Author Archives: David McKee

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Pennsylvania, Michigan cool; Cuban covets Texas casino

Heaven be praised for the coming of 2023, not because 2022 was bad (quite the contrary) but because Wall Street is addicted to measuring this year against 2019, not 2021 … which can be quite crazy-making. By that yardstick, Pennsylvania … Continue reading

Posted in Barstool Sports, BetMGM, Boyd Gaming, Caesars Entertainment, California, Churchill Downs, Cordish Co., Detroit, DraftKings, FanDuel, Florida, Greenwood Racing, Idaho, Illitch Family, Internet gambling, Las Vegas Sands, MGM Resorts International, Michigan, Mohegan Sun, New York, Penn National, Pennsylvania, Politics, Real Estate, Rush Street Gaming, Sports, Sports betting, Steve Wynn, Texas, The Strip, Tilman Fertitta, Wall Street, WInd Creek, Wynn Resorts | 1 Comment

Atlantic City hops; NV regulators take a dive; Vagina monologue

November was a metaphorically warm month for Atlantic City, whose casino revenues grew 4% from last year, reaching $214.5 million. Spoiler alert, Borgata was way out front with $55 million, leaping 14%. Hard Rock Atlantic City dimmed 5% to a … Continue reading

Posted in Atlantic City, Bally, Barstool Sports, BetMGM, Boyd Gaming, Brazil, Caesars Entertainment, Churchill Downs, CQ Holdings, Donald Trump, DraftKings, FanDuel, Florida, Golden Nugget, Hard Rock International, Indiana, Internet gambling, Las Vegas Raiders, Las Vegas Sands, Law enforcement, Lotteries, Louisiana, Macau, Mattress Mack, MGM Resorts International, Michael Gaughan, Missouri, Mohegan Sun, New York, Ocean Resort, Penn National, Pennsylvania, Politics, Puerto Rico, Regulation, Rush Street Gaming, Seminole Tribe, Sports betting, Station Casinos, Tribal, Virginia, Wall Street, Westgate LV, Wisconsin | 2 Comments

Caesars, Penn dimmed; Barstool fined; Card room zinged

Both Caesars Entertainment and Penn Entertainment lost traction yesterday on Wall Street after Bank of America analyst Shaun Kelley downgraded the casino giants. His primary concern was a potential downturn in gaming, due to larger macroeconomic issues, that has yet … Continue reading

Posted in Barstool Sports, Caesars Entertainment, California, Card rooms, Florida, Illinois, Jack Entertainment, M Resort, Ohio, Penn National, Regulation, Seminole Tribe, Sports betting, Wall Street | 1 Comment

Massachusetts leaps; Holiday season in A.C.; Apollo’s new toy

November was good for casinos in Massachusetts, up 6% from last year to a gross of $93 million. Encore Boston Harbor led the way with $59.5 million, an 8% gain. MGM Springfield chipped in $22 million, up 2% despite an … Continue reading

Posted in Apollo Management, Atlantic City, Bally, Barstool Sports, Chicago, Dining, Hard Rock International, Massachusetts, MGM Resorts International, Ocean Resort, Penn National, Real Estate, Regulation, Sexual misconduct, Sports betting, Steve Wynn, Vici Properties, Wall Street, Wynn Resorts | Comments Off on Massachusetts leaps; Holiday season in A.C.; Apollo’s new toy

Indiana flat, Missouri down; Bally’s happy talk; Miller loses it

Casinos in Indiana kept pace with 2021 last month, grossing $196 million. No prizes for guessing who was tops—Hard Rock Northern Indiana with $35.5 million, a 14% leap from the previous November. Horseshoe Hammond fell 16% but hung in there … Continue reading

Posted in AGA, Australia, Bally, Barstool Sports, BetMGM, Boyd Gaming, Caesars Entertainment, Century Casinos, Chicago, China, Colorado, Conventions, DFS, DraftKings, Economy, FanDuel, Genting, Golden Nugget, Hard Rock International, Indiana, International, Internet gambling, Law enforcement, Macau, Missouri, New Jersey, New York, Penn National, Regulation, Sports betting, Star Entertainment, Station Casinos, Tilman Fertitta, Tribal | Comments Off on Indiana flat, Missouri down; Bally’s happy talk; Miller loses it

Illinois, Ohio still firm; Daffy bill in N.Y.; Raiders collapse

November was good for casinos in Ohio and Illinois, both of which posted strong numbers, modestly ahead of last year but—in Ohio’s case—still high heavens above 2019. Fresh off its October dethroning of MGM Northfield Park, rival Hollywood Columbus slipped … Continue reading

Posted in Arizona, Arkansas, Bally, Boyd Gaming, Caesars Entertainment, Churchill Downs, DraftKings, Economy, Eldorado Resorts, Horseracing, Illinois, Jack Entertainment, Japan, Las Vegas Raiders, Las Vegas Sands, Law enforcement, Massachusetts, MGM Resorts International, Nevada, New York, Ohio, Penn National, Politics, Regulation, Resorts World LV, Rush Street Gaming, Service, Sports betting, The Strip, Tourism, Tribal, Wall Street, Wynn Resorts | Comments Off on Illinois, Ohio still firm; Daffy bill in N.Y.; Raiders collapse

