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Category Archives: GLPI
MGM National Harbor, Maryland Live duke it out
MGM National Harbor strapped a jet pack on Maryland gaming revenue, up an eye-popping 38% last month. The bad news for other operators is that, once you subtract MGM, gaming revenues are down 11%. However, the fact that the declivity … Continue reading
AGA backs Obamacare; “Messy” quarter for Station
OK, the headline is an oversimplification (as headlines tend to be) but the American Gaming Association found itself in disagreement with congressional Republicans after their overhaul of the Affordable Care Act was found to leave mental-health and substance-use-disorder services out in the … Continue reading
Posted in Dan Gilbert, Economy, Eldorado Resorts, Geoff Freeman, GLPI, Hard Rock International, Lucky Dragon, Marketing, Ohio, Palms, Penn National, Pinnacle Entertainment, Politics, Problem gambling, Reno, Station Casinos, Wall Street
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Wayne Newton, Mr. Convention; Adelson covets Vietnam
If you doubted that the convention business is the new face of Las Vegas, it trotted out the pretty visage of Wayne Newton. The latter’s Casa de Shenandoah is promoting itself as the new place to hold your meeting, offering to … Continue reading
Posted in Atlantic City, Economy, GLPI, Hard Rock International, Harrah's, Illinois, Japan, Lawrence Ho, Macau, Marketing, Melco Crown Entertainment, Penn National, Politics, Racinos, Regulation, Sheldon Adelson, Singapore, South Korea, Technology, Tourism, Tropicana Entertainment, Vietnam, Wayne F. Newton
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Sports betting a political football; Lucky Dragon doing just fine
Lawmakers in Maryland are entering the fray over sports betting. Unlike their counterparts in New Jersey, they’re not challenging the federal government directly. The proposed law, as drafted, would make sports betting legal in the Free State *if* the Bradley … Continue reading
Posted in Ameristar, Boyd Gaming, Cordish Co., Delaware, Dining, Donald Trump, Georgia, GLPI, Harrah's, Hawaii, Internet gambling, Isle of Capri, Lucky Dragon, Macau, Maryland, MGM Mirage, Mississippi, Missouri, Neil Bluhm, New York, Penn National, Philippines, Pinnacle Entertainment, Politics, Racinos, Singapore, Sports, Steve Wynn, The Strip, Tourism, Tropicana Entertainment, Wall Street
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Mixed results in Indiana; New Hampshire tries, tries, tries again
Casino revenue was down 4% last month in Indiana but, with one less weekend than last year and a 6% decline in foot traffic, I’m disinclined to read too much into the results. However, just for the record, let’s look … Continue reading
Posted in Ameristar, Boyd Gaming, Full House Resorts, GLPI, Harrah's, Indiana, Majestic Star, Mississippi, New Hampshire, Penn National, Pinnacle Entertainment, Politics, Racinos, Regulation, Sports, Tropicana Entertainment, TV
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MGM National Harbor a hit with players; Fertitta talks a good game
Given its high profile, MGM National Harbor had to hit a home run for MGM Resorts International and, judging by the numbers, it’s done just that. Last month it grossed $49 million, which — when the numbers are adjusted to … Continue reading
