Category Archives: DraftKings

Resorts World a smash hit; Cranky Maine woman stiffs tribes

Some of us thought Nevada would never regain the giddy gambling heights of 2007. We were wrong. May was the best month in Silver State history, as casinos raked in $1.2 billion. (The previous high was in October 2007, on … Continue reading

Posted in Arizona, Atlantic City, BetMGM, Caesars Entertainment, Cordish Co., DraftKings, Economy, FanDuel, Genting, Health, Maine, Marketing, Nebraska, Nevada, North Carolina, Pennsylvania, Phil Ruffin, Politics, Racinos, Resorts World LV, Sahara, Sports, Sports betting, Tennessee, Tribal, Virginia, Wynn Resorts | 2 Comments

Florida gets tag-teamed; Penn upbeat on 2021; Vegas room rates soar

This is how it’s done. Or supposed to be done. DraftKings and FanDuel are teaming to back a petition drive to legalize sports betting in Florida. Aimed at the November 2022 election ballot, the resolution would dedicate tax revenues from … Continue reading

Posted in Baseball, Caesars Entertainment, Canada, Colorado, Dining, DraftKings, Economy, Election, FanDuel, Hard Rock International, Las Vegas Sands, Law enforcement, Louisiana, Maine, Massachusetts, MGM Resorts International, Oklahoma, Peninsula Pacific, Penn National, Pennsylvania, Problem gambling, Regulation, Sports, Sports betting, Taxes, The Strip, Tourism, Tribal, Wall Street, Wynn Resorts | 2 Comments

Louisiana up again; DraftKings hit hard

Casinos in Louisiana weren’t quite as phat last month as in April but still nudged up 5% overall. In New Orleans, the leader was Harrrah’s New Orleans with $27 million (+1%), followed by Boomtown New Orleans, leaping 21% to $12.5 … Continue reading

Posted in Bally, Barstool Sports, BetMGM, Boyd Gaming, Caesars Entertainment, China, Churchill Downs, CQ Holdings, DraftKings, FanDuel, Golden Nugget, Greenwood Racing, Law enforcement, Louisiana, Penn National, Pennsylvania, Rush Street Gaming, Sports, Sports betting, Taxes, Wall Street | Comments Off on Louisiana up again; DraftKings hit hard

Atlantic City casinos rebound; Slow thaw in Massachusetts

Casinos in Atlantic City are finally catching up with the rest of gaming’s recovery. Last month they were only 3% off the 2019 pace. They grossed $213 million, a substantial improvement over April. Slot win was $158 million on 8% … Continue reading

Posted in Atlantic City, Bally, BetMGM, Caesars Entertainment, Cordish Co., Dining, DraftKings, FanDuel, FoxBet, Genting, Golden Nugget, Hard Rock International, Japan, Law enforcement, Massachusetts, MGM Resorts International, Mohegan Sun, North Carolina, Ocean Resort, Penn National, Pennsylvania, PointsBet, Rush Street Gaming, Sports, Sports betting, The Strip, Wynn Resorts | Comments Off on Atlantic City casinos rebound; Slow thaw in Massachusetts

Indiana, Missouri keep rebounding; Casino boom benefits all

Scratch two casino riverboats in Indiana. The Majestic Star-branded flotilla went out of business—and Hard Rock Gary came in, quite auspiciously. Total Hoosier State gaming revenue for last month grew 18% over 2019 to $185.5 million. Hard Rock Gary opened … Continue reading

Posted in Atlantic City, Bally, Barstool Sports, BetMGM, Boyd Gaming, Caesars Entertainment, Century Casinos, Connecticut, Detroit, Donald Trump, DraftKings, Economy, Entertainment, FanDuel, Full House Resorts, Hard Rock International, Indiana, Internet gambling, Law enforcement, Macau, MGM Resorts International, Michigan, Mississippi, Missouri, Peninsula Pacific, Penn National, Pennsylvania, PointsBet, Rush Street Gaming, Spectacle Entertainment, Sports, Sports betting, Taxes, The Strip, Tilman Fertitta, Tribal, Virginia, Wisconsin | 2 Comments

Trump banned; Richmond: The fix was in

Donald Trump won’t be opening a casino in Doral. Neither will anyone else. Not if the Doral City Council has its way. It voted unanimously to bar casino gambling within the city, which encompasses The Donald’s struggling resort. This has … Continue reading

