Category Archives: BetMGM

A Dream deferred; Lost Virginity; Tennessee tax trouble

Posted on March 21, 2023 by David McKee

Don’t look now, Las Vegas but we may have another failsino on our hands. Construction has ground to a total halt on Dream, the south-Strip resort project that looked like a sure thing not so long ago. Developer Bill Shopoff … Continue reading →

Posted in Barstool Sports, BetMGM, Caesars Entertainment, California, Detroit, DraftKings, Failsinos, FanDuel, FoxBet, Hard Rock International, Health, Illitch Family, Internet gambling, Kentucky, Macau, MGM Resorts International, Michigan, Nevada, Penn National, Politics, Regulation, Sports betting, Taxes, Tennessee, The Strip, Tribal, Virgin Hotels, Virginia, Wynn Resorts | Comments Off

Pennsylvania up; Arizona blunder; Über-Mega-Jottings

Posted on March 20, 2023 by David McKee

At $277 million, Pennsylvania casinos were 2% higher in February than last year, although a 12% declivity from go-go 2019 is further indication of a slowing recovery in gaming. Then again, after having reached record altitudes last year, how much … Continue reading →

Posted in Arizona, Atlantic City, Barstool Sports, BetMGM, Boyd Gaming, Caesars Entertainment, Canada, Century Casinos, Churchill Downs, Cordish Co., Dining, DraftKings, FanDuel, Greenwood Racing, Hard Rock International, Health, Internet gambling, Kansas, Kentucky, Lotteries, LVCVA, M Resort, Maine, MGM Resorts International, Minnesota, Mississippi, Missouri, New Jersey, New York, Penn National, Pennsylvania, Politics, Problem gambling, Real Estate, Regulation, Rush Street Gaming, Scientific Games, Slot routes, Sports betting, Taxes, The Strip, Tribal, Unite-Here, WInd Creek | Comments Off

Atlantic City up, Louisiana down; Steve Wynn’s revenge

Posted on March 17, 2023 by David McKee

Gambling revenues inched upward in New Jersey, plus 1% statewide, mainly driven by Internet casinos (+9%). In Atlantic City, slot winnings rose 3.5% to ($159 million) on 4% more coin-in but tables slipped 4.5% to $54 million as wagering dipped … Continue reading →

Posted in AGA, Atlantic City, Bally, Barstool Sports, BetMGM, Boyd Gaming, Caesars Entertainment, Carl Icahn, Chicago, China, Churchill Downs, Columbia Sussex, Conventions, CQ Holdings, DraftKings, Election, FanDuel, Golden Nugget, Hard Rock International, Illinois, Illitch Family, Internet gambling, Kentucky, Law enforcement, Louisiana, MGM Resorts International, Mohegan Sun, Neil Bluhm, New Jersey, Ocean Resort, Penn National, PointsBet, Politics, Rush Street Gaming, Slot routes, Sports betting, Steve Wynn, The Strip, Tourism, Unite-Here, Wall Street, Wynn Resorts | Comments Off

Gambling revenues still looking up; Mega-Jottings

Posted on March 14, 2023 by David McKee

Maryland aside, gambling revenues continue to trend upward. Even in Iowa, where they nudged only 1% higher from last year (undoubtedly due to new competition from Nebraska) but were high heavens (+38%) over 2019, aka the good old days. Indiana’s … Continue reading →

Posted in Arizona, Atlantic City, Bally, Barstool Sports, Baseball, BetMGM, Boyd Gaming, Caesars Entertainment, Century Casinos, Cretins, DFS, DraftKings, FanDuel, Full House Resorts, Genting, Georgia, Golden Nugget, Hard Rock International, Indiana, Iowa, Marketing, Massachusetts, Missouri, Movies, New York, Penn National, Politics, Reno, Sports betting, Tribal, United Kingdom, Wynn Resorts | Comments Off

Atlantic City in winter; Ohio rebounds; Lightfoot booted

Posted on March 1, 2023 by David McKee

Given a slow news day, let’s finally catch up with our East Coast bureau and see what’s been happening on the Boardwalk. First off, demerits to Ocean Casino Resort for contributing in its own small way to climate change by … Continue reading →

Posted in Atlantic City, Bally, Barstool Sports, BetMGM, Boyd Gaming, Caesars Entertainment, Chicago, Churchill Downs, DraftKings, Entertainment, FanDuel, Golden Nugget, Hard Rock International, Jack Entertainment, Marketing, MGM Resorts International, Ocean Resort, Ohio, Penn National, Politics, Sports betting, Taxes | 1 Comment

