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- David McKee on Sibella scandal spreads; Supremes forestall Seminoles
- Ray Lebowski on Sibella scandal spreads; Supremes forestall Seminoles
- David McKee on MGM crippled; Illinois & Indiana report; Bally’s shaky in Chi
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Author Archives: David McKee
Illinois springs to life while Ohio erupts; Mohegan Sun jilted twice over
Stop the presses! Illinois casinos actually outperformed 2019 last month by 4%. That’s downright miraculous. They grossed $120 million, led by Rivers Casino Des Plaines‘ $47.5 million, a 28% vault. Harrah’s Joliet was a distant second with $14.5 million (-1%), … Continue reading
Posted in AGA, Arizona, Arkansas, Bally, BetMGM, Boulder Strip, Boyd Gaming, Caesars Entertainment, Century Casinos, Churchill Downs, DraftKings, G2E, Genting, Greenwood Racing, Hard Rock International, Health, Illinois, Internet gambling, Jack Entertainment, Japan, MGM Resorts International, Michigan, Missouri, Mohegan Sun, New Jersey, New York, Ohio, Penn National, Sports betting, Steve Wynn, The Rio, The Strip, Tribal, Wynn Resorts
4 Comments
Open season in New York; Ohio, Missouri boom; Scientific baffles
Rather than face (well-deserved) impeachment, New York State Gov. Andrew Cuomo (D) resigned in disgrace today. Which happened to coincide with the disclosure of the companies which have applied to be online sports betting provider(s) for the Empire State. Cuomo’s … Continue reading
Posted in Atlantic City, BetMGM, Boyd Gaming, Caesars Entertainment, DraftKings, FanDuel, Florida, FoxBet, Genting, Golden Gaming, Golden Nugget, Hard Rock International, Horseracing, Internet gambling, Las Vegas Sands, Lotteries, MGM Resorts International, Missouri, New York, Ocean Resort, Ohio, Penn National, Pennsylvania, PointsBet, Politics, Rush Street Gaming, Scientific Games, Seminole Tribe, Sexual misconduct, Slot routes, Sports betting, Wall Street, William Hill, Wynn Resorts
Comments Off on Open season in New York; Ohio, Missouri boom; Scientific baffles
Florida compact sneaks into effect; DraftKings buys out Fertitta
Secretary of the Interior Deb Haaland has jumped the shark. Her department has wisely-washily neither confirmed nor denied the controversial Seminole Tribe compact with the state of Florida, one that gives the Seminoles control over sports betting in the state. … Continue reading
Posted in Arizona, BetMGM, California, Culinary Union, DraftKings, FanDuel, Florida, Golden Nugget, Health, Internet gambling, Marketing, MGM Resorts International, New Jersey, New York, Penn National, Pennsylvania, Politics, Regulation, Seminole Tribe, Sports, Sports betting, Taxes, Texas, The Strip, Tilman Fertitta, Tribal, Wall Street, Wynn Resorts
1 Comment
Wynn “strong” this summer; MGM returning to form
Wynn Resorts released 2Q21 results yesterday and JP Morgan analyst Joseph Greff called them “strong” in both Las Vegas and Boston. In Macao, eh, not so much. He began by saying “results by region unsurprisingly reflect differences in vaccination rates … Continue reading
Monster monopoly on the Strip?; Caesars wows Wall Street
In a deal that Nevada regulators would block if they had an ounce of spine, MGM Growth Properties proposes to sell itself to Vici Properties, which would put nearly all the prime land on the Las Vegas Strip under one … Continue reading
Posted in Atlantic City, Caesars Entertainment, Cirque du Soleil, CityCenter, Conventions, Dining, Illinois, Indiana, International, Internet gambling, Louisiana, Massachusetts, MGM Resorts International, Missouri, Nebraska, Politics, Real Estate, Regulation, Sports betting, Tennessee, The Rio, The Strip, Vici Properties, Wall Street, William Hill
1 Comment
MGM does the right thing; Killer chipmunks in Lake Tahoe
In a very george move, MGM Resorts International is donating two acres of Strip land to be the site of a memorial to the victims of the Mandalay Bay Massacre. The acreage, at the corner of Reno Avenue and Giles … Continue reading
Posted in Australia, Bally, Baseball, Caesars Entertainment, Charity, Crown Resorts, Dining, Economy, GLPI, Health, Iowa, Lake Tahoe, Las Vegas Sands, Macau, Mandalay Bay Massacre, MGM Resorts International, Minnesota, North Carolina, Sociedade de Jogos de Macau, Sports betting, Taxes, The Strip, Tribal, Virginia, Wall Street, Wynn Resorts
1 Comment
Masks back on, Las Vegas!; All’s right with the REITs
Mincing few words, MGM Resorts International CEO Bill Hornbuckle sent a letter to all employees, urging them to quit dithering and get their Covid-19 vaccinations, if they haven’t already. He pleaded, “In addition to the heart-wrenching thought of more illness … Continue reading
Posted in Bally, BetMGM, Boulder Strip, Boyd Gaming, Caesars Entertainment, Charity, Churchill Downs, Conventions, Delaware, Derek Stevens, Dining, Economy, GLPI, Health, history, Indiana, Kentucky, Lake Tahoe, Las Vegas Sands, Laughlin, Maryland, MGM Resorts International, Mississippi, Nevada, North Las Vegas, Penn National, Real Estate, Resorts World LV, Singapore, Sports betting, The Strip, Tribal, Wall Street
