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- David McKee on Sibella scandal spreads; Supremes forestall Seminoles
- Ray Lebowski on Sibella scandal spreads; Supremes forestall Seminoles
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Category Archives: Las Vegas Sands
Park MGM reopens early; Power play at Scientific
MGM Resorts International had mooted as late as an end-of-the-year target for resuming business at Park MGM. However, the date has been advanced to Sept. 30 and, yes, Park MGM will be smoke-free. In a subplot, Four Seasons reopens five … Continue reading
Dark portent for MGM Springfield; Chicago courts casinos
A thousand MGM Springfield employees have been canned, effective today. A skeleton crew of 800 keeps the casino-resort open, as it writhes in pandemic economic throes. Reports the Boston Globe, “State rules to prevent the spread of the coronavirus have … Continue reading
Posted in Caesars Entertainment, Canada, Cantor Gaming, Cosmopolitan, Derek Stevens, Dining, Donald Trump, Downtown Grand, Economy, Golden Gaming, Health, Illinois, Las Vegas Raiders, Las Vegas Sands, Massachusetts, MGM Resorts International, Nevada, North Las Vegas, Penn National, Phil Ruffin, Regulation, Reno, Sahara, Silverton, Slot routes, Station Casinos, Taxes, Terry Caudill, The Strip, William Hill, Wynn Resorts
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Fear and loathing at the Cosmo
Once again The Cosmopolitan of Las Vegas is being portrayed as the bad boy of Las Vegas Strip resorts when it comes to taking Covid-19 seriously. A headline in today’s Daily Beast reads, “Maskless gamblers. Verbal abuse. Infected colleagues. Workers … Continue reading
Caesars postpones casino sale; D.C. sports betting bombs
One Caesars Entertainment casino of many on the Las Vegas Strip remains theoretically for sale … but put your checkbooks away for the time being. While new CEO Tom Reeg has to make good on his promise to realize hundreds … Continue reading
Miller dares Adelson; Room rates reel
Late last week American Gaming Association President Bill Miller did something radical about Internet gambling. He discussed it. On a conference call. With reporters. Unprompted. You have to understand that ‘Net betting has been a no-fly zone for the AGA … Continue reading
Posted in AGA, Caesars Entertainment, Card rooms, Economy, Geoff Freeman, Internet gambling, Las Vegas Sands, Maverick Gaming, MGM Resorts International, Mohegan Sun, Penn National, Rush Street Gaming, Sheldon Adelson, The Strip, Tilman Fertitta, Wall Street, Washington State, Wynn Resorts
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The big enchilada
“The Biggest Gaming Opportunity Since Riverboats in the Early ’90s.” That’s how JP Morgan gaming analyst Joseph Greff, a man not given to hype, characterized i-gaming and sports betting today. He described them as “as an emerging and exciting area … Continue reading
Posted in Caesars Entertainment, California, Colorado, Cosmopolitan, DraftKings, FanDuel, Golden Nugget, Illinois, Indiana, Internet gambling, Iowa, Isle of Capri, Las Vegas Sands, MGM Resorts International, Michigan, MTR Gaming, Palms, Penn National, Regulation, Rush Street Gaming, Silverton, Sports betting, The Strip, Tropicana Entertainment, Wall Street, William Hill
2 Comments
Culinary booted from Boulder
We have obtained a memo on Boulder Station letterhead that reads, in part, “Yesterday [August 6] we learned that a majority of Culinary Team Members signed a petition saying they DO NOT wish to be represented by the Culinary Workers … Continue reading
New hope for Station; Raider Nation exiled
Station Casinos reported second-quarter results yesterday and JP Morgan analyst Joseph Greff came away “encouraged” and “impressed.” He wrote of “less bad results in April and May and much better positive [cash flow] generation in June.” How so? In its … Continue reading
Cuomo stiff-arms casinos; MGM’s blame game
Tioga Downs owner Jeff Gural was able to get some face time with Global Gaming Business … which is more than he’s been able to do with New York State Gov. Andrew Cuomo (D), much to Gural’s chagrin. He’s chafing … Continue reading
Posted in Caesars Entertainment, Churchill Downs, Economy, Full House Resorts, Genting, Health, Illinois, Indiana, International, Kentucky, Las Vegas Sands, Massachusetts, MGM Resorts International, New York, Politics, Rush Street Gaming, Sports betting, The Strip, Tribal, Wynn Resorts
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MGM: Meet the new boss, same as the interim boss
After suffering the indignity of a “thorough national search” to find a possible replacement, interim MGM Resorts International CEO Bill Hornbuckle has been named to the position on a permanent basis. This should have been a no-brainer for MGM, especially … Continue reading
