Category Archives: Eldorado Resorts

Macao: Worse than expected; New deal on Connecticut table

Posted on February 4, 2020 by David McKee

When China gets coronavirus, Macao develops pneumonia. While Wall Street was expecting gaming revenues to dip 2% in January, they fell 11%. Macanese casinos still grossed $2.75 billion, so it’s not like they were hearing crickets. However, February is shaping … Continue reading →

Posted in Atlantic City, Caesars Entertainment, China, Connecticut, Derek Stevens, Downtown, Economy, Eldorado Resorts, Foxwoods, Health, IGT, Illinois, Japan, Las Vegas Sands, Louisiana, Macau, MGM Resorts International, Mohegan Sun, New Jersey, Pennsylvania, Politics, Regulation, Sheldon Adelson, Sports betting, Tourism, West Virginia | Comments Off on Macao: Worse than expected; New deal on Connecticut table

IGT, Twin River cut a deal; Atlantic City casino execs get riled

Posted on February 3, 2020 by David McKee

In what is either a grand compromise or the cynical conclusion to months of backbiting, International Game Technology and Twin River Holdings have patched up their differences, and formed a joint venture to run the Rhode Island state lottery. (The … Continue reading →

Posted in Atlantic City, Caesars Entertainment, China, DFS, Donald Trump, e-sports, Eldorado Resorts, Hard Rock International, IGT, Japan, Kentucky, Las Vegas Sands, Law enforcement, Lotteries, Melco Resorts & Entertainment, MGM Resorts International, Morris Bailey, Rhode Island, Sports betting, Twin River, Wynn Resorts | 3 Comments

Coronavirus hits Vegas; Connecticut’s massive screwup

Posted on January 29, 2020 by David McKee

This just in … It’s here! The Southern Nevada Health District has reported a possible case of coronavirus. More details as we get them. In the meantime, there are at least six confirmed cases in Macao, as gaming stocks suffer … Continue reading →

Posted in Atlantic City, Caesars Entertainment, Connecticut, Cosmopolitan, Dan Gilbert, Eldorado Resorts, Foxwoods, Health, Japan, Las Vegas Raiders, Macau, Massachusetts, MGM Resorts International, Mohegan Sun, Ohio, Oklahoma, Politics, Sports, Sports betting, Taxes, The Strip, Tourism, Transportation, Tribal | Comments Off on Coronavirus hits Vegas; Connecticut’s massive screwup

Eldorado gets one state closer; Banditry in Arizona

Posted on January 20, 2020 by David McKee

Check Louisiana off the list of states giving the thumbs-up to the Eldorado Resorts takeover of Caesars Entertainment. CEO Tom Reeg had to assure regulators that the company would invest $500 million (there goes that highly touted half-billion cost savings) in … Continue reading →

Posted in Arizona, Atlantic City, Australia, Caesars Entertainment, California, Carl Icahn, Cretins, Donald Trump, Eldorado Resorts, Japan, Louisiana, Mandalay Bay Massacre, Melco Resorts & Entertainment, Penn National, Pennsylvania, Politics, Regulation, Tribal | 2 Comments

Springfield: The boss hits town

Posted on January 17, 2020 by David McKee

After a worst-month-ever December at MGM Springfield, company CEO Jim Murren has apparently had enough. He flew into Springfield today to put a bit of stick about, as the Brits would say. His ostensible purpose is to hang out with the … Continue reading →

Posted in Baseball, Boyd Gaming, Caesars Entertainment, Churchill Downs, Eldorado Resorts, Entertainment, GLPI, history, Louisiana, Maryland, Massachusetts, MGM Resorts International, Movies, Penn National, Sports, Sports betting, The Strip | Comments Off on Springfield: The boss hits town

Mohegan Sun in, Hard Rock out; Hoosiers crave sports betting

Posted on January 16, 2020 by David McKee

In a shocking upset, “a source close to the matter” reports that Hard Rock International has been turned down for the Hellenikon megaresort development in Greece. That means the winning bidder is Mohegan Sun. Hard Rock was apparently faulted both … Continue reading →

Posted in Architecture, Caesars Entertainment, Economy, Eldorado Resorts, Hard Rock International, Indiana, International, Iowa, Lake Tahoe, Louisiana, Macau, Mohegan Sun, Pansy Ho, Reno, Sheldon Adelson, Sports betting, Transportation, Wall Street | 2 Comments

Atlantic City impresses; MGM plays lacrosse

Posted on January 15, 2020 by David McKee

In a de facto win for Atlantic City, gaming revenue held steady in December, despite one less weekend day to bring in the gamblers. The Garden State also closed out the year with over $4.5 billion in sports-betting handle, economic … Continue reading →

