Category Archives: Wynn Resorts

Plaza gets a refresh; MGM covets Vegas locals

Posted on June 6, 2019 by David McKee

Congratulations to Plaza Hotel CEO Jonathan Jossel. He’s persuaded tight-fisted Tamares Group to invest in a 112-room renovation of the Downtown dowager. The casino is reportedly coming off its best April ever and this has evidently helped Tamares to see its … Continue reading →

Posted in Architecture, Arizona, Boyd Gaming, CityCenter, Derek Stevens, Dining, Downtown, Dubai, e-sports, Entertainment, Japan, Massachusetts, MGM Resorts International, Tamares Group, Transportation, Wall Street, Wynn Resorts | Comments Off

Secret deal in Bridgeport?; Packer/Ho sale threatened

Posted on June 4, 2019 by David McKee

“There is no ‘either/or’ solution when it comes to East Windsor and Bridgeport, and we shouldn’t be playing two Connecticut communities against each other.” That’s what tribal spokesman Andrew Doba said after it was revealed that Bridgeport was flirting with Foxwoods Resort … Continue reading →

Posted in Australia, California, Cirque du Soleil, Connecticut, Crown Resorts, e-sports, Entertainment, Foxwoods, Galaxy Entertainment, Las Vegas Sands, Lawrence Ho, Macau, Melco Resorts & Entertainment, MGM Resorts International, Mohegan Sun, Pennsylvania, Regulation, Sociedade de Jogos de Macau, Sports betting, Stanley Ho, Wynn Resorts | 1 Comment

Runaway greed in Illinois

Posted on June 3, 2019 by David McKee

Existing operators in Illinois are picking themselves up off the floor following an exponential expansion of casino gambling in the Land of Lincoln, achieved in the waning hours of the legislative session. Caesars Entertainment, Penn National Gaming, Boyd Gaming, Eldorado … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, Churchill Downs, DFS, Eldorado Resorts, Illinois, International, Penn National, Politics, Taxes, Wall Street, Wynn Resorts | 1 Comment

More Ho, less Packer at Crown; Wynn pays the piper

Posted on June 3, 2019 by David McKee

More Lawrence Ho at Crown Resorts means less James Packer, as the publishing heir sold down his stake to 25%, spinning the decision thusly: “I am still vitally interested in Crown’s success as a world-class resort and gaming business. The … Continue reading →

Posted in Australia, Cosmopolitan, Crown Resorts, Derek Stevens, Dining, Downtown, James Packer, Japan, Lawrence Ho, Massachusetts, Nevada, Politics, Regulation, Sports betting, The Strip, Wall Street, William Hill, Wynn Resorts | Comments Off

Memo from Murren

Posted on May 31, 2019 by David McKee

The MGM 2020 axe continues to fall. Company employees received the following open letter from CEO Jim Murren … “Dear Colleagues: “I want to begin this note by thanking so many of you for your patience, support and focus over … Continue reading →

Posted in Current, Economy, Massachusetts, MGM Resorts International, Tourism, Wynn Resorts | Comments Off

Melco nabs Crown; Scientific promotes diversity

Posted on May 30, 2019 by David McKee

Stick a fork in that Wynn Resorts takeover of Crown Resorts, which was already on life support. Melco Resorts & Entertainment just bought a 20% stake in Crown, giving Lawrence Ho a sizable footfall in Australia. The transaction will cost … Continue reading →

Posted in Australia, Caesars Entertainment, Crown Resorts, Entertainment, James Packer, Japan, Lawrence Ho, Macau, Melco Resorts & Entertainment, Problem gambling, Scientific Games, The Strip, Tourism, Wall Street, Wynn Resorts | Comments Off

April unkind to Strip; Expansion scramble in Illinois

Posted on May 29, 2019 by David McKee

Las Vegas Strip revenues were down 3.5% last month but for once baccarat was blameless. Luck was with the casinos in the highly volatile game, which saw the house win 5.5% more on 17% higher wagering. Players avoided other table … Continue reading →

Posted in Boulder Strip, Detroit, Downtown, Illinois, Lake Tahoe, Laughlin, Massachusetts, Michigan, North Las Vegas, Penn National, Politics, Regulation, Reno, The Strip, Wynn Resorts | Comments Off

