Category Archives: Galaxy Entertainment

Shawn The Sham; Cal-Neva in limbo

“They got the signatures to put it on the ballot and they are going to be spending millions of dollars on advertising, probably six weeks prior to this Election Day in November, to convince people to vote for it. It … Continue reading

Posted in Galaxy Entertainment, Harrah's, Horseracing, International, Japan, Maine, Nevada, North Dakota, Penn National, Politics, Regulation, South Korea, Technology | Leave a comment

Florida grilled over blackjack games; Caesars’ lucky streak continues

Things are looking grim for Florida Gov. Rick Scott‘s case against the Seminole Tribe. An attorney for the state was described as getting “shellacked” by U.S. District Judge Robert Hinkle. The latter zeroed in on the state’s “designated player games” … Continue reading

Posted in Florida, Galaxy Entertainment, Harrah's, IGT, International, Internet gambling, Isle of Capri, Massachusetts, Philippines, Problem gambling, Racinos, Regulation, Seminole Tribe, Stanley Ho, Technology, Tribal, Wall Street | Leave a comment

What is “good faith”?; Landslide shaping up in New Jersey

Who broke the compact between the State of Florida and the Seminole Tribe? That question is at the nub of a bench trial over the Seminoles’ disputed blackjack games. A win for Gov. Rick Scott (R) could be Pyrrhic, costing … Continue reading

Posted in Atlantic City, Delaware, Election, Florida, Galaxy Entertainment, Genting, Hard Rock International, International, Internet gambling, Macau, Melco Crown Entertainment, Nevada, Racinos, Regulation, Seminole Tribe, Sheldon Adelson, The Mob, Tribal | Leave a comment

Analysts not sold yet on Macao recovery; Soggy month for Louisiana

They came, they saw, they were unconvinced. “The re-affirmation that mass is improving was pronounced,” reported Deutsche Bank analyst Carlo Santarelli, adding that projections were all over the place. “We get the sense that expectations remain low with respect to … Continue reading

Posted in Australia, Boyd Gaming, Churchill Downs, Economy, Eldorado Resorts, Galaxy Entertainment, GLPI, Harrah's, Isle of Capri, Louisiana, Macau, Massachusetts, Melco Crown Entertainment, MGM Mirage, Penn National, Pinnacle Entertainment, Racinos, Sheldon Adelson, South Korea, Steve Wynn, Tilman Fertitta, Tropicana Entertainment, Wall Street | Leave a comment

Parisian opens amid uncertainty; Jones attacks old-boy network

While Sheldon Adelson‘s Las Vegas Review-Journal covered the opening of Wynn Palace from a safe distance, it has sent Richard Velotta to Macao to be on hand for today’s opening of Parisian Macao. What he discovered, among other things, was … Continue reading

Posted in Architecture, Boyd Gaming, California, Galaxy Entertainment, Harrah's, IGT, International, Japan, Macau, Melco Crown Entertainment, MGM Mirage, Nevada, Pinnacle Entertainment, Scientific Games, Sheldon Adelson, South Korea, Station Casinos, Steve Wynn, Wall Street | Leave a comment

Galaxy cautious on Macao; No smoking in Mesquite?

One swallow doesn’t make a spring and, if you’re Galaxy Entertainment CEO Lui Che-Woo, one month of 1% growth in gambling revenue doesn’t constitute a recovery in Macao: “Give me two more years to see if there’s a recovery here.” Now … Continue reading

Posted in Arizona, Atlantic City, California, Donald Trump, Economy, Environment, Galaxy Entertainment, Illinois, Louisiana, Macau, Marketing, Mesquite, MGM Mirage, Regulation, Sheldon Adelson, The Mob, Tribal | Leave a comment

Win for Wynn; Russia’s Donald Trump

So maybe Wynn Palace made a difference, after all. Macao gambling revenue, which analysts expected to be anywhere from 1% up to 3% down last month, actually grew 1%. (Kudos to those analysts who bet the house would win.) With Sands … Continue reading

