Category Archives: Melco Resorts & Entertainment

Scientific pays up; Clouds over Macao

Posted on December 14, 2018 by David McKee

“While we firmly believe that the jury decision was wrong, we are pleased with the outcome of the settlement and that this matter will be resolved for good,” said Scientific Games Chief Legal Officer James Sottile, trying to spin a … Continue reading →

Posted in Caesars Entertainment, Colony Capital, Donald Trump, Economy, Japan, Las Vegas Sands, Law enforcement, Macau, Melco Resorts & Entertainment, Scientific Games, Sheldon Adelson, Steve Wynn, Transportation, Wall Street, Wynn Resorts | 1 Comment

Moderate-sized trouble in Little China

Posted on December 12, 2018 by David McKee

There’s trouble ahead for Macao but the casino industry has plenty of time to brace for impact. Credit in China is down 6% year over year. As Credit Suisse analyst Cameron McKnight reports, “Weak credit data is likely to exacerbate … Continue reading →

Posted in Dining, Economy, Galaxy Entertainment, Las Vegas Sands, Macau, Melco Resorts & Entertainment, MGM Resorts International, Sociedade de Jogos de Macau, Tourism, Transportation | Comments Off

SJM: Aren’t we special?

Posted on December 11, 2018 by David McKee

Sociedade de Jogos de Macau must think it’s pretty special. While its straggling Grand Lisboa Palace will stock some table games via the ‘cap-and-trade’ formula used by other operators, it has loftily informed the press that it expects the Macao … Continue reading →

Posted in Economy, Galaxy Entertainment, Las Vegas Sands, Macau, Melco Resorts & Entertainment, MGM Resorts International, Movies, Regulation, Sheldon Adelson, Singapore, Sociedade de Jogos de Macau, Tourism, Wynn Resorts | Comments Off

Vegas ranks high for New Year’s Eve; MGM Springfield initiates bus service

Posted on December 10, 2018 by David McKee

WalletHub is out with a New Year’s Eve survey that ranks Las Vegas as the fifth-best city in which to celebrate the holiday, New York City (of course) led the list, followed by Los Angeles, Atlanta (see, we need casinos … Continue reading →

Posted in Atlantic City, California, Connecticut, Foxwoods, Georgia, Japan, Lawrence Ho, Marketing, Massachusetts, Melco Resorts & Entertainment, MGM Resorts International, Mohegan Sun, New Hampshire, New York, Philippines, Problem gambling, Reno, Sports, The Strip, Transportation, Tribal | Comments Off

Z covets Full House; Caesars: Fertitta out, MGM in?

Posted on October 29, 2018 by David McKee

Having recently subsumed Affinity Gaming, the eyes of Z Capital Partners have turned toward Full House Resorts. However, Z’s opening bid is so low that it looks like a typo: $1.79/share. That’s $132.5 million for five casinos. CEO Dan Lee … Continue reading →

Posted in Affinity Gaming, Caesars Entertainment, Current, Dan Lee, Full House Resorts, G2E, International, Law enforcement, Marketing, Melco Resorts & Entertainment, MGM Resorts International, Philippines, Sheldon Adelson, Sports, Tilman Fertitta, Wall Street | Comments Off

Illinois stumbles; Kimmel returns to Vegas roots

Posted on October 5, 2018 by David McKee

It would take more than an extra weekend day to account for a 7% slippage in Illinois gaming revenues, which were positive year/year in 2017. Nobody had a revenue-positive month, not even Rivers Casino, down 5% despite a state-leading $34 … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, Delaware, Economy, Eldorado Resorts, Entertainment, Galaxy Entertainment, GLPI, Greenwood Racing, International, Internet gambling, Macau, Melco Resorts & Entertainment, Movies, Penn National, Pennsylvania, Rush Street Gaming, Sheldon Adelson, The Strip, Tourism, Tribal, TV, Wall Street, Wynn Resorts | Comments Off

Follow that puck!; Connecticut casino nixed

Posted on October 2, 2018 by David McKee

$216 million. That’s how much sports betting will be worth to the NHL, according to the American Gaming Association‘s Sara Slane. The new revenue will be achieved “as a result of spending from betting operators on advertising, data and sponsorship … Continue reading →

