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Category Archives: Indiana
Rough month in Indiana, rougher in Missouri
Indiana gaming revenues nosed down 3% last month, for a total gross of $181 million. JP Morgan analyst Joseph Greff blames it on adverse weather from Hurricane Barry, plus intensified competition in the Louisville area. Both racinos were revenue-positive, with Hoosier … Continue reading
Posted in Architecture, Boyd Gaming, Caesars Entertainment, Centaur Gaming, Eldorado Resorts, Entertainment, Environment, Full House Resorts, Genting, Indiana, Kentucky, Massachusetts, MGM Resorts International, Missouri, Penn National, Spectacle Entertainment, The Strip, Tribal, Wynn Resorts
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Rock the casbah; The risks of Japan
Although Israel continues to outlaw casinos, undoubtedly to Sheldon Adelson‘s deep regret, the Middle East is pustulent with gaming houses. Yes, the Koran forbids it but that’s hardly stopping anyone. Egypt stands out with roughly 15 casinos, supposedly off-limits to … Continue reading
Posted in Animals, Atlantic City, Caesars Entertainment, Genting, GLPI, Illinois, Indiana, International, Japan, Las Vegas Sands, Macau, Melco Resorts & Entertainment, Movies, Ohio, Pennsylvania, Scientific Games, Sheldon Adelson, Singapore, Sports betting, Taxes, The Strip, Tourism, Wall Street
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Wynn tops in U.S. casinos; Crown in hot water again
Steve Wynn got some love from the contributors to TripAdvisor, whose top-three-ranked casinos in America are Wynn Las Vegas, Encore and Beau Rivage, a vindication of Wynn’s spare-no-detail approach. However, Bellagio may be showing its age, clocking in at a … Continue reading
Posted in Atlantic City, Australia, Boulder Strip, Boyd Gaming, Caesars Entertainment, CityCenter, Cosmopolitan, Crown Resorts, Detroit, Downtown, Economy, Eldorado Resorts, Foxwoods, Golden Gaming, Indiana, Iowa, Las Vegas Sands, Law enforcement, Louisiana, M Resort, Macau, MGM Resorts International, Mississippi, Mohegan Sun, North Las Vegas, Oklahoma, Penn National, Pennsylvania, Politics, Reno, Station Casinos, Steve Wynn, Terry Caudill, The Strip, Tourism, Tribal, TV, Wynn Resorts
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Trouble in paradise; Hard Rock comeback
As faithful S&G readers know, we’re coming up on the re-tender of the six casino concessions in Macao. One of the enclave’s most prominent junket operators, Suncity, had hoped to oust an existing concessionaire and take over its casinos. (A … Continue reading
Casino aspirants elbow for advantage; T-Rex derby in Washington
Full House Resorts and Spectacle Entertainment are jostling for position in Terre Haute—provided that Vigo County voters approve a casino for the city. But will it beat nearby Danville to the punch? “Pending a positive outcome on the referendum, I … Continue reading
Posted in Arkansas, Connecticut, Election, Entertainment, Full House Resorts, Illinois, Indiana, International, Internet gambling, Japan, Mohegan Sun, Nebraska, Pennsylvania, Philippines, Slot routes, Spectacle Entertainment, Taxes, Virginia, Warner Gaming
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Ohio prospers, others don’t; Labor trouble at Eldorado
Maryland continues to show signs of casino saturation. Revenue ($143 million) was down 4% last month. Not even MGM National Harbor ($57 million) was immune, off 4%. Slots were up 10% but table games got walloped, down 19%. Still, MGM … Continue reading
Posted in Boyd Gaming, Caesars Entertainment, Carl Icahn, Churchill Downs, Cordish Co., Culinary Union, Dan Gilbert, Eldorado Resorts, Election, Florida, Full House Resorts, Indiana, Isle of Capri, Maryland, MGM Resorts International, Ohio, Penn National, Spectacle Entertainment, Station Casinos, Tropicana Entertainment, Unite-Here, West Virginia
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Record year for U.S. casinos; Boyd lauded
While the gaming industry seems to be straining at the limits of how far it can expand in the good old U.S. of A. the numbers don’t lie: The casino industry posted a record $41.7 billion last year. That’s a … Continue reading
Posted in AGA, Boyd Gaming, Caesars Entertainment, Economy, Full House Resorts, Illinois, Indiana, Majestic Star, Penn National, Sports, Transportation, Wall Street
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Wire Act reversal reversed; China scare for Las Vegas
A federal judge dealt a major defeat to the Justice Department in its efforts to reinterpret the Federal Wire Act as a ban on Internet gambling. Nope, only sports betting ruled Judge Paul Barbadoro. The ruling is a boon to … Continue reading
Posted in Atlantic City, Caesars Entertainment, Economy, Eldorado Resorts, Entertainment, Florida, Hard Rock International, Indiana, International, Internet gambling, Law enforcement, Lotteries, Marketing, Mohegan Sun, Ocean Resort, Palms, Pennsylvania, Regulation, Seminole Tribe, Sheldon Adelson, Singapore, Sports betting, Station Casinos, Tourism, Tribal, Unite-Here, Wall Street, World Series of Poker
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The value of a dollar & other Case Bets
If you’re making up your casino budget, you might want to stay away from Atlantic City or New York State, where a dollar has only the buying power of 87 or 88 cents. By contrast, the same dollar spent in … Continue reading
Posted in Atlantic City, Cosmopolitan, Derek Stevens, Economy, Hawaii, history, Indiana, MGM Resorts International, Michigan, Mississippi, Missouri, Nevada, New York, Ohio, Sports betting, The Strip, TV, William Hill
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Tribe trumps Trump; Rockford pleads for casino
