Category Archives: Mohegan Sun

Penn, Pinnacle nuptials in the offing; Connecticut sues Trump administration

Posted on December 1, 2017 by David McKee

To absolutely no one’s surprise, Pinnacle Entertainment and Penn National Gaming formally affirmed that they are in merger talks. Among the upsides, Deutsche Bank analyst Carlo Santarelli cites the alleviation of forced asset sale in Pennsylvania, where the number of … Continue reading →

Posted in Ameristar, Boyd Gaming, Foxwoods, Genting, IGT, Indiana, Louisiana, Mississippi, Missouri, Mohegan Sun, New York, Ohio, Penn National, Pennsylvania, Pinnacle Entertainment, Regulation, Scientific Games, Wall Street | 3 Comments

A sensible proposal

Posted on November 22, 2017 by David McKee

Under the right circumstances, driving down the Las Vegas Strip (preferably by night) can be a hedonistic experience. Too often, however, it is a bumper-to-bumper nightmare. Something needs to be done and Clark County Commissioner Chris Giunchigliani (D) has stepped … Continue reading →

Posted in Entertainment, Indiana, Internet gambling, Iowa, Louisiana, Mandalay Bay Massacre, MGM Mirage, Mohegan Sun, Movies, Pennsylvania, The Strip, Transportation, Tropicana Entertainment | 3 Comments

This just in …

Posted on November 21, 2017 by David McKee

Eldorado Resorts has pulled out of a planned sale of Isle of Capri Lake Charles to tribally owned Kicks Entertainment. At least one analyst, JP Morgan‘s Daniel Politzer, sees this as a good thing. For starters, Eldorado pockets Kicks’ $20 … Continue reading →

Posted in Boyd Gaming, Eldorado Resorts, Foxwoods, Harrah's, Isle of Capri, Louisiana, Mohegan Sun, Penn National, Pinnacle Entertainment, Politics, Regulation, Tribal, Wall Street | Comments Off

Stable in Atlantic City; Saturated in Pennsylvania

Posted on November 16, 2017 by David McKee

Casino business in Atlantic City was flat last month (not bad with one less weekend day), with the surviving casinos grossing $186 million. Internet revenue shot up 23.5% to $20.5 million. Slots were up 1% but tables, where wagering was down … Continue reading →

Posted in Atlantic City, Dan Gilbert, Detroit, Eldorado Resorts, Glenn Straub, Greenwood Racing, Harrah's, Internet gambling, Massachusetts, MGM Mirage, Mohegan Sun, Neil Bluhm, Penn National, Pennsylvania, Pinnacle Entertainment, PokerStars, Racinos, Sheldon Adelson, Tilman Fertitta, Tropicana Entertainment | Comments Off

Solons press for Connecticut clarity; Macao mulls casino renewal

Posted on November 15, 2017 by David McKee

Today’s news takes us straight back to Washington, D.C., where Sens. Chris Murphy (D) and Richard Blumenthal (D) are demanding that the Bureau of Indian Affairs get off the fence and clarify its stance regarding the $300 million East Windsor … Continue reading →

Posted in Donald Trump, Economy, Election, Entertainment, Foxwoods, Macau, MGM Mirage, Mississippi, Mohegan Sun, Penn National, Pennsylvania, Politics, Regulation, Sociedade de Jogos de Macau, Tourism, Transportation, Tribal | Comments Off

Stratosphere: Sartini takes charge; Dadaist policy at MGM

Posted on November 6, 2017 by David McKee

“It’s more appreciated now than it was 20 years ago,” says Golden Entertainment CEO Blake Sartini of his new trophy property, the Stratosphere. Boy, is he right (as usual). What used to be called “Stupak’s Stump” or the “Tower of … Continue reading →

Posted in Donald Trump, Foxwoods, Golden Gaming, Illinois, Japan, Marijuana, MGM Mirage, Mohegan Sun, Pennsylvania, Politics, Sheldon Adelson, Slot routes, Steve Wynn, Taxes, The Strip | Comments Off

