Category Archives: Harrah's

Big month for Penn in Ohio

With one glaring exception, February was an outstanding month for Ohio casinos and racinos. The underachiever was Horseshoe Cleveland, which fell 9% on revenues of $18 million. Even struggling Thistledown Racino managed a 3% uptick, grossing $9 million. Horseshoe Cincinnati … Continue reading

Posted in Eldorado Resorts, Hard Rock International, Harrah's, Ohio, Penn National, Pinnacle Entertainment, Racinos, Wall Street | 1 Comment

Illinois casinos stave off competition; Palms potentially for sale

Despite being increasingly besieged by slot routes, Illinois casinos had a good February, up 5%. Foot traffic was 3% higher and customer spending rose 2%.  Two operators had revenue-negative months, with MGM Resorts International off 1% at Grand Victoria Elgin, while … Continue reading

Posted in Boyd Gaming, Carl Icahn, Entertainment, Fontainebleau, George Maloof, GLPI, Harrah's, Illinois, Macau, MGM Mirage, Neil Bluhm, Penn National, Slot routes, Steve Wynn, The Strip, Wall Street | 2 Comments

Caesars: Frissora gets the nod; Rocky Mountain high point

Caesars Entertainment CEO Michael Frissora is one step away from a Nevada gaming license, having been unanimously approved by the Nevada Gaming Control Board. Frissora left the meeting grinning from ear to ear, as well he might. Since he comes … Continue reading

Posted in Carl Icahn, Colorado, Economy, Harrah's, Kansas, Oklahoma, Regulation, Tribal | 1 Comment

DFS advances in some markets, retreats in others; Caesars rubs your nose in it

Daily fantasy sports, the loud frat brother of sports betting, is close to a signal victory in Virginia. Both houses of the Virginia Assembly have passed DFS legalization with veto-proof majorities and sent the legislation to Gov. Terry McAuliffe (D). … Continue reading

Posted in Harrah's, Indiana, Internet gambling, Kansas, Penn National, Phil Ruffin, Planet Hollywood, Politics, Racinos, Regulation, Sports, Taxes, The Strip, Tourism | Comments Off on DFS advances in some markets, retreats in others; Caesars rubs your nose in it

End of an Atlantic City era; Has Macao bottomed out?

Last weekend saw Trump Taj Mahal pass into the hands of Carl Icahn, becoming a wholly owned subsidiary of Tropicana Entertainment. That is cause for optimism at the Taj, which has gone from being one of Atlantic City‘s three top … Continue reading

Posted in Atlantic City, Carl Icahn, Donald Trump, Economy, Harrah's, Macau, Melco Crown Entertainment, MTR Gaming, Technology, Tropicana Entertainment, Trump Entertainment Resorts, Unite-Here, Wall Street | Comments Off on End of an Atlantic City era; Has Macao bottomed out?

Does Gilbert know Jack?; Caesars’ big finish

  Will a Horseshoe by any other name earn as much? We’re going to find out because Rock Gaming owner Dan Gilbert is going to rebrand his casinos under the Jack Entertainment banner, presumably a tip of the hat to … Continue reading

Posted in Atlantic City, Colorado, Dan Gilbert, Florida, Harrah's, Isle of Capri, Louisiana, Marketing, Maryland, Mississippi, Ohio, Penn National, Regulation, Technology, The Strip, Wall Street | Comments Off on Does Gilbert know Jack?; Caesars’ big finish

End of Caesars bankruptcy in sight?; Seminole compact upsized

One year and millions of pages of documents later, we’re nearing resolution in Richard Davis‘ investigation of the Caesars Entertainment bankruptcy. His report on the company’s attempted restructuring is due at year’s end. At its heart will be several controversial … Continue reading

Posted in Florida, Harrah's, Horseracing, Massachusetts, Penn National, Politics, Problem gambling, Regulation, Seminole Tribe, Sports, Steve Wynn, Technology | Comments Off on End of Caesars bankruptcy in sight?; Seminole compact upsized

Banner week for Wynn, Station; Life after Macao for MGM

Station Casinos closed out the year on a strong note, posting its 11th straight quarter of net revenue growth and 19th of improved cash flow. It marked blue-ribbon finish to a year that saw the highest revenues for the company … Continue reading

Posted in CityCenter, Detroit, Harrah's, Macau, MGM Mirage, Mississippi, Station Casinos, Steve Wynn, The Strip, Tourism, Transportation, Wall Street | 3 Comments

If at first you don’t succeed …

… try, try, try, try, try again. That’s the New Hampshire Lege, making its umpteenth attempt to legalize casino gambling. State Sen. Lou D’Allesandro (D) has crafted a bill that would bring VLTs and table games to Salem. The bill … Continue reading

Posted in Alabama, California, Georgia, Harrah's, Horseracing, International, MGM Mirage, New Hampshire, Penn National, Politics, Sheldon Adelson, Tribal | Comments Off on If at first you don’t succeed …

Plainridge bounces back; Unhappy new year in Louisiana

Penn National Gaming has been rather defensive — and understandably so — about the performance of Plainridge Park, which has seen business steadily decline from month to month. However, Penn reversed the slippage last month, increasing revenues 11%. Penn spent … Continue reading

Posted in Boyd Gaming, Churchill Downs, Harrah's, Louisiana, Marketing, Massachusetts, Penn National, Pinnacle Entertainment, Racinos, Tilman Fertitta | Comments Off on Plainridge bounces back; Unhappy new year in Louisiana

