Category Archives: Sheldon Adelson

Wire Act reversal reversed; China scare for Las Vegas

Posted on June 10, 2019 by David McKee

A federal judge dealt a major defeat to the Justice Department in its efforts to reinterpret the Federal Wire Act as a ban on Internet gambling. Nope, only sports betting ruled Judge Paul Barbadoro. The ruling is a boon to … Continue reading →

Posted in Atlantic City, Caesars Entertainment, Economy, Eldorado Resorts, Entertainment, Florida, Hard Rock International, Indiana, International, Internet gambling, Law enforcement, Lotteries, Marketing, Mohegan Sun, Ocean Resort, Palms, Pennsylvania, Regulation, Seminole Tribe, Sheldon Adelson, Singapore, Sports betting, Station Casinos, Tourism, Tribal, Unite-Here, Wall Street, World Series of Poker | Comments Off

Worries from the Far East & other Case Bets

Posted on May 22, 2019 by David McKee

This goes in the Not A Great Idea file. Macao, still down from its go-go years, is thinking of implementing a tax on tourists. No kidding. It’s even gathering poll data on how the money should be spent, even before … Continue reading →

Posted in Economy, Japan, Las Vegas Sands, M Resort, Macau, Penn National, Pennsylvania, Sheldon Adelson, Taxes, Tribal | Comments Off

The age of austerity?

Posted on May 16, 2019 by David McKee

While Station Casinos CEO Frank Fertitta III won’t be mistaken for a pauper anytime soon, he’s the most restrained of Las Vegas‘ top six gaming CEOs when it comes to compensation. On top of his $1 million base salary, his … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, Culinary Union, International, Japan, Las Vegas Sands, Lawrence Ho, Melco Resorts & Entertainment, MGM Resorts International, Politics, Sheldon Adelson, Station Casinos, Unite-Here, Wall Street, Wynn Resorts | Comments Off

Everyone’s happy in Singapore; Adelson involvement probed

Posted on May 9, 2019 by David McKee

While the government in Macao likes to keep casino executives in a state of uncertainty about the future, Singapore is far more sanguine. Between them, Marina Bay Sands and Resorts World Sentosa have committed $6.6 billion to new development. That … Continue reading →

Posted in Genting, Internet gambling, Las Vegas Sands, Law enforcement, Louisiana, New Jersey, Rhode Island, Sheldon Adelson, Singapore, Sports betting, Taxes | Comments Off

Seminoles to the rescue; Rosenstein’s mess

Posted on April 30, 2019 by David McKee

Florida could move from the “no” into the “yes” column on sports betting. Maybe. A new compact with the Seminole Tribe would incorporate sports betting into the mix of games permitted in the Sunshine State. Gov. Ron DeSantis (R) is keeping … Continue reading →

Posted in Delaware, Economy, Florida, Genting, Horseracing, Law enforcement, Lotteries, New York, Politics, Rush Street Gaming, Seminole Tribe, Sheldon Adelson, Sports betting, Technology | Comments Off

Rosenstein rebutted; Kiddie slots in U.K.

Posted on April 15, 2019 by David McKee

Deputy Attorney General Rod Rosenstein received a smackdown from a federal court. Judge Paul Barbadoro ruled that not only had Rosenstein failed to convince him that New Hampshire‘s online lottery wasn’t covered under the new interpretation of the Federal Wire … Continue reading →

Posted in Atlantic City, Bruce Deifik, Dining, e-sports, Georgia, Glenn Straub, International, Internet gambling, Marketing, MGM Resorts International, New Hampshire, New Jersey, Ocean Resort, Problem gambling, Puerto Rico, Regulation, Sheldon Adelson, Sports betting, Taxes, Texas | Comments Off

Quote of the Day

Posted on April 9, 2019 by David McKee

“Everyone else in the gambling industry thought it was the dumbest idea ever. Now all the naysayers would cut off their right arm to get a piece of land there. I’ve got a warehouse full of arms, and a couple of … Continue reading →

Posted in Macau, Sheldon Adelson | 1 Comment

Eldorado explores Caesars takeover; MGM says ‘Play ball!’

