Category Archives: Boyd Gaming

Stitt catches a break; Station, Gaughan step up to the plate

Posted on March 21, 2020 by David McKee

Did the government of Oklahoma screw up the exclusivity agreement that gave it power over tribal gambling? That’s the contention of a new legal brief from the Wichita and Affiliated Tribes, who say that the recent expansion of lottery offerings … Continue reading →

Posted in Boyd Gaming, Charity, Dan Gilbert, Downtown, Genting, Golden Gaming, Health, International, Internet gambling, Lotteries, MGM Resorts International, Michael Gaughan, Ohio, Oklahoma, Sahara, Singapore, Sports, Sports betting, Station Casinos, Taxes, The Strip, Tilman Fertitta, Tribal, William Hill | 1 Comment

The cost of not doing business

Posted on March 21, 2020 by David McKee

Saying “This is not the time to look for loopholes,” Nevada Gov. Steve Sisolak (D) doubled down on his quarantine order, threatening nonessential business that remain in business in defiance of his directive (and there have been some) to close … Continue reading →

Posted in Boyd Gaming, Churchill Downs, Cirque du Soleil, Dining, Downtown, DraftKings, Economy, Election, Entertainment, Florida, Golden Gaming, Health, Internet gambling, Las Vegas Sands, Macau, Penn National, Pennsylvania, Seminole Tribe, Station Casinos, TV, Wall Street, Wynn Resorts | Comments Off on The cost of not doing business

Where do we go from here?

Posted on March 19, 2020 by David McKee

In the process of canceling its 2020 earnings guidance, Marriott International gave some oblique insight into how the casino industry is likely to cope with the Coronavirus quarantine. Occupancy, it said, had fallen to 25%, compared to 70% last year. … Continue reading →

Posted in AGA, Alabama, Baseball, Boyd Gaming, Caesars Entertainment, Carl Icahn, Charity, Economy, Health, Illinois, Indiana, International, Internet gambling, Iowa, Las Vegas Sands, Macau, Melco Resorts & Entertainment, MGM Resorts International, Movies, Oregon, Penn National, Real Estate, Regulation, Sahara, Sheldon Adelson, Slot routes, South Korea, Sports, Sports betting, The Strip, Tribal, Wall Street, Wynn Resorts | 1 Comment

Life after casinos; Sheldon is george

Posted on March 19, 2020 by David McKee

“The situation continues to evolve and will escalate rapidly and dramatically. These are unprecedented actions in an extraordinary situation, but they could be the difference in saving lives and keeping people safe.” So said Maryland Gov. Larry Hogan (R) on Sunday, … Continue reading →

Posted in Atlantic City, Boyd Gaming, Caesars Entertainment, California, China, Cordish Co., e-sports, Economy, Entertainment, Foxwoods, Health, Horseracing, Internet gambling, Las Vegas Sands, Maryland, Massachusetts, MGM Resorts International, Mississippi, Mohegan Sun, Nevada, Oklahoma, Pennsylvania, Politics, Rush Street Gaming, Sheldon Adelson, Sports, Sports betting, The Strip, Tourism, Tribal, TV, Wisconsin | 1 Comment

Las Vegas is closed

Posted on March 18, 2020 by David McKee

America‘s favorite 24-hour town has finally caved to the inevitable and done what neither Sept. 11 nor the Great Recession made it do. It has turned out the lights and hung the “Closed for business” sign in the window. Finally … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, California, Canada, Cosmopolitan, Culinary Union, Dining, Downtown, Economy, Election, Golden Gaming, Health, Illinois, Las Vegas Sands, MGM Resorts International, Nevada, Phil Ruffin, Real Estate, Regulation, Station Casinos, Steve Wynn, The Strip, Tourism, Transportation, Wall Street, Wynn Resorts | Comments Off on Las Vegas is closed

Casino closures sweep the country

Posted on March 16, 2020 by David McKee

We’re all going through what are called “adjustment reactions,” including casino executives across the country. They’d like to stay open for business—many are—but others are being forced to close or making the difficult choice to go dark on their own. … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, Conventions, Cordish Co., Derek Stevens, Downtown, e-sports, Economy, Eldorado Resorts, Health, IGT, Illinois, Indiana, Las Vegas Sands, Maryland, Massachusetts, Melco Resorts & Entertainment, MGM Resorts International, New York, Ohio, Pennsylvania, Scientific Games, Sports, Station Casinos, The Strip, Wall Street, Wynn Resorts | 1 Comment

Las Vegas slides toward crisis as market tanks

Posted on March 12, 2020 by David McKee

Coronavirus having been officially been declared a pandemic by the World Health Organization, it was only a matter of time before the impact hit Las Vegas. Not much time, either. Late yesterday, the National Association of Broadcasters pulled the plug … Continue reading →

