Category Archives: Steve Wynn

Hard May in Illinois; Buyer found for F-blew?

Posted on June 7, 2016 by David McKee

Casino patrons in Illinois are spending a bit more these days but there were 8% fewer of them last month, leading to a 6% revenue decline, partly due to one fewer weekend this year. On an individual basis, casinos tended … Continue reading →

Posted in Boyd Gaming, Carl Icahn, Derek Stevens, Detroit, Downtown, Fontainebleau, GLPI, Harrah's, Illinois, MGM Mirage, Neil Bluhm, Penn National, Slot routes, Steve Wynn, The Strip, Transportation, Tropicana Entertainment, Wall Street | Comments Off on Hard May in Illinois; Buyer found for F-blew?

Atlantic City back on death watch?; Money problems at Moulin Rouge

Posted on June 3, 2016 by David McKee

Things are suddenly looking grim for Atlantic City: A new Monmouth University poll shows voters evenly divided on a referendum to end the Boardwalk’s monopoly on casino gambling, an erosion of public support for the resort city. Assessing the situation … Continue reading →

Posted in Atlantic City, Downtown, Economy, Election, Environment, Harrah's, Internet gambling, Macau, Massachusetts, MGM Mirage, Mohegan Sun, Penn National, Problem gambling, Regulation, Riviera, Steve Wynn, Tilman Fertitta, Trump Entertainment Resorts | Comments Off on Atlantic City back on death watch?; Money problems at Moulin Rouge

Monte Carlo, meet Park MGM; Wynn, Adelson, Barrack help Trump

Posted on June 3, 2016 by David McKee

In the end, MGM Resorts International CEO Jim Murren couldn’t decide between “The Park” and “The Park at MGM Grand” as the new name for Monte Carlo, so he dubbed it Park MGM, which sounds like someplace you leave your … Continue reading →

Posted in Charity, Colony Capital, Donald Trump, Entertainment, Environment, Harrah's, Massachusetts, MGM Mirage, Michael Gaughan, Sheldon Adelson, Sports, Station Casinos, Steve Wynn, The Strip, Transportation | Comments Off on Monte Carlo, meet Park MGM; Wynn, Adelson, Barrack help Trump

DFS stalls in Illinois; Mississippi casinos rebound

Posted on May 24, 2016 by David McKee

Things were looking up for the daily fantasy sports industry in Illinois, where enabling legislation passed the state Senate 32-22. However, a hold has been put on the bill, which may not make it to the House. Why? Although the legislation … Continue reading →

Posted in Arkansas, Delaware, G2E, Hard Rock International, Harrah's, Illinois, Internet gambling, Macau, Marketing, Mississippi, Nevada, PokerStars, Politics, Steve Wynn, Tribal | Comments Off on DFS stalls in Illinois; Mississippi casinos rebound

Macao: The 9% solution; It’s a bird, it’s a plane, it’s Steve Wynn

Posted on May 19, 2016 by David McKee

Supply has overrun demand in Macao, where a wave of impending megaresorts is rolling in on an emaciated marketplace. But optimistic noises are being heard at Global Gaming Expo Asia, amid the robotic croupiers and other new toys. “The sentiments … Continue reading →

Posted in Downtown, Economy, Entertainment, G2E, International, Lawrence Ho, Macau, Pennsylvania, Politics, Regulation, Steve Wynn, Taxes | Comments Off on Macao: The 9% solution; It’s a bird, it’s a plane, it’s Steve Wynn

MGM prevails, Wynn slowed in Massachusetts

Posted on May 13, 2016 by David McKee

Bowing to the inevitable, the Massachusetts Gaming Commission ratified MGM Resorts International‘s redesign of MGM Springfield, on which the casino company is already hard at work. What was the MGC to do? Tell MGM to go back to Square One? … Continue reading →

Posted in Architecture, Environment, International, Internet gambling, Massachusetts, MGM Mirage, Mohegan Sun, Politics, Regulation, Steve Wynn, Transportation, Tribal | Comments Off on MGM prevails, Wynn slowed in Massachusetts

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 on Macao: No more tables for you

Wynn thinks even bigger; Showdown looming in Atlantic City

Posted on May 9, 2016 by David McKee

Perhaps to provide a diversion from a flat first quarter, Steve Wynn has been tinkering with the plans for Wynn Paradise Park, making them more grandiose. That modest little island in the middle of the lagoon has swelled into an … Continue reading →

