Category Archives: Dining

Chilly in Atlantic City, deep freeze in Detroit; Siegfried, R.I.P.

Casino revenues in Atlantic City plunged 29% last month. “Results for the month reflect the negative impact of higher new COVID-19 cases in recent weeks, capacity limits and restrictions on F&B offerings, similar to other regional markets,” writes JP Morgan … Continue reading

Posted in Atlantic City, Bally, Barstool Sports, Caesars Entertainment, Centaur Gaming, Derek Stevens, Detroit, Dining, Donald Trump, DraftKings, Entertainment, FanDuel, Golden Nugget, Hard Rock International, Health, Indiana, International, Internet gambling, Las Vegas Sands, MGM Resorts International, Mohegan Sun, New Jersey, Ocean Resort, Penn National, Pennsylvania, PointsBet, Politics, Regulation, Spectacle Entertainment, Sports betting, Station Casinos, The Strip, Tribal, Unite-Here, Wall Street | 4 Comments

Quote of the Day

“Some of the restrictions make sense and others, well, let’s just say they are ill-conceived. The fact that restaurants and bars are still being hit with arbitrary and capricious restrictions is maddening, especially when visiting retail stores and seeing how … Continue reading

Posted in Dining, Health, Regulation | 1 Comment

Adelson, Packer canoodle & other news

While America burns, Sheldon Adelson is fiddling in the French Caribbean, aboard his mega-luxury yacht. The vessel was moored next to that of James Packer, who welcomed Adelson as guest for his lavish New Year’s Eve celebration. This meeting of … Continue reading

Posted in Arizona, China, Crown Resorts, Detroit, Dining, Economy, Hawaii, Health, International, Internet gambling, Iowa, James Packer, Japan, Las Vegas Sands, Law enforcement, Macau, MGM Resorts International, Michigan, Penn National, Pennsylvania, Politics, Regulation, Sheldon Adelson, South Dakota, Taxes, Tribal, Virginia | Comments Off on Adelson, Packer canoodle & other news

Cosmo quits buffet biz (for now); NFL going out with a bang

South Point will have to go it alone in the Strip buffet department now that The Cosmopolitan of Las Vegas has shut down Wicked Spoon “temporarily.” Wicked Spoon had a good, seven-month run during the pandemic but the language used … Continue reading

Posted in Cosmopolitan, Dining, Donald Trump, DraftKings, FanDuel, Health, MGM Resorts International, Rush Street Gaming, Sports, Sports betting, Tourism, Transportation, William Hill | 1 Comment

Miller: Approve stimulus bill; A $7.5 billion Vegas “scam”?

Like many, American Gaming Association President Bill Miller is in favor of the stimulus package overwhelmingly passed by Congress … with reservations. It lacks three key items on Miller’s Christmas wish list: expansion of the CARES Act Employee Retention Tax … Continue reading

Posted in AGA, Atlantic City, Caesars Entertainment, Charity, Colorado, Dining, Donald Trump, DraftKings, Economy, Environment, Failsinos, Florida, Hard Rock International, Indiana, Laughlin, Massachusetts, MGM Resorts International, Mississippi, Penn National, Politics, Sports, Sports betting, Tourism, Tribal, TV, Wynn Resorts | 4 Comments

Goodbye, Trump Plaza; Vaccine news boosts Big Gaming

Atlantic City Mayor Marty Small (D) has found a nifty way to raise money for the Boys & Girls Club of Atlantic City: Auction off the right to push the button that implodes Trump Plaza on Jan. 29. Small hopes … Continue reading

Posted in Architecture, Atlantic City, Boyd Gaming, Caesars Entertainment, Carl Icahn, Charity, Conventions, Cretins, Dining, Donald Trump, Economy, Entertainment, Health, Internet gambling, Iowa, Las Vegas Sands, Louisiana, Macau, Maryland, Massachusetts, Melco Resorts & Entertainment, MGM Resorts International, Penn National, Phil Ruffin, Politics, Sports betting, Station Casinos, Wall Street, Wynn Resorts | 3 Comments

