Category Archives: Steve Wynn

Unwelcome surprise for Steve Wynn

Posted on November 21, 2013 by David McKee

A bomb just went off under Steve Wynn‘s $1.3 billion casino project in Everett. Multiple felon Charles Lightbody has been bragging upon his supposedly hidden ownership in the land on which Wynn has taken an option. So say confidential sources. … Continue reading →

Posted in Harrah's, Internet gambling, Marketing, Massachusetts, MGM Mirage, Sam Nazarian, Steve Wynn, The Mob, Tourism | 1 Comment

Discord over Macao, harmony at MGM

Posted on November 21, 2013 by David McKee

If there’s anything murkier than the gambling subculture of Macao, it’s the report on same issued by  U.S.-China Economic Security Review Commission. Its conclusion that money laundering “might be out there” won’t come to a shock to anyone. U.S. casino companies … Continue reading →

Posted in Culinary Union, Current, Macau, MGM Mirage, Regulation, Sheldon Adelson, Steve Wynn, The Strip, Tourism, Wall Street | Comments Off on Discord over Macao, harmony at MGM

Foxwoods Massachusetts: All the king’s horses …

Posted on November 20, 2013 by David McKee

In what must be the shortest-lived deal in Penn National Gaming‘s history, its nascent partnership with Foxwoods Resort Casino went down to defeat yesterday. Crossroads Massachusetts, as it was called, didn’t just lose — it was crushed. An unofficial tabulation … Continue reading →

Posted in Cordish Co., Foxwoods, Greenwood Racing, Massachusetts, MGM Mirage, Penn National, Regulation, Steve Wynn | Comments Off on Foxwoods Massachusetts: All the king’s horses …

Racing the clock at Foxwoods, in Philly

Posted on November 15, 2013 by David McKee

It’s entirely possible that Milford voters could pink-slip Crossroads Massachusetts next Tuesday. But even if they don’t, Foxwoods Casino Resort CEO Scott “Woody” Butera is watching the project crumble before his very eyes. The Massachusetts Gaming Commission looked at the … Continue reading →

Posted in CityCenter, Cordish Co., Current, Dining, Election, Foxwoods, Horseracing, Kansas, Maryland, Massachusetts, Penn National, Pennsylvania, Regulation, Steve Wynn, Tomato King Procacci, Wall Street | Comments Off on Racing the clock at Foxwoods, in Philly

Looking for a few good gamblers; Loveman lauded

Posted on November 14, 2013 by David McKee

If you live in New Jersey, this may be your lucky day. The state is looking for players to try out its i-gaming system ahead of the Nov. 26 launch. A month into real-money play, New Jersey will permit bonus … Continue reading →

Posted in Florida, Harrah's, Internet gambling, Massachusetts, Regulation, Steve Wynn | 1 Comment

Life beyond Wynn; Crazy bounce in Atlantic City; Pressure rises in Macao

Posted on November 13, 2013 by David McKee

Applicants for Philadelphia‘s remaining casino license say they’re still keen on their chances even though Steve Wynn has dropped out? And why not? Everybody else’s odds just got better. I’d be doing the happy dance, too, if I was Penn … Continue reading →

Posted in Economy, Macau, Neil Bluhm, New York, Penn National, Pennsylvania, Revel, Steve Wynn, Tropicana Entertainment, Trump Entertainment Resorts, Wall Street | Comments Off on Life beyond Wynn; Crazy bounce in Atlantic City; Pressure rises in Macao

Wynn abandons Philly (again); Scramble at Suffolk

Posted on November 12, 2013 by David McKee

Twice in the past three years, Steve Wynn has pulled out of a casino project in Philadelphia. I don’t blame him. It’s a saturated market and trying to recoup the costs of a $926 million project in a timely manner … Continue reading →

Posted in Atlantic City, Hard Rock International, Harrah's, history, Illinois, Macau, Massachusetts, MGM Mirage, Neil Bluhm, Pennsylvania, Regulation, Steve Wynn, Taxes, Texas | Comments Off on Wynn abandons Philly (again); Scramble at Suffolk

N.Y. claims first casualty: Steve Wynn; Walker’s waiting game

Posted on November 11, 2013 by David McKee

For the second time, Steve Wynn is pulling out of contention for the one remaining Philadelphia casino license. In a prepared statement, Wynn Resorts said its board had recently met, conducted a feasibility study and “decided that the best course … Continue reading →

Posted in Architecture, Charity, Current, Isle of Capri, Massachusetts, New York, Penn National, Pennsylvania, Steve Wynn, Tomato King Procacci, Tribal, Wisconsin | 2 Comments

Election Special: No surprise in New York, big surprise in Massachusetts

Posted on November 6, 2013 by David McKee

Massachusetts may not be ready for casino gambling (unless Steve Wynn is building it). Voters said no and again no yesterday, in a series of referendums. Mohegan Sun is — quite understandably — asking for a recount. Its casino proposal … Continue reading →

Posted in Atlantic City, Current, Election, Foxwoods, Massachusetts, MGM Mirage, Mohegan Sun, New York, Politics, Regulation, Steve Wynn, World Series of Poker | 2 Comments

Big win for Wynn; Murren in the spotlight; Lies, damned lies and Sheldon Adelson

Posted on November 1, 2013 by David McKee

In a disappointing but entirely predictable result, the Nevada Supreme Court ruled that Nevada law permits employers to confiscate and redistribute tips received by employees (euphemistically referred to as “tip sharing”). Now, if a I stuck a gun in your … Continue reading →

