Category Archives: MGM Mirage

Steve Wynn makes new friends; Freeman gets raked

Posted on March 9, 2016 by David McKee

Steve Wynn has found an unlikely ally in his fight against Somerville Mayor Joseph Curtatone: the Massachusetts environmental community. Activists joined politicians and developers at a media event headlined by Wynn Everett President Robert DeSalvio. Among the activities that have … Continue reading →

Posted in Environment, Foxwoods, Geoff Freeman, Internet gambling, Massachusetts, MGM Mirage, Mohegan Sun, Sheldon Adelson, Steve Wynn, Tribal | Comments Off

Nevada casinos wrangle with Buffett; Mashpee Wampanoag take the lead

Posted on March 8, 2016 by David McKee

We’ve written about the solar-panel installation atop Mandalay Bay‘s convention center and now the 20-acre array — soon to be the United States‘ largest — is making international headlines. The high priority on solar power at MGM Resorts International puts a … Continue reading →

Posted in Environment, Harrah's, Massachusetts, MGM Mirage, Mohegan Sun, Regulation, Sheldon Adelson, South Korea, Steve Wynn, Technology, The Strip, Tribal, Wall Street | Comments Off

Illinois casinos stave off competition; Palms potentially for sale

Posted on March 7, 2016 by David McKee

Despite being increasingly besieged by slot routes, Illinois casinos had a good February, up 5%. Foot traffic was 3% higher and customer spending rose 2%. Two operators had revenue-negative months, with MGM Resorts International off 1% at Grand Victoria Elgin, while … Continue reading →

Posted in Boyd Gaming, Carl Icahn, Entertainment, Fontainebleau, George Maloof, GLPI, Harrah's, Illinois, Macau, MGM Mirage, Neil Bluhm, Penn National, Slot routes, Steve Wynn, The Strip, Wall Street | 2 Comments

DFS’ stormy seas; Glimmer of hope for Macao

Posted on March 4, 2016 by David McKee

By charging blindly into uncharted waters, the daily fantasy sports industry has made a shipload of trouble for itself. Case in point, defunct (or at least comatose) DFS site FantasyUp. The latter pulled the rug out from under its customers, … Continue reading →

Posted in California, Environment, Harry Reid, Internet gambling, Macau, Melco Crown Entertainment, MGM Mirage, Politics, Regulation, Sheldon Adelson, Steve Wynn, Transportation, Wall Street | Comments Off

Study: Triads rampant in Macao casinos

Posted on March 3, 2016 by David McKee

Wow, what a shocker — not. A new study by T. Wing Lo and Sharon Ingrid Kwok of the City University of Hong Kong for the British Journal of Criminology reports that casino operators look for junket partners who have ‘dor’ or … Continue reading →

Posted in Election, Law enforcement, Macau, Marketing, Massachusetts, MGM Mirage, Neil Bluhm, Regulation, Rhode Island, Stanley Ho, Steve Wynn, The Mob, Tribal | Comments Off

Quote of the Day

Posted on March 2, 2016 by David McKee

“I’m supportive of both those ventures, but I’m absolutely opposed [to] … any attempt to rob the Las Vegas Convention Center of its desperately needed cash to build anything — whether it’s a stadium, or a launching pad to the … Continue reading →

Posted in LVCVA, MGM Mirage, Taxes, The Strip | Comments Off

Crystals sold; Struggles in California

Posted on March 2, 2016 by David McKee

This morning, Real Estate Alert published a story saying that MGM Resorts International and Dubai World had liquidated Crystals, the high-end retail mall at CityCenter, to Simon Property Partnership. The transaction was valued at $1.1 billion and change, which means … Continue reading →

Posted in Australia, California, CityCenter, Dubai, Horseracing, Internet gambling, MGM Mirage, Regulation, Technology, The Strip, Tribal, Wall Street | Comments Off

Painful progress for Seminole compact; Casinos dead in Georgia

Posted on March 1, 2016 by David McKee

It will be back to the negotiating table for Florida Gov. Rick Scott (R), if a state House of Representatives version of the compact with Seminole Tribe is accepted in the state Senate. The compromise version of the compact adds slots … Continue reading →

Posted in Florida, Georgia, GLPI, Horseracing, Maryland, Massachusetts, MGM Mirage, Penn National, Pinnacle Entertainment, Politics, Racinos, Regulation, Rhode Island, Seminole Tribe, Sheldon Adelson, Tourism, Unite-Here | 2 Comments

High art comes to MGM National Harbor

Posted on February 26, 2016 by David McKee

Posted in Entertainment, Maryland, MGM Mirage | Comments Off

Big change for Tropicana; MGM wins in Springfield

Posted on February 24, 2016 by David McKee

Tri-State News, Weather Indiana will have a second land-based casino (three, if Majestic Star gets its way) after the Indiana Gaming Commission looked with favor on the pleas of Tropicana Entertainment and the Evansville city fathers. “That money allows us to buy … Continue reading →

Posted in Architecture, Atlantic City, Boyd Gaming, Culinary Union, Don Barden, Economy, Indiana, Majestic Star, Massachusetts, MGM Mirage, Mississippi, Regulation, Station Casinos, Steve Wynn, The Strip, Tilman Fertitta, Tropicana Entertainment, Unite-Here | Comments Off

