Category Archives: Harrah's

Big online month for Atlantic City

Posted on December 14, 2015 by David McKee

In the casino industry, $13 million may not be a lot of money — but it represented a 51% gain for Atlantic City‘s online casinos and made up for softness at brick-and-mortar gambling houses. Slot revenue was down 3% on … Continue reading →

Posted in Atlantic City, Boyd Gaming, Colony Capital, Harrah's, Internet gambling, MGM Mirage, Mohegan Sun, Tilman Fertitta, Tropicana Entertainment, Trump Entertainment Resorts | 1 Comment

‘Jubilee’ axed; DFS banned and reprieved

Posted on December 14, 2015 by David McKee

It was probably a mercy to Ffolliott “Fluff” LeCoque that the Las Vegas showbiz legend died two days before Caesars Entertainment buried a dagger in the heart of Jubilee. LeCoque had been part of the original cast and went on to … Continue reading →

Posted in Entertainment, Florida, Hard Rock International, Harrah's, history, Horseracing, Internet gambling, Law enforcement, New York, Politics, Racinos, Regulation, Seminole Tribe, Taxes, The Strip, Tribal | 1 Comment

Adelson’s Capitol Hill puppet show

Posted on December 11, 2015 by David McKee

Rep. Jason Chaffetz (R) held another kangaroo court on Internet gambling and was in his best Sheldon Adelson-like Luddite form, scoffing at geofencing software. “It’s naive at best to think you can put a wall on the Internet,” said the willfully ignorant … Continue reading →

Posted in Atlantic City, Cretins, Delaware, Harrah's, Internet gambling, Iowa, Law enforcement, Macau, Politics, Regulation, Sheldon Adelson, South Carolina, Technology | Comments Off on Adelson’s Capitol Hill puppet show

Louisiana: Robbing Peter to play Paul; New disclosures from Genting

Posted on December 11, 2015 by David McKee

Were it not for the Golden Nugget Lake Charles, gaming revenues would have stumbled 7.5% downward last month. Add Tilman Fertitta‘s new showplace, which grossed $20 million, and you have a 15% increase in the Lake Charles market. But, as … Continue reading →

Posted in Boyd Gaming, Eldorado Resorts, Genting, GLPI, Harrah's, Isle of Capri, Louisiana, Pinnacle Entertainment, Rhode Island, The Strip, Tilman Fertitta, Tropicana Entertainment | 1 Comment

No misery in Missouri; Packer’s Vegas venture in question

Posted on December 10, 2015 by David McKee

November was a tranquil month for Missouri casinos, exemplified by Penn National Gaming‘s Argosy Riverside, in Kansas City, dead even with last year. Statewide, foot traffic was down 5% and spending up 6%, particularly at table games, where winnings rose … Continue reading →

Posted in Ameristar, Florida, GLPI, Harrah's, Internet gambling, Isle of Capri, James Packer, Missouri, Penn National, Pinnacle Entertainment, Politics, Seminole Tribe, The Strip, Tribal, Tropicana Entertainment, Wall Street | 1 Comment

Scott, Seminoles make a deal; Reid does Caesars’ bidding

Posted on December 8, 2015 by David McKee

Just things were threatening to get ugly between the Seminole Tribe and the State of Florida, Gov. Rick Scott (R) has emerged from the cone of silence to disclose a new, $3 billion revenue-sharing agreement with the Seminoles. The pact, … Continue reading →

Posted in Genting, Harrah's, Harry Reid, Internet gambling, Politics, Regulation, Seminole Tribe, Taxes, Tribal | Comments Off on Scott, Seminoles make a deal; Reid does Caesars’ bidding

Indiana: Visiting less, spending more

Posted on December 8, 2015 by David McKee

That’s the verdict of Deutsche Bank analyst Carlo Santarelli, who reports that foot traffic at Indiana casinos was 11% down last month, implying a 7% spending increase. If free play is counted, casino revenues fell 5%, with the southern tier … Continue reading →

