Category Archives: Steve Wynn

There’s new life at F-blew; Casinos neglect safety plans

Posted on December 29, 2017 by David McKee

Contrary to some of his early pronouncements about Fontainebleau, new owner Steven Witkoff isn’t sitting on his asset but is pursuing roughly $2 billion of the $3 billion that will be required to finish the eye, er, glittering megaresort. He’s … Continue reading →

Posted in Atlantic City, Carl Icahn, Fontainebleau, Genting, Golden Gaming, Indiana, Macau, Mandalay Bay Massacre, Nevada, Palms, Politics, Racinos, Regulation, Reno, Sheldon Adelson, Sports, Station Casinos, Steve Wynn, Steven Witkoff, Taxes, Technology, The Strip, Tribal, Tropicana Entertainment, Wall Street | Comments Off

Wynn’s new frontier

Posted on December 14, 2017 by David McKee

Wynn Resorts made it official last night: It had paid just under $335 million for the old New Frontier site, which it is taking over from James Packer. The deal makes a fool of Packer, who paid $570 million for … Continue reading →

Posted in Atlantic City, Cretins, Current, Dan Gilbert, Detroit, Donald Trump, Florida, Genting, Hard Rock International, James Packer, Lucky Dragon, LVCVA, MGM Mirage, Minnesota, Penn National, Phil Ruffin, Riviera, Sports, Steve Wynn, The Strip, Tribal, Wall Street | Comments Off

E-sports comes to Macao; Donald Trump, thief

Posted on December 13, 2017 by David McKee

Staying with the curve, Macao is going after the e-sports phenomenon. Sociedade de Jogos de Macau held the protectorate’s first e-sports tournament, at Grand Lisboa. Nine international teams competed for a $300K pot. “E-Sports is an emerging industry with huge growth … Continue reading →

Posted in Boulder Strip, Donald Trump, e-sports, Galaxy Entertainment, Macau, Marijuana, Melco Resorts & Entertainment, Philippines, Security, Sociedade de Jogos de Macau, Steve Wynn, Westgate LV | Comments Off

Enter the Aces; Dan Gilbert, failure

Posted on December 12, 2017 by David McKee

With a breathtaking lack of imagination, MGM Resorts International has settled upon a new name for its almost-as-equally-new WNBA franchise. It will be called — wait for it, folks — the Las Vegas Aces. At least it wasn’t “Las Vegas … Continue reading →

Posted in Current, Dan Gilbert, Foxwoods, Galaxy Entertainment, Harrah's, Macau, Melco Resorts & Entertainment, MGM Mirage, Mohegan Sun, Ohio, Sheldon Adelson, Sociedade de Jogos de Macau, Sports, Stanley Ho, Steve Wynn, Texas, The Strip, Tourism, Transportation | 1 Comment

Alon: Packer out, Wynn in; Expert: Millennials suck

Posted on December 7, 2017 by David McKee

We guess Steve Wynn couldn’t stand looking at a vacant lot across from Wynncore any longer. The former Alon site will now be Wynn’s Next-But-One Great Thing. Back when it was still the Plaza site, Wynn publicly mulled building a … Continue reading →

Posted in Architecture, James Packer, Marketing, Palms, Plaza, Sports, Steve Wynn, The Strip | 1 Comment

MGM National Harbor rules; Beating the eye in the sky

Posted on December 6, 2017 by David McKee

MGM National Harbor dominated Maryland yet again, garnering 39% of market share and grossing $50.5 million. The balance of revenue continues to creep toward the (punitively taxed) slot side of the casino, so MGM won’t be completely thrilled with November’s … Continue reading →

Posted in Architecture, Cordish Co., Donald Trump, Golden Gaming, Japan, Law enforcement, Lawrence Ho, Maryland, Melco Resorts & Entertainment, MGM Mirage, New York, Penn National, Racinos, Regulation, Sports, Steve Wynn, Taxes, The Strip | Comments Off

Senators have hissy fit; Vegas: Back to normal or not?

