Category Archives: Caesars Entertainment

Flattened

Posted on June 25, 2019 by David McKee

Lord knows how I did it but I picked up a nasty bronchial infection whilst in Chicago and am lying flat on my back as I type this. (Maybe it was having to stare at letters two stories high, spelling … Continue reading →

Posted in Caesars Entertainment, Dining, Illinois, Massachusetts, Rush Street Gaming, Wynn Resorts | Comments Off on Flattened

Station diversifies; Caesars retrenches

Posted on June 19, 2019 by David McKee

Scott Roeben of VitalVegas continues to beat the mainstream media to the breaking stories in Sin City. His latest scoop has Apex nightclub at the Palms seeing a coup d’etat. Clique Hospitality is gone and now Station Casinos will try … Continue reading →

Posted in Baseball, Boyd Gaming, Caesars Entertainment, California, Culinary Union, Eldorado Resorts, Entertainment, MGM Resorts International, Nevada, North Las Vegas, Station Casinos, Tribal | 4 Comments

Don’t bet against Sheldon; Encore Boston says ‘Take the T’

Posted on June 18, 2019 by David McKee

Don’t ever accuse Las Vegas Sands of not thinking big. It’s going to the banks for a $5.9 billion loan, primarily for expansion of Marina Bay Sands. That shouldn’t be much of a risk for financiers because nobody makes good … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, Genting, Greenwood Racing, history, Internet gambling, Las Vegas Sands, Massachusetts, Penn National, Pennsylvania, Rush Street Gaming, Sheldon Adelson, Singapore, South Korea, Sports betting, Technology, Transportation, Wynn Resorts | Comments Off on Don’t bet against Sheldon; Encore Boston says ‘Take the T’

Arkansas casino nixed; Casino industry picks political winners, losers

Posted on June 17, 2019 by David McKee

Moving rapidly, the Arkansas Racing Commission unanimously granted a license to the Quapaw Tribe to build a casino in Jefferson County. (The tribe responded that it would be equally prompt in building $350 million Saracen Casino Resort. In the meantime slots … Continue reading →

Posted in Arkansas, Caesars Entertainment, Charity, Culinary Union, Dan Lee, Full House Resorts, Las Vegas Sands, MGM Resorts International, Nevada, Palms, Politics, Regulation, Sports betting, Station Casinos, Steve Wynn, Tribal, Wynn Resorts | Comments Off on Arkansas casino nixed; Casino industry picks political winners, losers

Eldorado’s clearance sale; Atlantic City takes the lead

Posted on June 17, 2019 by David McKee

Eldorado Resorts may be getting closer to a Caesars Entertainment acquisition (accounts differ) but it’s already clearing the decks for a big expenditure. It just offloaded three casinos to—irony alert—Caesars’ Vici Properties for $385 million. The trio is Mountaineer Casino … Continue reading →

Posted in Atlantic City, Caesars Entertainment, Cordish Co., Eldorado Resorts, Internet gambling, Lake Tahoe, Laughlin, Louisiana, Marketing, Michael Gaughan, Mississippi, New Jersey, Pennsylvania, Pets, Regulation, Sports betting, Unite-Here, Wall Street, West Virginia | 2 Comments

Twain returns; Sports betting set for New York

Posted on June 17, 2019 by David McKee

Shania Twain‘s Colosseum residency was one of the shortest in memory but Caesars Entertainment evidently still has confidence in the midriff-baring C&W icon. It’s booked Twain into the cavernous Zappos Theater at Planet Hollywood, starting Dec. 6, although you can … Continue reading →

Posted in Caesars Entertainment, Culinary Union, Derek Stevens, Downtown, Entertainment, Environment, Genting, Internet gambling, Maryland, New York, Politics, Rush Street Gaming, Sports betting, Station Casinos, The Strip, Tribal | Comments Off on Twain returns; Sports betting set for New York

Big month for Hard Rock Atlantic City; Sunset Station unionizes

Posted on June 14, 2019 by David McKee

Atlantic City‘s two heaviest hitters had a not-so-merry month of May. Borgata fell 15%, to $52 million, and Tropicana Atlantic City tumbled 18%, landing at $25 million and ceding second place for the first time to Hard Rock Atlantic City … Continue reading →

