Category Archives: Eldorado Resorts

What gives, Indiana?; Galaxy ousted from Philippines

Posted on December 11, 2019 by David McKee

Despite the excellent November performance of surrounding Midwest states, Indiana casinos were up only 1% last month. Factor in an extra weekend day this year and that’s a pretty underwhelming result. In its last full month of service, riverboat Glory of … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, Churchill Downs, Dan Gilbert, Dining, DraftKings, Eldorado Resorts, FanDuel, Full House Resorts, Galaxy Entertainment, Indiana, MGM Resorts International, Ohio, Penn National, Philippines, Rush Street Gaming, Spectacle Entertainment, Sports, Sports betting, The Mob, The Strip, Tropicana Entertainment | Comments Off on What gives, Indiana?; Galaxy ousted from Philippines

Illinois up, Maryland flat, Palms sued

Posted on December 6, 2019 by David McKee

Enjoy it while it lasts, Illinois. Gaming revenues shot up 8%, a welcome bit of good news. One extra weekend day surely helped although we find it hard to believe that entirely accounts for the variance. The overall gross was … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, Churchill Downs, CityCenter, Cordish Co., Eldorado Resorts, Entertainment, FanDuel, GLPI, Golden Gaming, Illinois, Law enforcement, Maryland, MGM Resorts International, Palms, Penn National, Phil Ruffin, Sports, Sports betting, Station Casinos, Tilman Fertitta, Virginia, West Virginia | 1 Comment

‘Sharp’ criticism of Congress; MGM a popular stock pick

Posted on December 2, 2019 by David McKee

Newly elected National Congress of American Indians President Fawn Sharp wasted no time in opening a can of whup-ass on the U.S. Congress. Speaking to the House Committee on Natural Resources Subcommittee for Indigenous Peoples of the United States Oversight, Sharp … Continue reading →

Posted in Caesars Entertainment, California, Culinary Union, Derek Stevens, Dining, Eldorado Resorts, Entertainment, Hard Rock International, Japan, Las Vegas Raiders, Las Vegas Sands, Law enforcement, MGM Resorts International, Mohegan Sun, Penn National, Politics, Sports, Sports betting, Station Casinos, The Strip, Transportation, Tribal, Wall Street, Washington State, Wynn Resorts | Comments Off on ‘Sharp’ criticism of Congress; MGM a popular stock pick

Next stop, Hempfield!

Posted on November 19, 2019 by David McKee

Cordish Gaming has broken ground on its Hempfield Township satellite casino in Pennsylvania. The $150 million property will have 750 slots and 30 table games, as well as a 445-seat sports book. The casino will fill the space left by … Continue reading →

Posted in Arkansas, Atlantic City, Caesars Entertainment, Cordish Co., Dining, Downtown, Economy, Eldorado Resorts, Entertainment, Golden Gaming, history, Internet gambling, Kentucky, Las Vegas Sands, Law enforcement, Massachusetts, MGM Resorts International, Mohegan Sun, Pennsylvania, Regulation, South Korea, Sports betting, The Strip, Tribal, Wall Street, Wynn Resorts | 2 Comments

Sports betting burgeons in Pennsylvania

Posted on November 19, 2019 by David McKee

Pennsylvania sports-betting handle was $241 million last month, which translated into $19 million in revenue (a quarter of which promptly went to the state). Mobile wagering accounted for $199 million or 82% of the wagering, up from 65% last July. “Most encouraging … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, DraftKings, Eldorado Resorts, Environment, FanDuel, Greenwood Racing, Illinois, Law enforcement, Michigan, Mississippi, Mohegan Sun, Penn National, Pennsylvania, Regulation, Rush Street Gaming, Sexual misconduct, South Dakota, Sports, Sports betting, Tribal, Twin River, Wall Street, Wynn Resorts | Comments Off on Sports betting burgeons in Pennsylvania

Going for the gold in California; Vegas tops sin survey

Posted on November 18, 2019 by David McKee

It’s not quite as pre-apocalyptic as dogs and cats living together but California Native American tribes are joining with private-sector racetracks to push for sports betting in the Golden State, surely the ripest market in the U.S. The coalition wants … Continue reading →

Posted in Atlantic City, Caesars Entertainment, California, Donald Trump, Eldorado Resorts, Election, Entertainment, history, Illinois, Japan, Louisiana, Regulation, Sports betting, Steve Wynn, Taxes, The Strip, Tribal | 1 Comment

Ocean outperforms Atlantic City; Encore Boston crushes competition

Posted on November 15, 2019 by David McKee

Atlantic City casino revenues were $202 million last month, flat with the year previous. Slot revenues were up 3.5%, table win down 6%. Despite flat wagering at the tables and slots, Borgata gained 6% at the slots and ceded 7% … Continue reading →

