Category Archives: Steve Wynn

MGM blows away Wall Street expectations

Posted on April 29, 2014 by David McKee

Posting more than double Wall Street‘s consensus of earnings per share ($0.21 rather than $0.09), MGM Resorts International had a good quarter, to say the least. Even CityCenter exceeded expectations by 11%. J.P. Morgan analyst Joseph Greff took it all … Continue reading →

Posted in Animals, CityCenter, Colorado, Detroit, Downtown, Entertainment, Horseracing, Internet gambling, Iowa, Macau, Massachusetts, MGM Mirage, Regulation, Steve Wynn, The Strip, Wall Street | Comments Off

Well, that’s the end of that; A win for Wynn

Posted on April 28, 2014 by David McKee

Caving to opposition forces, the government of Sri Lanka has reversed course and nixed casinos from three planned resorts. The most prominent was a $550 million Crown Resorts project. Now James Packer has to decide whether it’s worth the investment … Continue reading →

Posted in Dennis Gomes, Entertainment, International, James Packer, Massachusetts, MGM Mirage, Mohegan Sun, Regulation, Riviera, Steve Wynn, The Strip, Tilman Fertitta | Comments Off

N.Y.: 22 is enough; Cussing match at Wynncore

Posted on April 25, 2014 by David McKee

Caesars Entertainment‘s sudden romance with New York State is getting the company some grief, although not from the usual defenders of Atlantic City. Assemblyman Ralph Caputo (D) is among those who want to put a casino at the Meadowlands and … Continue reading →

Posted in Atlantic City, Cordish Co., Foxwoods, Genting, Harrah's, Mohegan Sun, Penn National, Pinnacle Entertainment, Politics, Racinos, Steve Wynn, Tribal | Comments Off

New York embraces casinos; Wynn disses Clooney

Posted on April 24, 2014 by David McKee

Twenty-two. That’s how many applicants paid a $1 million application fee to vie for four casino licenses in upstate New York. That’s more than Massachusetts, far more than Kansas, neither of which matches the allure of the Empire State (to … Continue reading →

Posted in Foxwoods, Genting, Harrah's, Massachusetts, Mohegan Sun, New York, Penn National, Racinos, Steve Wynn | Comments Off

Look out, Macao, here comes Crimea

Posted on April 21, 2014 by David McKee

That’s the message from Crimea‘s puppet leader, Rustam Temirgaliyev, who claims that Crimea could outdo Monaco, Las Vegas and even Macao. (It is not recorded whether anyone laughed at his assertion.) “Our task is to create a tourist cluster, which will … Continue reading →

Posted in Entertainment, Greenwood Racing, Harrah's, International, Massachusetts, Mohegan Sun, North Las Vegas, Pennsylvania, Racinos, Regulation, Steve Wynn, Taxes | 1 Comment

Much ado about Massachusetts

Posted on April 18, 2014 by David McKee

Stephen Crosby, phlegmatic chairman of the Massachusetts Gaming Commission, makes a very unlikely looking lightning rod. But such he has become. He’s already drawn the wrath of Gary Loveman and now Boston Mayor Martin J. Walsh wants Crosby to recuse … Continue reading →

Posted in Architecture, Atlantic City, Boyd Gaming, Foxwoods, Harrah's, Massachusetts, MGM Mirage, Mohegan Sun, Neil Bluhm, New York, Racinos, Regulation, Steve Wynn, Technology, Tribal | Comments Off

Wynn Boston: Solution or overreach?

Posted on April 16, 2014 by David McKee

Steve Wynn‘s attempts to buy a former Monsanto chemical plant in Everett have been stymied by the antics of the sleazy characters who own the land. First, there was convicted felon Charles Lightbody, whose hidden ownership had to vacated (saving … Continue reading →

Posted in Economy, Foxwoods, Iowa, Massachusetts, Mohegan Sun, New York, Penn National, Regulation, Steve Wynn | 1 Comment

Cosmo: The right amount of money; MGM learns Arabic

Posted on April 16, 2014 by David McKee

A camel is a horse designed by a committee, the saying goes, and The Cosmopolitan of Las Vegas resembles nothing so much as a camel — and Deutsche Bank executives are accused of dabbling in its design. If Bloomberg News‘ … Continue reading →

Posted in CityCenter, Cosmopolitan, Harrah's, International, Marketing, MGM Mirage, Penn National, Pinnacle Entertainment, Sheldon Adelson, Steve Wynn | 1 Comment

Code of silence; Fan dance in Schenectady

Posted on April 11, 2014 by David McKee

There’s no better way of convincing people you’ve got something to hide than acting like you’re hiding something. Meet Anthony Gattineri of FBT Everett Realty, who could deal a fatal blow to Steve Wynn‘s casino plans in Everett. Gattineri refuses to pledge … Continue reading →

Posted in International, Massachusetts, New York, Regulation, Steve Wynn | Comments Off

Massachusetts: Hurry up and wait

Posted on April 4, 2014 by David McKee

That’s the message from the Massachusetts Gaming Commission, which has pushed its decision on the Everett and Revere casino proposals into August, to humor Boston Mayor Martin J. Walsh. The MGC will hold a May 1 meeting on Walsh’s attempt … Continue reading →

Posted in Florida, Internet gambling, Massachusetts, Mohegan Sun, Racinos, Regulation, Steve Wynn, Tribal | 1 Comment

