Category Archives: Wynn Resorts

Macao bad, worse to come; No casinos for Brazil

Posted on April 7, 2020 by David McKee

“With the government keeping limitations on individual and group visas into the market and transportation options remaining impaired we believe the Macau market could take five to seven months to start stabilizing and showing improvement,” Stifel Financial analyst Steven Wieczynski … Continue reading →

Posted in Atlantic City, Caesars Entertainment, China, Connecticut, Dining, Economy, Foxwoods, Galaxy Entertainment, Hard Rock International, Health, history, International, Internet gambling, Japan, Las Vegas Sands, Macau, Maryland, Melco Resorts & Entertainment, MGM Resorts International, Mohegan Sun, Ocean Resort, Politics, Scientific Games, Station Casinos, Taxes, Wall Street, Wynn Resorts | 1 Comment

Maryland craters; Penn takes Trop loss

Posted on April 3, 2020 by David McKee

Free State Gov. Larry Hogan (R) having closed casinos on March 16, revenue results were predictably dire, down 58%. That’s a measly $69 million gross. MGM National Harbor booked $26 million, a 58.5% slide, with slots down 62% and tables … Continue reading →

Posted in Caesars Entertainment, Churchill Downs, Cordish Co., Detroit, Donald Trump, Economy, Eldorado Resorts, GLPI, Golden Gaming, Health, Las Vegas Sands, Law enforcement, Maryland, Massachusetts, MGM Resorts International, Penn National, Politics, Real Estate, Sheldon Adelson, Sports betting, The Strip, Wall Street, West Virginia, Wynn Resorts | 3 Comments

Las Vegas closed through April 30

Posted on April 2, 2020 by David McKee

Jottings: Nevada Gov. Steve Sisolak (D) is asking Donald Trump to declare the Silver State a ‘major disaster’ area. We agree, but Trump is being punitive toward ‘blue’ states so we doubt Sisolak will get his wish. The governor extended … Continue reading →

Posted in Donald Trump, Downtown, Eldorado Resorts, Entertainment, Health, Nevada, Terry Caudill, The Mob, The Strip, Wynn Resorts | 1 Comment

Boyd opens its wallet, stringency at Scientific, improvidence at MGM

Posted on March 31, 2020 by David McKee

Boyd Gaming, which had previously been reported to be giving two weeks pay (misreported as one week by the Las Vegas Review-Journal) to employees idled in Las Vegas by the one-month casino shutdown, has gotten “george” and extended the hardship pay … Continue reading →

Posted in Arizona, Boyd Gaming, Caesars Entertainment, China, Churchill Downs, Economy, Health, Illinois, Japan, Jim Murren, Kentucky, Las Vegas Sands, Macau, MGM Resorts International, Neil Bluhm, Nevada, New York, Oklahoma, Scientific Games, Sheldon Adelson, Tribal, Wall Street, Wynn Resorts | 2 Comments

Case Bets & Mega-Jottings

Posted on March 30, 2020 by David McKee

Former casino operator and regulator Richard Schuetz has some very stern words for his former colleagues and their (slow) response to Coronavirus. Sample: “The point is, in many of our gaming states, there was little concern about the employees of … Continue reading →

Posted in California, Charity, Donald Trump, e-sports, Economy, Health, International, Internet gambling, Las Vegas Sands, Macau, Massachusetts, Nevada, Penn National, Real Estate, Regulation, Tribal, Wynn Resorts | Comments Off on Case Bets & Mega-Jottings

Vegas in the time of Coronavirus; Trump squelches tribe

Posted on March 30, 2020 by David McKee

Las Vegas on lockdown is pretty spooky. It’s like a neutron bomb fell on the Strip, wiping out all the people and leaving the casinos intact. However, there may be a glimmer at the end of the April 17 tunnel. … Continue reading →

Posted in AGA, Donald Trump, Economy, GLPI, Health, history, Massachusetts, Penn National, Politics, Tribal, Trump Entertainment Resorts, Twin River, Wall Street, Wynn Resorts | 1 Comment

Casinos in survival mode; Sports betting in Cali in peril

Posted on March 27, 2020 by David McKee

After this week’s stimulus vote in the U.S. Congress, the casino industry would seem to have ducked a bullet. But, depending on how much financial aid it can draw down, the question lingers over whether any operators will have to file … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, California, Charity, Colorado, Economy, Election, Foxwoods, Full House Resorts, Golden Gaming, Health, Horseracing, Indiana, International, Internet gambling, Las Vegas Sands, Louisiana, MGM Resorts International, Mohegan Sun, Nevada, Oklahoma, Penn National, Problem gambling, Regulation, Sports betting, Station Casinos, Tourism, Transportation, Tribal, Wall Street, Wynn Resorts | 1 Comment

Stimulus is here, recovery … who knows?

