Category Archives: Mississippi

Big Gaming meets the Street

Posted on September 26, 2016 by David McKee

Deutsche Bank analyst Carlo Santarelli has been in town and conducting a busy schedule of meetings. Pride of place must go to Wynn Resorts, which declared the opening of Wynn Palace “very clean,” with “solid” VIP business. Hotel occupancy is … Continue reading →

Posted in Atlantic City, Boulder Strip, Boyd Gaming, California, Cannery Casino Resorts, Culinary Union, Economy, Glenn Straub, GLPI, Illinois, Louisiana, Macau, Marketing, Massachusetts, MGM Mirage, Mississippi, Missouri, North Las Vegas, Pinnacle Entertainment, Reno, Revel, Sheldon Adelson, Slot routes, Station Casinos, Steve Wynn, The Strip, Tribal, Wall Street | Comments Off

Round One to Adelson; Berman honored; Atlantic City winning in polls

Posted on September 21, 2016 by David McKee

Sands China has been getting mad props for its handling of the Parisian rollout last week. Compared to Wynn Palace‘s “passive” approach to the market (and despite a hailstorm of upbeat verbiage from Steve Wynn), analyst Christopher Jones wrote, “The awareness … Continue reading →

Posted in Atlantic City, Carl Icahn, Election, Harrah's, history, International, Lyle Berman, Macau, Marketing, Melco Crown Entertainment, Mississippi, Nevada, Regulation, Sheldon Adelson, Steve Wynn, The Strip, Transportation, Wall Street, World Series of Poker | 1 Comment

Caesars dips toe in skill-based slots; MGM National Harbor snares Dylan

Posted on September 12, 2016 by David McKee

Caesars Entertainment is going on the road, as it were, to test-drive its first foray into skill-based slots. It’s going to install six Gamblit Gaming slot carousels at Harrah’s Rincon, with 36 slated for Las Vegas deployment next year. The … Continue reading →

Posted in California, Colorado, Cordish Co., Downtown, Environment, Golden Gaming, Harrah's, Hooters, IGT, Internet gambling, Kansas, Maine, Marketing, Maryland, MGM Mirage, Minnesota, Mississippi, Nebraska, Oklahoma, Penn National, Pennsylvania, Racinos, Scientific Games, Sheldon Adelson, South Dakota, Sports, Technology, The Strip, Tribal, TV, West Virginia, Westgate LV, Wisconsin | 2 Comments

Wynn subtracting one golf course, adding another?; Resorts World Las Vegas postponed again

Posted on August 30, 2016 by David McKee

Although Steve Wynn remains bent upon tearing out Wynn Golf Club on the Strip — in favor of Wynn Paradise Park one day, an NFL stadium the next — he may be planning one for Wynn Boston Harbor. At least … Continue reading →

Posted in Atlantic City, Economy, Election, Entertainment, Genting, Lucky Dragon, Macau, Massachusetts, Mississippi, New York, SLS Las Vegas, Steve Wynn, The Strip | 2 Comments

Packer in a pickle?; Adelson speaks, R-J listens; Big casino sale in Philippines

Posted on August 29, 2016 by David McKee

We haven’t been able to confirm for certain whether or not James Packer‘s latest attempt to conquer Las Vegas, the casino-resort Alon, is definitely kaput. It definitely hasn’t evolved beyond some exquisitely vague, bare-bones documents filed with Clark County. However, we … Continue reading →

Posted in Australia, Environment, International, Internet gambling, Iowa, James Packer, MGM Mirage, Mississippi, Philippines, Problem gambling, Regulation, Sheldon Adelson, Sports, Taxes, The Strip, Tilman Fertitta, Tribal | Comments Off

Wynn receives vote of confidence; Rivers Casino gets a ‘best’

Posted on August 19, 2016 by David McKee

Account holders and investors in Dore Entertainment are evidently out of patience waiting to be reimbursed for the reported theft of $43 million from the VIP room operator. Instead, they’re suing Wynn Macau, saying “as a gaming concessionaire, [it] should … Continue reading →

Posted in Macau, Melco Crown Entertainment, Mississippi, Neil Bluhm, Pennsylvania, Sheldon Adelson, Steve Wynn, Wall Street | Comments Off

