Category Archives: MGM Mirage

MGM National Harbor, Maryland Live duke it out

MGM National Harbor strapped a jet pack on Maryland gaming revenue, up an eye-popping 38% last month. The bad news for other operators is that, once you subtract MGM, gaming revenues are down 11%. However, the fact that the declivity … Continue reading

Posted in Boyd Gaming, Cordish Co., GLPI, Harrah's, Illinois, Maryland, MGM Mirage, Neil Bluhm, Penn National, Pennsylvania, Sheldon Adelson, Sports, The Strip, Wall Street, West Virginia | 1 Comment

Mystery of the Sands

Since the Las Vegas Review-Journal continues to pretend that the Sands Bethlehem sale isn’t taking place, we’ll fill you in on the latest. At least one Wall Street analyst is certainly taking the rumblings emerging from Bethlehem at face value. Deutsche Bank‘s … Continue reading

Posted in Atlantic City, Maryland, MGM Mirage, Pennsylvania, Sheldon Adelson, Wall Street | 1 Comment

Sheldon stifles story; Trump Plaza’s end near

News about Las Vegas Sands‘ negotiations to sell Sands Bethlehem (confirmed) to MGM Resorts International (alleged) have been all over the Internet, especially once MGM’s name entered the discussion. You know where the story hasn’t been? Yup. Sheldon Adelson‘s very … Continue reading

Posted in Atlantic City, Carl Icahn, Hard Rock International, MGM Mirage, Pennsylvania, Sheldon Adelson, Tropicana Entertainment, Unite-Here | Leave a comment

MGM tipped as Sands Bethlehem buyer

It’s definite: Las Vegas Sands is shopping Sands Bethlehem, no matter what Ron Reese tells you. Company executives visited Pennsylvania Gaming Control Board Commissioner Richard G. Jewell with the news, which he confirmed to the Allentown Morning Call. Corroboration came … Continue reading

Posted in Carl Icahn, Georgia, Internet gambling, Maryland, Massachusetts, MGM Mirage, Movies, New York, Pennsylvania, Politics, Regulation, Sheldon Adelson, Slot routes, Tropicana Entertainment | Leave a comment

More resort fees at MGM; Sands Bethlehem sold?

It was show time for the big boys at the J.P. Morgan Gaming, Lodging, Restaurant & Leisure Management Access Forum, starting with MGM Resorts International, which had to get started by explaining why fourth-quarter numbers had been “coming in well below … Continue reading

Posted in Architecture, Atlantic City, California, Donald Trump, Economy, Hard Rock International, Harrah's, Harry Reid, Japan, Macau, Maryland, Massachusetts, MGM Mirage, Penn National, Pennsylvania, Pinnacle Entertainment, Seminole Tribe, Sheldon Adelson, Singapore, Sports, Steve Wynn, The Strip, Tourism, Transportation, Tribal, Tropicana Entertainment, Wall Street | 1 Comment

Business as usual at Boyd; Pinnacle looks to expand

* Top brass at Boyd Gaming met with J.P. Morgan analyst Joseph Greff and reported a relatively unruffled start to 2017, although the delayed mailing of income-tax refunds (about three weeks later than usual) was retarding results a bit. Still, … Continue reading

Posted in Boyd Gaming, California, Cannery Casino Resorts, Colorado, Current, Economy, Louisiana, Marketing, MGM Mirage, North Las Vegas, Penn National, Pinnacle Entertainment, The Strip, Tilman Fertitta, Tribal, Wall Street, West Virginia | Leave a comment

The case for cannibalization; Hard Rock buys Taj

There’s still a big budget shortfall in Pennsylvania and state Rep. Mike Sturla thinks he has at least part of the answer: slot routes. Casinos can be expected to decry this proposed solution and some already are. But for Sturla … Continue reading

Posted in Atlantic City, Carl Icahn, Economy, Foxwoods, Geoff Freeman, Golden Gaming, Hard Rock International, Harry Reid, Illinois, MGM Mirage, Mohegan Sun, Penn National, Pennsylvania, Politics, Revel, Slot routes, Sports, The Strip, Tribal, Tropicana Entertainment, West Virginia | Leave a comment