MGM: No shows for you!; Cromwell aims for the gutter
Yesterday the axe fell on MGM Resorts International‘s sports and entertainment division with the announcement that all shows and events scheduled between now and August 31 were canceled. Worse still, any support personnel for shows canceled after August 31 would … Continue reading
Posted in Caesars Entertainment, California, Cirque du Soleil, Conventions, Economy, Entertainment, Florida, Health, Las Vegas Sands, Marketing, MGM Resorts International, Real Estate, Seminole Tribe, The Strip, Tribal, TV
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Shopping the Trop; Nobu no-no
An unnamed hotel-casino on the Las Vegas Strip is being quietly advertised on private-equity forums. It’s listed as a “brand name” property that’s been in operation for over 30 years. The age would seem to suggest The Mirage (born 1989) … Continue reading
Posted in Affinity Gaming, Boulder Strip, Boyd Gaming, California, CityCenter, Connecticut, Cosmopolitan, Current, Dining, Downtown, Election, GLPI, Hard Rock International, Health, Hooters, Las Vegas Sands, Law enforcement, Louisiana, Massachusetts, Maverick Gaming, MGM Resorts International, Mohegan Sun, Nevada, North Las Vegas, Penn National, Planet Hollywood, Politics, Real Estate, Sheldon Adelson, Singapore, Station Casinos, The Rio, The Strip, Transportation, Tribal, Twin River, Virgin Hotels, Wall Street, Wynn Resorts
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“Extreme” pessimism in Las Vegas; The D pisses for safety
Writing off the 2Q20 results as “less than relevant,” JP Morgan analyst Joseph Greff was guardedly optimistic about Las Vegas Sands, even though management’s conference call “shed little light on the path of recovery in Macau SAR, Singapore or Las … Continue reading
History repeats itself, this time as farce
Caesars Entertainment is now Eldorado Resorts‘ bitch and, as Scott Roeben reports, there’s already reason to be concerned, starting with layoffs at Caesars Palace. New CEO Tom Reeg is apparently wasting no time sending employees to the firing squad. He … Continue reading
Casinos unleash Culinary’s wrath
Las Vegas‘ casino industry seems to be behaving counterintuitively, reopening casinos and hotels (Vdara is the latest) at a time when visitor demand is softening. JP Morgan analyst Joseph Greff reports today that, for the July 11-18 period, Clark County … Continue reading
Posted in Arizona, Caesars Entertainment, CityCenter, Cosmopolitan, Culinary Union, Economy, Eldorado Resorts, Florida, Health, Hooters, International, Iowa, Lake Tahoe, Las Vegas Sands, Louisiana, Macau, Mississippi, Missouri, Nevada, Paragon Gaming, Politics, Sports, Station Casinos, Wall Street, Westgate LV
2 Comments
Atlantic City: The fix was in
In a sham ritual (only two of five members were present), the New Jersey Casino Control Commission green-lit the Eldorado Resorts takeover of Caesars Entertainment. Effectively rebuking the recommendations of the Division of Gaming Enforcement, the two commissioners allowed deed … Continue reading
Colony Crapital strikes out again; Adelson nixes Mets
Bumbling CEO and key White House economic advisor Tom Barrack is doing what he does best … or most … failing miserably. Barrack, who disgraced the Las Vegas Hilton and sundry other casinos, is now in danger of losing 137 … Continue reading
Posted in Baseball, Charity, Colony Capital, Las Vegas Sands, New York, Sheldon Adelson, Wall Street
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Slot routes feel Sisolak’s wrath
Even after they were ordered to enforce mask-wearing or else, some casinos continue to flout the rules. Clark County conducted 1,600 inspections and found deficiencies at Silverton, an absence of social distancing at the Aria pool and no effort being … Continue reading
Posted in Atlantic City, Caesars Entertainment, California, Dining, Eldorado Resorts, Election, Golden Nugget, Indiana, Internet gambling, Las Vegas Sands, MGM Resorts International, Nevada, New Jersey, Ocean Resort, Regulation, Silverton, Slot routes, Sports betting, The Strip, Tribal, Unite-Here
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Las Vegas: The first shall be last
Don’t stay up late waiting for business in Las Vegas to return to “normal” levels. Sin City is uniquely vulnerable to downturns in the U.S. economy (think of the Great Recession) and a trailing indicator of gambling’s health. The prime … Continue reading
Posted in Alabama, Aristocrat, Atlantic City, Boulder Strip, Boyd Gaming, China, Conventions, Downtown, Economy, Eldorado Resorts, Florida, G2E, Hard Rock International, Health, Las Vegas Sands, LVCVA, Macau, Melco Resorts & Entertainment, Ohio, Penn National, Technology, The Strip, Transportation, Wall Street, Wynn Resorts
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