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Category Archives: Internet gambling
Maryland good, Illinois becalmed, MGM furious
Maryland‘s casino industry showed continued health last month, up 5.5%. MGM National Harbor had 40.5% of market share while Maryland Live corralled 34.5% of trade. MGM grossed $62.5 million, with low-tax table games up 10% as opposed to only 4% … Continue reading
Posted in Boyd Gaming, Caesars Entertainment, Connecticut, Cordish Co., Eldorado Resorts, GLPI, Golden Gaming, Hard Rock International, Illinois, International, Internet gambling, Las Vegas Raiders, Las Vegas Sands, Law enforcement, Lotteries, Macau, Maryland, Mohegan Sun, Penn National, Pennsylvania, Regulation, Rush Street Gaming, Slot routes, South Dakota, Sports, Wall Street, West Virginia
1 Comment
Terrorism at Trump; Police blotter
Trump International finally made it back into the news, although not in a good way. WSOP player Kenneth Strauss was arrested there on July 27 after allegedly tweeting terroristic threats, among other malfeasances. Strauss’ reign of error began at Red … Continue reading
Tilman’s lucky break; Del Lago sold
Atlantic City‘s Golden Nugget has been on the outside of NBA betting, looking in. But that may change if Gov. Phil Murphy (D) signs what might be called the ‘Tilman Fertitta Act.’ It would allow the Nugget to take bets … Continue reading
Posted in Atlantic City, Economy, Internet gambling, New Jersey, New York, Philippines, Politics, Sports betting, Tilman Fertitta
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Case Bets
Despite the tepid attitude of Tokyo leadership, Las Vegas Sands has settled on it and Yokohama as its destinations of preference in Japan. Which leaves Osaka out in the cold (although it is not lacking for suitors). Sands lost no time … Continue reading
Resort fees likely to worsen; Fertitta preaches caution
All hail Terry Caudill. His Four Queens is one of the very few hotel-casinos in Las Vegas to eschew resort fees. At least that’s what the Reno Gazette-Journal tells us. The RGJ took a deep dive into the resort-fee issue … Continue reading
Posted in Atlantic City, Boyd Gaming, Caesars Entertainment, Downtown, Economy, Eldorado Resorts, Full House Resorts, Indiana, International, Internet gambling, Laughlin, Law enforcement, MGM Resorts International, Penn National, Resort fees, Sports, Sports betting, Terry Caudill, Tilman Fertitta, Wall Street
2 Comments
Sheldon’s Sphere inflating; Nevada not keeping up with the times
Madison Square Garden is confronting a major cost overrun on its spherical event center near Venelazzo, meant to—among other things—aggrandize the ego of Sheldon Adelson. Shares of MSG were sent staggering by the revelation that the $1.2 billion cost had … Continue reading
Posted in International, Internet gambling, Massachusetts, MGM Resorts International, Nevada, New Jersey, Philippines, Regulation, Sexual misconduct, Sheldon Adelson, Sports betting, The Strip, Wynn Resorts
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What if they built a megaresort and nobody came?
Resorts World Catskills made it into the New York Times and not in a good way. A feature story focused on the $1.2 billion megaresort’s financial difficulties, caused in part by nine-figure loans. Empire Resorts says the casino does not … Continue reading
Encore vanquishing competition; Newcomers dominate Atlantic City
Encore Boston Harbor, the best-smelling casino on the East Coast, had a crushing month, its first full one of operation. Its $48.5 million in revenue accounted for 60% of all Massachusetts gaming revenues. That breaks down as almost $1.6 million/day … Continue reading
Posted in Atlantic City, Boyd Gaming, Caesars Entertainment, Churchill Downs, Connecticut, Detroit, Eldorado Resorts, Entertainment, Foxwoods, Greenwood Racing, Hard Rock International, Internet gambling, Marketing, Maryland, Massachusetts, MGM Resorts International, Mohegan Sun, Ocean Resort, Penn National, Pennsylvania, Rhode Island, Rush Street Gaming, Sports, Sports betting, Tilman Fertitta, Tribal, Wynn Resorts
2 Comments
Rowdy night in Boston; Stitt’s standoff
All hell broke loose at Encore Boston Harbor in the wee hours of Monday morning. The first brawl broke out as nightclub patrons were leaving Mémoire. It was so bad that police had to call in backup. According to the … Continue reading
Maryland just fine; Next stop, Hartford?
