Category Archives: Sheldon Adelson

Tipping point in Pennsylvania near; Cirque du NFL

Posted on June 23, 2016 by David McKee

“I think gaming expansion money in one form or another is necessary for this budget process to be complete,” spoke Pennsylvania House Majority Leader Dave Reed (R). With Gov. Tom Wolf (D, right) having given way on sales-tax and income-tax … Continue reading →

Posted in Cirque du Soleil, Economy, International, Internet gambling, Lawrence Ho, Macau, Marketing, Melco Crown Entertainment, MGM Mirage, Mississippi, Pennsylvania, Politics, Sheldon Adelson, Slot routes, Sports, Station Casinos, Steve Wynn, Taxes, The Strip, Wall Street | Comments Off on Tipping point in Pennsylvania near; Cirque du NFL

Indiana celebrates 20 years of casinos; Racinos gain traction in Nebraska

Posted on June 13, 2016 by David McKee

“I read that one of the steel plants is closing more lines. We have 70 jobs open right now,” says Horseshoe Hammond General Manager Dan Nita, alluding to the resiliency of the Indiana casino industry, which is celebrating 20 years. … Continue reading →

Posted in Ameristar, Don Barden, Donald Trump, Economy, Election, Entertainment, Genting, Harrah's, Indiana, Iowa, Majestic Star, Marketing, Minnesota, Nebraska, Pinnacle Entertainment, Sheldon Adelson, Singapore, Tribal, Warner Gaming | Comments Off on Indiana celebrates 20 years of casinos; Racinos gain traction in Nebraska

High-stakes legal challenge in Florida; Free-for-all in New York

Posted on June 7, 2016 by David McKee

A relatively obscure dispute in the Florida panhandle could have huge ramifications for the state’s casino industry. Four years ago, voters in Gadsden County approved slot machines for Gretna Racing, a joint venture of two Tallahassee lobbyists and the Poarch Bank … Continue reading →

Posted in Architecture, Atlantic City, Delaware, Economy, Election, Florida, Genting, Harrah's, Horseracing, Internet gambling, MGM Mirage, Nevada, New York, Politics, Racinos, Regulation, Seminole Tribe, Sheldon Adelson, The Strip | Comments Off on High-stakes legal challenge in Florida; Free-for-all in New York

Caesars seeks taxpayer bailout; Sands lawsuit suddenly vanishes

Posted on June 3, 2016 by David McKee

You’ve got to hand it to Caesars Entertainment: It is truly shameless. The company went to the Internal Revenue Service seeking a “a tax-free separation” for REIT-to-be Caesars Entertainment Operating Co., claiming that if it had to pay taxes that … Continue reading →

Posted in Arkansas, Election, Harrah's, Internet gambling, New York, Pennsylvania, Politics, Sheldon Adelson, Taxes | Comments Off on Caesars seeks taxpayer bailout; Sands lawsuit suddenly vanishes

Quote of the Day

Posted on June 3, 2016 by David McKee

“I was a little bit embarrassed for them that they would perpetuate the notion that people sitting around in the suburbs of Las Vegas and Henderson and Boulder City are sitting around on Sunday afternoons saying, ‘I wish we had … Continue reading →

Posted in LVCVA, MGM Mirage, Sheldon Adelson, Sports | Comments Off on Quote of the Day

Monte Carlo, meet Park MGM; Wynn, Adelson, Barrack help Trump

Posted on June 3, 2016 by David McKee

In the end, MGM Resorts International CEO Jim Murren couldn’t decide between “The Park” and “The Park at MGM Grand” as the new name for Monte Carlo, so he dubbed it Park MGM, which sounds like someplace you leave your … Continue reading →

Posted in Charity, Colony Capital, Donald Trump, Entertainment, Environment, Harrah's, Massachusetts, MGM Mirage, Michael Gaughan, Sheldon Adelson, Sports, Station Casinos, Steve Wynn, The Strip, Transportation | Comments Off on Monte Carlo, meet Park MGM; Wynn, Adelson, Barrack help Trump

Raiders to Vegas? Don’t bet against it

Posted on June 2, 2016 by David McKee

The boulder that is Mark Davis‘ and Sheldon Adelson‘s attempt to move the [your city here] Raiders to Las Vegas is gaining momentum as it rumbles downhill. The growing support among NFL owners is not unconditional. Sin City would be one … Continue reading →

