Category Archives: Steve Wynn

Are you ready?; Lombardo’s lunacy; The wrath of Wynn

For some football, that is. NFL season literally kicks off tonight with the much-hyped Detroit Lions visiting the champion Kansas City Chiefs. But the on-field action threatens to be overshadowed by the off-field brouhaha surrounding sports betting. (Nor is it … Continue reading

Posted in Atlantic City, Bally, Caesars Entertainment, Century Casinos, Churchill Downs, Cordish Co., Culinary Union, DraftKings, Entertainment, FanDuel, Galaxy Entertainment, Iowa, Law enforcement, Macau, Maryland, MGM Resorts International, Nevada, Penn National, Regulation, Sam Nazarian, Sexual misconduct, SLS Las Vegas, Sports, Sports betting, Station Casinos, Steve Wynn, Technology, Wynn Resorts | Comments Off on Are you ready?; Lombardo’s lunacy; The wrath of Wynn

Walk of Shame; F-blue aflame; More Stitt stupidity

Shame on the District of Columbia. Its embattled leadership has yanked away $200,000 in funding for treatment of disordered gambling. You’d think that would be a priority item for a city whose government is partly funded by sports betting … … Continue reading

Posted in Cretins, Fontainebleau, Health, International, Japan, MGM Resorts International, Oklahoma, Politics, Problem gambling, Regulation, Sexual misconduct, Sports betting, Steve Wynn, Technology, The Strip, Tribal | Comments Off on Walk of Shame; F-blue aflame; More Stitt stupidity

Las Vegas: Strip up, locals down; God comes to Vegas

Gambling revenue from Nevada locals players dipped 2% last month. Now, before anyone shrieks “Recession!” or looks for the sky to fall, be it noted that we’re still streets ahead of 2019, which was the go-go ‘new normal.’ If, as … Continue reading

Posted in AGA, Boulder Strip, Boyd Gaming, Derek Stevens, Diversity, Downtown, G2E, history, International, Lake Tahoe, Laughlin, Mesquite, North Las Vegas, Reno, Scientific Games, Singapore, Steve Wynn, Tamares Group, The Strip, Wall Street | 1 Comment

Sands hailed; A’s to Vegas; Coney casino razzed; Mega-Jottings

First-quarter numbers for Las Vegas Sands were “nicely ahead” per J.P. Morgan analyst Joseph Greff, who said Sands’ Macao casinos were firing on all cylinders (mass-market play, VIP action, slots, retail and lodging). He expected Macanese cash flow of $304 … Continue reading

Posted in Australia, Bally, Baseball, California, China, CityCenter, Cordish Co., Cosmopolitan, Entertainment, Failsinos, Florida, Las Vegas Raiders, Las Vegas Sands, Louisiana, Macau, Mississippi, Nebraska, New York, Ohio, Phil Ruffin, Problem gambling, Racinos, Real Estate, Regulation, Reno, Singapore, Sports, Sports betting, Star Entertainment, Station Casinos, Steve Wynn, Taxes, The Strip, Tourism, Transportation, Tribal, Wall Street | Comments Off on Sands hailed; A’s to Vegas; Coney casino razzed; Mega-Jottings

Control Board buffoonery; Super-Mega-Jottings

Well, it didn’t take Nevada Gaming Control Board member George Assad long to stick his foot in it. No sooner had we prophetically called him a regulatory “doofus” than news surfaced of some most-unbecoming conduct during an NGCB hearing. Specifically, … Continue reading

Posted in Bally, BetMGM, Caesars Entertainment, Canada, Chicago, Cordish Co., Cretins, Detroit, Diversity, Downtown Grand, DraftKings, FanDuel, Genting, Hard Rock International, Health, history, Illinois, Japan, Jim Murren, Kansas, Kentucky, Las Vegas Sands, Louisiana, Macau, Massachusetts, MGM Resorts International, Missouri, Nevada, New York, PointsBet, Politics, Real Estate, Regulation, Rush Street Gaming, Slot routes, Sports betting, Station Casinos, Steve Wynn, Taxes, Technology, Texas, Wall Street, Wynn Resorts | 2 Comments