Posted in Animals, California, Donald Trump, Florida, Galaxy Entertainment, Harrah's, IGT, International, Japan, Law enforcement, Lawrence Ho, Macau, Melco Crown Entertainment, Regulation, Sheldon Adelson, Steve Wynn, Taxes, Technology, Tribal | Leave a comment

New ally for Mashpee; Adelson: My way or the highway

In the latest twist of the Project First Light saga, the Justice Department has interceded on behalf of the Mashpee Wampanoag. It has asked a federal judge to revisit his ruling that the Mashpee lacked standing and that the Interior … Continue reading

Posted in Donald Trump, Downtown, Environment, Galaxy Entertainment, Harrah's, history, Internet gambling, Macau, Massachusetts, MGM Mirage, Oklahoma, Regulation, Sheldon Adelson, Sports, Station Casinos, Taxes, Tribal | Leave a comment

Caesars vs. Caesars; Wynn Palace opens

In a surrealistic turn of events, Caesars Entertainment Operating Co. has filed suit against parent Caesars Entertainment, and against majority owners Apollo Management and Texas Pacific Group. This bit of shadow puppetry is apparently intended to get at the goodies … Continue reading

Posted in Election, Entertainment, Florida, Galaxy Entertainment, Harrah's, Internet gambling, Macau, Melco Crown Entertainment, MGM Mirage, Nevada, New York, Steve Wynn, The Strip, Wall Street | Leave a comment

Wynn: Overextended in Macao?

Daiwa Securities Group put “sell” ratings on Wynn Macau Ltd. and Sands China, arguing that projections that the Wynn Palace and Parisian megaresorts would reverse declines in Macao gambling “remain overly optimistic.” Analysts Adrian Chan and Jamie Soo wrote that … Continue reading

Posted in Architecture, Dining, Galaxy Entertainment, International, Isle of Capri, Macau, Melco Crown Entertainment, MGM Mirage, Neil Bluhm, New York, Sheldon Adelson, Stanley Ho, Steve Wynn, Technology, The Strip, Tourism, Wall Street | Leave a comment

Nevada’s oldest casino turns 85; Flynt doubles down on Lucky Lady

Contrary to the impression of many, yours truly included, the oldest operating casino in Nevada isn’t the Golden Gate but the 85-year-old Railroad Pass, just outside of Boulder City. It even still has its original vault. New owner Joe DeSimone … Continue reading

Posted in Australia, Boulder Strip, California, Entertainment, Galaxy Entertainment, history, International, Macau, Marketing, MGM Mirage, Technology, The Strip | Leave a comment

Acrimony grows at Taj; Racism in Nebraska election race

As protests against Carl Icahn spilled over into New York City, his casino CEO, Anthony Rodio, sent ominously mixed signals about the future of Trump Taj Mahal. On the one hand, he offered a partial restoration of health benefits and … Continue reading

Posted in Atlantic City, Boyd Gaming, Carl Icahn, Donald Trump, Entertainment, Galaxy Entertainment, Iowa, Lake Tahoe, Macau, MGM Mirage, Minnesota, Nebraska, Racinos, Regulation, Tribal, Tropicana Entertainment, Unite-Here | Leave a comment

Donald Trump, stiff; Partial labor peace in Atlantic City

One of the benefits of Donald Trump‘s current ubiquity is that it has belatedly spurred the press into debunking the myth that he was a successful casino operator in Atlantic City. A particularly damning Associated Press story connects the dots … Continue reading

Posted in Atlantic City, Boyd Gaming, Donald Trump, Galaxy Entertainment, Glenn Straub, Harrah's, Macau, Melco Crown Entertainment, Mohegan Sun, Regulation, Revel, Steve Wynn, Tilman Fertitta, Tourism, Tropicana Entertainment, Unite-Here | Leave a comment

