Category Archives: Steve Wynn

So long, Total Rewards; MGM goes to Yonkers

Posted on February 1, 2019 by David McKee

Despite one less weekend day than 2017, December was good for the Las Vegas Strip. Visitation was up over 2% and room revenues leapt 16% to an average of $104/room. This was particularly impressive given a 23% decline in convention … Continue reading →

Posted in Caesars Entertainment, Economy, Harrah's, International, Internet gambling, Macau, Marketing, Massachusetts, MGM Resorts International, New York, Regulation, Sexual misconduct, Steve Wynn, Taxes, The Strip, Tourism, Transportation, Wynn Resorts | Comments Off on So long, Total Rewards; MGM goes to Yonkers

Wynn: The settlement; Paddock explained, somewhat

Posted on January 29, 2019 by David McKee

We’re into Day Two of the Wynn Resorts settlement with the Nevada Gaming Control Board and some details are starting to make their way into the public discourse. Forbes enumerates the charges and they include: “Employee 1 claimed that in … Continue reading →

Posted in Architecture, Genting, Law enforcement, Mandalay Bay Massacre, Massachusetts, MGM Resorts International, Regulation, Steve Wynn, The Strip, Wynn Resorts | 2 Comments

This just in: Wynn fined, settles with Resorts World

Posted on January 28, 2019 by David McKee

Although it seemed as though the Nevada Gaming Control Board had forgotten about its investigation of sexual harassment at Wynn Resorts, it was merely running silent, running deep. It came to the surface today with a settlement agreement whereby Wynn … Continue reading →

Posted in Architecture, Genting, Regulation, Sexual misconduct, Steve Wynn, The Strip, Wynn Resorts | Comments Off on This just in: Wynn fined, settles with Resorts World

Adelson sparks firestorm

Posted on January 21, 2019 by David McKee

When Bill Miller was appointed CEO of the American Gaming Association, we speculated that his relationship with Sheldon Adelson would be “less strained” than that of predecessor Geoff Freeman. Indeed, that already seems to be the case. It would account … Continue reading →

Posted in AGA, Carl Icahn, Churchill Downs, Delaware, DFS, Eldorado Resorts, Florida, Geoff Freeman, Illinois, Internet gambling, Massachusetts, MGM Resorts International, Nevada, New Jersey, New York, Politics, Racinos, Regulation, Sheldon Adelson, Sports, Sports betting, Steve Wynn, Tropicana Entertainment, Wall Street, William Hill, Wynn Resorts | Comments Off on Adelson sparks firestorm

Clouded future for Ocean; Wynn keeps fighting

Posted on January 14, 2019 by David McKee

While the mainstream media has gone quiet over the sudden change of ownership at Ocean Resort, Global Gaming Business is reporting that lead owner Bruce Deifik didn’t leave voluntarily but was kicked out by other investors. Luxor Capital Group supposedly … Continue reading →

Posted in Atlantic City, Bruce Deifik, Caesars Entertainment, Colorado, Law enforcement, Massachusetts, Nevada, Regulation, Revel, Sexual misconduct, Steve Wynn, Tribal, Wall Street, Wynn Resorts | 1 Comment

MGM gets new admirer; Okada busted again

Posted on January 8, 2019 by David McKee

JP Morgan has initiated analyst-focus coverage of MGM Resorts International “as we see an increasingly favorable setup for 2019” that includes “relatively low expectations in Las Vegas.” Morgan analyst Joseph Greff applauded the upcoming pogrom of the MGM workforce, as well … Continue reading →

Posted in Caesars Entertainment, Detroit, Entertainment, Foxwoods, Kazuo Okada, Law enforcement, Louisiana, Macau, Massachusetts, MGM Resorts International, Mohegan Sun, New York, Ohio, Penn National, Philippines, Regulation, Rhode Island, Sports, Steve Wynn, The Strip, Wall Street, Wynn Resorts | 1 Comment

Wynn at risk; Christmas stocking for Station, Boyd, etc.

Posted on December 26, 2018 by David McKee

Steve Wynn might want to think twice about buying back into Wynn Resorts. Stock analyst Frank Fantini thinks the company’s Macao holdings might be made an example in the U.S./China trade war. Fantini believes Beijing could target “companies that are not … Continue reading →

Posted in Boyd Gaming, Economy, Golden Gaming, Macau, MGM Resorts International, Nevada, Pansy Ho, Reno, Sheldon Adelson, Station Casinos, Steve Wynn, Wall Street, Wynn Resorts | Comments Off on Wynn at risk; Christmas stocking for Station, Boyd, etc.

