Category Archives: Massachusetts

Macao is back; Steelman predicts the future

Posted on February 1, 2018 by David McKee

Gross gaming revenues in Macao blew away Wall Street analysts’ estimates of 19% growth, posting a 36.5% gain. Deutsche Bank analyst Carlo Santarelli still advised caution for the near future, writing, “While [Chinese New Year] generates a lot of hype, the … Continue reading →

Posted in Architecture, Atlantic City, Galaxy Entertainment, Genting, Hard Rock International, Internet gambling, Macau, Massachusetts, Revel, Steve Wynn, The Strip, Tilman Fertitta, Wall Street | Comments Off

Wynn’s disgrace continues; Robots overthrow Las Vegas

Posted on February 1, 2018 by David McKee

It’s getting to the point that one wishes Steve Wynn would just go away quietly and take the saga of his sagging, septuagenarian genitals with him. But the news is rarely convenient like that. Fox News is reporting that the … Continue reading →

Posted in Colony Capital, Economy, GLPI, history, Illinois, Iowa, Massachusetts, Regulation, Steve Wynn, Technology, Unite-Here | 3 Comments

New investigation of Wynn; Eldorado on the prowl

Posted on January 31, 2018 by David McKee

After several days of uncertainty, it’s definitive: The Nevada Gaming Control Board will investigate the allegations of sex abuse against Steve Wynn. In the past the NGCB has been only too willing to look the other way when prominent Nevada … Continue reading →

Posted in Atlantic City, Colorado, Downtown, Eldorado Resorts, Entertainment, Florida, history, Isle of Capri, Louisiana, Macau, Massachusetts, Mississippi, Missouri, Regulation, Reno, Sexual misconduct, Station Casinos, Steve Wynn, Wall Street | Comments Off

Wynn loses big-time

Posted on January 30, 2018 by David McKee

Since the Wall Street Journal broke the cone of silence around Steve Wynn‘s sex life, shares of WYNN have fallen 19%. That means that the Wynn Resorts CEO is $463 million the poorer, being so heavily invested in his own … Continue reading →

Posted in Donald Trump, Macau, Massachusetts, Minnesota, Politics, Regulation, Sexual misconduct, Steve Wynn | 1 Comment

Wynn: The fallout

Posted on January 29, 2018 by David McKee

It’s still early in the apparent downfall of Steve Wynn but already there’s heated pressure being put on both Democrats and Republicans to disown his largesse. Rep. Karen Handel (R) was out in front, giving $2,700 Wynnbucks to “a charity in … Continue reading →

Posted in Architecture, Donald Trump, Galaxy Entertainment, Japan, Macau, Massachusetts, Nevada, Politics, Regulation, Sheldon Adelson, Steve Wynn, Wall Street | Comments Off

Steve Wynn: Time’s up

Posted on January 27, 2018 by David McKee

Yesterday, the penny dropped on Steve Wynn, as multiple reports of sexual predation made the news. According to the Wall Street Journal, we’re not talking about one or two accusers but “dozens,” over a period of decades. Without diminishing the … Continue reading →

Posted in Animals, CityCenter, Current, Dennis Gomes, Donald Trump, Election, Harrah's, Japan, Lucky Dragon, Massachusetts, MGM Mirage, Nevada, Politics, Regulation, Sheldon Adelson, Steve Wynn, The Strip, Wall Street, Wisconsin | 2 Comments

Adelson: Big is more; MGM misses important deadline

Posted on January 26, 2018 by David McKee

Wall Street analysts expected Las Vegas Sands to post cash flow of $718 million last quarter but it blew through the ‘stop’ sign and checked in with $731 million. Even though recovering from three cracked ribs, CEO Sheldon Adelson had … Continue reading →

Posted in Ameristar, Architecture, Cordish Co., Galaxy Entertainment, GLPI, Greenwood Racing, Illinois, Internet gambling, Law enforcement, Macau, Massachusetts, MGM Mirage, Missouri, Penn National, Pennsylvania, Politics, Problem gambling, Regulation, Sheldon Adelson, Steve Wynn, Taxes, Tropicana Entertainment | 1 Comment

