Category Archives: Downtown

“Extreme” pessimism in Las Vegas; The D pisses for safety

Posted on July 23, 2020 by David McKee

Writing off the 2Q20 results as “less than relevant,” JP Morgan analyst Joseph Greff was guardedly optimistic about Las Vegas Sands, even though management’s conference call “shed little light on the path of recovery in Macau SAR, Singapore or Las … Continue reading →

Posted in China, Churchill Downs, Derek Stevens, Donald Trump, Downtown, Economy, Health, Las Vegas Sands, Macau, Maine, MGM Resorts International, Penn National, Sheldon Adelson, Singapore, The Strip, Tourism, Wall Street, Wynn Resorts | 1 Comment

Cosmofusion; MGM Springfield wants new deal

Posted on July 16, 2020 by David McKee

There are some mighty mixed signals coming out of The Cosmopolitan of Las Vegas. The megaresort informed its thousands of employees that no layoffs are planned. However, it wrote the state that “The layoff and furloughs which began on or … Continue reading →

Posted in Boyd Gaming, Cosmopolitan, Derek Stevens, Downtown, Economy, Health, Louisiana, Macau, Maine, Massachusetts, Melco Resorts & Entertainment, MGM Resorts International, Mississippi, Pansy Ho, Penn National, Sociedade de Jogos de Macau, Stanley Ho, Tribal, Wall Street | 1 Comment

Las Vegas: The first shall be last

Posted on July 15, 2020 by David McKee

Don’t stay up late waiting for business in Las Vegas to return to “normal” levels. Sin City is uniquely vulnerable to downturns in the U.S. economy (think of the Great Recession) and a trailing indicator of gambling’s health. The prime … Continue reading →

Posted in Alabama, Aristocrat, Atlantic City, Boulder Strip, Boyd Gaming, China, Conventions, Downtown, Economy, Eldorado Resorts, Florida, G2E, Hard Rock International, Health, Las Vegas Sands, LVCVA, Macau, Melco Resorts & Entertainment, Ohio, Penn National, Technology, The Strip, Transportation, Wall Street, Wynn Resorts | 1 Comment

Bay State casinos to reopen

Posted on July 3, 2020 by David McKee

Although Massachusetts casinos are eligible to reopen on July 5, it’s looking far likelier that July 12 will be the dawn of a new era in the Bay State. One mandate certain to raise hackles is that players can no … Continue reading →

Posted in Ameristar, Atlantic City, Caesars Entertainment, California, Card rooms, Cosmopolitan, Downtown, Eldorado Resorts, Entertainment, Hard Rock International, Health, history, Laughlin, Massachusetts, MGM Resorts International, Mississippi, Missouri, Mohegan Sun, Palms, Penn National, Politics, Regulation, Station Casinos, Tribal, Twin River, Wynn Resorts | 2 Comments

May’s cupboard empty

Posted on June 30, 2020 by David McKee

With Nevada casinos closed all May, gaming revenue was a ghost of its former self, down 99.5%, kept alive by mobile sports wagering and online poker. Silver State casinos grossed just under $6 million. Reno, Laughlin and Lake Tahoe all … Continue reading →

Posted in Caesars Entertainment, Cirque du Soleil, Derek Stevens, Downtown, Economy, Eldorado Resorts, G2E, Hard Rock International, Health, Internet gambling, Lake Tahoe, Laughlin, Law enforcement, Louisiana, MGM Resorts International, Ohio, Phil Ruffin, Politics, Regulation, Reno, Technology, The Strip, Tilman Fertitta, Tourism, Transportation, Wall Street | 2 Comments

Casino scandal in D.C.

