Category Archives: Isle of Capri

New player in Moulin Rouge saga; Jersey casino backers try to save face

Posted on October 14, 2016 by David McKee

There’s another entrant in the perpetual sweepstakes to redevelop the Moulin Rouge site. This time it’s British firm Psi Key Entertainment. It is proposing a 1,288-room hotel for the acreage. However, Psi Key’s redevelopment plans have to be taken with … Continue reading →

Posted in Atlantic City, Boyd Gaming, Dining, Downtown, Eldorado Resorts, Election, Hooters, Iowa, Isle of Capri, Marketing, Missouri, Moulin Rouge, Palms, Politics, Station Casinos, The Strip, Westgate LV | 1 Comment

Hollywood Jamul opens; Hutchinson opposes Arkansas casinos

Posted on October 13, 2016 by David McKee

While the eyes of the industry were focused on the closing of Trump Taj Mahal, there was another long-awaited event on Monday: the opening of Hollywood Casino Jamul, near San Diego. Combine in-progress road construction with a new casino and … Continue reading →

Posted in Arkansas, Atlantic City, California, Cannery Casino Resorts, Dining, Election, GLPI, Harrah's, Horseracing, Isle of Capri, New York, Oklahoma, Penn National, Pennsylvania, Pinnacle Entertainment, Politics, Racinos, Taxes, Technology, The Strip, Transportation, Tribal | 1 Comment

Indiana does well, Missouri does better

Posted on October 11, 2016 by David McKee

Foot traffic at Indiana casinos was down last month but players wagered more freely, 4.5% up from last year, leading to an almost 2% increase in casino revenues. Penn National Gaming was right in line with overall state performance and … Continue reading →

Posted in Boyd Gaming, Entertainment, Full House Resorts, Golden Gaming, Harrah's, Indiana, Isle of Capri, Majestic Star, Missouri, Penn National, Pinnacle Entertainment, Racinos, The Strip, Tropicana Entertainment | Comments Off

Florida grilled over blackjack games; Caesars’ lucky streak continues

Posted on October 7, 2016 by David McKee

Things are looking grim for Florida Gov. Rick Scott‘s case against the Seminole Tribe. An attorney for the state was described as getting “shellacked” by U.S. District Judge Robert Hinkle. The latter zeroed in on the state’s “designated player games” … Continue reading →

Posted in Florida, Galaxy Entertainment, Harrah's, IGT, International, Internet gambling, Isle of Capri, Massachusetts, Philippines, Problem gambling, Racinos, Regulation, Seminole Tribe, Stanley Ho, Technology, Tribal, Wall Street | Comments Off

Eldorado captures Isle; Adelson thwarted; Perlman dies

Posted on September 19, 2016 by David McKee

Scratch one more casino company from the checkerboard. This morning it was announced that Eldorado Resorts was buying Isle of Capri Casinos (long mooted as a takeover target. Eldorado will pay $1.7 billion for Isle — or $23 a share … Continue reading →

Posted in Alabama, Atlantic City, Eldorado Resorts, Florida, Foxwoods, Geoff Freeman, Harrah's, history, Internet gambling, Isle of Capri, Louisiana, Massachusetts, MGM Mirage, Missouri, Mohegan Sun, Nevada, Ohio, Oklahoma, Pennsylvania, Politics, Reno, Sheldon Adelson, Taxes, The Mob, The Strip, Tribal, Vietnam, Wall Street | Comments Off

Analysts not sold yet on Macao recovery; Soggy month for Louisiana

Posted on September 16, 2016 by David McKee

They came, they saw, they were unconvinced. “The re-affirmation that mass is improving was pronounced,” reported Deutsche Bank analyst Carlo Santarelli, adding that projections were all over the place. “We get the sense that expectations remain low with respect to … Continue reading →

Posted in Australia, Boyd Gaming, Churchill Downs, Economy, Eldorado Resorts, Galaxy Entertainment, GLPI, Harrah's, Isle of Capri, Louisiana, Macau, Massachusetts, Melco Crown Entertainment, MGM Mirage, Penn National, Pinnacle Entertainment, Racinos, Sheldon Adelson, South Korea, Steve Wynn, Tilman Fertitta, Tropicana Entertainment, Wall Street | Comments Off

Caesars crashes, burns in Louisiana; DFS takes two steps forward, one back

Posted on August 25, 2016 by David McKee

Despite having an extra weekend day, Louisiana casinos saw revenue fall 7% in July. (JP Morgan analyst Joseph Greff blames flooding for the waterlogged numbers.) Pinnacle Entertainment did the best among major operators, up 4%, while Caesars Entertainment went into the … Continue reading →

