Category Archives: Boyd Gaming

Wall Street hearts Caesars; AGA does the right thing

One of our favorite investment banks, JP Morgan, has initiated coverage of Caesars Entertainment, providing us with further transparency of the company’s performance. The price target is a lowly $16/share, which presumably reflects the company’s recent, shall we say, financial … Continue reading

Posted in Atlantic City, Boyd Gaming, Culinary Union, Geoff Freeman, Harrah's, Marketing, Penn National, Sexual misconduct, The Strip, Wall Street, Wynn Resorts | Comments Off on Wall Street hearts Caesars; AGA does the right thing

Atlantic City: Calm before the storm; Stormy weather in Louisiana

Atlantic City was stable last month, defying an unfavorable calendar (one less weekend day) and grossing $191.5 million, while online gambling had its second-best-ever month, pulling in $23 million (+10.5%). Slot handle was down 3.5%, as was revenue, while a … Continue reading

Posted in Atlantic City, Boyd Gaming, Bruce Deifik, Columbia Sussex, Dan Gilbert, Detroit, Eldorado Resorts, GLPI, Greenwood Racing, Hard Rock International, Harrah's, Illinois, Internet gambling, Isle of Capri, Louisiana, MGM Mirage, Mohegan Sun, Neil Bluhm, Penn National, Pennsylvania, Pinnacle Entertainment, Sheldon Adelson, Slot routes, Tilman Fertitta, Tropicana Entertainment | Comments Off on Atlantic City: Calm before the storm; Stormy weather in Louisiana

Sports betting: A new era

Yesterday, the Supreme Court handed down its much anticipated ruling in Murphy v. NCAA and it was pure win for states and casinos itching to offer legalized sports betting, although there was some predictable disapproval. As Arizona Attorney General Mark … Continue reading

Posted in Arizona, Atlantic City, Boyd Gaming, Delaware, DFS, Eldorado Resorts, Election, Geoff Freeman, Harrah's, IGT, Illinois, Law enforcement, Maryland, Massachusetts, MGM Mirage, Mississippi, Nevada, New York, Penn National, Politics, Regulation, Rhode Island, Scientific Games, Sports, Texas, Tilman Fertitta, Tribal, Wall Street, West Virginia | Comments Off on Sports betting: A new era

How much for a used Dragon?; Indiana good, Missouri ‘meh’

Believe it or not, there is “a lot of interest in the property at this time” according to Lucky Dragon Casino owner Andrew Fonfa, a contention independently verified by the Las Vegas Review-Journal. That being said, a Lucky Dragon sale is … Continue reading

Posted in Affinity Gaming, Ameristar, Architecture, Boyd Gaming, Centaur Gaming, Eldorado Resorts, Environment, Full House Resorts, GLPI, Harrah's, Horseracing, IGT, Indiana, Isle of Capri, Lucky Dragon, Majestic Star, Missouri, Penn National, Pinnacle Entertainment, Racinos, Taxes, The Strip, Tribal, Wall Street, Wisconsin | Comments Off on How much for a used Dragon?; Indiana good, Missouri ‘meh’

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

Culinary, Caesars clash; Resort fees repel visitors

It’s collective-bargaining time in Las Vegas and the Culinary Union is dickering with Caesars Entertainment through the media. “Having rooms with a ‘Do Not Disturb’ on for days makes me shaky. I am constantly going into a room that staff hasn’t … Continue reading

Posted in Boyd Gaming, California, CityCenter, Culinary Union, Election, Harrah's, Horseracing, LVCVA, Mandalay Bay Massacre, MGM Mirage, Neil Bluhm, New York, Palms, Resort fees, Security, Sheldon Adelson, Station Casinos, Tribal, Wynn Resorts | 3 Comments

Boyd can’t beat ’em, joins ’em; Station gets rave reviews

After having taken a beating in Illinois from slot routes, Boyd Gaming is pivoting and getting into the route game itself. It is acquiring Lattner Entertainment, giving it 1,000 slots in 220 locations in the Land of Lincoln. Since there’s … Continue reading

