Category Archives: Boyd Gaming

“Green shoots” in gaming; Mega-Jottings

According to the American Gaming Association, 82 of 989 casinos in the United States have reopened, many of them in Louisiana starting today. But don’t take our word for it. Use the AGA’s Coronavirus tracker, which keeps you abreast of casino … Continue reading

Posted in AGA, Alabama, Arizona, Arkansas, Atlantic City, Boyd Gaming, Caesars Entertainment, California, Conventions, Detroit, Dining, GLPI, Golden Nugget, Health, Illinois, Iowa, Louisiana, LVCVA, M Resort, Macau, Marketing, MGM Resorts International, Michigan, Mississippi, Missouri, Ohio, Oklahoma, Penn National, Politics, Resort fees, Singapore, South Dakota, Sports, Sports betting, Station Casinos, Taxes, The Strip, Tribal, Wynn Resorts | 1 Comment

Internet gambling hits Jersey high; Hard Rock back to Vegas

April was the worst of months and best of months for New Jersey. Sports books are estimated to have lost out on $450 million in handle while Internet casinos did better than ever, raking in $80 million. “Seeing New Jersey’s retail … Continue reading

Posted in Boyd Gaming, Charity, Dining, FanDuel, Hard Rock International, Health, International, Internet gambling, Japan, Las Vegas Sands, MGM Resorts International, Michigan, New Jersey, PokerStars, Sports betting, Station Casinos, Taxes, Tilman Fertitta, Wall Street | 1 Comment

Barrack screws up (again); Boyd reopens … somewhat

Colony Capital CEO Tom Barrack is back in the news and, as usual, not in a good way. His REIT has defaulted on $3.2 billion in loans secured by 157 hotel and healthcare properties. That’s three-quarters of his holdings. Prior to … Continue reading

Posted in Boyd Gaming, Caesars Entertainment, Colony Capital, Downtown, Economy, Health, history, North Carolina, Penn National, The Strip, Tribal, Wall Street, Wynn Resorts | 4 Comments

Vegas bingo on death watch; Nevada regulators dither

Bingo is such a staple of the Las Vegas locals casino that it seems unimaginable that it would go the way of the buffet and the dodo. But such may be the case. VitalVegas author Scott Roeben says he is … Continue reading

Posted in Australia, Boyd Gaming, Crown Resorts, Downtown, Entertainment, Hawaii, Health, Idaho, James Packer, Melco Resorts & Entertainment, MGM Resorts International, Technology, Texas, The Strip, Tribal | 1 Comment

Colorado sports betting a hit; REIT bides its time

Sports betting came out of the gate strong in Colorado. One of the surprises was the amount of handle on the Los Angeles Lakers. Said DraftKings odds guru Johnny Avello, “One of the things I did find interesting was the Lakers … Continue reading

Posted in Baseball, Boyd Gaming, Colorado, DraftKings, e-sports, Eldorado Resorts, FanDuel, GLPI, Health, Horseracing, Illinois, Louisiana, Maryland, Mesquite, Pinnacle Entertainment, Sports, Sports betting, Wall Street | Comments Off on Colorado sports betting a hit; REIT bides its time

Churchill Downs curbs plans; Murren’s big payday

In its 1Q20 earnings call Churchill Downs announced some significant retrenchments. Although the company is comfortably liquid ($701 million in the kitty) it’s put four expansions on hold: Rivers Casino Des Plaines, an enlargement of Miami Valley Gaming, a $300 … Continue reading

Posted in Boyd Gaming, Caesars Entertainment, Churchill Downs, Economy, Health, Horseracing, Illinois, Internet gambling, Jim Murren, Las Vegas Sands, Massachusetts, MGM Resorts International, Regulation, Sheldon Adelson, Station Casinos, Wall Street, Wynn Resorts | 1 Comment

Shakeup at MGM, layoffs at Station

In a late-Friday night of the long knives, MGM Resorts International let go four property presidents. The official nomenclature is “laid-off” but we strongly suspect, given MGM’s history, that this prefaces a streamlining and centralization of authority. Out the door were … Continue reading

Posted in Boyd Gaming, California, CityCenter, Culinary Union, Economy, Las Vegas Sands, Macau, Massachusetts, MGM Resorts International, Penn National, Phil Ruffin, Station Casinos, The Strip, Wynn Resorts | 5 Comments

