Category Archives: DFS

Puerto Rico grabs sport-betting lifeline; Hotel economy at peak power

Posted on April 8, 2019 by David McKee

If you’re Puerto Rico, still—still!—digging out from Hurricane Maria, to expect help from the U.S. government is like waiting for Godot. Except I’ll give odds that Mister Godot shows up first. Making necessity the mother of dire invention, Gov. Ricardo Rosselló … Continue reading →

Posted in Caesars Entertainment, DFS, Economy, Genting, International, Las Vegas Sands, MGM Mirage, Singapore, Sports betting, Tourism, Wall Street | Comments Off

MGM Calgary?!?; Virginity postponed

Posted on April 2, 2019 by David McKee

Having long since abandoned its designs on Toronto, it seems MGM Resorts International is looking even deeper into the Great White North. According to DailyHive.com, MGM is pitching a $5.1 billion gambling and residential complex in downtown Calgary. Obviously New … Continue reading →

Posted in Architecture, Australia, DFS, Hard Rock Hotel, International, Louisiana, MGM Resorts International, Politics, Sports betting | Comments Off

Case Bets

Posted on March 26, 2019 by David McKee

It’s try, try again time for New Hampshire‘s Legislature, as it attempts to enact casino gambling. The state senate has narrowly passed a casino-enabling bill but it still needs to go through the lower house and receive the signature of … Continue reading →

Posted in Arkansas, DFS, Entertainment, history, Las Vegas Sands, Macau, Massachusetts, MGM Resorts International, New Hampshire, Politics, Racinos, Regulation, Sports betting | Comments Off

Caesars: Running numbers; Showboat is back

Posted on March 21, 2019 by David McKee

JP Morgan‘s Daniel Politzer ran the numbers on an Eldorado Resorts buyout of Caesars Entertainment and finds it doable. His model is predicated on a $10.50/share purchase of CZR stock, currently trading at $8.56. That’s a pretty good deal for … Continue reading →

Posted in Atlantic City, Caesars Entertainment, Detroit, DFS, e-sports, Eldorado Resorts, Illinois, Internet gambling, Iowa, Japan, Lake Tahoe, Las Vegas Sands, Laughlin, Marketing, MGM Resorts International, Michigan, Missouri, Politics, Reno, Sports, Taxes, Wall Street | 1 Comment

SJM Fok-ed up; Virginia approves casinos

Posted on February 28, 2019 by David McKee

Lucina Laam may be the most important person in Macao‘s turbulent casino history. As Wife #2 of Stanley Ho she bore Daisy Ho, Pansy Ho, Lawrence Ho and two other daughters not involved in the gaming biz. Now, in an … Continue reading →

Posted in Atlantic City, Caesars Entertainment, DFS, Donald Trump, Downtown Grand, Environment, history, International, Las Vegas Sands, Lawrence Ho, Macau, Marketing, Maryland, Massachusetts, Melco Resorts & Entertainment, MGM Resorts International, New York, Pansy Ho, Pennsylvania, Politics, Singapore, Sociedade de Jogos de Macau, Stanley Ho, Technology, Tribal, Virginia | Comments Off

MGM, Eldorado, Churchill Downs looking up

Posted on February 28, 2019 by David McKee

Credit Suisse‘s Cameron McKnight flew out to San Francisco to meet with MGM Resorts International CEO Jim Murren. The biggest headline item would be the eccentricity of Murren choosing to meet in Frisco rather than at MGM HQ in Las … Continue reading →

Posted in Architecture, Atlantic City, Caesars Entertainment, Churchill Downs, DFS, Eldorado Resorts, history, Horseracing, Illinois, Internet gambling, Louisiana, Marketing, Maryland, Massachusetts, MGM Resorts International, MTR Gaming, Neil Bluhm, Ocean Resort, Resort fees, Rush Street Gaming, The Strip, Wall Street | 1 Comment

Sands: Buy Japanese; Gambling to come to Utah?

