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Category Archives: Maryland
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
Stitt, tribes going to the wire; California card rooms slammed
Oklahoma Gov. Kevin Stitt (R) is escalating his rhetoric in his war with the Sooner State’s casino tribes. He says they’ll be operating gambling “illegally” starting on New Year’s Day. But his verbal volley wasn’t aimed at tribes so much as … Continue reading
Posted in California, Downtown, Japan, Law enforcement, Maryland, Money laundering, Oklahoma, Politics, Regulation, Taxes, Tribal
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Illinois up, Maryland flat, Palms sued
Enjoy it while it lasts, Illinois. Gaming revenues shot up 8%, a welcome bit of good news. One extra weekend day surely helped although we find it hard to believe that entirely accounts for the variance. The overall gross was … Continue reading
Posted in Boyd Gaming, Caesars Entertainment, Churchill Downs, CityCenter, Cordish Co., Eldorado Resorts, Entertainment, FanDuel, GLPI, Golden Gaming, Illinois, Law enforcement, Maryland, MGM Resorts International, Palms, Penn National, Phil Ruffin, Sports, Sports betting, Station Casinos, Tilman Fertitta, Virginia, West Virginia
1 Comment
Norment’s Torment; New hope for Cal-Neva
Virginia state Sen. Tommy Norment (R) hasn’t been paying attention to the performance of MGM National Harbor. Placing a resort casino in northern Virginia would be, he says, “complete folly.” Instead, Old Virginny will have to put its hopes on … Continue reading
Posted in Caesars Entertainment, Canada, Dubai, Economy, history, Horseracing, International, Lake Tahoe, Law enforcement, Lotteries, Maryland, MGM Resorts International, Money laundering, New York, Ohio, Politics, Problem gambling, Resort fees, Sports, Sports betting, Taxes, The Strip, Tilman Fertitta, Transportation, Tribal, Virginia
1 Comment
MGM Nat’l Harbor takes a hit; Venetian revises restaurant row
Just when MGM National Harbor looked impervious to market forces it hit an October speed bump. Gaming revenues tumbled 18.5% to $60 million. The Free State was down 9% as a whole. MGM got hammered at the tables, plunging 36%, … Continue reading
Posted in Caesars Entertainment, Churchill Downs, Cordish Co., Cosmopolitan, Dining, Genting, Golden Gaming, International, Internet gambling, Las Vegas Sands, Maryland, MGM Resorts International, Mohegan Sun, Penn National, South Korea, Sports, The Strip, West Virginia, William Hill
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Massachusetts Expansion urged; Murren backs right horse
Blowing through all the economic red lights, Massachusetts state Rep. Susan Williams Gifford (R) is putting the pedal to the metal on a bill that would create a special casino category for her district, which includes Wareham. Oh-so-coincidentally, that is where … Continue reading
Posted in Australia, Culinary Union, Dining, Election, Illinois, Internet gambling, Law enforcement, Maryland, Massachusetts, MGM Resorts International, Nevada, Politics, Regulation, Sports, Sports betting, Technology, Tribal, Washington State
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The Drew makes bold promises; GLPI gleeful
Steven Witkoff buried the lead when announcing that Bobby Baldwin had been called out of retirement to become CEO of The Drew. Witkoff’s PR peeps said that the project was in “final preparations for construction,” which is the first movement … Continue reading
Posted in Ameristar, Caesars Entertainment, California, CityCenter, Detroit, DFS, Dining, Fontainebleau, G2E, GLPI, history, Las Vegas Sands, Lotteries, Louisiana, Macau, Maryland, Michigan, Politics, Sports betting, Taxes, The Strip, Tribal, Vdara Death Ray, Wall Street
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MGM: Everything must go
MGM Resorts International reported 3Q19 results and they were good enough to make the lion roar. Macao contributed $738 million, a 22% surge reflecting the ramp-up of MGM Cotai surely with $80 million in revenue. Also, CityCenter may be sucking … Continue reading
Posted in Atlantic City, Caesars Entertainment, CityCenter, Detroit, Eldorado Resorts, Golden Gaming, Macau, Maryland, Massachusetts, Melco Resorts & Entertainment, MGM Resorts International, New York, Ohio, Philippines, Sports, Sports betting, The Strip
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Massachusetts: No more casinos; Gilbert sells again
Citing an obvious saturation (already) in the Massachusetts market and the possibility of a tribal casino in Taunton or on Martha’s Vineyard, the Massachusetts Gaming Commission punted the award of the state’s final casino license into the indefinite future. In … Continue reading
Posted in Atlantic City, Caesars Entertainment, Dan Gilbert, Donald Trump, Genting, Indiana, International, Internet gambling, Las Vegas Sands, Maryland, Massachusetts, Neil Bluhm, Ohio, Penn National, Politics, Problem gambling, Racinos, Regulation, Singapore, Tribal
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Biden lobbies Station; Important victory for Flynt, casinos
George GOP donor Frank Fertitta III is unlikely to put missives from Joe Biden at the top of his in-box. Thus it was more of a theatrical gesture than a substantive negotiation when Biden wrote to the Fertitta, in an open … Continue reading
Quote of the Day
“Our children are the living messages we send to a future we will never see. The question is how will we send them into that future.”—Rep. Elijah Cummings (D), 1951-2019
Should we ban Steve Wynn?; Caesars vote set
