Category Archives: Culinary Union

Bargains galore at Caesars; Station savages Culinary; Mega-Jottings

Caesars Entertainment is holding a fare sale across its non-Las Vegas properties, a possible signal that the stimulus-fueled recovery may be cooling (in economics, what goes up must come down). In Atlantic City you have your choice of such starting … Continue reading

Posted in Animals, Arizona, Atlantic City, Barstool Sports, Boyd Gaming, Caesars Entertainment, Culinary Union, Dining, Downtown, Health, Indiana, International, Iowa, Lake Tahoe, Laughlin, Louisiana, Marketing, Mississippi, Missouri, New Jersey, New York, North Carolina, Palms, Peninsula Pacific, Reno, Sports, Sports betting, Station Casinos, Tribal, World Series of Poker | 2 Comments

Florida compact sneaks into effect; DraftKings buys out Fertitta

Secretary of the Interior Deb Haaland has jumped the shark. Her department has wisely-washily neither confirmed nor denied the controversial Seminole Tribe compact with the state of Florida, one that gives the Seminoles control over sports betting in the state. … Continue reading

Posted in Arizona, BetMGM, California, Culinary Union, DraftKings, FanDuel, Florida, Golden Nugget, Health, Internet gambling, Marketing, MGM Resorts International, New Jersey, New York, Penn National, Pennsylvania, Politics, Regulation, Seminole Tribe, Sports, Sports betting, Taxes, Texas, The Strip, Tilman Fertitta, Tribal, Wall Street, Wynn Resorts | 1 Comment

LV Sands overpromises, underdeliver; Court to Station: Unionize!

Shares of Las Vegas Sands traded down yesterday after the company missed its second-quarter estimates. Wall Street expected cash flow of $290.5 million and LVS delivered $244 million, a significant shortfall. (Mind you, Sands no longer reports earnings from Venelazzo.) … Continue reading

Posted in China, Culinary Union, Florida, Health, Internet gambling, Japan, Las Vegas Sands, Macau, Seminole Tribe, Singapore, Station Casinos, Texas, Tourism, Wall Street | 1 Comment

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

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

Big Trouble in Little China; The thieving nun

Carrying a 20-year-long grudge, businessman Marshall Hao is suing Las Vegas Sands for $12 billion, claiming it wronged him when it jilted his Asian American Entertainment Corp. in favor of a (short-lived) partnership with Galaxy Entertainment to get into Macao. … Continue reading

Posted in Barstool Sports, Boyd Gaming, California, Churchill Downs, Cretins, Culinary Union, DraftKings, FanDuel, Illinois, Kentucky, Lake Tahoe, Las Vegas Sands, Law enforcement, Louisiana, Macau, Missouri, New Hampshire, New York, Penn National, PointsBet, Problem gambling, Racinos, Regulation, Rush Street Gaming, Sociedade de Jogos de Macau, Sports betting, William Hill, Wyoming | 2 Comments

Maryland heats up; Vegas restaurants rebound; Rivers is george

Casinos in the Free State jetted 13% above 2019 levels, grossing $172 million, a new record. MGM National Harbor led with $68.5 million (+16%) and 40% market share. Maryland Live was up 15% to $61.5 million for 35.5% market share, … Continue reading

Posted in Arizona, Caesars Entertainment, China, Churchill Downs, Colorado, Cordish Co., Cretins, Culinary Union, Dining, Economy, Golden Gaming, Health, Horseracing, Lotteries, Macau, Maryland, Massachusetts, MGM Resorts International, New York, Penn National, Pennsylvania, Resorts World LV, Rush Street Gaming, Tribal, Virgin Hotels, Wall Street, West Virginia, Wynn Resorts | 2 Comments

Illinois’ surprise; Scandal at Churchill Downs; Palms complications

Gambling revenue of $108 million out of Illinois last month looks pallid at first glance. But consider this: It was only 6% off April 2019’s pace, when casinos were at full capacity and last month they did it at 50% … Continue reading

Posted in Bally, Barstool Sports, Boyd Gaming, Caesars Entertainment, Churchill Downs, Conventions, Culinary Union, Dining, Diversity, DraftKings, Drugs, Economy, FanDuel, history, Horseracing, Indiana, Iowa, Las Vegas Sands, Macau, MGM Resorts International, Missouri, Palms, Penn National, PointsBet, Rush Street Gaming, Slot routes, Sociedade de Jogos de Macau, Sports, Sports betting, Station Casinos, The Strip, Tourism, Tribal, William Hill, Wynn Resorts | 2 Comments

