Category Archives: Barstool Sports

Mulligan in Virginia; Caesars makes peace; Labor strife in Vegas

Posted on March 22, 2022 by David McKee

Richmond Mayor LeVar Stoney (D) is going to get his dearest wish: an electoral do-over for the Urban One casino proposal, which voters narrowly nixed at the ballot box last November. A year later, the electorate will get a chance … Continue reading →

Posted in Barstool Sports, Caesars Entertainment, Canada, Culinary Union, Dining, El Cortez, Election, Entertainment, Environment, Health, Indiana, Kentucky, Mississippi, Nevada, Ohio, Palms, Penn National, Regulation, Rush Street Gaming, South Carolina, Sports betting, Station Casinos, Taxes, TV, Unite-Here, Virginia, Wynn Resorts | Comments Off on Mulligan in Virginia; Caesars makes peace; Labor strife in Vegas

Penn’s Portnoy problem; Unexpected winners, losers in Pennsylvania; Mega-Jottings

Posted on March 18, 2022 by David McKee

That ongoing bromance between Barstool Sports founder Dave Portnoy and Penn National Gaming CEO Jay Snowden is prompting regulatory scrutiny in Indiana and even Nevada, especially as Penn girds its loins for a full Barstool buyout. That would bring the … Continue reading →

Posted in Architecture, Barstool Sports, Baseball, BetMGM, Boyd Gaming, Caesars Entertainment, Churchill Downs, Cordish Co., Detroit, DraftKings, FanDuel, Greenwood Racing, Horseracing, Indiana, International, Internet gambling, Las Vegas Sands, Marketing, Massachusetts, Mohegan Sun, Nevada, New York, Ocean Resort, Oklahoma, Penn National, Pennsylvania, Regulation, Rush Street Gaming, Sexual misconduct, Sports betting, Taxes, Tourism, Tribal, Wall Street, WInd Creek | 2 Comments

Decline of the Golden Nugget?; Bluhm gets Chicago boost

Posted on March 11, 2022 by David McKee

On March 7, our Atlantic City correspondent wrote to us, “Who took the slot machines since yesterday? They even got rid of two of the four “vanity’ Tilman Fertitta dollar Billionaire Buyer machines. (I never saw anyone at those machines). … Continue reading →

Posted in Atlantic City, Bally, Barstool Sports, BetMGM, Boyd Gaming, Caesars Entertainment, Chicago, China, Churchill Downs, Colorado, Detroit, DraftKings, Environment, FanDuel, Full House Resorts, Genting, Golden Nugget, Hard Rock International, Illitch Family, Indiana, Marketing, MGM Resorts International, Neil Bluhm, New Jersey, New York, Penn National, PointsBet, Politics, Rush Street Gaming, Scientific Games, Sports betting, Taxes, Tilman Fertitta, Tribal, Wynn Resorts | 1 Comment

Bounty in Missouri, penury in Macao

Posted on March 10, 2022 by David McKee

Customer bucks continued flowing big-time in Missouri casinos last month, up 19% over 2021. The total gross was $146 million as customers spent 2.5% more per visit and came in 16% greater numbers. Almost casinos were revenue-positive (some spectacularly so) … Continue reading →

Posted in Bally, Barstool Sports, BetMGM, Boyd Gaming, Caesars Entertainment, Century Casinos, China, DraftKings, Election, FanDuel, Galaxy Entertainment, Genting, Health, Illinois, Las Vegas Sands, Macau, MGM Resorts International, Missouri, Nevada, Penn National, Rush Street Gaming, Sociedade de Jogos de Macau, Sports, Sports betting, Taxes, Tourism, Wynn Resorts | 2 Comments

DraftKings flexes its biceps; New names, same players

Posted on March 4, 2022 by David McKee

Probably in reaction to a precipitous plunge in DKNG shares, DraftKings hosted an investor day in which it told Wall Street analysts that everything is coming up roses. Its lead point was that its ‘total addressable market’ (translation: potential bettors) … Continue reading →

Posted in Barstool Sports, Canada, Cordish Co., DraftKings, GLPI, Golden Nugget, Internet gambling, Maryland, Penn National, Pennsylvania, Scientific Games, Sports betting, Wall Street | Comments Off on DraftKings flexes its biceps; New names, same players