Posted in Boyd Gaming, Economy, IGT, Illinois, Penn National, Slot routes, Station Casinos, Wall Street | Comments Off on Boyd can’t beat ’em, joins ’em; Station gets rave reviews

Boyd weathers challenges; MGM swoons

An alternate headline for Boyd Gaming‘s 1Q18 results might be “better than expected.” Although the company had modeled a $12 million-$15 million cash flow hit at Blue Chip from new, nearby Four Winds Casino, the company’s Midwest revenues came in … Continue reading

Posted in Ameristar, Boyd Gaming, CityCenter, Downtown, Greenwood Racing, Hawaii, Indiana, Japan, Louisiana, Macau, Mandalay Bay Massacre, Massachusetts, MGM Mirage, Missouri, Ohio, Palms, Pennsylvania, Pinnacle Entertainment, Politics, Resort fees, Sports, Station Casinos, Tribal, Wall Street, Wynn Resorts | 1 Comment

Dubious honor for Nevada; GLPI’s big gulp

Nevada is used to getting WalletHub accolades but here’s one it didn’t want and would probably prefer to see swept under the rug … most gambling-addicted state in the U.S. And why not? There are very few states in the … Continue reading

Posted in Atlantic City, Boyd Gaming, Eldorado Resorts, GLPI, Harrah's, Hawaii, Illinois, Louisiana, MGM Mirage, Mississippi, Missouri, Nebraska, Nevada, Penn National, Pinnacle Entertainment, Problem gambling, Regulation, South Dakota, Tropicana Entertainment, Unite-Here | Comments Off on Dubious honor for Nevada; GLPI’s big gulp

MGM plays games with tribes, MGM Springfield, as Zinke steps in it

As various non-gaming related scandals gain critical mass around ersatz geologist and Secretary of the Interior Ryan Zinke, he’s found himself front and center in a casino mess in Connecticut. Seems that Zinke turned a deaf ear to career Interior … Continue reading

Posted in Boyd Gaming, Donald Trump, Eldorado Resorts, Foxwoods, Genting, Harrah's, International, Massachusetts, MGM Mirage, Mohegan Sun, Penn National, PokerStars, Politics, Regulation, Sheldon Adelson, Sports, Wall Street, Wynn Resorts | 1 Comment

Mixed report from Japan; Wynn Boston Harbor up for grabs

First, the good news: The casino-regulation bill over which Japan‘s Liberal Democratic Party has slaved, may make it into the Diet by Friday, giving the Nipponese parliament just under two months to consider it. (The Diet adjourns on June 20.) … Continue reading

Posted in Atlantic City, Boyd Gaming, Foxwoods, Genting, Geoff Freeman, Hard Rock International, Harrah's, Japan, Massachusetts, MGM Mirage, Mohegan Sun, Nevada, Penn National, Politics, Problem gambling, Regulation, Seminole Tribe, Sheldon Adelson, Wall Street, Wynn Resorts | 1 Comment

Japan “better than feared.” Mixed bag in Louisiana

How do evolving casino casino regulations in Japan look? Well, how does ‘not as bad as expected’ sound? Trust me, that’s good news. And don’t take my word: Take that of Morgan Stanley. Taxes will be set at 30%, which … Continue reading

Posted in Boyd Gaming, Churchill Downs, Dan Gilbert, Detroit, Eldorado Resorts, Florida, Galaxy Entertainment, GLPI, Harrah's, Isle of Capri, Japan, Louisiana, Marijuana, Massachusetts, MGM Mirage, Nevada, Penn National, Philippines, Pinnacle Entertainment, Politics, Sheldon Adelson, Taxes, Tilman Fertitta, Tropicana Entertainment, Wall Street | Comments Off on Japan “better than feared.” Mixed bag in Louisiana

At long last, Kansas

JP Morgan has initiated coverage of the Kansas market, long out of sight. It’s coming off a strong (up 6%) March, finishing at $40 million. Boyd Gaming‘s Kansas Star Casino & Resort was dominant, grossing $18 million on an 8% … Continue reading