Posted in Australia, BetMGM, Boyd Gaming, Caesars Entertainment, Cordish Co., Donald Trump, DraftKings, Entertainment, FanDuel, Florida, Health, Iowa, Mohegan Sun, Money laundering, North Dakota, Pennsylvania, Politics, Regulation, Rush Street Gaming, Sports, Sports betting, The Strip, Tribal, Virgin Hotels, Virginia, William Hill | 3 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

Illinois limps, Ohio races; Flying the friendly skies with Hard Rock

First, the good news. Illinois gaming revenues held steady from April to May. However … they lagged May 2019 by 9.5%, for a gross of $107 million. The shining exception, as ever, was Rivers Casino Des Plaines, which cornered 39% … Continue reading

Posted in Atlantic City, Bally, Boyd Gaming, Caesars Entertainment, Churchill Downs, DraftKings, Genting, Hard Rock International, Illinois, Jack Entertainment, MGM Resorts International, Neil Bluhm, New Jersey, New York, Ohio, Pennsylvania, Politics, Slot routes, Taxes, Transportation | 1 Comment

Louisiana advances, Pennsylvania recedes

Casino revenues in Louisiana enjoyed a big bounce last month, up 18% to $236 million, a substantial increase over 2019 levels. Mind you, that number was achieved without two casinos that were operational in 2019, Diamond Jacks and Isle Grand … Continue reading

Posted in Atlantic City, Barstool Sports, Baseball, BetMGM, Boyd Gaming, Caesars Entertainment, California, Churchill Downs, Cordish Co., CQ Holdings, Detroit, Dining, Donald Trump, DraftKings, Eldorado Resorts, Entertainment, FanDuel, Golden Nugget, Greenwood Racing, Hard Rock International, Internet gambling, Louisiana, MGM Resorts International, Mohegan Sun, New York, North Carolina, Penn National, Pennsylvania, Rush Street Gaming, Sports, Sports betting, Tribal, Wall Street | 1 Comment

Hard Rock, Ocean drub Borgata; Caesars massacres shows

Casinos in Atlantic City grossed $189.5 million last month, 9% behind their 2019 pace. Slots were off 5% and tables 17%. Regular top-grosser Borgata had a terrible month, falling 28%, spurring by lackluster table-game winnings (-34%), with slots tumbling 25%. … Continue reading

Posted in Atlantic City, Bally, BetMGM, Boyd Gaming, Caesars Entertainment, Conventions, DraftKings, Economy, Entertainment, FanDuel, FoxBet, Full House Resorts, Golden Nugget, Hard Rock International, Health, Indiana, Internet gambling, Lake Tahoe, MGM Resorts International, Mohegan Sun, New Jersey, Penn National, PointsBet, Rush Street Gaming, Silverton, Spectacle Entertainment, Sports, Sports betting, The Rio, The Strip, Wayne F. Newton, William Hill, Wynn Resorts | 3 Comments

Station: No more buffets, less free play; Covid? What Covid?

Said JP Morgan analyst Joseph Greff “not to worry, money losing buffets are not coming back” to Station Casinos. We can take this as gospel, since he got it from CEO Frank Fertitta III, Vice Chairman Lorenzo Fertitta and CFO … Continue reading

Posted in Atlantic City, Australia, Barstool Sports, BetMGM, Boyd Gaming, California, Colorado, Crown Resorts, Dining, DraftKings, Drugs, Economy, Entertainment, FanDuel, Health, Internet gambling, Kentucky, Lotteries, Marketing, MGM Resorts International, Michigan, New York, Ohio, Palms, Penn National, Real Estate, Regulation, Reno, Silverton, Sports betting, Station Casinos, Taxes, Tribal | 3 Comments

MGM dumps Springfield; Gaming recovery a proven fact

MGM Resorts International isn’t quitting Springfield but it’s taking a bath on its eponymous casino in order to reduce its exposure to the (disappointing) market. MGM spent $960 million on the resort, which has never performed up to expectations, and … Continue reading

Posted in AGA, Atlantic City, BetMGM, Caesars Entertainment, Cordish Co., Dining, DraftKings, Economy, Entertainment, FanDuel, Golden Gaming, Hard Rock International, Health, Internet gambling, Massachusetts, MGM Resorts International, Ocean Resort, Pennsylvania, Real Estate, Regulation, Resort fees, South Dakota, Sports, Sports betting, Tennessee, The Strip, Wall Street, Wynn Resorts | 1 Comment

Wynn gaining steam; Miami Beach casino juice job dismissed

First-quarter results for Wynn Resorts were worse than expected in Macao but better than anticipated in both Las Vegas and Boston, while the company posted a revenue chasm around Wynn Interactive. To shore up the latter, Wynn is merging it … Continue reading