Pretlow tackles NY casinos; Zinke paralyzes Connecticut casino

Posted on November 2, 2017 by David McKee

Fearing a plea for tax breaks from New York State‘s three new, underperforming casinos, Assemblyman Gary Pretlow (D) has asked the state auditor to look into why they failed to meet their revenue projections. “It is critically important that we have … Continue reading →

Posted in Economy, Foxwoods, MGM Mirage, Mohegan Sun, New York, Politics, Regulation, Tribal | Comments Off

Macao rockets ahead; SLS sale snagged

Posted on November 1, 2017 by David McKee

While we share Galaxy Entertainment Chairman Lui-Che Woo‘s circumspection about announcing a full recovery in Macao, gaming revenues continue to ignore the ‘stop’ signs. Last month they rocketed up 22%, which “blows past expectations,” according to Deutsche Bank analyst Carlo Santarelli, … Continue reading →

Posted in GLPI, Illinois, Macau, Mandalay Bay Massacre, MGM Mirage, Mohegan Sun, Politics, Racinos, Sahara, Sam Nazarian, Sheldon Adelson, Slot routes, SLS Las Vegas, Steve Wynn, The Strip, Tribal, Wall Street | Comments Off

Penn shows Trop little love; Big plans at Caesars

Posted on October 26, 2017 by David McKee

Penn National Gaming‘s quarterly report was about what you’d expect: strength in Ohio, weakness in West Virginia, and negative impacts from Hurricane Nate and the Mandalay Bay massacre. Also, Penn is looking toward the Canada market for expansion. As Deutsche … Continue reading →

Posted in Harrah's, International, Japan, Mandalay Bay Massacre, Marketing, Mohegan Sun, Ohio, Penn National, Planet Hollywood, Regulation, South Korea, Technology, The Strip, Wall Street, West Virginia | Comments Off

Smooth talk in Bridgeport; Sands Bethlehem for sale (again)?

Posted on October 25, 2017 by David McKee

“Sharp dressed, smooth talker” Uri Clinton met with Bridgeport residents in an effort to convince them that MGM Resorts International has their best interests at heart in its pursuit of Bridgeport as a casino site. Perhaps naively, Clinton hopes that … Continue reading →

Posted in Atlantic City, Downtown Grand, Economy, Foxwoods, Geoff Freeman, Glenn Straub, Internet gambling, MGM Mirage, Mohegan Sun, New York, Pennsylvania, Problem gambling, Regulation, Revel, Sheldon Adelson, Taxes, Tribal, Wall Street | Comments Off

Trump goes to bat for Adelson; Connecticut tribes on the rise

Posted on October 18, 2017 by David McKee

Japanese Prime Minister Shinzo Abe had never heard of Las Vegas Sands or MGM Resorts International before Donald Trump told him about them last February. Either that or Abe was politely feigning ignorance. (As long as was using his political office … Continue reading →

Posted in Donald Trump, Foxwoods, Greenwood Racing, Japan, MGM Mirage, Mohegan Sun, Pennsylvania, Politics, Regulation, Sheldon Adelson, Singapore, Taxes, Wall Street | Comments Off

Freeman goes native; MGM hits a three-pointer

Posted on October 18, 2017 by David McKee

American Gaming Association President Geoff Freeman was in Oklahoma City yesterday to talk up the economic benefits of Native American gaming. While one might be tempted to say they speak for themselves, the AGA rolled out some pretty powerful numbers. … Continue reading →

Posted in Alaska, Animals, California, Cosmopolitan, Florida, Foxwoods, George Maloof, Mandalay Bay Massacre, Marketing, Massachusetts, MGM Mirage, Mohegan Sun, Oklahoma, Sports, Texas, The Strip, Tribal, TV | Comments Off

Warm September for Atlantic City

Posted on October 13, 2017 by David McKee

Things continue to look up for the Boardwalk. Last month, Atlantic City casinos showed a 2.5% revenue increase on a same-store basis. Toss the dead weight of Trump Taj Mahal out of the year/year comparison and the growth is an … Continue reading →

Posted in Atlantic City, Dan Gilbert, Detroit, Entertainment, Glenn Straub, Hard Rock International, Harrah's, Internet gambling, Marketing, MGM Mirage, Mohegan Sun, Revel, Tilman Fertitta, Tropicana Entertainment, Trump Entertainment Resorts, Wall Street | Comments Off