Posted in Atlantic City, Caesars Entertainment, Culinary Union, DraftKings, Eldorado Resorts, Election, FanDuel, Hard Rock International, Internet gambling, Massachusetts, MGM Resorts International, Mohegan Sun, Movies, Ocean Resort, Scott Butera, Sexual misconduct, Sports, Sports betting, Tilman Fertitta | 3 Comments

Big MGM payday; Halting casino extortion; Wynn scammed

Posted on January 14, 2020 by David McKee

Betting the farm on Japan, CEO of MGM Resorts International Jim Murren has realized his goal of selling MGM Grand and Mandalay Bay. The price was a sweet $4.6 billion it will only cost MGM $292 million a year to lease … Continue reading →

Posted in Caesars Entertainment, Eldorado Resorts, Environment, Hard Rock International, Indiana, Japan, Law enforcement, Louisiana, Macau, Massachusetts, Maverick Gaming, MGM Resorts International, Ohio, Penn National, Philippines, Spectacle Entertainment, Sports betting, Taxes, The Strip, Wynn Resorts | Comments Off on Big MGM payday; Halting casino extortion; Wynn scammed

Indiana flat, Missouri down, Jones up

Posted on January 13, 2020 by David McKee

Indiana gaming revenues were microscopically down last month, to $186 million, not bad when one considers that December 2018 had one more weekend day. It’s too soon to have numbers from table games at the racinos, so January’s will be … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, Century Casinos, Diversity, DraftKings, Eldorado Resorts, Environment, FanDuel, Full House Resorts, Illinois, Indiana, MGM Resorts International, Michigan, Penn National, Racinos, Regulation, Scott Butera, Spectacle Entertainment, Sports betting, Wynn Resorts | 1 Comment

Churchill Downs, Eldorado power Illinois; Atlantic City upgraded

Posted on January 8, 2020 by David McKee

Santa Claus was generous to Illinois casinos. Despite ever-increasing competition and an unfavorable calendar (one less weekend day) their receipts rose 5.5% last month. The gross was $124 million, with most of that ($94 million) coming from the state’s northern … Continue reading →

Posted in Architecture, Atlantic City, Boyd Gaming, Caesars Entertainment, Churchill Downs, Dan Gilbert, Eldorado Resorts, GLPI, Hard Rock International, Illinois, Indiana, Kentucky, MGM Resorts International, Ohio, Penn National, Spectacle Entertainment, Wall Street | 5 Comments

Eyes on Atlantic City; ‘Smart chips’ a health menace?

Posted on January 6, 2020 by David McKee

It’s barely 2020 and already The Press of Atlantic City has identified the Boardwalk’s top five stories of the year. They are: 1) The evolving Eldorado Resorts takeover of Caesars Entertainment. Early indications are that Eldorado will try to keep … Continue reading →

Posted in Atlantic City, Caesars Entertainment, Carl Icahn, Connecticut, Donald Trump, Economy, Eldorado Resorts, Environment, Foxwoods, history, Indiana, Internet gambling, Macau, Marketing, Mohegan Sun, Pennsylvania, Politics, Racinos, Regulation, Spectacle Entertainment, Sports betting, Tilman Fertitta, Transportation | 2 Comments

Japan scandal grows; Caesars slammed

Posted on January 6, 2020 by David McKee

Japan‘s 500.com bribery case continues to spread. An additional five Nipponese lawmakers have been implicated, accused of taking $9,249. The notion that Japanese solons would sell their souls for such chump change indicates how desperately they want to get in on the … Continue reading →

Posted in Atlantic City, Caesars Entertainment, Columbia Sussex, Dining, Eldorado Resorts, Illinois, Indiana, Japan, Lake Tahoe, Law enforcement, Marketing, Maryland, Massachusetts, MGM Resorts International, North Carolina, Politics, Sports betting, Taxes, The Strip | 3 Comments

New Year’s Eve Jottings

Posted on December 31, 2019 by David McKee

Jottings: Eldorado Resorts is taking care of some unfinished business while the Caesars Entertainment merger goes through. It’s reported to be close to settling a lawsuit with Isle of Capri Boonville workers who were litigating the company over time-card-protocol violations … … Continue reading →

Posted in Caesars Entertainment, Dining, Eldorado Resorts, Missouri, The Mob, The Strip | 2 Comments

End-of-Year Case Bets

Posted on December 30, 2019 by David McKee

In a retrospective mood, the American Gaming Association has chosen the top eight gaming stories of the past year, ranked here in descending order. They are: The Caesars Entertainment takeover by Eldorado Resorts. ‘Nuff said. Allegations that Encore Boston Harbor is … Continue reading →

