Category Archives: FanDuel

Big Trouble in Little China; The thieving nun

Carrying a 20-year-long grudge, businessman Marshall Hao is suing Las Vegas Sands for $12 billion, claiming it wronged him when it jilted his Asian American Entertainment Corp. in favor of a (short-lived) partnership with Galaxy Entertainment to get into Macao. … Continue reading

Posted in Barstool Sports, Boyd Gaming, California, Churchill Downs, Cretins, Culinary Union, DraftKings, FanDuel, Illinois, Kentucky, Lake Tahoe, Las Vegas Sands, Law enforcement, Louisiana, Macau, Missouri, New Hampshire, New York, Penn National, PointsBet, Problem gambling, Racinos, Regulation, Rush Street Gaming, Sociedade de Jogos de Macau, Sports betting, William Hill, Wyoming | 2 Comments

Don’t make mine Manhattan

That’s the word from key legislators, who have made it clear that Gov. Andrew Cuomo (D) would be putting a casino in Manhattan over their dead bodies. “I believe it would be seriously detrimental to the residential and commercial quality … Continue reading

Posted in Arizona, Atlantic City, Bally, BetMGM, Cosmopolitan, Entertainment, FanDuel, Genting, Georgia, Illinois, Las Vegas Sands, Marijuana, MGM Resorts International, Mohegan Sun, Nevada, New York, Politics, Regulation, Resort fees, Resorts World LV, Slot routes, Sports, Sports betting, Transportation, Wynn Resorts | 2 Comments

Louisiana advances, Pennsylvania recedes

Casino revenues in Louisiana enjoyed a big bounce last month, up 18% to $236 million, a substantial increase over 2019 levels. Mind you, that number was achieved without two casinos that were operational in 2019, Diamond Jacks and Isle Grand … Continue reading

Posted in Atlantic City, Barstool Sports, Baseball, BetMGM, Boyd Gaming, Caesars Entertainment, California, Churchill Downs, Cordish Co., CQ Holdings, Detroit, Dining, Donald Trump, DraftKings, Eldorado Resorts, Entertainment, FanDuel, Golden Nugget, Greenwood Racing, Hard Rock International, Internet gambling, Louisiana, MGM Resorts International, Mohegan Sun, New York, North Carolina, Penn National, Pennsylvania, Rush Street Gaming, Sports, Sports betting, Tribal, Wall Street | 1 Comment

Hard Rock, Ocean drub Borgata; Caesars massacres shows

Casinos in Atlantic City grossed $189.5 million last month, 9% behind their 2019 pace. Slots were off 5% and tables 17%. Regular top-grosser Borgata had a terrible month, falling 28%, spurring by lackluster table-game winnings (-34%), with slots tumbling 25%. … Continue reading

Posted in Atlantic City, Bally, BetMGM, Boyd Gaming, Caesars Entertainment, Conventions, DraftKings, Economy, Entertainment, FanDuel, FoxBet, Full House Resorts, Golden Nugget, Hard Rock International, Health, Indiana, Internet gambling, Lake Tahoe, MGM Resorts International, Mohegan Sun, New Jersey, Penn National, PointsBet, Rush Street Gaming, Silverton, Spectacle Entertainment, Sports, Sports betting, The Rio, The Strip, Wayne F. Newton, William Hill, Wynn Resorts | 3 Comments

Station: No more buffets, less free play; Covid? What Covid?

Said JP Morgan analyst Joseph Greff “not to worry, money losing buffets are not coming back” to Station Casinos. We can take this as gospel, since he got it from CEO Frank Fertitta III, Vice Chairman Lorenzo Fertitta and CFO … Continue reading

Posted in Atlantic City, Australia, Barstool Sports, BetMGM, Boyd Gaming, California, Colorado, Crown Resorts, Dining, DraftKings, Drugs, Economy, Entertainment, FanDuel, Health, Internet gambling, Kentucky, Lotteries, Marketing, MGM Resorts International, Michigan, New York, Ohio, Palms, Penn National, Real Estate, Regulation, Reno, Silverton, Sports betting, Station Casinos, Taxes, Tribal | 3 Comments

