Category Archives: GLPI

Slippage in Illinois; MGM carries Maryland

Posted on August 7, 2017 by David McKee

One less weekend day than last year proved costly for casinos in Illinois, where gaming revenue fell 2.5% in July. (It had been flat in 2016.) True, the creeping effect of slot routes may have played a role but speculation … Continue reading →

Posted in CityCenter, Cordish Co., GLPI, Golden Gaming, Harrah's, Illinois, Maryland, MGM Mirage, Neil Bluhm, Penn National, Racinos, The Strip, Tourism, West Virginia | Comments Off

Louisiana: Hot in June

Posted on July 21, 2017 by David McKee

Gambling revenues in the Pelican State enjoyed a 5% jump last month, reaching $213 million (not counting slot routes). How good was business? The “worst performing” market, Lake Charles, was up 1%. L’Auberge du Lac ($27 million) had an aberrantly … Continue reading →

Posted in Boyd Gaming, California, Churchill Downs, Eldorado Resorts, GLPI, Harrah's, Isle of Capri, Law enforcement, Louisiana, Penn National, Pinnacle Entertainment, Racinos, Tilman Fertitta, Tribal, Tropicana Entertainment | Comments Off

Good news across the Midwest; Pennsylvania blows it (again)

Posted on July 10, 2017 by David McKee

An extra weekend day may have made all the difference for Illinois, where gross gaming revenues rose 2% last month. The good news was spread pretty evenly throughout the market, except at Jumer’s Casino Rock Island, which slipped 6%, to … Continue reading →

Posted in Affinity Gaming, Ameristar, Boyd Gaming, Dan Gilbert, Dan Lee, Eldorado Resorts, Full House Resorts, GLPI, Harrah's, Illinois, Indiana, Internet gambling, Isle of Capri, Majestic Star, MGM Mirage, Missouri, Neil Bluhm, Ohio, Penn National, Pennsylvania, Pinnacle Entertainment, Politics, Racinos, Tropicana Entertainment | Comments Off

National Harbor cleans up; A peek inside Resorts World Las Vegas

Posted on July 6, 2017 by David McKee

MGM National Harbor drove a 40% increase in Maryland gambling revenues last month. The $50.5 million gross at MGM was evenly divided between table games and slots. Since the latter are taxed at a far higher rate, MGM won’t be … Continue reading →

Posted in Animals, Architecture, Atlantic City, California, Cordish Co., Economy, Entertainment, Genting, GLPI, Golden Gaming, Hard Rock International, Harrah's, Maryland, MGM Mirage, Penn National, Racinos, The Strip, Tribal, West Virginia | 1 Comment

Pinnacle wins, Boyd loses in Louisiana

Posted on June 20, 2017 by David McKee

After a fairly calamitous May of 2016, last month was smooth sailing for Louisiana casinos, up 6% overall. True, Shreveport/Bossier City was flat but Lake Charles rose 9%, New Orleans increased 5% and Baton Rouge — look out! — was … Continue reading →

Posted in Boyd Gaming, Churchill Downs, Eldorado Resorts, GLPI, Harrah's, Louisiana, Pinnacle Entertainment, Tilman Fertitta, Tropicana Entertainment | Comments Off

Wynn: Up in smoke; Mohegan by any other name

Posted on June 16, 2017 by David McKee

Wynn Resorts is pursuing a no-tolerance policy toward high-rolling customers associated with corporate cannabis. “I can confirm that I was permanently banned from gambling at Wynn Resorts on June 7, 2017 due to my role as Chairman and CEO of … Continue reading →

Posted in Atlantic City, Boyd Gaming, Donald Trump, Downtown, GLPI, Hard Rock International, Law enforcement, Mohegan Sun, Penn National, Pennsylvania, Regulation, Seminole Tribe, South Korea, Steve Wynn, Tamares Group, Taxes, The Strip, Tribal, Vietnam | 1 Comment

Pennsylvania bill gives some, takes more; MGM discloses new plans

Posted on June 8, 2017 by David McKee

Pennsylvania‘s House of Representatives has passed a gambling-expansion bill that gives with one hand but takes away more with the other. The bill, which still must pass the state Senate would: legalize DFS, pending a 19% tax and $50,000 licensing … Continue reading →

