Category Archives: Wynn Resorts

Tumult in Atlantic City; Goodell’s exquisite hypocrisy

Posted on December 4, 2019 by David McKee

Atlantic City casinos have had enough with the town’s mayoral office. They want it eliminated in favor of a city manager. Difficult to argue with that one. Except for Don Guardian, we haven’t seen one A.C. mayor we’ve liked. The … Continue reading →

Posted in Arizona, Atlantic City, Caesars Entertainment, China, Dining, Election, Entertainment, history, Indiana, Macau, Melco Resorts & Entertainment, MGM Resorts International, Oscar Goodman, Politics, Sports betting, Steve Wynn, The Strip, Tilman Fertitta, Tourism, Unite-Here, Wall Street, Wynn Resorts | 1 Comment

Wynn writes $20M check; Japan wants your winnings

Posted on December 3, 2019 by David McKee

Settlement of a shareholder lawsuit against Wynn Resorts will be covered in large part by Steve Wynn himself, paying $20 million, with insurers chipping in $21 million. The suit accused the Wynn Resorts board of directors of complicity in Steve … Continue reading →

Posted in China, Economy, Environment, Japan, Macau, Problem gambling, Sexual misconduct, Steve Wynn, Taxes, Wynn Resorts | Comments Off on Wynn writes $20M check; Japan wants your winnings

‘Sharp’ criticism of Congress; MGM a popular stock pick

Posted on December 2, 2019 by David McKee

Newly elected National Congress of American Indians President Fawn Sharp wasted no time in opening a can of whup-ass on the U.S. Congress. Speaking to the House Committee on Natural Resources Subcommittee for Indigenous Peoples of the United States Oversight, Sharp … Continue reading →

Posted in Caesars Entertainment, California, Culinary Union, Derek Stevens, Dining, Eldorado Resorts, Entertainment, Hard Rock International, Japan, Las Vegas Raiders, Las Vegas Sands, Law enforcement, MGM Resorts International, Mohegan Sun, Penn National, Politics, Sports, Sports betting, Station Casinos, The Strip, Transportation, Tribal, Wall Street, Washington State, Wynn Resorts | Comments Off on ‘Sharp’ criticism of Congress; MGM a popular stock pick

Tax-and-spend fantasy in Illinois; Encore Boston nickels and dimes its patrons

Posted on November 27, 2019 by David McKee

It’s more important to have a money-losing casino (upon which absolutely nobody has bid) in Chicago than to lower the über-confiscatory 72% tax rate. So says state Sen. Dave Syverson (R), a real crank. As Syverson puts it, “The problem with … Continue reading →

Posted in Caesars Entertainment, Galaxy Entertainment, Golden Gaming, Illinois, Japan, Macau, Massachusetts, MGM Resorts International, Resort fees, Sheldon Adelson, Taxes, Terry Caudill, Transportation, Wynn Resorts | Comments Off on Tax-and-spend fantasy in Illinois; Encore Boston nickels and dimes its patrons

Florida gets tough on black market; Nugget tops Atlantic City

Posted on November 27, 2019 by David McKee

Florida‘s black market slot-parlor industry is coming under renewed scrutiny as it offers not only unlimited soda but an invitingly soft target for armed robbers looking for high concentrations of cash. In a 15-month period, Jacksonville police have logged 500 … Continue reading →

Posted in Architecture, Atlantic City, Caesars Entertainment, Dining, Donald Trump, Florida, Internet gambling, Law enforcement, New Jersey, Regulation, Tamares Group, The Strip, Tilman Fertitta, Wynn Resorts | Comments Off on Florida gets tough on black market; Nugget tops Atlantic City

Wynn Resorts chastened; Living the high life at the Cosmo

Posted on November 25, 2019 by David McKee

Boston is quite a different animal from Las Vegas and Macao—or so Wynn Resorts has learned. Despite healthy table games revenues it is lowering the minimum-bet limits from $50 to $15 at Encore Boston Harbor. In a remarkable mea culpa before … Continue reading →

Posted in Animals, China, CityCenter, Cosmopolitan, Downtown, Election, Environment, Hard Rock Hotel, Hard Rock International, Las Vegas Raiders, Lawrence Ho, Macau, Maine, Marijuana, Marketing, Massachusetts, Palms, Penn National, Regulation, Resort fees, Sheldon Adelson, Sports, The Strip, Virginia, Wynn Resorts | Comments Off on Wynn Resorts chastened; Living the high life at the Cosmo

New life for Harmon Strip; Wynn Resorts vindicated, mostly

Posted on November 21, 2019 by David McKee

Could the Harmon Strip, mooted since the late Nineties, actually come to pass? The area has been a graveyard for resort projects, leaving the Hard Rock Hotel standing in splendid isolation. However … one Jeffrey Williams is applying for permission to … Continue reading →

