Category Archives: Sheldon Adelson

Vegas in January: Dazed and confusing

Posted on March 10, 2011 by David McKee

It’s not as though there aren’t signs of hope for the Nevada economy. And even as empty storefronts continue to proliferate and housing prices tank in Las Vegas, there’s a “green shoot” or two, if you look for them. The … Continue reading →

Posted in Boulder Strip, Cosmopolitan, Current, Downtown, Economy, history, IGT, Lake Tahoe, North Las Vegas, Regulation, Sheldon Adelson, Taxes, The Strip, Tourism, Transportation, Wall Street | 3 Comments

Boyd: The rest of the story

Posted on March 9, 2011 by David McKee

There’s a bit of scuttlebutt going around about Boyd Gaming retracting coupon offers. To wit, from the S&G mailbag: “There’s this story going around, Suncoast/Boyd advertised in the [Las Vegas Review-Journal], and gave 10x points coupons for every Wednesday in … Continue reading →

Posted in Boyd Gaming, Current, Downtown, Lake Tahoe, Politics, Sheldon Adelson, Stanley Ho, TV | 5 Comments

An Ensign afterthought

Posted on March 7, 2011 by David McKee

By spending tens of thousands of dollars to defend the (mis)conduct of Sen. John Ensign, not only do the CEOs of Las Vegas Sands and Wynn Resorts appear to condone it, they open themselves to questions about their own views … Continue reading →

Posted in Current, Macau, Sheldon Adelson, Steve Wynn | 1 Comment

Quote of the Day

Posted on March 7, 2011 by David McKee

“Still, would it surprise anyone to find out if this really was how business was conducted over there? Secret investigations of your enemies? Bribes? Kinda exactly how I imagine things might work when billions are on the line and your … Continue reading →

Posted in Current, International, Macau, Regulation, Sheldon Adelson, Wall Street | Comments Off on Quote of the Day

“Hi, I’m John Ensign, your casino host”

Posted on March 7, 2011 by David McKee

In development that was a foregone conclusion to everyone but Sen. John Ensign (R) himself, the former casino executive and prospective heir to the Mandalay Resort Group fortune of Mike Ensign, announced his retirement from politics today. The former general … Continue reading →

Posted in CityCenter, Current, Election, Florida, history, Massachusetts, MGM Mirage, Politics, Sheldon Adelson, Steve Wynn, Texas, The Strip | 3 Comments

Warm February in Philly; “Lion King” hungry

Posted on March 3, 2011 by David McKee

After a pretty lackluster January, gaming revenues in Pennsylvania bounced back at the slots.  The statewide February average was a 10% increase year/year, with Sands Bethlehem right on that button ($22 million) and Harrah’s Chester Downs down 2% ($24 million). … Continue reading →

Posted in Cannery Casino Resorts, CityCenter, Current, Dining, Donald Trump, Economy, Entertainment, Harrah's, MGM Mirage, Neil Bluhm, Pennsylvania, Racinos, Sheldon Adelson, The Strip, Tourism, Wall Street | 2 Comments

Case Bets: Ferris wheel fetishists; Rail fail; “Aerotropolis” now?

Posted on March 2, 2011 by David McKee

Caesars Entertainment better get a move on with that Ferris wheel it wants to build out back of O’Shea’s. A rival project, slated for problematic (and fairly blighted) land opposite Mandalay Bay received approval from Clark County. Then again, getting … Continue reading →

Posted in Architecture, California, Dubai, Entertainment, Goldman Sachs, Harrah's, history, International, MGM Mirage, Phil Ruffin, Regulation, Sheldon Adelson, Silverton, Technology, The Strip, Tourism, Transportation | 5 Comments

Seminoles’ big payday; ‘Net-bet stampede: It’s on

Posted on March 2, 2011 by David McKee

After a full year of Class III gambling, the Seminole Tribe has grossed $2 billion. Depending on how considerably that amount ramps up, the State of Florida will enjoy at least a $1 billion “rake” by the end of Gov. … Continue reading →

Posted in Architecture, Atlantic City, Current, Florida, Harrah's, Internet gambling, Isle of Capri, Kentucky, MGM Mirage, Politics, Racinos, Sheldon Adelson, Steve Wynn, Taxes, The Strip, Tribal | 4 Comments

Macao rally boosts Sands, Wynn & Melco; No “Triumph” at Hilton

Posted on February 28, 2011 by David McKee

Publicly traded casino operators in Macao got a dose of good news today. A late-month rally in play means another record month at the tables, a 51% increase from last year. Roughly half the $2.5 billion haul will be divided … Continue reading →

Posted in Cirque du Soleil, Colony Capital, Cordish Co., Current, Detroit, Economy, Entertainment, Macau, Maryland, Melco Crown Entertainment, MGM Mirage, Penn National, Sheldon Adelson, Stanley Ho, Steve Wynn | Comments Off on Macao rally boosts Sands, Wynn & Melco; No “Triumph” at Hilton

Quote of the Day

Posted on February 28, 2011 by David McKee

“They basically gave the middle finger to their database … Once an offer has been extended and redeemed, I don’t think you can welsh on it.” — Fine Point Group founder Randall Fine, on Sheldon Adelson‘s retroactive revocation of comps … Continue reading →

