Category Archives: Cordish Co.

Recovery slowing but still going; Singapore soars

Although gambling revenues in Maryland decelerated somewhat from May, they were still 1% higher than last June and 14% more robust than 2019’s, for a total haul of $163 million. It was basically a two-horse race, with MGM National Harbor … Continue reading

Posted in Arizona, Barstool Sports, BetMGM, Caesars Entertainment, China, Churchill Downs, Cordish Co., Crown Resorts, DraftKings, Entertainment, FanDuel, Golden Gaming, Las Vegas Sands, Law enforcement, Macau, Maryland, MGM Resorts International, Michigan, Mississippi, Penn National, Rush Street Gaming, Singapore, Sports betting, The Strip, Tourism, Tribal, Wall Street, Washington State, Wynn Resorts | 1 Comment

Atlantic City booms on eve of strike; Louisiana not so lucky

Staring down a seemingly inevitable strike on July 1 by Unite-Here, casinos in Atlantic City could at least take solace in a May that saw gaming revenues leapfrog 9% over last year. The total gross was $233 million, as slot … Continue reading

Posted in Architecture, Atlantic City, Australia, Bally, Barstool Sports, BetMGM, Boyd Gaming, Caesars Entertainment, California, Churchill Downs, Cordish Co., CQ Holdings, Crown Resorts, Dining, Downtown, DraftKings, FanDuel, FoxBet, Golden Nugget, Greenwood Racing, Hard Rock International, Internet gambling, Louisiana, Marketing, MGM Resorts International, Michigan, Mohegan Sun, Ocean Resort, Penn National, Pennsylvania, Rush Street Gaming, Sports betting, Tamares Group, Texas, Tourism, Tribal, TV, Unite-Here | 1 Comment

Special Edition

So we leave on vacation (I checked into the Westin O’Hare and didn’t leave the building for three and half days) and all hell breaks loose in Big Gaming. The breaking story was MGM Resorts International‘s decision to shuck Gold … Continue reading

Posted in Atlantic City, Australia, Bally, Barstool Sports, BetMGM, Boyd Gaming, Caesars Entertainment, California, Century Casinos, Cordish Co., Crown Resorts, DraftKings, FanDuel, Full House Resorts, Gary Goett, Hard Rock International, Illinois, Indiana, International, Internet gambling, Japan, Macau, MGM Resorts International, Mississippi, Missouri, New York, Oklahoma, Penn National, PointsBet, Rush Street Gaming, Sociedade de Jogos de Macau, Sports betting, Tribal, Unite-Here | 2 Comments

Maryland weaker, Illinois stronger; Mickelson in denial

Even as playing levels normalize from last year, gambling revenues continue their upward tread. Maryland, for instance, was 4% higher in May than a year ago (and 17.5% above 2019). Had there not been one fewer weekend day than in … Continue reading

Posted in Architecture, Atlantic City, Bally, Barstool Sports, Boyd Gaming, Caesars Entertainment, California, Chicago, Churchill Downs, Cordish Co., DFS, DraftKings, Economy, FanDuel, Genting, Golden Nugget, Hard Rock International, Health, Illinois, Maryland, MGM Resorts International, Nebraska, New Jersey, New York, Ohio, Penn National, Phil Ruffin, Politics, Problem gambling, Racinos, Sports, Sports betting, Taxes, Tribal, Virginia, Washington State | 1 Comment

Steve Wynn, Commie stooge?; Resorts World LV jumps shark

If there’s one thing Steve Wynn loves almost as much as money (and women to whom he is not married) it’s the Red Chinese. He’s been warbling sweet nothings about them ever since he got a gig in Macao as … Continue reading

Posted in Bally, Barstool Sports, Baseball, BetMGM, Boyd Gaming, Caesars Entertainment, Chicago, China, Churchill Downs, Cordish Co., Donald Trump, DraftKings, Economy, Entertainment, Failsinos, FanDuel, Florida, Greenwood Racing, Hard Rock International, history, Internet gambling, Macau, Michigan, Mohegan Sun, Penn National, Pennsylvania, PokerStars, Real Estate, Regulation, Resorts World LV, Rush Street Gaming, Sports betting, Steve Wynn, The Strip, WInd Creek, Wynn Resorts | 3 Comments

