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- Ray Lebowski on Sibella scandal spreads; Supremes forestall Seminoles
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Category Archives: Mohegan Sun
Wynn battles Boston
Despite leading Mohegan Sun on points, Steve Wynn seems far from a TKO for a Boston casino. (For the full monty on both projects, the Massachusetts Gaming Commission provides heavy detail.) For one thing, Mayor Martin Walsh‘s administration appears to be … Continue reading
Posted in Horseracing, Massachusetts, Mohegan Sun, Regulation, Rhode Island, Steve Wynn, Transportation
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Boston: Another agonizing delay; Loveman: Don’t worry, be happy
Just when it looked like the suspense would be ended over who’d get the Boston-area casino, the slow-moving Massachusetts Gaming Commission imposed another week’s delay on the process. Basically, commissioners want Wynn Resorts to do better than it has in … Continue reading
Posted in Alabama, Architecture, Atlantic City, Cordish Co., Genting, Harrah's, history, Marketing, Massachusetts, Mohegan Sun, New York, Penn National, Pennsylvania, Regulation, Steve Wynn, Transportation
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Decision time in Boston
At last, the Massachusetts Gaming Commission is taking up the Steve Wynn vs. Mohegan Sun battle for a Boston-area casino. Hearings began yesterday, with one round going to each challenger. Wynn Resorts surprisingly (given its reputation) lost the swimsuit competition, … Continue reading
Posted in Architecture, Cordish Co., Environment, Harrah's, Internet gambling, Maryland, Massachusetts, Mohegan Sun, Penn National, Racinos, Singapore, Steve Wynn
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Oh no, not again!
Trump Taj Mahal is heading back to a familiar bookmark: Chapter 11 bankruptcy. The casino is in violation of certain loan covenants and talks with creditors have proven unfruitful. The one creditor who really matters is Carl Icahn and he’s … Continue reading
Big Apple, smaller bites; Checkmate on the Strip
“There will never be another Mohegan Sun. That’s the way the market has shifted.” So says Mohegan Tribal Gaming Authority CEO Mitchell Grossinger Etess on the smaller, economy-sized casinos he and his fellows will have to build in New York … Continue reading
Posted in Atlantic City, Economy, Harrah's, Mohegan Sun, New York, Planet Hollywood, The Strip
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Atlantic City: Worse to come
If you thought this year’s shrinkage of the Atlantic City casino market from 12 casinos to eight was bad, brace yourself. A Deutsche Bank report predicts more contraction to come. Resorts Atlantic City and Trump Taj Mahal have been marked … Continue reading
Dispatch from the Boardwalk
As Revel informs the bankruptcy court that it’s dickering with “potential” bidders, a new set of gaming numbers rolls in with the tide. Subtracting the Atlantic Club Hotel from the comparisons, Atlantic City is down 7% year/year. Online gaming revenue, … Continue reading
Regulators to Walsh: Not so fast, friend
Boston Mayor Martin Walsh isn’t getting off the hook so easily. He tried to fob the negotiation of a mitigation agreement with Wynn Resorts off on the Massachusetts Gaming Commission. The latter said ‘not so fast’ and ordered the city … Continue reading
Posted in Economy, Genting, Harrah's, Illinois, International, Massachusetts, Mississippi, Mohegan Sun, Regulation, Steve Wynn, Wall Street
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Russian roulette in Boston
Due to Boston Mayor Martin Walsh‘s refusal to go to arbitration with Wynn Resorts, the Massachusetts Gaming Commission finds itself in an unexpected role. It’s mulling other surrounding-community agreements from around the state and trying to measure the economic impact … Continue reading
Posted in Atlantic City, Delaware, Foxwoods, Genting, International, Internet gambling, Massachusetts, MGM Mirage, Mohegan Sun, New York, Regulation, Rhode Island, Steve Wynn
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Soft landing in A.C.; “Nocturne” put to sleep
Internet-gaming revenue continues to slip in New Jersey, down 9% from May. There are only three players of consequence: Borgata (36.5%), Caesars Atlantic City (27%) and Tropicana Atlantic City (18%). Still, Internet gambling continues to provide a cushion for the … Continue reading
Posted in Atlantic City, Boyd Gaming, California, Cosmopolitan, Current, Entertainment, Harrah's, Internet gambling, Mohegan Sun, Revel, Sam Nazarian, Steve Wynn, The Strip, Tilman Fertitta, Tropicana Entertainment, Trump Entertainment Resorts, Wall Street
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Too much amount of wrong; Big deal in Boston
Ownership at The Cosmopolitan of Las Vegas has apparently lost its appetite for charmingly off-kilter variety show Vegas Nocturne. The show is not only rumored to be closing at the Cosmo but SLS Las Vegas has been mooted as its … Continue reading
Posted in Architecture, Cosmopolitan, Entertainment, Harrah's, Massachusetts, Mohegan Sun, Sam Nazarian, Steve Wynn, The Strip
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Camptown Races; Concord in Boston
What if they gave a casino and nobody came? That’s what happened to Kansas, which drew nary a bidder on its fourth and final casino license, deemed by many to be too close to Oklahoma (rife with casinos) to be … Continue reading
Beat-down in Beantown
It was Boston Mayor Martin Walsh duking it out in a cage match with Revere, Everett, Wynn Resorts and Mohegan Sun, for the edification of the Massachusetts Gaming Commission. Walsh tried to frame it as a debate on frugality: “It’s really … Continue reading
Posted in Election, Massachusetts, Mohegan Sun, Regulation, Steve Wynn
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Revel’s death spiral; Piling into N.Y.
