Category Archives: Sheldon Adelson

New Deal; Same old same-old at Wynncore

Posted on January 30, 2017 by David McKee

In a dramatic semi-reversal, Georgia Gov. Nathan Deal (R) has said he is open “to keep the discussion going” on casinos in the state. The governor’s sudden open mindedness comes with several caveats, including the assurance that casino gambling won’t detract … Continue reading →

Posted in Architecture, Delaware, Donald Trump, Election, Georgia, Japan, Massachusetts, MGM Mirage, Penn National, Politics, Regulation, Sheldon Adelson, South Carolina, Sports, Steve Wynn, Taxes, The Strip | Comments Off

Crescendo of criticism in Connecticut; Adelson has solid 3Q17

Posted on January 27, 2017 by David McKee

“These legislators have it right, and they are proposing what Connecticut should have done from day one: put in place a process that is fair, open, transparent, reliable, and competitive,” said MGM Resorts International spokesman Alan Feldman, as opposition to … Continue reading →

Posted in California, Donald Trump, Election, Foxwoods, Macau, MGM Mirage, Mohegan Sun, Neil Bluhm, New York, Politics, Sheldon Adelson, Singapore, The Strip, Tribal | Comments Off

Wynn Palace a work in progress; Hawaii ponders i-gaming

Posted on January 27, 2017 by David McKee

Wall Street analysts were pleasantly surprised by the latest results from Wynn Palace, which exceeded expectations. As JP Morgan analyst Joseph Greff wrote, the Palace “has reconfigured the main casino floor (mass market), adding new slot/poker sections and opening up … Continue reading →

Posted in Delaware, Economy, Hawaii, Internet gambling, Macau, Massachusetts, Neil Bluhm, Nevada, Penn National, Pennsylvania, Regulation, Sheldon Adelson, Steve Wynn, Technology, The Strip, Wall Street | Comments Off

Trump: The Fix is In; Battle of Gettysburg III

Posted on January 16, 2017 by David McKee

Gaming executives who are buddies with Donald Trump just got a rude surprise when attorney general nominee Sen. Jeff Sessions (R) said he was “shocked” by the 2011 reinterpretation of the Wire Act, whereby Internet gaming became legal. This sets … Continue reading →

Posted in Atlantic City, Donald Trump, Economy, Harrah's, history, Horseracing, Internet gambling, Maryland, Pennsylvania, Problem gambling, Sheldon Adelson, Taxes | Comments Off

Trump vs. Las Vegas; E-sports is big busine$$

Posted on January 12, 2017 by David McKee

“Donald Trump is the most uninformed president the U.S. has ever had. This is not an opinion. It is based on the realities of how human beings communicate: He does not read. ‘[Trump] said in a series of interviews that he does not … Continue reading →

Posted in Affinity Gaming, Atlantic City, Donald Trump, Downtown, Economy, Entertainment, Harrah's, International, Internet gambling, Macau, Marketing, MGM Mirage, Mississippi, Regulation, Sheldon Adelson, Sports, Steve Wynn, The Strip, Tourism, Tropicana Entertainment, Wall Street | Comments Off

Quote of the Day

Posted on January 5, 2017 by David McKee

“I fear we’re seeing the evolution of a business in which the shots are being called by Vegas bean-counters instead of strong, committed local leadership that recognizes the advantages of a cooperative relationship with neighbors who share in its prosperity.” … Continue reading →

Posted in Pennsylvania, Sheldon Adelson, Taxes | Comments Off

2017: Boom or bust?

Posted on January 4, 2017 by David McKee

Vital Vegas, whose predictive skills are superior to ours, recently came out with a blockbuster, forecasting that Las Vegas Sands or MGM Resorts International or Wynn Resorts (or maybe some combination of the above) might be headed into bankruptcy. “Tectonic … Continue reading →

Posted in Atlantic City, Detroit, Economy, Harrah's, Japan, Macau, MGM Mirage, Regulation, Sheldon Adelson, Steve Wynn, Wall Street | 1 Comment

