Category Archives: Cordish Co.

Atlantic City still booming; Churchill Downs wins in Terre Haute

Posted on November 18, 2021 by David McKee

It was another bonanza month for the Boardwalk, as casinos grossed $237.5 million in October, 17% above 2019. Slot win was up 22% on 19% more coin-in and tables won 6% on 9% higher wagering and despite lower hold. Borgata … Continue reading →

Posted in Atlantic City, Bally, Barstool Sports, BetMGM, Caesars Entertainment, Churchill Downs, Cordish Co., DraftKings, FanDuel, FoxBet, Full House Resorts, Golden Nugget, Greenwood Racing, Hard Rock International, Indiana, International, MGM Resorts International, Mohegan Sun, Money laundering, Ocean Resort, Penn National, Pennsylvania, PointsBet, Rush Street Gaming, Sports betting, Tribal, Wall Street | 1 Comment

Wynn spits out SPAC; Penn slammed; Indiana impresses

Posted on November 12, 2021 by David McKee

Headlines are still being made by Wynn Resorts this week. Shockwaves continue to reverberate from CEO Matt Maddox‘s surprise retirement, nearly one year ahead of schedule. His departure comes at a delicate point in negotiations with Macao (or should we … Continue reading →

Posted in Bally, Barstool Sports, BetMGM, Boyd Gaming, Caesars Entertainment, Cordish Co., DraftKings, Drugs, Entertainment, FanDuel, Fontainebleau, Full House Resorts, Golden Gaming, Hard Rock International, Indiana, International, Internet gambling, Macau, Marketing, New York, Penn National, Pennsylvania, PointsBet, Sports betting, Station Casinos, Tribal, TV, Wall Street, Wynn Resorts | 2 Comments

New York picks winners, losers; Ohio, even Illinois flex muscles

Posted on November 9, 2021 by David McKee

In hopes of having online sports betting operational in time for the Super Bowl, Empire State gaming regulators announced their picks for the state’s nine OSB license applications late yesterday. Winners were BetMGM (just as Bill Hornbuckle predicted), DraftKings, FanDuel, … Continue reading →

Posted in Bally, Barstool Sports, BetMGM, Boyd Gaming, Caesars Entertainment, Churchill Downs, Cordish Co., Delaware, DFS, DraftKings, Economy, Environment, Failsinos, FanDuel, FoxBet, Foxwoods, Full House Resorts, Genting, Golden Gaming, Hard Rock International, Illinois, International, Jack Entertainment, Lake Tahoe, Maryland, MGM Resorts International, Mississippi, Missouri, Mohegan Sun, New York, Ohio, Penn National, PointsBet, Racinos, Rush Street Gaming, Sports betting, Taxes, Technology, West Virginia, Wynn Resorts | 2 Comments

Sands: From bad to worse; Musk subway system approved for Vegas

Posted on October 21, 2021 by David McKee

Wall Street analysts were frankly underwhelmed by Las Vegas Sands‘ third quarter. Now that the company is wholly reliant upon the afflicted Macao and Singapore markets that’s hardly surprising. JP Morgan analyst Joseph Greff was pretty blunt, calling Macanese cash … Continue reading →

Posted in Atlantic City, Bally, China, Cordish Co., Downtown, Economy, Election, Entertainment, Golden Nugget, Hard Rock International, Health, Illinois, Internet gambling, Las Vegas Sands, Macau, Marketing, Maryland, MGM Resorts International, Pennsylvania, Regulation, Singapore, Sports betting, Station Casinos, Technology, The Strip, Transportation, Tribal, Wall Street | Comments Off on Sands: From bad to worse; Musk subway system approved for Vegas

Pennsylvania rebounds; Mega-jottings

Posted on October 20, 2021 by David McKee

After grappling with the effects of gaming saturation for several months, Pennsylvania flexed its muscles in September, up 9% from 2019. The gross was $283 million. On a same-store basis (i.e., discounting the effects of new casinos), the Keystone State … Continue reading →

Posted in Arizona, Barstool Sports, BetMGM, Boyd Gaming, Caesars Entertainment, California, Churchill Downs, Cordish Co., Culinary Union, DraftKings, Drugs, FanDuel, Florida, FoxBet, Genting, Greenwood Racing, Internet gambling, Law enforcement, Lotteries, MGM Resorts International, Missouri, Mohegan Sun, New Jersey, Penn National, Pennsylvania, Regulation, Resorts World LV, Rush Street Gaming, Scientific Games, Seminole Tribe, Singapore, Sports betting, Station Casinos, Taxes, Tribal | 1 Comment

