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- Ray Lebowski on Sibella scandal spreads; Supremes forestall Seminoles
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Author Archives: David McKee
MGM’s past distinguished, future cloudy; Broken Winds
Yesterday, while noting MGM Resorts International CEO Jim Murren‘s impending departure, we were remiss in noting some of his accomplishments. On Murren’s 2008-20 watch, the company became synonymous with diversity, environmentalism, LEED certification and community outreach. With becoming modesty, Murren … Continue reading
Posted in Caesars Entertainment, Charity, Churchill Downs, Connecticut, Dining, Diversity, Eldorado Resorts, Environment, Foxwoods, Japan, Kentucky, Macau, Marijuana, Maverick Gaming, MGM Resorts International, Mohegan Sun, Penn National, Pennsylvania, Racinos, Regulation, Sports betting, Tribal, Wall Street, Washington State, Wynn Resorts
1 Comment
Quote of the Day
“There were guns in Out of the Past, but the real hostility came when Robert Mitchum and Kirk Douglas smoked at each other.”—Roger Ebert, on the quintessential film noir.
Posted in Movies
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Atlantic City looking good; Murren calls it quits
An extra weekend day helped nudge Atlantic City casinos up 8% last month, for a $192 million gross. Tables were relatively sluggish (+1%) but slots were hot (+11%). Borgata gained 8.5% on the strength of 4.5% more table win—despite 3% … Continue reading
Posted in Atlantic City, Caesars Entertainment, China, CityCenter, Conventions, Detroit, Eldorado Resorts, Hard Rock International, Health, Internet gambling, Japan, Maryland, Massachusetts, MGM Resorts International, Mississippi, Mohegan Sun, Morris Bailey, Nevada, New Jersey, New York, Ocean Resort, Ohio, Sports, Sports betting, Technology, The Strip, Tilman Fertitta, Wall Street
3 Comments
Politicians play casino games
Crusty Maine Gov. Janet Mills (D) eked out a victory on sports betting when a veto-override vote in the Maine House of Representatives fell short of a two-thirds majority. The prudish Mills changed her message from an anti-gambling one to … Continue reading
Posted in Churchill Downs, Culinary Union, Donald Trump, Election, Galaxy Entertainment, Genting, Health, International, Iowa, Las Vegas Sands, Law enforcement, Macau, Maine, Nebraska, Nevada, New Hampshire, Penn National, Politics, Problem gambling, Singapore, Sports betting
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New deadline for Oklahoma; Nevada casinos notch new high
Chief U.S. District Judge Timothy DeGiusti has placed the ball on compact renewal squarely back in Oklahoma‘s court. However, he has—to mix metaphors—split the baby quite fairly. And he’s given everyone a ticking clock to make a deal. Both sides are to … Continue reading
Slick Rick cries foul; Re-enter the (former) Dragon
Everybody’s favorite rogue gaming operator, Rick Heidner, is suing the Illinois Gaming Board for an alleged data breach. Heidner charges that “their personal and sensitive financial information was intentionally and illegally leaked by an IGB employee … resulting in significant financial … Continue reading
Posted in Culinary Union, Donald Trump, Downtown, Election, Health, Illinois, Lucky Dragon, Nevada, Regulation, Scientific Games, Transportation
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Quote of the Day
“Here’s the thing about reconciliation: It has a power that is the antithesis of political power, which in reality is no power at all.”—Cal Thomas, conservative columnist and host of the National Prayer Breakfast media dinner.