Dog & pony show; Snow job in Massachusetts melts

Yesterday’s Hard Rock International road show before the ostensibly investigative Nevada Gaming Control Board played out pretty much as expected. Hard Rock CEO Jim Allen effectively ran out the clock by dwelling on how Hard Rock would make over The … Continue reading

Posted in Atlantic City, BetMGM, Caesars Entertainment, Cirque du Soleil, Connecticut, Dining, Entertainment, Florida, Hard Rock International, Lotteries, Massachusetts, MGM Resorts International, Mohegan Sun, Nevada, North Carolina, Palms, Phil Ruffin, Regulation, San Manuel Band of Mission Indians, Seminole Tribe, South Carolina, Sports betting, The Strip, Tribal, Virgin Hotels, Virginia | Comments Off on Dog & pony show; Snow job in Massachusetts melts

MGM carries Maryland; Steve Wynn, racketeer?

Casino revenues in Maryland continue to trend just a bit favorably, with a 2% increase in November—mostly on the back of one casino—reaching $163.5 million overall. Cordish Cos.’ Maryland Live ceded 2% for a $57 million tally. MGM National Harbor … Continue reading

Posted in Apollo Management, Australia, Barstool Sports, Caesars Entertainment, Cordish Co., Cretins, Golden Gaming, Maryland, Massachusetts, MGM Resorts International, North Las Vegas, Oklahoma, Penn National, Problem gambling, Real Estate, Regulation, Resorts World LV, Sexual misconduct, Sports betting, Star Entertainment, Station Casinos, Steve Wynn, Technology, Texas, The Strip, Tribal, Wynn Resorts | Comments Off on MGM carries Maryland; Steve Wynn, racketeer?

Durango deal done; Apollo snows NV regulators (again)

Making good on a promise and a plan, Station Casinos offloaded 21 acres next to Durango Station (ab0ve) last week for $24 million. Not a bad score. The buyer is Ovation Development Corp., which will help seed Durango’s customer base … Continue reading

Posted in Apollo Management, Caesars Entertainment, Florida, Hard Rock International, history, Las Vegas Raiders, Marketing, Nevada, Real Estate, Regulation, Seminole Tribe, Sports, Sports betting, Station Casinos, The Strip, Wall Street | 4 Comments

MGM: Change partners and dance; 888 TKO’d

It’s Blackstone Group out, Vici Properties in at MGM Grand and Mandalay Bay, as Vici exercised its option over the half (OK, 49.9%) that it didn’t already own. Blackstone is $2.8 billion richer as a result, including $700 million in … Continue reading

Posted in Alabama, Arizona, Atlantic City, Bally, BetMGM, Boyd Gaming, Caesars Entertainment, California, Canada, Conventions, DraftKings, Economy, Election, FanDuel, Florida, Genting, Golden Nugget, Internet gambling, Iowa, Las Vegas Raiders, Las Vegas Sands, Macau, Maryland, MGM Resorts International, Michael Gaughan, Nebraska, Politics, Puerto Rico, Racinos, Real Estate, Regulation, Sports betting, Taxes, Texas, The Strip, Tilman Fertitta, Tourism, Tribal, Vici Properties, Virginia, Wall Street, WInd Creek | Comments Off on MGM: Change partners and dance; 888 TKO’d

Winter in Atlantic City

Borgata is putting its best foot forward for the holiday season, as can be seen here.

Posted in Atlantic City, Bally, Caesars Entertainment, Dining, Golden Nugget, Hard Rock International, Law enforcement, Marketing, MGM Resorts International, Mississippi, Transportation | 1 Comment

Strip flattens, LV locals rebound; Hyatt’s Vegas Dream

That great Las Vegas recovery on the Strip suddenly flattened in October but new signs of vitality were evident in the local-gambler sphere. Las Vegas Strip casinos grossed $706 million, almost dead-even with the year before. Locals-derived win, meanwhile, surged … Continue reading

Posted in Bally, Boulder Strip, California, Chicago, Downtown, Gary Goett, International, Internet gambling, Lake Tahoe, Laughlin, LVCVA, Macau, Maryland, Massachusetts, Mesquite, North Las Vegas, Resorts World LV, Sports betting, The Strip, Transportation, Warner Gaming, Wendover | Comments Off on Strip flattens, LV locals rebound; Hyatt’s Vegas Dream

Risky mandate in Macao; Penn’s problems; Debacle at Mirage

That sowing sound you hear is casino executives from Las Vegas to Hong Kong heaving a gargantuan sigh of relief that all the incumbent gaming concessions in Macao were renewed last weekend, leaving Genting Group still on the outside looking … Continue reading

