Category Archives: Sheldon Adelson

Nevada casinos wrangle with Buffett; Mashpee Wampanoag take the lead

Posted on March 8, 2016 by David McKee

We’ve written about the solar-panel installation atop Mandalay Bay‘s convention center and now the 20-acre array — soon to be the United States‘ largest — is making international headlines. The high priority on solar power at MGM Resorts International puts a … Continue reading →

Posted in Environment, Harrah's, Massachusetts, MGM Mirage, Mohegan Sun, Regulation, Sheldon Adelson, South Korea, Steve Wynn, Technology, The Strip, Tribal, Wall Street | Comments Off on Nevada casinos wrangle with Buffett; Mashpee Wampanoag take the lead

DFS’ stormy seas; Glimmer of hope for Macao

Posted on March 4, 2016 by David McKee

By charging blindly into uncharted waters, the daily fantasy sports industry has made a shipload of trouble for itself. Case in point, defunct (or at least comatose) DFS site FantasyUp. The latter pulled the rug out from under its customers, … Continue reading →

Posted in California, Environment, Harry Reid, Internet gambling, Macau, Melco Crown Entertainment, MGM Mirage, Politics, Regulation, Sheldon Adelson, Steve Wynn, Transportation, Wall Street | Comments Off on DFS’ stormy seas; Glimmer of hope for Macao

Painful progress for Seminole compact; Casinos dead in Georgia

Posted on March 1, 2016 by David McKee

It will be back to the negotiating table for Florida Gov. Rick Scott (R), if a state House of Representatives version of the compact with Seminole Tribe is accepted in the state Senate. The compromise version of the compact adds slots … Continue reading →

Posted in Florida, Georgia, GLPI, Horseracing, Maryland, Massachusetts, MGM Mirage, Penn National, Pinnacle Entertainment, Politics, Racinos, Regulation, Rhode Island, Seminole Tribe, Sheldon Adelson, Tourism, Unite-Here | 2 Comments

Scientific’s surprising results; Gaming advancing in Georgia

Posted on February 26, 2016 by David McKee

An upturn in the replacement cycle (8,990 slots shipped) helped Scientific Games post a 10% revenue increase last quarter. A mix of impairment charges, writedowns and consolidation costs led the mega-supplier to a $128 million loss for the quarter, but … Continue reading →

Posted in Atlantic City, Economy, Georgia, Illinois, International, Internet gambling, Macau, Massachusetts, Mohegan Sun, PokerStars, Problem gambling, Scientific Games, Sheldon Adelson, Steve Wynn, Technology, Transportation, Wall Street | 1 Comment

Wynn Everett’s uncertain destiny; Buyer for F-blew?

Posted on February 25, 2016 by David McKee

Forget those plans you were making to visit Wynn Everett. The casino resort won’t open until 2019, maybe later. Somerville Mayor Joseph Curtatone has thrown a monkey wrench into the works with his appeal of Wynn Resorts‘ waterside-construction permit. In … Continue reading →

Posted in Carl Icahn, Environment, Fontainebleau, Macau, Massachusetts, Sheldon Adelson, South Korea, Steve Wynn, The Strip | 1 Comment

Quote of the Day

Posted on February 24, 2016 by David McKee

“I’m not telling you anything.” — Sheldon Adelson, dissing the Wall Street Journal as he hightailed it out of the Republican caucus in his motorized wheelchair. Despite three endorsements from his Las Vegas Review-Journal, Adelson’s candidate, Sen. Marco Rubio (R), … Continue reading →

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Scarlet Pearl a hit; Adelson plays for time

Posted on February 22, 2016 by David McKee

Gulf Coast casino revenues grew 15% last month, topping the $100 million mark for the first time in eight years. Newbie Scarlet Pearl Casino is getting the credit for growing the market in such a dramatic fashion. Despite a decline … Continue reading →

