Category Archives: DraftKings

Casinos in clover nationwide; Mega-Jottings for a Monday

Masters Week has come and gone, and Augusta now sinks back into an 11-month torpor. Which also helps us return to standard-edition S&G. (Seen on the marquee of the church closest to Augusta National: “This is Amen Corner.”) Where to … Continue reading

Posted in Bally, BetMGM, Boyd Gaming, Caesars Entertainment, Canada, Century Casinos, Chicago, Churchill Downs, Conventions, CQ Holdings, Current, Derek Stevens, Diversity, DraftKings, Economy, FanDuel, Full House Resorts, G2E, Georgia, Hard Rock International, Illinois, Indiana, International, Jack Entertainment, Las Vegas Sands, Macau, Marketing, MGM Resorts International, Missouri, Nevada, New York, North Las Vegas, Ohio, Palms, Penn National, Pennsylvania, Politics, Racinos, Sahara, Singapore, Sports, Sports betting, Taxes, Tribal | 1 Comment

Optimism in Las Vegas; Bluhm bombs in Chicago

On his way home from Black Hawk, Colorado, gaming analyst Barry Jonas of Truist Securities popped into Las Vegas. He met with various and sundry publicly traded companies, even MGM Resorts International, for which he feels little love. He also … Continue reading

Posted in Arizona, Bally, BetMGM, Boyd Gaming, Caesars Entertainment, California, Chicago, DraftKings, Economy, Everi, FanDuel, Florida, G2E, Hard Rock International, Health, IGT, Las Vegas Sands, MGM Resorts International, Neil Bluhm, Palms, Penn National, Politics, Problem gambling, Rush Street Gaming, Scientific Games, Sports betting, Station Casinos, Technology, Tribal, Virginia, Wall Street | Comments Off on Optimism in Las Vegas; Bluhm bombs in Chicago

Baccarat constrains Strip; Sports betting tsunami ahead

Withered baccarat numbers meant that the Las Vegas Strip had a muted February, only a percentage point above 2019. Players dropped $599 million (-44.5%) of which the house won just $62 million (-52%). That offset a bonny month at the … Continue reading

Posted in Boulder Strip, Caesars Entertainment, California, Colorado, Downtown, DraftKings, FanDuel, Indiana, Lake Tahoe, Laughlin, Marketing, Mesquite, North Carolina, Palms, Reno, Sports, Sports betting, Station Casinos, Taxes, The Strip, Tourism, Transportation, Tribal, Wendover | Comments Off on Baccarat constrains Strip; Sports betting tsunami ahead

Sunday Special: Coming down the Oscar stretch

With one week until the Academy Awards, you still have time to get your money down in New Jersey and Indiana. (Why not Nevada, we ask?) Although its odds have narrowed significantly, The Power of the Dog (DraftKings -280/BetMGM -250) … Continue reading

Posted in BetMGM, DraftKings, Indiana, Movies, New Jersey | 1 Comment

Penn’s Portnoy problem; Unexpected winners, losers in Pennsylvania; Mega-Jottings

That ongoing bromance between Barstool Sports founder Dave Portnoy and Penn National Gaming CEO Jay Snowden is prompting regulatory scrutiny in Indiana and even Nevada, especially as Penn girds its loins for a full Barstool buyout. That would bring the … Continue reading

Posted in Architecture, Barstool Sports, Baseball, BetMGM, Boyd Gaming, Caesars Entertainment, Churchill Downs, Cordish Co., Detroit, DraftKings, FanDuel, Greenwood Racing, Horseracing, Indiana, International, Internet gambling, Las Vegas Sands, Marketing, Massachusetts, Mohegan Sun, Nevada, New York, Ocean Resort, Oklahoma, Penn National, Pennsylvania, Regulation, Rush Street Gaming, Sexual misconduct, Sports betting, Taxes, Tourism, Tribal, Wall Street, WInd Creek | 2 Comments

