Category Archives: Caesars Entertainment

Maryland just fine; Next stop, Hartford?

Posted on August 7, 2019 by David McKee

Gaming revenues were up 2% last month in Maryland, good for $149 million. $61 million of that was won by MGM National Harbor (+4%). Market share was dominated by MGM (41%) and Maryland Live (33%). The Cordish Gaming property grossed $49 … Continue reading →

Posted in Australia, Caesars Entertainment, Churchill Downs, Connecticut, Cordish Co., Cretins, Crown Resorts, e-sports, Foxwoods, International, Internet gambling, Macau, Maryland, MGM Resorts International, Mohegan Sun, Penn National, Politics, Problem gambling, Sports betting, Wall Street, West Virginia | Comments Off

Eldorado’s bad quarter; Crown fights back

Posted on August 6, 2019 by David McKee

Eldorado Resorts might want to put its own house in order before engorging Caesars Entertainment. Quarterly results are out and Eldorado came in low in every category except corporate costs. Revenue misses included the West ($128 million) -$18 million, the … Continue reading →

Posted in Australia, Caesars Entertainment, Colorado, Crown Resorts, Eldorado Resorts, Entertainment, IGT, Law enforcement, Lotteries, Macau, MGM Resorts International, Ohio, Regulation, Technology, The Mob, The Strip, Wall Street | Comments Off

MGM stymied Down East; Trade war dings Macao

Posted on August 5, 2019 by David McKee

Hopes for MGM Resorts International in Connecticut may be fading now that lawmakers are proposing a tribally owned casino in Bridgeport, part of an omnibus gaming expansion. The bipartisan Connecticut Jobs & Revenue Act would authorize a casino in Bridgeport owned by … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, Connecticut, Downtown, Foxwoods, Golden Gaming, International, Internet gambling, Lotteries, Macau, Marketing, Massachusetts, MGM Resorts International, Mohegan Sun, Money laundering, Politics, Problem gambling, Regulation, Sports betting, Tamares Group, Tilman Fertitta | Comments Off

Caesars nixes Strip project; IGT in New England brawl

Posted on August 2, 2019 by David McKee

Caesars Entertainment has officially spiked the Kind Heaven immersive experience, part Blade Runner and part Jungle Book. VitalVegas author said of the Perry Farrell pipe dream, when it was unveiled last year, that the details ranged “from breathtakingly original to laughably … Continue reading →

Posted in Australia, Caesars Entertainment, Churchill Downs, Crown Resorts, Downtown, Economy, Eldorado Resorts, Entertainment, IGT, Illinois, Law enforcement, Politics, Rhode Island, Scientific Games, Sports betting, The Strip, Tribal, Twin River, Wendover, William Hill | Comments Off

Wynn tops in U.S. casinos; Crown in hot water again

Posted on July 30, 2019 by David McKee

Steve Wynn got some love from the contributors to TripAdvisor, whose top-three-ranked casinos in America are Wynn Las Vegas, Encore and Beau Rivage, a vindication of Wynn’s spare-no-detail approach. However, Bellagio may be showing its age, clocking in at a … Continue reading →

Posted in Atlantic City, Australia, Boulder Strip, Boyd Gaming, Caesars Entertainment, CityCenter, Cosmopolitan, Crown Resorts, Detroit, Downtown, Economy, Eldorado Resorts, Foxwoods, Golden Gaming, Indiana, Iowa, Las Vegas Sands, Law enforcement, Louisiana, M Resort, Macau, MGM Resorts International, Mississippi, Mohegan Sun, North Las Vegas, Oklahoma, Penn National, Pennsylvania, Politics, Reno, Station Casinos, Steve Wynn, Terry Caudill, The Strip, Tourism, Tribal, TV, Wynn Resorts | 1 Comment

Eldorado’s Caesars gamble; Chicago casino not welcomed

Posted on July 29, 2019 by David McKee

For those of you who are beginning to have misgivings about the Eldorado Resorts takeover of Caesars Entertainment, add The Motley Fool‘s Travis Hoium. The latter is almost never wrong, so we pay attention when he writes that “The final … Continue reading →

Posted in Caesars Entertainment, Economy, Eldorado Resorts, Genting, Illinois, New York, Politics, Wall Street | 2 Comments

