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- Ray Lebowski on Sibella scandal spreads; Supremes forestall Seminoles
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Category Archives: Las Vegas Sands
DFS dealt major setback; Mills is grist
Daily fantasy sports was dealt a major setback when a New York State court ruled it unlawful. It was deemed that the Lege had exceeded its remit by classifying DFS as a game of skill, not of chance. New York … Continue reading
Posted in Affinity Gaming, Churchill Downs, Connecticut, Crown Resorts, Detroit, DFS, Diversity, DraftKings, FanDuel, Foxwoods, International, Las Vegas Sands, Lotteries, Maine, Melco Resorts & Entertainment, MGM Resorts International, Mohegan Sun, Nevada, New Hampshire, New Jersey, New York, Penn National, Politics, Problem gambling, Regulation, Sports betting, Technology
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“The fix is in”; MGM’s youth movement
Hard Rock International CEO Jim Allen is trying to have it both ways in Greece, saying that Mohegan Gaming & Entertainment hasn’t been awarded the Hellenikon casino concession but that “the fix is in.” Well, is it or isn’t it? … Continue reading
Posted in Atlantic City, Australia, Boyd Gaming, Canada, Crown Resorts, Diversity, DraftKings, Economy, Hard Rock International, Health, International, Japan, Las Vegas Sands, Lawrence Ho, Lucky Dragon, Macau, MGM Resorts International, Mohegan Sun, Money laundering, Movies, Ocean Resort, Pennsylvania, PokerStars, Singapore, Sports betting, The Strip, Twin River, Wall Street, Wynn Resorts
1 Comment
Macao: Worse than expected; New deal on Connecticut table
When China gets coronavirus, Macao develops pneumonia. While Wall Street was expecting gaming revenues to dip 2% in January, they fell 11%. Macanese casinos still grossed $2.75 billion, so it’s not like they were hearing crickets. However, February is shaping … Continue reading
Posted in Atlantic City, Caesars Entertainment, China, Connecticut, Derek Stevens, Downtown, Economy, Eldorado Resorts, Foxwoods, Health, IGT, Illinois, Japan, Las Vegas Sands, Louisiana, Macau, MGM Resorts International, Mohegan Sun, New Jersey, Pennsylvania, Politics, Regulation, Sheldon Adelson, Sports betting, Tourism, West Virginia
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Case Bets
My head feels more disorganized than the Iowa Democratic caucuses (and that’s going some), so take a few Case Bets and call me in the morning … * Our salient recollection of Valentine’s Day in Las Vegas involves taking the … Continue reading
IGT, Twin River cut a deal; Atlantic City casino execs get riled
In what is either a grand compromise or the cynical conclusion to months of backbiting, International Game Technology and Twin River Holdings have patched up their differences, and formed a joint venture to run the Rhode Island state lottery. (The … Continue reading
Posted in Atlantic City, Caesars Entertainment, China, DFS, Donald Trump, e-sports, Eldorado Resorts, Hard Rock International, IGT, Japan, Kentucky, Las Vegas Sands, Law enforcement, Lotteries, Melco Resorts & Entertainment, MGM Resorts International, Morris Bailey, Rhode Island, Sports betting, Twin River, Wynn Resorts
3 Comments
Penn/Barstool deal a home run; Blatstein lightens Showboat ship
Shares of Penn National Gaming jumped 12% on news of its 36% acquisition of Barstool Sports. Penn plans to unroll a Barstool-branded line of sports books, online applications and mobile-wagering services. Barstool, in turn, will promote Penn until 2060 … … Continue reading
Posted in AGA, Atlantic City, Caesars Entertainment, Derek Stevens, Downtown, Fontainebleau, Golden Gaming, Hard Rock Hotel, Japan, Las Vegas Sands, LVCVA, Massachusetts, Maverick Gaming, MGM Resorts International, Palms, Penn National, Problem gambling, Regulation, Resorts World LV, Sports betting, Station Casinos, Steven Witkoff, Technology, The Strip, Tribal, Wall Street, Washington State, Wynn Resorts
1 Comment
Las Vegas Sands braces for impact; Big Rob’s big scam
Las Vegas Sands missed Wall Street expectations in Macao, made up for that in Singapore (partly on the strength of runaway Chinese high rollers) and “was solidly in line” on the Las Vegas Strip, according to JP Morgan analyst Joseph … Continue reading
Posted in California, China, Health, James Packer, Las Vegas Sands, Law enforcement, Macau, MGM Resorts International, Pennsylvania, Singapore, Sports betting, The Strip, Tribal, William Hill
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Packer’s pickle; Sands, MGM, Wynn lauded
Crown Resorts, under investigation in New South Wales, evidently decided it could no longer afford to half-ass it without a CEO (a position that had gone unfilled for three years) and elevated CFO Ken Barton to the job. Congratulations … … Continue reading
Posted in Indiana, James Packer, Japan, Las Vegas Sands, Law enforcement, Macau, Mandalay Bay Massacre, Melco Resorts & Entertainment, MGM Resorts International, Sexual misconduct, Sheldon Adelson, Stanley Ho, Wynn Resorts
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Wall Street to Coronavirus: Buy!
