Category Archives: Eldorado Resorts

Near-ideal month in Atlantic City

Posted on September 16, 2019 by David McKee

Atlantic City casinos were, despite an extra weekend day in August, up only 6%. But, more importantly, all except one either stood their ground or grew business. They grossed $286.5 million, with symmetrical increases in slot and table revenue. A … Continue reading →

Posted in Atlantic City, Boyd Gaming, Caesars Entertainment, China, Detroit, Donald Trump, Eldorado Resorts, Entertainment, Full House Resorts, Greenwood Racing, Hard Rock International, Indiana, International, Internet gambling, MGM Resorts International, Mohegan Sun, New Jersey, Ocean Resort, Ohio, Palms, Penn National, Pennsylvania, Philippines, Regulation, Sports, Sports betting, Taxes, Tilman Fertitta, Tribal, Virginia, Wall Street | 2 Comments

Heard along the Strip

Posted on September 16, 2019 by David McKee

Circus Circus, the casino Jim Murren said he would never, ever sell (because his kids liked it so much) is reported to be on the auction block. The Murren kids are grown and MGM Resorts International has never formulated a … Continue reading →

Posted in Atlantic City, Boyd Gaming, Caesars Entertainment, Canada, Cosmopolitan, Culinary Union, Eldorado Resorts, MGM Resorts International, North Las Vegas, Phil Ruffin, Planet Hollywood, Problem gambling, SLS Las Vegas, Sports, Sports betting, Station Casinos, Steve Wynn, The Strip, Tilman Fertitta, World Series of Poker, Wynn Resorts | 2 Comments

Stall in Indiana; Adelson, Netanyahu at odds

Posted on September 11, 2019 by David McKee

An extra weekend day in Indiana was no help to casino revenues in Indiana, which were, on average, flat with 2018. The total gross was $186 million. The saving grace, perhaps, was that August 2018 saw revenues grow 5% but … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, Dining, Eldorado Resorts, Full House Resorts, Las Vegas Raiders, Pennsylvania, Sheldon Adelson, Spectacle Entertainment, Tribal | Comments Off

Ohio gallops, Missouri trots

Posted on September 10, 2019 by David McKee

Ohio gambling revenues were up 4% last month, coming in at $164.5 million. Most of that was driven by a particularly good month at the racinos. Hollywood Columbus‘ $19 million represented a 4% gain while Hollywood Toledo hauled in $17 … Continue reading →

Posted in Boyd Gaming, Churchill Downs, Dan Gilbert, Eldorado Resorts, Horseracing, MGM Resorts International, Missouri, Ohio, Penn National | 1 Comment

Maryland good, Illinois becalmed, MGM furious

Posted on September 9, 2019 by David McKee

Maryland‘s casino industry showed continued health last month, up 5.5%. MGM National Harbor had 40.5% of market share while Maryland Live corralled 34.5% of trade. MGM grossed $62.5 million, with low-tax table games up 10% as opposed to only 4% … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, Connecticut, Cordish Co., Eldorado Resorts, GLPI, Golden Gaming, Hard Rock International, Illinois, International, Internet gambling, Las Vegas Raiders, Las Vegas Sands, Law enforcement, Lotteries, Macau, Maryland, Mohegan Sun, Penn National, Pennsylvania, Regulation, Rush Street Gaming, Slot routes, South Dakota, Sports, Wall Street, West Virginia | 1 Comment

No Japan for Caesars; Colorado to get bigger Ass

Posted on August 29, 2019 by David McKee

Gary Loveman‘s decision to pass on Macao will be remembered as the worst decision of his tenure at Caesars Entertainment. Will CEO Anthony Rodio‘s withdrawal from contention in Japan be similarly second-guessed? The decision saves Caesars at least $10 billion … Continue reading →

Posted in Caesars Entertainment, Colorado, Eldorado Resorts, Full House Resorts, history, Japan, Macau, Sports betting, Wall Street | Comments Off

Resort fees likely to worsen; Fertitta preaches caution

Posted on August 22, 2019 by David McKee

All hail Terry Caudill. His Four Queens is one of the very few hotel-casinos in Las Vegas to eschew resort fees. At least that’s what the Reno Gazette-Journal tells us. The RGJ took a deep dive into the resort-fee issue … Continue reading →

Posted in Atlantic City, Boyd Gaming, Caesars Entertainment, Downtown, Economy, Eldorado Resorts, Full House Resorts, Indiana, International, Internet gambling, Laughlin, Law enforcement, MGM Resorts International, Penn National, Resort fees, Sports, Sports betting, Terry Caudill, Tilman Fertitta, Wall Street | 2 Comments

