Category Archives: Sheldon Adelson

Cold comfort for Wynn; Nebraska racino initiative crashes and burns

Posted on August 12, 2016 by David McKee

As Wynn Resorts predicted in its last earnings call, it will get more table games from the Macao government after Wynn Palace opens … 50 tables, phased in over two years. That’s a pretty mingy allocation but is in line … Continue reading →

Posted in Australia, Downtown, Election, Law enforcement, Macau, MGM Mirage, Nebraska, Philippines, Racinos, Regulation, Sheldon Adelson, Steve Wynn, Technology, Wall Street | 1 Comment

Stratosphere bucks consumer trend; New way to bet coming to Nevada

Posted on August 12, 2016 by David McKee

Better slot play, stronger restaurant business and greater hotel occupancy (which drove up rates) conspired to improve American Casino & Entertainment Properties‘ revenue and profitability in 2Q16. Net revenue — i.e., not profit — is on a 10-month upward roll, … Continue reading →

Posted in ACEP, Animals, Boulder Strip, Laughlin, MGM Mirage, Pennsylvania, PokerStars, Regulation, Sheldon Adelson, Sports, Technology, The Strip, Tourism | Comments Off

New vibe for Venetian; Atlantic City workers flee to D.C.

Posted on August 9, 2016 by David McKee

For the first time in 17 years, The Venetian is using TV advertising. We’re not only impressed by the length of the abstention but also by the fact that Las Vegas Sands has done so well without the assistance of … Continue reading →

Posted in Atlantic City, Cosmopolitan, Election, Entertainment, Environment, Harrah's, Marketing, Maryland, MGM Mirage, Sheldon Adelson, The Strip, TV | Comments Off

Quote of the Day

Posted on August 8, 2016 by David McKee

“Except for [Glenn] Cook, who is now the R-J’s managing editor, all of the staff members are no longer with the news organization.” — the Las Vegas Sun, reporting on the bestowing of a Society of Professional Journalists 2015 Ethics … Continue reading →

Posted in Sheldon Adelson | Comments Off

Isaacs moves on; 50 years of Laughlin

Posted on August 5, 2016 by David McKee

Gavin Isaacs will be taking it easy, the CEO of Scientific Games is moving up to vice chairman, his CEO’s chair to be filled by former Norwegian Cruise Line executive Kevin M. Sheehan. If anybody’s earned the right to take … Continue reading →

Posted in Aristocrat, Australia, Bally Technologies, Boyd Gaming, Cannery Casino Resorts, Harrah's, history, Illinois, Laughlin, Macau, Melco Crown Entertainment, North Las Vegas, Philippines, Scientific Games, Sheldon Adelson, Shuffle Master, Slot routes, Steve Wynn | Comments Off

Steve Wynn cuts room rates; What kind of slot would you play?

Posted on August 4, 2016 by David McKee

Wynn Palace is still a few weeks away from opening but it’s already sending mixed signals, in terms of its room rates. Midweek, rooms are listing for $243, down from $256 a night. However, Saturday-night rates have been boosted from … Continue reading →

Posted in Atlantic City, Australia, IGT, Macau, Sheldon Adelson, Steve Wynn, Technology, Wall Street | 1 Comment

Trailer trash in Boston; New crisis looms in Atlantic City

Posted on July 28, 2016 by David McKee

Massachusetts lawmakers may have thought they’d settled the question of casinos in the Bay State when they voted to baptize three resorts and slot parlor. However, thanks to a ruling by state Attorney General Maura Healey, a ballot question here … Continue reading →

Posted in Atlantic City, Economy, Election, Horseracing, Lawrence Ho, Macau, Maine, Marketing, Massachusetts, Melco Crown Entertainment, Regulation, Sheldon Adelson | 1 Comment

