Category Archives: Bally

MGM, Penn disappoint, Golden droops; Tilman’s gambit

Posted on November 4, 2022 by David McKee

Dragged down the golden albatross that is Macao, earnings of MGM Resorts International missed analysts’ projections by a whopping $1.61 per share for a 3Q22 loss of $1.39/share. More’s the pity, as MGM did so many things right. Wall Street … Continue reading →

Posted in Bally, Barstool Sports, Baseball, BetMGM, Caesars Entertainment, California, China, CityCenter, Conventions, Cosmopolitan, Detroit, DraftKings, Economy, Election, Full House Resorts, GLPI, Golden Gaming, Health, Illinois, Internet gambling, Iowa, Japan, Laughlin, M Resort, Macau, Maryland, Mattress Mack, MGM Resorts International, Mississippi, Nevada, New York, Ohio, Penn National, Pennsylvania, Rush Street Gaming, Singapore, Slot routes, South Korea, Sports, Sports betting, The Rio, The Strip, Tilman Fertitta, Tribal, Wall Street, Wynn Resorts | 1 Comment

Caesars Strip-tease; Slot flea swatted; Biden targets resort fees

Posted on November 2, 2022 by David McKee

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

Atlantic City beat; MGM Cotai padlocked; Adelson buys Abbott

Posted on October 31, 2022 by David McKee

“Did Bally’s open a casino in Atlantic City and forget to tell anyone about it?” So asks our East Coast correspondent. “This is Bally’s yesterday (Sunday). A few casinos here would have more customers during a snow storm than this.” … Continue reading →

Posted in Atlantic City, Bally, Chicago, China, Dining, Election, Entertainment, Golden Nugget, Health, Illinois, Macau, Marketing, MGM Resorts International, Mississippi, Ocean Resort, Penn National, Texas, United Kingdom, Vermont | 2 Comments

Station accentuates positives; Wynn gets richer, Adelson poorer

Posted on October 28, 2022 by David McKee

Do Station Casinos execs really want to double their footprint in seven years? Yesterday they reported flat 3Q22 revenues of $414.5 million, all but $3 million of which were Vegas-derived, unwittingly highlighting the company’s exposure to a single market. Company … Continue reading →

Posted in Bally, Boulder Strip, Caesars Entertainment, California, Charity, Downtown, e-sports, Economy, Election, Galaxy Entertainment, Hard Rock International, International, Internet gambling, James Packer, Las Vegas Sands, Louisiana, Macau, MGM Resorts International, New Jersey, Pansy Ho, Real Estate, Sports betting, Station Casinos, Steve Wynn, The Strip, Wall Street, World Series of Poker, Wynn Resorts | 1 Comment

Slow days in Philly; Georgia pines for casinos, not sports betting

Posted on October 24, 2022 by David McKee

Since a picture is supposed to be worth a thousand words, we’ll let these photos do the talking.

Posted in Atlantic City, Australia, Bally, Barstool Sports, Boyd Gaming, Caesars Entertainment, Canada, Cordish Co., Cretins, Dining, Georgia, Golden Nugget, Illinois, International, Internet gambling, Kazuo Okada, MGM Resorts International, Ocean Resort, Oklahoma, Penn National, Pennsylvania, Philippines, Regulation, Sahara, South Dakota, Sports betting, United Kingdom, Virginia, World Series of Poker | 2 Comments

Upsurge in Louisiana; Stitt stiffed; Fubo Sportsbook folds

Posted on October 21, 2022 by David McKee

In a major reversal of fortune, Louisiana casino revenue vaulted 18.5% over September 2021. Foot traffic rose 41.5%, which more than made up for thriftier gamblers: On average they lost 16% less per player. It helped the year/year comparison that … Continue reading →

Posted in Animals, Bally, BetMGM, Boyd Gaming, Caesars Entertainment, California, Churchill Downs, CQ Holdings, DraftKings, Election, FanDuel, Louisiana, New York, Oklahoma, Palms, Penn National, San Manuel Band of Mission Indians, Scott Butera, Sports, Sports betting, The Strip, Tilman Fertitta, Tribal, Wynn Resorts | 2 Comments

Atlantic City slows, Massachusetts doesn’t; Mega-Jottings

Posted on October 18, 2022 by David McKee

Atlantic City casinos grossed $252 million last month, up 1% year/year. A 2.5% hop in slot revenue ($186.5 million) on 1% more coin-in more than made up for a 2% dip in table win ($63.5 million) on 5% lower wagering. … Continue reading →

