Category Archives: Eldorado Resorts

Pinnacle wins, Boyd loses in Louisiana

Posted on June 20, 2017 by David McKee

After a fairly calamitous May of 2016, last month was smooth sailing for Louisiana casinos, up 6% overall. True, Shreveport/Bossier City was flat but Lake Charles rose 9%, New Orleans increased 5% and Baton Rouge — look out! — was … Continue reading →

Posted in Boyd Gaming, Churchill Downs, Eldorado Resorts, GLPI, Harrah's, Louisiana, Pinnacle Entertainment, Tilman Fertitta, Tropicana Entertainment | Comments Off

Sands Bethlehem sale fizzles; Packer peddles Alon acreage

Posted on May 25, 2017 by David McKee

For the second time, Las Vegas Sands has decided that Sands Bethlehem was too valuable to sell, especially after it set a state record for table game revenue. (Earlier, Sands was bruited to be in talks with Tropicana Entertainment to … Continue reading →

Posted in Atlantic City, Charity, Eldorado Resorts, Harrah's, Internet gambling, Iowa, Isle of Capri, James Packer, Macau, Melco Crown Entertainment, MGM Mirage, Pennsylvania, Phil Ruffin, Sheldon Adelson, Slot routes, Steve Wynn, The Strip, Tropicana Entertainment | Comments Off

Tables buoy Pennsylvania; Oregon poker rooms in peril

Posted on May 19, 2017 by David McKee

It was table games to the rescue in Pennsylvania, in a record-setting performance, which saw casino winnings up 10% last month at the tables, while slots were down 1.5%. State leader was, as usual, Parx Casino, grossing $49 million for … Continue reading →

Posted in Eldorado Resorts, GLPI, Greenwood Racing, Harrah's, history, Isle of Capri, MGM Mirage, Mohegan Sun, Neil Bluhm, Oregon, Penn National, Pennsylvania, Pinnacle Entertainment, Politics, Sheldon Adelson, Transportation | Comments Off

Pelican Brief; Miami Beach bans casinos

Posted on May 16, 2017 by David McKee

Despite having one less weekend day this year, April was a good month for Louisiana, as gambling revenue rose 5%. The growth was especially dramatic in the Pelican State market, up 19%. By contrast, Shreveport/Bossier City was down 3%. The increase … Continue reading →

Posted in Boyd Gaming, Eldorado Resorts, Galaxy Entertainment, GLPI, Hard Rock International, Harrah's, Isle of Capri, Japan, Louisiana, MGM Mirage, Oklahoma, Pinnacle Entertainment, Sheldon Adelson, Singapore, Technology, The Strip, Tilman Fertitta, Tribal, Tropicana Entertainment, TV, Wall Street | Comments Off

No casino is an Isle-and; Florida fails again

Posted on May 4, 2017 by David McKee

Eldorado Resorts took another big step toward gaming’s major leagues with its acquisition of Isle of Capri Casinos, a deal that closed earlier this week. The purchase gives Eldorado 12 more casinos, including a presence in the important Lake Charles … Continue reading →

Posted in Dan Gilbert, Eldorado Resorts, Florida, GLPI, Hard Rock International, history, Internet gambling, Isle of Capri, Japan, Louisiana, Ohio, Penn National, Pennsylvania, Politics, Reno, Seminole Tribe, Technology | Comments Off

Warming trend continues in Macao; Shifty dealings in Maine

Posted on May 2, 2017 by David McKee

Gaming revenues in Macao rose 16% in April, a result that Deutsche Bank analyst Carlo Santarelli deemed “modestly better than expected.” That’s damning with faint praise. JP Morgan analyst Joseph Greff also shrugged off the numbers as “about as expected.” … Continue reading →

Posted in California, Donald Trump, Downtown, Eldorado Resorts, Entertainment, Horseracing, International, Macau, Maine, Maryland, MGM Mirage, New York, PokerStars, Politics, Regulation, Tribal, TV, Wall Street | Comments Off

Big bounce in Louisiana; Poker and booze go better together

Posted on April 19, 2017 by David McKee

Compared with a flood-plagued March of 2015, business was booming at Louisiana casinos, up 10%, especially Baton Rouge (+20.5%), although New Orleans was flat. JP Morgan analyst Joseph Greff is predicting less salubrious results in April, blaming the Easter Bunny, among … Continue reading →

Posted in Boyd Gaming, Churchill Downs, Economy, Eldorado Resorts, Foxwoods, Genting, GLPI, Harrah's, IGT, Internet gambling, Isle of Capri, Louisiana, Massachusetts, MGM Mirage, Mohegan Sun, Pinnacle Entertainment, Politics, Regulation, South Korea, Taxes, Tilman Fertitta, Tourism, Tribal, Tropicana Entertainment, Wall Street | Comments Off