Gaming revenues were up 2% last month in Maryland, good for $149 million. $61 million of that was won by MGM National Harbor (+4%). Market share was dominated by MGM (41%) and Maryland Live (33%). The Cordish Gaming property grossed $49 … Continue reading
Posted in Australia, Caesars Entertainment, Churchill Downs, Connecticut, Cordish Co., Cretins, Crown Resorts, e-sports, Foxwoods, International, Internet gambling, Macau, Maryland, MGM Resorts International, Mohegan Sun, Penn National, Politics, Problem gambling, Sports betting, Wall Street, West Virginia
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MGM stymied Down East; Trade war dings Macao
Hopes for MGM Resorts International in Connecticut may be fading now that lawmakers are proposing a tribally owned casino in Bridgeport, part of an omnibus gaming expansion. The bipartisan Connecticut Jobs & Revenue Act would authorize a casino in Bridgeport owned by … Continue reading
Posted in Boyd Gaming, Caesars Entertainment, Connecticut, Downtown, Foxwoods, Golden Gaming, International, Internet gambling, Lotteries, Macau, Marketing, Massachusetts, MGM Resorts International, Mohegan Sun, Money laundering, Politics, Problem gambling, Regulation, Sports betting, Tamares Group, Tilman Fertitta
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Sands: Waiting for Japan; I-gaming raids hit Singapore, Vietnam
It’s difficult to imagine investors being impatient with Las Vegas Sands but The Motley Fool‘s Travis Hoium suggests that they are. “Unless a new market like Japan hits, that cash flow machine is all Las Vegas Sands has to offer,” … Continue reading
Posted in Horseracing, Internet gambling, Japan, Las Vegas Sands, Law enforcement, Macau, Maine, Massachusetts, North Carolina, Penn National, Pennsylvania, Pets, Singapore, Sports betting, Vietnam, Wall Street
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Quote of the Day
“The casino industry is growing like a shark nowadays. The whole gambling business is being shifted online to cop up with the latest technology, cover a large number of people and to suffice the demand the players. Online casino and … Continue reading
Posted in Internet gambling
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Lackluster in Louisiana; OK tribes stiff-arm Stitt
Whatever people in Louisiana were doing last month, gambling wasn’t it. Casino receipts were down 9% and you can’t blame it on the smoking ban in Baton Rouge (-13%), not when Lake Charles—the best market in the state—was nearly 10% … Continue reading
Posted in Boyd Gaming, Caesars Entertainment, Churchill Downs, Eldorado Resorts, GLPI, Greenwood Racing, Internet gambling, Louisiana, North Carolina, Oklahoma, Penn National, Pennsylvania, Rush Street Gaming, Sports betting, Tilman Fertitta, Tribal
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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
Sports wagering, ‘Net bets power New Jersey; Slow month in Pennsylvania
Despite being 7% down on a same-store basis, Atlantic City casino revenues grew 14% last month. The $236 million gross represents a 3.5% downturn in slot winnings (down 8.5% same-store) but a 26% jump at the tables (down 3.5% same-store). … Continue reading
Posted in Atlantic City, Boyd Gaming, Caesars Entertainment, Eldorado Resorts, Greenwood Racing, Hard Rock International, Internet gambling, MGM Resorts International, Mohegan Sun, Movies, Ocean Resort, Penn National, Pennsylvania, Rush Street Gaming, Sports, Sports betting, The Strip, Tilman Fertitta, Tribal
1 Comment
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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Caesars is dead, long live Caesars
After much flirtation, Eldorado Resorts has consummated its courtship of Caesars Entertainment. In a deal that values the latter at $18 billion (or $12.75/share), Eldorado will buy Caesars for $8.6 billion in cash, plus the assumption of debt. Two previous … Continue reading
Don’t bet against Sheldon; Encore Boston says ‘Take the T’
Don’t ever accuse Las Vegas Sands of not thinking big. It’s going to the banks for a $5.9 billion loan, primarily for expansion of Marina Bay Sands. That shouldn’t be much of a risk for financiers because nobody makes good … Continue reading
Posted in Boyd Gaming, Caesars Entertainment, Genting, Greenwood Racing, history, Internet gambling, Las Vegas Sands, Massachusetts, Penn National, Pennsylvania, Rush Street Gaming, Sheldon Adelson, Singapore, South Korea, Sports betting, Technology, Transportation, Wynn Resorts
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Eldorado’s clearance sale; Atlantic City takes the lead
Eldorado Resorts may be getting closer to a Caesars Entertainment acquisition (accounts differ) but it’s already clearing the decks for a big expenditure. It just offloaded three casinos to—irony alert—Caesars’ Vici Properties for $385 million. The trio is Mountaineer Casino … Continue reading