Posted in CityCenter, Dan Gilbert, GLPI, Hard Rock International, Internet gambling, Macau, MGM Mirage, Ohio, Penn National, Pennsylvania, Pinnacle Entertainment, Politics, Slot routes, Taxes, Wall Street | 1 Comment

Quote of the Day

Posted on June 7, 2017 by David McKee

“’We had [Pittsburgh] Steelers jerseys waiting for them when they arrived, which they took with them, but didn’t want to put on,’” recalled Meadows general manager Rod Centers. The Steelers won that matchup in a 43-14 blowout, and Centers said he … Continue reading →

Posted in GLPI, Horseracing, Marketing, Pennsylvania, Pinnacle Entertainment, Sports | Comments Off

Illinois becalmed; Freeman breaks with Trump

Posted on June 7, 2017 by David McKee

Lawmakers in Illinois obviously don’t care about the future of the state’s 10 extant casinos, considering the next gaming expansion (following slot routes) that they are preparing to ram through. If they bothered to look at the market, they’d see … Continue reading →

Posted in Boyd Gaming, Cordish Co., Geoff Freeman, GLPI, Golden Gaming, Harrah's, Illinois, Marketing, Maryland, MGM Mirage, Neil Bluhm, Penn National, Philippines, Regulation, Slot routes, Tourism, Wall Street | Comments Off

Tables buoy Pennsylvania; Oregon poker rooms in peril

Posted on May 19, 2017 by David McKee

It was table games to the rescue in Pennsylvania, in a record-setting performance, which saw casino winnings up 10% last month at the tables, while slots were down 1.5%. State leader was, as usual, Parx Casino, grossing $49 million for … Continue reading →

Posted in Eldorado Resorts, GLPI, Greenwood Racing, Harrah's, history, Isle of Capri, MGM Mirage, Mohegan Sun, Neil Bluhm, Oregon, Penn National, Pennsylvania, Pinnacle Entertainment, Politics, Sheldon Adelson, Transportation | Comments Off

Pelican Brief; Miami Beach bans casinos

Posted on May 16, 2017 by David McKee

Despite having one less weekend day this year, April was a good month for Louisiana, as gambling revenue rose 5%. The growth was especially dramatic in the Pelican State market, up 19%. By contrast, Shreveport/Bossier City was down 3%. The increase … Continue reading →

Posted in Boyd Gaming, Eldorado Resorts, Galaxy Entertainment, GLPI, Hard Rock International, Harrah's, Isle of Capri, Japan, Louisiana, MGM Mirage, Oklahoma, Pinnacle Entertainment, Sheldon Adelson, Singapore, Technology, The Strip, Tilman Fertitta, Tribal, Tropicana Entertainment, TV, Wall Street | Comments Off

Freeman: Let my people bet!

Posted on May 11, 2017 by David McKee

Undistracted by the current shenanigans in Washington, D.C., the American Gaming Association‘s Geoff Freeman is staying on course about legalized sports betting. The AGA recently commissioned a Greenberg Quinlan Rosner poll that concluded — surprise! — that most Americans favor legalized … Continue reading →

Posted in Ameristar, Baseball, Boyd Gaming, Economy, Foxwoods, Full House Resorts, Geoff Freeman, GLPI, Harrah's, Indiana, Internet gambling, Majestic Star, MGM Mirage, Mohegan Sun, Neil Bluhm, New York, Penn National, Pinnacle Entertainment, Politics, Racinos, Sports, Tribal, Tropicana Entertainment | Comments Off

Higher taxes mooted for Atlantic City; Trump into Philippines?

Posted on May 10, 2017 by David McKee

Someone has belatedly noticed that Atlantic City is, in essence, a tax haven for casino operators. They pay 9.25%, compared to Pennsylvania‘s 55% on slots, for instance, or Maryland‘s patchwork of tax rates, which top out at 60%. That’s not … Continue reading →

Posted in Atlantic City, Donald Trump, GLPI, Harrah's, Lake Tahoe, Law enforcement, Lawrence Ho, Macau, Maryland, Melco Crown Entertainment, Missouri, New York, Penn National, Pennsylvania, Pinnacle Entertainment, Taxes, Technology | Comments Off

Big month in Maryland; Kentucky Derby sets record

Posted on May 9, 2017 by David McKee

MGM National Harbor took the top spot in Maryland last month, grossing $50 million to Maryland Live‘s $45 million. “We view this as positive/encouraging for MGM, as it shows the property’s momentum has sustained into April,” wrote JP Morgan analyst … Continue reading →