Chicago: Lightfoot’s folly; Penn mulls Trop expansion

Posted on August 19, 2019 by David McKee

Between 72% taxes and 30% operating costs, a Chicago casino is a money-losing proposition, at best one eking out a 3% profit. Union Gaming Group minced few words, reporting, “The [$15 million] reconciliation fee alone would wipe out any profits generated … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, Churchill Downs, Eldorado Resorts, GLPI, Illinois, Louisiana, Oklahoma, Penn National, Politics, Slot routes, Sports, Sports betting, Taxes, Texas, The Strip, Tilman Fertitta, Tribal, Wall Street, West Virginia | 4 Comments

Encore vanquishing competition; Newcomers dominate Atlantic City

Posted on August 19, 2019 by David McKee

Encore Boston Harbor, the best-smelling casino on the East Coast, had a crushing month, its first full one of operation. Its $48.5 million in revenue accounted for 60% of all Massachusetts gaming revenues. That breaks down as almost $1.6 million/day … Continue reading →

Posted in Atlantic City, Boyd Gaming, Caesars Entertainment, Churchill Downs, Connecticut, Detroit, Eldorado Resorts, Entertainment, Foxwoods, Greenwood Racing, Hard Rock International, Internet gambling, Marketing, Maryland, Massachusetts, MGM Resorts International, Mohegan Sun, Ocean Resort, Penn National, Pennsylvania, Rhode Island, Rush Street Gaming, Sports, Sports betting, Tilman Fertitta, Tribal, Wynn Resorts | 2 Comments

Rough month in Indiana, rougher in Missouri

Posted on August 12, 2019 by David McKee

Indiana gaming revenues nosed down 3% last month, for a total gross of $181 million. JP Morgan analyst Joseph Greff blames it on adverse weather from Hurricane Barry, plus intensified competition in the Louisville area. Both racinos were revenue-positive, with Hoosier … Continue reading →

Posted in Architecture, Boyd Gaming, Caesars Entertainment, Centaur Gaming, Eldorado Resorts, Entertainment, Environment, Full House Resorts, Genting, Indiana, Kentucky, Massachusetts, MGM Resorts International, Missouri, Penn National, Spectacle Entertainment, The Strip, Tribal, Wynn Resorts | Comments Off

Paging Steve Wynn; Genting mismanages risk

Posted on August 8, 2019 by David McKee

Somebody alert Steve Wynn. The mega-Walgreens at the northwest corner of Las Vegas Boulevard and Sahara Avenue is on the market as a “Once in a Generation High Profile Asset.” OK, the footprint is relatively small but the seller is … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, Churchill Downs, Dan Gilbert, Eldorado Resorts, Genting, GLPI, Illinois, MGM Resorts International, Ohio, Oklahoma, Penn National, Resort fees, Rush Street Gaming, Singapore, Steve Wynn, Taxes, The Strip, Wall Street | 1 Comment

Eldorado’s bad quarter; Crown fights back

Posted on August 6, 2019 by David McKee

Eldorado Resorts might want to put its own house in order before engorging Caesars Entertainment. Quarterly results are out and Eldorado came in low in every category except corporate costs. Revenue misses included the West ($128 million) -$18 million, the … Continue reading →

Posted in Australia, Caesars Entertainment, Colorado, Crown Resorts, Eldorado Resorts, Entertainment, IGT, Law enforcement, Lotteries, Macau, MGM Resorts International, Ohio, Regulation, Technology, The Mob, The Strip, Wall Street | Comments Off

Caesars nixes Strip project; IGT in New England brawl

Posted on August 2, 2019 by David McKee

Caesars Entertainment has officially spiked the Kind Heaven immersive experience, part Blade Runner and part Jungle Book. VitalVegas author said of the Perry Farrell pipe dream, when it was unveiled last year, that the details ranged “from breathtakingly original to laughably … Continue reading →

Posted in Australia, Caesars Entertainment, Churchill Downs, Crown Resorts, Downtown, Economy, Eldorado Resorts, Entertainment, IGT, Illinois, Law enforcement, Politics, Rhode Island, Scientific Games, Sports betting, The Strip, Tribal, Twin River, Wendover, William Hill | Comments Off

Wynn tops in U.S. casinos; Crown in hot water again

Posted on July 30, 2019 by David McKee

Steve Wynn got some love from the contributors to TripAdvisor, whose top-three-ranked casinos in America are Wynn Las Vegas, Encore and Beau Rivage, a vindication of Wynn’s spare-no-detail approach. However, Bellagio may be showing its age, clocking in at a … Continue reading →

