Category Archives: Sheldon Adelson

Case Bets: Cullotta’s moll, squeeze on Sands, gay old UFC

Posted on November 17, 2009 by David McKee

Local radio chatterbox Heidi Harris recently set her pants on fire attempting to rewrite history about a Mob terror campaign against then-Nevada Gaming Commissioners (one of whom went on to become Sen. Harry Reid [D-NV]). The evidence seems pretty unambiguous … Continue reading →

Posted in Harry Reid, International, Macau, Politics, Regulation, Sheldon Adelson, Singapore, Sports, Station Casinos, The Mob, TV, Wall Street | 6 Comments

Case Bets: Strippers, Tomlin & no water in Macao

Posted on November 11, 2009 by David McKee

Being still deeply enmeshed in CityCenter-related materials (Kirvin Doak must be getting paid by the word, judging from the plethora of press releases it’s generated), I have to be a hit-and-run blogger today. Can’t go to the strip club? No … Continue reading →

Posted in Current, Entertainment, Environment, Harrah's, James Packer, Lawrence Ho, Macau, Marketing, Melco Crown Entertainment, MGM Mirage, Sheldon Adelson, The Strip, Tourism, TV | Comments Off on Case Bets: Strippers, Tomlin & no water in Macao

Strip bottoming out

Posted on November 10, 2009 by David McKee

September’s Nevada gaming revenue numbers are in and the good news is that the Strip is only -4% year/year. (Strip revs were down all of ’08 but didn’t fall off the cliff until October, when they tumbled 26%.) This makes … Continue reading →

Posted in Aristocrat, Boulder Strip, Boyd Gaming, Columbia Sussex, Current, Economy, G2E, Harrah's, Herbst Gaming, International, Isle of Capri, Macau, Mesquite, Ohio, Reno, Sheldon Adelson, Stanley Ho, Station Casinos, Steve Wynn, The Strip, Tourism, Transportation, Wall Street | Comments Off on Strip bottoming out

Quote of the Day

Posted on November 9, 2009 by David McKee

“Turns out Newton isn’t the only Wayne in town with shot vocal cords.” — DailyFiasco.com, reporting on Wayne Brady‘s cancellation of all remaining 2009 performances of Making %@it Up at the Venetian. We can’t imagine an under-the-weather Brady sounding worse … Continue reading →

Posted in Current, Entertainment, Sheldon Adelson, The Strip | Comments Off on Quote of the Day

“It’s a bargain hunter’s paradise”

Posted on November 4, 2009 by David McKee

So sayeth our own Anthony Curtis, toward the end of a superb MSNBC analysis of the impending impact of CityCenter. Other industry moguls, including Sheldon Adelson and Steve Wynn, take a cautious but hopeful view. Even the normally optimistic Bill … Continue reading →

Posted in CityCenter, Cordish Co., Economy, Kansas, Maryland, MGM Mirage, Penn National, Regulation, Sheldon Adelson, Steve Wynn, Tourism, TV, Wall Street | 2 Comments

Wynn bails on N.Y.

Posted on November 4, 2009 by David McKee

As they come into the backstretch on the bidding for a racino at New York‘s Aqueduct Racetrack, one contender has pulled out of the race: Steve Wynn. Did he balk at the $200 million upfront fee? Penn National Gaming basically … Continue reading →

Posted in Current, Downtown, Economy, Florida, Harrah's, Macau, MGM Mirage, New York, Racinos, Regulation, Sheldon Adelson, Stanley Ho, Steve Wynn, Tilman Fertitta, Transportation, Tribal, Wall Street | Comments Off on Wynn bails on N.Y.

From the mailbag #11

Posted on November 4, 2009 by David McKee

A reader clipped the following from a recent Las Vegas Sands 10-Q. The passage in question refers to a disputed $400,o0o worth of work performed on Venetian President Rob Goldstein‘s pied a terre. No wonder Mr. Goldstein lined up on … Continue reading →

Posted in Sheldon Adelson, Wall Street | 1 Comment

Case Bets: Kansas, Ohio & Singapore

Posted on November 3, 2009 by David McKee

Lyle Berman‘s casino project near Wichita is losing momentum. If you can’t afford to build even a 100-room hotel, times are dire indeed. Union Gaming‘s Bill Lerner makes the counter-argument that some casino is better than no casino. Raving Consulting … Continue reading →

Posted in Current, Genting, Kansas, Ohio, Penn National, Politics, Sheldon Adelson, Singapore, Tourism | 1 Comment

Mermaids in Macao

Posted on November 3, 2009 by David McKee

Some lovely footage, mostly for the heck of it, although indicators continue to suggest that Steve Wynn got into the Hong Kong bourse at just the right moment and Sheldon Adelson will miss the tide.

Posted in Economy, Lawrence Ho, Macau, Melco Crown Entertainment, Sheldon Adelson, Stanley Ho, Steve Wynn | Comments Off on Mermaids in Macao

Case Bets: CityCenter, Boyd odyssey, Massachusetts & the “Admiral”

Posted on November 2, 2009 by David McKee

There’s continued apprehension about MGM Mirage‘s $8.5 billion, 7,200-unit CityCenter, especially now that hotel rooms there are going for less than ones at either the Venetian or Encore. (Thinking positively: Who knew CityCenter was going to be so affordable?) Business … Continue reading →

Posted in Architecture, Boyd Gaming, CityCenter, Current, Economy, Encore, Harrah's, Kansas, Massachusetts, MGM Mirage, Missouri, Ohio, Pennsylvania, Pinnacle Entertainment, Sheldon Adelson, The Strip, Tourism, Wall Street | 8 Comments

