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Category Archives: Steve Wynn
Sahara: Devils in the details; Does your mother know?
Barbara De Lollis had better re-cork the champagne. Wall Street Journal coverage of Sam Nazarian‘s much-hyped, $300 million Sahara loan raises grave doubts about the viability of the project, budgeted at $415 million. According to Pulitzer Prize-winning reporter Alexandra Berzon, … Continue reading
Posted in Boyd Gaming, California, CityCenter, Colony Capital, Cordish Co., Current, Economy, Georgia, Harrah's, Harry Reid, International, Maryland, MGM Mirage, Michael Gaughan, Penn National, Phil Ruffin, Planet Hollywood, Sahara, Sheldon Adelson, Station Casinos, Steve Wynn, Tourism, TV, Wall Street
2 Comments
People’s Republic of Steve; Sahara Sam’s big score
Although I was only joking when I suggested that Steve Wynn‘s long-sought Cotai Strip land grant would come in on May Day, some Communist Party bureaucrat wasn’t. After many false alarms, the 51 acres were finally ‘gazetted’ on May 1. … Continue reading
The biggest losers; The Facebook factor
There’s a new power player in gaming and it’s … Brookfield Asset Management? The Canadian lender is already calling the shots (along with Warner Gaming) at the Hard Rock Hotel & Casino, a $1.5 billion quagmire into which Morgans Hotel … Continue reading
Polished Nugget, burnished Wynn
In what might be called The Era of Deferred Maintenance, Landry’s Restaurants CEO Tilman Fertitta still believes in spending money to make money. That’s why he poured $150 million into the former Trump Marina and, consequently, the Golden Nugget Atlantic … Continue reading
Get over it, Vegas; Fat City
Some local businessmen busted out the crying towels last weekend and threw themselves a pity party in the pages of the Los Angeles Times. Now, the wipeout of the Las Vegas economy is — or should be — old news … Continue reading
Posted in Architecture, Atlantic City, CityCenter, Cosmopolitan, Dining, Economy, Encore, Environment, MGM Mirage, Politics, Sheldon Adelson, Steve Wynn, Taxes, The Strip, Tourism
4 Comments
Sauce for the goose; Wall Street hearts LVS, MGM & Melco
Sheldon Adelson must have great and abiding faith in the American legal system … at least some of the time. He’s counting on it to cover his butt over in Macao, where erstwhile partners Asian American Entertainment have filed suit … Continue reading
Maryland accord totters; Massachusetts cities get testy
Never say “never” but a pet casino project of Maryland Senate President Thomas V. “Mike” Miller Jr. is in critical condition. The sweetheart deal, which would gift-wrap a casino for National Harbor in Miller’s Prince George’s County (in return for … Continue reading
Posted in Current, Economy, Harrah's, Maryland, Massachusetts, Penn National, Politics, Racinos, Regulation, Reno, Steve Wynn
1 Comment
Macao: Crossed fingers at Wynn; Confrontation at Melco
According to the Jornal Tribuna de Macau, by the end of the month, Wynn Resorts and the government of Macao “may sign” the long-awaited land tender upon which the fate of $2.7 billion Wynn Cotai rests. It “could be” a … Continue reading
Sheldon Adelson, super villain
“Where’s the white cat,” asked an S&G reader when photos from the grand opening of Sands Cotai Central showed Sheldon Adelson doing a superb impersonation of Ernst Stavro Blofeld, “crumpets” in attendance. You can just imagine him sitting there, brainstorming … Continue reading
Swelled head
Now, I know that Steve Wynn has a big ego — not unjustifiably — and can get carried away at times, but I doubt that it causes his noggin to swell to abnormal dimensions. Forbes Asia must think its readers … Continue reading
Posted in International, Sheldon Adelson, Steve Wynn, Technology
3 Comments
Illinois: Visit more, spend less; Harrah’s breaks losing streak
Although recent investor presentations by the major casino and game-making companies would leave one feeling pretty sanguine about the economy, “pallid” is the word for the industry’s performance in Illinois last month. Attendance at casinos rose 21% but spending was … Continue reading
