Category Archives: Caesars Entertainment

Louisiana up again; DraftKings hit hard

Posted on June 18, 2021 by David McKee

Casinos in Louisiana weren’t quite as phat last month as in April but still nudged up 5% overall. In New Orleans, the leader was Harrrah’s New Orleans with $27 million (+1%), followed by Boomtown New Orleans, leaping 21% to $12.5 … Continue reading →

Posted in Bally, Barstool Sports, BetMGM, Boyd Gaming, Caesars Entertainment, China, Churchill Downs, CQ Holdings, DraftKings, FanDuel, Golden Nugget, Greenwood Racing, Law enforcement, Louisiana, Penn National, Pennsylvania, Rush Street Gaming, Sports, Sports betting, Taxes, Wall Street | Comments Off on Louisiana up again; DraftKings hit hard

Atlantic City casinos rebound; Slow thaw in Massachusetts

Posted on June 17, 2021 by David McKee

Casinos in Atlantic City are finally catching up with the rest of gaming’s recovery. Last month they were only 3% off the 2019 pace. They grossed $213 million, a substantial improvement over April. Slot win was $158 million on 8% … Continue reading →

Posted in Atlantic City, Bally, BetMGM, Caesars Entertainment, Cordish Co., Dining, DraftKings, FanDuel, FoxBet, Genting, Golden Nugget, Hard Rock International, Japan, Law enforcement, Massachusetts, MGM Resorts International, Mohegan Sun, North Carolina, Ocean Resort, Penn National, Pennsylvania, PointsBet, Rush Street Gaming, Sports, Sports betting, The Strip, Wynn Resorts | Comments Off on Atlantic City casinos rebound; Slow thaw in Massachusetts

Indiana, Missouri keep rebounding; Casino boom benefits all

Posted on June 15, 2021 by David McKee

Scratch two casino riverboats in Indiana. The Majestic Star-branded flotilla went out of business—and Hard Rock Gary came in, quite auspiciously. Total Hoosier State gaming revenue for last month grew 18% over 2019 to $185.5 million. Hard Rock Gary opened … Continue reading →

Posted in Atlantic City, Bally, Barstool Sports, BetMGM, Boyd Gaming, Caesars Entertainment, Century Casinos, Connecticut, Detroit, Donald Trump, DraftKings, Economy, Entertainment, FanDuel, Full House Resorts, Hard Rock International, Indiana, Internet gambling, Law enforcement, Macau, MGM Resorts International, Michigan, Mississippi, Missouri, Peninsula Pacific, Penn National, Pennsylvania, PointsBet, Rush Street Gaming, Spectacle Entertainment, Sports, Sports betting, Taxes, The Strip, Tilman Fertitta, Tribal, Virginia, Wisconsin | 2 Comments

Las Vegas heats up; Zombies overrun Atlantic City

Posted on June 14, 2021 by David McKee

In a benchmark development, three of the four major Las Vegas Strip operators posted higher midweek rates for the July 4-July 10 period than in 2019. Caesars Entertainment was flat, probably due to its sheer proliferation of hotel rooms. MGM … Continue reading →

Posted in Atlantic City, BetMGM, Caesars Entertainment, Colony Capital, Conventions, Cordish Co., Economy, Entertainment, Indiana, Japan, Las Vegas Sands, Marketing, MGM Resorts International, Movies, Nevada, Pennsylvania, PointsBet, Rush Street Gaming, Sheldon Adelson, Sports, Sports betting, Stanley Ho, The Strip, Tourism, Transportation, TV, William Hill, Wynn Resorts | Comments Off on Las Vegas heats up; Zombies overrun Atlantic City

Trump banned; Richmond: The fix was in

Posted on June 11, 2021 by David McKee

Donald Trump won’t be opening a casino in Doral. Neither will anyone else. Not if the Doral City Council has its way. It voted unanimously to bar casino gambling within the city, which encompasses The Donald’s struggling resort. This has … Continue reading →

Posted in Australia, BetMGM, Boyd Gaming, Caesars Entertainment, Cordish Co., Donald Trump, DraftKings, Entertainment, FanDuel, Florida, Health, Iowa, Mohegan Sun, Money laundering, North Dakota, Pennsylvania, Politics, Regulation, Rush Street Gaming, Sports, Sports betting, The Strip, Tribal, Virgin Hotels, Virginia, William Hill | 3 Comments

