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Category Archives: MGM Mirage
All things …
… come to and end, good, bad or indifferent. I do not speak ill of MGM Resorts International‘s marquee for New York-New York, but 16 years was deemed enough, as MGM reconceptualizes NY-NY’s Strip frontage. Young Electric Sign Co. will … Continue reading
Posted in Architecture, Current, history, MGM Mirage, The Strip
1 Comment
A Murren moment
“I don’t think people are going to stay home in their bunny slippers and play video instead of coming to Bellagio.” You have to like Jim Murren‘s refreshing lack of pretension. I’m taking a wait-and-see attitude on the project onrush … Continue reading
Posted in Economy, Internet gambling, Japan, Macau, MGM Mirage, Singapore, The Strip, Tourism
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Not your father’s AGA; Harmon’s end
American Gaming Association President Geoff Freeman continues to show that change is the new order of the day. This morning brings news of five new lobbyists, most of them new to the gaming industry, presaging a big push on a … Continue reading
Posted in Massachusetts, MGM Mirage, Politics, The Strip, Tribal
Comments Off on Not your father’s AGA; Harmon’s end
Macao rules
Today’s big story is pretty obvious: The 19% year-over-year revenue growth of Macao, which posted $45 billion in gross gaming dollars. (2012’s increase was similarly dramatic.) Analysts offer a somewhat cloudy picture for next year. No, there will be no … Continue reading
Posted in Economy, Macau, Melco Crown Entertainment, MGM Mirage, Sheldon Adelson, Steve Wynn, Wall Street
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Test time in Massachusetts; Penn, PokerStars fight over scraps
Move over, Tolstoy: MGM Resorts International has submitted its formal application for a Massachusetts casino … and it’s 7,000 pages long. The Massachusetts Gaming Commission had better clear its calendar. But that’s nothing compared to 16,034-page Mohegan Tribal Gaming Authority … Continue reading
Posted in Atlantic City, CityCenter, Colony Capital, Hard Rock International, Harrah's, Massachusetts, MGM Mirage, Mohegan Sun, Penn National, Regulation, Steve Wynn, Tropicana Entertainment
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Nevada finishing year strong; Christie’s choler
With a little help from one extra weekend day, Nevada gross gaming revenues shot upward 12% statewide in November and 23% on the Strip. Baccarat players lost their shirts, with the house winning 94% more than the previous year. Less … Continue reading
Britney: It sucks, bitch
A ways back, when Gary Loveman was all Q-crazy, I pointed out that the letter ‘X’ also carries a high Scrabble value. Little did I suspect that the Aladdin Theater for the Performing Arts would become “the AXIS.” Programming will … Continue reading
Posted in Architecture, Cosmopolitan, Entertainment, Harrah's, MGM Mirage, The Strip
1 Comment
Optimism in Boston; Sands is #1
What are the chances that Suffolk Downs could become the most profitable casino in the Western Hemisphere? Not good, you’d think, but Mohegan Tribal Gaming Authority is willing to bet on it. If annual revenue reaches $1 billion, then Revere … Continue reading
Posted in Bally Technologies, Churchill Hill, Massachusetts, MGM Mirage, Mohegan Sun, New York, Reno, Sheldon Adelson, Steve Wynn, Taxes, Wall Street
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And it’s … MGM again
Add Massachusetts to the roster of states where MGM Resorts International has been approved to operate. It received the unanimous assent of the Massachusetts Gaming Commission earlier today. “The Commission … finds that the Applicant has satisfied its burden of … Continue reading
Posted in Current, Election, Greenwood Racing, Maryland, Massachusetts, MGM Mirage, Penn National, Regulation, Steve Wynn, Uncategorized
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Quote of the Day
“This can be the most commercially successful resort outside of Las Vegas, from a profit standpoint.” — MGM Resorts International CEO James Murren, on the company’s winning bid at National Harbor, on the doorstep of Washington, D.C.