Cruel blow to Atlantic City; Sex in the Vegas sky

Winter storm Jonas, which put paid to the Jan. 22-24 weekend, dealt a heavy blow to Atlantic City gaming revenues, which had finally appeared to have stabilized. The market was down 6% and Borgata ($52 million) suffered an uncharacteristic 9% … Continue reading

Posted in Atlantic City, Boyd Gaming, Environment, Harrah's, MGM Mirage, Mohegan Sun, The Strip, Tilman Fertitta, Tropicana Entertainment, Trump Entertainment Resorts | Comments Off on Cruel blow to Atlantic City; Sex in the Vegas sky

DFS: Trouble in paradise; It’s not good to be Dan Gilbert

Besieged on all sides, daily fantasy sports operators find themselves in retreat. DraftKings said it “will voluntarily pause” its operations in Hawaii in response to a ruling by state Attorney General Doug Chin that DFS is gambling and therefore illegal … Continue reading

Posted in Eldorado Resorts, Florida, Hard Rock International, Harrah's, Hawaii, Indiana, Internet gambling, Mississippi, Ohio, Penn National, Pinnacle Entertainment, Politics, Racinos, Regulation | Comments Off on DFS: Trouble in paradise; It’s not good to be Dan Gilbert

Illinois beats the odds; MGM goes au naturel

Well, here’s a novel piece of news out of Illinois, where it always seems that gloom and doom hold sway. Gaming revenues were up 2% last month. That’s even more impressive when you consider that it’s being measured against a … Continue reading

Posted in Boyd Gaming, Culinary Union, Entertainment, Environment, GLPI, Harrah's, Illinois, MGM Mirage, Neil Bluhm, Nevada, Penn National, Technology, The Strip, Transportation, Wall Street | Comments Off on Illinois beats the odds; MGM goes au naturel

Delaware racinos seek relief; Abrupt change at Downtown Grand

If a casino is losing money, does that qualify it for state relief? That’s the philosophical question in Delaware, where Dover Downs is pursuing a public bailout. A bill by state Sen. Brian Bushweller (D) would waive table-game franchise fees … Continue reading

Posted in Delaware, Downtown, Harrah's, Politics, Racinos, Taxes, Tribal | Comments Off on Delaware racinos seek relief; Abrupt change at Downtown Grand

Big government wins in Atlantic City; Sheldon’s money grab

“From the looks on your faces, you don’t like ‘Kumbaya’ moments. I’m sorry for that. It’s time for some tough decisions and some pain as we move forward.” So said Atlantic City Mayor Don Guardian (R) as he acceded to a … Continue reading

Posted in Atlantic City, Economy, Glenn Straub, Harrah's, LVCVA, Macau, Politics, Revel, Sheldon Adelson | Comments Off on Big government wins in Atlantic City; Sheldon’s money grab

Strip’s illusory Christmas present; A.C. Trop antes up

Las Vegas Strip gaming revenues were up 8% last month but Deutsche Bank analyst Carlo Santarelli is calling that headline “misleading,” the increase “purely optical.” Volume of table play was down 11% and slot coin-in was 2% less. But increased … Continue reading

Posted in Atlantic City, Boulder Strip, Boyd Gaming, Downtown, Economy, Greenwood Racing, Harrah's, Internet gambling, Lake Tahoe, Laughlin, Macau, MGM Mirage, Mohegan Sun, Neil Bluhm, Nevada, North Las Vegas, Penn National, Pennsylvania, Reno, Sheldon Adelson, Technology, The Strip, Tropicana Entertainment, Wall Street | Comments Off on Strip’s illusory Christmas present; A.C. Trop antes up

To park or not to park, that is the question

Jim Murren wants more than our money with MGM Resorts International‘s controversial new parking fees. He wants our gratitude. “I ask them to honestly reflect what it means to be a local and how the tourist economy has improved their … Continue reading

Posted in CityCenter, Culinary Union, Economy, Harrah's, International, MGM Mirage, Sports, The Strip, Transportation | Comments Off on To park or not to park, that is the question

Lean Christmas in Louisiana; Greater vigilance in industry

Louisiana gaming revenues came in for a hard landing (-7.5%) as the Golden Nugget Lake Charles marked its first anniversary. The New Orleans market (-13.5%) took it worst, although Lake Charles was down 12%. The latter continues to be the … Continue reading

Posted in Boyd Gaming, Churchill Downs, Economy, GLPI, Harrah's, Isle of Capri, Louisiana, Pinnacle Entertainment, Racinos, Regulation, Tilman Fertitta, Tropicana Entertainment | Comments Off on Lean Christmas in Louisiana; Greater vigilance in industry

A Revel by any other name …; Christie abandons Atlantic City

Whatever it’s called when Glenn Straub reopens it, that $2.4 billion turkey along the Boardwalk won’t be named Revel. The new moniker is the least of several uncertainties surrounding the property. For one, Straub hasn’t even finished his gaming-license application yet, … Continue reading

Posted in Atlantic City, Election, Glenn Straub, Harrah's, Macau, Politics, Revel, Trump Entertainment Resorts | 1 Comment

Seminoles take to the air; Trop exec vanishes

Florida‘s Seminole Tribe is taking its case to the people, as its new compact with Gov. Rick Scott (R) faces an uphill slog in the Legislature. The compact is such a Rube Goldberg contraption, with so many moving parts, you … Continue reading

Posted in Delaware, Florida, GLPI, Harrah's, Indiana, Internet gambling, Marketing, Missouri, Pennsylvania, Pinnacle Entertainment, Politics, Regulation, Seminole Tribe, Tropicana Entertainment, TV | Comments Off on Seminoles take to the air; Trop exec vanishes