Macao: Cautious recovery predicted; Straub sets Revel reopening

Posted on December 30, 2016 by David McKee

“Does the fact that Macao has an Eiffel Tower now bring extra people to the market,” asked Union Gaming Group analyst Grant Govertsen rhetorically. “Yes, but their main activity here will still be gaming.” “They” includes players from as far … Continue reading →

Posted in Atlantic City, CityCenter, Dining, Economy, G2E, Glenn Straub, Internet gambling, Japan, Lawrence Ho, Macau, Revel, Sheldon Adelson, The Strip, Tourism, Transportation, Wall Street | 1 Comment

MGM’s base motives; Slots: You snooze, you lose

Posted on December 29, 2016 by David McKee

MGM Resorts International really kicked over a hornet’s nest when it extended pay-for-parking to locals. Spokesman Gordon Absher (“The sacrificial lamb or the goat staked to the post in Jurassic Park,” in the words of Las Vegas Review-Journal columnist Steve … Continue reading →

Posted in Atlantic City, Cosmopolitan, MGM Mirage, Pennsylvania, Sheldon Adelson, Taxes, The Strip, Transportation | 1 Comment

Japan goes all in; Adelson, Davis on the outs?

Posted on December 27, 2016 by David McKee

In an uncharacteristic flurry of activity, the normally tortoise-powered Shinzo Abe got casino enabling legislation through both houses of the Japanese Diet prior to adjournment. “To us the opportunity is thoroughly Japanese and thoroughly delicious,” said a lip-smacking Steve Wynn. … Continue reading →

Posted in California, Florida, Geoff Freeman, Japan, Politics, Seminole Tribe, Sheldon Adelson, Sports, Steve Wynn, Taxes, The Strip, Tourism, Wall Street | Comments Off

What the Lucky Dragon means; National Harbor lifts all boats

Posted on December 9, 2016 by David McKee

The good Dr. David G. Schwartz ponders the significance of Lucky Dragon Casino and begins with one salient milestone: “Lucky Dragon is the first genuinely new property to open in the tourist corridor since The Cosmopolitan six years ago.” That’s … Continue reading →

Posted in Architecture, Cosmopolitan, Donald Trump, Genting, Harrah's, history, Internet gambling, Japan, Lucky Dragon, Marketing, Maryland, MGM Mirage, Nevada, Politics, Problem gambling, Regulation, Sheldon Adelson, Taxes, The Strip, Tourism, Wall Street | Comments Off

Macao: Big brother is watching; Quandary in Indiana

Posted on December 9, 2016 by David McKee

Just as it looked that Macao was beginning to climb out of one government-created crisis, along comes another. According to a report in the South China Morning Post, the central government was cutting the maximum withdrawal amount from UnionPay ATMs … Continue reading →

Posted in Ameristar, Boyd Gaming, Full House Resorts, GLPI, Harrah's, Indiana, Macau, Majestic Star, Penn National, Pinnacle Entertainment, Racinos, Regulation, Sheldon Adelson, Singapore, Tropicana Entertainment, Wall Street | Comments Off

Japan: Hold your horses!

Posted on December 6, 2016 by David McKee

Contrary to a press report over the weekend — and too credulously picked up by S&G — casino gambling is far from out of the woods in the Japanese Diet. True, it was voted out of committee in the lower … Continue reading →

Posted in Cirque du Soleil, CityCenter, Cosmopolitan, Japan, Melco Crown Entertainment, MGM Mirage, Politics, Regulation, Sheldon Adelson, Singapore, Steve Wynn, Taxes, The Strip, Tourism, Wall Street | Comments Off

Running the tables in Pennsylvania; MGM woos Georgia (again)

Posted on December 5, 2016 by David McKee

Due to Pennsylvania‘s quirky habit of releasing slot and table game revenue numbers in staggered fashion, we don’t often comment on Keystone State gambling revenues. Fortunately, the Center for Gaming Research at UNLV consolidates the information into one handy-dandy report. … Continue reading →

Posted in Architecture, Aristocrat, Australia, Cosmopolitan, Economy, Eldorado Resorts, Georgia, GLPI, Greenwood Racing, Harrah's, Hooters, Isle of Capri, Macau, Maryland, MGM Mirage, Mohegan Sun, Neil Bluhm, Penn National, Pennsylvania, Pinnacle Entertainment, Politics, Racinos, Sheldon Adelson, Slot routes, SLS Las Vegas, Taxes, The Strip, Tourism, Transportation | Comments Off