Posted in Atlantic City, Boyd Gaming, Election, Florida, Harrah's, Marketing, Massachusetts, MGM Mirage, New York, Palms, Pennsylvania, Revel, Sheldon Adelson, Sports, Steve Wynn, The Mob, Tourism | 3 Comments

Good news, bad news for Suffolk Downs; Wynn shaken down

Posted on October 31, 2013 by David McKee

Congratulations, Suffolk Downs. You’ve been approved as a casino bidder — but the voters might nix the whole shebang. Although Suffolk Downs is bereft of an operator, having given Caesars Entertainment the heave-ho. (The latter remains in deep water, financially, making noises … Continue reading →

Posted in Foxwoods, Hard Rock International, Harrah's, Horseracing, Internet gambling, Massachusetts, Mohegan Sun, Neil Bluhm, Oklahoma, Problem gambling, Regulation, Sheldon Adelson, Steve Wynn, Tribal | Comments Off on Good news, bad news for Suffolk Downs; Wynn shaken down

Case Bets: New York, Wynn, Packer, Atlantic City & Reno

Posted on October 30, 2013 by David McKee

In a positive omen for Tuesday’s casino vote in New York, shares of Castkills-based Empire Resorts (NYNY) leapt 29%, closing at $5.30/share. The company hopes to bring casino gambling to the Concord Hotel, although jostling for the probable two Catskills … Continue reading →

Posted in Atlantic City, California, Current, Genting, Harrah's, Illinois, International, James Packer, Melco Crown Entertainment, New York, Reno, Slot routes, Station Casinos, Steve Wynn, Tribal | 4 Comments

Third degree for Cantor; Suffolk moves ahead

Posted on October 29, 2013 by David McKee

Cantor Gaming finds itself in the midst of a giant pincer movement, under investigation by at least five federal agencies and the Nevada Gaming Control Board. When ex-bookie-in-chief Colbert got a slap on the wrist from the feds, I figured … Continue reading →

Posted in Cantor Gaming, Economy, Hard Rock International, Harrah's, Macau, Massachusetts, Neil Bluhm, Regulation, Sheldon Adelson, Steve Wynn | Comments Off on Third degree for Cantor; Suffolk moves ahead

MGM’s, Wynn’s odds worsen in Massachusetts

Posted on October 28, 2013 by David McKee

Did anyone envision a scenario whereby all three of Massachusetts‘ casinos could be tribally owned? It could happen. Leaving aside the chance of expanded gambling in Connecticut, the prospect that MGM Resorts International will be weighed in the balance and … Continue reading →

Posted in Cordish Co., Entertainment, Foxwoods, Greenwood Racing, Harrah's, Macau, Massachusetts, MGM Mirage, Mohegan Sun, Pansy Ho, Penn National, Regulation, Steve Wynn, The Strip, Tourism, Tribal | Comments Off on MGM’s, Wynn’s odds worsen in Massachusetts

Quote of the Day

Posted on October 28, 2013 by David McKee

“They’ve got a piece of property that they can’t use. Massachusetts has got a piece of property that’s dirty and they can’t use. I’m the damn fool that wants to come and spend a billion and two or three hundred … Continue reading →

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

The importance of being Steve Wynn; Sheldon’s fan club

Posted on October 25, 2013 by David McKee

“Even the Red Sox aren’t that popular in Everett,” says Steve Wynn, alluding to recent poll numbers. Heady stuff. So, while he comes down off Cloud Nine, let’s look at a pretty impressive 3Q13 — if not as boffo as … Continue reading →

Posted in Economy, Entertainment, Hard Rock International, Macau, Massachusetts, Pennsylvania, Regulation, Sheldon Adelson, Steve Wynn, The Strip, Wall Street | 2 Comments

Quote of the Day

Posted on October 25, 2013 by David McKee

“[B]asically these states are asking us to come and spend billions of dollars. Now if we were any other business, they would stand on their head and spit wooden nickels to get billions of dollars invested from any other business. … Continue reading →

Posted in Massachusetts, Pennsylvania, Regulation, Steve Wynn | Comments Off on Quote of the Day

Caesars: Fiasco in Boston

Posted on October 21, 2013 by David McKee

Suffolk Downs will be moving forward … without Caesars Entertainment. The track dropped Caesars like a bad habit over the weekend. Caesars tried to make it sound like the decision was its own. Spokesman Stephen Cohen threw a hissy fit, … Continue reading →

Posted in Hard Rock International, Harrah's, Illinois, Internet gambling, Massachusetts, MGM Mirage, Neil Bluhm, Problem gambling, Regulation, Slot routes, Steve Wynn, Wall Street | 2 Comments

Breakthrough in Wisconsin; Second chance in Biloxi

Posted on October 20, 2013 by David McKee

Approval of a Dairyland casino for the Menominee Tribe is still the longest of long shots, but there were faint cracks in the ice after a summit meeting earlier this week. Contrary to earlier reports, participants did a little bit … Continue reading →

Posted in Architecture, Harrah's, history, Mississippi, Steve Wynn, Tribal, Wisconsin | Comments Off on Breakthrough in Wisconsin; Second chance in Biloxi

What’s Steve Wynn thinking?; Best news of the week

Posted on October 18, 2013 by David McKee

If Steve Wynn is trying to talk himself out of contention in Massachusetts, he’s doing a good job of it. Yesterday, he told the Massachusetts Gaming Commission, “We’re scared to death — not that you won’t pick us, but that … Continue reading →

Posted in ABBA, Alex Yemenidjian, Current, Election, Entertainment, Macau, Massachusetts, MGM Mirage, New York, Regulation, Steve Wynn, The Strip | 2 Comments