Posted on February 25, 2019 by David McKee

“It will be highly competitive, but I think the cards are stacked in the favor of those who are prepared, who have been working hard, who will have the best program, best strategy, the best understanding of the country, of … Continue reading →

Posted in Atlantic City, DFS, Horseracing, Internet gambling, Japan, Kentucky, Las Vegas Sands, MGM Resorts International, Ocean Resort, PokerStars, Politics, Sheldon Adelson, Sports, Sports betting | Comments Off

Iowa weighs sports betting; Miller time

Posted on February 21, 2019 by David McKee

Iowa casinos and DFS would be the winners if a new bill, which just passed out of a Senate State Government Committee, becomes law. Casinos would be given the right to operate terrestrial, mobile and online sports betting, and DFS would … Continue reading →

Posted in AGA, DFS, Downtown, Economy, Horseracing, Iowa, Massachusetts, MGM Resorts International, Oklahoma, Politics, Racinos, Regulation, Sexual misconduct, Sports, Sports betting, Taxes, The Mob, The Strip, Tribal, TV, William Hill, Wynn Resorts | Comments Off

Churchill Downs pwns Caesars; Kentucky covets casinos

Posted on February 8, 2019 by David McKee

Cold weather helped chill Indiana casino revenues last month, down 6%. The Hoosier State’s casinos and racinos grossed $154 million. Horseshoe Southern Indiana continues to bleed business to Churchill Downs‘ Derby City, hemorrhaging 10% to $16.5 million. Full House Resorts … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, Churchill Downs, DFS, e-sports, Eldorado Resorts, Full House Resorts, Indiana, Internet gambling, Kentucky, Macau, Marketing, Massachusetts, MGM Resorts International, New York, Penn National, Politics, Racinos, Sports, Sports betting, Taxes, Technology, Tilman Fertitta, Wall Street, Wynn Resorts | 1 Comment

AFL goes to A.C.; Majestic Star coming ashore?

Posted on January 22, 2019 by David McKee

In keeping with the new and hard-won sense of prosperity in Atlantic City, the Casino Reinvestment Development Authority hopes to bring arena football to the Boardwalk, specifically to Jim Whelan Boardwalk Hall. The early talk is a of three-year public/private partnership … Continue reading →

Posted in Atlantic City, DFS, Economy, history, Indiana, Law enforcement, Macau, Majestic Star, Politics, Sports, Sports betting, Taxes | Comments Off

Adelson sparks firestorm

Posted on January 21, 2019 by David McKee

When Bill Miller was appointed CEO of the American Gaming Association, we speculated that his relationship with Sheldon Adelson would be “less strained” than that of predecessor Geoff Freeman. Indeed, that already seems to be the case. It would account … Continue reading →

Posted in AGA, Carl Icahn, Churchill Downs, Delaware, DFS, Eldorado Resorts, Florida, Geoff Freeman, Illinois, Internet gambling, Massachusetts, MGM Resorts International, Nevada, New Jersey, New York, Politics, Racinos, Regulation, Sheldon Adelson, Sports, Sports betting, Steve Wynn, Tropicana Entertainment, Wall Street, William Hill, Wynn Resorts | Comments Off

Cuomo bets on sports; Resorts World LV disowns own designs

Posted on January 16, 2019 by David McKee

It looks as though New York State will split the baby on sports wagering: Casino-based betting in 2019, mobile wagering in 2022. Gov. Andrew Cuomo (D) has baked what Credit Suisse analyst Cameron McKnight calls “a small amount of sports … Continue reading →

Posted in Architecture, Baseball, DFS, Genting, New Jersey, New York, Problem gambling, Sports betting, The Strip, Wall Street, William Hill, Wynn Resorts | Comments Off

Re-reversing the Wire Act: What it means

Posted on January 16, 2019 by David McKee

Last weekend’s flip-flop by the Justice Department‘s stance on the Federal Wire Act has spurred a fair amount of chin scratching in the gaming industry. Global Market Advisors notes the immediate implication: “The action, which at best can be described as … Continue reading →

Posted in Delaware, DFS, Illinois, Nevada, New Jersey, New York, Pennsylvania, Politics, Sheldon Adelson, Taxes, Wall Street | Comments Off

Trump betrays Internet gambling

Posted on January 15, 2019 by David McKee

In a world so topsy-turvy that Ivanka Trump will be helping choose the next president of the World Bank, we shouldn’t assume that Internet gambling is safe. The Office of Legal Counsel has reversed Eric Holder‘s narrow interpretation of the … Continue reading →

