Category Archives: GLPI

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

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

The Drew makes bold promises; GLPI gleeful

Posted on November 1, 2019 by David McKee

Steven Witkoff buried the lead when announcing that Bobby Baldwin had been called out of retirement to become CEO of The Drew. Witkoff’s PR peeps said that the project was in “final preparations for construction,” which is the first movement … Continue reading →

Posted in Ameristar, Caesars Entertainment, California, CityCenter, Detroit, DFS, Dining, Fontainebleau, G2E, GLPI, history, Las Vegas Sands, Lotteries, Louisiana, Macau, Maryland, Michigan, Politics, Sports betting, Taxes, The Strip, Tribal, Vdara Death Ray, Wall Street | Comments Off on The Drew makes bold promises; GLPI gleeful

Station fixation; MGM Grand for sale (again)

Posted on October 30, 2019 by David McKee

Citing its own study, the Culinary Union is accusing Station Casinos of running unsafe workplaces. Sample: “Nearly one-fifth (18%) of survey respondents who have not received training in biohazards said they clean biohazards.” The study targets Boulder Station, Green Valley … Continue reading →

Posted in Caesars Entertainment, CityCenter, Culinary Union, Dubai, GLPI, MGM Resorts International, Penn National, Station Casinos, Steve Wynn, Wall Street | Comments Off on Station fixation; MGM Grand for sale (again)

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

Trail of breadcrumbs; Survey says …

Posted on October 15, 2019 by David McKee

Waiting for “breadcrumbs to fall off the truck.” That’s Gaming & Leisure Properties‘ self-described business plan. GLPI execs, including CEO Peter Carlino (left), were in Las Vegas for Global Gaming Expo and took the opportunity to chat with J.P. Morgan … Continue reading →

Posted in AGA, Cosmopolitan, Economy, Entertainment, GLPI, history, Las Vegas Sands, MGM Mirage, Penn National, Real Estate, The Strip, Tourism, Tribal, TV | Comments Off on Trail of breadcrumbs; Survey says …

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

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

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

Rock the casbah; The risks of Japan

Posted on August 9, 2019 by David McKee

Although Israel continues to outlaw casinos, undoubtedly to Sheldon Adelson‘s deep regret, the Middle East is pustulent with gaming houses. Yes, the Koran forbids it but that’s hardly stopping anyone. Egypt stands out with roughly 15 casinos, supposedly off-limits to … Continue reading →

Posted in Animals, Atlantic City, Caesars Entertainment, Genting, GLPI, Illinois, Indiana, International, Japan, Las Vegas Sands, Macau, Melco Resorts & Entertainment, Movies, Ohio, Pennsylvania, Scientific Games, Sheldon Adelson, Singapore, Sports betting, Taxes, The Strip, Tourism, Wall Street | 2 Comments

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

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 on Lackluster in Louisiana; OK tribes stiff-arm Stitt

Rivers Casino’s threefold secret

Posted on July 8, 2019 by David McKee

It can be summed precisely as follows: location, location, location. Not only is Rivers Casino Des Plaines proximate to both Chicago and O’Hare International Airport, it sits at the nexus of two interstate highways, literally within a stone’s throw of … Continue reading →

Posted in Architecture, Boyd Gaming, Caesars Entertainment, Churchill Downs, Economy, Eldorado Resorts, GLPI, Golden Gaming, Harrah's, Illinois, Kazuo Okada, Macau, Penn National, Philippines, Rush Street Gaming, Singapore, Station Casinos, Steve Wynn | Comments Off on Rivers Casino’s threefold secret

Caesars deal takes shape; Carlino out at Penn

Posted on June 10, 2019 by David McKee

We hope Anthony Rodio isn’t getting too comfy in his CEO chair over at Caesars Entertainment. News reports have been heating up about at Caesars takeover, with Eldorado Resorts continuing to have the inside track and reportedly planning to replace … Continue reading →

Posted in Atlantic City, Boyd Gaming, Caesars Entertainment, Carl Icahn, DFS, Eldorado Resorts, Entertainment, GLPI, Iowa, Missouri, Neil Bluhm, Nevada, Penn National, Phil Ruffin, Problem gambling, Tilman Fertitta, Wall Street | 2 Comments

Honeymoon in Illinois; Contraction in Maryland

Posted on June 7, 2019 by David McKee

Illinois lawmakers think casino gambling is a bottomless well of revenue, as witnessed by their recent approval of five new gambling houses and three racinos (just for starters). However, last month’s actual revenues were less than auspicatory. At $118 million, … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, Churchill Downs, Cordish Co., Eldorado Resorts, GLPI, Illinois, Maryland, MGM Resorts International, Penn National, Rush Street Gaming, West Virginia | Comments Off on Honeymoon in Illinois; Contraction in Maryland

The Sahara returns, hurray

Posted on June 4, 2019 by David McKee

Proving that you can’t keep a classic brand down, Alex Meruelo is ditching meaningless SLS Las Vegas and bringing back Sahara Hotel & Casino for the place locals never stopped thinking of as “the Sahara.” It’s too late to restore the … Continue reading →

Posted in Alex Meruelo, Carl Icahn, Dining, Environment, GLPI, Louisiana, Maryland, MGM Resorts International, Penn National, Sahara, Sam Nazarian, SLS Las Vegas, The Strip, Wall Street | 1 Comment

Stability in the heartland; The lure of “NashVegas”

Posted on May 9, 2019 by David McKee

Last month’s gaming revenues from Ohio and Illinois were flat year/year. Some would look at that as a bad thing but it shows the states aren’t losing significant play to neighboring states. Ohio casinos grossed $160 million, with MGM Northfield … Continue reading →

Posted in Australia, Boyd Gaming, Caesars Entertainment, Canada, Churchill Downs, Crown Resorts, Dan Gilbert, Dining, Eldorado Resorts, Georgia, GLPI, Illinois, Law enforcement, Macau, MGM Resorts International, Mississippi, Ohio, Penn National, Pennsylvania, Rush Street Gaming, Sports, Sports betting, The Strip, Tourism, Wall Street, Wynn Resorts | Comments Off on Stability in the heartland; The lure of “NashVegas”

Solid month for Maryland; Casino sale aborted

Posted on May 7, 2019 by David McKee

Maryland casino revenues inched up to $145 million last month, led by MGM National Harbor with $61 million and 42% of market share. Maryland Live, no surprise, was second with 33% and $48 million (+2%). Horseshoe Baltimore grossed $20 million … Continue reading →

Posted in Atlantic City, Caesars Entertainment, Churchill Downs, Cordish Co., GLPI, Golden Gaming, Illinois, Internet gambling, Iowa, Lotteries, Macau, Maryland, Melco Resorts & Entertainment, MGM Resorts International, Missouri, Mohegan Sun, Nebraska, Penn National, Politics, Regulation, Sports betting, Tribal, TV, Wall Street, West Virginia | Comments Off on Solid month for Maryland; Casino sale aborted

Tunica: Another one bites the dust

Posted on April 18, 2019 by David McKee

Even before Arkansas casinos could clear their holsters, a third Tunica property has bitten the dust. Penn National Gaming took the hit, as Resorts Casino Tunica was announced to close on June 30, leaving six casinos in the rural Mississippi … Continue reading →

Posted in Architecture, Arkansas, Caesars Entertainment, California, Colony Capital, Economy, GLPI, Mississippi, Penn National, Tribal, Washington State | 1 Comment