Category Archives: Economy

Quote of the Day

Posted on May 20, 2020 by David McKee

“We’re playing this game—and it’s a real one—with the virus and the economy at the same time. And it’s really important for people to step up and recognize and understand that this game’s not over. People need to continue to use their … Continue reading →

Posted in Economy, Health, Massachusetts | Comments Off on Quote of the Day

Wynn vs. Covid-19; Louisiana casinos reopen with a bang

Posted on May 19, 2020 by David McKee

Are high-rollers immune to Covid-19? Guess so. They’re the only ones who’ll be allowed to play craps when Wynncore and Encore Boston Harbor reopen. Truth to tell, blowing on dice seems kind of creepy in the age of Coronavirus, even … Continue reading →

Posted in AGA, Boyd Gaming, Caesars Entertainment, DraftKings, Economy, Entertainment, FanDuel, Greenwood Racing, Health, Internet gambling, Louisiana, Massachusetts, Penn National, Pennsylvania, Rush Street Gaming, South Dakota, Sports betting, The Strip, Wynn Resorts | Comments Off on Wynn vs. Covid-19; Louisiana casinos reopen with a bang

Good news from MGM, Mississippi; Musk stops boring

Posted on May 19, 2020 by David McKee

UPDATE: It’s official. MGM Resorts International says it is abandoning parking fees once the shutdown ends. We never thought it would happen so … hallelujah! Score one for the consumer. Mississippi casinos reopen Thursday and while the current pandemic may have … Continue reading →

Posted in California, Charity, Dining, Economy, Georgia, Lotteries, LVCVA, M Resort, MGM Resorts International, Mississippi, Penn National, Resort fees, Sports, Taxes, Texas, Transportation, TV | Comments Off on Good news from MGM, Mississippi; Musk stops boring

July resumption for Mass casinos; Room rates rebound

Posted on May 18, 2020 by David McKee

Casinos in Massachusetts now know when they can reopen … more or less. Gov. Charlie Baker (R) has laid out of one of the toughest reopening regimens in the U.S. It will proceed in four phases, each phase—beginning today—lasting three weeks. … Continue reading →

Posted in Caesars Entertainment, California, Derek Stevens, Downtown, Economy, Entertainment, Health, Las Vegas Sands, Massachusetts, MGM Resorts International, Oscar Goodman, Penn National, Politics, Real Estate, Regulation, Station Casinos, The Strip, Tribal, Wall Street, Wynn Resorts | Comments Off on July resumption for Mass casinos; Room rates rebound

Cosmo to Hard Rock?; Caesars dwarfs Eldorado

Posted on May 15, 2020 by David McKee

VitalVegas is a veritable font of Las Vegas Strip scuttlebutt. Among its recent rumor-chases was the tantalizing hint that Planet Hollywood was going to go smoke-free. (Official word from Caesars Entertainment: “Untrue.” End of story.) Also, author Scott Roeben is … Continue reading →

Posted in Caesars Entertainment, Cosmopolitan, Dining, Economy, Eldorado Resorts, Hard Rock International, MGM Resorts International, Nevada, Penn National, Planet Hollywood, Real Estate, Seminole Tribe | Comments Off on Cosmo to Hard Rock?; Caesars dwarfs Eldorado

Quote of the Day

Posted on May 15, 2020 by David McKee

“The players union just will never get it. People dying, out of work, can’t pay their mortgage, no Senior proms, MLB abbreviated draft to disrupt lifelong dreams, and people need a diversion, and Tony Clark (head of the players’ union) … Continue reading →

Posted in Baseball, Economy | 1 Comment

Vegas casinos can reopen, sorta; Hard Rock returns

Posted on May 15, 2020 by David McKee

Want to go back to a Las Vegas casino? Now you can. In a well-meant directive that seems to be sowing a certain amount of confusion, the Nevada Gaming Control Board stated that during the current Phase I, casinos could … Continue reading →