Strip buoys MGM, Sands

Posted on July 26, 2019 by David McKee

According to JP Morgan analyst Joseph Greff, second-quarter results for MGM Resorts International “were better than (very subdued) investor expectations” on the Strip and in line with anticipation about Macao. Despite weak baccarat volumes in Las Vegas, the company performed “marginally … Continue reading →

Posted in Caesars Entertainment, Detroit, Eldorado Resorts, Harrah's, Las Vegas Sands, Macau, Maryland, Massachusetts, Melco Resorts & Entertainment, MGM Resorts International, Mississippi, New York, Pennsylvania, Singapore, The Strip, Tribal, Wall Street, Wynn Resorts | 1 Comment

Atlantic City: It’s not just for daytrippers anymore

Posted on July 24, 2019 by David McKee

In an in-depth feature, the New York Times comes to the Boardwalk not to scorn but to celebrate Atlantic City and what it truly has to offer. How so? Consider that of twelve principal stops, only one (Ocean Casino Resort) … Continue reading →

Posted in Atlantic City, Caesars Entertainment, Eldorado Resorts, Florida, Hard Rock International, International, New York, Ocean Resort, Seminole Tribe, Sports betting, Taxes, Tourism, Tribal | 2 Comments

One city to rule them all; “Cats” is coming for you

Posted on July 23, 2019 by David McKee

Can you believe that San José, Costa Rica is the seventh-best place to gamble? It might the best casino town of which you’ve never heard, with 30 casinos and “a quite attractive exchange rate.” That’s the conclusion of a TravelTrivia.com … Continue reading →

Posted in Atlantic City, Caesars Entertainment, Eldorado Resorts, International, Lake Tahoe, Louisiana, Macau, Movies, North Carolina, Problem gambling, Reno, Singapore, Tourism, Tribal | Comments Off

Lackluster in Louisiana; OK tribes stiff-arm Stitt

Posted on July 22, 2019 by David McKee

Whatever people in Louisiana were doing last month, gambling wasn’t it. Casino receipts were down 9% and you can’t blame it on the smoking ban in Baton Rouge (-13%), not when Lake Charles—the best market in the state—was nearly 10% … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, Churchill Downs, Eldorado Resorts, GLPI, Greenwood Racing, Internet gambling, Louisiana, North Carolina, Oklahoma, Penn National, Pennsylvania, Rush Street Gaming, Sports betting, Tilman Fertitta, Tribal | Comments Off

Encore cleared of cheating charge; Linq goes green

Posted on July 19, 2019 by David McKee

Score one for Encore Boston Harbor. Its slot-payout and blackjack rules were upheld by the Massachusetts Gaming Commission. That’s a win for 6:5 blackjack and a loss for players. “There exists a ‘6 to 5 blackjack variation,’ which is a particular … Continue reading →

Posted in Caesars Entertainment, Environment, Massachusetts, Regulation, Scientific Games, Technology, The Strip, Transportation, Wynn Resorts | 3 Comments

Sports wagering, ‘Net bets power New Jersey; Slow month in Pennsylvania

Posted on July 15, 2019 by David McKee

Despite being 7% down on a same-store basis, Atlantic City casino revenues grew 14% last month. The $236 million gross represents a 3.5% downturn in slot winnings (down 8.5% same-store) but a 26% jump at the tables (down 3.5% same-store). … Continue reading →

Posted in Atlantic City, Boyd Gaming, Caesars Entertainment, Eldorado Resorts, Greenwood Racing, Hard Rock International, Internet gambling, MGM Resorts International, Mohegan Sun, Movies, Ocean Resort, Penn National, Pennsylvania, Rush Street Gaming, Sports, Sports betting, The Strip, Tilman Fertitta, Tribal | 1 Comment

Eldorado’s clearance sale

Posted on July 15, 2019 by David McKee

Eldorado Resorts continues to slim down as it prepares for a takeover of Caesars Entertainment. Assuming the deal as a fait accompli, it is ditching Isle of Capri Kansas City in favor of Harrah’s North Kansas City. It is also … Continue reading →

Posted in Arkansas, Caesars Entertainment, Carl Icahn, Eldorado Resorts, International, Japan, Mississippi, Missouri, Sports betting, Technology, Tribal, Twin River, William Hill | Comments Off

Case Bets

Posted on July 11, 2019 by David McKee

Although we’ve learned to take Moulin Rouge revival projects with a shakerful of salt, the latest round of interest is drawing some serious players, such as the Southern Nevada Regional Housing Authority. Its piquant plan would mix affordable housing, dining and—yes—a … Continue reading →

