I’ve borrowed the late Merle Haggard’s 1981 song title to describe a conversation video poker players have heard hundreds of times. It’s often expressed as an argument where the premises go something like the following:
Continue reading Are the Good Times Really Over for Good?Podcast – Don “The Dragon” Wilson episode #5
In this episode of the podcast, I chat with Don “The Dragon” Wilson, one of the most iconic martial artists, and action stars of the 1980s and 1990s. Don talks about his fight career, and his transition from fighter to action star.
You can reach me at [email protected], or find me on Twitter @RWM21 or @lifeisagamblepod on Threads. If you like the show please tell a friend you think might like it, or if you are really ambitious leave a review wherever you listen.
Continue reading Podcast – Don “The Dragon” Wilson episode #5
Macao powers Wynn; Indiana down, Missouri flat

Sounding pleased with Wynn Resorts (“Upside across the board”), J.P. Morgan analyst Joseph Greff lauded its 2Q23 performance as “solid,” without budging from his “Overweight” rating or $142/share price target. That’s despite Wynn blowing past Greff’s cash-flow estimates for Macao, Las Vegas and Boston. Lower-than-usual hold in mass-market play undid better-than-usual retention of VIP gambling money in Macao but surpassed cash-flow projections by at least $10 million. Mass-market table action hit 91% of pre-Covid levels, as the enclave continues its faster than expected comeback. Retail sales were described as “strong,” while Wynn’s Macanese hotels ran at 96% occupancy.
Also firing on all cylinders was Wynncore, which scored better-than-expected marks in gambling, room rates, F&B and even the troubled entertainment program. Las Vegas-derived revenues of $578 million far overshot Wall Street‘s anticipation. Ditto cash flow. Room rates were an astronomical $462/night as “the high end continues to outperform.” While slot coin-in was but 88% of 2Q19 altitudes, table games more than compensates, seeing 127% as much wagering.
Continue reading Macao powers Wynn; Indiana down, Missouri flatPortnoy, Penn splitsville; Full House fire sale?

Like bad sex, the connubial bliss between Penn Entertainment and Barstool Sports ended abruptly. Cretinous Dave Portnoy becomes someone else’s problem child following the second-quarter-earnings revelation that Barstool was being sold back to its founder, jilted in favor of much comelier ESPN. Considering Penn’s down-market image, ESPN is doing the company a favor by lending its prestige to a company that has dragged its own name through the mud in pursuit of a sadomasochistic marriage to Portnoy.
“Well, it was fun while it lasted, but, in our view, the handwriting has been on the wall for some time,” wrote Deutsche Bank analyst Carlo Santarelli. “The Barstool partnership was not working, the risks were too significant, and PENN was at a crossroads.” Penn chose to “double down with a new strategy,” opined the pundit. He explained that Penn’s reversal “likely speaks to what is presumably a tough road for its core [brick-and-mortar] business on the horizon, as regional gaming rationalizes from post pandemic peaks and competition hampers performance at core PENN assets.” Barstool Sportsbook will become ESPN Bet. Santarelli believes this is in itself a positive, as the Barstool brand wasn’t what it was cracked up to be as a customer-acquisition tool. (Just a bunch of tools.)
Continue reading Portnoy, Penn splitsville; Full House fire sale?The Art of Complaining
Our lesson today is on maximizing a less-than-ideal situation. It could be a car rental, hotel reservation, food service, or other part of your Vegas trip.
COVID exacerbated employee shortages and though my example was before then, it’s still relevant.
Continue reading The Art of ComplainingMaryland down, Illinois up; NFL hypocrisy; Bally’s biz

Gaming industry bears are going to latch onto a 4% drop in Maryland gambling earnings as evidence of an impending recession. Thankfully, J.P. Morgan analyst Joseph Greff puts it in context by pointing out that the $174 million haul is 17% higher than July 2019, itself a high-water mark at the time. The Free State moves closer to a duopoly, with MGM National Harbor (41%) and Maryland Live (36%) capturing more than three-fourths of all business. That left woebegone Horseshoe Baltimore, the casino that Caesars Entertainment forgot, with just $16 million, 13% below last year and 17% down from 2019. MGM, meanwhile, raked in $72 million, a 6.5% slippage, while Maryland Live booked 63%, up 2%.
Continue reading Maryland down, Illinois up; NFL hypocrisy; Bally’s bizUsing Your Cell Phone in the Casino in Order to Look Up the Strategy
I’ve recently written some more-complicated-than-normal (for me) articles concerning playing strategies. Today won’t be one of those!
One of my regular posters, Boris from Switzerland, posted (paraphrasing): “This is fine for the advanced players. Recreational players can use a phone app to get the same information. And they’ll probably get away with it.”
Continue reading Using Your Cell Phone in the Casino in Order to Look Up the StrategyBig Apple dream; BetMGM welshes; Dekkers: Mom’s to blame

Developer Larry Silverstein‘s PR peeps released additional renderings of The Avenir over the weekend and they are certainly impressive. Few additional details of the proposed resort have been made available but the striking exterior is the work of veteran casino architect Paul Steelman, far outdoing his work for Resorts World New York. For our money, it’s pretty much a tossup between this and Sands Nassau for the most curb-appealing design statement and we hope that New York State authorities will have a hard time choosing between the two. If a casino simply must go into Manhattan, Silverstein gets our vote hands down. More pretty pictures after the jump.
Continue reading Big Apple dream; BetMGM welshes; Dekkers: Mom’s to blameTHE FLAWED LOGIC OF CRAPS SYSTEMS: UNCOVERING THE REALITY OF THE HOUSE EDGE
This post is syndicated by the Las Vegas Advisor for the 888 casino group. Anthony Curtis comments on the 888 article introduced and linked to on this page.
Continue reading THE FLAWED LOGIC OF CRAPS SYSTEMS: UNCOVERING THE REALITY OF THE HOUSE EDGEWall Street: Station soft; DraftKings impresses, Bally’s doesn’t

“If you were surprised you haven’t been paying attention.” So wrote Deutsche Bank analyst Carlo Santarelli of yesterday’s Station Casinos earnings release. He added, “it should come as no surprise that RRR reported results that were softer than our forecasts,” which were in themselves pessimistic. Station execs pointed to tough 2022 comparisons, especially in April, as well as their sports books getting cleaned out by Las Vegas Golden Knights bettors. Almost a million dollars of incremental utility costs also accounted for the miss and the latter factor should be considerably worse next quarter. Summarized Santarelli, “if you paid attention to [Boyd Gaming], you got almost exactly what you would have expected from RRR this evening.”
Continue reading Wall Street: Station soft; DraftKings impresses, Bally’s doesn’t