Posted on March 26, 2020 by David McKee

It’s still not a done deal but what Majority Leader Mitch McConnell (R) calls “emergency relief” emerged from the Senate yesterday. A few jerks tried to hold it up with the preposterous argument that “the expanded unemployment benefits were overly … Continue reading →

Posted in AGA, Caesars Entertainment, China, Conventions, Cretins, Donald Trump, Downtown, Economy, Environment, Galaxy Entertainment, Health, International, Macau, Massachusetts, MGM Resorts International, Politics, South Korea, Terry Caudill, The Strip, Tilman Fertitta, Tourism, TV, Wynn Resorts | Comments Off on Stimulus is here, recovery … who knows?

Wynn Resorts defended; Trump stiffs hotel employees

Posted on March 24, 2020 by David McKee

JP Morgan analyst Joseph Greff came riding to the aid of Wynn Resorts this week. “COVID-19’s evolving impact has created a lot of share price carnage in the gaming and lodging sector, to state the obvious. Its impact should be … Continue reading →

Posted in China, Current, Donald Trump, Downtown Grand, Economy, Environment, Florida, Health, International, Internet gambling, Macau, Marketing, Massachusetts, MGM Resorts International, Problem gambling, Regulation, The Strip, Tourism, Unite-Here, Wall Street, Wynn Resorts | 2 Comments

Poverty in the suites; Industry ramps up bailout pressure

Posted on March 23, 2020 by David McKee

Sheldon Adelson is worth $28 billion today. Which doesn’t sound so bad until you consider that he was worth $40 billion before the Wall Street crash. That’s the literal price of owning 432,000,000 shares of Las Vegas Sands. Not that … Continue reading →

Posted in AGA, Caesars Entertainment, California, Carl Icahn, Charity, China, Donald Trump, Economy, Elaine Wynn, FanDuel, GLPI, Health, history, Horseracing, Illinois, Internet gambling, Las Vegas Sands, Macau, Melco Resorts & Entertainment, MGM Resorts International, Movies, New York, Phil Ruffin, Sheldon Adelson, Sports betting, Station Casinos, The Mob, Tribal, Unite-Here, Wall Street, Wynn Resorts | Comments Off on Poverty in the suites; Industry ramps up bailout pressure

The cost of not doing business

Posted on March 21, 2020 by David McKee

Saying “This is not the time to look for loopholes,” Nevada Gov. Steve Sisolak (D) doubled down on his quarantine order, threatening nonessential business that remain in business in defiance of his directive (and there have been some) to close … Continue reading →

Posted in Boyd Gaming, Churchill Downs, Cirque du Soleil, Dining, Downtown, DraftKings, Economy, Election, Entertainment, Florida, Golden Gaming, Health, Internet gambling, Las Vegas Sands, Macau, Penn National, Pennsylvania, Seminole Tribe, Station Casinos, TV, Wall Street, Wynn Resorts | Comments Off on The cost of not doing business

Where do we go from here?

Posted on March 19, 2020 by David McKee

In the process of canceling its 2020 earnings guidance, Marriott International gave some oblique insight into how the casino industry is likely to cope with the Coronavirus quarantine. Occupancy, it said, had fallen to 25%, compared to 70% last year. … Continue reading →

Posted in AGA, Alabama, Baseball, Boyd Gaming, Caesars Entertainment, Carl Icahn, Charity, Economy, Health, Illinois, Indiana, International, Internet gambling, Iowa, Las Vegas Sands, Macau, Melco Resorts & Entertainment, MGM Resorts International, Movies, Oregon, Penn National, Real Estate, Regulation, Sahara, Sheldon Adelson, Slot routes, South Korea, Sports, Sports betting, The Strip, Tribal, Wall Street, Wynn Resorts | 1 Comment

Las Vegas is closed

Posted on March 18, 2020 by David McKee

America‘s favorite 24-hour town has finally caved to the inevitable and done what neither Sept. 11 nor the Great Recession made it do. It has turned out the lights and hung the “Closed for business” sign in the window. Finally … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, California, Canada, Cosmopolitan, Culinary Union, Dining, Downtown, Economy, Election, Golden Gaming, Health, Illinois, Las Vegas Sands, MGM Resorts International, Nevada, Phil Ruffin, Real Estate, Regulation, Station Casinos, Steve Wynn, The Strip, Tourism, Transportation, Wall Street, Wynn Resorts | Comments Off on Las Vegas is closed

Turnaround in Springfield; Coping with Covid-19

Posted on March 17, 2020 by David McKee

Although it seems supremely beside the point at this grave moment, it’s time to report February’s gaming-revenue numbers from Massachusetts. Casinos in the state grossed some $86 million, with $52.5 million of that made at Encore Boston Harbor, with 61% … Continue reading →