Hot numbers in August; MGM Cotai postponed

Posted on October 2, 2017 by David McKee

Although visitation to Las Vegas was down 2% in August, room revenues and rates were both up 3% (with a hotel room costing you $125/night on average) and occupancy at 91%. JP Morgan analyst Joseph Greff credited the Floyd Mayweather-Conor McPherson … Continue reading →

Posted in Atlantic City, Boulder Strip, Colony Capital, Cosmopolitan, Downtown, Economy, Fontainebleau, Foxwoods, Hard Rock Hotel, International, Lake Tahoe, Laughlin, Macau, MGM Mirage, Mohegan Sun, North Las Vegas, Politics, Problem gambling, Regulation, Reno | Comments Off

Trump to bigfoot Connecticut controversy?

Posted on September 26, 2017 by David McKee

Could we see heavy-footed federal intervention in the MGM Resorts International vs. Connecticut tribes slugfest? Bridgeport Mayor Joe Ganim (D) hopes so. A supporter of Donald Trump‘s presidential campaign, he’s hoping the White House will stomp into the Nutmeg State fray, interceding … Continue reading →

Posted in DFS, Donald Trump, Economy, Election, Foxwoods, Galaxy Entertainment, Genting, Geoff Freeman, International, Macau, MGM Mirage, Mohegan Sun, Regulation, Singapore, Sports, The Strip | Comments Off

Palms renovation weighs upon Station; Japan dithers on casinos

Posted on September 25, 2017 by David McKee

Calling Palms renovations “an issue that has been persistent all year and whose magnitude keeps surprising us to the downside,” J.P. Morgan analyst Joseph Greff lowered revenue projections for Station Casinos for the remainder of the year, extending into early … Continue reading →

Posted in Dining, Entertainment, Foxwoods, Mohegan Sun, Regulation, Scientific Games, Sports, Station Casinos, Technology, Wall Street | 1 Comment

Quote of the Day

Posted on September 25, 2017 by David McKee

“I can’t imagine any scenario in which the tribal nations would agree to open up the compact on those grounds. I can’t imagine entering into an agreement with any entity that would endanger our agreement with the tribal nations.” — Connecticut … Continue reading →

Posted in Foxwoods, MGM Mirage, Mohegan Sun, Taxes | Comments Off

MGM Bridgeport … ?!?; Battle lines drawn in Maine

Posted on September 20, 2017 by David McKee

Poor MGM Springfield. It’s not even finished and MGM Resorts International is already off on a snipe hunt in Connecticut. Like Steve Wynn many years ago, it is proposing a casino for Bridgeport. MGM says it is prepared to invest … Continue reading →

Posted in e-sports, Economy, Election, Foxwoods, history, Maine, Marketing, Maryland, Massachusetts, MGM Mirage, Mohegan Sun, Nevada, Politics, Regulation, TV | Comments Off

Light at end of Atlantic City tunnel; Madonna gets played

Posted on September 14, 2017 by David McKee

There’s one reason to look forward to November in Atlantic City: Revenue comparisons will no longer have to include the dead weight of Trump Taj Mahal. Gaming revenues were up 3.5% on the Boardwalk last month but add the Taj … Continue reading →

Posted in Architecture, Aristocrat, Atlantic City, Cosmopolitan, Dan Gilbert, Detroit, Entertainment, Harrah's, Marketing, MGM Mirage, Mohegan Sun, Paragon Gaming, Scientific Games, Sports, Technology, The Strip, Tilman Fertitta, Tropicana Entertainment, Trump Entertainment Resorts, Westgate LV | Comments Off

Atlantic City wins big; Typhoon Hato clocks Macao

Posted on August 25, 2017 by David McKee

Having trounced its opposition in last year’s election, Atlantic City continues on its roll, with its casinos posting a 20% increase in operating profit through June. “For three consecutive quarters now, the current operators reported double-digit growth in gross operating profits. … Continue reading →

Posted in Atlantic City, California, Glenn Straub, Harrah's, Macau, MGM Mirage, Mohegan Sun, Revel, Sheldon Adelson, Steve Wynn, Tilman Fertitta, Tribal | Comments Off