Category Archives: Steve Wynn

Wynn wins again; LVH sale near

Posted on June 24, 2014 by David McKee

Steve Wynn‘s $19 million libel award against sleazebag Joe Francis, former purveyor of Girls Gone Wild, has been upheld. The appeals court also imposed a gag order on Francis, enjoining him from ever repeating his claims that Wynn threatened to … Continue reading →

Posted in Entertainment, Goldman Sachs, Harrah's, Illinois, LVCVA, Steve Wynn, The Strip, Wall Street | Comments Off on Wynn wins again; LVH sale near

Casinos get November surprise

Posted on June 24, 2014 by David McKee

In news that Deutsche Bank analyst Carlo Santarelli called a “fiasco,” the Massachusetts Supreme Judicial Court has decided to allow Bay State voters to decide whether or not to repeal the state’s casino law. Hardest-hit in a worst-case scenario would … Continue reading →

Posted in Atlantic City, Internet gambling, Massachusetts, MGM Mirage, Mohegan Sun, Penn National, Reno, Sports, Steve Wynn | 1 Comment

Mohegan Sun: It’s us or nobody; Tunica blues

Posted on June 19, 2014 by David McKee

Eastern Massachusetts voters would rather have a Mohegan Sun casino than a Wynn Resorts one. So claims a poll paid for by Mohegan Sun … so draw your own conclusions. It also shows casino-law repeal only getting 35% of the … Continue reading →

Posted in Delaware, Economy, Election, Harrah's, Massachusetts, Mississippi, Mohegan Sun, Politics, Steve Wynn, Taxes | Comments Off on Mohegan Sun: It’s us or nobody; Tunica blues

Flip-floppery in Iowa; Affleck banned again?

Posted on June 12, 2014 by David McKee

Barring an emergency injunction, Belle of Sioux City is doomed to shut down on July 1, a federal bankruptcy judge having been deaf to Penn National Gaming‘s pleas. Penn is arguing that the Iowa Racing & Gaming Commission overstepped its authority … Continue reading →

Posted in Detroit, Dining, Downtown, Economy, Harrah's, Iowa, Penn National, Regulation, Steve Wynn, Technology, Warner Gaming | Comments Off on Flip-floppery in Iowa; Affleck banned again?

Massachusetts casinos in peril

Posted on June 9, 2014 by David McKee

That’s the conclusion of a Suffolk University/Boston Herald poll. It shows support for casinos having fallen to 37%, while opposition has risen to 47% of those surveyed. That’s a dramatic reversal from a February poll by the Herald which showed … Continue reading →

Posted in Detroit, Election, Horseracing, Illinois, Indiana, Massachusetts, MGM Mirage, Mohegan Sun, Penn National, Steve Wynn | Comments Off on Massachusetts casinos in peril

May in Macao; Brave new slots

Posted on June 5, 2014 by David McKee

Given “softer than expected” numbers out of Macao, expect Wall Street analysts to dial down their expectations for the balance of the year. Gaming revenues rose ‘only’ 9% instead of the expected double digits and there was a surprise leader … Continue reading →

Posted in Bally Technologies, Boulder Strip, Macau, Melco Crown Entertainment, MGM Mirage, Regulation, Sheldon Adelson, Stanley Ho, Station Casinos, Steve Wynn, Technology, Wall Street | Comments Off on May in Macao; Brave new slots

Massachusetts: Pay the man; Robbing Peter to wager on Paul

Posted on May 30, 2014 by David McKee

If casino gambling is outlawed in a November referendum, MGM Resorts International and Wynn Resorts want their money back. After all, they’ll be out the $85 million application fee and that’s just for starters. They’d also like to be reimbursed … Continue reading →

Posted in Delaware, Economy, Japan, Maryland, Massachusetts, MGM Mirage, New York, Ohio, Penn National, Pennsylvania, Regulation, Singapore, Steve Wynn | Comments Off on Massachusetts: Pay the man; Robbing Peter to wager on Paul

Tug of war in Massachusetts; Lee ousted … again; Gilbert’s Greektown struggle

Posted on May 27, 2014 by David McKee

Each with a casino nearly in the bag, both MGM Resorts International and Wynn Resorts want some legislative concessions from Massachusetts. Mohegan Sun is standing pat. MGM and Wynn want their $85 million licensing fee and a number of related … Continue reading →

Posted in Dan Gilbert, Dan Lee, Detroit, Downtown, Economy, Election, Massachusetts, MGM Mirage, Mohegan Sun, Ohio, Palms, Problem gambling, Regulation, Steve Wynn | Comments Off on Tug of war in Massachusetts; Lee ousted … again; Gilbert’s Greektown struggle

Leven leaving, Adelson staying

Posted on May 23, 2014 by David McKee

In a less-than-shocking turn of events, Las Vegas Sands President Michael Leven has announced his retirement, effective the end of this year. Let the speculation over his successor commence! President of Global Gaming Operations Rob Goldstein would seem the obvious choice … Continue reading →

Posted in Architecture, Harrah's, Pennsylvania, Sheldon Adelson, Steve Wynn, The Strip | Comments Off on Leven leaving, Adelson staying

Freeman defeated; Caesars renders unto Maryland

Posted on May 21, 2014 by David McKee

In a stunning reversal — and a major victory for Sheldon Adelson — American Gaming Association President Geoff Freeman is ending the lobbying group’s support for Internet gambling. Freeman calls it “an issue that the association cannot lead on,” so the … Continue reading →

Posted in Economy, Geoff Freeman, Harrah's, Internet gambling, Macau, Maryland, Regulation, Sheldon Adelson, Steve Wynn, Taxes, Wall Street | Comments Off on Freeman defeated; Caesars renders unto Maryland