Warm spring in the Midwest; Vegas Vic gets political

Posted on April 10, 2017 by David McKee

Don’t believe anyone who says the economy is bad: Casino takings are up all across the Midwest. The biggest gain was in Ohio, where casino win rose 7%, even though players continue to blow off Jack Cleveland ($18 million, -8%). … Continue reading →

Posted in Affinity Gaming, Ameristar, Animals, Archon Corp., Boyd Gaming, California, Dan Gilbert, Downtown, Eldorado Resorts, Full House Resorts, Harrah's, Indiana, Isle of Capri, Law enforcement, Majestic Star, Missouri, Ohio, Penn National, Pinnacle Entertainment, PokerStars, Politics, Racinos, Tropicana Entertainment, Wayne F. Newton | Comments Off

Gaming up nationally — but Louisiana gets hammered

Posted on March 20, 2017 by David McKee

America‘s casino industry had a winning month in January, up 3.5% to $3.4 billion. Even Illinois, which has never recovered from the smoking ban, was in the top four, behind Nevada (naturally), Pennsylvania and Louisiana. The only serious loser was … Continue reading →

Posted in Affinity Gaming, Atlantic City, Boyd Gaming, Churchill Downs, Economy, Eldorado Resorts, GLPI, Harrah's, Illinois, Internet gambling, Isle of Capri, Louisiana, Marketing, Maryland, Ohio, Pennsylvania, Pinnacle Entertainment, Sheldon Adelson, Taxes, Tilman Fertitta, Tropicana Entertainment, West Virginia | Comments Off

AGA backs Obamacare; “Messy” quarter for Station

Posted on March 8, 2017 by David McKee

OK, the headline is an oversimplification (as headlines tend to be) but the American Gaming Association found itself in disagreement with congressional Republicans after their overhaul of the Affordable Care Act was found to leave mental-health and substance-use-disorder services out in the … Continue reading →

Posted in Dan Gilbert, Economy, Eldorado Resorts, Geoff Freeman, GLPI, Hard Rock International, Lucky Dragon, Marketing, Ohio, Palms, Penn National, Pinnacle Entertainment, Politics, Problem gambling, Reno, Station Casinos, Wall Street | Comments Off

A slight chill in the air

Posted on January 10, 2017 by David McKee

Even allowing for additional weekend in 2016, gaming results last month were a tad frosty, shall we say? The best market was Missouri, which was merely flat. That was largely due to strength in the St. Louis area, where Pinnacle … Continue reading →

Posted in Affinity Gaming, Ameristar, Boyd Gaming, Economy, Eldorado Resorts, Full House Resorts, GLPI, Harrah's, Indiana, Isle of Capri, Majestic Star, Missouri, Nevada, Ohio, Penn National, Pinnacle Entertainment, Racinos, Tourism, Tropicana Entertainment | Comments Off

Racinos lap casinos in Ohio; “Golden Knights” kiboshed

Posted on December 9, 2016 by David McKee

Ohio‘s four main casinos performed weakly last month, with Dan Gilbert‘s Jack Cleveland ($16 million, -4%) and Jack Cincinnati ($15 million, -7%) still not validating their new brand. Ironically, the once-superfluous Thistledown Racino is saving Jack’s bacon, up 13% to … Continue reading →

Posted in Arizona, Atlantic City, Boyd Gaming, Cordish Co., Dan Gilbert, Economy, Eldorado Resorts, Florida, GLPI, Hard Rock International, Harrah's, Japan, Maryland, MGM Mirage, Nevada, New York, Ohio, Penn National, Politics, Racinos, Seminole Tribe, Sports, Taxes | Comments Off

Running the tables in Pennsylvania; MGM woos Georgia (again)

Posted on December 5, 2016 by David McKee

Due to Pennsylvania‘s quirky habit of releasing slot and table game revenue numbers in staggered fashion, we don’t often comment on Keystone State gambling revenues. Fortunately, the Center for Gaming Research at UNLV consolidates the information into one handy-dandy report. … Continue reading →

Posted in Architecture, Aristocrat, Australia, Cosmopolitan, Economy, Eldorado Resorts, Georgia, GLPI, Greenwood Racing, Harrah's, Hooters, Isle of Capri, Macau, Maryland, MGM Mirage, Mohegan Sun, Neil Bluhm, Penn National, Pennsylvania, Pinnacle Entertainment, Politics, Racinos, Sheldon Adelson, Slot routes, SLS Las Vegas, Taxes, The Strip, Tourism, Transportation | Comments Off