Posted in Boyd Gaming, Cordish Co., Downtown, GLPI, Golden Gaming, Goldman Sachs, Harrah's, Illinois, Louisiana, Maryland, MGM Mirage, Mississippi, Neil Bluhm, Nevada, New York, Penn National, Politics, Racinos, Regulation, Sheldon Adelson, Slot routes, Sports, Station Casinos, The Strip, Tilman Fertitta, Wall Street, West Virginia
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Penn National backpedals; Feral bunnies terrorize Vegas
Penn National Gaming released fourth-quarter numbers and, according to Deutsche Bank‘s Carlo Santarelli acknowledged a “difficult start” at Hollywood Jamul (this despite having an extra-long runway to get the new property aloft). Santarelli called the tribal casino a “drag” on … Continue reading
Posted in Animals, Atlantic City, California, Dining, Donald Trump, Election, Glenn Straub, GLPI, Hard Rock International, history, Illinois, Iowa, Japan, Macau, Marketing, Penn National, Regulation, Revel, Sheldon Adelson, Slot routes, Steve Wynn, Technology, The Strip, Tribal, Trump Entertainment Resorts, Wall Street, West Virginia
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Adelson out of stadium deal; Tepid December on Strip
It didn’t take long for Sandoval’s Folly, the mooted [your city here] Raiders stadium to blow up in the governor’s face. With characteristic irascibility, Las Vegas Sands CEO Sheldon Adelson withdrew from the project, taking his $650 million with him. … Continue reading
Posted in Boulder Strip, Cordish Co., Cretins, Downtown, Economy, Foxwoods, GLPI, Harrah's, Horseracing, Japan, Laughlin, Maryland, MGM Mirage, Mohegan Sun, Nevada, North Las Vegas, Penn National, Politics, Regulation, Reno, Sheldon Adelson, Sports, The Strip, Tribal, Virginia, Wall Street, West Virginia
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Lukewarm Christmas in Louisiana; New casino for Indiana?
Despite an extra weekend in December, Louisiana gaming revenues were only modestly up, +4%, although gambling fever sure gripped Baton Rouge, where casinos won 14% more than last year. New Orleans has fallen to a distant third ($47 million) as … Continue reading
Posted in Boyd Gaming, California, Churchill Downs, Dan Lee, Florida, Full House Resorts, GLPI, Harrah's, Indiana, Isle of Capri, Louisiana, Maryland, MGM Mirage, Penn National, Pinnacle Entertainment, Racinos, Seminole Tribe, Taxes, The Strip, Tilman Fertitta, Tribal, Tropicana Entertainment, Wall Street, West Virginia
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MGM’s big rake in Washington; Resort projects power Massachusetts
It should come as no surprise that Washington, D.C., the land of smoke-filled rooms where sleazy deals are made, should be deliver a bumper crop of players to MGM National Harbor‘s 39-table poker room. Even with a truncated month of … Continue reading
A slight chill in the air
Even allowing for additional weekend in 2016, gaming results last month were a tad frosty, shall we say? The best market was Missouri, which was merely flat. That was largely due to strength in the St. Louis area, where Pinnacle … Continue reading
Posted in Affinity Gaming, Ameristar, Boyd Gaming, Economy, Eldorado Resorts, Full House Resorts, GLPI, Harrah's, Indiana, Isle of Capri, Majestic Star, Missouri, Nevada, Ohio, Penn National, Pinnacle Entertainment, Racinos, Tourism, Tropicana Entertainment
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Cheerless Christmas in Illinois; Whitewash at Caesars?