Posted in Economy, Macau, Mississippi, New York, Sheldon Adelson, Taxes, Tribal | Comments Off on Scarlet Pearl a hit; Adelson plays for time

If at first you don’t succeed …

Posted on February 18, 2016 by David McKee

… try, try, try, try, try again. That’s the New Hampshire Lege, making its umpteenth attempt to legalize casino gambling. State Sen. Lou D’Allesandro (D) has crafted a bill that would bring VLTs and table games to Salem. The bill … Continue reading →

Posted in Alabama, California, Georgia, Harrah's, Horseracing, International, MGM Mirage, New Hampshire, Penn National, Politics, Sheldon Adelson, Tribal | Comments Off on If at first you don’t succeed …

New Jersey resumes sports-betting push; Sheldon Adelson gets his man

Posted on February 18, 2016 by David McKee

New Jersey is hoping the third time is the charm in its attempt to get sports betting OK’d by the Third Circuit Court of Appeals. With four major sporting leagues and the NCAA aligned against it, New Jersey’s is a … Continue reading →

Posted in ABBA, Atlantic City, Donald Trump, Election, Entertainment, International, Internet gambling, Macau, MGM Mirage, Pansy Ho, Politics, Regulation, Sheldon Adelson, Sports, The Strip | Comments Off on New Jersey resumes sports-betting push; Sheldon Adelson gets his man

Wall Street loves it some Boyd; Wolf at the door

Posted on February 17, 2016 by David McKee

Boyd Gaming came out with its figures for 4Q15 and Wall Street is fairly singing the company’s praises. “We believe that BYD’s diversified, domestic regional gaming portfolio should continue to benefit from continued U.S. jobs growth and lower gas prices. … Continue reading →

Posted in Atlantic City, Boyd Gaming, Downtown, Greenwood Racing, Hawaii, Internet gambling, Iowa, Kansas, Louisiana, Mohegan Sun, Pennsylvania, PokerStars, Sheldon Adelson, Taxes, Technology, Transportation, Wall Street | Comments Off on Wall Street loves it some Boyd; Wolf at the door

Winning quarter for Wynn

Posted on February 15, 2016 by David McKee

In the current era of managed expectations of all things related to Macao, the 4Q15 report from Wynn Resorts fell into the “better than anticipated” category, with earnings down ‘only’ 17% (superior to Wall Street consensus) and profits just over … Continue reading →

Posted in Economy, Florida, Georgia, Law enforcement, Macau, Melco Crown Entertainment, Nevada, Penn National, Pennsylvania, Regulation, Reno, Seminole Tribe, Sheldon Adelson, Steve Wynn, Texas, The Strip, Wall Street | Comments Off on Winning quarter for Wynn

Taunted in Taunton; Sands’ Chinese generosity

Posted on February 8, 2016 by David McKee

It was bound to happen and finally did: An activist group in Taunton has filed suit to stop the Mashpee Wampanoag tribe from building its dreamt-of casino, Project First Light. The litigants’ argument is as predictable as the filing itself. … Continue reading →

Posted in Macau, Massachusetts, Neil Bluhm, Regulation, Sheldon Adelson, Tribal | Comments Off on Taunted in Taunton; Sands’ Chinese generosity

Case Bets

Posted on February 2, 2016 by David McKee

Sheldon Adelson once called it “a mistake” but Sands Bethlehem is proving to be a bright spot on the Las Vegas Sands balance sheet. Last year, its profitability rose 9%, adding $108 million to Adelson’s coffers. As the CEO would … Continue reading →

Posted in Election, Macau, Maine, Maryland, MGM Mirage, Pennsylvania, Sheldon Adelson, Tribal | Comments Off on Case Bets

Big government wins in Atlantic City; Sheldon’s money grab

Posted on February 1, 2016 by David McKee

“From the looks on your faces, you don’t like ‘Kumbaya’ moments. I’m sorry for that. It’s time for some tough decisions and some pain as we move forward.” So said Atlantic City Mayor Don Guardian (R) as he acceded to a … Continue reading →

