Category Archives: Sheldon Adelson

Connecticut casino faces uncertain future; Japanese cities protest casino process

Posted on May 26, 2017 by David McKee

Connecticut‘s controversial satellite casino has been voted through the state Senate. This prompted a swift response from the Schaghticoke Tribal Nation, which promised a lawsuit (probably financed by MGM Resorts International). Gov. Dannel Malloy (D) threw his support behind the satellite … Continue reading →

Posted in California, Economy, Foxwoods, Harrah's, Japan, Massachusetts, MGM Mirage, Mohegan Sun, Politics, Sheldon Adelson, Transportation, Tribal | Comments Off on Connecticut casino faces uncertain future; Japanese cities protest casino process

Sands Bethlehem sale fizzles; Packer peddles Alon acreage

Posted on May 25, 2017 by David McKee

For the second time, Las Vegas Sands has decided that Sands Bethlehem was too valuable to sell, especially after it set a state record for table game revenue. (Earlier, Sands was bruited to be in talks with Tropicana Entertainment to … Continue reading →

Posted in Atlantic City, Charity, Eldorado Resorts, Harrah's, Internet gambling, Iowa, Isle of Capri, James Packer, Macau, Melco Crown Entertainment, MGM Mirage, Pennsylvania, Phil Ruffin, Sheldon Adelson, Slot routes, Steve Wynn, The Strip, Tropicana Entertainment | Comments Off on Sands Bethlehem sale fizzles; Packer peddles Alon acreage

Malloy: Stay the course; Wynncore automates

Posted on May 24, 2017 by David McKee

Although the courts may have the final say in the matter, Connecticut Gov. Dannel Malloy has scotched the idea of an open-bidding process for a third Nutmeg State casino. He would prefer to keep the bird in the hand that … Continue reading →

Posted in Atlantic City, CityCenter, Foxwoods, Marketing, MGM Mirage, Mohegan Sun, New York, Sheldon Adelson, Steve Wynn, Taxes, Technology | 1 Comment

Tables buoy Pennsylvania; Oregon poker rooms in peril

Posted on May 19, 2017 by David McKee

It was table games to the rescue in Pennsylvania, in a record-setting performance, which saw casino winnings up 10% last month at the tables, while slots were down 1.5%. State leader was, as usual, Parx Casino, grossing $49 million for … Continue reading →

Posted in Eldorado Resorts, GLPI, Greenwood Racing, Harrah's, history, Isle of Capri, MGM Mirage, Mohegan Sun, Neil Bluhm, Oregon, Penn National, Pennsylvania, Pinnacle Entertainment, Politics, Sheldon Adelson, Transportation | Comments Off on Tables buoy Pennsylvania; Oregon poker rooms in peril

Stirrings of life on North Strip; Freeman hails Macao

Posted on May 19, 2017 by David McKee

Deutsche Bank analyst Carlo Santarelli visited Las Vegas this week and saw signs of life on the North Strip: “Despite limited progress, some recent concrete work is evident on the steel structures at Resorts World. We believe the project remains … Continue reading →

Posted in Architecture, Fontainebleau, G2E, Galaxy Entertainment, Genting, Geoff Freeman, IGT, Marketing, Maryland, Melco Crown Entertainment, MGM Mirage, Sheldon Adelson, Steve Wynn, Technology, The Strip, Wall Street | Comments Off on Stirrings of life on North Strip; Freeman hails Macao

Solution in search of a problem; Trump causes Macao jitters

Posted on May 18, 2017 by David McKee

As it its civic duty, Plainridge Park racino pays into the local Community Mitigation Fund. Now it’s being ill-repaid by Norfolk District Attorney Michael Morrissey, who wants 75 dimes of CMF money to investigate crimes his office says are “stemming directly” … Continue reading →

Posted in Arizona, Donald Trump, Law enforcement, Macau, Massachusetts, MGM Mirage, Penn National, Politics, Regulation, Sheldon Adelson, Steve Wynn, The Strip, Tourism, Tribal, Wall Street | Comments Off on Solution in search of a problem; Trump causes Macao jitters

