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Category Archives: Caesars Entertainment
Nevada recovery skips Strip; Boyd buoyant
Silver State casinos grossed $1 billion last month, with the Las Vegas Strip down 9% from 2019 to $501.5 million but locals-derived win vaulting 23%, leading to a 4% statewide increase on pre-Coronavirus numbers. The silver lining for the Strip … Continue reading
Posted in Architecture, Aristocrat, Atlantic City, Boulder Strip, Boyd Gaming, Caesars Entertainment, Canada, Churchill Downs, CityCenter, Cordish Co., Downtown, Hawaii, Health, Horseracing, Internet gambling, Kentucky, Lake Tahoe, Laughlin, Marketing, Massachusetts, MGM Resorts International, North Las Vegas, Penn National, Pennsylvania, Real Estate, Reno, Resorts World LV, Riviera, The Strip, Tourism, Tribal, Vietnam, Virginia, Wall Street, Wynn Resorts
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MGM hits paydirt; Palms sold?; Atlantic City underwhelms
Remember the Harmon Hotel? That Sir Norman Foster-designed tower that had to be amputated at half the intended height in 2008 because of incompetent construction? The only Las Vegas resort ever to be dismantled without having hosted a single guest? … Continue reading
Posted in Atlantic City, Boyd Gaming, Caesars Entertainment, Card rooms, Carl Icahn, Charity, Churchill Downs, CityCenter, Cosmopolitan, CQ Holdings, Detroit, Dining, Diversity, DraftKings, Entertainment, Florida, Full House Resorts, Golden Nugget, Hard Rock International, Health, Louisiana, LVCVA, MGM Resorts International, Michigan, Nevada, Ocean Resort, Palms, Penn National, Real Estate, Resort fees, Rush Street Gaming, Seminole Tribe, Sports, Sports betting, Station Casinos, Taxes, The Strip, Tribal, Wall Street, Washington State
1 Comment
Big win for Seminoles?; Parx the deadliest track of all
Florida Gov. Ron DeSantis (R) succeeded where predecessor Rick Scott failed, inking a pact with the Seminole Tribe that would unlock the $35o million a year that the Seminoles have been holding in escrow. In return, the tribe gets a … Continue reading
Posted in Animals, Bally, BetMGM, Boyd Gaming, Caesars Entertainment, Churchill Downs, Cirque du Soleil, Cordish Co., Crown Resorts, Downtown, DraftKings, Entertainment, FanDuel, Florida, Greenwood Racing, Hawaii, Horseracing, Internet gambling, James Packer, Las Vegas Sands, Massachusetts, MGM Resorts International, New York, Ohio, Pennsylvania, Politics, Regulation, Seminole Tribe, Sports betting, Taxes, Tennessee, The Strip, Transportation, Virginia, Wall Street, William Hill, Wynn Resorts
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Sands blitzes Texas; Las Vegas “swarming” with tourists; Oscars suck
Starting last week, Las Vegas Sands has been blanketing the Texas airwaves with a barrage of pro-casino ads. Faced with a loss of traction in the Lege, Sands is turning to the court of public opinion. Going in drag as … Continue reading
Posted in Arizona, Atlantic City, Boyd Gaming, Brothels, Caesars Entertainment, China, Cosmopolitan, Derek Stevens, Diversity, Downtown, Economy, Entertainment, Hawaii, Health, Las Vegas Sands, Louisiana, Macau, Movies, Nevada, New York, Ocean Resort, Oklahoma, Pahrump, Politics, Singapore, Texas, The Strip, Tilman Fertitta, Tourism, Tribal
2 Comments
Atlantic City disappoints, Internet gambling doesn’t
We’re going to have revise our prediction that Atlantic City would recover from Covid-19 faster than Las Vegas. Not at the rate things are going. March casino win was down 17% from 2019, coming in at $185 million. The Caesars … Continue reading
