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Category Archives: Indiana
Hard times for Atlantic City; Murren’s big payday
Atlantic City casinos have pink-slipped 6,000 workers as a gaming shutdown goes on indefinitely. Said Ocean Casino Resort CEO Terry Glebocki, “This is truly an unprecedented time not only for Ocean, but for everyone.” Unemployment claims in the Garden State … Continue reading
Posted in Atlantic City, Boyd Gaming, Caesars Entertainment, Economy, Eldorado Resorts, Hard Rock International, Health, Illinois, Indiana, Louisiana, Macau, MGM Resorts International, Morris Bailey, Ocean Resort, Penn National, Pennsylvania, Real Estate, Regulation, Sports betting, Tribal, Wall Street, Washington State
1 Comment
Quote of the Day
“I wish there was a stronger word for disappointed. I’m calling on them to do better.”—Sean Durbin, public health emergency preparedness coordinator for Decatur County in Indiana, after receiving only 77 N95 masks and 24 face shields from the federal government.
Casinos in survival mode; Sports betting in Cali in peril
After this week’s stimulus vote in the U.S. Congress, the casino industry would seem to have ducked a bullet. But, depending on how much financial aid it can draw down, the question lingers over whether any operators will have to file … Continue reading
Posted in Boyd Gaming, Caesars Entertainment, California, Charity, Colorado, Economy, Election, Foxwoods, Full House Resorts, Golden Gaming, Health, Horseracing, Indiana, International, Internet gambling, Las Vegas Sands, Louisiana, MGM Resorts International, Mohegan Sun, Nevada, Oklahoma, Penn National, Problem gambling, Regulation, Sports betting, Station Casinos, Tourism, Transportation, Tribal, Wall Street, Wynn Resorts
1 Comment
Where do we go from here?
In the process of canceling its 2020 earnings guidance, Marriott International gave some oblique insight into how the casino industry is likely to cope with the Coronavirus quarantine. Occupancy, it said, had fallen to 25%, compared to 70% last year. … Continue reading
Posted in AGA, Alabama, Baseball, Boyd Gaming, Caesars Entertainment, Carl Icahn, Charity, Economy, Health, Illinois, Indiana, International, Internet gambling, Iowa, Las Vegas Sands, Macau, Melco Resorts & Entertainment, MGM Resorts International, Movies, Oregon, Penn National, Real Estate, Regulation, Sahara, Sheldon Adelson, Slot routes, South Korea, Sports, Sports betting, The Strip, Tribal, Wall Street, Wynn Resorts
1 Comment
Casino closures sweep the country
We’re all going through what are called “adjustment reactions,” including casino executives across the country. They’d like to stay open for business—many are—but others are being forced to close or making the difficult choice to go dark on their own. … Continue reading
Posted in Boyd Gaming, Caesars Entertainment, Conventions, Cordish Co., Derek Stevens, Downtown, e-sports, Economy, Eldorado Resorts, Health, IGT, Illinois, Indiana, Las Vegas Sands, Maryland, Massachusetts, Melco Resorts & Entertainment, MGM Resorts International, New York, Ohio, Pennsylvania, Scientific Games, Sports, Station Casinos, The Strip, Wall Street, Wynn Resorts
1 Comment
Explosive month in Indiana, elsewhere
Hoosier State casinos were raking it in hand over fist last month, as casino receipts shot 14.5% upward. The $192 million gross included $7 million from still-novel table games at Indiana Grand and Hoosier Downs. Yes, there was an extra … Continue reading
Posted in Boyd Gaming, Caesars Entertainment, Century Casinos, Churchill Downs, Dan Gilbert, Economy, Eldorado Resorts, Full House Resorts, Hard Rock International, Indiana, MGM Resorts International, Ohio, Penn National, Racinos, Spectacle Entertainment, Sports betting
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Bank rides to Churchill Downs’ rescue; Las Vegas healthy
Last week Churchill Downs posted perfectly good 4Q19 numbers but Wall Street wasn’t buying it. CHDN shares slumped 14%. That prompted some weekend damage control from JP Morgan, which bumped its rating up from “neutral” to “overweight,” and sent analyst … Continue reading
Posted in Caesars Entertainment, China, Conventions, Donald Trump, Economy, Eldorado Resorts, Health, history, Horseracing, Illinois, Indiana, International, Kentucky, Marketing, Problem gambling, Regulation, Rhode Island, Slot routes, Sports, Sports betting, The Strip, Tourism, Transportation, Tribal, Wall Street, Washington State, William Hill, Wynn Resorts
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Bennett returns, Aguilera leaves, Adelsons idolized
The Las Vegas Strip will be blessed for three nights in August, as Tony Bennett returns to The Venetian. He’ll play the 12th, 14th and 15th, with an assist from Antonia Bennett. Tickets start at $50, with a portion of … Continue reading
Posted in Aristocrat, Boyd Gaming, CityCenter, Entertainment, Florida, Health, history, IGT, Indiana, Las Vegas Sands, Louisiana, Macau, Maine, Marijuana, MGM Resorts International, Oregon, Planet Hollywood, Problem gambling, Scientific Games, Scott Butera, Sheldon Adelson, Shuffle Master, Singapore, Sports, Sports betting, Technology, The Strip, Tribal, Wisconsin
1 Comment
Boom in the Rust Belt
You’d be forgiven if you did a double take upon seeing the latest casino-revenue numbers out of the Midwest. Business is up—to sometimes-unprecedented degrees. Take Ohio, for instance. It’s always a casino-friendly state … but a 19% upsurge in revenue? … Continue reading
