Category Archives: Boyd Gaming

Better times come to Atlantic City; Wynn Boston Harbor sets opening date

Posted on June 15, 2017 by David McKee

May’s gambling grosses are in from the Boardwalk and Atlantic City is up 2.5% since last year — 11% if Trump Taj Mahal is subtracted from the comparison. Terrestrial casinos pulled in $208 million, while Internet gambling grossed a further … Continue reading →

Posted in Affinity Gaming, Architecture, Atlantic City, Boulder Strip, Boyd Gaming, Cannery Casino Resorts, Dan Gilbert, Detroit, Golden Gaming, Goldman Sachs, Harrah's, Internet gambling, Massachusetts, MGM Mirage, Mohegan Sun, North Las Vegas, Palms, Phil Ruffin, SLS Las Vegas, Station Casinos, Steve Wynn, Tilman Fertitta, Tropicana Entertainment, Wall Street | Comments Off

Adelson in the catbird seat; Lui has advice for Macao

Posted on June 12, 2017 by David McKee

We’re still a long way from requests for proposals for Japanese megaresorts but one source is already tapping Las Vegas Sands as a finalist. (Hardly a radical prediction, it’s true.) The tip comes from Morningstar Investment Management Asia analyst Chelsey … Continue reading →

Posted in Atlantic City, Boyd Gaming, Crown Resorts, Galaxy Entertainment, Genting, Harrah's, Japan, Law enforcement, Macau, Melco Crown Entertainment, Oklahoma, Regulation, Scientific Games, Sheldon Adelson, Singapore, Sports, Technology, Tourism, Tribal | Comments Off

Illinois becalmed; Freeman breaks with Trump

Posted on June 7, 2017 by David McKee

Lawmakers in Illinois obviously don’t care about the future of the state’s 10 extant casinos, considering the next gaming expansion (following slot routes) that they are preparing to ram through. If they bothered to look at the market, they’d see … Continue reading →

Posted in Boyd Gaming, Cordish Co., Geoff Freeman, GLPI, Golden Gaming, Harrah's, Illinois, Marketing, Maryland, MGM Mirage, Neil Bluhm, Penn National, Philippines, Regulation, Slot routes, Tourism, Wall Street | Comments Off

SLS to get new owner; Boyd outlines strategy

Posted on May 26, 2017 by David McKee

Having failed to reinvent the north end of the Las Vegas Strip as the new place to party heartily, the owners of $415 million SLS Las Vegas are giving up and selling it to a relatively minor player: Meruelo Group. The … Continue reading →

Posted in Architecture, Boulder Strip, Boyd Gaming, Cannery Casino Resorts, Environment, Harrah's, Louisiana, Lucky Dragon, Marketing, Mississippi, North Las Vegas, Palms, Reno, Sam Nazarian, SLS Las Vegas, Station Casinos, The Strip, Wall Street | 1 Comment

Resorts World LV: It’s a go; Illinois pols spurn casino

Posted on May 24, 2017 by David McKee

As Alon fades into the sunset, Resorts World Las Vegas plans to ramp up in serious fashion. Resorts World President Edward Farrell has announced that construction cranes will be up by August at the latest and work will begin in … Continue reading →

Posted in Alabama, Architecture, Boyd Gaming, Genting, Illinois, Lucky Dragon, Nebraska, Nevada, New York, Politics, Problem gambling, Reno, South Dakota, The Strip | Comments Off

Pelican Brief; Miami Beach bans casinos

Posted on May 16, 2017 by David McKee

Despite having one less weekend day this year, April was a good month for Louisiana, as gambling revenue rose 5%. The growth was especially dramatic in the Pelican State market, up 19%. By contrast, Shreveport/Bossier City was down 3%. The increase … Continue reading →

Posted in Boyd Gaming, Eldorado Resorts, Galaxy Entertainment, GLPI, Hard Rock International, Harrah's, Isle of Capri, Japan, Louisiana, MGM Mirage, Oklahoma, Pinnacle Entertainment, Sheldon Adelson, Singapore, Technology, The Strip, Tilman Fertitta, Tribal, Tropicana Entertainment, TV, Wall Street | Comments Off

Borgata keeps Atlantic City afloat; No slots for Wichita

Posted on May 15, 2017 by David McKee

Atlantic City had a bit of adversity in April, down 3.5%. However, when last year’s Trump Taj Mahal grosses are removed from the comparison, the Boardwalk was up 4%. Market leader, by an astonishing margin, was Borgata, garnering $58.5 million, … Continue reading →