Sports betting comes to D.C.; Free advice for Steve Wynn

Posted on December 19, 2018 by David McKee

In a move that is certain to chap the hindquarters of prudes like Sen. Orrin Hatch (R), the District of Columbia‘s ruling body has voted 11-2 to legitimize sports betting in our nation’s capitol. According to NBC, the legislation permits … Continue reading →

Posted in AGA, California, Dining, Marketing, Mississippi, Politics, Sports betting, Steve Wynn, The Strip | Comments Off on Sports betting comes to D.C.; Free advice for Steve Wynn

Scientific pays up; Clouds over Macao

Posted on December 14, 2018 by David McKee

“While we firmly believe that the jury decision was wrong, we are pleased with the outcome of the settlement and that this matter will be resolved for good,” said Scientific Games Chief Legal Officer James Sottile, trying to spin a … Continue reading →

Posted in Caesars Entertainment, Colony Capital, Donald Trump, Economy, Japan, Las Vegas Sands, Law enforcement, Macau, Melco Resorts & Entertainment, Scientific Games, Sheldon Adelson, Steve Wynn, Transportation, Wall Street, Wynn Resorts | 1 Comment

Ruffin over Miami; Satre to state Wynn’s case

Posted on December 10, 2018 by David McKee

“I look forward to entering the Miami gaming market through this acquisition. We have exciting plans for Casino Miami that we will be revealing in the near future.” With those words Phil Ruffin took possession of the $155 million casino, … Continue reading →

Posted in Election, Florida, International, Internet gambling, Las Vegas Sands, Macau, Massachusetts, MGM Resorts International, Mohegan Sun, New Jersey, New York, Phil Ruffin, Politics, Regulation, Seminole Tribe, Sexual misconduct, Sports betting, Steve Wynn, Wall Street, Wynn Resorts | Comments Off on Ruffin over Miami; Satre to state Wynn’s case

Slow news day

Posted on November 21, 2018 by David McKee

Effects of MGM Springfield on Connecticut tribal casinos are starting to show. To view the glass as half-empty, slot revenues at Mohegan Sun were down 17.5% last month and 15.5% lower at Foxwoods Resort Casino. The glass-half-full perspective is that … Continue reading →

Posted in Atlantic City, Connecticut, Foxwoods, Internet gambling, Massachusetts, MGM Resorts International, Mohegan Sun, Regulation, Sexual misconduct, Sports betting, Steve Wynn, Technology, Wynn Resorts | Comments Off on Slow news day

Churchill Downs aims for Nashville; Goodbye, Sigma Derby

Posted on November 19, 2018 by David McKee

Late last week, Churchill Downs was awarded a racing license in Oak Grove, Kentucky, putting CHDN within an hour’s drive of the Nashville market. The plan is to invest $150 million in a racing oval, a hotel and — most … Continue reading →

Posted in Caesars Entertainment, Churchill Downs, Dan Gilbert, Detroit, Entertainment, Genting, Georgia, history, Kentucky, MGM Resorts International, Ohio, Penn National, Racinos, Regulation, Sexual misconduct, Sheldon Adelson, Steve Wynn, Technology, The Strip, Wall Street, Wynn Resorts | 2 Comments

Greektown sold; Resorts World Catskills gets cash infusion

Posted on November 14, 2018 by David McKee

Due to its presence in the Detroit market as operator of Caesars Windsor, it’s not possible for Caesars Entertainment to own a casino in Motown. But nobody said anything about its REIT, Vici Properties. The latter is teaming with Penn National Gaming … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, California, Dan Gilbert, Detroit, Eldorado Resorts, Election, Genting, Internet gambling, Massachusetts, Mohegan Sun, New Jersey, New York, Penn National, Pennsylvania, Pinnacle Entertainment, Regulation, Sheldon Adelson, Sports betting, Steve Wynn, Wynn Resorts | Comments Off on Greektown sold; Resorts World Catskills gets cash infusion

Stasis in Missouri; Steve Wynn’s got a secret

Posted on November 13, 2018 by David McKee

Missouri casinos grossed $138 million last month, essentially flat with 2017. The big winner was Eldorado Resorts, up 19% at Lumiere Place (shown, $13 million) but 9% lower at Isle of Capri Kansas City ($5 million). Boyd Gaming had an inauspicious … Continue reading →