Posted in AGA, Economy, Foxwoods, Full House Resorts, Greenwood Racing, Indiana, International, Internet gambling, Kentucky, Macau, Massachusetts, Melco Resorts & Entertainment, MGM Resorts International, Oregon, Pennsylvania, Regulation, Reno, Rush Street Gaming, Sports, Sports betting, Transportation | Comments Off

Atlantic City: Recovery is real

Posted on September 25, 2018 by David McKee

This week The Press of Atlantic City reported that “the number of visitors to the resort increased by more than 260,000, the casino industry employed nearly 6,700 more people and gaming revenue was up by $54.8 million.” Sounds good to … Continue reading →

Posted in Atlantic City, Bruce Deifik, Dining, Economy, Environment, Hard Rock International, Macau, Melco Resorts & Entertainment, Sociedade de Jogos de Macau | 1 Comment

Suicide squeeze in Macao; Is Atlantic City ready for some football?

Posted on September 12, 2018 by David McKee

Most of Macao‘s casinos are playing a game of chicken with the local government, daring it to enforce its smoking ban. Only 12 of 47 casinos have installed smoking lounges. Personally, I wouldn’t want to get on the wrong side … Continue reading →

Posted in Caesars Entertainment, Environment, Hard Rock International, Harrah's, International, Internet gambling, Kentucky, Macau, Melco Resorts & Entertainment, New Jersey, Oklahoma, Politics, Problem gambling, Regulation, Sociedade de Jogos de Macau, Sports, Sports betting, Texas, Tribal, Virginia | 1 Comment

Titanic exhibit in peril; It’s Greek to them

Posted on September 4, 2018 by David McKee

Luxor‘s display of Titanic relics has hit an iceberg in the form of a bankruptcy court auction against owner Premier Exhibitions. It’s likely the collection will be kept intact, not dispersed to the four winds, although the latter might be … Continue reading →

Posted in Australia, Caesars Entertainment, Downtown, Hard Rock International, history, International, Las Vegas Sands, Marijuana, Melco Resorts & Entertainment, MGM Resorts International, Mohegan Sun, Movies, Penn National, Regulation, Sports betting, Taxes, The Strip, TV, Wall Street, West Virginia | Comments Off

Japan fever; A Rose by any other computer program

Posted on August 22, 2018 by David McKee

“I want to properly nurture the tourism industry in Osaka as one of its pillars,” says Gov. Ichiro Matsui of the prefecture. To that end, Yumeshima island has been set aside for a prospective casino resort. And Las Vegas and Macao … Continue reading →

Posted in Caesars Entertainment, Cosmopolitan, Entertainment, Galaxy Entertainment, Genting, Japan, Las Vegas Sands, Melco Resorts & Entertainment, MGM Resorts International, Regulation, Technology, The Strip | Comments Off

Casino revenues surge (almost) everywhere

Posted on August 8, 2018 by David McKee

Maryland casino business continues to boom, up 5.5% last month. MGM National Harbor led the pack with $58 million. It will, however, be a source of dismay to ownership that play continues to trend toward highly taxed (60%) slots and … Continue reading →

Posted in Caesars Entertainment, Churchill Downs, Cordish Co., Dan Gilbert, Eldorado Resorts, Galaxy Entertainment, Golden Gaming, Las Vegas Sands, Lawrence Ho, Macau, Maryland, Melco Resorts & Entertainment, MGM Resorts International, Ohio, Penn National, Pinnacle Entertainment, Racinos, Sheldon Adelson, Sociedade de Jogos de Macau, Taxes, West Virginia, Wynn Resorts | Comments Off

Murren steps in it (again); More casinos join sports-betting arms race

Posted on August 1, 2018 by David McKee

MGM Resorts International has decided that it made a faux pas … not by suing victims of the Mandalay Bay Massacre but by not explaining to employees what it was doing, leaving them open, says CEO Jim Murren, to “media … Continue reading →

Posted in Atlantic City, Caesars Entertainment, e-sports, International, Lawrence Ho, Macau, Mandalay Bay Massacre, Marketing, Melco Resorts & Entertainment, MGM Resorts International, Sports betting | Comments Off

East Windsor, Take Two; MGM, Sands eat Ho’s lunch

Posted on June 15, 2018 by David McKee

“From the start, we pledged to create a world class facility that will be a draw for people throughout the entire region,” said Mashantucket Tribal Chairman Rodney Butler of the tribe’s satellite casino in East Windsor. Nice try, Mr. Chairman, … Continue reading →

Posted in Architecture, Foxwoods, Lawrence Ho, Macau, Massachusetts, Melco Resorts & Entertainment, MGM Mirage, Mississippi, Mohegan Sun, Problem gambling, Regulation, Sheldon Adelson, Tourism, Transportation, Tribal, TV | Comments Off

Shutout in Japan?

