Category Archives: Sheldon Adelson

Quote of the Day

Posted on May 2, 2013 by David McKee

“MGM [Resorts International] still has much of its business in on the Strip, unlike its major rivals Las Vegas Sands Corp. and Wynn Resorts … Those companies both reported gains for the first three months of the year because of … Continue reading →

Posted in CityCenter, Current, Harrah's, Macau, MGM Mirage, Sheldon Adelson, Steve Wynn, Wall Street | Comments Off on Quote of the Day

Land of the Rising Hope

Posted on April 29, 2013 by David McKee

Every few years, brows are knitted earnestly in discussion of whether this will finally be the year in which Japan legalizes casino gambling. I’ve been hearing versions of this debate regularly since 2005, so you’ll pardon me if I suppress … Continue reading →

Posted in Current, Genting, International, Lawrence Ho, Macau, Melco Crown Entertainment, MGM Mirage, Sheldon Adelson, Singapore, Steve Wynn, Taxes, The Mob, The Strip, Tourism, Wall Street | Comments Off on Land of the Rising Hope

Adelson’s accountant quits, reaction minimal

Posted on April 29, 2013 by David McKee

Pricewaterhouse Coopers, accountant to the stars — and Las Vegas Sands — tendered its resignation last week, news that Sands kept carefully under wraps until after the markets closed on Friday. After a brief, initial shock, Sands shares went back … Continue reading →

Posted in Current, Laughlin, Macau, Massachusetts, Regulation, Sheldon Adelson, Tribal, Wall Street | 1 Comment

Somebody Sent Us These II

Posted on March 20, 2013 by David McKee

Continuing a very occasional series, here are some casino-related ephemera that have washed up on the shores of cyberspace. For instance … … only about 25% of the rooms at the newly announced Gansevoort Las Vegas will enjoy this particular … Continue reading →

Posted in Architecture, Australia, Boyd Gaming, Current, Dining, Economy, Genting, Harrah's, International, MGM Mirage, Regulation, Sheldon Adelson, Steve Wynn, The Strip | 1 Comment

Adelson: Yes, we did! Wait, no, we didn’t! Well, OK, sorta … but not really!

Posted on March 5, 2013 by David McKee

“On the U.S. side … we view the State of Nevada as having uninspiring oversight of activities occurring in Macau. For every gap of oversight that exists from the Nevada Gaming Control Board or Nevada Gaming Commission, the U.S. Federal … Continue reading →

Posted in Atlantic City, Current, history, International, Internet gambling, Macau, Movies, Politics, Regulation, Sheldon Adelson, Stanley Ho, Steve Wynn, The Mob, Wall Street | 3 Comments

Ader vs. IGT: Hart wins, Adelson loses

Posted on March 5, 2013 by David McKee

This just in … the long-awaited showdown at the International Game Technology shareholder meeting has taken place and seven of the eight incumbents were re-elected, including two heavyweight allies of beleaguered CEO Patti Hart: former Harrah’s Entertainment CEO Phil Satre … Continue reading →

Posted in Current, IGT, Internet gambling, Sheldon Adelson, Technology, Wall Street | Comments Off on Ader vs. IGT: Hart wins, Adelson loses

Resorts World LV: Look familiar?

Posted on March 5, 2013 by David McKee

A reader in Arizona asks the question that was on my mind yesterday and probably yours, too: “Is it just me … or does this look like just a copper/gold-colored version of CityCenter?” Agreed! (With a large helping of Mandalay … Continue reading →

Posted in Animals, Architecture, Boyd Gaming, Carl Icahn, CityCenter, Current, Entertainment, Fontainebleau, Genting, history, Macau, MGM Mirage, Morgans Hotel Group, Movies, Sheldon Adelson, The Strip | 3 Comments

December in Vegas: The house won; Sheldon of La Mancha

Posted on February 8, 2013 by David McKee

There are gambling markets … and then there’s Las Vegas. Players opened their wallets — oh, did they ever — and lost big. Casino winnings on the Las Vegas Strip were up 13.5% and Nevada casinos overall did 10% better … Continue reading →

Posted in Boulder Strip, Boyd Gaming, Current, International, Lake Tahoe, Laughlin, Marketing, Mesquite, North Las Vegas, Reno, Sheldon Adelson, The Strip, Tourism, Wall Street | 2 Comments

All roads lead to Springfield

Posted on February 6, 2013 by David McKee

That idyllic scene above is not Massachusetts but Vermont. However, the Green Mountain State is not only shaped like a funnel, it is one, an untapped market just waiting to be drained by whichever casino lands the coveted western Massachusetts … Continue reading →

Posted in Ameristar, Architecture, Economy, Election, Harrah's, Massachusetts, MGM Mirage, Penn National, Pennsylvania, Pinnacle Entertainment, Politics, Regulation, Sheldon Adelson, Steve Wynn, Tribal, Wall Street | Comments Off on All roads lead to Springfield

Penn lowers sights; Sands’ $3 billion quarter

Posted on January 31, 2013 by David McKee

Penn National Gaming trimmed its 2013 revenue projections today by 3% — not surprising, given the “headwinds” represented by recent tax changes that will eat into Americans’ discretionary income. Sluggish early slot performance in the Columbus and Toledo markets was … Continue reading →

Posted in Current, Economy, Election, Marketing, Maryland, Ohio, Penn National, Pennsylvania, Sheldon Adelson, Singapore, The Strip, Wall Street | 1 Comment

Merger of the Nerds; Cosmo picketed

Posted on January 31, 2013 by David McKee

With 2013 shaping up as a good year for slot sales, Scientific Games has chosen this moment to pounce upon WMS Industries, one of the oldest, biggest and most-respected firms in the industry. SGMS shares promptly leapfrogged from $8.93 to … Continue reading →

