →

Posted in Archon Corp., Donald Trump, Elaine Wynn, Galaxy Entertainment, Genting, Hard Rock International, Harrah's, Japan, Laughlin, Macau, Massachusetts, MGM Mirage, Nevada, Ohio, Pennsylvania, Politics, Regulation, Sexual misconduct, Steve Wynn, The Strip, Wall Street, Wynn Resorts | Comments Off

Florida dithers; MGM catches a wave

Posted on April 4, 2018 by David McKee

Having once more proven itself constitutionally incapable (pun intended) of passing gaming legislation during the normal course of doing business, the Florida Lege is now talking ‘special session,’ which seems like what it would take to get anything done, if … Continue reading →

Posted in Atlantic City, DFS, Economy, Florida, Internet gambling, Japan, Macau, Massachusetts, MGM Mirage, Mississippi, Politics, Racinos, Regulation, Seminole Tribe, Sexual misconduct, Sports, Steve Wynn | Comments Off

Harrah’s wins in Big Easy; Could Wynn Resorts beat Boston rap?

Posted on April 2, 2018 by David McKee

Harrah’s New Orleans is a step away from a major makeover, now that the Louisiana House of Representatives cast a veto-proof vote in favor of a 30-year license extension, a new hotel tower and an expansion of the hotel-casino’s amenities. … Continue reading →

Posted in Arkansas, Cretins, DFS, Dining, Elaine Wynn, Election, Harrah's, Horseracing, Internet gambling, Louisiana, Maine, Massachusetts, Penn National, Politics, Regulation, Sexual misconduct, Sports, Steve Wynn, Taxes, Wall Street, Wynn Resorts | Comments Off

Wynn: The cancer spreads

Posted on March 30, 2018 by David McKee

Executives at Wynn Resorts must have thought they’d outmaneuvered all the regulatory torpedoes headed their way. Steve Wynn had been banished, his stock sold, two board members were on the way out. Then the Wall Street Journal launched a new … Continue reading →

Posted in Elaine Wynn, Massachusetts, Regulation, Sexual misconduct, Steve Wynn, The Strip, Wynn Resorts | Comments Off

Quo vadis, Steve?; Dan Gilbert’s new twist

Posted on March 27, 2018 by David McKee

Gaming Industry Daily Report Editor Alan Woinski has some interesting speculations about Steve Wynn‘s future and his big stock cash-out. “He will need the money considering he never received a golden parachute when he stepped down. He could have a lot … Continue reading →

Posted in Dan Gilbert, Derek Stevens, Detroit, Galaxy Entertainment, Japan, Macau, Mandalay Bay Massacre, Massachusetts, Ohio, Philippines, Politics, Regulation, Resort fees, Security, Steve Wynn, Technology, The Strip, Wall Street, Westgate LV, Wynn Resorts | 1 Comment