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Category Archives: James Packer
Packer’s pickle; Sands, MGM, Wynn lauded
Crown Resorts, under investigation in New South Wales, evidently decided it could no longer afford to half-ass it without a CEO (a position that had gone unfilled for three years) and elevated CFO Ken Barton to the job. Congratulations … … Continue reading
Posted in Indiana, James Packer, Japan, Las Vegas Sands, Law enforcement, Macau, Mandalay Bay Massacre, Melco Resorts & Entertainment, MGM Resorts International, Sexual misconduct, Sheldon Adelson, Stanley Ho, Wynn Resorts
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XFL bets taken; Mohegan Sun, Hard Rock clash; Straub arrested
New Jersey has allowed betting on the XFL, the sixth state to do so. But does anybody care? The league hopes that sports betting will spark fan interest in the games. MGM Resorts International already got burned by the Alliance … Continue reading
Posted in Australia, Glenn Straub, Hard Rock International, International, James Packer, Law enforcement, Lawrence Ho, Lotteries, Melco Crown Entertainment, MGM Resorts International, Mohegan Sun, Money laundering, New Jersey, Pennsylvania, Sports, Sports betting
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Power play in Springfield; Packer faces impeachment
We had a gut feeling this was coming. MGM Resorts International CEO Jim Murren has given the sack to MGM Springfield President Michael Mathis, replacing him with MGM Northfield Park prexy Chris Kelly. Northfield Park hasn’t missed a step since … Continue reading
Posted in Australia, China, Connecticut, Crown Resorts, International, James Packer, Japan, Law enforcement, Lawrence Ho, Macau, Massachusetts, Melco Resorts & Entertainment, MGM Resorts International, Money laundering, New Jersey, Ohio, Stanley Ho, The Crown 18, The Mob
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This and that
Restaurant checks nationwide rose 3% last year but that didn’t keep Las Vegas out of WalletHub‘s #6 spot for foodies (cue operatic outrage from Sin City restaurant critics). Las Vegas hit the #1 spot for “affordability and accessibility of highly … Continue reading
Posted in Dining, Downtown, Downtown Grand, James Packer, Steve Wynn, Terry Caudill, The Strip, Wynn Resorts
1 Comment
Hooters out, Oyo in?; Crown in hot water
Hooters Hotel Casino, the brand that should have worked in Las Vegas but didn’t, may finally be on the way out. VitalVegas reports that hotelier Highgate may be rechristening Hooters with its Oyo brand. Highgate already operates hotels in the … Continue reading
Posted in AGA, Atlantic City, Australia, Crown Resorts, Detroit, Diversity, Environment, Hooters, Illinois, James Packer, Law enforcement, Louisiana, Marketing, Maryland, Massachusetts, MGM Resorts International, Money laundering, Paragon Gaming, Penn National, South Carolina, Sports, Sports betting, The Strip
2 Comments
More Ho, less Packer at Crown; Wynn pays the piper
More Lawrence Ho at Crown Resorts means less James Packer, as the publishing heir sold down his stake to 25%, spinning the decision thusly: “I am still vitally interested in Crown’s success as a world-class resort and gaming business. The … Continue reading
Posted in Australia, Cosmopolitan, Crown Resorts, Derek Stevens, Dining, Downtown, James Packer, Japan, Lawrence Ho, Massachusetts, Nevada, Politics, Regulation, Sports betting, The Strip, Wall Street, William Hill, Wynn Resorts
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Melco nabs Crown; Scientific promotes diversity
Stick a fork in that Wynn Resorts takeover of Crown Resorts, which was already on life support. Melco Resorts & Entertainment just bought a 20% stake in Crown, giving Lawrence Ho a sizable footfall in Australia. The transaction will cost … Continue reading
Posted in Australia, Caesars Entertainment, Crown Resorts, Entertainment, James Packer, Japan, Lawrence Ho, Macau, Melco Resorts & Entertainment, Problem gambling, Scientific Games, The Strip, Tourism, Wall Street, Wynn Resorts
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Feds scrutinize Pinnacle sale; Diamond Jacks gets prominent supporter
As the big continue to get bigger, Penn National Gaming is two steps closer to becoming a 20-state, 41-casino mammoth. West Virginia and Pennsylvania‘s regulatory bodies have signed off on its absorption of Pinnacle Entertainment. Penn, however, is not counting … Continue reading
