Category Archives: Bally

Las Vegas: Are happy days here again?; Sands dibs NYC

As we’ve often said, when the American economy gets the flu (literally, in this case), Las Vegas catches pneumonia. During the depths of the Covid-19 pandemic, unemployment in Vegas levitated to 34%. Today it is a still-unhealthy 10.5%. Nonetheless, the … Continue reading

Posted in Architecture, Australia, Bally, Boulder Strip, Boyd Gaming, Caesars Entertainment, California, Churchill Downs, CQ Holdings, Crown Resorts, Economy, Entertainment, Florida, Golden Nugget, Hard Rock International, Health, Indiana, Internet gambling, Japan, Las Vegas Sands, Louisiana, Massachusetts, New York, North Carolina, Penn National, Spectacle Entertainment, Sports betting, The Strip, Tribal, William Hill, Wynn Resorts | 1 Comment

A.C.: A month to forget; Trump sticks it to Miami

Casino revenue headed 32% south in Atlantic City last month, to $148 million. Those were augmented with $46 million in sports-betting dollars and $94 million from Internet gambling (+80%), so that probably counts as a silver lining to a dark … Continue reading

Posted in Atlantic City, Bally, Barstool Sports, Boyd Gaming, Caesars Entertainment, Churchill Downs, Cordish Co., Donald Trump, DraftKings, FanDuel, Florida, Fontainebleau, FoxBet, Genting, Golden Nugget, Greenwood Racing, Hard Rock International, MGM Resorts International, Michigan, Mohegan Sun, New Jersey, New York, Ocean Resort, Penn National, Pennsylvania, Politics, Real Estate, Rush Street Gaming, Seminole Tribe, Sports, Sports betting, Tribal, Wall Street, William Hill, Wynn Resorts | 1 Comment

Vegas’ Dream is TSA’s nightmare; MGM disses Chicago

Part Two of our survey of analyst reports on Vegas-based casino companies will have to wait a day, given a bevy of breaking news. First up, a major setback for the planned Dream Las Vegas on the south Strip. Airlines … Continue reading

Posted in Architecture, Arizona, Atlantic City, Bally, Boyd Gaming, Caesars Entertainment, California, Cosmopolitan, Cretins, Dining, Diversity, Economy, Entertainment, Failsinos, Full House Resorts, Hard Rock International, Health, Illinois, Indiana, Las Vegas Sands, Mandalay Bay Massacre, Maryland, MGM Resorts International, Michael Gaughan, New York, Penn National, Rush Street Gaming, Security, Spectacle Entertainment, Station Casinos, Texas, The Strip, Tourism, Transportation, Tribal, Wynn Resorts | 2 Comments

Chicago gets serious; Ohio recovering but Missouri swoons

Chicago Mayor Lori Lightfoot (D), having received 11 expressions of interest in a megaresort (two of them an exacta by MGM Resorts International and MGM Growth Properties) is ready to issue a request for proposals sometime next month. We’ll then … Continue reading

Posted in Arizona, Bally, Barstool Sports, Boyd Gaming, Caesars Entertainment, Churchill Downs, Detroit, DraftKings, FanDuel, Florida, Hard Rock International, Illinois, Indiana, Las Vegas Sands, MGM Resorts International, Missouri, Nevada, Ohio, Penn National, Pennsylvania, Politics, Rush Street Gaming, Sports betting, Taxes, The Strip, Tourism, Tribal, Wall Street, Wynn Resorts | 2 Comments

Maryland: More gamblers = more money; Illinois improving

What will prompt recovery in gaming? Stimulus money, yes, but we got a strong indicator of something else out of Maryland last weekend. Overall, casino revenues were down 16.5% but the story is more complicated than that. At facilities restricted … Continue reading

Posted in AGA, Australia, Bally, Boyd Gaming, Caesars Entertainment, Canada, Churchill Downs, Connecticut, Cordish Co., Crown Resorts, DraftKings, FanDuel, Foxwoods, Golden Gaming, Illinois, Internet gambling, Iowa, Maryland, MGM Resorts International, Mohegan Sun, Penn National, Problem gambling, Sports, Sports betting, TV, Wall Street, West Virginia, William Hill | Comments Off on Maryland: More gamblers = more money; Illinois improving

Next stop … Richmond?!?; Alabama covets casinos

No fewer than six companies, some of them major, have descended upon Richmond, Virginia, seeking the Dominion State’s last casino license. They are: Bally’s Corp. ($650 million), Cordish Cos. ($600 million), Golden Nugget ($400 million), Pamunkey Indian Tribe ($350 million), … Continue reading

