Category Archives: Sheldon Adelson

Sunday at The Palazzo with Sheldon

Posted on October 22, 2008 by David McKee

OK, so the big fella wasn't actually there, to the best of my knowledge, but let's not allow pedanticism to get in the way of a Stephen Sondheim reference. The Better Half and I partook of a $119/night room special … Continue reading →

Posted in Downtown, MGM Mirage, Sheldon Adelson, Tamares Group, The Strip, Tilman Fertitta | Comments Off on Sunday at The Palazzo with Sheldon

Adelson's megaphone muted

Posted on October 22, 2008 by David McKee

If Sen. John McCain pulls off the Nov. 4 comeback he’s predicting, it won’t be any thanks to Sheldon Adelson, who puts his mouth where his money is. (Hence those queasy-making odes to Chinese totalitarianism: “People seem to be living … Continue reading →

Posted in Columbia Sussex, Election, Kentucky, Macau, Pennsylvania, Sheldon Adelson | Comments Off on Adelson's megaphone muted

Up in smoke

Posted on October 14, 2008 by David McKee

Few issues involving the casino industry cause such a conflict between intellect and emotion as that of second-hand smoke. Personally, I think even manure is less offensive to the nostrils than cigarette smoke — and it has fewer carcinogenic side … Continue reading →

Posted in Atlantic City, Colorado, Environment, Harrah's, Illinois, Regulation, Sheldon Adelson, The Strip | Comments Off on Up in smoke

Macao: Not so fast?

Posted on October 3, 2008 by David McKee

Here’s a how-de-do, to paraphrase Gilbert & Sullivan. The head of the Travel Industry Council of Macau appears to confirm a report that many Chinese citizens will now be restricted to visiting the former Portugese colony on a quarterly basis. … Continue reading →

Posted in Colorado, Kansas, Macau, MGM Mirage, Sheldon Adelson, Steve Wynn, Wall Street | Comments Off on Macao: Not so fast?

Harrah's wants your two cents

Posted on October 3, 2008 by David McKee

Not as in your opinion, this time, but just to book a room. That’s right, guys, Harrah’s Las Vegas is offering two-cent Tuesdays. The catch is you have to stay in the Strip casino that most closely resembles an urban … Continue reading →

Posted in Architecture, Harrah's, Sheldon Adelson, The Strip, TV | Comments Off on Harrah's wants your two cents

Macao: Not so fast?

Posted on October 3, 2008 by David McKee

Here’s a how-de-do, to paraphrase Gilbert & Sullivan. The head of the Travel Industry Council of Macau appears to confirm a report that many Chinese citizens will now be restricted to visiting the former Portugese colony on a quarterly basis. … Continue reading →

Posted in Colorado, Kansas, Macau, MGM Mirage, Sheldon Adelson, Steve Wynn, Wall Street | Comments Off on Macao: Not so fast?

Station gets it; In defense of Boyd

Posted on September 25, 2008 by David McKee

Kudos to Station Casinos for agreeing to give its employees first dibs on apartments to be built near Fiesta Henderson. This is a story that fell through the cracks recently but deserves to be highlighted. The land was originally set … Continue reading →

Posted in Boulder Strip, Boyd Gaming, Harrah's, Morgans Hotel Group, Sheldon Adelson, Station Casinos, Steve Wynn, The Strip | Comments Off on Station gets it; In defense of Boyd

Kansas, Round 2: It's Cordish!

Posted on September 19, 2008 by David McKee

OK, I was wrong. Incredibly wrong. As you’ll hear on the next Vegas Gang podcast, I stuck by my prediction that Kansas‘ largest casino contract, the one for the greater Kansas City area, would go to Mohegan Sun. Why? Biggest … Continue reading →

Posted in Atlantic City, Columbia Sussex, Current, Golden Gaming, Kansas, Mississippi, Penn National, Pinnacle Entertainment, Sheldon Adelson, Tribal, Tropicana Entertainment | Comments Off on Kansas, Round 2: It's Cordish!

Case Bets: South Point, Gustav, Monte Carlo, Gold Spike, Excalibur, etc.

Posted on September 2, 2008 by David McKee

Why does a holiday weekend suck? Because it means that instead of having to dig through three days' worth of the Las Vegas Review-Journal on Monday (a depressing task under the best of circumstances), a Tuesday start means at least … Continue reading →

Posted in Animals, Current, Downtown, MGM Mirage, Michael Gaughan, Mississippi, Monte Carlo fire, Sheldon Adelson, Tamares Group, Taxes, The Strip, Wall Street | Comments Off on Case Bets: South Point, Gustav, Monte Carlo, Gold Spike, Excalibur, etc.