Posted in Boyd Gaming, Caesars Entertainment, Churchill Downs, Dan Gilbert, DraftKings, Economy, Eldorado Resorts, FanDuel, Full House Resorts, GLPI, Hard Rock International, Illinois, Indiana, MGM Resorts International, Missouri, Ohio, Penn National, Racinos, Rush Street Gaming, Spectacle Entertainment, Sports betting
2 Comments
Tramway to Encore; Pennsylvania pony pennies pinched
A gondola ride from Everett City Hall to Encore Boston Harbor? It could happen. Everett Mayor Carlo DeMaria has applied for a $200,000 study grant so that the city can look into the feasibility. He’s picking up the ball from Wynn … Continue reading
Packer’s pickle; Sands, MGM, Wynn lauded
Crown Resorts, under investigation in New South Wales, evidently decided it could no longer afford to half-ass it without a CEO (a position that had gone unfilled for three years) and elevated CFO Ken Barton to the job. Congratulations … … Continue reading
Posted in Indiana, James Packer, Japan, Las Vegas Sands, Law enforcement, Macau, Mandalay Bay Massacre, Melco Resorts & Entertainment, MGM Resorts International, Sexual misconduct, Sheldon Adelson, Stanley Ho, Wynn Resorts
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Spectrum under the microscope; Super Bowl bets boffo
Expected approval of Spectacle Entertainment‘s casino project in Terre Haute came to a screeching halt after revelations that former state Sen. Brent Waltz received illegal campaign contributions from an executive at Spectacle predecessor Centaur Gaming. The disclosure was enough for … Continue reading
Posted in AGA, Centaur Gaming, Indiana, Law enforcement, Movies, Nevada, New Jersey, Politics, Regulation, Spectacle Entertainment, Sports, Sports betting, Westgate LV, William Hill
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It’s Greek to them; Super Bowl odds amuse
Despite having lost its bid for the Hellenikon megaresort concession, Hard Rock International isn’t taking rejection lying down. “While we are disappointed by this news, we are more disappointed in the process. Hard Rock firmly believes it was wrongly disqualified … Continue reading
Posted in Animals, Conventions, Donald Trump, Election, Entertainment, Environment, Hard Rock International, Indiana, International, MGM Resorts International, Mohegan Sun, Movies, New Jersey, Sports, Sports betting, The Mob, TV
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Draft Day is coming; Station rebounds
As you know, the next NFL draft will be continued on the Las Vegas Strip. The official plan has been released and we don’t know whether to be impressed or to laugh. In what has to be the most fey NFL … Continue reading
Posted in Atlantic City, China, Entertainment, Genting, Indiana, Japan, Macau, Movies, New Jersey, Palms, Sports, Station Casinos, The Strip, Transportation, Wall Street
1 Comment
Mohegan Sun in, Hard Rock out; Hoosiers crave sports betting
In a shocking upset, “a source close to the matter” reports that Hard Rock International has been turned down for the Hellenikon megaresort development in Greece. That means the winning bidder is Mohegan Sun. Hard Rock was apparently faulted both … Continue reading
Big MGM payday; Halting casino extortion; Wynn scammed
Betting the farm on Japan, CEO of MGM Resorts International Jim Murren has realized his goal of selling MGM Grand and Mandalay Bay. The price was a sweet $4.6 billion it will only cost MGM $292 million a year to lease … Continue reading
Posted in Caesars Entertainment, Eldorado Resorts, Environment, Hard Rock International, Indiana, Japan, Law enforcement, Louisiana, Macau, Massachusetts, Maverick Gaming, MGM Resorts International, Ohio, Penn National, Philippines, Spectacle Entertainment, Sports betting, Taxes, The Strip, Wynn Resorts
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Indiana flat, Missouri down, Jones up
Indiana gaming revenues were microscopically down last month, to $186 million, not bad when one considers that December 2018 had one more weekend day. It’s too soon to have numbers from table games at the racinos, so January’s will be … Continue reading
Posted in Boyd Gaming, Caesars Entertainment, Century Casinos, Diversity, DraftKings, Eldorado Resorts, Environment, FanDuel, Full House Resorts, Illinois, Indiana, MGM Resorts International, Michigan, Penn National, Racinos, Regulation, Scott Butera, Spectacle Entertainment, Sports betting, Wynn Resorts
1 Comment
Churchill Downs, Eldorado power Illinois; Atlantic City upgraded
Santa Claus was generous to Illinois casinos. Despite ever-increasing competition and an unfavorable calendar (one less weekend day) their receipts rose 5.5% last month. The gross was $124 million, with most of that ($94 million) coming from the state’s northern … Continue reading
Eyes on Atlantic City; ‘Smart chips’ a health menace?
It’s barely 2020 and already The Press of Atlantic City has identified the Boardwalk’s top five stories of the year. They are: 1) The evolving Eldorado Resorts takeover of Caesars Entertainment. Early indications are that Eldorado will try to keep … Continue reading
Posted in Atlantic City, Caesars Entertainment, Carl Icahn, Connecticut, Donald Trump, Economy, Eldorado Resorts, Environment, Foxwoods, history, Indiana, Internet gambling, Macau, Marketing, Mohegan Sun, Pennsylvania, Politics, Racinos, Regulation, Spectacle Entertainment, Sports betting, Tilman Fertitta, Transportation
2 Comments
Japan scandal grows; Caesars slammed
Japan‘s 500.com bribery case continues to spread. An additional five Nipponese lawmakers have been implicated, accused of taking $9,249. The notion that Japanese solons would sell their souls for such chump change indicates how desperately they want to get in on the … Continue reading