Author Archives: David McKee

About David McKee

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“Standout” at Sands; Station challenges South Point

Despite attenuated revenues of $1.2 billion in the second quarter, Las Vegas Sands was the beneficiary of what one analyst termed “creeping expectations” on Wall Street. Or, as Deutsche Bank‘s Carlo Santarelli put, “we continue to believe LVS represents one of the … Continue reading

Posted in China, Health, International, Las Vegas Sands, Law enforcement, M Resort, Macau, Michael Gaughan, New York, Penn National, Pennsylvania, Real Estate, Security, Singapore, Station Casinos, Tourism, Transportation, Wall Street | 1 Comment

Two Atlantic City casinos to be struck; Pennsylvania’s fuzzy math

Unite-Here quickly ran out of patience with the Golden Nugget and Resorts Atlantic City. 97% of affected membership voted to authorize strikes at both the bottom-feeding casinos if a labor deal can’t be reached before August 1. That still gives … Continue reading

Posted in Atlantic City, Barstool Sports, BetMGM, Boyd Gaming, Caesars Entertainment, Churchill Downs, Cordish Co., DraftKings, Economy, FanDuel, FoxBet, Galaxy Entertainment, Golden Nugget, Greenwood Racing, Internet gambling, Las Vegas Sands, Louisiana, Macau, MGM Resorts International, Michigan, Mohegan Sun, Penn National, Pennsylvania, Rush Street Gaming, Sociedade de Jogos de Macau, Sports betting, Tribal, Unite-Here, Wall Street, WInd Creek | Comments Off on Two Atlantic City casinos to be struck; Pennsylvania’s fuzzy math

Atlantic City strong; Station’s demolition derby; De$anti$ hits jackpot; Mega-Jottings

There’s so much news today we almost don’t know where to begin. But we’ll start with Atlantic City, which reported a 2% increase in casino revenue, to $229 million. Internet gambling and sports betting chipped in another $169 million. One … Continue reading

Posted in Atlantic City, Bally, Barstool Sports, BetMGM, Boulder Strip, Boyd Gaming, Caesars Entertainment, Canada, China, Donald Trump, Dotty's, Downtown, DraftKings, FanDuel, Genting, George Maloof, Golden Nugget, Hard Rock International, Health, International, Internet gambling, Las Vegas Sands, Law enforcement, Macau, MGM Resorts International, Michael Gaughan, Mohegan Sun, North Las Vegas, Ocean Resort, Pennsylvania, Phil Ruffin, Politics, Real Estate, Regulation, Resorts World LV, Sheldon Adelson, Sociedade de Jogos de Macau, Sports, Sports betting, Station Casinos, Steve Wynn, Texas, The Strip, Tribal, United Kingdom, Wall Street, WInd Creek | 1 Comment

Atlantic City notes; MGM Singapore?; Mega-Jottings

Ocean Casino Resort has unveiled its pricey new sports book and our Atlantic City correspondent deems it nothing short of “spectacular! In the center is a circular bar, surrounded by TV screens. There is a set of steps (and elevator) … Continue reading

Posted in Arkansas, Atlantic City, Bally, Detroit, Dining, Entertainment, Genting, Golden Nugget, Hard Rock International, Illitch Family, Las Vegas Sands, Massachusetts, MGM Resorts International, Mohegan Sun, Nebraska, New York, Penn National, Racinos, Real Estate, Singapore, Sports betting, Technology, The Strip, Transportation, Tribal, Unite-Here, West Virginia, Wisconsin, Wynn Resorts | 1 Comment

Insolvency in Macao; Sports betting everywhere

Prior to the current Covid-19 lockdown, casinos in Macao were already engaged in a $600 million/month cash burn, thanks to the China‘s zero-tolerance policy on the disease. That will only get worse now that access to customers has been shut … Continue reading

Posted in Bally, Barstool Sports, BetMGM, Caesars Entertainment, California, China, DraftKings, Economy, Election, FanDuel, Hard Rock International, Health, history, Illinois, Macau, Maryland, Ohio, PointsBet, Regulation, Rush Street Gaming, Sociedade de Jogos de Macau, Sports betting, Tourism, TV, Westgate LV | 1 Comment

Bally’s Chicago stirs skepticism; Vegas locals cooling

It’s not just us who are leery of Bally’s Corp. and its ability to do something unprecedented in its history—swing a $1.7 billion casino in Chicago. The company’s corner-cutting “improvement” of Bally’s Atlantic City does not inspire confidence. Nor does … Continue reading

Posted in Aristocrat, Atlantic City, Australia, Bally, Barstool Sports, BetMGM, Boyd Gaming, Caesars Entertainment, Chicago, Churchill Downs, DraftKings, Economy, FanDuel, Florida, Full House Resorts, Genting, Golden Gaming, Golden Nugget, Hard Rock International, Indiana, Mohegan Sun, New York, Palms, Penn National, Pennsylvania, PointsBet, Rhode Island, Rush Street Gaming, Seminole Tribe, Silverton, Sports betting, Station Casinos, Tribal, Unite-Here, Wall Street, Wynn Resorts | 2 Comments

