Articles tagged “gaming”

Barron Hilton, CEO of Hilton Hotels for 3 Decades, Dies at 91

Barron Hilton, CEO of Hilton Hotels for 3 Decades, Dies at 91

Stephen Miller, Bloomberg

Hilton was a mess when Blackstone bought it and turned it around. Barron Hilton won’t be remembered as an astute operator.

5 months ago

Fortunes May Soon Improve for Macau’s Casinos

Fortunes May Soon Improve for Macau’s Casinos

Angus Whitley and Daniela Wei, Bloomberg

Since casinos in the region are so dependent on China for customers, an improving Chinese economy is bound to help with growth.

10 months ago

Wynn Resorts Walks Away From Crown Deal After Talks Became Public

Wynn Resorts Walks Away From Crown Deal After Talks Became Public

John J. Edwards , Bloomberg

It's likely that Wynn's cold feet about the Crown Resorts deal had more complex origins than the mere public disclosure of talks under way. Wynn wants to expand in Asia beyond Macau so it ain't over until the lights go out.

10 months ago

Macau Sees Strong Chinese Arrivals But Is It a Real Boom?

Macau Sees Strong Chinese Arrivals But Is It a Real Boom?

Daniela Wei, Bloomberg

The good news for Macau is the week-long Chinese New Year holidays brought nearly 900,000 visitors from the mainland. The bad news is many were day-trippers checking out a new bridge and leaving without spending much, or at all.

1 year ago

400 Million Chinese Will Be Traveling During Lunar New Year

400 Million Chinese Will Be Traveling During Lunar New Year

Daniela Wei and Bruce Einhorn, Bloomberg

Despite the economic uncertainties in China, more people are expected to travel both domestically and internationally during the Lunar New Year holiday. Sure, downturns will definitely hurt the sector — but as someone at InterActiveCorp/Expedia once said, travel is life.

1 year ago

Caesars Doubles Down on Its Non-Gaming Strategy With New Brand

Caesars Doubles Down on Its Non-Gaming Strategy With New Brand

Deanna Ting, Skift

You can bet the incredible brand recognition of the Caesars name will still prove to be a double-edged sword as Caesars tries to delve deeper into the non-gaming space.

1 year ago

Why the Philippines Risks Losing Out on Asia’s Gaming Boom

Why the Philippines Risks Losing Out on Asia’s Gaming Boom

Ian Sayson and Cecilia Yap , Bloomberg

Casinos are a tourism magnet and stricter rules to safeguard locals from gambling, and to keep other gambling ills at bay, are better than a complete ban. Look to Singapore as a good Asian example.

1 year ago

Macau Casino CEO Claims Analysts Overreacting With Negative Forecasts

Macau Casino CEO Claims Analysts Overreacting With Negative Forecasts

Daniela Wei, Bloomberg

Either Melco Chief Executive Officer Lawrence Ho knows something most other people don't about the Macau market or he's spinning a tale.

1 year ago

Wynn Sues Genting for Copying Its Design for Las Vegas Resort

Wynn Sues Genting for Copying Its Design for Las Vegas Resort

Edvard Pettersson, Bloomberg

There are only so many ways you can design a mega resort on a small piece of land so it appeals to the Vegas visitor.

1 year ago

This Tropical Chinese Island Is Quietly Transforming Into a Gaming Destination

This Tropical Chinese Island Is Quietly Transforming Into a Gaming Destination

Daniela Wei , Bloomberg

Gaming development on Hainan Island could have an impact on Macau, Singapore, and soon, Japan.

2 years ago

Elaine Wynn Emerges as a Shareholder Activist With a Refreshing Approach

Elaine Wynn Emerges as a Shareholder Activist With a Refreshing Approach

Joe Nocera, Bloomberg

Bloomberg columnist Joe Nocera adds up the victories by Steve Wynn's ex-wife Elaine as she attempts to clean up Wynn Resorts. He rightfully calls her a shareholder activist who breaks the mold because she doesn't have a cut-and-run mindset. Now there's a model for others to follow.

2 years ago

Wynn’s New Boston Casino Resort May Be Sold to MGM

Wynn’s New Boston Casino Resort May Be Sold to MGM

Christopher Palmeri, Bloomberg

So maybe MGM isn't buying all of Wynn Resorts, but hoping to settle for a piece of it in Boston?

2 years ago