Atlantic City, Massachusetts make big gains; Hotel misery

Casino executives in Atlantic City continue to plead poverty (to a dwindling amen corner) when it comes to poisoning their employees with secondhand smoke. In the meantime, they’re pocketing business hand over fist. Last month saw a 43% catapult over … Continue reading

Posted in Atlantic City, Bally, BetMGM, Boyd Gaming, Caesars Entertainment, DraftKings, Environment, FanDuel, Golden Nugget, Hard Rock International, Health, Internet gambling, Massachusetts, MGM Resorts International, Michigan, Mohegan Sun, New York, Ocean Resort, Penn National, Pennsylvania, PointsBet, Sports betting, The Strip, Tilman Fertitta, Unite-Here, Wynn Resorts | 2 Comments

New York $tate of mind; DraftKings gets rabies

OK, so New York State sports betting “slowed slightly” last month. Big deal. After all, there weren’t five weekends of NFL action, for starters. What’s more newsworthy is the $1.5 billion in handle that Empire State online sports betting whipped … Continue reading

Posted in Bally, Boyd Gaming, Caesars Entertainment, Churchill Downs, DraftKings, Environment, FanDuel, Golden Nugget, Japan, Las Vegas Sands, Law enforcement, Louisiana, New York, Penn National, Sports, Sports betting, Station Casinos, Taxes, The Strip, Tribal, Wall Street | 1 Comment

Decline of the Golden Nugget?; Bluhm gets Chicago boost

On March 7, our Atlantic City correspondent wrote to us, “Who took the slot machines since yesterday? They even got rid of two of the four “vanity’ Tilman Fertitta dollar Billionaire Buyer machines. (I never saw anyone at those machines). … Continue reading

Posted in Atlantic City, Bally, Barstool Sports, BetMGM, Boyd Gaming, Caesars Entertainment, Chicago, China, Churchill Downs, Colorado, Detroit, DraftKings, Environment, FanDuel, Full House Resorts, Genting, Golden Nugget, Hard Rock International, Illitch Family, Indiana, Marketing, MGM Resorts International, Neil Bluhm, New Jersey, New York, Penn National, PointsBet, Politics, Rush Street Gaming, Scientific Games, Sports betting, Taxes, Tilman Fertitta, Tribal, Wynn Resorts | 1 Comment

Bounty in Missouri, penury in Macao

Customer bucks continued flowing big-time in Missouri casinos last month, up 19% over 2021. The total gross was $146 million as customers spent 2.5% more per visit and came in 16% greater numbers. Almost casinos were revenue-positive (some spectacularly so) … Continue reading

Posted in Bally, Barstool Sports, BetMGM, Boyd Gaming, Caesars Entertainment, Century Casinos, China, DraftKings, Election, FanDuel, Galaxy Entertainment, Genting, Health, Illinois, Las Vegas Sands, Macau, MGM Resorts International, Missouri, Nevada, Penn National, Rush Street Gaming, Sociedade de Jogos de Macau, Sports, Sports betting, Taxes, Tourism, Wynn Resorts | 2 Comments

Ohio, Illinois ebullient; MGM expects good things; Scandal in NFL

Ohio casino revenues were up 13% from 2021, yielding $179 million in player losses. Slots-only MGM Northfield Park posted a $22.5 million haul, up 17%, while Jack Cleveland vastly expanded its table game inventory and saw table play rise 24.5%. … Continue reading

Posted in Arkansas, Bally, Boyd Gaming, Caesars Entertainment, Churchill Downs, Conventions, DraftKings, Economy, Hard Rock International, Illinois, Internet gambling, Jack Entertainment, Japan, Marketing, MGM Resorts International, Ohio, Penn National, Sports, Sports betting, The Strip, Tribal, United Kingdom, Vietnam, Virginia | 1 Comment

DraftKings flexes its biceps; New names, same players

Probably in reaction to a precipitous plunge in DKNG shares, DraftKings hosted an investor day in which it told Wall Street analysts that everything is coming up roses. Its lead point was that its ‘total addressable market’ (translation: potential bettors) … Continue reading

