Category Archives: Sheldon Adelson

The day after

Posted on November 9, 2016 by David McKee

This morning’s biggest winners are not politicians or pundits (certainly not the pollsters) but the punters who laid their money on a Donald Trump victory when sites like Betfair had him as a one-in-five underdog or worse. Their wallets are … Continue reading →

Posted in Atlantic City, Donald Trump, Election, Florida, Harry Reid, Horseracing, Maine, Massachusetts, Nevada, Politics, Racinos, Regulation, Sheldon Adelson, Steve Wynn | 1 Comment

Jacked around in Ohio; Wrong about Trump

Posted on November 8, 2016 by David McKee

At this point, we don’t know jack about Dan Gilbert‘s new “Jack” casino brand. In September, it appeared to be gaining traction with players. Then the bottom fell out. Jack Cleveland‘s $15 million take was a 14% fall while Jack … Continue reading →

Posted in Dan Gilbert, Donald Trump, Eldorado Resorts, Election, GLPI, Hard Rock International, Internet gambling, Marketing, Ohio, Palms, Penn National, Pinnacle Entertainment, Racinos, Reno, Sheldon Adelson, Station Casinos, Tribal, Wall Street | Comments Off on Jacked around in Ohio; Wrong about Trump

LV Monorail lives; MGM shatters expectations

Posted on November 7, 2016 by David McKee

Whether or not you consider the Las Vegas Monorail a while elephant, its trunk is going to grow a bit longer. Clark County is diligently pursuing the permits that would enable it to extend the Monorail to Mandalay Bay, where … Continue reading →

Posted in Atlantic City, Boyd Gaming, Detroit, GLPI, Harrah's, Illinois, Macau, MGM Mirage, Mississippi, Neil Bluhm, Penn National, Sheldon Adelson, Slot routes, The Strip, Transportation, Wall Street | 1 Comment

Atlantic City rescue rejected; Klondike lives!

Posted on November 3, 2016 by David McKee

A New Jersey takeover of Atlantic City seems all but inevitable. Although Mayor Don Guardian (R) is vowing to “fight this until we cannot fight any longer,” the state has tentatively rejected his bailout plan for the city. The kibosh … Continue reading →

Posted in Atlantic City, Boulder Strip, International, Marketing, Regulation, Sheldon Adelson | Comments Off on Atlantic City rescue rejected; Klondike lives!

MGM hearts Japan; Atlantic City aims for total victory

Posted on November 1, 2016 by David McKee

According to Reuters, if casinos are legalized in Japan, then MGM Resorts International would be willing to build the world’s second $9.5 billion megaresort. (Las Vegas Sands has already brandished $10 billion.) That’s leading with your chin. However, MGM believes … Continue reading →

Posted in Atlantic City, Election, Genting, Japan, Marketing, Massachusetts, MGM Mirage, Politics, Sheldon Adelson, South Korea, Station Casinos, Steve Wynn, Taxes, Tribal, Unite-Here | 1 Comment

Turnaround in Macao; Trop claims another victim

Posted on November 1, 2016 by David McKee

There’s finally solid ground for optimism with regard to Macao, admittedly a good market to be in even at the worst of times. October gaming revenues surged 9%. Deutsche Bank analyst Carlo Santarelli took the numbers with a couple of … Continue reading →

Posted in Economy, Entertainment, Macau, Melco Crown Entertainment, MGM Mirage, Penn National, Pennsylvania, Politics, Sheldon Adelson, Sports, Stanley Ho, Steve Wynn, Taxes, The Strip, Tourism, Wall Street | 1 Comment

Pennsylvania lawmakers screw the pooch; Adelson’s way or the highway

Posted on October 28, 2016 by David McKee

Pennsylvania communities are scrambling to reach voluntary revenue-sharing accords with the casinos they host after the Legislature left the issue in limbo. Rather than address the host-community fee on its own, the House of Representatives tacked on approval of Internet … Continue reading →

Posted in Architecture, Environment, GLPI, Golden Gaming, Greenwood Racing, Harrah's, Internet gambling, Maryland, Massachusetts, Penn National, Pennsylvania, Politics, Regulation, Sheldon Adelson, Slot routes, Steve Wynn, Taxes, Technology | Comments Off on Pennsylvania lawmakers screw the pooch; Adelson’s way or the highway

