Category Archives: Las Vegas Raiders

Stitt escalates Oklahoma conflict; The new N-word

Posted on January 6, 2020 by David McKee

Oklahoma Gov. Kevin Stitt‘s jihad against the state’s gaming tribes has claimed its first casualty. Secretary of Native American Affairs Lisa Billy resigned, writing that the governor was “committed to an unnecessary conflict … [You have] remained intent on breaking faith with them,” … Continue reading →

Posted in Churchill Downs, Connecticut, Genting, Hooters, International, Las Vegas Raiders, Marketing, Massachusetts, Movies, New York, Oklahoma, Problem gambling, Sexual misconduct, Sports, Sports betting, Taxes, Tribal, TV, Wynn Resorts | Comments Off

End-of-Year Case Bets

Posted on December 30, 2019 by David McKee

In a retrospective mood, the American Gaming Association has chosen the top eight gaming stories of the past year, ranked here in descending order. They are: The Caesars Entertainment takeover by Eldorado Resorts. ‘Nuff said. Allegations that Encore Boston Harbor is … Continue reading →

Posted in Caesars Entertainment, California, Canada, Carl Icahn, Donald Trump, Eldorado Resorts, Election, Harrah's, Japan, Lake Tahoe, Las Vegas Raiders, Law enforcement, Louisiana, Lucky Dragon, Maryland, Massachusetts, MGM Resorts International, Mississippi, Money laundering, Oklahoma, Problem gambling, Resort fees, Sports, Sports betting, The Strip, Tribal, Wynn Resorts | 1 Comment

Tribal gambling rampant in Oklahoma?; Penn National gets swindled

Posted on December 18, 2019 by David McKee

Could “casinos and smoke shops soon begin popping up on every corner of downtown Tulsa?” So wondered Indian Country Today about a Supreme Court case that could dramatically alter the complexion of tribal gaming in Oklahoma. (Serves Kevin Stitt right.) The … Continue reading →

Posted in Atlantic City, Caesars Entertainment, California, Churchill Downs, Culinary Union, Eldorado Resorts, Galaxy Entertainment, Genting, Illinois, Japan, Las Vegas Raiders, Law enforcement, Macau, MGM Resorts International, Oklahoma, Pansy Ho, Penn National, Regulation, Sociedade de Jogos de Macau, Sports, Sports betting, The Rio, Tribal, World Series of Poker, Wynn Resorts | Comments Off

‘Sharp’ criticism of Congress; MGM a popular stock pick

Posted on December 2, 2019 by David McKee

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 | Comments Off

Wynn Resorts chastened; Living the high life at the Cosmo

Posted on November 25, 2019 by David McKee

Boston is quite a different animal from Las Vegas and Macao—or so Wynn Resorts has learned. Despite healthy table games revenues it is lowering the minimum-bet limits from $50 to $15 at Encore Boston Harbor. In a remarkable mea culpa before … Continue reading →

Posted in Animals, China, CityCenter, Cosmopolitan, Downtown, Election, Environment, Hard Rock Hotel, Hard Rock International, Las Vegas Raiders, Lawrence Ho, Macau, Maine, Marijuana, Marketing, Massachusetts, Palms, Penn National, Regulation, Resort fees, Sheldon Adelson, Sports, The Strip, Virginia, Wynn Resorts | Comments Off

Big bounce at IGT; Cosmo revises restaurant lineup

Posted on November 15, 2019 by David McKee

“What’s 23% Between Friends?” So asked Credit Suisse analyst Ben Combes as he reported on International Game Technology‘s 3Q19 earnings call. IGT’s $407 million in cash flow exceeded consensus Wall Street expectations by 3%. IGT stock vaulted 23% on the … Continue reading →

Posted in Caesars Entertainment, Cosmopolitan, Delaware, Detroit, Dining, Entertainment, Genting, history, IGT, Indiana, International, Las Vegas Raiders, Lotteries, M Resort, MGM Resorts International, Missouri, New York, Penn National, Sports betting, Taxes, The Strip, TV, Wall Street | Comments Off

