“Everywhere we build integrated resorts, our mantra is always to build the coolest thing. And Japan will easily be the coolest; we’ll experiment with the latest in technology, latest in building
methods, latest in engineering. But in order to do that, we really have to pick a location that is top tier — near major cities with a huge population and also high potential for tourists. We don’t think Tokyo is going to happen. It’s such a fantastic city but it’s a city for government, for financial … it’s less casual when you go to Tokyo. I think the government is thinking of using the integrated resorts as urban revitalization, so I think they’re looking at Yokohama.” — Melco Resorts & Entertainment CEO Lawrence Ho, on the subject of Nipponese casino development. Ho’s willing to invest an unlimited amount of money in the Land of the Rising Sun.
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permanent tweaks to security measures, 2) an increase in operator costs related to enhanced security measures, and 3) a likely softening, to some degree, in peak period demand (New Year’s/Events) … While there is a different feeling in Las Vegas since Sunday night and hotel security is heightened with a more visible police presence on and around casino floors, as well as some
a reorganization that will leave Caesars creditors $10 billion lighter in the wallet. The consummation of the deal
“There were probably some elements of the Chinese government that thought Macao was growing too quickly. Maybe people like [Sheldon] Adelson and the like were getting rich too quickly.” — Richard McGregor, author of The Party: The Secret World of China’s Communist Rulers, on the ongoing anti-graft crackdown that has taken such a big bite out of the Macanese economy.
response from the casino industry. There is always a certain element of risk in life, but we can ameliorate the worst of it. Las Vegas wishes it was Macao, in most respects (albeit with lower taxes). Well, here’s a Macanese idea that could easily be implemented in Sin City. Casinos in Macao are required to have metal detectors at all points of ingress. It’s about time that Vegas took the same measure. The very idea will provoke howls of outrage from some and yet we willingly submit to far greater indignities when boarding a flight to get to Las Vegas.
RevPAR and ADR numbers. Ditto a 2.5% uptick in convention attendance. Convention attendance for the year is tracking 6% ahead of 2016. Lower visitor traffic notwithstanding, Nevada gaming revenue was up 15% and the Strip’s rose 21%. That’s impressive, even knowing that August of last year showed a decline. Baccarat players wagered heavily and played most unluckily, with the house winning 38% more. So it was at other table games, with 7% more bet and 18% more lost to The Man.
events” of last night, which I hope translates into a higher security profile at G2E, where any nut with a gun could wreak serious havoc. Said American Gaming Association President Geoff Freeman, “The AGA and Reed Exhibitions will be in constant contact with local and national law enforcement and our host, Las Vegas Sands. We will closely monitor the situation and safety remains our priority. The gaming industry is a tight-knit community and Las Vegas is the beating heart of our operations. The AGA and Reed Exhibitions will offer our full assistance as the city recovers, and we will strive to honor the victims of this tragic event.”
music festival for its mostly vacant outdoor-concert space up on Sahara Avenue. For the moment, Kaboo says it has “no plans” to move but we’re not sure Kaboo’s fealty is any greater than that of the now-Los Angeles Chargers. If Kaboo ankles, expect it to reach Vegas in 2019. Hey, MGM, if you want to think really outside the box, bring Burning Man Festival to the Strip. Holy culture clash, Batman!
was that it was now uncertain. Sociedade de Jogos de Macau has floated the idea of limping into the market by opening undamaged parts of the property to the public while the flame-affected ones (which include floors one through five) are repaired. “I believe everything relating to the typhoon or the fire will have a certain level of impact, but for now we still haven’t evaluated the level of damage so there is nothing I can concretely say on the matter,” Leong initially
presidential campaign, he’s hoping the White House
J.P. Morgan analyst Joseph Greff lowered revenue projections for Station Casinos for the remainder of the year, extending into early next year. “We now model Palms contributing zero dollars of [cash flow] from 3Q17 until mid-2Q18,” he wrote, citing 40% of the casino floor being out of action, not to mention disruption of the food court. Not to worry, he anticipates that customers will return once the new-and-improved Palms debuts. However, renovations to the nightclubs and hotel rooms loom on the horizon, so expect disruptions to continue for a while, as Station pours $146 million into upgrading the resort.
“I can’t imagine any scenario in which the tribal nations would agree to open up the compact on those grounds. I can’t imagine entering into an agreement with any entity that would endanger our agreement with the tribal nations.” — Connecticut Gov. Dannel P. Malloy (D), 
although the proposed 10 casinos doesn’t sound particularly limited to us and may be too big of a pill for the churchy set to swallow. State reps Dennis Keene (D) and Rick Rand (D) are behind this latest push. They predict casinos
unlikely to stir controversy. In a family affair, Paragon Gaming CEO Diana Bennett joins her late father in the HoF, albeit not on the grounds that she fleeced Sam Nazarian to the tune of $1 billion when she sold the Sahara (and if he were not to be sheared, God would not have made Nazarian a sheep).
Brookfield alleges that “the company has rules suppressing employees’ free speech, including prohibitions against saying anything to discredit the company, talking about personnel matters, saying negative things about the company on social media, engaging in ‘rebellious’ behavior, etc. Despite Hard Rock Las Vegas’ claim that it wants employees to be able to ‘express themselves’ they are prohibited from wearing union buttons.”
the project and pay annual host-community fees of $8 million. CEO Jim Murren must be really scared of that tribal satellite casino in East Windsor, even though it won’t be open before he starts doing business in Springfield. MGM’s