California Dems rebuff Big Gaming; Icahn irate; Mega-Jottings

California‘s Democratic Party has officially taken sides in the sports-betting ballot race and effectively come down on the side of a tribal/racetrack-driven initiative, going on the record as opposing a rival measure backed by most of the big names in … Continue reading

Posted in Atlantic City, Bally, California, Card rooms, Carl Icahn, Election, Hard Rock International, Internet gambling, New York, Politics, Real Estate, Regulation, Rush Street Gaming, Sports betting, Tribal, Virginia | Comments Off on California Dems rebuff Big Gaming; Icahn irate; Mega-Jottings

Macao is closed; Mixed signals from the Midwest

Effective today, all casinos in Macao have closed, in governmental reaction to a spike in Covid-19 cases. “Only essential businesses like supermarkets, gas stations, and pharmacies will remain open.” In other words, just when you thought things couldn’t get any … Continue reading

Posted in Atlantic City, Bally, Boyd Gaming, Caesars Entertainment, Century Casinos, Chicago, Churchill Downs, Conventions, Cosmopolitan, Crown Resorts, Dining, DraftKings, Hard Rock International, Health, Illinois, International, Las Vegas Sands, Macau, MGM Resorts International, Missouri, Penn National, Sociedade de Jogos de Macau, United Kingdom, Wall Street, Wynn Resorts | Comments Off on Macao is closed; Mixed signals from the Midwest

Ohio shows fatigue; Macao seizes hotels; Abe assassinated

Since it has been outperforming the broader U.S. market for some time now, perhaps we should not be unduly concerned that Ohio casino revenues are down for three months in a row. Indeed, compared to go-go 2019, they’re still arguably … Continue reading

Posted in Atlantic City, Bally, Caesars Entertainment, California, Churchill Downs, Downtown, Economy, Hard Rock International, Health, Jack Entertainment, Japan, Las Vegas Raiders, Las Vegas Sands, Law enforcement, Macau, Melco Resorts & Entertainment, MGM Resorts International, Ohio, Penn National, Pennsylvania, Sexual misconduct, Sociedade de Jogos de Macau, Sports, Station Casinos, The Strip, Tribal, Virginia | 1 Comment

Recovery slowing but still going; Singapore soars

Although gambling revenues in Maryland decelerated somewhat from May, they were still 1% higher than last June and 14% more robust than 2019’s, for a total haul of $163 million. It was basically a two-horse race, with MGM National Harbor … Continue reading

Posted in Arizona, Barstool Sports, BetMGM, Caesars Entertainment, China, Churchill Downs, Cordish Co., Crown Resorts, DraftKings, Entertainment, FanDuel, Golden Gaming, Las Vegas Sands, Law enforcement, Macau, Maryland, MGM Resorts International, Michigan, Mississippi, Penn National, Rush Street Gaming, Singapore, Sports betting, The Strip, Tourism, Tribal, Wall Street, Washington State, Wynn Resorts | 1 Comment

Strip perceives no inflation woe; Union sells out workers health

Truist Securities analyst Barry Jonas recently took a tour of Las Vegas‘ C-suites, meeting with executives of seven companies. He concluded that “Despite market sentiment, operators remain generally positive.” Both the Las Vegas Strip and the recently declining locals market … Continue reading

Posted in Atlantic City, Bally, Chicago, Conventions, Derek Stevens, Economy, G2E, Golden Nugget, Health, Internet gambling, Law enforcement, Missouri, Mohegan Sun, New Jersey, Regulation, Rhode Island, Slot routes, Sports betting, The Strip, Tourism, Unite-Here, United Kingdom, Wall Street | 1 Comment

Atlantic City casinos avert crisis; Congressional absurdity

It was eyeball-to-eyeball and Big Gaming blinked. Faced with probable, heavy losses of business, Borgata—the casino with the most to lose—was first to come to terms with Local 54 of Unite-Here. Terms with most of the majors were reached an … Continue reading

Posted in AGA, Arizona, Atlantic City, Bally, Baseball, Caesars Entertainment, California, Carl Icahn, Chicago, Dining, DraftKings, Entertainment, GLPI, Hard Rock Hotel, International, Internet gambling, Las Vegas Sands, Law enforcement, MGM Resorts International, Ocean Resort, Politics, Real Estate, Rhode Island, Sports betting, The Strip, Tribal, Unite-Here, West Virginia | 1 Comment

Strip carries Nevada; Atlantic City casinos play chicken

Nevada gambling revenues continued to climb in May, up 6% from last year, hitting $1.3 billion. The results were bifurcated, with tourist-dominated markets up and locals ones somewhat down. The Las Vegas Strip was the most obvious beneficiary, jumping 11.5% … Continue reading

