Category Archives: Caesars Entertainment

Caesars hailed; Wynn Resorts for sale?

Posted on September 11, 2018 by David McKee

Credit Suisse has initiated coverage of Caesars Entertainment, citing it as its “Top Pick” in the gaming sector. Why? “It recently re-emerged from bankruptcy and is one of the largest US gaming operators, with eight Las Vegas Strip and 22 … Continue reading →

Posted in Atlantic City, Caesars Entertainment, Centaur Gaming, Dan Gilbert, Economy, Elaine Wynn, Hawaii, Indiana, Louisiana, Macau, Marketing, MGM Resorts International, Mississippi, Nevada, Steve Wynn, The Strip, Wall Street, Wynn Resorts | Comments Off

Project First Light dims; Once and future Horseshoe?

Posted on September 11, 2018 by David McKee

After much hemming and hawing, the Trump administration finally came down off the fence on the Mashpee Wampanoag‘s Project First Light casino, saying it couldn’t see a way forward to taking the land into trust for gaming purposes. U.S. District Court … Continue reading →

Posted in AGA, Baseball, Boyd Gaming, Caesars Entertainment, Dan Gilbert, Detroit, DFS, Dining, Eldorado Resorts, Genting, Kentucky, Massachusetts, Movies, Ohio, Penn National, Politics, Regulation, Rhode Island, Sports, Sports betting, The Strip, Tribal | Comments Off

State of D-nile; Red-tag sale at Caesars

Posted on September 5, 2018 by David McKee

Xstal Campbell, a former dancing barmaid at The D, will be testifying before the Nevada Gaming Control Board today, along with other, unidentified casino workers. The subject will be sexual harassment. Ms. Campbell, who also will try her case before … Continue reading →

Posted in AGA, Caesars Entertainment, Culinary Union, Derek Stevens, Downtown, Economy, Marketing, Regulation, Sexual misconduct, Sports, Sports betting, The Strip, Wall Street | Comments Off

Titanic exhibit in peril; It’s Greek to them

Posted on September 4, 2018 by David McKee

Luxor‘s display of Titanic relics has hit an iceberg in the form of a bankruptcy court auction against owner Premier Exhibitions. It’s likely the collection will be kept intact, not dispersed to the four winds, although the latter might be … Continue reading →

Posted in Australia, Caesars Entertainment, Downtown, Hard Rock International, history, International, Las Vegas Sands, Marijuana, Melco Resorts & Entertainment, MGM Resorts International, Mohegan Sun, Movies, Penn National, Regulation, Sports betting, Taxes, The Strip, TV, Wall Street, West Virginia | Comments Off

Japan fever; A Rose by any other computer program

Posted on August 22, 2018 by David McKee

“I want to properly nurture the tourism industry in Osaka as one of its pillars,” says Gov. Ichiro Matsui of the prefecture. To that end, Yumeshima island has been set aside for a prospective casino resort. And Las Vegas and Macao … Continue reading →

Posted in Caesars Entertainment, Cosmopolitan, Entertainment, Galaxy Entertainment, Genting, Japan, Las Vegas Sands, Melco Resorts & Entertainment, MGM Resorts International, Regulation, Technology, The Strip | Comments Off

“A quarter to forget”

Posted on August 21, 2018 by David McKee

That’s what JP Morgan analyst Joseph Greff had to say about 2Q18, adding, “The 2Q18 earnings reporting period in late July/early August was one of the worst in recent memory for U.S. Gaming as stocks with strong earnings/outlooks saw modest … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, Economy, Eldorado Resorts, Environment, MGM Resorts International, Mississippi, Nevada, Penn National, Sports, Sports betting, Station Casinos, Tribal, Wall Street, West Virginia, Wisconsin | Comments Off

‘Net, sports betting slow to ramp in Pennsylvania; Enter the Dragons

Posted on August 20, 2018 by David McKee

Three casinos in Pennsylvania have been cleared for Internet gambling. Of the trio, tiny Mount Airy Casino may loom the largest, being affiliated with both 888 and also PokerStars, which has been having a few issues of late. (Interestingly, Presque Isle … Continue reading →

Posted in Alex Meruelo, Caesars Entertainment, Eldorado Resorts, Greenwood Racing, Internet gambling, Macau, Marketing, Pennsylvania, PokerStars, Regulation, SLS Las Vegas, Sociedade de Jogos de Macau, Sports betting, The Strip | Comments Off

