Category Archives: Internet gambling

Atlantic City plays catch-up; Pennsylvania, Michigan flex online muscles

Posted on July 19, 2021 by David McKee

Casinos in Atlantic City are having trouble catching a wave from the Great Reopening. Last month’s brick-and-mortar revenues were $214.5 million, 9% down from 2019. Slot win ($154 million) was 8% lower on 11% less coin-in and luck wasn’t with … Continue reading →

Posted in Atlantic City, Bally, Barstool Sports, BetMGM, Caesars Entertainment, Cordish Co., Culinary Union, Derek Stevens, Dining, DraftKings, Economy, FanDuel, FoxBet, Golden Nugget, Greenwood Racing, Hard Rock International, Health, Internet gambling, Japan, Las Vegas Sands, Massachusetts, MGM Resorts International, Michigan, Mohegan Sun, New Jersey, Ocean Resort, Penn National, Pennsylvania, Rush Street Gaming, Sports, Sports betting, Station Casinos, Taxes, The Strip, Wall Street, Westgate LV, William Hill, Wynn Resorts | 2 Comments

Massachusetts stumbles, Louisiana cruises; Big blunder at Circa

Posted on July 16, 2021 by David McKee

Shazam! Massachusetts casino revenues for June were $84 million, 67% higher than 2019. But wait … as Deutsche Bank analyst Carlo Santarelli points out, Encore Boston Harbor wasn’t operational two years ago (it debuted on June 23, 2019), so on … Continue reading →

Posted in Atlantic City, Australia, Boyd Gaming, Caesars Entertainment, California, Century Casinos, Churchill Downs, CQ Holdings, Derek Stevens, DFS, DraftKings, Economy, Golden Gaming, Health, Internet gambling, Laughlin, Louisiana, Massachusetts, MGM Resorts International, Missouri, Nevada, Penn National, Pennsylvania, Sports, Sports betting, TV, Westgate LV, Wynn Resorts | 1 Comment

Indiana, Missouri stay strong; Mixed feelings about buffets

Posted on July 14, 2021 by David McKee

Casino winnings in Indiana came up just a few increments short of $200 million last month, a 13% gain on 2019. Hard Rock Gary came out of the blocks fast, grossing $26 million, although Horseshoe Hammond climbed 7% to retain … Continue reading →

Posted in AGA, Bally, Boyd Gaming, Caesars Entertainment, Churchill Downs, Dining, DraftKings, Entertainment, FanDuel, Full House Resorts, Health, Indiana, Internet gambling, Louisiana, Michael Gaughan, Missouri, New Jersey, Penn National, Pennsylvania, Philippines, PointsBet, Politics, Rush Street Gaming, Sports, Sports betting, William Hill, Wynn Resorts | 1 Comment

Nevada conventions healthy, Nevadans not so much

Posted on July 12, 2021 by David McKee

Tourism to Las Vegas in May was 12% higher than April and June should continue the climb, even if long-awaited World of Concrete was a flop (one-sixth of the expected attendance). Next up was the Nightclub & Bar Show, which … Continue reading →

Posted in China, Conventions, Dining, Donald Trump, Health, history, Internet gambling, Las Vegas Sands, Macau, MGM Resorts International, New York, Phil Ruffin, Politics, Reno, Seminole Tribe, Sports betting, Taxes, The Strip, Tourism, Tribal, Wisconsin, Wynn Resorts | 1 Comment

Maryland keeps booming; Penn panned

Posted on July 7, 2021 by David McKee

Gaming’s recovery continues unabated in the Free State. Maryland gambling revenues for June were $161.5 million, a 13% gain on 2019. $64 million of that went to MGM National Harbor, up 12% and hoarding 39.5% market share. Maryland Live chugged … Continue reading →

Posted in Barstool Sports, Caesars Entertainment, Churchill Downs, Cordish Co., Cretins, DFS, FanDuel, Golden Gaming, Health, Internet gambling, Maryland, MGM Resorts International, Mohegan Sun, Nevada, Penn National, Pennsylvania, Sports betting, Wall Street, West Virginia | 3 Comments

Merry month of May in Las Vegas; Beehive of activity in Atlantic City

Posted on June 30, 2021 by David McKee

May’s gaming revenues from Nevada are in and they are blockbuster. When the Strip is 26% higher than 2019 (winning $655.5 million) and locals play is 25% stronger it is fair to say the recovery has been achieved—and far sooner … Continue reading →