Analysts: Buy Penn!; Veteran columnist calls it quits

Posted on July 28, 2016 by David McKee

According to J.P. Morgan analyst Joseph Greff, “meaningful contributions” from the Tropicana Las Vegas, Plainridge Park Casino and Illinois slot route Prairie State Gaming drove a 14.5% improvement in Penn National Gaming‘s cash flow last quarter. M Resort hit a … Continue reading →

Posted in Alabama, California, Economy, Election, Entertainment, Fontainebleau, Illinois, M Resort, Marketing, Massachusetts, MGM Mirage, Penn National, Politics, Sheldon Adelson, Slot routes, Station Casinos, The Strip, Tribal, Wall Street | Comments Off

Poker players 1, Adelson 0; Competition in Maryland gets ugly

Posted on July 27, 2016 by David McKee

For the first time in anyone’s recollection, the Republican Party has dropped its opposition to Internet poker from the election platform. It’s a win for the Poker Players Alliance, which lobbied for the change of heart. This doesn’t mean the … Continue reading →

Posted in Cordish Co., Donald Trump, Election, Harrah's, Indiana, Marketing, Maryland, MGM Mirage, Politics, Sheldon Adelson | Comments Off

Plainridge Park hits the one-year mark; Pennsylvania casinos spurn booze tax

Posted on July 27, 2016 by David McKee

Recording its first anniversary with a reported $160 million in revenue, against projections closer to $300 million, is Penn National Gaming‘s Plainridge Park a dud? Not so fast. The casino reports the highest win/slot/day by far of any casino for … Continue reading →

Posted in Atlantic City, Boyd Gaming, Election, Internet gambling, Massachusetts, MGM Mirage, Neil Bluhm, New York, Penn National, Pennsylvania, PokerStars, Regulation, Revel, Rhode Island, Sheldon Adelson, Steve Wynn, Taxes, Tribal | Comments Off

Wynn Boston Harbor a ‘go’; Caesars’ big score

Posted on July 25, 2016 by David McKee

Depending on how peevish Somerville Mayor Joseph Curtatone is feeling, groundbreaking on Wynn Boston Harbor could be a week away. Wynn Resorts‘ acknowledgement of its latest victory contained just a hint of battle fatigue, saying the rejection of Curtatone’s arguments “hopefully … Continue reading →

Posted in California, Dining, Environment, Florida, Genting, Harrah's, International, Internet gambling, Massachusetts, Regulation, Sheldon Adelson, Singapore, Steve Wynn, Taxes, Tourism | Comments Off

Tomato King gets squashed; California, the wild, wild west of gambling

Posted on July 25, 2016 by David McKee

So much for Lawrence Downs Casino & Racing Resort. In a unanimous vote, the Pennsylvania Gaming Control Board decided to drop-kick the casino project, which had already lost the backing of Penn National Gaming, which has racino interests nearby in Ohio. What seems … Continue reading →

Posted in California, Dan Gilbert, Election, Geoff Freeman, Law enforcement, Macau, Ohio, Penn National, Pennsylvania, Politics, Regulation, Sheldon Adelson, Sports, Tomato King Procacci | Comments Off

The card-room hustle; Sheldon, can you spare $6 million?

Posted on July 15, 2016 by David McKee

“In the 16 years we’ve been down there, I’ve paid the city $80.5 million in tax revenue. We saved the city from bankruptcy. We’ve been paying the city payroll including the Police Department for the last 16 years and I don’t … Continue reading →

Posted in California, Election, Internet gambling, Iowa, Ohio, Oklahoma, Sheldon Adelson, Taxes, Tribal, Warner Gaming | Comments Off

“Baz” in my bonnet; Moulin Rouge back in play

Posted on July 14, 2016 by David McKee

Palazzo is currently hosting the second coming of Baz: Star-Crossed Love, a song-and-dance mishmash of iconic moments from such Baz Luhrmann epics as Gatsby, Moulin Rouge and Romeo + Juliet. (What, nothing from Australia? Awwwww.) There’s even a passing nod … Continue reading →

