Category Archives: Detroit

Pennsylvania soggy; Epic fail in North Carolina

Posted on September 20, 2023 by David McKee

At first blush, Pennsylvania‘s gambling economy looks all right, up 1% from August of 2019 and 2% from last year. But factor in the plethora of new casinos that have entered the fray and the Keystone State is down 14% … Continue reading →

Posted in Atlantic City, Barstool Sports, BetMGM, Boyd Gaming, Caesars Entertainment, Churchill Downs, Cordish Co., Detroit, DraftKings, Economy, FanDuel, FoxBet, Greenwood Racing, Horseracing, Illitch Family, Internet gambling, MGM Resorts International, Michigan, Mohegan Sun, North Carolina, Penn National, Pennsylvania, Politics, Real Estate, Rush Street Gaming, Slot routes, Sports betting, Tribal, WInd Creek, Wynn Resorts | Comments Off

Horseshoe can’t save Louisiana; Big Brother returns

Posted on August 22, 2023 by David McKee

Despite only grossing $7.5 million last month, Horseshoe Lake Charles was the difference between an unadjusted, 6% decline in gambling revenue for Louisiana and a same-store, 10% declivity (lagging prosperous 2019 by 4%). Even so, the country’s most adverse casino … Continue reading →

Posted in Bally, Barstool Sports, BetMGM, Boyd Gaming, Caesars Entertainment, Churchill Downs, CQ Holdings, Detroit, DraftKings, FanDuel, Golden Nugget, Illitch Family, Internet gambling, Louisiana, Macau, MGM Resorts International, Michigan, Penn National, Politics, Rush Street Gaming, Sociedade de Jogos de Macau, Sports betting, Stanley Ho, Wynn Resorts | Comments Off

Bears and bulls at MGM; Uwazurike spells “idiot”

Posted on August 3, 2023 by David McKee

J.P. Morgan analyst Joseph Greff was pretty blunt about MGM Resorts International‘s mixed bag of 2Q23 numbers. “Carried by Macau,” he headlined his report, adding that the Las Vegas Strip was in line with expectations but regional casinos came up … Continue reading →

Posted in Atlantic City, BetMGM, China, Colorado, Conventions, Derek Stevens, Detroit, Economy, Entertainment, FanDuel, Health, Internet gambling, Iowa, Las Vegas Raiders, Law enforcement, Macau, MGM Resorts International, Mississippi, Movies, Sports, Sports betting, The Strip, Wall Street | Comments Off

Michigan hops, Bally’s flops and Stitt’s in hot water

Posted on July 26, 2023 by David McKee

Detroit casinos continue to be outperformed by their Internet rivals. Last month saw $151 million in online gambling revenue against $102 million from terrestrial, private-sector casinos. Sports betting chipped in $18 million. Revenue for the three Motown casinos was up … Continue reading →

Posted in Bally, Barstool Sports, BetMGM, Caesars Entertainment, Detroit, Dining, DraftKings, FanDuel, Illitch Family, Internet gambling, Marketing, Massachusetts, MGM Resorts International, Michigan, Movies, Oklahoma, Penn National, Politics, Regulation, Rush Street Gaming, Sports betting, Tribal, Wynn Resorts | Comments Off

Michigan, Pennsylvania strong online; Mega-Jottings

Posted on June 23, 2023 by David McKee

Our vacation has taken us to the wilds of Michigan, so today’s report will start there. Detroit‘s three casinos raked in $105 million last month, a 1.5% decline from May of last year. But it was a terrific month for … Continue reading →

Posted in Bally, Barstool Sports, Baseball, BetMGM, Boyd Gaming, Caesars Entertainment, California, Chicago, Churchill Downs, Cordish Co., Detroit, DraftKings, FanDuel, Florida, FoxBet, Genting, Greenwood Racing, Illitch Family, Internet gambling, Massachusetts, MGM Mirage, Michigan, Mohegan Sun, Nebraska, Penn National, Pennsylvania, PointsBet, Racinos, Real Estate, Rush Street Gaming, Sports betting, Tourism, Tribal, Virginia, WInd Creek, Wynn Resorts | Comments Off

All Atlantic City, all the time; Bally’s blunder

Posted on May 17, 2023 by David McKee

Casino winnings in Atlantic City dipped a bit last month, down 1.5% to $231.5 million. Slot revenues led the way, down 3% on flat coin-in. Table games actually did better, up 3% despite flat wagering but A.C. is a slot … Continue reading →

