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- Ray Lebowski on Sibella scandal spreads; Supremes forestall Seminoles
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Category Archives: Boulder Strip
Uncle Sam wants your sports bet; Strip outperforms Nevada
Credit Suisse analyst Cameron McKnight had an ominous take on sports betting, as regards federal intervention and “integrity fees.” “Federal action on sports betting sounds more likely, though our contacts disagree on scope,” he warned, adding, “On integrity fees, we … Continue reading
Posted in Boulder Strip, DFS, Downtown, Economy, Illinois, Lake Tahoe, Laughlin, Mandalay Bay Massacre, Massachusetts, Mississippi, Nevada, New Jersey, New York, North Las Vegas, Sports betting, The Strip, Transportation, Wall Street
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Strip tanks in September; Adelson vs. Buffett
If you want to know what it’s hard to get financing to develop on the Las Vegas Strip you could either A) ask Steven Witkoff or B) look at the latest, very blah numbers from September — $546 million. That 4% … Continue reading
Posted in Boulder Strip, Downtown, Economy, Election, Environment, Lake Tahoe, Laughlin, Reno, Sheldon Adelson, The Strip, Tourism
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Dog days on the Strip
August numbers are in and casinos on the Las Vegas Strip tanked, down 12.5%. Credit Suisse analyst Cameron McKnight called this result “not as bad as feared,” which prompts one to wonder what a worst-case scenario would look like. The … Continue reading
Strip gets hammered, locals not so much
While some analysts were expecting the Las Vegas Strip to be only slightly off last year’s pace (another benchmark that seems unlikely to be repeated, shades of 2007), their guidance evidently didn’t foresee an almost 6% miss, coming at $533 … Continue reading
Posted in Boulder Strip, Downtown, Lake Tahoe, Laughlin, Marijuana, North Las Vegas, Reno, The Strip
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Strip strong in June
Las Vegas Strip casinos had a bonny June, up 5.5% and grossing $524 million. Statewide, the numbers were +4% and $933 million. The house won big at baccarat, shooting up 12% only 1% greater wagering. Non-baccarat table games posted a … Continue reading
Posted in Boulder Strip, Downtown, Lake Tahoe, Laughlin, Mesquite, Nevada, North Las Vegas, Reno
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Vegas’ tourism slump halts; Do the Time Warp
Las Vegas city fathers need to stop frowning on Electronic Daisy Carnival and embrace it. EDC saved their bacon in May, stopping a prolonged slide in Vegas visitation, which bottomed out and made the slightest of upward bounces. While occupied … Continue reading
Posted in Arizona, Boulder Strip, Downtown, Entertainment, Florida, Lake Tahoe, Laughlin, Mandalay Bay Massacre, Mesquite, MGM Mirage, Nevada, North Las Vegas, Reno, The Strip, Tourism
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Boyd downsizes on Boulder Strip; Freeman leaves AGA
Some of you may have wondered what Boyd Gaming was doing by owning two side-by-side casinos on the Boulder Strip — adding Eastside Cannery to Sam’s Town. The marketplace may have had some confusion, too. After all, locals do not … Continue reading
April is the kindest month
Gaming grosses were up 5% on the Las Vegas Strip last month and locals casinos did spectacularly well, seeing a 14% increase. The statistics are even more impressive when you take into account one less weekend day than in 2017 … Continue reading
Posted in Bally Technologies, Boulder Strip, Downtown, Lake Tahoe, Laughlin, Mesquite, North Las Vegas, Regulation, Reno, Taxes, The Strip, Tribal
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Las Vegas numbers perplex; Macao shatters expectations
While Las Vegas, as mentioned earlier, is slogging through a 10-month visitation slump, you wouldn’t know it from March’s gaming-revenue numbers, which were 9% higher on the Las Vegas Strip ($574 million), although locals casinos took a 5% hit. Deutsche … Continue reading
Posted in Atlantic City, Boulder Strip, Boyd Gaming, California, Colorado, Delaware, Downtown, Economy, Eldorado Resorts, Entertainment, Florida, Galaxy Entertainment, Harrah's, Illinois, Lake Tahoe, Laughlin, Macau, Melco Resorts & Entertainment, Mesquite, MGM Mirage, Mississippi, Nevada, New York, North Las Vegas, Ohio, Penn National, Reno, Rhode Island, Sheldon Adelson, Sociedade de Jogos de Macau, The Strip, Wall Street, West Virginia, Wisconsin, Wynn Resorts
1 Comment
Las Vegas: Whales to the rescue
Las Vegas Strip gaming revenues far overshot projections for last month, finishing 11.5% higher, grossing $603.5 million. This is in large part due to baccarat revenues, a cosmic 82.5% higher on a staggering 59% increase in wagering, “likely reflecting some … Continue reading
Posted in Boulder Strip, Boyd Gaming, California, Culinary Union, Downtown, Economy, Genting, Lake Las Vegas, Lake Tahoe, Mesquite, New York, North Las Vegas, Reno, Station Casinos, The Strip, Tribal, Wall Street
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Strip weak, locals strong, Reno supercharged; Stanley Ho’s empire crumbles
January got the Las Vegas Strip off to a less-than auspicious start, with revenues dropping 9% from 2017. Locals casinos, meanwhile, were living it up, as revenue rose 8%, thanks in part to New Year’s Eve weekend slot drop being … Continue reading
Posted in Arkansas, Boulder Strip, Colony Capital, Columbia Sussex, Downtown, Economy, Election, Foxwoods, Galaxy Entertainment, Harrah's, Lake Tahoe, Laughlin, Lucky Dragon, Macau, Melco Resorts & Entertainment, Mesquite, MGM Mirage, Nevada, North Las Vegas, Pennsylvania, Politics, Racinos, Sheldon Adelson, Sociedade de Jogos de Macau, Steve Wynn, The Strip, Wall Street, Wynn Resorts
2 Comments
Caesars takes the lead; Fortune Cup comes to Vegas
In the wake of yet another senseless mass shooting, Caesars Entertainment is making guest security a priority (not to imply that it wasn’t earlier). From now on, Caesars security personnel will be empowered to enter guest rooms once every 24 hours, … Continue reading
Baccarat slays the Strip
Gaming revenues on the Las Vegas Strip continued to dip in December, down 3% ($571.5 million). Baccarat tore a hole through gaming receipts, with the house plunging 30% on 9% less wagering. Non-baccarat table games fared much better, up 7.5%. … Continue reading
Posted in Boulder Strip, Economy, Eldorado Resorts, Environment, Illinois, Indiana, Lake Tahoe, Laughlin, Missouri, North Las Vegas, Pennsylvania, Reno, Taxes, The Strip
1 Comment
Strip’s Thanksgiving turkey; Sports betting overhyped?
