Category Archives: Eldorado Resorts

Churchill Downs hearts casinos; Cleveland still not rocking

Posted on June 8, 2018 by David McKee

Churchill Downs is going all-in on sports betting, planning to leverage its (soon-to-be) access to the Pennsylvania and Mississippi markets, plus its relationship with the Golden Nugget in Atlantic City. However, the sky-high tax rate (34%) in Pennsylvania may translate … Continue reading →

Posted in Atlantic City, Churchill Downs, Dan Gilbert, Eldorado Resorts, GLPI, Hard Rock International, International, Kentucky, Law enforcement, Macau, MGM Mirage, Mississippi, Ohio, Penn National, Pennsylvania, Pinnacle Entertainment, Racinos, Sociedade de Jogos de Macau, Sports, Taxes, Wall Street | Comments Off on Churchill Downs hearts casinos; Cleveland still not rocking

Las Vegas thrives; Palms ad backfires

Posted on May 30, 2018 by David McKee

Yesterday, we spotlit the Debbie Downer view of Las Vegas of one online columnist. And while a lengthy slide in visitation numbers remains a concern, dark and anecdotal snapshots of Sin City are contradicted by the numbers. The latter are … Continue reading →

Posted in Boyd Gaming, Cosmopolitan, Eldorado Resorts, George Maloof, Harrah's, Horseracing, Illinois, Indiana, Laughlin, Macau, Marketing, MGM Mirage, Mississippi, Palms, Pennsylvania, Politics, Racinos, Reno, Sheldon Adelson, Slot routes, Station Casinos, Tribal, Wall Street, Wynn Resorts | 2 Comments

Atlantic City: Calm before the storm; Stormy weather in Louisiana

Posted on May 15, 2018 by David McKee

Atlantic City was stable last month, defying an unfavorable calendar (one less weekend day) and grossing $191.5 million, while online gambling had its second-best-ever month, pulling in $23 million (+10.5%). Slot handle was down 3.5%, as was revenue, while a … Continue reading →

Posted in Atlantic City, Boyd Gaming, Bruce Deifik, Columbia Sussex, Dan Gilbert, Detroit, Eldorado Resorts, GLPI, Greenwood Racing, Hard Rock International, Harrah's, Illinois, Internet gambling, Isle of Capri, Louisiana, MGM Mirage, Mohegan Sun, Neil Bluhm, Penn National, Pennsylvania, Pinnacle Entertainment, Sheldon Adelson, Slot routes, Tilman Fertitta, Tropicana Entertainment | Comments Off on Atlantic City: Calm before the storm; Stormy weather in Louisiana

Sports betting: A new era

Posted on May 15, 2018 by David McKee

Yesterday, the Supreme Court handed down its much anticipated ruling in Murphy v. NCAA and it was pure win for states and casinos itching to offer legalized sports betting, although there was some predictable disapproval. As Arizona Attorney General Mark … Continue reading →

Posted in Arizona, Atlantic City, Boyd Gaming, Delaware, DFS, Eldorado Resorts, Election, Geoff Freeman, Harrah's, IGT, Illinois, Law enforcement, Maryland, Massachusetts, MGM Mirage, Mississippi, Nevada, New York, Penn National, Politics, Regulation, Rhode Island, Scientific Games, Sports, Texas, Tilman Fertitta, Tribal, Wall Street, West Virginia | Comments Off on Sports betting: A new era

How much for a used Dragon?; Indiana good, Missouri ‘meh’

Posted on May 10, 2018 by David McKee

Believe it or not, there is “a lot of interest in the property at this time” according to Lucky Dragon Casino owner Andrew Fonfa, a contention independently verified by the Las Vegas Review-Journal. That being said, a Lucky Dragon sale is … Continue reading →

Posted in Affinity Gaming, Ameristar, Architecture, Boyd Gaming, Centaur Gaming, Eldorado Resorts, Environment, Full House Resorts, GLPI, Harrah's, Horseracing, IGT, Indiana, Isle of Capri, Lucky Dragon, Majestic Star, Missouri, Penn National, Pinnacle Entertainment, Racinos, Taxes, The Strip, Tribal, Wall Street, Wisconsin | Comments Off on How much for a used Dragon?; Indiana good, Missouri ‘meh’

Ohio good, Maryland better; The mystery of Carrot Top

Posted on May 8, 2018 by David McKee

Last month found the State of Maryland in good health when it came to gaming revenue, up 6%. Most of this was driven — one is tempted to say “of course” — by MGM National Harbor, vaulting 15.5% for an … Continue reading →

Posted in Churchill Downs, Cordish Co., Dan Gilbert, Economy, Eldorado Resorts, Entertainment, Environment, GLPI, Hard Rock International, Harrah's, Macau, Maryland, Massachusetts, MGM Mirage, Ohio, Penn National, Pinnacle Entertainment, Racinos, Sheldon Adelson, Sociedade de Jogos de Macau, Taxes, The Strip, Transportation, West Virginia | Comments Off on Ohio good, Maryland better; The mystery of Carrot Top