Illinois limps, Ohio races; Flying the friendly skies with Hard Rock

Posted on June 8, 2021 by David McKee

First, the good news. Illinois gaming revenues held steady from April to May. However … they lagged May 2019 by 9.5%, for a gross of $107 million. The shining exception, as ever, was Rivers Casino Des Plaines, which cornered 39% … Continue reading →

Posted in Atlantic City, Bally, Boyd Gaming, Caesars Entertainment, Churchill Downs, DraftKings, Genting, Hard Rock International, Illinois, Jack Entertainment, MGM Resorts International, Neil Bluhm, New Jersey, New York, Ohio, Pennsylvania, Politics, Slot routes, Taxes, Transportation | 1 Comment

Maryland heats up; Vegas restaurants rebound; Rivers is george

Posted on June 7, 2021 by David McKee

Casinos in the Free State jetted 13% above 2019 levels, grossing $172 million, a new record. MGM National Harbor led with $68.5 million (+16%) and 40% market share. Maryland Live was up 15% to $61.5 million for 35.5% market share, … Continue reading →

Posted in Arizona, Caesars Entertainment, China, Churchill Downs, Colorado, Cordish Co., Cretins, Culinary Union, Dining, Economy, Golden Gaming, Health, Horseracing, Lotteries, Macau, Maryland, Massachusetts, MGM Resorts International, New York, Penn National, Pennsylvania, Resorts World LV, Rush Street Gaming, Tribal, Virgin Hotels, Wall Street, West Virginia, Wynn Resorts | 2 Comments

Steve Wynn, international man of mystery

Posted on May 28, 2021 by David McKee

“Foreign agent.” That’s who Steve Wynn is, according to the Justice Department, which is prepared to sue the disgraced casino mogul if he doesn’t register as an aegis of Red China‘s government. Seems that Steve was carrying water for the … Continue reading →

Posted in Atlantic City, Caesars Entertainment, California, Canada, Card rooms, Century Casinos, China, Cretins, Detroit, Donald Trump, Economy, Election, Health, Internet gambling, Law enforcement, LVCVA, MGM Resorts International, Missouri, North Carolina, Ocean Resort, Phil Ruffin, PointsBet, Politics, Sheldon Adelson, Sports, Sports betting, Steve Wynn, The Strip, Tourism, Transportation, Tribal, Wisconsin, Wynn Resorts | 4 Comments

Strip returns to form; Caesars nixes buffets, free play

Posted on May 27, 2021 by David McKee

Last month Nevada raced ahead of 2019 gambling-revenue benchmarks, up 11% to just over $1 billion. Locals-derived winnings ($245 million) jumped 18%, despite operating at 80% capacity. (Locals casinos saw 15% higher slot win 18% greater handle and 35.5% more … Continue reading →

Posted in Australia, Boulder Strip, Caesars Entertainment, Connecticut, Crown Resorts, DFS, Dining, Donald Trump, Downtown, Economy, Election, Foxwoods, G2E, Health, Internet gambling, Lake Tahoe, Laughlin, Lawrence Ho, Macau, Maryland, Massachusetts, Melco Resorts & Entertainment, Mesquite, Mississippi, Mohegan Sun, Nevada, North Las Vegas, Regulation, Reno, Sports betting, Stanley Ho, Station Casinos, Taxes, The Strip, Tilman Fertitta, Wendover | 1 Comment

Caesars, MGM lead Vegas recovery; Florida compact dicey

Posted on May 25, 2021 by David McKee

Let’s start with some good news. JP Morgan analyst Joseph Greff laid out a series of benchmarks for a Las Vegas comeback across the second half of 2021 (one year earlier than anticipated). “We think these data points are indicative … Continue reading →

Posted in Arizona, Barstool Sports, Boyd Gaming, Caesars Entertainment, Conventions, Dining, Economy, Florida, Hard Rock International, Health, Illinois, Indiana, Internet gambling, Las Vegas Sands, LVCVA, Marketing, MGM Resorts International, Penn National, Pennsylvania, Politics, Regulation, Seminole Tribe, Slot routes, Sports, Sports betting, Station Casinos, Transportation, Tribal, Wall Street | 1 Comment