Posted in Alabama, Bally, Cordish Co., Diversity, Entertainment, Golden Nugget, International, Kansas, MGM Resorts International, Politics, South Korea, Sports betting, The Strip, Tilman Fertitta, Tourism, Tribal, United Kingdom, Virginia, Wynn Resorts | 2 Comments

Sports bets a hit in Virginia; Vegas recovery an iffy prospect

Online sports betting was quick out of the gate in Virginia—$59 million in handle in 11 days—although books spent so much money acquiring customers that they took a loss on the month. “Debuting ahead of the NFL’s conference championship games … Continue reading

Posted in Atlantic City, Bally, Caesars Entertainment, Canada, Conventions, DraftKings, Economy, FanDuel, Health, history, IGT, Internet gambling, Las Vegas Sands, Lotteries, LVCVA, Marketing, Maryland, MGM Resorts International, Michigan, Resort fees, Rhode Island, Rush Street Gaming, Scientific Games, Sports betting, Tennessee, The Strip, Tourism, Transportation, United Kingdom, Virgin Hotels, Virginia, Wall Street, William Hill, Wynn Resorts | Comments Off on Sports bets a hit in Virginia; Vegas recovery an iffy prospect

Louisiana better than it looks; Covid checkmates brothels

Casinos in the Pelican State were off 10% in January. However, when one adjusts the numbers to account for the permanent closure of Diamond Jacks in Shreveport and the all-but-permanent shutdown of Isle Grand Palais on Lake Charles, gaming revenues … Continue reading

Posted in Bally, Boyd Gaming, Brothels, Caesars Entertainment, Churchill Downs, CQ Holdings, Economy, Golden Nugget, Health, Louisiana, MGM Resorts International, New York, Penn National, Sports, Sports betting, The Strip | 1 Comment

A.C.: Trump Dump gone, Hard Rock and Ocean going strong

At 9:08 a.m. yesterday, one of the towers of Trump Plaza was finally imploded, an important first step in clearing Atlantic City of its last excrescences of You Know Who. Maybe owner Carl Icahn, having been a “george” donor to … Continue reading

Posted in AGA, Bally, Barstool Sports, Boyd Gaming, Caesars Entertainment, Carl Icahn, Charity, Churchill Downs, Cordish Co., Current, Dining, Donald Trump, DraftKings, Economy, FanDuel, FoxBet, Golden Nugget, Greenwood Racing, Hard Rock International, MGM Resorts International, Missouri, Mohegan Sun, Ocean Resort, Penn National, Pennsylvania, Rush Street Gaming, Sports, Sports betting, The Strip, Tourism, Tribal, TV, Wall Street, William Hill | 3 Comments

Station sitting pretty; Missouri booms; All bets off at MGM

Despite fourth quarter revenues that were 28% off the pace ($122 million) in Las Vegas, analysts on Wall Street are liking Station Casinos these days. Native American management fees in 4Q20 were up 21% ($25.5 million) for one thing. JP … Continue reading

Posted in Bally, Boyd Gaming, Caesars Entertainment, Cretins, Dining, Economy, Harry Reid, history, Law enforcement, MGM Resorts International, Missouri, Penn National, Sports betting, Station Casinos, The Strip, Transportation, Wall Street | 2 Comments

Normality in Ohio, disaster in Illinois; Planet Ho sale mooted

Maybe the ‘skinny stimulus’ helped Ohio. Gross gaming revenues of $153.5 million were only 8.5% off last year’s pace. The gambling houses are still operating at 50% capacity and under a curfew but the number remains impressive. Hollywood Toledo continues … Continue reading

Posted in Alabama, Bally, Boyd Gaming, Churchill Downs, Colorado, Dan Gilbert, Detroit, Dining, DraftKings, Economy, Georgia, Hard Rock International, history, Illinois, Jack Entertainment, Las Vegas Sands, Louisiana, Macau, Marketing, Maryland, Massachusetts, Mattress Mack, MGM Resorts International, North Carolina, Ohio, Penn National, Planet Hollywood, South Dakota, Sports betting, Texas, The Strip, Transportation, TV, Virginia, Wall Street, Wynn Resorts | 1 Comment

Case Bets

More than 23 million Americans are expected to bet legally or otherwise on the Super Bowl, according to the American Gaming Association, which predicts $4.3 billion in handle. 7.5 million punters will be doing their wagering online, 63% more than … Continue reading

Posted in AGA, Bally, Caesars Entertainment, Cordish Co., DFS, Diversity, DraftKings, Economy, FanDuel, history, Illinois, International, Las Vegas Sands, Macau, MGM Resorts International, Pennsylvania, PointsBet, Problem gambling, Real Estate, Rush Street Gaming, Sports, Sports betting, Steve Wynn, The Strip | 3 Comments