Las Vegas numbers perplex; Macao shatters expectations

Posted on May 4, 2018 by David McKee

While Las Vegas, as mentioned earlier, is slogging through a 10-month visitation slump, you wouldn’t know it from March’s gaming-revenue numbers, which were 9% higher on the Las Vegas Strip ($574 million), although locals casinos took a 5% hit. Deutsche … Continue reading →

Posted in Atlantic City, Boulder Strip, Boyd Gaming, California, Colorado, Delaware, Downtown, Economy, Eldorado Resorts, Entertainment, Florida, Galaxy Entertainment, Harrah's, Illinois, Lake Tahoe, Laughlin, Macau, Melco Resorts & Entertainment, Mesquite, MGM Mirage, Mississippi, Nevada, New York, North Las Vegas, Ohio, Penn National, Reno, Rhode Island, Sheldon Adelson, Sociedade de Jogos de Macau, The Strip, Wall Street, West Virginia, Wisconsin, Wynn Resorts | 1 Comment

Elaine calls the shots; Now it’s Encore Boston Harbor

Posted on May 3, 2018 by David McKee

Wynn Resorts has been ceding to the wishes of Elaine Wynn of late but it got its back up when she demanded the removal of board member John Jay Hagenbuch. Ms. Wynn views him as a crony of her ex-husband … Continue reading →

Posted in Atlantic City, Colorado, Elaine Wynn, Eldorado Resorts, Entertainment, Florida, Foxwoods, Hard Rock International, International, Internet gambling, Isle of Capri, Macau, Massachusetts, MGM Mirage, Mississippi, Mohegan Sun, Moulin Rouge, Politics, Regulation, Revel, Steve Wynn, Tilman Fertitta, TV, Wynn Resorts | 3 Comments

Dubious honor for Nevada; GLPI’s big gulp

Posted on April 24, 2018 by David McKee

Nevada is used to getting WalletHub accolades but here’s one it didn’t want and would probably prefer to see swept under the rug … most gambling-addicted state in the U.S. And why not? There are very few states in the … Continue reading →

Posted in Atlantic City, Boyd Gaming, Eldorado Resorts, GLPI, Harrah's, Hawaii, Illinois, Louisiana, MGM Mirage, Mississippi, Missouri, Nebraska, Nevada, Penn National, Pinnacle Entertainment, Problem gambling, Regulation, South Dakota, Tropicana Entertainment, Unite-Here | Comments Off on Dubious honor for Nevada; GLPI’s big gulp

MGM plays games with tribes, MGM Springfield, as Zinke steps in it

Posted on April 24, 2018 by David McKee

As various non-gaming related scandals gain critical mass around ersatz geologist and Secretary of the Interior Ryan Zinke, he’s found himself front and center in a casino mess in Connecticut. Seems that Zinke turned a deaf ear to career Interior … Continue reading →

Posted in Boyd Gaming, Donald Trump, Eldorado Resorts, Foxwoods, Genting, Harrah's, International, Massachusetts, MGM Mirage, Mohegan Sun, Penn National, PokerStars, Politics, Regulation, Sheldon Adelson, Sports, Wall Street, Wynn Resorts | 1 Comment

Quote of the Day

Posted on April 23, 2018 by David McKee

“In 2017 [Grand Victoria] posted revenue of $168.7 million, up from $163.5 million in 2016, according to the Illinois Gaming Board. Its revenue has steadily declined since 2007 after a peak of $436.7 million, and employees have decreased from 2,500 to … Continue reading →

Posted in Economy, Eldorado Resorts, Illinois, MGM Mirage | Comments Off on Quote of the Day

They gave a casino and nobody came

Posted on April 20, 2018 by David McKee

Yet again the Commonwealth of Pennsylvania has held an auction for a mini-casino and not received a single bid. This is a mixed blessing, as the auctions to date have raised far more money than legislators thought they would. However, … Continue reading →

Posted in Architecture, Eldorado Resorts, Florida, Macau, Pennsylvania, Politics, Seminole Tribe, Sheldon Adelson | Comments Off on They gave a casino and nobody came

Looking for change in Illinois; Copperfield goes “Poof!”

Posted on April 19, 2018 by David McKee

Grand Victoria is such small potatoes in the MGM Resorts International portfolio that the Elgin riverboat’s management used to be farmed out to co-owner Hyatt Gaming (since succeeded by the Pritzker family’s RBG). The Elgin City Council is hoping that … Continue reading →

Posted in Arizona, California, Charity, Donald Trump, Eldorado Resorts, Entertainment, Environment, Illinois, MGM Mirage, Slot routes, Taxes, Transportation, Tribal | Comments Off on Looking for change in Illinois; Copperfield goes “Poof!”