Posted in Current, Economy, Marketing, Sheldon Adelson, The Strip | 2 Comments

Gary Loveman, not so visionary

Posted on February 18, 2011 by David McKee

Here’s a hypothesis for why the lenders holding the note on Colony Capital‘s underwater (more like submerged in Davey Jones’ Locker), market-lagging Atlantic City Hilton believe they can get as much as $75 million for the old place. If state … Continue reading →

Posted in Alabama, Atlantic City, Colony Capital, Harrah's, Harry Reid, Internet gambling, Politics, Regulation, Sheldon Adelson, Technology | 7 Comments

Sheldon Adelson, Man of La Mancha

Posted on February 17, 2011 by David McKee

Life’s being pretty good these days to Las Vegas Sands, thanks in part to better-than-expected convention traffic at Marina Bay Sands (offsetting tepid meeting/expo biz in Macao). In addition to eyeballing Florida, Texas, Massachusetts and Japan, CEO Sheldon Adelson has … Continue reading →

Posted in Alex Yemenidjian, Atlantic City, Current, Downtown, Economy, Florida, Genting, International, Macau, Massachusetts, Oscar Goodman, Pennsylvania, Regulation, Sheldon Adelson, Singapore, Texas, The Strip, Tourism, TV | 2 Comments

Philadelphia’s cup runneth under

Posted on February 16, 2011 by David McKee

Returning to yesterday’s theme of exaggerated expectations of gaming revenues (decanted by casino operators, quaffed uncritically by politicians) we have a glass half-full/half-empty report from Pennsylvania. The salient statistic is that, once five-month-old SugarHouse (left) is factored out, slot revenues … Continue reading →

Posted in Architecture, Cordish Co., Current, Economy, Harrah's, Macau, Maryland, Neil Bluhm, Ohio, Penn National, Pennsylvania, Politics, Racinos, Regulation, Sheldon Adelson, Steve Wynn, Tribal | 3 Comments

Quote of the Day

Posted on February 16, 2011 by David McKee

“Vegas is a different market. You can get a room in the finest hotels on the Strip for Holiday Inn Express prices. That’s why Sheldon Adelson is stomping his feet. The restaurants are not making their lease payments either. The convention … Continue reading →

Posted in Current, Dining, Economy, Entertainment, Marketing, Sheldon Adelson, The Strip | 1 Comment

Las Vegas Sands: Who’s minding the store?

Posted on February 15, 2011 by David McKee

Investors would do well to ask that, not least because of CEO Sheldon Adelson‘s attitude of, ‘The buck stops here … except when it doesn’t.’ To hear Adelson tell it, everything that goes awry at Las Vegas Sands and Sands … Continue reading →

Posted in Cirque du Soleil, Current, Genting, James Packer, Lawrence Ho, Macau, Marketing, Melco Crown Entertainment, MGM Mirage, Pansy Ho, Politics, Regulation, Sheldon Adelson, Singapore, Sports, Stanley Ho, Station Casinos, Steve Wynn, Technology, The Mob, Tourism, Wall Street | Comments Off on Las Vegas Sands: Who’s minding the store?

Gary Loveman … visionary?

Posted on February 15, 2011 by David McKee

At the risk of pumping additional hydrogen into his already zeppelin-sized ego, allow me to suggest that Caesars Entertainment CEO Gary Loveman, PhD. is actually onto something. But first would somebody clue him in that there has been casino gambling … Continue reading →

Posted in Architecture, Current, Economy, Entertainment, Florida, G2E, Harrah's, Jack Binion, Marketing, Neil Bluhm, Ohio, Penn National, Pennsylvania, Sheldon Adelson, Slot routes, Taxes, The Mob, The Strip, Tourism, Tropicana Entertainment, Wall Street | 2 Comments

Plaudits for Navegante; The great Hard Rock caper that wasn’t

Posted on February 15, 2011 by David McKee

A frequent Hard Rock Hotel & Casino player, for one, is happy to know that Navegante Group is waiting in the wings to take the reins should Morgans Hotel Group continue to falter. (The owners of the HRH have until … Continue reading →

Posted in Colorado, Current, Golden Gaming, International, Marketing, Michael Gaughan, New York, Regulation, Sheldon Adelson, The Strip | 2 Comments

Quote of the Day

Posted on February 14, 2011 by David McKee

“We can debate whether Iraq now is in better shape than Egypt, but what is not debatable is David Brooks‘s assertion that Saddam [Hussein] would shoot anyone who dared protest in public, or in private, for that matter. He was … Continue reading →

Posted in Current, Internet gambling, Sheldon Adelson | 1 Comment

Programming note

Posted on February 4, 2011 by David McKee

You’ve probably noticed an attenuated output from Yr. Humble Blogger. A backlog of commissions, including LVA mini-bios of Jay Sarno (left) and former Desert Inn exec Milton Jaffe, has put me well and truly behind the 8-ball, and may continue … Continue reading →

Posted in Current, history, Sheldon Adelson, The Mob, The Strip | 1 Comment

The sky is falling!

Posted on February 1, 2011 by David McKee

Or so you’d think, to hear the reaction to the news that Florida is contemplating bringing a micromanaged form of casino gambling to its fair shores. S&G readers are well rehearsed in the flaws of the bill being contemplated in … Continue reading →

Posted in Boyd Gaming, Current, Economy, Entertainment, Florida, Harrah's, Hawaii, history, Ohio, Sheldon Adelson, The Strip | 1 Comment