Jacked around in Ohio; Wrong about Trump

Posted on November 8, 2016 by David McKee

At this point, we don’t know jack about Dan Gilbert‘s new “Jack” casino brand. In September, it appeared to be gaining traction with players. Then the bottom fell out. Jack Cleveland‘s $15 million take was a 14% fall while Jack … Continue reading →

Posted in Dan Gilbert, Donald Trump, Eldorado Resorts, Election, GLPI, Hard Rock International, Internet gambling, Marketing, Ohio, Palms, Penn National, Pinnacle Entertainment, Racinos, Reno, Sheldon Adelson, Station Casinos, Tribal, Wall Street | Comments Off

New player in Moulin Rouge saga; Jersey casino backers try to save face

Posted on October 14, 2016 by David McKee

There’s another entrant in the perpetual sweepstakes to redevelop the Moulin Rouge site. This time it’s British firm Psi Key Entertainment. It is proposing a 1,288-room hotel for the acreage. However, Psi Key’s redevelopment plans have to be taken with … Continue reading →

Posted in Atlantic City, Boyd Gaming, Dining, Downtown, Eldorado Resorts, Election, Hooters, Iowa, Isle of Capri, Marketing, Missouri, Moulin Rouge, Palms, Politics, Station Casinos, The Strip, Westgate LV | 1 Comment

Ohio: Gilbert to have the last laugh?

Posted on October 7, 2016 by David McKee

It looks like Dan Gilbert is gaining traction with his “Jack” brand (soon to be slathered over Greektown Casino in Gilbert’s native Detroit). Although Jack Cincinnati was flat ($15 million), its counterparts in Cleveland ($17 million) and at ThistleDown Racino … Continue reading →

Posted in Dan Gilbert, Detroit, Eldorado Resorts, Marketing, Ohio, Penn National, Pinnacle Entertainment, Racinos | 1 Comment

Crisis mode in Pennsylvania; Hard Rock unifies the brand

Posted on October 3, 2016 by David McKee

Although Pennsylvania lawmakers theoretically have three months to amend an “incredibly complex” state law that directs casino revenue to host cities and counties, the grim reality is that the Lege has only eight session days in which to get it … Continue reading →

Posted in Australia, Charity, Eldorado Resorts, Florida, G2E, Greenwood Racing, Hard Rock Hotel, Hard Rock International, International, Macau, Pennsylvania, Politics, Seminole Tribe, Sheldon Adelson, Steve Wynn, Taxes, Technology, TV, Wall Street | Comments Off

Pennsylvania casinos trounce state; MGM looks to Brazil

Posted on September 30, 2016 by David McKee

Pennsylvania cities and counties could find themselves short of money soon — and legislators have to locate even more cash on short notice, as though the current budget impasse wasn’t trouble enough. The commonwealth has been given three months, tops, by the … Continue reading →

Posted in Economy, Eldorado Resorts, Greenwood Racing, IGT, International, Internet gambling, Japan, MGM Mirage, Neil Bluhm, Pennsylvania, Politics, Sheldon Adelson, Taxes, The Strip | Comments Off

Eldorado captures Isle; Adelson thwarted; Perlman dies

Posted on September 19, 2016 by David McKee

Scratch one more casino company from the checkerboard. This morning it was announced that Eldorado Resorts was buying Isle of Capri Casinos (long mooted as a takeover target. Eldorado will pay $1.7 billion for Isle — or $23 a share … Continue reading →

Posted in Alabama, Atlantic City, Eldorado Resorts, Florida, Foxwoods, Geoff Freeman, Harrah's, history, Internet gambling, Isle of Capri, Louisiana, Massachusetts, MGM Mirage, Missouri, Mohegan Sun, Nevada, Ohio, Oklahoma, Pennsylvania, Politics, Reno, Sheldon Adelson, Taxes, The Mob, The Strip, Tribal, Vietnam, Wall Street | Comments Off

Analysts not sold yet on Macao recovery; Soggy month for Louisiana

Posted on September 16, 2016 by David McKee

They came, they saw, they were unconvinced. “The re-affirmation that mass is improving was pronounced,” reported Deutsche Bank analyst Carlo Santarelli, adding that projections were all over the place. “We get the sense that expectations remain low with respect to … Continue reading →

Posted in Australia, Boyd Gaming, Churchill Downs, Economy, Eldorado Resorts, Galaxy Entertainment, GLPI, Harrah's, Isle of Capri, Louisiana, Macau, Massachusetts, Melco Crown Entertainment, MGM Mirage, Penn National, Pinnacle Entertainment, Racinos, Sheldon Adelson, South Korea, Steve Wynn, Tilman Fertitta, Tropicana Entertainment, Wall Street | Comments Off