Posted in Atlantic City, Boyd Gaming, Caesars Entertainment, Economy, Eldorado Resorts, Environment, FanDuel, Greenwood Racing, Hard Rock International, Internet gambling, Japan, Macau, Massachusetts, MGM Resorts International, Mohegan Sun, Ocean Resort, Penn National, Pennsylvania, Regulation, Rush Street Gaming, Sports betting, Tilman Fertitta, Tribal, Wynn Resorts | 3 Comments

A swing through the Rust Belt

Posted on November 13, 2019 by David McKee

What does Ohio‘s economy have that other Rust Belt states do not? We’d really like to know, since Ohio consistently outperforms its brethren when it comes to gaming revenue. Last month, casino win was up 5.5% to $158.5 million. Racinos … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, Churchill Downs, Dan Gilbert, DraftKings, Eldorado Resorts, Full House Resorts, GLPI, Hard Rock International, Illinois, Indiana, Kentucky, MGM Resorts International, Ohio, Penn National, Pets, Rush Street Gaming, Slot routes, Spectacle Entertainment, Sports betting | Comments Off on A swing through the Rust Belt

MGM: Everything must go

Posted on October 31, 2019 by David McKee

MGM Resorts International reported 3Q19 results and they were good enough to make the lion roar. Macao contributed $738 million, a 22% surge reflecting the ramp-up of MGM Cotai surely with $80 million in revenue. Also, CityCenter may be sucking … Continue reading →

Posted in Atlantic City, Caesars Entertainment, CityCenter, Detroit, Eldorado Resorts, Golden Gaming, Macau, Maryland, Massachusetts, Melco Resorts & Entertainment, MGM Resorts International, New York, Ohio, Philippines, Sports, Sports betting, The Strip | Comments Off on MGM: Everything must go

Louisiana gets soaked; Surrender flag waved

Posted on October 24, 2019 by David McKee

Boyd Gaming warned us that Deep South results would be weak, following two hurricanes, and they didn’t exaggerate. Flood-affected Louisiana casino receipts plummeted 11% in September. Boyd casinos got the worst of it, down 10.5%. New Orleans was flat but … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, China, Churchill Downs, Crown Resorts, Economy, Eldorado Resorts, GLPI, Illinois, Isle of Capri, Japan, Las Vegas Sands, Louisiana, Macau, MGM Resorts International, Money laundering, Penn National, Regulation, Resort fees, Sheldon Adelson, Singapore, The Mob, The Strip, Tilman Fertitta, Wall Street | Comments Off on Louisiana gets soaked; Surrender flag waved

Cosmo does it again; Georgia ponders casinos

Posted on October 24, 2019 by David McKee

It happened again. Smoke billowed over the Las Vegas Strip from an electrical fire at The Cosmopolitan of Las Vegas last night. No one was injured, thank God, and the damage appears to be minor. But it’s the second fire … Continue reading →

Posted in Atlantic City, Baseball, Caesars Entertainment, Churchill Downs, Cosmopolitan, Eldorado Resorts, Election, Foxwoods, Georgia, Greenwood Racing, Hard Rock International, Horseracing, IGT, Illinois, International, Lotteries, Louisiana, MGM Resorts International, Mississippi, Politics, Scientific Games, Sports betting, Taxes, The Strip, Transportation | 1 Comment

Ocean surges in Atlantic City; Wall Street yawns at MGM sale

Posted on October 17, 2019 by David McKee

Atlantic City gambling revenue was off 3% last month and we’ll be generous, chalking it up to one less weekend day than last year. The Boardwalk grossed $224.5 million, led by Borgata with $57.5 million (a 5% slippage). Table win … Continue reading →

Posted in Atlantic City, Boyd Gaming, Caesars Entertainment, Eldorado Resorts, Greenwood Racing, Hard Rock International, Internet gambling, Japan, MGM Resorts International, Mohegan Sun, Nevada, New Jersey, Ocean Resort, Penn National, Pennsylvania, Phil Ruffin, Real Estate, Rush Street Gaming, Sports, Sports betting, The Strip, Tilman Fertitta, Tribal, Wynn Resorts | 3 Comments

Should we ban Steve Wynn?; Caesars vote set

Posted on October 15, 2019 by David McKee

Perhaps anticipating the expiration of Steve Wynn‘s noncompete agreement with Wynn Resorts, the Nevada Gaming Control Board has filed a complaint against El Steve in court, saying he brought “discredit” upon the state of Nevada, reports KTNV-TV. Could this be … Continue reading →

Posted in Caesars Entertainment, California, Carl Icahn, Cordish Co., Dining, Economy, Eldorado Resorts, Environment, Hard Rock International, history, Las Vegas Raiders, Louisiana, Marketing, Maryland, Massachusetts, Mohegan Sun, Regulation, Sexual misconduct, Steve Wynn, Tribal, Wall Street, Wynn Resorts | 2 Comments