Posted in Atlantic City, Boyd Gaming, Caesars Entertainment, Churchill Downs, Culinary Union, Detroit, Eldorado Resorts, Greenwood Racing, Hard Rock International, MGM Resorts International, Mohegan Sun, New Jersey, Ocean Resort, Penn National, Pennsylvania, Rush Street Gaming, Sports betting, Station Casinos, Tribal | 1 Comment

Vegas jottings, with a touch of Atlantic City

Posted on June 13, 2019 by David McKee

If we need a workplace consultant, we certainly won’t hire the Seyfarth Shaw at Work firm. (Seyfarth Shaw? Wasn’t he a character in Game of Thrones?) It’s offering its services to come up with strategies that will deter your employees … Continue reading →

Posted in Atlantic City, Caesars Entertainment, Culinary Union, Derek Stevens, Downtown, Entertainment, Golden Gaming, Las Vegas Sands, Marijuana, MGM Resorts International, Pets, Sheldon Adelson, Sports betting, Technology, Wynn Resorts | Comments Off on Vegas jottings, with a touch of Atlantic City

The wrath of Icahn

Posted on June 11, 2019 by David McKee

Investment bankers BidaskClub aren’t buying Caesars Entertainment. Literally. In an almost-unheard-of development in gaming, Bidask put a “sell” recommendation on low-priced CZR shares. Perhaps this reflects caution over Caesars’ still-massive debt overhang or of the additional debt that would be … Continue reading →

Posted in Arizona, Caesars Entertainment, Carl Icahn, CityCenter, Cosmopolitan, DFS, Eldorado Resorts, Illinois, Lotteries, Mandalay Bay Massacre, MGM Resorts International, Regulation, Resort fees, Sports betting, The Strip, Tilman Fertitta, Tribal, Wall Street, West Virginia | Comments Off on The wrath of Icahn

Record year for U.S. casinos; Boyd lauded

Posted on June 11, 2019 by David McKee

While the gaming industry seems to be straining at the limits of how far it can expand in the good old U.S. of A. the numbers don’t lie: The casino industry posted a record $41.7 billion last year. That’s a … Continue reading →

Posted in AGA, Boyd Gaming, Caesars Entertainment, Economy, Full House Resorts, Illinois, Indiana, Majestic Star, Penn National, Sports, Transportation, Wall Street | Comments Off on Record year for U.S. casinos; Boyd lauded

Merry month of May in Ohio, Missouri; MGM debuts “Hunger Games”

Posted on June 10, 2019 by David McKee

Casino revenues were booming last month in Ohio, leaping 10.5% to $169.5 million. People flocked to the racinos, which vaulted 13%. Hollywood Columbus gained 2% to $19 million and Hollywood Toledo inched 1% to almost $18 million. As for the … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, Churchill Downs, Dan Gilbert, Eldorado Resorts, MGM Resorts International, Missouri, Movies, Ohio, Penn National, The Strip | Comments Off on Merry month of May in Ohio, Missouri; MGM debuts “Hunger Games”

Wire Act reversal reversed; China scare for Las Vegas

Posted on June 10, 2019 by David McKee

A federal judge dealt a major defeat to the Justice Department in its efforts to reinterpret the Federal Wire Act as a ban on Internet gambling. Nope, only sports betting ruled Judge Paul Barbadoro. The ruling is a boon to … Continue reading →

Posted in Atlantic City, Caesars Entertainment, Economy, Eldorado Resorts, Entertainment, Florida, Hard Rock International, Indiana, International, Internet gambling, Law enforcement, Lotteries, Marketing, Mohegan Sun, Ocean Resort, Palms, Pennsylvania, Regulation, Seminole Tribe, Sheldon Adelson, Singapore, Sports betting, Station Casinos, Tourism, Tribal, Unite-Here, Wall Street, World Series of Poker | Comments Off on Wire Act reversal reversed; China scare for Las Vegas

Caesars deal takes shape; Carlino out at Penn

Posted on June 10, 2019 by David McKee

We hope Anthony Rodio isn’t getting too comfy in his CEO chair over at Caesars Entertainment. News reports have been heating up about at Caesars takeover, with Eldorado Resorts continuing to have the inside track and reportedly planning to replace … Continue reading →

Posted in Atlantic City, Boyd Gaming, Caesars Entertainment, Carl Icahn, DFS, Eldorado Resorts, Entertainment, GLPI, Iowa, Missouri, Neil Bluhm, Nevada, Penn National, Phil Ruffin, Problem gambling, Tilman Fertitta, Wall Street | 2 Comments