Posted in Architecture, Atlantic City, Carl Icahn, history, LVCVA, Macau, Massachusetts, MGM Mirage, Oklahoma, Sheldon Adelson, Sports, The Strip, Tourism, Tropicana Entertainment, Trump Entertainment Resorts, Unite-Here, Wall Street | Comments Off on Raiders to Vegas? Don’t bet against it

Lucky Dragon forges ahead; Calm urged in Macao

Posted on May 31, 2016 by David McKee

By this point, it’s hardly news that Lucky Dragon Casino is on track to open in December, breathing some additional life into the north Strip (we hope). However, Lucky Dragon execs continue to argue that they should have received tax-increment … Continue reading →

Posted in Economy, International, Lucky Dragon, Macau, Marketing, Regulation, Sheldon Adelson, Taxes, The Strip, Tourism | Comments Off on Lucky Dragon forges ahead; Calm urged in Macao

Sheldon’s big surprise; AGA attacks NFL silliness

Posted on May 25, 2016 by David McKee

Sheldon Adelson is feeling bullish on the Las Vegas market these days. Undeterred by the debut of T-Mobile Arena, he is proposing a 17,500-seat concert venue, to be built on underutilized land behind Venelazzo. Adelson has formed a consortium with … Continue reading →

Posted in Architecture, California, Downtown, Entertainment, Geoff Freeman, history, Hooters, Internet gambling, MGM Mirage, Ohio, Pennsylvania, Sheldon Adelson, Sports, Texas, The Strip | Comments Off on Sheldon’s big surprise; AGA attacks NFL silliness

Caesars’ slippery slope; Parx, Sands lead Pennsylvania

Posted on May 19, 2016 by David McKee

In 20 years of covering the gaming industry, I have rarely seen an example of looting a company so brazen as the “sale” of Total Rewards from Caesars Entertainment Operating Co. to parent Caesars Entertainment for $0.00. And since Big … Continue reading →

Posted in Boyd Gaming, Churchill Downs, Cordish Co., Dining, Eldorado Resorts, Entertainment, Greenwood Racing, Harrah's, Isle of Capri, Kansas, Louisiana, Mohegan Sun, Neil Bluhm, Oklahoma, Penn National, Pennsylvania, Pinnacle Entertainment, Planet Hollywood, Sheldon Adelson, Texas, Tribal | Comments Off on Caesars’ slippery slope; Parx, Sands lead Pennsylvania

Top Golf’s impressive debut; Lucky Dragon’s calculated risk

Posted on May 18, 2016 by David McKee

“My only problem is A.D.D.” read the T-shirt of one of the celebrants at last night’s opening of Top Golf, on the MGM Grand campus. He was certainly in the right place. If you are serious about honing your skills, … Continue reading →

Posted in Boyd Gaming, Churchill Downs, Entertainment, Foxwoods, G2E, Geoff Freeman, Illinois, Internet gambling, Law enforcement, Lucky Dragon, Macau, Marketing, MGM Mirage, Mohegan Sun, Pennsylvania, Philippines, Regulation, Sheldon Adelson, SLS Las Vegas, Sports, Station Casinos, Technology, The Strip | Comments Off on Top Golf’s impressive debut; Lucky Dragon’s calculated risk

Adelson bill makes unwelcome return; Downtown Vegas’ new face

Posted on May 16, 2016 by David McKee

His presidential aspirations having turned to dust, Sen. Lindsey Graham (R) is back to doing Sheldon Adelson‘s business, resurrecting RAWA. He has appended to an unrelated spending bill the following language: “Internet Gambling—Since 1961, the Wire Act has prohibited nearly all … Continue reading →

Posted in Atlantic City, California, Dining, Downtown, Entertainment, Internet gambling, Law enforcement, Massachusetts, MGM Mirage, PokerStars, Regulation, Sheldon Adelson, The Strip | Comments Off on Adelson bill makes unwelcome return; Downtown Vegas’ new face

Palms purchase confirmed; Adelson gets rapped

Posted on May 12, 2016 by David McKee

It’s official: Red Rock Resorts has purchased The Palms for $312.5 million. It got a bargain when one considers the inventory that comes with the deal — the Palms Place condo tower, 710 hotel rooms, 85 of the most famous … Continue reading →

Posted in Culinary Union, Economy, Law enforcement, Macau, Palms, Philippines, Regulation, Sheldon Adelson, Station Casinos, The Strip | 1 Comment