Posted on June 25, 2020 by David McKee

Massachusetts‘ Mashpee Wampanoag tribe continues to fight on against a Trump administration decertification of their status, in a case that’s sticking to the White House like a tar baby. Whose market share would be most impinged by a Mashpee casino? … Continue reading →

Posted in Baseball, Derek Stevens, Dining, Donald Trump, Downtown, Downtown Grand, El Cortez, Election, Florida, Hard Rock International, Health, Kentucky, Massachusetts, Palms, Politics, Sports betting, Tamares Group, The Strip, Tribal, Twin River | 2 Comments

Crackdown in Vegas

Posted on June 25, 2020 by David McKee

Perhaps Las Vegas will not be the latest vector of Covid-19 after all. Having taken a wait-and-see attitude toward safety protocols during the shutdown, Caesars Entertainment was first out of the gate in cracking down on mask scofflaws. The company … Continue reading →

Posted in Caesars Entertainment, Downtown, El Cortez, Entertainment, Health, Marijuana, MGM Resorts International, Nevada, Regulation | 1 Comment

Quote of the Day

Posted on June 22, 2020 by David McKee

“Every other machine was  off and chairs removed. There was no social distancing at pool or check in. The rest was very ghost town like. No Starbucks were open.  We ate at [Chick-Fil-A] and there were two other sets of … Continue reading →

Posted in Dining, Downtown, Golden Nugget | Comments Off on Quote of the Day

Wear that mask!

Posted on June 19, 2020 by David McKee

There are occasions on which we hate to be proven right but the current state of events in Las Vegas is one of them. For instance, two individuals have tested positive for Covid-19 at the Flamingo Las Vegas. Since the … Continue reading →

Posted in Arizona, Caesars Entertainment, Culinary Union, Downtown, Economy, Health, MGM Resorts International, Regulation, Taxes, Tribal, TV | 4 Comments

Caesars slashes costs; Circa to open early

Posted on June 17, 2020 by David McKee

News out of Eldorado Resorts and Caesars Entertainment, where Tom Reeg is showing the whip hand, are good for investors, maybe not so much for customers. In a period in which revenue fell 21%, cash flow rose 16%, thanks in … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, Derek Stevens, Dining, Downtown, Eldorado Resorts, Florida, Health, Marketing, Penn National, Real Estate, Sports, Wall Street | 2 Comments

Quote of the Day

Posted on June 15, 2020 by David McKee

“Stayed at the D on the 6th of June, was a little taken back by the lack of social distancing and crowded conditions. The D was doing temperature checks of everyone coming through the doors but unlike the other casinos … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, Derek Stevens, Dining, Downtown, Downtown Grand, El Cortez, Golden Nugget, MGM Resorts International, Terry Caudill, The Strip, Tourism | Comments Off on Quote of the Day

Four Queens, 7:30 p.m., Friday

Posted on June 15, 2020 by David McKee
Posted in Downtown, Economy, Terry Caudill | Comments Off on Four Queens, 7:30 p.m., Friday

‘Net bets carry Atlantic City; Clubs face crisis

Posted on June 15, 2020 by David McKee

Internet casinos are in New Jersey to stay. They grossed $86 million last month, their highest amount ever. That’s 135% more than a year ago. Golden Nugget was tops with $29 million, followed by Resorts Digital ($18 million) and Borgata … Continue reading →

Posted in Atlantic City, Caesars Entertainment, Carl Icahn, Downtown, DraftKings, Economy, Entertainment, Florida, Golden Nugget, Health, Horseracing, International, Internet gambling, Las Vegas Sands, LVCVA, MGM Resorts International, Mississippi, Morris Bailey, New Jersey, New York, Ohio, Resorts World LV, Seminole Tribe, Sports, Sports betting, Steve Wynn, Taxes, The Strip, Tourism, Transportation, Wynn Resorts | 2 Comments

MGM revving up on Strip; The Skull returns

Posted on June 11, 2020 by David McKee

Allowing for the context that one’s hotels fill up faster when only 25%-50% of the rooms are being rented, MGM Resorts International seems to be enjoying a honeymoon with its customer base. Its Las Vegas Strip resorts are reopening, in … Continue reading →

Posted in Caesars Entertainment, Colony Capital, Dining, Downtown, Dubai, Economy, Entertainment, Golden Gaming, Golden Nugget, International, MGM Resorts International, Minnesota, New Jersey, Resorts World LV, The Mob, The Strip | Comments Off on MGM revving up on Strip; The Skull returns

MGM changes mind on Aria; No appetite for deals?

