Category Archives: AGA

Bellagio sold again; Atlantic City sob story; Trump busted

It’s getting very difficult to tell the players without a scorecard in the game of the REIT-ification of the Las Vegas Strip. Case in point, Bellagio, which now has three owners. There’s MGM Resorts International, which holds a token 5% … Continue reading

Posted in AGA, Atlantic City, Bally, Caesars Entertainment, Churchill Downs, Donald Trump, Foxwoods, Golden Nugget, Hard Rock International, Indiana, International, Internet gambling, Iowa, Law enforcement, Macau, Melco Resorts & Entertainment, MGM Resorts International, Mohegan Sun, Movies, Nebraska, New Jersey, Ocean Resort, Racinos, Real Estate, Regulation, Security, Slot routes, Sports betting, Taxes, Technology, The Strip | 1 Comment

Macao powers Wynn; Indiana down, Missouri flat

Sounding pleased with Wynn Resorts (“Upside across the board”), J.P. Morgan analyst Joseph Greff lauded its 2Q23 performance as “solid,” without budging from his “Overweight” rating or $142/share price target. That’s despite Wynn blowing past Greff’s cash-flow estimates for Macao, … Continue reading

Posted in AGA, Bally, Barstool Sports, BetMGM, Boyd Gaming, Caesars Entertainment, Canada, Century Casinos, Dining, DraftKings, FanDuel, Full House Resorts, Genting, Hard Rock International, Health, Illinois, Indiana, Internet gambling, Macau, Massachusetts, MGM Resorts International, Missouri, New York, Penn National, PointsBet, Problem gambling, Rush Street Gaming, Sports, Sports betting, Station Casinos, The Strip, Tribal, Wall Street, Wynn Resorts | Comments Off on Macao powers Wynn; Indiana down, Missouri flat

Silence of the ponies; New boss for Virgin, new Mirage hope

Kentucky Derby fallout continues to reverberate around Churchill Downs, leading to a 2Q23 earnings miss. A mass die-off of horses during the Run for the Roses caused the flagship track to be closed and races shifted to Ellis Park. Cash … Continue reading

Posted in AGA, Atlantic City, Century Casinos, Churchill Downs, Cordish Co., Fontainebleau, Greenwood Racing, Hard Rock Hotel, Hard Rock International, Health, history, Horseracing, Kentucky, Louisiana, Marketing, Maryland, Mohegan Sun, North Carolina, Politics, South Korea, Sports betting, The Strip, Tribal, Virgin Hotels, Virginia, Wall Street | 1 Comment

Big Gaming gets its chain yanked, not always unfairly

We apologize for the dearth of hard news lately. Compounding a two-week vacation with the Fourth of July holiday hasn’t been good for keeping you, dear reader, in the loop. This week in particular has been so slow it’s practically … Continue reading

Posted in AGA, Arizona, Bally, Caesars Entertainment, Churchill Downs, Cordish Co., Florida, G2E, Golden Gaming, Health, history, Internet gambling, Maryland, MGM Resorts International, New Hampshire, New Jersey, Pennsylvania, Problem gambling, Regulation, Rhode Island, Seminole Tribe, Sports betting, Taxes, Vermont | Comments Off on Big Gaming gets its chain yanked, not always unfairly

Las Vegas: Strip up, locals down; God comes to Vegas

Gambling revenue from Nevada locals players dipped 2% last month. Now, before anyone shrieks “Recession!” or looks for the sky to fall, be it noted that we’re still streets ahead of 2019, which was the go-go ‘new normal.’ If, as … Continue reading

Posted in AGA, Boulder Strip, Boyd Gaming, Derek Stevens, Diversity, Downtown, G2E, history, International, Lake Tahoe, Laughlin, Mesquite, North Las Vegas, Reno, Scientific Games, Singapore, Steve Wynn, Tamares Group, The Strip, Wall Street | 1 Comment

Massachusetts up, Indiana, Louisiana down; Miller’s folly

Gambling revenues nudged upward a bit in Massachusetts, rising 2% from a year earlier. April’s numbers had Encore Boston Harbor far in the lead with $64 million but flat year/year. MGM Springfield (shown) had quite a good month, up 5% … Continue reading

