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Category Archives: Melco Crown Entertainment
Macao: The fine art of spin
No wonder Steve Wynn and Sheldon Adelson love it in China. Where else are you going to find such a compliant media, able to extract a silver lining from the darkest of clouds. For instance, “cost overruns” are something that … Continue reading
Posted in Current, Economy, Harrah's, James Packer, Lawrence Ho, Macau, Melco Crown Entertainment, MGM Mirage, Pansy Ho, Politics, Regulation, Sheldon Adelson, Stanley Ho, Steve Wynn
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Jump le sharque: Cirque bombs in Macao
After sinking a reported $150 million into Cirque du Soleil‘s Zaia, Las Vegas Sands may find itself in possession of a very expensive “loss leader.” According to The Australian, “attendances [sic] have been poor and tickets have been heavily discounted.” … Continue reading
Posted in Atlantic City, Cirque du Soleil, Current, Detroit, Economy, Entertainment, International, James Packer, Lawrence Ho, Louisiana, Macau, Marketing, Melco Crown Entertainment, MGM Mirage, Mississippi, Pennsylvania, Sheldon Adelson, Steve Wynn, Tourism, Wall Street
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And then there was one
Scarcely had Steve Wynn and Victor Drai parted company than Wynn Resorts issued this curt declaration at 10 a.m. today: Cy Waits has been separated from the company and is free to pursue other interests. Wynn [Resorts] has no further … Continue reading
Venetian Oriental delayed again; Wynn & Drai divorce
Worker-recruitment problems in Macao are worse than Las Vegas Sands has been letting on. The company has now re-postponed its $4 billion, 6,000-room Venetian Oriental into late 2011, with its second phase debuting in mid-2012. The company’s verbiage, however, raises … Continue reading
New shakeup at Melco; Adelson goes tropical
Those of you for whom Melco Crown Entertainment has been a bumpy ride are about to experience additional turbulence. CFO Simon Dewhurst has stepped down and MPEL board has — rather late in the day — decided “to find a … Continue reading
Business is booming … overseas
At some point, Peking may decide that Macao is overheated but for the moment it’s simply red-hot. Revenues vaulted 70% last month, to the tune of $2 billion U.S. dollars (or $25,435,856,924 Zimbabwean), the second-best number in Macanese history. Wynn … Continue reading
Concord in Massachusetts; Mixed bag at Melco
It’s been leaked to the Boston Globe that a deal is at hand that would resolve the impasse currently holding casino-enabling legislation at bay. While still probably not to Gov. Deval Patrick‘s liking (he wants one racino, the compromise bill … Continue reading
Posted in Arizona, Bally Technologies, Current, Detroit, Economy, Election, IGT, James Packer, Lawrence Ho, Macau, Melco Crown Entertainment, Politics, Racinos, Sheldon Adelson, Slot routes, Steve Wynn, The Strip, Tourism, WMS Industries
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Cool breeze from Macao; Harrah’s panty raid stymied
One of Stanley Ho‘s lieutenants has scanned the 2010 horizon and doesn’t like what he sees. Sociedade de Jogos de Macau division president Frank McFadden believes VIP play will soften in 3Q-4Q10, as stock-market losses take their toll (a viewed … Continue reading
Harrah’s still pining for Macao
While we’re on the subject of white elephants today, Harrah’s Entertainment still has a little boondoggle in Macao in the form of a $577 million golf course. Cornered by a reporter at G2E Asia, Harrah’s Asian viceroy, Michael Chen, conceded … Continue reading
Posted in CityCenter, Current, Dining, Economy, G2E, Harrah's, history, James Packer, Lawrence Ho, Macau, Melco Crown Entertainment, MGM Mirage, Movies, Pennsylvania, Regulation, Sports, The Strip, TV
2 Comments
Harrah’s $1.5B Bratislava bet; Marina Bay Sands booms; Falcons swoop upon Hilton, etc.