Welcome to Less Vegas, Part Two

Posted on May 24, 2021 by David McKee

If Sin City wasn’t chastened by the Coronavirus pandemic, it has certainly been cheapened by it. And not in a good way. Returning customers can expect to pay more for a diminished experience. Case in point, Caesars Entertainment. Not content … Continue reading →

Posted in Australia, Bally, Caesars Entertainment, Cordish Co., Crown Resorts, Dining, Diversity, Don Barden, Entertainment, Japan, Melco Resorts & Entertainment, MGM Resorts International, Mohegan Sun, Peninsula Pacific, Resort fees, Station Casinos, The Strip, Virginia, Wayne F. Newton, William Hill | 1 Comment

Casinos collapse in Texas, advance elsewhere

Posted on May 21, 2021 by David McKee

All Sheldon Adelson‘s horses and all Sheldon Adelson’s men couldn’t put Texas megaresorts together. Or, as they said in Brooklyn (in a non-gaming context), wait ’til next year. Two separate bills to authorize everything from full-service casinos to poker rooms … Continue reading →

Posted in Atlantic City, Bally, Caesars Entertainment, Cordish Co., Dining, Donald Trump, Florida, Hard Rock International, Health, Internet gambling, Las Vegas Sands, Louisiana, MGM Resorts International, New Jersey, Politics, Regulation, Seminole Tribe, Sheldon Adelson, Sports betting, Taxes, Texas, The Strip, Tilman Fertitta, Tribal, Virginia | 1 Comment

Louisiana advances, Pennsylvania recedes

Posted on May 19, 2021 by David McKee

Casino revenues in Louisiana enjoyed a big bounce last month, up 18% to $236 million, a substantial increase over 2019 levels. Mind you, that number was achieved without two casinos that were operational in 2019, Diamond Jacks and Isle Grand … Continue reading →

Posted in Atlantic City, Barstool Sports, Baseball, BetMGM, Boyd Gaming, Caesars Entertainment, California, Churchill Downs, Cordish Co., CQ Holdings, Detroit, Dining, Donald Trump, DraftKings, Eldorado Resorts, Entertainment, FanDuel, Golden Nugget, Greenwood Racing, Hard Rock International, Internet gambling, Louisiana, MGM Resorts International, Mohegan Sun, New York, North Carolina, Penn National, Pennsylvania, Rush Street Gaming, Sports, Sports betting, Tribal, Wall Street | 1 Comment

Hard Rock, Ocean drub Borgata; Caesars massacres shows

Posted on May 17, 2021 by David McKee

Casinos in Atlantic City grossed $189.5 million last month, 9% behind their 2019 pace. Slots were off 5% and tables 17%. Regular top-grosser Borgata had a terrible month, falling 28%, spurring by lackluster table-game winnings (-34%), with slots tumbling 25%. … Continue reading →

Posted in Atlantic City, Bally, BetMGM, Boyd Gaming, Caesars Entertainment, Conventions, DraftKings, Economy, Entertainment, FanDuel, FoxBet, Full House Resorts, Golden Nugget, Hard Rock International, Health, Indiana, Internet gambling, Lake Tahoe, MGM Resorts International, Mohegan Sun, New Jersey, Penn National, PointsBet, Rush Street Gaming, Silverton, Spectacle Entertainment, Sports, Sports betting, The Rio, The Strip, Wayne F. Newton, William Hill, Wynn Resorts | 3 Comments

MGM dumps Springfield; Gaming recovery a proven fact

Posted on May 12, 2021 by David McKee

MGM Resorts International isn’t quitting Springfield but it’s taking a bath on its eponymous casino in order to reduce its exposure to the (disappointing) market. MGM spent $960 million on the resort, which has never performed up to expectations, and … Continue reading →

Posted in AGA, Atlantic City, BetMGM, Caesars Entertainment, Cordish Co., Dining, DraftKings, Economy, Entertainment, FanDuel, Golden Gaming, Hard Rock International, Health, Internet gambling, Massachusetts, MGM Resorts International, Ocean Resort, Pennsylvania, Real Estate, Regulation, Resort fees, South Dakota, Sports, Sports betting, Tennessee, The Strip, Wall Street, Wynn Resorts | 1 Comment