Posted in Barstool Sports, Canada, Cordish Co., DraftKings, GLPI, Golden Nugget, Internet gambling, Maryland, Penn National, Pennsylvania, Scientific Games, Sports betting, Wall Street | Comments Off on DraftKings flexes its biceps; New names, same players

Louisiana levels off, DraftKings sucks wind, Golden gilded

Gaming analysts have been cautioning us to expect “difficult comparisons” between 2022 and previous high-water years late 2019 and 2021. Indeed, Louisiana‘s January was flat with 2019, if up 8% from last year. Sports betting was weak: $49 million in … Continue reading

Posted in Apollo Management, Atlantic City, Bally, Baseball, Boyd Gaming, Caesars Entertainment, Churchill Downs, DraftKings, Economy, Eldorado Resorts, Florida, G2E, Golden Gaming, Golden Nugget, Hard Rock International, Hawaii, Japan, Las Vegas Sands, Laughlin, Louisiana, New Jersey, New York, Peninsula Pacific, Penn National, Regulation, Resort fees, Slot routes, Sports betting, Tourism, Wall Street, Wynn Resorts | Comments Off on Louisiana levels off, DraftKings sucks wind, Golden gilded

Wynn steals its own thunder; Atlantic City hits a downer

Leave it to Wynn Resorts to squelch news of a bad 4Q21—losing $256.5 million—with an, oh by the way, announcement that it was selling Encore Boston Harbor for $1.7 billion (essentially breaking even on construction costs) and leasing it back. … Continue reading

Posted in AGA, Atlantic City, Australia, Bally, Barstool Sports, BetMGM, Caesars Entertainment, Crown Resorts, Dining, DraftKings, Dubai, Economy, FanDuel, FoxBet, Golden Nugget, Hard Rock International, Internet gambling, James Packer, Las Vegas Sands, Macau, Marketing, Massachusetts, Mattress Mack, MGM Resorts International, Michigan, Mohegan Sun, New Jersey, New York, Penn National, PointsBet, Problem gambling, Rush Street Gaming, South Korea, Sports, Sports betting, Taxes, Tennessee, Texas, The Strip, Wall Street, Wynn Resorts | Comments Off on Wynn steals its own thunder; Atlantic City hits a downer

MGM boffo; Establishment freaks out over sports betting

“Viva Las Vegas” was the headline on Credit Suisse analyst Ben Chaiken‘s recap of 4Q21 earnings from MGM Resorts International. Wall Street expected $2.8 billion in revenue and $705 million in cash flow. MGM delivered $3.1 billion and $821 million, … Continue reading

Posted in BetMGM, Caesars Entertainment, Canada, Conventions, Cosmopolitan, DFS, Donald Trump, DraftKings, Election, Entertainment, Florida, Hard Rock International, Hawaii, Health, Illinois, Japan, Las Vegas Sands, Lotteries, Macau, Marketing, Mattress Mack, MGM Resorts International, Nevada, New York, Problem gambling, Seminole Tribe, Sports, Sports betting, Station Casinos, Steve Wynn, Taxes, Technology, The Strip, Wall Street, Wynn Resorts | 3 Comments

Casinos continue to thrive; Crooks, liars and losers

There’s no “supply chain” issue when it comes to dollars flowing into American casinos. Take Missouri, for instance. Casino revenue sprang 15.5% over 2019 last month, for a statewide take of $145.5 million. Actual visitation was down 2o% but per-visitor … Continue reading