The empty city and other sad news

Politico took a trip to Atlantic City and found a “city without a pulse,” its Boardwalk “empty,” its casinos “limping.” One out of every three Atlantic citizens remains without a job, not surprising when casinos can only operate at reduced … Continue reading

Posted in Atlantic City, Dining, Economy, Health, International, Internet gambling, Mohegan Sun, Politics, South Korea, Sports betting, Tourism, TV, Wall Street | 3 Comments

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

Station, DraftKings, Macao all looking up

So much news … where to begin? Station Casinos got a thumbs-up from analysts at JP Morgan who met with the Fertitta Brothers and CFO Stephen Cootey. “We come away impressed with [Station’s] resolve in maximizing free cash flow at … Continue reading

Posted in Canada, China, Dining, DraftKings, Economy, Health, history, Internet gambling, Macau, Marketing, Palms, Phil Ruffin, Sports, Sports betting, Station Casinos, Wall Street | 2 Comments

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

Park MGM re-closes; Gaming’s 2020 mandate

No, it’s got nothing to do with the smoking ban. Well, maybe. MGM Resorts International, as we mentioned yesterday, has decided it has too much hotel-room inventory going to waste on the Las Vegas Strip. As part of an austerity … Continue reading

Posted in Caesars Entertainment, Churchill Downs, Colorado, Dining, Economy, Election, Golden Gaming, Hard Rock International, Iowa, Louisiana, Maryland, MGM Resorts International, Nebraska, North Carolina, Penn National, Racinos, Regulation, Rush Street Gaming, Taxes, The Strip, Tourism, Tribal, Virginia, Wall Street | 1 Comment

MGM “unsurprising”; Penn outperforms

Analysts at JP Morgan were blasé about MGM Resorts International‘s 3Q20 report, setting their price target at $22/share. Wrote Joseph Greff, “We remain Neutral rated as we continue to see a slow recovery on the LV Strip, a market that … Continue reading

Posted in California, Charity, Churchill Downs, Colorado, Conventions, Detroit, Dining, Economy, Illinois, Indiana, Internet gambling, Kentucky, Macau, MGM Resorts International, Penn National, Pennsylvania, Slot routes, Sports betting, The Strip, Tribal, Virgin Hotels, Wall Street | 2 Comments

First Amendment 1, Sahara 0; Pennsylvania sets record

In what must have been an easy call for jurisprudence, a Clark County judge has ash canned the Sahara‘s frivolous lawsuit against Vital Vegas author Scott Roeben. “Ill-considered” was about the nicest thing Judge Trevor Atkin had to say in … Continue reading

Posted in Alex Meruelo, Atlantic City, Barstool Sports, Boyd Gaming, Caesars Entertainment, Cretins, Dining, DraftKings, FanDuel, Hard Rock International, Ocean Resort, Pennsylvania, Rush Street Gaming, Sahara, Sports betting, Technology, The Strip, Transportation, Twin River | 3 Comments

Trop in trouble; Sands has a plan; Super Bowl to Vegas?

We know that the Tropicana Las Vegas is being positioned for a sale (potentially to Twin River Holdings) but does that alone explain the pink-slipping of 828 employees, a drastic move? Placed in the context of other cutbacks, like the … Continue reading

Posted in AGA, Caesars Entertainment, Charity, Cirque du Soleil, Conventions, Dining, Economy, Entertainment, G2E, Health, Las Vegas Sands, Louisiana, MGM Resorts International, Penn National, Planet Hollywood, Politics, Resort fees, Security, Sports, TV, Wynn Resorts | 1 Comment

What ails Illinois?; Trump Plaza comes down

In a month that saw Ohio casino revenues grow 6% and Iowa almost 1% (to $119.5 million), Illinois casinos plummeted 27% to a measly $82 million. Even a sub-50% capacity restriction doesn’t begin to explain away the problem. Predictably, Rivers … Continue reading