Posted in Bally, BetMGM, Boyd Gaming, Caesars Entertainment, Century Casinos, Conventions, Donald Trump, DraftKings, FanDuel, Florida, Hard Rock International, Horseracing, Illinois, Internet gambling, Macau, Marketing, Massachusetts, Missouri, Nevada, New York, Ohio, Penn National, Pennsylvania, Politics, Regulation, Seminole Tribe, Sociedade de Jogos de Macau, Sports betting, The Strip, Tourism, Tribal, TV, Virginia, Wall Street, Wynn Resorts | Comments Off on Wynn gaining steam; Miami Beach casino juice job dismissed

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

DraftKings’ mixed results; Penn waxes, Iowa wanes

DraftKings exceeded analysts’ expectations with its 1Q21 revenues, leading Credit Suisse‘s Ben Chaiken to boost his 2021 revenue projection by $100 million, to $1.1 billion, in part “reflecting strength in new states such as Michigan.” Wall Street anticipated $239 million … Continue reading

Posted in AGA, Arizona, Barstool Sports, Baseball, BetMGM, Boyd Gaming, Caesars Entertainment, California, Derek Stevens, Diversity, DraftKings, FanDuel, Golden Gaming, Illinois, Internet gambling, Iowa, Marketing, Maryland, Michigan, Nevada, New York, Penn National, Pennsylvania, Slot routes, Sports, Sports betting, Tribal, Virginia, Wall Street, William Hill, Wynn Resorts, Wyoming | 1 Comment

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

MGM hits paydirt; Palms sold?; Atlantic City underwhelms

Remember the Harmon Hotel? That Sir Norman Foster-designed tower that had to be amputated at half the intended height in 2008 because of incompetent construction? The only Las Vegas resort ever to be dismantled without having hosted a single guest? … Continue reading

Posted in Atlantic City, Boyd Gaming, Caesars Entertainment, Card rooms, Carl Icahn, Charity, Churchill Downs, CityCenter, Cosmopolitan, CQ Holdings, Detroit, Dining, Diversity, DraftKings, Entertainment, Florida, Full House Resorts, Golden Nugget, Hard Rock International, Health, Louisiana, LVCVA, MGM Resorts International, Michigan, Nevada, Ocean Resort, Palms, Penn National, Real Estate, Resort fees, Rush Street Gaming, Seminole Tribe, Sports, Sports betting, Station Casinos, Taxes, The Strip, Tribal, Wall Street, Washington State | 1 Comment

Big win for Seminoles?; Parx the deadliest track of all

Florida Gov. Ron DeSantis (R) succeeded where predecessor Rick Scott failed, inking a pact with the Seminole Tribe that would unlock the $35o million a year that the Seminoles have been holding in escrow. In return, the tribe gets a … Continue reading

Posted in Animals, Bally, BetMGM, Boyd Gaming, Caesars Entertainment, Churchill Downs, Cirque du Soleil, Cordish Co., Crown Resorts, Downtown, DraftKings, Entertainment, FanDuel, Florida, Greenwood Racing, Hawaii, Horseracing, Internet gambling, James Packer, Las Vegas Sands, Massachusetts, MGM Resorts International, New York, Ohio, Pennsylvania, Politics, Regulation, Seminole Tribe, Sports betting, Taxes, Tennessee, The Strip, Transportation, Virginia, Wall Street, William Hill, Wynn Resorts | Comments Off on Big win for Seminoles?; Parx the deadliest track of all

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”

Michigan sports betting, i-gaming surge; AGA chases renegade slots

Say what you like about Michigan, it’s giving New Jersey and Pennsylvania a literal run for their money in Internet gambling. Win/day is just over $3 million, close behind the Keystone State’s $3.15 million and challenging the Garden State’s $3.65 … Continue reading

Posted in AGA, Arizona, Atlantic City, Barstool Sports, Caesars Entertainment, Churchill Downs, Dining, DraftKings, Economy, FanDuel, Florida, FoxBet, Hawaii, Health, Illinois, Indiana, Internet gambling, Kansas, Las Vegas Sands, Lotteries, Macau, Massachusetts, MGM Resorts International, Michigan, Minnesota, Mississippi, Nevada, New Jersey, Ohio, Oklahoma, Pennsylvania, PointsBet, Problem gambling, Regulation, Reno, Resorts World LV, Rhode Island, Rush Street Gaming, Slot routes, South Dakota, Sports, Sports betting, Taxes, Tribal, Wall Street, William Hill, Wynn Resorts | 1 Comment