Category Archives: Sheldon Adelson

Case Bets

Posted on December 9, 2019 by David McKee

Las Vegas went into the crapper last weekend, with the opening of the Giant Poo Experience in Lyft Art Park. I’m not inventing this. The larger-than-life-size mock-excrement was sponsored by airspray Poo-Pourri. Explained the company, “For over a decade, Poo~Pourri has … Continue reading →

Posted in Alabama, Downtown, Entertainment, Internet gambling, Japan, Lotteries, Marketing, Politics, Sheldon Adelson, Sports betting, Tribal, Wall Street | Comments Off on Case Bets

Tax-and-spend fantasy in Illinois; Encore Boston nickels and dimes its patrons

Posted on November 27, 2019 by David McKee

It’s more important to have a money-losing casino (upon which absolutely nobody has bid) in Chicago than to lower the über-confiscatory 72% tax rate. So says state Sen. Dave Syverson (R), a real crank. As Syverson puts it, “The problem with … Continue reading →

Posted in Caesars Entertainment, Galaxy Entertainment, Golden Gaming, Illinois, Japan, Macau, Massachusetts, MGM Resorts International, Resort fees, Sheldon Adelson, Taxes, Terry Caudill, Transportation, Wynn Resorts | Comments Off on Tax-and-spend fantasy in Illinois; Encore Boston nickels and dimes its patrons

Wynn Resorts chastened; Living the high life at the Cosmo

Posted on November 25, 2019 by David McKee

Boston is quite a different animal from Las Vegas and Macao—or so Wynn Resorts has learned. Despite healthy table games revenues it is lowering the minimum-bet limits from $50 to $15 at Encore Boston Harbor. In a remarkable mea culpa before … Continue reading →

Posted in Animals, China, CityCenter, Cosmopolitan, Downtown, Election, Environment, Hard Rock Hotel, Hard Rock International, Las Vegas Raiders, Lawrence Ho, Macau, Maine, Marijuana, Marketing, Massachusetts, Palms, Penn National, Regulation, Resort fees, Sheldon Adelson, Sports, The Strip, Virginia, Wynn Resorts | Comments Off on Wynn Resorts chastened; Living the high life at the Cosmo

Smoke gets in Boston’s eyes; Penn receives important award

Posted on November 14, 2019 by David McKee

Shuttles for Encore Boston Harbor are stirring up some local ire, due to the fumes they generate while idling at the Wellington MBTA Station curb. This has generated the threat of a lawsuit from the Conservation Law Foundation. It’s not just … Continue reading →

Posted in Atlantic City, Churchill Downs, Cosmopolitan, Derek Stevens, Downtown, Encore, Entertainment, Illinois, Japan, Massachusetts, Movies, Penn National, Rush Street Gaming, Sheldon Adelson, Sports, Sports betting, Taxes, Technology, Terry Caudill, The Mob, Transportation, Wynn Resorts | Comments Off on Smoke gets in Boston’s eyes; Penn receives important award

Choo-choo to Springfield; Penn hawks Trop

Posted on November 12, 2019 by David McKee

Don’t despair, MGM Springfield. There’s hope yet. Massachusetts politicians are touting the idea of high-speed rail between Boston and Springfield, as many as six rides per day. (Springfield currently must get by with once-a-day Amtrak service.) Gov. Charlie Baker (R) … Continue reading →

Posted in China, Connecticut, Donald Trump, Downtown, Election, Foxwoods, Indiana, Louisiana, Maine, Massachusetts, MGM Resorts International, Mohegan Sun, New Hampshire, Penn National, Pennsylvania, Rhode Island, Sexual misconduct, Sheldon Adelson, Sports betting, The Strip, Transportation, TV, Twin River, Wynn Resorts | Comments Off on Choo-choo to Springfield; Penn hawks Trop

Caution on Scientific, Golden; VIPs passé in Macao

Posted on November 8, 2019 by David McKee

Scientific Games must have been less than thrilled with Credit Suisse analyst Ben Combes‘ report on their third quarter. It was headlined, “Solid Quarter, But Leverage Concerns Keep Us on the Sidelines.” Cash flow of $344 million beat the Wall … Continue reading →

Posted in California, Canada, China, Dining, Economy, Entertainment, Genting, Golden Gaming, Greenwood Racing, Illinois, International, Internet gambling, Las Vegas Raiders, Lotteries, Macau, MGM Resorts International, Nevada, New York, Penn National, Pennsylvania, PokerStars, Resort fees, Rush Street Gaming, Scientific Games, Sheldon Adelson, The Strip, Tribal, Wall Street, Wynn Resorts | Comments Off on Caution on Scientific, Golden; VIPs passé in Macao

