Steve Wynn talks, we listen

By David McKee ~ May 5th, 2015 @ 3:41 pm No Comments »

Elaine Wynn finds herself underwriting a Steve Wynn colloquy with Jon Ralston. (We may have “the Adelson primary” but we also have “the Ralston primary.”) Bet she didn’t see that coming. As for Steve, he can be combative, God knows, but Ralston catches him in one of his expansive moods.

Well done, Horseshoe; Hard Rock gets hacked

By David McKee ~ May 5th, 2015 @ 3:05 pm No Comments »

Last week, Horseshoe Baltimore found itself a sitting duck during the civil disturbances that followed the death of Freddy Gray. With police imposing a 10 p.m.-5 Horseshoe Baltimorea.m. curfew, Horseshoe had no choice but to curtail its operating hours, closing at 9 p.m. for five nights. Since the casino is struggling and parent company Caesars Entertainment is in bankruptcy (although not the subsidiary that owns the plurality of Horseshoe Baltimore), management would have a very good excuse not to pay its employees for the hours the casino was dark.

This is where management rose to the occasion, Continued >>

Crystals for sale again; Hit-and-run Sheldon

By David McKee ~ May 5th, 2015 @ 1:56 pm No Comments »

MGM Resorts International isn’t hurting for cash, having just posted a $170 million profit for 1Q15, far outstripping analysts’ projections (and despite an 11% falloff due crystalsto Macao). However, its Crystals shopping mall is back on the market, carrying a $1 billion price tag. The protracted absence of the Conexpo-Con/Agg show — not due back until 2017 — was another hurdle MGM overcame. The company also achieved a benchmark: the first-ever dividend payout on CityCenter to the tune of $400 million. You can say that the ‘new urbanism’ experiment was a long-shot bet by CEO Jim Murren that finally came in.

Murren wasn’t busting any numbers out on Continued >>

Quote of the Day

By David McKee ~ May 5th, 2015 @ 12:42 pm No Comments »

Riviera“The amazing thing about Las Vegas is how soon it forgets itself because it keeps reinventing itself.” — Splash choreographer Jeff Kutash on the closing of the Riviera, which took place at noon yesterday.

Further Reading

Steve Wynn talks, we listen

Well done, Horseshoe; Hard Rock gets hacked

Crystals for sale again; Hit-and-run Sheldon

Quote of the Day

Chicago casino push gathers steam

Ohio casinos: Half a loaf better than none; Brighter days for Macao?

MGM: The lion meows; GLPI: Still hungry

The world according to Wynn

Boyd shatters expectations; Dover Downs flounders

Quote of the Day

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