Posted on December 4, 2017 by David McKee

With Pennsylvania having joined the roster of Internet-gambling jurisdictions, Sens. Dianne Feinstein (D) and Lindsey Graham (R) are pushing the panic button, hard. In a concession to the reality that the Senate won’t be able to rewrite the Wire Act, … Continue reading →

Posted in California, Donald Trump, Economy, Entertainment, Foxwoods, Harrah's, Internet gambling, Japan, Lawrence Ho, Mandalay Bay Massacre, Melco Resorts & Entertainment, MGM Mirage, Mohegan Sun, Nevada, Politics, Steve Wynn, Taxes, The Strip | Comments Off

The Main Event; Macao roars

Posted on December 1, 2017 by David McKee

Monday is the big day: Oral arguments in the Supreme Court over Christie v. NCAA. It’s an understatement to say the gaming industry is getting pretty excited over the hearing, which is expected to lead to a rejection of the … Continue reading →

Posted in Baseball, Economy, history, International, Internet gambling, Macau, Mississippi, Nevada, Problem gambling, Regulation, Sheldon Adelson, Sports, Steve Wynn, Wall Street | Comments Off

Favorable forecast for 2018; New look at Cosmo

Posted on November 29, 2017 by David McKee

Good news for casinos: “2018 is set to be a good year for gaming operators and suppliers globally amid a strong economic backdrop and a relatively benign new supply environment,” says Fitch Ratings analyst Alex Bumazhny, one of the more circumspect … Continue reading →

Posted in Architecture, Atlantic City, CityCenter, Cosmopolitan, Economy, Hard Rock International, Harrah's, Macau, MGM Mirage, New York, Sheldon Adelson, Sociedade de Jogos de Macau, Steve Wynn, The Strip, Wall Street | 1 Comment

Penn regroups, Sands expands; Beware the Yakuza

Posted on November 13, 2017 by David McKee

Santa Claus has come early, in the guise of hardworking Deutsche Bank analyst Carlo Santarelli. He’s been so busy profiling gaming’s top companies we wonder when he finds time for sleep. His recent visits have included one to Penn National … Continue reading →

Posted in Ameristar, Dining, Environment, Harrah's, Illinois, Indiana, Japan, Macau, Majestic Star, Maryland, Massachusetts, MGM Mirage, Ohio, Penn National, Pennsylvania, Pinnacle Entertainment, Regulation, Sheldon Adelson, Singapore, Steve Wynn, Taxes, The Mob, The Strip, Wall Street, West Virginia | Comments Off

MGM rebounds; Harvey victims have mystery casino benefactor

Posted on November 10, 2017 by David McKee

Commercials practically begging people to patronize the Las Vegas Strip after the Mandalay Bay massacre turn out to have been needless. The company most affected, MGM Resorts International, reports that hotel bookings are “almost back to normal.” “I’m happy to … Continue reading →

Posted in Baseball, Charity, Cordish Co., Cosmopolitan, Galaxy Entertainment, Greenwood Racing, Harrah's, Macau, Mandalay Bay Massacre, MGM Mirage, Neil Bluhm, Penn National, Pennsylvania, Politics, Steve Wynn, Texas, The Strip, Wall Street | Comments Off

Thought for the day

Posted on November 6, 2017 by David McKee

Why does Steve Wynn want to decorate the lagoon of Wynn Paradise Park with floats of giant arachnids? I mean, nothing says “fun” like a bunch of spiders, right? I think my archachna-phobic wife has come up with the explanation: … Continue reading →

Posted in Architecture, MGM Mirage, Steve Wynn | Comments Off

Stratosphere: Sartini takes charge; Dadaist policy at MGM

Posted on November 6, 2017 by David McKee

“It’s more appreciated now than it was 20 years ago,” says Golden Entertainment CEO Blake Sartini of his new trophy property, the Stratosphere. Boy, is he right (as usual). What used to be called “Stupak’s Stump” or the “Tower of … Continue reading →

Posted in Donald Trump, Foxwoods, Golden Gaming, Illinois, Japan, Marijuana, MGM Mirage, Mohegan Sun, Pennsylvania, Politics, Sheldon Adelson, Slot routes, Steve Wynn, Taxes, The Strip | Comments Off

Macao rockets ahead; SLS sale snagged

Posted on November 1, 2017 by David McKee

While we share Galaxy Entertainment Chairman Lui-Che Woo‘s circumspection about announcing a full recovery in Macao, gaming revenues continue to ignore the ‘stop’ signs. Last month they rocketed up 22%, which “blows past expectations,” according to Deutsche Bank analyst Carlo Santarelli, … Continue reading →

