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- If you can’t beat ’em, cheat ’em; Fun & games
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- Atlantic City rebounds; Sibella dumped; NFL suspicions
- MGM limping back; Atlantic City follies; Wall Street Jottings
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- Alice Eskandari on Durango Station, slightly downsized
- David McKee on You can’t fix stupid; Good-bad news on the bayou
- American Gaming Guru on You can’t fix stupid; Good-bad news on the bayou
- Ray Lebowski on Sibella scandal spreads; Supremes forestall Seminoles
- David McKee on Sibella scandal spreads; Supremes forestall Seminoles
- Ray Lebowski on Sibella scandal spreads; Supremes forestall Seminoles
- David McKee on MGM crippled; Illinois & Indiana report; Bally’s shaky in Chi
- Paul Shanahan on MGM crippled; Illinois & Indiana report; Bally’s shaky in Chi
- ACGambler on MGM limping back; Atlantic City follies; Wall Street Jottings
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- Sibella scandal spreads; Supremes forestall Seminoles - 56,281 views
- You can’t fix stupid; Good-bad news on the bayou - 56,184 views
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- Pennsylvania soggy; Epic fail in North Carolina - 55,551 views
- Atlantic City rebounds; Sibella dumped; NFL suspicions - 55,531 views
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- MGM crippled; Illinois & Indiana report; Bally’s shaky in Chi - 57,649 views
- MGM paralyzed; DraftKings debacle; Mount Airy wins - 57,071 views
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Category Archives: DraftKings
Sports betting lifts Illinois; Packer in a pickle
It was sagacious of Illinois Gov. J.B. Pritzker (whose family used to co-own the Grand Victoria casino in Elgin) to temporarily suspend his state’s rule requiring in person registration for sports betting. Last month, the Land of Lincoln saw $140 … Continue reading
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
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
Caesars, MGM: Recovery slow but promising
Caesars Entertainment CEO Tom Reeg sat down with JP Morgan analysts to discuss the state of the Roman Empire. In a sentence, better than you might expect. On the Las Vegas Strip “weekend demand has been strong, but weekday demand … Continue reading
Posted in Atlantic City, Baseball, Caesars Entertainment, China, Conventions, DraftKings, FanDuel, Florida, history, Horseracing, Illinois, Indiana, Internet gambling, Las Vegas Raiders, Louisiana, Macau, MGM Resorts International, New York, Penn National, Pennsylvania, Sports, Sports betting, The Crown 18, The Strip, TV, Wall Street
3 Comments
They just won, baby
Congratulations to the NFL on a successful first Sunday, figuratively beating the odds against Coronavirus. Kudos to the sound designers who created the illusion of teeming crowds (complete with booing of the referees) in empty stadiums. A few quick takeaways: … Continue reading
Posted in DraftKings, FanDuel, Las Vegas Raiders, Sports, Sports betting, TV
1 Comment
Hiccups in Indiana, Missouri
Stimulus checks and pent-up demand only seem to go so far (except in Ohio). Gambling revenues in Indiana were down 10% last month, to $168 million. $5 million of that was table game play from Hoosier Park and Indiana Grand, … Continue reading
Posted in Architecture, Boyd Gaming, Caesars Entertainment, Century Casinos, DraftKings, FanDuel, Full House Resorts, history, Illinois, Indiana, MGM Resorts International, Michigan, Missouri, Movies, Penn National, Rush Street Gaming, Sheldon Adelson, Singapore, Spectacle Entertainment, Sports betting, TV, Twin River
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Ohio strong, Maryland stable, Illinois stinks
Buckeye State casinos continued their impressive run last month, up 5% to gross $172 million. This is Ohio‘s best-ever August, even with an unfavorable calendar (one less weekend day). Star performer was Hollywood Toledo, up 33% to $23 million. MGM … Continue reading
Posted in AGA, Baseball, Boyd Gaming, Caesars Entertainment, Churchill Downs, Colorado, Cordish Co., Dan Gilbert, Derek Stevens, DraftKings, GLPI, Golden Gaming, Hard Rock International, Illinois, Maryland, MGM Resorts International, Ohio, Pennsylvania, Politics, Regulation, Sports, Sports betting, Uncategorized
2 Comments
Derby Day a dud; Bank cools on Resorts World LV
Seems that Churchill Downs was blowing smoke up Wall Street‘s keister about how well a delayed, spectator-less Kentucky Derby would perform. Last weekend’s Run for the Roses saw betting handle of $79.5 million, down 49% from last year. All races … Continue reading