Churchill Downs fights horseracing reform; Mattress Mack doesn’t regret $13M World Series bet

Posted on November 4, 2019 by David McKee

Churchill Downs‘ third-quarter cash flow results were “softer than expected” according to J.P. Morgan analyst Daniel Politzer, who added the “the impact of this was likely mitigated by the company announcing a slew of updates/capital projects which helped placate investors, … Continue reading →

Posted in AGA, Baseball, Charity, Churchill Downs, Colorado, Culinary Union, Election, Entertainment, Geoff Freeman, Horseracing, Kentucky, Las Vegas Sands, Macau, Maine, Mississippi, Nevada, New Jersey, Planet Hollywood, Politics, Racinos, Sheldon Adelson, Sports betting, Texas, Wynn Resorts | Comments Off on Churchill Downs fights horseracing reform; Mattress Mack doesn’t regret $13M World Series bet

Louisiana gets soaked; Surrender flag waved

Posted on October 24, 2019 by David McKee

Boyd Gaming warned us that Deep South results would be weak, following two hurricanes, and they didn’t exaggerate. Flood-affected Louisiana casino receipts plummeted 11% in September. Boyd casinos got the worst of it, down 10.5%. New Orleans was flat but … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, China, Churchill Downs, Crown Resorts, Economy, Eldorado Resorts, GLPI, Illinois, Isle of Capri, Japan, Las Vegas Sands, Louisiana, Macau, MGM Resorts International, Money laundering, Penn National, Regulation, Resort fees, Sheldon Adelson, Singapore, The Mob, The Strip, Tilman Fertitta, Wall Street | Comments Off on Louisiana gets soaked; Surrender flag waved

More from the Police Blotter; Adelson, il duce

Posted on September 30, 2019 by David McKee

Phil Ivey may owe Borgata $10 million for cheating at baccarat but the casino’s not going to overlook the chicken feed he makes in other tourneys. Borgata has set its sights on the $124,410 Ivey won in the last World … Continue reading →

Posted in Atlantic City, Entertainment, history, Hooters, Law enforcement, MGM Resorts International, Regulation, Sexual misconduct, Sheldon Adelson, World Series of Poker, Wynn Resorts | Comments Off on More from the Police Blotter; Adelson, il duce

Adelson power play in Las Vegas, unease in Macao

Posted on September 26, 2019 by David McKee

Sheldon Adelson, it long has been clear, brooks no dissent. He bought the Las Vegas Review-Journal to make it a megaphone for his political views (anybody remember the Marco Rubio presidential campaign, the one the R-J endorsed three times to … Continue reading →

Posted in Caesars Entertainment, China, Churchill Downs, Galaxy Entertainment, history, Horseracing, Illinois, Macau, Politics, Racinos, Sheldon Adelson, The Strip | 2 Comments

Another rap scandal; MGM sues Trump administration

Posted on September 26, 2019 by David McKee

Rappers and Vegas don’t mix too well. The latest exhibit is YG, who The Cosmopolitan of Las Vegas finds itself being associated with in an alleged assault and robbery. The Cosmo is being sued by one Benjamin Naderi over a beatdown he … Continue reading →

Posted in Connecticut, Cosmopolitan, Dining, Law enforcement, Macau, MGM Resorts International, Regulation, Sheldon Adelson | Comments Off on Another rap scandal; MGM sues Trump administration

Fan loses $506K shirt; Adelson cautions Trump

Posted on September 25, 2019 by David McKee

One incautious Cleveland Browns fan made the wrong kind of headline with a $506,000 bet on the team against the Los Angeles Rams. (The Browns lost, 20-13.) The wager was for the Browns to cover the spread, the most meaningful … Continue reading →

Posted in Atlantic City, Caesars Entertainment, China, Donald Trump, e-sports, Eldorado Resorts, Hard Rock International, Mohegan Sun, Ocean Resort, Sheldon Adelson, South Korea, Sports, Sports betting, Tourism | Comments Off on Fan loses $506K shirt; Adelson cautions Trump

Stall in Indiana; Adelson, Netanyahu at odds

Posted on September 11, 2019 by David McKee

An extra weekend day in Indiana was no help to casino revenues in Indiana, which were, on average, flat with 2018. The total gross was $186 million. The saving grace, perhaps, was that August 2018 saw revenues grow 5% but … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, Dining, Eldorado Resorts, Full House Resorts, Las Vegas Raiders, Pennsylvania, Sheldon Adelson, Spectacle Entertainment, Tribal | Comments Off on Stall in Indiana; Adelson, Netanyahu at odds