Posted in Alabama, Arizona, Atlantic City, Bally, Caesars Entertainment, China, DraftKings, FanDuel, Florida, Golden Nugget, Hard Rock International, Health, Internet gambling, Lotteries, MGM Resorts International, Mohegan Sun, New Jersey, New York, Ocean Resort, Pennsylvania, Philippines, Politics, Regulation, Seminole Tribe, Sports, Sports betting, Taxes, The Strip, Tribal, Wall Street, William Hill, Wynn Resorts
3 Comments
Missouri booms; Trop sale a steal of a deal
After a hiccup in Indiana, gaming revenues continued to march (pun unintended) upward from 2019 levels, which were pretty darn robust. Missouri gained 6% for a gross of $176.5 million, “one of the best months ever” according to JP Morgan … Continue reading
Posted in Arizona, Bally, Boyd Gaming, Caesars Entertainment, Century Casinos, DraftKings, FanDuel, GLPI, Health, Iowa, MGM Resorts International, Missouri, Penn National, Regulation, Rush Street Gaming, Sports, Sports betting, Tamares Group, The Strip, Tribal, Wall Street, William Hill, Wisconsin
3 Comments
Trop flipped; Arizona, Maryland join sports-betting club
The Gaming & Leisure Properties Inc. regime at Tropicana Las Vegas was (as planned) a short-lived one. GLPI just announced that it has flipped the Trop to Bally’s Corp., which evidently couldn’t wait one minute longer to get onto the … Continue reading
Posted in Arizona, Atlantic City, Bally, Caesars Entertainment, Canada, Colorado, Delaware, Downtown, DraftKings, Entertainment, FanDuel, Foxwoods, GLPI, Golden Nugget, Illinois, Indiana, Iowa, Japan, Las Vegas Sands, Marketing, Maryland, MGM Resorts International, Mohegan Sun, Nevada, Penn National, Politics, Regulation, Sports, Sports betting, Tribal, Wall Street, William Hill
1 Comment
Illinois improves but Ohio sets record; Is Cuomo on crack?
Criticizing Illinois‘ casino performance is usually like tripping a dwarf: much too easy. But the Land of Lincoln posted some surprising results last month. Yes, it out performed March 2020 (+122%) but we’re comparing a full month of business with … Continue reading
Maryland has best month ever; Rio reopens
Even with capacity restrictions still in place at MGM National Harbor and Horseshoe Baltimore, the Free State enjoyed an epic March with casinos posting an all-time-record $169 million. On March 12, MGM and Horseshoe were bumped up to 50% capacity … Continue reading
Posted in Aristocrat, Caesars Entertainment, China, Churchill Downs, Connecticut, Cordish Co., Economy, Entertainment, Golden Gaming, Health, International, MGM Resorts International, Penn National, Politics, Shuffle Master, Sports betting, The Rio, West Virginia
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Caesars looking good; Amtrak covets Vegas; Bally’s underwhelms
Joseph Greff and his fellow JP Morgan analysts looked at recent trends in Las Vegas and any place not named Atlantic City, and liked what they saw, raising their price target on the stock five bucks to $101/share. Positive factors … Continue reading
Posted in Atlantic City, Bally, Caesars Entertainment, California, Cosmopolitan, Dining, Economy, Golden Nugget, Harry Reid, Health, Indiana, Marketing, MGM Resorts International, Michigan, Nevada, Oklahoma, Regulation, Reno, Station Casinos, Technology, Texas, The Rio, The Strip, Tourism, Transportation, Tribal, Wall Street, William Hill, World Series of Poker, Wynn Resorts
2 Comments
Caesars Saints?; Mattress Mack returns
Don’t like the misshapen circles which now represent Caesars Entertainment? Well, get used to them, especially if you’re a New Orleans Saints fan. The casino giant is dickering with the Mercedes-Benz Superdome for naming rights, although Saints and New Orleans … Continue reading
Posted in Animals, Bally, Caesars Entertainment, Canada, Colorado, DraftKings, Florida, Golden Nugget, Hard Rock International, Illinois, Louisiana, Mattress Mack, Politics, Scientific Games, Sheldon Adelson, Sports, Sports betting, Taxes, Technology, Texas, The Strip, Tourism, Tribal, TV, Virginia, Wisconsin, Wyoming