Atlantic City up, Louisiana down; Steve Wynn’s revenge

Gambling revenues inched upward in New Jersey, plus 1% statewide, mainly driven by Internet casinos (+9%). In Atlantic City, slot winnings rose 3.5% to ($159 million) on 4% more coin-in but tables slipped 4.5% to $54 million as wagering dipped … Continue reading

Posted in AGA, Atlantic City, Bally, Barstool Sports, BetMGM, Boyd Gaming, Caesars Entertainment, Carl Icahn, Chicago, China, Churchill Downs, Columbia Sussex, Conventions, CQ Holdings, DraftKings, Election, FanDuel, Golden Nugget, Hard Rock International, Illinois, Illitch Family, Internet gambling, Kentucky, Law enforcement, Louisiana, MGM Resorts International, Mohegan Sun, Neil Bluhm, New Jersey, Ocean Resort, Penn National, PointsBet, Politics, Rush Street Gaming, Slot routes, Sports betting, Steve Wynn, The Strip, Tourism, Unite-Here, Wall Street, Wynn Resorts | Comments Off on Atlantic City up, Louisiana down; Steve Wynn’s revenge

Christmas wishes

It’s time to reward those who have been nice and offer appropriate gifts to the naughty. So, without further ado, we play Santa Claus to the casino industry …

Posted in AGA, Alabama, Alex Meruelo, Atlantic City, Bally, Barstool Sports, Boyd Gaming, Caesars Entertainment, California, Card rooms, Chicago, China, Crown Resorts, Culinary Union, Dan Lee, Derek Stevens, Downtown, DraftKings, Fontainebleau, Full House Resorts, Genting, Georgia, Hard Rock International, James Packer, Japan, Kazuo Okada, Las Vegas Sands, Macau, Massachusetts, Mattress Mack, MGM Resorts International, Michael Gaughan, Missouri, Moulin Rouge, Movies, Nevada, New York, Oklahoma, Pahrump, Palms, Penn National, Phil Ruffin, Politics, Real Estate, Regulation, Resort fees, Resorts World LV, Sahara, Scott Butera, Sports betting, Star Entertainment, Station Casinos, Steve Wynn, The Rio, The Strip, Tilman Fertitta | Comments Off on Christmas wishes

Penn problems; Maryland sports bets boffo; Oscar pix

Regulators in Massachusetts struck an unsatisfactory compromise with Penn Entertainment. The latter’s Plainridge Park was granted a sports book license, conditional upon a suitability investigation of Barstool Sports founder—and the new face of Penn—Dave Portnoy. “We are very comfortable with … Continue reading

Posted in Barstool Sports, BetMGM, Caesars Entertainment, DraftKings, FanDuel, Indiana, Kansas, Marketing, Maryland, Massachusetts, MGM Resorts International, Movies, New Jersey, Ohio, Penn National, Regulation, Sports betting, Steve Wynn | Comments Off on Penn problems; Maryland sports bets boffo; Oscar pix

Pennsylvania, Michigan cool; Cuban covets Texas casino

Heaven be praised for the coming of 2023, not because 2022 was bad (quite the contrary) but because Wall Street is addicted to measuring this year against 2019, not 2021 … which can be quite crazy-making. By that yardstick, Pennsylvania … Continue reading

Posted in Barstool Sports, BetMGM, Boyd Gaming, Caesars Entertainment, California, Churchill Downs, Cordish Co., Detroit, DraftKings, FanDuel, Florida, Greenwood Racing, Idaho, Illitch Family, Internet gambling, Las Vegas Sands, MGM Resorts International, Michigan, Mohegan Sun, New York, Penn National, Pennsylvania, Politics, Real Estate, Rush Street Gaming, Sports, Sports betting, Steve Wynn, Texas, The Strip, Tilman Fertitta, Wall Street, WInd Creek, Wynn Resorts | 1 Comment

Massachusetts leaps; Holiday season in A.C.; Apollo’s new toy

November was good for casinos in Massachusetts, up 6% from last year to a gross of $93 million. Encore Boston Harbor led the way with $59.5 million, an 8% gain. MGM Springfield chipped in $22 million, up 2% despite an … Continue reading

Posted in Apollo Management, Atlantic City, Bally, Barstool Sports, Chicago, Dining, Hard Rock International, Massachusetts, MGM Resorts International, Ocean Resort, Penn National, Real Estate, Regulation, Sexual misconduct, Sports betting, Steve Wynn, Vici Properties, Wall Street, Wynn Resorts | Comments Off on Massachusetts leaps; Holiday season in A.C.; Apollo’s new toy

MGM carries Maryland; Steve Wynn, racketeer?