Posted in AGA, Boyd Gaming, Caesars Entertainment, California, Conventions, DFS, Donald Trump, Economy, Eldorado Resorts, Health, International, Las Vegas Sands, Melco Resorts & Entertainment, MGM Resorts International, New York, Sheldon Adelson, South Korea, Sports, Sports betting, Station Casinos, Taxes, The Strip, Tourism, Twin River, Wall Street, Wynn Resorts | 3 Comments

Gaming stocks immune to rally; Casinos get serious about coronavirus

Posted on March 11, 2020 by David McKee

Gaming stocks by and large didn’t feel the love on Wall Street yesterday, trending slightly downward, not counting 9% rallies for Station Casinos and Melco Resorts & Entertainment (the latter the only Macao operator to bounce back). The market recouped … Continue reading →

Posted in AGA, Alex Meruelo, Atlantic City, Boyd Gaming, Caesars Entertainment, Cosmopolitan, Current, Detroit, Dining, Donald Trump, Economy, Eldorado Resorts, Florida, Health, Lake Tahoe, Las Vegas Sands, Macau, Maryland, Massachusetts, Maverick Gaming, Melco Resorts & Entertainment, MGM Resorts International, Michigan, Penn National, Phil Ruffin, Reno, Rhode Island, Sahara, South Dakota, Sports betting, Station Casinos, Taxes, The Strip, Tilman Fertitta, Tourism, Transportation, Vermont, Wall Street, Washington State, Wynn Resorts | Comments Off on Gaming stocks immune to rally; Casinos get serious about coronavirus

Explosive month in Indiana, elsewhere

Posted on March 10, 2020 by David McKee

Hoosier State casinos were raking it in hand over fist last month, as casino receipts shot 14.5% upward. The $192 million gross included $7 million from still-novel table games at Indiana Grand and Hoosier Downs. Yes, there was an extra … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, Century Casinos, Churchill Downs, Dan Gilbert, Economy, Eldorado Resorts, Full House Resorts, Hard Rock International, Indiana, MGM Resorts International, Ohio, Penn National, Racinos, Spectacle Entertainment, Sports betting | Comments Off on Explosive month in Indiana, elsewhere

Vegas vs. virus II; Illinois, Maryland rally

Posted on March 6, 2020 by David McKee

Two presumed cases of coronavirus have been reported in Nevada. What’s the over/under on when panic sets in? Me, I’m contemplating a trip back to Las Vegas in the near future, so I’m working on my sangfroid. As one tourist … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, Charity, Churchill Downs, Donald Trump, Eldorado Resorts, GLPI, Health, Illinois, Maryland, Massachusetts, MGM Resorts International, Penn National, The Strip, Tourism, Wall Street, West Virginia, Wynn Resorts | 1 Comment

Gaming exempt from Wall Street love; Harry-come-lately

Posted on March 3, 2020 by David McKee

Gaming stocks responded indifferently to yesterday’s Wall Street rally. Wynn Resorts was up and down but ultimately flat, MGM Resorts International ticked up 2%, Las Vegas Sands was flat and Melco Resorts & Entertainment slipped a percentage point. So much … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, China, Churchill Downs, Conventions, Dining, Donald Trump, Economy, Eldorado Resorts, Election, Entertainment, Harry Reid, Health, Japan, Las Vegas Sands, Macau, Massachusetts, Melco Resorts & Entertainment, MGM Resorts International, Oregon, South Korea, Station Casinos, The Strip, Tourism, Tribal, Wall Street, Wynn Resorts | Comments Off on Gaming exempt from Wall Street love; Harry-come-lately

Bennett returns, Aguilera leaves, Adelsons idolized

Posted on March 2, 2020 by David McKee

The Las Vegas Strip will be blessed for three nights in August, as Tony Bennett returns to The Venetian. He’ll play the 12th, 14th and 15th, with an assist from Antonia Bennett. Tickets start at $50, with a portion of … Continue reading →

Posted in Aristocrat, Boyd Gaming, CityCenter, Entertainment, Florida, Health, history, IGT, Indiana, Las Vegas Sands, Louisiana, Macau, Maine, Marijuana, MGM Resorts International, Oregon, Planet Hollywood, Problem gambling, Scientific Games, Scott Butera, Sheldon Adelson, Shuffle Master, Singapore, Sports, Sports betting, Technology, The Strip, Tribal, Wisconsin | 1 Comment

Life’s good if you’re Boyd; Caesars fire sale threatened

Posted on February 21, 2020 by David McKee

Boyd Gaming‘s share price got a bump from JP Morgan analyst Joseph Greff, who wrote “We continue to believe BYD is well positioned in both U.S. regional gaming markets as well as the LV Locals market.” Since Boyd is ahead … Continue reading →

Posted in Ameristar, Boyd Gaming, Caesars Entertainment, Churchill Downs, Conventions, Downtown, Eldorado Resorts, Election, GLPI, Las Vegas Sands, Louisiana, Penn National, Sheldon Adelson, Taxes, The Strip, Tilman Fertitta, Wall Street | 1 Comment

