Category Archives: Lucky Dragon

Adelson subsidizes foreign policy; Packer’s comeback

Sheldon Adelson‘s at it again. This time, in the cause of escalating Mideast tensions, he’s putting his money where his mouth is. The toupee-crowned supermogul is reported to be offering to foot the bill for at least some of a … Continue reading

Posted in Alex Meruelo, Atlantic City, Australia, Donald Trump, Glenn Straub, Greenwood Racing, Hard Rock International, International, Internet gambling, James Packer, Lucky Dragon, Macau, Melco Crown Entertainment, Ohio, Pennsylvania, Politics, Regulation, Revel, Sheldon Adelson, Sports, Steve Wynn, The Crown 18, The Strip | Comments Off on Adelson subsidizes foreign policy; Packer’s comeback

Savior for Lucky Dragon?; Louisiana city shops for riverboat

Things go from bad to worse at ill-named Lucky Dragon Casino. Already it was looking at a foreclosure auction tomorrow. Now owner Andrew Fonfa has put it in Chapter 11. The move was rationalized on the grounds that letting the … Continue reading

Posted in Alex Meruelo, Boyd Gaming, Culinary Union, Derek Stevens, Louisiana, Lucky Dragon, Mississippi, SLS Las Vegas, Station Casinos | 1 Comment

Steve Wynn: Time’s up

Yesterday, the penny dropped on Steve Wynn, as multiple reports of sexual predation made the news. According to the Wall Street Journal, we’re not talking about one or two accusers but “dozens,” over a period of decades. Without diminishing the … Continue reading

Posted in Animals, CityCenter, Current, Dennis Gomes, Donald Trump, Election, Harrah's, Japan, Lucky Dragon, Massachusetts, MGM Mirage, Nevada, Politics, Regulation, Sheldon Adelson, Steve Wynn, The Strip, Wall Street, Wisconsin | 2 Comments

SLS sale accelerates; New corruption worry for Macao

Lucky Dragon Casino‘s sudden demise had a dramatic effect on the sale of SLS Las Vegas, getting owner Stockbridge Capital Partners — no doubt newly aware of its precarious position — back to the bargaining table with Meruelo Group. According to … Continue reading

Posted in Dining, Entertainment, Genting, Law enforcement, Lucky Dragon, Macau, MGM Mirage, Regulation, Sam Nazarian, SLS Las Vegas, Sociedade de Jogos de Macau, Sports, Stanley Ho, Steve Wynn, Technology, The Strip | Comments Off on SLS sale accelerates; New corruption worry for Macao

Unlucky Dragon; Gaughan plays Lady Bountiful

Business at the semi-defunct Lucky Dragon casino must have really been sucking wind if it closed six weeks before Chinese New Year, which one would expect to be the property’s sweet spot. Lucky Dragon management is putting a brave face … Continue reading

Posted in Atlantic City, Harrah's, International, Iowa, Japan, Louisiana, Lucky Dragon, Macau, Massachusetts, MGM Mirage, Michael Gaughan, Regulation, SLS Las Vegas, Sociedade de Jogos de Macau, Taxes, The Strip, Wall Street | 1 Comment

Quote of the Day

“The problems may have been exasperated [sic], DeCree said, by the Lucky Dragon’s reliance on the highly competitive market for Asian customers.” — Las Vegas Sun reporter Thomas Moore on the closure of the Lucky Dragon’s casino. If there’s one thing … Continue reading

Posted in Lucky Dragon, Marketing | Comments Off on Quote of the Day

Exit the Dragon

In a story broken yesterday by VitalVegas, the Lucky Dragon Casino has abruptly shuttered its casino and restaurants. It will attempt to limp along for six months of ‘reorganization,’ sustained by hotel revenues. Were the Consumer Electronics Show not in … Continue reading

Posted in Atlantic City, Boyd Gaming, Dining, Economy, Genting, Golden Gaming, Hard Rock International, Lucky Dragon, Marketing, Movies, Penn National, SLS Las Vegas, Station Casinos, Wall Street | 3 Comments

Strip’s Thanksgiving turkey; Sports betting overhyped?