Posted in Atlantic City, Boulder Strip, Caesars Entertainment, Carl Icahn, Connecticut, Cretins, Diversity, Downtown, Economy, Health, history, Internet gambling, Lake Tahoe, Laughlin, Marijuana, Mesquite, Michael Gaughan, Mohegan Sun, Nevada, North Las Vegas, Reno, Sports betting, The Strip, Wendover | 4 Comments

Indiana, Missouri keep rebounding; Casino boom benefits all

Posted on June 15, 2021 by David McKee

Scratch two casino riverboats in Indiana. The Majestic Star-branded flotilla went out of business—and Hard Rock Gary came in, quite auspiciously. Total Hoosier State gaming revenue for last month grew 18% over 2019 to $185.5 million. Hard Rock Gary opened … Continue reading →

Posted in Atlantic City, Bally, Barstool Sports, BetMGM, Boyd Gaming, Caesars Entertainment, Century Casinos, Connecticut, Detroit, Donald Trump, DraftKings, Economy, Entertainment, FanDuel, Full House Resorts, Hard Rock International, Indiana, Internet gambling, Law enforcement, Macau, MGM Resorts International, Michigan, Mississippi, Missouri, Peninsula Pacific, Penn National, Pennsylvania, PointsBet, Rush Street Gaming, Spectacle Entertainment, Sports, Sports betting, Taxes, The Strip, Tilman Fertitta, Tribal, Virginia, Wisconsin | 2 Comments

Steve Wynn, international man of mystery

Posted on May 28, 2021 by David McKee

“Foreign agent.” That’s who Steve Wynn is, according to the Justice Department, which is prepared to sue the disgraced casino mogul if he doesn’t register as an aegis of Red China‘s government. Seems that Steve was carrying water for the … Continue reading →

Posted in Atlantic City, Caesars Entertainment, California, Canada, Card rooms, Century Casinos, China, Cretins, Detroit, Donald Trump, Economy, Election, Health, Internet gambling, Law enforcement, LVCVA, MGM Resorts International, Missouri, North Carolina, Ocean Resort, Phil Ruffin, PointsBet, Politics, Sheldon Adelson, Sports, Sports betting, Steve Wynn, The Strip, Tourism, Transportation, Tribal, Wisconsin, Wynn Resorts | 4 Comments

Strip returns to form; Caesars nixes buffets, free play

Posted on May 27, 2021 by David McKee

Last month Nevada raced ahead of 2019 gambling-revenue benchmarks, up 11% to just over $1 billion. Locals-derived winnings ($245 million) jumped 18%, despite operating at 80% capacity. (Locals casinos saw 15% higher slot win 18% greater handle and 35.5% more … Continue reading →

Posted in Australia, Boulder Strip, Caesars Entertainment, Connecticut, Crown Resorts, DFS, Dining, Donald Trump, Downtown, Economy, Election, Foxwoods, G2E, Health, Internet gambling, Lake Tahoe, Laughlin, Lawrence Ho, Macau, Maryland, Massachusetts, Melco Resorts & Entertainment, Mesquite, Mississippi, Mohegan Sun, Nevada, North Las Vegas, Regulation, Reno, Sports betting, Stanley Ho, Station Casinos, Taxes, The Strip, Tilman Fertitta, Wendover | 1 Comment

Caesars, MGM lead Vegas recovery; Florida compact dicey

Posted on May 25, 2021 by David McKee

Let’s start with some good news. JP Morgan analyst Joseph Greff laid out a series of benchmarks for a Las Vegas comeback across the second half of 2021 (one year earlier than anticipated). “We think these data points are indicative … Continue reading →

Posted in Arizona, Barstool Sports, Boyd Gaming, Caesars Entertainment, Conventions, Dining, Economy, Florida, Hard Rock International, Health, Illinois, Indiana, Internet gambling, Las Vegas Sands, LVCVA, Marketing, MGM Resorts International, Penn National, Pennsylvania, Politics, Regulation, Seminole Tribe, Slot routes, Sports, Sports betting, Station Casinos, Transportation, Tribal, Wall Street | 1 Comment

