Category Archives: Atlantic City

Macao bad, worse to come; No casinos for Brazil

Posted on April 7, 2020 by David McKee

“With the government keeping limitations on individual and group visas into the market and transportation options remaining impaired we believe the Macau market could take five to seven months to start stabilizing and showing improvement,” Stifel Financial analyst Steven Wieczynski … Continue reading →

Posted in Atlantic City, Caesars Entertainment, China, Connecticut, Dining, Economy, Foxwoods, Galaxy Entertainment, Hard Rock International, Health, history, International, Internet gambling, Japan, Las Vegas Sands, Macau, Maryland, Melco Resorts & Entertainment, MGM Resorts International, Mohegan Sun, Ocean Resort, Politics, Scientific Games, Station Casinos, Taxes, Wall Street, Wynn Resorts | 1 Comment

Hard times for Atlantic City; Murren’s big payday

Posted on March 30, 2020 by David McKee

Atlantic City casinos have pink-slipped 6,000 workers as a gaming shutdown goes on indefinitely. Said Ocean Casino Resort CEO Terry Glebocki, “This is truly an unprecedented time not only for Ocean, but for everyone.” Unemployment claims in the Garden State … Continue reading →

Posted in Atlantic City, Boyd Gaming, Caesars Entertainment, Economy, Eldorado Resorts, Hard Rock International, Health, Illinois, Indiana, Louisiana, Macau, MGM Resorts International, Morris Bailey, Ocean Resort, Penn National, Pennsylvania, Real Estate, Regulation, Sports betting, Tribal, Wall Street, Washington State | 1 Comment

Under the Boardwalk; Premature panic in Virginia

Posted on March 25, 2020 by David McKee

New Jersey Gov. Phil Murphy (D) is taking the long view on casino closures—as in, what happens if they last two months? He’s measuring the negative economic impact at $1.1 billion. According to The Press of Atlantic City, “That figure encompasses … Continue reading →

Posted in AGA, Architecture, Atlantic City, Australia, Caesars Entertainment, Economy, Election, Florida, Foxwoods, Health, history, International, Internet gambling, Politics, Sports, Sports betting, Tribal, Virginia | 1 Comment

Life after casinos; Sheldon is george

Posted on March 19, 2020 by David McKee

“The situation continues to evolve and will escalate rapidly and dramatically. These are unprecedented actions in an extraordinary situation, but they could be the difference in saving lives and keeping people safe.” So said Maryland Gov. Larry Hogan (R) on Sunday, … Continue reading →

Posted in Atlantic City, Boyd Gaming, Caesars Entertainment, California, China, Cordish Co., e-sports, Economy, Entertainment, Foxwoods, Health, Horseracing, Internet gambling, Las Vegas Sands, Maryland, Massachusetts, MGM Resorts International, Mississippi, Mohegan Sun, Nevada, Oklahoma, Pennsylvania, Politics, Rush Street Gaming, Sheldon Adelson, Sports, Sports betting, The Strip, Tourism, Tribal, TV, Wisconsin | 1 Comment

Tough times return to Atlantic City; KY Derby delayed

Posted on March 18, 2020 by David McKee

As we saw earlier today, Las Vegas and Reno are pretty badly screwed for at least the next month. What about perennial problem child/comeback kid Atlantic City? Just when it’s back on its feet and roaring again, along comes Coronavirus … Continue reading →

Posted in AGA, Atlantic City, California, Dining, Economy, Election, Health, Horseracing, Internet gambling, Kentucky, Macau, Maryland, MGM Resorts International, New York, North Carolina, Regulation, South Carolina, Sports betting, Taxes, Tilman Fertitta, Tourism, Tribal, TV, Wall Street, Washington State | Comments Off on Tough times return to Atlantic City; KY Derby delayed

Darkness at noon

Posted on March 17, 2020 by David McKee

Casino dominos continue to topple. The Cosmopolitan of Las Vegas is the latest Las Vegas Strip casino to close thanks to Covid-19, “temporarily.” (Well, none of the closures has been permanent but there are different degrees of temporary-ness, MGM Resorts … Continue reading →

Posted in Alabama, Atlantic City, Caesars Entertainment, Connecticut, Cosmopolitan, Detroit, Dining, Foxwoods, Health, Las Vegas Raiders, Las Vegas Sands, Louisiana, Massachusetts, MGM Resorts International, Michigan, Mississippi, Mohegan Sun, New Jersey, New York, Penn National, Sports, The Strip, Tribal | Comments Off on Darkness at noon