Despite a neutral calendar (i.e., same number of weekend days) and a 2% increase in baccarat wagers, the Las Vegas Strip managed to plummet 25% in table game win, pulling overall revenue 6% downward. Had it not been for that game, … Continue reading

Posted in Atlantic City, Boulder Strip, Delaware, Donald Trump, Hard Rock International, Internet gambling, Lake Tahoe, Laughlin, Lucky Dragon, LVCVA, Mandalay Bay Massacre, Marketing, MGM Mirage, Nevada, North Las Vegas, Regulation, Reno, Sports, Tribal, Trump Entertainment Resorts, TV | 1 Comment

Wynn’s new frontier

Wynn Resorts made it official last night: It had paid just under $335 million for the old New Frontier site, which it is taking over from James Packer. The deal makes a fool of Packer, who paid $570 million for … Continue reading

Posted in Atlantic City, Cretins, Current, Dan Gilbert, Detroit, Donald Trump, Florida, Genting, Hard Rock International, James Packer, Lucky Dragon, LVCVA, MGM Mirage, Minnesota, Penn National, Phil Ruffin, Riviera, Sports, Steve Wynn, The Strip, Tribal, Wall Street | Comments Off on Wynn’s new frontier

Quote of the Day

“The Lucky Dragon is a joke, went in there a couple weeks ago, and it was deader than an off strip Wednesday graveyard shirt [sic]. All the tables did not even have chip trays in them. I think there was … Continue reading

Posted in Lucky Dragon, The Strip | 1 Comment

Bye, bye, Vegas Club; Murren accepts minority status

One of our favorite sources, VitalVegas author Scott Roeben, is interviewed at length by Nevada Public Radio on what, if anything, the introduction of virtual reality to the Las Vegas Strip means for the big casinos. In part, Roeben says, … Continue reading

Posted in Architecture, Atlantic City, CityCenter, Derek Stevens, Downtown, Downtown Grand, e-sports, Fontainebleau, Genting, Japan, Lucky Dragon, MGM Mirage, Palms, Politics, Sheldon Adelson, Station Casinos, Steve Wynn, Technology, The Strip, Tribal, Tropicana Entertainment, Wall Street | 1 Comment

F-blew sale rumored; New Jersey legitimizes DFS

According to VitalVegas, Carl Icahn finally has finally hooked a big one and the upshot will be a long-delayed sale of Fontainebleau for $650 million. Uncle Carl has long since recouped his bargain-basement purchase price by selling off everything wasn’t … Continue reading

Posted in Affinity Gaming, Atlantic City, Boulder Strip, Boyd Gaming, Carl Icahn, Derek Stevens, Donald Trump, Downtown, Fontainebleau, Genting, GLPI, Hard Rock Hotel, Harrah's, history, Internet gambling, Lucky Dragon, LVCVA, M Resort, MGM Mirage, North Las Vegas, Palms, Penn National, Politics, SLS Las Vegas, Station Casinos, Taxes, Terry Caudill, The Strip, Wall Street, Westgate LV | 1 Comment

Culinary boycotts beer; Wynn stock upgraded on Macao strength

Along with Organizing Beyond Barriers, the Culinary Union is calling upon Trader Joe’s to stop carrying Gordon Biersch beer labels Josephsbrau, Black Toad Ale, and Stockyard Oatmeal Stout. Why? Because the “principals are Frank and Lorenzo Fertitta, controlling owners of the Las … Continue reading

Posted in Atlantic City, Culinary Union, Donald Trump, Harrah's, Internet gambling, Lucky Dragon, Macau, MGM Mirage, Mohegan Sun, Politics, Station Casinos, Steve Wynn, The Strip, Tilman Fertitta, Tropicana Entertainment, Trump Entertainment Resorts, Wall Street | Comments Off on Culinary boycotts beer; Wynn stock upgraded on Macao strength