Vegas booming; Churchill Downs “messy”; Mega-Jottings

Posted on February 28, 2023 by David McKee

Nevada gambling winning catapulted 18% last month—yes, almost a 20% increase over post-Covid numbers (although January 2022 was dampened by Omicron). The good times just keep on rolling, to the tune of $1.2 billion. The Las Vegas Strip led the … Continue reading →

Posted in Alabama, Aristocrat, Arizona, Atlantic City, Bally, Baseball, BetMGM, Boulder Strip, Century Casinos, Churchill Downs, Culinary Union, Downtown, DraftKings, Environment, Fontainebleau, Georgia, GLPI, Hard Rock International, Horseracing, Indiana, International, Internet gambling, Iowa, Lake Tahoe, Laughlin, Lotteries, Maverick Gaming, Mesquite, MGM Resorts International, Mohegan Sun, Movies, Nevada, New Hampshire, New York, North Carolina, North Las Vegas, Peninsula Pacific, Pennsylvania, Phil Ruffin, Politics, Reno, Resorts World LV, Rush Street Gaming, Slot routes, South Korea, Sports betting, Technology, The Rio, The Strip, Tribal, United Kingdom, Vici Properties, Virginia, Wall Street, Washington State, Wendover | 1 Comment

Caesars hedges on NYC; Buyer’s remorse in Ohio

Posted on February 22, 2023 by David McKee

Although he currently has the frontrunner for a Manhattan casino, Caesars Entertainment CEO Tom Reeg is waffling a bit. Potentially ceding momentum to deep-pocketed rivals like Wynn Resorts and Las Vegas Sands, Reeg said Caesars wouldn’t get into an “arms … Continue reading →

Posted in Bally, Barstool Sports, BetMGM, Caesars Entertainment, Chicago, Detroit, DraftKings, FanDuel, Illitch Family, Indiana, Internet gambling, Las Vegas Sands, Louisiana, Massachusetts, Mattress Mack, MGM Resorts International, Michigan, Nebraska, New Hampshire, New York, Ohio, Penn National, Politics, Racinos, Regulation, Rush Street Gaming, Sports, Sports betting, Taxes, Texas, The Strip, Virginia, Wall Street, Wynn Resorts | Comments Off

How the mighty have fallen; Pennsylvania saturated

Posted on February 20, 2023 by David McKee

Pity poor fellow Kelsey Grammer. The superb actor (Boss) and Shakespearean leading man has been reduced to tending bar at an Atlantic City casino. And not some prestigious Boardwalk gambling hall but last-place Golden Nugget. As our East Coast correspondent, … Continue reading →

Posted in Atlantic City, Barstool Sports, BetMGM, Boulder Strip, Boyd Gaming, Caesars Entertainment, Canada, Churchill Downs, Cordish Co., Dining, DraftKings, Entertainment, FanDuel, Golden Gaming, Greenwood Racing, Internet gambling, Iowa, Mohegan Sun, Movies, Penn National, Pennsylvania, Politics, Rush Street Gaming, Sports betting, United Kingdom, Virginia, WInd Creek | 1 Comment

Atlantic City leaps; DraftKings beats The Street

Posted on February 17, 2023 by David McKee

Gambling revenues in Atlantic City defied the cold last month, surging 15% to $212 million. Borgata, naturally, led the market with $58.5 million, a 20.5% vault. Next up was Hard Rock Atlantic City with $36 million, a 3.5% nudge, followed … Continue reading →

Posted in Atlantic City, Bally, Barstool Sports, BetMGM, Boyd Gaming, Caesars Entertainment, Canada, Churchill Downs, CQ Holdings, DraftKings, FanDuel, Golden Nugget, Hard Rock International, Louisiana, Marketing, Maryland, Massachusetts, MGM Resorts International, Mohegan Sun, Ocean Resort, Ohio, Penn National, Wall Street | Comments Off

Big Bally’s shakeup; Smoking swatted; Mega-Jottings

Posted on February 13, 2023 by David McKee

Back on Jan. 25, we wrote that Bally’s Corp. CEO Lee Fenton was “possibly laying the groundwork for his own exit,” when he said, The pandemic boosted our business and we continued to hire at full pelt. I now can … Continue reading →

