Category Archives: Golden Gaming

Missouri is doing just fine, thanks; Cautious hope for Moulin Rouge

Posted on August 10, 2016 by David McKee

Pinnacle Entertainment did a masterful job of managing expectations in its quarterly earnings call, citing disruptive road work around Ameristar St. Charles as a potential setback from the property. Today, Missouri released its July gaming results and — surprise — … Continue reading →

Posted in Ameristar, Downtown, Environment, G2E, Golden Gaming, Harrah's, Isle of Capri, Macau, Marketing, Melco Crown Entertainment, MGM Mirage, Missouri, Moulin Rouge, Penn National, Pinnacle Entertainment, Sports, Steve Wynn, Tropicana Entertainment | Comments Off

Battling along the Boardwalk; Supreme Court gives tribes the brush-off

Posted on July 5, 2016 by David McKee

While the previous record for an Atlantic City casino strike is 34 days, the showdown at Trump Taj Mahal looks like it will go the distance. Neither Local 54 of Unite-Here nor Carl Icahn shows any signs of backing down … Continue reading →

Posted in Atlantic City, Carl Icahn, Glenn Straub, Golden Gaming, Internet gambling, Law enforcement, Maryland, Pennsylvania, Philippines, Politics, Regulation, Revel, Slot routes, Taxes, Tribal, Unite-Here | 1 Comment

Louisiana gets hammered; Three states legalize DFS

Posted on June 20, 2016 by David McKee

As we’ve noted before, May was hard on Midwest casino operators, nowhere more so than in Louisiana, where gambling revenue was down 13%. This marks seven months of same-store decline for the Pelican State, an exceptional slump, with the usually … Continue reading →

Posted in Boyd Gaming, California, Churchill Downs, Colorado, Economy, Eldorado Resorts, GLPI, Golden Gaming, Harrah's, Internet gambling, Isle of Capri, Louisiana, MGM Mirage, Missouri, Nevada, New York, Pinnacle Entertainment, Regulation, Sports, The Strip, Tilman Fertitta, Tribal, Tropicana Entertainment, Wall Street | 2 Comments

Wynn disses douchebags; Showboat sails again

Posted on June 7, 2016 by David McKee

In a characteristic about-face, former nightlife enthusiast Steve Wynn is belittling Millenials (“sort of short on brains”), social media (“dim-witted time”), while conceding the importance of non-gaming revenue to today’s Las Vegas. Said Wynn of the nightlife generation, “we’re doing well … Continue reading →

Posted in Atlantic City, Cordish Co., Cretins, Economy, Entertainment, Golden Gaming, Harrah's, history, Macau, Maryland, Penn National, Steve Wynn, The Strip | Comments Off

Poker Stars changes Atlantic City landscape; MGM budges (slightly) on parking fees

Posted on May 12, 2016 by David McKee

An extra month helped Atlantic City post a banner April, up 6%. Citywide, 5% higher slot handle produced a corresponding increase in revenue, while 4.5% table-game wagering translated into 10% more winnings for the house. Borgata ($56 million) was up … Continue reading →

Posted in Ameristar, Atlantic City, Boyd Gaming, CityCenter, Golden Gaming, Harrah's, International, Internet gambling, Iowa, Isle of Capri, MGM Mirage, Mohegan Sun, Pinnacle Entertainment, PokerStars, Racinos, Sports, The Strip, Tropicana Entertainment, Warner Gaming | Comments Off

Balmy spring for Ohio, Missouri; Pinnacle beats estimates

Posted on May 10, 2016 by David McKee

Ohio had a particularly good April, with gaming revenue up 9%. Coin-in rose 8% at the slots while table game revenue was up 5% despite 3% less wagering. Penn National Gaming, Caesars Entertainment and Pinnacle Entertainment all posted revenue-positive months, … Continue reading →

Posted in Ameristar, Dan Gilbert, Eldorado Resorts, Golden Gaming, Hard Rock International, Harrah's, Isle of Capri, Louisiana, Missouri, Ohio, Penn National, Pinnacle Entertainment, Tropicana Entertainment, Wall Street | Comments Off

Station: New name, same old shtick

Posted on April 19, 2016 by David McKee

We’re going to have to get used to calling Station Casinos by its new corporate moniker, Red Rock Resorts (ticker symbol RRR). Oh, the Station brand isn’t going anywhere: For consumer-oriented purposes, all the Stations and Wildfires and so on … Continue reading →

Posted in Golden Gaming, Law enforcement, Massachusetts, Penn National, Reno, Slot routes, Station Casinos, Wall Street | Comments Off

Hope for Atlantic Club; Boffo month for Maryland

Posted on January 6, 2016 by David McKee

Not so fast, says Endeavor AC about yesterday’s report that its purchase of the Atlantic Club was defunct. The would-be purchaser says it has “a very strong and creditable private equity source to finance the acquisition and development of the … Continue reading →

Posted in Atlantic City, Cordish Co., Dan Gilbert, Glenn Straub, Golden Gaming, Harrah's, Japan, Law enforcement, Maryland, Penn National, Pennsylvania, Planet Hollywood, Politics, Problem gambling, Racinos, Revel, Sheldon Adelson, SLS Las Vegas, The Strip, Tourism | Comments Off

Big month for Maryland; Much ado about Dotty’s

Posted on November 9, 2015 by David McKee

Developers of MGM National Harbor have to like what they saw when Maryland busted out its October revenue numbers: 9% growth (to $95 million), with all five casinos in the plus column. Horseshoe Baltimore General Manager Chad Barnhill is defecting … Continue reading →

Posted in Cordish Co., Dan Gilbert, Dotty's, Golden Gaming, Harrah's, Internet gambling, Maryland, MGM Mirage, Penn National, Pennsylvania, Politics, Racinos, Sheldon Adelson, TV | 1 Comment

