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- Ray Lebowski on Sibella scandal spreads; Supremes forestall Seminoles
- David McKee on Sibella scandal spreads; Supremes forestall Seminoles
- Ray Lebowski on Sibella scandal spreads; Supremes forestall Seminoles
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- Paul Shanahan on MGM crippled; Illinois & Indiana report; Bally’s shaky in Chi
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Category Archives: Health
Mega-January on the Strip; Much ado about Caesars
January’s Nevada gambling-revenue numbers are out and the Silver State topped $1 billion yet again, a 41.5% boost over last year. However, some jurisdictions manifested slight declines, a sign that casino activity may be “normalizing” after a heated 2021. To … Continue reading
Posted in Animals, Arizona, Atlantic City, Bally, Baseball, Boulder Strip, Caesars Entertainment, Churchill Downs, Conventions, Dining, Downtown, Genting, Health, Internet gambling, Lake Tahoe, Laughlin, Louisiana, Marketing, Mesquite, Nevada, New Jersey, New York, North Las Vegas, Peninsula Pacific, Pennsylvania, Planet Hollywood, Politics, Reno, Singapore, Sports, Sports betting, Texas, The Strip, Tourism, Tribal, Wall Street, Wendover, Wisconsin
2 Comments
MGM boffo; Establishment freaks out over sports betting
“Viva Las Vegas” was the headline on Credit Suisse analyst Ben Chaiken‘s recap of 4Q21 earnings from MGM Resorts International. Wall Street expected $2.8 billion in revenue and $705 million in cash flow. MGM delivered $3.1 billion and $821 million, … Continue reading
Posted in BetMGM, Caesars Entertainment, Canada, Conventions, Cosmopolitan, DFS, Donald Trump, DraftKings, Election, Entertainment, Florida, Hard Rock International, Hawaii, Health, Illinois, Japan, Las Vegas Sands, Lotteries, Macau, Marketing, Mattress Mack, MGM Resorts International, Nevada, New York, Problem gambling, Seminole Tribe, Sports, Sports betting, Station Casinos, Steve Wynn, Taxes, Technology, The Strip, Wall Street, Wynn Resorts
3 Comments
Adios, Tropicana?; New York sports betting tops $1 billion easily
Visit the Tropicana Las Vegas while yet you can. Why? Because Bally’s Corp. Chairman Soo Kim is seriously weighing the possibility of “knocking it down and starting over.” Yes, Kim would rebrand the place as Bally’s Las Vegas and then … Continue reading
Posted in Alex Yemenidjian, Atlantic City, Bally, BetMGM, Caesars Entertainment, Chicago, Columbia Sussex, Conventions, DraftKings, e-sports, Economy, Election, FanDuel, GLPI, Health, history, Laughlin, Nevada, New Jersey, New York, Peninsula Pacific, Penn National, Politics, Rush Street Gaming, Sahara, Sports betting, Taxes, Texas, The Strip, Virginia
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Adele fiasco at Caesars; Trouble for Sands in Florida
Resorts World Las Vegas, we’ll see your Celine Dion health-scare postponement and raise you an Adele cancellation at Caesars Palace. The British megastar’s team has, like so much of the human race, contracted Covid-19 and is not physically capable of … Continue reading
Posted in Alex Meruelo, Bally, Boyd Gaming, Caesars Entertainment, Churchill Downs, Diversity, Election, Entertainment, Florida, Greenwood Racing, Health, history, Las Vegas Sands, Louisiana, Macau, Marketing, New York, Peninsula Pacific, Penn National, Pennsylvania, Regulation, Sahara, Seminole Tribe, Sports, Sports betting
1 Comment
Illinois slouches; Boyd, Churchill praised; DraftKings assessed
Not even Rivers Casino Des Plaines was spared the impact of Hard Rock Rockford, as the newbie helped take a 4.5% bite out of Rivers’ December casino revenues compared to 2019, for a Des Plaines gross of $43 million, still … Continue reading
Posted in Arizona, Bally, Boyd Gaming, Caesars Entertainment, California, Canada, Churchill Downs, Connecticut, Downtown Grand, DraftKings, Election, Florida, Full House Resorts, Hard Rock International, Health, Illinois, Indiana, Internet gambling, Iowa, Isle of Capri, Las Vegas Sands, Louisiana, Maine, Maryland, Mattress Mack, MGM Resorts International, New York, Ohio, Penn National, Regulation, Singapore, Sports, Sports betting, Station Casinos, Taxes, Wall Street
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Meet the new National Harbor boss, same as the old boss
Maryland closed out 2021 hot, up 16% from 2019 with a gross of $173 million in December. As usual, MGM National Harbor was in the lead with $74.5 million. Maryland Live booked $62.5 million for a 20.5% gain and 36% … Continue reading
