Category Archives: GLPI

Wynn’s disgrace continues; Robots overthrow Las Vegas

Posted on February 1, 2018 by David McKee

It’s getting to the point that one wishes Steve Wynn would just go away quietly and take the saga of his sagging, septuagenarian genitals with him. But the news is rarely convenient like that. Fox News is reporting that the … Continue reading →

Posted in Colony Capital, Economy, GLPI, history, Illinois, Iowa, Massachusetts, Regulation, Steve Wynn, Technology, Unite-Here | 3 Comments

Adelson: Big is more; MGM misses important deadline

Posted on January 26, 2018 by David McKee

Wall Street analysts expected Las Vegas Sands to post cash flow of $718 million last quarter but it blew through the ‘stop’ sign and checked in with $731 million. Even though recovering from three cracked ribs, CEO Sheldon Adelson had … Continue reading →

Posted in Ameristar, Architecture, Cordish Co., Galaxy Entertainment, GLPI, Greenwood Racing, Illinois, Internet gambling, Law enforcement, Macau, Massachusetts, MGM Mirage, Missouri, Penn National, Pennsylvania, Politics, Problem gambling, Regulation, Sheldon Adelson, Steve Wynn, Taxes, Tropicana Entertainment | 1 Comment

Bumpy December in Louisiana; Paddock mystery deepens

Posted on January 23, 2018 by David McKee

Louisiana gaming receipts ($227 million) were flat last month, although there were a number of little dramas being played out behind that bland façade. Lake Charles was up 7% and Baton Rouge casinos plunged 17%. L’Auberge du Lac was flat, … Continue reading →

Posted in Boyd Gaming, California, Churchill Downs, Eldorado Resorts, GLPI, Harrah's, Isle of Capri, Law enforcement, Louisiana, Mandalay Bay Massacre, Mesquite, Pinnacle Entertainment, Politics, Regulation, Tilman Fertitta, Tribal, Tropicana Entertainment, Unite-Here | Comments Off

Carnage in Pennsylvania; Fortune Cup takes on Sigma Derby

Posted on January 15, 2018 by David McKee

*Slot revenues at Pennsylvania casinos are in and if JP Morgan‘s numbers are correct they were terrible. According to Morgan analysts slot winnings dove 27%, bottoming out at $187.5 million. Worst off was Sands Bethlehem ($25 million), sinking 44%, followed … Continue reading →

Posted in Boyd Gaming, Dan Gilbert, Delaware, Detroit, Eldorado Resorts, GLPI, Greenwood Racing, Harrah's, Internet gambling, Massachusetts, MGM Mirage, Minnesota, Neil Bluhm, Nevada, Penn National, Pennsylvania, Pinnacle Entertainment, Politics, Sheldon Adelson, Sports, Station Casinos, Taxes, Technology, Tourism, Tribal, Wall Street, West Virginia | Comments Off

Case Bets: Maryland, Illinois, New Jersey, The Strip, etc.

Posted on January 8, 2018 by David McKee

MGM National Harbor goes from strength to strength. Last month, it captured 40% of Maryland market share en route to a $56.5 million gross (for a property record of $1.8 million gross gaming revenue per day). Maryland Live, hanging onto … Continue reading →

Posted in Aristocrat, Atlantic City, Boyd Gaming, California, Churchill Downs, Cordish Co., Dining, Economy, Entertainment, GLPI, Golden Gaming, Harrah's, Illinois, Maryland, MGM Mirage, Neil Bluhm, Penn National, Politics, Sports, Station Casinos, The Strip, West Virginia | Comments Off

Rethinking riverboats in Louisiana; Santa hearts Boyd; High and dry

Posted on December 21, 2017 by David McKee

Baton Rouge is one of the markets that hews to the archaic practice of mandating that godless gambling be conducted over water. H2O has remarkable cleansing properties on filthy casino lucre, it seems. At any rate, even though L’Auberge Baton … Continue reading →

Posted in Architecture, Boyd Gaming, Churchill Downs, Current, Economy, Eldorado Resorts, GLPI, Greenwood Racing, Internet gambling, Isle of Capri, Louisiana, Macau, Palms, Penn National, Pennsylvania, Pinnacle Entertainment, Politics, Regulation, Sheldon Adelson, Sports, Station Casinos, Taxes, Tilman Fertitta, Tropicana Entertainment, Wall Street | 1 Comment

The Deal of the Year

Posted on December 19, 2017 by David McKee

Ever-ravenous Penn National Gaming gulped down Pinnacle Entertainment over the weekend, paying $2.8 billion for a collection of top-quality gaming assets. Among other benefits, the deal strengthens Penn’s position in its home state, as it gets The Meadows racino, doubling … Continue reading →