Strip clocked, locals stronger; Montana reopens first

Nevada casinos won $618 million in a Covid-19-truncated March, with the Las Vegas Strip leading the plunge with a 46% fall to $300 million. Las Vegas locals play was remarkably strong under the circumstances, down only 20.5%, although that number may … Continue reading

Posted in Atlantic City, Boulder Strip, Boyd Gaming, Donald Trump, Downtown, Economy, Election, Golden Gaming, Health, Internet gambling, Lake Tahoe, Laughlin, Mesquite, Nevada, North Las Vegas, Penn National, Pennsylvania, Reno, The Strip, Wall Street, Wendover, William Hill | Comments Off on Strip clocked, locals stronger; Montana reopens first

Boyd doing well; What price Vegas?

Boyd Gaming posted net revenues of that were down 18% for 1Q20, reflective of mid-March casino closures. JP Morgan analyst Joseph Greff termed the results ones “that reflected relatively strong trends in the first two months of the quarter.” Since … Continue reading

Posted in Boyd Gaming, California, Churchill Downs, Cosmopolitan, Derek Stevens, Downtown, Economy, Hard Rock International, Health, Horseracing, Las Vegas Sands, LVCVA, Macau, Massachusetts, MGM Resorts International, Pennsylvania, Regulation, Resort fees, The Strip, Wall Street, Wynn Resorts | 1 Comment

Carnage in Louisiana; Documentary slams MGM

Louisiana casinos grossed $97 million last month, having been closed on March 17. April appears to be a dead loss. Surprisingly, the Baton Rouge market was the least hard-hit although at -58% everything is relative. The 61% statewide plunge compares … Continue reading

Posted in Boyd Gaming, Caesars Entertainment, Charity, Churchill Downs, Dining, Eldorado Resorts, GLPI, Law enforcement, Louisiana, Mandalay Bay Massacre, MGM Resorts International, Movies, Penn National, Sahara, The Strip, Tilman Fertitta | Comments Off on Carnage in Louisiana; Documentary slams MGM

Hiccup in Virginia; Sheldon’s retail therapy

Just when it seemed like casinos in Virginia were a done deal, some last-minute tinkering by Gov. Ralph “Blackface” Northam (D) could scupper the whole deal. Northam unilaterally amended the enabling legislation to redirect two-thirds of the tax collections from … Continue reading

Posted in Boyd Gaming, Cretins, Economy, FanDuel, Hard Rock International, International, Internet gambling, Las Vegas Sands, Macau, Mohegan Sun, Pennsylvania, PokerStars, Politics, Racinos, Regulation, Rush Street Gaming, Sheldon Adelson, Singapore, Sports betting, Taxes, Tourism, Transportation, Tribal, Virgin Hotels, Virginia, Wall Street | Comments Off on Hiccup in Virginia; Sheldon’s retail therapy

Gambling in the time of Coronavirus

Editor’s note: This roundtable was originally conducted for Casino Life magazine. For reasons unrelated to content, it was ‘put in turnaround,’ as they say in Hollywood. Rather than waste a perfectly good exchange between gaming executive Yaniv Sherman and sportswriter … Continue reading

Posted in Boyd Gaming, California, Conventions, DraftKings, e-sports, FanDuel, Health, Horseracing, Illinois, International, Internet gambling, Michigan, Missouri, New Jersey, Pennsylvania, Sports, Sports betting | Comments Off on Gambling in the time of Coronavirus

Midwest: Casinos, interrupted

For some arcane reason, Illinois has not reported casino revenue for March. But we have a couple of neighboring states’ data and can conclude with reasonable certainty that it tracks with the Land of Lincoln. After a March 17 closure … Continue reading

Posted in Boyd Gaming, Caesars Entertainment, DraftKings, Economy, Elaine Wynn, Eldorado Resorts, Galaxy Entertainment, Internet gambling, Iowa, Macau, Missouri, Movies, Oregon, Pansy Ho, Penn National, Sheldon Adelson, Sports betting, Steve Wynn, Technology | 1 Comment

Las Vegas: What next and when?