Galaxy targets Japan; Tribes expand Connecticut demands

“We believe that Japan has a huge opportunity to create something unique that doesn’t just follow the Vegas model seen in many other markets around the world.” With those words, Galaxy Entertainment President Michael Mecca announced that Galaxy was in … Continue reading

Posted in Downtown, Economy, Foxwoods, Galaxy Entertainment, Illinois, Internet gambling, Japan, Lucky Dragon, Macau, MGM Mirage, Mohegan Sun, Neil Bluhm, Politics, Taxes | Comments Off on Galaxy targets Japan; Tribes expand Connecticut demands

SLS to get new owner; Boyd outlines strategy

Having failed to reinvent the north end of the Las Vegas Strip as the new place to party heartily, the owners of $415 million SLS Las Vegas are giving up and selling it to a relatively minor player: Meruelo Group. The … Continue reading

Posted in Architecture, Boulder Strip, Boyd Gaming, Cannery Casino Resorts, Environment, Harrah's, Louisiana, Lucky Dragon, Marketing, Mississippi, North Las Vegas, Palms, Reno, Sam Nazarian, SLS Las Vegas, Station Casinos, The Strip, Wall Street | 1 Comment

Resorts World LV: It’s a go; Illinois pols spurn casino

As Alon fades into the sunset, Resorts World Las Vegas plans to ramp up in serious fashion. Resorts World President Edward Farrell has announced that construction cranes will be up by August at the latest and work will begin in … Continue reading

Posted in Alabama, Architecture, Boyd Gaming, Genting, Illinois, Lucky Dragon, Nebraska, Nevada, New York, Politics, Problem gambling, Reno, South Dakota, The Strip | Comments Off on Resorts World LV: It’s a go; Illinois pols spurn casino

AGA backs Obamacare; “Messy” quarter for Station

OK, the headline is an oversimplification (as headlines tend to be) but the American Gaming Association found itself in disagreement with congressional Republicans after their overhaul of the Affordable Care Act was found to leave mental-health and substance-use-disorder services out in the … Continue reading

Posted in Dan Gilbert, Economy, Eldorado Resorts, Geoff Freeman, GLPI, Hard Rock International, Lucky Dragon, Marketing, Ohio, Palms, Penn National, Pinnacle Entertainment, Politics, Problem gambling, Reno, Station Casinos, Wall Street | Comments Off on AGA backs Obamacare; “Messy” quarter for Station

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 | Comments Off on Sports betting a political football; Lucky Dragon doing just fine

Ideas plentiful, funding scarce

Maybe the third try will be the charm. Australian entrepreneur Josh Kearney has announced an $800 million, extreme-sports-themed resort, to arise just northeast of Town Square Mall (built on the grave of the troubled Vacation Village Casino). The Edge, as … Continue reading

Posted in Australia, Economy, history, International, James Packer, Law enforcement, Lucky Dragon, Macau, Steve Wynn, The Crown 18, The Strip, Tribal, Wall Street, Wisconsin | Comments Off on Ideas plentiful, funding scarce

Jesus scapegoated for December results; Changing of the guard in New Jersey

Deutsche Bank analyst Carlo Santarelli put in some quality time in Las Vegas recently and came away satisfied with the market, particularly MGM Resorts International, Station Casinos, Boyd Gaming and Penn National Gaming, although he had no new intel on … Continue reading

Posted in Atlantic City, Boyd Gaming, California, Economy, Foxwoods, Georgia, Horseracing, Internet gambling, Lucky Dragon, MGM Mirage, Mohegan Sun, Penn National, Politics, Station Casinos, Tribal, Wall Street | Comments Off on Jesus scapegoated for December results; Changing of the guard in New Jersey