Category Archives: Sheldon Adelson

Quote of the Day

Posted on June 10, 2015 by David McKee

“Indonesia is not going to have gaming. Malaysia is not going to have increased gaming. Vietnam is a giant question mark and doesn’t have that many players. So you are left with only Singapore and Malaysia, and Chinese individuals living … Continue reading →

Posted in International, Sheldon Adelson, Singapore, Vietnam | Comments Off

Case Bets: Club Fortune, NFL, PokerStars

Posted on June 10, 2015 by David McKee

“Loose sluts!”, cries the grandmotherly-looking woman at 00:13 in this Club Fortune Casino commercial (so bad it never gets old). Those days may soon be over once Nevada Gold‘s purchase of Club Fortune closes. Having obtained the property for a … Continue reading →

Posted in Boulder Strip, Geoff Freeman, Internet gambling, PokerStars, Regulation, Sheldon Adelson, Sports | Comments Off

Hard Rock, Resorts World put their chips on the table

Posted on June 8, 2015 by David McKee

While New Jersey politicians bicker over the timing of a constitutional referendum for adding northerly casinos, Hard Rock International unveiled a detailed picture of its plans for its desired Meadowlands casino (a site favored by 73% of voters polled, although … Continue reading →

Posted in Architecture, Atlantic City, CityCenter, Economy, Election, Genting, Glenn Straub, Hard Rock Hotel, Hard Rock International, Horseracing, Macau, New York, Pennsylvania, Sheldon Adelson, Stanley Ho, Steve Wynn, The Strip, Tourism | Comments Off

Kansas gets down to brass tacks; Lindsey Graham, man of mystery

Posted on June 2, 2015 by David McKee

After years of waiting, the fate of Kansas‘ seemingly unwanted fourth casino license, long in abeyance came down to three-and-a-half hours of presentations by a trio of rival bidders. The Kansas Lottery Gaming Facilities Review Board will make its choice by … Continue reading →

Posted in Internet gambling, Kansas, New York, Palms, Phil Ruffin, Politics, Regulation, Sheldon Adelson, Taxes, Tribal, World Series of Poker | Comments Off

May in Macao: Hey, it could be worse; Wynn in Boston: Why not?

Posted on June 1, 2015 by David McKee

That’s Wall Street‘s spin on a 37% decline in May gambling revenues. Writes Carlo Santarelli of Deutsche Bank, “We view the tightening with forecasts … as a modest positive for the group and an indication of a forming bottom.” In other … Continue reading →

Posted in Japan, Massachusetts, Penn National, Regulation, Sam Nazarian, Sheldon Adelson, Stanley Ho, Steve Wynn, Tourism, Transportation, Wall Street | Comments Off

Good April for Vegas; Frankie the Fish and Sister Sandra

Posted on May 29, 2015 by David McKee

Baccarat play on the Las Vegas Strip improved by double-digit numbers for the second month in a row, up 14% in April, contributing to an 8% upward surge on the Strip. Baccarat revenues rose 5%, while all other table games … Continue reading →

Posted in Australia, Boyd Gaming, Donald Trump, Downtown, Economy, Lake Tahoe, Laughlin, Macau, Marketing, Mississippi, North Las Vegas, Philippines, Politics, Regulation, Reno, Sheldon Adelson, Station Casinos, The Strip, Vietnam | Comments Off

Caesars pays some, denies others; Adelson’s blunderbuss bill

Posted on May 27, 2015 by David McKee

Who knew that Gary Loveman was a creditor of Caesars Entertainment? His compensation package has been identified as among those adversely affected by Caesars Entertainment Operating Co.’s bankruptcy. The Chapter 11 proceeding has impacted five deferred-compensation plans, two of which will … Continue reading →

Posted in Cantor Gaming, GLPI, Harrah's, Illinois, International, Politics, Racinos, Regulation, Sheldon Adelson, Technology | Comments Off

Atlantic City rings the cash register; Adelson loses (again)

Posted on May 26, 2015 by David McKee

Operating profits in Atlantic City don’t tell the whole story: The Showboat was notoriously in the black when Caesars Entertainment closed it but the company said it was running at a loss … thanks to interest payments with which CEO … Continue reading →

Posted in Atlantic City, Boyd Gaming, Dennis Gomes, Economy, Genting, Harrah's, Macau, Melco Crown Entertainment, Mississippi, Mohegan Sun, Sheldon Adelson, Stanley Ho, Steve Wynn, Trump Entertainment Resorts | Comments Off

Sheldon steps in it; Tomato King to the rescue

Posted on May 21, 2015 by David McKee

Las Vegas Sands‘ CEO Sheldon Adelson’s pet piece of legislation, “Restoring America’s Wire Act” turns out to have a raft of unintended consequences, several of which would kneecap the casino industry. For one, it would ban mobile gambling, which is … Continue reading →

Posted in International, Penn National, Pennsylvania, Politics, Racinos, Regulation, Sheldon Adelson, Sports, Technology, Tomato King Procacci | Comments Off

MGM rebellion quashed; No ‘Net poker for Mississippi

Posted on May 20, 2015 by David McKee

Jonathan Litt‘s battle for control of MGM Resorts International‘s destiny is over almost before it was begun. His Land & Buildings firm has dropped its slate of candidates for the MGM board of directors, after failing to gain traction with … Continue reading →