According to Deutsche Bank analyst Carlo Santarelli, Chinese New Year visitation to Macao is now down 69%, with Day 4 bringing an 84% plunge. Santarelli’s opposite number at JP Morgan, analyst Joseph Greff countered that “There’s value for those who … Continue reading
Posted in Caesars Entertainment, China, Colorado, DraftKings, Health, Horseracing, Iowa, Las Vegas Sands, Melco Resorts & Entertainment, MGM Resorts International, Philippines, Singapore, Slot routes, Sports betting, The Strip, Tourism, Transportation, Virginia, Wall Street, Wynn Resorts
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Macao prepares for the worst
Even as coronavirus tiptoed into Macao, casino executives from three companies were bullish on 2020. Their confidence was buoyed by the change of course of one of China‘s biggest economic headwinds, its trade war with the U.S. Some are arguing … Continue reading
Posted in Donald Trump, Health, Las Vegas Sands, Macau, MGM Resorts International, Sociedade de Jogos de Macau, Technology, The Strip
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Maryland maxed out; Adelson’s $40 million lesson
Casino revenues in the Free State continue to be flat. Maryland gambling houses grossed $149 million last month. MGM National Harbor‘s $62.5 million—a 4.5% gain—led the state. Slots were down 2% at MGM but table win up 12%, a development … Continue reading
Posted in Caesars Entertainment, Churchill Downs, Cordish Co., Downtown, Environment, Golden Gaming, Harry Reid, Las Vegas Sands, Law enforcement, Maryland, MGM Resorts International, Penn National, Sheldon Adelson, Technology, Terry Caudill
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Pacific Rim shots
A lengthy visit by President Xi Jinping may have had something to do with it but, whatever the case, December casino revenue in Macao sucked wind by Macanese standards, down 14%. High rollers were in short supply and continued protests … Continue reading
Posted in China, Economy, Internet gambling, Japan, Las Vegas Sands, Law enforcement, Macau, Politics, Sports, Sports betting, TV
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Land of the Rising Frustration; Gaming hangup in Connecticut
We’ve been saying all along that the risk/reward ratio in Japan isn’t that great, especially when you’re expected to build the world’s most expensive casinos, starting at $10 billion. Nothing remotely that costly has been tried in gaming, much less … Continue reading
Posted in Caesars Entertainment, Connecticut, Internet gambling, Japan, Las Vegas Sands, Lotteries, Mohegan Sun, Politics, Sports betting, Wall Street
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Twin River has scandal of its own; Musical chairs in Oklahoma
Twin River Casino can forget about prying the Rhode Island Lottery contract away from International Game Technology. Twin River exec Michael Barlow and a vendor have been hit with a staggering 30 counts of bribery, obtaining property under false pretenses and … Continue reading
Posted in Economy, IGT, Las Vegas Sands, Law enforcement, Macau, Oklahoma, Rhode Island, Sociedade de Jogos de Macau, Tribal, Twin River, Wall Street, Wynn Resorts
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Looking for love in Macao; Resorts World LV’s big bet
“All of the juice has been squeezed out of the orange. Macao is starting to resemble more mature competitive markets such as Las Vegas and Atlantic City.” Ouch! That was Bloomberg Intelligence contributing analyst David Bonnet, taking an exceptionally gloomy view … Continue reading
Around the gambling world in nine stops
Please welcome new Stiffs & Georges guest contributor Cora Lee, a travel writer whose article on Japan‘s consumer culture was linked to S&G last week. Here is her debut S&G feature. Enjoy! Some places are known for their tropical islands, … Continue reading
‘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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Small thinking big in Oklahoma; Smoke gets in their lungs
In Oklahoma, Council of Public Affairs President Jonathan Small went to the mat for Gov. Kevin Stitt (R), backing Stitt’s demand for higher—much higher—exclusivity fees. To his credit, Stitt has put sports betting on the table as an incentive. Small … Continue reading
Posted in California, Connecticut, Environment, Florida, Hard Rock International, Las Vegas Sands, Nevada, Oklahoma, Palms, Problem gambling, Sports betting, Taxes, Technology, Tribal, Virginia
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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
New life for Harmon Strip; Wynn Resorts vindicated, mostly
Could the Harmon Strip, mooted since the late Nineties, actually come to pass? The area has been a graveyard for resort projects, leaving the Hard Rock Hotel standing in splendid isolation. However … one Jeffrey Williams is applying for permission to … Continue reading