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Category Archives: Louisiana
China kicks sand in Big Gaming’s face; Penn lobbies for special status
You could say that getting into bed with Red China was a devil’s bargain and Satan has come to collect. Or that Beijing has finally decided to show everyone who’s boss. Either way, the central government played Big Gaming for … Continue reading
Posted in AGA, Australia, Bally, China, Crown Resorts, G2E, Galaxy Entertainment, Health, Illinois, Louisiana, Macau, Massachusetts, Melco Resorts & Entertainment, MGM Resorts International, Penn National, Pennsylvania, Politics, Racinos, Rhode Island, Taxes, Wall Street, Wynn Resorts
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Further growth projected for Vegas; Arizona sports betting upheld
As we await tomorrow’s reopening of Main Street Station, a set of projections comes from Deutsche Bank analyst Carlo Santarelli that should have Las Vegas casino owners rubbing their hands with glee. Mind you, Santarelli might be erring on the … Continue reading
Posted in Arizona, Boyd Gaming, Cosmopolitan, Economy, El Cortez, Indiana, Las Vegas Raiders, Louisiana, Michael Gaughan, Missouri, Ohio, Sports, Sports betting, The Strip, Tribal, Wall Street
3 Comments
Lake Charles leads Louisiana; Caesars welcomes super-spreaders
Louisiana casino revenues continue to march upward, gaining 10% over 2019 in July. The statewide gross was $222 million. Business was especially lively in Baton Rouge, up 32%. That was propelled by L’Auberge Baton Rouge, vaulting 41% to $16 million. … Continue reading
Monster monopoly on the Strip?; Caesars wows Wall Street
In a deal that Nevada regulators would block if they had an ounce of spine, MGM Growth Properties proposes to sell itself to Vici Properties, which would put nearly all the prime land on the Las Vegas Strip under one … Continue reading
Posted in Atlantic City, Caesars Entertainment, Cirque du Soleil, CityCenter, Conventions, Dining, Illinois, Indiana, International, Internet gambling, Louisiana, Massachusetts, MGM Resorts International, Missouri, Nebraska, Politics, Real Estate, Regulation, Sports betting, Tennessee, The Rio, The Strip, Vici Properties, Wall Street, William Hill
1 Comment
Boyd beats The Street but charts cautious course
“Massive beat” and “exceptional” results were some of the terms being bandied about after yesterday’s Boyd Gaming 2Q21 earnings call. Wall Street expected $803 million in revenue and Boyd delivered $896.5 million, while profit margins at its Las Vegas locals … Continue reading
Caesars massacres table games, renames Superdome; Bally’s boffo
At the risk of flogging a deceased equine, the emperor at Caesars Entertainment has yet again showed himself to be without clothes. The latest Eldorado-ization of the Roman Empire is the wholesale slaughter of table games along the Las Vegas … Continue reading
Posted in Atlantic City, Australia, Bally, Caesars Entertainment, Crown Resorts, Dining, Eldorado Resorts, Fontainebleau, Hard Rock International, Illinois, Jack Entertainment, Louisiana, Macau, Maryland, MGM Resorts International, Regulation, Resorts World LV, Rush Street Gaming, Sports, Taxes, The Strip, Virginia, Wall Street, Wynn Resorts
5 Comments
Massachusetts stumbles, Louisiana cruises; Big blunder at Circa
Shazam! Massachusetts casino revenues for June were $84 million, 67% higher than 2019. But wait … as Deutsche Bank analyst Carlo Santarelli points out, Encore Boston Harbor wasn’t operational two years ago (it debuted on June 23, 2019), so on … Continue reading