Caesars’ highway robbery; Good news for problem gamblers

What do you do when you’ve just lost $435 million? Bust out a new round of resort fees, of course! That’s Caesars Entertainment‘s answer. Keeping up with the Joneses on the Las Vegas Strip, Caesars will implement two tiers of … Continue reading

Posted in Foxwoods, Genting, Harrah's, Japan, Macau, Massachusetts, Melco Crown Entertainment, MGM Mirage, Mohegan Sun, Penn National, Pennsylvania, Politics, Problem gambling, Sheldon Adelson, Steve Wynn, The Strip, Transportation, Wall Street | Leave a comment

Ho taunts Adelson; Turnover at Wynn

Both Sheldon Adelson and Jim Murren have anted up $10 billion for a Japanese megaresort.  The fever is catching. Melco Crown International CEO Lawrence Ho went completely off his rocker and vowed to spend any amount whatsoever for a casino … Continue reading

Posted in Architecture, International, Japan, Law enforcement, Lawrence Ho, Macau, Melco Crown Entertainment, MGM Mirage, Regulation, Scientific Games, Sheldon Adelson, Steve Wynn, The Strip | 1 Comment

Caesars: The comedy is (almost) finished; Lawmaker gets high — on revenue

By merging Caesars Acquisition Co. (which holds most of the goodies) with Caesars Entertainment, the conglomerate may be finally able to ring the curtain on its bankruptcy. It’s been a long-running show, often replete with elements of farce. What seems … Continue reading

Posted in Atlantic City, Environment, Florida, Harrah's, Louisiana, Marketing, MGM Mirage, Neil Bluhm, Nevada, New York, Politics, Regulation, Taxes, Technology | Leave a comment

Cool breeze in Singapore; Pennsylvania gets on the sports-betting bandwagon

It seems more unlikely than ever that Singapore will issue casino concessions after gaming revenues laid an egg in 1Q-3Q/16. For the full year, tourism to Singapore reached record heights, but receipts for “sightseeing, entertainment and gaming” dropped 16% in the … Continue reading

Posted in Australia, Dining, Donald Trump, Foxwoods, Idaho, International, James Packer, Law enforcement, Massachusetts, MGM Mirage, Mohegan Sun, Pennsylvania, Politics, Singapore, South Korea, Sports, The Crown 18, Tribal | Leave a comment

MGM lands big fish; Black-market casino busted in Georgia

MGM Resorts International took it on the chops from Deutsche Bank analyst Carlo Santarelli, who said of 4Q16 results that they “were undoubtedly surprising, in the wrong direction in this instance as property EBITDA fell well short of forecasts, most … Continue reading

Posted in Boyd Gaming, California, Donald Trump, Dubai, Georgia, International, Internet gambling, Law enforcement, Macau, Maryland, MGM Mirage, Regulation, The Strip, Tribal, Wall Street | 1 Comment

Atlantic City warms up; Tribe puts faith in Trump

Judging by his apparent failure to build brand awareness of Ten, mogul Glenn Straub is going to have trouble cracking the Atlantic City nut. That’s fine by his rivals, who are all doing very well without him. Online gambling continues … Continue reading

Posted in Atlantic City, Boyd Gaming, Dan Gilbert, Detroit, Harrah's, Kansas, Massachusetts, MGM Mirage, Mohegan Sun, Neil Bluhm, New York, North Las Vegas, Pennsylvania, Politics, Racinos, Steve Wynn, Tilman Fertitta, Tribal, Tropicana Entertainment, Wall Street | Leave a comment

Station, Culinary at it again; Attack of the Russian slot cheats

After reaching a fragile labor peace with Station Casinos, the Culinary Union is heading for another scrum with the company, publishing a petition to “Stations Casino” [sic!], detailing various and sundry workplace complaints, such as “first aid supplies were not … Continue reading