Adelson in trouble again; Trop buoys Penn National numbers

Posted on October 27, 2016 by David McKee

Las Vegas Sands is under the regulatory magnifying glass again. It’s been alleged that the company tried to make an end run around anti-money-laundering laws by permitting Chinese whales to use front men to place bets on their behalf. Lawyers … Continue reading →

Posted in California, Dining, Downtown, Entertainment, Harrah's, International, Internet gambling, Law enforcement, Marketing, Mississippi, Penn National, Pennsylvania, Regulation, Sheldon Adelson, Sports, Taxes, Technology, The Strip, Tribal, Wall Street | Comments Off on Adelson in trouble again; Trop buoys Penn National numbers

Taj Mahal: Soon with 100% less Trump?; Sands jams up players

Posted on October 13, 2016 by David McKee

While the last vestiges of Donald Trump‘s ownership of Trump Taj Mahal were liquidated when Carl Icahn took over, it retained the name and continued to buy Trump Water. (The taste of douchebaggery?) What concerns politicians in Trenton is the prospect … Continue reading →

Posted in Affinity Gaming, Architecture, Atlantic City, Carl Icahn, Charity, Cirque du Soleil, Donald Trump, Downtown, Entertainment, Harrah's, International, Politics, Sheldon Adelson, The Strip, Tilman Fertitta, Tropicana Entertainment | Comments Off on Taj Mahal: Soon with 100% less Trump?; Sands jams up players

Casino moguls get stadium religion; Macao casinos not a Beijing priority

Posted on October 11, 2016 by David McKee

MGM Resorts International CEO Jim Murren has had a come-to-Jesus moment on Sheldon Adelson‘s proposed NFL stadium. After all, MGM stands the most to benefit from proximity to its all-but-certain Russell Road location. Failing to fund the stadium, Murren told … Continue reading →

Posted in Economy, Macau, MGM Mirage, Sheldon Adelson, Sports, Steve Wynn, Taxes, The Strip | 1 Comment

Local is beautiful; Adelson loses partner

Posted on October 10, 2016 by David McKee

Motley Fool columnist Travis Hoium says investors are missing a good bet if they overlook Las Vegas locals operators to focus on the big Las Vegas Strip players. He cites Station Casinos, Boyd Gaming and Penn National Gaming (presumably for … Continue reading →

Posted in Atlantic City, Boyd Gaming, Cosmopolitan, Downtown, Economy, Entertainment, history, Law enforcement, M Resort, Maryland, MGM Mirage, Palms, Penn National, Regulation, Sheldon Adelson, Station Casinos, Steve Wynn, Taxes, Technology, The Strip, Wall Street | 1 Comment

What is “good faith”?; Landslide shaping up in New Jersey

Posted on October 5, 2016 by David McKee

Who broke the compact between the State of Florida and the Seminole Tribe? That question is at the nub of a bench trial over the Seminoles’ disputed blackjack games. A win for Gov. Rick Scott (R) could be Pyrrhic, costing … Continue reading →

Posted in Atlantic City, Delaware, Election, Florida, Galaxy Entertainment, Genting, Hard Rock International, International, Internet gambling, Macau, Melco Crown Entertainment, Nevada, Racinos, Regulation, Seminole Tribe, Sheldon Adelson, The Mob, Tribal | Comments Off on What is “good faith”?; Landslide shaping up in New Jersey

Crisis mode in Pennsylvania; Hard Rock unifies the brand

Posted on October 3, 2016 by David McKee

Although Pennsylvania lawmakers theoretically have three months to amend an “incredibly complex” state law that directs casino revenue to host cities and counties, the grim reality is that the Lege has only eight session days in which to get it … Continue reading →

Posted in Australia, Charity, Eldorado Resorts, Florida, G2E, Greenwood Racing, Hard Rock Hotel, Hard Rock International, International, Macau, Pennsylvania, Politics, Seminole Tribe, Sheldon Adelson, Steve Wynn, Taxes, Technology, TV, Wall Street | Comments Off on Crisis mode in Pennsylvania; Hard Rock unifies the brand