Wynn steals its own thunder; Atlantic City hits a downer

Posted on February 17, 2022 by David McKee

Leave it to Wynn Resorts to squelch news of a bad 4Q21—losing $256.5 million—with an, oh by the way, announcement that it was selling Encore Boston Harbor for $1.7 billion (essentially breaking even on construction costs) and leasing it back. … Continue reading →

Posted in AGA, Atlantic City, Australia, Bally, Barstool Sports, BetMGM, Caesars Entertainment, Crown Resorts, Dining, DraftKings, Dubai, Economy, FanDuel, FoxBet, Golden Nugget, Hard Rock International, Internet gambling, James Packer, Las Vegas Sands, Macau, Marketing, Massachusetts, Mattress Mack, MGM Resorts International, Michigan, Mohegan Sun, New Jersey, New York, Penn National, PointsBet, Problem gambling, Rush Street Gaming, South Korea, Sports, Sports betting, Taxes, Tennessee, Texas, The Strip, Wall Street, Wynn Resorts | Comments Off on Wynn steals its own thunder; Atlantic City hits a downer

Casinos continue to thrive; Crooks, liars and losers

Posted on February 11, 2022 by David McKee

There’s no “supply chain” issue when it comes to dollars flowing into American casinos. Take Missouri, for instance. Casino revenue sprang 15.5% over 2019 last month, for a statewide take of $145.5 million. Actual visitation was down 2o% but per-visitor … Continue reading →

Posted in Apollo Management, Bally, Bally Technologies, Barstool Sports, BetMGM, Boyd Gaming, Caesars Entertainment, Century Casinos, Churchill Downs, Cretins, DraftKings, FanDuel, Full House Resorts, Hard Rock International, Health, Illinois, Indiana, Las Vegas Sands, Law enforcement, Louisiana, Maryland, Mattress Mack, MGM Mirage, Missouri, Nevada, Penn National, Pennsylvania, PointsBet, Regulation, Reno, Rush Street Gaming, Scientific Games, Slot routes, Sports, Sports betting, Steve Wynn, Taxes, Tribal, WInd Creek, Wynn Resorts | 3 Comments

Station sets revenue records, Penn less fortunate

Posted on February 4, 2022 by David McKee

Having quietly broken ground on $750 million Durango Station, proud papa Station Casinos announced that despite “some headwinds,” the company had achieved record-level cash flow in 4Q21. “The government’s mask mandate across the state of Nevada remained in place and … Continue reading →

Posted in Barstool Sports, BetMGM, Caesars Entertainment, California, Canada, Conventions, Derek Stevens, Downtown, DraftKings, Economy, FanDuel, Hawaii, Health, history, Internet gambling, Louisiana, Marketing, Missouri, New York, Ohio, Palms, Penn National, Pennsylvania, Rush Street Gaming, Sports betting, Station Casinos, Technology, Tourism, Tribal, Wall Street, Wynn Resorts | 3 Comments

Bally’s we hardly knew ye; IGT bets big on lotteries

Posted on January 26, 2022 by David McKee

Shares of Bally’s Corp. sprang to $36.76 apiece yesterday on the news that the company’s largest stockholder wants to take Bally’s private for $2 billion. Hedge fund Standard General—founded by Bally’s Chairman Soo Kim—is offering $38/share for the mini-major and … Continue reading →

Posted in Arizona, Arkansas, Atlantic City, Bally, Barstool Sports, BetMGM, Caesars Entertainment, Churchill Downs, DraftKings, Economy, Entertainment, FanDuel, Hard Rock International, Hawaii, IGT, International, Japan, Lotteries, Massachusetts, Mississippi, Ocean Resort, Regulation, Rhode Island, Rush Street Gaming, Sports betting, Taxes, The Strip, Tribal, Wall Street, Wynn Resorts | 1 Comment

Sports betting claims first casualty; “Scam” at Caesars?