MGM dumps Springfield; Gaming recovery a proven fact

MGM Resorts International isn’t quitting Springfield but it’s taking a bath on its eponymous casino in order to reduce its exposure to the (disappointing) market. MGM spent $960 million on the resort, which has never performed up to expectations, and … Continue reading

Posted in AGA, Atlantic City, BetMGM, Caesars Entertainment, Cordish Co., Dining, DraftKings, Economy, Entertainment, FanDuel, Golden Gaming, Hard Rock International, Health, Internet gambling, Massachusetts, MGM Resorts International, Ocean Resort, Pennsylvania, Real Estate, Regulation, Resort fees, South Dakota, Sports, Sports betting, Tennessee, The Strip, Wall Street, Wynn Resorts | 1 Comment

Wynn gaining steam; Miami Beach casino juice job dismissed

First-quarter results for Wynn Resorts were worse than expected in Macao but better than anticipated in both Las Vegas and Boston, while the company posted a revenue chasm around Wynn Interactive. To shore up the latter, Wynn is merging it … Continue reading

Posted in Bally, BetMGM, Boyd Gaming, Caesars Entertainment, Century Casinos, Conventions, Donald Trump, DraftKings, FanDuel, Florida, Hard Rock International, Horseracing, Illinois, Internet gambling, Macau, Marketing, Massachusetts, Missouri, Nevada, New York, Ohio, Penn National, Pennsylvania, Politics, Regulation, Seminole Tribe, Sociedade de Jogos de Macau, Sports betting, The Strip, Tourism, Tribal, TV, Virginia, Wall Street, Wynn Resorts | Comments Off on Wynn gaining steam; Miami Beach casino juice job dismissed

Illinois’ surprise; Scandal at Churchill Downs; Palms complications

Gambling revenue of $108 million out of Illinois last month looks pallid at first glance. But consider this: It was only 6% off April 2019’s pace, when casinos were at full capacity and last month they did it at 50% … Continue reading

Posted in Bally, Barstool Sports, Boyd Gaming, Caesars Entertainment, Churchill Downs, Conventions, Culinary Union, Dining, Diversity, DraftKings, Drugs, Economy, FanDuel, history, Horseracing, Indiana, Iowa, Las Vegas Sands, Macau, MGM Resorts International, Missouri, Palms, Penn National, PointsBet, Rush Street Gaming, Slot routes, Sociedade de Jogos de Macau, Sports, Sports betting, Station Casinos, The Strip, Tourism, Tribal, William Hill, Wynn Resorts | 2 Comments

DraftKings’ mixed results; Penn waxes, Iowa wanes

DraftKings exceeded analysts’ expectations with its 1Q21 revenues, leading Credit Suisse‘s Ben Chaiken to boost his 2021 revenue projection by $100 million, to $1.1 billion, in part “reflecting strength in new states such as Michigan.” Wall Street anticipated $239 million … Continue reading

Posted in AGA, Arizona, Barstool Sports, Baseball, BetMGM, Boyd Gaming, Caesars Entertainment, California, Derek Stevens, Diversity, DraftKings, FanDuel, Golden Gaming, Illinois, Internet gambling, Iowa, Marketing, Maryland, Michigan, Nevada, New York, Penn National, Pennsylvania, Slot routes, Sports, Sports betting, Tribal, Virginia, Wall Street, William Hill, Wynn Resorts, Wyoming | 1 Comment

Big win for Seminoles?; Parx the deadliest track of all

Florida Gov. Ron DeSantis (R) succeeded where predecessor Rick Scott failed, inking a pact with the Seminole Tribe that would unlock the $35o million a year that the Seminoles have been holding in escrow. In return, the tribe gets a … Continue reading

Posted in Animals, Bally, BetMGM, Boyd Gaming, Caesars Entertainment, Churchill Downs, Cirque du Soleil, Cordish Co., Crown Resorts, Downtown, DraftKings, Entertainment, FanDuel, Florida, Greenwood Racing, Hawaii, Horseracing, Internet gambling, James Packer, Las Vegas Sands, Massachusetts, MGM Resorts International, New York, Ohio, Pennsylvania, Politics, Regulation, Seminole Tribe, Sports betting, Taxes, Tennessee, The Strip, Transportation, Virginia, Wall Street, William Hill, Wynn Resorts | Comments Off on Big win for Seminoles?; Parx the deadliest track of all

