Category Archives: Eldorado Resorts

Louisiana heats up; Pilgrimage to Plains

Posted on September 24, 2018 by David McKee

Louisiana gamblers were living large in August, leaving 9% more than last year in the slots and on the tables, some $212 million in total. This was especially good for Caesars Entertainment (+12%) and even more so for Boyd Gaming … Continue reading →

Posted in AGA, Boyd Gaming, Caesars Entertainment, Churchill Downs, Eldorado Resorts, Environment, Georgia, GLPI, history, Pinnacle Entertainment, Politics, Regulation, Tilman Fertitta, Tropicana Entertainment | Comments Off

Shelter from the storm; Eldorado enters Atlantic City

Posted on September 14, 2018 by David McKee

Looking for someplace to ride out the storm. Ocean Resort is full through September 15 but comped rooms will be available after that. “We completely understand the concern for families and the community during times like this, so we want to … Continue reading →

Posted in Atlantic City, Bruce Deifik, Carl Icahn, Charity, Churchill Downs, Eldorado Resorts, Entertainment, Environment, International, Internet gambling, Lake Tahoe, Laughlin, Mohegan Sun, Penn National, Pennsylvania, Pinnacle Entertainment, Regulation, Reno, Rush Street Gaming, Technology, The Strip, Wynn Resorts | Comments Off

Atlantic City booms

Posted on September 13, 2018 by David McKee

Casino revenues in Atlantic City were up an astounding 21% in August, with only a 2% decrease in revenue at the incumbent gambling houses. Sports betting was also a hit, grossing $95 million. (Some predict it could surpass Las Vegas … Continue reading →

Posted in Atlantic City, Bruce Deifik, Caesars Entertainment, Dan Gilbert, Detroit, Economy, Eldorado Resorts, Greenwood Racing, Hard Rock International, Internet gambling, Las Vegas Sands, MGM Resorts International, Mohegan Sun, Penn National, Pinnacle Entertainment, Resort fees, Rush Street Gaming, Tilman Fertitta, Tropicana Entertainment, Wall Street | 2 Comments

Hot in August

Posted on September 12, 2018 by David McKee

Regional casinos were the big story last month, with four crucial jurisdictions all posting gains. (So, too, did Iowa but we rarely cover it in S&G because so few of the innumerable casinos make major amounts of revenue.) Maryland hopped … Continue reading →

Posted in Affinity Gaming, Ameristar, Caesars Entertainment, Cordish Co., Dan Gilbert, Eldorado Resorts, Full House Resorts, GLPI, Golden Gaming, Hard Rock International, Indiana, Iowa, Majestic Star, Maryland, MGM Resorts International, Ohio, Penn National, Pinnacle Entertainment, Racinos, Rush Street Gaming, Taxes, Tribal, Tropicana Entertainment | 1 Comment

Project First Light dims; Once and future Horseshoe?

Posted on September 11, 2018 by David McKee

After much hemming and hawing, the Trump administration finally came down off the fence on the Mashpee Wampanoag‘s Project First Light casino, saying it couldn’t see a way forward to taking the land into trust for gaming purposes. U.S. District Court … Continue reading →

Posted in AGA, Baseball, Boyd Gaming, Caesars Entertainment, Dan Gilbert, Detroit, DFS, Dining, Eldorado Resorts, Genting, Kentucky, Massachusetts, Movies, Ohio, Penn National, Politics, Regulation, Rhode Island, Sports, Sports betting, The Strip, Tribal | Comments Off

“A quarter to forget”

Posted on August 21, 2018 by David McKee

That’s what JP Morgan analyst Joseph Greff had to say about 2Q18, adding, “The 2Q18 earnings reporting period in late July/early August was one of the worst in recent memory for U.S. Gaming as stocks with strong earnings/outlooks saw modest … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, Economy, Eldorado Resorts, Environment, MGM Resorts International, Mississippi, Nevada, Penn National, Sports, Sports betting, Station Casinos, Tribal, Wall Street, West Virginia, Wisconsin | Comments Off

‘Net, sports betting slow to ramp in Pennsylvania; Enter the Dragons

Posted on August 20, 2018 by David McKee

Three casinos in Pennsylvania have been cleared for Internet gambling. Of the trio, tiny Mount Airy Casino may loom the largest, being affiliated with both 888 and also PokerStars, which has been having a few issues of late. (Interestingly, Presque Isle … Continue reading →

Posted in Alex Meruelo, Caesars Entertainment, Eldorado Resorts, Greenwood Racing, Internet gambling, Macau, Marketing, Pennsylvania, PokerStars, Regulation, SLS Las Vegas, Sociedade de Jogos de Macau, Sports betting, The Strip | Comments Off