Quote of the Day
“I was at a low point in my personal life. She was kind, exciting and fun. Mariah is a woman of substance. But it was a mistake for her and a mistake for me.” — James Packer on ex-fiancée Mariah Carey, who collected … Continue reading
Posted in James Packer
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Steve Wynn has left the building; Packer out, too
Wynn Resorts now has 100% less Steve Wynn now that the mogul has sold his entire stake in the company. At first blush this looks like a passive-aggressive lashing out at a firm that is now moving forward. However, Wynn … Continue reading
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
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Revel bought? Straub says no; R.I.P., Keely Smith
Revel/Ten may have yet another name soon, now that wannabe buyer Bruce Defik has done what Glenn Straub wouldn’t: apply for a New Jersey gaming license. Straub continues to assert that there is no deal in place but “a court … Continue reading
Posted in Architecture, Atlantic City, California, Detroit, Dining, Entertainment, Glenn Straub, history, Internet gambling, James Packer, Macau, Melco Resorts & Entertainment, Pennsylvania, Politics, Regulation, Revel, Station Casinos, Taxes, The Strip, Tribal
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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
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Alon: Packer out, Wynn in; Expert: Millennials suck
We guess Steve Wynn couldn’t stand looking at a vacant lot across from Wynncore any longer. The former Alon site will now be Wynn’s Next-But-One Great Thing. Back when it was still the Plaza site, Wynn publicly mulled building a … Continue reading
Posted in Architecture, James Packer, Marketing, Palms, Plaza, Sports, Steve Wynn, The Strip
1 Comment
Quote of the Day
“It did rock my world. Reading in every newspaper around the world that Crown [Resorts] was a bad corporate citizen shook me to the core because I had put in so much effort over so many years to ensure Crown … Continue reading
Posted in Australia, Cosmopolitan, Crown Resorts, James Packer, Macau, The Crown 18, The Strip
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Abe, casinos win; Tournament of Rose
In a snap election, Japanese Prime Minister Shinzo Abe and his Liberal Democratic Party posted big gains. The mandate was sufficiently huge to give the LDP outright control over every committee in the Diet. This is a big boost to … Continue reading
Posted in Australia, Crown Resorts, e-sports, Election, Harrah's, James Packer, Japan, Macau, Regulation, Sports, The Crown 18
1 Comment
Crown in hot water again; Wynn and whimsy
Crown Resorts just can’t stay out of trouble. On the first anniversary (roughly) of the arrest of the Crown 18 in China, the casino giant stands accused of rigging video poker machines. Parliamentary lone wolf and anti-gambling crusader Andrew Wilkie … Continue reading
Icahn’s big score
Did Carl Icahn just take Steven Witkoff to the cleaners? It sure looks that way. Witkoff and his associates paid, according to Bloomberg, $22 million an acre for Fontainebleau. Yes, $22 million. That figure is so dazzling I had to … Continue reading
#5,001
Yes, this is the 5,001st Stiffs & Georges post and let me start with a big thank-you to all of you, the readers, for making it possible. If it weren’t for your support I’d probably have hung it up long … Continue reading
Posted in Alabama, Atlantic City, Donald Trump, Georgia, Hard Rock International, Harrah's, James Packer, Kansas, Maryland, Massachusetts, New Hampshire, Pennsylvania, Politics, Regulation, Sam Nazarian, Seminole Tribe, Sheldon Adelson, SLS Las Vegas, Station Casinos, Steve Wynn, The Strip
5 Comments
Play dirty; Ayre beats the rap
One of the great things about Nevada‘s gambling industry is that it’s a free market. If you’ve got the capitalization and qualify for a license, any number can play. (Actually, some have gotten licensed only to be exposed as empty … Continue reading
Posted in Australia, Crown Resorts, Culinary Union, Donald Trump, Genting, International, Internet gambling, James Packer, Law enforcement, Nevada, Regulation
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