Posted on March 19, 2019 by David McKee

Since corporate mergers, once begun, develop a momentum all their all own, it was inevitable that someone would step forward to explore a purchase of Caesars Entertainment, regardless of whether it is a good idea, risking a second bankruptcy. In … Continue reading →

Posted in Architecture, Atlantic City, Baseball, Caesars Entertainment, Eldorado Resorts, Genting, Internet gambling, Japan, Las Vegas Sands, Law enforcement, Macau, Marketing, Melco Resorts & Entertainment, MGM Resorts International, New York, Politics, Sheldon Adelson, Sports, Tilman Fertitta | Comments Off

Busy week for MGM; Adelson’s grim prognosis

Posted on March 12, 2019 by David McKee

Congratulations to MGM Resorts International on becoming the official casino sponsor of the Boston Red Sox (known around my house as “the Evil Empire”). I’m not sure how I feel about the MGM logo going up on the Green Monster, … Continue reading →

Posted in Atlantic City, Baseball, Eldorado Resorts, history, Horseracing, Internet gambling, Japan, Las Vegas Sands, Laughlin, Massachusetts, MGM Resorts International, Michigan, Mississippi, Politics, Problem gambling, Real Estate, Regulation, Security, Sheldon Adelson, Sports, Sports betting, Steve Wynn, Taxes, Technology, Tribal, Tropicana Entertainment, William Hill | 1 Comment

Adelson ailing; Coup d’etat at Caesars

Posted on March 1, 2019 by David McKee

Last night, KTNV-TV reported that James Jimmerson, an attorney for Sheldon Adelson, had declared the mogul’s condition to be “dire.” Subsequently it was disclosed that Adelson has been diagnosed with cancer and hasn’t been to his office since Christmastime. The … Continue reading →

Posted in Baseball, Caesars Entertainment, Carl Icahn, Current, Entertainment, International, Japan, Las Vegas Sands, Macau, MGM Resorts International, Politics, Sheldon Adelson, Sports, The Strip, Tourism | Comments Off

King on the rag; Macao mobbed; Sheldon goes green

Posted on February 27, 2019 by David McKee

Better hurry and line up that Circa funding, Derek Stevens: Rep. Steve King (R) is coming after your EB-5 investors. King has introduced a bill, currently little more than a placeholder, to terminate the EB-5 program. In the past we’ve been … Continue reading →

Posted in Caesars Entertainment, Cirque du Soleil, Cretins, Delaware, Derek Stevens, Downtown Grand, Entertainment, Environment, Genting, Hard Rock International, International, Las Vegas Sands, Macau, Mohegan Sun, Politics, Racinos, Sheldon Adelson, South Korea, Sports betting, Terry Caudill, The Strip, Tourism, TV | 1 Comment

Sands: Buy Japanese; Gambling to come to Utah?

Posted on February 25, 2019 by David McKee

“It will be highly competitive, but I think the cards are stacked in the favor of those who are prepared, who have been working hard, who will have the best program, best strategy, the best understanding of the country, of … Continue reading →

Posted in Atlantic City, DFS, Horseracing, Internet gambling, Japan, Kentucky, Las Vegas Sands, MGM Resorts International, Ocean Resort, PokerStars, Politics, Sheldon Adelson, Sports, Sports betting | Comments Off

Caesars: The Icahn factor; Troubled Tilman; Brownout

Posted on February 18, 2019 by David McKee

If you’re a company that wants to prove that its stock is undervalued, you’ve got a definitive case when Carl Icahn buys into your company. And if you’re Caesars Entertainment and Icahn suddenly holds 10% of your stock, you’re officially … Continue reading →

Posted in Caesars Entertainment, Carl Icahn, Don Barden, Eldorado Resorts, International, Japan, Louisiana, Massachusetts, Mohegan Sun, Regulation, Security, Sheldon Adelson, South Korea, Taxes, Texas, Tilman Fertitta, Wall Street | Comments Off

