Category Archives: Boyd Gaming

State of the Strip; Air Area 51

Deutsche Bank analyst Carlo Santarelli met with a number of casino companies recently and came away with a sanguine prospect for the Las Vegas Strip. As for the operators, “Overall, we felt commentary pertaining to the LV locals market, regional … Continue reading

Posted in Affinity Gaming, Ameristar, Atlantic City, Boyd Gaming, Culinary Union, Economy, Eldorado Resorts, Entertainment, Harrah's, Indiana, International, Isle of Capri, Kentucky, Macau, MGM Mirage, Missouri, Penn National, Pennsylvania, Pinnacle Entertainment, Reno, Sports, The Strip, Tropicana Entertainment, Wall Street | Comments Off on State of the Strip; Air Area 51

Beauregard the Buzzkill; Arkansas tries for casinos

Attorney General Jefferson Beauregard Sessions has detected that Americans are enjoying themselves and it’s got to stop, forthwith. He’s declared war on marijuana-friendly laws across this great land, misguidedly making loco weed his department’s top law-enforcement priority. Beauregard is flying … Continue reading

Posted in Arkansas, Boyd Gaming, Colorado, Dan Gilbert, Eldorado Resorts, Election, Hard Rock International, Law enforcement, Macau, Marijuana, Melco Resorts & Entertainment, Nevada, Ohio, Penn National, Pinnacle Entertainment, Problem gambling, Regulation, Sociedade de Jogos de Macau, Sports, The Strip, Tribal | Comments Off on Beauregard the Buzzkill; Arkansas tries for casinos

Revel sold (again); Freeman slams Indiana bill

Glenn Straub wins our Liar Liar Pants on Fire Award hors concours for dissembling about any intentions to sell Revel while negotiating a deal to do precisely that. Give him credit, though, for raising the defunct megaresort’s value: The $200 … Continue reading

Posted in Ameristar, Atlantic City, Boyd Gaming, Economy, Geoff Freeman, Glenn Straub, Hard Rock International, Indiana, Iowa, Mandalay Bay Massacre, MGM Mirage, Penn National, Pinnacle Entertainment, Politics, Revel, Sports, The Strip, Wall Street | 3 Comments

Case Bets: Maryland, Illinois, New Jersey, The Strip, etc.

MGM National Harbor goes from strength to strength. Last month, it captured 40% of Maryland market share en route to a $56.5 million gross (for a property record of $1.8 million gross gaming revenue per day). Maryland Live, hanging onto … Continue reading

Posted in Aristocrat, Atlantic City, Boyd Gaming, California, Churchill Downs, Cordish Co., Dining, Economy, Entertainment, GLPI, Golden Gaming, Harrah's, Illinois, Maryland, MGM Mirage, Neil Bluhm, Penn National, Politics, Sports, Station Casinos, The Strip, West Virginia | Comments Off on Case Bets: Maryland, Illinois, New Jersey, The Strip, etc.

Exit the Dragon

In a story broken yesterday by VitalVegas, the Lucky Dragon Casino has abruptly shuttered its casino and restaurants. It will attempt to limp along for six months of ‘reorganization,’ sustained by hotel revenues. Were the Consumer Electronics Show not in … Continue reading

Posted in Atlantic City, Boyd Gaming, Dining, Economy, Genting, Golden Gaming, Hard Rock International, Lucky Dragon, Marketing, Movies, Penn National, SLS Las Vegas, Station Casinos, Wall Street | 3 Comments

Caesars gets bigger, Boyd gets smarter

Caesars Entertainment doesn’t have a great history with IPOs. But it also has a considerable debt load that isn’t going away without drastic measures. To that end, REIT Vici Properties is mulling a stock offering that aims to drum up … Continue reading

Posted in Boyd Gaming, Harrah's, history, Louisiana, Missouri, Ohio, Penn National, Pennsylvania, Problem gambling, Regulation, Tribal, Wall Street | 1 Comment

‘Tis the season for buying; Putin drives out Ho

Carl Icahn could make another big score soon: Tropicana Entertainment has been cited as a likely takeover candidate by Wall Street analysts. The combination of saturated markets and low interests has led stock pickers to predict that the industry will … Continue reading