Posted in Economy, Maryland, MGM Mirage
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Revel to be sold?; Ryan weighs in on Menominee
Color me stupid but I figured that, with a new marketing team in place, to say nothing of a new CEO, Revel Resort was going to stay its new course awhile. Turns out the property was dickering with prospective buyers … Continue reading
Posted in Atlantic City, Current, Hard Rock International, Maryland, MGM Mirage, New York, Politics, Racinos, Revel, Tribal, Wisconsin
2 Comments
And it’s … MGM
This news is so hot off the wires Howard Stutz has only had time to tweet it but Prince George’s County has chosen MGM Resorts International for its new casino license. Pleas by Greenwood Racing for an extension had been … Continue reading
Posted in Current, Greenwood Racing, Maryland, Massachusetts, MGM Mirage, Penn National, Regulation
2 Comments
Poster cuts his losses; Showdown in Lansing
Gaming executive Tim Poster has bounced hither and yon, and now he’s asking to be bounced to the outer fringes of the casino industry. His attorneys will not be challenging the Nevada Gaming Control Board‘s finding of unsuitability and will … Continue reading
Posted in Charity, Internet gambling, Maryland, MGM Mirage, Mohegan Sun, Regulation, Station Casinos, Steve Wynn, Tribal
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Genting, Steve Wynn & so much more
Genting Group has narrowed its price target for finishing Resorts World Vegas. It will spend between $3 billion and $4 billion to complete the project (for which it has already paid $350 million for land). For a post-recession Vegas that’s … Continue reading
Bad news for Adelson; Wynn OK’d
I don’t know if Sheldon Adelson deserves the credit, but it looks like his anti-Internet-casino jihad has driven Big Gaming closer together. Wynn Resorts and Station Casinos and Churchill Downs have all joined the American Gaming Association. AGA prexy Geoff … Continue reading
Posted in Atlantic City, Colony Capital, Geoff Freeman, International, Internet gambling, Massachusetts, MGM Mirage, Regulation, Sheldon Adelson, Station Casinos, Steve Wynn
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The case against Crosby
As expected, the Massachusetts Gaming Commission fired off a broadside against Caesars Entertainment. It defended its Investigations & Enforcement Bureau as “comprised of seasoned investigators, [who act] independently to protect the public interest.” That’s partly a defense of the IEB … Continue reading
Posted in Election, Florida, Foxwoods, Harrah's, Massachusetts, MGM Mirage, Regulation, Steve Wynn, Tribal
1 Comment
Hasta la vista, EuroVegas
His demands having been rejected by the Spanish government, Sheldon Adelson has renounced EuroVegas, his $30 billion grand folly of 12 hotels, six casinos and 18,000 slots in Spain. Considering his hard-nosed stance that the company only concentrate on projects … Continue reading
Posted in Greenwood Racing, International, Japan, Maryland, Melco Crown Entertainment, MGM Mirage, Penn National, Sheldon Adelson, Wall Street
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Sioux City mess
Hard Rock International and Sioux City Entertainment find themselves in a pickle not of their own making in Iowa. Due to a rupture between Penn National Gaming and nonprofit Missouri River Historical Development, holder of the casino license, Penn found itself … Continue reading
Posted in Detroit, Hard Rock International, Harrah's, Iowa, MGM Mirage, Ohio, Penn National, Racinos, Regulation, Technology, Tribal
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Ohio: Half-full or half-empty?; MGM lauded
Whether Ohio‘s casinos are succeeding or disappointing depends on how the question is framed. Are they delivering what the state (and casino companies) promised or are they financial slackers? Penn National Gaming‘s Hollywood Casino Columbus is somewhat of both, down … Continue reading
Posted in Economy, Harrah's, MGM Mirage, MTR Gaming, Ohio, Penn National, Racinos, Taxes
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MGM: Crossing fingers and hoping; Bloodbath in Indiana
After several ups and downs, MGM Resorts International finds itself justthisclose to a casino in Springfield, Massachusetts. The state’s equivalent of the Nevada Gaming Control Board urged a finding of suitability. Whether the circumspect Massachusetts Gaming Commission agrees hangs upon … Continue reading
Posted in Affinity Gaming, Atlantic City, Harrah's, Macau, Massachusetts, MGM Mirage, Ohio, Pansy Ho, Penn National, Pinnacle Entertainment, Racinos, Regulation, Technology
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