While everyone from Las Vegas Mayor Carolyn Goodman up to the highest ranks of the federal government trying to rush people back to work, we’re forced to consider what Sin City will look like after the Coronavirus pandemic … and when … Continue reading

Posted in Atlantic City, Boyd Gaming, Dining, Economy, Health, Lotteries, Macau, Marketing, MGM Resorts International, Resort fees, Sports, Station Casinos, Steven Witkoff, Technology, The Strip | 3 Comments

Boyd sacks workforce; Political wagering in West Virginia

Job cuts continue at Las Vegas casinos. Boyd Gaming employees are out of jobs starting tomorrow, although health benefits will continue through June 30. For a company that’s sitting on as much cash as Boyd, that’s a strange move. Boyd’s … Continue reading

Posted in AGA, Boyd Gaming, Caesars Entertainment, Canada, Charity, Cirque du Soleil, Cosmopolitan, DraftKings, Election, FanDuel, Health, MGM Resorts International, Michigan, Sports, Sports betting, Technology, The Rio, Tourism, Tribal, TV, Wall Street, West Virginia, World Series of Poker | Comments Off on Boyd sacks workforce; Political wagering in West Virginia

Ohio, Indiana slammed; Station is ‘george’

Loss of half a month in Ohio meant a 61% plunge in casino/racino revenues, to $72 million. Although there were two fewer weekend days in the month that was as nothing compared to Coronavirus. (The calendar is neutral this month, … Continue reading

Posted in Boyd Gaming, Caesars Entertainment, Churchill Downs, Dan Gilbert, DraftKings, Economy, Eldorado Resorts, Full House Resorts, Hard Rock International, Indiana, MGM Resorts International, Ohio, Penn National, Spectacle Entertainment, Sports betting, Station Casinos | 3 Comments

Harbingers of hope

Tonight, in a gesture of defiance toward Coronavirus, a parade of vehicles will be held up the otherwise-deserted Las Vegas Strip. Led by mobile billboard Balanceville Art Car, “Light Up Las Vegas” will begin from McCarran Sunset Business Park, immediately south … Continue reading

Posted in Boyd Gaming, California, Charity, Detroit, Downtown, Health, Japan, Marketing, Penn National, Resorts World LV, Sports, The Strip | Comments Off on Harbingers of hope

Boyd opens its wallet, stringency at Scientific, improvidence at MGM

Boyd Gaming, which had previously been reported to be giving two weeks pay (misreported as one week by the Las Vegas Review-Journal) to employees idled in Las Vegas by the one-month casino shutdown, has gotten “george” and extended the hardship pay … Continue reading

Posted in Arizona, Boyd Gaming, Caesars Entertainment, China, Churchill Downs, Economy, Health, Illinois, Japan, Jim Murren, Kentucky, Las Vegas Sands, Macau, MGM Resorts International, Neil Bluhm, Nevada, New York, Oklahoma, Scientific Games, Sheldon Adelson, Tribal, Wall Street, Wynn Resorts | 2 Comments

Hard times for Atlantic City; Murren’s big payday

Atlantic City casinos have pink-slipped 6,000 workers as a gaming shutdown goes on indefinitely. Said Ocean Casino Resort CEO Terry Glebocki, “This is truly an unprecedented time not only for Ocean, but for everyone.” Unemployment claims in the Garden State … Continue reading

Posted in Atlantic City, Boyd Gaming, Caesars Entertainment, Economy, Eldorado Resorts, Hard Rock International, Health, Illinois, Indiana, Louisiana, Macau, MGM Resorts International, Morris Bailey, Ocean Resort, Penn National, Pennsylvania, Real Estate, Regulation, Sports betting, Tribal, Wall Street, Washington State | 1 Comment

Casinos in survival mode; Sports betting in Cali in peril

After this week’s stimulus vote in the U.S. Congress, the casino industry would seem to have ducked a bullet. But, depending on how much financial aid it can draw down, the question lingers over whether any operators will have to file … Continue reading

Posted in Boyd Gaming, Caesars Entertainment, California, Charity, Colorado, Economy, Election, Foxwoods, Full House Resorts, Golden Gaming, Health, Horseracing, Indiana, International, Internet gambling, Las Vegas Sands, Louisiana, MGM Resorts International, Mohegan Sun, Nevada, Oklahoma, Penn National, Problem gambling, Regulation, Sports betting, Station Casinos, Tourism, Transportation, Tribal, Wall Street, Wynn Resorts | 1 Comment