Posted in Boyd Gaming, GLPI, Kansas, Penn National, Wall Street | Comments Off on At long last, Kansas

MGM Connecticut hopes fading … for now

MGM Bridgeport will have to wait a bit. According to Connecticut Speaker of the House Joe Aresimowicz (D), the best chance of passage of any gaming-related legislation is narrow. Expressing misgivings about the consequences of further diluting the Nutmeg State’s gambling … Continue reading

Posted in Boyd Gaming, Foxwoods, Genting, Indiana, Japan, Macau, MGM Mirage, Mohegan Sun, Movies, Politics, Sociedade de Jogos de Macau, The Strip, Transportation, Tribal | Comments Off on MGM Connecticut hopes fading … for now

Study zings MGM; Galaxy resort vetoed

Allowing a fourth casino into Connecticut — and thereby abrogating its gaming compacts — could be extremely costly for the Nutmeg State. That’s the conclusion of a new study by casino pundit Clyde Barrow. He writes that the new casino … Continue reading

Posted in Affinity Gaming, Ameristar, Boyd Gaming, Centaur Gaming, Economy, Environment, Foxwoods, Full House Resorts, Galaxy Entertainment, Harrah's, Majestic Star, Maryland, Massachusetts, MGM Mirage, Mohegan Sun, New York, Penn National, Philippines, Pinnacle Entertainment, Politics, Taxes, Tribal, Tropicana Entertainment | Comments Off on Study zings MGM; Galaxy resort vetoed

Midwest roundup

Business was booming in Ohio, where the state’s casino industry saw revenues increase 9%. Hollywood Columbus ($22.5 million) was up 8.5% while Hollywood Toledo ($20 million) they gained 8%. Hollywood Dayton (+9%) and Hollywood Mahoning Valley (+13%) were phat, with … Continue reading

Posted in Affinity Gaming, Ameristar, Boyd Gaming, Dan Gilbert, Eldorado Resorts, GLPI, Isle of Capri, Missouri, Ohio, Penn National, Pinnacle Entertainment, Tropicana Entertainment | Comments Off on Midwest roundup

Wynn fights back; Sheldon’s big payday

How can we miss Steve Wynn if he won’t go away? He’s suing a Las Vegas law firm for saying he was “leering” at female performers. Wynn’s defense is that he is legally blind (true enough), although we have found … Continue reading

Posted in Boyd Gaming, IGT, Macau, Sexual misconduct, Sheldon Adelson, Steve Wynn, Technology | Comments Off on Wynn fights back; Sheldon’s big payday

MGM owns Maryland; Rumble in Deadwood

MGM National Harbor continues to devour the Maryland market, hitting a record 40% market share last month, along with a best-ever $1.95 million/day in gross gaming record, for an overall gross of $60.5 million. Less pleasing for MGM execs: Slots … Continue reading

Posted in Boyd Gaming, Churchill Downs, Cordish Co., Golden Gaming, Harrah's, Internet gambling, Law enforcement, Louisiana, Maryland, MGM Mirage, Oklahoma, Penn National, Pennsylvania, Pinnacle Entertainment, Politics, Regulation, Sheldon Adelson, South Dakota, Sports, Taxes, Tribal, West Virginia | 2 Comments

Shocker: Hard Rock Rocksino sold; New top man at SLS

Despite being the dominant racino operator — hell, gaming operator — in Ohio, it seems that Hard Rock International is throwing in the towel. It’s selling Hard Rock Rocksino to MGM Growth Properties. Early Wall Street speculation is that we’re … Continue reading

Posted in ACEP, Affinity Gaming, Alex Meruelo, Boyd Gaming, Colorado, Economy, Eldorado Resorts, Florida, GLPI, Golden Gaming, Hard Rock International, Harrah's, Illinois, Isle of Capri, MGM Mirage, Neil Bluhm, Ohio, Penn National, Pennsylvania, Pinnacle Entertainment, Reno, SLS Las Vegas, The Strip, Wall Street | 3 Comments

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 | Comments Off on Las Vegas: Whales to the rescue