What’s “incidental” & other Case Bets

Posted on April 2, 2014 by David McKee

When the Clark County Commission went out of its way to define “tavern gaming” in 2011, it went into all sorts of minutiae about kitchens and such. But it neglected to address the elephant in the room: How much gambling … Continue reading →

Posted in Environment, Foxwoods, Golden Gaming, Goldman Sachs, Massachusetts, Mohegan Sun, Regulation, Slot routes, South Carolina, Steve Wynn, The Strip, Tribal | 1 Comment

O little metropolis of Bethlehem; MGM on the move

Posted on March 31, 2014 by David McKee

Indiscriminate dissemination by Sands Bethlehem of $45 free-play slot cards is having some interesting effects on Bethlehem itself. It’s brought about an influx of largely Chinese-American players but not all are there to play. Some pay $15 for a round-trip … Continue reading →

Posted in Marketing, Maryland, Massachusetts, MGM Mirage, Mohegan Sun, Pennsylvania, Regulation, Sheldon Adelson, Steve Wynn, Taxes, Transportation | Comments Off

Save the whales; Boffo contract in Wisconsin

Posted on March 28, 2014 by David McKee

824 grand. That’s how much online poker revenue Nevada generated in February, the first month in which it has reported such numbers. (Sheldon Adelson‘s fear of Internet poker is like an elephant cowering before a mouse.) Since online play went … Continue reading →

Posted in Boulder Strip, Downtown, Economy, Foxwoods, Internet gambling, Lake Tahoe, Laughlin, Massachusetts, MGM Mirage, North Las Vegas, Sheldon Adelson, Steve Wynn, Tribal, Wall Street, Wisconsin | Comments Off

Walsh: My way or else; Sands Crimea?

Posted on March 27, 2014 by David McKee

Making yet another overreach, Boston Mayor Martin J. Walsh asserts that the only party which can decide whether Beantown is host community to Wynn Resorts‘ and Mohegan Sun‘s projects is … Boston. The Massachusetts Gaming Commission, he says, has no … Continue reading →

Posted in Alabama, Harrah's, Massachusetts, Mohegan Sun, New York, Regulation, Revel, Steve Wynn, Tribal | 2 Comments

Jim Murren’s white flag; More slots in New England

Posted on March 21, 2014 by David McKee

In a moment of weakness upon which Sheldon Adelson is certain to pounce, MGM Resorts International CEO Jim Murren called for a cease-fire in the intra-industry war over Internet gambling. In addition to his day job, Murren is chairman of … Continue reading →

Posted in Geoff Freeman, Internet gambling, Macau, MGM Mirage, New York, Pennsylvania, Politics, Sheldon Adelson, Steve Wynn, Taxes | 1 Comment

More hitches in Massachusetts

Posted on March 21, 2014 by David McKee

Efforts by Wynn Resorts and Mohegan Sun to bring casinos to eastern Massachusetts could be in trouble. In another hitch to its elongated selection process, the Massachusetts Gaming Commission has agreed to consider whether to consider Boston a host community. … Continue reading →

Posted in Atlantic City, Foxwoods, Marketing, Massachusetts, MGM Mirage, Mohegan Sun, Problem gambling, Regulation, Sam Nazarian, Steve Wynn | 1 Comment

Twin setbacks in Massachusetts

Posted on March 20, 2014 by David McKee

After all the tsuris that’s gone into bringing casinos to Massachusetts, it may be for naught. In two months, public support has gone from 53% to 46% (against 43% opposed), according to MassINC Polling Group. That means that, if casino … Continue reading →

Posted in Atlantic City, Culinary Union, Goldman Sachs, Macau, Massachusetts, Mohegan Sun, Penn National, Revel, Steve Wynn, The Strip | Comments Off

Dramatic turnarounds in Massachusetts; Tribe-on-tribe conflict in California

Posted on March 19, 2014 by David McKee

Hopes that the Mashpee Wampanoags have for a casino got a big lift on March 12. That’s when Interior Department Solicitor Hilary Tompkins ruled that tribes not recognized before 1934 weren’t excluded from casino eligibility. In her interpretation of the … Continue reading →

Posted in Boyd Gaming, California, Culinary Union, Derek Stevens, Downtown, Goldman Sachs, Harrah's, Horseracing, Massachusetts, Mohegan Sun, Regulation, Station Casinos, Steve Wynn, Tamares Group, Terry Caudill, The Strip, Tilman Fertitta, Tribal | Comments Off

Optimism around the industry

Posted on March 13, 2014 by David McKee

Las Vegas‘ premier casino companies have been showing their wares at the J.P. Morgan Gaming, Lodging, Restaurant & Leisure Management Access Forum. Among the pilgrims was Wynn Resorts CFO Matt Maddox, who reported that Wynncore is increasing revenue per available room … Continue reading →

Posted in Atlantic City, Boyd Gaming, International, Internet gambling, Japan, Louisiana, Macau, Massachusetts, Mississippi, Sheldon Adelson, Steve Wynn, The Strip, Tilman Fertitta, Wall Street | Comments Off

Jackie Gaughan, 1920-2014

Posted on March 12, 2014 by David McKee

The humility with which Jackie Gaughan did business would be un-thought-of in today’s casino world. He’d come to work through the front door and his “office” was a hotel room adapted for the purpose. At various times, Jackie owned all or … Continue reading →

Posted in Downtown, history, Regulation, Steve Wynn, The Strip | 2 Comments