Posted in Atlantic City, Bally, Barstool Sports, BetMGM, Boyd Gaming, Caesars Entertainment, Chicago, Cretins, DFS, Dining, Donald Trump, DraftKings, FanDuel, Genting, Health, Horseracing, International, Internet gambling, Lake Tahoe, Massachusetts, MGM Resorts International, Minnesota, Mohegan Sun, New Jersey, New York, Penn National, PointsBet, Politics, Real Estate, Regulation, Rhode Island, Rush Street Gaming, South Korea, Sports, Sports betting, The Strip, Tourism, Tribal, TV, United Kingdom, Vici Properties, Virginia, Wall Street, Wynn Resorts | Comments Off

Wall Street lauds Station, Wynn, MGM

Posted on February 9, 2023 by David McKee

Station Casinos posted impressive 4Q22 numbers—if not as impressive to Deutsche Bank analyst Carlo Santarelli as Boyd Gaming‘s. Still, net revenues were up 2% and cash flow improved 3.5% (Boyd did 7% and 13%, respectively.) Santarelli liked Station’s improved margins … Continue reading →

Posted in Animals, Architecture, BetMGM, Boyd Gaming, California, Conventions, Cosmopolitan, Economy, Encore, Macau, Maryland, Massachusetts, Mattress Mack, MGM Resorts International, Palms, Real Estate, Sports, Sports betting, Station Casinos, The Strip, Tourism, Tribal, Wall Street, Wynn Resorts | Comments Off

Boyd buoyed; Penn damned with faint praise; Mega-Jottings

Posted on February 3, 2023 by David McKee

It was a good day yesterday for Boyd Gaming as it trotted out its 4Q22 numbers. Cash flow healthily overshot Wall Street expectations and was powered by, among other things, better-than-2019 visitation by that Boyd mainstay, players from Hawaii. Wrote … Continue reading →

Posted in Arizona, Barstool Sports, BetMGM, Boulder Strip, Boyd Gaming, Caesars Entertainment, California, Canada, Churchill Downs, Cretins, Dining, Downtown, DraftKings, Election, Failsinos, FanDuel, Georgia, Hard Rock International, Hawaii, Illinois, Indiana, Internet gambling, Iowa, Kansas, Louisiana, M Resort, MGM Resorts International, Mississippi, New York, Ohio, Penn National, Sports betting, Station Casinos, The Strip, Tribal, Wall Street, West Virginia | Comments Off

Sands impresses; Trump’s new Mob pal; Boardwalk blotter; Mega-Jottings

Posted on January 27, 2023 by David McKee

Wall Street was in a sunny mood this week after Las Vegas Sands‘ 4Q22 earnings presentation. As Credit Suisse analyst Ben Chaiken summarized, “two large takeaways in our view were strength in Singapore and what we felt was a positive … Continue reading →

Posted in Animals, Atlantic City, Bally, Baseball, BetMGM, Caesars Entertainment, Charity, China, Colorado, Cretins, Derek Stevens, Dining, Donald Trump, Entertainment, FanDuel, Florida, history, IGT, Indiana, Iowa, Japan, Las Vegas Sands, Macau, Marijuana, Marketing, Massachusetts, Movies, New Jersey, New York, Pennsylvania, Politics, Singapore, South Korea, Sports, Sports betting, Taxes, Technology, Texas, The Mob, The Strip, Tilman Fertitta, Tourism, Transportation, Tribal, TV, Vici Properties, Wall Street | 4 Comments

Bluhm blows smoke; Detroit declines; Bally’s sheds jobs

Posted on January 25, 2023 by David McKee

No, that isn’t a new big-box retail outlet (which its entrance rather resembles) but Rivers Portsmouth, the first permanent casino to open in Virginia. On hand were Allen Iverson, a marching band, a gaggle of local politicians … and the … Continue reading →

Posted in Bally, Barstool Sports, BetMGM, Caesars Entertainment, Detroit, Diversity, DraftKings, FanDuel, Greenwood Racing, Hawaii, Health, Illitch Family, Internet gambling, Macau, Marketing, Maryland, Massachusetts, MGM Resorts International, Michigan, Penn National, Rush Street Gaming, Sports betting, Technology, United Kingdom, Virginia, Wall Street, Wynn Resorts | 1 Comment

‘Fight’ club; New Horseshoe powers Louisiana

Posted on January 20, 2023 by David McKee

Having experienced buyer’s remorse on DFS site Monkey Knife Fight, and now trying to re-sell it, Bally’s Corp. finds itself with a ton of Monkey Knife Fight-branded merchandise that it must unload. After all, if it finds a pigeon, er, … Continue reading →

