Category Archives: Sheldon Adelson

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

Strange bedfellows indeed; Massachusetts responds to Vegas massacre

Posted on October 17, 2017 by David McKee

Ex-Indiana Gov. Mike Pence‘s anti-casino past came back to bite him in the keester this week. A lengthy exposé reveals that, even as Pence was publicly posturing about “no expansion of gaming” in Indiana — although Pence never clearly defined … Continue reading →

Posted in Atlantic City, California, Centaur Gaming, Charity, Delaware, Donald Trump, e-sports, G2E, Gary Goett, Indiana, Internet gambling, Mandalay Bay Massacre, Maryland, Massachusetts, Nevada, Politics, Regulation, Sheldon Adelson, Station Casinos, Technology, Tribal | Comments Off

Culinary clashes with Fertittas (again), girds for Caesars labor talks

Posted on October 16, 2017 by David McKee

Always keeping the pressure on Station Casinos, longtime adversary the Culinary Union has rolled out a new Web site, FertittaMoneyWatch.org. Although its principal mission is to keep tabs on a nascent investment fund, Fertitta Capital, the site also promotes the … Continue reading →

Posted in Atlantic City, Colony Capital, Culinary Union, Hard Rock International, Harrah's, Japan, Mandalay Bay Massacre, Massachusetts, MGM Mirage, Penn National, Rhode Island, Sheldon Adelson, Station Casinos, The Strip, Wall Street | Comments Off

Less-than-Golden Week in Macao; Pac-Man devours G2E competition

Posted on October 16, 2017 by David McKee

“Somewhat disappointing” was JP Morgan analyst Joseph Greff‘s verdict on Golden Week numbers out of Macao. “Given that some VIPs visit Macau after the holiday to avoid the crowds, we note that channel checks post Golden Week indicate that gaming … Continue reading →

Posted in Charity, Economy, G2E, GameCO, Macau, Melco Resorts & Entertainment, MGM Mirage, Sheldon Adelson, Sociedade de Jogos de Macau, Steve Wynn, Technology, Tourism, Wall Street | Comments Off

Adverse Golden Week in Macao; Ho, Caesars jockey for position in Japan

Posted on October 11, 2017 by David McKee

Golden Week is an important holiday for Macao casinos and it failed to deliver this year. Visitor traffic was down 1%, causing stocks of both Sands China and Galaxy Entertainment Group to be punished on Hong Kong‘s Hang Seng Index. … Continue reading →

Posted in Election, Galaxy Entertainment, Harrah's, Japan, Lawrence Ho, Macau, Marketing, Sheldon Adelson, Stanley Ho, Steve Wynn, Tourism, Wall Street | Comments Off

Boxing creates boom for Nevada bookmakers

Posted on October 10, 2017 by David McKee

Nevada sports books saw an increase of 1,650% in August wagering. (No, that’s not a typo.) It would be an understatement to say that the Floyd Mayweather/Conor McGregor fight helped. $70 million was wagered on it, with the books keeping … Continue reading →

Posted in Donald Trump, Genting, Mississippi, Regulation, Sheldon Adelson, Singapore, Sports, Technology, Tilman Fertitta, Westgate LV | Comments Off

Quote of the Day

Posted on October 3, 2017 by David McKee

“There were probably some elements of the Chinese government that thought Macao was growing too quickly. Maybe people like [Sheldon] Adelson and the like were getting rich too quickly.” — Richard McGregor, author of The Party: The Secret World of China’s … Continue reading →

Posted in Economy, Macau, Regulation, Sheldon Adelson | Comments Off

Case Bets

Posted on September 28, 2017 by David McKee

Rock in Rio having been one-and-done for MGM Resorts International, word is that the latter is pursuing the Kaaboo music festival for its mostly vacant outdoor-concert space up on Sahara Avenue. For the moment, Kaboo says it has “no plans” to … Continue reading →

Posted in California, Entertainment, Foxwoods, MGM Mirage, Movies, Sheldon Adelson, Technology, The Strip | 1 Comment

Adelson cools on Japan; Revel mystery deepens

Posted on September 18, 2017 by David McKee

Details of Japan‘s casino-implementation bill are starting to trickle out: a blend of tax rates for mass-market play (22%) and VIP action (12%), a minimum gambling age of 20 and casino square floors no bigger than 15,000 square feet. Limitations like … Continue reading →

Posted in Atlantic City, Dining, Election, Entertainment, Galaxy Entertainment, Glenn Straub, Hard Rock International, Harrah's, Japan, Marijuana, MGM Mirage, Politics, Regulation, Revel, Sheldon Adelson, Steve Wynn, Taxes, Wall Street | 3 Comments

Bye, bye, Vegas Club; Murren accepts minority status

Posted on September 13, 2017 by David McKee

One of our favorite sources, VitalVegas author Scott Roeben, is interviewed at length by Nevada Public Radio on what, if anything, the introduction of virtual reality to the Las Vegas Strip means for the big casinos. In part, Roeben says, … Continue reading →

Posted in Architecture, Atlantic City, CityCenter, Derek Stevens, Downtown, Downtown Grand, e-sports, Fontainebleau, Genting, Japan, Lucky Dragon, MGM Mirage, Palms, Politics, Sheldon Adelson, Station Casinos, Steve Wynn, Technology, The Strip, Tribal, Tropicana Entertainment, Wall Street | 1 Comment

Galaxy dominates Macao; Costner’s casino flops

Posted on September 1, 2017 by David McKee

For a company that entered Macao with zero casino experience, Galaxy Entertainment is taking the veterans to school. In 2Q17, its cash flow grew 45%, to $420 million, a figure not seen since 2012. Galaxy is also leading the pack in terms … Continue reading →

