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- Ray Lebowski on Sibella scandal spreads; Supremes forestall Seminoles
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Category Archives: International
Horseplay in Massachusetts and Monday mega-jottings
At age 86, horse owner Armand Janjigian is as alive and kicking as the thoroughbreds he wants to race in Massachusetts. No, he doesn’t have a track but he’s busily snapping up land for one. He’s also going to need … Continue reading
Posted in California, Card rooms, Churchill Downs, Crown Resorts, Detroit, DFS, DraftKings, Economy, Election, FanDuel, Galaxy Entertainment, Golden Nugget, Health, Horseracing, Illinois, International, Japan, Las Vegas Raiders, Las Vegas Sands, Lotteries, Macau, Massachusetts, MGM Resorts International, Nebraska, New York, Penn National, Politics, Racinos, Regulation, Scientific Games, Sports, Sports betting, Taxes, The Strip, Tourism, Wall Street, Wynn Resorts
2 Comments
Election Special: “The biggest political event ever”
An anonymous British financier will have to wait another 24 hours to find out if his $5 million bet on Donald Trump comes up a winner. He’ll pocket $15 million from Curaçao bookies if it does. The flutter, made after … Continue reading
Baker’s casino crackdown; NFL playoffs diluted
No more all-night gambling for you, Massachusetts! Seeing a rise in Covid-19 cases, Gov. Charlie Baker (R) has curtailed casino hours. They have to close by 9:30 p.m. until further notice. If you’re buying booze (essential for Election Night) or … Continue reading
Posted in DraftKings, Economy, FanDuel, Health, International, Massachusetts, MGM Resorts International, Regulation, Rush Street Gaming, Sports, Sports betting, Wynn Resorts
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Macao gets a boost; Sisolak’s October surprise
“Encouraging” isn’t what you usually say about a 75% plunge in revenue. But in Macao, where casino win has been virtually nonexistent this year it’s cause for dancing in the streets. To be pedantic, revenues were down 72.5% but an … Continue reading
Posted in Architecture, Caesars Entertainment, China, Economy, G2E, Hard Rock International, Health, International, Japan, Las Vegas Sands, Macau, Melco Resorts & Entertainment, Nevada, New York, Oklahoma, Real Estate, Regulation, Sheldon Adelson, Taxes, The Strip, Tribal, Wall Street, Wynn Resorts
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Sands: “Awful and apathetic”; Sheldon’s deep pockets
Despite ” taking into account a slower than anticipated rebound during the Golden Week period earlier this month and a generally slow visitation boost and revenue recovery from the (still early) resumption of the” Individual Visa Scheme in Macao, analysts at … Continue reading
Missouri wilts; Encore closes (sorta); Station upgraded
Pent-up demand and stimulus checks appear to be sputtering across the Midwest. Missouri casinos were down 7.5% last month, grossing $129.5 million. Slots ($112 million) were off 6% and table games tumbled 17%. Top grosser in the state was Ameristar … Continue reading
Posted in Australia, Boyd Gaming, Caesars Entertainment, Century Casinos, Downtown, Economy, Hard Rock International, International, James Packer, Marketing, MGM Resorts International, Missouri, Mohegan Sun, Palms, Penn National, Regulation, Sports, Sports betting, Station Casinos, The Strip, Transportation, Twin River, Wynn Resorts
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Maryland returns to normal; Caesars offloads assets
Pandemic? What pandemic? Maryland casino revenues were 1% above last September’s, indicating a resumption of normality, at least where gambling is concerned. The statewide gross was $149.5 million. That’s despite restrictions that include keeping the casino floor at 50% of … Continue reading
Posted in Caesars Entertainment, Churchill Downs, Conventions, Cordish Co., Cretins, Delaware, Diversity, Economy, Election, FanDuel, Golden Gaming, Health, International, Internet gambling, Maryland, MGM Resorts International, Nebraska, Penn National, Pennsylvania, Racinos, Reno, Sports betting, Tribal, Virginia, West Virginia, William Hill
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Quote of the Day
“Debate? What debate? The event was not intended to change minds or elucidate issues. It was only a form of entertainment which did credit to neither the incumbent nor the challenger. It encapsulates all that has gone wrong with American … Continue reading
Posted in Election, International
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Caesars here, Caesars there, Caesars everywhere
Caesars Entertainment got a vote of confidence from JP Morgan analyst Daniel Politzer today, largely on the strength of its regional portfolio, as well as its potency in the sports-betting sphere. Regional trends were described as “better than expected,” and … Continue reading