Posted in Atlantic City, Bally, Barstool Sports, Baseball, BetMGM, Boyd Gaming, Caesars Entertainment, Detroit, Dining, DraftKings, Entertainment, Environment, FanDuel, FoxBet, Golden Nugget, Greenwood Racing, Hard Rock International, Illitch Family, Internet gambling, Lake Tahoe, Marketing, MGM Resorts International, Michigan, Mohegan Sun, Ocean Resort, Penn National, PointsBet, Rush Street Gaming, The Strip, Wynn Resorts | 1 Comment

Boyd praised; Graft at Wynn?; NFL hypocrisy

Posted on April 26, 2023 by David McKee

Wall Street analysts loved up on Boyd Gaming following its 1Q23 earnings call. Boyd, Deutsche Bank analyst Carlo Santarelli wrote, “delivers another strong performance … the merits of the story remain compelling on a relative basis.” He pushed his price … Continue reading →

Posted in Baseball, Boyd Gaming, Caesars Entertainment, California, Detroit, Dining, Downtown, FanDuel, Hawaii, Illinois, Internet gambling, Louisiana, Mississippi, Penn National, Real Estate, Reno, Service, Slot routes, Sports, Sports betting, Station Casinos, The Strip, Tilman Fertitta, Tribal, Wall Street, Wynn Resorts | 2 Comments

Pennsylvania, Lousiana flagging; All eyes on Macao

Posted on April 19, 2023 by David McKee

Casino winnings in Pennsylvania stuttered last month, hitting $311 million, flat with March 2022. Spreading more gaming wealth among a greater number of properties obviously isn’t helping on a same-store basis. Parx Casino maintained its supremacy with $53 million, despite … Continue reading →

Posted in Ameristar, Atlantic City, Barstool Sports, BetMGM, Boyd Gaming, Caesars Entertainment, California, Canada, China, Churchill Downs, Cordish Co., CQ Holdings, Detroit, DraftKings, FanDuel, FoxBet, Galaxy Entertainment, Golden Nugget, Greenwood Racing, Illitch Family, Internet gambling, Las Vegas Sands, Louisiana, Macau, Marketing, Massachusetts, Melco Resorts & Entertainment, MGM Resorts International, Michigan, Mohegan Sun, Ocean Resort, Penn National, Pennsylvania, PointsBet, Rush Street Gaming, Sociedade de Jogos de Macau, Sports, Sports betting, Station Casinos, The Strip, Tourism, Transportation, Tribal, WInd Creek, Wynn Resorts | 1 Comment

Control Board buffoonery; Super-Mega-Jottings

Posted on April 11, 2023 by David McKee

Well, it didn’t take Nevada Gaming Control Board member George Assad long to stick his foot in it. No sooner had we prophetically called him a regulatory “doofus” than news surfaced of some most-unbecoming conduct during an NGCB hearing. Specifically, … Continue reading →

Posted in Bally, BetMGM, Caesars Entertainment, Canada, Chicago, Cordish Co., Cretins, Detroit, Diversity, Downtown Grand, DraftKings, FanDuel, Genting, Hard Rock International, Health, history, Illinois, Japan, Jim Murren, Kansas, Kentucky, Las Vegas Sands, Louisiana, Macau, Massachusetts, MGM Resorts International, Missouri, Nevada, New York, PointsBet, Politics, Real Estate, Regulation, Rush Street Gaming, Slot routes, Sports betting, Station Casinos, Steve Wynn, Taxes, Technology, Texas, Wall Street, Wynn Resorts | 2 Comments

Atlantic City dispatches; Sports betting meltdown?