BetMGM “very credible”; Recovery at Sands “gradual”

That’s how JP Morgan analyst Joseph Greff described an evidently persuasive virtual meeting with BetMGM covering the latter’s recent results and strategic objectives. “To us, this was a credible presentation (particularly with its customer acquisition and retention objectives and operating … Continue reading

Posted in Alabama, Atlantic City, Bally, California, Canada, China, Cosmopolitan, Culinary Union, Dotty's, DraftKings, Economy, FanDuel, Illinois, Internet gambling, Las Vegas Sands, Louisiana, Macau, Marketing, MGM Resorts International, Michigan, Mohegan Sun, Nevada, New Jersey, New York, Ocean Resort, Politics, Regulation, Singapore, Slot routes, Texas, The Strip, Tribal, Wall Street, Wynn Resorts | Comments Off on BetMGM “very credible”; Recovery at Sands “gradual”

Michigan sports betting, i-gaming surge; AGA chases renegade slots

Say what you like about Michigan, it’s giving New Jersey and Pennsylvania a literal run for their money in Internet gambling. Win/day is just over $3 million, close behind the Keystone State’s $3.15 million and challenging the Garden State’s $3.65 … Continue reading

Posted in AGA, Arizona, Atlantic City, Barstool Sports, Caesars Entertainment, Churchill Downs, Dining, DraftKings, Economy, FanDuel, Florida, FoxBet, Hawaii, Health, Illinois, Indiana, Internet gambling, Kansas, Las Vegas Sands, Lotteries, Macau, Massachusetts, MGM Resorts International, Michigan, Minnesota, Mississippi, Nevada, New Jersey, Ohio, Oklahoma, Pennsylvania, PointsBet, Problem gambling, Regulation, Reno, Resorts World LV, Rhode Island, Rush Street Gaming, Slot routes, South Dakota, Sports, Sports betting, Taxes, Tribal, Wall Street, William Hill, Wynn Resorts | 1 Comment

Atlantic City disappoints, Internet gambling doesn’t

We’re going to have revise our prediction that Atlantic City would recover from Covid-19 faster than Las Vegas. Not at the rate things are going. March casino win was down 17% from 2019, coming in at $185 million. The Caesars … Continue reading

Posted in Alabama, Arizona, Atlantic City, Bally, Caesars Entertainment, China, DraftKings, FanDuel, Florida, Golden Nugget, Hard Rock International, Health, Internet gambling, Lotteries, MGM Resorts International, Mohegan Sun, New Jersey, New York, Ocean Resort, Pennsylvania, Philippines, Politics, Regulation, Seminole Tribe, Sports, Sports betting, Taxes, The Strip, Tribal, Wall Street, William Hill, Wynn Resorts | 3 Comments

Pennsylvania booms and busts, Massachusetts lags

Casino revenues were $270.5 million last month in Pennsylvania, down 22% from March 2019, another exception to the wave of recovery sweeping the country. Slots accounted for $199 million, tables for $71.5 million. Casinos were held to 50% of capacity, … Continue reading

Posted in Aristocrat, Barstool Sports, Boyd Gaming, Caesars Entertainment, Churchill Downs, Colony Capital, Conventions, Cordish Co., Dining, DraftKings, Election, FanDuel, FoxBet, Greenwood Racing, Health, history, Illinois, Internet gambling, Massachusetts, MGM Resorts International, Mohegan Sun, Nebraska, Nevada, New Jersey, Ohio, Penn National, Pennsylvania, Politics, Racinos, Rush Street Gaming, Scientific Games, Sports betting, The Strip, Tourism, Tribal, Wall Street, Wynn Resorts | Comments Off on Pennsylvania booms and busts, Massachusetts lags

Missouri booms; Trop sale a steal of a deal

After a hiccup in Indiana, gaming revenues continued to march (pun unintended) upward from 2019 levels, which were pretty darn robust. Missouri gained 6% for a gross of $176.5 million, “one of the best months ever” according to JP Morgan … Continue reading