Posted in Ameristar, Boyd Gaming, Full House Resorts, Harrah's, Illinois, Indiana, Penn National, Pinnacle Entertainment, Racinos, Slot routes, Tropicana Entertainment, Wall Street | 1 Comment

Crisis point in Atlantic City; Alabama casino bill abandoned

Posted on December 7, 2015 by David McKee

Atlantic City‘s immediate future is teetering over whether it can persuade Boyd Gaming and MGM Resorts International to parcel a $161 million tax refund over an extended period of time. If not, warns Mayor Don Guardian (R), the city will … Continue reading →

Posted in Alabama, Atlantic City, Boyd Gaming, Dining, Harrah's, Internet gambling, MGM Mirage, Politics, Regulation, Steve Wynn, The Strip | Comments Off on Crisis point in Atlantic City; Alabama casino bill abandoned

Ohio: Caesars effects a turnaround; Heightened scrutiny for MGM Springfield

Posted on December 7, 2015 by David McKee

Although it’s got one foot out the door in Ohio, the management half of Rock Gaming Caesars, i.e.,  Caesars Entertainment, is starting to shore up the recent decline of its casinos in the Buckeye State. Horseshoe Cincinnati and Horseshoe Cleveland … Continue reading →

Posted in Architecture, Dan Gilbert, Economy, Eldorado Resorts, Hard Rock International, Harrah's, Massachusetts, MGM Mirage, Mohegan Sun, Penn National, Pinnacle Entertainment, Racinos, Regulation, Rhode Island | Comments Off on Ohio: Caesars effects a turnaround; Heightened scrutiny for MGM Springfield

Continued erosion in Illinois

Posted on December 7, 2015 by David McKee

Illinois gamblers visited measurably less (-8%) and spent slightly more (+3%), as casino business in the Land of Lincoln took a 5% dip in November. The calendar had one less weekend day than last year, which surely didn’t help. Even … Continue reading →

Posted in Boyd Gaming, Economy, GLPI, Harrah's, Illinois, MGM Mirage, Movies, Neil Bluhm, Penn National | 1 Comment

Bad news for Atlantic City; Finally, a ‘Carcieri fix’

Posted on December 1, 2015 by David McKee

Just when you thought the Atlantic City market had rightsized and the Boardwalk was out of the woods, here comes Moody’s Investors Service with a baleful report. Pointing to in-progress casino expansion in several neighboring East Coast states, Moody’s predicts … Continue reading →

Posted in Atlantic City, Economy, Glenn Straub, Harrah's, Internet gambling, Regulation, Revel, Technology, Tourism, Tribal, Trump Entertainment Resorts, TV, Wall Street | Comments Off on Bad news for Atlantic City; Finally, a ‘Carcieri fix’

Caesars gets the boot; Impatience in New York

Posted on December 1, 2015 by David McKee

Lawyers for Caesars Entertainment will be burning a little extra midnight oil after they lost a case that will enable the National Retirement Fund to kick Caesars — its largest donor — out of the fund. That makes Caesars liable … Continue reading →

Posted in California, Election, Foxwoods, Harrah's, history, Internet gambling, Mississippi, Mohegan Sun, New York, Pennsylvania, Regulation, Technology, Tribal | Comments Off on Caesars gets the boot; Impatience in New York

Atlantic City casinos make less, profit more

Posted on November 24, 2015 by David McKee

In a paradoxical development, Atlantic City casinos reported a 61% increase in profitability in Q315. That largesse came even as gross gaming revenues only rose 5%. Cost-containment is credited with being the source of the bounty. Caesars Interactive swung from … Continue reading →

