Category Archives: Eldorado Resorts

This just in …

Posted on November 21, 2017 by David McKee

Eldorado Resorts has pulled out of a planned sale of Isle of Capri Lake Charles to tribally owned Kicks Entertainment. At least one analyst, JP Morgan‘s Daniel Politzer, sees this as a good thing. For starters, Eldorado pockets Kicks’ $20 … Continue reading →

Posted in Boyd Gaming, Eldorado Resorts, Foxwoods, Harrah's, Isle of Capri, Louisiana, Mohegan Sun, Penn National, Pinnacle Entertainment, Politics, Regulation, Tribal, Wall Street | Comments Off on This just in …

Stable in Atlantic City; Saturated in Pennsylvania

Posted on November 16, 2017 by David McKee

Casino business in Atlantic City was flat last month (not bad with one less weekend day), with the surviving casinos grossing $186 million. Internet revenue shot up 23.5% to $20.5 million. Slots were up 1% but tables, where wagering was down … Continue reading →

Posted in Atlantic City, Dan Gilbert, Detroit, Eldorado Resorts, Glenn Straub, Greenwood Racing, Harrah's, Internet gambling, Massachusetts, MGM Mirage, Mohegan Sun, Neil Bluhm, Penn National, Pennsylvania, Pinnacle Entertainment, PokerStars, Racinos, Sheldon Adelson, Tilman Fertitta, Tropicana Entertainment | Comments Off on Stable in Atlantic City; Saturated in Pennsylvania

Bumpy ride in Missouri; Scott vaporized in Maine

Posted on November 13, 2017 by David McKee

Missouri casinos dipped 3% last month (4% in the St. Louis area), a figure that seems bigger than the “unfavorable calendar” excuse covers. Pinnacle Entertainment took a 7.5% haircut at River City ($18 million) while its Ameristar St. Charles was off … Continue reading →

Posted in Affinity Gaming, Ameristar, Eldorado Resorts, Election, Harrah's, International, Isle of Capri, Maine, Missouri, Penn National, Pinnacle Entertainment, Politics, Regulation, Sam Nazarian, SLS Las Vegas, Tribal, Tropicana Entertainment, Vietnam | Comments Off on Bumpy ride in Missouri; Scott vaporized in Maine

Ohio defies the calendar; Pennsylvania vote pricks Adelson’s balloon

Posted on November 8, 2017 by David McKee

Ohio gaming revenues powered up 5.5% last month despite a supposedly “unfavorable” calendar (one less weekend day).  Except for a flat outcome at Thistledown Racino ($9.5 million), everyone was revenue positive for the month. Even Jack Cleveland snapped out of … Continue reading →

Posted in Dan Gilbert, Eldorado Resorts, Genting, Hard Rock International, Internet gambling, Japan, Ohio, Penn National, Pennsylvania, Pinnacle Entertainment, Politics, Racinos, Sheldon Adelson, Singapore, South Korea, Tourism | Comments Off on Ohio defies the calendar; Pennsylvania vote pricks Adelson’s balloon

Reno’s bright future; All-time high for Vegas sports books

Posted on November 3, 2017 by David McKee

We love Reno. It has a river in the middle of downtown, nearby mountains and all the charm that Las Vegas so desperately lacks. It also had a gambling market that was written off for dead 15 years ago. Times … Continue reading →

Posted in Economy, Eldorado Resorts, International, Nevada, Oklahoma, Paragon Gaming, Pennsylvania, Politics, Reno, Sports, Station Casinos, Taxes, Tribal, Wall Street | 1 Comment

“A gambling state without parallel”

Posted on October 30, 2017 by David McKee

It’s up to Pennsylvania Gov. Tom Wolf (D) now. [Update: Wolf got off the fence with uncharacteristic alacrity and signed the bill.) The state House has passed the most sweeping expansion of gambling S&G has ever seen. It includes Internet … Continue reading →

Posted in Eldorado Resorts, Harrah's, Internet gambling, Penn National, Pennsylvania, Politics, Slot routes, Sports, Taxes | Comments Off on “A gambling state without parallel”

Major casino expansion mooted for Pennsylvania; Big wins for Florida, Wisconsin tribes

Posted on October 27, 2017 by David McKee

Gaming expansion is creeping forward in Pennsylvania. The state Senate has passed and sent to the House a bill that would add 10 satellite casinos to the Keystone State. Eldorado Resorts‘ Presque Isle Downs would be juiced in for one … Continue reading →

Posted in Architecture, Eldorado Resorts, Florida, Hard Rock International, Internet gambling, Penn National, Pennsylvania, Politics, Reno, Seminole Tribe, Slot routes, Station Casinos, Taxes, Tribal, Wisconsin | Comments Off on Major casino expansion mooted for Pennsylvania; Big wins for Florida, Wisconsin tribes