Squeezed in Schenectady; Seminoles step up

Posted on September 10, 2019 by David McKee

One of the goofs New York State made when authorizing upstate casinos was not to establish a level playing field of taxation. Rivers Casino Schenectady is hardest hit, paying 45% on its slot revenues and it’s finally decided to ask … Continue reading →

Posted in Charity, Economy, Las Vegas Sands, Lawrence Ho, Marketing, Melco Resorts & Entertainment, MGM Resorts International, New York, Rush Street Gaming, Seminole Tribe, Sheldon Adelson, Singapore, Taxes, The Strip | Comments Off on Squeezed in Schenectady; Seminoles step up

Case Bets

Posted on August 23, 2019 by David McKee

Despite the tepid attitude of Tokyo leadership, Las Vegas Sands has settled on it and Yokohama as its destinations of preference in Japan. Which leaves Osaka out in the cold (although it is not lacking for suitors). Sands lost no time … Continue reading →

Posted in Boulder Strip, Diversity, Galaxy Entertainment, Hooters, International, Internet gambling, Japan, Las Vegas Sands, Melco Resorts & Entertainment, MGM Resorts International, Philippines, Sheldon Adelson, Station Casinos, The Strip, Wynn Resorts | 2 Comments

Sheldon’s Sphere inflating; Nevada not keeping up with the times

Posted on August 22, 2019 by David McKee

Madison Square Garden is confronting a major cost overrun on its spherical event center near Venelazzo, meant to—among other things—aggrandize the ego of Sheldon Adelson. Shares of MSG were sent staggering by the revelation that the $1.2 billion cost had … Continue reading →

Posted in International, Internet gambling, Massachusetts, MGM Resorts International, Nevada, New Jersey, Philippines, Regulation, Sexual misconduct, Sheldon Adelson, Sports betting, The Strip, Wynn Resorts | Comments Off on Sheldon’s Sphere inflating; Nevada not keeping up with the times

Gaming and its discontents

Posted on August 19, 2019 by David McKee

Iowa, Nebraska and Council Bluffs continue to have their collective ass kicked in court by the Ponca Tribe of Nebraska. The latest drubbing occurred in federal district court. The plaintiffs filed motions arguing that, since Judge Stephanie Rose had asked … Continue reading →

Posted in Cambodia, Connecticut, Cordish Co., Foxwoods, Genting, Iowa, Las Vegas Sands, Macau, MGM Resorts International, Mohegan Sun, Money laundering, Nebraska, New York, Penn National, Pennsylvania, Politics, Sheldon Adelson, Sports, Sports betting, Tourism, Transportation, Tribal, Wall Street | 2 Comments

Rock the casbah; The risks of Japan

Posted on August 9, 2019 by David McKee

Although Israel continues to outlaw casinos, undoubtedly to Sheldon Adelson‘s deep regret, the Middle East is pustulent with gaming houses. Yes, the Koran forbids it but that’s hardly stopping anyone. Egypt stands out with roughly 15 casinos, supposedly off-limits to … Continue reading →

Posted in Animals, Atlantic City, Caesars Entertainment, Genting, GLPI, Illinois, Indiana, International, Japan, Las Vegas Sands, Macau, Melco Resorts & Entertainment, Movies, Ohio, Pennsylvania, Scientific Games, Sheldon Adelson, Singapore, Sports betting, Taxes, The Strip, Tourism, Wall Street | 2 Comments

Don’t bet against Sheldon; Encore Boston says ‘Take the T’

Posted on June 18, 2019 by David McKee

Don’t ever accuse Las Vegas Sands of not thinking big. It’s going to the banks for a $5.9 billion loan, primarily for expansion of Marina Bay Sands. That shouldn’t be much of a risk for financiers because nobody makes good … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, Genting, Greenwood Racing, history, Internet gambling, Las Vegas Sands, Massachusetts, Penn National, Pennsylvania, Rush Street Gaming, Sheldon Adelson, Singapore, South Korea, Sports betting, Technology, Transportation, Wynn Resorts | Comments Off on Don’t bet against Sheldon; Encore Boston says ‘Take the T’

Vegas jottings, with a touch of Atlantic City

Posted on June 13, 2019 by David McKee

If we need a workplace consultant, we certainly won’t hire the Seyfarth Shaw at Work firm. (Seyfarth Shaw? Wasn’t he a character in Game of Thrones?) It’s offering its services to come up with strategies that will deter your employees … Continue reading →

Posted in Atlantic City, Caesars Entertainment, Culinary Union, Derek Stevens, Downtown, Entertainment, Golden Gaming, Las Vegas Sands, Marijuana, MGM Resorts International, Pets, Sheldon Adelson, Sports betting, Technology, Wynn Resorts | Comments Off on Vegas jottings, with a touch of Atlantic City