Posted in Architecture, Atlantic City, Carl Icahn, Economy, Genting, James Packer, SLS Las Vegas, Steve Wynn, Technology, The Strip, Tropicana Entertainment, Unite-Here | 1 Comment

Warm spring for Indiana; Trouble ahead for Packer and Ho

Posted on May 9, 2016 by David McKee

While Illinois casinos were flat last month, the action was livelier next door in Indiana. Admissions declined 4%, meaning that players were spending 9%, as casino revenues rose 5%. The percentage champion was Tropicana Evansville, up 17% on an $11 … Continue reading →

Posted in Ameristar, Boyd Gaming, Donald Trump, Full House Resorts, Harrah's, Indiana, International, James Packer, Lawrence Ho, Macau, Majestic Star, Melco Crown Entertainment, Penn National, Pinnacle Entertainment, Racinos, Sheldon Adelson, Steve Wynn, Tropicana Entertainment, Wall Street | 1 Comment

MGM wows Wall Street; Lucky Dragon clears major hurdle

Posted on May 6, 2016 by David McKee

Stock analysts were expecting MGM Resorts International to report 1Q16 cash flow of $590 million but the lion overshot projections, bringing in the sheaves to the tune of $618 million. JP Morgan analyst Joseph Greff credited much of the success … Continue reading →

Posted in Cirque du Soleil, CityCenter, Detroit, Entertainment, James Packer, Lucky Dragon, LVCVA, Macau, Melco Crown Entertainment, MGM Mirage, Mississippi, Sheldon Adelson, SLS Las Vegas, Steve Wynn, The Strip, Wall Street | Comments Off on MGM wows Wall Street; Lucky Dragon clears major hurdle

Dicey casino drive calls it quits; Steve Wynn’s newest mousetrap

Posted on May 2, 2016 by David McKee

Casino speculator Shawn Scott is skulking out of Maine, his attorney having withdrawn an appeal of Superior Court Justice Michaela Murphy’s ruling on the (in)validity of petitions filed by Scott and his sister Lisa, who was bankrolling the referendum drive. … Continue reading →

Posted in California, Economy, Election, Encore, Entertainment, Kansas, Law enforcement, Louisiana, Macau, Maine, Massachusetts, Mohegan Sun, Sports, Steve Wynn, Tribal | Comments Off on Dicey casino drive calls it quits; Steve Wynn’s newest mousetrap

Macao junketeers left holding the bag; Lionel Richie wows the ladies

Posted on April 28, 2016 by David McKee

We could see another shakeout in Macao junket operators. According to Daiwa Securities Group, most of the industry is “struggling just to break even.” Part of that problem is that they’re carrying almost $3,9 billion in bad debt — and you … Continue reading →

Posted in Australia, Economy, Entertainment, Foxwoods, International, Macau, Marketing, Melco Crown Entertainment, Mohegan Sun, Penn National, Planet Hollywood, Regulation, Sheldon Adelson, South Dakota, Sports, Steve Wynn, Taxes, The Strip, Tribal, Wall Street | Comments Off on Macao junketeers left holding the bag; Lionel Richie wows the ladies

Quote of the Day

Posted on April 26, 2016 by David McKee

“I learned many years ago about the importance of not punching down in weight class. You don’t hit ‘little people’ in this craft, you defend them. In Las Vegas, a quintessential company town, it’s the blowhard billionaires and their political … Continue reading →

Posted in Sheldon Adelson, Steve Wynn | 2 Comments

What did Wynn know and when did it know it?; MGM REIT a hit

Posted on April 26, 2016 by David McKee

An unwelcome sideshow for Wynn Boston Harbor is playing out in a Massachusetts courtroom, in a court case of “excruciating details.” What is at issue is whether Dustin DeNunzio, Anthony Gattineri and Charles Lightbody attempted to defraud Wynn Resorts by concealing convicted … Continue reading →

Posted in Internet gambling, Law enforcement, Massachusetts, MGM Mirage, Oklahoma, Regulation, Sheldon Adelson, Singapore, Steve Wynn, Tribal, Wall Street | Comments Off on What did Wynn know and when did it know it?; MGM REIT a hit

