Category Archives: Steve Wynn

Not just another pretty face

Posted on May 11, 2010 by David McKee

Because of the relatively low base salaries drawn by CEOs of major casino companies, they’ve generally been exempt from mass-media scrutiny. However, the ways in which the compensation pot has been sweetened for Las Vegas‘ (or would that be China‘s?) … Continue reading →

Posted in Current, Entertainment, International, Sheldon Adelson, Steve Wynn, The Strip, Transportation, Wall Street | 2 Comments

While Atlantic City burns …

Posted on May 7, 2010 by David McKee

While Atlantic City burns, Gov. Chris Christie fiddles. After coming into office saying the right things about helping the state’s casino industry, Christie has spent most of first months in office dithering uselessly. Having waited until A) the Revel project … Continue reading →

Posted in Alabama, Atlantic City, CityCenter, Colony Capital, Current, Dining, Donald Trump, Economy, Election, Environment, Harrah's, Louisiana, MGM Mirage, Mississippi, Pennsylvania, Planet Hollywood, Politics, Regulation, Steve Wynn, The Strip, Tourism, Tribal, Wall Street | 4 Comments

Blasts from the past

Posted on May 6, 2010 by David McKee

Steve Wynn‘s been taking himself a mite too seriously of late, which makes me wonder whatever happened to this guy? At least the “hair helmet” look is a thing of the past. Sadly, so too is the Golden Nugget Atlantic … Continue reading →

Posted in Atlantic City, Colony Capital, Harrah's, James Packer, Marketing, Phil Ruffin, Steve Wynn, The Strip, TV | Comments Off on Blasts from the past

Quote of the Day

Posted on May 4, 2010 by David McKee

“[Steve] Wynn does business in Las Vegas, where Gaming Inc. pays a 6.75 percent tax rate and casino bosses bray like thunderstruck donkeys when someone reminds them Mississippi casinos pay 8 percent, Atlantic City casinos contribute 9[%], and Louisiana riverboats … Continue reading →

Posted in Atlantic City, Louisiana, Macau, Mississippi, Steve Wynn, Taxes | Comments Off on Quote of the Day

Macao’s best month ever

Posted on May 3, 2010 by David McKee

Pace T.S. Eliot, April was not the cruelest month for Macao. Quite the contrary: The protectorate posted gambling revenues of $1.72 billion, a single-month record. Galaxy Entertainment (whose new Cotai Strip™ pleasure palace is pictured, above) brought up the rear, … Continue reading →

Posted in Current, Economy, International, James Packer, Lawrence Ho, Macau, Melco Crown Entertainment, MGM Mirage, Regulation, Sheldon Adelson, Stanley Ho, Steve Wynn | Comments Off on Macao’s best month ever

Sickness, health & Shakespeare

Posted on April 30, 2010 by David McKee

No sooner was the S&G software restored to working order than Yr. Humble Blogger was laid low by either A) too much indulgence in Harrah’s Entertainment‘s “Buffet of Buffets” or B) my worst fibromyalgia attack in years. Given Vegas’ recent … Continue reading →

Posted in Current, Dining, Entertainment, Harrah's, Macau, Steve Wynn, The Strip | 1 Comment

Steve Wynn may take his ball …

Posted on April 22, 2010 by David McKee

… and move to Macao. Or so he says. Given Steve Wynn‘s long track record of thinking aloud, I’d assign a low probability to this trial-balloon idea. Besides, in the U.S. the mogul can pop off at the government without … Continue reading →

Posted in CityCenter, Economy, International, Macau, MGM Mirage, Sheldon Adelson, Steve Wynn, The Strip, TV | 1 Comment

Quote of the Day

Posted on April 22, 2010 by David McKee

“It’s retribution, and it’s an incredibly bad business decision because there is so much brand equity wrapped up in that Mirage name. Kirk Kerkorian would not have bought those resorts were it not for all the value and mystique that … Continue reading →

Posted in Current, MGM Mirage, Steve Wynn, Wall Street | 2 Comments

Betting on Adelson

Posted on April 13, 2010 by David McKee

Analysts at J.P. Morgan are downright bullish on Las Vegas Sands, raising their stock price target by over 25% (to $29/share). Their ebullience is motivated in large part by expectations for Marina Bay Sands, which they estimate will garner 55% … Continue reading →

Posted in Ameristar, CityCenter, Economy, Indiana, Kansas, Lyle Berman, Macau, MGM Mirage, Missouri, Pinnacle Entertainment, Sheldon Adelson, Singapore, Steve Wynn, The Strip, Tourism, Tribal, Wall Street | 1 Comment

Quote of the Day

Posted on April 13, 2010 by David McKee

“This is a Nevada variation of ‘too big to fail.’ The big growth market is Asia, and if you want to be in the gaming business you need to be in Asia. Therefore, you have to do things the way … Continue reading →

Posted in International, Macau, MGM Mirage, Pansy Ho, Regulation, Sheldon Adelson, Stanley Ho, Steve Wynn, The Mob | Comments Off on Quote of the Day

This just in: Wynn jilts Philadelphia

Posted on April 8, 2010 by David McKee

On Monday, Steve Wynn was making nice with Philadelphia Mayor Michael Nutter and vowing to glad-hand every civic leader in sight. He had a full set of renderings for how his Wynn Resorts makeover of the mortally wounded Foxwoods project … Continue reading →