Despite a neutral calendar (i.e., same number of weekend days) and a 2% increase in baccarat wagers, the Las Vegas Strip managed to plummet 25% in table game win, pulling overall revenue 6% downward. Had it not been for that game, … Continue reading
E-sports comes to Macao; Donald Trump, thief
Staying with the curve, Macao is going after the e-sports phenomenon. Sociedade de Jogos de Macau held the protectorate’s first e-sports tournament, at Grand Lisboa. Nine international teams competed for a $300K pot. “E-Sports is an emerging industry with huge growth … Continue reading
Posted in Boulder Strip, Donald Trump, e-sports, Galaxy Entertainment, Macau, Marijuana, Melco Resorts & Entertainment, Philippines, Security, Sociedade de Jogos de Macau, Steve Wynn, Westgate LV
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Strip loses, locals joints win; Aristocrat hooks Big Fish
Given the robustness of October 2017, last month’s Las Vegas Strip revenues ($529 million) were already facing a difficult comparison and the Stephen Paddock shooting spree didn’t help matters. Gambling revenues fell 6% last month along Las Vegas Boulevard. (Statewide, … Continue reading
Strip waxes, LV locals wane; Caesars sticks it to you
Gaming revenues inched up 3% in Nevada last August, while the Las Vegas Strip was up 5%, to $568 million. JP Morgan analyst Joseph Greff wrote that the latter implied “strong 3Q for MGM table games given WYNN and LVS’ combined 3Q … Continue reading
Posted in Boulder Strip, Downtown, Economy, Entertainment, Genting, Greenwood Racing, Harrah's, International, Internet gambling, Lake Tahoe, Laughlin, Mesquite, MGM Mirage, Nevada, North Las Vegas, Pennsylvania, Regulation, Reno, Sheldon Adelson, Steve Wynn, The Strip, Wall Street
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A modest proposal; Boyd on the prowl
Warning: You’re probably not going to like this post. That being said, the catastrophe at Mandalay Bay demands a more proactive response from the casino industry. There is always a certain element of risk in life, but we can ameliorate … Continue reading
Posted in Boulder Strip, Boyd Gaming, G2E, Geoff Freeman, history, Law enforcement, Louisiana, Macau, Mandalay Bay Massacre, Massachusetts, MGM Mirage, Palms, The Strip, Wall Street
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Hot numbers in August; MGM Cotai postponed
Although visitation to Las Vegas was down 2% in August, room revenues and rates were both up 3% (with a hotel room costing you $125/night on average) and occupancy at 91%. JP Morgan analyst Joseph Greff credited the Floyd Mayweather-Conor McPherson … Continue reading
Posted in Atlantic City, Boulder Strip, Colony Capital, Cosmopolitan, Downtown, Economy, Fontainebleau, Foxwoods, Hard Rock Hotel, International, Lake Tahoe, Laughlin, Macau, MGM Mirage, Mohegan Sun, North Las Vegas, Politics, Problem gambling, Regulation, Reno
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Strip disappoints, locals casinos dominate; Indiana ignores tribal casino
Poor table play punished the Las Vegas Strip last month, driving revenues down 8%. Locals casinos, by contrast, were up 13%, possibly helped by some end-of-June coin lingering in the slot hoppers. But, if so, what’s the Strip’s excuse for … Continue reading
Posted in Boulder Strip, Boyd Gaming, Charity, Downtown, Economy, Environment, Harrah's, Indiana, International, Japan, Lake Tahoe, Laughlin, Lawrence Ho, Louisiana, Macau, Majestic Star, Marketing, MGM Mirage, Missouri, Nevada, North Las Vegas, Pansy Ho, Pennsylvania, Regulation, Reno, Sheldon Adelson, Taxes, The Strip, Tribal, West Virginia
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