Posted in Environment, Internet gambling, MGM Mirage, Mississippi, Sheldon Adelson, Sports, Steve Wynn, Taxes, The Strip, Wall Street | Comments Off

New life for the Trop?; Paragon’s latest trophy

Posted on May 14, 2015 by David McKee

David G. Schwartz muses on the brave, new world at the Tropicana Las Vegas — soon with 100% more Penn National Gaming. He assesses it as a win for both parties. Penn gets a foothold at a strategic crossroads on … Continue reading →

Posted in Alex Yemenidjian, Baseball, Colony Capital, Columbia Sussex, Donald Trump, Entertainment, Hard Rock Hotel, history, M Resort, MGM Mirage, Penn National, Riviera, Sahara, Sheldon Adelson, Singapore, Station Casinos, The Strip, Transportation, Westgate LV | Comments Off

Long road back for Macao; Phua case becomes a federal obsession

Posted on May 13, 2015 by David McKee

Macao‘s status as shorthand for “corruption” got another bump this week when it was announced that former bureaucrat Li Huabo had gambled away $4 million in the casino enclave, then absconded with $16 million in stolen. As deleterious as that … Continue reading →

Posted in Australia, Downtown, Economy, Harrah's, Macau, Philippines, Sheldon Adelson, SLS Las Vegas, Sports, The Strip, Tourism, Vietnam, Wall Street | Comments Off

Caesars rethinks pensions; Bluhm wins in Massachusetts

Posted on May 13, 2015 by David McKee

Caesars Entertainment has been feeling the heat for cutting off pension payments to 340 current and former executives. By lumping them in with other unsecured creditors, it gave itself a rationale for the severed payouts, leaving the pensioners to face … Continue reading →

Posted in Foxwoods, Harrah's, Massachusetts, Neil Bluhm, Regulation, Sheldon Adelson, The Strip | 1 Comment

Et tu, Harry?; It’s a new era in Manila

Posted on May 12, 2015 by David McKee

Now that Sen. Harry Reid (D) has one foot out the door on Capitol Hill, he’s turning on the casino companies — particularly Caesars Entertainment — that helped him stay in power five years ago. Just when Sen. Lindsey Graham‘s … Continue reading →

Posted in Atlantic City, Delaware, Genting, Harrah's, Harry Reid, Internet gambling, Kazuo Okada, Melco Crown Entertainment, MGM Mirage, Philippines, Politics, Regulation, Sheldon Adelson, Singapore | Comments Off

Pence ultimately gets it right

Posted on May 11, 2015 by David McKee

WDRB 41 Louisville News After months of Hamlet-worthy public agonizing, Indiana Gov. Mike Pence (R) did the right thing by doing nothing. Satisfied that it was not his never-defined “expansion” of gambling, he decided to let a casino-reform bill that … Continue reading →

Posted in Economy, Indiana, Kentucky, Macau, Politics, Racinos, Regulation, Sheldon Adelson | Comments Off

Why is this man smiling?; Adelson’s latest antics

Posted on May 8, 2015 by David McKee

Bankruptcy’s been good to Caesars Entertainment. For CEO Gary Loveman‘s final earnings call prior to yielding his title to Mark Frissora, the company gift-wrapped him a $7.6 billion profit on net revenue of $1 billion. If that sounds surrealistic, it’s due to … Continue reading →

Posted in Atlantic City, Harrah's, Internet gambling, Maryland, Penn National, Pennsylvania, Politics, Regulation, Scientific Games, Sheldon Adelson, Steve Wynn, The Strip, Wall Street, West Virginia | Comments Off

Crystals for sale again; Hit-and-run Sheldon

Posted on May 5, 2015 by David McKee

MGM Resorts International isn’t hurting for cash, having just posted a $170 million profit for 1Q15, far outstripping analysts’ projections (and despite an 11% falloff due to Macao). However, its Crystals shopping mall is back on the market, carrying a $1 … Continue reading →

Posted in Economy, history, Macau, MGM Mirage, Riviera, Sheldon Adelson, SLS Las Vegas, Sports, The Strip, Westgate LV | Comments Off

Ohio casinos: Half a loaf better than none; Brighter days for Macao?

Posted on May 4, 2015 by David McKee

Ohio cities are trying to use casino revenues to keep pace with Gov. John Kasich‘s austerity regime — and partly succeeding. “It is an important part of the budget, particularly when you look at the fact the state has eliminated almost … Continue reading →

Posted in Economy, Environment, history, Macau, Melco Crown Entertainment, MGM Mirage, Ohio, Penn National, Philippines, Racinos, Sheldon Adelson, Steve Wynn, Taxes, Wall Street | Comments Off

The world according to Wynn

Posted on May 1, 2015 by David McKee

Nobody likes a sore winner and Steve Wynn has nothing but unkind words for Elaine Wynn, a week after she was voted off the Wynn Resorts board. His dismissive attitude toward her criticisms of the board’s composition makes me skeptical … Continue reading →

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

Wynn frustrated with Macao; Adelson vs. Adelson

Posted on April 30, 2015 by David McKee

“Macau giveth and Macau taketh away for Wynn Resorts.” With that sentence the Las Vegas Review-Journal‘s Richard Velotta pithily summarized the precipitous reliance that Wynn and other Macanese operators have on that unpredictable market. “Our hopes for a turnaround during Chinese … Continue reading →

Posted in Economy, history, Macau, Regulation, Sheldon Adelson, Steve Wynn, The Strip, Wall Street | 1 Comment