Pelican Brief; Miami Beach bans casinos

Posted on May 16, 2017 by David McKee

Despite having one less weekend day this year, April was a good month for Louisiana, as gambling revenue rose 5%. The growth was especially dramatic in the Pelican State market, up 19%. By contrast, Shreveport/Bossier City was down 3%. The increase … Continue reading →

Posted in Boyd Gaming, Eldorado Resorts, Galaxy Entertainment, GLPI, Hard Rock International, Harrah's, Isle of Capri, Japan, Louisiana, MGM Mirage, Oklahoma, Pinnacle Entertainment, Sheldon Adelson, Singapore, Technology, The Strip, Tilman Fertitta, Tribal, Tropicana Entertainment, TV, Wall Street | Comments Off on Pelican Brief; Miami Beach bans casinos

Packer bows out; Adelson puts moves on Brazil

Posted on May 12, 2017 by David McKee

There’s now 100% less “Crown” in Melco Crown Entertainment. Colorful casino baron James Packer has sold his share in the company for $1.2 billion. Reuters describes the move as “ending a fraught offshore expansion and freeing up cash for new … Continue reading →

Posted in Architecture, Atlantic City, Australia, Boyd Gaming, Harrah's, International, Internet gambling, Iowa, James Packer, Japan, Lawrence Ho, Melco Crown Entertainment, MGM Mirage, Mohegan Sun, Politics, Problem gambling, Regulation, Sheldon Adelson, Sports, Station Casinos, The Crown 18, The Strip, Wall Street | Comments Off on Packer bows out; Adelson puts moves on Brazil

Hard Rock takes Icahn to the cleaners

Posted on May 11, 2017 by David McKee

Well, now we know how much Hard Rock International paid for Trump Taj Mahal — and why Carl Icahn wanted to keep it a secret. The defunct casino changed hands for $50 million, well below the nine-figure sum Icahn was … Continue reading →

Posted in Atlantic City, Carl Icahn, Columbia Sussex, Donald Trump, Glenn Straub, Hard Rock International, MGM Mirage, Pennsylvania, Regulation, Revel, Sheldon Adelson, Tribal, Tropicana Entertainment, Trump Entertainment Resorts | Comments Off on Hard Rock takes Icahn to the cleaners

Connecticut tribes go on attack; Adelson discovers 21st century

Posted on May 9, 2017 by David McKee

MGM Resorts International is getting hoist on its own petard in a new attack ad, which uses quotes cherry-picked from Massachusetts Casino Commission testimony to show CEO Jim Murren and President Bill Hornbuckle coveting the Connecticut customer base. Naturally, the Mashantucket Pequots … Continue reading →

Posted in Donald Trump, Foxwoods, Marketing, Massachusetts, MGM Mirage, Mohegan Sun, New York, Regulation, Sheldon Adelson, Technology, Tribal, TV | Comments Off on Connecticut tribes go on attack; Adelson discovers 21st century

Quote of the Day

Posted on May 9, 2017 by David McKee

“We’re not necessarily in love with the conditions or the three-year test period. We don’t want to spend billions of dollars and find out in three years they’ve changed their mind and they’re not going to allow locals in. So we … Continue reading →

Posted in International, Regulation, Sheldon Adelson, Vietnam | Comments Off on Quote of the Day

Paradise Park approved; Sweeping compromise in Florida

Posted on April 28, 2017 by David McKee

Wynn Paradise Park is finally a “go,” the Wynn Resorts board having given a downsized version of the resort its blessing, Construction of the 20-acre lagoon and accompanying convention center may begin before the year is out, perhaps as early … Continue reading →

Posted in Florida, Genting, Illinois, Internet gambling, Kansas, Macau, Pennsylvania, Politics, Problem gambling, Racinos, Regulation, Seminole Tribe, Sheldon Adelson, Steve Wynn, Taxes, The Strip, Tribal | 1 Comment

REITs meet the Street; Martinez wins in New Mexico

Posted on April 28, 2017 by David McKee

REITs Gaming & Leisure Properties and MGM Growth Properties both checked in with Wall Street yesterday, and further acquisitions were on the mind of both. In the case of MGM, its next target of opportunity is MGM National Harbor (“on … Continue reading →