Clouds over Macao; What Sheldon wants, Sheldon gets

Posted on February 15, 2019 by David McKee

Cameron McKnight of Credit Suisse is projecting gambling-revenue flatness in Macao (despite higher tax returns) through 2019 and into 2020, despite a record amount of available credit in China. “Stronger credit data may partially assuage China macro concerns, as it … Continue reading →

Posted in Donald Trump, Downtown, Economy, Galaxy Entertainment, International, Japan, Las Vegas Sands, MGM Resorts International, Movies, New Jersey, Regulation, Sheldon Adelson, Sports, The Strip, Tilman Fertitta, Transportation, Wall Street, Wynn Resorts | 1 Comment

Adelson sparks firestorm

Posted on January 21, 2019 by David McKee

When Bill Miller was appointed CEO of the American Gaming Association, we speculated that his relationship with Sheldon Adelson would be “less strained” than that of predecessor Geoff Freeman. Indeed, that already seems to be the case. It would account … Continue reading →

Posted in AGA, Carl Icahn, Churchill Downs, Delaware, DFS, Eldorado Resorts, Florida, Geoff Freeman, Illinois, Internet gambling, Massachusetts, MGM Resorts International, Nevada, New Jersey, New York, Politics, Racinos, Regulation, Sheldon Adelson, Sports, Sports betting, Steve Wynn, Tropicana Entertainment, Wall Street, William Hill, Wynn Resorts | Comments Off

Re-reversing the Wire Act: What it means

Posted on January 16, 2019 by David McKee

Last weekend’s flip-flop by the Justice Department‘s stance on the Federal Wire Act has spurred a fair amount of chin scratching in the gaming industry. Global Market Advisors notes the immediate implication: “The action, which at best can be described as … Continue reading →

Posted in Delaware, DFS, Illinois, Nevada, New Jersey, New York, Pennsylvania, Politics, Sheldon Adelson, Taxes, Wall Street | Comments Off

Trump betrays Internet gambling

Posted on January 15, 2019 by David McKee

In a world so topsy-turvy that Ivanka Trump will be helping choose the next president of the World Bank, we shouldn’t assume that Internet gambling is safe. The Office of Legal Counsel has reversed Eric Holder‘s narrow interpretation of the … Continue reading →

Posted in DFS, Donald Trump, Internet gambling, Law enforcement, New Jersey, Sheldon Adelson, Sports betting | Comments Off

Wynn at risk; Christmas stocking for Station, Boyd, etc.

Posted on December 26, 2018 by David McKee

Steve Wynn might want to think twice about buying back into Wynn Resorts. Stock analyst Frank Fantini thinks the company’s Macao holdings might be made an example in the U.S./China trade war. Fantini believes Beijing could target “companies that are not … Continue reading →

Posted in Boyd Gaming, Economy, Golden Gaming, Macau, MGM Resorts International, Nevada, Pansy Ho, Reno, Sheldon Adelson, Station Casinos, Steve Wynn, Wall Street, Wynn Resorts | Comments Off

Stabbed in the back

Posted on December 24, 2018 by David McKee

In a colossal act of betrayal, the NFL, Major League Baseball and the PGA Tour have turned on their new gaming ‘partners’ and betrayed them by getting into bed with Sen. Chuck Schumer (D) and his dreadful bill to push … Continue reading →

Posted in Arizona, Internet gambling, Japan, Law enforcement, New Jersey, Politics, Sheldon Adelson, Sports betting, Taxes, Tourism | Comments Off

New boss at AGA; Route 91 Harvest returns

Posted on December 17, 2018 by David McKee

Replacing Geoff Freeman, the American Gaming Association has tapped Business Roundtable Senior Vice President for Government Relations Bill Miller. A Beltway lobbyist of two decades’ standing, Miller should be able to hit the ground running. Thirteen years of lobbying on … Continue reading →

Posted in AGA, Baseball, Caesars Entertainment, California, Eldorado Resorts, Entertainment, Geoff Freeman, Greenwood Racing, Las Vegas Sands, Law enforcement, Mandalay Bay Massacre, MGM Resorts International, Penn National, Pennsylvania, Rush Street Gaming, Scientific Games, Sheldon Adelson, Sports, Sports betting, Tamares Group, The Strip, Tribal, TV | 3 Comments