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- David McKee on You can’t fix stupid; Good-bad news on the bayou
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- Ray Lebowski on Sibella scandal spreads; Supremes forestall Seminoles
- David McKee on Sibella scandal spreads; Supremes forestall Seminoles
- Ray Lebowski on Sibella scandal spreads; Supremes forestall Seminoles
- David McKee on MGM crippled; Illinois & Indiana report; Bally’s shaky in Chi
- Paul Shanahan on MGM crippled; Illinois & Indiana report; Bally’s shaky in Chi
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Category Archives: Lake Tahoe
Baccarat slays the Strip
Gaming revenues on the Las Vegas Strip continued to dip in December, down 3% ($571.5 million). Baccarat tore a hole through gaming receipts, with the house plunging 30% on 9% less wagering. Non-baccarat table games fared much better, up 7.5%. … Continue reading
Posted in Boulder Strip, Economy, Eldorado Resorts, Environment, Illinois, Indiana, Lake Tahoe, Laughlin, Missouri, North Las Vegas, Pennsylvania, Reno, Taxes, The Strip
1 Comment
Lion attempts to devour Caesar; Louisiana casinos to come ashore?
That proposed takeover of Vici Properties by MGM Growth Properties looks stranger by the day. Since it would be a transaction between two landlords, it would not require Nevada regulatory approval. But it would not, contrary to its initial appearance, … Continue reading
Posted in Atlantic City, Cordish Co., Genting, Greenwood Racing, Harrah's, Illinois, Indiana, Iowa, Kentucky, Lake Tahoe, Louisiana, MGM Mirage, Mississippi, Missouri, New York, Pennsylvania, Politics, Regulation, Reno, Sports, Station Casinos, Taxes, Wall Street
1 Comment
Strip’s Thanksgiving turkey; Sports betting overhyped?
Despite a neutral calendar (i.e., same number of weekend days) and a 2% increase in baccarat wagers, the Las Vegas Strip managed to plummet 25% in table game win, pulling overall revenue 6% downward. Had it not been for that game, … Continue reading
New York: Turning the page; Cal-Neva is on the clock
‘Wait three years’ is the new rationale coming out of Albany, now that three new casinos in upstate New York have failed to meet Year One revenue projections. Taking the glass-half-full perspective, state Sen. John Bonacic says that the casinos were … Continue reading
Posted in Economy, Genting, Internet gambling, Japan, Lake Tahoe, Massachusetts, Neil Bluhm, New York, Penn National, Politics, Problem gambling, Racinos, Regulation, Sports, Taxes, Tribal
1 Comment
Strip loses, locals joints win; Aristocrat hooks Big Fish
Given the robustness of October 2017, last month’s Las Vegas Strip revenues ($529 million) were already facing a difficult comparison and the Stephen Paddock shooting spree didn’t help matters. Gambling revenues fell 6% last month along Las Vegas Boulevard. (Statewide, … Continue reading
Case Bets
In an early Christmas present to gaming historians, the Center for Gaming Research at UNLV has unveiled the Harrah’s Entertainment Corporate Archives, focusing on the 1940-2000 period. In other words, it doesn’t just go back to the beginning but before … Continue reading
Posted in GLPI, Harrah's, history, Illinois, Lake Tahoe, Mandalay Bay Massacre, Missouri, Pinnacle Entertainment, Reno, Sports, The Strip, Tropicana Entertainment
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Strip waxes, LV locals wane; Caesars sticks it to you
Gaming revenues inched up 3% in Nevada last August, while the Las Vegas Strip was up 5%, to $568 million. JP Morgan analyst Joseph Greff wrote that the latter implied “strong 3Q for MGM table games given WYNN and LVS’ combined 3Q … Continue reading
Posted in Boulder Strip, Downtown, Economy, Entertainment, Genting, Greenwood Racing, Harrah's, International, Internet gambling, Lake Tahoe, Laughlin, Mesquite, MGM Mirage, Nevada, North Las Vegas, Pennsylvania, Regulation, Reno, Sheldon Adelson, Steve Wynn, The Strip, Wall Street
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The future of Caesars; Larry Ellison buys Cal-Neva
Executives from Caesars Entertainment flew to New York to meet with Wall Street analysts and lay out their vision of the company’s post-bankruptcy future. According to Deutsche Bank‘s Carlo Santarelli, internal research “displays a healthy Millenial participation rate, a long … Continue reading
Atlantic Club sold … again; Jackpot Blitz deemed a winner
Late last month, the porte cochere of the Atlantic Club collapsed. As metaphors for the long-suffering property go, you can’t get much better than that. Despite this recent debacle, owner TPM Properties has actually found a buyer for the bounced-around … Continue reading
Hot numbers in August; MGM Cotai postponed
Although visitation to Las Vegas was down 2% in August, room revenues and rates were both up 3% (with a hotel room costing you $125/night on average) and occupancy at 91%. JP Morgan analyst Joseph Greff credited the Floyd Mayweather-Conor McPherson … Continue reading
Posted in Atlantic City, Boulder Strip, Colony Capital, Cosmopolitan, Downtown, Economy, Fontainebleau, Foxwoods, Hard Rock Hotel, International, Lake Tahoe, Laughlin, Macau, MGM Mirage, Mohegan Sun, North Las Vegas, Politics, Problem gambling, Regulation, Reno
