Category Archives: BetMGM

Resorts World a smash hit; Cranky Maine woman stiffs tribes

Posted on July 5, 2021 by David McKee

Some of us thought Nevada would never regain the giddy gambling heights of 2007. We were wrong. May was the best month in Silver State history, as casinos raked in $1.2 billion. (The previous high was in October 2007, on … Continue reading →

Posted in Arizona, Atlantic City, BetMGM, Caesars Entertainment, Cordish Co., DraftKings, Economy, FanDuel, Genting, Health, Maine, Marketing, Nebraska, Nevada, North Carolina, Pennsylvania, Phil Ruffin, Politics, Racinos, Resorts World LV, Sahara, Sports, Sports betting, Tennessee, Tribal, Virginia, Wynn Resorts | 2 Comments

Scientific Games goes on a diet; BetMGM stiffs player

Posted on June 29, 2021 by David McKee

This is a head-scratcher. Despite sports betting sweeping our great country, Scientific Games is opting out of the sports-wagering business. And the lottery biz, too, even though that remains a robust market segment. Reported JP Morgan analyst Joseph Greff, “management … Continue reading →

Posted in Arizona, Atlantic City, BetMGM, Churchill Downs, Cirque du Soleil, CQ Holdings, Dining, Environment, Hard Rock International, Health, Illinois, Lotteries, Louisiana, MGM Resorts International, Michigan, Rush Street Gaming, Scientific Games, Sports, Sports betting, Technology, The Strip, Tribal, Wall Street, Wynn Resorts | Comments Off on Scientific Games goes on a diet; BetMGM stiffs player

Same to you, fella; Mega-Jottings

Posted on June 21, 2021 by David McKee

We were stumped for a lead item until we got this snap from our Atlantic City bureau. One has to puzzle at Borgata‘s cretinous idea of a welcome, particularly its implicit slap at women. Did property President Melonie Johnson sign … Continue reading →

Posted in Atlantic City, Bally, BetMGM, Boyd Gaming, Caesars Entertainment, Churchill Downs, Cordish Co., Cretins, Diversity, Foxwoods, Greenwood Racing, Illinois, Las Vegas Sands, Macau, Mohegan Sun, Ohio, Penn National, Pennsylvania, Politics, Regulation, Reno, Rush Street Gaming, Sports betting, Taxes, Technology, Texas, Tribal, William Hill | Comments Off on Same to you, fella; Mega-Jottings

Louisiana up again; DraftKings hit hard

Posted on June 18, 2021 by David McKee

Casinos in Louisiana weren’t quite as phat last month as in April but still nudged up 5% overall. In New Orleans, the leader was Harrrah’s New Orleans with $27 million (+1%), followed by Boomtown New Orleans, leaping 21% to $12.5 … Continue reading →

Posted in Bally, Barstool Sports, BetMGM, Boyd Gaming, Caesars Entertainment, China, Churchill Downs, CQ Holdings, DraftKings, FanDuel, Golden Nugget, Greenwood Racing, Law enforcement, Louisiana, Penn National, Pennsylvania, Rush Street Gaming, Sports, Sports betting, Taxes, Wall Street | Comments Off on Louisiana up again; DraftKings hit hard

Atlantic City casinos rebound; Slow thaw in Massachusetts

Posted on June 17, 2021 by David McKee

Casinos in Atlantic City are finally catching up with the rest of gaming’s recovery. Last month they were only 3% off the 2019 pace. They grossed $213 million, a substantial improvement over April. Slot win was $158 million on 8% … Continue reading →

Posted in Atlantic City, Bally, BetMGM, Caesars Entertainment, Cordish Co., Dining, DraftKings, FanDuel, FoxBet, Genting, Golden Nugget, Hard Rock International, Japan, Law enforcement, Massachusetts, MGM Resorts International, Mohegan Sun, North Carolina, Ocean Resort, Penn National, Pennsylvania, PointsBet, Rush Street Gaming, Sports, Sports betting, The Strip, Wynn Resorts | Comments Off on Atlantic City casinos rebound; Slow thaw in Massachusetts

Indiana, Missouri keep rebounding; Casino boom benefits all

Posted on June 15, 2021 by David McKee

Scratch two casino riverboats in Indiana. The Majestic Star-branded flotilla went out of business—and Hard Rock Gary came in, quite auspiciously. Total Hoosier State gaming revenue for last month grew 18% over 2019 to $185.5 million. Hard Rock Gary opened … Continue reading →

Posted in Atlantic City, Bally, Barstool Sports, BetMGM, Boyd Gaming, Caesars Entertainment, Century Casinos, Connecticut, Detroit, Donald Trump, DraftKings, Economy, Entertainment, FanDuel, Full House Resorts, Hard Rock International, Indiana, Internet gambling, Law enforcement, Macau, MGM Resorts International, Michigan, Mississippi, Missouri, Peninsula Pacific, Penn National, Pennsylvania, PointsBet, Rush Street Gaming, Spectacle Entertainment, Sports, Sports betting, Taxes, The Strip, Tilman Fertitta, Tribal, Virginia, Wisconsin | 2 Comments