Posted in Alabama, Cantor Gaming, Cosmopolitan, Georgia, Hard Rock Hotel, history, Las Vegas Sands, Law enforcement, Massachusetts, Palms, Penn National, Pennsylvania, Politics, Regulation, Silverton, William Hill, Wynn Resorts | 1 Comment

Desert Diamond sets debut; Paddock’s grim legacy

Posted on November 20, 2019 by David McKee

Controversial Desert Diamond Casino will finally open on Feb. 19, superseding a “big box” temporary casino on the same site. Pride and joy of the Tohono O’odham Nation, Desert Diamond was the bane of Gov. Doug Doucey‘s existence, as well as … Continue reading →

Posted in Arizona, Canada, Dining, Florida, Internet gambling, Japan, Las Vegas Sands, Lotteries, Mandalay Bay Massacre, New York, Philippines, Problem gambling, Sports betting, Tamares Group, Taxes, The Strip, Tribal, Wall Street, Wynn Resorts | Comments Off on Desert Diamond sets debut; Paddock’s grim legacy

Next stop, Hempfield!

Posted on November 19, 2019 by David McKee

Cordish Gaming has broken ground on its Hempfield Township satellite casino in Pennsylvania. The $150 million property will have 750 slots and 30 table games, as well as a 445-seat sports book. The casino will fill the space left by … Continue reading →

Posted in Arkansas, Atlantic City, Caesars Entertainment, Cordish Co., Dining, Downtown, Economy, Eldorado Resorts, Entertainment, Golden Gaming, history, Internet gambling, Kentucky, Las Vegas Sands, Law enforcement, Massachusetts, MGM Resorts International, Mohegan Sun, Pennsylvania, Regulation, South Korea, Sports betting, The Strip, Tribal, Wall Street, Wynn Resorts | 2 Comments

Sports betting burgeons in Pennsylvania

Posted on November 19, 2019 by David McKee

Pennsylvania sports-betting handle was $241 million last month, which translated into $19 million in revenue (a quarter of which promptly went to the state). Mobile wagering accounted for $199 million or 82% of the wagering, up from 65% last July. “Most encouraging … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, DraftKings, Eldorado Resorts, Environment, FanDuel, Greenwood Racing, Illinois, Law enforcement, Michigan, Mississippi, Mohegan Sun, Penn National, Pennsylvania, Regulation, Rush Street Gaming, Sexual misconduct, South Dakota, Sports, Sports betting, Tribal, Twin River, Wall Street, Wynn Resorts | Comments Off on Sports betting burgeons in Pennsylvania

Ocean outperforms Atlantic City; Encore Boston crushes competition

Posted on November 15, 2019 by David McKee

Atlantic City casino revenues were $202 million last month, flat with the year previous. Slot revenues were up 3.5%, table win down 6%. Despite flat wagering at the tables and slots, Borgata gained 6% at the slots and ceded 7% … Continue reading →

Posted in Atlantic City, Boyd Gaming, Caesars Entertainment, Economy, Eldorado Resorts, Environment, FanDuel, Greenwood Racing, Hard Rock International, Internet gambling, Japan, Macau, Massachusetts, MGM Resorts International, Mohegan Sun, Ocean Resort, Penn National, Pennsylvania, Regulation, Rush Street Gaming, Sports betting, Tilman Fertitta, Tribal, Wynn Resorts | 3 Comments

Smoke gets in Boston’s eyes; Penn receives important award

Posted on November 14, 2019 by David McKee

Shuttles for Encore Boston Harbor are stirring up some local ire, due to the fumes they generate while idling at the Wellington MBTA Station curb. This has generated the threat of a lawsuit from the Conservation Law Foundation. It’s not just … Continue reading →

Posted in Atlantic City, Churchill Downs, Cosmopolitan, Derek Stevens, Downtown, Encore, Entertainment, Illinois, Japan, Massachusetts, Movies, Penn National, Rush Street Gaming, Sheldon Adelson, Sports, Sports betting, Taxes, Technology, Terry Caudill, The Mob, Transportation, Wynn Resorts | Comments Off on Smoke gets in Boston’s eyes; Penn receives important award

Stanley upstages Terry; Restaurant fees disputed

Posted on November 12, 2019 by David McKee

MGM China will be dropped from the Hong Kong bourse. Casino.org announced the change with this photo of Stanley Ho and Pansy Ho at the MGM Grand Macau opening. Somebody had a wicked sense of humor, cropping former CEO J. Terrence … Continue reading →

Posted in Architecture, Caesars Entertainment, Cosmopolitan, Dining, Macau, MGM Resorts International, Oklahoma, Pansy Ho, Resort fees, Stanley Ho, Taxes, The Strip, Tribal, Wall Street, Wynn Resorts | Comments Off on Stanley upstages Terry; Restaurant fees disputed

Wynn: Elaine did me dirty; New Jersey rakes it in

Posted on November 12, 2019 by David McKee

On the principle that two wrongs make a right, disgraced casino mogul Steve Wynn is accusing ex-wife Elaine Wynn of stirring up the Wall Street Journal story that ended his career. This comes by way of testimony by one Renée … Continue reading →

