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Category Archives: Conventions
MGM retrenches; Election wrap-up
MGM Resorts International CFO Corey Sanders and Chief Strategy Officer Aaron Fischer met with J.P. Morgan analyst Joseph Greff, who came “away from these meetings incrementally positive on MGM’s asset monetization plans, ability to meet its 2020 targets, and a healthy … Continue reading
Posted in Australia, Caesars Entertainment, CityCenter, Colorado, Conventions, Dubai, Election, Full House Resorts, Indiana, Japan, Kentucky, Macau, MGM Resorts International, Regulation, Slot routes, Spectacle Entertainment, Sports, Sports betting, Vietnam, Virginia, Wall Street
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Vegas tourists, locals flex economic muscle
Both the Las Vegas Strip and Nevada casinos as a whole were up 7% in September, with locals action up a bullish 9.5%. “We think this data suggest less potential gaming-related risk to MGM’s 3Q19 results as well as [Station … Continue reading
Posted in Boulder Strip, Conventions, Downtown, Lake Tahoe, Laughlin, MGM Resorts International, Reno, Station Casinos, The Strip, Tourism, Wall Street
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Scientific rebuffed in R.I.; Golden, Boyd deliver
Rhode Island Gov. Gina Raimondo (D) doubled down on her commitment to International Game Technology to run the state’s lottery by rebuffing an offer from Scientific Games, in tandem with Twin River Casinos. The Scientific proposal promised 1,100 jobs or … Continue reading
Posted in Boyd Gaming, Conventions, Downtown, Environment, Golden Gaming, Hawaii, IGT, Lotteries, North Las Vegas, Palms, Rhode Island, Scientific Games, Sports, The Strip, Wall Street
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Wall Street rates Vegas, Macao; Tribes skirmish in Illinois
Credit Suisse analyst Ben Combes turned his attention to three major Las Vegas companies, starting with MGM Resorts International. He’s staying neutral on the giant, writing, “We see Las Vegas as a cyclical but long-term growth market, given strong leverage … Continue reading
Posted in China, Conventions, Economy, Illinois, Indiana, Las Vegas Sands, Macau, MGM Resorts International, Pennsylvania, Politics, Tourism, Transportation, Tribal
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Odds favor Trump; Whistleblower scandal at Caesars
Donald Trump has an excellent chance of surviving both the present impeachment inquiry and the 2020 election. That’s not punditry: It’s oddsmaking. BookerMaker.eu places The Donald as a 10/1 long shot for being unseated. Ironically, Trump nemesis Nicholas Maduro of … Continue reading
Posted in Atlantic City, Caesars Entertainment, Canada, Conventions, Donald Trump, Economy, Election, International, Internet gambling, Sexual misconduct, The Strip, Tilman Fertitta, Wall Street
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Wall Street: The Strip is all right; Rivals pile into Waukegan
JP Morgan analyst Joseph Greff has just returned from a two-day field trip to Las Vegas. His overall reaction was “incrementally positive.” He said he sensed “a fairly steady trend line in terms of overall spend and net revenue performance.” … Continue reading
Posted in Boyd Gaming, Caesars Entertainment, Churchill Downs, Conventions, Dan Gilbert, Dan Lee, Detroit, Dining, Entertainment, Full House Resorts, Illinois, Japan, Las Vegas Raiders, Las Vegas Sands, Macau, Marketing, Maryland, MGM Resorts International, Ohio, Palms, Penn National, Resort fees, Rush Street Gaming, Sahara, Sports betting, The Strip, Tribal, Wall Street, Warner Gaming, Wisconsin
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