Infamy on the Strip; Baton Rouge obliterated

Posted on August 20, 2018 by David McKee

“Mandalay Bay” is becoming a two-word synonym for infamy. Hotels’ Daily News Service recently bannered a set of dispatches with “What Security Looks Like in post-Mandalay Bay world.” (Subscription required.) As for what Las Vegas looks like in same, well, Lego … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, Churchill Downs, Economy, Eldorado Resorts, GLPI, Isle of Capri, Las Vegas Sands, Louisiana, Mandalay Bay Massacre, MGM Resorts International, Penn National, Pinnacle Entertainment, Resort fees, Tilman Fertitta, Tourism, Wall Street, Wynn Resorts | Comments Off

When in Rome …

Posted on August 16, 2018 by David McKee

… don’t advertise sports betting. Actually you can’t, thanks to a new “Dignity Decree” that was the first priority of Prime Minister Giuseppe Conte‘s right-wing government. The provocation was a proliferation of gaming advertising during Italy‘s World Cup games. As a … Continue reading →

Posted in Arizona, Australia, Baseball, Boyd Gaming, California, Eldorado Resorts, Environment, International, Marketing, Nevada, Penn National, Politics, Problem gambling, Regulation, Sports, Sports betting, Station Casinos, Tribal, TV, Wall Street | Comments Off

Good/bad news for Atlantic City; Pennsylvania just bad

Posted on August 15, 2018 by David McKee

On the face of it, the news from Atlantic City is good: Gambling revenues were up 10% last month. But the same-store comparison (i.e., minus Hard Rock Atlantic City and Ocean Resort) has the city down 9.5%. The haul was … Continue reading →

Posted in Atlantic City, Bruce Deifik, Caesars Entertainment, Dan Gilbert, Detroit, Eldorado Resorts, Greenwood Racing, Hard Rock International, Internet gambling, Las Vegas Sands, Massachusetts, MGM Resorts International, Mohegan Sun, Penn National, Pennsylvania, Pinnacle Entertainment, Racinos, Rush Street Gaming, Sports betting, Tilman Fertitta, Tropicana Entertainment, Wall Street | 1 Comment

Missouri becalmed; Scientific smackdown

Posted on August 13, 2018 by David McKee

One less weekend day was costly to Missouri casinos in July, when their revenue declined 2% to $150.5 million. The Kansas City market had the worst of it, off nearly 4%. Slot revenues ($128.5 million) were down 2% and table … Continue reading →

Posted in Ameristar, Bally Technologies, Caesars Entertainment, Downtown, Elaine Wynn, Eldorado Resorts, history, Isle of Capri, Massachusetts, Missouri, Penn National, Pinnacle Entertainment, Regulation, Scientific Games, Shuffle Master, Technology, Tropicana Entertainment, Wynn Resorts | Comments Off

Casino revenues surge (almost) everywhere

Posted on August 8, 2018 by David McKee

Maryland casino business continues to boom, up 5.5% last month. MGM National Harbor led the pack with $58 million. It will, however, be a source of dismay to ownership that play continues to trend toward highly taxed (60%) slots and … Continue reading →

Posted in Caesars Entertainment, Churchill Downs, Cordish Co., Dan Gilbert, Eldorado Resorts, Galaxy Entertainment, Golden Gaming, Las Vegas Sands, Lawrence Ho, Macau, Maryland, Melco Resorts & Entertainment, MGM Resorts International, Ohio, Penn National, Pinnacle Entertainment, Racinos, Sheldon Adelson, Sociedade de Jogos de Macau, Taxes, West Virginia, Wynn Resorts | Comments Off

MGM gets panned; Eldorado reaps laurels

Posted on August 3, 2018 by David McKee

First, the good news. Park MGM generated $9 million across the last three quarters, which is pretty good when you consider that it’s essentially a construction site. JP Morgan analyst Joseph Greff opines that this partly makes up for “weak” … Continue reading →

Posted in Eldorado Resorts, Florida, Illinois, Japan, Louisiana, Macau, Marketing, Massachusetts, MGM Resorts International, Ohio, Racinos, Reno, Scientific Games, Sports betting, The Strip, Tropicana Entertainment, Wall Street | Comments Off

The pleasant clink of coins

Posted on July 13, 2018 by David McKee

Only Mohegan Sun at Pocono Downs and Lady Luck Nemacolin saw revenue declines at the slot machines last month. All other Pennsylvania casinos were revenue-positive, especially Parx Casino, up 10.5% to $35 million. Another overachiever was Valley Forge Resort Casino, … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, Charity, Churchill Downs, Eldorado Resorts, Genting, Greenwood Racing, Illinois, Las Vegas Sands, Mohegan Sun, Penn National, Pennsylvania, Pinnacle Entertainment, Rush Street Gaming, Slot routes | Comments Off