Posted in Atlantic City, Boyd Gaming, Harrah's, Indiana, Japan, Kansas, Majestic Star, MGM Mirage, Mohegan Sun, Pinnacle Entertainment, Politics, Problem gambling, Racinos, Taxes, Technology, Tilman Fertitta, Tropicana Entertainment | Comments Off

Packer bows out; Adelson puts moves on Brazil

Posted on May 12, 2017 by David McKee

There’s now 100% less “Crown” in Melco Crown Entertainment. Colorful casino baron James Packer has sold his share in the company for $1.2 billion. Reuters describes the move as “ending a fraught offshore expansion and freeing up cash for new … Continue reading →

Posted in Architecture, Atlantic City, Australia, Boyd Gaming, Harrah's, International, Internet gambling, Iowa, James Packer, Japan, Lawrence Ho, Melco Crown Entertainment, MGM Mirage, Mohegan Sun, Politics, Problem gambling, Regulation, Sheldon Adelson, Sports, Station Casinos, The Crown 18, The Strip, Wall Street | Comments Off

Freeman: Let my people bet!

Posted on May 11, 2017 by David McKee

Undistracted by the current shenanigans in Washington, D.C., the American Gaming Association‘s Geoff Freeman is staying on course about legalized sports betting. The AGA recently commissioned a Greenberg Quinlan Rosner poll that concluded — surprise! — that most Americans favor legalized … Continue reading →

Posted in Ameristar, Baseball, Boyd Gaming, Economy, Foxwoods, Full House Resorts, Geoff Freeman, GLPI, Harrah's, Indiana, Internet gambling, Majestic Star, MGM Mirage, Mohegan Sun, Neil Bluhm, New York, Penn National, Pinnacle Entertainment, Politics, Racinos, Sports, Tribal, Tropicana Entertainment | Comments Off

Big month in Maryland; Kentucky Derby sets record

Posted on May 9, 2017 by David McKee

MGM National Harbor took the top spot in Maryland last month, grossing $50 million to Maryland Live‘s $45 million. “We view this as positive/encouraging for MGM, as it shows the property’s momentum has sustained into April,” wrote JP Morgan analyst … Continue reading →

Posted in Boyd Gaming, Churchill Downs, Cordish Co., Galaxy Entertainment, GLPI, Golden Gaming, Harrah's, Horseracing, Illinois, Japan, Maryland, MGM Mirage, Neil Bluhm, Penn National, Technology, The Strip, Wall Street, West Virginia | Comments Off

Wall Street hearts Boyd; Disunity in Pennsylvania

Posted on May 3, 2017 by David McKee

Boyd Gaming, the red-headed stepchild of the casino industry, got some love from Wall Street yesterday. JP Morgan analyst Joseph Greff wrote that “the improving free cash flow in the BYD story is not reflected in the current stock price, … Continue reading →

Posted in Boulder Strip, Boyd Gaming, Cannery Casino Resorts, Greenwood Racing, Louisiana, North Las Vegas, Penn National, Pennsylvania, Pinnacle Entertainment, Slot routes, Wall Street | Comments Off

Big bounce in Louisiana; Poker and booze go better together

Posted on April 19, 2017 by David McKee

Compared with a flood-plagued March of 2015, business was booming at Louisiana casinos, up 10%, especially Baton Rouge (+20.5%), although New Orleans was flat. JP Morgan analyst Joseph Greff is predicting less salubrious results in April, blaming the Easter Bunny, among … Continue reading →

Posted in Boyd Gaming, Churchill Downs, Economy, Eldorado Resorts, Foxwoods, Genting, GLPI, Harrah's, IGT, Internet gambling, Isle of Capri, Louisiana, Massachusetts, MGM Mirage, Mohegan Sun, Pinnacle Entertainment, Politics, Regulation, South Korea, Taxes, Tilman Fertitta, Tourism, Tribal, Tropicana Entertainment, Wall Street | Comments Off

Warm spring in the Midwest; Vegas Vic gets political

Posted on April 10, 2017 by David McKee

Don’t believe anyone who says the economy is bad: Casino takings are up all across the Midwest. The biggest gain was in Ohio, where casino win rose 7%, even though players continue to blow off Jack Cleveland ($18 million, -8%). … Continue reading →

Posted in Affinity Gaming, Ameristar, Animals, Archon Corp., Boyd Gaming, California, Dan Gilbert, Downtown, Eldorado Resorts, Full House Resorts, Harrah's, Indiana, Isle of Capri, Law enforcement, Majestic Star, Missouri, Ohio, Penn National, Pinnacle Entertainment, PokerStars, Politics, Racinos, Tropicana Entertainment, Wayne F. Newton | Comments Off

Temporary relief for Illinois; CityCenter for sale?

