Category Archives: Internet gambling

History repeats itself, this time as farce

Posted on July 22, 2020 by David McKee

Caesars Entertainment is now Eldorado Resorts‘ bitch and, as Scott Roeben reports, there’s already reason to be concerned, starting with layoffs at Caesars Palace. New CEO Tom Reeg is apparently wasting no time sending employees to the firing squad. He … Continue reading →

Posted in Atlantic City, Boyd Gaming, Caesars Entertainment, Economy, Eldorado Resorts, GLPI, Hard Rock International, Health, Internet gambling, Las Vegas Sands, Louisiana, Marketing, MGM Resorts International, Ocean Resort, Planet Hollywood, Politics, Sheldon Adelson, Wynn Resorts | 3 Comments

Sisolak victimizes the vulnerable

Posted on July 21, 2020 by David McKee

During the Great Recession, then-Gov. Jim Gibbons (R, above) committed a depraved act by raiding Nevada‘s problem-gambling fund to plug some holes in the state budget. Not to be outdone, Gov. Steve Sisolak (D) is following in Midnight Jim’s footsteps. … Continue reading →

Posted in AGA, Baseball, Caesars Entertainment, California, Card rooms, Culinary Union, Genting, Health, history, Internet gambling, Jim Murren, Macau, MGM Resorts International, Midnight Jim Gibbons, Nevada, Politics, Problem gambling, Real Estate, Regulation, Scientific Games, Sports betting, Steve Wynn, Tribal | 2 Comments

Up in Louisiana, down in Pennsylvania; Close Las Vegas?

Posted on July 17, 2020 by David McKee

It’s an extraordinary circumstance when a 19.5% drop in gambling revenue is a cause for celebration. But it happened in Louisiana, suggesting a stronger-than-expected comeback from the casino shutdown. Given that there was one fewer weekend day last month, the … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, Churchill Downs, Donald Trump, Economy, Eldorado Resorts, FanDuel, Golden Nugget, Health, Internet gambling, Louisiana, Mohegan Sun, Nevada, Penn National, Pennsylvania, Rush Street Gaming, Sports betting, Tribal | Comments Off

Slot routes feel Sisolak’s wrath

Posted on July 15, 2020 by David McKee

Even after they were ordered to enforce mask-wearing or else, some casinos continue to flout the rules. Clark County conducted 1,600 inspections and found deficiencies at Silverton, an absence of social distancing at the Aria pool and no effort being … Continue reading →

Posted in Atlantic City, Caesars Entertainment, California, Dining, Eldorado Resorts, Election, Golden Nugget, Indiana, Internet gambling, Las Vegas Sands, MGM Resorts International, Nevada, New Jersey, Ocean Resort, Regulation, Silverton, Slot routes, Sports betting, The Strip, Tribal, Unite-Here | Comments Off

Chicago compromise effected

Posted on July 8, 2020 by David McKee

Windy City Mayor Lori Lightfoot (D) may have won a battle but is still losing the war. The Illinois Lege has passed—and Gov. J.B. Pritzker (D) has signed—a ‘relaxation of Chicago‘s 72% casino tax, a burden so onerous it would … Continue reading →

Posted in Boulder Strip, Caesars Entertainment, California, Environment, Greenwood Racing, Health, Illinois, Internet gambling, MGM Resorts International, Michigan, North Las Vegas, Oklahoma, Politics, Sports betting, Station Casinos, Taxes, The Strip, Tribal | Comments Off

Gaming the system is easy

Posted on July 1, 2020 by David McKee

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 | Comments Off

May’s cupboard empty

Posted on June 30, 2020 by David McKee

With Nevada casinos closed all May, gaming revenue was a ghost of its former self, down 99.5%, kept alive by mobile sports wagering and online poker. Silver State casinos grossed just under $6 million. Reno, Laughlin and Lake Tahoe all … Continue reading →

Posted in Caesars Entertainment, Cirque du Soleil, Derek Stevens, Downtown, Economy, Eldorado Resorts, G2E, Hard Rock International, Health, Internet gambling, Lake Tahoe, Laughlin, Law enforcement, Louisiana, MGM Resorts International, Ohio, Phil Ruffin, Politics, Regulation, Reno, Technology, The Strip, Tilman Fertitta, Tourism, Transportation, Wall Street | 2 Comments

