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Category Archives: Arizona
Wynn dominates Massachusetts; Scientific disappoints
Massachusetts casinos raked in $80 million last month, 60% of that—or $48.5 million—at Encore Boston Harbor. Holding onto a 26% share was MGM Springfield, grossing $20.5 million, while Plainridge Park won $11 million. That was a 10.5% decline for the … Continue reading
Posted in Arizona, Baseball, Economy, Internet gambling, Japan, Massachusetts, Maverick Gaming, MGM Resorts International, Oklahoma, Penn National, Scientific Games, Sports betting, Taxes, The Strip, Tribal, Wall Street, Washington State, Wynn Resorts
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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
Eldorado gets one state closer; Banditry in Arizona
Check Louisiana off the list of states giving the thumbs-up to the Eldorado Resorts takeover of Caesars Entertainment. CEO Tom Reeg had to assure regulators that the company would invest $500 million (there goes that highly touted half-billion cost savings) in … Continue reading
Brandes’ big bet; Skill-based slots catching on
“We think it’s time for Florida to take it out of the shadows and into the sunshine,” said state Sen. Jeff Brandes (R). He was speaking of sports betting which, like daily fantasy sports, is currently illegal in the Sunshine … Continue reading
Tumult in Atlantic City; Goodell’s exquisite hypocrisy
Atlantic City casinos have had enough with the town’s mayoral office. They want it eliminated in favor of a city manager. Difficult to argue with that one. Except for Don Guardian, we haven’t seen one A.C. mayor we’ve liked. The … Continue reading
Posted in Arizona, Atlantic City, Caesars Entertainment, China, Dining, Election, Entertainment, history, Indiana, Macau, Melco Resorts & Entertainment, MGM Resorts International, Oscar Goodman, Politics, Sports betting, Steve Wynn, The Strip, Tilman Fertitta, Tourism, Unite-Here, Wall Street, Wynn Resorts
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Desert Diamond sets debut; Paddock’s grim legacy
Controversial Desert Diamond Casino will finally open on Feb. 19, superseding a “big box” temporary casino on the same site. Pride and joy of the Tohono O’odham Nation, Desert Diamond was the bane of Gov. Doug Doucey‘s existence, as well as … Continue reading
Posted in Arizona, Canada, Dining, Florida, Internet gambling, Japan, Las Vegas Sands, Lotteries, Mandalay Bay Massacre, New York, Philippines, Problem gambling, Sports betting, Tamares Group, Taxes, The Strip, Tribal, Wall Street, Wynn Resorts
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Honeymoon over in Massachusetts; Drive like Elvis
Encore Boston Harbor has been open only two months. MGM Springfield just passed its one-year anniversary. And yet, the Boston Globe is already tossing around the ‘S’ word—saturation. Saying that casino executives might not like hearing it, the paper rejoined, … Continue reading
Posted in AGA, Arizona, Caesars Entertainment, California, Economy, Entertainment, history, Massachusetts, MGM Resorts International, Mississippi, Penn National, Rhode Island, Transportation, Wynn Resorts
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Sports betting vexed in Massachusetts; Start spreading the news, they’re leaving today—and how!
Don’t expect sports betting in Massachusetts: Not now, maybe never. Why? Two words: Rhode Island. That state counted on $23 million in tax revenue from sports wagers—a ludicrous figure—and got $2 million. Bay State lawmakers are not only sobered by the … Continue reading
Posted in Arizona, Connecticut, Economy, Environment, Florida, Las Vegas Raiders, Massachusetts, MGM Resorts International, Nevada, New York, Politics, Problem gambling, Rhode Island, Sports, Sports betting
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A Majestic idea; MGM’s Springfield angst
Anyone remember the Greek Isles? Anybody want to? Like a phoenix rising from the ashes, the Greek Isles site will midwife the $850 million Majestic Las Vegas, designed by Paul Steelman after the style of Paul Revere Williams. It will have … Continue reading
Vegas gets first tribal casino
My doctor says it behooves me to take it easy, so that can mean only one thing … news briefs! If you were waiting for Native American tribes to put down roots in Las Vegas, wait no longer. Virgin Hotels … Continue reading
Posted in Alex Meruelo, Animals, Arizona, Boyd Gaming, Downtown, Entertainment, Florida, Hard Rock Hotel, Law enforcement, Marketing, MGM Resorts International, Mohegan Sun, Movies, Sahara, SLS Las Vegas, Sports, Tamares Group, The Strip, Transportation
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The wrath of Icahn
Investment bankers BidaskClub aren’t buying Caesars Entertainment. Literally. In an almost-unheard-of development in gaming, Bidask put a “sell” recommendation on low-priced CZR shares. Perhaps this reflects caution over Caesars’ still-massive debt overhang or of the additional debt that would be … Continue reading
Posted in Arizona, Caesars Entertainment, Carl Icahn, CityCenter, Cosmopolitan, DFS, Eldorado Resorts, Illinois, Lotteries, Mandalay Bay Massacre, MGM Resorts International, Regulation, Resort fees, Sports betting, The Strip, Tilman Fertitta, Tribal, Wall Street, West Virginia
