It’s still early in the apparent downfall of Steve Wynn but already there’s heated pressure being put on both Democrats and Republicans to disown his largesse. Rep. Karen Handel (R) was out in front, giving $2,700 Wynnbucks to “a charity in her district that helps 
victims of domestic violence, sexual assault and elder abuse,” according to her office. Speaker of the House Paul Ryan (R) was close behind, promising a $1,ooo donation would go to a nonprofit instead. And that’s just the beginning. (Donations from Mrs. Wynn, Andrea Hissom, are being kept.) For time time being, Nevada Sen. Dean Heller (R) is hiding his head in the sand — presumably hoping the matter will go away. Nursing a one-point lead over challenger Rep. Jacky Rosen (D), he is probably loath to unilaterally disarm. A senator Wynn hasn’t lavished cash upon, Susan Collins (R), stated “I don’t even think it’s a close call to return the money. They’re very serious allegations, and should be treated as such.”
Wynn was out on his ass as Republican National Committee finance chairman within hours of the Wall Street Journal‘s bombshell story, which exposed Wynn (in more senses than one) as a serial sexual predator. Wynn Resorts tried to reframe the narrative around the WSJ‘s reportorial tactics, emphasizing, Continue reading
of decades. Without diminishing the gravity of the situation, this does not come as news: Wynn’s reputation as wolf dates back at least 15 years but almost no one has gone on the record about it before. According to the New York Times, the mogul “frequently demanded naked massages from female employees, sometimes pressuring them for sex and to masturbate him.” Wynn and his company threw Elaine Wynn 
in with $731 million. Even though recovering from three cracked ribs, CEO Sheldon Adelson had to like those numbers. He’s even been approached to sell Sands Macao, but waved that off. “Our strategy to build integrated results towards scale and diversity is clearly paying dividends … I’m very optimistic and I’m very, very confident about the growth of Macao,” he told investors.
community, with our employees and our company, that we feel comfortable in this situation.” On background, other casino executives are less sanguine, feeling that Fernando Chui‘s administration is keeping them on tenterhooks. That’s certainly been the way Chui has liked to deal with the casino moguls. However, Wynn says he has received positive feedback from City Hall with regards to expanding Wynn Palace, something upon which politicians are historically slow to move. The government could throw the existing licensing up for re-bid in two years (
“integrity fee” of $1 out of every $100 wagered. According to the American Gaming Association, this would rob sports books of anywhere from 20% to 29% of their overall revenue. AGA President Geoff Freeman minced no words, labeling the NBA’s help-thyself a “skim.” The AGA also reminded the NBA that the money would reduce the taxable proceeds available to state and local governments, and that by imposing a set-aside on sports books, “Money that goes directly to the leagues distorts the odds that legal bookmakers are able to provide and encourages Americans to continue to operate criminally in the illegal market.” Surely the league doesn’t want that. We don’t.
result in some of the biggest operators sitting this one out. In other words, Japan is on the verge of one-upping the failed gaming expansions of Korea and Vietnam by moving forward with a gaming construct that 1) can’t fulfill the number one stated goal of Japan’s IR development – tourism growth – and 2) is so poorly designed [49,212 square feet of casino] that ROIs shrink to a level that makes participation on the part of the global IR developers much less likely.” Union Gaming Group analyst Grant Goversten on Shinzo Abe‘s formula for casino megaresorts.
right in with Virgin Hotels‘ “acquire distressed properties in North America cheaply” philosophy. Sir Richard Branson evidently thought the price was right 
experience will feature 3D footage in 4K resolution at 60 frames per second. The Big Apple coaster trains and track will be equipped with sensors that synchronize the visuals with the ride to reduce the chances of motion sickness while wearing the virtual reality headset.” The LAT 
precedent, he would join it with Wynncore by virtue of the Las Vegas Strip‘s first enclosed pedestrian bridge, an air-conditioned “umbilical.” Explained the magnate, “With our room rates, we operate 50-to-60 percent margins in the hotels. So I want to add more rooms.” The move comes while Wynn Paradise Park is in its nascent stages, giving Las Vegans the chance to see Wynn build two luxury hotels simultaneously. It won’t be cheap to stay there: Think $400/night. For that outlay you get two bathrooms and an 80-inch TV. In the face of a 1.5% slippage in Las Vegas-derived revenue, Wynn challenged Wall Street. “You have to ask yourself, investment community, do you believe that Las Vegas, Nevada, will for the next decade or two continue to be a major destination city in the United States of America and the world?”
million, just staving off a 19% surge by Golden Nugget ($29.4 million). Delta Downs was up 6% to $16 million while hard-to-sell (strangely enough) Isle Grand Palais was up 2.5% to $10.5 million. There was little joy in Baton Rouge, where even market leader L’Auberge Baton Rouge ($14 million) was down 12%. The bottom fell out of Casino Rouge ($5 million) and Belle of Baton Rouge ($4 million), down 21% and 25% respectively.
require Nevada regulatory approval. But it would not, contrary to its initial appearance, give MGM a near-monopoly on the Las Vegas Strip. In fact, 
successful, it would give one company control of 15 Las Vegas Strip hotels (if you count The Rio), 
on Paddock’s ammunition and her players’-club card was in his room. In the meantime, victims who may want to sue MGM Resorts International and/or Las Vegas Metro are chafing for more information. Said attorney Marwan Porter, “It’s very important after situations like this — these types of tragedies — it’s very difficult for the victims to have any type of closure without knowing what happened. Why it happened? What could be done in the future to prevent this type of tragedy from happening? Our clients are extremely frustrated. They need answers.” (So do we.) As for the elusive motive, it looks like an avalanche of gambling debts dating back to 2015 may have had more bearing than 
“You always hear people saying ‘Risking their life.’ He actually gave up his life for the betterment of all of us to be able to live in a free world and for us to be able to have a voice, for us to go out and be free no matter your skin color, no matter who you are, no matter the height and size and the weight or whatever the case may be. He had a vision and he took a bullet for all of us. Literally. In the rawest form that you could say that.” — LeBron James on the importance of Martin Luther King.
Commissioner Matthew McConnell. Mercer has ailing Shenango Valley Mall, where former Macy’s and Sears stores stand empty. A casino in an ex-department store? Stanley Ho did it in Macao, so why not follow the example in Pennsylvania? “The Macy’s space is almost 110,000 square feet, and Sears is about 65,000 square feet, so there’s certainly some available space out there,” says realtor Jim Sarvas.
precarious position — back to the bargaining table with Meruelo Group. According to VitalVegas author Scott Roeben, this could also light a fire under All-Net Arena (still embryonic despite allegedly being fully funded) 
$187.5 million. Worst off was Sands Bethlehem ($25 million), sinking 44%, followed by Parx Casino, tumbling 28% to $33 million. The best of the worst was Lady Luck Nemacolin ($2 million), only off 6%. SugarHouse Casino plunged 41% to $14 million (a palindromic plunge), while sibling Rivers Casino was down 17.5% to $23 million. Harrah’s Philadelphia fell 27% to $16 million. Valley Forge Resort Casino eked out $7 million, falling 23.5%. The litany of woe continued outstate at Mount Airy ($10.5 million), down 21%, Mohegan Sun ($16 million), minus 20%, and Presque Isle Downs ($8) million, down 10%. The Meadows Racino ($16.5 million) took an 18% hit and Penn National‘s eponymous racino fell 16% to $17 million. That’s the end of the carnage and thank God for that.