Tribes in distress

Posted on June 23, 2020 by David McKee

“Gaming for the most part is what we survive on. In a lot of cases, if we don’t have gaming we don’t have dollars. We don’t have a tax base.” So says National Indian Gaming Association Chairman Ernie Stevens Jr. … Continue reading →

Posted in California, Card rooms, Economy, GLPI, Golden Nugget, Health, Illinois, Internet gambling, Politics, Regulation, Sports betting, Tribal, Wisconsin | 1 Comment

Dodd’s dud

Posted on June 22, 2020 by David McKee

An attempt to please all major players in the California gambling industry is dead in the Golden State Lege. Sponsor state Sen. Bill Dodd (D) tried to appease card rooms by offering them table games and positioning mobile sports betting. … Continue reading →

Posted in Australia, California, Internet gambling, Macau, MGM Resorts International, Politics, Sports betting, Tribal | 2 Comments

Louisiana sees fewer, richer players

Posted on June 18, 2020 by David McKee

Gambling re-started in Louisiana May 18, albeit with some significant casualties. Harrah’s New Orleans and Fair Grounds racino weren’t able to wade in until the end of the month and Diamond Jack’s is kaput. Despite mad business early in reopening, … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, Churchill Downs, Detroit, DraftKings, Eldorado Resorts, FanDuel, GLPI, Golden Nugget, Greenwood Racing, Health, Internet gambling, Louisiana, Michigan, Penn National, Pennsylvania, PokerStars, Rush Street Gaming, Sports betting, Taxes, Tribal, Wall Street | Comments Off

‘Net bets carry Atlantic City; Clubs face crisis

Posted on June 15, 2020 by David McKee

Internet casinos are in New Jersey to stay. They grossed $86 million last month, their highest amount ever. That’s 135% more than a year ago. Golden Nugget was tops with $29 million, followed by Resorts Digital ($18 million) and Borgata … Continue reading →

Posted in Atlantic City, Caesars Entertainment, Carl Icahn, Downtown, DraftKings, Economy, Entertainment, Florida, Golden Nugget, Health, Horseracing, International, Internet gambling, Las Vegas Sands, LVCVA, MGM Resorts International, Mississippi, Morris Bailey, New Jersey, New York, Ohio, Resorts World LV, Seminole Tribe, Sports, Sports betting, Steve Wynn, Taxes, The Strip, Tourism, Transportation, Wynn Resorts | 2 Comments

‘Net casinos boom; Indiana sports books struggle

Posted on June 11, 2020 by David McKee

Here is the kind of story American Gaming Association President Bill Miller doesn’t want us to write. Costa Rica-based PayPerHead software provider is quantifying the upsurge in Internet gambling that took off with Covid-19. Not only did online casinos benefit … Continue reading →

Posted in AGA, Boyd Gaming, Caesars Entertainment, DraftKings, FanDuel, Indiana, International, Internet gambling, Marketing, Penn National, Sports, Sports betting, Technology, Tourism, Transportation | Comments Off

Atlantic City gets good news; Stanley Ho canonized

Posted on June 2, 2020 by David McKee

July 4 could spell independence for Atlantic City casinos, judging by recent statements from New Jersey Gov. Phil Murphy (D). In a radio interview he said, “It’s probably still too early to give you a very specific answer but there’s a … Continue reading →

Posted in Atlantic City, Boyd Gaming, Derek Stevens, Health, International, Internet gambling, Iowa, Macau, Marketing, MGM Resorts International, Missouri, New Jersey, Ohio, Problem gambling, Regulation, Stanley Ho, Twin River, Wall Street | 1 Comment

Case Bets

Posted on May 28, 2020 by David McKee

Unlike Las Vegas, casinos in Atlantic City aren’t being proactive in preparing for a mid-pandemic reopening. Ergo, the public sector is stepping into the void, in the form of state Senate President Stephen Sweeney (D, right). Gov. Phil Murphy (D) … Continue reading →