Trump a public menace … Trump Plaza, that is

Posted on March 13, 2020 by David McKee

Carl Icahn clings to dilapidated Trump Plaza like a child to a favorite toy. But he may be forced to face reality whether he likes it or not. It’s ‘Look out below’ for pedestrians passing the corpse of the casino, … Continue reading →

Posted in Atlantic City, Caesars Entertainment, Carl Icahn, Detroit, Economy, Eldorado Resorts, FanDuel, Hard Rock International, Health, Internet gambling, Las Vegas Sands, Massachusetts, MGM Resorts International, Mohegan Sun, Nevada, New Jersey, Ocean Resort, Penn National, Sports, Sports betting, The Strip, Tilman Fertitta, Wynn Resorts | 3 Comments

Gaming stocks immune to rally; Casinos get serious about coronavirus

Posted on March 11, 2020 by David McKee

Gaming stocks by and large didn’t feel the love on Wall Street yesterday, trending slightly downward, not counting 9% rallies for Station Casinos and Melco Resorts & Entertainment (the latter the only Macao operator to bounce back). The market recouped … Continue reading →

Posted in AGA, Alex Meruelo, Atlantic City, Boyd Gaming, Caesars Entertainment, Cosmopolitan, Current, Detroit, Dining, Donald Trump, Economy, Eldorado Resorts, Florida, Health, Lake Tahoe, Las Vegas Sands, Macau, Maryland, Massachusetts, Maverick Gaming, Melco Resorts & Entertainment, MGM Resorts International, Michigan, Penn National, Phil Ruffin, Reno, Rhode Island, Sahara, South Dakota, Sports betting, Station Casinos, Taxes, The Strip, Tilman Fertitta, Tourism, Transportation, Vermont, Wall Street, Washington State, Wynn Resorts | Comments Off on Gaming stocks immune to rally; Casinos get serious about coronavirus

“Empty gesture” in Macao; Big deals for Scientific, Hill

Posted on February 24, 2020 by David McKee

Casinos may have reopened in Macao but coronavirus cannot be so easily wished away. Fears of its spread hit U.S. stock markets hard, with the Dow Jones tumbling 840 points, ceding all 2020 gains. Overseas bourses are taking it hard, too, … Continue reading →

Posted in Alabama, Arizona, Atlantic City, China, Culinary Union, Economy, Election, Galaxy Entertainment, Genting, Health, International, Internet gambling, Las Vegas Sands, Macau, Melco Resorts & Entertainment, MGM Resorts International, Michigan, Mississippi, Nevada, New Jersey, Oklahoma, Pennsylvania, Scientific Games, Singapore, Sociedade de Jogos de Macau, Sports, Sports betting, Taxes, Tilman Fertitta, Tourism, Tribal, Wall Street, William Hill, Wynn Resorts | Comments Off on “Empty gesture” in Macao; Big deals for Scientific, Hill

Encore gets real; Atlantic City on impressive streak

Posted on February 17, 2020 by David McKee

According to the Boston Globe, a “sense of reality” in sinking in at Encore Boston Harbor that it has to appeal to somebody besides high-income demographics. “This shift was evident recently when a bright-red taco truck appeared on the gambling … Continue reading →

Posted in Atlantic City, Canada, Dining, Georgia, Illinois, Internet gambling, Marketing, Massachusetts, MGM Resorts International, Real Estate, Regulation, Sports betting, Steve Wynn, Taxes, The Mob, Wynn Resorts | Comments Off on Encore gets real; Atlantic City on impressive streak

Mutiny at MGM?; The art of the presidential deal

Posted on February 17, 2020 by David McKee

Global Gaming Business sources say MGM Resorts International CEO Jim Murren “was forced out by activist investors who had gathered enough support from institutional investors for his ouster.” The reason is not clear, as Murren had been doing everything possible … Continue reading →

Posted in Atlantic City, CityCenter, Donald Trump, Galaxy Entertainment, Genting, Hard Rock International, Health, International, Internet gambling, Japan, Macau, Massachusetts, Melco Resorts & Entertainment, Regulation, Resort fees, Sports betting, Technology, The Strip, TV, Virginia, Wall Street, William Hill, Wynn Resorts | 1 Comment

Atlantic City looking good; Murren calls it quits

Posted on February 13, 2020 by David McKee

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

“The fix is in”; MGM’s youth movement

Posted on February 10, 2020 by David McKee

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

Macao: Worse than expected; New deal on Connecticut table

Posted on February 4, 2020 by David McKee

When China gets coronavirus, Macao develops pneumonia. While Wall Street was expecting gaming revenues to dip 2% in January, they fell 11%. Macanese casinos still grossed $2.75 billion, so it’s not like they were hearing crickets. However, February is shaping … Continue reading →