Posted in Animals, Bally, Boulder Strip, Caesars Entertainment, California, Card rooms, Chicago, Churchill Downs, Downtown, Economy, Georgia, GLPI, Golden Nugget, Hard Rock International, Horseracing, Lake Tahoe, Laughlin, Law enforcement, Maryland, Mesquite, MGM Resorts International, Mississippi, Mohegan Sun, Money laundering, Nevada, North Las Vegas, Ocean Resort, Real Estate, Regulation, Reno, Rhode Island, Sports betting, The Strip, Unite-Here, Wendover | Comments Off on Strip carries Nevada; Atlantic City casinos play chicken

A’s juiced into Vegas; Greed at the top; Study: Casinos blowing smoke; Industry endorses Hochul

Given that Oakland is well and truly fed up with the sorry Oakland Athletics, and with their pinchpenny ways, relocation to Las Vegas may be just what the doctor ordered. However, the manner in which the exit ramp is being … Continue reading

Posted in Bally, Baseball, California, Charity, Economy, G2E, Genting, Hard Rock International, Health, International, Kazuo Okada, Las Vegas Sands, Macau, MGM Resorts International, Nevada, New Jersey, New York, Palms, Philippines, Politics, Rush Street Gaming, The Strip, Tribal, Wynn Resorts | 1 Comment

Massachusetts upbeat; Station defiant; Atlantic City stalemate

Casinos in the Bay State clocked $91 million in revenue last month, a 5% improvement on last year. Encore Boston Harbor led the tiny pack with $58 million, growing 9.5%. Next up was MGM Springfield, performing surprisingly well. It was … Continue reading

Posted in Atlantic City, Bally, BetMGM, Caesars Entertainment, California, Churchill Downs, Derek Stevens, Economy, Election, Galaxy Entertainment, Golden Nugget, Hard Rock International, Health, Illinois, Indiana, Iowa, Las Vegas Sands, Macau, MGM Resorts International, Missouri, Mohegan Sun, North Carolina, Ocean Resort, Peninsula Pacific, Penn National, Politics, Regulation, Slot routes, Sports betting, Station Casinos, Tourism, Transportation, Tribal, Unite-Here, Wynn Resorts | 1 Comment

“Elvis”: A modern morality tale

According to Baz Luhrmann‘s new biopic Elvis, the protagonist (uncanny Austin Butler) was a falling angel, self-styled Colonel Tom Parker (Tom Hanks) was Satan and Hell is Las Vegas. Such is the narrative trajectory of this epic, which ends with … Continue reading

Posted in Current, history, Movies | 2 Comments

Nasal amputation in Atlantic City; Goodbye, Hawaiian Marketplace

We’re back from vacation at last and pick up where we left: Atlantic City. The drop-dead date for contract talks (basically July 1, a full month past the expiry of the collective bargaining agreement) is drawing nigh and no progress … Continue reading

Posted in Atlantic City, Bally, BetMGM, Caesars Entertainment, Dining, Entertainment, FanDuel, Golden Nugget, Internet gambling, Kazuo Okada, Macau, Marketing, MGM Resorts International, Michigan, Pennsylvania, Philippines, Real Estate, Taxes, Technology, Texas, The Strip, Tilman Fertitta, Tribal, Unite-Here | Comments Off on Nasal amputation in Atlantic City; Goodbye, Hawaiian Marketplace

Atlantic City booms on eve of strike; Louisiana not so lucky

Staring down a seemingly inevitable strike on July 1 by Unite-Here, casinos in Atlantic City could at least take solace in a May that saw gaming revenues leapfrog 9% over last year. The total gross was $233 million, as slot … Continue reading

Posted in Architecture, Atlantic City, Australia, Bally, Barstool Sports, BetMGM, Boyd Gaming, Caesars Entertainment, California, Churchill Downs, Cordish Co., CQ Holdings, Crown Resorts, Dining, Downtown, DraftKings, FanDuel, FoxBet, Golden Nugget, Greenwood Racing, Hard Rock International, Internet gambling, Louisiana, Marketing, MGM Resorts International, Michigan, Mohegan Sun, Ocean Resort, Penn National, Pennsylvania, Rush Street Gaming, Sports betting, Tamares Group, Texas, Tourism, Tribal, TV, Unite-Here | 1 Comment

Special Edition

So we leave on vacation (I checked into the Westin O’Hare and didn’t leave the building for three and half days) and all hell breaks loose in Big Gaming. The breaking story was MGM Resorts International‘s decision to shuck Gold … Continue reading

Posted in Atlantic City, Australia, Bally, Barstool Sports, BetMGM, Boyd Gaming, Caesars Entertainment, California, Century Casinos, Cordish Co., Crown Resorts, DraftKings, FanDuel, Full House Resorts, Gary Goett, Hard Rock International, Illinois, Indiana, International, Internet gambling, Japan, Macau, MGM Resorts International, Mississippi, Missouri, New York, Oklahoma, Penn National, PointsBet, Rush Street Gaming, Sociedade de Jogos de Macau, Sports betting, Tribal, Unite-Here | 2 Comments

Programming note

We’re on vacation in Michigan until June 23, necessitating a hiatus in S&G programming. I’ll try to check in with you from time to time. In the meanwhile, check CDC Gaming Reports for the latest and greatest in the industry. … Continue reading

Posted in Current | Comments Off on Programming note