Category Archives: Sheldon Adelson

“Wow”

Posted on May 27, 2010 by David McKee

No, that’s not the sound of the Las Vegas Review-Journal‘s Jennifer Robison going weak in the knees at the sight of CityCenter again. It’s J.P.Morgan‘s analysts getting turned on by early numbers from Marina Bay Sands. So excited were they … Continue reading →

Posted in CityCenter, Current, Economy, Entertainment, Genting, International, James Packer, Lawrence Ho, Macau, Marketing, Massachusetts, Melco Crown Entertainment, Sheldon Adelson, Singapore, Tourism, Tribal, Wall Street | Comments Off

Case Bets: Singapore; Reid vs. tribes; Lady Luck, Take 3; Mob war, etc.

Posted on May 26, 2010 by David McKee

Tourism to Singapore jumped 20% last month, surpassing expectations. Resorts World Sentosa and — no surprise — the opening of Marina Bay Sands are credited for the success. Another stumbling block has arisen to the casino market in Massachusetts. A … Continue reading →

Posted in Alex Yemenidjian, Archon Corp., Downtown, Genting, Harrah's, Harry Reid, Massachusetts, Movies, Oklahoma, Politics, Sheldon Adelson, Singapore, Slot routes, Taxes, The Mob, The Strip, Tourism, Transportation, Tribal | 6 Comments

Shel & Bill, together again; Coup for HRH

Posted on May 25, 2010 by David McKee

As though yoked by karma, Las Vegas Sands CEO Sheldon Adelson and former sidekick William Weidner — the Jon & Kate Gosselin of the casino industry — seem destined to remain unwillingly chained together through eternity. Most recently, they’ve been … Continue reading →

Posted in CityCenter, Current, Downtown, Economy, Genting, Harrah's, Herbst Gaming, M Resort, Macau, Marketing, Massachusetts, Morgans Hotel Group, Pennsylvania, Politics, Racinos, Regulation, Sheldon Adelson, Stanley Ho, Texas, Tilman Fertitta, Tourism, Tribal, Wall Street | Comments Off

That’ll show ’em!

Posted on May 20, 2010 by David McKee

What do you do if a group of conventioneers is discomfited during their stay at your brand-new, “grand slam home run,” unfinished $5.7 billion megaresort? Sue the bastards! That ought to work wonders for Sheldon Adelson‘s convention traffic. (True, the … Continue reading →

Posted in Economy, LVCVA, Marketing, Politics, Regulation, Sheldon Adelson, Singapore, Taxes, The Strip | 1 Comment

“The American consumer is toast”

Posted on May 14, 2010 by David McKee

If you think MGM Mirage CEO Jim Murren sounds apocalyptic when he forecasts no major development on the Las Vegas Strip until circa 2020 (heck, Carl Icahn may keep Fontainebleau on ice until 2015) then get a load of this … Continue reading →

Posted in Atlantic City, Carl Icahn, CityCenter, Columbia Sussex, Current, Economy, Fontainebleau, Genting, Harrah's, Herbst Gaming, Mesquite, MGM Mirage, Neil Bluhm, Pennsylvania, Racinos, Regulation, Sheldon Adelson, Singapore, Technology, The Strip, Tribal, Tropicana Entertainment | 3 Comments

Resorts World lifts Marina Bay Sands

Posted on May 13, 2010 by David McKee

Strongly early numbers and performance from Genting‘s Resorts World Sentosa metaresort are fueling bullish sentiment regarding Las Vegas Sands‘ $5.7 billion Marina Bay Sands megalith (above), part of a multi-pronged tourism push. Sentosa did $243 million in revenue and $79 … Continue reading →

Posted in Current, Economy, Genting, Regulation, Sheldon Adelson, Singapore, Steve Wynn, The Strip, Tourism, Wall Street | Comments Off

Not just another pretty face

Posted on May 11, 2010 by David McKee

Because of the relatively low base salaries drawn by CEOs of major casino companies, they’ve generally been exempt from mass-media scrutiny. However, the ways in which the compensation pot has been sweetened for Las Vegas‘ (or would that be China‘s?) … Continue reading →

Posted in Current, Entertainment, International, Sheldon Adelson, Steve Wynn, The Strip, Transportation, Wall Street | 2 Comments

Illinois’ results are good, Sands’ are better

Posted on May 7, 2010 by David McKee

Praise be! Casino revenues in Illinois were actually flat (+0.5%) last month. It’s mainly a consequence of Penn National‘s Empress Joliet being back in the fray, raking in $40 million. (You’ll recall that, a year ago, its pavilion was but … Continue reading →

Posted in Current, Economy, Harrah's, Macau, MGM Mirage, Missouri, Penn National, Pennsylvania, Pinnacle Entertainment, Regulation, Sheldon Adelson, Singapore, The Strip | Comments Off

Adelson does it again

Posted on May 6, 2010 by David McKee

Despite vigorous attempts by Singapore to discourage its own citizens from gambling, it’s not working. Even a $72 admission charge isn’t keeping them out. Better still, VIP junketeers are encountering smoother access than was expected. (Junket scrutiny in Singapore is … Continue reading →

Posted in Current, Economy, Genting, International, Macau, Pennsylvania, Regulation, Sheldon Adelson, Singapore | 4 Comments

Marina Bay Sands Film Festival

Posted on May 4, 2010 by David McKee

Welcome to soothing, serene Marina Bay Sands, in Singapore, where good feelings were the order of the day when Las Vegas Sands soft-opened the megaresort as only CEO Sheldon Adelson‘s flunkies can … … complete with luxurious transportation … … … Continue reading →