Posted in Atlantic City, Bally, BetMGM, Boyd Gaming, Caesars Entertainment, Canada, Churchill Downs, CQ Holdings, DFS, FanDuel, Golden Nugget, Internet gambling, Law enforcement, Louisiana, Marketing, Massachusetts, New York, Ohio, Penn National, PointsBet, Politics, Problem gambling, Regulation, Resorts World LV, Security, Silverton, Sports betting, Station Casinos, Taxes, The Strip, Wall Street | Comments Off

Pennsylvania soft; Gray Lady panics; Smooth criminal

Posted on January 19, 2023 by David McKee

Gambling revenues in the commonwealth of Pennsylvania slipped just a bit last month, as 2022 continued to go out mostly quietly. The $298 million haul was 1% off December 2021’s pace. While there was some softening of the market, we … Continue reading →

Posted in Barstool Sports, BetMGM, Boyd Gaming, Caesars Entertainment, Churchill Downs, Cordish Co., DraftKings, FanDuel, Internet gambling, Law enforcement, Marketing, Mohegan Sun, Nevada, New York, Penn National, Pennsylvania, Rush Street Gaming, Sports betting, WInd Creek | 2 Comments

Solid finish in Atlantic City; Tough love elsewhere

Posted on January 18, 2023 by David McKee

Casinos closed out 2022 up 2% in December in Atlantic City. Before any gaming bosses start wringing their hands over higher costs, let it be known that this is 3% better than December 2019, before the latest collective-bargaining agreement. The … Continue reading →

Posted in Atlantic City, Bally, Barstool Sports, BetMGM, Caesars Entertainment, Diversity, DraftKings, FanDuel, Golden Nugget, Hard Rock International, Health, Internet gambling, Macau, Maine, Marketing, Massachusetts, MGM Resorts International, Mohegan Sun, Ocean Resort, Palms, Regulation, Resorts World LV, Sports betting, The Strip | Comments Off

Indiana dims; Sands: Make mine Nassau; Mega-Jottings

Posted on January 13, 2023 by David McKee

Gaming revenues dipped last month in Indiana, achieving $204 million, a 3.5% year/year decline. Hard Rock Northern Indiana ($34 million, +4%) continues to ransack its competitors. Horseshoe Hammond was closest, grossing $26 million but down 13.5%, while Ameristar East Chicago … Continue reading →

Posted in Animals, Architecture, Arizona, Atlantic City, Bally, Barstool Sports, BetMGM, Boyd Gaming, Caesars Entertainment, Churchill Downs, Culinary Union, Dining, DraftKings, FanDuel, Fontainebleau, Full House Resorts, Genting, Greenwood Racing, Hard Rock International, Illinois, Indiana, International, Internet gambling, Las Vegas Sands, Louisiana, New York, Penn National, Pennsylvania, PointsBet, Politics, Resorts World LV, Rush Street Gaming, Sports betting, Texas, Wall Street | 1 Comment

Atlantic City focus

Posted on January 11, 2023 by David McKee

Since we’re heavily occupied today with “Question of the Day” submissions, Sports Betting Operator features, a CDC Gaming Reports story and Casino Life page proofs, we’ll turn most of the S&G space over to our East Coast bureau, who has … Continue reading →

Posted in Arizona, Atlantic City, Bally, BetMGM, Caesars Entertainment, Chicago, Dining, DraftKings, Entertainment, FanDuel, Golden Nugget, Hard Rock International, Marketing, Movies, Ocean Resort, Security, Sports betting, Wayne F. Newton | Comments Off

Station scores; New York OSB boffo … for state, that is; Kosar sacked; Renegade slots reconsidered

Posted on January 9, 2023 by David McKee

Station Casinos is $62 million richer after unloading $56.5 acres of land near South Point to HCA Healthcare, a hospital chain. Don’t worry about Station’s plans to challenge Michael Gaughan for sub-Strip supremacy: It’s still harboring 126 acres of scrubland … Continue reading →

Posted in Animals, Bally, BetMGM, Caesars Entertainment, Diversity, DraftKings, FanDuel, Las Vegas Sands, Macau, Michael Gaughan, Missouri, Movies, New York, Ohio, PointsBet, Politics, Real Estate, Regulation, Rush Street Gaming, Slot routes, Sports, Sports betting, Station Casinos, Taxes, Transportation, TV, Wynn Resorts | 2 Comments