Trump: The art of losing (money); Daylight in Macao

Posted on October 3, 2016 by David McKee

Being the most inept casino developer in American history (four bankruptcies speak for themselves) has its advantages. The red ink hemorrhaged by Donald Trump‘s Atlantic City casinos spilled over onto his 1995 income-tax form, enabling the mogul to record a … Continue reading →

Posted in Atlantic City, Donald Trump, Harrah's, Macau, Regulation, Sheldon Adelson, Steve Wynn, Taxes, Tilman Fertitta, Wall Street | 3 Comments

Stadium debate heats up; Seminole Tribe ousts boss

Posted on September 30, 2016 by David McKee

  While it looked for a moment like the wheels were greased for an NFL stadium on the Las Vegas Strip, financed primarily by hotel-room taxes, there’s a bit less certainty today. For one thing, Sheldon Adelson either assumed or … Continue reading →

Posted in California, Economy, Florida, Hard Rock International, Harrah's, Macau, MGM Mirage, Politics, Seminole Tribe, Sheldon Adelson, Sports, Taxes, The Strip | 2 Comments

Industry braces for post-Reid void

Posted on September 30, 2016 by David McKee

Why has Geoff Freeman become such an outspoken voice in favor of the gaming industry? In part to fill the vacuum soon to be left by retiring Sen. Harry Reid (D). One of the two candidates running to replace him, … Continue reading →

Posted in Election, Geoff Freeman, Harrah's, Harry Reid, MGM Mirage, Pinnacle Entertainment, Politics, Sheldon Adelson, Station Casinos | Comments Off on Industry braces for post-Reid void

Pennsylvania casinos trounce state; MGM looks to Brazil

Posted on September 30, 2016 by David McKee

Pennsylvania cities and counties could find themselves short of money soon — and legislators have to locate even more cash on short notice, as though the current budget impasse wasn’t trouble enough. The commonwealth has been given three months, tops, by the … Continue reading →

Posted in Economy, Eldorado Resorts, Greenwood Racing, IGT, International, Internet gambling, Japan, MGM Mirage, Neil Bluhm, Pennsylvania, Politics, Sheldon Adelson, Taxes, The Strip | Comments Off on Pennsylvania casinos trounce state; MGM looks to Brazil

Sheldon’s new errand boy; Caesars: Let’s make a deal

Posted on September 26, 2016 by David McKee

Las Vegas Sands CEO Sheldon Adelson is known to be the Lady Bountiful of the 2016 election, showering promising senatorial candidates with cash. One such hopeful is Arkansas Sen. Tom Cotton (R), who has thrown a legislative Hail Mary, attempting … Continue reading →

Posted in Atlantic City, Donald Trump, Election, G2E, Genting, GLPI, Harrah's, IGT, Illinois, Internet gambling, New York, Penn National, Politics, Sheldon Adelson, Slot routes, Technology, Unite-Here, Warner Gaming | Comments Off on Sheldon’s new errand boy; Caesars: Let’s make a deal

Big Gaming meets the Street

Posted on September 26, 2016 by David McKee

Deutsche Bank analyst Carlo Santarelli has been in town and conducting a busy schedule of meetings. Pride of place must go to Wynn Resorts, which declared the opening of Wynn Palace “very clean,” with “solid” VIP business. Hotel occupancy is … Continue reading →

Posted in Atlantic City, Boulder Strip, Boyd Gaming, California, Cannery Casino Resorts, Culinary Union, Economy, Glenn Straub, GLPI, Illinois, Louisiana, Macau, Marketing, Massachusetts, MGM Mirage, Mississippi, Missouri, North Las Vegas, Pinnacle Entertainment, Reno, Revel, Sheldon Adelson, Slot routes, Station Casinos, Steve Wynn, The Strip, Tribal, Wall Street | Comments Off on Big Gaming meets the Street

Adelson expands; Caesars sweetens the pot

Posted on September 23, 2016 by David McKee

Las Vegas Sands never did get around to building that historical museum it promised Bethlehem, Pennsylvania, and it finished its hotel in quick-and-dirty (and fugly) fashion. But that doesn’t mean that Sands is still clinging to CEO Sheldon Adelson‘s pronouncement … Continue reading →

Posted in Culinary Union, Donald Trump, Downtown, Economy, Harrah's, Pennsylvania, Regulation, Sheldon Adelson, Sports, Technology, Wall Street | Comments Off on Adelson expands; Caesars sweetens the pot