Category Archives: South Korea

Caesars, bankrupt, rewards Loveman

Posted on January 8, 2015 by David McKee

Both sides in the Caesars Entertainment bankruptcy are playing hardball. According to Bloomberg News, senior bondholders don’t care for what Caesars is offering and want a bigger payday. “Investors who say they own $1.6 billion in Caesars first-lien notes hired … Continue reading →

Posted in Harrah's, Louisiana, South Korea, The Strip, Wall Street | 1 Comment

Macao: Pressure for change; Stanley Ho into South Korea?

Posted on December 22, 2014 by David McKee

Despite having only one-tenth as many hotel rooms as Las Vegas, the enclave of Macao is feeling the pressure to develop a more tourism-oriented business model. China’s president, Xi Jinping visited Macao last weekend and dropped a few strong hints. … Continue reading →

Posted in Cirque du Soleil, Harrah's, International, Macau, Marketing, New York, Politics, Sheldon Adelson, South Korea, Stanley Ho, Tourism | Comments Off on Macao: Pressure for change; Stanley Ho into South Korea?

The war over Caesars

Posted on December 8, 2014 by David McKee

That Caesars Entertainment plan to subdivide itself into a REIT may be a one-week wonder: Creditors are reported to be balking at the structure. “The creditors want to make sure the REIT is structured in a way that protects them … Continue reading →

Posted in Atlantic City, Delaware, Harrah's, Internet gambling, New York, South Korea, Station Casinos, Trump Entertainment Resorts, Wall Street | 1 Comment

Failure in Japan … on to South Korea

Posted on November 24, 2014 by David McKee

Casino legalization fell on its sword in Japan when Prime Minister Shinzo Abe abruptly dissolved the Diet, in order to call for elections. According to Reuters, “That means lawmakers cannot pass regulatory legislation next year, making it highly unlikely any … Continue reading →

Posted in Harrah's, Japan, Macau, Marketing, MGM Mirage, Mohegan Sun, Politics, Sheldon Adelson, South Korea, Transportation | Comments Off on Failure in Japan … on to South Korea

Rough times in Macao; The NFL’s double standard

Posted on November 3, 2014 by David McKee

At least in relative, this month is shaping up as the worst in Macao‘s casino history, with the gambling industry looking at a 23% drop in gross receipts. And when 80% of your economy is predicated on casinos, you’ve got … Continue reading →

Posted in Architecture, Atlantic City, International, Macau, MGM Mirage, Regulation, Sheldon Adelson, South Korea, Sports, Steve Wynn | 2 Comments

Pacific overtures

Posted on September 25, 2014 by David McKee

Lord knows where they keep coming up with the money for these things, especially with a prepacked bankruptcy being bruited about, but Caesars Entertainment and partner Lippo (a Chinese firm) are beavering away on a South Korea casino complex near … Continue reading →

Posted in Affinity Gaming, Colorado, Harrah's, International, Iowa, Macau, MGM Mirage, Missouri, Singapore, South Korea, Taxes | Comments Off on Pacific overtures