Posted in Arizona, Atlantic City, Boyd Gaming, Caesars Entertainment, Carl Icahn, Churchill Downs, Dining, DraftKings, FanDuel, Full House Resorts, Illinois, Indiana, Internet gambling, Iowa, MGM Resorts International, Michigan, Penn National, Politics, Rush Street Gaming, Spectacle Entertainment, Sports betting, Twin River | 1 Comment

Ohio still strong; Internet saps brick-and-mortar casinos

Buckeye State casino revenues continue to trend upward, gaining 6% to finish at $164.5 million in win. Now that casinos are open in Detroit, it took some of the sheen off Hollywood Toledo, but not much. It was up 13.5% … Continue reading

Posted in Boyd Gaming, Caesars Entertainment, Churchill Downs, Dan Gilbert, Dining, Downtown, Economy, Election, Internet gambling, MGM Resorts International, Ohio, Penn National, Sports betting, Tourism, Wall Street | 2 Comments

Kraft cashes out; Foxwoods is tops

Since its IPO, DraftKings stock has rocketed 264% upward. That has prompted some profit-taking on the part of both DraftKings itself and New England Patriots owner Robert Kraft. (Maybe Kraft’s windfall will soften the pain of last night’s drubbing at … Continue reading

Posted in Arizona, Atlantic City, Caesars Entertainment, California, Conventions, Dining, DraftKings, FanDuel, Florida, Foxwoods, Hard Rock International, Las Vegas Raiders, Mohegan Sun, Ocean Resort, Reno, Sports, Sports betting, Tribal, TV, Wall Street | 1 Comment

Barstool buy buoys Penn Nat’l; MGM’s ad blitzkrieg

JP Morgan analysts upped their near- and long-term cash flow estimates for Penn National Gaming, based on regional trends and sports betting. “While we recognize PENN’s impressive share price outperformance, and many sell-side firms have thrown in the towel with … Continue reading

Posted in Arizona, Boyd Gaming, Caesars Entertainment, Churchill Downs, Dining, Donald Trump, Downtown Grand, DraftKings, FanDuel, Hard Rock International, Health, Illinois, Internet gambling, Iowa, Marketing, MGM Resorts International, Michigan, Nevada, New Jersey, Penn National, Pennsylvania, Problem gambling, Sports, Sports betting, Station Casinos, Wall Street | 1 Comment

Has Las Vegas jumped the shark?

Global Gaming Business, hardly a canary in a coalmine, must think the Covid-19 pandemic is pretty horrendous for it to blast a special report today that Las Vegas Strip casinos are “barely surviving” at the moment. No conventions, scant air … Continue reading

Posted in Atlantic City, Conventions, Dining, Economy, Entertainment, G2E, Health, history, Reno, The Strip | 3 Comments

Louisiana hard hit; Mohegan Sun, Foxwoods tops in U.S.

Slammed by a double-whammy of hurricanes, Louisiana was accordingly unfortunate in gambling revenue, which plunged 32% to $148.5 million. The only market spared was Baton Rouge (-12%). Lake Charles bore the brunt of Hurricane Laura and the numbers reflected it. … Continue reading

Posted in Arizona, Atlantic City, Boyd Gaming, Caesars Entertainment, Churchill Downs, Cosmopolitan, Derek Stevens, Dining, Donald Trump, Downtown Grand, Election, Foxwoods, Golden Nugget, Hard Rock International, Health, Illinois, Indiana, Las Vegas Raiders, Las Vegas Sands, Louisiana, Marketing, Massachusetts, MGM Resorts International, Mississippi, Mohegan Sun, Ocean Resort, Oklahoma, Penn National, Reno, Sahara, Sheldon Adelson, Slot routes, Sports betting, Station Casinos, Tamares Group, The Strip, Tourism, Transportation, Tribal, Twin River, Wynn Resorts | Comments Off on Louisiana hard hit; Mohegan Sun, Foxwoods tops in U.S.