Author Archives: David McKee

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Strip clocked, locals stronger; Montana reopens first

Nevada casinos won $618 million in a Covid-19-truncated March, with the Las Vegas Strip leading the plunge with a 46% fall to $300 million. Las Vegas locals play was remarkably strong under the circumstances, down only 20.5%, although that number may … Continue reading

Posted in Atlantic City, Boulder Strip, Boyd Gaming, Donald Trump, Downtown, Economy, Election, Golden Gaming, Health, Internet gambling, Lake Tahoe, Laughlin, Mesquite, Nevada, North Las Vegas, Penn National, Pennsylvania, Reno, The Strip, Wall Street, Wendover, William Hill | Comments Off on Strip clocked, locals stronger; Montana reopens first

Boyd doing well; What price Vegas?

Boyd Gaming posted net revenues of that were down 18% for 1Q20, reflective of mid-March casino closures. JP Morgan analyst Joseph Greff termed the results ones “that reflected relatively strong trends in the first two months of the quarter.” Since … Continue reading

Posted in Boyd Gaming, California, Churchill Downs, Cosmopolitan, Derek Stevens, Downtown, Economy, Hard Rock International, Health, Horseracing, Las Vegas Sands, LVCVA, Macau, Massachusetts, MGM Resorts International, Pennsylvania, Regulation, Resort fees, The Strip, Wall Street, Wynn Resorts | 1 Comment

Quote of the Day

“I don’t want to be in a society where we’re setting up systems for many people to die.”—Stephen Pagliuca, co-chairman of Bain Capital.

Posted in Current, Health | 1 Comment

Las Vegas breakthrough; Shoot the messenger

Las Vegas-based Avidium Labs says it has developed a Covid-19 test that has been validated at laboratories in California and New York. Said CEO Evan Louie, “Our team is diligently working on getting our tests to a wide range of … Continue reading

Posted in Australia, California, Dining, Genting, Health, Idaho, Melco Resorts & Entertainment, Money laundering, Philippines, Resorts World LV, South Korea, Tribal, Wynn Resorts | 1 Comment

Quote of the Day

“Given the way some people are acting in states that have already started easing restrictions—flocking to beaches without maintaining physical distancing, for example—what we really need to ramp up is IQ testing.”—Boston Globe columnist Teresa Hanafin

Posted in Health | Comments Off on Quote of the Day

Sacrificial rites in Las Vegas

Without pointing any fingers of blame, the Coronavirus pandemic has laid bare a feeble testing response and an inability to get a vaccine before the public until year’s end at earliest (which we should have been expecting all along). It’s also … Continue reading

Posted in Caesars Entertainment, Economy, Health, Las Vegas Sands, MGM Resorts International, Phil Ruffin, The Strip, Tourism, TV, Wynn Resorts | 7 Comments

Twin River advances, Maverick retreats; Sands optimistic

Twin River Holdings is now a player in Atlantic City. It must have driven a hard bargain, too, picking up lowly Bally’s for $25 million, mere pocket change. It had Caesars Entertainment and Eldorado Resorts over a barrel, as keeping … Continue reading

Posted in Atlantic City, Caesars Entertainment, Economy, Eldorado Resorts, Health, history, Internet gambling, Lake Tahoe, Las Vegas Sands, Louisiana, Macau, Maverick Gaming, Regulation, Sports betting, Taxes, The Strip, Twin River, Virginia | 1 Comment

MGM: Survey says …; Odds favor Harris for VP

MGM Resorts International wants your opinion … well, some of you anyway. In a survey obtained by Scott Roeben of VitalVegas, Leo the Lion poses an array of questions to Platinum- and Noir-tier customers. As Roeben says, it reveals more than … Continue reading

Posted in Century Casinos, Colorado, Cosmopolitan, Cretins, Derek Stevens, Donald Trump, FanDuel, Health, International, Internet gambling, Japan, Marketing, MGM Resorts International, New Jersey, New York, Politics, Regulation, Sports betting, Wall Street | 3 Comments

Quote of the Day

“We don’t need to be stockpiling toilet paper and hand sanitizer; we need to stockpile patience.”—NBC News correspondent Harry Smith.

Posted in Current | Comments Off on Quote of the Day

Quote of the Day

“Under no circumstance should our disinfectant products be administered into the human body (through injection, ingestion, or any other route).”—Lysol, in response to medical advice dispensed by the White House. Excuse us, we’re going to mainline some Clorox.

