Category Archives: Golden Gaming

Wynn, Station disappoint Wall Street

Posted on August 7, 2019 by David McKee

JP Morgan analyst Joseph Greff took a look at Wynn Resorts‘ second-quarter numbers and deemed them “a mixed bag.” The good news: Cash flow in Las Vegas, expected to be $109 million, manifested itself at $137 million. The sorta-bad news: There … Continue reading →

Posted in Economy, Golden Gaming, Macau, Maryland, Massachusetts, Palms, Slot routes, Station Casinos, The Strip, Tribal, Wall Street, Wynn Resorts | Comments Off

MGM stymied Down East; Trade war dings Macao

Posted on August 5, 2019 by David McKee

Hopes for MGM Resorts International in Connecticut may be fading now that lawmakers are proposing a tribally owned casino in Bridgeport, part of an omnibus gaming expansion. The bipartisan Connecticut Jobs & Revenue Act would authorize a casino in Bridgeport owned by … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, Connecticut, Downtown, Foxwoods, Golden Gaming, International, Internet gambling, Lotteries, Macau, Marketing, Massachusetts, MGM Resorts International, Mohegan Sun, Money laundering, Politics, Problem gambling, Regulation, Sports betting, Tamares Group, Tilman Fertitta | Comments Off

Vegas’ baccarat bonanza; New ‘link’ on Strip

Posted on July 31, 2019 by David McKee

Ever unpredictable, the Las Vegas Strip boomed last month, as gross gaming revenue shot up 18% (propelled by baccarat) to $616.5 million. Statewide, gambling win leapt 11.5% for a grand total of $1 billion. Perhaps it’s coincidental—but surely not—that McCarran … Continue reading →

Posted in Architecture, Aristocrat, Baseball, Boulder Strip, Boyd Gaming, Downtown, Golden Gaming, Hawaii, history, Lake Tahoe, Laughlin, North Las Vegas, Pennsylvania, Pinnacle Entertainment, Reno, The Strip, Tourism, Wall Street | Comments Off

Wynn tops in U.S. casinos; Crown in hot water again

Posted on July 30, 2019 by David McKee

Steve Wynn got some love from the contributors to TripAdvisor, whose top-three-ranked casinos in America are Wynn Las Vegas, Encore and Beau Rivage, a vindication of Wynn’s spare-no-detail approach. However, Bellagio may be showing its age, clocking in at a … Continue reading →

Posted in Atlantic City, Australia, Boulder Strip, Boyd Gaming, Caesars Entertainment, CityCenter, Cosmopolitan, Crown Resorts, Detroit, Downtown, Economy, Eldorado Resorts, Foxwoods, Golden Gaming, Indiana, Iowa, Las Vegas Sands, Law enforcement, Louisiana, M Resort, Macau, MGM Resorts International, Mississippi, Mohegan Sun, North Las Vegas, Oklahoma, Penn National, Pennsylvania, Politics, Reno, Station Casinos, Steve Wynn, Terry Caudill, The Strip, Tourism, Tribal, TV, Wynn Resorts | 1 Comment

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

Vegas jottings, with a touch of Atlantic City

Posted on June 13, 2019 by David McKee

If we need a workplace consultant, we certainly won’t hire the Seyfarth Shaw at Work firm. (Seyfarth Shaw? Wasn’t he a character in Game of Thrones?) It’s offering its services to come up with strategies that will deter your employees … Continue reading →

Posted in Atlantic City, Caesars Entertainment, Culinary Union, Derek Stevens, Downtown, Entertainment, Golden Gaming, Las Vegas Sands, Marijuana, MGM Resorts International, Pets, Sheldon Adelson, Sports betting, Technology, Wynn Resorts | Comments Off

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

Land of confusion

Posted on April 22, 2019 by David McKee

OK, so there are no condos on sale at the Plaza Resort in downtown Las Vegas. That much we have established. But it’s got to be one of the most baffling stories we’ve ever covered. For instance, “TLC” usually is shorthand … Continue reading →

