Category Archives: Greenwood Racing

Ocean outperforms Atlantic City; Encore Boston crushes competition

Posted on November 15, 2019 by David McKee

Atlantic City casino revenues were $202 million last month, flat with the year previous. Slot revenues were up 3.5%, table win down 6%. Despite flat wagering at the tables and slots, Borgata gained 6% at the slots and ceded 7% … Continue reading →

Posted in Atlantic City, Boyd Gaming, Caesars Entertainment, Economy, Eldorado Resorts, Environment, FanDuel, Greenwood Racing, Hard Rock International, Internet gambling, Japan, Macau, Massachusetts, MGM Resorts International, Mohegan Sun, Ocean Resort, Penn National, Pennsylvania, Regulation, Rush Street Gaming, Sports betting, Tilman Fertitta, Tribal, Wynn Resorts | 3 Comments

Caution on Scientific, Golden; VIPs passé in Macao

Posted on November 8, 2019 by David McKee

Scientific Games must have been less than thrilled with Credit Suisse analyst Ben Combes‘ report on their third quarter. It was headlined, “Solid Quarter, But Leverage Concerns Keep Us on the Sidelines.” Cash flow of $344 million beat the Wall … Continue reading →

Posted in California, Canada, China, Dining, Economy, Entertainment, Genting, Golden Gaming, Greenwood Racing, Illinois, International, Internet gambling, Las Vegas Raiders, Lotteries, Macau, MGM Resorts International, Nevada, New York, Penn National, Pennsylvania, PokerStars, Resort fees, Rush Street Gaming, Scientific Games, Sheldon Adelson, The Strip, Tribal, Wall Street, Wynn Resorts | Comments Off

Cosmo does it again; Georgia ponders casinos

Posted on October 24, 2019 by David McKee

It happened again. Smoke billowed over the Las Vegas Strip from an electrical fire at The Cosmopolitan of Las Vegas last night. No one was injured, thank God, and the damage appears to be minor. But it’s the second fire … Continue reading →

Posted in Atlantic City, Baseball, Caesars Entertainment, Churchill Downs, Cosmopolitan, Eldorado Resorts, Election, Foxwoods, Georgia, Greenwood Racing, Hard Rock International, Horseracing, IGT, Illinois, International, Lotteries, Louisiana, MGM Resorts International, Mississippi, Politics, Scientific Games, Sports betting, Taxes, The Strip, Transportation | 1 Comment

Ocean surges in Atlantic City; Wall Street yawns at MGM sale

Posted on October 17, 2019 by David McKee

Atlantic City gambling revenue was off 3% last month and we’ll be generous, chalking it up to one less weekend day than last year. The Boardwalk grossed $224.5 million, led by Borgata with $57.5 million (a 5% slippage). Table win … Continue reading →

Posted in Atlantic City, Boyd Gaming, Caesars Entertainment, Eldorado Resorts, Greenwood Racing, Hard Rock International, Internet gambling, Japan, MGM Resorts International, Mohegan Sun, Nevada, New Jersey, Ocean Resort, Penn National, Pennsylvania, Phil Ruffin, Real Estate, Rush Street Gaming, Sports, Sports betting, The Strip, Tilman Fertitta, Tribal, Wynn Resorts | 3 Comments

Wynn sued … twice

Posted on October 7, 2019 by David McKee

Steve Wynn is the gift you wish wouldn’t keep on giving. Wynn Resorts has been slammed with two lawsuits in a week, thanks to Wynn’s libidinous proclivities. According to Casino.org, “Steve Wynn, pressured [women] to not talk with the media, only … Continue reading →

Posted in Dan Gilbert, Dining, Economy, Entertainment, Greenwood Racing, Hard Rock International, Marketing, Massachusetts, Mohegan Sun, Ohio, Pennsylvania, Regulation, Security, Sexual misconduct, Sports, Steve Wynn, Transportation, Wynn Resorts | 1 Comment

Dog ate Parx’s homework; Atlantic City Hilton sold … again

Posted on October 2, 2019 by David McKee

Parx Casino is out $1 million after overpaying its taxes and missing the deadline to file for a refund. So says a Pennsylvania judge. Parx had three years to rectify the overpayment and missed the deadline by a whopping six months. … Continue reading →

Posted in Atlantic City, Caesars Entertainment, Colony Capital, G2E, Genting, Greenwood Racing, history, Japan, Mandalay Bay Massacre, MGM Resorts International, Politics, Resort fees, Rush Street Gaming, Security, Singapore, Sports, Sports betting, Taxes, Technology, Wall Street | 3 Comments

Near-ideal month in Atlantic City

Posted on September 16, 2019 by David McKee

Atlantic City casinos were, despite an extra weekend day in August, up only 6%. But, more importantly, all except one either stood their ground or grew business. They grossed $286.5 million, with symmetrical increases in slot and table revenue. A … Continue reading →