Casino revenues in Maryland continue to trend just a bit favorably, with a 2% increase in November—mostly on the back of one casino—reaching $163.5 million overall. Cordish Cos.’ Maryland Live ceded 2% for a $57 million tally. MGM National Harbor … Continue reading

Posted in Apollo Management, Australia, Barstool Sports, Caesars Entertainment, Cordish Co., Cretins, Golden Gaming, Maryland, Massachusetts, MGM Resorts International, North Las Vegas, Oklahoma, Penn National, Problem gambling, Real Estate, Regulation, Resorts World LV, Sexual misconduct, Sports betting, Star Entertainment, Station Casinos, Steve Wynn, Technology, Texas, The Strip, Tribal, Wynn Resorts | Comments Off on MGM carries Maryland; Steve Wynn, racketeer?

Wynn impresses; Curse of the Mummy’s Tomb; Culinary bombs

Wall Street analysts were across-the-board upbeat on Wynn Resorts‘ 3Q22 performance, as high-end casinos in Las Vegas continue to flourish. Although he categorized himself as “neutral,” given the evolving situation in Macao, analyst Joseph Greff of J.P. Morgan encapsulated third-quarter … Continue reading

Posted in Apollo Management, Boyd Gaming, Caesars Entertainment, California, Century Casinos, China, Culinary Union, Economy, Election, Failsinos, history, International, Internet gambling, Macau, Massachusetts, Mattress Mack, Missouri, New York, Penn National, Sheldon Adelson, Sports betting, Steve Wynn, The Strip, Tilman Fertitta, Tribal, Wall Street, Wynn Resorts | 2 Comments

Station accentuates positives; Wynn gets richer, Adelson poorer

Do Station Casinos execs really want to double their footprint in seven years? Yesterday they reported flat 3Q22 revenues of $414.5 million, all but $3 million of which were Vegas-derived, unwittingly highlighting the company’s exposure to a single market. Company … Continue reading

Posted in Bally, Boulder Strip, Caesars Entertainment, California, Charity, Downtown, e-sports, Economy, Election, Galaxy Entertainment, Hard Rock International, International, Internet gambling, James Packer, Las Vegas Sands, Louisiana, Macau, MGM Resorts International, New Jersey, Pansy Ho, Real Estate, Sports betting, Station Casinos, Steve Wynn, The Strip, Wall Street, World Series of Poker, Wynn Resorts | 1 Comment

Steve Wynn is so busted; Murder at Ocean Resort

Angry Florida man Steve Wynn will have to face the consequences of carrying the ChiComms’ water. Having spurned a settlement in the Justice Department’s lawsuit for failing to register as a foreign agent, he could very well find himself a … Continue reading

Posted in Atlantic City, Bally, China, Golden Nugget, Law enforcement, Macau, Ocean Resort, Security, Sexual misconduct, Steve Wynn, Unite-Here, Wynn Resorts | 3 Comments

Crimes and misdemeanors

Whoever killed reporter Jeff German may not be too terribly smart. Las Vegas Metro released photos of its prime suspect, dressed in “a bright orange reflective long-sleeve shirt, a pair of jeans and a straw hat that covered much of … Continue reading

Posted in California, Election, International, Kansas, Kazuo Okada, Law enforcement, Lotteries, Massachusetts, Missouri, New Jersey, New York, Pennsylvania, Philippines, Politics, Problem gambling, Regulation, Scientific Games, Sexual misconduct, Sports betting, Steve Wynn, Taxes, Tribal, Wynn Resorts | Comments Off on Crimes and misdemeanors

Industry waffles on Sisolak; Illinois ekes upward

Cynicism, thy name is Big Gaming. Whereas its chips were all in with Nevada Gov. Steve Sisolak (D) the last time around, now it has a dampened finger held upwards, testing which way the wind is blowing. The Las Vegas … Continue reading

