Category Archives: Steve Wynn

Buckeye bounce; Macao’s woes a secret benefit?

Posted on October 7, 2015 by David McKee

Casino and racino revenues in Ohio were up nicely last month, +6.5%. We’re still at least a month away from having a full set of year/year comparisons but Gov. John Kasich‘s decision to supersize a four-casinos-only constitutional amendment into four casinos … Continue reading →

Posted in Dan Gilbert, Economy, Eldorado Resorts, GLPI, Hard Rock International, Harrah's, Macau, Ohio, Penn National, Pinnacle Entertainment, Racinos, Steve Wynn | Comments Off on Buckeye bounce; Macao’s woes a secret benefit?

No boost for Illinois; The wrath of Wynn

Posted on October 7, 2015 by David McKee

So much for the invigorating effect of Labor Day weekend. Even with a holiday, September in Illinois still saw a decline in casino revenue. Casinos in the Land of Lincoln were down 5% for the month. Foot traffic fell 2% … Continue reading →

Posted in Boyd Gaming, GLPI, Harrah's, Illinois, Massachusetts, MGM Mirage, Neil Bluhm, Penn National, Regulation, Slot routes, Sports, Steve Wynn | Comments Off on No boost for Illinois; The wrath of Wynn

MGM sends emissary to Springfield; Florida tribe takes a loss

Posted on October 5, 2015 by David McKee

Undoubtedly realizing that it laid a public-relations egg with its scaled-down redesign of MGM Springfield, parent company MGM Resorts International is sending President William Hornbuckle to Springfield to mend fences with Mayor Domenic Sarno. Actually, Sarno has been in MGM’s … Continue reading →

Posted in Architecture, Economy, Florida, Massachusetts, MGM Mirage, Penn National, Regulation, Steve Wynn, Tribal, Wall Street | Comments Off on MGM sends emissary to Springfield; Florida tribe takes a loss

Turning point for Wynn; Breakthrough for PokerStars

Posted on October 1, 2015 by David McKee

Earlier this week, the Everett Planning Board unanimously assented to Wynn Everett‘s site plan. The Medford Patch described this vote as “the most critical local permit needed by Wynn.” The resort-to-be can start pulling building permits now, with the actual … Continue reading →

Posted in Atlantic City, Economy, Environment, Harrah's, Internet gambling, Massachusetts, MGM Mirage, Mohegan Sun, PokerStars, Politics, Regulation, Sheldon Adelson, Steve Wynn, The Strip, Transportation, Tribal | 1 Comment

Big players accentuate the positive

Posted on September 29, 2015 by David McKee

Deutsche Bank analyst Carlo Santarelli has been a busy man these past few days, meeting with the top companies in gaming. In no special order … Boyd Gaming took the usual line on REIT conversion and acquisitions, basically saying, “If … Continue reading →

Posted in Ameristar, Boyd Gaming, Colorado, Downtown, Economy, Florida, GLPI, Illinois, International, Isle of Capri, Louisiana, Macau, Marketing, Massachusetts, MGM Mirage, Penn National, Pinnacle Entertainment, Sports, Steve Wynn, Texas, The Strip, Tilman Fertitta, Wall Street | Comments Off on Big players accentuate the positive

Boston offers Wynn olive branch; MGM played for a sucker in Springfield?

Posted on September 25, 2015 by David McKee

Could the war of words between Steve Wynn and Boston Mayor Martin “McCheese” Walsh soon be coming to an end? Wynn, who last month declared himself finished with an “obviously irresponsible” Walsh, had a phone chat with McCheese to discuss … Continue reading →

Posted in Election, Foxwoods, LVCVA, Massachusetts, MGM Mirage, Mohegan Sun, Regulation, Steve Wynn, Taxes, The Strip, Transportation | Comments Off on Boston offers Wynn olive branch; MGM played for a sucker in Springfield?

The mystery of Steve Wynn; DFS steps in it

Posted on September 24, 2015 by David McKee

For the third time, Steve Wynn has pulled back from Atlantic City. This time he’s yanking Wynn Interactive‘s application for an online casino. The move comes an awfully long time after Wynn announced his opposition to Internet wagering, so who knows … Continue reading →

Posted in Atlantic City, Culinary Union, Election, Genting, Geoff Freeman, Harrah's, International, Internet gambling, New York, Oklahoma, PokerStars, Regulation, Sheldon Adelson, Sports, Steve Wynn, Taxes, Tribal | 1 Comment

Fantasy sports pushback; Wynn “punished enough”

Posted on September 17, 2015 by David McKee

If the glutting of our TV screens with obnoxious FanDuel and DraftKings ads has not been enough to trigger a backlash, it has been sufficient to inspire Wynn Las Vegas‘ resourceful sports books director, Johnny Avello, to devise his version of … Continue reading →

Posted in California, Geoff Freeman, Macau, Massachusetts, Politics, Sports, Steve Wynn, TV, Wall Street | Comments Off on Fantasy sports pushback; Wynn “punished enough”

A lesson from Ohio; Murren goes to Georgia; Big changes at Sands

Posted on September 16, 2015 by David McKee

Two years ago, Ohio was grappling with what J.P. Morgan analysts called “a sluggish ramp” for its casino industry. He may have been against casinos before he was for them but Gov. John Kasich‘s supersized version of predecessor Ted Strickland‘s … Continue reading →

Posted in CityCenter, Economy, Election, Foxwoods, Galaxy Entertainment, Geoff Freeman, Georgia, Harrah's, Horseracing, Isle of Capri, M Resort, Macau, Massachusetts, MGM Mirage, Midnight Jim Gibbons, Mohegan Sun, Ohio, Penn National, Politics, Problem gambling, Regulation, Sheldon Adelson, Steve Wynn, Taxes, The Strip, Wall Street | Comments Off on A lesson from Ohio; Murren goes to Georgia; Big changes at Sands