Parx dethroned; Shreveport sleaze; Maine’s latest bet

Move over, Parx Casino, there’s a new leader in the Pennsylvania gaming market. That’d be Penn National‘s eponymous racino near Harrisburg. For the second month in a row it was tops in the Keystone State, banking $64 million, up 11.5% … Continue reading

Posted in Atlantic City, Australia, Bally, Barstool Sports, BetMGM, Boyd Gaming, Caesars Entertainment, China, Churchill Downs, Cordish Co., Crown Resorts, DraftKings, FanDuel, Florida, Golden Nugget, Greenwood Racing, Health, Internet gambling, Kansas, Kentucky, Louisiana, Macau, Maine, MGM Resorts International, Michigan, Mohegan Sun, New Jersey, Peninsula Pacific, Penn National, Pennsylvania, Politics, Regulation, Rhode Island, Rush Street Gaming, Sports, Sports betting, Taxes, Transportation, Tribal, Virginia, Wynn Resorts | Comments Off on Parx dethroned; Shreveport sleaze; Maine’s latest bet

Philadelphia Dead

Cordish Gaming, we have a problem. Not only does it turn out to have been a bad idea to site a casino in Philadelphia‘s stadium district, it was an even worse mistake by state regulators to saturate the greater City … Continue reading

Posted in Caesars Entertainment, Cordish Co., Marketing, Pennsylvania, Regulation, Rush Street Gaming | 1 Comment

Penn’s Portnoy problem; Unexpected winners, losers in Pennsylvania; Mega-Jottings

That ongoing bromance between Barstool Sports founder Dave Portnoy and Penn National Gaming CEO Jay Snowden is prompting regulatory scrutiny in Indiana and even Nevada, especially as Penn girds its loins for a full Barstool buyout. That would bring the … Continue reading

Posted in Architecture, Barstool Sports, Baseball, BetMGM, Boyd Gaming, Caesars Entertainment, Churchill Downs, Cordish Co., Detroit, DraftKings, FanDuel, Greenwood Racing, Horseracing, Indiana, International, Internet gambling, Las Vegas Sands, Marketing, Massachusetts, Mohegan Sun, Nevada, New York, Ocean Resort, Oklahoma, Penn National, Pennsylvania, Regulation, Rush Street Gaming, Sexual misconduct, Sports betting, Taxes, Tourism, Tribal, Wall Street, WInd Creek | 2 Comments

Almost everyone prospers in Maryland; Broader revival continues

There’s no sign of “normalization” of gaming revenues in Maryland, where February yielded $163 million, a 19% gain over 2019. Horseshoe Baltimore continued to be somewhat sickly, down 14% to $18 million while everyone else climbed. The silver lining was … Continue reading

Posted in Architecture, BetMGM, Caesars Entertainment, Carl Icahn, Churchill Downs, Cordish Co., Downtown Grand, Entertainment, Fontainebleau, Golden Gaming, Illinois, Indiana, Louisiana, Maryland, MGM Resorts International, Missouri, Ohio, Penn National, Scientific Games, Sports betting, The Strip, Tourism, Wynn Resorts | 1 Comment

DraftKings flexes its biceps; New names, same players

Probably in reaction to a precipitous plunge in DKNG shares, DraftKings hosted an investor day in which it told Wall Street analysts that everything is coming up roses. Its lead point was that its ‘total addressable market’ (translation: potential bettors) … Continue reading

Posted in Barstool Sports, Canada, Cordish Co., DraftKings, GLPI, Golden Nugget, Internet gambling, Maryland, Penn National, Pennsylvania, Scientific Games, Sports betting, Wall Street | Comments Off on DraftKings flexes its biceps; New names, same players