Palms brings $650 million; Murphy flirts with smoking ban

Earlier today, Station Casinos finally confirmed the worst-kept secret in town. It has sold the Palms Casino Resort to a subsidiary of the San Manuel Band of Mission Indians in an all-cash, $650 million transaction. Thus closes a fairly disastrous … Continue reading

Posted in Atlantic City, California, Churchill Downs, Colorado, Cordish Co., Culinary Union, Dining, DraftKings, Golden Nugget, Health, Horseracing, Internet gambling, Las Vegas Raiders, Maryland, MGM Resorts International, Mississippi, Nevada, New Jersey, Palms, Penn National, Real Estate, Station Casinos, Tribal, Wall Street | Comments Off on Palms brings $650 million; Murphy flirts with smoking ban

BetMGM “very credible”; Recovery at Sands “gradual”

That’s how JP Morgan analyst Joseph Greff described an evidently persuasive virtual meeting with BetMGM covering the latter’s recent results and strategic objectives. “To us, this was a credible presentation (particularly with its customer acquisition and retention objectives and operating … Continue reading

Posted in Alabama, Atlantic City, Bally, California, Canada, China, Cosmopolitan, Culinary Union, Dotty's, DraftKings, Economy, FanDuel, Illinois, Internet gambling, Las Vegas Sands, Louisiana, Macau, Marketing, MGM Resorts International, Michigan, Mohegan Sun, Nevada, New Jersey, New York, Ocean Resort, Politics, Regulation, Singapore, Slot routes, Texas, The Strip, Tribal, Wall Street, Wynn Resorts | Comments Off on BetMGM “very credible”; Recovery at Sands “gradual”

Profile in cowardice; Sheldon Adelson’s ghost

We were sure this was a story from The Onion or the Babylon Bee but, no, it’s really a thing. Rodney Baker has resigned as CEO of Great Canadian Gaming Corp. after bringing disgrace upon it with a vaccination caper … Continue reading

Posted in Architecture, Boulder Strip, Boyd Gaming, Caesars Entertainment, Canada, Churchill Downs, Cretins, Culinary Union, DraftKings, FanDuel, Health, Illinois, Indiana, Law enforcement, MGM Resorts International, PointsBet, Politics, Regulation, Sheldon Adelson, Sports, Sports betting, Tennessee, Tribal, Wall Street, William Hill, Wynn Resorts | 2 Comments

Tribute to a bad man

Sheldon Adelson‘s Horatio Alger success story came to an abrupt end today, when the Boston Globe broke the news of his death from lymphoma at age 87. Adelson had a good run in the industry, longer than most, and his … Continue reading

Posted in AGA, Alabama, Architecture, Conventions, Culinary Union, Donald Trump, Election, Florida, Galaxy Entertainment, Health, history, International, Internet gambling, Japan, Las Vegas Sands, LVCVA, Macau, Marijuana, Movies, New York, Pennsylvania, Politics, Sheldon Adelson, Singapore, Sociedade de Jogos de Macau, Sports betting, Stanley Ho, Steve Wynn, Taxes, Texas, The Strip, Tribal, Wall Street | 3 Comments

Culinary vs. Wynn; Illinois sports betting explodes

Is the Culinary Union cutting off its nose to spite its face? The local had a contractual agreement that all Wynncore members would be keep on full health benefits, even if reduced to part-time status. But when Encore semi-closed, the … Continue reading

Posted in Bally, Barstool Sports, Boyd Gaming, Caesars Entertainment, Churchill Downs, Cordish Co., Culinary Union, DraftKings, Economy, FanDuel, GLPI, Golden Nugget, history, Illinois, Internet gambling, Louisiana, Massachusetts, MGM Resorts International, Mohegan Sun, New Jersey, Penn National, Pennsylvania, Regulation, Rush Street Gaming, Sports, Sports betting, The Strip, Tribal, Wynn Resorts | 1 Comment

It’s lonely in Massachusetts; A dose of realism

Massachusetts gamblers are night owls. When Gov. Charlie Baker (R) ordered casinos to close at 9:30 p.m. it took a big bite out of November revenues, particularly Encore Boston Harbor, which makes half its revenue after dark. At least you … Continue reading

Posted in Bally, Charity, Culinary Union, Derek Stevens, Downtown, Economy, El Cortez, Entertainment, Florida, Genting, Health, history, Massachusetts, MGM Resorts International, New York, Penn National, Rhode Island, Sports, Sports betting, The Strip, Wall Street, Wynn Resorts | 2 Comments