Despite two extra weekend days, gaming revenues in Illinois were down 5% last month. For all we know, gamblers may have been saving up for Christmas but we think this points to the increasing prevalence of slot routes (many owned … Continue reading
Posted in Atlantic City, Boyd Gaming, Carl Icahn, Churchill Downs, GLPI, Harrah's, Horseracing, Illinois, MGM Mirage, Neil Bluhm, Penn National, Racinos, Slot routes, Sports, The Strip, Unite-Here
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Racinos lap casinos in Ohio; “Golden Knights” kiboshed
Ohio‘s four main casinos performed weakly last month, with Dan Gilbert‘s Jack Cleveland ($16 million, -4%) and Jack Cincinnati ($15 million, -7%) still not validating their new brand. Ironically, the once-superfluous Thistledown Racino is saving Jack’s bacon, up 13% to … Continue reading
Posted in Arizona, Atlantic City, Boyd Gaming, Cordish Co., Dan Gilbert, Economy, Eldorado Resorts, Florida, GLPI, Hard Rock International, Harrah's, Japan, Maryland, MGM Mirage, Nevada, New York, Ohio, Penn National, Politics, Racinos, Seminole Tribe, Sports, Taxes
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Macao: Big brother is watching; Quandary in Indiana
Just as it looked that Macao was beginning to climb out of one government-created crisis, along comes another. According to a report in the South China Morning Post, the central government was cutting the maximum withdrawal amount from UnionPay ATMs … Continue reading
Posted in Ameristar, Boyd Gaming, Full House Resorts, GLPI, Harrah's, Indiana, Macau, Majestic Star, Penn National, Pinnacle Entertainment, Racinos, Regulation, Sheldon Adelson, Singapore, Tropicana Entertainment, Wall Street
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Running the tables in Pennsylvania; MGM woos Georgia (again)
Due to Pennsylvania‘s quirky habit of releasing slot and table game revenue numbers in staggered fashion, we don’t often comment on Keystone State gambling revenues. Fortunately, the Center for Gaming Research at UNLV consolidates the information into one handy-dandy report. … Continue reading
Posted in Architecture, Aristocrat, Australia, Cosmopolitan, Economy, Eldorado Resorts, Georgia, GLPI, Greenwood Racing, Harrah's, Hooters, Isle of Capri, Macau, Maryland, MGM Mirage, Mohegan Sun, Neil Bluhm, Penn National, Pennsylvania, Pinnacle Entertainment, Politics, Racinos, Sheldon Adelson, Slot routes, SLS Las Vegas, Taxes, The Strip, Tourism, Transportation
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Straub makes some odd choices; Tiverton still up for grabs
Glenn Straub won one round, lost another in his quest to revive Revel as Ten. On Oct. 18, he received a certificate of occupancy, paving the way for him to reopen the property. (Last spring’s effort was a Chinese fire … Continue reading
Posted in Affinity Gaming, Ameristar, Atlantic City, Election, Glenn Straub, GLPI, Hard Rock International, Isle of Capri, Kansas, Massachusetts, Missouri, Penn National, Pinnacle Entertainment, Regulation, Revel, Rhode Island, Tropicana Entertainment, Trump Entertainment Resorts
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Jacked around in Ohio; Wrong about Trump
At this point, we don’t know jack about Dan Gilbert‘s new “Jack” casino brand. In September, it appeared to be gaining traction with players. Then the bottom fell out. Jack Cleveland‘s $15 million take was a 14% fall while Jack … Continue reading
Posted in Dan Gilbert, Donald Trump, Eldorado Resorts, Election, GLPI, Hard Rock International, Internet gambling, Marketing, Ohio, Palms, Penn National, Pinnacle Entertainment, Racinos, Reno, Sheldon Adelson, Station Casinos, Tribal, Wall Street
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LV Monorail lives; MGM shatters expectations
Whether or not you consider the Las Vegas Monorail a while elephant, its trunk is going to grow a bit longer. Clark County is diligently pursuing the permits that would enable it to extend the Monorail to Mandalay Bay, where … Continue reading
Pennsylvania lawmakers screw the pooch; Adelson’s way or the highway
Pennsylvania communities are scrambling to reach voluntary revenue-sharing accords with the casinos they host after the Legislature left the issue in limbo. Rather than address the host-community fee on its own, the House of Representatives tacked on approval of Internet … Continue reading
Posted in Architecture, Environment, GLPI, Golden Gaming, Greenwood Racing, Harrah's, Internet gambling, Maryland, Massachusetts, Penn National, Pennsylvania, Politics, Regulation, Sheldon Adelson, Slot routes, Steve Wynn, Taxes, Technology
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Hollywood Jamul opens; Hutchinson opposes Arkansas casinos
While the eyes of the industry were focused on the closing of Trump Taj Mahal, there was another long-awaited event on Monday: the opening of Hollywood Casino Jamul, near San Diego. Combine in-progress road construction with a new casino and … Continue reading