Category Archives: Hawaii

Boyd, Churchill Downs garner raves; Indiana governor seduced

Posted on April 26, 2019 by David McKee

Boyd Gaming got a good review on Wall Street today, lauded both for slightly surpassing revenue expectations and for moving quickly to deleverage in the wake of the Valley Forge, Belterra and Ameristar acquisitions. Downtown continues to be Boyd’s bastion … Continue reading →

Posted in Ameristar, Boyd Gaming, Caesars Entertainment, California, Charity, Churchill Downs, Current, Derek Stevens, Downtown, Florida, Hawaii, Horseracing, Illinois, Iowa, Kentucky, Louisiana, Maryland, Mississippi, Ohio, Palms, Pennsylvania, Politics, Racinos, Rhode Island, Slot routes, Spectacle Entertainment, Sports betting, Station Casinos, Taxes, Tribal, Wall Street, West Virginia, Westgate LV | 1 Comment

Nevada’s #1, not in a good way

Posted on April 23, 2019 by David McKee

WalletHub has been crunching the numbers again and come to the conclusion that Nevada is America‘s most-gaming addicted state. (Utah is the least, while the Silver State is followed by South Dakota, Montana, Mississippi and Oregon.) Casino-rich Florida was an incredibly … Continue reading →

Posted in Australia, Connecticut, Crown Resorts, Delaware, Florida, Hawaii, Illinois, International, Kansas, Kentucky, Macau, Massachusetts, Michigan, Minnesota, Mississippi, Nebraska, Nevada, New Jersey, New Mexico, New York, Oklahoma, Pennsylvania, Problem gambling, Rhode Island, Slot routes, South Dakota, Virginia, Washington State, West Virginia | Comments Off

Strip moolah propels Caesars; Boyd impresses

Posted on February 22, 2019 by David McKee

Caesars Entertainment reported 4Q18 results yesterday, playing to generally rave notices from Wall Street. “Very good” and “Excellent” were the initial reactions of Credit Suisse analyst Cameron McKnight. He noted 8% revenue growth in Las Vegas on only 1.5% cost … Continue reading →

Posted in Atlantic City, Boyd Gaming, Carl Icahn, Centaur Gaming, Hawaii, Illinois, Iowa, Kansas, Mandalay Bay Massacre, MGM Resorts International, Ohio, Pennsylvania, Pinnacle Entertainment, Slot routes, Taxes, The Strip, Wall Street | Comments Off

Legitimate deal or scam?

Posted on December 28, 2018 by David McKee

Demystifying Las Vegas timeshares by Jessica Kane It’s well known that Las Vegas is a premier vacation destination for gamblers and risk-takers. But even the most experienced investors need to take caution when investing in Sin City timeshares. According to … Continue reading →

Posted in Economy, Florida, Hawaii, International, Real Estate, Regulation, South Carolina, The Strip, Westgate LV | 2 Comments

Adelson eats Wynn’s lunch; Thumbs up for Boyd

Posted on October 26, 2018 by David McKee

Credit Suisse analyst Cameron McKnight reports that Sands China is stealing Macao market share from Wynn Resorts. Renovated VIP rooms at Sands properties are credited with the shift in business. Also, Sands “stated that while its very confident of [concession] … Continue reading →

Posted in Atlantic City, Boyd Gaming, Caesars Entertainment, Downtown, Economy, Eldorado Resorts, Hard Rock International, Hawaii, Las Vegas Sands, Macau, Pennsylvania, Pinnacle Entertainment, Sports, Sports betting, Tamares Group, Tourism, Transportation, Wall Street, William Hill, Wynn Resorts | 1 Comment

Caesars hailed; Wynn Resorts for sale?

Posted on September 11, 2018 by David McKee

Credit Suisse has initiated coverage of Caesars Entertainment, citing it as its “Top Pick” in the gaming sector. Why? “It recently re-emerged from bankruptcy and is one of the largest US gaming operators, with eight Las Vegas Strip and 22 … Continue reading →

Posted in Atlantic City, Caesars Entertainment, Centaur Gaming, Dan Gilbert, Economy, Elaine Wynn, Hawaii, Indiana, Louisiana, Macau, Marketing, MGM Resorts International, Mississippi, Nevada, Steve Wynn, The Strip, Wall Street, Wynn Resorts | Comments Off