Posted in Boyd Gaming, Carl Icahn, Cosmopolitan, Eldorado Resorts, Glenn Straub, Golden Gaming, Greenwood Racing, Harrah's, International, Internet gambling, Lawrence Ho, MGM Mirage, Neil Bluhm, Pennsylvania, Revel, Sheldon Adelson, Taxes, Tilman Fertitta, Tropicana Entertainment, Wall Street | Comments Off on ‘Tis the season for buying; Putin drives out Ho

Case Bets

“The Trump administration seems a lot more aggressive on wanting to get this done,” says Ho-Chunk tribal President Wilfrid Cleveland. “This” is a new casino, plus water park and retail mall in Beloit, Wisconsin. Says Cleveland, “The atmosphere is changing. Even in … Continue reading

Posted in Boyd Gaming, Colorado, International, Internet gambling, Law enforcement, M Resort, Pennsylvania, Politics, Regulation, Tribal, Wisconsin | Comments Off on Case Bets

Rethinking riverboats in Louisiana; Santa hearts Boyd; High and dry

Baton Rouge is one of the markets that hews to the archaic practice of mandating that godless gambling be conducted over water. H2O has remarkable cleansing properties on filthy casino lucre, it seems. At any rate, even though L’Auberge Baton … Continue reading

Posted in Architecture, Boyd Gaming, Churchill Downs, Current, Economy, Eldorado Resorts, GLPI, Greenwood Racing, Internet gambling, Isle of Capri, Louisiana, Macau, Palms, Penn National, Pennsylvania, Pinnacle Entertainment, Politics, Regulation, Sheldon Adelson, Sports, Station Casinos, Taxes, Tilman Fertitta, Tropicana Entertainment, Wall Street | 1 Comment

The Deal of the Year

Ever-ravenous Penn National Gaming gulped down Pinnacle Entertainment over the weekend, paying $2.8 billion for a collection of top-quality gaming assets. Among other benefits, the deal strengthens Penn’s position in its home state, as it gets The Meadows racino, doubling … Continue reading

Posted in Ameristar, Boyd Gaming, Colorado, Economy, Eldorado Resorts, GLPI, International, Iowa, Louisiana, Massachusetts, Missouri, Ohio, Penn National, Pennsylvania, Pinnacle Entertainment, Racinos, Station Casinos, Taxes, Tourism, Transportation, Wall Street | 3 Comments

Indiana, Missouri see happy days; Don’t count on Millennials

It looks like Penn National Gaming is picking a good time to acquire Pinnacle Entertainment, to judge by the healthy performance of the Missouri and Indiana markets (though it must be kicking itself for having missed the loophole that allowed … Continue reading

Posted in Affinity Gaming, Ameristar, Atlantic City, Boyd Gaming, California, Economy, Eldorado Resorts, Florida, Full House Resorts, Harrah's, Illinois, Indiana, Louisiana, Marketing, Maryland, Missouri, North Las Vegas, Penn National, Pinnacle Entertainment, Tourism, Tropicana Entertainment | Comments Off on Indiana, Missouri see happy days; Don’t count on Millennials

Malaise in Illinois, optimism in Ohio; Frissora’s smooth move

Illinois casinos have never recovered from the double-whammy of the Great Recession and a smoking band, and now they have to contend with slot routes. Last month they were down 2.5% statewide($108.5 million). Taking a closer look, two riverboats were … Continue reading

Posted in Boyd Gaming, Dan Gilbert, Eldorado Resorts, GLPI, Hard Rock International, Harrah's, Illinois, Indiana, International, MGM Mirage, Ohio, Penn National, Pennsylvania, Pinnacle Entertainment, Politics, Racinos, Sheldon Adelson | Comments Off on Malaise in Illinois, optimism in Ohio; Frissora’s smooth move

Penn, Pinnacle nuptials in the offing; Connecticut sues Trump administration

To absolutely no one’s surprise, Pinnacle Entertainment and Penn National Gaming formally affirmed that they are in merger talks. Among the upsides, Deutsche Bank analyst Carlo Santarelli cites the alleviation of forced asset sale in Pennsylvania, where the number of … Continue reading

Posted in Ameristar, Boyd Gaming, Foxwoods, Genting, IGT, Indiana, Louisiana, Mississippi, Missouri, Mohegan Sun, New York, Ohio, Penn National, Pennsylvania, Pinnacle Entertainment, Regulation, Scientific Games, Wall Street | 3 Comments

