Category Archives: Steve Wynn

MGM Springfield a hit; Prolonged anxiety for Wynn

Posted on September 17, 2018 by David McKee

We’ve become so inured to casinos highballing attendance figures that it comes as a pleasant surprise when one opens to business that exceeds expectations. Such is the case with MGM Springfield, which is seeing 50,000 customers per weekend day and … Continue reading →

Posted in Dining, Entertainment, Environment, Foxwoods, Macau, Massachusetts, MGM Resorts International, Mohegan Sun, Regulation, Sexual misconduct, Steve Wynn, The Strip, Wynn Resorts | Comments Off

Case Bets

Posted on September 12, 2018 by David McKee

Remember the XFL? NFL Europe? The USFL? Well here comes the Alliance of American Football, a springtime league with teams from Orlando to San Diego. A three-year corporate sponsor will be MGM Resorts International. We don’t often go against CEO … Continue reading →

Posted in history, Internet gambling, Las Vegas Sands, MGM Resorts International, Sociedade de Jogos de Macau, Sports, Steve Wynn, Wynn Resorts | 1 Comment

Caesars hailed; Wynn Resorts for sale?

Posted on September 11, 2018 by David McKee

Credit Suisse has initiated coverage of Caesars Entertainment, citing it as its “Top Pick” in the gaming sector. Why? “It recently re-emerged from bankruptcy and is one of the largest US gaming operators, with eight Las Vegas Strip and 22 … Continue reading →

Posted in Atlantic City, Caesars Entertainment, Centaur Gaming, Dan Gilbert, Economy, Elaine Wynn, Hawaii, Indiana, Louisiana, Macau, Marketing, MGM Resorts International, Mississippi, Nevada, Steve Wynn, The Strip, Wall Street, Wynn Resorts | Comments Off

Indiana comes up short; Too gay for Vegas

Posted on August 9, 2018 by David McKee

One less weekend day made all the difference for Indiana in July, as statewide gambling revenues were 1% down. The statewide gross was $191 million, with refugee players from Chicago helping to lead the way. (Remember, you can still smoke in … Continue reading →

Posted in Ameristar, Boyd Gaming, Caesars Entertainment, Dining, Full House Resorts, Illinois, Indiana, Pinnacle Entertainment, Racinos, Steve Wynn, The Strip, Tribal, Tropicana Entertainment, Wynn Resorts | Comments Off

Big trouble in not-so-little China

Posted on July 19, 2018 by David McKee

In his latest column, gaming-law expert I. Nelson Rose contends that U.S.-owned casinos in Macao are on dangerous ground, caught in the cross-hairs of the U.S./China trade war. He begins by recapitulating China’s highly targeted retaliations, which make red states … Continue reading →

Posted in Caesars Entertainment, Donald Trump, Genting, International, Las Vegas Sands, MGM Mirage, Sheldon Adelson, Steve Wynn, The Strip | Comments Off

Elaine backs Satre; MGM running for cover

Posted on July 17, 2018 by David McKee

Global Gaming Business has revealed that National Center for Responsible Gaming President Phil Satre was the hitherto-undisclosed candidate that Elaine Wynn was proposing for the Wynn Resorts board chairmanship. Said board rejected Satre — a short-sighted move that reeks of insecurity. … Continue reading →

Posted in Architecture, Elaine Wynn, Florida, Hard Rock International, Harrah's, IGT, Japan, Mandalay Bay Massacre, MGM Resorts International, Regulation, Sexual misconduct, Sports betting, Steve Wynn, Wall Street, Wynn Resorts | Comments Off

Sheldon snuggles up to Commies; Elaine tests her clout

Posted on July 10, 2018 by David McKee

If toupée-collecting Sheldon Adelson were offered the chance to build Venetian Tehran he’d immediately become a peacenik regarding Iran, a country he lusts to nuke. Instead of making nice with mullahs, he’s doing the next best thing, warbling sweet nothings to Kim … Continue reading →