Posted in Current, Health | 1 Comment

New opening for ‘Net bets; Goodman still under fire

With gaming reeling—and tax revenues along with it—Internet gambling may start looking more attractive to states that have previously scorned it. Sports betting has taken the lead, with Colorado poised to enter that fray. However, Morgan Stanley analyst Thomas Allen … Continue reading

Posted in Atlantic City, Caesars Entertainment, Colorado, Culinary Union, Economy, Eldorado Resorts, GLPI, Health, Internet gambling, Morris Bailey, Nevada, New Jersey, Oregon, Penn National, Real Estate, Sports betting, Taxes, The Strip, Tilman Fertitta, Tribal, TV, Unite-Here, Wall Street, Wisconsin | Comments Off on New opening for ‘Net bets; Goodman still under fire

Rescue for small casinos; Stitt makes a deal (or two)

If at first you don’t succeed, Bill Miller, try, try again. Persistence for the American Gaming Association prexy paid off with a new set of Small Business Administration rules for Paycheck Protection Program loans that include all business that receive … Continue reading

Posted in AGA, Cantor Gaming, Economy, Las Vegas Sands, Lotteries, Mattress Mack, Oklahoma, Pets, Sports, Sports betting, Texas, The Strip, Tilman Fertitta, Tourism, Transportation, Tribal | Comments Off on Rescue for small casinos; Stitt makes a deal (or two)

Quote of the Day

“Nobody likes to hear this, but it is the truth. We are not living through the final phase of this crisis; we are still at its beginning. We will still have to live with this virus for a long time.”—German Chancellor … Continue reading

Posted in Current, Health | Comments Off on Quote of the Day

Sands shakes off doldrums; MGM sitting pretty

Las Vegas Sands posted a Covid-19 impacted 1Q20. Room rates nudged upward year/year from $263 to $266, at 87% occupancy, resulting in a decline in revenue per available room from $249 to $199. Sands was modestly down at the tables, … Continue reading

Posted in Atlantic City, Baseball, CityCenter, Economy, Health, Japan, Las Vegas Sands, Macau, Maryland, Massachusetts, MGM Resorts International, Ohio, Pennsylvania, Real Estate, Sheldon Adelson, Singapore, Sports, Sports betting, The Strip, Tourism, Wall Street | 2 Comments

Goodman vs. Sisolak, III; Good news for Virgin Hotel

It’s a good thing that stupidity is not contagious or the mayor of Las Vegas would be Patient Zero. Has Carolyn Goodman (I) been sneaking sips of her husband’s martinis? A seemingly inebriated

Posted in Culinary Union, Entertainment, Health, MGM Resorts International, Phil Ruffin, Politics, The Strip, Virgin Hotels, Wynn Resorts | 4 Comments

Quote of the Day

“Carolyn Goodman should resign before lunch arrives today. She is an embarrassment to my hometown.”—Jimmy Kimmel on Her Honor’s train wreck interview with Anderson Cooper.

Posted in Current, Downtown, Health | Comments Off on Quote of the Day

Trimming ship at Mohegan Sun; Tennessee’s bad bet

Slot win at Mohegan Sun was $19.5 million (-62%) last month, while Foxwoods Resort Casino didn’t do quite so well, winning $14 million (-67%) before closing on March 17, as did Mohegan Sun. The silver lining for the tribes is … Continue reading

Posted in Foxwoods, Internet gambling, Mohegan Sun, Penn National, Sports betting, Taxes | Comments Off on Trimming ship at Mohegan Sun; Tennessee’s bad bet

Carnage in Louisiana; Documentary slams MGM

Louisiana casinos grossed $97 million last month, having been closed on March 17. April appears to be a dead loss. Surprisingly, the Baton Rouge market was the least hard-hit although at -58% everything is relative. The 61% statewide plunge compares … Continue reading

Posted in Boyd Gaming, Caesars Entertainment, Charity, Churchill Downs, Dining, Eldorado Resorts, GLPI, Law enforcement, Louisiana, Mandalay Bay Massacre, MGM Resorts International, Movies, Penn National, Sahara, The Strip, Tilman Fertitta | Comments Off on Carnage in Louisiana; Documentary slams MGM

Hornbuckle, Sternlicht send conflicting messages; Virgin is ailing

Add MGM Resorts International to the short list of Las Vegas hoteliers announcing reopening strategies. In a five-minute video presentation, CEO William Hornbuckle summarized many of the company’s charitable efforts during the crisis (bolstered by a $500,000 contribution from Dubai … Continue reading

Posted in Charity, Downtown, Dubai, Economy, Georgia, Health, Marketing, MGM Resorts International, Station Casinos, The Strip, Transportation, Virgin Hotels, Wynn Resorts | 1 Comment

Case Bets

For decades, Pagcor has dabbled in both regulating and running casinos (imagine Caesars Entertainment having disciplinary oversight of the rest of the U.S. casino industry). In recent years it has made intermittent noises about selling off its 47 casinos and … Continue reading

Posted in Entertainment, Hard Rock Hotel, Health, Internet gambling, Philippines, Politics, Regulation, Slot routes, Sports betting, The Rio, Virgin Hotels, Westgate LV | Comments Off on Case Bets