Wynn Boston Harbor breaks ground; MGM modestly beats expectations

Posted on August 4, 2016 by David McKee

Somerville Mayor Joseph Curtatone has apparently thrown in the towel in his opposition to Wynn Boston Harbor, with the consequence that construction will have begun by this time tomorrow. The $2.1 billion project’s endurance is a tribute to Bostonian Steve Wynn‘s … Continue reading →

Posted in California, Environment, Geoff Freeman, Macau, Massachusetts, MGM Mirage, Mississippi, Mohegan Sun, Penn National, South Korea, Sports, Steve Wynn, Technology, The Strip, Transportation, Wall Street | Comments Off

Trump Taj: Everybody loses; Mixed bag for Boyd

Posted on August 4, 2016 by David McKee

Labor Day weekend will be the final hurrah for Trump Taj Mahal. Owner Carl Icahn has expressed his intent to close the struggling casino rather than continue to negotiate with striking Unite-Here Local 54. ““I would never have thought Carl … Continue reading →

Posted in Atlantic City, Boyd Gaming, Carl Icahn, Churchill Downs, Donald Trump, Downtown, Economy, Hawaii, Illinois, Kansas, Louisiana, Maryland, Mississippi, Tropicana Entertainment, Unite-Here | Comments Off

Mashpee casino blocked; Wynn: Doing more with less

Posted on August 1, 2016 by David McKee

Carcieri v. Salazar and the Indian Reorganization Act have come back to bite the Mashpee Wampanoag tribe in the hindquarters. U.S. District Judge William G. Young has ruled against a Taunton casino project, siding with the contention of a group … Continue reading →

Posted in Boyd Gaming, Charity, Eldorado Resorts, Foxwoods, Genting, Harrah's, history, International, Internet gambling, Isle of Capri, Macau, Massachusetts, MGM Mirage, Mississippi, Neil Bluhm, Pennsylvania, Regulation, Steve Wynn, Taxes, Tilman Fertitta, Tribal | Comments Off

Tribal gaming reaches new high; New concept for Railroad Pass

Posted on July 21, 2016 by David McKee

Last year was the best ever for tribal casinos, up 5% from 2014, coming in just a bit shy of $30 billion. Recent efforts to align tribal and private-sector casino interests come at a time when the tribal sector could … Continue reading →

Posted in Architecture, Dubai, Economy, Election, Indiana, Kazuo Okada, Macau, MGM Mirage, Mississippi, Nebraska, Philippines, Regulation, Transportation, Tribal, Tropicana Entertainment | Comments Off

Tipping point in Pennsylvania near; Cirque du NFL

Posted on June 23, 2016 by David McKee

“I think gaming expansion money in one form or another is necessary for this budget process to be complete,” spoke Pennsylvania House Majority Leader Dave Reed (R). With Gov. Tom Wolf (D, right) having given way on sales-tax and income-tax … Continue reading →

Posted in Cirque du Soleil, Economy, International, Internet gambling, Lawrence Ho, Macau, Marketing, Melco Crown Entertainment, MGM Mirage, Mississippi, Pennsylvania, Politics, Sheldon Adelson, Slot routes, Sports, Station Casinos, Steve Wynn, Taxes, The Strip, Wall Street | Comments Off

Atlantic City goes to pot; MGM, Boyd, Pinnacle, Red Rock Resorts meet The Street

Posted on June 17, 2016 by David McKee

We’ve come a long way from the days of Reefer Madness. Latest case in point: Atlantic City, where Assemblyman Reed Gusciora (D) is pushing recreational “tea” as a cure to the city’s penurious condition. Weed would be legalized on the Boardwalk and … Continue reading →

Posted in Atlantic City, Boulder Strip, Boyd Gaming, Cannery Casino Resorts, CityCenter, Economy, Georgia, Glenn Straub, Harrah's, Illinois, Indiana, Internet gambling, Macau, Marketing, Maryland, MGM Mirage, Mississippi, Missouri, Palms, Pinnacle Entertainment, Politics, Reno, Scientific Games, Station Casinos, The Strip, Wall Street | Comments Off

Indiana market battered; Foxwoods branches out

Posted on June 8, 2016 by David McKee

One less weekend of business hit Indiana casinos fairly hard last month. The state’s industry was down 7%, to $186 million. Patrons were spending more — a heartening metric — but foot traffic was off nearly 12%. However, even less … Continue reading →

Posted in Ameristar, Boyd Gaming, Full House Resorts, Georgia, GLPI, Harrah's, Indiana, Majestic Star, Mississippi, Penn National, Pinnacle Entertainment, Racinos, Texas, Tribal, Tropicana Entertainment, Wall Street | 1 Comment