Posted in DFS, Donald Trump, Internet gambling, Law enforcement, New Jersey, Sheldon Adelson, Sports betting | Comments Off

Icahn power play at Caesars?; Big plans for Borgata

Posted on January 14, 2019 by David McKee

We all know that Carl Icahn has a sharp eye for undervalued assets. Caesars Entertainment stock fell 46% last year, making it ripe for the plucking. And pick it Icahn did, scarfing up enough to spur a 11.5% rally in … Continue reading →

Posted in Atlantic City, Caesars Entertainment, Carl Icahn, Dan Gilbert, Detroit, DFS, Internet gambling, MGM Resorts International, Regulation, Sports betting, Taxes, Technology, Tilman Fertitta, Trump Entertainment Resorts, Virginia, Wall Street, West Virginia | Comments Off

MGM, Cordish clean up in Maryland; Pennsylvania a cash cow

Posted on December 7, 2018 by David McKee

It was another good month at MGM National Harbor, which grossed almost $2 million per day in November, an above-average take for the pleasure palace. Slots were up 15% (to $31 million) while table games leapt 46%, grossing $26 million. … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, Churchill Downs, Cordish Co., DFS, Economy, Eldorado Resorts, GLPI, Golden Gaming, Illinois, Internet gambling, Japan, Macau, Maryland, MGM Resorts International, New Jersey, Penn National, Pennsylvania, Rush Street Gaming, Sports betting, Taxes, Tourism, Transportation, Wall Street, West Virginia | Comments Off

Uncle Sam wants your sports bet; Strip outperforms Nevada

Posted on November 27, 2018 by David McKee

Credit Suisse analyst Cameron McKnight had an ominous take on sports betting, as regards federal intervention and “integrity fees.” “Federal action on sports betting sounds more likely, though our contacts disagree on scope,” he warned, adding, “On integrity fees, we … Continue reading →

Posted in Boulder Strip, DFS, Downtown, Economy, Illinois, Lake Tahoe, Laughlin, Mandalay Bay Massacre, Massachusetts, Mississippi, Nevada, New Jersey, New York, North Las Vegas, Sports betting, The Strip, Transportation, Wall Street | Comments Off

Sin City still sinful; Pot comes to the Strip

Posted on November 26, 2018 by David McKee

Las Vegas beat out Los Angeles by a comfortable margin to nab the top spot on WalletHub‘s survey of America‘s most-sinful cities, a category dominated by such activities as pathological gambling and smoking. Casino-enhanced cities dominated the list, with North … Continue reading →

Posted in Arizona, CityCenter, Cordish Co., Detroit, DFS, Dubai, Election, Florida, Galaxy Entertainment, Georgia, Greenwood Racing, Japan, Macau, Marijuana, MGM Resorts International, Missouri, North Las Vegas, Pansy Ho, Pennsylvania, Regulation, Slot routes, Société des Bains de Mer, Sports betting, Taxes, The Strip | Comments Off

Election Postmortem: Who won, who lost

Posted on November 13, 2018 by David McKee

Election Night seems far behind us but its meaning for gaming is still sinking in, as in Arkansas, where sports betting has also been approved. In addition, two Oklahoma-based tribal entities are likely to feel entitled to the casinos green-lit … Continue reading →

Posted in Animals, Arkansas, Caesars Entertainment, Culinary Union, DFS, Election, Entertainment, Florida, history, Idaho, Illinois, Las Vegas Sands, Louisiana, MGM Resorts International, Oklahoma, Politics, Seminole Tribe, Slot routes, Sports, Sports betting, Station Casinos, Taxes, Tribal | Comments Off

Election Special: Winners and losers

Posted on November 7, 2018 by David McKee

In a victory for the state of Arkansas, voters approved casinos in four locations across the state, 54% to 46%, a convincing mandate by any measure, and a big win for a variety of pro-casino companies that included Warner Gaming and Delaware North. … Continue reading →

Posted in Arkansas, Caesars Entertainment, Culinary Union, DFS, Election, Florida, Georgia, Harry Reid, International, Marijuana, MGM Resorts International, Nevada, Pennsylvania, Politics, Racinos, Seminole Tribe, Sheldon Adelson, Sports, Sports betting, Virginia, Warner Gaming, Wisconsin | Comments Off