Posted in Boyd Gaming, Churchill Downs, Cordish Co., Galaxy Entertainment, GLPI, Golden Gaming, Harrah's, Horseracing, Illinois, Japan, Maryland, MGM Mirage, Neil Bluhm, Penn National, Technology, The Strip, Wall Street, West Virginia | Comments Off

No casino is an Isle-and; Florida fails again

Posted on May 4, 2017 by David McKee

Eldorado Resorts took another big step toward gaming’s major leagues with its acquisition of Isle of Capri Casinos, a deal that closed earlier this week. The purchase gives Eldorado 12 more casinos, including a presence in the important Lake Charles … Continue reading →

Posted in Dan Gilbert, Eldorado Resorts, Florida, GLPI, Hard Rock International, history, Internet gambling, Isle of Capri, Japan, Louisiana, Ohio, Penn National, Pennsylvania, Politics, Reno, Seminole Tribe, Technology | Comments Off

REITs meet the Street; Martinez wins in New Mexico

Posted on April 28, 2017 by David McKee

REITs Gaming & Leisure Properties and MGM Growth Properties both checked in with Wall Street yesterday, and further acquisitions were on the mind of both. In the case of MGM, its next target of opportunity is MGM National Harbor (“on … Continue reading →

Posted in Donald Trump, Economy, GLPI, Harrah's, MGM Mirage, Mississippi, Ohio, Penn National, Pennsylvania, Sheldon Adelson, Sports, The Strip, Tribal, Wall Street | Comments Off

Big bounce in Louisiana; Poker and booze go better together

Posted on April 19, 2017 by David McKee

Compared with a flood-plagued March of 2015, business was booming at Louisiana casinos, up 10%, especially Baton Rouge (+20.5%), although New Orleans was flat. JP Morgan analyst Joseph Greff is predicting less salubrious results in April, blaming the Easter Bunny, among … Continue reading →

Posted in Boyd Gaming, Churchill Downs, Economy, Eldorado Resorts, Foxwoods, Genting, GLPI, Harrah's, IGT, Internet gambling, Isle of Capri, Louisiana, Massachusetts, MGM Mirage, Mohegan Sun, Pinnacle Entertainment, Politics, Regulation, South Korea, Taxes, Tilman Fertitta, Tourism, Tribal, Tropicana Entertainment, Wall Street | Comments Off

Saturation in Ohio; Japan: Go big or go home

Posted on April 17, 2017 by David McKee

Ohio Gov. John Kasich (R) leveled the playing field when he allowed third-party racinos to join the juiced-in Penn National Gaming and Caesars Entertainment casinos in the Buckeye State. The question now is how level a playing field is a … Continue reading →

Posted in Detroit, Economy, Genting, GLPI, Hard Rock International, Harrah's, International, Internet gambling, Iowa, Japan, New York, Ohio, Penn National, Pennsylvania, Pinnacle Entertainment, Technology, Wall Street | Comments Off

Temporary relief for Illinois; CityCenter for sale?

Posted on April 7, 2017 by David McKee

As a huge gambling expansion works its way through the Legislature, casino owners in Illinois must feel like condemned men awaiting the execution. At any rate, it behooves them to gather roses while yet they may. Fortunately, gamblers felt like … Continue reading →

Posted in Boyd Gaming, California, CityCenter, GLPI, Harrah's, Illinois, Macau, MGM Mirage, Mississippi, Neil Bluhm, Penn National, Regulation, South Korea, Sports, Taxes, The Crown 18, Wall Street | 1 Comment

Gaming up nationally — but Louisiana gets hammered

Posted on March 20, 2017 by David McKee

America‘s casino industry had a winning month in January, up 3.5% to $3.4 billion. Even Illinois, which has never recovered from the smoking ban, was in the top four, behind Nevada (naturally), Pennsylvania and Louisiana. The only serious loser was … Continue reading →

Posted in Affinity Gaming, Atlantic City, Boyd Gaming, Churchill Downs, Economy, Eldorado Resorts, GLPI, Harrah's, Illinois, Internet gambling, Isle of Capri, Louisiana, Marketing, Maryland, Ohio, Pennsylvania, Pinnacle Entertainment, Sheldon Adelson, Taxes, Tilman Fertitta, Tropicana Entertainment, West Virginia | Comments Off