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- If you can’t beat ’em, cheat ’em; Fun & games
- Pennsylvania soggy; Epic fail in North Carolina
- Sibella scandal spreads; Supremes forestall Seminoles
- Atlantic City rebounds; Sibella dumped; NFL suspicions
- MGM limping back; Atlantic City follies; Wall Street Jottings
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- MGM crippled; Illinois & Indiana report; Bally’s shaky in Chi
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- Alice Eskandari on Durango Station, slightly downsized
- David McKee on You can’t fix stupid; Good-bad news on the bayou
- American Gaming Guru on You can’t fix stupid; Good-bad news on the bayou
- Ray Lebowski on Sibella scandal spreads; Supremes forestall Seminoles
- David McKee on Sibella scandal spreads; Supremes forestall Seminoles
- Ray Lebowski on Sibella scandal spreads; Supremes forestall Seminoles
- David McKee on MGM crippled; Illinois & Indiana report; Bally’s shaky in Chi
- Paul Shanahan on MGM crippled; Illinois & Indiana report; Bally’s shaky in Chi
- ACGambler on MGM limping back; Atlantic City follies; Wall Street Jottings
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- MGM crippled; Illinois & Indiana report; Bally’s shaky in Chi - 57,624 views
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Category Archives: Card rooms
Election Special: Gaming, tribes lose big
Although only 41% of all precincts have reported, it’s clear that both tribal and private-sector gaming suffered a stunning defeat in California last night. Both the tribes’ Proposition 26 and Big Gaming’s Proposition 27 are losing—and by wider margins than … Continue reading
Jottings for a Tuesday
You know it’s a slow news week when today’s front-and-center lead story in the Las Vegas Review-Journal is that a Lotus of Siam will open in a refreshed Red Rock Resort. With nothing of pressing urgency in the press these … Continue reading
Posted in Arizona, Bally, BetMGM, Caesars Entertainment, California, Card rooms, Cirque du Soleil, Cordish Co., Dining, DraftKings, Economy, Election, Entertainment, FanDuel, Hard Rock International, Pennsylvania, Station Casinos, The Strip, Tribal
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California Dems rebuff Big Gaming; Icahn irate; Mega-Jottings
California‘s Democratic Party has officially taken sides in the sports-betting ballot race and effectively come down on the side of a tribal/racetrack-driven initiative, going on the record as opposing a rival measure backed by most of the big names in … Continue reading
Posted in Atlantic City, Bally, California, Card rooms, Carl Icahn, Election, Hard Rock International, Internet gambling, New York, Politics, Real Estate, Regulation, Rush Street Gaming, Sports betting, Tribal, Virginia
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Strip carries Nevada; Atlantic City casinos play chicken
Nevada gambling revenues continued to climb in May, up 6% from last year, hitting $1.3 billion. The results were bifurcated, with tourist-dominated markets up and locals ones somewhat down. The Las Vegas Strip was the most obvious beneficiary, jumping 11.5% … Continue reading
Posted in Animals, Bally, Boulder Strip, Caesars Entertainment, California, Card rooms, Chicago, Churchill Downs, Downtown, Economy, Georgia, GLPI, Golden Nugget, Hard Rock International, Horseracing, Lake Tahoe, Laughlin, Law enforcement, Maryland, Mesquite, MGM Resorts International, Mississippi, Mohegan Sun, Money laundering, Nevada, North Las Vegas, Ocean Resort, Real Estate, Regulation, Reno, Rhode Island, Sports betting, The Strip, Unite-Here, Wendover
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MGM beats forecast, makes overseas play; California controversy
According to Deutsche Bank analyst Carlo Santarelli, the 1Q22 numbers for MGM Resorts International were “better than forecast” in Las Vegas and regionally, nor as bad as expected from Macao. Losses from BetMGM were worse than anticipated. Santarelli predicted cash … Continue reading
Posted in BetMGM, Boyd Gaming, California, Canada, Card rooms, Cosmopolitan, Dining, Downtown, DraftKings, Economy, Election, Entertainment, FanDuel, Hard Rock International, International, Internet gambling, Japan, Macau, Maine, MGM Resorts International, New York, Pennsylvania, Politics, Resorts World LV, Sports betting, Taxes, The Mob, The Strip, Tourism, Transportation, Tribal, Virginia, Wall Street
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Atlantic City continues to rebound; Chicago casinos lose momentum; Mega-Jottings
