{"id":5847,"date":"2011-02-28T14:34:43","date_gmt":"2011-02-28T22:34:43","guid":{"rendered":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/?p=5847"},"modified":"2020-06-02T07:33:10","modified_gmt":"2020-06-02T15:33:10","slug":"macao-rally-boosts-sands-wynn-no-triumph-at-hilton","status":"publish","type":"post","link":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/macao-rally-boosts-sands-wynn-no-triumph-at-hilton\/","title":{"rendered":"Macao rally boosts Sands, Wynn & Melco; No “Triumph” at Hilton"},"content":{"rendered":"

Publicly traded casino operators in Macao<\/strong> got a dose of good news today. A late-month rally in play means another record month at the tables, a 51% increase from last year. Roughly half the $2.5 billion haul will be divided between Sociedade de Jogos de Macau<\/strong> and Las Vegas Sands<\/strong>, with Wynn Resorts<\/strong> and Melco Crown Entertainment<\/strong> firmly in the middle of the pack. Another pleasant revelation is the come-from-behind performance of MGM Grand Paradise<\/strong>, which was on pace for a last-place finish but rallied to pass Galaxy Entertainment<\/strong>. MGM ended the month with an 11%, against Galaxy’s 9%.<\/p>\n

\"\"It’s not exactly<\/strong> news that MGM Grand Detroit<\/strong> is tops in Motown, a market that was 2010’s surprise bright spot. The posh casino-hotel drove nearly all of the city’s casin0-revenue growth last year. The metrics for MGM are good across the board, slightly mixed for everyone else. An infusion of new rooms and casino space at Greektown<\/strong> gave it a boost last year. Even with no management team currently at the helm, the trouble-plagued casino achieved an 11% revenue increase<\/a> last month. Just imagine what it could do when it gets it act together. Although it’s (relatively speaking) the oldest of the three permanent Detroit<\/strong> casinos, MGM’s had its product mix right from the get-go and has surrendered very little market share since. When a “bad” month is better than the newest casino’s good month by $21 million, MGM execs can sleep soundly.<\/p>\n

Continuing the “good news” theme<\/strong>, cooler heads prevailed in a planning dispute involving Cordish Gaming<\/strong>‘s Maryland<\/strong> casino. What looked like a shadowy attempt by Penn National Gaming<\/strong> to sandbag Cordish ended with casino developers and residents settling the issue out of court<\/a>, saving taxpayers a few dollars in the process.<\/p>\n

Not exactly a “Triumph.”<\/strong> After a “limited engagement” of indeterminate length, several postponed openings, innumerable bombastic-but-vague press releases and no<\/em> official press showing, Triumph … It Runs on Steam<\/em> has run out of hot air. The obscure Las Vegas Hilton<\/strong> “journey through magicality,” a poor man’s Believe<\/em>, has vanished as cryptically as it arrived, exiting with a not-so-veiled plea for some other casino to pick it up. Since the LV Hilton is where shows go to die, it’s difficult to imagine other casinos fighting to get it.<\/p>\n","protected":false},"excerpt":{"rendered":"

Publicly traded casino operators in Macao got a dose of good news today. A late-month rally in play means another record month at the tables, a 51% increase from last year. Roughly half the $2.5 billion haul will be divided … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[80,3,70,28,44,14,4,62,72,93,11,69,12,61,32],"tags":[],"_links":{"self":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/5847"}],"collection":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/comments?post=5847"}],"version-history":[{"count":4,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/5847\/revisions"}],"predecessor-version":[{"id":27219,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/5847\/revisions\/27219"}],"wp:attachment":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/media?parent=5847"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/categories?post=5847"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/tags?post=5847"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}