Dream comes true; Recovery stays strong; DraftKings’ clock cleaned

Posted on October 8, 2021 by David McKee

If they can scrape together $500 million (which shouldn’t be a problem in this investment climate), developers David Daneshforooz and Bill Shopoff have the Clark County Commission‘s blessing to move forward with the Dream casino-hotel. Despite a raft of security … Continue reading →

Posted in Atlantic City, Bally, Boyd Gaming, Caesars Entertainment, Charity, Churchill Downs, Cordish Co., DraftKings, Economy, G2E, Golden Gaming, Hard Rock International, Health, history, Illinois, International, Jack Entertainment, Las Vegas Raiders, Maryland, MGM Resorts International, North Carolina, Ohio, Penn National, San Manuel Band of Mission Indians, Security, Sports betting, Station Casinos, The Strip, Tribal, Wall Street, West Virginia | 1 Comment

Atlantic City slumps, as does Pennsylvania; Culinary kabuki theatre

Posted on September 22, 2021 by David McKee

Casinos along the Boardwalk continue to be impervious to the economic recovery that is prevalent in the gaming industry. Atlantic City was down 8% last month compared to 2019, grossing $262.5 million. Sports betting brought in $52 million (+32% from … Continue reading →

Posted in Atlantic City, Bally, Barstool Sports, BetMGM, Boyd Gaming, Caesars Entertainment, Churchill Downs, Cordish Co., CQ Holdings, Culinary Union, DraftKings, Entertainment, FanDuel, Florida, FoxBet, Golden Nugget, Greenwood Racing, Hard Rock International, International, Internet gambling, Japan, Las Vegas Sands, Louisiana, Macau, Melco Resorts & Entertainment, MGM Resorts International, Mohegan Sun, Ocean Resort, Penn National, Pennsylvania, Rush Street Gaming, Sports, Sports betting, Technology, The Strip, Tribal, Wall Street, Washington State, Wayne F. Newton, William Hill, Wynn Resorts | 1 Comment

Maryland, Ohio prosper; Sands scraping bottom in Macao

Posted on September 8, 2021 by David McKee

Regional gaming continues to be a gravy train. Maryland casinos grossed $168.5 million in August, up 9% from 2019. Just think how much better the take would have been had the month not been two weekend days shorter than August … Continue reading →

Posted in Arizona, Boyd Gaming, Caesars Entertainment, Churchill Downs, Cordish Co., Golden Gaming, Hard Rock International, Health, Jack Entertainment, Las Vegas Raiders, Las Vegas Sands, Macau, Maryland, MGM Resorts International, Movies, Ohio, Penn National, Sports, Sports betting, Taxes, Wall Street | 2 Comments

Super-spreader event at Caesars nixed; Mega-jottings

Posted on September 2, 2021 by David McKee

Caesars Entertainment must have decided it was poor optics to be hosting a convention of anti-vaxxers at brand-new Caesars Forum as Coronavirus cases spike. Or maybe it blanched at the potential deep-cleaning costs after the event. Either way, QAnon-espousing “Patriot … Continue reading →

Posted in Alex Meruelo, Architecture, Arizona, Arkansas, Atlantic City, Bally, Barstool Sports, BetMGM, Canada, Charity, Cirque du Soleil, Conventions, Cordish Co., Cosmopolitan, Dining, DraftKings, Entertainment, FanDuel, Foxwoods, Golden Nugget, Greenwood Racing, Hard Rock International, Health, Horseracing, International, Internet gambling, Las Vegas Raiders, M Resort, Marijuana, Marketing, MGM Resorts International, Mohegan Sun, Nevada, North Carolina, Ocean Resort, Penn National, Pennsylvania, PointsBet, Sahara, South Dakota, Sports, Sports betting, Station Casinos, The Strip, Tilman Fertitta, Virginia, Wynn Resorts, Wyoming | 2 Comments

Competitive vitality in Pennsylvania; The politics of casinos

Posted on August 19, 2021 by David McKee

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 | 1 Comment

Has Japan jumped the shark?