Posted on June 12, 2018 by David McKee

With pachinko already representing a $30 billion industry, casino operators are right to think Japan is ripe for their product. But Forbes‘ Muhammad Cohen thinks Macao casino owners (well, technically you can’t “own” a casino in Macao, but we digress … Continue reading →

Posted in Galaxy Entertainment, Louisiana, Macau, Melco Resorts & Entertainment, Philippines, Politics, South Korea | Comments Off

Midwest torpor; Freeman says goodbye

Posted on June 11, 2018 by David McKee

A wave of prosperity among Midwest casinos has hit the wall, at least for the near term. Indiana and Missouri joined Illinois, Ohio and Iowa in reporting flat year/year gaming revenues for May. In Indiana, gamblers were losing 15.5% more … Continue reading →

Posted in Ameristar, Boyd Gaming, Brazil, Centaur Gaming, Eldorado Resorts, Full House Resorts, Geoff Freeman, Harrah's, Illinois, Indiana, Internet gambling, Iowa, Isle of Capri, Law enforcement, Macau, Majestic Star, Melco Resorts & Entertainment, Missouri, Ohio, Penn National, Pinnacle Entertainment, Sheldon Adelson, Tribal, Tropicana Entertainment | Comments Off

Delaware bests New Jersey; New partner for Ho?

Posted on May 23, 2018 by David McKee

Chris Christie may have to eat his words about New Jersey being the first state to capitalize on the Supreme Court‘s sports-betting ruling. According to NJ Advance Media, “Delaware officials said this week they believe they have the laws and infrastructure … Continue reading →

Posted in Atlantic City, Bruce Deifik, Delaware, Entertainment, Hard Rock International, Lawrence Ho, Macau, Massachusetts, Melco Resorts & Entertainment, MGM Mirage, Philippines, Racinos, Regulation, Sports | Comments Off

Let them skate; Sheldon’s new brainstorm

Posted on May 22, 2018 by David McKee

Nevada State Treasurer Dan Schwartz, the man who would be governor, is a refreshingly impolitic and heterodoxical candidate. He’s made a frequent campaign point that the Silver State has the worst schools in the nation and needs to re-orient its … Continue reading →

Posted in Architecture, e-sports, Election, Macau, Marketing, Melco Resorts & Entertainment, Politics, Sheldon Adelson, Sociedade de Jogos de Macau, Sports, Taxes, The Strip, Wynn Resorts | Comments Off

“Ready to roll”

Posted on May 18, 2018 by David McKee

That’s what the leading gaming powers in California are now that the Supreme Court has scotched the Bradley Act. If National Indian Gaming Association Chairman Ernest Stevens is correct, Internet gaming is so yesterday in the Golden State and sports … Continue reading →

Posted in California, DFS, Election, International, Japan, Lawrence Ho, Macau, Melco Resorts & Entertainment, Politics, Sociedade de Jogos de Macau, Sports, Taxes, Technology, Tribal, Wynn Resorts | Comments Off

Las Vegas numbers perplex; Macao shatters expectations

Posted on May 4, 2018 by David McKee

While Las Vegas, as mentioned earlier, is slogging through a 10-month visitation slump, you wouldn’t know it from March’s gaming-revenue numbers, which were 9% higher on the Las Vegas Strip ($574 million), although locals casinos took a 5% hit. Deutsche … Continue reading →

Posted in Atlantic City, Boulder Strip, Boyd Gaming, California, Colorado, Delaware, Downtown, Economy, Eldorado Resorts, Entertainment, Florida, Galaxy Entertainment, Harrah's, Illinois, Lake Tahoe, Laughlin, Macau, Melco Resorts & Entertainment, Mesquite, MGM Mirage, Mississippi, Nevada, New York, North Las Vegas, Ohio, Penn National, Reno, Rhode Island, Sheldon Adelson, Sociedade de Jogos de Macau, The Strip, Wall Street, West Virginia, Wisconsin, Wynn Resorts | 1 Comment