Category Archives: Nevada

Delaware leads the way; Las Vegas tourism rebounds

Posted on June 6, 2018 by David McKee

A Delaware sports book took 36 bets in its first 20 minutes of operation yesterday, making it the first state outside Nevada to capitalize on the Supreme Court‘s recent legitimization of sports wagering. “In New York, we would go right to the … Continue reading →

Posted in Atlantic City, Culinary Union, Delaware, Florida, Hard Rock International, Harrah's, MGM Mirage, Mississippi, Nevada, New York, Pennsylvania, Reno, Seminole Tribe, Sports, Taxes, The Strip, Tourism, Tribal, Wall Street, West Virginia | Comments Off

Sports betting: A new era

Posted on May 15, 2018 by David McKee

Yesterday, the Supreme Court handed down its much anticipated ruling in Murphy v. NCAA and it was pure win for states and casinos itching to offer legalized sports betting, although there was some predictable disapproval. As Arizona Attorney General Mark … Continue reading →

Posted in Arizona, Atlantic City, Boyd Gaming, Delaware, DFS, Eldorado Resorts, Election, Geoff Freeman, Harrah's, IGT, Illinois, Law enforcement, Maryland, Massachusetts, MGM Mirage, Mississippi, Nevada, New York, Penn National, Politics, Regulation, Rhode Island, Scientific Games, Sports, Texas, Tilman Fertitta, Tribal, Wall Street, West Virginia | Comments Off

Sheehan out at Scientific; Carry them back to old Virginny

Posted on May 8, 2018 by David McKee

Outgoing Scientific Games CEO (and Telemundo founder) Kevin Sheehan grew the company beyond recognition, increased revenue, reorganized its internal structure and aggressively paid down debt. So why is he being kicked upstairs to “senior advisor”? Your guess is as good … Continue reading →

Posted in Foxwoods, Horseracing, International, Maryland, Massachusetts, MGM Mirage, Mohegan Sun, Nevada, Politics, Racinos, Regulation, Scientific Games, Sports, Tribal, Wynn Resorts | Comments Off

Las Vegas numbers perplex; Macao shatters expectations

Posted on May 4, 2018 by David McKee

While Las Vegas, as mentioned earlier, is slogging through a 10-month visitation slump, you wouldn’t know it from March’s gaming-revenue numbers, which were 9% higher on the Las Vegas Strip ($574 million), although locals casinos took a 5% hit. Deutsche … Continue reading →

Posted in Atlantic City, Boulder Strip, Boyd Gaming, California, Colorado, Delaware, Downtown, Economy, Eldorado Resorts, Entertainment, Florida, Galaxy Entertainment, Harrah's, Illinois, Lake Tahoe, Laughlin, Macau, Melco Resorts & Entertainment, Mesquite, MGM Mirage, Mississippi, Nevada, New York, North Las Vegas, Ohio, Penn National, Reno, Rhode Island, Sheldon Adelson, Sociedade de Jogos de Macau, The Strip, Wall Street, West Virginia, Wisconsin, Wynn Resorts | 1 Comment

Dubious honor for Nevada; GLPI’s big gulp

Posted on April 24, 2018 by David McKee

Nevada is used to getting WalletHub accolades but here’s one it didn’t want and would probably prefer to see swept under the rug … most gambling-addicted state in the U.S. And why not? There are very few states in the … Continue reading →

Posted in Atlantic City, Boyd Gaming, Eldorado Resorts, GLPI, Harrah's, Hawaii, Illinois, Louisiana, MGM Mirage, Mississippi, Missouri, Nebraska, Nevada, Penn National, Pinnacle Entertainment, Problem gambling, Regulation, South Dakota, Tropicana Entertainment, Unite-Here | Comments Off

Mixed report from Japan; Wynn Boston Harbor up for grabs

Posted on April 23, 2018 by David McKee

First, the good news: The casino-regulation bill over which Japan‘s Liberal Democratic Party has slaved, may make it into the Diet by Friday, giving the Nipponese parliament just under two months to consider it. (The Diet adjourns on June 20.) … Continue reading →