Boyd strikes again; Wynn vs. Wynn III

Posted on April 22, 2016 by David McKee

Continuing its thrust into North Las Vegas, a suddenly acquisitive Boyd Gaming has obtained Aliante Casino Hotel & Spa. Unlike its surprise, if still unconfirmed, swoop upon Cannery Casino Resorts, here Boyd is snapping up a property we knew was … Continue reading →

Posted in Boyd Gaming, Cannery Casino Resorts, Marketing, MGM Mirage, North Las Vegas, Sahara, Station Casinos, Steve Wynn, The Strip, Wall Street | Comments Off on Boyd strikes again; Wynn vs. Wynn III

Adelson, master manipulator?; MGM REIT launched

Posted on April 20, 2016 by David McKee

Is Sheldon Adelson the secret string-puller behind Kelden Engel‘s petition drive to have part of the Riviera preserved? John L. Smith hints at that in this morning’s edition of Adelson’s Las Vegas Review-Journal. “If he’s carrying the water for someone who … Continue reading →

Posted in Atlantic City, Boyd Gaming, Entertainment, Illinois, LVCVA, MGM Mirage, Riviera, Sheldon Adelson, Steve Wynn, The Strip, Wall Street | Comments Off on Adelson, master manipulator?; MGM REIT launched

Sexcapade case closed; GLPI/Pinnacle deal a certainty

Posted on April 12, 2016 by David McKee

Followers of jurisprudence will be denied one of the more prurient evidentiary hearings in history now that Vegas High Roller sexpot Chloe Scordianos has decided to plead guilty to disorderly conduct rather than face trial for committing sex acts in … Continue reading →

Posted in Ameristar, Architecture, Entertainment, Environment, GLPI, Harrah's, history, Illinois, Law enforcement, Missouri, Penn National, Pinnacle Entertainment, Regulation, Riviera, Steve Wynn, The Strip, Tropicana Entertainment | Comments Off on Sexcapade case closed; GLPI/Pinnacle deal a certainty

Good year for Atlantic City; Sands slapped with fine

Posted on April 12, 2016 by David McKee

Free market forces did what governmental intervention and flashy marketing campaigns could not: They steadied Atlantic City‘s casino economy. With the dead weight of four casinos — Revel, Showboat, Atlantic Club and Trump Plaza — jettisoned, profits not only steadied, … Continue reading →

Posted in Atlantic City, Boyd Gaming, Carl Icahn, Dining, Economy, Environment, Harrah's, Internet gambling, Macau, Mississippi, Mohegan Sun, PokerStars, Regulation, Sheldon Adelson, Sports, Steve Wynn, Tilman Fertitta, Tropicana Entertainment, Trump Entertainment Resorts | Comments Off on Good year for Atlantic City; Sands slapped with fine

DFS dealt twin setbacks; Stalemate over Atlantic City

Posted on April 11, 2016 by David McKee

“As attorney general, it is my duty to uphold Alabama law, including the laws against illegal gambling. Daily fantasy sports operators claim that they operate legally under Alabama law. However, paid daily fantasy sports contests are in fact illegal gambling … Continue reading →

Posted in Alabama, Atlantic City, Boyd Gaming, Downtown, Economy, Internet gambling, Massachusetts, Politics, Sports, Steve Wynn, Taxes | Comments Off on DFS dealt twin setbacks; Stalemate over Atlantic City

Penn talks turkey; Celebrity brawl at Aria

Posted on April 11, 2016 by David McKee

Next week Penn National Gaming turns on the Marquee Rewards spigot at the Tropicana Las Vegas. Given some of management’s recent disclosures, it won’t come a day too soon: 85% of Penn’s customer base comes to Sin City but stays … Continue reading →

Posted in Affinity Gaming, Ameristar, Boyd Gaming, CityCenter, Cordish Co., Full House Resorts, Harrah's, Indiana, Isle of Capri, Majestic Star, Marketing, Maryland, Massachusetts, MGM Mirage, Missouri, Ohio, Penn National, Pennsylvania, Pinnacle Entertainment, Racinos, Steve Wynn, Taxes, The Strip, Tourism, Tribal, Tropicana Entertainment, Wall Street, West Virginia | 1 Comment