Posted in Caesars Entertainment, Elaine Wynn, Galaxy Entertainment, history, Illinois, International, Las Vegas Sands, Macau, Massachusetts, MGM Mirage, Nevada, Planet Hollywood, Politics, Regulation, Sexual misconduct, Sheldon Adelson, South Korea, Sports, Steve Wynn, The Strip, Unite-Here, Wynn Resorts | Comments Off

Quote of the Day

Posted on July 9, 2018 by David McKee

“Yeah, and Steve Wynn was the only person doing bad things at Wynn Resorts, and he was also the only casino executive in Las Vegas harassing women, and not a single other person knew about anything he was doing except … Continue reading →

Posted in Entertainment, Harrah's, Sexual misconduct, Steve Wynn, The Strip, Wynn Resorts | Comments Off

Overexposed in Macao; Hard Rock firing on all cylinders

Posted on June 19, 2018 by David McKee

If you’re a Wynn Resorts shareholder and you’re following rising trade tensions with China, you’ve a right to be nervous. Wynn derives 69% of its revenue from Macao, giving a certain truth to Steve Wynn‘s old quote that “We’re really … Continue reading →

Posted in Architecture, Atlantic City, Dining, Donald Trump, Economy, Florida, Hard Rock International, Harrah's, Japan, Lawrence Ho, Macau, MGM Mirage, Politics, Regulation, Seminole Tribe, Sheldon Adelson, Sociedade de Jogos de Macau, Steve Wynn, The Strip, Wynn Resorts | Comments Off

Mohegans sue for Wynn casino

Posted on June 4, 2018 by David McKee

Steve Wynn‘s failure to disclose a $7.5 million paternity settlement may have been the best thing that happened to Mohegan Sun‘s hopes in Massachusetts. The tribal megaresort is suing the Massachusetts Gaming Commission for failing to conduct ‘extreme vetting’ of … Continue reading →

Posted in Dan Gilbert, Delaware, Economy, Massachusetts, Mohegan Sun, Ohio, Pennsylvania, Regulation, Rhode Island, Sexual misconduct, Sports, Steve Wynn, Taxes, Wynn Resorts | Comments Off

Caesars, MGM strikes averted

Posted on June 4, 2018 by David McKee

Yesterday the Culinary Union announced that a tentative pact had been reached with Caesars Entertainment, in the wee hours of Friday morning, the first such in the current round of labor talks on the Las Vegas Strip. “The historic new … Continue reading →

Posted in Culinary Union, e-sports, Harrah's, Mandalay Bay Massacre, MGM Mirage, New York, Politics, Racinos, Regulation, Sexual misconduct, SLS Las Vegas, Sports, Steve Wynn, Taxes, The Strip, World Series of Poker, Wynn Resorts | Comments Off

Paddy Power takes on U.S.; Decision time for Freeman

Posted on May 29, 2018 by David McKee

In a story that, frankly, I just didn’t feel like covering last week, Paddy Power Betfair has hitched its wagon to the hitherto-unprofitable DFS star. It has purchased FanDuel, taking a 61% share of the company. The catalyst, obviously, is … Continue reading →

Posted in Atlantic City, Bruce Deifik, Charity, DFS, Geoff Freeman, Harrah's, Horseracing, International, Internet gambling, PokerStars, Sheldon Adelson, Steve Wynn, Taxes, The Strip, Vietnam | Comments Off

It’s Elaine’s world; Big Uneasiness in Louisiana

Posted on May 16, 2018 by David McKee

When the dust settles from the annual Wynn Resorts board meeting, there will be a directorate that is at least 60% new. Two more longstanding board members bit the dust this week, including former Nevada Gov. Bob Miller (D). One … Continue reading →

Posted in Architecture, Dan Gilbert, DFS, Elaine Wynn, Harrah's, Japan, Louisiana, Ohio, Penn National, Politics, Sheldon Adelson, Sports, Steve Wynn, Wall Street, Wynn Resorts | 2 Comments

Vici Properties strikes again; Mohegan Sun pitches Japan

Posted on May 15, 2018 by David McKee

They came, they saw, they bought. Yes, Vici Properties has struck again, inking a bargain-price deal to acquire the Octavius Tower of Caesars Palace and Harrah’s Philadelphia. On paper, Vici is paying $507.5 million and $241.5, respectively, for the two assets. … Continue reading →