Posted in Caesars Entertainment, California, Canada, Carl Icahn, Donald Trump, Eldorado Resorts, Election, Harrah's, Japan, Lake Tahoe, Las Vegas Raiders, Law enforcement, Louisiana, Lucky Dragon, Maryland, Massachusetts, MGM Resorts International, Mississippi, Money laundering, Oklahoma, Problem gambling, Resort fees, Sports, Sports betting, The Strip, Tribal, Wynn Resorts | 1 Comment

China’s credit bubble; Ocean Resort’s secret formula

Posted on December 26, 2019 by David McKee

China gamblers may be playing today at the expense of tomorrow. Bloomberg reports that Generation Z is borrowing heavily in high-interest debt to fuel its consumerism, a phenomenon that should be of concern in Macao. “Household debt hit levels of … Continue reading →

Posted in Atlantic City, Boyd Gaming, China, Culinary Union, DraftKings, Economy, Eldorado Resorts, Internet gambling, Louisiana, Macau, Massachusetts, MGM Resorts International, New Hampshire, Ocean Resort, Oklahoma, Regulation, Scott Butera, Sexual misconduct, Sports betting, Station Casinos, Steve Wynn, Tribal, Wynn Resorts | 1 Comment

Louisiana stagnant, Michigan a sports-betting go

Posted on December 20, 2019 by David McKee

An extra weekend day didn’t do bupkis for Louisiana, where November gaming revenues ($205 million) were flat with last year’s. The good news is that Baton Rouge, so troubled a market, was incrementally higher than in 2018. Eldorado Resorts‘ Belle … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, China, Churchill Downs, Detroit, Economy, Eldorado Resorts, GLPI, Indiana, Internet gambling, Louisiana, Macau, Michigan, Movies, New Jersey, Penn National, Pennsylvania, Sexual misconduct, Sports betting, Taxes, Tilman Fertitta, Tribal, Wall Street | Comments Off on Louisiana stagnant, Michigan a sports-betting go

Tribal gambling rampant in Oklahoma?; Penn National gets swindled

Posted on December 18, 2019 by David McKee

Could “casinos and smoke shops soon begin popping up on every corner of downtown Tulsa?” So wondered Indian Country Today about a Supreme Court case that could dramatically alter the complexion of tribal gaming in Oklahoma. (Serves Kevin Stitt right.) The … Continue reading →

Posted in Atlantic City, Caesars Entertainment, California, Churchill Downs, Culinary Union, Eldorado Resorts, Galaxy Entertainment, Genting, Illinois, Japan, Las Vegas Raiders, Law enforcement, Macau, MGM Resorts International, Oklahoma, Pansy Ho, Penn National, Regulation, Sociedade de Jogos de Macau, Sports, Sports betting, The Rio, Tribal, World Series of Poker, Wynn Resorts | Comments Off on Tribal gambling rampant in Oklahoma?; Penn National gets swindled

Station faces the music; Atlantic City dissed

Posted on December 16, 2019 by David McKee

Imagine how much of a world of hurt Station Casinos would be in if DJs Marshmello and Skrillex hadn’t quit instead of having their high-priced sinecures ($60 million in Mr. Marshmello’s case) terminated, as happened to Ryan Raddon, aka Kaskade. … Continue reading →

Posted in Atlantic City, Caesars Entertainment, Eldorado Resorts, Entertainment, Hard Rock International, Indiana, Internet gambling, Japan, MGM Resorts International, Mohegan Sun, Ocean Resort, Oklahoma, Palms, Sports betting, Station Casinos, Taxes, Tilman Fertitta, Tribal | 1 Comment

Atlantic City up in November; Sports betting comes to Michigan

Posted on December 13, 2019 by David McKee

Gross gaming revenues of $224 million in Atlantic City last month represented a 7% gain. Table games (+11%) led the way, followed by slot revenues, up 6%. Table win at Borgata rose 14.5% on 7% more wagering, as the house … Continue reading →

Posted in Atlantic City, Boyd Gaming, Caesars Entertainment, DFS, e-sports, Economy, Eldorado Resorts, Environment, FanDuel, Greenwood Racing, Hard Rock International, Internet gambling, MGM Resorts International, Michigan, Mohegan Sun, New Jersey, Ocean Resort, Penn National, Pennsylvania, Politics, Rush Street Gaming, Sports betting, Taxes, Tilman Fertitta, Tribal | 1 Comment

Mega-Jottings

Posted on December 13, 2019 by David McKee

What do you do when the news is too short to justify a paragraph but too big to be ignored? How about a big-ass session of … Jottings: Mike Brooks and Tim Brooks, owners of the Emerald Isle Casino are … Continue reading →

Posted in Animals, Caesars Entertainment, Dan Lee, Eldorado Resorts, Full House Resorts, GLPI, International, Japan, Kansas, Louisiana, Nevada, Penn National, Scientific Games, South Korea, Spectacle Entertainment, Taxes, Wall Street | Comments Off on Mega-Jottings