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- Ray Lebowski on Sibella scandal spreads; Supremes forestall Seminoles
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Category Archives: Macau
NFL bettors sacked; Strip resort folds; Caesars plan panned
Life at S&G HQ is seriously clouded by the critical illness of a beloved fur baby. Nevertheless, we shall endeavor to gather our thoughts, starting with the consequences for bettors of the life-threatening Damar Hamlin injury on Monday Night Football. … Continue reading
Posted in Arizona, Atlantic City, Caesars Entertainment, Chicago, Derek Stevens, DraftKings, Economy, Entertainment, Failsinos, FanDuel, Florida, Genting, Georgia, Hard Rock International, Horseracing, International, Las Vegas Sands, LVCVA, Macau, MGM Resorts International, Nebraska, New Jersey, New York, Ohio, PointsBet, Politics, Racinos, Riviera, Rush Street Gaming, Sports, Sports betting, The Strip, Tribal, TV, Wall Street, Wynn Resorts
1 Comment
MGM: Change partners and dance; 888 TKO’d
It’s Blackstone Group out, Vici Properties in at MGM Grand and Mandalay Bay, as Vici exercised its option over the half (OK, 49.9%) that it didn’t already own. Blackstone is $2.8 billion richer as a result, including $700 million in … Continue reading
Posted in Alabama, Arizona, Atlantic City, Bally, BetMGM, Boyd Gaming, Caesars Entertainment, California, Canada, Conventions, DraftKings, Economy, Election, FanDuel, Florida, Genting, Golden Nugget, Internet gambling, Iowa, Las Vegas Raiders, Las Vegas Sands, Macau, Maryland, MGM Resorts International, Michael Gaughan, Nebraska, Politics, Puerto Rico, Racinos, Real Estate, Regulation, Sports betting, Taxes, Texas, The Strip, Tilman Fertitta, Tourism, Tribal, Vici Properties, Virginia, Wall Street, WInd Creek
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Strip flattens, LV locals rebound; Hyatt’s Vegas Dream
That great Las Vegas recovery on the Strip suddenly flattened in October but new signs of vitality were evident in the local-gambler sphere. Las Vegas Strip casinos grossed $706 million, almost dead-even with the year before. Locals-derived win, meanwhile, surged … Continue reading
Posted in Bally, Boulder Strip, California, Chicago, Downtown, Gary Goett, International, Internet gambling, Lake Tahoe, Laughlin, LVCVA, Macau, Maryland, Massachusetts, Mesquite, North Las Vegas, Resorts World LV, Sports betting, The Strip, Transportation, Warner Gaming, Wendover
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Wynn cools Massachusetts; China: “Dance, monkey, dance!”
Casinos in Massachusetts mostly did well last month, especially by pre-pandemic standards (+24%). Unfortunately, none of that lift came from Encore Boston Harbor, which had a disappointing October, down 1% and grossing $62 million. By contrast, MGM Springfield (above) impressed … Continue reading
Posted in Atlantic City, Bally, Baseball, California, China, Galaxy Entertainment, Genting, Hard Rock International, Las Vegas Sands, Macau, Massachusetts, MGM Resorts International, Nevada, Ocean Resort, Ohio, Penn National, Politics, Regulation, Sports betting, Tribal, Wall Street, Wisconsin, Wynn Resorts
2 Comments
Wynn impresses; Curse of the Mummy’s Tomb; Culinary bombs
Wall Street analysts were across-the-board upbeat on Wynn Resorts‘ 3Q22 performance, as high-end casinos in Las Vegas continue to flourish. Although he categorized himself as “neutral,” given the evolving situation in Macao, analyst Joseph Greff of J.P. Morgan encapsulated third-quarter … Continue reading
Posted in Apollo Management, Boyd Gaming, Caesars Entertainment, California, Century Casinos, China, Culinary Union, Economy, Election, Failsinos, history, International, Internet gambling, Macau, Massachusetts, Mattress Mack, Missouri, New York, Penn National, Sheldon Adelson, Sports betting, Steve Wynn, The Strip, Tilman Fertitta, Tribal, Wall Street, Wynn Resorts
2 Comments
Atlantic City beat; MGM Cotai padlocked; Adelson buys Abbott
“Did Bally’s open a casino in Atlantic City and forget to tell anyone about it?” So asks our East Coast correspondent. “This is Bally’s yesterday (Sunday). A few casinos here would have more customers during a snow storm than this.” … Continue reading
Station accentuates positives; Wynn gets richer, Adelson poorer
Do Station Casinos execs really want to double their footprint in seven years? Yesterday they reported flat 3Q22 revenues of $414.5 million, all but $3 million of which were Vegas-derived, unwittingly highlighting the company’s exposure to a single market. Company … Continue reading
Posted in Bally, Boulder Strip, Caesars Entertainment, California, Charity, Downtown, e-sports, Economy, Election, Galaxy Entertainment, Hard Rock International, International, Internet gambling, James Packer, Las Vegas Sands, Louisiana, Macau, MGM Resorts International, New Jersey, Pansy Ho, Real Estate, Sports betting, Station Casinos, Steve Wynn, The Strip, Wall Street, World Series of Poker, Wynn Resorts
1 Comment
Las Vegas Sands blossoms in Singapore, challenged in NYC
Cash flow at Vegas-less Las Vegas Sands during the third quarter came in far above Wall Street‘s expectations, driven by “accelerating” business at Marina Bay Sands. As Credit Suisse analyst Ben Chaiken reported, “Macau is still largely uncertain pending the … Continue reading
Posted in Caesars Entertainment, China, Failsinos, Health, Las Vegas Sands, Macau, New York, Singapore, The Strip, Tilman Fertitta, Tourism, Wall Street
1 Comment
Atlantic City update; G2E convenes; Penn upgrades
Happy Indigenous Peoples Day, especially to our tribal readers. We’re spending it nursing a nasty case of strep throat and distantly following Global Gaming Expo, which convenes today at the newly expanded Las Vegas Convention Center. This year’s G2E, like … Continue reading
Posted in Atlantic City, Australia, Bally, BetMGM, Caesars Entertainment, Culinary Union, Dan Lee, Dining, DraftKings, FanDuel, G2E, Genting, GLPI, Golden Nugget, Health, Illinois, Kazuo Okada, Law enforcement, M Resort, Macau, MGM Resorts International, New York, Ocean Resort, Ohio, Penn National, Philippines, PointsBet, Regulation, Rush Street Gaming, Sports betting, Star Entertainment, Station Casinos, Taxes, Technology, Tilman Fertitta, Wall Street, Wynn Resorts
1 Comment
Steve Wynn is so busted; Murder at Ocean Resort
Angry Florida man Steve Wynn will have to face the consequences of carrying the ChiComms’ water. Having spurned a settlement in the Justice Department’s lawsuit for failing to register as a foreign agent, he could very well find himself a … Continue reading
Voyage to Vegas, Part Two
Today we conclude our review of Deutsche Bank analyst Carlo Santarelli‘s recent field trip to Las Vegas. We resume with Station Casinos, which seems to be accelerating its development timetable. Once it gets Durango Station up and running, it will … Continue reading
Posted in Australia, Bally, Baseball, Caesars Entertainment, California, Canada, Economy, Golden Gaming, Las Vegas Sands, Laughlin, Macau, Maryland, Maverick Gaming, Melco Resorts & Entertainment, MGM Resorts International, Money laundering, Nevada, Phil Ruffin, Scientific Games, Slot routes, Sports betting, Station Casinos, The Strip, TV, Wall Street, Washington State, Wynn Resorts
3 Comments