Pols slow to move on sports betting

Posted on August 14, 2018 by David McKee

We thought we’d check up on what some of our favorite state legislators are doing about sports betting, now that it’s theoretically legal in their state (well, it’s complicated). In New York, Assemblyman Gary Pretlow (D) intends to introduce a … Continue reading →

Posted in California, Foxwoods, Hawaii, Idaho, Iowa, Kazuo Okada, Louisiana, Mandalay Bay Massacre, Mesquite, Mohegan Sun, New York, Penn National, Politics, Sports betting, Technology, Tourism, Transportation | Comments Off

Boyd weathers challenges; MGM swoons

Posted on April 27, 2018 by David McKee

An alternate headline for Boyd Gaming‘s 1Q18 results might be “better than expected.” Although the company had modeled a $12 million-$15 million cash flow hit at Blue Chip from new, nearby Four Winds Casino, the company’s Midwest revenues came in … Continue reading →

Posted in Ameristar, Boyd Gaming, CityCenter, Downtown, Greenwood Racing, Hawaii, Indiana, Japan, Louisiana, Macau, Mandalay Bay Massacre, Massachusetts, MGM Mirage, Missouri, Ohio, Palms, Pennsylvania, Pinnacle Entertainment, Politics, Resort fees, Sports, Station Casinos, Tribal, Wall Street, Wynn Resorts | 1 Comment

Dubious honor for Nevada; GLPI’s big gulp

Posted on April 24, 2018 by David McKee

Nevada is used to getting WalletHub accolades but here’s one it didn’t want and would probably prefer to see swept under the rug … most gambling-addicted state in the U.S. And why not? There are very few states in the … Continue reading →

Posted in Atlantic City, Boyd Gaming, Eldorado Resorts, GLPI, Harrah's, Hawaii, Illinois, Louisiana, MGM Mirage, Mississippi, Missouri, Nebraska, Nevada, Penn National, Pinnacle Entertainment, Problem gambling, Regulation, South Dakota, Tropicana Entertainment, Unite-Here | Comments Off

MGM to jack up resort fees; Boyd braces for Four Winds impact

Posted on February 21, 2018 by David McKee

Looking for a bargain in casino stocks? JP Morgan analyst Joseph Greff nominates MGM Resorts International, which he says “remains cheap.” He bases this, in part, on strong Las Vegas Strip performance driven by “two jewels” Bellagio and MGM Grand. … Continue reading →

Posted in Ameristar, Boyd Gaming, California, Cannery Casino Resorts, Hawaii, Indiana, Louisiana, Macau, Massachusetts, MGM Mirage, Missouri, North Las Vegas, Penn National, Resort fees, The Strip, Tribal, Wall Street | Comments Off

Sports betting a political football; Lucky Dragon doing just fine

Posted on February 10, 2017 by David McKee

Lawmakers in Maryland are entering the fray over sports betting. Unlike their counterparts in New Jersey, they’re not challenging the federal government directly. The proposed law, as drafted, would make sports betting legal in the Free State *if* the Bradley … Continue reading →

Posted in Ameristar, Boyd Gaming, Cordish Co., Delaware, Dining, Donald Trump, Georgia, GLPI, Harrah's, Hawaii, Internet gambling, Isle of Capri, Lucky Dragon, Macau, Maryland, MGM Mirage, Mississippi, Missouri, Neil Bluhm, New York, Penn National, Philippines, Pinnacle Entertainment, Politics, Racinos, Singapore, Sports, Steve Wynn, The Strip, Tourism, Tropicana Entertainment, Wall Street | Comments Off

Wynn Palace a work in progress; Hawaii ponders i-gaming

Posted on January 27, 2017 by David McKee

Wall Street analysts were pleasantly surprised by the latest results from Wynn Palace, which exceeded expectations. As JP Morgan analyst Joseph Greff wrote, the Palace “has reconfigured the main casino floor (mass market), adding new slot/poker sections and opening up … Continue reading →

Posted in Delaware, Economy, Hawaii, Internet gambling, Macau, Massachusetts, Neil Bluhm, Nevada, Penn National, Pennsylvania, Regulation, Sheldon Adelson, Steve Wynn, Technology, The Strip, Wall Street | Comments Off