Crown in hot water again; Wynn and whimsy

Posted on October 20, 2017 by David McKee

Crown Resorts just can’t stay out of trouble. On the first anniversary (roughly) of the arrest of the Crown 18 in China, the casino giant stands accused of rigging video poker machines. Parliamentary lone wolf and anti-gambling crusader Andrew Wilkie … Continue reading →

Posted in Architecture, Australia, Boyd Gaming, Churchill Downs, Eldorado Resorts, GLPI, Harrah's, Isle of Capri, James Packer, Louisiana, Massachusetts, Pinnacle Entertainment, Regulation, Steve Wynn, The Crown 18, Tilman Fertitta | 2 Comments

Case Bets: Ohio and Indiana

Posted on October 11, 2017 by David McKee

Penn National Gaming had a bonny September in Ohio, up 11% across its four properties. Hollywood Toledo ($16 million) rose 10.5%, Hollywood Columbus ($18 million) gained 9%, Hollywood Dayton ($8 million) was up 12% and Hollywood Mahoning Valley (pictured, $9 million) … Continue reading →

Posted in Ameristar, Boyd Gaming, Dan Gilbert, Eldorado Resorts, Full House Resorts, Hard Rock International, Harrah's, Indiana, Majestic Star, Ohio, Penn National, Pinnacle Entertainment, Racinos, Tropicana Entertainment | Comments Off on Case Bets: Ohio and Indiana

F-blew: Here we go again; Trop makes Hoosier history

Posted on September 19, 2017 by David McKee

Steven Witkoff hasn’t closed on the Fontainebleau sale yet, never mind receiving a gaming license, and he’s already being cast as the savior of the Las Vegas Strip. However, there are some dark clouds on Fontainebleau’s horizon. Despite the $1.3 … Continue reading →

Posted in Carl Icahn, Eldorado Resorts, Fontainebleau, Genting, history, Indiana, Internet gambling, LVCVA, Marketing, Massachusetts, Penn National, Pennsylvania, Regulation, Reno, Steven Witkoff, The Strip, Tropicana Entertainment | 1 Comment

Eldorado: Small is beautiful; Fire sale in the Philippines

Posted on September 14, 2017 by David McKee

Eldorado Resorts CEO Tom Reeg just had a sit-down with Joseph Greff and his JP Morgan colleagues, and clued them into Eldorado’s plans. “We came away encouraged by management’s upbeat tone and positive commentary on Reno trends … and long-term plan … Continue reading →

Posted in Colorado, Dining, Economy, Eldorado Resorts, Florida, Harrah's, Indiana, Isle of Capri, Kazuo Okada, Louisiana, Marketing, Melco Resorts & Entertainment, New York, Philippines, Regulation, Reno, Steve Wynn, Taxes, Tribal, Wall Street | Comments Off on Eldorado: Small is beautiful; Fire sale in the Philippines

Placidity in Indiana; Irma inconveniences card sharps

Posted on September 11, 2017 by David McKee

It was a flat August in the Hoosier State, as casino executives look toward Four Winds Casino in South Bend with trepidation. Perhaps it is the vampiric rise of slot routes in Illinois, but the northern tier of Indiana casinos … Continue reading →

Posted in Ameristar, Boyd Gaming, Dan Lee, Eldorado Resorts, Environment, Florida, Full House Resorts, GLPI, Harrah's, Illinois, Indiana, Isle of Capri, MGM Mirage, Missouri, Penn National, Pinnacle Entertainment, Racinos, Seminole Tribe, The Strip, Tribal, Tropicana Entertainment, Wall Street, World Series of Poker | Comments Off on Placidity in Indiana; Irma inconveniences card sharps

Illinois lackluster, Ohio strong; New attraction for Strip

Posted on September 8, 2017 by David McKee

Illinois is coming off a flat August. The good news is that it’s an improvement on last year’s 2% decline. The bad news is that the lost business doesn’t appear to be coming back. Deutsche Bank analyst Carlo Santarelli reports … Continue reading →

Posted in Boyd Gaming, Dining, Eldorado Resorts, Entertainment, GLPI, Hard Rock International, Harrah's, Illinois, MGM Mirage, Neil Bluhm, Ohio, Penn National, Pinnacle Entertainment, Racinos, The Strip, Wall Street | Comments Off on Illinois lackluster, Ohio strong; New attraction for Strip

Fertitta scourges Pelican State rules; Macao biz booms for Wynn

Posted on August 21, 2017 by David McKee

“Let’s not kid ourselves: that barge is concrete. It’s not going anywhere.” With those words, Tilman Fertitta launched one of several broadsides at absurd Louisiana regulations on casinos. Not only do Pelican State casinos still have to sit in water, … Continue reading →