Big Hoosier handle; Caudill empire expands

Posted on October 11, 2019 by David McKee

Indiana sports books generated $35 million in handle last month, translating to $8.5 million in revenue, taxed at 9.5%. “Indiana’s sportsbooks are in their infancy, but their ability to capitalize on the Chicago market did not take long to produce … Continue reading →

Posted in AGA, Boyd Gaming, Caesars Entertainment, Derek Stevens, Diversity, Downtown, El Cortez, Eldorado Resorts, Illinois, Indiana, Massachusetts, Penn National, Real Estate, Sports betting, Taxes, Technology, Terry Caudill, The Mob, The Strip, Wayne F. Newton, Wynn Resorts | Comments Off on Big Hoosier handle; Caudill empire expands

What’s in a day?

Posted on October 10, 2019 by David McKee

Ohio and Illinois weathered a September with one less weekend day just fine. Indiana and Missouri, not so much. The Hoosier State was down 2.5% (on a weak comparison). The gross was $173 million. There were some big swings and … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, Eldorado Resorts, Full House Resorts, Indiana, Missouri, Penn National, Racinos, Spectacle Entertainment, Tropicana Entertainment | Comments Off on What’s in a day?

MGM beats Maryland malaise

Posted on October 8, 2019 by David McKee

Maryland officially hit the saturation point last month, as revenues dipped 1%. MGM National Harbor ($58 million) wasn’t hurting, up 6%—with slots and table games gaining equally—and with 40.5% market share. Maryland Live ($48 million) was second with 33.5% but … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, Churchill Downs, Cordish Co., Dan Gilbert, Eldorado Resorts, GLPI, Golden Gaming, Hard Rock International, Horseracing, Illinois, Maryland, MGM Resorts International, Ohio, Penn National, Racinos, West Virginia | Comments Off on MGM beats Maryland malaise

Doldrums, hope in Baton Rouge; AGA inducts three

Posted on October 2, 2019 by David McKee

It’s 25 years ago this month that casino gambling came to Baton Rouge. The mood, however, is far from celebratory as the city’s riverboats remain mired in a two-year slump, thanks to the Baton Rouge smoking ban. Some also blame … Continue reading →

Posted in AGA, Arkansas, Eldorado Resorts, Environment, GLPI, history, Illinois, Louisiana, Mississippi, Penn National, Pinnacle Entertainment, Regulation, Sports betting, Taxes, Technology, The Strip, Tribal | Comments Off on Doldrums, hope in Baton Rouge; AGA inducts three

Resort fees assailed; Hard Rock rocks Rockford

Posted on September 30, 2019 by David McKee

Resort fees, the bane of customers to Las Vegas, are inspiring some congressional action. Lawmakers Rep. Eddie Bernice Johnson (D) and Rep. Jeff Fortenberry (R) are collaborating on a bill that would outlaw resort fees (it’s the Hotel Advertising Transparency … Continue reading →

Posted in Eldorado Resorts, Hard Rock International, Illinois, International, MGM Resorts International, Phil Ruffin, Politics, Problem gambling, Racinos, Regulation, Resort fees, The Strip, West Virginia | Comments Off on Resort fees assailed; Hard Rock rocks Rockford

Fan loses $506K shirt; Adelson cautions Trump

Posted on September 25, 2019 by David McKee

One incautious Cleveland Browns fan made the wrong kind of headline with a $506,000 bet on the team against the Los Angeles Rams. (The Browns lost, 20-13.) The wager was for the Browns to cover the spread, the most meaningful … Continue reading →

Posted in Atlantic City, Caesars Entertainment, China, Donald Trump, e-sports, Eldorado Resorts, Hard Rock International, Mohegan Sun, Ocean Resort, Sheldon Adelson, South Korea, Sports, Sports betting, Tourism | Comments Off on Fan loses $506K shirt; Adelson cautions Trump

Rio sold; Best casinos named

Posted on September 23, 2019 by David McKee

Despite rumors that Caesars Entertainment has sworn off trying to sell The Rio (again), it turns out that the Roman Empire was still shopping the resort. It’s been tentatively sold to “a principal of Imperial Companies” for $516 million. If … Continue reading →

Posted in Alex Meruelo, Atlantic City, Caesars Entertainment, California, Cosmopolitan, Derek Stevens, Dining, Downtown, Eldorado Resorts, Entertainment, Foxwoods, Genting, Golden Gaming, Hard Rock International, Las Vegas Sands, Louisiana, Marketing, Massachusetts, Mississippi, Mohegan Sun, New York, Ocean Resort, Penn National, Reno, Station Casinos, The Strip, Tilman Fertitta, Tribal, TV, World Series of Poker, Wynn Resorts | 1 Comment