Posted in Atlantic City, Australia, Boulder Strip, Boyd Gaming, Caesars Entertainment, CityCenter, Cosmopolitan, Crown Resorts, Detroit, Downtown, Economy, Eldorado Resorts, Foxwoods, Golden Gaming, Indiana, Iowa, Las Vegas Sands, Law enforcement, Louisiana, M Resort, Macau, MGM Resorts International, Mississippi, Mohegan Sun, North Las Vegas, Oklahoma, Penn National, Pennsylvania, Politics, Reno, Station Casinos, Steve Wynn, Terry Caudill, The Strip, Tourism, Tribal, TV, Wynn Resorts | 1 Comment

Eldorado’s Caesars gamble; Chicago casino not welcomed

Posted on July 29, 2019 by David McKee

For those of you who are beginning to have misgivings about the Eldorado Resorts takeover of Caesars Entertainment, add The Motley Fool‘s Travis Hoium. The latter is almost never wrong, so we pay attention when he writes that “The final … Continue reading →

Posted in Caesars Entertainment, Economy, Eldorado Resorts, Genting, Illinois, New York, Politics, Wall Street | 2 Comments

Strip buoys MGM, Sands

Posted on July 26, 2019 by David McKee

According to JP Morgan analyst Joseph Greff, second-quarter results for MGM Resorts International “were better than (very subdued) investor expectations” on the Strip and in line with anticipation about Macao. Despite weak baccarat volumes in Las Vegas, the company performed “marginally … Continue reading →

Posted in Caesars Entertainment, Detroit, Eldorado Resorts, Harrah's, Las Vegas Sands, Macau, Maryland, Massachusetts, Melco Resorts & Entertainment, MGM Resorts International, Mississippi, New York, Pennsylvania, Singapore, The Strip, Tribal, Wall Street, Wynn Resorts | 1 Comment

Atlantic City: It’s not just for daytrippers anymore

Posted on July 24, 2019 by David McKee

In an in-depth feature, the New York Times comes to the Boardwalk not to scorn but to celebrate Atlantic City and what it truly has to offer. How so? Consider that of twelve principal stops, only one (Ocean Casino Resort) … Continue reading →

Posted in Atlantic City, Caesars Entertainment, Eldorado Resorts, Florida, Hard Rock International, International, New York, Ocean Resort, Seminole Tribe, Sports betting, Taxes, Tourism, Tribal | 2 Comments

One city to rule them all; “Cats” is coming for you

Posted on July 23, 2019 by David McKee

Can you believe that San José, Costa Rica is the seventh-best place to gamble? It might the best casino town of which you’ve never heard, with 30 casinos and “a quite attractive exchange rate.” That’s the conclusion of a TravelTrivia.com … Continue reading →

Posted in Atlantic City, Caesars Entertainment, Eldorado Resorts, International, Lake Tahoe, Louisiana, Macau, Movies, North Carolina, Problem gambling, Reno, Singapore, Tourism, Tribal | Comments Off

Lackluster in Louisiana; OK tribes stiff-arm Stitt

Posted on July 22, 2019 by David McKee

Whatever people in Louisiana were doing last month, gambling wasn’t it. Casino receipts were down 9% and you can’t blame it on the smoking ban in Baton Rouge (-13%), not when Lake Charles—the best market in the state—was nearly 10% … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, Churchill Downs, Eldorado Resorts, GLPI, Greenwood Racing, Internet gambling, Louisiana, North Carolina, Oklahoma, Penn National, Pennsylvania, Rush Street Gaming, Sports betting, Tilman Fertitta, Tribal | Comments Off

Sports wagering, ‘Net bets power New Jersey; Slow month in Pennsylvania

Posted on July 15, 2019 by David McKee

Despite being 7% down on a same-store basis, Atlantic City casino revenues grew 14% last month. The $236 million gross represents a 3.5% downturn in slot winnings (down 8.5% same-store) but a 26% jump at the tables (down 3.5% same-store). … Continue reading →

Posted in Atlantic City, Boyd Gaming, Caesars Entertainment, Eldorado Resorts, Greenwood Racing, Hard Rock International, Internet gambling, MGM Resorts International, Mohegan Sun, Movies, Ocean Resort, Penn National, Pennsylvania, Rush Street Gaming, Sports, Sports betting, The Strip, Tilman Fertitta, Tribal | 1 Comment