Posted in Economy, Galaxy Entertainment, Iowa, Macau, Melco Resorts & Entertainment, MGM Mirage, Movies, Paragon Gaming, Sahara, Sam Nazarian, Sheldon Adelson, SLS Las Vegas, Sociedade de Jogos de Macau, South Dakota, Steve Wynn, Wall Street | Comments Off

Strip disappoints, locals casinos dominate; Indiana ignores tribal casino

Posted on August 30, 2017 by David McKee

Poor table play punished the Las Vegas Strip last month, driving revenues down 8%. Locals casinos, by contrast, were up 13%, possibly helped by some end-of-June coin lingering in the slot hoppers. But, if so, what’s the Strip’s excuse for … Continue reading →

Posted in Boulder Strip, Boyd Gaming, Charity, Downtown, Economy, Environment, Harrah's, Indiana, International, Japan, Lake Tahoe, Laughlin, Lawrence Ho, Louisiana, Macau, Majestic Star, Marketing, MGM Mirage, Missouri, Nevada, North Las Vegas, Pansy Ho, Pennsylvania, Regulation, Reno, Sheldon Adelson, Taxes, The Strip, Tribal, West Virginia | Comments Off

F-blew sold; Turmoil at Westgate

Posted on August 30, 2017 by David McKee

It’s official. Carl Icahn has the Fontainebleau monkey off his back. He found a couple of chumps, er, investment firms in the form of Witkoff Group and New Valley, who bought F-blew for a cool $600 million. When you consider … Continue reading →

Posted in Carl Icahn, Fontainebleau, Genting, LVCVA, Sheldon Adelson, SLS Las Vegas, The Strip, Wall Street, Westgate LV | 2 Comments

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

Adelson goes to London — sorta; Comanches zing Zinke

Posted on August 24, 2017 by David McKee

Having taken forever to build Sands Cotai Central, owner Sheldon Adelson is wasting no time re-doing it. According to Macau Business Daily, the metaresort’s four hotels — St. Regis, Sheraton Grand, Conrad and Holiday Inn — will be redecorated in a … Continue reading →

Posted in Architecture, Dennis Gomes, Environment, Internet gambling, Macau, Oklahoma, Regulation, Sheldon Adelson, Sports, Taxes, Texas, Tribal | Comments Off

Murren blasts hate groups; 21st century strippers

Posted on August 22, 2017 by David McKee

Reverberations from Charlottesville were felt on the Las Vegas Strip last week when MGM Resorts International CEO Jim Murren wrote to all employees, saying in part, “You have my commitment that we will vigorously and zealously continue to reject hate speech … Continue reading →

Posted in Cretins, Culinary Union, Dan Gilbert, Detroit, GLPI, history, MGM Mirage, North Dakota, Penn National, Pennsylvania, Pinnacle Entertainment, Politics, Sheldon Adelson, Technology | Comments Off

Fertitta scourges Pelican State rules; Macao biz booms for Wynn

Posted on August 21, 2017 by David McKee

“Let’s not kid ourselves: that barge is concrete. It’s not going anywhere.” With those words, Tilman Fertitta launched one of several broadsides at absurd Louisiana regulations on casinos. Not only do Pelican State casinos still have to sit in water, … Continue reading →

Posted in Boyd Gaming, Churchill Downs, Eldorado Resorts, Entertainment, Environment, Foxwoods, GLPI, Greenwood Racing, Harrah's, Internet gambling, Iowa, Isle of Capri, Japan, Louisiana, Macau, MGM Mirage, Pennsylvania, Pinnacle Entertainment, Politics, Problem gambling, Racinos, Regulation, Sheldon Adelson, Steve Wynn, Tilman Fertitta, Tropicana Entertainment, Warner Gaming | Comments Off

Japan sets casinos up for failure; Renegade card room in California closed

Posted on August 18, 2017 by David McKee

About the nicest thing Jim Murren had to say about Japan‘s casino market is that it’s “unclear at the moment.” Casino developers are bracing themselves for delivery of a 130-page report from the Expert Committee, laying out proposed regulations for megaresorts. … Continue reading →

Posted in Arizona, Atlantic City, California, Cretins, Donald Trump, Election, history, Internet gambling, Japan, Maine, MGM Mirage, Pets, Regulation, Sheldon Adelson, Singapore, Sports, The Strip, Tilman Fertitta, Tourism, Transportation, Virginia | Comments Off

This just in: Cotai hot, Macao not; Seminoles thrash Gilbert

Posted on August 15, 2017 by David McKee

In today’s dog-bites-man story, a Wall Street analyst has belatedly concluded the obvious: that the casinos on Cotai will sap business from Macao proper. Global Market Advisors analyst Andrew Klebanow wrote, “What the industry can expect to see is a pattern … Continue reading →

Posted in Alabama, Atlantic City, Australia, Dan Gilbert, Georgia, Internet gambling, Macau, MGM Mirage, Ohio, Politics, Racinos, Seminole Tribe, Sheldon Adelson, Sociedade de Jogos de Macau, Stanley Ho, Steve Wynn, The Strip, Tilman Fertitta, Tourism, Wall Street | Comments Off

Cuomo’s experiment disappoints; Caesars sweet on Japan

Posted on August 14, 2017 by David McKee

Whatever marketing studies drove the conclusion that upper New York State was ripe for gambling expansion have proven to be have been seriously off the mark. Gov. Andrew Cuomo‘s three-casino addition to upstate gaming options are disappointing Albany with their … Continue reading →

Posted in Cordish Co., Genting, Greenwood Racing, Harrah's, Japan, Marketing, MGM Mirage, Neil Bluhm, New York, Pennsylvania, Regulation, Sheldon Adelson, Taxes, Technology, The Strip, Tourism, TV, Vietnam | 1 Comment