Category Archives: Sheldon Adelson

Adelson disappoints again, as does Kansas

Posted on April 7, 2010 by David McKee

“I don’t think we’re counting on them carrying the ball like we thought they would,” is the bottom line of a Wall Street Journal story on Las Vegas Sands‘ failure to complete $743 million Sands Bethlehem. Even though he once … Continue reading →

Posted in Current, Economy, Kansas, Lyle Berman, Pennsylvania, Racinos, Regulation, Sheldon Adelson, Steve Wynn, Tourism | 2 Comments

Quote of the Day

Posted on April 7, 2010 by David McKee

“My concern is they overspent on the two integrated resorts. Instead of allowing both casinos to open in a more relaxed way during the first few years, the [integrated resorts] are now under tremendous pressure.” — Singapore-based casino consultant Ronald … Continue reading →

Posted in Genting, International, Macau, Sheldon Adelson, Singapore, Tourism | Comments Off on Quote of the Day

Wynn delivers

Posted on April 6, 2010 by David McKee

Surprising as ever, Steve Wynn showed up in Philadelphia yesterday bearing a sheaf of renderings for his proposed casinos — three weeks ahead of schedule. Wynn’s final design looks a mite grander than the one he let Steve Friess photograph, … Continue reading →

Posted in Alabama, Architecture, Bally Technologies, Current, Economy, Isle of Capri, Massachusetts, Mississippi, Neil Bluhm, Pennsylvania, Politics, Racinos, Regulation, Sheldon Adelson, Steve Wynn, Tribal | 1 Comment

From the S&G Twitter feed …

Posted on April 5, 2010 by David McKee

It’s a crazy day here and I’m deeply enmeshed in reportage (hint: it involves Station Casinos) so I’d like to take up some of the blogging slack by once more pimping the S&G Twitter feed (@stiffsgeorges), which can also be … Continue reading →

Posted in Alex Yemenidjian, Archon Corp., Bally Technologies, Current, Election, Entertainment, Harrah's, Isle of Capri, James Packer, Lawrence Ho, Macau, Marketing, Melco Crown Entertainment, MGM Mirage, Mississippi, Pinnacle Entertainment, Planet Hollywood, Sheldon Adelson, Singapore, Steve Wynn, Technology, Wall Street | Comments Off on From the S&G Twitter feed …

Rose prophetic re: Macao

Posted on April 5, 2010 by David McKee

While Las Vegas newspapers have been reticent regarding the regulatory can of worms opened by recent findings about the Macanese operations of Las Vegas Sands and MGM Mirage, veteran gaming legal analyst I. Nelson Rose has felt no such compunction. … Continue reading →

Posted in Atlantic City, Detroit, Economy, Illinois, MGM Mirage, Mississippi, Pansy Ho, Regulation, Sheldon Adelson, Stanley Ho, The Mob | 1 Comment

S**t hits MGM, Sands fan

Posted on April 1, 2010 by David McKee

Local newspapers — and bloggers — have been slow to pick up on a couple of Reuters dispatches that show — as some doomsayers prognosticated — that involvement in Macao is coming back to bite the U.S. casino industry in … Continue reading →

Posted in Atlantic City, CityCenter, Detroit, Illinois, Macau, Mississippi, Pansy Ho, Pennsylvania, Regulation, Sheldon Adelson, Stanley Ho, The Mob | 5 Comments

Sands’ strength, weakness inseparable

Posted on March 31, 2010 by David McKee

Ka-ching! The price tag on Marina Bay Sands has just gone up again. According to a Singapore Press Club and Asia Journalism Fellowship panel discussion, the über-megaresort has now hit the $6 billion mark. One participant pegged Sands’ 12-month gambling … Continue reading →

Posted in Alex Yemenidjian, Current, Economy, Macau, Pennsylvania, Regulation, Sheldon Adelson, Singapore, The Strip, Wall Street | Comments Off on Sands’ strength, weakness inseparable

There are no triads in Macao

Posted on March 30, 2010 by David McKee

Yeah, and if you believe that, boy, do I have a dandy bridge in Brooklyn to sell you. Not only are triads alive, well and operating in Macao, they succeeded in infiltrating Sands Macao, according to a detailed investigative report … Continue reading →

Posted in Current, Economy, Florida, International, Macau, Massachusetts, Pennsylvania, Regulation, Sheldon Adelson, Singapore, Stanley Ho, The Mob | 2 Comments

Solitude at Trump

Posted on March 30, 2010 by David McKee

As the old saying goes, I have so much to do that I am going to bed. Actually, no, but I’m still wrapping my feeble brain around the double-whammy of the Station Casinos bankruptcy proposal and the brewing triads-at-Sands Macao … Continue reading →

Posted in Donald Trump, Economy, Macau, Pennsylvania, Phil Ruffin, Regulation, Sheldon Adelson, Station Casinos, Steve Wynn, The Mob, The Strip, Tourism | 7 Comments

Quote of the Day

Posted on March 24, 2010 by David McKee

“The days of $1,000 bottles of liquor and $15,000 cabanas and $500 room rates aren’t coming back. People need to stop talking about when the good times are coming back because they never are. The world returning to 2006 would … Continue reading →

