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Category Archives: Arizona
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
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Caesars Strip-tease; Slot flea swatted; Biden targets resort fees
In the end, all that talk of Caesars Entertainment selling a Las Vegas Strip asset was just a sham. The company probably couldn’t find any takers for the Flamingo at CEO Tom Reeg‘s preposterous asking price (ditto his equally preposterous … Continue reading
Posted in Arizona, Bally, Baseball, Caesars Entertainment, Chicago, Churchill Downs, Conventions, Cordish Co., Hard Rock International, Indiana, Internet gambling, Lake Tahoe, Louisiana, Michigan, Nebraska, Nevada, New York, Planet Hollywood, Politics, Real Estate, Resort fees, Sports betting, Taxes, The Strip, Tourism, Tribal, Virginia, Wall Street, Washington State
4 Comments
Report from the shore; Cretins win in Alabama
While Bally’s Corp. may not be the laughingstock of the casino industry, it isn’t for want of trying. You would think that Bally’s Atlantic City (above) would want to pimp nearby Bally’s Dover Downs to its customers. Instead it sent … Continue reading
Posted in Alabama, Alex Meruelo, Arizona, Atlantic City, Australia, Bally, Churchill Downs, Delaware, DraftKings, Economy, Hard Rock International, Health, Kentucky, Las Vegas Raiders, Marketing, Mississippi, New York, Politics, Sports betting, Star Entertainment, Taxes, United Kingdom, Wall Street, Washington State, WInd Creek
1 Comment
Voyage to Vegas, Part One
Not us. We’re in Vermont, vacationing. But Deutsche Bank analyst Carlo Santarelli trekked to Sin City and met with representatives of eight companies. We’ll start with MGM Resorts International, which waxed pretty darn upbeat. In Las Vegas, MGM’s strength lies … Continue reading
Posted in Arizona, Atlantic City, BetMGM, Boyd Gaming, Caesars Entertainment, California, Canada, CityCenter, Cosmopolitan, Culinary Union, Election, Fontainebleau, Genting, Hard Rock International, Indiana, Internet gambling, Iowa, Las Vegas Sands, Louisiana, Macau, MGM Resorts International, Missouri, Nebraska, New Jersey, New York, North Carolina, Palms, Penn National, Pennsylvania, Philippines, Politics, Singapore, Sociedade de Jogos de Macau, Sports, Sports betting, The Strip, Virginia, Wall Street
3 Comments
Atlantic City burgeoning; Posthumous Adelson scandal
Revenues on the Boardwalk jumped 8% last month from July 2021, reaching $299 million on the nose. Slot winnings were good, up 5.5% on 6.5% more coin-in but table win was even better, growing 16% on only 4% higher wagering. … Continue reading
Posted in Arizona, Atlantic City, Bally, BetMGM, Caesars Entertainment, California, CityCenter, Donald Trump, DraftKings, Environment, FanDuel, Golden Nugget, Hard Rock International, history, Illinois, International, Internet gambling, James Packer, MGM Resorts International, Mohegan Sun, Nevada, Ocean Resort, Sheldon Adelson, Slot routes, Sports betting
2 Comments
Boyd outperforms; Vegas airport sets record, joblessness drops
“No gaming consumer slowdown, at least not yet.” That was the headline of JP Morgan analyst Joseph Greff‘s appraisal of Boyd Gaming‘s 2Q22 earnings call. Loyalty players and core customers remain steadfast, as Boyd grew revenues 4% “despite a tough … Continue reading
Posted in Arizona, Boyd Gaming, California, Downtown, Economy, Internet gambling, Kansas, Louisiana, MGM Resorts International, Nevada, Ohio, Pennsylvania, Reno, Resort fees, Sports betting, The Strip, Tourism, Transportation, Tribal, Wall Street
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Jottings for a Tuesday
You know it’s a slow news week when today’s front-and-center lead story in the Las Vegas Review-Journal is that a Lotus of Siam will open in a refreshed Red Rock Resort. With nothing of pressing urgency in the press these … Continue reading
Posted in Arizona, Bally, BetMGM, Caesars Entertainment, California, Card rooms, Cirque du Soleil, Cordish Co., Dining, DraftKings, Economy, Election, Entertainment, FanDuel, Hard Rock International, Pennsylvania, Station Casinos, The Strip, Tribal
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Atlantic City casinos avert crisis; Congressional absurdity
It was eyeball-to-eyeball and Big Gaming blinked. Faced with probable, heavy losses of business, Borgata—the casino with the most to lose—was first to come to terms with Local 54 of Unite-Here. Terms with most of the majors were reached an … Continue reading
Posted in AGA, Arizona, Atlantic City, Bally, Baseball, Caesars Entertainment, California, Carl Icahn, Chicago, Dining, DraftKings, Entertainment, GLPI, Hard Rock Hotel, International, Internet gambling, Las Vegas Sands, Law enforcement, MGM Resorts International, Ocean Resort, Politics, Real Estate, Rhode Island, Sports betting, The Strip, Tribal, Unite-Here, West Virginia
1 Comment
Optimism in Las Vegas; Bluhm bombs in Chicago