Posted in Animals, Caesars Entertainment, Churchill Downs, Golden Gaming, Illinois, Japan, Kentucky, Massachusetts, MGM Resorts International, New Jersey, Penn National, Politics, Racinos, Real Estate, Regulation, Sports betting, Tamares Group, Taxes, Terry Caudill, The Strip, Wall Street | Comments Off

Around the horn

Posted on April 11, 2019 by David McKee

Gambling revenue hit a record amount in Maryland last month, up 9% to $164 million. The good news for MGM National Harbor was that winnings were up 4% to $64 million. The bad news is that this was driven by … Continue reading →

Posted in Affinity Gaming, Ameristar, Boyd Gaming, Caesars Entertainment, Churchill Downs, Cordish Co., Dan Gilbert, Eldorado Resorts, Full House Resorts, GLPI, Golden Gaming, Hard Rock International, Illinois, Indiana, Isle of Capri, Maryland, MGM Resorts International, Missouri, Ohio, Penn National, Racinos, Rush Street Gaming, Taxes, Tribal, Wall Street, West Virginia | Comments Off

Maryland booms, Illinois frozen out; Resort fees to rise … again

Posted on February 7, 2019 by David McKee

Business continues to boom for MGM National Harbor, which raked in $57 million last month, 12% growth and 41% of the Free State’s $137 million gross gaming revenue. Maryland Live‘s 34% market share translated into a gross of $46 million. Horseshoe … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, Churchill Downs, Colorado, Cordish Co., Detroit, Dining, Economy, Entertainment, GLPI, Golden Gaming, Illinois, Las Vegas Raiders, Louisiana, Maryland, MGM Resorts International, New Jersey, Penn National, Pennsylvania, Pinnacle Entertainment, Resort fees, Rush Street Gaming, Sports, Sports betting, The Strip, Wall Street, West Virginia | 1 Comment

Maryland impressive but Ohio spectacular

Posted on January 8, 2019 by David McKee

Gaming-revenue growth in Maryland cooled a bit last month, coming in at 5% up for a total of $148 million. It’s basically a two-casino market, with MGM National Harbor controlling 40.5% and Maryland Live at 34% and Horseshoe Baltimore an … Continue reading →

Posted in Boyd Gaming, Churchill Downs, Cordish Co., Dan Gilbert, Economy, Eldorado Resorts, Golden Gaming, Maryland, MGM Resorts International, Ohio, Penn National, West Virginia | 1 Comment

Lady Gaga vanquishes the Strip

Posted on January 3, 2019 by David McKee

“Energy and heart.” That’s what Lady Gaga has brought to the Las Vegas Strip, according to early notices of Enigma. If you’ve seen A Star Is Born, you know that the sky’s the limit for Her Ladyship’s talent (even though the … Continue reading →

Posted in Caesars Entertainment, Cirque du Soleil, Entertainment, Golden Gaming, Marketing, MGM Resorts International, New York, The Strip, Tribal | Comments Off

Wynn at risk; Christmas stocking for Station, Boyd, etc.

Posted on December 26, 2018 by David McKee

Steve Wynn might want to think twice about buying back into Wynn Resorts. Stock analyst Frank Fantini thinks the company’s Macao holdings might be made an example in the U.S./China trade war. Fantini believes Beijing could target “companies that are not … Continue reading →

Posted in Boyd Gaming, Economy, Golden Gaming, Macau, MGM Resorts International, Nevada, Pansy Ho, Reno, Sheldon Adelson, Station Casinos, Steve Wynn, Wall Street, Wynn Resorts | Comments Off

MGM, Cordish clean up in Maryland; Pennsylvania a cash cow

Posted on December 7, 2018 by David McKee

It was another good month at MGM National Harbor, which grossed almost $2 million per day in November, an above-average take for the pleasure palace. Slots were up 15% (to $31 million) while table games leapt 46%, grossing $26 million. … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, Churchill Downs, Cordish Co., DFS, Economy, Eldorado Resorts, GLPI, Golden Gaming, Illinois, Internet gambling, Japan, Macau, Maryland, MGM Resorts International, New Jersey, Penn National, Pennsylvania, Rush Street Gaming, Sports betting, Taxes, Tourism, Transportation, Wall Street, West Virginia | Comments Off