Posted in Affinity Gaming, Ameristar, Boyd Gaming, Economy, Eldorado Resorts, Galaxy Entertainment, International, Iowa, Isle of Capri, Las Vegas Sands, Macau, Massachusetts, Melco Crown Entertainment, MGM Resorts International, Missouri, Penn National, Regulation, Sociedade de Jogos de Macau, Steve Wynn, Wynn Resorts | 1 Comment

Steve Wynn makes out like a bandit; Smoke ’em while you’ve got ’em

Posted on November 9, 2018 by David McKee

Steve Wynn‘s liquidation of his stake in Wynn Resorts may have seemed like an act of petulance but — in light of subsequent movement in the stock market — it appears highly astute. Since El Steve’s big sale WYNN has … Continue reading →

Posted in Colorado, Dan Lee, Economy, Elaine Wynn, Entertainment, Full House Resorts, Georgia, Japan, Law enforcement, Macau, Marijuana, MGM Resorts International, Steve Wynn, The Strip, Tourism, Transportation, Wall Street, Wynn Resorts | 2 Comments

Wynn lagoon scrapped, company struggles with life after Steve

Posted on November 8, 2018 by David McKee

King Kong is out, Tom Fazio is in. To no one’s great surprise, Wynn Resorts has drained the swamp, er, canceled the Paradise Park lagoon, a colossal (38 acre) waste of water and act of insensitivity to Nevada‘s drought that … Continue reading →

Posted in Architecture, Economy, Entertainment, Genting, Macau, Marketing, Palms, Station Casinos, Steve Wynn, The Strip, Wall Street, Wynn Resorts | 1 Comment

Tribal gaming bigger than ever; Sessions out in D.C.

Posted on November 8, 2018 by David McKee

There’s been a round-robin at Seminole Gaming. The chair left vacant by Joe Lupo at Seminole Hard Rock Hotel & Casino Tampa will be filled by Seminole Casino Coconut Creek President Steve Bonner, a 16-year veteran of Coconut Creek. General Manager Larry Buck … Continue reading →

Posted in Atlantic City, Caesars Entertainment, California, Colorado, Economy, Florida, Las Vegas Sands, Marijuana, Marketing, Massachusetts, MGM Resorts International, Mohegan Sun, Nevada, Oklahoma, Regulation, Scientific Games, Seminole Tribe, Steve Wynn, The Strip, Tribal, Vermont, Wynn Resorts | Comments Off on Tribal gaming bigger than ever; Sessions out in D.C.

Massachusetts’ fate tied to Wynn’s

Posted on October 29, 2018 by David McKee

There’s light at the end of Wynn Resorts‘ tunnel in Massachusetts. Trouble is, it won’t arrive until December and it will take the form of an investigative report, nearly a year in the making, from the Massachusetts Gaming Commission (postponed … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, Cordish Co., Greenwood Racing, Harrah's, history, International, Iowa, Massachusetts, MGM Resorts International, Nebraska, Pennsylvania, Pinnacle Entertainment, Regulation, Sexual misconduct, Sports, Sports betting, Steve Wynn, Tribal, William Hill, Wynn Resorts | Comments Off on Massachusetts’ fate tied to Wynn’s

It’s Adelson’s nation, we just live here

Posted on October 17, 2018 by David McKee

If democracy is for sale then Sheldon Adelson appears to have the winning bid. Having already pumped $55 million into the Senate Leadership Fund and Congressional Leadership Fund earlier this year, he’s donating untold millions more in an 11th-hour attempt … Continue reading →

Posted in Election, Entertainment, Japan, Las Vegas Sands, Law enforcement, LVCVA, Macau, MGM Resorts International, Politics, Sheldon Adelson, Steve Wynn, The Strip, Tribal, Wynn Resorts | Comments Off on It’s Adelson’s nation, we just live here

Congress: Listen to the ladies (it’s not what you think)

Posted on October 1, 2018 by David McKee

We predicted a kangaroo court for sports betting on Capitol Hill last week and our fears were confirmed when influential Rep. James Sensenbrenner opined that “We’re going to be in for huge amounts of trouble in the future.” Nothing like stacking … Continue reading →

Posted in AGA, Economy, G2E, Internet gambling, Law enforcement, Macau, Marketing, Massachusetts, MGM Resorts International, Movies, Politics, Regulation, Sheldon Adelson, Sports, Sports betting, Steve Wynn, Technology, The Strip, Wynn Resorts | Comments Off on Congress: Listen to the ladies (it’s not what you think)