Posted on June 8, 2020 by David McKee

Having told its entire Aria staff to look for new jobs, MGM Resorts International finds itself in the position of saying, “Never mind.” In an interview last weekend, CEO Bill Hornbuckle floated the possibility of reopening Aria by July 4, followed … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, California, CityCenter, Conventions, Current, Derek Stevens, Dining, Downtown, Economy, Election, Entertainment, Hawaii, Health, Las Vegas Sands, Law enforcement, LVCVA, Marketing, Massachusetts, MGM Resorts International, Money laundering, Resort fees, Sahara, Singapore, Sports, Sports betting, Station Casinos, Terry Caudill, The Rio, The Strip, Tourism, Tribal, TV, Virginia, Wall Street | 1 Comment

Very green shoots; Miller takes the lead; “Crisis fees”

Posted on June 5, 2020 by David McKee

It’s an open question whether we’ve tamped down Coronavirus (keep wearing those masks!) but we seem to have turned a corner in the economy, a development that bodes well for the gaming industry. According to the Boston Globe, unemployment “unexpectedly” … Continue reading →

Posted in AGA, Derek Stevens, Dining, Diversity, Downtown, Economy, Health, Massachusetts, MGM Resorts International, Resort fees, The Strip, Wynn Resorts | 1 Comment

Station reopens bullishly; Who was that masked man, anyway?

Posted on June 4, 2020 by David McKee

On the eve of today’s reopening, Station Casinos hosted a conference call with JP Morgan analysts and was pretty darn confident that its base of Baby Boomers and retirees would flock back. So confident is that Station “has not been … Continue reading →

Posted in Australia, Caesars Entertainment, Cirque du Soleil, Crown Resorts, Derek Stevens, Downtown, Entertainment, Health, Las Vegas Sands, Marketing, MGM Resorts International, Palms, Planet Hollywood, Real Estate, Resort fees, Station Casinos, Steven Witkoff, Tamares Group, Terry Caudill, The Rio, The Strip, Tourism, Wall Street | 3 Comments

The Drew is through; Stevens’ green shoots

Posted on June 3, 2020 by David McKee

Would somebody please implode Fontainebleau already? It’s an eyesore, a civic embarrassment and a product for which demand does not exist. We perhaps should be saying “The Drew” but—per Scott Roeben‘s all-but-infallible VitalVegas, The Drew is in default, meaning that … Continue reading →

Posted in Baseball, Carl Icahn, Derek Stevens, Downtown, Economy, Fontainebleau, Health, Horseracing, Illinois, Phil Ruffin, South Korea, Sports, Sports betting, Steven Witkoff, Technology, Tourism, Transportation | 1 Comment

California Lege mulls sports betting; Mega-Jottings

Posted on June 1, 2020 by David McKee

Gaming analysts may be getting a little ahead of themselves but they’re estimating that California could generate $30 billion a year in sports-betting handle, $2 billion in revenue and $300 million in taxes. That’d be pretty good news for a … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, California, Downtown, Economy, Eldorado Resorts, International, Lotteries, New Jersey, Politics, Regulation, Rhode Island, Sports betting, Station Casinos, Taxes, The Strip, Tourism, Tribal, Twin River | 2 Comments

Unrest on the Strip; Boyd tightens belt

Posted on June 1, 2020 by David McKee

Maybe Coronavirus can’t keep people away from Las Vegas but we think we’ve found one thing that will: civil unrest. A pair of Las Vegas Review-Journal reporters found themselves in the line of fire when Las Vegas Metro launched a … Continue reading →

Posted in Boyd Gaming, Downtown, Economy, Indiana, Ohio, Politics, The Strip | 2 Comments