Posted in Australia, California, Canada, Crown Resorts, Eldorado Resorts, Entertainment, Health, Horseracing, International, Macau, Maryland, Massachusetts, MGM Resorts International, Ohio, Penn National, Philippines, Regulation, Reno, Tourism, Tribal, Wynn Resorts | Comments Off on Turnaround in Springfield; Coping with Covid-19

Casino closures sweep the country

Posted on March 16, 2020 by David McKee

We’re all going through what are called “adjustment reactions,” including casino executives across the country. They’d like to stay open for business—many are—but others are being forced to close or making the difficult choice to go dark on their own. … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, Conventions, Cordish Co., Derek Stevens, Downtown, e-sports, Economy, Eldorado Resorts, Health, IGT, Illinois, Indiana, Las Vegas Sands, Maryland, Massachusetts, Melco Resorts & Entertainment, MGM Resorts International, New York, Ohio, Pennsylvania, Scientific Games, Sports, Station Casinos, The Strip, Wall Street, Wynn Resorts | 1 Comment

Crisis mode hits Las Vegas

Posted on March 14, 2020 by David McKee

Our country is still trying to grasp the ramifications of Coronavirus, as Broadway goes dark, Disneyland and Disneyworld are closed, The Masters and Boston Marathon are postponed, and cancellations of sporting and cultural events (here and abroad) comprise a list longer … Continue reading →

Posted in Animals, Caesars Entertainment, Conventions, Dining, Donald Trump, Entertainment, Health, LVCVA, Macau, MGM Resorts International, Pets, The Strip, Tourism, Wynn Resorts | 5 Comments

Trump a public menace … Trump Plaza, that is

Posted on March 13, 2020 by David McKee

Carl Icahn clings to dilapidated Trump Plaza like a child to a favorite toy. But he may be forced to face reality whether he likes it or not. It’s ‘Look out below’ for pedestrians passing the corpse of the casino, … Continue reading →

Posted in Atlantic City, Caesars Entertainment, Carl Icahn, Detroit, Economy, Eldorado Resorts, FanDuel, Hard Rock International, Health, Internet gambling, Las Vegas Sands, Massachusetts, MGM Resorts International, Mohegan Sun, Nevada, New Jersey, Ocean Resort, Penn National, Sports, Sports betting, The Strip, Tilman Fertitta, Wynn Resorts | 3 Comments

Las Vegas slides toward crisis as market tanks

Posted on March 12, 2020 by David McKee

Coronavirus having been officially been declared a pandemic by the World Health Organization, it was only a matter of time before the impact hit Las Vegas. Not much time, either. Late yesterday, the National Association of Broadcasters pulled the plug … Continue reading →

Posted in AGA, Boyd Gaming, Caesars Entertainment, California, Conventions, DFS, Donald Trump, Economy, Eldorado Resorts, Health, International, Las Vegas Sands, Melco Resorts & Entertainment, MGM Resorts International, New York, Sheldon Adelson, South Korea, Sports, Sports betting, Station Casinos, Taxes, The Strip, Tourism, Twin River, Wall Street, Wynn Resorts | 3 Comments

Gaming stocks immune to rally; Casinos get serious about coronavirus

Posted on March 11, 2020 by David McKee

Gaming stocks by and large didn’t feel the love on Wall Street yesterday, trending slightly downward, not counting 9% rallies for Station Casinos and Melco Resorts & Entertainment (the latter the only Macao operator to bounce back). The market recouped … Continue reading →

Posted in AGA, Alex Meruelo, Atlantic City, Boyd Gaming, Caesars Entertainment, Cosmopolitan, Current, Detroit, Dining, Donald Trump, Economy, Eldorado Resorts, Florida, Health, Lake Tahoe, Las Vegas Sands, Macau, Maryland, Massachusetts, Maverick Gaming, Melco Resorts & Entertainment, MGM Resorts International, Michigan, Penn National, Phil Ruffin, Reno, Rhode Island, Sahara, South Dakota, Sports betting, Station Casinos, Taxes, The Strip, Tilman Fertitta, Tourism, Transportation, Vermont, Wall Street, Washington State, Wynn Resorts | Comments Off on Gaming stocks immune to rally; Casinos get serious about coronavirus

Emergency in Rhode Island; Kaos by any other name

Posted on March 10, 2020 by David McKee

Twin River Holdings just got some bad news. Rhode Island Gov. Gina Raimondo (D) proclaimed a state of emergency, after four citizens contracted coronavirus. “This is real. This is here. We expect more cases,” said Raimondo. While governments in the … Continue reading →

Posted in Current, Dining, Entertainment, Health, International, Palms, Regulation, Rhode Island, Station Casinos, Tilman Fertitta, Twin River, Wall Street, Wynn Resorts | Comments Off on Emergency in Rhode Island; Kaos by any other name