Posted in Alabama, Atlantic City, Bally, Barstool Sports, BetMGM, Caesars Entertainment, Canada, DraftKings, Election, FanDuel, G2E, Golden Nugget, Hard Rock International, International, Internet gambling, Louisiana, Massachusetts, MGM Resorts International, Mohegan Sun, New York, Ocean Resort, Penn National, Regulation, Scientific Games, Sports betting, Tribal, United Kingdom, Wisconsin, Wynn Resorts | 1 Comment

Caesars bares all; Midwest flattens; Adelson pledges neutrality

Posted on October 14, 2022 by David McKee

Landing a meeting with Caesars Entertainment CEO Tom Reeg, as well as several top execs, J.P. Morgan analyst Joseph Greff didn’t hear so much as a peep about the mooted Las Vegas Strip asset sale, which he assumes is on … Continue reading →

Posted in Bally, Barstool Sports, Boyd Gaming, Caesars Entertainment, Canada, Century Casinos, Churchill Downs, Derek Stevens, DraftKings, Economy, Election, Full House Resorts, Golden Gaming, Hard Rock International, Illinois, Indiana, Jack Entertainment, Macau, Marketing, Maryland, MGM Resorts International, Missouri, Penn National, Sports, Sports betting, Station Casinos, The Strip, Tribal, Wall Street, Wynn Resorts | 3 Comments

Atlantic City update; G2E convenes; Penn upgrades

Posted on October 10, 2022 by David McKee

Happy Indigenous Peoples Day, especially to our tribal readers. We’re spending it nursing a nasty case of strep throat and distantly following Global Gaming Expo, which convenes today at the newly expanded Las Vegas Convention Center. This year’s G2E, like … Continue reading →

Posted in Atlantic City, Australia, Bally, BetMGM, Caesars Entertainment, Culinary Union, Dan Lee, Dining, DraftKings, FanDuel, G2E, Genting, GLPI, Golden Nugget, Health, Illinois, Kazuo Okada, Law enforcement, M Resort, Macau, MGM Resorts International, New York, Ocean Resort, Ohio, Penn National, Philippines, PointsBet, Regulation, Rush Street Gaming, Sports betting, Star Entertainment, Station Casinos, Taxes, Technology, Tilman Fertitta, Wall Street, Wynn Resorts | 1 Comment

Killing spree on Strip; Tilman’s newest erection revealed

Posted on October 7, 2022 by David McKee

Alas, today’s top story is of the “If it bleeds, it leads” variety and is written out of sheer necessity, not desire. A thirty-something Latino man, Yoni Barrios, is in custody after going on a knife-wielding spree in front of … Continue reading →

Posted in Bally, Caesars Entertainment, Canada, Chicago, Churchill Downs, Cordish Co., CQ Holdings, Florida, Golden Gaming, Indiana, Las Vegas Sands, Law enforcement, Louisiana, Maryland, Massachusetts, MGM Resorts International, Penn National, Sports betting, The Strip, Tilman Fertitta, Tribal, Wall Street, Wynn Resorts | 9 Comments

Report from the shore; Cretins win in Alabama

Posted on October 3, 2022 by David McKee

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

On the radio

Posted on September 30, 2022 by David McKee

What do Station Casinos, the Tropicana Las Vegas, Bally’s Corp. and the economy of the Las Vegas Strip have in common? They’re all subjects of discussion in my Friday appearance on KNPR-FM‘s State of Nevada. You can read about or … Continue reading →

Posted in Bally, Current, Station Casinos, The Strip | 1 Comment

Steve Wynn is so busted; Murder at Ocean Resort

Posted on September 28, 2022 by David McKee

Angry Florida man Steve Wynn will have to face the consequences of carrying the ChiComms’ water. Having spurned a settlement in the Justice Department’s lawsuit for failing to register as a foreign agent, he could very well find himself a … Continue reading →

Posted in Atlantic City, Bally, China, Golden Nugget, Law enforcement, Macau, Ocean Resort, Security, Sexual misconduct, Steve Wynn, Unite-Here, Wynn Resorts | 3 Comments

Voyage to Vegas, Part Two

Posted on September 27, 2022 by David McKee

Today we conclude our review of Deutsche Bank analyst Carlo Santarelli‘s recent field trip to Las Vegas. We resume with Station Casinos, which seems to be accelerating its development timetable. Once it gets Durango Station up and running, it will … Continue reading →