Encore firms up opening date; Bionic money

Posted on May 28, 2019 by David McKee

Global Gaming Business has revealed that Wynn Resorts was so desperate to exit Everett it even held talks with Boston Red Sox owner John Henry to bail it out from the megaresort. Even if the Massachusetts Gaming Commission approved that arrangement (a long … Continue reading →

Posted in Baseball, Dan Gilbert, Detroit, Foxwoods, G2E, Genting, Macau, Massachusetts, MGM Resorts International, Mohegan Sun, Penn National, Pennsylvania, Regulation, Rush Street Gaming, Sports betting, Technology, The Strip, TV, Wall Street, Wynn Resorts | Comments Off

Encore Boston Harbor sale nixed

Posted on May 22, 2019 by David McKee

“We think the best course of action is to discontinue discussions concerning this opportunity.” Just like that, MGM Resorts International left Wynn Resorts at the altar, trying to find a new beau for Encore Boston Harbor. Backlash in Springfield seems … Continue reading →

Posted in Caesars Entertainment, Mandalay Bay Massacre, Massachusetts, MGM Resorts International, Mohegan Sun, Penn National, Regulation, Wall Street, Wynn Resorts | Comments Off

Soggy month in Louisiana; IGT on firm ground

Posted on May 21, 2019 by David McKee

Gaming revenues were down 5.5% last month in the Bayou State, particularly unimpressive when you consider that they fell 8% in the same month last year. The statewide gross was $199.5 million. The Shreveport/Bossier City market suffered least, down 3%, … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, Eldorado Resorts, IGT, International, Lotteries, Louisiana, Penn National, Sports betting, Taxes, Wall Street, Wynn Resorts | Comments Off

Maddox’s mess; Big Gaming gets image-conscious

Posted on May 20, 2019 by David McKee

“Boston is not up for sale. I like that market. I found the land. I pursued that deal. I entered the agreement with the host community five years ago. I liked that market then. I like that market today.” So … Continue reading →

Posted in Lucky Dragon, Marijuana, Massachusetts, MGM Resorts International, Nevada, Penn National, Regulation, Sexual misconduct, Steve Wynn, The Strip, Wynn Resorts | 1 Comment

Wynn cuts and runs

Posted on May 18, 2019 by David McKee

Wynn Resorts might be willing to pay $20 million to remain licensed in Nevada but $35 million in Massachusetts was Just Too Much evidently to hang onto $2.6 billion Encore Boston Harbor. In one of the most precipitate decisions in memory, … Continue reading →

Posted in Massachusetts, MGM Resorts International, Regulation, Wynn Resorts | 3 Comments

Don’t mess with the Seminoles

Posted on May 16, 2019 by David McKee

Well, the feckless Florida Lege courted disaster—and got it. The Seminole Tribe, lacking a new compact, is cutting off revenue-sharing payments to the Sunshine State. We’re talking serious dollars: $321 million last fiscal year. The Seminoles have enormous economic clout and … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, Florida, Galaxy Entertainment, Greenwood Racing, Las Vegas Sands, Law enforcement, Macau, Melco Resorts & Entertainment, MGM Resorts International, Penn National, Pennsylvania, Philippines, Politics, Rush Street Gaming, Seminole Tribe, Sociedade de Jogos de Macau, Sports betting, Taxes, Wall Street, Wynn Resorts | 1 Comment

The age of austerity?

Posted on May 16, 2019 by David McKee

While Station Casinos CEO Frank Fertitta III won’t be mistaken for a pauper anytime soon, he’s the most restrained of Las Vegas‘ top six gaming CEOs when it comes to compensation. On top of his $1 million base salary, his … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, Culinary Union, International, Japan, Las Vegas Sands, Lawrence Ho, Melco Resorts & Entertainment, MGM Resorts International, Politics, Sheldon Adelson, Station Casinos, Unite-Here, Wall Street, Wynn Resorts | Comments Off