Honeymoon in Illinois; Contraction in Maryland

Posted on June 7, 2019 by David McKee

Illinois lawmakers think casino gambling is a bottomless well of revenue, as witnessed by their recent approval of five new gambling houses and three racinos (just for starters). However, last month’s actual revenues were less than auspicatory. At $118 million, … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, Churchill Downs, Cordish Co., Eldorado Resorts, GLPI, Illinois, Maryland, MGM Resorts International, Penn National, Rush Street Gaming, West Virginia | Comments Off on Honeymoon in Illinois; Contraction in Maryland

Runaway greed in Illinois

Posted on June 3, 2019 by David McKee

Existing operators in Illinois are picking themselves up off the floor following an exponential expansion of casino gambling in the Land of Lincoln, achieved in the waning hours of the legislative session. Caesars Entertainment, Penn National Gaming, Boyd Gaming, Eldorado … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, Churchill Downs, DFS, Eldorado Resorts, Illinois, International, Penn National, Politics, Taxes, Wall Street, Wynn Resorts | 1 Comment

Casinos, DFS wrangle in Massachusetts; Harrah’s wins in Louisiana

Posted on May 31, 2019 by David McKee

Debate over sports betting in Massachusetts has brought out a ruction between Boston-based DraftKings, representing the forces of online gambling, and brick-and-mortar casinos, which want to be the sole purveyors of Internet sports bets, with maybe five to seven ‘skins’ … Continue reading →

Posted in Caesars Entertainment, Churchill Downs, DFS, Entertainment, Genting, Internet gambling, Las Vegas Sands, Law enforcement, Louisiana, Massachusetts, Melco Resorts & Entertainment, MGM Mirage, Phil Ruffin, Politics, Problem gambling, Rhode Island, Sports, Sports betting, Taxes, The Strip | Comments Off on Casinos, DFS wrangle in Massachusetts; Harrah’s wins in Louisiana

Melco nabs Crown; Scientific promotes diversity

Posted on May 30, 2019 by David McKee

Stick a fork in that Wynn Resorts takeover of Crown Resorts, which was already on life support. Melco Resorts & Entertainment just bought a 20% stake in Crown, giving Lawrence Ho a sizable footfall in Australia. The transaction will cost … Continue reading →

Posted in Australia, Caesars Entertainment, Crown Resorts, Entertainment, James Packer, Japan, Lawrence Ho, Macau, Melco Resorts & Entertainment, Problem gambling, Scientific Games, The Strip, Tourism, Wall Street, Wynn Resorts | Comments Off on Melco nabs Crown; Scientific promotes diversity

Anxiety over Japan; Profit squeeze in Atlantic City

Posted on May 28, 2019 by David McKee

Think Japan‘s going to have casinos open in time for the 2025 World Expo? Think again. Shinzo Abe‘s ruling Liberal Democratic Party is postponing the regulations governing casino bidding until after next year’s elections. That’s bad news for Osaka, in particular, … Continue reading →

Posted in Atlantic City, Caesars Entertainment, Economy, Eldorado Resorts, Hard Rock International, Internet gambling, Japan, Las Vegas Sands, Melco Resorts & Entertainment, MGM Resorts International, Mohegan Sun, North Carolina, Ocean Resort, Politics, Sports betting, Tribal, Wall Street | 1 Comment

Encore Boston Harbor sale nixed

Posted on May 22, 2019 by David McKee

“We think the best course of action is to discontinue discussions concerning this opportunity.” Just like that, MGM Resorts International left Wynn Resorts at the altar, trying to find a new beau for Encore Boston Harbor. Backlash in Springfield seems … Continue reading →

Posted in Caesars Entertainment, Mandalay Bay Massacre, Massachusetts, MGM Resorts International, Mohegan Sun, Penn National, Regulation, Wall Street, Wynn Resorts | Comments Off on Encore Boston Harbor sale nixed

Harrah’s wants its money back; Lucky Dragon investors grumble

Posted on May 22, 2019 by David McKee

They’ve got brass balls at Harrah’s New Orleans. Not only do they want an early extension of their terra forma monopoly, which expires in 2024, they want a big-ass tax rebate to go with it. At stake is a 2001 … Continue reading →

Posted in Caesars Entertainment, Dining, Donald Trump, Economy, Louisiana, Lucky Dragon, Midnight Jim Gibbons, Nevada, Regulation, Reno, Resort fees, Taxes | Comments Off on Harrah’s wants its money back; Lucky Dragon investors grumble