Keeping with the times; Inside Bally’s palace coup

Posted on May 20, 2014 by David McKee

For people like myself, whose formative experiences of Las Vegas took place 10-plus years ago, it’s important to go with the flow. For instance, the ever-burgeoning and remunerative nightclub business. When SLS Las Vegas opens Life, bottle service will be … Continue reading →

Posted in Bally Technologies, Election, Entertainment, Harrah's, Rhode Island, Sam Nazarian, Shuffle Master, Steve Wynn, Technology, The Strip, Wall Street | Comments Off on Keeping with the times; Inside Bally’s palace coup

Fertitta breaks ranks; Roll them bones

Posted on May 19, 2014 by David McKee

Golden Nugget owner Tilman Fertitta, 56, may be a Baby Boomer himself, but he’s not satisfied with his Boomer-centric clientele. As he told the Southern Gaming Summit, “One of my scariest things that is young people do not play slot machines.” … Continue reading →

Posted in Downtown, Geoff Freeman, Massachusetts, Sheldon Adelson, Steve Wynn, Technology, Tilman Fertitta | 2 Comments

Cosmo: Now comes the hard part

Posted on May 19, 2014 by David McKee

Cosmopolitan of Las Vegas CEO John Unwin is crowing in triumph over Blackstone Real Estate Partners VII‘s staggeringly lavish purchase of the megaresort over which he presides. “This marks the beginning of the next chapter for The Cosmopolitan of Las Vegas … Continue reading →

Posted in Boyd Gaming, Cosmopolitan, Economy, Harrah's, James Packer, Japan, Melco Crown Entertainment, MGM Mirage, Penn National, Politics, Regulation, Sheldon Adelson, Steve Wynn, Wall Street | 1 Comment

Japan fever

Posted on May 15, 2014 by David McKee

As the window slowly closes on casino legalization during the current session of the Japanese Diet, a fever seems to be overtaking the casino industry. Normally reasonable people are suddenly hyper-exaggerating their projections for gambling in the Land of the … Continue reading →

Posted in Harrah's, Japan, Louisiana, MGM Mirage, Pinnacle Entertainment, Rhode Island, Sheldon Adelson, Steve Wynn, Tribal, Wall Street | Comments Off on Japan fever

Wynn’s albatross; Culinary gets wrist slapped

Posted on May 13, 2014 by David McKee

Steve Wynn‘s Everett casino project is getting pinned down by fire from several directions. Boston City Attorney Thomas Frongillo argues that a sale to Wynn Resorts by FBT Everett Realty LLC should be voided because the latter concealed an ownership stake … Continue reading →

Posted in Culinary Union, Environment, Harrah's, Indiana, Massachusetts, Mohegan Sun, Regulation, Steve Wynn | 2 Comments

Boston gets bounced; Packer K.O.’s Sri Lanka; Cohen’s good deed

Posted on May 9, 2014 by David McKee

It could all wind up in court, further prolonging Wynn Resorts‘ and Mohegan Sun‘s agony, but for now Boston is a surrounding community. The Massachusetts Gaming Commission unanimously struck down Mayor Martin J. Walsh‘s demand for host-community status. Wynn was … Continue reading →

Posted in Animals, California, International, James Packer, Massachusetts, Mohegan Sun, Regulation, Station Casinos, Steve Wynn, Tribal | Comments Off on Boston gets bounced; Packer K.O.’s Sri Lanka; Cohen’s good deed

Loveman’s latest dice throw; Delicate talks in Boston

Posted on May 7, 2014 by David McKee

In one of 2014’s least surprising stories, Caesars Entertainment has had to restructure debt. It will replace $1 billion in near-term indebtedness with $1.75 billion in longer-term notes. Bond analysts have been predicting this move for a long time, even … Continue reading →

Posted in Alex Yemenidjian, Harrah's, Massachusetts, Mohegan Sun, Slot routes, Steve Wynn, The Strip, Wall Street | Comments Off on Loveman’s latest dice throw; Delicate talks in Boston

Shadow boxing in Boston; Rejected again in New Hampshire

Posted on May 2, 2014 by David McKee

There’s been yet another delay — only a week — in Boston‘s quixotic pursuit of host-community status for Wynn Resorts‘ and Mohegan Sun‘s Hub-area projects. The Massachusetts Gaming Commission obliged Boston Mayor Martin J. Walsh with postponement on Beantown’s application … Continue reading →

Posted in Entertainment, Massachusetts, MGM Mirage, Mohegan Sun, New Hampshire, Regulation, Steve Wynn, Taxes, The Strip | Comments Off on Shadow boxing in Boston; Rejected again in New Hampshire

Wynn speaks … and speaks

Posted on May 2, 2014 by David McKee

With a dustup with George Clooney still making headlines and a quarterly reporting emerging, Steve Wynn could be expected to be in an expansive mood. He did not disappoint. Ironically, Wynn’s comments about people who “live in a very strange … Continue reading →

Posted in Architecture, CityCenter, Dining, Economy, Entertainment, International, Japan, Macau, Steve Wynn, Wall Street | 1 Comment

Quote of the Day

Posted on May 2, 2014 by David McKee

“A question of cannibalization in Macau is brushed aside as [Steve] Wynn relates the story of The Three Little Pigs to the industry. Naturally, Wynn Resorts has the casinos built of brick.” — Seeking Alpha, from a summary of the Wynn Resorts … Continue reading →

Posted in Macau, Steve Wynn | Comments Off on Quote of the Day