Savior for Showboat?; Steve Wynn to build locals casino

Posted on September 16, 2015 by David McKee

Bart Blatstein has emerged as the potential savior for the Showboat, currently a millstone around Stockton University‘s neck. If so, it will be a bittersweet coup for the developer, as it’s the second time he’s missed out on a gaming … Continue reading →

Posted in Atlantic City, Charity, Economy, Glenn Straub, Harrah's, International, Marketing, Massachusetts, New York, Racinos, Steve Wynn, Taxes, The Strip, Trump Entertainment Resorts | 2 Comments

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 on China is the watchword; Atlantic City rebounds

Georgia on their minds; How to kill a casino

Posted on September 14, 2015 by David McKee

MGM National Harbor President Lorenzo Creighton dangles some shiny objects and big numbers before Georgia newspaper readers, promising even bigger things for Atlanta, as MGM Resorts International tries to counter lawmakers’ congenital opposition to gambling with suasion and seductive dollar … Continue reading →

Posted in Boyd Gaming, Culinary Union, Derek Stevens, Detroit, Downtown, Economy, Georgia, Horseracing, International, James Packer, Maryland, MGM Mirage, Penn National, Politics, Sheldon Adelson, Steve Wynn, Taxes | Comments Off on Georgia on their minds; How to kill a casino

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 on Tribe outfoxes Arizona; Macao is glutted

Case Bets: Caesars, Detroit, New York & Steve Wynn

Posted on September 9, 2015 by David McKee

In one of the industry’s more bizarre developments, Harrah’s Tunica will become an assisted-living facility if buy TJM Properties has its druthers. Caesars Entertainment Operating Co. has asked a bankruptcy court to approve the sale. It won’t bring in that … Continue reading →

Posted in Detroit, Economy, G2E, Harrah's, International, Internet gambling, Massachusetts, MGM Mirage, Mississippi, New York, Regulation, Steve Wynn, Technology, Transportation | Comments Off on Case Bets: Caesars, Detroit, New York & Steve Wynn

Potential free-for-all in Massachusetts; Tribal triumph in Alabama

Posted on September 4, 2015 by David McKee

Massachusetts Attorney General Maura Healey took time out from impeding Steve Wynn‘s Everett casino to run a cart and horses through the Legislature’s carefully crafted three-casinos-and-one-slot-parlor formula. She approved a ballot question that seemed tailor-made to give Suffolk Downs racino status, … Continue reading →

Posted in Alabama, Atlantic City, Delaware, Election, Harrah's, Internet gambling, Massachusetts, Pennsylvania, Racinos, Regulation, Sheldon Adelson, Steve Wynn, Technology, Tribal | Comments Off on Potential free-for-all in Massachusetts; Tribal triumph in Alabama

Wynn gets one step closer; Those insidious resort fees

Posted on September 1, 2015 by David McKee

“At moments like this, there is certainly a feeling of gratification and forward movement. It lifts our spirits and energizes us.” Thus spake Steve Wynn after Wynn Everett cleared another hurdle on its way to completion. A 27-page memo from Massachusetts … Continue reading →

Posted in Economy, Macau, Massachusetts, New York, Regulation, Sports, Steve Wynn, The Strip, Tourism, Transportation, Tribal | 1 Comment

Massachusetts: Penn has a hit; Arms race in New York

Posted on August 19, 2015 by David McKee

First-month numbers are in for Plainridge Park and the racino run by Penn National Gaming took in an average of $467/slot/day (including a $6.15 million gross its first week). That’s an absolute blockbuster figure in an industry where $200/day is … Continue reading →

Posted in Genting, Harrah's, Internet gambling, Massachusetts, MGM Mirage, New York, Penn National, Racinos, Sheldon Adelson, Steve Wynn, Technology, Tribal | Comments Off on Massachusetts: Penn has a hit; Arms race in New York

Vegas Club rescued; Straight talk from Steve Wynn

Posted on August 14, 2015 by David McKee

Good news for fans of the Las Vegas Club (and you know who you are): Its long Tamares Group nightmare will soon be over. Tamares has sold the Vegas Club to the D owner Derek Stevens and his brother for … Continue reading →

Posted in Architecture, Derek Stevens, Donald Trump, Downtown, Economy, Golden Gaming, Macau, Penn National, Regulation, Steve Wynn, Tamares Group, The Strip, Wall Street | 3 Comments

Quote of the Day

Posted on August 14, 2015 by David McKee

“I wondered how in the world we would protect it. And it’s like putting a Renoir in Disneyworld.” — Elaine Wynn, on the genesis of the Bellagio Gallery of Fine Art.

Posted in history, Steve Wynn, The Strip | Comments Off on Quote of the Day

Studio City in trouble; Tribal clash in Massachusetts

Posted on August 13, 2015 by David McKee

Melco Crown Entertainment is in Eeyore mood these days, darkly muttering about a “contingency plan” for Studio City if the Macao government doesn’t give it 400 table games. As far back as its 2014 annual report, the company was making … Continue reading →

Posted in Atlantic City, Columbia Sussex, Election, Galaxy Entertainment, Geoff Freeman, Internet gambling, Isle of Capri, James Packer, Lawrence Ho, Macau, Massachusetts, Melco Crown Entertainment, MGM Mirage, Mississippi, Neil Bluhm, Pennsylvania, Regulation, Sheldon Adelson, Steve Wynn, The Strip, Tribal | Comments Off on Studio City in trouble; Tribal clash in Massachusetts