Caution on Scientific, Golden; VIPs passé in Macao

Posted on November 8, 2019 by David McKee

Scientific Games must have been less than thrilled with Credit Suisse analyst Ben Combes‘ report on their third quarter. It was headlined, “Solid Quarter, But Leverage Concerns Keep Us on the Sidelines.” Cash flow of $344 million beat the Wall … Continue reading →

Posted in California, Canada, China, Dining, Economy, Entertainment, Genting, Golden Gaming, Greenwood Racing, Illinois, International, Internet gambling, Las Vegas Raiders, Lotteries, Macau, MGM Resorts International, Nevada, New York, Penn National, Pennsylvania, PokerStars, Resort fees, Rush Street Gaming, Scientific Games, Sheldon Adelson, The Strip, Tribal, Wall Street, Wynn Resorts | Comments Off

Cordish bully on Philly

Posted on November 4, 2019 by David McKee

We’ll soon find out if the Philadelphia market can sustain five casinos when Cordish Gaming‘s Live! Casino & Hotel Philadelphia opens, next door to Citizens Bank Park (baseball) and close to Lincoln Financial Field (football) and Wells Fargo Center (basketball and … Continue reading →

Posted in Atlantic City, Caesars Entertainment, California, Charity, Cordish Co., Dan Gilbert, DFS, Donald Trump, Entertainment, Florida, Las Vegas Raiders, MGM Resorts International, Ohio, Penn National, Pennsylvania, Sahara, Sports, Sports betting, The Strip, Wall Street | 1 Comment

Macao economy flounders; Massachusetts bonanza illusory

Posted on October 18, 2019 by David McKee

Macao got a double-barreled blast of bad news. First off, China‘s gross domestic product has slowed to growth rates not seen in almost 30 years. In fact, the R-word (“recession”) was invoked. Slow investment growth was blamed, as was the … Continue reading →

Posted in Caesars Entertainment, California, Charity, China, Downtown, Economy, Foxwoods, Las Vegas Raiders, Law enforcement, Macau, Marketing, Massachusetts, MGM Resorts International, Mohegan Sun, Penn National, Politics, Technology, The Strip, Tourism, Transportation, Tribal, Wynn Resorts | Comments Off

Should we ban Steve Wynn?; Caesars vote set

Posted on October 15, 2019 by David McKee

Perhaps anticipating the expiration of Steve Wynn‘s noncompete agreement with Wynn Resorts, the Nevada Gaming Control Board has filed a complaint against El Steve in court, saying he brought “discredit” upon the state of Nevada, reports KTNV-TV. Could this be … Continue reading →

Posted in Caesars Entertainment, California, Carl Icahn, Cordish Co., Dining, Economy, Eldorado Resorts, Environment, Hard Rock International, history, Las Vegas Raiders, Louisiana, Marketing, Maryland, Massachusetts, Mohegan Sun, Regulation, Sexual misconduct, Steve Wynn, Tribal, Wall Street, Wynn Resorts | 2 Comments

Wall Street: The Strip is all right; Rivals pile into Waukegan

Posted on September 16, 2019 by David McKee

JP Morgan analyst Joseph Greff has just returned from a two-day field trip to Las Vegas. His overall reaction was “incrementally positive.” He said he sensed “a fairly steady trend line in terms of overall spend and net revenue performance.” … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, Churchill Downs, Conventions, Dan Gilbert, Dan Lee, Detroit, Dining, Entertainment, Full House Resorts, Illinois, Japan, Las Vegas Raiders, Las Vegas Sands, Macau, Marketing, Maryland, MGM Resorts International, Ohio, Palms, Penn National, Resort fees, Rush Street Gaming, Sahara, Sports betting, The Strip, Tribal, Wall Street, Warner Gaming, Wisconsin | Comments Off

Stall in Indiana; Adelson, Netanyahu at odds

Posted on September 11, 2019 by David McKee

An extra weekend day in Indiana was no help to casino revenues in Indiana, which were, on average, flat with 2018. The total gross was $186 million. The saving grace, perhaps, was that August 2018 saw revenues grow 5% but … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, Dining, Eldorado Resorts, Full House Resorts, Las Vegas Raiders, Pennsylvania, Sheldon Adelson, Spectacle Entertainment, Tribal | Comments Off

