Macao casinos feel the heat; $41 million jackpot voided

By David McKee ~ April 27th, 2015 @ 11:35 am No Comments »

When the government of Macao makes a suggestion, it’s more like an order. For instance, last week, Secretary for Economy & Finance Lionel Leong summoned representatives of all MGM-Macau-casino-4six casino concessionaires to a meeting in which he ‘requested’ increased hiring and promotion of local workers in the city’s casinos. Among the executives subjected to this pep talk were Sands China Executive Vice President Ben Toh and MGM China CEO Grant Bowie. The government is feeling the discontent of local trade unions and passing it on to the casino bosses ahead of an expected May 1 protest.

Leong had earlier promised Continued >>

Quote of the Day

By David McKee ~ April 27th, 2015 @ 10:34 am No Comments »

steve-wynn-1“Nevada history is festooned with big bosses and bullies, men who lease the Legislature and occupant of the Governor’s Mansion for pet purposes. [Steve] Wynn isn’t the first, but he certainly ranks among the most prolific practitioners of the political art.” — John L. Smith on a Wynn-sponsored bill intended to chill free speech, particularly that which is critical of Steve Wynn.

Indian givers on Capitol Hill; Revel powers up

By David McKee ~ April 27th, 2015 @ 10:15 am No Comments »

Arizona‘s congressional delegation is willing to gamble $1 billion of your and my dollars to keep the Tohono O’odham Nation from having a casino. At the moment, Sen. John
mccainMcCain
(R) and his junior henchmen are plotting to stick their hypocritically titled Keep the Promise Act onto some piece of must-pass legislation and thwart the tribe in that manner. (When it comes to keeping promises involving Native Americans, Congress’ moral authority is dubious at best.) However, the Congressional Budget Office warns that if the Tohono O’odham sue — as appears certain they will — for not being allowed to make the highest and best use of their land, taxpayers could be on the hook for as much as $1 billion in legal fees, since the law will increase federal spending.

The lone voice of sense in the Arizona delegation belongs to Rep. Raúl Grijalva (D), who warns,  Continued >>

Elaine Wynn has left the building

By David McKee ~ April 24th, 2015 @ 12:02 pm No Comments »

Votes are still being audited but the bottom line from Wynn Resorts‘ board election is this: Elaine Wynn is out and the company’s two preferred candidates have been reelected. “The manner in which the existing board has handled the company’s third-largest shareholder and fellow board member, Elaine P. Wynn, the resulting proxy contest, all too public dispute and the continuing multiyear decline in the company’s stock price, compel us to support the dissident,” Egan-Jones Proxy Services advised in vain.

Ms. Wynn’s lawsuit to sever control of her shares from Continued >>

Further Reading

Macao casinos feel the heat; $41 million jackpot voided

Quote of the Day

Indian givers on Capitol Hill; Revel powers up

Elaine Wynn has left the building

Caesars and Gilbert, separate but together

Shame on Arizona; Big plans for Gold Strike

Tribal tensions in Indiana; Mississippi tapped out?

Quote of the Day

Sands, Penn and Pinnacle report

Revel’s Faustian pact; Hope fades in Florida

©2007-2015 Stiffs and Georges | powered by WordPress | Theme Design:Fat Cat Designs| Privacy Policy