Las Vegas heats up; Zombies overrun Atlantic City

Posted on June 14, 2021 by David McKee

In a benchmark development, three of the four major Las Vegas Strip operators posted higher midweek rates for the July 4-July 10 period than in 2019. Caesars Entertainment was flat, probably due to its sheer proliferation of hotel rooms. MGM … Continue reading →

Posted in Atlantic City, BetMGM, Caesars Entertainment, Colony Capital, Conventions, Cordish Co., Economy, Entertainment, Indiana, Japan, Las Vegas Sands, Marketing, MGM Resorts International, Movies, Nevada, Pennsylvania, PointsBet, Rush Street Gaming, Sheldon Adelson, Sports, Sports betting, Stanley Ho, The Strip, Tourism, Transportation, TV, William Hill, Wynn Resorts | Comments Off on Las Vegas heats up; Zombies overrun Atlantic City

Trump banned; Richmond: The fix was in

Posted on June 11, 2021 by David McKee

Donald Trump won’t be opening a casino in Doral. Neither will anyone else. Not if the Doral City Council has its way. It voted unanimously to bar casino gambling within the city, which encompasses The Donald’s struggling resort. This has … Continue reading →

Posted in Australia, BetMGM, Boyd Gaming, Caesars Entertainment, Cordish Co., Donald Trump, DraftKings, Entertainment, FanDuel, Florida, Health, Iowa, Mohegan Sun, Money laundering, North Dakota, Pennsylvania, Politics, Regulation, Rush Street Gaming, Sports, Sports betting, The Strip, Tribal, Virgin Hotels, Virginia, William Hill | 3 Comments

Don’t make mine Manhattan

Posted on June 3, 2021 by David McKee

That’s the word from key legislators, who have made it clear that Gov. Andrew Cuomo (D) would be putting a casino in Manhattan over their dead bodies. “I believe it would be seriously detrimental to the residential and commercial quality … Continue reading →

Posted in Arizona, Atlantic City, Bally, BetMGM, Cosmopolitan, Entertainment, FanDuel, Genting, Georgia, Illinois, Las Vegas Sands, Marijuana, MGM Resorts International, Mohegan Sun, Nevada, New York, Politics, Regulation, Resort fees, Resorts World LV, Slot routes, Sports, Sports betting, Transportation, Wynn Resorts | 2 Comments

Louisiana advances, Pennsylvania recedes

Posted on May 19, 2021 by David McKee

Casino revenues in Louisiana enjoyed a big bounce last month, up 18% to $236 million, a substantial increase over 2019 levels. Mind you, that number was achieved without two casinos that were operational in 2019, Diamond Jacks and Isle Grand … Continue reading →

Posted in Atlantic City, Barstool Sports, Baseball, BetMGM, Boyd Gaming, Caesars Entertainment, California, Churchill Downs, Cordish Co., CQ Holdings, Detroit, Dining, Donald Trump, DraftKings, Eldorado Resorts, Entertainment, FanDuel, Golden Nugget, Greenwood Racing, Hard Rock International, Internet gambling, Louisiana, MGM Resorts International, Mohegan Sun, New York, North Carolina, Penn National, Pennsylvania, Rush Street Gaming, Sports, Sports betting, Tribal, Wall Street | 1 Comment

Hard Rock, Ocean drub Borgata; Caesars massacres shows

Posted on May 17, 2021 by David McKee

Casinos in Atlantic City grossed $189.5 million last month, 9% behind their 2019 pace. Slots were off 5% and tables 17%. Regular top-grosser Borgata had a terrible month, falling 28%, spurring by lackluster table-game winnings (-34%), with slots tumbling 25%. … Continue reading →

Posted in Atlantic City, Bally, BetMGM, Boyd Gaming, Caesars Entertainment, Conventions, DraftKings, Economy, Entertainment, FanDuel, FoxBet, Full House Resorts, Golden Nugget, Hard Rock International, Health, Indiana, Internet gambling, Lake Tahoe, MGM Resorts International, Mohegan Sun, New Jersey, Penn National, PointsBet, Rush Street Gaming, Silverton, Spectacle Entertainment, Sports, Sports betting, The Rio, The Strip, Wayne F. Newton, William Hill, Wynn Resorts | 3 Comments

Station: No more buffets, less free play; Covid? What Covid?