Posted on March 29, 2023 by David McKee

Our East Coast correspondent had a good experience at Ocean Casino Resort last weekend. It started with no line at the “Prime” players-club check-in … although it was a quite a different (and worse) story if you fell into a … Continue reading →

Posted in Atlantic City, Bally, Caesars Entertainment, Detroit, Dining, Entertainment, Law enforcement, Marketing, Missouri, Ocean Resort, Reno, Sports betting | 3 Comments

A Dream deferred; Lost Virginity; Tennessee tax trouble

Posted on March 21, 2023 by David McKee

Don’t look now, Las Vegas but we may have another failsino on our hands. Construction has ground to a total halt on Dream, the south-Strip resort project that looked like a sure thing not so long ago. Developer Bill Shopoff … Continue reading →

Posted in Barstool Sports, BetMGM, Caesars Entertainment, California, Detroit, DraftKings, Failsinos, FanDuel, FoxBet, Hard Rock International, Health, Illitch Family, Internet gambling, Kentucky, Macau, MGM Resorts International, Michigan, Nevada, Penn National, Politics, Regulation, Sports betting, Taxes, Tennessee, The Strip, Tribal, Virgin Hotels, Virginia, Wynn Resorts | Comments Off

Caesars hedges on NYC; Buyer’s remorse in Ohio

Posted on February 22, 2023 by David McKee

Although he currently has the frontrunner for a Manhattan casino, Caesars Entertainment CEO Tom Reeg is waffling a bit. Potentially ceding momentum to deep-pocketed rivals like Wynn Resorts and Las Vegas Sands, Reeg said Caesars wouldn’t get into an “arms … Continue reading →

Posted in Bally, Barstool Sports, BetMGM, Caesars Entertainment, Chicago, Detroit, DraftKings, FanDuel, Illitch Family, Indiana, Internet gambling, Las Vegas Sands, Louisiana, Massachusetts, Mattress Mack, MGM Resorts International, Michigan, Nebraska, New Hampshire, New York, Ohio, Penn National, Politics, Racinos, Regulation, Rush Street Gaming, Sports, Sports betting, Taxes, Texas, The Strip, Virginia, Wall Street, Wynn Resorts | Comments Off

Bluhm blows smoke; Detroit declines; Bally’s sheds jobs

Posted on January 25, 2023 by David McKee

No, that isn’t a new big-box retail outlet (which its entrance rather resembles) but Rivers Portsmouth, the first permanent casino to open in Virginia. On hand were Allen Iverson, a marching band, a gaggle of local politicians … and the … Continue reading →

Posted in Bally, Barstool Sports, BetMGM, Caesars Entertainment, Detroit, Diversity, DraftKings, FanDuel, Greenwood Racing, Hawaii, Health, Illitch Family, Internet gambling, Macau, Marketing, Maryland, Massachusetts, MGM Resorts International, Michigan, Penn National, Rush Street Gaming, Sports betting, Technology, United Kingdom, Virginia, Wall Street, Wynn Resorts | 1 Comment

Pennsylvania, Michigan cool; Cuban covets Texas casino

Posted on December 20, 2022 by David McKee

Heaven be praised for the coming of 2023, not because 2022 was bad (quite the contrary) but because Wall Street is addicted to measuring this year against 2019, not 2021 … which can be quite crazy-making. By that yardstick, Pennsylvania … Continue reading →

Posted in Barstool Sports, BetMGM, Boyd Gaming, Caesars Entertainment, California, Churchill Downs, Cordish Co., Detroit, DraftKings, FanDuel, Florida, Greenwood Racing, Idaho, Illitch Family, Internet gambling, Las Vegas Sands, MGM Resorts International, Michigan, Mohegan Sun, New York, Penn National, Pennsylvania, Politics, Real Estate, Rush Street Gaming, Sports, Sports betting, Steve Wynn, Texas, The Strip, Tilman Fertitta, Wall Street, WInd Creek, Wynn Resorts | 1 Comment

Coney Island casino?; Mirage volcano scrapped

Posted on November 23, 2022 by David McKee

While New York Mets owner Steve Cohen and Las Vegas Sands continue to dither about how they might, maybe, possibly have something brewing in Flushing, other players—much lower-profile ones—have been making a move. A consortium of the Chickasaw Indians, Saratoga … Continue reading →

Posted in Apollo Management, Atlantic City, Bally, Barstool Sports, BetMGM, Caesars Entertainment, Canada, Detroit, DraftKings, FanDuel, Genting, Hard Rock International, Indiana, Las Vegas Sands, Massachusetts, MGM Resorts International, Movies, New York, Penn National, PointsBet, Sexual misconduct, Sports, Sports betting, The Strip, Tribal, Wynn Resorts | 3 Comments