Posted in Churchill Downs, Dining, Donald Trump, DraftKings, Economy, Election, FanDuel, G2E, Genting, Hard Rock International, Health, Horseracing, Kentucky, Las Vegas Raiders, LVCVA, Macau, MGM Resorts International, Nevada, New York, Penn National, Rush Street Gaming, Security, Sheldon Adelson, Singapore, Sports, Sports betting, The Rio, The Strip, Tourism, TV, Wall Street
1 Comment
Macao moots casino closures; Stevens vs. William Hill
Here it comes. Again. The government of Macao is taking a zero-tolerance policy toward Covid-19. Although there hasn’t been a case in four months (good for them), the enclave is floating the idea of shutting down any casino where a … Continue reading
Baby steps in Massachusetts, leaps and bounds in Pennsylvania
Given that Plainridge Park didn’t reopen until July 8, and Encore Boston Harbor and MGM Springfield not for two more days after that, it’s wholly understandable that Massachusetts gambling revenue was down 44% last month. JP Morgan analyst Joseph Greff … Continue reading
Posted in Arizona, Boyd Gaming, Caesars Entertainment, DraftKings, El Cortez, FanDuel, Greenwood Racing, Internet gambling, Law enforcement, Massachusetts, Mohegan Sun, New Jersey, Penn National, Pennsylvania, Rush Street Gaming, Sports betting, Tribal, Wall Street, Westgate LV, Wynn Resorts
1 Comment
The big enchilada
“The Biggest Gaming Opportunity Since Riverboats in the Early ’90s.” That’s how JP Morgan gaming analyst Joseph Greff, a man not given to hype, characterized i-gaming and sports betting today. He described them as “as an emerging and exciting area … Continue reading
Posted in Caesars Entertainment, California, Colorado, Cosmopolitan, DraftKings, FanDuel, Golden Nugget, Illinois, Indiana, Internet gambling, Iowa, Isle of Capri, Las Vegas Sands, MGM Resorts International, Michigan, MTR Gaming, Palms, Penn National, Regulation, Rush Street Gaming, Silverton, Sports betting, The Strip, Tropicana Entertainment, Wall Street, William Hill
2 Comments
Indiana, Missouri, Ohio rebound, Illinois not so much
It was back to business as almost normal in Indiana last month. The Hoosier State was only 5.5% 0ff its July 2019 pace, grossing $171 million. (They’ve been open since June 15.) The relative novelty of table games—$5 million—at Indiana … Continue reading
Devil in the details
Gaming & Leisure Properties Inc. held a conference call with stock analysts and it revealed more about Caesars Entertainment and, to a lesser extent, Penn National Gaming than the companies themselves were saying. Rents and income were described as “better … Continue reading
Case Bets
Something good came out of Washington, D.C. today. (How often can one type that sentence?) Reps. Dina Titus (D) and Guy Reschenthaler (R) introduced bipartisan legislation to repeal the excise taxes and head taxes (a $50 annual levy on every … Continue reading
Posted in AGA, Caesars Entertainment, China, Dining, DraftKings, Entertainment, GLPI, Golden Nugget, Health, Illinois, Internet gambling, Michael Gaughan, Philippines, Politics, Regulation, Sports betting, Taxes, Terry Caudill, TV, Virgin Hotels
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Encore Boston reopens and other good news
“It put a big smile on my face,” customer Marcia Hamilton said of Encore Boston Harbor‘s reopening last Sunday. We’ll have to take the smile on faith because employees and customers alike are required to wear PPE masks. Still, Encore … Continue reading
Louisiana sees fewer, richer players
Gambling re-started in Louisiana May 18, albeit with some significant casualties. Harrah’s New Orleans and Fair Grounds racino weren’t able to wade in until the end of the month and Diamond Jack’s is kaput. Despite mad business early in reopening, … Continue reading
Posted in Boyd Gaming, Caesars Entertainment, Churchill Downs, Detroit, DraftKings, Eldorado Resorts, FanDuel, GLPI, Golden Nugget, Greenwood Racing, Health, Internet gambling, Louisiana, Michigan, Penn National, Pennsylvania, PokerStars, Rush Street Gaming, Sports betting, Taxes, Tribal, Wall Street
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‘Net bets carry Atlantic City; Clubs face crisis
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
‘Net casinos boom; Indiana sports books struggle
Here is the kind of story American Gaming Association President Bill Miller doesn’t want us to write. Costa Rica-based PayPerHead software provider is quantifying the upsurge in Internet gambling that took off with Covid-19. Not only did online casinos benefit … Continue reading
Posted in AGA, Boyd Gaming, Caesars Entertainment, DraftKings, FanDuel, Indiana, International, Internet gambling, Marketing, Penn National, Sports, Sports betting, Technology, Tourism, Transportation
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