Posted in Ameristar, Boyd Gaming, Colorado, Economy, Eldorado Resorts, GLPI, International, Iowa, Louisiana, Massachusetts, Missouri, Ohio, Penn National, Pennsylvania, Pinnacle Entertainment, Racinos, Station Casinos, Taxes, Tourism, Transportation, Wall Street | 3 Comments

Malaise in Illinois, optimism in Ohio; Frissora’s smooth move

Posted on December 8, 2017 by David McKee

Illinois casinos have never recovered from the double-whammy of the Great Recession and a smoking band, and now they have to contend with slot routes. Last month they were down 2.5% statewide($108.5 million). Taking a closer look, two riverboats were … Continue reading →

Posted in Boyd Gaming, Dan Gilbert, Eldorado Resorts, GLPI, Hard Rock International, Harrah's, Illinois, Indiana, International, MGM Mirage, Ohio, Penn National, Pennsylvania, Pinnacle Entertainment, Politics, Racinos, Sheldon Adelson | Comments Off

National Harbor rules; #VegasAmnesia anyone?

Posted on November 7, 2017 by David McKee

Last week I was saying that anyone who thinks the Washington, D.C.-Baltimore corridor can absorb another casino doesn’t have their head screwed on right. Well, the latest numbers are in and S&G feels more validated than ever. Maryland Live ($46 … Continue reading →

Posted in Boyd Gaming, Colorado, Cordish Co., GLPI, Harrah's, Louisiana, Mandalay Bay Massacre, Maryland, MGM Mirage, Neil Bluhm, Penn National, Pennsylvania, Pinnacle Entertainment, Slot routes, Tourism, Wall Street, West Virginia | 1 Comment

Case Bets

Posted on November 2, 2017 by David McKee

In an early Christmas present to gaming historians, the Center for Gaming Research at UNLV has unveiled the Harrah’s Entertainment Corporate Archives, focusing on the 1940-2000 period. In other words, it doesn’t just go back to the beginning but before … Continue reading →

Posted in GLPI, Harrah's, history, Illinois, Lake Tahoe, Mandalay Bay Massacre, Missouri, Pinnacle Entertainment, Reno, Sports, The Strip, Tropicana Entertainment | Comments Off

Macao rockets ahead; SLS sale snagged

Posted on November 1, 2017 by David McKee

While we share Galaxy Entertainment Chairman Lui-Che Woo‘s circumspection about announcing a full recovery in Macao, gaming revenues continue to ignore the ‘stop’ signs. Last month they rocketed up 22%, which “blows past expectations,” according to Deutsche Bank analyst Carlo Santarelli, … Continue reading →

Posted in GLPI, Illinois, Macau, Mandalay Bay Massacre, MGM Mirage, Mohegan Sun, Politics, Racinos, Sahara, Sam Nazarian, Sheldon Adelson, Slot routes, SLS Las Vegas, Steve Wynn, The Strip, Tribal, Wall Street | Comments Off

Crown in hot water again; Wynn and whimsy

Posted on October 20, 2017 by David McKee

Crown Resorts just can’t stay out of trouble. On the first anniversary (roughly) of the arrest of the Crown 18 in China, the casino giant stands accused of rigging video poker machines. Parliamentary lone wolf and anti-gambling crusader Andrew Wilkie … Continue reading →

Posted in Architecture, Australia, Boyd Gaming, Churchill Downs, Eldorado Resorts, GLPI, Harrah's, Isle of Capri, James Packer, Louisiana, Massachusetts, Pinnacle Entertainment, Regulation, Steve Wynn, The Crown 18, Tilman Fertitta | 2 Comments

Penn, Pinnacle to merge?

Posted on October 6, 2017 by David McKee

Writes Deutsche Bank analyst Carlo Santarelli, “according to people familiar with the matter, Penn National has conducted on again off again discussions to acquire Pinnacle Entertainment.” He warns that “a long list of questions, which may or may not make a … Continue reading →

Posted in Ameristar, GLPI, Golden Gaming, Harrah's, Maryland, MGM Mirage, Mississippi, Missouri, Ohio, Penn National, Pennsylvania, Pinnacle Entertainment, Regulation, Wall Street, West Virginia | 2 Comments

Placidity in Indiana; Irma inconveniences card sharps

Posted on September 11, 2017 by David McKee

It was a flat August in the Hoosier State, as casino executives look toward Four Winds Casino in South Bend with trepidation. Perhaps it is the vampiric rise of slot routes in Illinois, but the northern tier of Indiana casinos … Continue reading →