Posted in Downtown, Entertainment, Moulin Rouge, Movies, Regulation, Sheldon Adelson, The Strip | Comments Off

Casinos invest in Illinois slot routes; More turmoil in Adelsonia; MGM takes proxy war to Capitol Hill

Posted on July 11, 2016 by David McKee

After having spent four years being clobbered by slot routes (the installed slot base has reached 23,406 machines), Illinois casinos have decided they’d rather switch than fight. Investors in Rivers Casino have purchased a stake in lead operator Acel Entertainment … Continue reading →

Posted in Atlantic City, Foxwoods, Glenn Straub, Illinois, MGM Mirage, Mohegan Sun, Neil Bluhm, New York, Penn National, Politics, Revel, Sheldon Adelson, Slot routes, Vietnam | Comments Off

Station trumps stadium selection

Posted on July 8, 2016 by David McKee

Station Casinos has vaulted to the forefront of the parties vying to host an NFL-size stadium on their property. While Station’s vast real estate bank has long been viewed as the ace up its sleeve, the company has had difficulty … Continue reading →

Posted in Architecture, Lucky Dragon, MGM Mirage, Riviera, Sheldon Adelson, SLS Las Vegas, Sports, Station Casinos, The Strip, Transportation | Comments Off

What’s the verdict, Jack, er, Dan?; AGA & NIGA join forces

Posted on July 7, 2016 by David McKee

Cleveland Cavaliers playoff games were good for Dan Gilbert‘s casino businesses. His Jack Cleveland casino was up 13%, to $16 million last month. It’s far too soon for a verdict on the “Jack” (as in “up yours, asshole”) brand, which … Continue reading →

Posted in Dan Gilbert, Eldorado Resorts, G2E, Geoff Freeman, Hard Rock International, Internet gambling, Marketing, Massachusetts, MGM Mirage, Ohio, Penn National, Pennsylvania, Pinnacle Entertainment, Sheldon Adelson, Slot routes | Comments Off

Vegas: Weak on Strip, robust in locals play

Posted on June 30, 2016 by David McKee

One less weekend and a tough comparison with last year’s Mayweather-Pacquiao charade translated into a weak May for both the Las Vegas Strip, down 12%, and Nevada casinos in general, 4.5% off the pace. There were some sort of bright … Continue reading →

Posted in Boulder Strip, Boyd Gaming, Downtown, Internet gambling, Lake Tahoe, Laughlin, Macau, Nevada, North Las Vegas, Pansy Ho, Pennsylvania, Reno, Sheldon Adelson, Stanley Ho, Station Casinos, The Strip, Wall Street | Comments Off

Riviera site to become a stadium?; Cordish, MGM face off in Maryland

Posted on June 28, 2016 by David McKee

It’s anything but certain that the [your city here] Raiders are coming to Las Vegas, but our civic leaders are moving ahead as though it were a done deal. The preferred site for a Las Vegas Sands-backed stadium, on Tropicana … Continue reading →

Posted in California, Cordish Co., Entertainment, Harrah's, International, Louisiana, LVCVA, Marketing, Maryland, MGM Mirage, Penn National, Politics, Riviera, Sheldon Adelson, Sports, The Strip, Tribal | 1 Comment

The meddlesome Adelson; Wynn Palace postponed again

Posted on June 27, 2016 by David McKee

“Essentially, Pechanga and its allies see no reason to compromise, even an inch,” wrote California Online Poker‘s Steve Ruddock of the intractable position of the Pechanga and Agua Caliente tribes, and their anti-PokerStars allies (who include Sheldon Adelson, meddling in … Continue reading →

Posted in Arkansas, California, Churchill Downs, Election, Foxwoods, Horseracing, Internet gambling, Louisiana, Macau, Marketing, Massachusetts, MGM Mirage, Mohegan Sun, Penn National, Politics, Regulation, Scientific Games, Sheldon Adelson, Steve Wynn, Taxes, Technology, Tribal, Wall Street | Comments Off