This just in …

Eldorado Resorts has pulled out of a planned sale of Isle of Capri Lake Charles to tribally owned Kicks Entertainment. At least one analyst, JP Morgan‘s Daniel Politzer, sees this as a good thing. For starters, Eldorado pockets Kicks’ $20 … Continue reading

Posted in Boyd Gaming, Eldorado Resorts, Foxwoods, Harrah's, Isle of Capri, Louisiana, Mohegan Sun, Penn National, Pinnacle Entertainment, Politics, Regulation, Tribal, Wall Street | Comments Off on This just in …

Swings and roundabouts in Louisiana; Sexual harassment in Las Vegas

Now that S&G has been informed that it’s Louisiana that is the Bayou State, let’s take a look at how its casinos did last month. Overall, they dropped 2% for a $198 million gross. The headline item has to be … Continue reading

Posted in Boyd Gaming, Churchill Downs, Harrah's, history, Isle of Capri, Louisiana, New York, Penn National, Pinnacle Entertainment, Racinos, Tilman Fertitta, Tropicana Entertainment, Westgate LV | Comments Off on Swings and roundabouts in Louisiana; Sexual harassment in Las Vegas

Bullish Boyd; Inside Station’s crystal ball

Deutsche Bank analyst Carlo Santarelli met with Boyd Gaming‘s brain trust and liked what he heard, but I’ll let him tell it in his own words: “Within Las Vegas, management is encouraged by unrated play, particularly in the Downtown segment, … Continue reading

Posted in Boyd Gaming, Downtown, Economy, Florida, IGT, Internet gambling, Marketing, Palms, Reno, Seminole Tribe, Sports, Station Casinos, Taxes, Technology, Tribal, Wall Street | Comments Off on Bullish Boyd; Inside Station’s crystal ball

National Harbor rules; #VegasAmnesia anyone?

Last week I was saying that anyone who thinks the Washington, D.C.-Baltimore corridor can absorb another casino doesn’t have their head screwed on right. Well, the latest numbers are in and S&G feels more validated than ever. Maryland Live ($46 … Continue reading

Posted in Boyd Gaming, Colorado, Cordish Co., GLPI, Harrah's, Louisiana, Mandalay Bay Massacre, Maryland, MGM Mirage, Neil Bluhm, Penn National, Pennsylvania, Pinnacle Entertainment, Slot routes, Tourism, Wall Street, West Virginia | 1 Comment

Wynn: Set the date; High-tech potties at Caesars

It’s official: Wynn Resorts will start tearing up its Las Vegas Strip golf course on Jan. 3, 2018. Not much is known about what will replace it, as the budget hasn’t been set, and plans for the Wynn Paradise Park … Continue reading

Posted in Architecture, Boyd Gaming, Cannery Casino Resorts, Charity, Downtown, Harrah's, Macau, Movies, North Las Vegas, Steve Wynn, Technology, The Strip, Wall Street | Comments Off on Wynn: Set the date; High-tech potties at Caesars

The future of Caesars; Larry Ellison buys Cal-Neva

Executives from Caesars Entertainment flew to New York to meet with Wall Street analysts and lay out their vision of the company’s post-bankruptcy future. According to Deutsche Bank‘s Carlo Santarelli, internal research “displays a healthy Millenial participation rate, a long … Continue reading

Posted in Aristocrat, Boyd Gaming, Economy, Entertainment, Golden Gaming, Harrah's, history, Lake Tahoe, Mandalay Bay Massacre, Marketing, MGM Mirage, Regulation, Scientific Games, Station Casinos, Technology, The Strip, Wall Street | 1 Comment

Crown in hot water again; Wynn and whimsy

Crown Resorts just can’t stay out of trouble. On the first anniversary (roughly) of the arrest of the Crown 18 in China, the casino giant stands accused of rigging video poker machines. Parliamentary lone wolf and anti-gambling crusader Andrew Wilkie … Continue reading

Posted in Architecture, Australia, Boyd Gaming, Churchill Downs, Eldorado Resorts, GLPI, Harrah's, Isle of Capri, James Packer, Louisiana, Massachusetts, Pinnacle Entertainment, Regulation, Steve Wynn, The Crown 18, Tilman Fertitta | 2 Comments