From bad to worse

Posted on August 19, 2008 by David McKee

British Reuters lays out a dire scenario for casino bonds, the second-most-distressed sector of the junk-bond market (only media firms are doing worse). "We believe it probably hasn't hit its bottom," is the grave verdict of Moody's Investors Service analyst … Continue reading →

Posted in Columbia Sussex, Donald Trump, Harrah's, Isle of Capri, Morgans Hotel Group, Sheldon Adelson, Station Casinos, The Strip, Wall Street | Comments Off on From bad to worse

More bankruptcies predicted

Posted on August 12, 2008 by David McKee

Financial Week weighs in the casino industry's current doldrums, amplifying the newly recurrent refrain that the revenue diversification which we thought would shield Las Vegas and other destination markets from the bad times is instead increasing its exposure to same. … Continue reading →

Posted in Boyd Gaming, Herbst Gaming, Indiana, Morgans Hotel Group, Sheldon Adelson, The Strip, TV, Wall Street | Comments Off on More bankruptcies predicted

Don't tax me, bro!

Posted on August 6, 2008 by David McKee

Guess who's kvetching about his property tax bill? Why it's our old buddy, Columbia Sussex CEO William J. Yung III — or at least his surrogates at Horizon Vicksburg. It's been the better part of a year since Yung announced … Continue reading →

Posted in Atlantic City, Columbia Sussex, Kansas, Mississippi, Morgans Hotel Group, Pennsylvania, Pinnacle Entertainment, Sheldon Adelson, Taxes, Tribal | Comments Off on Don't tax me, bro!

Sands: More is sometimes less

Posted on August 6, 2008 by David McKee

One of the advantages of availing oneself of Las Vegas' public-transit system is that affords me plenty of time to read corporate filings. Such was the case this morning, when I spent some quality time belatedly curling up with Las … Continue reading →

Posted in Columbia Sussex, Don Barden, Downtown, Harrah's, Macau, Pennsylvania, Sheldon Adelson, The Strip, Wall Street | Comments Off on Sands: More is sometimes less

Ameristar spurned, Wynn rewarded

Posted on July 11, 2008 by David McKee

What’s worse than being jilted? Being told you’re too ugly to to even date. That’s about what happened to Ameristar Casinos, which just got blown off by Crown Ltd. Then again, look at James Packer’s American holdings and pending acquisitions … Continue reading →

Posted in Ameristar, James Packer, Macau, MGM Mirage, Movies, Pennsylvania, Sheldon Adelson, Steve Wynn, The Strip, Wall Street | Comments Off on Ameristar spurned, Wynn rewarded

Vegas Right Now = Bargain Country

Posted on July 2, 2008 by David McKee

While the Las Vegas Convention & Visitors Authority may blanch from peddling bargain-oriented messages, we don’t. While it wasn’t that long ago that some of us were mourning the apparent demise of on-Strip bargains — or redefining said bargains as … Continue reading →

Posted in Boulder Strip, Harrah's, LVCVA, Macau, MGM Mirage, Riviera, Sheldon Adelson, Station Casinos, The Strip, Wall Street | Comments Off on Vegas Right Now = Bargain Country

Case Bets: Airport, Encore, Pahrump, Roadhouse

Posted on June 25, 2008 by David McKee

You know things are bad when McCarran International Airport offers space for three hotel-registration kiosks (ranging from 525 to 935 square feet, starting at $200/foot) and can’t find takers for all of them. Fifteen possible candidates were solicited and, when … Continue reading →

Posted in Boulder Strip, Current, Harrah's, MGM Mirage, Sheldon Adelson, Steve Wynn, The Strip | Comments Off on Case Bets: Airport, Encore, Pahrump, Roadhouse

Turnaround for Lady Luck?

Posted on June 20, 2008 by David McKee

A reliable source sees some light at the end of the Lady Luck tunnel: “CIM took ownership of the timeshare property last Oct. as LL Timeshare. Just this month they’re doing the individual deed assignments.” Don’t get your hopes up … Continue reading →

Posted in Downtown, International, James Packer, Macau, MGM Mirage, Sheldon Adelson, Stanley Ho, Steve Wynn, Wall Street | Comments Off on Turnaround for Lady Luck?

Bargains? Shhhhhhhhhhhh!

Posted on May 28, 2008 by David McKee

Liz Benston takes a look today at the newest message from the Las Vegas Convention & Visitors Authority and finds the LVCVA “thinks it’s bad form to make references to ‘affordable’ and ‘cheap.’” Oh yes, God forbid anybody should think … Continue reading →

Posted in Atlantic City, California, Downtown, Harrah's, LVCVA, Marketing, MGM Mirage, Sheldon Adelson, Station Casinos, The Strip | Comments Off on Bargains? Shhhhhhhhhhhh!

The Alystra is toast

Posted on May 14, 2008 by David McKee

OK, so it was a derelict that's been closed for 10 years and unlikely ever to reopen. But the Alystra is now officially "a total loss." Too bad. It was an attractive building that happened to sit in a sort … Continue reading →

Posted in Architecture, Boulder Strip, Election, Harrah's, Penn National, Regulation, Sheldon Adelson | 1 Comment

Not smoking stunts your (revenue) growth

Posted on May 7, 2008 by David McKee

Let's get one thing clear: Smoking is a noxious habit that's likely to kill you and certain to alienate other people, in my opinion. (I had two grandparents who smoked until the air turned blue, then smoked some more, which … Continue reading →

Posted in Boyd Gaming, Harrah's, Illinois, MGM Mirage, Penn National, Regulation, Sheldon Adelson | Comments Off on Not smoking stunts your (revenue) growth