Posted in AGA, Bally, Barstool Sports, Baseball, BetMGM, Boyd Gaming, Caesars Entertainment, Churchill Downs, CQ Holdings, Culinary Union, DraftKings, Entertainment, FanDuel, Full House Resorts, Genting, Golden Nugget, Hard Rock International, Health, Indiana, International, Internet gambling, Law enforcement, Louisiana, Massachusetts, MGM Resorts International, New York, Penn National, PointsBet, Rush Street Gaming, Sports betting, Station Casinos, The Strip, Tribal, United Kingdom, Wynn Resorts | Comments Off on Massachusetts up, Indiana, Louisiana down; Miller’s folly

Storm in Atlantic City; Big trouble for sports betting

All was not sunny at Borgata last weekend. Our Atlantic City correspondent writes, “When we were driving back to Borgata, heavy rain started. As we pulled into MGM valet intake the wind was getting stronger. The luggage carts were starting … Continue reading

Posted in AGA, Atlantic City, Bally, Caesars Entertainment, California, Colorado, Cretins, Diversity, DraftKings, Entertainment, Golden Nugget, Hard Rock International, IGT, Illinois, International, Las Vegas Sands, Marijuana, Marketing, Maryland, Massachusetts, MGM Resorts International, Michigan, New Jersey, Penn National, Politics, Problem gambling, Regulation, Reno, Singapore, Sports betting, Tribal, Virginia | 2 Comments

Big month for Strip; Miller’s rapid response; Titus time

Gambling grosses were ultra-boffo on the Las Vegas Strip last month, up 19% over the year previous and leaving 2019 in the dust, +25%. Locals casinos didn’t fare too badly, either if not as spectacularly as their Strip brethren: up … Continue reading

Posted in AGA, Bally, Baseball, Boulder Strip, Caesars Entertainment, California, Charity, Downtown, Election, Jack Binion, Lake Tahoe, Laughlin, Lotteries, Marketing, Mesquite, Nevada, North Las Vegas, Politics, Problem gambling, Regulation, Reno, San Manuel Band of Mission Indians, Sports betting, Taxes, The Strip, Tourism, Transportation, Tribal, United Kingdom, William Hill | Comments Off on Big month for Strip; Miller’s rapid response; Titus time

Atlantic City up, Louisiana down; Steve Wynn’s revenge

Gambling revenues inched upward in New Jersey, plus 1% statewide, mainly driven by Internet casinos (+9%). In Atlantic City, slot winnings rose 3.5% to ($159 million) on 4% more coin-in but tables slipped 4.5% to $54 million as wagering dipped … Continue reading

Posted in AGA, Atlantic City, Bally, Barstool Sports, BetMGM, Boyd Gaming, Caesars Entertainment, Carl Icahn, Chicago, China, Churchill Downs, Columbia Sussex, Conventions, CQ Holdings, DraftKings, Election, FanDuel, Golden Nugget, Hard Rock International, Illinois, Illitch Family, Internet gambling, Kentucky, Law enforcement, Louisiana, MGM Resorts International, Mohegan Sun, Neil Bluhm, New Jersey, Ocean Resort, Penn National, PointsBet, Politics, Rush Street Gaming, Slot routes, Sports betting, Steve Wynn, The Strip, Tourism, Unite-Here, Wall Street, Wynn Resorts | Comments Off on Atlantic City up, Louisiana down; Steve Wynn’s revenge

Massachusetts booms; Know your enemy

January was very, very good for Massachusetts casinos, which raked in $97 million, pretty darn good for a state with only three gambling halls and a 17.5% leap over last year. The biggest overachiever was Plainridge Park, vaulting 24% to … Continue reading

Posted in AGA, Atlantic City, Cosmopolitan, Culinary Union, Massachusetts, MGM Resorts International, Nevada, Penn National, Politics, Regulation, Resort fees, Wynn Resorts | 1 Comment

Sports betting backlash; Indiana, Missouri rebound

When we were penning the editor’s note for the February issue of Casino Life, we predicted that overkill in sports betting marketing was ripe to bring a backlash. But it happened sooner than we ever expected. Now we don’t know … Continue reading

Posted in AGA, Bally, Barstool Sports, Boyd Gaming, Caesars Entertainment, Century Casinos, DraftKings, FanDuel, Full House Resorts, Hard Rock International, Illinois, Indiana, Maine, Marketing, Massachusetts, Missouri, New Jersey, Penn National, PointsBet, Politics, Problem gambling, Regulation, Resorts World LV, Rush Street Gaming, Sports betting, The Strip | Comments Off on Sports betting backlash; Indiana, Missouri rebound