Trump Taj: Everybody loses; Mixed bag for Boyd

Posted on August 4, 2016 by David McKee

Labor Day weekend will be the final hurrah for Trump Taj Mahal. Owner Carl Icahn has expressed his intent to close the struggling casino rather than continue to negotiate with striking Unite-Here Local 54. ““I would never have thought Carl … Continue reading →

Posted in Atlantic City, Boyd Gaming, Carl Icahn, Churchill Downs, Donald Trump, Downtown, Economy, Hawaii, Illinois, Kansas, Louisiana, Maryland, Mississippi, Tropicana Entertainment, Unite-Here | Comments Off

Fertittas strike it rich(er); Boyd surprises analysts

Posted on April 27, 2016 by David McKee

Red Rock Resorts — aka Station Casinos — split the difference in Wall Street‘s expectations of this week’s IPO, debuting a $19.50 (Street estimates ranged from $18 to $21 a share). Unfortunately, unlike the MGM Growth Partners offering, the goal … Continue reading →

Posted in Atlantic City, Boulder Strip, Boyd Gaming, Cannery Casino Resorts, Hawaii, history, MGM Mirage, Mississippi, North Las Vegas, Reno, Sheldon Adelson, Sports, Station Casinos, The Strip, Tourism, Wall Street | Comments Off

Wall Street loves it some Boyd; Wolf at the door

Posted on February 17, 2016 by David McKee

Boyd Gaming came out with its figures for 4Q15 and Wall Street is fairly singing the company’s praises. “We believe that BYD’s diversified, domestic regional gaming portfolio should continue to benefit from continued U.S. jobs growth and lower gas prices. … Continue reading →

Posted in Atlantic City, Boyd Gaming, Downtown, Greenwood Racing, Hawaii, Internet gambling, Iowa, Kansas, Louisiana, Mohegan Sun, Pennsylvania, PokerStars, Sheldon Adelson, Taxes, Technology, Transportation, Wall Street | Comments Off

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

Posted on February 8, 2016 by David McKee

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

Boyd: What’s not to like?; Poker cheat gets flushed

Posted on October 23, 2015 by David McKee

Try as it might, Boyd Gaming just doesn’t feel any warm fuzzies from Wall Street. J.P. Morgan analyst Joseph Greff called the most recent quarter “very impressive,” with 3% revenue growth and huge increases in cash flow. Still, Greff wrote, … Continue reading →

Posted in Atlantic City, Boyd Gaming, Environment, Harrah's, Hawaii, Internet gambling, Iowa, Louisiana, Penn National, Wall Street | Comments Off

Boyd impresses the Street, MGM disappoints

Posted on October 31, 2014 by David McKee

Boyd Gaming pleased Wall Street with its 3Q14 results, of which Joseph Greff of J.P. Morgan said “margin improvement was notable and impressive.” He noted modest growth in the Las Vegas locals and downtown segments and better-than-expected regional numbers, as … Continue reading →

Posted in Atlantic City, Boulder Strip, Boyd Gaming, Current, Downtown, Economy, Environment, Genting, Hawaii, Macau, MGM Mirage, Reno, Sam Nazarian, The Strip, Wall Street | Comments Off

Itchy trigger fingers in Massachusetts; Boyd besieged

Posted on March 12, 2014 by David McKee

After moving with extreme deliberation on terrestrial casinos, the Massachusetts Gaming Commission suddenly has a fire under its butt to do something about Internet gambling. “The time is now … We can’t wait any longer, even though we’re still in the … Continue reading →

Posted in Bally Technologies, Boyd Gaming, Hawaii, Horseracing, IGT, Internet gambling, Massachusetts, Penn National, Pennsylvania, Racinos, Regulation, Wall Street | Comments Off

Third-quarter blahs: Ameristar, Boyd, MGM; Crackdown in Alabama

Posted on November 2, 2012 by David McKee

While nobody quite matched the $221 million loss posted by Caesars Entertainment, the gaming industry didn’t lack for underachievers in 3Q12, thanks largely to softness in domestic casino markets. Ameristar Casinos reported a $16 million profit, despite a 2% revenue … Continue reading →

Posted in Alabama, Ameristar, Atlantic City, Boyd Gaming, CityCenter, Colorado, Current, Detroit, Downtown, Environment, Harrah's, Hawaii, Illinois, Iowa, Kansas, Louisiana, Macau, Marketing, Massachusetts, MGM Mirage, Mississippi, Missouri, Ohio, Penn National, Steve Wynn, The Strip | Comments Off