Posted in Atlantic City, Boyd Gaming, Churchill Downs, Eldorado Resorts, GLPI, Harrah's, Internet gambling, Isle of Capri, Louisiana, Maine, Massachusetts, New York, Pennsylvania, Pinnacle Entertainment, Problem gambling, Sports, Taxes, Technology, The Strip, Tilman Fertitta, Tropicana Entertainment | Comments Off

MGM goes on the attack; Wynn’s new “masterpiece;” Isle out of Louisiana

Posted on August 23, 2016 by David McKee

This story pretty much writes itself. While MGM Resorts International cowboys up and makes it clear who’s sponsoring the ad — not hiding behind some phony-baloney PAC name like “Citizens for a Stronger Connecticut” — but the commercial is a … Continue reading →

Posted in Alabama, Atlantic City, Boyd Gaming, Carl Icahn, Foxwoods, Harrah's, Internet gambling, Isle of Capri, Louisiana, Macau, MGM Mirage, Mohegan Sun, Politics, Racinos, Steve Wynn, Tropicana Entertainment, Wall Street | 1 Comment

Wynn: Overextended in Macao?

Posted on August 18, 2016 by David McKee

Daiwa Securities Group put “sell” ratings on Wynn Macau Ltd. and Sands China, arguing that projections that the Wynn Palace and Parisian megaresorts would reverse declines in Macao gambling “remain overly optimistic.” Analysts Adrian Chan and Jamie Soo wrote that … Continue reading →

Posted in Architecture, Dining, Galaxy Entertainment, International, Isle of Capri, Macau, Melco Crown Entertainment, MGM Mirage, Neil Bluhm, New York, Sheldon Adelson, Stanley Ho, Steve Wynn, Technology, The Strip, Tourism, Wall Street | Comments Off

MGM’s China gambit; Mixed quarter for Station

Posted on August 17, 2016 by David McKee

MGM Resorts International and Pansy Ho are performing a fancy juggling act with MGM stock. The former is going to buy an additional 188 million shares in MGM China, increasing its hold on the property to 56%. In return, Ms. … Continue reading →

Posted in California, Culinary Union, Economy, Election, Isle of Capri, Macau, MGM Mirage, Missouri, Nevada, Palms, Pansy Ho, Penn National, Reno, Station Casinos, Steve Wynn, Tribal, Wall Street | 2 Comments

Missouri is doing just fine, thanks; Cautious hope for Moulin Rouge

Posted on August 10, 2016 by David McKee

Pinnacle Entertainment did a masterful job of managing expectations in its quarterly earnings call, citing disruptive road work around Ameristar St. Charles as a potential setback from the property. Today, Missouri released its July gaming results and — surprise — … Continue reading →

Posted in Ameristar, Downtown, Environment, G2E, Golden Gaming, Harrah's, Isle of Capri, Macau, Marketing, Melco Crown Entertainment, MGM Mirage, Missouri, Moulin Rouge, Penn National, Pinnacle Entertainment, Sports, Steve Wynn, Tropicana Entertainment | Comments Off

New casinos propel Iowa; Cal Neva goes bankrupt

Posted on August 8, 2016 by David McKee

We don’t report Iowa casino results very much, partly because the market overwhelmingly consists of small casinos with grosses to match. Given their modest grosses, a minor fluctuation can be magnified. Even so, last month’s 5% bounce is worth discussing. … Continue reading →

Posted in Ameristar, Boyd Gaming, Dan Gilbert, Eldorado Resorts, Election, Harrah's, Iowa, Isle of Capri, Lake Tahoe, Massachusetts, Ohio, Penn National, Pinnacle Entertainment, Reno, Scientific Games, Wall Street, Warner Gaming | Comments Off

Mashpee casino blocked; Wynn: Doing more with less

Posted on August 1, 2016 by David McKee

Carcieri v. Salazar and the Indian Reorganization Act have come back to bite the Mashpee Wampanoag tribe in the hindquarters. U.S. District Judge William G. Young has ruled against a Taunton casino project, siding with the contention of a group … Continue reading →

Posted in Boyd Gaming, Charity, Eldorado Resorts, Foxwoods, Genting, Harrah's, history, International, Internet gambling, Isle of Capri, Macau, Massachusetts, MGM Mirage, Mississippi, Neil Bluhm, Pennsylvania, Regulation, Steve Wynn, Taxes, Tilman Fertitta, Tribal | Comments Off

Pinnacle dominates Louisiana; Trump settles Vegas case

Posted on July 22, 2016 by David McKee

Pulled under by the Shreveport/Bossier City market (-6%), June gaming numbers in Louisiana came in 3% off last year’s. Pinnacle Entertainment‘s Boomtown Bossier ($5 million) far outperformed the competition, up 11%. Hardest hit were the Caesars Entertainment properties, with usually reliable … Continue reading →