Perhaps anticipating the expiration of Steve Wynn‘s noncompete agreement with Wynn Resorts, the Nevada Gaming Control Board has filed a complaint against El Steve in court, saying he brought “discredit” upon the state of Nevada, reports KTNV-TV. Could this be … Continue reading
Posted in Caesars Entertainment, California, Carl Icahn, Cordish Co., Dining, Economy, Eldorado Resorts, Environment, Hard Rock International, history, Las Vegas Raiders, Louisiana, Marketing, Maryland, Massachusetts, Mohegan Sun, Regulation, Sexual misconduct, Steve Wynn, Tribal, Wall Street, Wynn Resorts
2 Comments
Hard Rock debacle; Mohegan Sun reaches from Grecian sky
When I first heard the phrase “Hard Rock Hotel collapse” over the weekend, I thought something had gone awry in the final stages of Hard Rock Hollywood, set to open Oct. 24. But no, it was a Hard Rock project … Continue reading
Posted in Architecture, Cordish Co., Hard Rock International, International, Law enforcement, Louisiana, Maryland, Mohegan Sun
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MGM beats Maryland malaise
Maryland officially hit the saturation point last month, as revenues dipped 1%. MGM National Harbor ($58 million) wasn’t hurting, up 6%—with slots and table games gaining equally—and with 40.5% market share. Maryland Live ($48 million) was second with 33.5% but … Continue reading
Posted in Boyd Gaming, Caesars Entertainment, Churchill Downs, Cordish Co., Dan Gilbert, Eldorado Resorts, GLPI, Golden Gaming, Hard Rock International, Horseracing, Illinois, Maryland, MGM Resorts International, Ohio, Penn National, Racinos, West Virginia
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Two wins for Wynn; Fewer jobs in Atlantic City
Encore Boston Harbor continues to dominate the Massachusetts scene, with 61% of market share, compared to 25% (not bad) for MGM Springfield, the rest going to Plainridge Park. Encore grossed $85.5 million last month, MGM did $21 million and Plainridge … Continue reading
Posted in Atlantic City, Colorado, DFS, Economy, Maryland, Massachusetts, MGM Resorts International, Oklahoma, Penn National, Resort fees, Sexual misconduct, Sports betting, The Strip, Tribal, Unite-Here, Wynn Resorts
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Wall Street: The Strip is all right; Rivals pile into Waukegan
JP Morgan analyst Joseph Greff has just returned from a two-day field trip to Las Vegas. His overall reaction was “incrementally positive.” He said he sensed “a fairly steady trend line in terms of overall spend and net revenue performance.” … Continue reading
Posted in Boyd Gaming, Caesars Entertainment, Churchill Downs, Conventions, Dan Gilbert, Dan Lee, Detroit, Dining, Entertainment, Full House Resorts, Illinois, Japan, Las Vegas Raiders, Las Vegas Sands, Macau, Marketing, Maryland, MGM Resorts International, Ohio, Palms, Penn National, Resort fees, Rush Street Gaming, Sahara, Sports betting, The Strip, Tribal, Wall Street, Warner Gaming, Wisconsin
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Maryland good, Illinois becalmed, MGM furious
Maryland‘s casino industry showed continued health last month, up 5.5%. MGM National Harbor had 40.5% of market share while Maryland Live corralled 34.5% of trade. MGM grossed $62.5 million, with low-tax table games up 10% as opposed to only 4% … Continue reading
Posted in Boyd Gaming, Caesars Entertainment, Connecticut, Cordish Co., Eldorado Resorts, GLPI, Golden Gaming, Hard Rock International, Illinois, International, Internet gambling, Las Vegas Raiders, Las Vegas Sands, Law enforcement, Lotteries, Macau, Maryland, Mohegan Sun, Penn National, Pennsylvania, Regulation, Rush Street Gaming, Slot routes, South Dakota, Sports, Wall Street, West Virginia
1 Comment
Encore vanquishing competition; Newcomers dominate Atlantic City
Encore Boston Harbor, the best-smelling casino on the East Coast, had a crushing month, its first full one of operation. Its $48.5 million in revenue accounted for 60% of all Massachusetts gaming revenues. That breaks down as almost $1.6 million/day … Continue reading
Posted in Atlantic City, Boyd Gaming, Caesars Entertainment, Churchill Downs, Connecticut, Detroit, Eldorado Resorts, Entertainment, Foxwoods, Greenwood Racing, Hard Rock International, Internet gambling, Marketing, Maryland, Massachusetts, MGM Resorts International, Mohegan Sun, Ocean Resort, Penn National, Pennsylvania, Rhode Island, Rush Street Gaming, Sports, Sports betting, Tilman Fertitta, Tribal, Wynn Resorts
2 Comments
Maryland just fine; Next stop, Hartford?
Gaming revenues were up 2% last month in Maryland, good for $149 million. $61 million of that was won by MGM National Harbor (+4%). Market share was dominated by MGM (41%) and Maryland Live (33%). The Cordish Gaming property grossed $49 … Continue reading
Posted in Australia, Caesars Entertainment, Churchill Downs, Connecticut, Cordish Co., Cretins, Crown Resorts, e-sports, Foxwoods, International, Internet gambling, Macau, Maryland, MGM Resorts International, Mohegan Sun, Penn National, Politics, Problem gambling, Sports betting, Wall Street, West Virginia
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Wynn, Station disappoint Wall Street
JP Morgan analyst Joseph Greff took a look at Wynn Resorts‘ second-quarter numbers and deemed them “a mixed bag.” The good news: Cash flow in Las Vegas, expected to be $109 million, manifested itself at $137 million. The sorta-bad news: There … Continue reading
Posted in Economy, Golden Gaming, Macau, Maryland, Massachusetts, Palms, Slot routes, Station Casinos, The Strip, Tribal, Wall Street, Wynn Resorts
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