Posted in Ameristar, Boyd Gaming, Economy, Harrah's, Illinois, Iowa, Isle of Capri, Macau, MGM Mirage, Neil Bluhm, Penn National, Sheldon Adelson, Steve Wynn, Taxes, The Strip, Wall Street
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Ides of March: Caesars, MGM, Wynn court Wall Street
Evidently J.P. Morgan‘s Gaming, Lodging & Leisure Management Access Forum, being held this week at Wynncore, isn’t sufficiently important to merit the attendance of Big Gaming’s CEOs. If Steve Wynn couldn’t make the stroll from his office to Encore’s meeting … Continue reading
Posted in Ameristar, Atlantic City, Boyd Gaming, CityCenter, Current, Detroit, Economy, Encore, Entertainment, Harrah's, Illinois, Internet gambling, Macau, Marketing, Maryland, Massachusetts, MGM Mirage, Neil Bluhm, Ohio, Politics, Regulation, Sheldon Adelson, Stanley Ho, Steve Wynn, Technology, The Strip, Tourism, Wall Street, World Series of Poker
2 Comments
Adelson minions visit Encore: Big Gaming courts Wall Street
There will be Ice Capades in Hell before Sheldon Adelson sets foot in Encore, I should expect. However, with J.P. Morgan holding an investor conference at Wynncore, it would be poor form of Las Vegas Sands — currently the darling … Continue reading
Posted in Ameristar, Atlantic City, Boyd Gaming, Cordish Co., Current, Detroit, Economy, Harrah's, International, Internet gambling, Kansas, Louisiana, M Resort, Macau, Marketing, Maryland, Massachusetts, MGM Mirage, Mississippi, Missouri, Ohio, Penn National, Pennsylvania, Pinnacle Entertainment, Racinos, Regulation, Sheldon Adelson, Singapore, Station Casinos, Steve Wynn, The Strip, Tourism, Wall Street, West Virginia
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Gambling makes strange bedfellows; Two kinds of Trop trouble
Earlier today, we witnessed the strange spectacle of a capitalist decrying the effect of market forces upon his business. It’s an indirect reminder that casinos are that rare issue which brings together the old maids of the far left and … Continue reading
Wynn vs. Okada: Shooting the messenger; Ship of fools
Stung by accusations from Wynn Resorts that erstwhile Shareholder #1 Kazuo Okada had been greasing palms at PAGCOR, prompt action was taken by the Philippines House Committee on Games & Amusements. It promptly banned … Steve Wynn. This comical, “circle … Continue reading
Vegas gets its groove back; “Zarkana” comes to Aria
In terms of quantity, quality and proximity, the Los Angeles Times is the closest thing Las Vegas has to a major metropolitan daily. (Hell, the Sacramento Bee puts the Las Vegas Review-Journal to shame.) Indeed, the LAT treats Sin City … Continue reading
Posted in Animals, Architecture, Arizona, Boyd Gaming, California, Cirque du Soleil, CityCenter, Cosmopolitan, Dining, Donald Trump, Downtown, Entertainment, Harrah's, history, Macau, MGM Mirage, Movies, Phil Ruffin, Sheldon Adelson, Steve Wynn, Tamares Group, The Strip, Tourism
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Gaughan expands empire … and sundry other Case Bets
Having already taken charge of the hotel operations of the JW Marriott Las Vegas Resort & Spa (for historical purposes, best known as The Resort at Summerlin) last summer, Michael Gaughan Jr. will now extend his operational control to its … Continue reading
Posted in Current, Dining, Entertainment, Georgia, Harrah's, International, Macau, MGM Mirage, Michael Gaughan, Ohio, Penn National, Racinos, Regulation, Sheldon Adelson, Singapore, Steve Wynn, Tourism
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Biloxi: Isle out, Landry’s in; Grind joints come to Atlantic City
Not even a rocky start in Atlantic City has cooled the ardor of Landry’s Restaurant CEO Tilman Fertitta for new casino acquisitions. Earlier today Landry’s announced that it had bought Isle Casino Hotel, putting Fertitta into the Biloxi market. The … Continue reading
Slave to SmithCoast
Those nice folks at CityLife must think I did all right by that last cover story because they’ve got me taking the lead on their media blitz vis-a-vis the impending (March 12) opening of the Smith Center for the Performing … Continue reading
Posted in Boyd Gaming, Downtown, Entertainment, MGM Mirage, Sahara, Steve Wynn
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