Posted in Atlantic City, Boyd Gaming, Caesars Entertainment, China, Detroit, Donald Trump, Eldorado Resorts, Entertainment, Full House Resorts, Greenwood Racing, Hard Rock International, Indiana, International, Internet gambling, MGM Resorts International, Mohegan Sun, New Jersey, Ocean Resort, Ohio, Palms, Penn National, Pennsylvania, Philippines, Regulation, Sports, Sports betting, Taxes, Tilman Fertitta, Tribal, Virginia, Wall Street | 2 Comments

Encore vanquishing competition; Newcomers dominate Atlantic City

Posted on August 19, 2019 by David McKee

Encore Boston Harbor, the best-smelling casino on the East Coast, had a crushing month, its first full one of operation. Its $48.5 million in revenue accounted for 60% of all Massachusetts gaming revenues. That breaks down as almost $1.6 million/day … Continue reading →

Posted in Atlantic City, Boyd Gaming, Caesars Entertainment, Churchill Downs, Connecticut, Detroit, Eldorado Resorts, Entertainment, Foxwoods, Greenwood Racing, Hard Rock International, Internet gambling, Marketing, Maryland, Massachusetts, MGM Resorts International, Mohegan Sun, Ocean Resort, Penn National, Pennsylvania, Rhode Island, Rush Street Gaming, Sports, Sports betting, Tilman Fertitta, Tribal, Wynn Resorts | 2 Comments

Canaries in the coal mine, casinos in the slums

Posted on August 14, 2019 by David McKee

Stocks nose-dived yesterday after “an odd bond market phenomenon that has been a reliable indicator of economic recessions. Investors, worried about the state of the economy, rushed to long-term safe haven assets, pushing the yield on the benchmark 30-year Treasury bond … Continue reading →

Posted in Donald Trump, Economy, Greenwood Racing, Illinois, International, Iowa, Law enforcement, Macau, Massachusetts, Penn National, Pennsylvania, Politics, Regulation, Sports betting, Taxes, Wall Street, Wynn Resorts | 3 Comments

Lackluster in Louisiana; OK tribes stiff-arm Stitt

Posted on July 22, 2019 by David McKee

Whatever people in Louisiana were doing last month, gambling wasn’t it. Casino receipts were down 9% and you can’t blame it on the smoking ban in Baton Rouge (-13%), not when Lake Charles—the best market in the state—was nearly 10% … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, Churchill Downs, Eldorado Resorts, GLPI, Greenwood Racing, Internet gambling, Louisiana, North Carolina, Oklahoma, Penn National, Pennsylvania, Rush Street Gaming, Sports betting, Tilman Fertitta, Tribal | Comments Off

Sports wagering, ‘Net bets power New Jersey; Slow month in Pennsylvania

Posted on July 15, 2019 by David McKee

Despite being 7% down on a same-store basis, Atlantic City casino revenues grew 14% last month. The $236 million gross represents a 3.5% downturn in slot winnings (down 8.5% same-store) but a 26% jump at the tables (down 3.5% same-store). … Continue reading →

Posted in Atlantic City, Boyd Gaming, Caesars Entertainment, Eldorado Resorts, Greenwood Racing, Hard Rock International, Internet gambling, MGM Resorts International, Mohegan Sun, Movies, Ocean Resort, Penn National, Pennsylvania, Rush Street Gaming, Sports, Sports betting, The Strip, Tilman Fertitta, Tribal | 1 Comment

Don’t bet against Sheldon; Encore Boston says ‘Take the T’

Posted on June 18, 2019 by David McKee

Don’t ever accuse Las Vegas Sands of not thinking big. It’s going to the banks for a $5.9 billion loan, primarily for expansion of Marina Bay Sands. That shouldn’t be much of a risk for financiers because nobody makes good … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, Genting, Greenwood Racing, history, Internet gambling, Las Vegas Sands, Massachusetts, Penn National, Pennsylvania, Rush Street Gaming, Sheldon Adelson, Singapore, South Korea, Sports betting, Technology, Transportation, Wynn Resorts | Comments Off

Big month for Hard Rock Atlantic City; Sunset Station unionizes

Posted on June 14, 2019 by David McKee

Atlantic City‘s two heaviest hitters had a not-so-merry month of May. Borgata fell 15%, to $52 million, and Tropicana Atlantic City tumbled 18%, landing at $25 million and ceding second place for the first time to Hard Rock Atlantic City … Continue reading →

Posted in Atlantic City, Boyd Gaming, Caesars Entertainment, Churchill Downs, Culinary Union, Detroit, Eldorado Resorts, Greenwood Racing, Hard Rock International, MGM Resorts International, Mohegan Sun, New Jersey, Ocean Resort, Penn National, Pennsylvania, Rush Street Gaming, Sports betting, Station Casinos, Tribal | 1 Comment

