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- Atlantic City rebounds; Sibella dumped; NFL suspicions
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- David McKee on You can’t fix stupid; Good-bad news on the bayou
- American Gaming Guru on You can’t fix stupid; Good-bad news on the bayou
- 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: Louisiana
Las Vegas is sickly; Local heroes
As though Las Vegas weren’t reeling already from Coronavirus comes a bulletin that it’s one of America’s 25 worst cities for spring allergies. (Tell me about it!) As though one’s immune system weren’t compromised enough. Sin City clocks in a … Continue reading
Darkness at noon
Casino dominos continue to topple. The Cosmopolitan of Las Vegas is the latest Las Vegas Strip casino to close thanks to Covid-19, “temporarily.” (Well, none of the closures has been permanent but there are different degrees of temporary-ness, MGM Resorts … Continue reading
Posted in Alabama, Atlantic City, Caesars Entertainment, Connecticut, Cosmopolitan, Detroit, Dining, Foxwoods, Health, Las Vegas Raiders, Las Vegas Sands, Louisiana, Massachusetts, MGM Resorts International, Michigan, Mississippi, Mohegan Sun, New Jersey, New York, Penn National, Sports, The Strip, Tribal
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Gambling approved in Virginia, ixnayed in Louisiana
Gambling’s fate in Virginia now rests in Gov. Ralph Northam‘s hands, as the General Assembly has sent a casinos-and-sports-betting bill to his desk. In an eleventh-hour compromise to preserve the legislation, betting on Virginia collegiate teams will be forbidden, a … Continue reading
Posted in Internet gambling, Japan, Louisiana, Marijuana, Money laundering, Oklahoma, Philippines, Politics, Sports betting, Taxes, Tribal, Virginia
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Butler rips Lamont; Tribe supplicates Trump
Sports betting could die in Connecticut, thanks to a stalemate between Gov. Ned Lamont (D, pictured) and the state’s gaming tribes. Speaking for the latter, Mashantucket Pequot Chairman Rodney Butler accused the governor of a “take-it-or-leave-it” negotiating stance. Butler and … Continue reading
Posted in Caesars Entertainment, Churchill Downs, Connecticut, Donald Trump, DraftKings, FanDuel, Foxwoods, Genting, IGT, Illinois, International, Kentucky, Konami, Las Vegas Sands, Law enforcement, Lotteries, Louisiana, Massachusetts, MGM Resorts International, New York, Politics, Rhode Island, Sports betting, Technology, Tribal, Wynn Resorts
2 Comments
Bennett returns, Aguilera leaves, Adelsons idolized
The Las Vegas Strip will be blessed for three nights in August, as Tony Bennett returns to The Venetian. He’ll play the 12th, 14th and 15th, with an assist from Antonia Bennett. Tickets start at $50, with a portion of … Continue reading
Posted in Aristocrat, Boyd Gaming, CityCenter, Entertainment, Florida, Health, history, IGT, Indiana, Las Vegas Sands, Louisiana, Macau, Maine, Marijuana, MGM Resorts International, Oregon, Planet Hollywood, Problem gambling, Scientific Games, Scott Butera, Sheldon Adelson, Shuffle Master, Singapore, Sports, Sports betting, Technology, The Strip, Tribal, Wisconsin
1 Comment
Reeg savages Caesars; Catskills rescue plan
Having rashly committed $500 million in reinvestments to the Louisiana market (he’ll have to build whole new casinos to spend that much), Eldorado Resorts CEO Tom Reeg has to make those forfeited savings back somewhere. Potential sales of Caesars Entertainment‘s … Continue reading
Posted in Alaska, Animals, Caesars Entertainment, Conventions, Donald Trump, Economy, Eldorado Resorts, Election, Entertainment, Foxwoods, Genting, Internet gambling, Japan, Las Vegas Sands, Lotteries, Louisiana, Marketing, Massachusetts, New Jersey, New York, Planet Hollywood, Resorts World LV, Sexual misconduct, Sports betting, The Rio, The Strip
1 Comment
Life’s good if you’re Boyd; Caesars fire sale threatened
Boyd Gaming‘s share price got a bump from JP Morgan analyst Joseph Greff, who wrote “We continue to believe BYD is well positioned in both U.S. regional gaming markets as well as the LV Locals market.” Since Boyd is ahead … Continue reading
Crime pays; Dream-ing big
Donald Trump granted executive clemency to four convicted criminals, three of whom had—surprise!—casino connections. Steve Wynn‘s money man Michael Milken benefited from the support not of the tainted Wynn but of Sheldon Adelson. (Mirage Resorts was financed with junk bonds, … Continue reading
Posted in Alaska, Architecture, Caesars Entertainment, Dining, Downtown, Health, International, Las Vegas Raiders, Law enforcement, Lotteries, Louisiana, Macau, Massachusetts, North Las Vegas, Oklahoma, Reno, Sheldon Adelson, Sports betting, Steve Wynn, The Strip, Transportation, Tribal, Virgin Hotels
1 Comment
Pritzker whistles past graveyard, Ivey more cautious
Casino revenue in Illinois last year was down 1.5% from 2018—and 17% from 2012, the seventh consecutive year of declines. Despite this empirical evidence, Gov. J.B. Pritzker (D) and his commissars for optimism remain hellbent on casino expansion, believing that … Continue reading