Posted in Cosmopolitan, Culinary Union, Current, Harry Reid, IGT, Internet gambling, Politics, Scientific Games, Sheldon Adelson, Station Casinos, The Strip, Wall Street, WMS Industries | 2 Comments

Case Bets: Magic Mike; Bahamas boo gambling; New moves in Massachusetts, Philly

Posted on January 30, 2013 by David McKee

Sheldon Adelson being too busy trying to dictate American foreign policy, it was left to his Number Two Man, COO Michael Leven (left) to go to Toronto and make the case for a Las Vegas Sands megaresort. Leven soft-pedaled the … Continue reading →

Posted in Current, Dan Gilbert, Florida, Harrah's, International, Massachusetts, MGM Mirage, Pennsylvania, Regulation, Sheldon Adelson, Singapore, Steve Wynn, Taxes, The Strip, Tourism, Transportation, Tribal | 2 Comments

Hart’s war; Cramer lurves Adelson; Penn’s good deed

Posted on January 30, 2013 by David McKee

As the clock ticks toward a shareholder fight over International Game Technology, CEO Patti Hart tried to rally her troops with a bit of good news. IGT has inked a pact to sell 1,375 VLTs to Saskatchewan, representing one-third of … Continue reading →

Posted in Economy, IGT, Illinois, International, M Resort, Penn National, Sheldon Adelson, Slot routes, Technology, TV, Wall Street | 4 Comments

Cap-and-trade at Sands; SkyFail: The sequel

Posted on January 28, 2013 by David McKee

Ever since the government of Macao put a hard cap on the number of table games in the enclave, casino operators have been forced to do a certain amount of cap-and-trade. In order to stock up Sands Cotai, 200 tables … Continue reading →

Posted in CityCenter, Current, Entertainment, Environment, Harrah's, James Packer, Lawrence Ho, Macau, Melco Crown Entertainment, Regulation, Sheldon Adelson, Singapore, Stanley Ho, The Strip, Wall Street | 2 Comments

Maryland: Who’s got the last laugh now?; Murren goes North, other companies look South

Posted on January 23, 2013 by David McKee

MGM Resorts International, that’s who. As predicted, a lawsuit filed to overturn last November’s casino expansion was laughed out of court. Judge Ronald A. Silkworth called the litigation “baseless,” which is a nice way of saying, “Thanks for wasting my … Continue reading →

Posted in Cirque du Soleil, Current, Economy, Entertainment, Florida, International, Iowa, MGM Mirage, Nebraska, Penn National, Pinnacle Entertainment, Politics, Racinos, Sheldon Adelson, Taxes, Texas, Tribal | Comments Off on Maryland: Who’s got the last laugh now?; Murren goes North, other companies look South

Adelson fleeing Pennsylvania

Posted on January 18, 2013 by David McKee

Back when Las Vegas Sands was waffling over the completion of Sands Bethlehem and rattling its tin cup for joint-venture partners, I suspected that Sheldon Adelson had lost his stomach for the project and would probably sell it. Sands has … Continue reading →

Posted in Ameristar, Current, Genting, New York, Ohio, Penn National, Pennsylvania, Pinnacle Entertainment, Politics, Racinos, Sheldon Adelson, Steve Wynn, The Strip, Tribal | 3 Comments

Quote of the Day

Posted on January 16, 2013 by David McKee

“This issue doesn’t affect us because really we don’t know anything about these investigations.” — Madrid Mayor Aña Botella, winning the Ostrich Award last summer by sticking her head in the, uh, sand with regard to scandal-plagued Las Vegas Sands … Continue reading →

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

MGM Cotai clears final barrier; devil in the Maryland details

Posted on January 9, 2013 by David McKee

Although the government of Macao enjoys nothing better than to make casino owners wait and fidget for their land leases to be “gazetted,” today is MGM Resorts International‘s lucky day. MGM China received final approval for its Cotai Strip megaresort. … Continue reading →

Posted in Boyd Gaming, California, Current, Macau, Marketing, Maryland, Melco Crown Entertainment, MGM Mirage, Penn National, Politics, Regulation, Sheldon Adelson, Stanley Ho, Station Casinos, Steve Wynn, Tourism, Transportation, Tribal, TV, Wall Street | Comments Off on MGM Cotai clears final barrier; devil in the Maryland details

Revel: Slow learning curve ahead; Sheldon spanked in Singapore

Posted on January 8, 2013 by David McKee

By the time Revel CEO Kevin DeSanctis realizes he’s made a mistake, he’s almost always past the point of no return. Although it is my deeply rooted opinion that smoking is a noxious, disgusting habit that invades other people’s space, … Continue reading →

Posted in Atlantic City, Cordish Co., Current, Economy, Environment, Genting, International, Maine, Marketing, Maryland, Penn National, Problem gambling, Racinos, Regulation, Revel, Sheldon Adelson, Singapore, Wall Street | Comments Off on Revel: Slow learning curve ahead; Sheldon spanked in Singapore

Exit Fahrenkopf, enter … ?

Posted on January 7, 2013 by David McKee

After a long (17 years) and eventful tenure at the top of the American Gaming Association, President Frank J. Fahrenkopf is calling it a day. On June 30, he hands over the reins to a successor as yet to be … Continue reading →

Posted in Atlantic City, Australia, Boyd Gaming, Current, Florida, G2E, Internet gambling, Mississippi, Pennsylvania, Politics, Sheldon Adelson, Tribal | 2 Comments