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Circa picketed; Sundry green shoots in Vegas; Sports book busted
If you cruise by Circa, you’re liable to see members of Teamsters Local 986 walking a picket line on behalf of the ‘Circa Seven,’ a group of unfortunate warehouse workers. The seven were employed by Derek Stevens‘ Three Corners company, … Continue reading
Posted in Atlantic City, Bally, Caesars Entertainment, Cordish Co., Derek Stevens, Dining, Downtown, Economy, Florida, Golden Nugget, Las Vegas Sands, MGM Resorts International, Mohegan Sun, Money laundering, Ocean Resort, Regulation, Seminole Tribe, Sports, Sports betting, Tennessee, The Strip, TV, Virgin Hotels, Virginia, Wynn Resorts
2 Comments
Strip sux but locals steadfast; Virgin LV loses its virginity
Things simply have to get better on the Las Vegas Strip. Not even a Feb. 15 capacity increase saved some casinos from perdition. Let’s hope February represented a bottoming-out of gaming revenues, as tourists starting flocking back this month. Strip … Continue reading
Posted in Architecture, Boulder Strip, Boyd Gaming, Caesars Entertainment, California, Dining, Downtown Grand, Economy, Entertainment, Illinois, Internet gambling, Lake Tahoe, Las Vegas Raiders, Laughlin, Mesquite, MGM Resorts International, Michigan, North Las Vegas, Penn National, Pennsylvania, PokerStars, Regulation, Reno, Technology, The Strip, Virgin Hotels, Wendover
1 Comment
Demand, prices way up on the Strip; Big casino push in Texas
Emboldened by a combination of new, 50% capacity limits in Nevada and $1,400 stimulus checks, visitors poured into Las Vegas and resorts were quick to profiteer, er, monetize the nascent demand. The Strat more than tripled room rates, from $50/night … Continue reading
Posted in Alabama, Atlantic City, Caesars Entertainment, California, China, Cordish Co., Cosmopolitan, Donald Trump, Economy, Election, Golden Gaming, Harry Reid, Health, history, Las Vegas Sands, Law enforcement, Lotteries, Macau, Marketing, Oklahoma, Pennsylvania, Politics, Racinos, Rush Street Gaming, Sahara, Sheldon Adelson, Sports betting, Taxes, Tennessee, Texas, The Strip, Tourism, Tribal, Virginia, Wynn Resorts
1 Comment
Packer out, Blackstone in at Crown?
Cosmopolitan of Las Vegas owner Blackstone Group threw a lifeline to troubled Crown Resorts, in the form of a $6.2 billion buyout offer. The rope comes with a substantial string attached—Australian regulators must preserve the (sleazy) Crown casino licenses. Without … Continue reading
Posted in Australia, Caesars Entertainment, Connecticut, Crown Resorts, Dining, Diversity, Economy, Entertainment, Foxwoods, Golden Nugget, Greenwood Racing, Indiana, James Packer, Las Vegas Sands, Louisiana, Melco Resorts & Entertainment, Money laundering, Pennsylvania, Regulation, The Strip, Virginia, Wynn Resorts
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Las Vegas: Are happy days here again?; Sands dibs NYC
As we’ve often said, when the American economy gets the flu (literally, in this case), Las Vegas catches pneumonia. During the depths of the Covid-19 pandemic, unemployment in Vegas levitated to 34%. Today it is a still-unhealthy 10.5%. Nonetheless, the … Continue reading
Posted in Architecture, Australia, Bally, Boulder Strip, Boyd Gaming, Caesars Entertainment, California, Churchill Downs, CQ Holdings, Crown Resorts, Economy, Entertainment, Florida, Golden Nugget, Hard Rock International, Health, Indiana, Internet gambling, Japan, Las Vegas Sands, Louisiana, Massachusetts, New York, North Carolina, Penn National, Spectacle Entertainment, Sports betting, The Strip, Tribal, William Hill, Wynn Resorts
1 Comment