The Macao mystery; Regional roundup

Posted on January 25, 2018 by David McKee

Steve Wynn was exuding confidence this week that Wynn Macau and Wynn Palace wouldn’t be nationalized by Macao, telling investors, “We are so stitched into that community, with our employees and our company, that we feel comfortable in this situation.” On … Continue reading →

Posted in Entertainment, Harrah's, Macau, Massachusetts, MGM Mirage, Mississippi, Penn National, Regulation, Sports, The Strip, Tribal | Comments Off

New York-New York boosts thrill quotient; Seminoles play with fire

Posted on January 23, 2018 by David McKee

As rollercoaster rides go, New York-New York‘s is reassuringly tame. Perhaps in recognition of that, MGM Resorts International is going to kick things up a notch with digital augmentation. According to the Los Angeles Times, “The 3½-minute virtual reality experience … Continue reading →

Posted in Charity, Donald Trump, Election, Florida, Genting, International, Internet gambling, Japan, Massachusetts, MGM Mirage, Politics, Problem gambling, Seminole Tribe, Taxes, Technology, The Strip | 1 Comment

Monopoly!

Posted on January 18, 2018 by David McKee

“They came. They saw. They were rejected,” wrote Richard Velotta wittily in the Las Vegas Review-Journal‘s report of a spurned takeover attempt by MGM Growth Properties of Vici Properties. Yes, the long-dreaded MGM/Caesars merger effort has finally come to pass. … Continue reading →

Posted in Ameristar, Architecture, Boyd Gaming, Donald Trump, Harrah's, Indiana, Majestic Star, Massachusetts, MGM Mirage, Pinnacle Entertainment, The Strip, Tribal, Wall Street | 3 Comments

Carnage in Pennsylvania; Fortune Cup takes on Sigma Derby

Posted on January 15, 2018 by David McKee

*Slot revenues at Pennsylvania casinos are in and if JP Morgan‘s numbers are correct they were terrible. According to Morgan analysts slot winnings dove 27%, bottoming out at $187.5 million. Worst off was Sands Bethlehem ($25 million), sinking 44%, followed … Continue reading →

Posted in Boyd Gaming, Dan Gilbert, Delaware, Detroit, Eldorado Resorts, GLPI, Greenwood Racing, Harrah's, Internet gambling, Massachusetts, MGM Mirage, Minnesota, Neil Bluhm, Nevada, Penn National, Pennsylvania, Pinnacle Entertainment, Politics, Sheldon Adelson, Sports, Station Casinos, Taxes, Technology, Tourism, Tribal, Wall Street, West Virginia | Comments Off

Unlucky Dragon; Gaughan plays Lady Bountiful

Posted on January 8, 2018 by David McKee

Business at the semi-defunct Lucky Dragon casino must have really been sucking wind if it closed six weeks before Chinese New Year, which one would expect to be the property’s sweet spot. Lucky Dragon management is putting a brave face … Continue reading →

Posted in Atlantic City, Harrah's, International, Iowa, Japan, Louisiana, Lucky Dragon, Macau, Massachusetts, MGM Mirage, Michael Gaughan, Regulation, SLS Las Vegas, Sociedade de Jogos de Macau, Taxes, The Strip, Wall Street | 1 Comment

The Deal of the Year

Posted on December 19, 2017 by David McKee

Ever-ravenous Penn National Gaming gulped down Pinnacle Entertainment over the weekend, paying $2.8 billion for a collection of top-quality gaming assets. Among other benefits, the deal strengthens Penn’s position in its home state, as it gets The Meadows racino, doubling … Continue reading →

Posted in Ameristar, Boyd Gaming, Colorado, Economy, Eldorado Resorts, GLPI, International, Iowa, Louisiana, Massachusetts, Missouri, Ohio, Penn National, Pennsylvania, Pinnacle Entertainment, Racinos, Station Casinos, Taxes, Tourism, Transportation, Wall Street | 3 Comments

New York: Turning the page; Cal-Neva is on the clock

Posted on December 15, 2017 by David McKee

‘Wait three years’ is the new rationale coming out of Albany, now that three new casinos in upstate New York have failed to meet Year One revenue projections. Taking the glass-half-full perspective, state Sen. John Bonacic says that the casinos were … Continue reading →

Posted in Economy, Genting, Internet gambling, Japan, Lake Tahoe, Massachusetts, Neil Bluhm, New York, Penn National, Politics, Problem gambling, Racinos, Regulation, Sports, Taxes, Tribal | 1 Comment