On his way home from Black Hawk, Colorado, gaming analyst Barry Jonas of Truist Securities popped into Las Vegas. He met with various and sundry publicly traded companies, even MGM Resorts International, for which he feels little love. He also … Continue reading
Posted in Arizona, Bally, BetMGM, Boyd Gaming, Caesars Entertainment, California, Chicago, DraftKings, Economy, Everi, FanDuel, Florida, G2E, Hard Rock International, Health, IGT, Las Vegas Sands, MGM Resorts International, Neil Bluhm, Palms, Penn National, Politics, Problem gambling, Rush Street Gaming, Scientific Games, Sports betting, Station Casinos, Technology, Tribal, Virginia, Wall Street
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Mega-January on the Strip; Much ado about Caesars
January’s Nevada gambling-revenue numbers are out and the Silver State topped $1 billion yet again, a 41.5% boost over last year. However, some jurisdictions manifested slight declines, a sign that casino activity may be “normalizing” after a heated 2021. To … Continue reading
Posted in Animals, Arizona, Atlantic City, Bally, Baseball, Boulder Strip, Caesars Entertainment, Churchill Downs, Conventions, Dining, Downtown, Genting, Health, Internet gambling, Lake Tahoe, Laughlin, Louisiana, Marketing, Mesquite, Nevada, New Jersey, New York, North Las Vegas, Peninsula Pacific, Pennsylvania, Planet Hollywood, Politics, Reno, Singapore, Sports, Sports betting, Texas, The Strip, Tourism, Tribal, Wall Street, Wendover, Wisconsin
2 Comments
Weekend jottings
Late last week, MGM Resorts International unveiled its plans for a BetMGM-branded sports book at State Farm Stadium in Arizona. No budget was announced for the facility but, given the infinitesimal amount of retail wagering in the Phoenix area, it’s … Continue reading
Posted in Arizona, BetMGM, Las Vegas Raiders, Mattress Mack, MGM Resorts International, Sports, Sports betting, The Strip, Tribal
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Illinois slouches; Boyd, Churchill praised; DraftKings assessed
Not even Rivers Casino Des Plaines was spared the impact of Hard Rock Rockford, as the newbie helped take a 4.5% bite out of Rivers’ December casino revenues compared to 2019, for a Des Plaines gross of $43 million, still … Continue reading
Posted in Arizona, Bally, Boyd Gaming, Caesars Entertainment, California, Canada, Churchill Downs, Connecticut, Downtown Grand, DraftKings, Election, Florida, Full House Resorts, Hard Rock International, Health, Illinois, Indiana, Internet gambling, Iowa, Isle of Capri, Las Vegas Sands, Louisiana, Maine, Maryland, Mattress Mack, MGM Resorts International, New York, Ohio, Penn National, Regulation, Singapore, Sports, Sports betting, Station Casinos, Taxes, Wall Street
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Meet the new National Harbor boss, same as the old boss
Maryland closed out 2021 hot, up 16% from 2019 with a gross of $173 million in December. As usual, MGM National Harbor was in the lead with $74.5 million. Maryland Live booked $62.5 million for a 20.5% gain and 36% … Continue reading
Posted in Alex Meruelo, Arizona, Atlantic City, Boyd Gaming, Caesars Entertainment, California, Churchill Downs, Dining, DraftKings, Economy, FanDuel, Golden Gaming, Health, Idaho, Indiana, Las Vegas Raiders, Louisiana, Macau, Marketing, Maryland, MGM Resorts International, Mississippi, Missouri, Nevada, New Hampshire, New Jersey, New York, Ohio, Oklahoma, Penn National, Pennsylvania, Rush Street Gaming, Sahara, Sports, Sports betting, Taxes, Technology, Tennessee, The Strip, Tourism, Tribal, Wall Street, World Series of Poker
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Doldrums in Macao; “Love” in jeopardy; Mega-Jottings
There’s an Eeyore sweatshirt that says, “Could be worse. Not sure how, but it could be.” That pretty much sums up the situation in Macao, which finished 2021 44% ahead of 2020 when it comes to gambling revenue … but … Continue reading
Posted in Arizona, Atlantic City, Cirque du Soleil, Colorado, Cordish Co., Economy, Florida, Galaxy Entertainment, GLPI, Health, IGT, International, Lake Tahoe, Las Vegas Raiders, Las Vegas Sands, Laughlin, Law enforcement, Macau, Maryland, Melco Resorts & Entertainment, MGM Resorts International, North Carolina, Politics, Real Estate, Regulation, Sports betting, Taxes, Tribal, Wall Street, Washington State, Wynn Resorts
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Seminole compact nixed: Biden, DeSantis, Seminoles all lose
Floridians, we hope you enjoyed sports betting for all of the three weeks in which it was legal in the Sunshine State. Why? Because last night a federal judge struck down the Seminole Tribe‘s new compact with Gov. Ron DeSantis … Continue reading
Posted in Arizona, Australia, Chicago, Connecticut, Crown Resorts, DraftKings, Election, FanDuel, Florida, Hard Rock International, Law enforcement, Massachusetts, MGM Resorts International, Michigan, Nevada, New York, Penn National, Politics, Regulation, Rush Street Gaming, Seminole Tribe, Sports, Station Casinos, Taxes, Transportation, Tribal
1 Comment