Posted in Australia, Bally, Baseball, Caesars Entertainment, California, Canada, Economy, Golden Gaming, Las Vegas Sands, Laughlin, Macau, Maryland, Maverick Gaming, Melco Resorts & Entertainment, MGM Resorts International, Money laundering, Nevada, Phil Ruffin, Scientific Games, Slot routes, Sports betting, Station Casinos, The Strip, TV, Wall Street, Washington State, Wynn Resorts | 3 Comments

Weekend edition

Posted on September 24, 2022 by David McKee

Internet gambling produced more than Detroit‘s casinos did for Michigan last month, $131 million to $104.5 million. Unsurprisingly, BetMGM was dominant with $49 million. Thence came DraftKings ($26.5 million) and FanDuel ($19 million). Smaller fry included BetRivers ($9 million), Caesars … Continue reading →

Posted in Atlantic City, Bally, Barstool Sports, BetMGM, Caesars Entertainment, California, Detroit, DraftKings, FanDuel, GLPI, Lake Tahoe, MGM Resorts International, Michigan, Mississippi, Nebraska, New Jersey, Penn National, Pennsylvania, Racinos, Rush Street Gaming, The Strip, Tribal, Unite-Here, Vici Properties, Wall Street, Wynn Resorts | 2 Comments

Atlantic City still surging; Aces win it all for Las Vegas

Posted on September 19, 2022 by David McKee

Casino executives in Atlantic City may continue to plead poverty but the numbers tell a different story. Last month’s tally was $274 million, up 4.5% from last year. Slot revenue was $204 million, up 3% on looser hold and 3.5% … Continue reading →

Posted in Atlantic City, Bally, Barstool Sports, BetMGM, Boyd Gaming, Caesars Entertainment, China, Churchill Downs, Cordish Co., DraftKings, FanDuel, Genting, Golden Nugget, Greenwood Racing, Hard Rock International, history, Illinois, Indiana, Internet gambling, Las Vegas Raiders, Louisiana, LVCVA, Macau, Marketing, Massachusetts, MGM Resorts International, Mississippi, Mohegan Sun, New Jersey, New York, Ocean Resort, Penn National, Pennsylvania, PointsBet, Regulation, Rush Street Gaming, Sociedade de Jogos de Macau, Sports, The Strip, Wall Street, WInd Creek, Wynn Resorts | Comments Off

Atlantic City sexism and other capers; Falling Star

Posted on September 14, 2022 by David McKee

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

George of Georges; Bally’s crumbling; Indiana dips

Posted on September 13, 2022 by David McKee

Before we go any further, bravo, bravo, arcibravo to Hard Rock International to laying some serious bread on its salaried workers. As of now, the base salary for non-tipped employees at Hard Rock casinos goes from $18/hour to $21. Hard … Continue reading →

Posted in Arizona, Atlantic City, Australia, Bally, Barstool Sports, BetMGM, Boyd Gaming, Caesars Entertainment, Chicago, Dining, DraftKings, Economy, Entertainment, FanDuel, Full House Resorts, Georgia, Illinois, Indiana, Penn National, Politics, Regulation, Rush Street Gaming, Sports, Sports betting, Tribal, United Kingdom, Virginia, Wynn Resorts | Comments Off

Horseshoe boosts St. Louis; U.K. gaming reform slowed

Posted on September 12, 2022 by David McKee

Gambling continues to prosper in Missouri, where August receipts ($161 million) were 5.5% above last year’s. Visitation was actually down 5% but per-player spending rose 11%, inflation be damned. Ameristar St. Charles was out front with $26.5 million, leaping 9%. … Continue reading →

Posted in Bally, Boyd Gaming, Caesars Entertainment, California, Century Casinos, Derek Stevens, DraftKings, Election, FanDuel, Missouri, New York, Penn National, Philippines, Regulation, Sports betting, United Kingdom | 3 Comments

Gaming levels off at high altitude; More Chicago shenanigans

Posted on September 9, 2022 by David McKee

Casino receipts are in for a quartet of states and they tell a similar tale: That gamblers are reining in their 2022 spending … but are still wagering (and losing) way more than three years ago. Hardly a picture of … Continue reading →

Posted in Bally, Baseball, Boulder Strip, Boyd Gaming, Caesars Entertainment, Chicago, Churchill Downs, Dan Lee, DraftKings, Full House Resorts, Golden Gaming, Hard Rock International, Health, Illinois, Iowa, Jack Entertainment, Kansas, Louisiana, Macau, Maryland, MGM Resorts International, Missouri, North Las Vegas, Ohio, Penn National, Politics, Sports betting, Station Casinos, TV | 4 Comments