Casinos collapse in Texas, advance elsewhere

Posted on May 21, 2021 by David McKee

All Sheldon Adelson‘s horses and all Sheldon Adelson’s men couldn’t put Texas megaresorts together. Or, as they said in Brooklyn (in a non-gaming context), wait ’til next year. Two separate bills to authorize everything from full-service casinos to poker rooms … Continue reading →

Posted in Atlantic City, Bally, Caesars Entertainment, Cordish Co., Dining, Donald Trump, Florida, Hard Rock International, Health, Internet gambling, Las Vegas Sands, Louisiana, MGM Resorts International, New Jersey, Politics, Regulation, Seminole Tribe, Sheldon Adelson, Sports betting, Taxes, Texas, The Strip, Tilman Fertitta, Tribal, Virginia | 1 Comment

Louisiana advances, Pennsylvania recedes

Posted on May 19, 2021 by David McKee

Casino revenues in Louisiana enjoyed a big bounce last month, up 18% to $236 million, a substantial increase over 2019 levels. Mind you, that number was achieved without two casinos that were operational in 2019, Diamond Jacks and Isle Grand … Continue reading →

Posted in Atlantic City, Barstool Sports, Baseball, BetMGM, Boyd Gaming, Caesars Entertainment, California, Churchill Downs, Cordish Co., CQ Holdings, Detroit, Dining, Donald Trump, DraftKings, Eldorado Resorts, Entertainment, FanDuel, Golden Nugget, Greenwood Racing, Hard Rock International, Internet gambling, Louisiana, MGM Resorts International, Mohegan Sun, New York, North Carolina, Penn National, Pennsylvania, Rush Street Gaming, Sports, Sports betting, Tribal, Wall Street | 1 Comment

Massachusetts strong; Casino boycott announced

Posted on May 18, 2021 by David McKee

Massachusetts almost reached 2019 levels, coming up 4% shy with an April gross of $84.5 million. The commonwealth’s three casinos did this despite having to operate at 40% of capacity (all capacity limits will be lifted May 29). Plainridge Park … Continue reading →

Posted in Donald Trump, Florida, Health, IGT, International, Internet gambling, Massachusetts, MGM Resorts International, Missouri, Penn National, Politics, Seminole Tribe, Sports betting, Tamares Group, Taxes, Tribal, Virginia, Wall Street, Wynn Resorts | 1 Comment

Hard Rock, Ocean drub Borgata; Caesars massacres shows

Posted on May 17, 2021 by David McKee

Casinos in Atlantic City grossed $189.5 million last month, 9% behind their 2019 pace. Slots were off 5% and tables 17%. Regular top-grosser Borgata had a terrible month, falling 28%, spurring by lackluster table-game winnings (-34%), with slots tumbling 25%. … Continue reading →

Posted in Atlantic City, Bally, BetMGM, Boyd Gaming, Caesars Entertainment, Conventions, DraftKings, Economy, Entertainment, FanDuel, FoxBet, Full House Resorts, Golden Nugget, Hard Rock International, Health, Indiana, Internet gambling, Lake Tahoe, MGM Resorts International, Mohegan Sun, New Jersey, Penn National, PointsBet, Rush Street Gaming, Silverton, Spectacle Entertainment, Sports, Sports betting, The Rio, The Strip, Wayne F. Newton, William Hill, Wynn Resorts | 3 Comments

Station: No more buffets, less free play; Covid? What Covid?

Posted on May 14, 2021 by David McKee

Said JP Morgan analyst Joseph Greff “not to worry, money losing buffets are not coming back” to Station Casinos. We can take this as gospel, since he got it from CEO Frank Fertitta III, Vice Chairman Lorenzo Fertitta and CFO … Continue reading →

Posted in Atlantic City, Australia, Barstool Sports, BetMGM, Boyd Gaming, California, Colorado, Crown Resorts, Dining, DraftKings, Drugs, Economy, Entertainment, FanDuel, Health, Internet gambling, Kentucky, Lotteries, Marketing, MGM Resorts International, Michigan, New York, Ohio, Palms, Penn National, Real Estate, Regulation, Reno, Silverton, Sports betting, Station Casinos, Taxes, Tribal | 3 Comments