Atlantic City slumps; Adele hell

Posted on November 21, 2022 by David McKee

Dateline: O’Hare International Airport, land of crappy wi-fi. We’re not back at the office yet but there’s so much news it just can’t wait. Let’s start in Atlantic City, where casino revenues slumped 7% to $220.5 million last month. Everybody … Continue reading →

Posted in Apollo Management, Atlantic City, Bally, Barstool Sports, BetMGM, Boyd Gaming, Caesars Entertainment, Century Casinos, Chicago, Churchill Downs, Cordish Co., CQ Holdings, Detroit, DraftKings, Economy, Entertainment, FanDuel, Genting, Golden Gaming, Greenwood Racing, Hard Rock International, Illitch Family, International, Internet gambling, Louisiana, Macau, MGM Resorts International, Missouri, Mohegan Sun, Ocean Resort, Penn National, Pennsylvania, Rush Street Gaming, Sports, Sports betting, Taxes, The Rio, The Strip, United Kingdom, Virginia, WInd Creek, Wynn Resorts | 7 Comments

MGM, Penn disappoint, Golden droops; Tilman’s gambit

Posted on November 4, 2022 by David McKee

Dragged down the golden albatross that is Macao, earnings of MGM Resorts International missed analysts’ projections by a whopping $1.61 per share for a 3Q22 loss of $1.39/share. More’s the pity, as MGM did so many things right. Wall Street … Continue reading →

Posted in Bally, Barstool Sports, Baseball, BetMGM, Caesars Entertainment, California, China, CityCenter, Conventions, Cosmopolitan, Detroit, DraftKings, Economy, Election, Full House Resorts, GLPI, Golden Gaming, Health, Illinois, Internet gambling, Iowa, Japan, Laughlin, M Resort, Macau, Maryland, Mattress Mack, MGM Resorts International, Mississippi, Nevada, New York, Ohio, Penn National, Pennsylvania, Rush Street Gaming, Singapore, Slot routes, South Korea, Sports, Sports betting, The Rio, The Strip, Tilman Fertitta, Tribal, Wall Street, Wynn Resorts | 1 Comment

Weekend edition

Posted on September 24, 2022 by David McKee

Internet gambling produced more than Detroit‘s casinos did for Michigan last month, $131 million to $104.5 million. Unsurprisingly, BetMGM was dominant with $49 million. Thence came DraftKings ($26.5 million) and FanDuel ($19 million). Smaller fry included BetRivers ($9 million), Caesars … Continue reading →

Posted in Atlantic City, Bally, Barstool Sports, BetMGM, Caesars Entertainment, California, Detroit, DraftKings, FanDuel, GLPI, Lake Tahoe, MGM Resorts International, Michigan, Mississippi, Nebraska, New Jersey, Penn National, Pennsylvania, Racinos, Rush Street Gaming, The Strip, Tribal, Unite-Here, Vici Properties, Wall Street, Wynn Resorts | 2 Comments

Jottings for the weekend

Posted on September 2, 2022 by David McKee

Aside from the launch of sports betting in Kansas—spearheaded by Hollywood Casino and Kansas Star—it’s been a slow news week. Casino gambling is headed the wrong way in Alabama, where employee-owned GreeneTrack Class II casino was forced to shut down, … Continue reading →

Posted in Alabama, Australia, Boyd Gaming, Caesars Entertainment, Connecticut, Crown Resorts, Detroit, DraftKings, Florida, history, Kansas, Las Vegas Sands, Macau, Mohegan Sun, Money laundering, Nebraska, Penn National, Racinos, Seminole Tribe, Singapore, Sports betting, Taxes | 1 Comment

Sharp decline in Detroit; Biden backs Seminoles, DeSantis

Posted on August 19, 2022 by David McKee

Motown casinos grossed $106 million last month, off 8.5% from July 2021 (and way down from 2019, excepting stellar MGM Grand Detroit). MGM led with $51 million, MotorCity followed with $35 million and, as always, Hollywood Detroit brought up the … Continue reading →

Posted in Barstool Sports, BetMGM, Caesars Entertainment, Detroit, DraftKings, FanDuel, Florida, FoxBet, Hard Rock International, Illitch Family, Internet gambling, Las Vegas Sands, MGM Resorts International, Michigan, New Jersey, New York, Penn National, Politics, Rush Street Gaming, Seminole Tribe, Sports betting, Wynn Resorts | 1 Comment