Posted in Politics
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Pritzker whistles past graveyard, Ivey more cautious
Casino revenue in Illinois last year was down 1.5% from 2018—and 17% from 2012, the seventh consecutive year of declines. Despite this empirical evidence, Gov. J.B. Pritzker (D) and his commissars for optimism remain hellbent on casino expansion, believing that … Continue reading
Posted in Alabama, Election, Health, Illinois, Law enforcement, Lotteries, Louisiana, Missouri, Penn National, Politics, Slot routes, Taxes, Tribal
1 Comment
The new China syndrome
Junket operators and gaming companies in Macao are donating $22.5 million to help find a coronavirus cure. Good on them. Would that we could say half that about the government of China, which has bungled a localized virus into a … Continue reading
Posted in Caesars Entertainment, China, CityCenter, Election, Entertainment, Health, Japan, Las Vegas Sands, Louisiana, Macau, Nevada, Oklahoma, Penn National, Rush Street Gaming, South Korea, Sports, Sports betting, The Strip, Tribal, Wynn Resorts
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Quote of the Day
“Diets usually leave a person aggravated, discouraged, and the same size.”—Amy Lanou
Posted in Dining
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Boom in the Rust Belt
You’d be forgiven if you did a double take upon seeing the latest casino-revenue numbers out of the Midwest. Business is up—to sometimes-unprecedented degrees. Take Ohio, for instance. It’s always a casino-friendly state … but a 19% upsurge in revenue? … Continue reading
Posted in Boyd Gaming, Caesars Entertainment, Churchill Downs, Dan Gilbert, DraftKings, Economy, Eldorado Resorts, FanDuel, Full House Resorts, GLPI, Hard Rock International, Illinois, Indiana, MGM Resorts International, Missouri, Ohio, Penn National, Racinos, Rush Street Gaming, Spectacle Entertainment, Sports betting
2 Comments
DFS dealt major setback; Mills is grist
Daily fantasy sports was dealt a major setback when a New York State court ruled it unlawful. It was deemed that the Lege had exceeded its remit by classifying DFS as a game of skill, not of chance. New York … Continue reading
Posted in Affinity Gaming, Churchill Downs, Connecticut, Crown Resorts, Detroit, DFS, Diversity, DraftKings, FanDuel, Foxwoods, International, Las Vegas Sands, Lotteries, Maine, Melco Resorts & Entertainment, MGM Resorts International, Mohegan Sun, Nevada, New Hampshire, New Jersey, New York, Penn National, Politics, Problem gambling, Regulation, Sports betting, Technology
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“The fix is in”; MGM’s youth movement
Hard Rock International CEO Jim Allen is trying to have it both ways in Greece, saying that Mohegan Gaming & Entertainment hasn’t been awarded the Hellenikon casino concession but that “the fix is in.” Well, is it or isn’t it? … Continue reading
Posted in Atlantic City, Australia, Boyd Gaming, Canada, Crown Resorts, Diversity, DraftKings, Economy, Hard Rock International, Health, International, Japan, Las Vegas Sands, Lawrence Ho, Lucky Dragon, Macau, MGM Resorts International, Mohegan Sun, Money laundering, Movies, Ocean Resort, Pennsylvania, PokerStars, Singapore, Sports betting, The Strip, Twin River, Wall Street, Wynn Resorts
1 Comment
Weak quarter at Wynn, worse to come
Wynn Resorts remains our top story today. It missed fourth-quarter cash-flow projections by 4%, partly due to mediocre high-end play in Macao, although the mass-market trade was better (up 4% but lagging the Macanese industry’s 8% gain). Wynn Palace underperformed … Continue reading
Posted in China, DraftKings, Health, Law enforcement, Macau, Massachusetts, MGM Resorts International, South Korea, Sports, Sports betting, The Strip, TV, Wall Street, Wynn Resorts
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Tramway to Encore; Pennsylvania pony pennies pinched
A gondola ride from Everett City Hall to Encore Boston Harbor? It could happen. Everett Mayor Carlo DeMaria has applied for a $200,000 study grant so that the city can look into the feasibility. He’s picking up the ball from Wynn … Continue reading
Quote of the Day
“Any man who can drive safely while kissing a pretty girl is simply not giving the kiss the attention it deserves.”—Albert Einstein
Posted in Entertainment
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Billboards in the eye of the beholder; Betting on Trump
One of the greatest scourges of drivers in Las Vegas is mobile billboards, 79 of which tool up and down the Strip. It’s been a nuisance for years but something might finally be done about it, now that the casino … Continue reading
Posted in Canada, DraftKings, Election, Politics, Regulation, The Strip
1 Comment
Penn looking good; From the police blotter
Penn National Gaming reported 4Q19 revenues that aligned with Wall Street projections, with cash flow modestly higher than expected “on a combination of better operations and lower than forecast corporate expenses.” JP Morgan analyst Joseph Greff said that Penn was … Continue reading
Posted in Century Casinos, Colorado, Cretins, Derek Stevens, Florida, Horseracing, Iowa, Law enforcement, Money laundering, Penn National, Pennsylvania, Politics, Regulation, Slot routes, Sports betting, Technology, The Strip, Virginia, Wall Street
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MGM, Cordish boom in Maryland; Here come the robots
Turns out the Maryland market hasn’t quite been saturated, after all. January saw 6% growth in gambling revenue, led by MGM National Harbor‘s $58.5 million (+4%). Slots at MGM were up 10% but table win down 2%. MGM had 40% … Continue reading
Posted in Caesars Entertainment, China, Churchill Downs, Cordish Co., Entertainment, Golden Gaming, Japan, Maryland, MGM Resorts International, Movies, Ohio, Penn National, Planet Hollywood, Technology, The Strip, West Virginia
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