Posted in Atlantic City, Boyd Gaming, Carl Icahn, Dan Gilbert, Economy, Election, Glenn Straub, Harrah's, Indiana, International, Internet gambling, Massachusetts, MGM Mirage, Mohegan Sun, Ohio, Politics, Revel, Sheldon Adelson, Tilman Fertitta, Tropicana Entertainment, Trump Entertainment Resorts | Comments Off on Atlantic City casinos make less, profit more

Caesars gets nuked; Jerry Brown gets spanked

Posted on November 18, 2015 by David McKee

“It’s the ultimate nuclear option to try to go after debtors’ counsel.” That’s what Seton Hall University boffin Stephen Lubben says of junior bondholders’ latest ploy in their knock-down, drag-out fight with Caesars Entertainment. They’re accusing law firm Kirkland & … Continue reading →

Posted in California, Harrah's, International, Taxes, Tribal, Wall Street | Comments Off on Caesars gets nuked; Jerry Brown gets spanked

Up and down the Strip

Posted on November 17, 2015 by David McKee

SLS Las Vegas is finally doing better, if by “doing better” you mean losing only $39 million in a full 3Q15 as opposed to the $46 million lost in the truncated (five-week) 3Q14. Stockbridge Capital Partners continues to have to … Continue reading →

Posted in Architecture, Cosmopolitan, Derek Stevens, Downtown, Economy, Fontainebleau, Genting, Harrah's, James Packer, Lucky Dragon, LVCVA, Marketing, MGM Mirage, Riviera, Sam Nazarian, Sheldon Adelson, SLS Las Vegas, Tamares Group, Taxes, The Strip, Wall Street | 2 Comments

Autumn chill in Atlantic City; Christmas present for VictoryLand

Posted on November 13, 2015 by David McKee

For the first time in over a year, there are no casino closings to be factored into Atlantic City‘s gaming revenue, no more same-store comparisons. So how did the Boardwalk fare? Even with an extra weekend day, revenue dipped 3%. … Continue reading →

Posted in Alabama, Atlantic City, Boyd Gaming, Harrah's, MGM Mirage, Mohegan Sun, Regulation, Technology, Tilman Fertitta, Tropicana Entertainment, Trump Entertainment Resorts | 1 Comment

SLS gets new patron; Mixed quarter at Caesars

Posted on November 10, 2015 by David McKee

Revolving doors continue to spin, metaphorically, at SLS Las Vegas. No sooner had Hilton Worldwide dropped the property from its Curio brand but Starwood Resorts Worldwide picked up part of the property and slapped its W hotel escutcheon on it. The … Continue reading →

Posted in Harrah's, International, Macau, Marketing, Maryland, Regulation, Sam Nazarian, SLS Las Vegas, Station Casinos, Technology, The Strip | 1 Comment

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

Caesars exiting Ohio with head held high; New Showboat setback

Posted on November 9, 2015 by David McKee

Caesars Entertainment may have gotten the boot from its three managerial arrangements with Dan Gilbert in Ohio but it’s spending the waning weeks of its tenure putting up impressive numbers. Horseshoe Cleveland ($18 million) was up 4% and Horseshoe Cincinnati … Continue reading →

Posted in Atlantic City, Dan Gilbert, Detroit, Eldorado Resorts, Glenn Straub, Harrah's, Marketing, Penn National, Pinnacle Entertainment, Politics, Racinos, Taxes | Comments Off on Caesars exiting Ohio with head held high; New Showboat setback

Hoosier stasis; Last-minute scramble in Connecticut

Posted on November 9, 2015 by David McKee

Gaming revenues in Indiana were even with 2014 last month, as Hoosier State casinos pulled in $186 million. Foot traffic was down 9% and per-player spend rose 11%. So you’ve got fewer but bigger-spending gamblers: Is that a good thing or not? … Continue reading →

Posted in Boyd Gaming, Foxwoods, Full House Resorts, Harrah's, Indiana, Mohegan Sun, Ohio, Penn National, Pinnacle Entertainment, Racinos | Comments Off on Hoosier stasis; Last-minute scramble in Connecticut