Wynn gaining steam; Miami Beach casino juice job dismissed

Posted on May 11, 2021 by David McKee

First-quarter results for Wynn Resorts were worse than expected in Macao but better than anticipated in both Las Vegas and Boston, while the company posted a revenue chasm around Wynn Interactive. To shore up the latter, Wynn is merging it … Continue reading →

Posted in Bally, BetMGM, Boyd Gaming, Caesars Entertainment, Century Casinos, Conventions, Donald Trump, DraftKings, FanDuel, Florida, Hard Rock International, Horseracing, Illinois, Internet gambling, Macau, Marketing, Massachusetts, Missouri, Nevada, New York, Ohio, Penn National, Pennsylvania, Politics, Regulation, Seminole Tribe, Sociedade de Jogos de Macau, Sports betting, The Strip, Tourism, Tribal, TV, Virginia, Wall Street, Wynn Resorts | Comments Off on Wynn gaining steam; Miami Beach casino juice job dismissed

Illinois’ surprise; Scandal at Churchill Downs; Palms complications

Posted on May 10, 2021 by David McKee

Gambling revenue of $108 million out of Illinois last month looks pallid at first glance. But consider this: It was only 6% off April 2019’s pace, when casinos were at full capacity and last month they did it at 50% … Continue reading →

Posted in Bally, Barstool Sports, Boyd Gaming, Caesars Entertainment, Churchill Downs, Conventions, Culinary Union, Dining, Diversity, DraftKings, Drugs, Economy, FanDuel, history, Horseracing, Indiana, Iowa, Las Vegas Sands, Macau, MGM Resorts International, Missouri, Palms, Penn National, PointsBet, Rush Street Gaming, Slot routes, Sociedade de Jogos de Macau, Sports, Sports betting, Station Casinos, The Strip, Tourism, Tribal, William Hill, Wynn Resorts | 2 Comments

DraftKings’ mixed results; Penn waxes, Iowa wanes

Posted on May 7, 2021 by David McKee

DraftKings exceeded analysts’ expectations with its 1Q21 revenues, leading Credit Suisse‘s Ben Chaiken to boost his 2021 revenue projection by $100 million, to $1.1 billion, in part “reflecting strength in new states such as Michigan.” Wall Street anticipated $239 million … Continue reading →

Posted in AGA, Arizona, Barstool Sports, Baseball, BetMGM, Boyd Gaming, Caesars Entertainment, California, Derek Stevens, Diversity, DraftKings, FanDuel, Golden Gaming, Illinois, Internet gambling, Iowa, Marketing, Maryland, Michigan, Nevada, New York, Penn National, Pennsylvania, Slot routes, Sports, Sports betting, Tribal, Virginia, Wall Street, William Hill, Wynn Resorts, Wyoming | 1 Comment

Recovery has legs; Resorts World LV impresses

Posted on May 6, 2021 by David McKee

Maryland didn’t just do well in April, it posted its third-best month ever. Gaming win grew 11.5% from 2019, to $162 million. That’s with 50% capacity constraints at MGM National Harbor and Horseshoe Baltimore (all other casinos are operating at … Continue reading →

Posted in Barstool Sports, Caesars Entertainment, Churchill Downs, Conventions, Cordish Co., Cosmopolitan, Dining, Entertainment, Genting, Golden Gaming, Health, Illinois, Internet gambling, Maryland, MGM Resorts International, Michigan, New Mexico, Penn National, Pennsylvania, Regulation, Resorts World LV, Sports betting, Wall Street, West Virginia, World Series of Poker | 1 Comment

Hail Caesars; Durango Station green-lit

Posted on May 5, 2021 by David McKee

“Solid … very encouraging … impressive momentum.” Those were some of the things JP Morgan analyst Joseph Greff had to say about Caesars Entertainment‘s 1Q21 numbers. Cash flow of $548 million well exceed Greff’s expected $429 million, to say nothing … Continue reading →

Posted in Atlantic City, Boulder Strip, Caesars Entertainment, Card rooms, Conventions, Cosmopolitan, Derek Stevens, Entertainment, Florida, Health, Indiana, International, Internet gambling, Las Vegas Sands, Louisiana, Michael Gaughan, New York, Politics, Reno, Seminole Tribe, Sports betting, Station Casinos, The Strip, Tourism, Wall Street, William Hill, Wynn Resorts | Comments Off on Hail Caesars; Durango Station green-lit