Maryland good, Illinois becalmed, MGM furious

Posted on September 9, 2019 by David McKee

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

Stitt, tribes: “You first”; Sports betting blocked in Maine

Posted on September 4, 2019 by David McKee

Although he said that “we table the issue of the renewal or termination date of the exiting compact, and use our time more productively by focusing on coming to a shared vision of gaming in Oklahoma for the future,” Oklahoma … Continue reading →

Posted in Las Vegas Raiders, Maine, Mandalay Bay Massacre, MGM Resorts International, Oklahoma, Real Estate, Sports, Sports betting, Taxes, The Strip, Tribal | Comments Off

Sports betting vexed in Massachusetts; Start spreading the news, they’re leaving today—and how!

Posted on August 30, 2019 by David McKee

Don’t expect sports betting in Massachusetts: Not now, maybe never. Why? Two words: Rhode Island. That state counted on $23 million in tax revenue from sports wagers—a ludicrous figure—and got $2 million. Bay State lawmakers are not only sobered by the … Continue reading →

Posted in Arizona, Connecticut, Economy, Environment, Florida, Las Vegas Raiders, Massachusetts, MGM Resorts International, Nevada, New York, Politics, Problem gambling, Rhode Island, Sports, Sports betting | Comments Off

Baccarat hamstrings the Strip

Posted on August 28, 2019 by David McKee

July would have been a good month for the Las Vegas Strip were it not for a wipeout at baccarat: down 26% on 15% less wagering, so luck was definitely not with the house. Overall, Strip revenues were up 1.5% … Continue reading →

Posted in Boulder Strip, Churchill Downs, Downtown, Illinois, Lake Tahoe, Las Vegas Raiders, Laughlin, Nevada, North Las Vegas, Racinos, Reno, Rush Street Gaming, Sports, The Strip, Tourism, Transportation, Wall Street | Comments Off

Vegas: The good, the mediocre and the Moulin Rouge

Posted on August 6, 2019 by David McKee

First the good news (for the hospitality industry): Las Vegas hotel occupancy is over 89% and ADRs are $135.23. The relatively bad news is that total visitation will yet again fall short of 2016’s record numbers. The Las Vegas Review-Journal‘s Richard … Continue reading →

Posted in Animals, Genting, Illinois, Konami, Las Vegas Raiders, Moulin Rouge, The Strip, Tourism | Comments Off

Astral sighting; Cuomo nixes Gotham casinos

Posted on March 25, 2019 by David McKee

Urban blight along the Las Vegas Strip could be (partially) giving way to new casino development. Resort entrepreneur Asher Gabay has found the Promised Land in Las Vegas, where he hopes to take a run at the boutique-hotel concept. His … Continue reading →

Posted in Connecticut, Fontainebleau, Foxwoods, Genting, Internet gambling, Las Vegas Raiders, Las Vegas Sands, MGM Resorts International, Mohegan Sun, New York, Politics, Regulation, Sports, Sports betting, Steven Witkoff, The Strip, Tribal, Virginia | Comments Off

MGM: The first shall be last … or something like that

Posted on March 20, 2019 by David McKee

Closing out the J.P. Morgan Gaming & Lodging Management Access Forum were execs from MGM Resorts International. The company’s four priorities were stated as 1) drive organic growth, 2) bring new properties up to speed in terms of revenue performance, 3) … Continue reading →

Posted in Caesars Entertainment, Culinary Union, International, Internet gambling, Japan, Las Vegas Raiders, Macau, Mandalay Bay Massacre, Massachusetts, MGM Resorts International, Palms, Reno, Resort fees, Sports betting, Station Casinos, The Strip, Transportation, Wall Street | 1 Comment

Meet the REITs; Station’s full platter

Posted on March 15, 2019 by David McKee

JP Morgan analysts met with MGM Growth Properties CEO James Stewart and CFO Andy Chien, whose assured them that MGP had a full pipeline of deals. (Could MGM Resorts International inoculate itself against the Federal Trade Commission by running a … Continue reading →

Posted in Caesars Entertainment, CityCenter, GLPI, Hard Rock International, Internet gambling, Las Vegas Raiders, Massachusetts, MGM Resorts International, New Jersey, Palms, Reno, Station Casinos, The Strip, Wall Street | 1 Comment