Category: Casino News

Despite bad weather, the fourth quarter for Boyd Gaming was steady as she goes. Wall Street expected $334 million in cash flow and Boyd delivered $337 million, along with $1 billion in revenue. That was achieved even with soft business in the Midwest and South, as well as in the drive-in business in Las Vegas. Locals play in Sin City remains solid, which was a saving grace. Destination customers just weren’t coming, which hurt business at The Orleans, for one. To console investors, $185 million in stock was bought back, and projects in Virginia, Illinois and suburban Vegas remain in train through 2028.

Continue reading Boyd: Weathering the Storm

Let’s make one thing clear: Ohio Gov. Mike DeWine (R) isn’t a bad guy. During the Covid-19 pandemic, for instance, he stood firm for science at a time when quackery and superstition dominated the public discourse. However, when it comes to sports betting, he’s got some odd policy ideas. Right now, DeWine is taking his final bows before leaving office and the farewell tour has one recurring theme. Namely, that where OSB is concerned, DeWine is in serious danger of becoming DeWhine.

Continue reading Days of Whine and Grosses

Despite having neither financing nor a coherent design, Bally’s Corp. insists that its eponymous Las Vegas resort is a “go.” Shuffling paperwork to create the illusion of progress, Bally’s submitted budgetary documents to Clark County. Evidently the papers projected a start date of December 2025, so we can go ahead and throw out the estimated December 2030 completion out the window. Already Bally’s has welshed on its promise to be open when the adjacent baseball stadium (theoretically to be home of the Sacramento Athletics) debuts in 2028. Nor is that all.

Continue reading Rearranging the Deck Chairs

It was a signal December for Atlantic City casinos, in that Garden State residents preferred to stay home and play on the Web, rather than in the cozy (and smoke-ridden) confines of the Boardwalk. Gambling-hall revenues plunged 6.5% as the casinos suffered dreadful luck at the tables. Wagering was up 10% but Big Gaming won 11% less. Slots slumped 5%.

Continue reading Atlantic City, Watch Out

Casino revenues in Maryland slumped last month, down 2.5% to $160 million. At least Horseshoe Baltimore had something to crow about, leaping 12% to $15 million. Rocky Gap Resort was also up, plus 1.5% to $4 million and validating Century Casinos‘ turnaround talk. MGM National Harbor (above) dove 7% to $68.5 million and chief rival Maryland Live was flat at $59 million. Ocean Downs dipped 3% to $7 million and Hollywood Perryville was 2% off to $7 million.

Continue reading Closing the Book on 2025