Category Archives: Steve Wynn

Gaming: Too big to fail?; Sports betting gets creative

Casino CEOs have no shame. They are capitalizing on the Coronavirus crisis to go to Congress, palms extended, cadging for a bailout. In an outrage-inducing story in today’s Washington Post, it is reported that the gaming industry’s wish list includes: … Continue reading

Posted in AGA, Caesars Entertainment, Economy, Eldorado Resorts, Genting, MGM Resorts International, Michael Gaughan, Nevada, Phil Ruffin, Planet Hollywood, Politics, Sports, Sports betting, Steve Wynn, Taxes, Tourism, Transportation, Westgate LV, William Hill | 2 Comments

Saturation hits Connecticut; Culinary waffles on Sanders

So much for Tribal Winds, the satellite casino that was going to counteract MGM Springfield. Its backers are cutting the proposed $300 million investment by one-third. On the plus side, this could be read as a way of saying the … Continue reading

Posted in China, Colorado, Connecticut, Culinary Union, Donald Trump, DraftKings, Economy, Election, Environment, Foxwoods, Harry Reid, Health, history, Macau, Massachusetts, MGM Resorts International, Mohegan Sun, Pennsylvania, Politics, Sheldon Adelson, Sports, Sports betting, Steve Wynn, Technology | Comments Off on Saturation hits Connecticut; Culinary waffles on Sanders

Crime pays; Dream-ing big

Donald Trump granted executive clemency to four convicted criminals, three of whom had—surprise!—casino connections. Steve Wynn‘s money man Michael Milken benefited from the support not of the tainted Wynn but of Sheldon Adelson. (Mirage Resorts was financed with junk bonds, … Continue reading

Posted in Alaska, Architecture, Caesars Entertainment, Dining, Downtown, Health, International, Las Vegas Raiders, Law enforcement, Lotteries, Louisiana, Macau, Massachusetts, North Las Vegas, Oklahoma, Reno, Sheldon Adelson, Sports betting, Steve Wynn, The Strip, Transportation, Tribal, Virgin Hotels | 1 Comment

Encore gets real; Atlantic City on impressive streak

According to the Boston Globe, a “sense of reality” in sinking in at Encore Boston Harbor that it has to appeal to somebody besides high-income demographics. “This shift was evident recently when a bright-red taco truck appeared on the gambling … Continue reading

Posted in Atlantic City, Canada, Dining, Georgia, Illinois, Internet gambling, Marketing, Massachusetts, MGM Resorts International, Real Estate, Regulation, Sports betting, Steve Wynn, Taxes, The Mob, Wynn Resorts | Comments Off on Encore gets real; Atlantic City on impressive streak

Election special

Such is the Culinary Union‘s clout that Nevada Sen. Jacky Rosen (D, left), Sen. Catherine Cortez Masto (D) and Rep. Susie Lee (D) will also be casting their caucus ballots at Culinary-sponsored events, staggered across today through Tuesday. On Wednesday, … Continue reading

Posted in China, Culinary Union, Election, Health, history, International, Internet gambling, Japan, Macau, Massachusetts, Maverick Gaming, MGM Resorts International, Nevada, Palms, Politics, Regulation, Sports betting, Steve Wynn, Technology, The Strip, Washington State, Wynn Resorts | 1 Comment

Georgia solons mull gambling; DraftKings’ big deal

“I do think there’s momentum for something to happen this session,” state Sen. Brandon Beach (R, below) said of legalizing gambling in Georgia, although solons remain undecided on whether to add sports betting to the package they’ll be proposing. “We … Continue reading

Posted in California, DraftKings, Economy, Entertainment, Georgia, Horseracing, Iowa, Massachusetts, Michigan, Nebraska, Neil Bluhm, Politics, Racinos, Regulation, Sexual misconduct, Sports betting, Steve Wynn, Tribal, Wall Street | Comments Off on Georgia solons mull gambling; DraftKings’ big deal

China’s credit bubble; Ocean Resort’s secret formula

China gamblers may be playing today at the expense of tomorrow. Bloomberg reports that Generation Z is borrowing heavily in high-interest debt to fuel its consumerism, a phenomenon that should be of concern in Macao. “Household debt hit levels of … Continue reading