MGM dumps Springfield; Gaming recovery a proven fact

Posted on May 12, 2021 by David McKee

MGM Resorts International isn’t quitting Springfield but it’s taking a bath on its eponymous casino in order to reduce its exposure to the (disappointing) market. MGM spent $960 million on the resort, which has never performed up to expectations, and … Continue reading →

Posted in AGA, Atlantic City, BetMGM, Caesars Entertainment, Cordish Co., Dining, DraftKings, Economy, Entertainment, FanDuel, Golden Gaming, Hard Rock International, Health, Internet gambling, Massachusetts, MGM Resorts International, Ocean Resort, Pennsylvania, Real Estate, Regulation, Resort fees, South Dakota, Sports, Sports betting, Tennessee, The Strip, Wall Street, Wynn Resorts | 1 Comment

Wynn gaining steam; Miami Beach casino juice job dismissed

Posted on May 11, 2021 by David McKee

First-quarter results for Wynn Resorts were worse than expected in Macao but better than anticipated in both Las Vegas and Boston, while the company posted a revenue chasm around Wynn Interactive. To shore up the latter, Wynn is merging it … Continue reading →

Posted in Bally, BetMGM, Boyd Gaming, Caesars Entertainment, Century Casinos, Conventions, Donald Trump, DraftKings, FanDuel, Florida, Hard Rock International, Horseracing, Illinois, Internet gambling, Macau, Marketing, Massachusetts, Missouri, Nevada, New York, Ohio, Penn National, Pennsylvania, Politics, Regulation, Seminole Tribe, Sociedade de Jogos de Macau, Sports betting, The Strip, Tourism, Tribal, TV, Virginia, Wall Street, Wynn Resorts | Comments Off on Wynn gaining steam; Miami Beach casino juice job dismissed

DraftKings’ mixed results; Penn waxes, Iowa wanes

Posted on May 7, 2021 by David McKee

DraftKings exceeded analysts’ expectations with its 1Q21 revenues, leading Credit Suisse‘s Ben Chaiken to boost his 2021 revenue projection by $100 million, to $1.1 billion, in part “reflecting strength in new states such as Michigan.” Wall Street anticipated $239 million … Continue reading →

Posted in AGA, Arizona, Barstool Sports, Baseball, BetMGM, Boyd Gaming, Caesars Entertainment, California, Derek Stevens, Diversity, DraftKings, FanDuel, Golden Gaming, Illinois, Internet gambling, Iowa, Marketing, Maryland, Michigan, Nevada, New York, Penn National, Pennsylvania, Slot routes, Sports, Sports betting, Tribal, Virginia, Wall Street, William Hill, Wynn Resorts, Wyoming | 1 Comment

Recovery has legs; Resorts World LV impresses

Posted on May 6, 2021 by David McKee

Maryland didn’t just do well in April, it posted its third-best month ever. Gaming win grew 11.5% from 2019, to $162 million. That’s with 50% capacity constraints at MGM National Harbor and Horseshoe Baltimore (all other casinos are operating at … Continue reading →

Posted in Barstool Sports, Caesars Entertainment, Churchill Downs, Conventions, Cordish Co., Cosmopolitan, Dining, Entertainment, Genting, Golden Gaming, Health, Illinois, Internet gambling, Maryland, MGM Resorts International, Michigan, New Mexico, Penn National, Pennsylvania, Regulation, Resorts World LV, Sports betting, Wall Street, West Virginia, World Series of Poker | 1 Comment

Hail Caesars; Durango Station green-lit

Posted on May 5, 2021 by David McKee

“Solid … very encouraging … impressive momentum.” Those were some of the things JP Morgan analyst Joseph Greff had to say about Caesars Entertainment‘s 1Q21 numbers. Cash flow of $548 million well exceed Greff’s expected $429 million, to say nothing … Continue reading →

Posted in Atlantic City, Boulder Strip, Caesars Entertainment, Card rooms, Conventions, Cosmopolitan, Derek Stevens, Entertainment, Florida, Health, Indiana, International, Internet gambling, Las Vegas Sands, Louisiana, Michael Gaughan, New York, Politics, Reno, Seminole Tribe, Sports betting, Station Casinos, The Strip, Tourism, Wall Street, William Hill, Wynn Resorts | Comments Off on Hail Caesars; Durango Station green-lit