Boom in the Rust Belt

Posted on February 10, 2020 by David McKee

You’d be forgiven if you did a double take upon seeing the latest casino-revenue numbers out of the Midwest. Business is up—to sometimes-unprecedented degrees. Take Ohio, for instance. It’s always a casino-friendly state … but a 19% upsurge in revenue? … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, Churchill Downs, Dan Gilbert, DraftKings, Economy, Eldorado Resorts, FanDuel, Full House Resorts, GLPI, Hard Rock International, Illinois, Indiana, MGM Resorts International, Missouri, Ohio, Penn National, Racinos, Rush Street Gaming, Spectacle Entertainment, Sports betting | 2 Comments

“The fix is in”; MGM’s youth movement

Posted on February 10, 2020 by David McKee

Hard Rock International CEO Jim Allen is trying to have it both ways in Greece, saying that Mohegan Gaming & Entertainment hasn’t been awarded the Hellenikon casino concession but that “the fix is in.” Well, is it or isn’t it? … Continue reading →

Posted in Atlantic City, Australia, Boyd Gaming, Canada, Crown Resorts, Diversity, DraftKings, Economy, Hard Rock International, Health, International, Japan, Las Vegas Sands, Lawrence Ho, Lucky Dragon, Macau, MGM Resorts International, Mohegan Sun, Money laundering, Movies, Ocean Resort, Pennsylvania, PokerStars, Singapore, Sports betting, The Strip, Twin River, Wall Street, Wynn Resorts | 1 Comment

Springfield: The boss hits town

Posted on January 17, 2020 by David McKee

After a worst-month-ever December at MGM Springfield, company CEO Jim Murren has apparently had enough. He flew into Springfield today to put a bit of stick about, as the Brits would say. His ostensible purpose is to hang out with the … Continue reading →

Posted in Baseball, Boyd Gaming, Caesars Entertainment, Churchill Downs, Eldorado Resorts, Entertainment, GLPI, history, Louisiana, Maryland, Massachusetts, MGM Resorts International, Movies, Penn National, Sports, Sports betting, The Strip | Comments Off on Springfield: The boss hits town

New gambling ban in Britain; Casinos face uncertain Georgia future

Posted on January 15, 2020 by David McKee

Great Britain continues to crack down on gambling. As of April 14, Britons will no longer be able to bet with their credit cards. (Lottery tickets are exempted from the fatwa.) This comes on the heels of a reduction in the … Continue reading →

Posted in Aristocrat, Boyd Gaming, California, Cosmopolitan, Cretins, Diversity, G2E, Georgia, International, Internet gambling, Law enforcement, Politics, Problem gambling, Regulation, Taxes, Technology, Tribal | 3 Comments

Indiana flat, Missouri down, Jones up

Posted on January 13, 2020 by David McKee

Indiana gaming revenues were microscopically down last month, to $186 million, not bad when one considers that December 2018 had one more weekend day. It’s too soon to have numbers from table games at the racinos, so January’s will be … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, Century Casinos, Diversity, DraftKings, Eldorado Resorts, Environment, FanDuel, Full House Resorts, Illinois, Indiana, MGM Resorts International, Michigan, Penn National, Racinos, Regulation, Scott Butera, Spectacle Entertainment, Sports betting, Wynn Resorts | 1 Comment

Churchill Downs, Eldorado power Illinois; Atlantic City upgraded

Posted on January 8, 2020 by David McKee

Santa Claus was generous to Illinois casinos. Despite ever-increasing competition and an unfavorable calendar (one less weekend day) their receipts rose 5.5% last month. The gross was $124 million, with most of that ($94 million) coming from the state’s northern … Continue reading →

Posted in Architecture, Atlantic City, Boyd Gaming, Caesars Entertainment, Churchill Downs, Dan Gilbert, Eldorado Resorts, GLPI, Hard Rock International, Illinois, Indiana, Kentucky, MGM Resorts International, Ohio, Penn National, Spectacle Entertainment, Wall Street | 5 Comments

China’s credit bubble; Ocean Resort’s secret formula

Posted on December 26, 2019 by David McKee

China gamblers may be playing today at the expense of tomorrow. Bloomberg reports that Generation Z is borrowing heavily in high-interest debt to fuel its consumerism, a phenomenon that should be of concern in Macao. “Household debt hit levels of … Continue reading →

Posted in Atlantic City, Boyd Gaming, China, Culinary Union, DraftKings, Economy, Eldorado Resorts, Internet gambling, Louisiana, Macau, Massachusetts, MGM Resorts International, New Hampshire, Ocean Resort, Oklahoma, Regulation, Scott Butera, Sexual misconduct, Sports betting, Station Casinos, Steve Wynn, Tribal, Wynn Resorts | 1 Comment