Vegas Club rescued; Straight talk from Steve Wynn

Posted on August 14, 2015 by David McKee

Good news for fans of the Las Vegas Club (and you know who you are): Its long Tamares Group nightmare will soon be over. Tamares has sold the Vegas Club to the D owner Derek Stevens and his brother for … Continue reading →

Posted in Architecture, Derek Stevens, Donald Trump, Downtown, Economy, Golden Gaming, Macau, Penn National, Regulation, Steve Wynn, Tamares Group, The Strip, Wall Street | 3 Comments

Quote of the Day

Posted on July 24, 2015 by David McKee

“What you have put together is a template on how this should be done. “There are good synergies between these two companies.” — Nevada Gaming Commissioner Randolph Townsend, on Golden Gaming‘s takeover of Lakes Entertainment, which was consummated yesterday.

Posted in Golden Gaming, Lyle Berman, Regulation | Comments Off

Election wins for Foxwoods, Golden Gaming; New boss at Beau Rivage

Posted on June 24, 2015 by David McKee

Almost lost in the excitement over the opening of Plainridge Park, in Plainview, is a little-reported event: New Bedford‘s vote on casino host-community status. To say that KG Urban Enterprises won is rather an understatement. It garnered 73% of votes cast, … Continue reading →

Posted in Current, Election, Foxwoods, Golden Gaming, Harrah's, Lyle Berman, Massachusetts, MGM Mirage, Mississippi, Neil Bluhm, Ohio, Penn National, Racinos, Regulation, Steve Wynn, Wall Street | Comments Off

Fly the friendly slots; New tax takes aim at slot routes

Posted on March 4, 2015 by David McKee

Unlike most states, Maryland hasn’t hit the saturation mark and a bill to put a slot route into Thurgood Marshall Airport will probably have little effect on that. The slots will only be accessible to ticketed passengers, with the idea … Continue reading →

Posted in Aristocrat, Cordish Co., Dotty's, Golden Gaming, Harrah's, Maryland, Michael Gaughan, Politics, Taxes, Technology, Transportation | Comments Off

Where to dump Trump?; Straub stumped

Posted on February 11, 2015 by David McKee

Although he’s buried millions of dollars in New Jersey, having been party to four casino bankruptcies, Donald Trump doesn’t want his carcass interred there. Instead, when he goes to that big sand trap in the sky, he wants to be … Continue reading →

Posted in Affinity Gaming, Atlantic City, Donald Trump, Florida, Glenn Straub, Golden Gaming, Horseracing, Illinois, Louisiana, Lyle Berman, Maryland, Revel, Slot routes | 1 Comment

Golden, Scientific on the move

Posted on January 26, 2015 by David McKee

Golden Gaming continues to absorb its competitors. Its latest acquisition is Lakes Entertainment, one of the most venerable names in Midwestern gambling. Golden will pay a 37% premium to purchase Lakes at $9.57 a share. While 64% of shareholders will … Continue reading →

Posted in Bally Technologies, Golden Gaming, Horseracing, IGT, Kentucky, Maryland, Ohio, Scientific Games, Slot routes, Technology, Wall Street, WMS Industries | Comments Off

Dotty’s loses, Genting hesitates, Penn adapts

Posted on December 4, 2014 by David McKee

Look at that picture. Seriously, keep looking. Does that seem like a tavern to you? A casino? Some curious hybrid? For years the Clark County Commission has been grappling with the vexing questions posed by the rapidly growing Dotty’s chain of … Continue reading →

Posted in Architecture, Cordish Co., Dotty's, Downtown, Genting, Golden Gaming, Harrah's, Maryland, New York, Pennsylvania, Regulation, Station Casinos, The Strip | 2 Comments

Walk softly, carry a Talking Stick

Posted on December 3, 2014 by David McKee

There’s a new symbolic benchmark for the economic importance of tribal gaming in the U.S. What was the US Airways Center, in Phoenix, home of the Phoenix Suns, is becoming Talking Stick Resort Arena. It’s a testimony to the financial … Continue reading →

Posted in Arizona, Dotty's, Entertainment, Golden Gaming, Politics, Regulation, Station Casinos, Tribal | 1 Comment

Dotty’s on the spot again; Ralston unplugged

Posted on December 2, 2014 by David McKee

When Station Casinos and Golden Gaming say “jump,” Clark County Commissioner Steve Sisolak asks, “How high?” At least that’s the case when it comes to Dotty’s, a 102-outlet chain of slot parlors that exist within a gray area of state … Continue reading →

Posted in Dotty's, Golden Gaming, Mississippi, Politics, Regulation, Station Casinos, TV, Wall Street | Comments Off

Funeral garb for Harmon; Death blow to Dotty’s?

Posted on October 8, 2014 by David McKee

Although it’s there to protect pedestrian, it’s fitting that the corpse of Harmon Hotel is shrouded in widow’s weeds. MGM Resorts International will be holding a protracted funeral for the first Las Vegas hotel to close without ever housing a … Continue reading →

Posted in Architecture, Dotty's, Golden Gaming, International, MGM Mirage, Politics, Singapore, Station Casinos, The Strip | 1 Comment

Trump card played; NBA embraces sports betting

Posted on September 5, 2014 by David McKee

Can casino-based Internet gambling keep going after the host casino has ceased to be? That’s the existential question faced by New Jersey regulators. Although it is closing Trump Plaza, owner Trump Entertainment Resorts wants to continue the property’s online-gambling platform, … Continue reading →

Posted in Atlantic City, Golden Gaming, Internet gambling, Sports, Technology, Trump Entertainment Resorts | 1 Comment