Sports books get thumped; National Harbor rules

Posted on November 6, 2018 by David McKee

Nevada sports books are reeling from an NFL Week 9 that stands to see them lose as little as $7 million and as much as $10 million. Bettors, meanwhile, are crying all the way to the bank. Among the games … Continue reading →

Posted in Arkansas, Atlantic City, Boyd Gaming, Caesars Entertainment, Churchill Hill, Cordish Co., Election, Golden Gaming, Hard Rock International, Maryland, MGM Resorts International, Mississippi, Nevada, New Jersey, Penn National, Regulation, Sports, Sports betting, Station Casinos, Taxes, Warner Gaming | 1 Comment

Wisdom from G2E; Sisolak lights up

Posted on October 10, 2018 by David McKee

This week’s Global Gaming Expo gives Wall Street analysts plenty of time to sniff around the big gaming operators and manufacturers, trying to suss out trends. Credit Suisse analyst Cameron McKnight, the new kid on the block, says that 3Q18 … Continue reading →

Posted in Atlantic City, Boyd Gaming, Caesars Entertainment, Economy, Eldorado Resorts, Election, G2E, GLPI, Golden Gaming, Illinois, Indiana, Isle of Capri, Las Vegas Sands, Macau, Mandalay Bay Massacre, Marijuana, Marketing, MGM Resorts International, Mississippi, Nevada, Palms, Penn National, Sports, Station Casinos, Tilman Fertitta, Tourism, Tribal, Tropicana Entertainment, Wall Street | Comments Off

Maryland & other case bets

Posted on October 8, 2018 by David McKee

Growth in Maryland continued last month, if not at the spectacular rates we’ve seen previously. Gaming revenue rose 7% to $144 million. The leader, of course, was MGM National Harbor, jumping 10% to $54.5 million, which translates to $1.8 million/day. … Continue reading →

Posted in Affinity Gaming, Atlantic City, Caesars Entertainment, California, Charity, Churchill Downs, Cordish Co., Florida, Golden Gaming, Macau, Maryland, MGM Resorts International, Mohegan Sun, New York, Penn National, Rush Street Gaming, Sports, Technology, Tribal, West Virginia | Comments Off

Hot in August

Posted on September 12, 2018 by David McKee

Regional casinos were the big story last month, with four crucial jurisdictions all posting gains. (So, too, did Iowa but we rarely cover it in S&G because so few of the innumerable casinos make major amounts of revenue.) Maryland hopped … Continue reading →

Posted in Affinity Gaming, Ameristar, Caesars Entertainment, Cordish Co., Dan Gilbert, Eldorado Resorts, Full House Resorts, GLPI, Golden Gaming, Hard Rock International, Indiana, Iowa, Majestic Star, Maryland, MGM Resorts International, Ohio, Penn National, Pinnacle Entertainment, Racinos, Rush Street Gaming, Taxes, Tribal, Tropicana Entertainment | 1 Comment

Casino revenues surge (almost) everywhere

Posted on August 8, 2018 by David McKee

Maryland casino business continues to boom, up 5.5% last month. MGM National Harbor led the pack with $58 million. It will, however, be a source of dismay to ownership that play continues to trend toward highly taxed (60%) slots and … Continue reading →

Posted in Caesars Entertainment, Churchill Downs, Cordish Co., Dan Gilbert, Eldorado Resorts, Galaxy Entertainment, Golden Gaming, Las Vegas Sands, Lawrence Ho, Macau, Maryland, Melco Resorts & Entertainment, MGM Resorts International, Ohio, Penn National, Pinnacle Entertainment, Racinos, Sheldon Adelson, Sociedade de Jogos de Macau, Taxes, West Virginia, Wynn Resorts | Comments Off

Big business in Maryland; Pricey New York-New York goof

Posted on July 6, 2018 by David McKee

The gap between the haves and have-nots in Maryland widened last month, as the state’s gaming revenue boomed 14% upward. The good news is that every casino had a revenue-positive month. MGM National Harbor, of course, led the pack, grossing $59 … Continue reading →

Posted in California, Cordish Co., Culinary Union, Golden Gaming, Harrah's, Maryland, MGM Mirage, Penn National, The Strip, Tribal, West Virginia | Comments Off