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Category Archives: Steve Wynn
Judge to Caesars: Get naked; Bite the wax tadpole
“These folks are going to have to pony up the paper,” said U.S. Bankruptcy Court Judge Benjamin Goldgar, stripping the fig leaf from Caesars Entertainment owners Marc Rowan, David Bonderman and others. They’ll have to reveal details of their personal … Continue reading
Posted in Dining, Economy, Georgia, Harrah's, International, Lucky Dragon, Macau, Melco Crown Entertainment, MGM Mirage, Sheldon Adelson, Sports, Steve Wynn, Taxes, The Strip, Transportation, Wall Street
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Tribal opponents caught in the act; Freeman gets ratings boost
Opponents of the Tohono O’odham casino in Glendale may have really stepped in it. According to the Arizona Republic, “lawyers and lobbyists representing the state and two rival Indian communities held confidential meetings about ways to stop it, according to depositions … Continue reading
Posted in Arizona, Geoff Freeman, Harrah's, Internet gambling, MGM Mirage, Problem gambling, Sheldon Adelson, Sports, Steve Wynn, Tribal, TV
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Analysts not sold yet on Macao recovery; Soggy month for Louisiana
They came, they saw, they were unconvinced. “The re-affirmation that mass is improving was pronounced,” reported Deutsche Bank analyst Carlo Santarelli, adding that projections were all over the place. “We get the sense that expectations remain low with respect to … Continue reading
Posted in Australia, Boyd Gaming, Churchill Downs, Economy, Eldorado Resorts, Galaxy Entertainment, GLPI, Harrah's, Isle of Capri, Louisiana, Macau, Massachusetts, Melco Crown Entertainment, MGM Mirage, Penn National, Pinnacle Entertainment, Racinos, Sheldon Adelson, South Korea, Steve Wynn, Tilman Fertitta, Tropicana Entertainment, Wall Street
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Parisian debuts, Adelson still thinking big
Sheldon Adelson™ has refrained from pre-hyping his Parisian Macao, preferring to let the product speak for itself. It opened last night to the customary fireworks display, as well as a dazzling light show on the megaresort’s half-size Eiffel Tower. Additional … Continue reading
Posted in Architecture, Cirque du Soleil, Entertainment, International, Macau, MGM Mirage, Movies, Sheldon Adelson, Singapore, Stanley Ho, Steve Wynn
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Parisian opens amid uncertainty; Jones attacks old-boy network
While Sheldon Adelson‘s Las Vegas Review-Journal covered the opening of Wynn Palace from a safe distance, it has sent Richard Velotta to Macao to be on hand for today’s opening of Parisian Macao. What he discovered, among other things, was … Continue reading
Posted in Architecture, Boyd Gaming, California, Galaxy Entertainment, Harrah's, IGT, International, Japan, Macau, Melco Crown Entertainment, MGM Mirage, Nevada, Pinnacle Entertainment, Scientific Games, Sheldon Adelson, South Korea, Station Casinos, Steve Wynn, Wall Street
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Glenn Straub flakes out; Adelson woos South Korea
Glenn Straub‘s reputation for mercurial behavior was reinforced last week when he blew his stack before the Casino Reinvestment Development Authority. What was the flashpoint? The CRDA wanted Straub to come up with a new landscaping plan for Revel, in … Continue reading
Rough justice for Adelson; Horseshoe Baltimore gains strength
In the end, the Macao government was scarcely more generous with Sheldon Adelson than it had been with Steve Wynn. Adelson’s Parisian Macao will open with 100 table games, get another 25 on New Year’s Day and 25 more a … Continue reading
Posted in Animals, Cordish Co., Genting, Harrah's, Macau, Maryland, MGM Mirage, Regulation, Sheldon Adelson, Stanley Ho, Steve Wynn, Taxes, The Strip, Tourism
1 Comment
Win for Wynn; Russia’s Donald Trump
So maybe Wynn Palace made a difference, after all. Macao gambling revenue, which analysts expected to be anywhere from 1% up to 3% down last month, actually grew 1%. (Kudos to those analysts who bet the house would win.) With Sands … Continue reading
Posted in Animals, California, Donald Trump, Florida, Galaxy Entertainment, Harrah's, IGT, International, Japan, Law enforcement, Lawrence Ho, Macau, Melco Crown Entertainment, Regulation, Sheldon Adelson, Steve Wynn, Taxes, Technology, Tribal
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Wynn subtracting one golf course, adding another?; Resorts World Las Vegas postponed again
Although Steve Wynn remains bent upon tearing out Wynn Golf Club on the Strip — in favor of Wynn Paradise Park one day, an NFL stadium the next — he may be planning one for Wynn Boston Harbor. At least … Continue reading
Posted in Atlantic City, Economy, Election, Entertainment, Genting, Lucky Dragon, Macau, Massachusetts, Mississippi, New York, SLS Las Vegas, Steve Wynn, The Strip
2 Comments
Icahn intransigent at Taj; Olympic betting a flop; Relief for Caesars