Posted in Alex Meruelo, Arizona, Atlantic City, Boyd Gaming, Caesars Entertainment, California, Churchill Downs, Dining, DraftKings, Economy, FanDuel, Golden Gaming, Health, Idaho, Indiana, Las Vegas Raiders, Louisiana, Macau, Marketing, Maryland, MGM Resorts International, Mississippi, Missouri, Nevada, New Hampshire, New Jersey, New York, Ohio, Oklahoma, Penn National, Pennsylvania, Rush Street Gaming, Sahara, Sports, Sports betting, Taxes, Technology, Tennessee, The Strip, Tourism, Tribal, Wall Street, World Series of Poker
Comments Off on Meet the new National Harbor boss, same as the old boss
Doldrums in Macao; “Love” in jeopardy; Mega-Jottings
There’s an Eeyore sweatshirt that says, “Could be worse. Not sure how, but it could be.” That pretty much sums up the situation in Macao, which finished 2021 44% ahead of 2020 when it comes to gambling revenue … but … Continue reading
Posted in Arizona, Atlantic City, Cirque du Soleil, Colorado, Cordish Co., Economy, Florida, Galaxy Entertainment, GLPI, Health, IGT, International, Lake Tahoe, Las Vegas Raiders, Las Vegas Sands, Laughlin, Law enforcement, Macau, Maryland, Melco Resorts & Entertainment, MGM Resorts International, North Carolina, Politics, Real Estate, Regulation, Sports betting, Taxes, Tribal, Wall Street, Washington State, Wynn Resorts
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If at first you don’t succeed … sue; Academy Awards odds posted
It’s a tried and true adage of American life that if you can’t get what you want fair and square, take it to court. Case in point: Full House Resorts. Having lost out on the Indiana Gaming Commission‘s selection of … Continue reading
Posted in Alabama, Bally, Chicago, Churchill Downs, Dan Lee, Election, Full House Resorts, Health, Indiana, International, Las Vegas Sands, Macau, Melco Resorts & Entertainment, Movies, Nebraska, Ohio, Politics, Racinos, Regulation, Sports betting, WInd Creek, Wynn Resorts
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Chicago dog-and-pony show; Raiders get punted by Covid
All three developers jockeying for a Chicago casino trotted out their proposals Thursday “replete with soaring promises of economic jolts, job creation and jackpots for the city’s future casino tax revenue coffers, which are earmarked for its depleted police and … Continue reading
Everybody wins in Massachusetts; Makeover for The Mirage
Massachusetts casinos bagged $88 million last month, a 12% boost over 2019. Encore Boston Harbor, predictably, was way, way out in front with $55 million, up 16.5%. Win was fairly even divided between slots ($30 million) and tables ($25 million), … Continue reading
Posted in Atlantic City, Australia, Cirque du Soleil, Cosmopolitan, Crown Resorts, Downtown, DraftKings, Election, Failsinos, FanDuel, Florida, Hard Rock International, Health, Marketing, Massachusetts, MGM Resorts International, New York, Penn National, Regulation, Seminole Tribe, Sports betting, Station Casinos, The Strip, Wall Street, Wynn Resorts
1 Comment
Mirage sold; Big win for Las Vegas; Bluhm, Reinsdorf clash in Chicago
In a billion-dollar coup, MGM Resorts International has sold the operations of The Mirage to Hard Rock International, a huge markup on Steve Wynn‘s 1989 creation—and Hard Rock isn’t even getting the underlying land! All this for 17X EBITDA, an … Continue reading
Posted in Architecture, Caesars Entertainment, Chicago, Cordish Co., Downtown, DraftKings, Economy, Hard Rock International, Health, Japan, MGM Resorts International, Mohegan Sun, New Jersey, Pennsylvania, Planet Hollywood, Politics, Rush Street Gaming, Scott Butera, Sports, Sports betting, Station Casinos, Steve Wynn, The Strip, TV, Virgin Hotels
4 Comments
MGM enjoys reversal of fate; From the police blotter; Raiders sunk
How the wheel of fortune has turned for MGM Resorts International. Where Macao was once the grand prize among its casino trophies, it is now an albatross around the company’s neck, provoking a guarded outlook from Fitch Ratings. But MGM’s … Continue reading
Posted in Atlantic City, Caesars Entertainment, China, Cordish Co., Cretins, Delaware, GLPI, Health, International, Las Vegas Raiders, Law enforcement, Louisiana, Macau, Maryland, MGM Resorts International, New York, North Las Vegas, Peninsula Pacific, Politics, Real Estate, Sports, Sports betting, Taxes, Texas, The Strip, Tilman Fertitta, Tribal, Unite-Here, Wall Street, Wynn Resorts
Comments Off on MGM enjoys reversal of fate; From the police blotter; Raiders sunk