Posted in Atlantic City, Australia, Boyd Gaming, Caesars Entertainment, California, Century Casinos, Churchill Downs, CQ Holdings, Derek Stevens, DFS, DraftKings, Economy, Golden Gaming, Health, Internet gambling, Laughlin, Louisiana, Massachusetts, MGM Resorts International, Missouri, Nevada, Penn National, Pennsylvania, Sports, Sports betting, TV, Westgate LV, Wynn Resorts
1 Comment
Indiana, Missouri stay strong; Mixed feelings about buffets
Casino winnings in Indiana came up just a few increments short of $200 million last month, a 13% gain on 2019. Hard Rock Gary came out of the blocks fast, grossing $26 million, although Horseshoe Hammond climbed 7% to retain … Continue reading
Posted in AGA, Bally, Boyd Gaming, Caesars Entertainment, Churchill Downs, Dining, DraftKings, Entertainment, FanDuel, Full House Resorts, Health, Indiana, Internet gambling, Louisiana, Michael Gaughan, Missouri, New Jersey, Penn National, Pennsylvania, Philippines, PointsBet, Politics, Rush Street Gaming, Sports, Sports betting, William Hill, Wynn Resorts
1 Comment
Scientific Games goes on a diet; BetMGM stiffs player
This is a head-scratcher. Despite sports betting sweeping our great country, Scientific Games is opting out of the sports-wagering business. And the lottery biz, too, even though that remains a robust market segment. Reported JP Morgan analyst Joseph Greff, “management … Continue reading
Posted in Arizona, Atlantic City, BetMGM, Churchill Downs, Cirque du Soleil, CQ Holdings, Dining, Environment, Hard Rock International, Health, Illinois, Lotteries, Louisiana, MGM Resorts International, Michigan, Rush Street Gaming, Scientific Games, Sports, Sports betting, Technology, The Strip, Tribal, Wall Street, Wynn Resorts
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Florida gets tag-teamed; Penn upbeat on 2021; Vegas room rates soar
This is how it’s done. Or supposed to be done. DraftKings and FanDuel are teaming to back a petition drive to legalize sports betting in Florida. Aimed at the November 2022 election ballot, the resolution would dedicate tax revenues from … Continue reading
Posted in Baseball, Caesars Entertainment, Canada, Colorado, Dining, DraftKings, Economy, Election, FanDuel, Hard Rock International, Las Vegas Sands, Law enforcement, Louisiana, Maine, Massachusetts, MGM Resorts International, Oklahoma, Peninsula Pacific, Penn National, Pennsylvania, Problem gambling, Regulation, Sports, Sports betting, Taxes, The Strip, Tourism, Tribal, Wall Street, Wynn Resorts
2 Comments
Getting nasty in Florida; Police blotter
A “tortured artifice.” That’s what Miami Beach Mayor Dan Gelber (D) calls the new Florida gaming compact in a letter to the Interior Department. He urged them to reject the deal, not because of any issues with the Seminole Tribe, … Continue reading
Posted in Atlantic City, Churchill Downs, Donald Trump, Drugs, Economy, El Cortez, Entertainment, Florida, G2E, Hard Rock International, Health, Horseracing, Law enforcement, Louisiana, Macau, MGM Resorts International, Money laundering, North Carolina, Pansy Ho, Politics, Problem gambling, Seminole Tribe, Sociedade de Jogos de Macau, Sports, Sports betting, The Strip, Tribal
1 Comment
Casinos collapse in Texas, advance elsewhere
All Sheldon Adelson‘s horses and all Sheldon Adelson’s men couldn’t put Texas megaresorts together. Or, as they said in Brooklyn (in a non-gaming context), wait ’til next year. Two separate bills to authorize everything from full-service casinos to poker rooms … Continue reading
Posted in Atlantic City, Bally, Caesars Entertainment, Cordish Co., Dining, Donald Trump, Florida, Hard Rock International, Health, Internet gambling, Las Vegas Sands, Louisiana, MGM Resorts International, New Jersey, Politics, Regulation, Seminole Tribe, Sheldon Adelson, Sports betting, Taxes, Texas, The Strip, Tilman Fertitta, Tribal, Virginia
1 Comment