By the seaside

We’re just back (and exhausted) from dealing with a harrowing family emergency. Fortunately, our East Coast correspondent has been busy during our absence and files the following photo essay … Ocean Resort: “I asked for a small piece” at the … Continue reading

Posted in Atlantic City, Bally, Cordish Co., Dining, Golden Nugget, Law enforcement, MGM Resorts International, Ocean Resort, Pennsylvania | 3 Comments

Everybody wins; ‘Adele’ debuts; Ohio and Maryland prosper

Let’s start the day with a rare, feel-good story about an invalidated jackpot. Normally, these things go the way of the house. But not this time. On January 8, at Treasure Island, a player named Robert Taylor was playing the … Continue reading

Posted in Apollo Management, Aristocrat, Bally, BetMGM, Boyd Gaming, Caesars Entertainment, Churchill Downs, Cordish Co., DraftKings, Entertainment, FanDuel, Fontainebleau, Golden Gaming, Hard Rock International, Illinois, Louisiana, Macau, Maryland, Massachusetts, MGM Resorts International, Missouri, New York, Ohio, Palms, Penn National, Phil Ruffin, Regulation, Rush Street Gaming, Sports, Sports betting, The Strip, Tribal, United Kingdom, Wall Street, Wynn Resorts | Comments Off on Everybody wins; ‘Adele’ debuts; Ohio and Maryland prosper

Warm breeze in Atlantic City; Indiana heats up

December brought an acceleration in most forms of New Jersey gambling revenue. Atlantic City casinos managed a 1.5% increase over the end of 2019 but sports betting revenue dropped 11% year/year, blamed on low hold. Sticking close to home, Internet … Continue reading

Posted in Atlantic City, Australia, Bally, Barstool Sports, BetMGM, Boyd Gaming, Caesars Entertainment, Cordish Co., Crown Resorts, DraftKings, Entertainment, FanDuel, Full House Resorts, Golden Nugget, Hard Rock International, Indiana, Maryland, Massachusetts, MGM Resorts International, Mohegan Sun, New Jersey, New York, Ocean Resort, Peninsula Pacific, Penn National, PointsBet, Politics, Regulation, Rush Street Gaming, Sports betting, Taxes, Tribal, Virginia, Wynn Resorts | 2 Comments

Doldrums in Macao; “Love” in jeopardy; Mega-Jottings

There’s an Eeyore sweatshirt that says, “Could be worse. Not sure how, but it could be.” That pretty much sums up the situation in Macao, which finished 2021 44% ahead of 2020 when it comes to gambling revenue … but … Continue reading

Posted in Arizona, Atlantic City, Cirque du Soleil, Colorado, Cordish Co., Economy, Florida, Galaxy Entertainment, GLPI, Health, IGT, International, Lake Tahoe, Las Vegas Raiders, Las Vegas Sands, Laughlin, Law enforcement, Macau, Maryland, Melco Resorts & Entertainment, MGM Resorts International, North Carolina, Politics, Real Estate, Regulation, Sports betting, Taxes, Tribal, Wall Street, Washington State, Wynn Resorts | Comments Off on Doldrums in Macao; “Love” in jeopardy; Mega-Jottings

Mixed signals in Pennsylvania; Atlantic City casinos get their wish

Despite fewer weekends than in 2019, Pennsylvania casino revenues nudged up 3% last month, albeit not a same-store comparison, what with three new casinos having opened in the interim (that would make it -9%). Slots won $185.5 million and table … Continue reading

Posted in Atlantic City, Barstool Sports, BetMGM, Boyd Gaming, Caesars Entertainment, California, Canada, Card rooms, Churchill Downs, Cordish Co., DraftKings, FanDuel, Health, Las Vegas Raiders, Michigan, Mohegan Sun, Penn National, Pennsylvania, Politics, Rush Street Gaming, Sports, Sports betting, Taxes, Tribal, WInd Creek | Comments Off on Mixed signals in Pennsylvania; Atlantic City casinos get their wish