Infamy on the Strip; Baton Rouge obliterated

Posted on August 20, 2018 by David McKee

“Mandalay Bay” is becoming a two-word synonym for infamy. Hotels’ Daily News Service recently bannered a set of dispatches with “What Security Looks Like in post-Mandalay Bay world.” (Subscription required.) As for what Las Vegas looks like in same, well, Lego … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, Churchill Downs, Economy, Eldorado Resorts, GLPI, Isle of Capri, Las Vegas Sands, Louisiana, Mandalay Bay Massacre, MGM Resorts International, Penn National, Pinnacle Entertainment, Resort fees, Tilman Fertitta, Tourism, Wall Street, Wynn Resorts | Comments Off

Good/bad news for Atlantic City; Pennsylvania just bad

Posted on August 15, 2018 by David McKee

On the face of it, the news from Atlantic City is good: Gambling revenues were up 10% last month. But the same-store comparison (i.e., minus Hard Rock Atlantic City and Ocean Resort) has the city down 9.5%. The haul was … Continue reading →

Posted in Atlantic City, Bruce Deifik, Caesars Entertainment, Dan Gilbert, Detroit, Eldorado Resorts, Greenwood Racing, Hard Rock International, Internet gambling, Las Vegas Sands, Massachusetts, MGM Resorts International, Mohegan Sun, Penn National, Pennsylvania, Pinnacle Entertainment, Racinos, Rush Street Gaming, Sports betting, Tilman Fertitta, Tropicana Entertainment, Wall Street | 1 Comment

Missouri becalmed; Scientific smackdown

Posted on August 13, 2018 by David McKee

One less weekend day was costly to Missouri casinos in July, when their revenue declined 2% to $150.5 million. The Kansas City market had the worst of it, off nearly 4%. Slot revenues ($128.5 million) were down 2% and table … Continue reading →

Posted in Ameristar, Bally Technologies, Caesars Entertainment, Downtown, Elaine Wynn, Eldorado Resorts, history, Isle of Capri, Massachusetts, Missouri, Penn National, Pinnacle Entertainment, Regulation, Scientific Games, Shuffle Master, Technology, Tropicana Entertainment, Wynn Resorts | Comments Off

Indiana comes up short; Too gay for Vegas

Posted on August 9, 2018 by David McKee

One less weekend day made all the difference for Indiana in July, as statewide gambling revenues were 1% down. The statewide gross was $191 million, with refugee players from Chicago helping to lead the way. (Remember, you can still smoke in … Continue reading →

Posted in Ameristar, Boyd Gaming, Caesars Entertainment, Dining, Full House Resorts, Illinois, Indiana, Pinnacle Entertainment, Racinos, Steve Wynn, The Strip, Tribal, Tropicana Entertainment, Wynn Resorts | Comments Off

Casino revenues surge (almost) everywhere

Posted on August 8, 2018 by David McKee

Maryland casino business continues to boom, up 5.5% last month. MGM National Harbor led the pack with $58 million. It will, however, be a source of dismay to ownership that play continues to trend toward highly taxed (60%) slots and … Continue reading →

Posted in Caesars Entertainment, Churchill Downs, Cordish Co., Dan Gilbert, Eldorado Resorts, Galaxy Entertainment, Golden Gaming, Las Vegas Sands, Lawrence Ho, Macau, Maryland, Melco Resorts & Entertainment, MGM Resorts International, Ohio, Penn National, Pinnacle Entertainment, Racinos, Sheldon Adelson, Sociedade de Jogos de Macau, Taxes, West Virginia, Wynn Resorts | Comments Off

Illinois takes a dive; Okada gets nabbed

Posted on August 7, 2018 by David McKee

Illinois casinos had been bumping along nicely in the Trump economy until they hit a plain old speed bump last month, with revenues down almost 4%, on a gross of $119 million, $39 million of which was generated by Rivers … Continue reading →

Posted in Atlantic City, Australia, Boyd Gaming, Caesars Entertainment, Crown Resorts, Economy, GLPI, Illinois, Kazuo Okada, Law enforcement, Massachusetts, MGM Resorts International, Penn National, Regulation, Rush Street Gaming, Scientific Games, Slot routes, Sports betting, Technology, Wall Street, Wendover, Wynn Resorts | Comments Off

