Category: Casino News

Chicago‘s first casino opened to “dozens of people” Saturday. Only dozens? That’s not a good sign for Bally’s Corp. It’ll need to stir up a lot more excitement than that if it’s to make back its nut on $1.7 billion Bally’s Chicago. If Chicagoans couldn’t be bothered to get out of bed for the 8 a.m. debut of a casino conveniently located at Medinah Temple, what does that bode for the megaresort, three years hence? Then again, nobody ever went broke with customers like the gullible group of gamblers who exclaimed, “We’re seniors … We’re in there to get this money.” Still, the images of the early morning opening were distinctly underwhelming. We expected better, frankly.

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 a football-only problem.) The league has been talking out of both sides of its mouth on this issue, decrying wagering by coaches and players, yet raking in the dough from a trio of partnerships with sports betting firms. After spending decades bitching and moaning about the threat to its ‘integrity’ posed by legal wagering, the NFL couldn’t get in on the action fast enough. So it’s ill-qualified to occupy the moral high ground.

That being said, there’s no excuse for the dog-ate-my-homework attitude of players caught with their hand in the betting cookie jar. League rules are pretty simple. Don’t bet on pro football and don’t bet (at all) while at team facilities. That’s not rocket science. And although few NFL players could be accused of being rocket scientists, there’s no excuse for not understanding the betting rules, whose critics would have us believe are an arcane formulation that would put advanced calculus to shame.

Casino revenue in Ohio dipped 2% in July, reaching $203.5 million. Before anyone goes all Chicken Little on us, that’s 25% higher than gambling win in 2019. So Ohio’s is a nice problem to have. MGM Northfield Park waxed the competition, garnering $27 million and gaining 6.5%. The only other revenue-positive properties were Jack Thistledown ($16 million, +1.5%) and Hollywood Dayton ($13 million, +2%). Best of the rest was Hollywood Columbus, flat at $23 million. Jack Cleveland continues to impress with $22 million, despite a 3.5% slippage. Hard Rock Cincinnati (pictured) slid 5% but still grossed a respectable $21 million. Bunched together were Miami Valley Gaming ($20 million, -2%), Scioto Downs ($20 million, -5%) and Hollywood Toledo ($20 million, -3.5%).

Fueled by a record July at Reid International Airport, casinos on the Las Vegas Strip surged 8% in July, hitting $835 million. This was the highest single-month haul on the Strip ever, surpassing December 2022 by $20 million. Slot win ($420.5 million) was up 7.5% on an equal surge in coin-in. However, the luck of the house did not carry over to non-baccarat table games, which saw a 9% plunge in revenue, despite a heavier volume of wagering. Fortunately for the casinos, baccarat win rocketed over 40% to $56 million, even though betting was down 1%. The casinos recorded some of their best-ever hold at the game: 24%. Higher holds were also exclusively responsible for an upsurge in locals-derived revenue, up 6% despite 1% lower wagering.

What do to when there’s no news story that simply dominates the headlines? Bust out an extra-large serving of “Jottings,” of course! For instance, Resorts World Las Vegas should turn it around in the latter half of this year, even if it’s merely the beneficiary of a rising tide lifting all boats in Sin City. Following a disappointing 2Q23 profit statement, owner Genting is projected to do better on the strength of the Las Vegas Grand Prix. But so will everybody else. By the same token, Resorts World Sentosa is expected to improve as visitation to Singapore, already impressive, continues to ramp upward … “Impeccable” is what Louisiana‘s top gaming regulator calls Cordish Cos. prior to its pending licensure in the Pelican State. We agree and Diamond Jacks owner Foundation Gaming must be pretty confident, too. It’s scrapped the riverboat casino and torn down the unprepossessing hotel, anticipating approval of owner-to-be Cordish. The latter intends to spend $250 million building a land-based casino, of which the state still has too few … Speaking of Cordish, the first of its intended casino sites in North Carolina cleared rezoning last week, despite loud public opposition. As the casino-legalization debate drags on in the Lege, opponents want to take it to a vote of the people. Given that polling shows as much as 55% support, casino detractors are playing a risky gambit …