Mirage sold; Big win for Las Vegas; Bluhm, Reinsdorf clash in Chicago

In a billion-dollar coup, MGM Resorts International has sold the operations of The Mirage to Hard Rock International, a huge markup on Steve Wynn‘s 1989 creation—and Hard Rock isn’t even getting the underlying land! All this for 17X EBITDA, an … Continue reading

Posted in Architecture, Caesars Entertainment, Chicago, Cordish Co., Downtown, DraftKings, Economy, Hard Rock International, Health, Japan, MGM Resorts International, Mohegan Sun, New Jersey, Pennsylvania, Planet Hollywood, Politics, Rush Street Gaming, Scott Butera, Sports, Sports betting, Station Casinos, Steve Wynn, The Strip, TV, Virgin Hotels | 4 Comments

MGM enjoys reversal of fate; From the police blotter; Raiders sunk

How the wheel of fortune has turned for MGM Resorts International. Where Macao was once the grand prize among its casino trophies, it is now an albatross around the company’s neck, provoking a guarded outlook from Fitch Ratings. But MGM’s … Continue reading

Posted in Atlantic City, Caesars Entertainment, China, Cordish Co., Cretins, Delaware, GLPI, Health, International, Las Vegas Raiders, Law enforcement, Louisiana, Macau, Maryland, MGM Resorts International, New York, North Las Vegas, Peninsula Pacific, Politics, Real Estate, Sports, Sports betting, Taxes, Texas, The Strip, Tilman Fertitta, Tribal, Unite-Here, Wall Street, Wynn Resorts | Comments Off on MGM enjoys reversal of fate; From the police blotter; Raiders sunk

Cordish cashes in; Scare tactics in Atlantic City; Illinois slumps

Succumbing to the siren song of REITmania, Cordish Gaming has sold the real estate of three of its casinos to Gaming & Leisure Properties Inc. for a grand total of $1.8 billion. The affected casinos are Philadelphia Live, Pittsburgh Live … Continue reading

Posted in Atlantic City, Bally, Boyd Gaming, Caesars Entertainment, Chicago, Churchill Downs, Cordish Co., DraftKings, GLPI, Golden Nugget, Hard Rock International, Illinois, Indiana, Louisiana, Maryland, Missouri, Ohio, Penn National, Pennsylvania, Politics, Real Estate, Sports betting, Taxes, The Strip, Wall Street | 2 Comments

MGM resurgent in Maryland; More Mega-Jottings

November was another terrific month for Maryland casinos, as revenues picked up a bit from October, accumulating 14% more than in November 2019.. (If inflation is so bad, where do Marylanders find all this money with which to gamble, one … Continue reading

Posted in Architecture, Atlantic City, Australia, Caesars Entertainment, California, Churchill Downs, Cordish Co., Crown Resorts, Economy, Election, Entertainment, Florida, Golden Gaming, Hard Rock International, Japan, Las Vegas Raiders, Las Vegas Sands, Louisiana, Macau, Maryland, MGM Resorts International, Mohegan Sun, Movies, Nevada, Penn National, Planet Hollywood, San Manuel Band of Mission Indians, South Korea, Sports, The Rio, The Strip, Virgin Hotels, Virginia, West Virginia, World Series of Poker, Wynn Resorts | 4 Comments

Special Edition: Rumblings from around Big Gaming

Update: The Seminole Tribe has finally, grudgingly stopped taking sports bets, effective yesterday. At the risk of using the Seminole Tribe as a punching bag, we have to observe that it clearly doesn’t understanding the meaning of the word “no,” … Continue reading

Posted in AGA, Bally, Baseball, Caesars Entertainment, Conventions, Cordish Co., Cosmopolitan, DraftKings, Health, IGT, Law enforcement, Macau, Marketing, MGM Mirage, MGM Resorts International, Penn National, Pennsylvania, Real Estate, Regulation, Scientific Games, Seminole Tribe, Sports betting, The Strip | 2 Comments