Posted in California, Culinary Union, Georgia, International, Law enforcement, MGM Mirage, New York, Penn National, Politics, South Carolina, Station Casinos, Technology, Tribal, Tropicana Entertainment, Wall Street | Leave a comment

Sports betting a political football; Lucky Dragon doing just fine

Lawmakers in Maryland are entering the fray over sports betting. Unlike their counterparts in New Jersey, they’re not challenging the federal government directly. The proposed law, as drafted, would make sports betting legal in the Free State *if* the Bradley … Continue reading

Posted in Ameristar, Boyd Gaming, Cordish Co., Delaware, Dining, Donald Trump, Georgia, GLPI, Harrah's, Hawaii, Internet gambling, Isle of Capri, Lucky Dragon, Macau, Maryland, MGM Mirage, Mississippi, Missouri, Neil Bluhm, New York, Penn National, Philippines, Pinnacle Entertainment, Politics, Racinos, Singapore, Sports, Steve Wynn, The Strip, Tourism, Tropicana Entertainment, Wall Street | Leave a comment

MGM National Harbor a hit with players; Fertitta talks a good game

Given its high profile, MGM National Harbor had to hit a home run for MGM Resorts International and, judging by the numbers, it’s done just that. Last month it grossed $49 million, which — when the numbers are adjusted to … Continue reading

Posted in Boyd Gaming, Cordish Co., Downtown, GLPI, Golden Gaming, Goldman Sachs, Harrah's, Illinois, Louisiana, Maryland, MGM Mirage, Mississippi, Neil Bluhm, Nevada, New York, Penn National, Politics, Racinos, Regulation, Sheldon Adelson, Slot routes, Sports, Station Casinos, The Strip, Tilman Fertitta, Wall Street, West Virginia | Leave a comment

Adelson out of stadium deal; Tepid December on Strip

It didn’t take long for Sandoval’s Folly, the mooted [your city here] Raiders stadium to blow up in the governor’s face. With characteristic irascibility, Las Vegas Sands CEO Sheldon Adelson withdrew from the project, taking his $650 million with him. … Continue reading

Posted in Boulder Strip, Cordish Co., Cretins, Downtown, Economy, Foxwoods, GLPI, Harrah's, Horseracing, Japan, Laughlin, Maryland, MGM Mirage, Mohegan Sun, Nevada, North Las Vegas, Penn National, Politics, Regulation, Reno, Sheldon Adelson, Sports, The Strip, Tribal, Virginia, Wall Street, West Virginia | Leave a comment

New Deal; Same old same-old at Wynncore

In a dramatic semi-reversal, Georgia Gov. Nathan Deal (R) has said he is open “to keep the discussion going” on casinos in the state. The governor’s sudden open mindedness comes with several caveats, including the assurance that casino gambling won’t detract … Continue reading

Posted in Architecture, Delaware, Donald Trump, Election, Georgia, Japan, Massachusetts, MGM Mirage, Penn National, Politics, Regulation, Sheldon Adelson, South Carolina, Sports, Steve Wynn, Taxes, The Strip | Leave a comment

Crescendo of criticism in Connecticut; Adelson has solid 3Q17

“These legislators have it right, and they are proposing what Connecticut should have done from day one: put in place a process that is fair, open, transparent, reliable, and competitive,” said MGM Resorts International spokesman Alan Feldman, as opposition to … Continue reading

Posted in California, Donald Trump, Election, Foxwoods, Macau, MGM Mirage, Mohegan Sun, Neil Bluhm, New York, Politics, Sheldon Adelson, Singapore, The Strip, Tribal | Leave a comment

Maryland: Playing the blame game; Island casinos confront Trump

As might be expected, MGM National Harbor‘s opening strapped a jet pack on Maryland casino revenues for December, which came in at $133.5 million, easily surpassing last May’s then-record $104 million. Wagering — as opposed to win — per slot … Continue reading

Posted in Cordish Co., Donald Trump, Economy, Harrah's, Horseracing, Illinois, International, Internet gambling, Macau, Maine, Maryland, MGM Mirage, Penn National, Racinos, Regulation, Slot routes, Taxes, Tribal | Leave a comment