Posted in Apollo Management, Bally, Bally Technologies, Barstool Sports, BetMGM, Boyd Gaming, Caesars Entertainment, Century Casinos, Churchill Downs, Cretins, DraftKings, FanDuel, Full House Resorts, Hard Rock International, Health, Illinois, Indiana, Las Vegas Sands, Law enforcement, Louisiana, Maryland, Mattress Mack, MGM Mirage, Missouri, Nevada, Penn National, Pennsylvania, PointsBet, Regulation, Reno, Rush Street Gaming, Scientific Games, Slot routes, Sports, Sports betting, Steve Wynn, Taxes, Tribal, WInd Creek, Wynn Resorts | 3 Comments

Atlantic City revisited; Oscars: Year of The Dog

Bally’s Atlantic City and Golden Nugget traditionally jockey for last place in Atlantic City monthly gaming grosses. Indeed, a midweek visit to Bally’s by our East Coast correspondent found the place practically deserted (and in need of more capex $$). … Continue reading

Posted in Atlantic City, Bally, Caesars Entertainment, Chicago, DraftKings, Golden Nugget, Hard Rock International, Marketing, Massachusetts, MGM Resorts International, Movies, Ocean Resort, Rush Street Gaming, Tribal | 1 Comment

Everybody wins; ‘Adele’ debuts; Ohio and Maryland prosper

Let’s start the day with a rare, feel-good story about an invalidated jackpot. Normally, these things go the way of the house. But not this time. On January 8, at Treasure Island, a player named Robert Taylor was playing the … Continue reading

Posted in Apollo Management, Aristocrat, Bally, BetMGM, Boyd Gaming, Caesars Entertainment, Churchill Downs, Cordish Co., DraftKings, Entertainment, FanDuel, Fontainebleau, Golden Gaming, Hard Rock International, Illinois, Louisiana, Macau, Maryland, Massachusetts, MGM Resorts International, Missouri, New York, Ohio, Palms, Penn National, Phil Ruffin, Regulation, Rush Street Gaming, Sports, Sports betting, The Strip, Tribal, United Kingdom, Wall Street, Wynn Resorts | Comments Off on Everybody wins; ‘Adele’ debuts; Ohio and Maryland prosper

Station sets revenue records, Penn less fortunate

Having quietly broken ground on $750 million Durango Station, proud papa Station Casinos announced that despite “some headwinds,” the company had achieved record-level cash flow in 4Q21. “The government’s mask mandate across the state of Nevada remained in place and … Continue reading

Posted in Barstool Sports, BetMGM, Caesars Entertainment, California, Canada, Conventions, Derek Stevens, Downtown, DraftKings, Economy, FanDuel, Hawaii, Health, history, Internet gambling, Louisiana, Marketing, Missouri, New York, Ohio, Palms, Penn National, Pennsylvania, Rush Street Gaming, Sports betting, Station Casinos, Technology, Tourism, Tribal, Wall Street, Wynn Resorts | 3 Comments

Venetian: The fix was in

As usual when billions are on the line, regulators dove under the table regarding the sale of Venelazzo to an unholy alliance of Apollo Management and Vici Properties. Although the Nevada Gaming Control Board cried foul—and rightly so—at the sexual … Continue reading

Posted in Apollo Management, Architecture, Caesars Entertainment, California, Canada, Card rooms, Conventions, Culinary Union, DraftKings, Economy, Election, FanDuel, Florida, IGT, Las Vegas Sands, Massachusetts, Peninsula Pacific, Politics, Real Estate, Regulation, Reno, Sexual misconduct, Sheldon Adelson, Steve Wynn, Taxes, The Strip, Virginia, Wynn Resorts | 1 Comment

Florida: Phhhhht …; Crackdown in Macao; Scandal at Parx

That hissing sound you hear is the air going out of DraftKings‘ and FanDuel‘s electoral balloon. Florida Education Champions, their front group for bringing online sports betting to the Sunshine State, folded its hand, conceding that it can’t get enough … Continue reading

Posted in China, DraftKings, Election, Entertainment, FanDuel, Florida, Greenwood Racing, Horseracing, Las Vegas Sands, Law enforcement, Macau, Marketing, MGM Resorts International, Movies, Pennsylvania, Sports betting | 1 Comment