Category Archives: Steve Wynn

MGM: Deal or no deal?

Posted on June 17, 2009 by David McKee

MGM Mirage CEO Jim Murren is re-mulling asset sales of MGM Grand Detroit, Gold Strike (Tunica, Miss.) and Beau Rivage. But all Strip assets are definitively off the market (yes, even Slots A Fun). Since the Detroit and Tunica casinos … Continue reading →

Posted in Baseball, Detroit, Downtown, Economy, International, Jack Binion, James Packer, Lawrence Ho, Macau, Melco Crown Entertainment, MGM Mirage, Mississippi, Politics, Sheldon Adelson, Steve Wynn, The Strip | Comments Off on MGM: Deal or no deal?

Scratch one Europoseur

Posted on June 15, 2009 by David McKee

Hot off the wire from Harrah’s Entertainment: “The visionary force behind Club Fuego, ND, has opted to close the nightclub in order to pursue future projects in other formats. The closure is effective today [June 15].” Durr: Friends don’t let … Continue reading →

Posted in Cirque du Soleil, Current, Entertainment, Harrah's, Sahara, Steve Wynn, The Strip | Comments Off on Scratch one Europoseur

Quote of the Day

Posted on June 12, 2009 by David McKee

“We understand the economy has had a severe impact on the gaming industry. The [casino] companies have asked for temporary economic relief. And we’re asking for a variety of things too. Whether the two minds meet, we’ll see. But we’re … Continue reading →

Posted in Downtown, Economy, MGM Mirage, Steve Wynn, The Strip | Comments Off on Quote of the Day

Rumble in Macao

Posted on June 2, 2009 by David McKee

Although an oft-promised loosening of visa restrictions by Peking stubborny refuses to materialize, an air of cautious hopefulness has crept back into Macao now that City of Dreams has opened on schedule — and it looks dazzling. Aggressive revenue projections … Continue reading →

Posted in Atlantic City, Boyd Gaming, Cannery Casino Resorts, Cosmopolitan, Current, Economy, Genting, George Maloof, James Packer, Lawrence Ho, Macau, Melco Crown Entertainment, MGM Mirage, Penn National, Planet Hollywood, Sheldon Adelson, Stanley Ho, Station Casinos, Steve Wynn, Taxes, The Strip | Comments Off on Rumble in Macao

Report from the Strat

Posted on June 2, 2009 by David McKee

A reader asked (possibly in jest) how the Hard Rock Hotel was vis-a-vis the Stratosphere. While I don't have the basis for an A:A comparison, I can comfortably say that if you can afford the Hard Rock, it's no contest. … Continue reading →

Posted in Architecture, Carl Icahn, Goldman Sachs, MGM Mirage, Morgans Hotel Group, Steve Wynn, The Strip | Comments Off on Report from the Strat

Quote of the Day

Posted on May 21, 2009 by David McKee

A certain casino. "The old timers will remember the time, and not that long ago, when casinos just looked at your action and rewarded you accordingly. They figured everyone wins at least part of the time, and they knew that if … Continue reading →

Posted in Boyd Gaming, Economy, Morgans Hotel Group, Sheldon Adelson, Steve Wynn | Comments Off on Quote of the Day

Case Bets: B'way in Vegas; Trump bloviates

Posted on May 13, 2009 by David McKee

Opening night for The Lion King is three days away. Which means the New York Times is right on schedule with another hand-wringing piece about whether Broadway-style shows can succeed in Las Vegas. By now it should be obvious that … Continue reading →

Posted in Cirque du Soleil, Donald Trump, Entertainment, Planet Hollywood, Steve Wynn, The Strip | Comments Off on Case Bets: B'way in Vegas; Trump bloviates

Case Bets: Caesars, Criss Angel, Lance Burton, Earl & Lani and Trent

Posted on May 13, 2009 by David McKee

Seen last night by an S&G source, Pit One at Caesars Palace empty save for one or two baccarat players. It’s just a small indicator of a larger disconnect that I hope to address later. PR flack Robin Leach has … Continue reading →

Posted in Cirque du Soleil, Colony Capital, Current, Economy, Encore, Entertainment, Harrah's, MGM Mirage, Planet Hollywood, Steve Wynn, The Strip, Tropicana Entertainment | Comments Off on Case Bets: Caesars, Criss Angel, Lance Burton, Earl & Lani and Trent

Quote of the Day

Posted on May 12, 2009 by David McKee

‘That’s a little out there, that’s a little fey, maybe I won’t do that, maybe I’ll butch that one up.’ I think I might have done that.” — Roger Thomas, about second-guessing himself on the designing of The Mirage and … Continue reading →

Posted in Architecture, Current, Encore, Steve Wynn, The Strip | Comments Off on Quote of the Day

Murren talks smack re: Wynn, Schaeffer

Posted on May 1, 2009 by David McKee

"No one has proven, by the way, that they can operate properties better than us, so …uh … and there's a mountain of information to show that we operate properties better than anybody. Everything that we've acquired is making more … Continue reading →

Posted in Detroit, Macau, MGM Mirage, Steve Wynn, The Strip | Comments Off on Murren talks smack re: Wynn, Schaeffer