Posted in Atlantic City, Boyd Gaming, China, Culinary Union, DraftKings, Economy, Eldorado Resorts, Internet gambling, Louisiana, Macau, Massachusetts, MGM Resorts International, New Hampshire, Ocean Resort, Oklahoma, Regulation, Scott Butera, Sexual misconduct, Sports betting, Station Casinos, Steve Wynn, Tribal, Wynn Resorts | 1 Comment

Penn a solid bet; New Year’s Eve in Vegas could be better

Penn National Gaming got a rave review from J.P. Morgan gaming analyst Joseph Greff, who wrote that ” we continue to believe PENN offers a favorable risk/reward with an attractive valuation.” Strong fundamentals in the regional-gaming sphere were cited, as … Continue reading

Posted in Entertainment, Japan, Massachusetts, Missouri, Nevada, Ohio, Penn National, Pinnacle Entertainment, Regulation, Sexual misconduct, Sports betting, Steve Wynn, Taxes, The Strip, Wall Street, Wynn Resorts | 2 Comments

Tumult in Atlantic City; Goodell’s exquisite hypocrisy

Atlantic City casinos have had enough with the town’s mayoral office. They want it eliminated in favor of a city manager. Difficult to argue with that one. Except for Don Guardian, we haven’t seen one A.C. mayor we’ve liked. The … Continue reading

Posted in Arizona, Atlantic City, Caesars Entertainment, China, Dining, Election, Entertainment, history, Indiana, Macau, Melco Resorts & Entertainment, MGM Resorts International, Oscar Goodman, Politics, Sports betting, Steve Wynn, The Strip, Tilman Fertitta, Tourism, Unite-Here, Wall Street, Wynn Resorts | 1 Comment

Wynn writes $20M check; Japan wants your winnings

Settlement of a shareholder lawsuit against Wynn Resorts will be covered in large part by Steve Wynn himself, paying $20 million, with insurers chipping in $21 million. The suit accused the Wynn Resorts board of directors of complicity in Steve … Continue reading

Posted in China, Economy, Environment, Japan, Macau, Problem gambling, Sexual misconduct, Steve Wynn, Taxes, Wynn Resorts | Comments Off on Wynn writes $20M check; Japan wants your winnings

Dems court Culinary vote; Scandal in Austria

Democratic presidential candidates are hardly taking the Nevada caucuses for granted. Sen. Kamala Harris (D) has already been once to Las Vegas (in vain) as has Joe Biden. The latter probably endeared himself to Culinary Union members by having a contretemps with … Continue reading

Posted in Caesars Entertainment, California, Canada, China, Culinary Union, Derek Stevens, Election, Foxwoods, International, Japan, Law enforcement, Macau, Michigan, Movies, New York, Penn National, Politics, Singapore, Station Casinos, Steve Wynn, Tourism, Tribal | Comments Off on Dems court Culinary vote; Scandal in Austria

Going for the gold in California; Vegas tops sin survey

It’s not quite as pre-apocalyptic as dogs and cats living together but California Native American tribes are joining with private-sector racetracks to push for sports betting in the Golden State, surely the ripest market in the U.S. The coalition wants … Continue reading

Posted in Atlantic City, Caesars Entertainment, California, Donald Trump, Eldorado Resorts, Election, Entertainment, history, Illinois, Japan, Louisiana, Regulation, Sports betting, Steve Wynn, Taxes, The Strip, Tribal | 1 Comment

Wynn: Elaine did me dirty; New Jersey rakes it in

On the principle that two wrongs make a right, disgraced casino mogul Steve Wynn is accusing ex-wife Elaine Wynn of stirring up the Wall Street Journal story that ended his career. This comes by way of testimony by one Renée … Continue reading

Posted in Architecture, Culinary Union, e-sports, Elaine Wynn, Election, Florida, Hard Rock International, Internet gambling, Law enforcement, Macau, MGM Resorts International, Nevada, New Jersey, New York, Politics, Resort fees, Sexual misconduct, Sports betting, Stanley Ho, Station Casinos, Steve Wynn, Taxes, Technology, Tribal, Wisconsin, Wynn Resorts | 1 Comment

Station fixation; MGM Grand for sale (again)

Citing its own study, the Culinary Union is accusing Station Casinos of running unsafe workplaces. Sample: “Nearly one-fifth (18%) of survey respondents who have not received training in biohazards said they clean biohazards.” The study targets Boulder Station, Green Valley … Continue reading