Quote of the Day
“And to those who say we don’t need this stuff and we should leave people to take their own risks, I say these risks are not our own. The tragic reality of having Covid is that your mild cough can … Continue reading
Posted in Current, Health, International
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Sands low on Vegas, Boyd upbeat, mixed signals from Station
Yesterday it was Las Vegas Sands‘ turn with JP Morgan gaming analysts and the company was full of surprises. Little of its commentary had to do with the Las Vegas Strip, about which it was “downbeat,” what with conventioneers and … Continue reading
New York game-changer; MGM sticks it to servers
What Jim Murren and Sheldon Adelson couldn’t do, New York state Sen. James Skoufis (D) just might. With four upstate casinos still closed and the state budget pummeled by the economic effects of Coronavirus, Skoufis is proposing that the state … Continue reading
Posted in Australia, Caesars Entertainment, Cretins, Economy, Election, Environment, Health, International, Jim Murren, Louisiana, Macau, MGM Resorts International, Mississippi, New York, Ohio, Politics, Problem gambling, Regulation, Sheldon Adelson, Unite-Here, Virginia
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Pinching pennies at Caesars; Glitters at Golden
Anthony Rodio‘s multi-million-dollar revamp of Bacchanal Buffet may well have been for naught. On yesterday’s earnings call the Tom Reeg administration floated the idea of closing all buffets at Caesars Entertainment properties. Expect comps to be sweated until they bleed … Continue reading
Posted in Arizona, Caesars Entertainment, Colorado, Dining, Donald Trump, Economy, Election, Florida, Golden Gaming, Hard Rock International, Health, International, Internet gambling, Louisiana, Marketing, Mississippi, Nevada, Penn National, Pennsylvania, Problem gambling, Seminole Tribe, The Strip, Tourism, Tribal, Wall Street, Wynn Resorts
1 Comment
Cuomo stiff-arms casinos; MGM’s blame game
Tioga Downs owner Jeff Gural was able to get some face time with Global Gaming Business … which is more than he’s been able to do with New York State Gov. Andrew Cuomo (D), much to Gural’s chagrin. He’s chafing … Continue reading
Posted in Caesars Entertainment, Churchill Downs, Economy, Full House Resorts, Genting, Health, Illinois, Indiana, International, Kentucky, Las Vegas Sands, Massachusetts, MGM Resorts International, New York, Politics, Rush Street Gaming, Sports betting, The Strip, Tribal, Wynn Resorts
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Big Gaming declares war on employees
With Big Gaming’s generals itching to sell out their foot soldiers (i.e., employees), it’s interesting—to say the least—that we’ve heard nothing from the Culinary Union or Unite-Here President D. Taylor except a loud chorus of … crickets. They’re rolling over … Continue reading
Chilly June in Las Vegas
June revenue on the Las Vegas Strip plunged 61% to $238 million. Locals revenue was down 28% (those stimulus checks only go so far). Statewide, it wasn’t quite so bad, off 46% to $567 million. Casinos reopened June 4, which … Continue reading
Casinos unleash Culinary’s wrath
Las Vegas‘ casino industry seems to be behaving counterintuitively, reopening casinos and hotels (Vdara is the latest) at a time when visitor demand is softening. JP Morgan analyst Joseph Greff reports today that, for the July 11-18 period, Clark County … Continue reading
Posted in Arizona, Caesars Entertainment, CityCenter, Cosmopolitan, Culinary Union, Economy, Eldorado Resorts, Florida, Health, Hooters, International, Iowa, Lake Tahoe, Las Vegas Sands, Louisiana, Macau, Mississippi, Missouri, Nevada, Paragon Gaming, Politics, Sports, Station Casinos, Wall Street, Westgate LV
2 Comments
Caesars gets wrist slapped in Atlantic City
Casino developers with eyes for Atlantic City just got their biggest break in years—or at least since the demise of Trump Taj Mahal. Assuming the Eldorado Resorts takeover of Caesars Entertainment goes through (and there’s no reason to believe otherwise), … Continue reading
Gaming the system is easy
by Andrew Fenton If you’re trying to get from Point A to Point B without getting caught by the authorities, you’re likely to head for the back roads where there are fewer police than on the highway. For the same … Continue reading
Posted in Canada, International, Internet gambling, Law enforcement, Macau, Money laundering, Technology
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Case Bets
Rather than have a Vegas-only policy, MGM Resorts International has chosen to make face masks mandatory for customers at all its properties nationwide. It might cost them a little bit of business but it’s the right thing to do. This … Continue reading