Posted in Genting, International, Sheldon Adelson, Singapore, TV | 6 Comments

Macao’s best month ever

Posted on May 3, 2010 by David McKee

Pace T.S. Eliot, April was not the cruelest month for Macao. Quite the contrary: The protectorate posted gambling revenues of $1.72 billion, a single-month record. Galaxy Entertainment (whose new Cotai Strip™ pleasure palace is pictured, above) brought up the rear, … Continue reading →

Posted in Current, Economy, International, James Packer, Lawrence Ho, Macau, Melco Crown Entertainment, MGM Mirage, Regulation, Sheldon Adelson, Stanley Ho, Steve Wynn | Comments Off

Sheldon’s smokin’ (something)

Posted on April 30, 2010 by David McKee

If any other gaming CEO than Sheldon Adelson opened the most expensive casino ever ($5.5 billion) and projected it would recoup its tab in five years — requiring a return on investment well above 20% when you take operating costs … Continue reading →

Posted in Atlantic City, Colony Capital, Entertainment, Fontainebleau, Harrah's, International, Macau, Marketing, Penn National, Pennsylvania, Planet Hollywood, Sheldon Adelson, Singapore, Station Casinos, Wall Street, World Series of Poker | 2 Comments

Steve Wynn may take his ball …

Posted on April 22, 2010 by David McKee

… and move to Macao. Or so he says. Given Steve Wynn‘s long track record of thinking aloud, I’d assign a low probability to this trial-balloon idea. Besides, in the U.S. the mogul can pop off at the government without … Continue reading →

Posted in CityCenter, Economy, International, Macau, MGM Mirage, Sheldon Adelson, Steve Wynn, The Strip, TV | 1 Comment

Massive defeat for Patrick in Mass.

Posted on April 15, 2010 by David McKee

Lawmakers in Massachusetts ran roughshod over Gov. Deval Patrick (D), overwhelmingly approving a four-racino, two-casino formula the governor opposes. They also resisted the urgings of those who would put the two, $500 million casino resorts out in the boonies, giving … Continue reading →

Posted in Current, Economy, Macau, Massachusetts, Politics, Regulation, Sheldon Adelson, The Mob, Tribal | 2 Comments

Case Bets: St. Louis, Florida & antiques

Posted on April 15, 2010 by David McKee

It was the best of times … almost. Pinnacle Entertainment‘s opening of River City not only propelled a 9% increase in casino revenue in the St. Louis market, it gave the area “its busiest month ever.” While River City’s $15.9 … Continue reading →

Posted in Ameristar, Boyd Gaming, Current, Economy, Entertainment, Harrah's, Missouri, Pinnacle Entertainment, Politics, Reno, Sheldon Adelson, Tribal, Wall Street | 2 Comments

Betting on Adelson

Posted on April 13, 2010 by David McKee

Analysts at J.P. Morgan are downright bullish on Las Vegas Sands, raising their stock price target by over 25% (to $29/share). Their ebullience is motivated in large part by expectations for Marina Bay Sands, which they estimate will garner 55% … Continue reading →

Posted in Ameristar, CityCenter, Economy, Indiana, Kansas, Lyle Berman, Macau, MGM Mirage, Missouri, Pinnacle Entertainment, Sheldon Adelson, Singapore, Steve Wynn, The Strip, Tourism, Tribal, Wall Street | 1 Comment

Quote of the Day

Posted on April 13, 2010 by David McKee

“This is a Nevada variation of ‘too big to fail.’ The big growth market is Asia, and if you want to be in the gaming business you need to be in Asia. Therefore, you have to do things the way … Continue reading →

Posted in International, Macau, MGM Mirage, Pansy Ho, Regulation, Sheldon Adelson, Stanley Ho, Steve Wynn, The Mob | Comments Off

A “sudden malady” it was

Posted on April 12, 2010 by David McKee

Last week, when pondering the largely (in the case of the Las Vegas Review-Journal) or completely (in the instance of the Las Vegas Sun) botched coverage of the simultaneous Macao scandals afflicting Las Vegas Sands and MGM Mirage, I puzzled … Continue reading →

Posted in Current, Macau, MGM Mirage, Regulation, Sheldon Adelson, Technology | 3 Comments

This just in: Wynn jilts Philadelphia

Posted on April 8, 2010 by David McKee

On Monday, Steve Wynn was making nice with Philadelphia Mayor Michael Nutter and vowing to glad-hand every civic leader in sight. He had a full set of renderings for how his Wynn Resorts makeover of the mortally wounded Foxwoods project … Continue reading →

Posted in Architecture, Atlantic City, Boyd Gaming, Cannery Casino Resorts, Current, Don Barden, Harrah's, MGM Mirage, Neil Bluhm, Penn National, Pennsylvania, Politics, Racinos, Regulation, Sheldon Adelson, Steve Wynn, Taxes, Tribal | Comments Off

MGM, Sands & the cone of silence

Posted on April 8, 2010 by David McKee

While Las Vegas Review-Journal Publisher Sherman Frederick was fretting about the “troubling egg caper” in Searchlight, Nev., his newspaper wasn’t losing much sleep over a double-barreled casino scandal. Either a sudden malady had wiped out the gaming desk or somebody … Continue reading →

Posted in Atlantic City, Current, Election, Harry Reid, Illinois, Macau, Marketing, MGM Mirage, North Las Vegas, Pansy Ho, Regulation, Sheldon Adelson, Stanley Ho, The Mob | Comments Off