Category Archives: CQ Holdings

Atlantic City stutters; Shocker in New Orleans; Palms changes hands today

Posted on December 17, 2021 by David McKee

Casinos in Atlantic City grossed $207 million last month, an 8% declivity from 2019, as players tightened their purse strings. Overall, slot revenues were down 1% on a commensurately lower amount of coin-in. The house played unluckily at the tables, … Continue reading →

Posted in Atlantic City, Bally, Barstool Sports, BetMGM, Boyd Gaming, Caesars Entertainment, Churchill Downs, CQ Holdings, DraftKings, Election, FanDuel, Golden Nugget, Hard Rock International, Health, Internet gambling, Iowa, Louisiana, Marketing, MGM Resorts International, Michigan, Mohegan Sun, North Carolina, Ocean Resort, Palms, Penn National, Pennsylvania, Philippines, PointsBet, Rush Street Gaming, San Manuel Band of Mission Indians, Sheldon Adelson, Sports, Sports betting, Station Casinos, Technology, Tribal | 1 Comment

Big month for MGM in Michigan; Las Vegas, city of stiffs

Posted on November 19, 2021 by David McKee

Cumulative Internet gambling and sports betting revenues racked up $134 million last month, the vast majority going to i-gaming, some $110 million. Sports books essentially gave away the store, with 81% of revenues going right back out the door in … Continue reading →

Posted in Bally, Barstool Sports, BetMGM, Boyd Gaming, Caesars Entertainment, Churchill Downs, CQ Holdings, DraftKings, Economy, FanDuel, Golden Nugget, Greenwood Racing, Louisiana, Pennsylvania, Rush Street Gaming, Wynn Resorts | Comments Off on Big month for MGM in Michigan; Las Vegas, city of stiffs

Ida dampens Louisiana’s day; NFL tackles degenerate gambling

Posted on October 22, 2021 by David McKee

September gaming revenues in Louisiana were expected to be diminished by Hurricane Ida and they certainly were, down 23% on a same-store basis. New Orleans had the worst time of it (-48%), Baton Rouge the easiest (-5%). All comparisons are … Continue reading →

Posted in BetMGM, Boyd Gaming, Caesars Entertainment, Churchill Downs, CQ Holdings, Election, Full House Resorts, Golden Nugget, Illinois, International, Louisiana, Marketing, Peninsula Pacific, Penn National, Problem gambling, Sports betting, Virginia | 4 Comments

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

Lake Charles leads Louisiana; Caesars welcomes super-spreaders

Posted on August 23, 2021 by David McKee

Louisiana casino revenues continue to march upward, gaining 10% over 2019 in July. The statewide gross was $222 million. Business was especially lively in Baton Rouge, up 32%. That was propelled by L’Auberge Baton Rouge, vaulting 41% to $16 million. … Continue reading →

Posted in AGA, Boyd Gaming, Caesars Entertainment, Churchill Downs, CQ Holdings, Economy, FanDuel, Georgia, Golden Gaming, Golden Nugget, Health, Las Vegas Raiders, Louisiana, Penn National, Pennsylvania, South Korea, Tribal, Unite-Here | 2 Comments

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

Massachusetts stumbles, Louisiana cruises; Big blunder at Circa

Posted on July 16, 2021 by David McKee

Shazam! Massachusetts casino revenues for June were $84 million, 67% higher than 2019. But wait … as Deutsche Bank analyst Carlo Santarelli points out, Encore Boston Harbor wasn’t operational two years ago (it debuted on June 23, 2019), so on … Continue reading →

Posted in Atlantic City, Australia, Boyd Gaming, Caesars Entertainment, California, Century Casinos, Churchill Downs, CQ Holdings, Derek Stevens, DFS, DraftKings, Economy, Golden Gaming, Health, Internet gambling, Laughlin, Louisiana, Massachusetts, MGM Resorts International, Missouri, Nevada, Penn National, Pennsylvania, Sports, Sports betting, TV, Westgate LV, Wynn Resorts | 1 Comment

Scientific Games goes on a diet; BetMGM stiffs player

Posted on June 29, 2021 by David McKee

This is a head-scratcher. Despite sports betting sweeping our great country, Scientific Games is opting out of the sports-wagering business. And the lottery biz, too, even though that remains a robust market segment. Reported JP Morgan analyst Joseph Greff, “management … Continue reading →

Posted in Arizona, Atlantic City, BetMGM, Churchill Downs, Cirque du Soleil, CQ Holdings, Dining, Environment, Hard Rock International, Health, Illinois, Lotteries, Louisiana, MGM Resorts International, Michigan, Rush Street Gaming, Scientific Games, Sports, Sports betting, Technology, The Strip, Tribal, Wall Street, Wynn Resorts | Comments Off on Scientific Games goes on a diet; BetMGM stiffs player

Louisiana up again; DraftKings hit hard

Posted on June 18, 2021 by David McKee

Casinos in Louisiana weren’t quite as phat last month as in April but still nudged up 5% overall. In New Orleans, the leader was Harrrah’s New Orleans with $27 million (+1%), followed by Boomtown New Orleans, leaping 21% to $12.5 … Continue reading →