Posted in Caesars Entertainment, Cosmopolitan, Cretins, Dining, Economy, Georgia, Hard Rock International, Lotteries, Maryland, Massachusetts, Movies, Oregon, Penn National, Real Estate, Sahara, Steven Witkoff, The Strip, Virgin Hotels | 2 Comments

Rodio steps up; A kinder, gentler restart

Posted on May 14, 2020 by David McKee

Unlike some leaders in our federal government, Caesars Entertainment CEO Anthony Rodio has the stones to be seen wearing a health mask in public, as he does in a new video message to Caesars customers. Without going into the exhaustive … Continue reading →

Posted in Caesars Entertainment, Economy, Health, Las Vegas Sands, MGM Resorts International, Station Casinos, The Strip, Wynn Resorts | 4 Comments

New York state of mind; Moody blues for Las Vegas

Posted on May 13, 2020 by David McKee

Like Massachusetts casinos, those in New York are not expected to reopen until July. Lago Resort & Casino General Manager Lance Young told journalist James Rutherford he’s monitoring reopening protocols as far away as Macao but has received no concrete … Continue reading →

Posted in Economy, Health, Horseracing, Internet gambling, Lotteries, Maryland, MGM Resorts International, Michael Gaughan, Nevada, New York, Oklahoma, Penn National, Regulation, Rush Street Gaming, Sports, Sports betting, Taxes, Tribal, Wall Street | Comments Off on New York state of mind; Moody blues for Las Vegas

Play ball!; Wall Street hearts casinos

Posted on May 12, 2020 by David McKee

Handwaving questions about maintaining player safety and how to recompense their employees, Major League Baseball rolled out a plan for belatedly starting the 2020 season around the traditional All-Star Break. The owners are not without their priorities: The sacred Designated … Continue reading →

Posted in Arizona, Baseball, Caesars Entertainment, Economy, Entertainment, Health, Japan, Las Vegas Raiders, Resort fees, Sports, The Strip, Tribal, Wall Street | 3 Comments

Barrack screws up (again); Boyd reopens … somewhat

Posted on May 12, 2020 by David McKee

Colony Capital CEO Tom Barrack is back in the news and, as usual, not in a good way. His REIT has defaulted on $3.2 billion in loans secured by 157 hotel and healthcare properties. That’s three-quarters of his holdings. Prior to … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, Colony Capital, Downtown, Economy, Health, history, North Carolina, Penn National, The Strip, Tribal, Wall Street, Wynn Resorts | 4 Comments

Boston buoys Wynn, Penn leans on Barstool

Posted on May 11, 2020 by David McKee

Wynn Resorts was one of three biggies to report 1Q20 results late last week and the Las Vegas Strip was the least of its problems. Wynn Las Vegas and Encore had net revenue of $324 million, down 19% from last … Continue reading →

Posted in Atlantic City, Caesars Entertainment, CityCenter, DraftKings, Economy, FanDuel, Florida, Golden Gaming, history, Illinois, Indiana, Internet gambling, Las Vegas Sands, Macau, Maine, Marketing, Maryland, Massachusetts, MGM Resorts International, Penn National, Pennsylvania, Slot routes, Sports, Sports betting, Taxes, The Strip, Tourism, Wall Street, Wynn Resorts | 3 Comments

Roy Horn, R.I.P.; Tourism on life support

Posted on May 9, 2020 by David McKee

Now every John Q. Public in America knows someone who has died of Covid-19. That someone is erstwhile magician Roy Horn, who died at age 75 of Coronavirus complications. Horn had been involuntarily retired from show business since 2003 when … Continue reading →

Posted in Dining, Economy, Entertainment, Health, International, Phil Ruffin, Regulation, The Strip, Tourism, Transportation | Comments Off on Roy Horn, R.I.P.; Tourism on life support

Nevada begins reopening sooner than expected

Posted on May 8, 2020 by David McKee

What do brothels and casinos have in common? (Some would say you get screwed in both.) Neither can reopen during Phase One of Gov. Steve Sisolak‘s multi-stage resumption of business as usual in Nevada, starting tomorrow. Most of the continuing closures … Continue reading →

