Sands China has been getting mad props for its handling of the Parisian rollout last week. Compared to Wynn Palace‘s “passive” approach to the market (and despite a hailstorm of 
upbeat verbiage from Steve Wynn), analyst Christopher Jones wrote, “The awareness of the Parisian among gamblers was high, with Sands having blanketed the region with social media impressions of the new property over the last couple months. “This is in contrast to the recent Wynn Palace opening that took a more passive strategy relative to marketing, prior to opening. We believe that Wynn is looking to address this, as it adjusts to the operating environment in Cotai.” Not only was Parisian doing strong business, it was drawing off players from luckless Studio City, a project taken in haste by Melco Crown Entertainment, to be repented at leisure. Parisian is also said to have benefited from being more fully completed than previous Sheldon Adelson offerings in Macao.
“The bottom line is that Parisian seems to be significantly more compelling than Studio City from a mass-market consumer perspective, and should these trends be maintained, Continue reading
“By 2018, at the latest, some casinos failing to make ends meet would be forced to restructure. But the point is, why does the market cling to the hope of a turnaround,defying the fact that the gambling business has already developed excessively in Macao?” — Delta Asia Financial Group Chairman Stanley Au Chong-kit, 
“TEN” but we don’t go for that all-caps tomfoolery at S&G). Ten was chosen as preferable to “Zen.” “Ten joined with our infinity logo represents our mission to provide the highest-rated amenities and our daily endeavor to offer an infinitely perfect escape for our guests, families and businesses,” said property CEO Robert A. Landino. There will be one holdover from the old Revel team in the form of CFO Alan Greenstein, who presumably knows where all the bodies are buried. Ten 
the ballot question. What’s in it for them? Management of the northwesternmost casino, which would siphon business away from the Branson, Missouri area. (Branson businessman Marc Williams is also a campaign backer.) Arkansas Winning Initiative, as the campaign is called, is hotly opposed by the state’s horse tracks, which have VLTs, to the tune of a hundred grand. Gov. Asa Hutchinson, a casino opponent, 
Eldorado will pay $1.7 billion for Isle — or $23 a share (and 
“These folks are going to have to pony up the paper,” said U.S. Bankruptcy Court Judge Benjamin Goldgar, 
rival Indian communities held confidential meetings about ways to stop it, according to depositions released Wednesday.” However, if any minutes of those meetings were kept, 
projections were all over the place. “We get the sense that expectations remain low with respect to medium term VIP trends,” he added. There was a lot of talk about “player acquisition” (read: poaching from the competition) but concrete strategy was lacking. Santarelli concluded that “we think ultimately product quality leads the way, with customer reinvestment following.” Of the two new megaresorts, he was slightly more taken with Parisian, due in part to the critical mass of properties surrounding it. He also like its “inexpensive room product,” which would incentivize longer stays and Sands China‘s large, existing, mass-market base, from which it could “prune” customers for the new property. “Unfortunately, we leave with little confidence in either direction as we believe the market is at least stable, but believe more robust growth expectations are a function of the tail wagging the dog, given the moves in the stocks of late,” Santarelli added.
in Internet revenue, up to $16 million. Slot revenue of $167 million was down 5% on 4% less coin-in. Table-game revenue, just over $60 million, fell 10% as players wagered 10% less. Players bet 13% less at Borgata‘s tables but took the house to the cleaners, as it won 29% less, leading to an overall 8% dropoff in gambling revenue. Not an auspicious debut for the MGM Resorts International era at the Borgata . (Slots did bring in 1% more than last year, on flat slot handle.) Despite some tightening of the Internet-gambling market, Borgata is still the lead dog, although Resorts Digital has finally gotten out of last place, slipping past Tropicana Atlantic City (pictured) by a fraction of a percentage point.
opening of Parisian Macao. What he discovered, among other things, was an inescapable plethora of advertising heralding the debut of the newest Macanese megaresort. The Chinese enclave accounts for 53% of Las Vegas Sands‘ revenue. (Wynn Resorts is even more exposed, relying on Macao for 60% of its income, while MGM Resorts International has the lowest risk profile — 33%.) So will Parisian move the needle? “The reality is that nobody knows if Wynn Palace will grow the market, or even what it will take to drive real growth in Macau at this point, especially at the high end of the market,” wrote Union Gaming analyst Grant Govertsen, “We have fairly high expectations for Parisian to be the most likely property to grow the market. Sands China does a better job than the peers in delivering what mass-market consumers wants, and Parisian should hit a sweet spot given the Chinese affinity for Europe in general, and Paris specifically.” Velotta writes that Melco Crown Entertainment‘s Studio City “dazzled guests” with its amenities but neglects to mention that, from a financial standpoint, it laid an egg. However, expectations for Parisian have boosted Sands stock, up 30% this week.
express their ‘yea’ or ‘nay’ before statewide voters weigh in during the November election. Revere Mayor Brian Arrigo is neither enamored of McCain, whom he dismisses as a “fly by night” casino developer nor of the cost to the city of holding a special plebiscite: $50,000. Stonehill College political science professor Peter Ubertaccio says McCain’s strategy is a canny one — if Revere voters approve the slots parlor McCain covets, outstate voters may think twice about overriding the local mandate. “The point they will make is that, if Revere wants a slots parlor, why should voters outside the city deny them. Voters can say, ‘Hey, it’s not in my town,’” Ubertaccio told the Boston Globe. A judge has ordered Arrigo to hold the vote before Oct. 26 but Hizzoner continues to resist.
with 36 slated for Las Vegas deployment next year. The games include Smoothie Blast (where you try to assemble a virtual smoothie) and Grab Poker, in which players assemble the best hand they can by “grabbing” cards off the touch screen. The move by Caesars is the leading edge of a trend to attempt to reverse a worrisome decline in slot play: from $355 billion in 2007 (Las Vegas’ apogee) to $291 billion in 2014. The Gamblit machines are designed to appeal to Millennials’ love of interactive gambling and get past their boredom with the repetitious nature of conventional slot play. (Believe me, I understand.)
in light of the rope course he’s erecting in the property’s former porte cochere. According to 
“Give me two more years to see if there’s a recovery here.” Now there’s a man who takes the long view. In the meantime, he’s expanding Galaxy’s reliance on mass-market play and attractions. Considering that the mass market has gone from providing 25% of Macao’s revenue five years ago to half now, Lui is definitely on the right track, especially since Galaxy is now the lead dog in Macao, having bested Sands China. “While Macao’s gambling industry has hit the bottom, it’s still too early to call it a recovery,” he cautioned Bloomberg News. That puts Lui on the opposite side of the field from Sands CEO Sheldon Adelson and MGM Resorts International CEO Jim Murren, who are already taking victory laps based on August’s tiny increase in gaming revenues. Lui’s goal is grow by 20% the amount of revenue it collects from day trippers and other “recreational gamblers.” To that end, a theme park and an event center are planned.
Relations Board, 
order to point out the $88 billion dollars would be wagered illegally on the NFL this season. That’s a lot of revenue that the federal government is allowing to escape, especially when so many states and cities could benefit from legalized, regulated sports betting. In addition to being able to cite popular support for his position, Freeman is able to point to allies in the public sector who share his views. If you scroll way, waaaaaaaayyy down the minutes of the last United States Conference of Mayors, you find that