Posted in Arizona, Bally, Boyd Gaming, Caesars Entertainment, Century Casinos, DraftKings, FanDuel, GLPI, Health, Iowa, MGM Resorts International, Missouri, Penn National, Regulation, Rush Street Gaming, Sports, Sports betting, Tamares Group, The Strip, Tribal, Wall Street, William Hill, Wisconsin | 3 Comments

Trop flipped; Arizona, Maryland join sports-betting club

The Gaming & Leisure Properties Inc. regime at Tropicana Las Vegas was (as planned) a short-lived one. GLPI just announced that it has flipped the Trop to Bally’s Corp., which evidently couldn’t wait one minute longer to get onto the … Continue reading

Posted in Arizona, Atlantic City, Bally, Caesars Entertainment, Canada, Colorado, Delaware, Downtown, DraftKings, Entertainment, FanDuel, Foxwoods, GLPI, Golden Nugget, Illinois, Indiana, Iowa, Japan, Las Vegas Sands, Marketing, Maryland, MGM Resorts International, Mohegan Sun, Nevada, Penn National, Politics, Regulation, Sports, Sports betting, Tribal, Wall Street, William Hill | 1 Comment

It’s DraftKings’ world, we just live in it; Musk tunnel panned

While Coronavirus and the ensuing shut-ins were very good for DraftKings by virtually every metric, CEO Jason Robins says the fun is just beginning. He told the Boston Globe that the pandemic has ratified his business model, which presumed the … Continue reading

Posted in Alabama, Architecture, Atlantic City, Barstool Sports, Boyd Gaming, Caesars Entertainment, Cordish Co., DFS, Dining, DraftKings, FanDuel, Health, Illinois, Indiana, Internet gambling, Japan, Lotteries, Marketing, Massachusetts, MGM Resorts International, Ocean Resort, Penn National, Pennsylvania, PointsBet, Politics, Racinos, Security, Spectacle Entertainment, Sports, Sports betting, The Strip, Transportation, Wall Street | Comments Off on It’s DraftKings’ world, we just live in it; Musk tunnel panned

Vegas hears wedding bells; Sahara upscales; Mega-Jottings

All-important Baby Boomer customers are ‘trickling‘ back to Las Vegas, according to the Las Vegas Review-Journal. That’s the latest positive augury for Sin City. Better still, the destination-wedding biz is “bursting,” per Forbes, and what place is more synonymous with … Continue reading

Posted in Alex Meruelo, Barstool Sports, Boyd Gaming, Caesars Entertainment, China, Dining, Downtown, DraftKings, Economy, Entertainment, FanDuel, Greenwood Racing, Health, Illinois, Japan, Macau, Maryland, Mohegan Sun, Ohio, Oklahoma, Pennsylvania, Real Estate, Regulation, Rush Street Gaming, Sports, Sports betting, The Rio, The Strip, Tribal, Wall Street | 1 Comment

Virginia sports betting debuts large; ‘CSI’ back in Vegas

Virginia has now had two full months of sports betting and February handle was an impressive $266 million—not quite the explosion that Michigan was but still noteworthy as the second-biggest debut in U.S. history. Reacted PlayUSA analyst Dustin Gouker, “The … Continue reading

Posted in Dining, DraftKings, Entertainment, FanDuel, Full House Resorts, Genting, Health, Indiana, Law enforcement, Massachusetts, MGM Resorts International, Mississippi, North Carolina, Philippines, Problem gambling, Regulation, Resorts World LV, Rush Street Gaming, Sports, Sports betting, Taxes, Tribal, TV, Virgin Hotels, Virginia, William Hill, Wynn Resorts | 2 Comments

Massachusetts gaming a success; Cuomo gains upper hand in NY

A University of Massachusetts Amherst panel led by respected academic Rachel Volberg has been studying casino gambling in Massachusetts and likes most of what it finds. It concluded that Bay State dollars had been significantly repatriated from neighboring states (the … Continue reading

Posted in AGA, Arizona, Barstool Sports, Baseball, California, Cordish Co., Derek Stevens, Diversity, DraftKings, Economy, FanDuel, Georgia, Health, Macau, Marketing, Massachusetts, New Hampshire, Penn National, Pennsylvania, Politics, Problem gambling, Rush Street Gaming, Sports, Sports betting, Taxes, Tourism, Tribal, Wall Street, Wynn Resorts | 2 Comments