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Category Archives: Japan
Penn a solid bet; New Year’s Eve in Vegas could be better
Penn National Gaming got a rave review from J.P. Morgan gaming analyst Joseph Greff, who wrote that ” we continue to believe PENN offers a favorable risk/reward with an attractive valuation.” Strong fundamentals in the regional-gaming sphere were cited, as … Continue reading
Case Bets
Las Vegas went into the crapper last weekend, with the opening of the Giant Poo Experience in Lyft Art Park. I’m not inventing this. The larger-than-life-size mock-excrement was sponsored by airspray Poo-Pourri. Explained the company, “For over a decade, Poo~Pourri has … Continue reading
Posted in Alabama, Downtown, Entertainment, Internet gambling, Japan, Lotteries, Marketing, Politics, Sheldon Adelson, Sports betting, Tribal, Wall Street
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Wynn writes $20M check; Japan wants your winnings
Settlement of a shareholder lawsuit against Wynn Resorts will be covered in large part by Steve Wynn himself, paying $20 million, with insurers chipping in $21 million. The suit accused the Wynn Resorts board of directors of complicity in Steve … Continue reading
Posted in China, Economy, Environment, Japan, Macau, Problem gambling, Sexual misconduct, Steve Wynn, Taxes, Wynn Resorts
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Dems court Culinary vote; Scandal in Austria
Democratic presidential candidates are hardly taking the Nevada caucuses for granted. Sen. Kamala Harris (D) has already been once to Las Vegas (in vain) as has Joe Biden. The latter probably endeared himself to Culinary Union members by having a contretemps with … Continue reading
Posted in Caesars Entertainment, California, Canada, China, Culinary Union, Derek Stevens, Election, Foxwoods, International, Japan, Law enforcement, Macau, Michigan, Movies, New York, Penn National, Politics, Singapore, Station Casinos, Steve Wynn, Tourism, Tribal
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‘Sharp’ criticism of Congress; MGM a popular stock pick
Newly elected National Congress of American Indians President Fawn Sharp wasted no time in opening a can of whup-ass on the U.S. Congress. Speaking to the House Committee on Natural Resources Subcommittee for Indigenous Peoples of the United States Oversight, Sharp … Continue reading
Posted in Caesars Entertainment, California, Culinary Union, Derek Stevens, Dining, Eldorado Resorts, Entertainment, Hard Rock International, Japan, Las Vegas Raiders, Las Vegas Sands, Law enforcement, MGM Resorts International, Mohegan Sun, Penn National, Politics, Sports, Sports betting, Station Casinos, The Strip, Transportation, Tribal, Wall Street, Washington State, Wynn Resorts
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Tax-and-spend fantasy in Illinois; Encore Boston nickels and dimes its patrons
It’s more important to have a money-losing casino (upon which absolutely nobody has bid) in Chicago than to lower the über-confiscatory 72% tax rate. So says state Sen. Dave Syverson (R), a real crank. As Syverson puts it, “The problem with … Continue reading
Posted in Caesars Entertainment, Galaxy Entertainment, Golden Gaming, Illinois, Japan, Macau, Massachusetts, MGM Resorts International, Resort fees, Sheldon Adelson, Taxes, Terry Caudill, Transportation, Wynn Resorts
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Scientific fluent in Chinese; William Hill seeks new horizons
It’s not just for China anymore. Scientific Games is reporting success with its Chinese-themed slots, including in North America. Yes, games with titles like Jin Ji Bao Xi, which doesn’t exactly roll off the tongue but is gaining traction with slot players worldwide. “If … Continue reading
Posted in Cantor Gaming, China, Economy, Environment, Florida, International, Internet gambling, Japan, Macau, MGM Resorts International, Movies, Nevada, North Carolina, Pennsylvania, Philippines, Regulation, Scientific Games, Sexual misconduct, Sports, Sports betting, Technology, The Strip, Tourism, Tribal, Virginia, William Hill
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Resorts World postponed (again); Drugs-for-points scandal settled
Guess what? Tortoise-powered Resorts World Las Vegas has been hit with another construction delay. (Shocking. Absolutely shocking.) It’s getting pushed back all the way into summer of 2021, a half-year delay. Sometimes one thinks it will be a miracle if … Continue reading
Desert Diamond sets debut; Paddock’s grim legacy
Controversial Desert Diamond Casino will finally open on Feb. 19, superseding a “big box” temporary casino on the same site. Pride and joy of the Tohono O’odham Nation, Desert Diamond was the bane of Gov. Doug Doucey‘s existence, as well as … Continue reading
Posted in Arizona, Canada, Dining, Florida, Internet gambling, Japan, Las Vegas Sands, Lotteries, Mandalay Bay Massacre, New York, Philippines, Problem gambling, Sports betting, Tamares Group, Taxes, The Strip, Tribal, Wall Street, Wynn Resorts
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Going for the gold in California; Vegas tops sin survey
It’s not quite as pre-apocalyptic as dogs and cats living together but California Native American tribes are joining with private-sector racetracks to push for sports betting in the Golden State, surely the ripest market in the U.S. The coalition wants … Continue reading
Ocean outperforms Atlantic City; Encore Boston crushes competition