Posted in Election, Florida, Galaxy Entertainment, Hard Rock International, Harrah's, Japan, Louisiana, Macau, Massachusetts, MGM Mirage, Mohegan Sun, Oklahoma, Penn National, Pennsylvania, Problem gambling, Seminole Tribe, Sexual misconduct, Société des Bains de Mer, South Korea, Steve Wynn, Taxes, The Strip, Tribal | Comments Off

MGM, Wynn woo Wall Street

Posted on May 11, 2018 by David McKee

This week, in conjunction with the opening of Park MGM, the parent company rolled out the red carpet for Wall Street analysts. “While there were no major announcements/surprises, we felt management put forth a thorough effort to better articulate its … Continue reading →

Posted in Elaine Wynn, Japan, LVCVA, Macau, Marketing, Massachusetts, MGM Mirage, Ohio, Regulation, Sheldon Adelson, Sports, Steve Wynn, The Strip, Transportation, Wall Street, Wynn Resorts | Comments Off

Park MGM to eclipse Bellagio?; Cleveland does not rock

Posted on May 9, 2018 by David McKee

Park MGM isn’t even open yet and Bloomberg has already drunk its bathwater. Think I’m exaggerating? A fluff piece declares that the casino-in-progress will “steal attention from MGM’s highest-end hotel, the Bellagio, as well as the most recent hotel to … Continue reading →

Posted in Architecture, CityCenter, Cosmopolitan, Dan Gilbert, Dining, history, Law enforcement, Lucky Dragon, Massachusetts, MGM Mirage, Ohio, Steve Wynn, Technology, The Strip, Wynn Resorts | 1 Comment

Elaine calls the shots; Now it’s Encore Boston Harbor

Posted on May 3, 2018 by David McKee

Wynn Resorts has been ceding to the wishes of Elaine Wynn of late but it got its back up when she demanded the removal of board member John Jay Hagenbuch. Ms. Wynn views him as a crony of her ex-husband … Continue reading →

Posted in Atlantic City, Colorado, Elaine Wynn, Eldorado Resorts, Entertainment, Florida, Foxwoods, Hard Rock International, International, Internet gambling, Isle of Capri, Macau, Massachusetts, MGM Mirage, Mississippi, Mohegan Sun, Moulin Rouge, Politics, Regulation, Revel, Steve Wynn, Tilman Fertitta, TV, Wynn Resorts | 3 Comments

Wynn: The brand stays

Posted on April 25, 2018 by David McKee

Recently we wrote, in a different forum, that the ultimate verdict on whether to keep the “Wynn” brand on Wynn Resorts would be delivered by customers. Based on 1Q18 results, the vote is “yes.” Deutsche Bank analyst Carlo Santarelli called … Continue reading →

Posted in Galaxy Entertainment, GLPI, Japan, Macau, Massachusetts, Penn National, Steve Wynn, The Strip, Wall Street | Comments Off

Elaine Wynn, power player; Hard Rock’s big splash

Posted on April 20, 2018 by David McKee

Who thought the day would come that Elaine Wynn was the largest single shareholder in Wynn Resorts? She’s flexing her newfound muscles by demanding an all-but-clean sweep of the board of directors (we sympathize). Lest this be seen as a … Continue reading →

Posted in Arkansas, Atlantic City, Elaine Wynn, Election, Entertainment, Hard Rock International, Massachusetts, Steve Wynn, Wynn Resorts | Comments Off

MGM Boston?!?; Sports betting proceeds fitfully

Posted on April 16, 2018 by David McKee

According the Wall Street Journal, talks are underway between MGM Resorts International and Wynn Resorts for the latter to be shot of Wynn Boston Harbor, which has become a regulatory albatross around Wynn’s neck. Although this would mean giving almost … Continue reading →

Posted in Illinois, Kansas, Maryland, Massachusetts, MGM Mirage, Minnesota, Missouri, Mohegan Sun, Politics, Regulation, Sexual misconduct, Slot routes, Sports, Steve Wynn, Taxes, Wall Street, Wynn Resorts | Comments Off