Posted in Bally, Barstool Sports, BetMGM, Boyd Gaming, Caesars Entertainment, China, Churchill Downs, CQ Holdings, DraftKings, FanDuel, Golden Nugget, Greenwood Racing, Law enforcement, Louisiana, Penn National, Pennsylvania, Rush Street Gaming, Sports, Sports betting, Taxes, Wall Street | Comments Off on Louisiana up again; DraftKings hit hard

Louisiana advances, Pennsylvania recedes

Posted on May 19, 2021 by David McKee

Casino revenues in Louisiana enjoyed a big bounce last month, up 18% to $236 million, a substantial increase over 2019 levels. Mind you, that number was achieved without two casinos that were operational in 2019, Diamond Jacks and Isle Grand … Continue reading →

Posted in Atlantic City, Barstool Sports, Baseball, BetMGM, Boyd Gaming, Caesars Entertainment, California, Churchill Downs, Cordish Co., CQ Holdings, Detroit, Dining, Donald Trump, DraftKings, Eldorado Resorts, Entertainment, FanDuel, Golden Nugget, Greenwood Racing, Hard Rock International, Internet gambling, Louisiana, MGM Resorts International, Mohegan Sun, New York, North Carolina, Penn National, Pennsylvania, Rush Street Gaming, Sports, Sports betting, Tribal, Wall Street | 1 Comment

MGM hits paydirt; Palms sold?; Atlantic City underwhelms

Posted on April 27, 2021 by David McKee

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

Illinois improves but Ohio sets record; Is Cuomo on crack?

Posted on April 8, 2021 by David McKee

Criticizing Illinois‘ casino performance is usually like tripping a dwarf: much too easy. But the Land of Lincoln posted some surprising results last month. Yes, it out performed March 2020 (+122%) but we’re comparing a full month of business with … Continue reading →

Posted in Bally, Boyd Gaming, Caesars Entertainment, Churchill Downs, CQ Holdings, Detroit, Dining, DraftKings, Economy, Hard Rock International, Illinois, New Hampshire, New Jersey, New York, Ohio, Penn National, Sports betting, Taxes, Tilman Fertitta, Tribal, Wall Street | 2 Comments

Las Vegas: Are happy days here again?; Sands dibs NYC

Posted on March 19, 2021 by David McKee

As we’ve often said, when the American economy gets the flu (literally, in this case), Las Vegas catches pneumonia. During the depths of the Covid-19 pandemic, unemployment in Vegas levitated to 34%. Today it is a still-unhealthy 10.5%. Nonetheless, the … Continue reading →

Posted in Architecture, Australia, Bally, Boulder Strip, Boyd Gaming, Caesars Entertainment, California, Churchill Downs, CQ Holdings, Crown Resorts, Economy, Entertainment, Florida, Golden Nugget, Hard Rock International, Health, Indiana, Internet gambling, Japan, Las Vegas Sands, Louisiana, Massachusetts, New York, North Carolina, Penn National, Spectacle Entertainment, Sports betting, The Strip, Tribal, William Hill, Wynn Resorts | 1 Comment

Louisiana better than it looks; Covid checkmates brothels

Posted on February 25, 2021 by David McKee

Casinos in the Pelican State were off 10% in January. However, when one adjusts the numbers to account for the permanent closure of Diamond Jacks in Shreveport and the all-but-permanent shutdown of Isle Grand Palais on Lake Charles, gaming revenues … Continue reading →

Posted in Bally, Boyd Gaming, Brothels, Caesars Entertainment, Churchill Downs, CQ Holdings, Economy, Golden Nugget, Health, Louisiana, MGM Resorts International, New York, Penn National, Sports, Sports betting, The Strip | 1 Comment

Louisiana doldrums; Philadelphia Live sparkles

Posted on January 22, 2021 by David McKee

Does reporting bad news get tedious? You bet! But it comes with the turf. Louisiana casino winnings declined 23% last month, in keeping with the national average. Penn National Gaming casinos got off easiest, slipping 11%, while Boyd Gaming ones … Continue reading →

Posted in Animals, Bally, Baseball, Boyd Gaming, Caesars Entertainment, Churchill Downs, Colorado, Connecticut, Cordish Co., CQ Holdings, Cretins, Dining, DraftKings, Economy, FanDuel, FoxBet, Foxwoods, Golden Nugget, Health, Illinois, Indiana, Internet gambling, Jim Murren, Law enforcement, Louisiana, Marketing, Massachusetts, MGM Resorts International, Mohegan Sun, Nevada, New Jersey, Penn National, Pennsylvania, Politics, Rush Street Gaming, Sports, Tennessee, Wall Street, West Virginia, William Hill | 3 Comments

Mixed readings on Vegas recovery; Trump vs. Titus

Posted on December 22, 2020 by David McKee

How bad is it in Las Vegas? Well, the latest edict from MGM Resorts International is that The Mirage will be closed from Monday at noon to Thursday at noon, INCLUDING the casino. (We felt that news needed a bit … Continue reading →

Posted in Architecture, Atlantic City, Australia, Barstool Sports, Caesars Entertainment, CQ Holdings, Crown Resorts, Derek Stevens, Donald Trump, Downtown, DraftKings, Economy, GLPI, Health, Horseracing, International, Las Vegas Sands, Louisiana, Macau, Maryland, MGM Resorts International, Movies, Nebraska, Nevada, Penn National, Politics, Racinos, Regulation, Taxes, The Strip, Tourism, Tribal, Wall Street | 1 Comment