Japan “better than feared.” Mixed bag in Louisiana

Posted on April 17, 2018 by David McKee

How do evolving casino casino regulations in Japan look? Well, how does ‘not as bad as expected’ sound? Trust me, that’s good news. And don’t take my word: Take that of Morgan Stanley. Taxes will be set at 30%, which … Continue reading →

Posted in Boyd Gaming, Churchill Downs, Dan Gilbert, Detroit, Eldorado Resorts, Florida, Galaxy Entertainment, GLPI, Harrah's, Isle of Capri, Japan, Louisiana, Marijuana, Massachusetts, MGM Mirage, Nevada, Penn National, Philippines, Pinnacle Entertainment, Politics, Sheldon Adelson, Taxes, Tilman Fertitta, Tropicana Entertainment, Wall Street | Comments Off on Japan “better than feared.” Mixed bag in Louisiana

Icahn out, Eldorado in; Caesars balks at Hoosier fee

Posted on April 16, 2018 by David McKee

Carl Icahn was in a selling mood last weekend, cashing out of Tropicana Entertainment. The buyer was Eldorado Resorts, which paid Icahn $1.85 billion, then flipped nearly all the physical assets to Gaming & Leisure Properties for $1.2 billion. Not content … Continue reading →

Posted in Ameristar, Atlantic City, Carl Icahn, Centaur Gaming, Charity, Dining, Eldorado Resorts, Florida, GLPI, Hard Rock International, Illinois, Indiana, International, Internet gambling, Iowa, Lake Tahoe, Laughlin, Law enforcement, Louisiana, Massachusetts, MGM Mirage, Mississippi, Penn National, Pennsylvania, Regulation, Seminole Tribe, Tropicana Entertainment, Wall Street | 1 Comment

Bumpy month for Atlantic City; Stanley Ho has left the building

Posted on April 13, 2018 by David McKee

Winter has not been kind to Atlantic City, with gaming revenues down 3.5% in March ($193 million). At least Internet gaming is a bastion of strength, 17.5% more productive last month, with Golden Nugget dominating that sector with 34% market … Continue reading →

Posted in Atlantic City, Churchill Downs, Dan Gilbert, Detroit, Eldorado Resorts, Greenwood Racing, Harrah's, Internet gambling, Law enforcement, Louisiana, Macau, MGM Mirage, Mohegan Sun, Neil Bluhm, Pansy Ho, Penn National, Pennsylvania, Pinnacle Entertainment, Regulation, Sheldon Adelson, Sociedade de Jogos de Macau, Stanley Ho, The Mob, Tilman Fertitta, Tropicana Entertainment | Comments Off on Bumpy month for Atlantic City; Stanley Ho has left the building

Midwest roundup

Posted on April 10, 2018 by David McKee

Business was booming in Ohio, where the state’s casino industry saw revenues increase 9%. Hollywood Columbus ($22.5 million) was up 8.5% while Hollywood Toledo ($20 million) they gained 8%. Hollywood Dayton (+9%) and Hollywood Mahoning Valley (+13%) were phat, with … Continue reading →

Posted in Affinity Gaming, Ameristar, Boyd Gaming, Dan Gilbert, Eldorado Resorts, GLPI, Isle of Capri, Missouri, Ohio, Penn National, Pinnacle Entertainment, Tropicana Entertainment | Comments Off on Midwest roundup

Shocker: Hard Rock Rocksino sold; New top man at SLS

Posted on April 5, 2018 by David McKee

Despite being the dominant racino operator — hell, gaming operator — in Ohio, it seems that Hard Rock International is throwing in the towel. It’s selling Hard Rock Rocksino to MGM Growth Properties. Early Wall Street speculation is that we’re … Continue reading →

Posted in ACEP, Affinity Gaming, Alex Meruelo, Boyd Gaming, Colorado, Economy, Eldorado Resorts, Florida, GLPI, Golden Gaming, Hard Rock International, Harrah's, Illinois, Isle of Capri, MGM Mirage, Neil Bluhm, Ohio, Penn National, Pennsylvania, Pinnacle Entertainment, Reno, SLS Las Vegas, The Strip, Wall Street | 3 Comments

Steve Wynn has left the building; Packer out, too

Posted on March 23, 2018 by David McKee

Wynn Resorts now has 100% less Steve Wynn now that the mogul has sold his entire stake in the company. At first blush this looks like a passive-aggressive lashing out at a firm that is now moving forward. However, Wynn … Continue reading →

Posted in Australia, Boyd Gaming, Crown Resorts, Eldorado Resorts, Entertainment, Galaxy Entertainment, James Packer, Kazuo Okada, Massachusetts, Regulation, Reno, Sexual misconduct, Station Casinos, Steve Wynn, Technology, The Strip, Wall Street, Wynn Resorts | 1 Comment

Fertitta conquers Lake Charles; Parking fees rise again

Posted on March 20, 2018 by David McKee

Gambling revenue in Louisiana was flat last month, but the bottom-line number doesn’t tell the whole story. For instance, Lake Charles was up 8.5% and trouble-plagued Baton Rouge was 10.5% down. In the former market, Golden Nugget vaulted 21%, to … Continue reading →

Posted in Boyd Gaming, Churchill Downs, CityCenter, Derek Stevens, Downtown, Eldorado Resorts, GLPI, Harrah's, Isle of Capri, Louisiana, MGM Mirage, Penn National, Pinnacle Entertainment, Resort fees, The Strip, Tilman Fertitta, Tropicana Entertainment, Wynn Resorts | 1 Comment