Posted in Atlantic City, Economy, Glenn Straub, Harrah's, LVCVA, Macau, Politics, Revel, Sheldon Adelson | Comments Off on Big government wins in Atlantic City; Sheldon’s money grab

Strip’s illusory Christmas present; A.C. Trop antes up

Posted on January 29, 2016 by David McKee

Las Vegas Strip gaming revenues were up 8% last month but Deutsche Bank analyst Carlo Santarelli is calling that headline “misleading,” the increase “purely optical.” Volume of table play was down 11% and slot coin-in was 2% less. But increased … Continue reading →

Posted in Atlantic City, Boulder Strip, Boyd Gaming, Downtown, Economy, Greenwood Racing, Harrah's, Internet gambling, Lake Tahoe, Laughlin, Macau, MGM Mirage, Mohegan Sun, Neil Bluhm, Nevada, North Las Vegas, Penn National, Pennsylvania, Reno, Sheldon Adelson, Technology, The Strip, Tropicana Entertainment, Wall Street | Comments Off on Strip’s illusory Christmas present; A.C. Trop antes up

Meet the candidates; Even when Adelson loses, he wins

Posted on January 28, 2016 by David McKee

One of the many first-ever things that Geoff Freeman has done to remake the American Gaming Association in his image is compile a voting guide for industry workers, walking them through the primary and caucus processes in their states, and … Continue reading →

Posted in Economy, Election, Geoff Freeman, Macau, Maryland, Pennsylvania, Politics, Regulation, Sheldon Adelson, Sports, The Strip, Tribal, Wall Street | Comments Off on Meet the candidates; Even when Adelson loses, he wins

Quote of the Day

Posted on January 26, 2016 by David McKee

“I guess [the Sands general counsel] could have filed something that said, ‘Dear Public: Our chairman is a little cuckoo.’” — Las Vegas Sands CEO Sheldon Adelson, testifying to the impairment of his job performance caused by painkillers. Interestingly, now … Continue reading →

Posted in Macau, Sheldon Adelson | Comments Off on Quote of the Day

Another card room busted; Station becomes Red Rock

Posted on January 22, 2016 by David McKee

Scarcely was the ink dry on the American Gaming Association‘s proclamation of improved anti-money-laundering compliance than a plea-bargaining agreement was revealed involving the Normandie Casino, a venerable Gardena, California, card room. According to the Los Angeles Times, the Normandie “failed … Continue reading →

Posted in California, Economy, Geoff Freeman, Internet gambling, Law enforcement, Macau, Massachusetts, MGM Mirage, Neil Bluhm, Pennsylvania, Sheldon Adelson, Station Casinos, Tribal, Wall Street | Comments Off on Another card room busted; Station becomes Red Rock

Big win for Icahn; Boffo year for Pennsylvania

Posted on January 19, 2016 by David McKee

No further obstacles should remain to a Carl Icahn takeover of ailing Trump Taj Mahal after an appeals court found in favor of wage- and health-care rollbacks at the Atlantic City casino. Unite-Here Local 54 and the workers it represents … Continue reading →

Posted in Atlantic City, Carl Icahn, Cordish Co., International, Internet gambling, Nevada, Pennsylvania, Regulation, Sheldon Adelson, Taxes, Trump Entertainment Resorts, Unite-Here | Comments Off on Big win for Icahn; Boffo year for Pennsylvania

Brokeback Adelson; McDowell calls it a day

Posted on January 14, 2016 by David McKee

Sheldon Adelson must be wishing he could quit Michael Schroeder. He’s the loud tin can tied to the back of the Adelson limousine whose incessant rattling continues to draw attention to the casino tycoon’s foray into U.S. new media. Schroeder, … Continue reading →

Posted in Isle of Capri, MGM Mirage, Sheldon Adelson | Comments Off on Brokeback Adelson; McDowell calls it a day