Atlantic City casinos leapt 17% from March 2021, grossing $216.5 million. Except for Tropicana Atlantic City, which was flat at $19 million, almost everyone posted relatively impressive gains. Borgata‘s $55 million (+18%) predictably topped the market, while Hard Rock Atlantic … Continue reading
Posted in AGA, Atlantic City, Bally, Caesars Entertainment, California, Card rooms, Charity, Chicago, Derek Stevens, Gary Goett, Golden Nugget, Hard Rock International, Indiana, International, Internet gambling, Law enforcement, Macau, MGM Resorts International, Mississippi, Mohegan Sun, Money laundering, Neil Bluhm, Ocean Resort, Phil Ruffin, Politics, Problem gambling, Reno, Rush Street Gaming, Spectacle Entertainment, Sports betting, Technology, West Virginia
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Venetian: The fix was in
As usual when billions are on the line, regulators dove under the table regarding the sale of Venelazzo to an unholy alliance of Apollo Management and Vici Properties. Although the Nevada Gaming Control Board cried foul—and rightly so—at the sexual … Continue reading
Posted in Apollo Management, Architecture, Caesars Entertainment, California, Canada, Card rooms, Conventions, Culinary Union, DraftKings, Economy, Election, FanDuel, Florida, IGT, Las Vegas Sands, Massachusetts, Peninsula Pacific, Politics, Real Estate, Regulation, Reno, Sexual misconduct, Sheldon Adelson, Steve Wynn, Taxes, The Strip, Virginia, Wynn Resorts
1 Comment
Atlantic City: Does it pay to improve?; Bicycle Casino’s flat tire
New Jersey giveth, New Jersey taketh away. The priority of the Lege’s lame-duck session will not be ending smoking in Atlantic City casinos but something much nearer and dearer to casino executives’ hearts: Revising the PILOT (Payment In Lieu of … Continue reading
Business comeback fuels Strip; Massachusetts fumbles sports betting
Las Vegas Strip room rates continue to demonstrate sustained strength through October and, get this, midweek traffic is driving the bus. Overall, weekday prices are up 22% versus 17% on weekends. MGM Resorts International is the pace car, +24% midweek … Continue reading
Posted in Caesars Entertainment, California, Card rooms, Connecticut, Derek Stevens, Economy, Fontainebleau, Health, IGT, International, Japan, Las Vegas Raiders, Las Vegas Sands, Macau, Massachusetts, MGM Resorts International, Mohegan Sun, Politics, Resorts World LV, Singapore, Sports, Sports betting, Taxes, The Strip, Tribal, Wall Street, Wynn Resorts
1 Comment
Competitive vitality in Pennsylvania; The politics of casinos
Pennsylvania was late to the casino-recovery party but it’s finally arrived, up 1% in July over 2019 for a gross of $310 million, of which $223 million was won at the slots. The good news may be short-lived, in that … Continue reading
Posted in Alex Meruelo, Atlantic City, BetMGM, Boyd Gaming, Caesars Entertainment, California, Card rooms, Centaur Gaming, Churchill Downs, Cordish Co., Derek Stevens, DraftKings, Economy, Entertainment, FanDuel, FoxBet, Greenwood Racing, Health, Indiana, Internet gambling, Japan, Law enforcement, Marketing, Michael Gaughan, Mohegan Sun, Nevada, Oklahoma, Oregon, Penn National, Pennsylvania, PointsBet, Politics, Regulation, Rush Street Gaming, South Korea, Spectacle Entertainment, Sports betting, Station Casinos, Tamares Group, Taxes, Texas, Tribal, TV, Wall Street, West Virginia, Wynn Resorts
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Steve Wynn, international man of mystery
“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
Hail Caesars; Durango Station green-lit
“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
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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
BetMGM saves company’s bacon; Whither the Palms?
Seesawing between the effects of closures and capacity restrictions, Detroit casinos were down 28% last month. They grossed $87 million, led by MGM Grand Detroit with $34 million (-32%). Breathing down MGM’s neck is MotorCity‘s $33 million haul (-21%), while … Continue reading
Posted in California, Card rooms, Colorado, Conventions, Cordish Co., Detroit, Dining, Economy, Health, Internet gambling, Las Vegas Sands, Macau, Marketing, MGM Resorts International, Michigan, Palms, Penn National, Pennsylvania, Sports betting, Station Casinos, Tennessee, The Strip, Tourism, Wall Street
2 Comments
Quote of the Day
“If you have this amenity and there’s sports betting at the card rooms, you might add 250 jobs and the secondary effect of those jobs. We have over 2,200 employees in the state. They’re great-paying jobs with an average salary … Continue reading
Posted in Card rooms, Economy, Maverick Gaming, Sports betting, Washington State
1 Comment