Case Bets: California, Florida, Minnesota, Macao

In a dramatic development, the six-tribe coalition that opposed letting PokerStars into California stood aside, clearing the path to unanimous approval by the Assembly Governmental Organization Committee of a bill by state Rep. Adam Gray that would legalize online poker in … Continue reading

Posted in California, Election, Florida, Galaxy Entertainment, history, Horseracing, Internet gambling, Macau, Minnesota, PokerStars, Politics, Taxes, Tribal | Leave a comment

Galaxy thinks big; Hoping against hope in Illinois

Feeling the pressure to diversify the market appeal of his casino resorts, Galaxy Entertainment CEO Lui Che-Woo is talking vaguely about a theme park, “something special and high-tech,” similar to the movie Avatar. Note that James Cameron isn’t explicitly involved … Continue reading

Posted in Entertainment, Galaxy Entertainment, Illinois, Kentucky, Macau, Politics, Sheldon Adelson | Leave a comment

Arc de scandale; New Illinois casino nominee

Macao is still reeling from an embezzlement scandal involving a Wynn Macau junket operator and now $13 million has gone missing from L’Arc, a sublicensee of Sociedade de Jogos de Macau and owned by SJM’s Angela Leong. This immediately raised … Continue reading

Posted in Foxwoods, Galaxy Entertainment, Illinois, Macau, Massachusetts, MGM Mirage, Mohegan Sun, Penn National, Regulation, Sheldon Adelson, Stanley Ho, Steve Wynn, Wall Street | Leave a comment

No Great Pumpkin for Las Vegas; Further woe for Macao

It was Las Vegas Strip casinos’ bad luck to have Oct. 31 fall on a Saturday, meaning that revenues (particularly from slots) from that weekend won’t be reported until the end of November. Consequently, Strip revenues fell 5% in October, … Continue reading

Posted in Boulder Strip, Dan Gilbert, Detroit, Dining, Downtown, Economy, Galaxy Entertainment, Lake Tahoe, Laughlin, Law enforcement, Macau, Maryland, Melco Crown Entertainment, MGM Mirage, North Las Vegas, Reno, Sheldon Adelson, Stanley Ho, Steve Wynn, Wall Street | 1 Comment

All’s well at Penn; Mulroy’s misdeed; Discomfort at Studio City

Penn National Gaming pleasantly surprised Wall Street, reporting third-quarter revenue of $739 million and $210 million in cash flow, exceeding projections by $8 million and $11 million, respectively. It paid out $109 million in rent to Gaming & Leisure Properties … Continue reading

Posted in California, Economy, Galaxy Entertainment, GLPI, Illinois, Lawrence Ho, Macau, Marketing, Massachusetts, Melco Crown Entertainment, MGM Mirage, Missouri, Ohio, Penn National, Regulation, Sports, Steve Wynn, The Strip, Tribal, Wall Street | Leave a comment

Steve Wynn’s an unhappy camper

A decade ago, Steve Wynn would badmouth doing business in Nevada and warble sweet hymns to that capitalist’s paradise, China. How times change. On yesterday’s quarterly earnings call, Wynn was apoplectic about the Chinese government’s shifting policies in re Macao. “In … Continue reading

Posted in Economy, Galaxy Entertainment, International, Lawrence Ho, Macau, Marketing, Melco Crown Entertainment, MGM Mirage, Regulation, Steve Wynn, The Strip, Wall Street | 4 Comments

Baccarat slays the Strip; Do gambling and pot mix?

Lack of a Labor Day weekend had a minimal effect on Nevada statewide gaming revenues in August (-1%). Lower and luckier baccarat play — 17% less drop and 24% less winnings for the house — hurt particularly (especially when one … Continue reading

Posted in Economy, Galaxy Entertainment, Macau, Maine, Massachusetts, Penn National, South Dakota, The Strip, Tribal, Wall Street | Leave a comment