Posted on May 14, 2021 by David McKee

Said JP Morgan analyst Joseph Greff “not to worry, money losing buffets are not coming back” to Station Casinos. We can take this as gospel, since he got it from CEO Frank Fertitta III, Vice Chairman Lorenzo Fertitta and CFO … Continue reading →

Posted in Atlantic City, Australia, Barstool Sports, BetMGM, Boyd Gaming, California, Colorado, Crown Resorts, Dining, DraftKings, Drugs, Economy, Entertainment, FanDuel, Health, Internet gambling, Kentucky, Lotteries, Marketing, MGM Resorts International, Michigan, New York, Ohio, Palms, Penn National, Real Estate, Regulation, Reno, Silverton, Sports betting, Station Casinos, Taxes, Tribal | 3 Comments

MGM dumps Springfield; Gaming recovery a proven fact

Posted on May 12, 2021 by David McKee

MGM Resorts International isn’t quitting Springfield but it’s taking a bath on its eponymous casino in order to reduce its exposure to the (disappointing) market. MGM spent $960 million on the resort, which has never performed up to expectations, and … Continue reading →

Posted in AGA, Atlantic City, BetMGM, Caesars Entertainment, Cordish Co., Dining, DraftKings, Economy, Entertainment, FanDuel, Golden Gaming, Hard Rock International, Health, Internet gambling, Massachusetts, MGM Resorts International, Ocean Resort, Pennsylvania, Real Estate, Regulation, Resort fees, South Dakota, Sports, Sports betting, Tennessee, The Strip, Wall Street, Wynn Resorts | 1 Comment

Wynn gaining steam; Miami Beach casino juice job dismissed

Posted on May 11, 2021 by David McKee

First-quarter results for Wynn Resorts were worse than expected in Macao but better than anticipated in both Las Vegas and Boston, while the company posted a revenue chasm around Wynn Interactive. To shore up the latter, Wynn is merging it … Continue reading →

Posted in Bally, BetMGM, Boyd Gaming, Caesars Entertainment, Century Casinos, Conventions, Donald Trump, DraftKings, FanDuel, Florida, Hard Rock International, Horseracing, Illinois, Internet gambling, Macau, Marketing, Massachusetts, Missouri, Nevada, New York, Ohio, Penn National, Pennsylvania, Politics, Regulation, Seminole Tribe, Sociedade de Jogos de Macau, Sports betting, The Strip, Tourism, Tribal, TV, Virginia, Wall Street, Wynn Resorts | Comments Off on Wynn gaining steam; Miami Beach casino juice job dismissed

DraftKings’ mixed results; Penn waxes, Iowa wanes

Posted on May 7, 2021 by David McKee

DraftKings exceeded analysts’ expectations with its 1Q21 revenues, leading Credit Suisse‘s Ben Chaiken to boost his 2021 revenue projection by $100 million, to $1.1 billion, in part “reflecting strength in new states such as Michigan.” Wall Street anticipated $239 million … Continue reading →

Posted in AGA, Arizona, Barstool Sports, Baseball, BetMGM, Boyd Gaming, Caesars Entertainment, California, Derek Stevens, Diversity, DraftKings, FanDuel, Golden Gaming, Illinois, Internet gambling, Iowa, Marketing, Maryland, Michigan, Nevada, New York, Penn National, Pennsylvania, Slot routes, Sports, Sports betting, Tribal, Virginia, Wall Street, William Hill, Wynn Resorts, Wyoming | 1 Comment

MGM “roaring back”; LV recovery accelerates

Posted on April 29, 2021 by David McKee

That’s what Credit Suisse analyst Ben Chaiken had to say about MGM Resorts International, citing strength in regional casinos, Las Vegas and sports betting (in that order). First-quarter cash flow exceeded 2019 levels, aided in part by “strong demand reaching … Continue reading →

Posted in BetMGM, Charity, Colorado, Conventions, Dining, Economy, Entertainment, Health, history, Macau, Marijuana, Marketing, Maryland, Melco Resorts & Entertainment, MGM Resorts International, Movies, Nevada, Resorts World LV, Sports, Sports betting, Taxes, The Strip, Tourism, Transportation | 2 Comments

Big win for Seminoles?; Parx the deadliest track of all

Posted on April 26, 2021 by David McKee

Florida Gov. Ron DeSantis (R) succeeded where predecessor Rick Scott failed, inking a pact with the Seminole Tribe that would unlock the $35o million a year that the Seminoles have been holding in escrow. In return, the tribe gets a … Continue reading →

Posted in Animals, Bally, BetMGM, Boyd Gaming, Caesars Entertainment, Churchill Downs, Cirque du Soleil, Cordish Co., Crown Resorts, Downtown, DraftKings, Entertainment, FanDuel, Florida, Greenwood Racing, Hawaii, Horseracing, Internet gambling, James Packer, Las Vegas Sands, Massachusetts, MGM Resorts International, New York, Ohio, Pennsylvania, Politics, Regulation, Seminole Tribe, Sports betting, Taxes, Tennessee, The Strip, Transportation, Virginia, Wall Street, William Hill, Wynn Resorts | Comments Off on Big win for Seminoles?; Parx the deadliest track of all