Despite being thrown off the fast-track legislative calendar by a blast of hot air from Donald Trump, a bill to restore land-in-trust status to the Mashpee Wampanoags has sailed through the House of Representatives, 257-146 in a bipartisan win. “Without support … Continue reading
Wynn disappoints, MGM expectations managed
Although Wynn Resorts reported $1.6 billion in revenue for 1Q19, Credit Suisse analyst Ben Combes called the numbers “disappointing … We remain Neutral on WYNN, given macro uncertainty and policy risk in Macau and China. Our forward macro indicators are … Continue reading
Posted in Boyd Gaming, Caesars Entertainment, Crown Resorts, Eldorado Resorts, Full House Resorts, Indiana, Lotteries, Macau, MGM Resorts International, Penn National, Scientific Games, Spectacle Entertainment, Sports, The Strip, Tribal, Wall Street, Wynn Resorts
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Indiana gets it done; Fox puts $$ into sports betting
It’s official. Indiana Gov. Eric Holcomb (R) has affixed his signature to a bill that will expand gambling in the Hoosier State by approving two new casinos and permitting sports betting, expected to take off by September. (All-important mobile betting … Continue reading
Posted in Caesars Entertainment, Connecticut, Foxwoods, Indiana, Majestic Star, MGM Resorts International, PokerStars, Politics, Spectacle Entertainment, Sports, Sports betting, TV
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Caesars’ secret weapon
“Just the right amount of optimism” was how Credit Suisse analyst Ben Combes described Caesars Entertainment’s 1Q19 results. Ex-CEO Mark Frissora‘s purchase of Centaur Gaming continues to pay off, as it was the tentpole of regional-gaming performance. “On a same-store … Continue reading
Case Bets
It’s early yet but the House Finance Committee of the Colorado Lege has overwhelmingly voted through a sports-betting bill. The would-be law has to survive three more votes in the House before moving along to the state Senate. However, it … Continue reading
Posted in Architecture, Colorado, history, Horseracing, Indiana, Majestic Star, New Jersey, Pennsylvania, PokerStars, Politics, Regulation, Sports, Sports betting, Taxes
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Sands gets spanked; Palms (almost) loses its name
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
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Around the horn
Gambling revenue hit a record amount in Maryland last month, up 9% to $164 million. The good news for MGM National Harbor was that winnings were up 4% to $64 million. The bad news is that this was driven by … Continue reading
Posted in Affinity Gaming, Ameristar, Boyd Gaming, Caesars Entertainment, Churchill Downs, Cordish Co., Dan Gilbert, Eldorado Resorts, Full House Resorts, GLPI, Golden Gaming, Hard Rock International, Illinois, Indiana, Isle of Capri, Maryland, MGM Resorts International, Missouri, Ohio, Penn National, Racinos, Rush Street Gaming, Taxes, Tribal, Wall Street, West Virginia
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Casino expansion in Indiana; Wynn nixes Crown deal
Mike Pence having gone to Washington, D.C., we miss his existential debates over what does and does not represent an “expansion” of gambling in Indiana. Doubtless he would come down on the “does” side of a state House proposal to—rather than move … Continue reading
Posted in Caesars Entertainment, Crown Resorts, Entertainment, Indiana, International, Law enforcement, Macau, Majestic Star, Philippines, Politics, Regulation, The Strip, World Series of Poker, Wynn Resorts
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Business as usual
Ohio casinos grossed $155 million last month, a 5.5% increase. Hollywood Toledo was 2.5% to $16 million and Hollywood Columbus rose 3% to $19 million. Hollywood Dayton was also up 3% to $9 million. Hollywood Mahoning Valley leapt 7% to $10 … Continue reading
Posted in Ameristar, Animals, Boyd Gaming, Caesars Entertainment, California, Cantor Gaming, Churchill Downs, Dan Gilbert, Eldorado Resorts, Full House Resorts, Horseracing, Indiana, Japan, M Resort, Macau, Majestic Star, Massachusetts, MGM Resorts International, Movies, Ohio, Penn National, Regulation, Sports betting, The Strip, Wall Street, William Hill, Wynn Resorts
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Bluhm’s big push; Gary dissed; Oscar betting debuts
Neil Bluhm isn’t waiting like some blushing wallflower for the Massachusetts Gaming Commission to approve him for a casino in Brockton. He’s spent $430,000 on Beacon Hill to make his $700 million casino project in reality. To put that in … Continue reading
Posted in Ameristar, Architecture, Caesars Entertainment, Cirque du Soleil, Economy, Entertainment, Genting, Indiana, Iowa, Law enforcement, Majestic Star, Massachusetts, Movies, Neil Bluhm, Penn National, Politics, Regulation, Rhode Island, Rush Street Gaming, Sports, Sports betting, The Strip, Tribal
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Churchill Downs pwns Caesars; Kentucky covets casinos
Cold weather helped chill Indiana casino revenues last month, down 6%. The Hoosier State’s casinos and racinos grossed $154 million. Horseshoe Southern Indiana continues to bleed business to Churchill Downs‘ Derby City, hemorrhaging 10% to $16.5 million. Full House Resorts … Continue reading
Posted in Boyd Gaming, Caesars Entertainment, Churchill Downs, DFS, e-sports, Eldorado Resorts, Full House Resorts, Indiana, Internet gambling, Kentucky, Macau, Marketing, Massachusetts, MGM Resorts International, New York, Penn National, Politics, Racinos, Sports, Sports betting, Taxes, Technology, Tilman Fertitta, Wall Street, Wynn Resorts
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