Posted in Economy, Pennsylvania, Sheldon Adelson, The Strip | Comments Off on Quote of the Day

Case Bets: Gibbons vs. gaming; Pansy Ho; R-J shocked, shocked!; Rat Pack not back

Posted on March 19, 2010 by David McKee

First off, a hearty S&G salute to Steve Friess, named “Best Blogger” by the readers of Las Vegas CityLife. (Yes, I was nominated but didn’t even make it into second place. I’ll live.) As you scroll — and scroll — … Continue reading →

Posted in Colony Capital, Columbia Sussex, Economy, Entertainment, Macau, Midnight Jim Gibbons, New York, Pansy Ho, Regulation, Sahara, Sheldon Adelson, Stanley Ho, Taxes, Technology, The Mob, The Strip, Tourism | 3 Comments

Exonerating Adelson

Posted on March 17, 2010 by David McKee

While Las Vegas Sands CEO Sheldon Adelson might approve of Gary Kreep‘s recent PAC-tivities, inasmuch as they redound to the detriment of competitor MGM Mirage, he’s not behind them. Or, to put it another way, if Adelson’s been involved it … Continue reading →

Posted in California, CityCenter, Current, Dubai, Election, Florida, Macau, MGM Mirage, Morgans Hotel Group, Politics, Regulation, Sheldon Adelson, Stanley Ho | 5 Comments

Capping Macao

Posted on March 16, 2010 by David McKee

Compared to the acrimony currently flowing on the Strip, a stunning new policy directive from across the Pacific practically qualifies as “happy-talk news” … With casino revenues increasing at a jet-propelled pace, China has yet again applied the brakes to … Continue reading →

Posted in Current, International, Macau, Plaza, Regulation, Sheldon Adelson, Stanley Ho, Steve Wynn, Tourism, Wall Street | 6 Comments

Case Bets: Lake Las Vegas, Todd English, the CityCenter smear, Harrah’s Chester, etc.

Posted on March 16, 2010 by David McKee

Far on the outskirts of Sin City, the Kingdom of Make-Believe (aka Lake Las Vegas) is the newest and — in terms of acreage — biggest metaphor yet for the unrealistic expectations and sometimes insane assumptions which have laid our … Continue reading →

Posted in Archon Corp., CityCenter, Current, Dining, Dubai, Economy, Election, Harrah's, Harry Reid, Lake Las Vegas, Laughlin, Macau, Marketing, MGM Mirage, Pennsylvania, Sheldon Adelson, The Strip, TV | 14 Comments

House of cards

Posted on March 12, 2010 by David McKee

Literally. How Venetian Macao was recreated in playing-card form.

Posted in Macau, Sheldon Adelson, TV | Comments Off on House of cards

Who’s crazier: Adelson or Florida?

Posted on March 12, 2010 by David McKee

Pay no attention to the over-budget, behind-schedule megaresort in the background. Six casinos at $2 billion apiece. No joking, that’s what a Sheldon Adelson flunky is proposing in Florida. (I guess the white-out of Atlantic City isn’t the only snow … Continue reading →

Posted in Atlantic City, Current, Economy, Macau, Pennsylvania, Politics, Sheldon Adelson, Singapore, Taxes, The Strip | 4 Comments

This is getting nasty

Posted on March 11, 2010 by David McKee

Update: S&G sends its condolences to Sen. Reid after his wife and daughter were severely injured in an automobile accident this afternoon. Back when Archon Corp. Treasurer Sue Lowden (left) threw her hat into the 2010 U.S. Senate race, I … Continue reading →

Posted in Archon Corp., CityCenter, Current, Economy, Election, Harry Reid, Labor, Laughlin, Marketing, MGM Mirage, Sheldon Adelson, TV | 1 Comment

First, the good news …

Posted on March 11, 2010 by David McKee

Congratulations to MGM Mirage for being named, for the fourth time in five years, to DiversityInc‘s “Top 50 Companies for Diversity.” Like predecessor J. Terrence Lanni, not only does CEO Jim Murren say the right things (“As long as I … Continue reading →

Posted in Current, Economy, Internet gambling, MGM Mirage, New York, Penn National, Politics, Racinos, Regulation, Sahara, Sheldon Adelson, Sports, The Strip, Wall Street | Comments Off on First, the good news …

Fortune doesn’t favor the Boyd

Posted on March 10, 2010 by David McKee

Fortune, in the sense of “destiny,” supposedly favors the bold. Fortune, the magazine, holds no great affection for Boyd Gaming. Since the company is one for which I’ve long had high regard, it gives me no pleasure to report this. … Continue reading →

Posted in Boyd Gaming, Charity, Current, Harrah's, International, Isle of Capri, Macau, MGM Mirage, Movies, Penn National, Sheldon Adelson, Steve Wynn, Wall Street | 4 Comments

Going slow in Pennsylvania

Posted on March 10, 2010 by David McKee

Despite having the highest-grossing “slot parlor” (now don’t that sound genteel?) in Pennsylvania, racino Parx Casino is making a gingerly entry into the uncharted waters of table-game play. While state law would allow Parx to put in as many as … Continue reading →

Posted in Current, Harrah's, Pennsylvania, Regulation, Sheldon Adelson, Steve Wynn | 2 Comments