They’re just wild about Harry

Posted on October 30, 2009 by David McKee

Despite his (at best) tepid standing with the Nevada electorate — whether the right or the left — Sen. Harry Reid (D) has almost every important name in the casino industry in his corner. Sheldon Adelson may yet choose to … Continue reading →

Posted in Archon Corp., Cordish Co., Economy, Election, Entertainment, Harrah's, Harry Reid, International, Macau, Maryland, MGM Mirage, Pennsylvania, Politics, Regulation, Sheldon Adelson, Singapore, Station Casinos, Steve Wynn, Taxes, TV, Wall Street | Comments Off on They’re just wild about Harry

Case Bets: Pinnacle, Pennsylvania, Harrah’s & Sands

Posted on October 30, 2009 by David McKee

Third quarter at PNK: 3Q09 numbers are out for Pinnacle Entertainment and the comparisons cover the spectrum from very good (Lumiere Place up 19%), good (+5% at L’Auberge du Lac) and lousy (-13% aboard Boomtown New Orleans). Once a free-spending … Continue reading →

Posted in Ameristar, Atlantic City, Current, Detroit, Economy, Harrah's, Louisiana, Macau, Marketing, Missouri, Pennsylvania, Pinnacle Entertainment, Problem gambling, Sheldon Adelson, Taxes, Tribal, Wall Street | 2 Comments

Case Bets: ColSux, Wynn, Agassi, Lake LV, ‘Vega$’

Posted on October 30, 2009 by David McKee

Proverbial “flu-like symptoms” have me feeling light-headed and rather woozy (a delayed reaction to Wayne Newton?), for which the doctor prescribes a dosage of Case Bets … Another ColSux sale: Struggling hotelier Columbia Sussex has, for the not-inconsiderable sum of … Continue reading →

Posted in Columbia Sussex, Current, Dining, Downtown, Encore, Iowa, Lake Las Vegas, Louisiana, Oscar Goodman, Politics, Sheldon Adelson, Steve Wynn, The Strip, Tilman Fertitta, Tropicana Entertainment, TV | 3 Comments

Quote of the Day

Posted on October 28, 2009 by David McKee

“It’s not legal, and anyone who thinks this is legal is wrong. They are guilty of a misdemeanor if they do this.” — Steve Wynn, who’s not a lawyer but plays one in the newspapers. If he’d read a little, … Continue reading →

Posted in Current, Economy, Entertainment, Regulation, Sheldon Adelson, Steve Wynn, The Strip | 3 Comments

Quote of the Day

Posted on October 27, 2009 by David McKee

“The environment in China is much more free than here. Do they feel they are being deprived of their human rights? No.”  — Steve Wynn, doing his best Sheldon Adelson impersonation.

Posted in Current, International, Macau, Politics, Sheldon Adelson, Steve Wynn | 2 Comments

Adieu F-bleau, hello Hollywood?

Posted on October 26, 2009 by David McKee

Look what just fell into the S&G mailbag: Beginning January 1, 2010 Penn National Gaming will partner with RPM Advertising to develop and execute a brand identity for Hollywood Casinos.  The full service assignment will incorporate research, brand development, media … Continue reading →

Posted in Alex Yemenidjian, Boyd Gaming, CityCenter, Current, Donald Trump, Economy, Entertainment, Fontainebleau, Harrah's, Marketing, MGM Mirage, Penn National, Sheldon Adelson, Station Casinos, Steve Wynn, The Strip, TV | 1 Comment

Only in Nevada

Posted on October 16, 2009 by David McKee

To end the week on a note of levity: For the second time this year, both Gov. Jim Gibbons and Lt. Gov. Brian Krolicki got it into their heads to be out of state simultaneously. (One senses that they don't … Continue reading →

Posted in Current, Election, Harry Reid, Marketing, MGM Mirage, New York, Politics, Sheldon Adelson, The Strip | Comments Off on Only in Nevada

Great O'Day in the morning

Posted on October 16, 2009 by David McKee

Peepshow star/trainwreck-in-progress Aubrey O'Day likes to speak her mind, for whatever it's worth. Evidently the recklessly candid utterances of Ms. O'Day were worth not one, not two but, yes, three dispatches by Richard Abowitz. The fascination is understandable, given an … Continue reading →

Posted in Current, Economy, Entertainment, Macau, Regulation, Sheldon Adelson, Stanley Ho, Steve Wynn, The Strip | Comments Off on Great O'Day in the morning

Macao giveth, Macao taketh away

Posted on October 13, 2009 by David McKee

Casino operators in Macao better make the most of the recent relaxation of visa quotas into the enclave. What the government gives with one hand, it partly reclaims with the other. Casino expansion remains out of the question and the … Continue reading →

Posted in Current, Detroit, Economy, Lawrence Ho, Macau, Melco Crown Entertainment, MGM Mirage, Regulation, Sheldon Adelson, Stanley Ho, Steve Wynn, Tourism, Wall Street | Comments Off on Macao giveth, Macao taketh away

Hope for Boardwalk?

Posted on October 13, 2009 by David McKee

As you know, S&G puts more stock in year/year comparisons than sequential ones, but the most recent set from Atlantic City affords a slender reed of hope. With the help of tighter slots, A.C. held its September decline to 6%, … Continue reading →

Posted in Atlantic City, Boyd Gaming, Carl Icahn, Colony Capital, Current, Economy, Harrah's, Marketing, Maryland, Neil Bluhm, New York, Pennsylvania, Regulation, Sheldon Adelson, Tourism, Tropicana Entertainment | Comments Off on Hope for Boardwalk?