Posted in Bally, Boyd Gaming, Caesars Entertainment, Churchill Downs, Culinary Union, DraftKings, El Cortez, Election, Ellis Island, FanDuel, Genting, Golden Gaming, Hard Rock International, Illinois, Las Vegas Sands, Nevada, New York, Penn National, Phil Ruffin, PointsBet, Resorts World LV, Rush Street Gaming, Sports betting, Station Casinos, Steve Wynn, Wynn Resorts | 1 Comment

Atlantic City strong; Station’s demolition derby; De$anti$ hits jackpot; Mega-Jottings

There’s so much news today we almost don’t know where to begin. But we’ll start with Atlantic City, which reported a 2% increase in casino revenue, to $229 million. Internet gambling and sports betting chipped in another $169 million. One … Continue reading

Posted in Atlantic City, Bally, Barstool Sports, BetMGM, Boulder Strip, Boyd Gaming, Caesars Entertainment, Canada, China, Donald Trump, Dotty's, Downtown, DraftKings, FanDuel, Genting, George Maloof, Golden Nugget, Hard Rock International, Health, International, Internet gambling, Las Vegas Sands, Law enforcement, Macau, MGM Resorts International, Michael Gaughan, Mohegan Sun, North Las Vegas, Ocean Resort, Pennsylvania, Phil Ruffin, Politics, Real Estate, Regulation, Resorts World LV, Sheldon Adelson, Sociedade de Jogos de Macau, Sports, Sports betting, Station Casinos, Steve Wynn, Texas, The Strip, Tribal, United Kingdom, Wall Street, WInd Creek | 1 Comment

Steve Wynn, Commie stooge?; Resorts World LV jumps shark

If there’s one thing Steve Wynn loves almost as much as money (and women to whom he is not married) it’s the Red Chinese. He’s been warbling sweet nothings about them ever since he got a gig in Macao as … Continue reading

Posted in Bally, Barstool Sports, Baseball, BetMGM, Boyd Gaming, Caesars Entertainment, Chicago, China, Churchill Downs, Cordish Co., Donald Trump, DraftKings, Economy, Entertainment, Failsinos, FanDuel, Florida, Greenwood Racing, Hard Rock International, history, Internet gambling, Macau, Michigan, Mohegan Sun, Penn National, Pennsylvania, PokerStars, Real Estate, Regulation, Resorts World LV, Rush Street Gaming, Sports betting, Steve Wynn, The Strip, WInd Creek, Wynn Resorts | 3 Comments

Chicago tips its hand; Wynn loses; Thunder Down Under

Would somebody clue in Chicago Mayor Lori Lightfoot (D) that Neil Bluhm‘s Rush Street Gaming is no longer the majority owner of Rivers Casino Des Plaines? That honor goes to Churchill Downs. But Lightfoot is using Des Plaines as a … Continue reading

Posted in ABBA, Animals, Architecture, Australia, Bally, Boulder Strip, Caesars Entertainment, California, Chicago, Crown Resorts, Entertainment, Environment, Hard Rock International, Health, Indiana, International, Internet gambling, Japan, Law enforcement, Macau, Marijuana, MGM Resorts International, Michigan, Money laundering, Neil Bluhm, New York, Regulation, Rush Street Gaming, Sexual misconduct, Sports, Sports betting, Star Entertainment, Steve Wynn, Technology, The Strip, Tribal, Wynn Resorts | 1 Comment

MGM boffo; Establishment freaks out over sports betting

“Viva Las Vegas” was the headline on Credit Suisse analyst Ben Chaiken‘s recap of 4Q21 earnings from MGM Resorts International. Wall Street expected $2.8 billion in revenue and $705 million in cash flow. MGM delivered $3.1 billion and $821 million, … Continue reading

Posted in BetMGM, Caesars Entertainment, Canada, Conventions, Cosmopolitan, DFS, Donald Trump, DraftKings, Election, Entertainment, Florida, Hard Rock International, Hawaii, Health, Illinois, Japan, Las Vegas Sands, Lotteries, Macau, Marketing, Mattress Mack, MGM Resorts International, Nevada, New York, Problem gambling, Seminole Tribe, Sports, Sports betting, Station Casinos, Steve Wynn, Taxes, Technology, The Strip, Wall Street, Wynn Resorts | 3 Comments