Las Vegas Advisor

Posted on March 2, 2023September 14, 2023 by David Mckee — Leave a comment

Wynn, Golden report; Excalibur kitty caper; PointsBet busted

Citing “very encouraging” trends in Macao, analyst Joseph Greff of J.P. Morgan gave Wynn Resorts a favorable notice today. Without getting too much into the minutiae, Wynn execs cited rapidly improving VIP business, 96% hotel occupancy and a 34% uptick in retail sales. Added Greff, “For the four-week period following the Chinese New Year, WYNN indicated that relative to 2019 levels, mass table drop was at 82%, direct VIP turnover was at 120%, and tenant sales were at 78%. Wow.” At those rates Macao will be back much, much sooner than expected.

Posted on March 1, 2023September 14, 2023 by David Mckee — 1 Comment

Atlantic City in winter; Ohio rebounds; Lightfoot booted

Given a slow news day, let’s finally catch up with our East Coast bureau and see what’s been happening on the Boardwalk. First off, demerits to Ocean Casino Resort for contributing in its own small way to climate change by having three open-air, gas-fired flame pits blasting forth during a light snowfall. Nearby, at the Showboat, it appears that Bart Blatstein needs to put a bit of stick about, as construction of his (much-needed) water park presently looks unlikely to finish by Memorial Day, when you expect him to want to be good and ready.

Posted on February 28, 2023August 24, 2023 by Bob Dancer — 13 Comments

Maybe we Will Go

A few weeks ago, I wrote about a drawing at the ROW in Reno (a Caesars property where the Eldorado, Silver Legacy, and Circus Circus are all connected indoors), where Bonnie and I had each accumulated more than a half-million tickets during our stay. While that is a lot of tickets, everybody gets free tickets and daily multipliers, depending on their tier level.

I mentioned in that article that probably we won’t attend the three nights of drawings because the combination of prizes and probability of winning them wasn’t all that high. I said that would be my decision, “depending” on other factors.

Posted on February 28, 2023September 14, 2023 by David Mckee — 1 Comment

Vegas booming; Churchill Downs “messy”; Mega-Jottings

Nevada gambling winning catapulted 18% last month—yes, almost a 20% increase over post-Covid numbers (although January 2022 was dampened by Omicron). The good times just keep on rolling, to the tune of $1.2 billion. The Las Vegas Strip led the charge with a 26% vault, grossing $713 million. Strip slot revenue grew 24% on 24.5% more coin-in. Table games were good for the house, with winnings up 23% on only 5% more wagering. Baccarat saw players take a hiding, as the house won 42.5% more on 22% bigger betting.

Downtown kept pace, leaping 25.5% to $85 million. Laughlin (+1%, $42 million) missed out on the party. The Boulder Strip was up 13% to $96 million, North Las Vegas gained 8% to $24 million and miscellaneous Clark County jumped 17.5% to $152.5 million. Utah-fed Mesquite was up 8.5% to $16 million. But favored Mormon getaway Wendover slipped 2% to $21 million. A harbinger of things to come? As Wendover goes, so goes Nevada. Indeed, Reno was down 19% to $42 million, while Lake Tahoe nudged 2% higher to $17 million. Sparks continues on the comeback trail, up 17% to $14 million.

Posted on February 26, 2023 by Dave Kamsler — Leave a comment

Landing Tickets to Raiders’ Home Games: The Resale Market

[Editor’s Note: As a follow-up to Dapper Dave Kamsler’s previous post about the Raiders game-day experience (or maybe as more of a prequel to that post), we asked Dave to provide some advice on how to score Raiders tickets in the first place.]

The easiest — and also hardest — way to get tickets is to be a big enough high roller that your casino host simply hands them to you when you ask.

Posted on February 24, 2023August 29, 2023 by 888 Casino — 1 Comment

Player or Banker: The History of Baccarat

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.

Posted on February 22, 2023September 14, 2023 by David Mckee — Leave a comment

Caesars hedges on NYC; Buyer’s remorse in Ohio

Although he currently has the frontrunner for a Manhattan casino, Caesars Entertainment CEO Tom Reeg is waffling a bit. Potentially ceding momentum to deep-pocketed rivals like Wynn Resorts and Las Vegas Sands, Reeg said Caesars wouldn’t get into an “arms race,” spending heavily on its Times Square project. Trouble is, if Caesars looks like it’s trying to get something major for little capital input, it risks losing the game. Reeg is playing a similar gambit in Texas, where he openly covets a megaresort but isn’t lifting a finger to get the enabling legislation passed by the Lege. It’s fish or cut bait time and Reeg looks like someone who’d prefer not to fish.

Posted on February 21, 2023August 29, 2023 by Bob Dancer — 8 Comments

How Do I Figure?

I received the following email. It requires more analysis than I normally do without charge for strangers, but since I can get a column out of it, why not?

Posted on February 20, 2023September 26, 2023 by David Mckee — 1 Comment

How the mighty have fallen; Pennsylvania saturated

Pity poor fellow Kelsey Grammer. The superb actor (Boss) and Shakespearean leading man has been reduced to tending bar at an Atlantic City casino. And not some prestigious Boardwalk gambling hall but last-place Golden Nugget. As our East Coast correspondent, who adeptly spotted this ad, puts it: “Guess he didn’t save enough money for retirement, and/or he has a really bad agent that can’t get him better gigs at casinos.” True that.

Posted on February 17, 2023September 18, 2023 by David Mckee — Leave a comment

Atlantic City leaps; DraftKings beats The Street

Gambling revenues in Atlantic City defied the cold last month, surging 15% to $212 million. Borgata, naturally, led the market with $58.5 million, a 20.5% vault. Next up was Hard Rock Atlantic City with $36 million, a 3.5% nudge, followed by Ocean Casino Resort‘s $30.5 million, a moonshot of 26.5%. The Caesars Entertainment threesome all gained–indeed, nobody in town was revenue-negative. Harrah’s Resort was up front with $20 million, a 16% gain. Then came Caesars Atlantic City with $17 million, up 5%, and Tropicana Atlantic City‘s $16 million, a 12% jump. The remaining three were all bunched at the rear, with Bally’s Atlantic City doing $11.5 million (a 31.5% catapult … management must be finally gaining traction), and Golden Nugget and Resorts Atlantic City fighting for last place with $11 million (+5.5% and +20% respectively). All in all, a very encouraging report.

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