Posted in Atlantic City, Colorado, Dining, Health, Internet gambling, Marketing, Regulation | 2 Comments

Wynn vs. Covid-19; Louisiana casinos reopen with a bang

Posted on May 19, 2020 by David McKee

Are high-rollers immune to Covid-19? Guess so. They’re the only ones who’ll be allowed to play craps when Wynncore and Encore Boston Harbor reopen. Truth to tell, blowing on dice seems kind of creepy in the age of Coronavirus, even … Continue reading →

Posted in AGA, Boyd Gaming, Caesars Entertainment, DraftKings, Economy, Entertainment, FanDuel, Greenwood Racing, Health, Internet gambling, Louisiana, Massachusetts, Penn National, Pennsylvania, Rush Street Gaming, South Dakota, Sports betting, The Strip, Wynn Resorts | Comments Off

Internet gambling hits Jersey high; Hard Rock back to Vegas

Posted on May 14, 2020 by David McKee

April was the worst of months and best of months for New Jersey. Sports books are estimated to have lost out on $450 million in handle while Internet casinos did better than ever, raking in $80 million. “Seeing New Jersey’s retail … Continue reading →

Posted in Boyd Gaming, Charity, Dining, FanDuel, Hard Rock International, Health, International, Internet gambling, Japan, Las Vegas Sands, MGM Resorts International, Michigan, New Jersey, PokerStars, Sports betting, Station Casinos, Taxes, Tilman Fertitta, Wall Street | 1 Comment

New York state of mind; Moody blues for Las Vegas

Posted on May 13, 2020 by David McKee

Like Massachusetts casinos, those in New York are not expected to reopen until July. Lago Resort & Casino General Manager Lance Young told journalist James Rutherford he’s monitoring reopening protocols as far away as Macao but has received no concrete … Continue reading →

Posted in Economy, Health, Horseracing, Internet gambling, Lotteries, Maryland, MGM Resorts International, Michael Gaughan, Nevada, New York, Oklahoma, Penn National, Regulation, Rush Street Gaming, Sports, Sports betting, Taxes, Tribal, Wall Street | Comments Off

Boston buoys Wynn, Penn leans on Barstool

Posted on May 11, 2020 by David McKee

Wynn Resorts was one of three biggies to report 1Q20 results late last week and the Las Vegas Strip was the least of its problems. Wynn Las Vegas and Encore had net revenue of $324 million, down 19% from last … Continue reading →

Posted in Atlantic City, Caesars Entertainment, CityCenter, DraftKings, Economy, FanDuel, Florida, Golden Gaming, history, Illinois, Indiana, Internet gambling, Las Vegas Sands, Macau, Maine, Marketing, Maryland, Massachusetts, MGM Resorts International, Penn National, Pennsylvania, Slot routes, Sports, Sports betting, Taxes, The Strip, Tourism, Wall Street, Wynn Resorts | 3 Comments

Everybody out of the pool!; Lean times in Indian Country

Posted on May 5, 2020 by David McKee

We were overly optimistic on when Nevada casinos can reopen. Gov. Steve Sisolak (D) has postponed that move until phase three or four of his four-step plan … which is also contingent on a two-week decline in new Coronavirus cases. … Continue reading →

Posted in Economy, Entertainment, Galaxy Entertainment, Hard Rock International, Health, International, Internet gambling, Macau, MGM Resorts International, Michigan, Mohegan Sun, Nevada, New Jersey, Regulation, Tribal, World Series of Poker, Wynn Resorts | Comments Off

Churchill Downs curbs plans; Murren’s big payday

Posted on May 4, 2020 by David McKee

In its 1Q20 earnings call Churchill Downs announced some significant retrenchments. Although the company is comfortably liquid ($701 million in the kitty) it’s put four expansions on hold: Rivers Casino Des Plaines, an enlargement of Miami Valley Gaming, a $300 … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, Churchill Downs, Economy, Health, Horseracing, Illinois, Internet gambling, Jim Murren, Las Vegas Sands, Massachusetts, MGM Resorts International, Regulation, Sheldon Adelson, Station Casinos, Wall Street, Wynn Resorts | 1 Comment