Posted in Atlantic City, Caesars Entertainment, China, Connecticut, Derek Stevens, Downtown, Economy, Eldorado Resorts, Foxwoods, Health, IGT, Illinois, Japan, Las Vegas Sands, Louisiana, Macau, MGM Resorts International, Mohegan Sun, New Jersey, Pennsylvania, Politics, Regulation, Sheldon Adelson, Sports betting, Tourism, West Virginia | Comments Off on Macao: Worse than expected; New deal on Connecticut table

IGT, Twin River cut a deal; Atlantic City casino execs get riled

Posted on February 3, 2020 by David McKee

In what is either a grand compromise or the cynical conclusion to months of backbiting, International Game Technology and Twin River Holdings have patched up their differences, and formed a joint venture to run the Rhode Island state lottery. (The … Continue reading →

Posted in Atlantic City, Caesars Entertainment, China, DFS, Donald Trump, e-sports, Eldorado Resorts, Hard Rock International, IGT, Japan, Kentucky, Las Vegas Sands, Law enforcement, Lotteries, Melco Resorts & Entertainment, MGM Resorts International, Morris Bailey, Rhode Island, Sports betting, Twin River, Wynn Resorts | 3 Comments

Penn/Barstool deal a home run; Blatstein lightens Showboat ship

Posted on January 31, 2020 by David McKee

Shares of Penn National Gaming jumped 12% on news of its 36% acquisition of Barstool Sports. Penn plans to unroll a Barstool-branded line of sports books, online applications and mobile-wagering services. Barstool, in turn, will promote Penn until 2060 … … Continue reading →

Posted in AGA, Atlantic City, Caesars Entertainment, Derek Stevens, Downtown, Fontainebleau, Golden Gaming, Hard Rock Hotel, Japan, Las Vegas Sands, LVCVA, Massachusetts, Maverick Gaming, MGM Resorts International, Palms, Penn National, Problem gambling, Regulation, Resorts World LV, Sports betting, Station Casinos, Steven Witkoff, Technology, The Strip, Tribal, Wall Street, Washington State, Wynn Resorts | 1 Comment

Coronavirus hits Vegas; Connecticut’s massive screwup

Posted on January 29, 2020 by David McKee

This just in … It’s here! The Southern Nevada Health District has reported a possible case of coronavirus. More details as we get them. In the meantime, there are at least six confirmed cases in Macao, as gaming stocks suffer … Continue reading →

Posted in Atlantic City, Caesars Entertainment, Connecticut, Cosmopolitan, Dan Gilbert, Eldorado Resorts, Foxwoods, Health, Japan, Las Vegas Raiders, Macau, Massachusetts, MGM Resorts International, Mohegan Sun, Ohio, Oklahoma, Politics, Sports, Sports betting, Taxes, The Strip, Tourism, Transportation, Tribal | Comments Off on Coronavirus hits Vegas; Connecticut’s massive screwup

Chinese New Year in ruins; LV Locals casinos hacked

Posted on January 27, 2020 by David McKee

Coronavirus is spreading like wildfire. Not only has it cropped up in Beijing, Hong Kong (uh-oh) and Shanghai, cases are being reported in Taiwan, Thailand, France, Japan, South Korea, Australia, and our own United States. China President Xi Jinping has taken … Continue reading →

Posted in Atlantic City, China, Colorado, Derek Stevens, Downtown, DraftKings, Health, International, Las Vegas Raiders, Macau, MGM Resorts International, New Jersey, Politics, Sports, Sports betting, Station Casinos, Technology, The Strip, Tilman Fertitta, Twin River | Comments Off on Chinese New Year in ruins; LV Locals casinos hacked

Draft Day is coming; Station rebounds

Posted on January 23, 2020 by David McKee

As you know, the next NFL draft will be continued on the Las Vegas Strip. The official plan has been released and we don’t know whether to be impressed or to laugh. In what has to be the most fey NFL … Continue reading →

Posted in Atlantic City, China, Entertainment, Genting, Indiana, Japan, Macau, Movies, New Jersey, Palms, Sports, Station Casinos, The Strip, Transportation, Wall Street | 1 Comment

Quote of the Day

Posted on January 23, 2020 by David McKee

“The move reflects a mindset that believes African Americans and other races can’t govern and don’t have the backbone or the courage to fight.”—Atlantic City Mayor Marty Small, on a petition drive to eliminate his job.

Posted in Atlantic City, Politics | 1 Comment