Category Archives: Sheldon Adelson

Positive auguries in New York

Posted on October 29, 2013 by David McKee

Supporters of more casinos in New York State have been a little anxious about sentiment in New York City, where the fate of the constitutional amendment is expected to rest. They may be breathing a sigh of relief today after … Continue reading →

Posted in Dining, Downtown, Economy, Election, Foxwoods, Macau, Mohegan Sun, New York, Sheldon Adelson, Tamares Group | Comments Off on Positive auguries in New York

The importance of being Steve Wynn; Sheldon’s fan club

Posted on October 25, 2013 by David McKee

“Even the Red Sox aren’t that popular in Everett,” says Steve Wynn, alluding to recent poll numbers. Heady stuff. So, while he comes down off Cloud Nine, let’s look at a pretty impressive 3Q13 — if not as boffo as … Continue reading →

Posted in Economy, Entertainment, Hard Rock International, Macau, Massachusetts, Pennsylvania, Regulation, Sheldon Adelson, Steve Wynn, The Strip, Wall Street | 2 Comments

Has Sheldon Adelson lost it?

Posted on October 23, 2013 by David McKee

Last night, Sheldon Adelson went to mind-boggling extremes and into the realm of the sort of rhetoric one associates with some of the worse regimes of modern history, advocating a unilateral, first-strike, nuclear attack on Iran. “Then you say, ‘See! The next … Continue reading →

Posted in International, Massachusetts, Sheldon Adelson | Comments Off on Has Sheldon Adelson lost it?

Case Bets: Caesars, Ceylon, Cosmo and clubbing

Posted on October 22, 2013 by David McKee

It’s G-Day plus four and questions continue to mount about Caesars Entertainment‘s partnership with the Gansevoort hotel chain. In particular, what didn’t the company’s compliance not know about Arik Kislin and when did they not know it? Suffolk Downs might … Continue reading →

Posted in Cosmopolitan, Culinary Union, Entertainment, Harrah's, International, James Packer, Macau, Sheldon Adelson, The Mob, The Strip | Comments Off on Case Bets: Caesars, Ceylon, Cosmo and clubbing

Sheldon hits paydirt; Culinary Union talks trash

Posted on October 18, 2013 by David McKee

It’s good to be Sheldon Adelson, especially when your company is notching one record-setting month after another. Revenue for 3Q13 rose 32% and net profit shot 79% upwards. Next year, shareholders can look forward to a 60 cent bump in … Continue reading →

Posted in Cosmopolitan, Cretins, Culinary Union, Dan Gilbert, Detroit, Harrah's, Macau, Ohio, Pennsylvania, Sheldon Adelson, Singapore, Station Casinos, Wall Street | 3 Comments

Singin’ the blues in Pennsylvania, Louisiana

Posted on October 16, 2013 by David McKee

Even slight improvements in consumer spending weren’t enough to help Pennsylvania. Gross gambling revenue fell 6%. Thanks to strong table play, Sands Bethlehem was able to buck the trend, staying flat for September. By contrast, Harrah’s Philadelphia — in a … Continue reading →

Posted in Dining, Greenwood Racing, Harrah's, Isle of Capri, Louisiana, Neil Bluhm, Ohio, Penn National, Pennsylvania, Pinnacle Entertainment, Sheldon Adelson, The Strip, Wall Street | Comments Off on Singin’ the blues in Pennsylvania, Louisiana

Quote of the Day

Posted on October 14, 2013 by David McKee

“[W]hat you and I and most decent people consider vulgar, depraved and perverted” — Las Vegas Sands attorney Charles McCrea Jr.’s description of The Act, the sex show inside Palazzo that closed last weekend. Vulgarity? Depravity? Perversion? Aren’t those the … Continue reading →

Posted in Entertainment, Sheldon Adelson, The Strip, Tourism | Comments Off on Quote of the Day

Casino explosion in the Far East

Posted on October 10, 2013 by David McKee

Now that they’ve seen what Macao and Singapore can do with casino resorts, practically everyone else in the Pacific Rim wants in. Gaming is already big business in the Philippines, but Lawrence Ho and others like him are convinced they … Continue reading →

Posted in Economy, Genting, Harrah's, International, James Packer, Lawrence Ho, Macau, Melco Crown Entertainment, MGM Mirage, Sheldon Adelson, Singapore | Comments Off on Casino explosion in the Far East

New life for EuroVegas?; Trailer Station rides again;

Posted on October 10, 2013 by David McKee

Sheldon Adelson may have charmed out a back-door exemption to Spain‘s antismoking policy. The national government is drafting legislation that would give provinces wiggle room where the ban is concerned. Which means that Madrid could go ahead and give Adelson … Continue reading →

Posted in Current, Downtown, Environment, Hard Rock International, International, Macau, Sheldon Adelson, Station Casinos, Tribal, Wisconsin | Comments Off on New life for EuroVegas?; Trailer Station rides again;

And the winner is … Borgata; Black eased out; Kudos to Sands

Posted on October 10, 2013 by David McKee

Leading the field, Borgata received New Jersey‘s first Internet-gambling license and will begin test play on Nov. 21. Congratulations to Boyd Gaming and partner bwin.party for having their ducks in a row. Understated Borgata prexy Tom Ballance, “It’s always nice … Continue reading →

Posted in Atlantic City, Boyd Gaming, Current, Internet gambling, Massachusetts, Mesquite, Michael Gaughan, Pennsylvania, Sheldon Adelson, Tribal | Comments Off on And the winner is … Borgata; Black eased out; Kudos to Sands