Posted in Architecture, Culinary Union, e-sports, Elaine Wynn, Election, Florida, Hard Rock International, Internet gambling, Law enforcement, Macau, MGM Resorts International, Nevada, New Jersey, New York, Politics, Resort fees, Sexual misconduct, Sports betting, Stanley Ho, Station Casinos, Steve Wynn, Taxes, Technology, Tribal, Wisconsin, Wynn Resorts | 1 Comment

Choo-choo to Springfield; Penn hawks Trop

Posted on November 12, 2019 by David McKee

Don’t despair, MGM Springfield. There’s hope yet. Massachusetts politicians are touting the idea of high-speed rail between Boston and Springfield, as many as six rides per day. (Springfield currently must get by with once-a-day Amtrak service.) Gov. Charlie Baker (R) … Continue reading →

Posted in China, Connecticut, Donald Trump, Downtown, Election, Foxwoods, Indiana, Louisiana, Maine, Massachusetts, MGM Resorts International, Mohegan Sun, New Hampshire, Penn National, Pennsylvania, Rhode Island, Sexual misconduct, Sheldon Adelson, Sports betting, The Strip, Transportation, TV, Twin River, Wynn Resorts | Comments Off on Choo-choo to Springfield; Penn hawks Trop

Caution on Scientific, Golden; VIPs passé in Macao

Posted on November 8, 2019 by David McKee

Scientific Games must have been less than thrilled with Credit Suisse analyst Ben Combes‘ report on their third quarter. It was headlined, “Solid Quarter, But Leverage Concerns Keep Us on the Sidelines.” Cash flow of $344 million beat the Wall … Continue reading →

Posted in California, Canada, China, Dining, Economy, Entertainment, Genting, Golden Gaming, Greenwood Racing, Illinois, International, Internet gambling, Las Vegas Raiders, Lotteries, Macau, MGM Resorts International, Nevada, New York, Penn National, Pennsylvania, PokerStars, Resort fees, Rush Street Gaming, Scientific Games, Sheldon Adelson, The Strip, Tribal, Wall Street, Wynn Resorts | Comments Off on Caution on Scientific, Golden; VIPs passé in Macao

MGM Springfield: Deal or no deal?; More KAOS chaos

Posted on November 8, 2019 by David McKee

As reported earlier this week, MGM Resorts International is considering monetizing disappointing MGM Springfield via a sale to MGM Growth Properties. The company sought to reassure customers, saying the deal “focus exclusively on the transfer of real estate and have … Continue reading →

Posted in Cosmopolitan, Dining, Genting, Massachusetts, MGM Resorts International, New York, Palms, Penn National, Regulation, Sam Nazarian, Station Casinos, Wynn Resorts | Comments Off on MGM Springfield: Deal or no deal?; More KAOS chaos

Wynn misses estimates; Sports betting wins in Colorado

Posted on November 7, 2019 by David McKee

Wynn Resorts reported 3Q19 earnings and the headline was Macao. As J.P. Morgan analyst Joseph Greff wrote, “For the first time in a while, we feel that the tough Macau VIP segment is stabilizing/not getting worse, and mass growth there … Continue reading →

Posted in China, Colorado, Dining, Election, Full House Resorts, Macau, Massachusetts, Melco Resorts & Entertainment, MGM Resorts International, Mohegan Sun, New Jersey, South Korea, Sports betting, Wall Street, Wynn Resorts | Comments Off on Wynn misses estimates; Sports betting wins in Colorado

Why does Massachusetts suck?

Posted on November 5, 2019 by David McKee

Did the casino industry drink its own bathwater vis-a-vis Massachusetts? The Boston Globe asks “whether the industry didn’t fully understand how tough it would be to attract gamblers in a regional market that has become increasingly competitive.” Both Encore Boston … Continue reading →

Posted in Carl Icahn, Economy, Fontainebleau, Massachusetts, MGM Resorts International, New York, Penn National, Steven Witkoff, Taxes, The Strip, Wynn Resorts | 1 Comment

Churchill Downs fights horseracing reform; Mattress Mack doesn’t regret $13M World Series bet

Posted on November 4, 2019 by David McKee

Churchill Downs‘ third-quarter cash flow results were “softer than expected” according to J.P. Morgan analyst Daniel Politzer, who added the “the impact of this was likely mitigated by the company announcing a slew of updates/capital projects which helped placate investors, … Continue reading →

Posted in AGA, Baseball, Charity, Churchill Downs, Colorado, Culinary Union, Election, Entertainment, Geoff Freeman, Horseracing, Kentucky, Las Vegas Sands, Macau, Maine, Mississippi, Nevada, New Jersey, Planet Hollywood, Politics, Racinos, Sheldon Adelson, Sports betting, Texas, Wynn Resorts | Comments Off on Churchill Downs fights horseracing reform; Mattress Mack doesn’t regret $13M World Series bet