Stable in Atlantic City; Saturated in Pennsylvania

Posted on November 16, 2017 by David McKee

Casino business in Atlantic City was flat last month (not bad with one less weekend day), with the surviving casinos grossing $186 million. Internet revenue shot up 23.5% to $20.5 million. Slots were up 1% but tables, where wagering was down … Continue reading →

Posted in Atlantic City, Dan Gilbert, Detroit, Eldorado Resorts, Glenn Straub, Greenwood Racing, Harrah's, Internet gambling, Massachusetts, MGM Mirage, Mohegan Sun, Neil Bluhm, Penn National, Pennsylvania, Pinnacle Entertainment, PokerStars, Racinos, Sheldon Adelson, Tilman Fertitta, Tropicana Entertainment | Comments Off

Penn regroups, Sands expands; Beware the Yakuza

Posted on November 13, 2017 by David McKee

Santa Claus has come early, in the guise of hardworking Deutsche Bank analyst Carlo Santarelli. He’s been so busy profiling gaming’s top companies we wonder when he finds time for sleep. His recent visits have included one to Penn National … Continue reading →

Posted in Ameristar, Dining, Environment, Harrah's, Illinois, Indiana, Japan, Macau, Majestic Star, Maryland, Massachusetts, MGM Mirage, Ohio, Penn National, Pennsylvania, Pinnacle Entertainment, Regulation, Sheldon Adelson, Singapore, Steve Wynn, Taxes, The Mob, The Strip, Wall Street, West Virginia | Comments Off

Crown in hot water again; Wynn and whimsy

Posted on October 20, 2017 by David McKee

Crown Resorts just can’t stay out of trouble. On the first anniversary (roughly) of the arrest of the Crown 18 in China, the casino giant stands accused of rigging video poker machines. Parliamentary lone wolf and anti-gambling crusader Andrew Wilkie … Continue reading →

Posted in Architecture, Australia, Boyd Gaming, Churchill Downs, Eldorado Resorts, GLPI, Harrah's, Isle of Capri, James Packer, Louisiana, Massachusetts, Pinnacle Entertainment, Regulation, Steve Wynn, The Crown 18, Tilman Fertitta | 2 Comments

Freeman goes native; MGM hits a three-pointer

Posted on October 18, 2017 by David McKee

American Gaming Association President Geoff Freeman was in Oklahoma City yesterday to talk up the economic benefits of Native American gaming. While one might be tempted to say they speak for themselves, the AGA rolled out some pretty powerful numbers. … Continue reading →

Posted in Alaska, Animals, California, Cosmopolitan, Florida, Foxwoods, George Maloof, Mandalay Bay Massacre, Marketing, Massachusetts, MGM Mirage, Mohegan Sun, Oklahoma, Sports, Texas, The Strip, Tribal, TV | Comments Off

Strange bedfellows indeed; Massachusetts responds to Vegas massacre

Posted on October 17, 2017 by David McKee

Ex-Indiana Gov. Mike Pence‘s anti-casino past came back to bite him in the keester this week. A lengthy exposé reveals that, even as Pence was publicly posturing about “no expansion of gaming” in Indiana — although Pence never clearly defined … Continue reading →

Posted in Atlantic City, California, Centaur Gaming, Charity, Delaware, Donald Trump, e-sports, G2E, Gary Goett, Indiana, Internet gambling, Mandalay Bay Massacre, Maryland, Massachusetts, Nevada, Politics, Regulation, Sheldon Adelson, Station Casinos, Technology, Tribal | Comments Off

Culinary clashes with Fertittas (again), girds for Caesars labor talks

Posted on October 16, 2017 by David McKee

Always keeping the pressure on Station Casinos, longtime adversary the Culinary Union has rolled out a new Web site, FertittaMoneyWatch.org. Although its principal mission is to keep tabs on a nascent investment fund, Fertitta Capital, the site also promotes the … Continue reading →

Posted in Atlantic City, Colony Capital, Culinary Union, Hard Rock International, Harrah's, Japan, Mandalay Bay Massacre, Massachusetts, MGM Mirage, Penn National, Rhode Island, Sheldon Adelson, Station Casinos, The Strip, Wall Street | Comments Off