Atlantic City: Exit Pinnacle, turnover at Revel; Invading Japan

Posted on October 1, 2013 by David McKee

It took three years and a frightful loss ($239 million), but Pinnacle Entertainment is finally shot of Lee’s Folly, the Sands Casino Hotel site that ex-CEO Dan Lee bought for $270 million during the boom years … and which promptly … Continue reading →

Posted in Atlantic City, International, Japan, Lawrence Ho, Macau, Melco Crown Entertainment, Pinnacle Entertainment, Revel, Sheldon Adelson, Singapore, Station Casinos | 1 Comment

“Mob” exits Trop; Goretorium exiting Vegas?; Adelson keeps losing

Posted on October 1, 2013 by David McKee

Having served its purpose in getting the (rather soporific) Mob Attraction off the ground — including forgiving some lease payments — the Tropicana Las Vegas finds itself kicked to the curb. The Attraction will move to a new site (reputedly … Continue reading →

Posted in Alex Yemenidjian, Current, Entertainment, Harrah's, Macau, Phil Ruffin, Sheldon Adelson, The Strip | Comments Off on “Mob” exits Trop; Goretorium exiting Vegas?; Adelson keeps losing

Busted!; Crystals off the block; Rumble in Macao

Posted on September 27, 2013 by David McKee

Archie Karas (real name Anargyros Karabourniotis), high roller and reputed casino cheat is cooling his butt in a Las Vegas jail cell right now. The advantage player is facing extradition on charges that he bilked Barona Casino out of eight grand … Continue reading →

Posted in CityCenter, Current, Economy, Foxwoods, Macau, Massachusetts, MGM Mirage, Sheldon Adelson, Stanley Ho, The Strip, Tribal | Comments Off on Busted!; Crystals off the block; Rumble in Macao

Murren woos Maryland; Downtown Grand shows promise

Posted on September 26, 2013 by David McKee

After hinting at a low-key design for his National Harbor casino proposal, MGM Resorts International CEO Jim Murren rolled out something fairly spectacular. The terraced, canopied design looks not a little futuristic and the Las Vegas Review-Journal was right to … Continue reading →

Posted in Architecture, Dining, Downtown, Hard Rock International, International, Maryland, MGM Mirage, Penn National, Sheldon Adelson, The Strip | 1 Comment

Caesars spooks Wall Street; Florida fumbles

Posted on September 26, 2013 by David McKee

Not surprisingly, Caesars Entertainment stock took a dip this morning. Why the lack of surprise? The company is further diluting its value by preparing to issue 10 million additional shares of common stock. “While we would view the announcement as … Continue reading →

Posted in Atlantic City, Donald Trump, Florida, Harrah's, Internet gambling, Phil Ruffin, Politics, Racinos, Sheldon Adelson, Steve Wynn, Taxes, Wall Street | 1 Comment

Bad day for Tomato King and Wynn

Posted on September 25, 2013 by David McKee

While the City of Philadelphia is officially neutral on who should get the last gambling license for the area, it’s not above giving the Pennsylvania Gaming Control Board a not-so-gentle-nudge. At a hearing led by Deputy Mayor Alan Greenberger, two … Continue reading →

Posted in Architecture, Cordish Co., Cosmopolitan, International, Macau, Penn National, Pennsylvania, Regulation, Sheldon Adelson, Singapore, Steve Wynn, Tomato King Procacci, Tourism | Comments Off on Bad day for Tomato King and Wynn

Wall Street comes to the Strip, meets the big boys

Posted on September 24, 2013 by David McKee

Investment firms like J.P. Morgan and Deutsche Bank have been sending emissaries to Las Vegas this week, to meet with all the major gaming firms during Global Gaming Expo. Since the latter is being held at Sands Expo Center, perhaps … Continue reading →

Posted in Current, Economy, G2E, Isle of Capri, Japan, Macau, Marketing, Massachusetts, MGM Mirage, Missouri, Pennsylvania, Sheldon Adelson, Singapore, Steve Wynn, The Strip, Tourism, Wall Street | Comments Off on Wall Street comes to the Strip, meets the big boys

Another Borgata first; Ohio is “george”; Adelson’s waiting game

Posted on September 20, 2013 by David McKee

In what could be a harbinger of good things for Atlantic City, the final events of the World Poker Tour are being held at Borgata. It’s to promote the legalization of online poker in New Jersey, but anything that brings … Continue reading →

Posted in Atlantic City, Boyd Gaming, Environment, International, Internet gambling, Japan, Ohio, Problem gambling, Sheldon Adelson, Steve Wynn | 2 Comments

Quote of the Day

Posted on September 20, 2013 by David McKee

“Las Vegas Sands, which owns the Venetian, is aware of the tourist grumblings. After all, it’s Sin City, where adults are supposed to be able to regress to a boozy infancy, with every need and desire accommodated.” — Hannah Dreier, of … Continue reading →

Posted in Sheldon Adelson, The Strip, Tourism | Comments Off on Quote of the Day

Japan’s in; Chaperoned at Caesars; D.C. gridlock strikes again

Posted on September 19, 2013 by David McKee

A pro-casino group of lawmakers plans to introduce gambling-enabling legislation in the upcoming session of the Japanese Diet. Steve Wynn was quick to plunk $4 billion-plus on the table, while MGM Resorts International promises unspecified “billions.” It’s like a gold … Continue reading →

Posted in Harrah's, Japan, Massachusetts, Melco Crown Entertainment, MGM Mirage, Ohio, Sheldon Adelson, Stanley Ho, Steve Wynn, Tribal | Comments Off on Japan’s in; Chaperoned at Caesars; D.C. gridlock strikes again