Atlantic City casino revenues were $202 million last month, flat with the year previous. Slot revenues were up 3.5%, table win down 6%. Despite flat wagering at the tables and slots, Borgata gained 6% at the slots and ceded 7% … Continue reading
Posted in Atlantic City, Boyd Gaming, Caesars Entertainment, Economy, Eldorado Resorts, Environment, FanDuel, Greenwood Racing, Hard Rock International, Internet gambling, Japan, Macau, Massachusetts, MGM Resorts International, Mohegan Sun, Ocean Resort, Penn National, Pennsylvania, Regulation, Rush Street Gaming, Sports betting, Tilman Fertitta, Tribal, Wynn Resorts
3 Comments
Second thoughts on Japan; Seneca smackdown
Is it possible that Japan is too rich for the casino industry’s blood? Las Vegas Sands President Rob Goldstein recently pegged the cost of a Japanese megaresort at $12 billion, while Fitch Ratings thinks it will be closer to $15 … Continue reading
Posted in China, Galaxy Entertainment, Genting, International, Japan, Las Vegas Sands, Macau, MGM Resorts International, New York, Taxes, Transportation, Tribal, Wall Street
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Smoke gets in Boston’s eyes; Penn receives important award
Shuttles for Encore Boston Harbor are stirring up some local ire, due to the fumes they generate while idling at the Wellington MBTA Station curb. This has generated the threat of a lawsuit from the Conservation Law Foundation. It’s not just … Continue reading
Posted in Atlantic City, Churchill Downs, Cosmopolitan, Derek Stevens, Downtown, Encore, Entertainment, Illinois, Japan, Massachusetts, Movies, Penn National, Rush Street Gaming, Sheldon Adelson, Sports, Sports betting, Taxes, Technology, Terry Caudill, The Mob, Transportation, Wynn Resorts
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MGM retrenches; Election wrap-up
MGM Resorts International CFO Corey Sanders and Chief Strategy Officer Aaron Fischer met with J.P. Morgan analyst Joseph Greff, who came “away from these meetings incrementally positive on MGM’s asset monetization plans, ability to meet its 2020 targets, and a healthy … Continue reading
Posted in Australia, Caesars Entertainment, CityCenter, Colorado, Conventions, Dubai, Election, Full House Resorts, Indiana, Japan, Kentucky, Macau, MGM Resorts International, Regulation, Slot routes, Spectacle Entertainment, Sports, Sports betting, Vietnam, Virginia, Wall Street
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Air guitar; Forgiveness urged for Steve Wynn
The much-anticipated opening of Hard Rock International‘s guitar-shaped hotel-casino in Hollywood, Florida, drew celebrities from Hollywood, California (Johnny Depp), as well as ones who would attend the opening of an eyelid (Kim Kardashian). Hard Rock hopes to recreate the iconic … Continue reading
Posted in Architecture, Australia, Baseball, Boyd Gaming, Caesars Entertainment, Churchill Downs, Cosmopolitan, Florida, Genting, Hard Rock International, Hooters, Illinois, International, Japan, Massachusetts, MGM Resorts International, Mississippi, Nevada, New York, Politics, Regulation, Rush Street Gaming, Scott Butera, Sexual misconduct, Sports, Sports betting, Steve Wynn, Taxes, The Strip, Tribal, Wynn Resorts
1 Comment
Louisiana gets soaked; Surrender flag waved
Boyd Gaming warned us that Deep South results would be weak, following two hurricanes, and they didn’t exaggerate. Flood-affected Louisiana casino receipts plummeted 11% in September. Boyd casinos got the worst of it, down 10.5%. New Orleans was flat but … Continue reading
Posted in Boyd Gaming, Caesars Entertainment, China, Churchill Downs, Crown Resorts, Economy, Eldorado Resorts, GLPI, Illinois, Isle of Capri, Japan, Las Vegas Sands, Louisiana, Macau, MGM Resorts International, Money laundering, Penn National, Regulation, Resort fees, Sheldon Adelson, Singapore, The Mob, The Strip, Tilman Fertitta, Wall Street
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Big Brother challenged in Joliet
If rampant facial recognition is such a good thing, how come music festivals like Coachella and SXSW are banning it? The casino industry could take a hint from this, especially as the rejection seems to be coming from much-coveted Millennials. … Continue reading
Steve Wynn, get lost
Steve Wynn thinks he’s above the Nevada Gaming Control Board. Perhaps he still imagines himself to be “the most powerful man in Nevada.” Either way, he failed to show up for an NGCB hearing on September 7, 2018, showing his … Continue reading
Ocean surges in Atlantic City; Wall Street yawns at MGM sale
Atlantic City gambling revenue was off 3% last month and we’ll be generous, chalking it up to one less weekend day than last year. The Boardwalk grossed $224.5 million, led by Borgata with $57.5 million (a 5% slippage). Table win … Continue reading
Posted in Atlantic City, Boyd Gaming, Caesars Entertainment, Eldorado Resorts, Greenwood Racing, Hard Rock International, Internet gambling, Japan, MGM Resorts International, Mohegan Sun, Nevada, New Jersey, Ocean Resort, Penn National, Pennsylvania, Phil Ruffin, Real Estate, Rush Street Gaming, Sports, Sports betting, The Strip, Tilman Fertitta, Tribal, Wynn Resorts
3 Comments
Bellagio, Circus Circus sold
Back on Sept. 17 we reported that MGM Resorts International was dickering with Blackstone Group to sell the latter Bellagio and MGM Grand. Well, the Green Monster got left out of the transaction but MGM’s most iconic property will change hands, … Continue reading
Posted in Caesars Entertainment, Cosmopolitan, Japan, Macau, Marketing, Massachusetts, MGM Resorts International, Phil Ruffin, Sports, Steve Wynn, The Strip
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