Category Archives: Stanley Ho

Vegas: Weak on Strip, robust in locals play

Posted on June 30, 2016 by David McKee

One less weekend and a tough comparison with last year’s Mayweather-Pacquiao charade translated into a weak May for both the Las Vegas Strip, down 12%, and Nevada casinos in general, 4.5% off the pace. There were some sort of bright … Continue reading →

Posted in Boulder Strip, Boyd Gaming, Downtown, Internet gambling, Lake Tahoe, Laughlin, Macau, Nevada, North Las Vegas, Pansy Ho, Pennsylvania, Reno, Sheldon Adelson, Stanley Ho, Station Casinos, The Strip, Wall Street | Comments Off

Doing it the right way

Posted on June 21, 2016 by David McKee

In keeping with the aphorism that history repeats itself, first as tragedy, then as farce, Glenn Straub‘s fire-aim-ready attempt to reopen Revel continues to drag on, providing an object lesson in how not to open a casino. As though to … Continue reading →

Posted in Atlantic City, Carl Icahn, Internet gambling, Macau, New York, Politics, Problem gambling, Revel, Stanley Ho, Tropicana Entertainment | 1 Comment

Penn has big plans for Trop; DFS sites feel the heat

Posted on June 14, 2016 by David McKee

High rollers aren’t spending as much as they used to at Penn National Gaming casinos, reports JP Morgan analyst Joseph Greff, after meeting with CEO Tim Wilmott. Overall, Penn says its springtime revenues have been tracking with its expectations. Greff … Continue reading →

Posted in Atlantic City, California, Colorado, Dining, Economy, Election, Florida, Internet gambling, Isle of Capri, Marketing, Massachusetts, MGM Mirage, Penn National, Stanley Ho, Technology, The Strip, Tribal, Wall Street | 2 Comments

PokerStars camel meets eye of needle; Penn loses last-gasp appeal

Posted on May 25, 2016 by David McKee

California state Rep. Adam Gray‘s online-gaming bill comes under some close scrutiny from analysts Steven Eichorn and Jeff Ifrah. As expected, there is no “bad actor” clause that would explicitly keep Unlawful Internet Gambling Enforcement Act scofflaws like PokerStars out … Continue reading →

Posted in Atlantic City, Boyd Gaming, California, Genting, Internet gambling, Iowa, Law enforcement, MGM Mirage, New York, Penn National, PokerStars, Politics, Regulation, Singapore, Stanley Ho, Tribal | Comments Off

New era at Trump Taj Mahal; Blasphemous gambling promo spanked

Posted on May 24, 2016 by David McKee

He’s been handed a small budget ($15 million) for the task at hand, but new Trump Taj Mahal boss Anthony Rodio has been charged with undoing the damage inflicted on the property during the Bob Griffin era. This includes “reactivating … Continue reading →

Posted in Affinity Gaming, Atlantic City, Boyd Gaming, Cannery Casino Resorts, CityCenter, Dining, history, Internet gambling, Macau, MGM Mirage, Penn National, Regulation, Sports, Stanley Ho, Station Casinos, Tamares Group, Technology, Tropicana Entertainment, Unite-Here | 1 Comment

Macao: No more tables for you

Posted on May 9, 2016 by David McKee

When Macao authorities imposed caps on table-game allotments, Western casino companies condescendingly said that the Chinese didn’t really mean it and would lift the caps as the Cotai Strip was built out. Guess again. Secretary for Economy & Finance Lionel Leong said … Continue reading →

Posted in Economy, Harrah's, Macau, MGM Mirage, Regulation, Sheldon Adelson, Stanley Ho, Steve Wynn | Comments Off

Strip disappoints in March; Genting pulls out of Macao

Posted on April 28, 2016 by David McKee

Just when Wall Street expected levels of revenue on the Las Vegas Strip to rise in March, business did a head-fake and dropped 4%. Again, “the Easter shift” is being blamed but stock analysts should have seen that coming. (A … Continue reading →