Gaming companies seek to hide financial results; Murren bullish on MGM

Posted on February 22, 2016 by David McKee

When the gaming industry speaks, Frank Schreck‘s lips move. His latest move is to propose a removal of the transparency that applies to casinos owned by investment banks and funds, such as the Hard Rock Hotel & Casino and SLS … Continue reading →

Posted in CityCenter, Economy, Florida, Hard Rock Hotel, Internet gambling, MGM Mirage, Regulation, SLS Las Vegas, The Strip | Comments Off

Banner week for Wynn, Station; Life after Macao for MGM

Posted on February 19, 2016 by David McKee

Station Casinos closed out the year on a strong note, posting its 11th straight quarter of net revenue growth and 19th of improved cash flow. It marked blue-ribbon finish to a year that saw the highest revenues for the company … Continue reading →

Posted in CityCenter, Detroit, Harrah's, Macau, MGM Mirage, Mississippi, Station Casinos, Steve Wynn, The Strip, Tourism, Transportation, Wall Street | 3 Comments

If at first you don’t succeed …

Posted on February 18, 2016 by David McKee

… try, try, try, try, try again. That’s the New Hampshire Lege, making its umpteenth attempt to legalize casino gambling. State Sen. Lou D’Allesandro (D) has crafted a bill that would bring VLTs and table games to Salem. The bill … Continue reading →

Posted in Alabama, California, Georgia, Harrah's, Horseracing, International, MGM Mirage, New Hampshire, Penn National, Politics, Sheldon Adelson, Tribal | Comments Off

New Jersey resumes sports-betting push; Sheldon Adelson gets his man

Posted on February 18, 2016 by David McKee

New Jersey is hoping the third time is the charm in its attempt to get sports betting OK’d by the Third Circuit Court of Appeals. With four major sporting leagues and the NCAA aligned against it, New Jersey’s is a … Continue reading →

Posted in ABBA, Atlantic City, Donald Trump, Election, Entertainment, International, Internet gambling, Macau, MGM Mirage, Pansy Ho, Politics, Regulation, Sheldon Adelson, Sports, The Strip | Comments Off

110 in the shade

Posted on February 16, 2016 by David McKee

Who needs trees in MGM Resorts International‘s The Park when you can have 75-foot-tall “shade structures,” which will look particularly spectacular after dark? It’s another only-in-Vegas innovation and you have to give MGM kudos for thinking outside of the forest … Continue reading →

Posted in Architecture, Environment, MGM Mirage, The Strip | Comments Off

Cruel blow to Atlantic City; Sex in the Vegas sky

Posted on February 15, 2016 by David McKee

Winter storm Jonas, which put paid to the Jan. 22-24 weekend, dealt a heavy blow to Atlantic City gaming revenues, which had finally appeared to have stabilized. The market was down 6% and Borgata ($52 million) suffered an uncharacteristic 9% … Continue reading →

Posted in Atlantic City, Boyd Gaming, Environment, Harrah's, MGM Mirage, Mohegan Sun, The Strip, Tilman Fertitta, Tropicana Entertainment, Trump Entertainment Resorts | Comments Off

It’s a new day at the Cosmo; Atlantic City’s fate in Borgata’s hands

Posted on February 8, 2016 by David McKee

“The bottom line is you have a casino. Instead of downplaying that, let’s celebrate it.” That’s Cosmopolitan of Las Vegas CEO Bill McBeath outlining the besetting sin of his predecessors, ignoring the central role of gambling as the Cosmo’s revenue … Continue reading →

Posted in Atlantic City, Boyd Gaming, Cosmopolitan, Entertainment, Illinois, Marketing, MGM Mirage, Regulation, Slot routes, Taxes, The Strip, Wall Street | Comments Off

Illinois beats the odds; MGM goes au naturel

Posted on February 8, 2016 by David McKee

Well, here’s a novel piece of news out of Illinois, where it always seems that gloom and doom hold sway. Gaming revenues were up 2% last month. That’s even more impressive when you consider that it’s being measured against a … Continue reading →

Posted in Boyd Gaming, Culinary Union, Entertainment, Environment, GLPI, Harrah's, Illinois, MGM Mirage, Neil Bluhm, Nevada, Penn National, Technology, The Strip, Transportation, Wall Street | Comments Off

MGM’s brass balls; Seminoles dream big

Posted on February 3, 2016 by David McKee

Las Vegans are still in an uproar over MGM Resorts International‘s new pay-for-parking policy. And yet MGM had the gall to issue a press release calling the added fees part of a “strategy to provide significant improvements.” Yes, because paying more … Continue reading →

Posted in Architecture, Florida, MGM Mirage, Seminole Tribe, The Strip, Transportation, Tribal | Comments Off

Case Bets

Posted on February 2, 2016 by David McKee

Sheldon Adelson once called it “a mistake” but Sands Bethlehem is proving to be a bright spot on the Las Vegas Sands balance sheet. Last year, its profitability rose 9%, adding $108 million to Adelson’s coffers. As the CEO would … Continue reading →

Posted in Election, Macau, Maine, Maryland, MGM Mirage, Pennsylvania, Sheldon Adelson, Tribal | Comments Off