Posted in Architecture, Atlantic City, Boyd Gaming, Cannery Casino Resorts, Current, Don Barden, Harrah's, MGM Mirage, Neil Bluhm, Penn National, Pennsylvania, Politics, Racinos, Regulation, Sheldon Adelson, Steve Wynn, Taxes, Tribal | Comments Off on This just in: Wynn jilts Philadelphia

Adelson disappoints again, as does Kansas

Posted on April 7, 2010 by David McKee

“I don’t think we’re counting on them carrying the ball like we thought they would,” is the bottom line of a Wall Street Journal story on Las Vegas Sands‘ failure to complete $743 million Sands Bethlehem. Even though he once … Continue reading →

Posted in Current, Economy, Kansas, Lyle Berman, Pennsylvania, Racinos, Regulation, Sheldon Adelson, Steve Wynn, Tourism | 2 Comments

From the mailbag: Wynn in Philly

Posted on April 7, 2010 by David McKee

A longtime observer of the industry (and player) has this to say about Steve Wynn‘s revised sales pitch to the City of Philadelphia … “Unlike too many folks, I don’t worship Steve Wynn (in fact, I’ll never forgive him for … Continue reading →

Posted in Atlantic City, Current, Harrah's, Maryland, Neil Bluhm, Pennsylvania, Steve Wynn, West Virginia | 2 Comments

Wynn delivers

Posted on April 6, 2010 by David McKee

Surprising as ever, Steve Wynn showed up in Philadelphia yesterday bearing a sheaf of renderings for his proposed casinos — three weeks ahead of schedule. Wynn’s final design looks a mite grander than the one he let Steve Friess photograph, … Continue reading →

Posted in Alabama, Architecture, Bally Technologies, Current, Economy, Isle of Capri, Massachusetts, Mississippi, Neil Bluhm, Pennsylvania, Politics, Racinos, Regulation, Sheldon Adelson, Steve Wynn, Tribal | 1 Comment

From the S&G Twitter feed …

Posted on April 5, 2010 by David McKee

It’s a crazy day here and I’m deeply enmeshed in reportage (hint: it involves Station Casinos) so I’d like to take up some of the blogging slack by once more pimping the S&G Twitter feed (@stiffsgeorges), which can also be … Continue reading →

Posted in Alex Yemenidjian, Archon Corp., Bally Technologies, Current, Election, Entertainment, Harrah's, Isle of Capri, James Packer, Lawrence Ho, Macau, Marketing, Melco Crown Entertainment, MGM Mirage, Mississippi, Pinnacle Entertainment, Planet Hollywood, Sheldon Adelson, Singapore, Steve Wynn, Technology, Wall Street | Comments Off on From the S&G Twitter feed …

Could Steve Wynn jilt Philadelphia?

Posted on April 2, 2010 by David McKee

What’s Steve Wynn supposedly doing in Atlantic City this weekend and why is he allegedly kicking the tires on casino properties there? Well, it is a buyer’s market and half of Borgata is up for grabs (as would be Trump … Continue reading →

Posted in Atlantic City, Boyd Gaming, Colony Capital, Current, Donald Trump, Entertainment, International, Macau, MGM Mirage, Pansy Ho, Pennsylvania, Phil Ruffin, Pinnacle Entertainment, Politics, Regulation, Steve Wynn, The Strip | 10 Comments

A comment on “Comments”

Posted on April 2, 2010 by David McKee

Due to an as-yet-inexplicable malfunction in our blogging software, all comments, regardless of provenance — yes, even mine — are shunted directly into “Spam.” Since I no longer receive notification of the arrival of a comment that may require moderation … Continue reading →

Posted in Current, Entertainment, Harrah's, Ohio, Station Casinos, Steve Wynn, Technology, The Strip, Tourism, TV, Wall Street | 2 Comments

Wynn & the Ship of Phools

Posted on April 1, 2010 by David McKee

Whisking in just under the wire, Wynn Resorts submitted its financing package for the soon-to-be-ex-Foxwoods casino project in Philadelphia. Evidently Steve Wynn has thought better of slugging his new casino “SW,”* as reflected at left in the photo taken by … Continue reading →

Posted in Architecture, Cannery Casino Resorts, Macau, Neil Bluhm, Pennsylvania, Politics, Regulation, Station Casinos, Steve Wynn, Tribal, Wall Street | 7 Comments

Solitude at Trump

Posted on March 30, 2010 by David McKee

As the old saying goes, I have so much to do that I am going to bed. Actually, no, but I’m still wrapping my feeble brain around the double-whammy of the Station Casinos bankruptcy proposal and the brewing triads-at-Sands Macao … Continue reading →

Posted in Donald Trump, Economy, Macau, Pennsylvania, Phil Ruffin, Regulation, Sheldon Adelson, Station Casinos, Steve Wynn, The Mob, The Strip, Tourism | 7 Comments

A clarification, a continuation & a poll

Posted on March 25, 2010 by David McKee

Firstly, in defense of both LVA and our research department, they’ve been following the subject of resort fees since the June 16, 2007 Question of the Day. These past couple of weeks we’ve been trying to get a handle on … Continue reading →

Posted in Cirque du Soleil, Current, Dining, Economy, Encore, Entertainment, Harrah's, MGM Mirage, Steve Wynn, Technology, The Strip, Tourism | 1 Comment