Posted in Caesars Entertainment, Conventions, Cretins, Dining, Economy, Entertainment, G2E, Health, Massachusetts, Nevada, Technology, The Strip, Wynn Resorts | 3 Comments

Creative responses to a crisis

Posted on May 7, 2020 by David McKee

Leave it to Derek Stevens to find a way to literally drive sports-betting business in Downtown. Starting this morning, Circa Sports began taking curbside sports bets at the Golden Gate. You pull up, flash your cash (or plastic) and a … Continue reading →

Posted in Caesars Entertainment, California, Culinary Union, Derek Stevens, Dining, Downtown, e-sports, Economy, Health, Law enforcement, MGM Resorts International, Nevada, Penn National, Regulation, Sports, Sports betting, Taxes, The Strip, Tourism, Transportation, Tribal, Wall Street | 2 Comments

Culinary: Do more; Pent-up demand?

Posted on May 6, 2020 by David McKee

Although Nevada regulators seem to think that companies like Las Vegas Sands and Wynn Resorts are going too far with their reopening protocols the Culinary Union begs to differ. Noting that 15 Culinary members or family members have died of … Continue reading →

Posted in Culinary Union, Economy, Health, Las Vegas Sands, Nevada, Regulation, Unite-Here, Wynn Resorts | 2 Comments

Everybody out of the pool!; Lean times in Indian Country

Posted on May 5, 2020 by David McKee

We were overly optimistic on when Nevada casinos can reopen. Gov. Steve Sisolak (D) has postponed that move until phase three or four of his four-step plan … which is also contingent on a two-week decline in new Coronavirus cases. … Continue reading →

Posted in Economy, Entertainment, Galaxy Entertainment, Hard Rock International, Health, International, Internet gambling, Macau, MGM Resorts International, Michigan, Mohegan Sun, Nevada, New Jersey, Regulation, Tribal, World Series of Poker, Wynn Resorts | Comments Off on Everybody out of the pool!; Lean times in Indian Country

Churchill Downs curbs plans; Murren’s big payday

Posted on May 4, 2020 by David McKee

In its 1Q20 earnings call Churchill Downs announced some significant retrenchments. Although the company is comfortably liquid ($701 million in the kitty) it’s put four expansions on hold: Rivers Casino Des Plaines, an enlargement of Miami Valley Gaming, a $300 … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, Churchill Downs, Economy, Health, Horseracing, Illinois, Internet gambling, Jim Murren, Las Vegas Sands, Massachusetts, MGM Resorts International, Regulation, Sheldon Adelson, Station Casinos, Wall Street, Wynn Resorts | 1 Comment

Shakeup at MGM, layoffs at Station

Posted on May 4, 2020 by David McKee

In a late-Friday night of the long knives, MGM Resorts International let go four property presidents. The official nomenclature is “laid-off” but we strongly suspect, given MGM’s history, that this prefaces a streamlining and centralization of authority. Out the door were … Continue reading →

Posted in Boyd Gaming, California, CityCenter, Culinary Union, Economy, Las Vegas Sands, Macau, Massachusetts, MGM Resorts International, Penn National, Phil Ruffin, Station Casinos, The Strip, Wynn Resorts | 5 Comments

Maddox gets ants in his pants; Sports start to stir

Posted on May 1, 2020 by David McKee

As part of the Business Roundtable at the White House, CEO Matt Maddox got to stump for Wynn Resorts‘ mid-pandemic reopening protocol. Maddox said that (amazingly) University Medical Center facilities “don’t have enough people to test. So I’ve signed a deal … Continue reading →

Posted in Alex Meruelo, Caesars Entertainment, Culinary Union, Economy, GLPI, Health, Reno, South Korea, Sports, Stanley Ho, The Strip, Wynn Resorts | 2 Comments