Posted on August 13, 2021 by David McKee

That in essence is the question posed today by Global Gaming Business, in an excellent article by Marjorie Preston. And if GGB is querying the viability of the Nipponese casino market you know things are bad. Even normally bullish Brendan … Continue reading →

Posted in Architecture, Arizona, Atlantic City, Bally, Barstool Sports, Baseball, BetMGM, Boyd Gaming, Caesars Entertainment, Cordish Co., CQ Holdings, DraftKings, FanDuel, Full House Resorts, Genting, Golden Nugget, Hard Rock International, Health, Indiana, Japan, Las Vegas Sands, Louisiana, Macau, Melco Crown Entertainment, MGM Resorts International, Peninsula Pacific, Penn National, Pennsylvania, Politics, Rush Street Gaming, Sports betting, Taxes, TV, William Hill, Wynn Resorts | 1 Comment

Maryland goes, goes, goes; Penn flips out; SEC scrutinizing DraftKings

Posted on August 6, 2021 by David McKee

We Americans sure do love us some gambling. Maryland‘s July numbers just came in and it’s 20.5% (!) ahead of 2019. Casinos won $180 million and two extra weekend days obviously helped the tally. MGM National Harbor led with $72 … Continue reading →

Posted in Arizona, Atlantic City, Bally, Barstool Sports, Caesars Entertainment, Canada, Churchill Downs, Cordish Co., DraftKings, Golden Gaming, Hard Rock International, Illinois, Indiana, International, Internet gambling, Kansas, Marketing, Maryland, MGM Resorts International, Mississippi, Missouri, Neil Bluhm, New York, Pahrump, Penn National, Pennsylvania, Politics, Regulation, Rush Street Gaming, Sports, Sports betting, Technology, Tribal, TV, Wall Street, West Virginia | Comments Off on Maryland goes, goes, goes; Penn flips out; SEC scrutinizing DraftKings

Wynn “strong” this summer; MGM returning to form

Posted on August 5, 2021 by David McKee

Wynn Resorts released 2Q21 results yesterday and JP Morgan analyst Joseph Greff called them “strong” in both Las Vegas and Boston. In Macao, eh, not so much. He began by saying “results by region unsurprisingly reflect differences in vaccination rates … Continue reading →

Posted in Atlantic City, Caesars Entertainment, Cordish Co., Entertainment, Golden Nugget, Japan, Las Vegas Sands, Macau, Marketing, Massachusetts, Melco Resorts & Entertainment, MGM Resorts International, Mississippi, Sports betting, Taxes, The Strip, Tourism, Wall Street, Wynn Resorts | 3 Comments

Las Vegas flirting with disaster; Pennsylvania sickly

Posted on July 20, 2021 by David McKee

With the exception of brave outliers Las Vegas Sands and Westgate Las Vegas, most casinos in Sin City are reacting to the resurgence of Covid-19 by doing … nothing. There’s a ‘been there, done that‘ attitude toward crisis-period measures like … Continue reading →

Posted in Arizona, Bally, Barstool Sports, Baseball, BetMGM, Caesars Entertainment, Churchill Downs, Cordish Co., DraftKings, Economy, FanDuel, FoxBet, Genting, Greenwood Racing, Hard Rock International, Health, Internet gambling, Las Vegas Sands, Mohegan Sun, Nevada, New York, Ohio, Penn National, Pennsylvania, Regulation, Rush Street Gaming, Singapore, The Strip, Tourism, Tribal, Wall Street, Westgate LV | 3 Comments

Atlantic City plays catch-up; Pennsylvania, Michigan flex online muscles

Posted on July 19, 2021 by David McKee

Casinos in Atlantic City are having trouble catching a wave from the Great Reopening. Last month’s brick-and-mortar revenues were $214.5 million, 9% down from 2019. Slot win ($154 million) was 8% lower on 11% less coin-in and luck wasn’t with … Continue reading →

Posted in Atlantic City, Bally, Barstool Sports, BetMGM, Caesars Entertainment, Cordish Co., Culinary Union, Derek Stevens, Dining, DraftKings, Economy, FanDuel, FoxBet, Golden Nugget, Greenwood Racing, Hard Rock International, Health, Internet gambling, Japan, Las Vegas Sands, Massachusetts, MGM Resorts International, Michigan, Mohegan Sun, New Jersey, Ocean Resort, Penn National, Pennsylvania, Rush Street Gaming, Sports, Sports betting, Station Casinos, Taxes, The Strip, Wall Street, Westgate LV, William Hill, Wynn Resorts | 2 Comments

