Category Archives: Wynn Resorts

Casino revenues surge (almost) everywhere

Posted on August 8, 2018 by David McKee

Maryland casino business continues to boom, up 5.5% last month. MGM National Harbor led the pack with $58 million. It will, however, be a source of dismay to ownership that play continues to trend toward highly taxed (60%) slots and … Continue reading →

Posted in Caesars Entertainment, Churchill Downs, Cordish Co., Dan Gilbert, Eldorado Resorts, Galaxy Entertainment, Golden Gaming, Las Vegas Sands, Lawrence Ho, Macau, Maryland, Melco Resorts & Entertainment, MGM Resorts International, Ohio, Penn National, Pinnacle Entertainment, Racinos, Sheldon Adelson, Sociedade de Jogos de Macau, Taxes, West Virginia, Wynn Resorts | Comments Off

Illinois takes a dive; Okada gets nabbed

Posted on August 7, 2018 by David McKee

Illinois casinos had been bumping along nicely in the Trump economy until they hit a plain old speed bump last month, with revenues down almost 4%, on a gross of $119 million, $39 million of which was generated by Rivers … Continue reading →

Posted in Atlantic City, Australia, Boyd Gaming, Caesars Entertainment, Crown Resorts, Economy, GLPI, Illinois, Kazuo Okada, Law enforcement, Massachusetts, MGM Resorts International, Penn National, Regulation, Rush Street Gaming, Scientific Games, Slot routes, Sports betting, Technology, Wall Street, Wendover, Wynn Resorts | Comments Off

It’s Elaine’s company now; A legend passes

Posted on August 6, 2018 by David McKee

In a sudden and wholly unexpected development, Wynn Resorts has appointed Phil Satre to the board of directors as vice chairman. Since D. Boone Wayson is stepping down as chairman of the board at year’s end there’s every reason to … Continue reading →

Posted in Dining, Elaine Wynn, MGM Resorts International, Wall Street, Wynn Resorts | Comments Off

More woes for Wynn; Unlucky 13 in Macao

Posted on August 3, 2018 by David McKee

Update: All charges in this case were dismissed, as the alleged rape was found to be a fabrication. Wynn Las Vegas‘ status as the poster child for sexual assault on the Las Vegas Strip just got another boost. SoCal dentist Poria … Continue reading →

Posted in Architecture, Caesars Entertainment, Dining, Economy, Election, Georgia, Iowa, Law enforcement, Macau, Marketing, Massachusetts, Politics, Sexual misconduct, Sociedade de Jogos de Macau, Taxes, The Strip, Wall Street, Wynn Resorts | Comments Off

Caesars excels, MGM disappoints; So long, Paradise Park

Posted on August 2, 2018 by David McKee

You know how I thought May’s visitation numbers representing Las Vegas finally finding bottom in a visitation decline? Never mind. June was down 1%, mainly driven (pardon the pun) by fewer drive-in visits from California. Fortuitously for the casinos, luck … Continue reading →

Posted in Atlantic City, Caesars Entertainment, California, Detroit, Economy, Las Vegas Sands, Macau, Mandalay Bay Massacre, Maryland, Massachusetts, Melco Crown Entertainment, MGM Resorts International, Sports, Sports betting, The Strip, Tourism, Wendover, Wynn Resorts | Comments Off

Japan: Vegas meets the Yakuza

Posted on July 31, 2018 by David McKee

“Everybody says we have the leading position to win a Japanese gaming license because of my background,” remarked Sheldon Adelson modestly when casinos were voted in by the Diet. Over at MGM Resorts International, CEO Jim Murren played the social-responsibility … Continue reading →

Posted in Atlantic City, Baseball, Caesars Entertainment, Genting, Hard Rock International, Japan, MGM Resorts International, Regulation, Sheldon Adelson, Sports, Sports betting, The Mob, Tourism, Wynn Resorts | Comments Off

San Manuel escalates tribal skirmish; Pullback on paid parking?