DFS stalls in Illinois; Mississippi casinos rebound

Posted on May 24, 2016 by David McKee

Things were looking up for the daily fantasy sports industry in Illinois, where enabling legislation passed the state Senate 32-22. However, a hold has been put on the bill, which may not make it to the House. Why? Although the legislation … Continue reading →

Posted in Arkansas, Delaware, G2E, Hard Rock International, Harrah's, Illinois, Internet gambling, Macau, Marketing, Mississippi, Nevada, PokerStars, Politics, Steve Wynn, Tribal | Comments Off

MGM wows Wall Street; Lucky Dragon clears major hurdle

Posted on May 6, 2016 by David McKee

Stock analysts were expecting MGM Resorts International to report 1Q16 cash flow of $590 million but the lion overshot projections, bringing in the sheaves to the tune of $618 million. JP Morgan analyst Joseph Greff credited much of the success … Continue reading →

Posted in Cirque du Soleil, CityCenter, Detroit, Entertainment, James Packer, Lucky Dragon, LVCVA, Macau, Melco Crown Entertainment, MGM Mirage, Mississippi, Sheldon Adelson, SLS Las Vegas, Steve Wynn, The Strip, Wall Street | Comments Off

Fertittas strike it rich(er); Boyd surprises analysts

Posted on April 27, 2016 by David McKee

Red Rock Resorts — aka Station Casinos — split the difference in Wall Street‘s expectations of this week’s IPO, debuting a $19.50 (Street estimates ranged from $18 to $21 a share). Unfortunately, unlike the MGM Growth Partners offering, the goal … Continue reading →

Posted in Atlantic City, Boulder Strip, Boyd Gaming, Cannery Casino Resorts, Hawaii, history, MGM Mirage, Mississippi, North Las Vegas, Reno, Sheldon Adelson, Sports, Station Casinos, The Strip, Tourism, Wall Street | Comments Off

Good year for Atlantic City; Sands slapped with fine

Posted on April 12, 2016 by David McKee

Free market forces did what governmental intervention and flashy marketing campaigns could not: They steadied Atlantic City‘s casino economy. With the dead weight of four casinos — Revel, Showboat, Atlantic Club and Trump Plaza — jettisoned, profits not only steadied, … Continue reading →

Posted in Atlantic City, Boyd Gaming, Carl Icahn, Dining, Economy, Environment, Harrah's, Internet gambling, Macau, Mississippi, Mohegan Sun, PokerStars, Regulation, Sheldon Adelson, Sports, Steve Wynn, Tilman Fertitta, Tropicana Entertainment, Trump Entertainment Resorts | Comments Off

That impersonal touch; Big day for MGM

Posted on March 18, 2016 by David McKee

What is almost completely missing from this commercial? Caesars Entertainment guests are lengthily shown drinking, dining, riding the High Roller (which could use the traffic) and — as a very brief afterthought — gambling. So the company’s definitely on the … Continue reading →

Posted in California, CityCenter, Detroit, Dubai, Genting, Harrah's, International, LVCVA, MGM Mirage, Mississippi, Penn National, Regulation, Riviera, Taxes, Technology, The Strip, Tourism, Tribal, Wall Street | 1 Comment

Wynn, Sands, Penn meet the Street

Posted on March 11, 2016 by David McKee

JP Morgan analyst Joseph Greff has had a busy week, meeting with most of the top companies in gaming. First up was Penn National Gaming, which had little new to report on the Tropicana Las Vegas other than it was … Continue reading →

Posted in Economy, GLPI, Illinois, M Resort, Macau, Marketing, Massachusetts, Mississippi, Penn National, Sheldon Adelson, Singapore, Slot routes, Steve Wynn, The Strip, Wall Street | Comments Off

Vietnam War logic in New Jersey; Tribal corruption in Florida

Posted on March 8, 2016 by David McKee

New Jersey will no longer have the distinction of possessing the second-lowest casino tax rate if Assemblyman Ralph Caputo (D, left) gets his way. He’s talking about imposing at least a 40% levy on proposed north New Jersey casinos, perhaps … Continue reading →

Posted in Atlantic City, Carl Icahn, Florida, Hard Rock International, Horseracing, International, Mississippi, New York, Politics, Regulation, Taxes, Tribal, Tropicana Entertainment | Comments Off