Posted in Caesars Entertainment, CityCenter, Culinary Union, Dubai, GLPI, MGM Resorts International, Penn National, Station Casinos, Steve Wynn, Wall Street | Comments Off on Station fixation; MGM Grand for sale (again)

Air guitar; Forgiveness urged for Steve Wynn

The much-anticipated opening of Hard Rock International‘s guitar-shaped hotel-casino in Hollywood, Florida, drew celebrities from Hollywood, California (Johnny Depp), as well as ones who would attend the opening of an eyelid (Kim Kardashian). Hard Rock hopes to recreate the iconic … Continue reading

Posted in Architecture, Australia, Baseball, Boyd Gaming, Caesars Entertainment, Churchill Downs, Cosmopolitan, Florida, Genting, Hard Rock International, Hooters, Illinois, International, Japan, Massachusetts, MGM Resorts International, Mississippi, Nevada, New York, Politics, Regulation, Rush Street Gaming, Scott Butera, Sexual misconduct, Sports, Sports betting, Steve Wynn, Taxes, The Strip, Tribal, Wynn Resorts | 1 Comment

Oklahoma, tribes ready to talk; Don’t geofence me in

Oct. 28 is the date appointed for Oklahoma gaming tribes to meet with Attorney General Mike Hunter and find out just what Gov. Kevin Stitt (R) wants from them. As one chief put it, “We’re anxiously awaiting what their proposal is.” … Continue reading

Posted in Caesars Entertainment, Colorado, Dan Lee, DFS, Election, Full House Resorts, G2E, Genting, history, Indiana, Las Vegas Sands, Marketing, MGM Resorts International, Oklahoma, Oregon, Regulation, Sexual misconduct, Singapore, Sports betting, Steve Wynn, Taxes, The Strip, Tribal, Wynn Resorts | 1 Comment

Steve Wynn, get lost

Steve Wynn thinks he’s above the Nevada Gaming Control Board. Perhaps he still imagines himself to be “the most powerful man in Nevada.” Either way, he failed to show up for an NGCB hearing on September 7, 2018, showing his … Continue reading

Posted in Australia, China, e-sports, Environment, Japan, MGM Resorts International, Oregon, Politics, Regulation, Sexual misconduct, Sports betting, Steve Wynn, Tribal, TV, Wynn Resorts | 1 Comment

Bellagio, Circus Circus sold

Back on Sept. 17 we reported that MGM Resorts International was dickering with Blackstone Group to sell the latter Bellagio and MGM Grand. Well, the Green Monster got left out of the transaction but MGM’s most iconic property will change hands, … Continue reading

Posted in Caesars Entertainment, Cosmopolitan, Japan, Macau, Marketing, Massachusetts, MGM Resorts International, Phil Ruffin, Sports, Steve Wynn, The Strip | Comments Off on Bellagio, Circus Circus sold

Should we ban Steve Wynn?; Caesars vote set

Perhaps anticipating the expiration of Steve Wynn‘s noncompete agreement with Wynn Resorts, the Nevada Gaming Control Board has filed a complaint against El Steve in court, saying he brought “discredit” upon the state of Nevada, reports KTNV-TV. Could this be … Continue reading

Posted in Caesars Entertainment, California, Carl Icahn, Cordish Co., Dining, Economy, Eldorado Resorts, Environment, Hard Rock International, history, Las Vegas Raiders, Louisiana, Marketing, Maryland, Massachusetts, Mohegan Sun, Regulation, Sexual misconduct, Steve Wynn, Tribal, Wall Street, Wynn Resorts | 2 Comments

Wynn sued … twice

Steve Wynn is the gift you wish wouldn’t keep on giving. Wynn Resorts has been slammed with two lawsuits in a week, thanks to Wynn’s libidinous proclivities. According to Casino.org, “Steve Wynn, pressured [women] to not talk with the media, only … Continue reading

Posted in Dan Gilbert, Dining, Economy, Entertainment, Greenwood Racing, Hard Rock International, Marketing, Massachusetts, Mohegan Sun, Ohio, Pennsylvania, Regulation, Security, Sexual misconduct, Sports, Steve Wynn, Transportation, Wynn Resorts | 1 Comment