Posted in GLPI, Illinois, Macau, Mandalay Bay Massacre, MGM Mirage, Mohegan Sun, Politics, Racinos, Sahara, Sam Nazarian, Sheldon Adelson, Slot routes, SLS Las Vegas, Steve Wynn, The Strip, Tribal, Wall Street | Comments Off

Strip waxes, LV locals wane; Caesars sticks it to you

Posted on October 31, 2017 by David McKee

Gaming revenues inched up 3% in Nevada last August, while the Las Vegas Strip was up 5%, to $568 million. JP Morgan analyst Joseph Greff wrote that the latter implied “strong 3Q for MGM table games given WYNN and LVS’ combined 3Q … Continue reading →

Posted in Boulder Strip, Downtown, Economy, Entertainment, Genting, Greenwood Racing, Harrah's, International, Internet gambling, Lake Tahoe, Laughlin, Mesquite, MGM Mirage, Nevada, North Las Vegas, Pennsylvania, Regulation, Reno, Sheldon Adelson, Steve Wynn, The Strip, Wall Street | Comments Off

Steve Wynn, showman; Caesars, de Laurentiis extend relationship

Posted on October 31, 2017 by David McKee

King Kong isn’t gone from Wynn Paradise Park. He’s been downsized from a massive animatronic to a float on the lake. (Somebody obviously told Steve Wynn the cautionary tale of ‘Disco Yeti‘ at Disney’s Animal Kingdom.) He’ll be joined there … Continue reading →

Posted in California, Dining, Entertainment, Harrah's, Maryland, Penn National, Regulation, Security, Steve Wynn, The Strip, Tribal, Wisconsin | 1 Comment

Wynn: Set the date; High-tech potties at Caesars

Posted on October 27, 2017 by David McKee

It’s official: Wynn Resorts will start tearing up its Las Vegas Strip golf course on Jan. 3, 2018. Not much is known about what will replace it, as the budget hasn’t been set, and plans for the Wynn Paradise Park … Continue reading →

Posted in Architecture, Boyd Gaming, Cannery Casino Resorts, Charity, Downtown, Harrah's, Macau, Movies, North Las Vegas, Steve Wynn, Technology, The Strip, Wall Street | Comments Off

Crown in hot water again; Wynn and whimsy

Posted on October 20, 2017 by David McKee

Crown Resorts just can’t stay out of trouble. On the first anniversary (roughly) of the arrest of the Crown 18 in China, the casino giant stands accused of rigging video poker machines. Parliamentary lone wolf and anti-gambling crusader Andrew Wilkie … Continue reading →

Posted in Architecture, Australia, Boyd Gaming, Churchill Downs, Eldorado Resorts, GLPI, Harrah's, Isle of Capri, James Packer, Louisiana, Massachusetts, Pinnacle Entertainment, Regulation, Steve Wynn, The Crown 18, Tilman Fertitta | 2 Comments

Less-than-Golden Week in Macao; Pac-Man devours G2E competition

Posted on October 16, 2017 by David McKee

“Somewhat disappointing” was JP Morgan analyst Joseph Greff‘s verdict on Golden Week numbers out of Macao. “Given that some VIPs visit Macau after the holiday to avoid the crowds, we note that channel checks post Golden Week indicate that gaming … Continue reading →

Posted in Charity, Economy, G2E, GameCO, Macau, Melco Resorts & Entertainment, MGM Mirage, Sheldon Adelson, Sociedade de Jogos de Macau, Steve Wynn, Technology, Tourism, Wall Street | Comments Off

Ex-cons working casino floors?; Kansas casinos set record

Posted on October 13, 2017 by David McKee

You’d think casinos in Massachusetts, where job applicants far outnumber available positions, could get by without hiring convicted criminals. Think again. A bill before the Lege would open a loophole for people with criminal records to hold down jobs in … Continue reading →

Posted in Boyd Gaming, G2E, GameCO, Harrah's, IGT, International, Kansas, Lawrence Ho, Massachusetts, Melco Crown Entertainment, MGM Mirage, Penn National, Politics, Regulation, Steve Wynn, Technology, Tribal | Comments Off