Posted on January 24, 2022 by David McKee

Online sports betting has evidently proven too rich for Wynn Resorts‘ blood. The New York Post reports that Wynn “is looking to unload its online sports-betting business at a steep discount as the fledgling niche faces painful losses from stiff … Continue reading →

Posted in Atlantic City, Barstool Sports, BetMGM, Caesars Entertainment, Cretins, Culinary Union, DraftKings, Entertainment, Hard Rock International, Health, International, Massachusetts, MGM Resorts International, Minnesota, Movies, New York, Penn National, Regulation, Sports betting, Station Casinos, United Kingdom, Wall Street, Wynn Resorts | 3 Comments

Warm breeze in Atlantic City; Indiana heats up

Posted on January 17, 2022 by David McKee

December brought an acceleration in most forms of New Jersey gambling revenue. Atlantic City casinos managed a 1.5% increase over the end of 2019 but sports betting revenue dropped 11% year/year, blamed on low hold. Sticking close to home, Internet … Continue reading →

Posted in Atlantic City, Australia, Bally, Barstool Sports, BetMGM, Boyd Gaming, Caesars Entertainment, Cordish Co., Crown Resorts, DraftKings, Entertainment, FanDuel, Full House Resorts, Golden Nugget, Hard Rock International, Indiana, Maryland, Massachusetts, MGM Resorts International, Mohegan Sun, New Jersey, New York, Ocean Resort, Peninsula Pacific, Penn National, PointsBet, Politics, Regulation, Rush Street Gaming, Sports betting, Taxes, Tribal, Virginia, Wynn Resorts | 2 Comments

Ohio, Missouri booming; Of sports and sports betting

Posted on January 10, 2022 by David McKee

Scarcely had Deutsche Bank analyst Carlo Santarelli projected 12% gaming growth in Ohio over December 2019 than the numbers came in and it was 16%. The $197 million gross showed play heating up from November, too. Slot revenue was up … Continue reading →

Posted in Bally, Barstool Sports, Boyd Gaming, Caesars Entertainment, Century Casinos, Churchill Downs, DraftKings, FanDuel, Genting, Hard Rock International, Health, Illinois, Jack Entertainment, Las Vegas Raiders, Massachusetts, Mattress Mack, MGM Resorts International, Missouri, Movies, New York, Ohio, Penn National, Politics, Rush Street Gaming, Sports, Sports betting, Station Casinos, Taxes, Technology, Tribal, TV, Wall Street | 1 Comment

Why is this man smiling?

Posted on January 3, 2022 by David McKee

Could it be because MGM Resorts International CEO Bill Hornbuckle came justhisclose to being S&G‘s Executive of the Year? Could it be for his vigorous pursuit of diversity within the lion’s house? Might it be for MGM’s very proactive “Convene … Continue reading →

Posted in Arizona, Barstool Sports, BetMGM, Caesars Entertainment, Diversity, DraftKings, FanDuel, Health, Mattress Mack, MGM Resorts International, Mississippi, Ohio, Penn National, Pennsylvania, Problem gambling, Real Estate, Regulation, Resort fees, Sports betting, Taxes, Technology, Virginia, Wall Street, Wynn Resorts | 1 Comment

Mixed signals in Pennsylvania; Atlantic City casinos get their wish

Posted on December 21, 2021 by David McKee

Despite fewer weekends than in 2019, Pennsylvania casino revenues nudged up 3% last month, albeit not a same-store comparison, what with three new casinos having opened in the interim (that would make it -9%). Slots won $185.5 million and table … Continue reading →

Posted in Atlantic City, Barstool Sports, BetMGM, Boyd Gaming, Caesars Entertainment, California, Canada, Card rooms, Churchill Downs, Cordish Co., DraftKings, FanDuel, Health, Las Vegas Raiders, Michigan, Mohegan Sun, Penn National, Pennsylvania, Politics, Rush Street Gaming, Sports, Sports betting, Taxes, Tribal, WInd Creek | Comments Off on Mixed signals in Pennsylvania; Atlantic City casinos get their wish

Atlantic City stutters; Shocker in New Orleans; Palms changes hands today

Posted on December 17, 2021 by David McKee

Casinos in Atlantic City grossed $207 million last month, an 8% declivity from 2019, as players tightened their purse strings. Overall, slot revenues were down 1% on a commensurately lower amount of coin-in. The house played unluckily at the tables, … Continue reading →