Japan: The impossible happens

Posted on December 5, 2016 by David McKee

Just when even Wall Street analysts were giving up hope — and ahead of schedule — Japanese Prime Minister Shinzo Abe got a casino-legalization bill through the Diet. This isn’t the end of the process, although casinos are now legal, … Continue reading →

Posted in Architecture, Boyd Gaming, Cannery Casino Resorts, Donald Trump, Economy, Geoff Freeman, Hard Rock International, Japan, Kazuo Okada, MGM Mirage, North Las Vegas, Regulation, Sheldon Adelson, Technology, Tourism, Transportation | Comments Off

New stumbling block for Caesars; ‘Net betting powers New Jersey

Posted on November 23, 2016 by David McKee

Just when it looked like Caesars Entertainment was out of the woods in its bankruptcy reorganization the federal trustee intervened with an objection. At issue are the releases from litigation that Caesars wrested from creditors as part of the price … Continue reading →

Posted in Arizona, Atlantic City, Donald Trump, Harrah's, Internet gambling, Massachusetts, Penn National, Pennsylvania, PokerStars, Regulation, Sheldon Adelson, Tribal, Tropicana Entertainment | Comments Off

Trump Taj saves Atlantic City; Barrack resurfaces; Visiting Memory Lane

Posted on November 17, 2016 by David McKee

When we rounded up Atlantic City gaming numbers yesterday, we didn’t get into market-adjusted comparisons and thus buried the lead. The Boardwalk’s surviving casinos saw, on average, a 6% increase in gaming revenue, thanks to the Oct. 10 closing of … Continue reading →

Posted in Arizona, Atlantic City, Carl Icahn, Cirque du Soleil, Colony Capital, Donald Trump, Economy, Entertainment, Genting, history, Internet gambling, Japan, Law enforcement, Louisiana, Macau, Maryland, Mississippi, Ohio, PokerStars, Regulation, Revel, Sahara, Sheldon Adelson, Sports, Steve Wynn, Taxes, The Strip, West Virginia, Wisconsin | 1 Comment

Japan: Another failure; Reading the Trump tea leaves

Posted on November 15, 2016 by David McKee

According to Morgan Stanley analysts, the chances of pro-casino legislation passing in Japan this year are “quite low.” Yes, Prime Minister Shinzo Abe has booted the ball yet again. His big push [sic] to bring casinos to the Land of … Continue reading →

Posted in Architecture, California, Delaware, Donald Trump, Florida, Genting, Internet gambling, James Packer, Japan, Law enforcement, Macau, MGM Mirage, Nevada, Politics, Sheldon Adelson, Singapore, South Korea, Station Casinos, Tourism, Tribal | Comments Off

Ivey loses a round; Freeman loses it

Posted on November 15, 2016 by David McKee

Emboldened by a federal court ruling that Phil Ivey and an associate violated the New Jersey Casino Control Act by using “edge sorting” to alter the odds of baccarat in their favor, Borgata is upping its demands against the pair, … Continue reading →

Posted in Atlantic City, Boyd Gaming, Donald Trump, Economy, Geoff Freeman, Law enforcement, MGM Mirage, Sheldon Adelson, The Strip, Tourism | Comments Off

Florida: Scott loses, big time; Coup d’etat in Atlantic City

Posted on November 11, 2016 by David McKee

Fourteen more years. That’s how long the Seminole Tribe can have exclusive rights to blackjack in Florida, thanks to a ruling by U.S. District Judge Robert Hinkle. It’s a huge win for the Seminoles and not entirely unforeseen, given how … Continue reading →

Posted in Atlantic City, Donald Trump, Economy, Election, Florida, Geoff Freeman, Georgia, Glenn Straub, Hard Rock International, Japan, Lawrence Ho, Macau, Marketing, Maryland, Melco Crown Entertainment, MGM Mirage, Pennsylvania, Racinos, Rhode Island, Seminole Tribe, Sheldon Adelson, Taxes, Tribal, Wall Street | Comments Off