3 Comments
Station hits records, drops hints; Strip suffers mild setback
Station Casinos announced 2Q21 earnings yesterday and “blows through” previous peaks, according to Deutsche Bank analyst Carlo Santarelli. Despite expiration of the management contract at Graton Rancheria, Station recorded record levels of net revenue ($426.5 million) and cash flow ($210 … Continue reading
Boyd beats The Street but charts cautious course
“Massive beat” and “exceptional” results were some of the terms being bandied about after yesterday’s Boyd Gaming 2Q21 earnings call. Wall Street expected $803 million in revenue and Boyd delivered $896.5 million, while profit margins at its Las Vegas locals … Continue reading
Caesars massacres table games, renames Superdome; Bally’s boffo
At the risk of flogging a deceased equine, the emperor at Caesars Entertainment has yet again showed himself to be without clothes. The latest Eldorado-ization of the Roman Empire is the wholesale slaughter of table games along the Las Vegas … Continue reading
Posted in Atlantic City, Australia, Bally, Caesars Entertainment, Crown Resorts, Dining, Eldorado Resorts, Fontainebleau, Hard Rock International, Illinois, Jack Entertainment, Louisiana, Macau, Maryland, MGM Resorts International, Regulation, Resorts World LV, Rush Street Gaming, Sports, Taxes, The Strip, Virginia, Wall Street, Wynn Resorts
5 Comments
‘ElDiablo’ rides again; Sports betting on the verge in Massachusetts
Last week, Vegas Message Board hosted a lengthy, detailed and impassioned screed from a self-professed Seven Stars member about a recent trip to Las Vegas and stay with Caesars Entertainment. First, the good news: the player host was extremely obliging, … Continue reading
LV Sands overpromises, underdeliver; Court to Station: Unionize!
Shares of Las Vegas Sands traded down yesterday after the company missed its second-quarter estimates. Wall Street expected cash flow of $290.5 million and LVS delivered $244 million, a significant shortfall. (Mind you, Sands no longer reports earnings from Venelazzo.) … Continue reading
Posted in China, Culinary Union, Florida, Health, Internet gambling, Japan, Las Vegas Sands, Macau, Seminole Tribe, Singapore, Station Casinos, Texas, Tourism, Wall Street
1 Comment
Real estate frenzy on the Strip; Barrack busted; Masks redux
Setting foot inside Aztec Inn Casino is not for the faint of heart. But its owners think they’re sitting on a gold mine. It and a gaggle of properties that includes Golden Skull Tattoo and Diversity Tattoo is on the … Continue reading
Massachusetts stumbles, Louisiana cruises; Big blunder at Circa
Shazam! Massachusetts casino revenues for June were $84 million, 67% higher than 2019. But wait … as Deutsche Bank analyst Carlo Santarelli points out, Encore Boston Harbor wasn’t operational two years ago (it debuted on June 23, 2019), so on … Continue reading
Posted in Atlantic City, Australia, Boyd Gaming, Caesars Entertainment, California, Century Casinos, Churchill Downs, CQ Holdings, Derek Stevens, DFS, DraftKings, Economy, Golden Gaming, Health, Internet gambling, Laughlin, Louisiana, Massachusetts, MGM Resorts International, Missouri, Nevada, Penn National, Pennsylvania, Sports, Sports betting, TV, Westgate LV, Wynn Resorts
1 Comment
Indiana, Missouri stay strong; Mixed feelings about buffets
Casino winnings in Indiana came up just a few increments short of $200 million last month, a 13% gain on 2019. Hard Rock Gary came out of the blocks fast, grossing $26 million, although Horseshoe Hammond climbed 7% to retain … Continue reading
Posted in AGA, Bally, Boyd Gaming, Caesars Entertainment, Churchill Downs, Dining, DraftKings, Entertainment, FanDuel, Full House Resorts, Health, Indiana, Internet gambling, Louisiana, Michael Gaughan, Missouri, New Jersey, Penn National, Pennsylvania, Philippines, PointsBet, Politics, Rush Street Gaming, Sports, Sports betting, William Hill, Wynn Resorts
1 Comment
Nevada conventions healthy, Nevadans not so much
Tourism to Las Vegas in May was 12% higher than April and June should continue the climb, even if long-awaited World of Concrete was a flop (one-sixth of the expected attendance). Next up was the Nightclub & Bar Show, which … Continue reading
CityCenter sale applauded; DraftKings sued twice over
Deutsche Bank analyst Carlo Santarelli took a gander at the terms of MGM Resorts International‘s purchase/re-sale of Aria and Vdara, and liked what he saw. He reaffirmed his “buy” rating on MGM shares, with a price target of $54. He … Continue reading
Posted in BetMGM, Boyd Gaming, Caesars Entertainment, CityCenter, Cretins, DraftKings, Dubai, Election, FanDuel, Health, Iowa, LVCVA, MGM Resorts International, Nevada, New Jersey, Peninsula Pacific, Penn National, Resorts World LV, Rush Street Gaming, Sports betting, The Strip, Virginia, Wall Street, William Hill
1 Comment