Posted in Atlantic City, Bally, Barstool Sports, BetMGM, Boyd Gaming, Caesars Entertainment, Churchill Downs, CQ Holdings, DraftKings, Election, FanDuel, Golden Nugget, Hard Rock International, Health, Internet gambling, Iowa, Louisiana, Marketing, MGM Resorts International, Michigan, Mohegan Sun, North Carolina, Ocean Resort, Palms, Penn National, Pennsylvania, Philippines, PointsBet, Rush Street Gaming, San Manuel Band of Mission Indians, Sheldon Adelson, Sports, Sports betting, Station Casinos, Technology, Tribal | 1 Comment

Slot routes seek legitimacy; FanDuel romps in Michigan

Posted on December 16, 2021 by David McKee

Black-market operators of slot routes in Missouri could achieve legitimacy next year—with the help of two out-of-state providers. Illinois‘ leading slot-route purveyors, J&J Ventures and Accel Entertainment, bitter rivals in the Land of Lincoln have put aside their differences to … Continue reading →

Posted in Animals, Bally, Barstool Sports, DraftKings, FanDuel, Genting, Hard Rock International, Health, Illinois, Illitch Family, Internet gambling, Las Vegas Sands, MGM Resorts International, Michigan, Missouri, New York, North Carolina, Penn National, PointsBet, Politics, Rush Street Gaming, Slot routes, Sports betting, The Strip, Tribal, Virginia, Wall Street, Wynn Resorts | Comments Off on Slot routes seek legitimacy; FanDuel romps in Michigan

Hard Rock, Caesars grapple; Trouble at Topgolf LV

Posted on December 10, 2021 by David McKee

There’s a battle royal in Indiana between Hard Rock Gary and Horseshoe Hammond. But before we get to that, let it be noted that—despite one less weekend than 2019—casino revenues were up 9.5% to $195 million. The two main combatants … Continue reading →

Posted in Bally, Barstool Sports, BetMGM, Boyd Gaming, Caesars Entertainment, Century Casinos, Chicago, DraftKings, FanDuel, Full House Resorts, Hard Rock International, Indiana, Missouri, Penn National, PointsBet, Rush Street Gaming, Sexual misconduct, The Strip | 1 Comment

Playing politics with sports betting … and casinos

Posted on December 9, 2021 by David McKee

Chicago Mayor Lori Lightfoot (D) has really put her foot in it this time. Not only are Windy City aldermen balking at five stadium-area sports books in addition to a billion-dollar casino, fearing cannibalization, but Lightfoot threw gasoline on the … Continue reading →

Posted in Atlantic City, Barstool Sports, Boyd Gaming, Caesars Entertainment, Chicago, Churchill Downs, Dan Lee, DraftKings, FanDuel, Full House Resorts, Hard Rock International, Health, Illinois, Jack Entertainment, Marketing, MGM Resorts International, Nevada, New Jersey, New York, Ohio, Penn National, Pennsylvania, PointsBet, Politics, Regulation, Rush Street Gaming, Sports, Sports betting, Taxes, Tribal, TV, Wall Street | 1 Comment

Strip sizzles, locals thriftier; Penn’s pride and joy

Posted on November 30, 2021 by David McKee

While tourists were more open-handed than ever, cash flow among Las Vegas locals may be drying up, as win/day fell 11% from September. By contrast, the same metric from the Las Vegas Strip was +6%. Further tipping the scales against … Continue reading →

Posted in Barstool Sports, Boulder Strip, California, Cretins, Downtown, Economy, Lake Tahoe, Laughlin, Nevada, New York, North Las Vegas, Penn National, Reno, Sports betting, The Strip, Tourism, Transportation, Wendover | 1 Comment

Chicago reveals all; Rumblings from Macao; Riot in Vegas

Posted on November 22, 2021 by David McKee

The City of Chicago unveiled the applications for its casino license late Friday, effectively burying it at the end of a news cycle, in another triumph for Mayor Lori Lightfoot (D) and her administration. The five submissions “are in line … Continue reading →

Posted in Architecture, Bally, Barstool Sports, Chicago, China, Cretins, Entertainment, Genting, Golden Gaming, Hard Rock International, Health, IGT, Illinois, Las Vegas Raiders, Macau, Maryland, Mattress Mack, Neil Bluhm, New Jersey, New York, Problem gambling, Regulation, Rush Street Gaming, Sports, Sports betting, Tourism, Transportation | 5 Comments