Wall Street loves Wynn, Penn, MGM

Posted on May 15, 2019 by David McKee

JP Morgan analyst Joseph Greff issued a post-1Q19 bulletin in which he named Wynn Resorts (growth), Penn National Gaming (value for share price) and MGM Resorts International (event-driven revenue) as his top picks in the gambling sphere. Wynn got a … Continue reading →

Posted in Arkansas, Caesars Entertainment, DFS, Dining, Eldorado Resorts, Election, Internet gambling, Iowa, Japan, Las Vegas Sands, Macau, Massachusetts, Melco Resorts & Entertainment, MGM Resorts International, Penn National, Pennsylvania, Pets, Pinnacle Entertainment, Problem gambling, Racinos, Sports betting, The Strip, Tilman Fertitta, Transportation, Wall Street, Wynn Resorts | Comments Off

MGM, Adelson tussle for Japan; Wynn pouts over fine

Posted on May 13, 2019 by David McKee

Everybody wants to be in Osaka, now that it’s open for casino development and the Osakanese government strongly covets a casino, one hopefully that would be open in time for the 2025 World Expo. Among the entrants, Las Vegas Sands, … Continue reading →

Posted in Dining, Galaxy Entertainment, Genting, Japan, Las Vegas Sands, Lotteries, Massachusetts, Melco Resorts & Entertainment, MGM Resorts International, Mohegan Sun, Politics, Regulation, Singapore, Sports betting, Transportation, Tribal, Wynn Resorts | Comments Off

Wynn disappoints, MGM expectations managed

Posted on May 13, 2019 by David McKee

Although Wynn Resorts reported $1.6 billion in revenue for 1Q19, Credit Suisse analyst Ben Combes called the numbers “disappointing … We remain Neutral on WYNN, given macro uncertainty and policy risk in Macau and China. Our forward macro indicators are … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, Crown Resorts, Eldorado Resorts, Full House Resorts, Indiana, Lotteries, Macau, MGM Resorts International, Penn National, Scientific Games, Spectacle Entertainment, Sports, The Strip, Tribal, Wall Street, Wynn Resorts | Comments Off

Macao saves Wynn; Soaked in Missouri

Posted on May 10, 2019 by David McKee

If it were just a question of Las Vegas Strip performance, Wynn Resorts would have very little good news to report. Gross gaming revenue ($166 million) was down 19% in 1Q19, its impact softened by an 11% increase in slot … Continue reading →

Posted in Affinity Gaming, Boyd Gaming, Caesars Entertainment, Connecticut, Eldorado Resorts, Foxwoods, Macau, Massachusetts, Melco Resorts & Entertainment, MGM Resorts International, Missouri, Mohegan Sun, Penn National, Politics, Sports betting, The Strip, Wall Street, Wynn Resorts | Comments Off

Stability in the heartland; The lure of “NashVegas”

Posted on May 9, 2019 by David McKee

Last month’s gaming revenues from Ohio and Illinois were flat year/year. Some would look at that as a bad thing but it shows the states aren’t losing significant play to neighboring states. Ohio casinos grossed $160 million, with MGM Northfield … Continue reading →

Posted in Australia, Boyd Gaming, Caesars Entertainment, Canada, Churchill Downs, Crown Resorts, Dan Gilbert, Dining, Eldorado Resorts, Georgia, GLPI, Illinois, Law enforcement, Macau, MGM Resorts International, Mississippi, Ohio, Penn National, Pennsylvania, Rush Street Gaming, Sports, Sports betting, The Strip, Tourism, Wall Street, Wynn Resorts | Comments Off

Wynn balks at Beantown penalty

Posted on May 6, 2019 by David McKee

Although it was willing to pay at least $20 million to remain licensed in Nevada, it appears that Wynn Resorts is unwilling to take its $35 million dose of castor oil in Massachusetts. “We are in the process of reviewing … Continue reading →

Posted in Australia, Charity, Cirque du Soleil, Crown Resorts, Downtown, Entertainment, Florida, Illinois, Internet gambling, Macau, Massachusetts, Movies, Pennsylvania, Regulation, Resort fees, Seminole Tribe, Sports betting, The Strip, Tilman Fertitta, Wynn Resorts | Comments Off