Posted in Atlantic City, Boyd Gaming, Foxwoods, Genting, Geoff Freeman, Hard Rock International, Harrah's, Japan, Massachusetts, MGM Mirage, Mohegan Sun, Nevada, Penn National, Politics, Problem gambling, Regulation, Seminole Tribe, Sheldon Adelson, Wall Street, Wynn Resorts | 1 Comment

Japan “better than feared.” Mixed bag in Louisiana

Posted on April 17, 2018 by David McKee

How do evolving casino casino regulations in Japan look? Well, how does ‘not as bad as expected’ sound? Trust me, that’s good news. And don’t take my word: Take that of Morgan Stanley. Taxes will be set at 30%, which … Continue reading →

Posted in Boyd Gaming, Churchill Downs, Dan Gilbert, Detroit, Eldorado Resorts, Florida, Galaxy Entertainment, GLPI, Harrah's, Isle of Capri, Japan, Louisiana, Marijuana, Massachusetts, MGM Mirage, Nevada, Penn National, Philippines, Pinnacle Entertainment, Politics, Sheldon Adelson, Taxes, Tilman Fertitta, Tropicana Entertainment, Wall Street | Comments Off

Major leagues’ sticky fingers; They did some bad, bad things

Posted on April 10, 2018 by David McKee

Someone once compared golf’s Skins Game to watching rich people win the lottery. Well, the PGA is at it again, demanding an “integrity fee” from legalized sports betting. (Thankfully, Nevada is in a position to tell the league to bugger off.) … Continue reading →

Posted in Baseball, Illinois, Nevada, Politics, Sports, Taxes | 1 Comment

Wynn out, MGM in: Is history repeating itself?

Posted on April 9, 2018 by David McKee

Remember when Kirk Kerkorian made Steve Wynn an offer he couldn’t refuse for Mirage Resorts? It looks like history is going to repeat itself with “back-channel approaches” being made by MGM Resorts International to embattled Wynn Resorts. “Wynn Resorts is … Continue reading →

Posted in Archon Corp., Donald Trump, Elaine Wynn, Galaxy Entertainment, Genting, Hard Rock International, Harrah's, Japan, Laughlin, Macau, Massachusetts, MGM Mirage, Nevada, Ohio, Pennsylvania, Politics, Regulation, Sexual misconduct, Steve Wynn, The Strip, Wall Street, Wynn Resorts | Comments Off

Sands Bethlehem (finally) sold; Stratosphere battered

Posted on March 9, 2018 by David McKee

Never underestimate the power of electronic bingo. It’s the capital derived therefrom that’s enabling the Poarch Band of Creek Indians to make a $1.3 billion purchase of Sands Bethlehem. The tribe is succeeding where Tropicana Entertainment and MGM Resorts International … Continue reading →

Posted in Alabama, Florida, Foxwoods, Golden Gaming, International, Japan, Law enforcement, Macau, Massachusetts, MGM Mirage, Mohegan Sun, Nevada, Pennsylvania, Politics, Regulation, Sheldon Adelson, Singapore, The Strip, Tribal, Tropicana Entertainment, Wall Street | Comments Off

Pot comes to casinos, sorta; Terrible February in Illinois

Posted on March 7, 2018 by David McKee

In a deft bit of regulatory jujitsu, the Nevada Gaming Association has ruled that casinos can hold marijuana-related conferences, provided that they refrain from doing business with the marijuana industry (a somewhat vague directive, admittedly) nor directly involve themselves in … Continue reading →

Posted in Boyd Gaming, California, Environment, Hard Rock International, Illinois, Marijuana, Marketing, MGM Mirage, Nevada, Ohio, Penn National, Regulation | Comments Off

Maddox: Stand by my man

Posted on March 1, 2018 by David McKee

Steve Wynn disgusts me so much that I want to pack it in. His latest stratagem, faced with police reports, is a time-honored [sic] one: Blame the victim. Wynn sent a spokesman out to say the mogul “has never been supplied … Continue reading →

Posted in Donald Trump, Japan, Law enforcement, Massachusetts, Midnight Jim Gibbons, Nevada, Regulation, Sexual misconduct, Steve Wynn, The Strip, Wynn Resorts | 2 Comments