Macao: No more tables for you

Posted on May 9, 2016 by David McKee

When Macao authorities imposed caps on table-game allotments, Western casino companies condescendingly said that the Chinese didn’t really mean it and would lift the caps as the Cotai Strip was built out. Guess again. Secretary for Economy & Finance Lionel Leong said … Continue reading →

Posted in Economy, Harrah's, Macau, MGM Mirage, Regulation, Sheldon Adelson, Stanley Ho, Steve Wynn | Comments Off on Macao: No more tables for you

Warm spring for Indiana; Trouble ahead for Packer and Ho

Posted on May 9, 2016 by David McKee

While Illinois casinos were flat last month, the action was livelier next door in Indiana. Admissions declined 4%, meaning that players were spending 9%, as casino revenues rose 5%. The percentage champion was Tropicana Evansville, up 17% on an $11 … Continue reading →

Posted in Ameristar, Boyd Gaming, Donald Trump, Full House Resorts, Harrah's, Indiana, International, James Packer, Lawrence Ho, Macau, Majestic Star, Melco Crown Entertainment, Penn National, Pinnacle Entertainment, Racinos, Sheldon Adelson, Steve Wynn, Tropicana Entertainment, Wall Street | 1 Comment

MGM wows Wall Street; Lucky Dragon clears major hurdle

Posted on May 6, 2016 by David McKee

Stock analysts were expecting MGM Resorts International to report 1Q16 cash flow of $590 million but the lion overshot projections, bringing in the sheaves to the tune of $618 million. JP Morgan analyst Joseph Greff credited much of the success … Continue reading →

Posted in Cirque du Soleil, CityCenter, Detroit, Entertainment, James Packer, Lucky Dragon, LVCVA, Macau, Melco Crown Entertainment, MGM Mirage, Mississippi, Sheldon Adelson, SLS Las Vegas, Steve Wynn, The Strip, Wall Street | Comments Off on MGM wows Wall Street; Lucky Dragon clears major hurdle

Brockton casino nixed; The sleeping tiger

Posted on May 2, 2016 by David McKee

An “uninspiring” design and a lack of a solid Brockton business plan scuppered Neil Bluhm‘s ambitions in Massachusetts. The state’s gaming commission voted his proposal down, 4-1. “If this were a knockout proposal and a great strategy to lift Brockton, this … Continue reading →

Posted in Delaware, Economy, International, Massachusetts, Neil Bluhm, Politics, Racinos, Regulation, Sheldon Adelson, Singapore, Taxes, Tribal | 2 Comments

Macao junketeers left holding the bag; Lionel Richie wows the ladies

Posted on April 28, 2016 by David McKee

We could see another shakeout in Macao junket operators. According to Daiwa Securities Group, most of the industry is “struggling just to break even.” Part of that problem is that they’re carrying almost $3,9 billion in bad debt — and you … Continue reading →

Posted in Australia, Economy, Entertainment, Foxwoods, International, Macau, Marketing, Melco Crown Entertainment, Mohegan Sun, Penn National, Planet Hollywood, Regulation, Sheldon Adelson, South Dakota, Sports, Steve Wynn, Taxes, The Strip, Tribal, Wall Street | Comments Off on Macao junketeers left holding the bag; Lionel Richie wows the ladies

Fertittas strike it rich(er); Boyd surprises analysts

Posted on April 27, 2016 by David McKee

Red Rock Resorts — aka Station Casinos — split the difference in Wall Street‘s expectations of this week’s IPO, debuting a $19.50 (Street estimates ranged from $18 to $21 a share). Unfortunately, unlike the MGM Growth Partners offering, the goal … Continue reading →

Posted in Atlantic City, Boulder Strip, Boyd Gaming, Cannery Casino Resorts, Hawaii, history, MGM Mirage, Mississippi, North Las Vegas, Reno, Sheldon Adelson, Sports, Station Casinos, The Strip, Tourism, Wall Street | Comments Off on Fertittas strike it rich(er); Boyd surprises analysts

Quote of the Day

Posted on April 26, 2016 by David McKee

“I learned many years ago about the importance of not punching down in weight class. You don’t hit ‘little people’ in this craft, you defend them. In Las Vegas, a quintessential company town, it’s the blowhard billionaires and their political … Continue reading →

Posted in Sheldon Adelson, Steve Wynn | 2 Comments