Posted on April 7, 2017 by David McKee

As a huge gambling expansion works its way through the Legislature, casino owners in Illinois must feel like condemned men awaiting the execution. At any rate, it behooves them to gather roses while yet they may. Fortunately, gamblers felt like … Continue reading →

Posted in Boyd Gaming, California, CityCenter, GLPI, Harrah's, Illinois, Macau, MGM Mirage, Mississippi, Neil Bluhm, Penn National, Regulation, South Korea, Sports, Taxes, The Crown 18, Wall Street | 1 Comment

Raiders prompt magical thinking; Next stop: Yankton?

Posted on March 29, 2017 by David McKee

Boxing promoter Bob Arum has drunk deeply of the NFL-in-Vegas Kool-Aid, telling the Wall Street Journal, “Say [the Raiders] play the Giants. It’s going to bring 20,000 people coming from New York to watch the game, clutching fistfuls of money … Continue reading →

Posted in Boyd Gaming, Florida, Japan, Law enforcement, Macau, Seminole Tribe, Sheldon Adelson, South Dakota, Sports, Technology, Tourism, Westgate LV | Comments Off

Gaming up nationally — but Louisiana gets hammered

Posted on March 20, 2017 by David McKee

America‘s casino industry had a winning month in January, up 3.5% to $3.4 billion. Even Illinois, which has never recovered from the smoking ban, was in the top four, behind Nevada (naturally), Pennsylvania and Louisiana. The only serious loser was … Continue reading →

Posted in Affinity Gaming, Atlantic City, Boyd Gaming, Churchill Downs, Economy, Eldorado Resorts, GLPI, Harrah's, Illinois, Internet gambling, Isle of Capri, Louisiana, Marketing, Maryland, Ohio, Pennsylvania, Pinnacle Entertainment, Sheldon Adelson, Taxes, Tilman Fertitta, Tropicana Entertainment, West Virginia | Comments Off

MGM National Harbor, Maryland Live duke it out

Posted on March 8, 2017 by David McKee

MGM National Harbor strapped a jet pack on Maryland gaming revenue, up an eye-popping 38% last month. The bad news for other operators is that, once you subtract MGM, gaming revenues are down 11%. However, the fact that the declivity … Continue reading →

Posted in Boyd Gaming, Cordish Co., GLPI, Harrah's, Illinois, Maryland, MGM Mirage, Neil Bluhm, Penn National, Pennsylvania, Sheldon Adelson, Sports, The Strip, Wall Street, West Virginia | 1 Comment

Business as usual at Boyd; Pinnacle looks to expand

Posted on March 3, 2017 by David McKee

* Top brass at Boyd Gaming met with J.P. Morgan analyst Joseph Greff and reported a relatively unruffled start to 2017, although the delayed mailing of income-tax refunds (about three weeks later than usual) was retarding results a bit. Still, … Continue reading →

Posted in Boyd Gaming, California, Cannery Casino Resorts, Colorado, Current, Economy, Louisiana, Marketing, MGM Mirage, North Las Vegas, Penn National, Pinnacle Entertainment, The Strip, Tilman Fertitta, Tribal, Wall Street, West Virginia | 1 Comment

MGM lands big fish; Black-market casino busted in Georgia

Posted on February 16, 2017 by David McKee

MGM Resorts International took it on the chops from Deutsche Bank analyst Carlo Santarelli, who said of 4Q16 results that they “were undoubtedly surprising, in the wrong direction in this instance as property EBITDA fell well short of forecasts, most … Continue reading →

Posted in Boyd Gaming, California, Donald Trump, Dubai, Georgia, International, Internet gambling, Law enforcement, Macau, Maryland, MGM Mirage, Regulation, The Strip, Tribal, Wall Street | 1 Comment

Atlantic City warms up; Tribe puts faith in Trump

Posted on February 15, 2017 by David McKee

Judging by his apparent failure to build brand awareness of Ten, mogul Glenn Straub is going to have trouble cracking the Atlantic City nut. That’s fine by his rivals, who are all doing very well without him. Online gambling continues … Continue reading →

Posted in Atlantic City, Boyd Gaming, Dan Gilbert, Detroit, Harrah's, Kansas, Massachusetts, MGM Mirage, Mohegan Sun, Neil Bluhm, New York, North Las Vegas, Pennsylvania, Politics, Racinos, Steve Wynn, Tilman Fertitta, Tribal, Tropicana Entertainment, Wall Street | Comments Off