Posted in Ameristar, Boyd Gaming, Dan Lee, Eldorado Resorts, Environment, Florida, Full House Resorts, GLPI, Harrah's, Illinois, Indiana, Isle of Capri, MGM Mirage, Missouri, Penn National, Pinnacle Entertainment, Racinos, Seminole Tribe, The Strip, Tribal, Tropicana Entertainment, Wall Street, World Series of Poker | Comments Off

Illinois lackluster, Ohio strong; New attraction for Strip

Posted on September 8, 2017 by David McKee

Illinois is coming off a flat August. The good news is that it’s an improvement on last year’s 2% decline. The bad news is that the lost business doesn’t appear to be coming back. Deutsche Bank analyst Carlo Santarelli reports … Continue reading →

Posted in Boyd Gaming, Dining, Eldorado Resorts, Entertainment, GLPI, Hard Rock International, Harrah's, Illinois, MGM Mirage, Neil Bluhm, Ohio, Penn National, Pinnacle Entertainment, Racinos, The Strip, Wall Street | Comments Off

F-blew sale rumored; New Jersey legitimizes DFS

Posted on August 28, 2017 by David McKee

According to VitalVegas, Carl Icahn finally has finally hooked a big one and the upshot will be a long-delayed sale of Fontainebleau for $650 million. Uncle Carl has long since recouped his bargain-basement purchase price by selling off everything wasn’t … Continue reading →

Posted in Affinity Gaming, Atlantic City, Boulder Strip, Boyd Gaming, Carl Icahn, Derek Stevens, Donald Trump, Downtown, Fontainebleau, Genting, GLPI, Hard Rock Hotel, Harrah's, history, Internet gambling, Lucky Dragon, LVCVA, M Resort, MGM Mirage, North Las Vegas, Palms, Penn National, Politics, SLS Las Vegas, Station Casinos, Taxes, Terry Caudill, The Strip, Wall Street, Westgate LV | 1 Comment

Murren blasts hate groups; 21st century strippers

Posted on August 22, 2017 by David McKee

Reverberations from Charlottesville were felt on the Las Vegas Strip last week when MGM Resorts International CEO Jim Murren wrote to all employees, saying in part, “You have my commitment that we will vigorously and zealously continue to reject hate speech … Continue reading →

Posted in Cretins, Culinary Union, Dan Gilbert, Detroit, GLPI, history, MGM Mirage, North Dakota, Penn National, Pennsylvania, Pinnacle Entertainment, Politics, Sheldon Adelson, Technology | Comments Off

Fertitta scourges Pelican State rules; Macao biz booms for Wynn

Posted on August 21, 2017 by David McKee

“Let’s not kid ourselves: that barge is concrete. It’s not going anywhere.” With those words, Tilman Fertitta launched one of several broadsides at absurd Louisiana regulations on casinos. Not only do Pelican State casinos still have to sit in water, … Continue reading →

Posted in Boyd Gaming, Churchill Downs, Eldorado Resorts, Entertainment, Environment, Foxwoods, GLPI, Greenwood Racing, Harrah's, Internet gambling, Iowa, Isle of Capri, Japan, Louisiana, Macau, MGM Mirage, Pennsylvania, Pinnacle Entertainment, Politics, Problem gambling, Racinos, Regulation, Sheldon Adelson, Steve Wynn, Tilman Fertitta, Tropicana Entertainment, Warner Gaming | Comments Off

Smoke in their eyes; Trump in Macao a “long shot”

Posted on August 11, 2017 by David McKee

Casinos in Baton Rouge are going to have to stub out those cigarettes and get ready for a smoke-free existence. The Metropolitan Council of the City of Baton Rouge & Parish of East Baton Rouge voted to approve an ordinance banning smoking … Continue reading →

Posted in Ameristar, Donald Trump, Eldorado Resorts, Environment, GLPI, Harrah's, Isle of Capri, Macau, Penn National, Pennsylvania, Pinnacle Entertainment, Tropicana Entertainment, Wall Street | Comments Off

Station’s “weakness” a strength; Ohio bucks the odds

Posted on August 9, 2017 by David McKee

Looking back at Station Casinos’ 2Q17 results, Deutsche Bank analyst Carlo Santarelli noted that the picture was clouded by construction activity at Palace Station and the Palms. But, while short-term investors would likely have their patience tested, he wrote, “we think long … Continue reading →

Posted in Ameristar, Boyd Gaming, Dan Gilbert, Dan Lee, Economy, Eldorado Resorts, Full House Resorts, GLPI, Hard Rock International, Harrah's, Indiana, Majestic Star, Ohio, Penn National, Pinnacle Entertainment, Racinos, Station Casinos, Tropicana Entertainment, Wall Street | Comments Off