Posted in Donald Trump, Economy, GLPI, Harrah's, MGM Mirage, Mississippi, Ohio, Penn National, Pennsylvania, Sheldon Adelson, Sports, The Strip, Tribal, Wall Street | Comments Off on REITs meet the Street; Martinez wins in New Mexico

Crony capitalism at Sands; Ilani Casino packs ’em in

Posted on April 26, 2017 by David McKee

Rob Goldstein isn’t exactly a pauper these days but a swoon in Las Vegas Sands‘ Macao takings also took a chomp out of Goldstein’s wallet. His compensation in 2016 was 19% lower than the year before. By contrast, CEO Sheldon … Continue reading →

Posted in Environment, Japan, Macau, Sheldon Adelson, South Korea, Transportation, Tribal, Wisconsin | Comments Off on Crony capitalism at Sands; Ilani Casino packs ’em in

Conservatives diss Adelson; Penn loses court battle

Posted on April 21, 2017 by David McKee

If Attorney General Jeff Sessions goes ahead with a ban on Internet gambling, he could be in for a world of hurt. Never mind the states with online casinos. He’d be messing with the states that have online lotteries, a … Continue reading →

Posted in Charity, Donald Trump, Florida, Genting, Internet gambling, Iowa, Penn National, Pennsylvania, Politics, Regulation, Sheldon Adelson, Taxes | 1 Comment

Adelson buys Trump; Caesars, MGM stiff players

Posted on April 19, 2017 by David McKee

We always knew Sheldon Adelson was fundamentally shameless — remember when he would gush with praise of Red China? — and this photo of him cuddling up to sometime anti-Semite Steve Bannon just proves it. What’s newsworthy, though, is why Adelson may have … Continue reading →

Posted in Donald Trump, Harrah's, Internet gambling, MGM Mirage, Sheldon Adelson, The Strip | Comments Off on Adelson buys Trump; Caesars, MGM stiff players

Prospects and pitfalls in Connecticut; Roulette makes a comeback

Posted on April 18, 2017 by David McKee

Could the East Windsor satellite casino be a Machiavellian plot to extract the Mashantucket Pequots and the Mohegan Tribe from their obligations to the State of Connecticut? Probably not but state Attorney General George Jepsen has already opined that the … Continue reading →

Posted in Entertainment, Foxwoods, Massachusetts, MGM Mirage, Mohegan Sun, Penn National, Politics, Sheldon Adelson | 1 Comment

Quote of the Day

Posted on April 14, 2017 by David McKee

“As a Republican, [Attorney General Jeff Sessions] should also favor letting people and the states that represent them make their own decisions and be very cautious about setting a dangerous anti-federalism precedent, not just for online gambling, but for any number … Continue reading →

Posted in Internet gambling, Politics, Sheldon Adelson | Comments Off on Quote of the Day

Raiders prompt magical thinking; Next stop: Yankton?

Posted on March 29, 2017 by David McKee

Boxing promoter Bob Arum has drunk deeply of the NFL-in-Vegas Kool-Aid, telling the Wall Street Journal, “Say  [the Raiders] play the Giants. It’s going to bring 20,000 people coming from New York to watch the game, clutching fistfuls of money … Continue reading →

Posted in Boyd Gaming, Florida, Japan, Law enforcement, Macau, Seminole Tribe, Sheldon Adelson, South Dakota, Sports, Technology, Tourism, Westgate LV | Comments Off on Raiders prompt magical thinking; Next stop: Yankton?

It’s official: Las Vegas Raiders; Crime on the Strip

Posted on March 27, 2017 by David McKee

NFL Commissioner Roger Goodell having slammed the door on Oakland, we’re going to have to follow Adam Schefter‘s lead and get used to saying “Las Vegas Raiders.” Needless to say, this is a huge coup for Sin City, all the bigger … Continue reading →

Posted in Current, Geoff Freeman, Harrah's, Law enforcement, MGM Mirage, Sheldon Adelson, Sports, The Strip, World Series of Poker | Comments Off on It’s official: Las Vegas Raiders; Crime on the Strip