With almost no exception other than The Newspaper That Shall Remain Nameless, a $1.85 billion Metropolis project headed up by Harrah’s Entertainment has flown completely under the radar of the U.S. media ever since its announcement last October. Oh, some … Continue reading
“Wow”
No, that’s not the sound of the Las Vegas Review-Journal‘s Jennifer Robison going weak in the knees at the sight of CityCenter again. It’s J.P.Morgan‘s analysts getting turned on by early numbers from Marina Bay Sands. So excited were they … Continue reading
Posted in CityCenter, Current, Economy, Entertainment, Genting, International, James Packer, Lawrence Ho, Macau, Marketing, Massachusetts, Melco Crown Entertainment, Sheldon Adelson, Singapore, Tourism, Tribal, Wall Street
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Macao’s best month ever
Pace T.S. Eliot, April was not the cruelest month for Macao. Quite the contrary: The protectorate posted gambling revenues of $1.72 billion, a single-month record. Galaxy Entertainment (whose new Cotai Strip™ pleasure palace is pictured, above) brought up the rear, … Continue reading
Posted in Current, Economy, International, James Packer, Lawrence Ho, Macau, Melco Crown Entertainment, MGM Mirage, Regulation, Sheldon Adelson, Stanley Ho, Steve Wynn
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From the S&G Twitter feed …
It’s a crazy day here and I’m deeply enmeshed in reportage (hint: it involves Station Casinos) so I’d like to take up some of the blogging slack by once more pimping the S&G Twitter feed (@stiffsgeorges), which can also be … Continue reading
Posted in Alex Yemenidjian, Archon Corp., Bally Technologies, Current, Election, Entertainment, Harrah's, Isle of Capri, James Packer, Lawrence Ho, Macau, Marketing, Melco Crown Entertainment, MGM Mirage, Mississippi, Pinnacle Entertainment, Planet Hollywood, Sheldon Adelson, Singapore, Steve Wynn, Technology, Wall Street
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Phrase of the Day
“Elongated length of play metrics.” That’s Wall Streetspeak for, “We think additional hotel rooms [at City of Dreams] are causing people to stay and play longer.” I expect we’ll be hearing a lot about ELPM “going forward,” as they say … Continue reading
Posted in Current, Economy, James Packer, Lawrence Ho, Macau, Melco Crown Entertainment, Tourism
1 Comment
Mania in Macao
Las Vegas casino floors nearly look somnolent compared to the intense baccarat play captured by CNN at Melco Crown Entertainment‘s megaresort, City of Dreams. For added fun, one gets a bit of James Bond (Sean Connery) throwing down against “smug … Continue reading
Posted in CityCenter, James Packer, Lawrence Ho, Macau, Melco Crown Entertainment, MGM Mirage, Movies, The Strip, TV
1 Comment
Best Strip bargain yet? Plus: Loveman’s verbal gymnastics, pool fees, etc.
Luke Jermay is a charming English mentalist who does a low-budget but worthwhile show at O’Shea’s. His presentation may not be as polished as that of rival Gerry McCambridge, but what Jermay lacks in razzmatazz, he makes up in personality. … Continue reading
Macao’s big ass-month
Casinos in Macao blew way past expectations, raking in $1.6 billion last month (a 70% increase). Stanley Ho‘s SJM widened its lead on Las Vegas Sands, although the latter had more market share (20%) than MGM Grand Macau and Galaxy … Continue reading
Posted in Architecture, Atlantic City, Economy, Environment, Florida, Genting, Harrah's, James Packer, Lawrence Ho, Macau, Melco Crown Entertainment, MGM Mirage, Politics, Racinos, Regulation, Sheldon Adelson, Singapore, Stanley Ho, Steve Wynn, The Strip, Tribal, Wall Street
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Sheldon Adelson, TV star
There I was, wrapping up a two-day “staycation” with dinner at Metro Pizza when I looked up and … let’s say I’m lucky I didn’t choke to death from shock at what I saw. There was Las Vegas Sands potentate … Continue reading
Harrah’s: too big to fail
Take a good look at that fresh-faced man to the left. His name is Jonathan Halkyard and he’s the CFO of Harrah’s Entertainment. If he seems like a kid who’s running up a reckless tab on Dad’s credit card, blame … Continue reading
Posted in Atlantic City, Harrah's, Herbst Gaming, James Packer, Lake Tahoe, Melco Crown Entertainment, Ohio, Planet Hollywood, Racinos, Station Casinos, The Strip, Wall Street
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