Posted in Boulder Strip, Downtown, Economy, Genting, Internet gambling, Lake Tahoe, Laughlin, Macau, North Las Vegas, Regulation, Reno, Singapore, Stanley Ho, Taxes, The Strip, Tourism, Tropicana Entertainment, Unite-Here, Wall Street | Comments Off

Tribal gaming comes to Indiana; Casinos change hands in Macao

Posted on March 24, 2016 by David McKee

Indiana casinos are on course to face a significant new competitor: a $400 million project in South Bend, bankrolled by the Pokagon Band of Potawatomi Indians. No date has been set for the beginning of construction but the Potawatomi have struck … Continue reading →

Posted in Indiana, International, Macau, Regulation, Stanley Ho, Taxes, Tribal | Comments Off

Adelson sets the pace; Philippine gaming scandal grows legs

Posted on March 15, 2016 by David McKee

As March gets off to a week start in Macao, operators who don’t yet have a presence on the giant landfill known as Cotai — namely Wynn Resorts, MGM Resorts International and Sociedade de Jogos de Macau — are being … Continue reading →

Posted in Law enforcement, Macau, Marketing, Massachusetts, Melco Crown Entertainment, MGM Mirage, Penn National, Philippines, Regulation, Sheldon Adelson, Stanley Ho, Steve Wynn, Wall Street | Comments Off

Study: Triads rampant in Macao casinos

Posted on March 3, 2016 by David McKee

Wow, what a shocker — not. A new study by T. Wing Lo and Sharon Ingrid Kwok of the City University of Hong Kong for the British Journal of Criminology reports that casino operators look for junket partners who have ‘dor’ or … Continue reading →

Posted in Election, Law enforcement, Macau, Marketing, Massachusetts, MGM Mirage, Neil Bluhm, Regulation, Rhode Island, Stanley Ho, Steve Wynn, The Mob, Tribal | Comments Off

Wynn Resorts opens its wallet; Further woes for Macao

Posted on January 14, 2016 by David McKee

The most “george” figure in the casino industry last year would have to be Steve Wynn. Rank-and-file employees at Wynn Macau received a month’s salary as an end-of-year bonus. Senior management is ineligible for bonuses. Now, this is part of … Continue reading →

Posted in Economy, International, Law enforcement, Macau, Marketing, Regulation, Stanley Ho, Steve Wynn, Tribal, Wall Street | Comments Off

Crosby: DFS equals Internet gambling; Macao’s newfound love for slot players

Posted on January 13, 2016 by David McKee

Although state Attorney General Maura Healey continues to draw a road map for daily fantasy sports in Massachusetts, the state’s gambling regulatory body has stepped forward to volunteer its services as an enforcement agent. Yes, DFS would be classified as … Continue reading →

Posted in Illinois, Internet gambling, Macau, Marketing, Massachusetts, MGM Mirage, Missouri, New York, Penn National, Regulation, Stanley Ho, Tribal, Tropicana Entertainment, Wall Street | Comments Off

Arc de scandale; New Illinois casino nominee

Posted on January 7, 2016 by David McKee

Macao is still reeling from an embezzlement scandal involving a Wynn Macau junket operator and now $13 million has gone missing from L’Arc, a sublicensee of Sociedade de Jogos de Macau and owned by SJM’s Angela Leong. This immediately raised … Continue reading →

Posted in Foxwoods, Galaxy Entertainment, Illinois, Macau, Massachusetts, MGM Mirage, Mohegan Sun, Penn National, Regulation, Sheldon Adelson, Stanley Ho, Steve Wynn, Wall Street | Comments Off

Suffolk Downs fights back; Scrum in New Jersey Lege

Posted on January 5, 2016 by David McKee

Boston Mayor Martin Walsh may well have thrown in the towel in his lawsuit against Wynn Everett (technically against the Massachusetts Gaming Commission) but a quartet of Suffolk Downs workers aren’t letting Judge Janet Sanders‘ dismissal of aforesaid lawsuit go … Continue reading →