Exit, pursued by a bear market

Posted on April 17, 2009 by David McKee

Aside from the occasional murmur by Wynn Las Vegas prexy Andrew Pascal, executives at Wynn Resorts keep a low (read: invisible) profile. Even the most assiduous follower of the casino industry would have trouble naming Wynn’s CFO off the cuff. … Continue reading →

Posted in Atlantic City, Boyd Gaming, Economy, Encore, Harrah's, IGT, Illinois, Macau, MGM Mirage, Pinnacle Entertainment, Sheldon Adelson, Steve Wynn, The Strip, Wall Street | Comments Off on Exit, pursued by a bear market

Icahn vs. Kerkorian II; Ho hearts Adelson

Posted on April 17, 2009 by David McKee

Yesterday saw some intemperate spluttering in newspaper comment threads, along the lines “How dare the Wall Street Journal report the news? It might damage stock prices!” (One hothead even bruited the possibility of a libel suit.) All of which was … Continue reading →

Posted in Carl Icahn, Economy, Lawrence Ho, Macau, Melco Crown Entertainment, MGM Mirage, Sheldon Adelson, Stanley Ho, Steve Wynn, Wall Street | Comments Off on Icahn vs. Kerkorian II; Ho hearts Adelson

Grab your ankles, casinos

Posted on April 15, 2009 by David McKee

Nevada lawmakers’ revenue model. There’s one industry that does far and away more than any other to pay the bar tab for the State of Nevada and it’s probably about to be mandated to pay even more. That’s because even … Continue reading →

Posted in Baseball, Economy, Politics, Steve Wynn, Taxes | Comments Off on Grab your ankles, casinos

Grab your ankles, casinos

Posted on April 15, 2009 by David McKee

Nevada lawmakers’ revenue model. There’s one industry that does far and away more than any other to pay the bar tab for the State of Nevada and it’s probably about to be mandated to pay even more. That’s because even … Continue reading →

Posted in Baseball, Economy, Politics, Steve Wynn, Taxes | Comments Off on Grab your ankles, casinos

Leper Colony

Posted on April 3, 2009 by David McKee

Or, in lieu of "Atlantic City Death Watch VII," maybe "Colony Death Watch." Scarcely had S&G dubbed Colony Capital's East Coast casino portfolio "Colony Crapital" than came affirmation in the form of the latest set of numbers from the Boardwalk. … Continue reading →

Posted in Atlantic City, Boyd Gaming, Colony Capital, Donald Trump, Economy, Harrah's, James Packer, MGM Mirage, Steve Wynn | Comments Off on Leper Colony

The Unlucky Club & other Case Bets

Posted on March 26, 2009 by David McKee

Did somebody build the inaptly named Lucky Club  (above) over an Indian burial ground? A deprivation of access is but the latest indignity suffered by this North Las Vegas grind joint. While it was still the Speedway Casino, it was … Continue reading →

Posted in Architecture, Current, Economy, Encore, Entertainment, Lake Las Vegas, Marketing, Politics, Problem gambling, Regulation, Sheldon Adelson, Steve Wynn, The Strip | Comments Off on The Unlucky Club & other Case Bets

Casino apocalypse

Posted on March 19, 2009 by David McKee

I'm deeply imbedded in other projects today. In the meantime, by way of In Business Las Vegas and GamingFloor.com (source of yesterday's Harrah's Entertainment time warp, too) here's the answer to the question, "How many casino failures can you pack … Continue reading →

Posted in Boyd Gaming, Cannery Casino Resorts, Colony Capital, Cosmopolitan, Current, Economy, Harrah's, Herbst Gaming, James Packer, MGM Mirage, Sheldon Adelson, Station Casinos, Steve Wynn, The Strip, Wall Street | Comments Off on Casino apocalypse

Death, taxes and Station Casinos

Posted on March 18, 2009 by David McKee

It’s all but certain that the unenviable steeplechase to be the first major gaming company to declare bankruptcy in 2009 will be won by … Station Casinos!* (On Tax Day, no less.) None of the company’s three rescue scenarios does … Continue reading →

Posted in Boyd Gaming, Donald Trump, Economy, MGM Mirage, Sheldon Adelson, Station Casinos, Steve Wynn, Taxes, Wall Street | Comments Off on Death, taxes and Station Casinos

Case Bets: MGM Mirage, Harrah's, Wynn, Shuffle Master, Taxes

Posted on March 17, 2009 by David McKee

As we wait for the MGM Mirage earnings report, signs of desperation mount. If the company is willing to cast away a pearl like new, costly and high-yielding MGM Grand Detroit, what isn’t sacred? Not even the corporate jet, provided … Continue reading →

Posted in Columbia Sussex, Current, Detroit, Economy, Goldman Sachs, Harrah's, Labor, Lake Tahoe, Louisiana, MGM Mirage, Mississippi, Pinnacle Entertainment, Shuffle Master, Steve Wynn, Taxes, Technology, Wall Street | Comments Off on Case Bets: MGM Mirage, Harrah's, Wynn, Shuffle Master, Taxes

What's the sound of stale?

Posted on February 6, 2009 by David McKee

It'd probably be very much like the dulcet tones of Danny F. Gans (pictured), who reassures prospective attendees to his Encore show not to worry: It'll be the same old same-old. Or, as he rationalizes it, "I'm trying to give … Continue reading →

Posted in Cirque du Soleil, Encore, Entertainment, Steve Wynn, The Strip | Comments Off on What's the sound of stale?