Strip weak, locals strong, Reno supercharged; Stanley Ho’s empire crumbles

Posted on February 28, 2018 by David McKee

January got the Las Vegas Strip off to a less-than auspicious start, with revenues dropping 9% from 2017. Locals casinos, meanwhile, were living it up, as revenue rose 8%, thanks in part to New Year’s Eve weekend slot drop being … Continue reading →

Posted in Arkansas, Boulder Strip, Colony Capital, Columbia Sussex, Downtown, Economy, Election, Foxwoods, Galaxy Entertainment, Harrah's, Lake Tahoe, Laughlin, Lucky Dragon, Macau, Melco Resorts & Entertainment, Mesquite, MGM Mirage, Nevada, North Las Vegas, Pennsylvania, Politics, Racinos, Sheldon Adelson, Sociedade de Jogos de Macau, Steve Wynn, The Strip, Wall Street, Wynn Resorts | 2 Comments

Georgia on my mind

Posted on February 22, 2018 by David McKee

Full disclosure time: Yesterday, I referred to Las Vegas as “here,” on the presumption that Sin City is as much a state of mind as a city in Nevada. However, since October 2016 S&G has been headquartered in the solarium … Continue reading →

Posted in Current, Georgia, Harrah's, Nevada, Wall Street | 2 Comments

Nevada: A sinful state of affairs

Posted on February 21, 2018 by David McKee

Nevada had better look to its laurels. The Silver State has been ranked only as the third most sinful in America. That’s probably because we’re down at #30 in the “hatred and anger” category, a good place to be. We’re … Continue reading →

Posted in California, Florida, Law enforcement, Maine, Mandalay Bay Massacre, Nevada, TV, Vermont | Comments Off

Wynn: “The End of an Era”

Posted on February 7, 2018 by David McKee

That’s how Deutsche Bank analyst Carlo Santarelli headlined his investor note alerting stockholders to the news that Wynn Resorts CEO/Chairman Steve Wynn has opted to step down. One can only speculate, but Carrie Geer Thevenot‘s long-buried Las Vegas Review-Journal report … Continue reading →

Posted in Current, George Maloof, history, Macau, Massachusetts, Nevada, Regulation, Sexual misconduct, Sheldon Adelson, Steve Wynn, Wall Street | 5 Comments

Wynn: The fallout

Posted on January 29, 2018 by David McKee

It’s still early in the apparent downfall of Steve Wynn but already there’s heated pressure being put on both Democrats and Republicans to disown his largesse. Rep. Karen Handel (R) was out in front, giving $2,700 Wynnbucks to “a charity in … Continue reading →

Posted in Architecture, Donald Trump, Galaxy Entertainment, Japan, Macau, Massachusetts, Nevada, Politics, Regulation, Sheldon Adelson, Steve Wynn, Wall Street | Comments Off

Steve Wynn: Time’s up

Posted on January 27, 2018 by David McKee

Yesterday, the penny dropped on Steve Wynn, as multiple reports of sexual predation made the news. According to the Wall Street Journal, we’re not talking about one or two accusers but “dozens,” over a period of decades. Without diminishing the … Continue reading →

Posted in Animals, CityCenter, Current, Dennis Gomes, Donald Trump, Election, Harrah's, Japan, Lucky Dragon, Massachusetts, MGM Mirage, Nevada, Politics, Regulation, Sheldon Adelson, Steve Wynn, The Strip, Wall Street, Wisconsin | 2 Comments

Like a Virgin

Posted on January 24, 2018 by David McKee

Back when Morgans Hotel Group paid a $770 million king’s ransom for the Hard Rock Hotel & Casino it became the poster child for overpriced assets. Now that Brookfield Asset Management has had enough, it fits right in with Virgin Hotels‘ … Continue reading →

Posted in Culinary Union, Hard Rock Hotel, Morgans Hotel Group, Nevada, Pennsylvania, Sports, Taxes, TV, Warner Gaming | 1 Comment

Quote of the Day

Posted on January 22, 2018 by David McKee

“On January 12, 2018, Governor Sandoval’s Office announced that Becky Harris would fill the vacant position of chairman of the Nevada Gaming Control Board. I applaud Governor Sandoval for making this decision and suggest it is a nice start, but … Continue reading →

Posted in Current, Nevada, Regulation | Comments Off