Louisiana doldrums; Philadelphia Live sparkles

Does reporting bad news get tedious? You bet! But it comes with the turf. Louisiana casino winnings declined 23% last month, in keeping with the national average. Penn National Gaming casinos got off easiest, slipping 11%, while Boyd Gaming ones … Continue reading

Posted in Animals, Bally, Baseball, Boyd Gaming, Caesars Entertainment, Churchill Downs, Colorado, Connecticut, Cordish Co., CQ Holdings, Cretins, Dining, DraftKings, Economy, FanDuel, FoxBet, Foxwoods, Golden Nugget, Health, Illinois, Indiana, Internet gambling, Jim Murren, Law enforcement, Louisiana, Marketing, Massachusetts, MGM Resorts International, Mohegan Sun, Nevada, New Jersey, Penn National, Pennsylvania, Politics, Rush Street Gaming, Sports, Tennessee, Wall Street, West Virginia, William Hill | 3 Comments

Chilly in Atlantic City, deep freeze in Detroit; Siegfried, R.I.P.

Casino revenues in Atlantic City plunged 29% last month. “Results for the month reflect the negative impact of higher new COVID-19 cases in recent weeks, capacity limits and restrictions on F&B offerings, similar to other regional markets,” writes JP Morgan … Continue reading

Posted in Atlantic City, Bally, Barstool Sports, Caesars Entertainment, Centaur Gaming, Derek Stevens, Detroit, Dining, Donald Trump, DraftKings, Entertainment, FanDuel, Golden Nugget, Hard Rock International, Health, Indiana, International, Internet gambling, Las Vegas Sands, MGM Resorts International, Mohegan Sun, New Jersey, Ocean Resort, Penn National, Pennsylvania, PointsBet, Politics, Regulation, Spectacle Entertainment, Sports betting, Station Casinos, The Strip, Tribal, Unite-Here, Wall Street | 4 Comments

Covid cramps casino revenues; Trop LV in play … again

Now that the smartest man in the room has left the building permanently, we continue to wait for Wall Street‘s reaction to Sheldon Adelson‘s demise. Hearing none, we move on to varying degrees of decline in regional gaming, once thought … Continue reading

Posted in Arizona, Atlantic City, Bally, Barstool Sports, Boyd Gaming, Caesars Entertainment, California, Carl Icahn, Century Casinos, Conventions, DraftKings, Economy, FanDuel, Full House Resorts, GLPI, Health, Indiana, Kentucky, Massachusetts, MGM Resorts International, Missouri, Penn National, Politics, Rush Street Gaming, Sheldon Adelson, Singapore, Spectacle Entertainment, Sports betting, The Strip, Tilman Fertitta, Tribal, William Hill | 1 Comment

Culinary vs. Wynn; Illinois sports betting explodes

Is the Culinary Union cutting off its nose to spite its face? The local had a contractual agreement that all Wynncore members would be keep on full health benefits, even if reduced to part-time status. But when Encore semi-closed, the … Continue reading

Posted in Bally, Barstool Sports, Boyd Gaming, Caesars Entertainment, Churchill Downs, Cordish Co., Culinary Union, DraftKings, Economy, FanDuel, GLPI, Golden Nugget, history, Illinois, Internet gambling, Louisiana, Massachusetts, MGM Resorts International, Mohegan Sun, New Jersey, Penn National, Pennsylvania, Regulation, Rush Street Gaming, Sports, Sports betting, The Strip, Tribal, Wynn Resorts | 1 Comment

It’s lonely in Massachusetts; A dose of realism

Massachusetts gamblers are night owls. When Gov. Charlie Baker (R) ordered casinos to close at 9:30 p.m. it took a big bite out of November revenues, particularly Encore Boston Harbor, which makes half its revenue after dark. At least you … Continue reading

Posted in Bally, Charity, Culinary Union, Derek Stevens, Downtown, Economy, El Cortez, Entertainment, Florida, Genting, Health, history, Massachusetts, MGM Resorts International, New York, Penn National, Rhode Island, Sports, Sports betting, The Strip, Wall Street, Wynn Resorts | 2 Comments

Players avoid Atlantic City; Sisolak gets smoked

Americans need further economic stimulus. So, by extension, do casinos. The rebound occasioned by the CARES Act has petered out and gambling win is drooping everywhere. Also, with Covid-19 on the rampage (300,000 U.S. deaths and climbing), players seem to … Continue reading

Posted in Bally | 3 Comments