Posted in Architecture, Barstool Sports, Boyd Gaming, China, Cretins, Downtown, DraftKings, Failsinos, Genting, Health, Macau, MGM Resorts International, New York, Penn National, San Manuel Band of Mission Indians, Sexual misconduct, Sports, Sports betting, Station Casinos, Taxes, The Strip, Tourism, TV, Wall Street | 1 Comment

Coney Island casino?; Mirage volcano scrapped

While New York Mets owner Steve Cohen and Las Vegas Sands continue to dither about how they might, maybe, possibly have something brewing in Flushing, other players—much lower-profile ones—have been making a move. A consortium of the Chickasaw Indians, Saratoga … Continue reading

Posted in Apollo Management, Atlantic City, Bally, Barstool Sports, BetMGM, Caesars Entertainment, Canada, Detroit, DraftKings, FanDuel, Genting, Hard Rock International, Indiana, Las Vegas Sands, Massachusetts, MGM Resorts International, Movies, New York, Penn National, PointsBet, Sexual misconduct, Sports, Sports betting, The Strip, Tribal, Wynn Resorts | 3 Comments

Report from Chicago; Gray Lady in high dudgeon

If you have a bridge in Brooklyn or perhaps some swamp land in Florida, then Oak Street Real Estate Capital would like to hear from you. It just paid $200 million for the site of Bally’s Chicago and $300 million … Continue reading

Posted in AGA, Atlantic City, Bally, Barstool Sports, California, Chicago, Diversity, DraftKings, FanDuel, GLPI, Hard Rock International, Health, Illinois, Internet gambling, Las Vegas Sands, Macau, Marketing, Maryland, Michigan, New Hampshire, New Jersey, New York, North Las Vegas, Penn National, Pennsylvania, Real Estate, Regulation, Rhode Island, Sports betting, Taxes, The Strip, Tourism, Tribal, Virginia, Wall Street, Wynn Resorts | 1 Comment

Atlantic City slumps; Adele hell

Dateline: O’Hare International Airport, land of crappy wi-fi. We’re not back at the office yet but there’s so much news it just can’t wait. Let’s start in Atlantic City, where casino revenues slumped 7% to $220.5 million last month. Everybody … Continue reading

Posted in Apollo Management, Atlantic City, Bally, Barstool Sports, BetMGM, Boyd Gaming, Caesars Entertainment, Century Casinos, Chicago, Churchill Downs, Cordish Co., CQ Holdings, Detroit, DraftKings, Economy, Entertainment, FanDuel, Genting, Golden Gaming, Greenwood Racing, Hard Rock International, Illitch Family, International, Internet gambling, Louisiana, Macau, MGM Resorts International, Missouri, Mohegan Sun, Ocean Resort, Penn National, Pennsylvania, Rush Street Gaming, Sports, Sports betting, Taxes, The Rio, The Strip, United Kingdom, Virginia, WInd Creek, Wynn Resorts | 7 Comments

A winter scene

A family of deer feeds in a Pennsylvania yard. This charming vignette was shared by a generous reader, for which we say ‘Thank you.’

Posted in Animals | 2 Comments

Texas casinos pitched; Gaming snubs economy

We’ll shortly see if newly reelected Texas Gov. Greg Abbott (R) was sincere about being willing to “take a look” at casino gambling in the Lone Star State or if he was stringing Dr. Miriam Adelson along for her money. … Continue reading

Posted in AGA, Economy, Health, Iowa, Las Vegas Sands, Politics, Racinos, Taxes, Texas, Virginia | 1 Comment

Wynn cools Massachusetts; China: “Dance, monkey, dance!”

Casinos in Massachusetts mostly did well last month, especially by pre-pandemic standards (+24%). Unfortunately, none of that lift came from Encore Boston Harbor, which had a disappointing October, down 1% and grossing $62 million. By contrast, MGM Springfield (above) impressed … Continue reading

Posted in Atlantic City, Bally, Baseball, California, China, Galaxy Entertainment, Genting, Hard Rock International, Las Vegas Sands, Macau, Massachusetts, MGM Resorts International, Nevada, Ocean Resort, Ohio, Penn National, Politics, Regulation, Sports betting, Tribal, Wall Street, Wisconsin, Wynn Resorts | 2 Comments

Indiana, what’s up?; Shuberts take on Caesars in NYC

Gaming revenue in Indiana cooled somewhat last month, as casinos banked $207.5 million, a 3% drop from last year, albeit still 16% higher than 2019. (No elaborate 2019 comparisons will be drawn because that year saw two Majestic Star boats … Continue reading

Posted in Bally, Barstool Sports, BetMGM, Boyd Gaming, Caesars Entertainment, California, Card rooms, DraftKings, FanDuel, Full House Resorts, Hard Rock International, Indiana, Las Vegas Raiders, Las Vegas Sands, Nevada, New York, Penn National, Politics, Spectacle Entertainment, Sports, Sports betting, Station Casinos, Tribal, United Kingdom, Wall Street, Wynn Resorts | 1 Comment