Posted in Alabama, Election, Health, Illinois, Law enforcement, Lotteries, Louisiana, Missouri, Penn National, Politics, Slot routes, Taxes, Tribal
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The new China syndrome
Junket operators and gaming companies in Macao are donating $22.5 million to help find a coronavirus cure. Good on them. Would that we could say half that about the government of China, which has bungled a localized virus into a … Continue reading
Posted in Caesars Entertainment, China, CityCenter, Election, Entertainment, Health, Japan, Las Vegas Sands, Louisiana, Macau, Nevada, Oklahoma, Penn National, Rush Street Gaming, South Korea, Sports, Sports betting, The Strip, Tribal, Wynn Resorts
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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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Eldorado gets one state closer; Banditry in Arizona
Check Louisiana off the list of states giving the thumbs-up to the Eldorado Resorts takeover of Caesars Entertainment. CEO Tom Reeg had to assure regulators that the company would invest $500 million (there goes that highly touted half-billion cost savings) in … Continue reading
Springfield: The boss hits town
After a worst-month-ever December at MGM Springfield, company CEO Jim Murren has apparently had enough. He flew into Springfield today to put a bit of stick about, as the Brits would say. His ostensible purpose is to hang out with the … Continue reading
Posted in Baseball, Boyd Gaming, Caesars Entertainment, Churchill Downs, Eldorado Resorts, Entertainment, GLPI, history, Louisiana, Maryland, Massachusetts, MGM Resorts International, Movies, Penn National, Sports, Sports betting, The Strip
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Mohegan Sun in, Hard Rock out; Hoosiers crave sports betting
In a shocking upset, “a source close to the matter” reports that Hard Rock International has been turned down for the Hellenikon megaresort development in Greece. That means the winning bidder is Mohegan Sun. Hard Rock was apparently faulted both … Continue reading
Encore owns Massachusetts; Harrah’s Reno (almost) sold
Massachusetts gaming-revenue numbers are out and Encore Boston Harbor is the story. It’s got 65% market share and $1.75 million casino win per day. MGM Springfield is far behind, with 19% market share and 600 dimes win per day, with … Continue reading
Posted in Caesars Entertainment, CityCenter, history, Kansas, Louisiana, Massachusetts, MGM Resorts International, Missouri, Oklahoma, Penn National, Problem gambling, Reno, The Strip, Twin River, Wall Street, Wynn Resorts
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Big MGM payday; Halting casino extortion; Wynn scammed
Betting the farm on Japan, CEO of MGM Resorts International Jim Murren has realized his goal of selling MGM Grand and Mandalay Bay. The price was a sweet $4.6 billion it will only cost MGM $292 million a year to lease … Continue reading
Posted in Caesars Entertainment, Eldorado Resorts, Environment, Hard Rock International, Indiana, Japan, Law enforcement, Louisiana, Macau, Massachusetts, Maverick Gaming, MGM Resorts International, Ohio, Penn National, Philippines, Spectacle Entertainment, Sports betting, Taxes, The Strip, Wynn Resorts
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End-of-Year Case Bets
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
China’s credit bubble; Ocean Resort’s secret formula
China gamblers may be playing today at the expense of tomorrow. Bloomberg reports that Generation Z is borrowing heavily in high-interest debt to fuel its consumerism, a phenomenon that should be of concern in Macao. “Household debt hit levels of … Continue reading
Posted in Atlantic City, Boyd Gaming, China, Culinary Union, DraftKings, Economy, Eldorado Resorts, Internet gambling, Louisiana, Macau, Massachusetts, MGM Resorts International, New Hampshire, Ocean Resort, Oklahoma, Regulation, Scott Butera, Sexual misconduct, Sports betting, Station Casinos, Steve Wynn, Tribal, Wynn Resorts
1 Comment
Louisiana stagnant, Michigan a sports-betting go
An extra weekend day didn’t do bupkis for Louisiana, where November gaming revenues ($205 million) were flat with last year’s. The good news is that Baton Rouge, so troubled a market, was incrementally higher than in 2018. Eldorado Resorts‘ Belle … Continue reading
Posted in Boyd Gaming, Caesars Entertainment, China, Churchill Downs, Detroit, Economy, Eldorado Resorts, GLPI, Indiana, Internet gambling, Louisiana, Macau, Michigan, Movies, New Jersey, Penn National, Pennsylvania, Sexual misconduct, Sports betting, Taxes, Tilman Fertitta, Tribal, Wall Street
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DeSalvio dispatched to Catskills; Stevens thinks big
Former Encore Boston Harbor prexy Robert DeSalvio didn’t have to cool his heels for long. He’s just (the news broke two hours ago) been named president of Genting New York, ousting Ryan Eller. As his title implies, DeSalvio will be … Continue reading
Posted in Derek Stevens, Detroit, Downtown, Genting, International, Internet gambling, Iowa, Louisiana, Michigan, Movies, New York, Palms, Sports, Sports betting, Station Casinos, Taxes, Wall Street, Warner Gaming
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