Wall Street crowns DraftKings; Hsieh: Grey Goose vs. cold turkey

Credit Suisse analyst Ben Chaiken is initiating coverage of DraftKings but not getting carried away. He’s put a “neutral” rating on the heavily hyped stock, with a $48 price target that mirrors its recent trading range. “We believe there is … Continue reading

Posted in Barstool Sports, Caesars Entertainment, California, China, Colorado, Culinary Union, DFS, DraftKings, e-sports, FanDuel, Health, Illinois, Indiana, Internet gambling, Marketing, New Jersey, Pennsylvania, Politics, Prostitution, Tony Hsieh, Tourism, Tribal, Wall Street, William Hill | Comments Off on Wall Street crowns DraftKings; Hsieh: Grey Goose vs. cold turkey

Vegas recovery a Mirage; Illinois closes … again

More from the Too Much, Too Soon? file: MGM Resorts International, despite its long pause in reopening The Mirage has evidently decided it jumped the gun. Hotel rooms there and at Mandalay Bay will be closed Mondays-Thursdays through December at … Continue reading

Posted in Caesars Entertainment, Cretins, Culinary Union, Dining, Economy, Environment, Health, history, Illinois, Las Vegas Sands, MGM Resorts International, Nevada, New Mexico, New York, Sahara, Sam Nazarian, Sheldon Adelson, Tamares Group, Technology, The Rio, The Strip, Tourism, Transportation, Tribal | 1 Comment

Wynn winning; Flyover Country keeps Caesars aloft

Wynn Resorts reported 3Q20 results yesterday and the headline item was Macao, where operating results were “soft” but “encouraging,” despite “negative to apathetic investor sentiment,” according to JP Morgan analyst Joseph Greff. Mass-market wagering was up 40% and credit issued … Continue reading

Posted in Atlantic City, Caesars Entertainment, Colorado, Conventions, Culinary Union, Dining, Diversity, Donald Trump, Economy, Election, Golden Gaming, Hard Rock International, Indiana, Internet gambling, Louisiana, Macau, Majestic Star, Maryland, Massachusetts, Michigan, Nevada, New Jersey, Planet Hollywood, Politics, Reno, Slot routes, Sports betting, The Rio, The Strip, Tourism, Wall Street, William Hill, Wynn Resorts | 2 Comments

Election Special: “The biggest political event ever”

An anonymous British financier will have to wait another 24 hours to find out if his $5 million bet on Donald Trump comes up a winner. He’ll pocket $15 million from Curaçao bookies if it does. The flutter, made after … Continue reading

Posted in Arizona, Colorado, Culinary Union, Donald Trump, DraftKings, Election, FanDuel, International, Internet gambling, Louisiana, MGM Resorts International, Nebraska, Nevada, Politics, Racinos, Sheldon Adelson, South Carolina, South Dakota, Sports, Tribal, Virginia | 2 Comments

United States of Adelson

If you put your money on a Donald Trump upset special, you might still cash in big. Bloomberg reports that the Biden-Harris campaign is blowing it in battleground states like Pennsylvania and Florida. The short version is that black and … Continue reading

Posted in Atlantic City, Cretins, Culinary Union, Donald Trump, Election, Golden Nugget, Hard Rock International, Health, Internet gambling, Marketing, MGM Resorts International, Mohegan Sun, Nevada, Ocean Resort, Politics, Sheldon Adelson, South Carolina | 2 Comments

Sahara vs. Roeben, Round Two; Colorado sportsbooks boom

Vital Vegas author Scott Roeben made big news over the weekend with a countersuit against the Sahara for attempting to stifle freedom of the press. If you have a few days to spare, you can read the 111-page filing in … Continue reading

Posted in Alex Meruelo, Archon Corp., Caesars Entertainment, CityCenter, Colorado, Conventions, Culinary Union, Downtown, Downtown Grand, Entertainment, Hooters, Law enforcement, Sahara, Sports, Sports betting, Station Casinos, Tamares Group, Technology, Terry Caudill, The Strip, Wynn Resorts | 4 Comments

Culinary Union makes endorsements; Bad Boyd!

No surprise, the Culinary Union has endorsed the Joe Biden/Kamala Harris ticket. Now we’ll see what shape the Culinary political machine is in after being depleted by Coronavirus. The union is boasting that it “drove turnout” during the 2020 Nevada … Continue reading

Posted in Aristocrat, Atlantic City, Boyd Gaming, Culinary Union, Derek Stevens, Downtown, Election, Health, history, M Resort, Massachusetts, Politics, Regulation, Security, Sports, Sports betting, Technology, Terry Caudill, Tribal, TV | 1 Comment