Having filed for bankruptcy a second time, Revel Casino Hotel is trying hard to stay off the auction block. Maybe not hard enough: A $300 million price tag is too rich for Caesars Entertainment‘s blood or even flush Hard Rock … Continue reading
Posted in Atlantic City, Churchill Hill, Cordish Co., Current, Genting, Hard Rock International, Harrah's, Mohegan Sun, Neil Bluhm, Penn National, Revel, Taxes, Wall Street
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What’s in a name?
Quite a lot apparently, if you’re Wynn Boston and you’re going up against local favorite Mohegan Sun. A poll taken by the Center for Policy Analysis at the University of Massachusetts Dartmouth found voters split between 48% in favor of Mohegan … Continue reading
Posted in Atlantic City, Colorado, Delaware, Detroit, Economy, Election, Foxwoods, Illinois, Indiana, Kansas, Louisiana, Massachusetts, Missouri, Mohegan Sun, New York, Pennsylvania, Steve Wynn, The Strip
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Gearing up for fights in Massachusetts, California and Arkansas
Expect a deluge of dollars to be spent opposing or supporting a casino-repeal ballot question in Massachusetts. Unlike political campaigns, ballot questions have no spending limitation attached to them. So far, the biggest amount spent on a ballot question in … Continue reading
Posted in Arkansas, Bally Technologies, California, Election, Entertainment, Internet gambling, Maryland, Massachusetts, Mohegan Sun, Penn National, Racinos, Regulation, Shuffle Master, Steve Wynn, The Strip, Tropicana Entertainment
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Boffo May in Vegas; The power of convenience
Wall Street was pleasantly surprised by May’s gambling numbers from Nevada and especially the Las Vegas Strip, which was up 17%. Statewide, revenues rose 8%, reflecting the dilutive effect of an 8% decline in locals gaming revenue. A 3% dip … Continue reading
Massachusetts: A call to action
Casino companies in Massachusetts “could” or “may” team up to fight the repeal effort currently underway. How about “must” or “should”? If ever there were an imperative for joint action, this is it. Perhaps even Wynn Resorts and Mohegan Sun could … Continue reading
Posted in Economy, Election, Foxwoods, Geoff Freeman, Horseracing, IGT, Internet gambling, Massachusetts, MGM Mirage, Mohegan Sun, Penn National, Politics, Steve Wynn
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Massachusetts: The morning after
Although Wynn Resorts is keeping mum on this week’s Massachusetts Supreme Judicial Court ruling, others are not taking it lying down. Faced with a do-or-die referendum on casino gambling in the Bay State, MGM Resorts International promised it was “fully … Continue reading
Posted in Atlantic City, Election, Geoff Freeman, Harrah's, Internet gambling, Macau, Massachusetts, MGM Mirage, Mohegan Sun, Penn National, PokerStars, Politics, Regulation, Sports, Steve Wynn
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Casinos get November surprise
In news that Deutsche Bank analyst Carlo Santarelli called a “fiasco,” the Massachusetts Supreme Judicial Court has decided to allow Bay State voters to decide whether or not to repeal the state’s casino law. Hardest-hit in a worst-case scenario would … Continue reading
Posted in Atlantic City, Internet gambling, Massachusetts, MGM Mirage, Mohegan Sun, Penn National, Reno, Sports, Steve Wynn
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