Hellfire at Caesars; Slugfest on Boardwalk

Posted on August 6, 2018 by David McKee

When I read that two patrons at Ramsay’s Hell’s Kitchen had been injured, I assumed that the profane restaurateur had gone postal on a couple of his customers. Not so. However, if you’ve not partaken of the Rum Donkey, you’re … Continue reading →

Posted in Atlantic City, Bruce Deifik, Caesars Entertainment, CityCenter, Culinary Union, Derek Stevens, Dining, Downtown Grand, e-sports, Hard Rock International, Sports | Comments Off

More woes for Wynn; Unlucky 13 in Macao

Posted on August 3, 2018 by David McKee

Update: All charges in this case were dismissed, as the alleged rape was found to be a fabrication. Wynn Las Vegas‘ status as the poster child for sexual assault on the Las Vegas Strip just got another boost. SoCal dentist Poria … Continue reading →

Posted in Architecture, Caesars Entertainment, Dining, Economy, Election, Georgia, Iowa, Law enforcement, Macau, Marketing, Massachusetts, Politics, Sexual misconduct, Sociedade de Jogos de Macau, Taxes, The Strip, Wall Street, Wynn Resorts | Comments Off

Caesars excels, MGM disappoints; So long, Paradise Park

Posted on August 2, 2018 by David McKee

You know how I thought May’s visitation numbers representing Las Vegas finally finding bottom in a visitation decline? Never mind. June was down 1%, mainly driven (pardon the pun) by fewer drive-in visits from California. Fortuitously for the casinos, luck … Continue reading →

Posted in Atlantic City, Caesars Entertainment, California, Detroit, Economy, Las Vegas Sands, Macau, Mandalay Bay Massacre, Maryland, Massachusetts, Melco Crown Entertainment, MGM Resorts International, Sports, Sports betting, The Strip, Tourism, Wendover, Wynn Resorts | Comments Off

Murren steps in it (again); More casinos join sports-betting arms race

Posted on August 1, 2018 by David McKee

MGM Resorts International has decided that it made a faux pas … not by suing victims of the Mandalay Bay Massacre but by not explaining to employees what it was doing, leaving them open, says CEO Jim Murren, to “media … Continue reading →

Posted in Atlantic City, Caesars Entertainment, e-sports, International, Lawrence Ho, Macau, Mandalay Bay Massacre, Marketing, Melco Resorts & Entertainment, MGM Resorts International, Sports betting | Comments Off

Japan: Vegas meets the Yakuza

Posted on July 31, 2018 by David McKee

“Everybody says we have the leading position to win a Japanese gaming license because of my background,” remarked Sheldon Adelson modestly when casinos were voted in by the Diet. Over at MGM Resorts International, CEO Jim Murren played the social-responsibility … Continue reading →

Posted in Atlantic City, Baseball, Caesars Entertainment, Genting, Hard Rock International, Japan, MGM Resorts International, Regulation, Sheldon Adelson, Sports, Sports betting, The Mob, Tourism, Wynn Resorts | Comments Off

Warren sides with Wampanoags; Vdara dances The Robot

Posted on July 20, 2018 by David McKee

Sen. Elizabeth Warren (D) has waded into the Brockton-vs.-Taunton fight for a tribal casino. She’s introducing a bill that would circumvent the inactive Bureau of Indian Affairs and smooth the path of the Mashpee Wampanoags. While we have nothing against … Continue reading →

Posted in Caesars Entertainment, California, CityCenter, Genting, Hard Rock International, Japan, Massachusetts, Neil Bluhm, Politics, Regulation, Rush Street Gaming, Taxes, Technology, The Strip, Tribal | Comments Off

Hypocrisy at Station; Gamblers flee smoke-free casinos

Posted on July 20, 2018 by David McKee

Station Casinos has claimed on at least seven occasions that, if its workers want to unionize, it will honor their wishes. The Culinary Union called Station’s bluff and the company has been talking out of the other side of its mouth … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, Churchill Downs, Culinary Union, Derek Stevens, Downtown, Louisiana, Palms, Pinnacle Entertainment, Station Casinos, Tilman Fertitta, Tropicana Entertainment | 1 Comment