Posted on July 27, 2018 by David McKee

The SoCal arms race continues. Having already deployed a mind-boggling 4,800 slot machines, San Manuel Casino is going upscale in a big way. It will add a concert hall, spa, pool plaza and hotel, all to the tune of $550 … Continue reading →

Posted in Architecture, California, Cordish Co., Greenwood Racing, Penn National, Pennsylvania, Politics, The Strip, Tourism, Tribal, Wynn Resorts | 3 Comments

MGM lauds Springfield as Mandalay Bay woes increase

Posted on July 25, 2018 by David McKee

MGM Resorts International is targeting Hartford (and five other media markets) with its initial TV spot for MGM Springfield, whose opening is now less than a month away. The ad, which you can see for yourself, has shoutouts to virtually … Continue reading →

Posted in Cirque du Soleil, Elaine Wynn, Environment, Law enforcement, Mandalay Bay Massacre, Marketing, Massachusetts, MGM Resorts International, New York, Penn National, Pennsylvania, Regulation, Reno, Rhode Island, Sexual misconduct, Sports betting, Taxes, TV, Wynn Resorts | Comments Off

Wynn Resorts fights back; Rage against the (slot) machine

Posted on July 17, 2018 by David McKee

Not taking charges of promising kickbacks lying down, Wynn Resorts has countersued Anthony Gattineri. The latter has thrown yet another spanner into the Encore Boston Harbor works by suing the company for an $18 million, under-the-table promise he says was … Continue reading →

Posted in Architecture, history, Internet gambling, Macau, Massachusetts, Minnesota, Penn National, Rhode Island, Sahara, Sam Nazarian, SLS Las Vegas, Wisconsin, Wynn Resorts | 1 Comment

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

Leagues greedy for bookie sponsorships; Wynn gets sued

Posted on June 15, 2018 by David McKee

Guess what? Major leagues’ opposition to sports betting has melted overnight and now they’re into it for as much money as they can get. Bookmaker William Hill reports being “inundated” with sponsorship requests. Hill is a logical candidate for this, … Continue reading →

Posted in Atlantic City, Bruce Deifik, Current, Massachusetts, Regulation, Sports, Wynn Resorts | Comments Off

New Jersey ready for action; Strip club upstages Hard Rock

Posted on June 13, 2018 by David McKee

New Jersey Gov. Phil Murphy (D) still plans to place his first sports wager at Monmouth Park tomorrow but Borgata is trying to crash the party. The megaresort issued a statement saying “we are moving ahead with all possible speed … Continue reading →

Posted in Atlantic City, Delaware, Hard Rock International, Illinois, International, Internet gambling, Macau, Massachusetts, MGM Mirage, Mississippi, Nevada, Pennsylvania, Racinos, Sociedade de Jogos de Macau, Sports, Stanley Ho, Taxes, The Strip, Tilman Fertitta, Tourism, West Virginia, Wynn Resorts | 1 Comment

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

Culinary confronts Caesars

Posted on May 31, 2018 by David McKee

If Deutsche Bank analyst Carlo Santarelli is any indicator, Wall Street is sanguine almost to the point of complacency about contract talks in Las Vegas. He calls the chances of a strike “low” although he thinks negotiations could drag on … Continue reading →

Posted in Boyd Gaming, Charity, Culinary Union, Harrah's, Mandalay Bay Massacre, MGM Mirage, Penn National, Sheldon Adelson, Station Casinos, Taxes, Texas, Transportation, Tribal, Wall Street, Wynn Resorts | Comments Off

MGM optimistic on Japan; Culinary blasts casino owners

Posted on May 30, 2018 by David McKee

Japan is one big step closer to casino legalization now that its House of Representatives passed a bill putting problem-gambling countermeasures into place. This was a necessary step before the actual casino-implementation law could go before the Diet. “The pace of … Continue reading →

Posted in Boyd Gaming, Culinary Union, Economy, Golden Gaming, Harrah's, Japan, Macau, MGM Mirage, Penn National, Politics, Problem gambling, Regulation, Sexual misconduct, Singapore, Taxes, Tourism, Transportation, Unite-Here, Wynn Resorts | Comments Off

Las Vegas thrives; Palms ad backfires

Posted on May 30, 2018 by David McKee

Yesterday, we spotlit the Debbie Downer view of Las Vegas of one online columnist. And while a lengthy slide in visitation numbers remains a concern, dark and anecdotal snapshots of Sin City are contradicted by the numbers. The latter are … Continue reading →

Posted in Boyd Gaming, Cosmopolitan, Eldorado Resorts, George Maloof, Harrah's, Horseracing, Illinois, Indiana, Laughlin, Macau, Marketing, MGM Mirage, Mississippi, Palms, Pennsylvania, Politics, Racinos, Reno, Sheldon Adelson, Slot routes, Station Casinos, Tribal, Wall Street, Wynn Resorts | 2 Comments