Maryland keeps booming; Penn panned

Posted on July 7, 2021 by David McKee

Gaming’s recovery continues unabated in the Free State. Maryland gambling revenues for June were $161.5 million, a 13% gain on 2019. $64 million of that went to MGM National Harbor, up 12% and hoarding 39.5% market share. Maryland Live chugged … Continue reading →

Posted in Barstool Sports, Caesars Entertainment, Churchill Downs, Cordish Co., Cretins, DFS, FanDuel, Golden Gaming, Health, Internet gambling, Maryland, MGM Resorts International, Mohegan Sun, Nevada, Penn National, Pennsylvania, Sports betting, Wall Street, West Virginia | 3 Comments

Resorts World a smash hit; Cranky Maine woman stiffs tribes

Posted on July 5, 2021 by David McKee

Some of us thought Nevada would never regain the giddy gambling heights of 2007. We were wrong. May was the best month in Silver State history, as casinos raked in $1.2 billion. (The previous high was in October 2007, on … Continue reading →

Posted in Arizona, Atlantic City, BetMGM, Caesars Entertainment, Cordish Co., DraftKings, Economy, FanDuel, Genting, Health, Maine, Marketing, Nebraska, Nevada, North Carolina, Pennsylvania, Phil Ruffin, Politics, Racinos, Resorts World LV, Sahara, Sports, Sports betting, Tennessee, Tribal, Virginia, Wynn Resorts | 2 Comments

Unlucky Lucy; Las Vegas “vibrant;” Secret plan for Atlantic City

Posted on June 26, 2021 by David McKee

No executives? No financing? No problem, right? Big problem! Just ask the nonentities behind a proposed Terre Haute casino. They just got turned down for a license. This almost never happens in “gold standard” Nevada, not because casino projects have … Continue reading →

Posted in Architecture, Atlantic City, Bally, Caesars Entertainment, Charity, Conventions, Cordish Co., Dining, Economy, Entertainment, Hard Rock International, Horseracing, Illinois, Indiana, Law enforcement, Macau, MGM Resorts International, New York, North Carolina, Pennsylvania, Politics, Real Estate, Regulation, Slot routes, Sociedade de Jogos de Macau, Spectacle Entertainment, Taxes, The Strip, Tourism, Tribal, Virginia | 2 Comments

Same to you, fella; Mega-Jottings

Posted on June 21, 2021 by David McKee

We were stumped for a lead item until we got this snap from our Atlantic City bureau. One has to puzzle at Borgata‘s cretinous idea of a welcome, particularly its implicit slap at women. Did property President Melonie Johnson sign … Continue reading →

Posted in Atlantic City, Bally, BetMGM, Boyd Gaming, Caesars Entertainment, Churchill Downs, Cordish Co., Cretins, Diversity, Foxwoods, Greenwood Racing, Illinois, Las Vegas Sands, Macau, Mohegan Sun, Ohio, Penn National, Pennsylvania, Politics, Regulation, Reno, Rush Street Gaming, Sports betting, Taxes, Technology, Texas, Tribal, William Hill | Comments Off on Same to you, fella; Mega-Jottings

Atlantic City casinos rebound; Slow thaw in Massachusetts

Posted on June 17, 2021 by David McKee

Casinos in Atlantic City are finally catching up with the rest of gaming’s recovery. Last month they were only 3% off the 2019 pace. They grossed $213 million, a substantial improvement over April. Slot win was $158 million on 8% … Continue reading →

Posted in Atlantic City, Bally, BetMGM, Caesars Entertainment, Cordish Co., Dining, DraftKings, FanDuel, FoxBet, Genting, Golden Nugget, Hard Rock International, Japan, Law enforcement, Massachusetts, MGM Resorts International, Mohegan Sun, North Carolina, Ocean Resort, Penn National, Pennsylvania, PointsBet, Rush Street Gaming, Sports, Sports betting, The Strip, Wynn Resorts | Comments Off on Atlantic City casinos rebound; Slow thaw in Massachusetts