Posted in AGA, Atlantic City, Caesars Entertainment, Eldorado Resorts, Japan, Moulin Rouge, Ocean Resort, Oklahoma, Sports betting, Tribal, Wall Street | 1 Comment

Ohio prospers, others don’t; Labor trouble at Eldorado

Posted on July 11, 2019 by David McKee

Maryland continues to show signs of casino saturation. Revenue ($143 million) was down 4% last month. Not even MGM National Harbor ($57 million) was immune, off 4%. Slots were up 10% but table games got walloped, down 19%. Still, MGM … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, Carl Icahn, Churchill Downs, Cordish Co., Culinary Union, Dan Gilbert, Eldorado Resorts, Election, Florida, Full House Resorts, Indiana, Isle of Capri, Maryland, MGM Resorts International, Ohio, Penn National, Spectacle Entertainment, Station Casinos, Tropicana Entertainment, Unite-Here, West Virginia | 1 Comment

Rivers Casino’s threefold secret

Posted on July 8, 2019 by David McKee

It can be summed precisely as follows: location, location, location. Not only is Rivers Casino Des Plaines proximate to both Chicago and O’Hare International Airport, it sits at the nexus of two interstate highways, literally within a stone’s throw of … Continue reading →

Posted in Architecture, Boyd Gaming, Caesars Entertainment, Churchill Downs, Economy, Eldorado Resorts, GLPI, Golden Gaming, Harrah's, Illinois, Kazuo Okada, Macau, Penn National, Philippines, Rush Street Gaming, Singapore, Station Casinos, Steve Wynn | Comments Off

Eldorado backpedals; Casinos for Nebraska in 2020?

Posted on July 3, 2019 by David McKee

While the consummation of the Eldorado Resorts/Caesars Entertainment marriage has yet to occur, already Eldorado CEO Tom Reeg is walking back some of his prenuptial promises. “I think that there’s more Strip exposure than we would need to accomplish our goals … Continue reading →

Posted in Atlantic City, Caesars Entertainment, Carl Icahn, Dining, Eldorado Resorts, Election, Florida, Hard Rock International, Iowa, Japan, Macau, Missouri, Nebraska, Ocean Resort, Planet Hollywood, Seminole Tribe, The Strip, Wall Street | 2 Comments

Genting’s been working on the railroad; California solons pitch sports betting

Posted on July 3, 2019 by David McKee

Genting Group evidently hasn’t given up on its casino aspirations in south Florida. The company is teaming with BYD Motors of China to propose a monorail between downtown Miami and Miami Beach. Genting owns waterfront real estate in Miami it has … Continue reading →

Posted in Caesars Entertainment, California, Florida, Genting, Japan, Macau, Pokergeddon, Politics, Problem gambling, Security, Sociedade de Jogos de Macau, Sports betting, Technology, The Strip, Tourism, Transportation, Tribal, TV, World Series of Poker, Wynn Resorts | Comments Off

Caesars: Buyers remorse; Cubbies want to lay some action

Posted on June 27, 2019 by David McKee

In a move that will surprise no one, Caesars Entertainment is reportedly ready to put Bally’s Atlantic City on the auction block and—failing that—to close it outright. It dodged a bullet when Revel opened (and closed) but luck might not … Continue reading →

Posted in Atlantic City, Baseball, Boyd Gaming, Caesars Entertainment, Carl Icahn, Eldorado Resorts, Illinois, Macau, Pennsylvania, Phil Ruffin, Politics, Rush Street Gaming, Sports betting, Tilman Fertitta, Wall Street | Comments Off

Caesars is dead, long live Caesars

Posted on June 26, 2019 by David McKee

After much flirtation, Eldorado Resorts has consummated its courtship of Caesars Entertainment. In a deal that values the latter at $18 billion (or $12.75/share), Eldorado will buy Caesars for $8.6 billion in cash, plus the assumption of debt. Two previous … Continue reading →

Posted in Caesars Entertainment, Carl Icahn, Charity, Culinary Union, Donald Trump, Economy, Eldorado Resorts, Internet gambling, Nevada, New Hampshire, Regulation, Reno, Scientific Games, Station Casinos, The Mob, TV, Wall Street, World Series of Poker | 3 Comments