Posted in Boyd Gaming, Churchill Downs, Eldorado Resorts, Entertainment, Environment, Foxwoods, GLPI, Greenwood Racing, Harrah's, Internet gambling, Iowa, Isle of Capri, Japan, Louisiana, Macau, MGM Mirage, Pennsylvania, Pinnacle Entertainment, Politics, Problem gambling, Racinos, Regulation, Sheldon Adelson, Steve Wynn, Tilman Fertitta, Tropicana Entertainment, Warner Gaming | Comments Off on Fertitta scourges Pelican State rules; Macao biz booms for Wynn

Freeman hearts Atlantic City; Big win for Martinez

Posted on August 11, 2017 by David McKee

American Gaming Association President Geoff Freeman gave Atlantic City the thumbs-up this week, pointing to the reinvention of Trump Taj Mahal as Hard Rock Atlantic City and to the as-yet-undisclosed joint venture between Caesars Entertainment and MGM Resorts International. He … Continue reading →

Posted in Atlantic City, Bally Technologies, Detroit, Dining, e-sports, Eldorado Resorts, Florida, Geoff Freeman, Glenn Straub, Hard Rock International, Harrah's, Internet gambling, Isle of Capri, MGM Mirage, Politics, Revel, Seminole Tribe, Taxes, Tribal | Comments Off on Freeman hearts Atlantic City; Big win for Martinez

Smoke in their eyes; Trump in Macao a “long shot”

Posted on August 11, 2017 by David McKee

Casinos in Baton Rouge are going to have to stub out those cigarettes and get ready for a smoke-free existence. The Metropolitan Council of the City of Baton Rouge & Parish of East Baton Rouge voted to approve an ordinance banning smoking … Continue reading →

Posted in Ameristar, Donald Trump, Eldorado Resorts, Environment, GLPI, Harrah's, Isle of Capri, Macau, Penn National, Pennsylvania, Pinnacle Entertainment, Tropicana Entertainment, Wall Street | Comments Off on Smoke in their eyes; Trump in Macao a “long shot”

Station’s “weakness” a strength; Ohio bucks the odds

Posted on August 9, 2017 by David McKee

Looking back at Station Casinos’ 2Q17 results, Deutsche Bank analyst Carlo Santarelli noted that the picture was clouded by construction activity at Palace Station and the Palms. But, while short-term investors would likely have their patience tested, he wrote, “we think long … Continue reading →

Posted in Ameristar, Boyd Gaming, Dan Gilbert, Dan Lee, Economy, Eldorado Resorts, Full House Resorts, GLPI, Hard Rock International, Harrah's, Indiana, Majestic Star, Ohio, Penn National, Pinnacle Entertainment, Racinos, Station Casinos, Tropicana Entertainment, Wall Street | Comments Off on Station’s “weakness” a strength; Ohio bucks the odds

Louisiana: Hot in June

Posted on July 21, 2017 by David McKee

Gambling revenues in the Pelican State enjoyed a 5% jump last month, reaching $213 million (not counting slot routes). How good was business? The “worst performing” market, Lake Charles, was up 1%. L’Auberge du Lac ($27 million) had an aberrantly … Continue reading →

Posted in Boyd Gaming, California, Churchill Downs, Eldorado Resorts, GLPI, Harrah's, Isle of Capri, Law enforcement, Louisiana, Penn National, Pinnacle Entertainment, Racinos, Tilman Fertitta, Tribal, Tropicana Entertainment | Comments Off on Louisiana: Hot in June

Cuomo’s missed bet; Next stop, Vietnam

Posted on July 13, 2017 by David McKee

Resorts World Catskills still hasn’t weighed in and yet it’s already looking like New York Gov. Andrew Cuomo‘s bet on upstate casinos has crapped out. After an initial flurry of lookie-lous, the first three casinos are struggling to regain their … Continue reading →

Posted in Economy, Eldorado Resorts, Genting, Internet gambling, Iowa, Japan, Neil Bluhm, New York, Pennsylvania, Politics, Regulation, Slot routes, Vietnam | Comments Off on Cuomo’s missed bet; Next stop, Vietnam

Good news across the Midwest; Pennsylvania blows it (again)

Posted on July 10, 2017 by David McKee

An extra weekend day may have made all the difference for Illinois, where gross gaming revenues rose 2% last month. The good news was spread pretty evenly throughout the market, except at Jumer’s Casino Rock Island, which slipped 6%, to … Continue reading →

Posted in Affinity Gaming, Ameristar, Boyd Gaming, Dan Gilbert, Dan Lee, Eldorado Resorts, Full House Resorts, GLPI, Harrah's, Illinois, Indiana, Internet gambling, Isle of Capri, Majestic Star, MGM Mirage, Missouri, Neil Bluhm, Ohio, Penn National, Pennsylvania, Pinnacle Entertainment, Politics, Racinos, Tropicana Entertainment | Comments Off on Good news across the Midwest; Pennsylvania blows it (again)