For someone who claims he’s trying to save Trump Taj Mahal, owner Carl Icahn sure acts like he’s hellbent on closing it. A counteroffer from striking Unite-Here that would cost the casino only $1.3 million a year to preserve health … Continue reading
Quote of the Day
“Everything I built — the Golden Nugget, Mirage, Treasure Island, Wynn-Encore, were because of him. You name the buildings, including UNLV, and Parry Thomas’ fingerprints are everywhere in this valley.” — Steve Wynn, eulogizing banker and power-broker Thomas, who revolutionized the Nevada … Continue reading
Posted in Downtown, history, MGM Mirage, Steve Wynn, Wall Street
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If you couldn’t be there …
Except for the aerial gondola ride, the dancing-fountains show at Wynn Palace, in Macao, doesn’t have a thing on its progenitor at Bellagio. Well, nothing except a really bad, Broadway-style show tune (“We’ve got elegance”) that appears to have commissioned … Continue reading
Posted in Entertainment, Macau, Steve Wynn, The Strip
6 Comments
MGM goes on the attack; Wynn’s new “masterpiece;” Isle out of Louisiana
This story pretty much writes itself. While MGM Resorts International cowboys up and makes it clear who’s sponsoring the ad — not hiding behind some phony-baloney PAC name like “Citizens for a Stronger Connecticut” — but the commercial is a … Continue reading
Tax fight in Pennsylvania; Adelson donation goes awry
Sands Bethlehem could soon pocket another $10 million a year but it’s letting Mount Airy Casino do the heavy lifting. The latter is arguing to the Pennsylvania Supreme Court that the flat, yearly fee falls disproportionately on small casinos, not … Continue reading
Posted in Architecture, California, Eldorado Resorts, Greenwood Racing, International, Internet gambling, Law enforcement, Massachusetts, Neil Bluhm, Oklahoma, Pennsylvania, PokerStars, Sheldon Adelson, Steve Wynn, Taxes, Tribal
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Caesars vs. Caesars; Wynn Palace opens
In a surrealistic turn of events, Caesars Entertainment Operating Co. has filed suit against parent Caesars Entertainment, and against majority owners Apollo Management and Texas Pacific Group. This bit of shadow puppetry is apparently intended to get at the goodies … Continue reading
Posted in Election, Entertainment, Florida, Galaxy Entertainment, Harrah's, Internet gambling, Macau, Melco Crown Entertainment, MGM Mirage, Nevada, New York, Steve Wynn, The Strip, Wall Street
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Wynn receives vote of confidence; Rivers Casino gets a ‘best’
Account holders and investors in Dore Entertainment are evidently out of patience waiting to be reimbursed for the reported theft of $43 million from the VIP room operator. Instead, they’re suing Wynn Macau, saying “as a gaming concessionaire, [it] should … Continue reading
Posted in Macau, Melco Crown Entertainment, Mississippi, Neil Bluhm, Pennsylvania, Sheldon Adelson, Steve Wynn, Wall Street
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Steve Wynn, re-visionary; DFS in Nevada: It’s back
Evidently industry leaders are coming to terms with the fact that the go-go days when Macao was a $45 billion/year casino market are over. Steve Wynn told The Associated Press that “What took place here in previous years was an anomaly. he … Continue reading
Posted in Donald Trump, Economy, Election, Harrah's, Internet gambling, Macau, Nevada, New York, Regulation, Sheldon Adelson, Station Casinos, Steve Wynn, The Strip
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Wynn: Overextended in Macao?
Daiwa Securities Group put “sell” ratings on Wynn Macau Ltd. and Sands China, arguing that projections that the Wynn Palace and Parisian megaresorts would reverse declines in Macao gambling “remain overly optimistic.” Analysts Adrian Chan and Jamie Soo wrote that … Continue reading
Posted in Architecture, Dining, Galaxy Entertainment, International, Isle of Capri, Macau, Melco Crown Entertainment, MGM Mirage, Neil Bluhm, New York, Sheldon Adelson, Stanley Ho, Steve Wynn, Technology, The Strip, Tourism, Wall Street
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MGM’s China gambit; Mixed quarter for Station
MGM Resorts International and Pansy Ho are performing a fancy juggling act with MGM stock. The former is going to buy an additional 188 million shares in MGM China, increasing its hold on the property to 56%. In return, Ms. … Continue reading
Posted in California, Culinary Union, Economy, Election, Isle of Capri, Macau, MGM Mirage, Missouri, Nevada, Palms, Pansy Ho, Penn National, Reno, Station Casinos, Steve Wynn, Tribal, Wall Street
2 Comments
Cold comfort for Wynn; Nebraska racino initiative crashes and burns
As Wynn Resorts predicted in its last earnings call, it will get more table games from the Macao government after Wynn Palace opens … 50 tables, phased in over two years. That’s a pretty mingy allocation but is in line … Continue reading
Posted in Australia, Downtown, Election, Law enforcement, Macau, MGM Mirage, Nebraska, Philippines, Racinos, Regulation, Sheldon Adelson, Steve Wynn, Technology, Wall Street
1 Comment