Case Bets

Posted on May 17, 2019 by David McKee

Need a scorecard to keep up with the progress of sports betting? Never fear, the American Gaming Association has provided one. It shows sports-betting legislation on the docket in 15 states, including casino-averse Texas and Vermont. States that have rejected … Continue reading →

Posted in Animals, California, Dining, Greenwood Racing, Illinois, Mandalay Bay Massacre, MGM Resorts International, Mohegan Sun, Palms, Pennsylvania, Pets, Regulation, Rush Street Gaming, Sports, Sports betting, Station Casinos | Comments Off

Don’t mess with the Seminoles

Posted on May 16, 2019 by David McKee

Well, the feckless Florida Lege courted disaster—and got it. The Seminole Tribe, lacking a new compact, is cutting off revenue-sharing payments to the Sunshine State. We’re talking serious dollars: $321 million last fiscal year. The Seminoles have enormous economic clout and … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, Florida, Galaxy Entertainment, Greenwood Racing, Las Vegas Sands, Law enforcement, Macau, Melco Resorts & Entertainment, MGM Resorts International, Penn National, Pennsylvania, Philippines, Politics, Rush Street Gaming, Seminole Tribe, Sociedade de Jogos de Macau, Sports betting, Taxes, Wall Street, Wynn Resorts | 1 Comment

Rough April for Atlantic City; Britney to jilt MGM?

Posted on May 15, 2019 by David McKee

As always, Atlantic City proves to be a good-news/bad-news story. Gaming revenue there was up 8.5% higher last month but the love had to be spread thin, as same-store revenues fell 12%. Casinos grossed $207.5 million with slots up 6% … Continue reading →

Posted in Atlantic City, Baseball, Boyd Gaming, Caesars Entertainment, Churchill Downs, Dan Gilbert, Detroit, Eldorado Resorts, Entertainment, Greenwood Racing, Hard Rock International, Internet gambling, MGM Resorts International, Mohegan Sun, New Jersey, Ocean Resort, Penn National, Pennsylvania, Racinos, Rush Street Gaming, Sports, Sports betting, The Strip, Tilman Fertitta | 2 Comments

Sands gets spanked; Palms (almost) loses its name

Posted on April 22, 2019 by David McKee

Las Vegas Sands is on its way out of Pennsylvania but not before receiving two swift kicks in the posterior from Keystone State regulators. The casino was fined $120,000 for allowing underage gaming and $110,000 for offenses related to the … Continue reading →

Posted in Architecture, Boyd Gaming, Caesars Entertainment, Churchill Downs, CityCenter, Eldorado Resorts, Environment, Greenwood Racing, history, Horseracing, Indiana, Japan, Las Vegas Sands, Law enforcement, Mississippi, Mohegan Sun, Ohio, Palms, Penn National, Pennsylvania, Regulation, Resort fees, Rush Street Gaming, Slot routes, Station Casinos, Technology, Tribal, Virgin Hotels, Wisconsin | Comments Off

Winter is coming … to Pahrump

Posted on April 16, 2019 by David McKee

Last Sunday, Game of Thrones returned with an exposition-heavy season opener. No word yet on whether it dampened business at Nevada brothels but they’ve evidently been taking some inspiration from the A Song of Ice and Fire saga. According to … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, Entertainment, Greenwood Racing, New Jersey, Pahrump, Penn National, Pennsylvania, Rush Street Gaming, Sports betting, TV | Comments Off

Boffo month for New Jersey, Detroit

Posted on April 15, 2019 by David McKee

Atlantic City casinos sprang through March with a 16% revenue boost (albeit 5% cannibalization of last year’s grosses), booking $223 million, including a 18.5% surge in slot win while table games were up 9% (albeit down 13% on a same-store … Continue reading →

Posted in Atlantic City, Boyd Gaming, Caesars Entertainment, Churchill Downs, Dan Gilbert, Detroit, Eldorado Resorts, Greenwood Racing, Hard Rock International, Internet gambling, Las Vegas Sands, MGM Resorts International, Mohegan Sun, New Jersey, Ocean Resort, Penn National, Pennsylvania, Racinos, Rush Street Gaming, Sports, Sports betting, Tilman Fertitta | 2 Comments

Atlantic City rallies, Pennsylvania snoozes

Posted on March 14, 2019 by David McKee

Given that a certain amount of cannibalization was inevitable with the debuts of two new casinos on the Boardwalk, a 5% February decline in same-store gambling revenue has to considered a pretty good result. The market overall was up a … Continue reading →

Posted in Atlantic City, Boyd Gaming, Caesars Entertainment, Churchill Downs, Dan Gilbert, Detroit, Eldorado Resorts, Genting, Greenwood Racing, Hard Rock International, Las Vegas Sands, MGM Resorts International, Mohegan Sun, Ocean Resort, Penn National, Pennsylvania, Racinos, Rush Street Gaming, Sports betting, Tilman Fertitta, William Hill | 4 Comments