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Plaza gets a refresh; MGM covets Vegas locals
Congratulations to Plaza Hotel CEO Jonathan Jossel. He’s persuaded tight-fisted Tamares Group to invest in a 112-room renovation of the Downtown dowager. The casino is reportedly coming off its best April ever and this has evidently helped Tamares to see its … Continue reading
Posted in Architecture, Arizona, Boyd Gaming, CityCenter, Derek Stevens, Dining, Downtown, Dubai, e-sports, Entertainment, Japan, Massachusetts, MGM Resorts International, Tamares Group, Transportation, Wall Street, Wynn Resorts
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Eldorado strong, Penn stronger; Caesars screws you
Were it not for inclement weather, Eldorado Resorts would have exceeded Wall Street’s consensus $172 million cash-flow prediction by $8 million for 1Q19, not come up $5 million short. For instance, Reno (pictured) had snow in 24 of February’s 28 days … Continue reading
Posted in Arizona, Atlantic City, Caesars Entertainment, Colorado, Cordish Co., Cretins, Culinary Union, Detroit, Dining, Economy, Eldorado Resorts, Florida, Hard Rock International, Illinois, Internet gambling, Iowa, Macau, Massachusetts, MGM Resorts International, Mississippi, Penn National, Pennsylvania, Pinnacle Entertainment, Racinos, Regulation, Reno, Sports betting, Station Casinos, Tribal, Wall Street, West Virginia, Wynn Resorts
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Tunnel travel in Vegas?; Icahn raises the ante
As the Las Vegas Convention Center expands to proportions once seemingly unimaginable (two miles in length), the governing authority is looking for new methods to get conventioneers around it — especially to their parked cars. The Las Vegas Convention & … Continue reading
Posted in Arizona, Caesars Entertainment, Carl Icahn, Law enforcement, LVCVA, The Strip, Transportation
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Sports books take Super Bowl hit
With 75% of bettors wagering on the New England Patriots, plus a “george” 53-1 side bet for in-store credit, FanDuel got taken to the woodshed during Super Bowl LIII, losing $5 million. “All of this combined to leave New England as … Continue reading
Posted in Architecture, Arizona, Economy, Genting, Illinois, Las Vegas Sands, Marketing, New Jersey, Politics, Problem gambling, Resort fees, Singapore, Sports betting, Taxes, Texas
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Aguilera to hit the Strip; Arizona mulls sports betting
It’s a big week for announcements at Caesars Entertainment. While I admit I’d completely forgotten who Christina Aguilera is, she’s got enough pop-culture cachet to justify a Las Vegas residency, starting May 31 at the Zappos Theater (an improvement on … Continue reading
Posted in Arizona, Caesars Entertainment, Entertainment, history, International, Japan, Planet Hollywood, Sports betting, Taxes, The Strip, Tourism
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Caesars diversifies; Crazy rich Asians
In another pure, non-gaming play, Caesars Entertainment has disclosed plans to build a hotel at Scottsdale Fashion Square, in Arizona. “The 11-story glass structure, with 266 guest rooms, will be called Caesars Republic Scottsdale and will be the company’s first … Continue reading
Posted in Arizona, Caesars Entertainment, Entertainment, Lawrence Ho, Marketing, Movies, Palms, Pansy Ho, Stanley Ho, Station Casinos, Technology, Tourism
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Super Bowl generates heavy action; Hard Rock marquee finds retirement home
$325 million. That’s the legal handle that PlayUSA.com is predicting will be wagered on Super Bowl LIII. Nevada will have the plurality of bets, some $160 million, with New Jersey seeing $100 million in action, including online wagers. The nascent … Continue reading
Posted in AGA, Arizona, CityCenter, Entertainment, Hard Rock Hotel, history, International, Internet gambling, Mississippi, Movies, New Jersey, New Mexico, Penn National, Pennsylvania, Rhode Island, Sports, Sports betting, Tourism, West Virginia
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Stabbed in the back
In a colossal act of betrayal, the NFL, Major League Baseball and the PGA Tour have turned on their new gaming ‘partners’ and betrayed them by getting into bed with Sen. Chuck Schumer (D) and his dreadful bill to push … Continue reading
Posted in Arizona, Internet gambling, Japan, Law enforcement, New Jersey, Politics, Sheldon Adelson, Sports betting, Taxes, Tourism
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Station loses again; Starwood data raided
Station Casinos continues to be at cross-purposes with the National Labor Relations Board. Its latest misstep was stonewalling the Culinary Union with regard to labor talks at Green Valley Ranch. NLRB Chairman John Ring ruled, “By failing and refusing since … Continue reading
Posted in Arizona, Culinary Union, Donald Trump, Economy, Macau, Station Casinos, Taxes, Technology, Transportation, Tribal, Wall Street, Wisconsin
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