A tale of four states

Posted on July 10, 2018 by David McKee

Illinois‘ casino industry has never recovered from the Great Recession. We’ll never know if it would have done so but the inception of slot routes has basically nipped any recovery in the bud. As such, the Land of Lincoln will … Continue reading →

Posted in Affinity Gaming, Ameristar, Boyd Gaming, Caesars Entertainment, Centaur Gaming, Dan Gilbert, Economy, Eldorado Resorts, Full House Resorts, GLPI, Illinois, Indiana, Majestic Star, MGM Mirage, Ohio, Penn National, Pinnacle Entertainment, Racinos, Rush Street Gaming, Slot routes, Tribal, Tropicana Entertainment, Wall Street | Comments Off

Churchill Downs deal goes south; Robocops at Pechanga

Posted on July 10, 2018 by David McKee

Early yesterday, Churchill Downs and Eldorado Resorts announced that they were deep-sixing the sale of Eldorado’s Lady Luck Vicksburg, although Churchill Downs’ purchase of Presque Isle Downs remains in play. Evidently, Churchill Downs was uncomfortable with Federal Trade Commission inquiries … Continue reading →

Posted in Arizona, Caesars Entertainment, California, Churchill Downs, Eldorado Resorts, Environment, Mandalay Bay Massacre, Marijuana, Minnesota, Mississippi, Nevada, Pennsylvania, Regulation, Security, Sports betting, Technology, Tribal, Wall Street, World Series of Poker | Comments Off

Penn outperforms in Massachusetts; Horse sense in Indiana

Posted on June 28, 2018 by David McKee

Penn National Gaming had a happy surprise for the Massachusetts Gaming Commission when the latter dropped by Plainridge Park for a look-see. The racino, which the Boston Globe long tried to paint as a failure, has just come off its … Continue reading →

Posted in Boyd Gaming, Centaur Gaming, Downtown, Economy, Eldorado Resorts, Entertainment, Harrah's, Horseracing, Indiana, International, Japan, Law enforcement, Louisiana, Marijuana, Marketing, Massachusetts, Mississippi, Penn National, Pennsylvania, Pinnacle Entertainment, Planet Hollywood, Regulation, Singapore, Taxes, The Strip, Tourism, Wall Street | Comments Off

Penn, Caesars come together; Big bet in smallest state

Posted on June 19, 2018 by David McKee

Penn National Gaming swooped in and bought itself a nice little operating contract in Louisiana, the Margaritaville Casino Resort, for $115 million. Considering that the price translates to 5.5X cash flow, Penn got itself quite a bargain. It’s also a vote … Continue reading →

Posted in Boyd Gaming, Churchill Downs, Eldorado Resorts, GLPI, Harrah's, Illinois, Isle of Capri, Louisiana, Massachusetts, Pennsylvania, Pinnacle Entertainment, Politics, Regulation, Rhode Island, Sports, Taxes, Tilman Fertitta | Comments Off

Big day in New Jersey; Atlantic City slips

Posted on June 14, 2018 by David McKee

Sports betting in New Jersey will go off as planned. As I write this, Monmouth Park is 20 minutes away from taking its first wager, presumably placed on the World Cup by Gov. Phil Murphy (D). “I’m thrilled to be doing … Continue reading →

Posted in Dan Gilbert, Detroit, DFS, Eldorado Resorts, Greenwood Racing, Harrah's, Internet gambling, Isle of Capri, MGM Mirage, Mohegan Sun, Neil Bluhm, Penn National, Pennsylvania, Pinnacle Entertainment, Racinos, Sheldon Adelson, Sports, Tilman Fertitta, Tropicana Entertainment | 1 Comment

Midwest torpor; Freeman says goodbye

Posted on June 11, 2018 by David McKee

A wave of prosperity among Midwest casinos has hit the wall, at least for the near term. Indiana and Missouri joined Illinois, Ohio and Iowa in reporting flat year/year gaming revenues for May. In Indiana, gamblers were losing 15.5% more … Continue reading →

Posted in Ameristar, Boyd Gaming, Brazil, Centaur Gaming, Eldorado Resorts, Full House Resorts, Geoff Freeman, Harrah's, Illinois, Indiana, Internet gambling, Iowa, Isle of Capri, Law enforcement, Macau, Majestic Star, Melco Resorts & Entertainment, Missouri, Ohio, Penn National, Pinnacle Entertainment, Sheldon Adelson, Tribal, Tropicana Entertainment | Comments Off