The tax that ate Las Vegas; Dr. King misremembered

A horrible idea for the taxpayer, the economy and for gaming in particular has been resurrected in Congress. Yes, it’s the “national sales tax,” which would lay a double-digit impost on all goods and services, and which only could be … Continue reading

Posted in AGA, Cretins, DraftKings, Economy, history, Marketing, Michael Gaughan, Movies, Nevada, Politics, Station Casinos, Taxes | 2 Comments

Christmas wishes

It’s time to reward those who have been nice and offer appropriate gifts to the naughty. So, without further ado, we play Santa Claus to the casino industry …

Posted in AGA, Alabama, Alex Meruelo, Atlantic City, Bally, Barstool Sports, Boyd Gaming, Caesars Entertainment, California, Card rooms, Chicago, China, Crown Resorts, Culinary Union, Dan Lee, Derek Stevens, Downtown, DraftKings, Fontainebleau, Full House Resorts, Genting, Georgia, Hard Rock International, James Packer, Japan, Kazuo Okada, Las Vegas Sands, Macau, Massachusetts, Mattress Mack, MGM Resorts International, Michael Gaughan, Missouri, Moulin Rouge, Movies, Nevada, New York, Oklahoma, Pahrump, Palms, Penn National, Phil Ruffin, Politics, Real Estate, Regulation, Resort fees, Resorts World LV, Sahara, Scott Butera, Sports betting, Star Entertainment, Station Casinos, Steve Wynn, The Rio, The Strip, Tilman Fertitta | Comments Off on Christmas wishes

Christmas on the Boardwalk; Miller smacks Gray Lady

We begin today with kudos to a non-casino entrepreneur, Bart Blatstein, who has erected a 150-foot Christmas tree in front of the Showboat. It’s said to be the first large-scale tree in Boardwalk history. Thank you, sir. And to get … Continue reading

Posted in AGA, Atlantic City, Bally, Barstool Sports, Caesars Entertainment, Dining, Golden Nugget, Indiana, Politics, Problem gambling, West Virginia | 3 Comments

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

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

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

Atlantic City slideshow & sideshow; Mega-Jottings

Something different today from the Boardwalk: A first glimpse of new-look Caesars Atlantic City. That $400 million in capex reinvestment didn’t go to waste. There’s now a Nobu (above) and a Hell’s Kitchen (below), “both high-quality work and high prices,” … Continue reading

Posted in AGA, Atlantic City, Bally, BetMGM, Caesars Entertainment, Cordish Co., Dining, Economy, Election, Entertainment, Internet gambling, Law enforcement, Lotteries, Michigan, Nevada, New Jersey, Pennsylvania, Sports | 2 Comments

Atlantic City sexism and other capers; Falling Star

While we have no definitive idea whether Ocean Casino Resort CEO Bill Callahan is a male chauvinist pig, he certainly presents a convincing set of credentials in a Global Gaming Business puff piece. Never mind the efforts of predecessor Terry … Continue reading

Posted in AGA, Atlantic City, Australia, Bally, Caesars Entertainment, Crown Resorts, Failsinos, Health, Illitch Family, Macau, MGM Resorts International, Money laundering, Ocean Resort, Regulation, Star Entertainment, The Mob, The Strip | 6 Comments

Vegas insanity; Penn’s bad boy; Lake Mead in peril

Imagine an 8.5-mile Las Vegas Strip. You may not have to because “experts” say “it’s in the cards.” What’s the cause of this crazed optimism? No, it’s not the economy. The prospect of a baseball stadium at Sahara Avenue and … Continue reading

Posted in AGA, Bally, Barstool Sports, Baseball, BetMGM, Boyd Gaming, Caesars Entertainment, Cambodia, Card rooms, Churchill Downs, CityCenter, CQ Holdings, Economy, Election, Environment, Everi, Failsinos, Golden Nugget, Louisiana, M Resort, Macau, MGM Resorts International, Money laundering, Nebraska, Pansy Ho, Penn National, Problem gambling, Racinos, Regulation, Sports, Sports betting, Star Entertainment, Station Casinos, The Strip, Tribal, United Kingdom | 3 Comments