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Hall of Fame game
Inductees to the American Gaming Association‘s Gaming Hall of Fame have sometimes been questionable (mobbed-up Clifford Perlman, for one) but this year’s foursome are unlikely to stir controversy. In a family affair, Paragon Gaming CEO Diana Bennett joins her late father … Continue reading
Posted in Aristocrat, Entertainment, Geoff Freeman, history, Hooters, International, Lake Tahoe, MGM Mirage, North Las Vegas, Paragon Gaming, Riviera, Sahara, Sam Nazarian, Steve Wynn, Technology, The Mob, The Strip, Westgate LV
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Strip disappoints, locals casinos dominate; Indiana ignores tribal casino
Poor table play punished the Las Vegas Strip last month, driving revenues down 8%. Locals casinos, by contrast, were up 13%, possibly helped by some end-of-June coin lingering in the slot hoppers. But, if so, what’s the Strip’s excuse for … Continue reading
Posted in Boulder Strip, Boyd Gaming, Charity, Downtown, Economy, Environment, Harrah's, Indiana, International, Japan, Lake Tahoe, Laughlin, Lawrence Ho, Louisiana, Macau, Majestic Star, Marketing, MGM Mirage, Missouri, Nevada, North Las Vegas, Pansy Ho, Pennsylvania, Regulation, Reno, Sheldon Adelson, Taxes, The Strip, Tribal, West Virginia
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Strip has a strong May; The robots are coming
Las Vegas Strip casinos posted a 3% revenue increase in May, led by a 12% upswing in baccarat revenue (on only 3% more wagering). Slot coin-in was up 4% but winnings were flat. Non-baccarat table games won 3% more even … Continue reading
Posted in Boulder Strip, Dining, Downtown, Entertainment, Environment, Lake Tahoe, Laughlin, Louisiana, North Las Vegas, Pinnacle Entertainment, Planet Hollywood, Regulation, Reno, Technology, The Strip, Wall Street
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Higher taxes mooted for Atlantic City; Trump into Philippines?
Someone has belatedly noticed that Atlantic City is, in essence, a tax haven for casino operators. They pay 9.25%, compared to Pennsylvania‘s 55% on slots, for instance, or Maryland‘s patchwork of tax rates, which top out at 60%. That’s not … Continue reading
Posted in Atlantic City, Donald Trump, GLPI, Harrah's, Lake Tahoe, Law enforcement, Lawrence Ho, Macau, Maryland, Melco Crown Entertainment, Missouri, New York, Penn National, Pennsylvania, Pinnacle Entertainment, Taxes, Technology
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Baccarat bonanza on Strip
Despite being clocked at baccarat, Las Vegas Strip casinos took in 8% more last month, a jump Wall Street is attributing to the Easter holiday and the much-anticipated Con-Agg expo. Baccarat play was 6% down and casinos won 16% less. … Continue reading
Posted in Boulder Strip, Downtown, Lake Tahoe, Laughlin, Mesquite, North Las Vegas, Reno, The Strip, Wall Street
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Penn gets bigger; Cool February in Nevada
Not many casino companies would double down on the Tunica market, let alone triple down. However, Penn National Gaming has an appetite for risk plus a track record of taking distressed properties and turning them around. So, in addition to … Continue reading
Posted in Boulder Strip, Colony Capital, Downtown, Harrah's, Lake Tahoe, Laughlin, Maryland, Mesquite, Mississippi, Nevada, Ohio, Penn National, Reno, The Strip, Wall Street
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Huge January in Nevada; Georgia nixes casinos (again)
Sinusitis had us down for the count for a few days but we’re back with a fresh serving of S&G. First off, New Year’s was boffo for Nevada (up 12%) with the Las Vegas Strip pulling in 14% more than … Continue reading
Posted in Boulder Strip, Downtown, Georgia, Internet gambling, Lake Tahoe, Laughlin, Mesquite, New York, North Las Vegas, Politics, Reno, South Carolina, Taxes, The Strip
1 Comment
A legend passes; Packer flops in Vegas (again)
Before we get back to business, a few brief mentions. First, let us have a moment of silence for Strip icon and former Las Vegas casino owner Debbie Reynolds, victim of a fatal stroke. Coming as it did a day … Continue reading
Strip booms in October; Trouble in Tiverton
Not even a 16.5% decline in table wagers could hold back the Las Vegas Strip last month, as gaming revenues shot up 14%, to $563 million. Statewide, casinos didn’t do so badly either, up 11%. The one-armed bandits on the … Continue reading
Posted in Boulder Strip, Downtown, Economy, Foxwoods, history, Iowa, Japan, Lake Tahoe, Laughlin, Lucky Dragon, Macau, Massachusetts, Mesquite, Mohegan Sun, Nevada, North Las Vegas, Penn National, Rhode Island, Taxes, The Strip
1 Comment
Paris goes dark; A Bennett returns
In the first major Strip power outage in 12 years — the last was at Bellagio in 2004 — players at Paris-Las Vegas saw the entire casino resort go dark before their very eyes. Not even the auxiliary power kicked … Continue reading
Posted in Columbia Sussex, Harrah's, Hooters, International, Lake Tahoe, Paragon Gaming, Penn National, Pennsylvania, Regulation, Taxes, The Strip, Tourism, Westgate LV
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