Posted in Atlantic City, Boyd Gaming, Carl Icahn, Churchill Downs, Culinary Union, Donald Trump, GLPI, Harrah's, Isle of Capri, Louisiana, Palms, Penn National, Pinnacle Entertainment, Racinos, Slot routes, Station Casinos, Tilman Fertitta, Tropicana Entertainment, Unite-Here | Comments Off

NHL makes it official; Isle opens new casino

Posted on June 23, 2016 by David McKee

Fortunately, it looks like we won’t have to worry about our NHL-franchise-to-be playing under a cliched name like “Las Vegas Gamblers.” Says majority owner Bill Foley, speaking of the league, “They’d prefer we don’t go in that direction.” Also, Foley seems … Continue reading →

Posted in Donald Trump, Election, Entertainment, Iowa, Isle of Capri, Maryland, MGM Mirage, New York, Rhode Island, Sports, The Mob, The Strip, Westgate LV | Comments Off

Louisiana gets hammered; Three states legalize DFS

Posted on June 20, 2016 by David McKee

As we’ve noted before, May was hard on Midwest casino operators, nowhere more so than in Louisiana, where gambling revenue was down 13%. This marks seven months of same-store decline for the Pelican State, an exceptional slump, with the usually … Continue reading →

Posted in Boyd Gaming, California, Churchill Downs, Colorado, Economy, Eldorado Resorts, GLPI, Golden Gaming, Harrah's, Internet gambling, Isle of Capri, Louisiana, MGM Mirage, Missouri, Nevada, New York, Pinnacle Entertainment, Regulation, Sports, The Strip, Tilman Fertitta, Tribal, Tropicana Entertainment, Wall Street | 2 Comments

Penn has big plans for Trop; DFS sites feel the heat

Posted on June 14, 2016 by David McKee

High rollers aren’t spending as much as they used to at Penn National Gaming casinos, reports JP Morgan analyst Joseph Greff, after meeting with CEO Tim Wilmott. Overall, Penn says its springtime revenues have been tracking with its expectations. Greff … Continue reading →

Posted in Atlantic City, California, Colorado, Dining, Economy, Election, Florida, Internet gambling, Isle of Capri, Marketing, Massachusetts, MGM Mirage, Penn National, Stanley Ho, Technology, The Strip, Tribal, Wall Street | 2 Comments

Caesars’ slippery slope; Parx, Sands lead Pennsylvania

Posted on May 19, 2016 by David McKee

In 20 years of covering the gaming industry, I have rarely seen an example of looting a company so brazen as the “sale” of Total Rewards from Caesars Entertainment Operating Co. to parent Caesars Entertainment for $0.00. And since Big … Continue reading →

Posted in Boyd Gaming, Churchill Downs, Cordish Co., Dining, Eldorado Resorts, Entertainment, Greenwood Racing, Harrah's, Isle of Capri, Kansas, Louisiana, Mohegan Sun, Neil Bluhm, Oklahoma, Penn National, Pennsylvania, Pinnacle Entertainment, Planet Hollywood, Sheldon Adelson, Texas, Tribal | Comments Off

Poker Stars changes Atlantic City landscape; MGM budges (slightly) on parking fees

Posted on May 12, 2016 by David McKee

An extra month helped Atlantic City post a banner April, up 6%. Citywide, 5% higher slot handle produced a corresponding increase in revenue, while 4.5% table-game wagering translated into 10% more winnings for the house. Borgata ($56 million) was up … Continue reading →

Posted in Ameristar, Atlantic City, Boyd Gaming, CityCenter, Golden Gaming, Harrah's, International, Internet gambling, Iowa, Isle of Capri, MGM Mirage, Mohegan Sun, Pinnacle Entertainment, PokerStars, Racinos, Sports, The Strip, Tropicana Entertainment, Warner Gaming | Comments Off

Balmy spring for Ohio, Missouri; Pinnacle beats estimates

Posted on May 10, 2016 by David McKee

Ohio had a particularly good April, with gaming revenue up 9%. Coin-in rose 8% at the slots while table game revenue was up 5% despite 3% less wagering. Penn National Gaming, Caesars Entertainment and Pinnacle Entertainment all posted revenue-positive months, … Continue reading →

Posted in Ameristar, Dan Gilbert, Eldorado Resorts, Golden Gaming, Hard Rock International, Harrah's, Isle of Capri, Louisiana, Missouri, Ohio, Penn National, Pinnacle Entertainment, Tropicana Entertainment, Wall Street | Comments Off