Posted in Atlantic City, Colony Capital, Entertainment, Glenn Straub, Macau, Massachusetts, MGM Mirage, Politics, Racinos, Regulation, Revel, Stanley Ho, Steve Wynn, The Strip | 1 Comment

No Great Pumpkin for Las Vegas; Further woe for Macao

Posted on December 1, 2015 by David McKee

It was Las Vegas Strip casinos’ bad luck to have Oct. 31 fall on a Saturday, meaning that revenues (particularly from slots) from that weekend won’t be reported until the end of November. Consequently, Strip revenues fell 5% in October, … Continue reading →

Posted in Boulder Strip, Dan Gilbert, Detroit, Dining, Downtown, Economy, Galaxy Entertainment, Lake Tahoe, Laughlin, Law enforcement, Macau, Maryland, Melco Crown Entertainment, MGM Mirage, North Las Vegas, Reno, Sheldon Adelson, Stanley Ho, Steve Wynn, Wall Street | 1 Comment

Phil Ruffin, International Man of Mystery; Another day, another DFS probe

Posted on November 12, 2015 by David McKee

So now we know where those The Mirage-is-for-sale rumors were coming from. Seems that the place really was not for sale, although Phil Ruffin wished it was, to the tune of $1.3 billion. And, as badly as MGM Resorts International … Continue reading →

Posted in Atlantic City, Donald Trump, GLPI, Internet gambling, Macau, MGM Mirage, Phil Ruffin, Politics, Regulation, Sports, Stanley Ho, The Strip, Wall Street | Comments Off

Caesars: (Almost) everything must go; More angst in Macao

Posted on October 27, 2015 by David McKee

Well, it had to happen eventually. In order to escape bankruptcy, Caesars Entertainment is putting Caesars Entertainment Operating Co. on the market. There are some who are calling this a bluff and others who can’t afford to get in on … Continue reading →

Posted in Atlantic City, Boyd Gaming, California, Economy, GLPI, Harrah's, Illinois, Indiana, International, Iowa, Lake Tahoe, Lawrence Ho, Louisiana, Marketing, Melco Crown Entertainment, MGM Mirage, Mississippi, Missouri, Ohio, Penn National, Philippines, Regulation, Reno, Sheldon Adelson, Stanley Ho, Steve Wynn, The Strip, Tribal, Wall Street | 1 Comment

China is the watchword; Atlantic City rebounds

Posted on September 16, 2015 by David McKee

Builders of $135 million Lucky Dragon Casino, across Sahara Avenue from the former Circus Circus RV park, are fast-tracking the project for a mid-2016 opening. Financed with EB-5 visa contributions, Lucky Dragon hopes to be a one-stop shop for Chinese players … Continue reading →

Posted in Animals, Atlantic City, Culinary Union, Dining, Election, Lucky Dragon, Macau, Regulation, Sheldon Adelson, SLS Las Vegas, Stanley Ho, Steve Wynn, Technology, The Strip, Tourism, Wall Street | Comments Off

Tribe outfoxes Arizona; Macao is glutted

Posted on September 11, 2015 by David McKee

Rather than continue waiting for Arizona casino czar Daniel Bergin to reverse himself and give them permission to open a Class III casino, the Tohono O’odham Nation has done an end run. It will open with 1,089 Class II electronic … Continue reading →

Posted in Arizona, Culinary Union, Galaxy Entertainment, Macau, Melco Crown Entertainment, MGM Mirage, Palms, Regulation, Sheldon Adelson, Stanley Ho, Steve Wynn, Tribal, Uncategorized, Wall Street | Comments Off

Bidding war in cyberspace; Adelson flexes Macao muscles

Posted on September 2, 2015 by David McKee

Having been outbid by GVC Holdings and jilted by Bwin.Party Digital Entertainment, Israeli-based 888 Holdings is upping the ante again in what is shaping up as the bidding war of the year. Meanwhile, Internet gamblers can look forward to a new … Continue reading →

Posted in Galaxy Entertainment, International, Macau, Neil Bluhm, New York, Racinos, Sheldon Adelson, Stanley Ho | Comments Off