Category Archives: Melco Crown Entertainment

Case Bets: Station Casinos, CityCenter, Pittsburgh, James Packer

Posted on April 3, 2009 by David McKee

Credit-default swaps, some of those financial instruments that have played hob with the U.S. economy, are making a cameo appearance in the tortured saga of Station Casinos. If you insured Station’s debt, that insurance is worth more than the paper … Continue reading →

Posted in Colony Capital, Don Barden, James Packer, Lawrence Ho, Macau, Melco Crown Entertainment, MGM Mirage, Neil Bluhm, Pennsylvania, Station Casinos, Wall Street | Comments Off on Case Bets: Station Casinos, CityCenter, Pittsburgh, James Packer

Harrah's enjoys bailout

Posted on March 3, 2009 by David McKee

“Critics argue that the tax-law change rewards companies that took on too much leverage during the credit bubble, such as those that were bought by private-equity firms.” Sound like anybody we know? How about Harrah’s Entertainment, which played Russian roulette … Continue reading →

Posted in Colony Capital, Economy, Harrah's, James Packer, Macau, Melco Crown Entertainment, MGM Mirage, Politics, Sheldon Adelson, Station Casinos, Taxes, Wall Street | Comments Off on Harrah's enjoys bailout

Cannery sale on ice?

Posted on February 25, 2009 by David McKee

Nevada Gaming Control Board Chairman Dennis Neilander was kind enough to ring up pesky old NGCB detractor S&G today and provide some clarification on why Crown Ltd. and its supremo, James Packer, passed muster in the Silver State but have … Continue reading →

Posted in Australia, Boulder Strip, Cannery Casino Resorts, James Packer, Macau, Melco Crown Entertainment, Pennsylvania, Regulation | Comments Off on Cannery sale on ice?

Packer steps in it again

Posted on February 19, 2009 by David McKee

Now aren’t you glad that the Nevada Gaming Control Board and Gaming Commission were so quick to give James Packer the green light to own Cannery Casino Resorts? Not only is he facing an unfolding scandal in Australia, two casinos … Continue reading →

Posted in Australia, Cannery Casino Resorts, Macau, Melco Crown Entertainment, Regulation | Comments Off on Packer steps in it again

Stanley Ho's comeback

Posted on February 2, 2009 by David McKee

Citing the Lusa news agency, J.P. Morgan says that Macao casino revenues for January came in higher than expected, at $1.1 billion. The shocker, though, is the revision of market-share figures, which previously had shown Stanley Ho and Sheldon Adelson … Continue reading →

Posted in Australia, James Packer, Macau, Melco Crown Entertainment, MGM Mirage, Penn National, Politics, Sheldon Adelson, Singapore, Stanley Ho, Steve Wynn, The Mob | Comments Off on Stanley Ho's comeback

The prodigal son

Posted on January 19, 2009 by David McKee

Poor Kerry Packer; the late Australian mogul and famous high roller must be doing all his rolling in the grave now. Reputed for being daring at baccarat and cautious in business, the media baron is at least spared the indignity … Continue reading →

Posted in Aristocrat, Boulder Strip, Cannery Casino Resorts, Cosmopolitan, Economy, Fontainebleau, International, James Packer, Macau, Melco Crown Entertainment, Pennsylvania, Singapore, Station Casinos, Steve Wynn, The Strip | Comments Off on The prodigal son