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Category Archives: Massachusetts
Smoke gets in Boston’s eyes; Penn receives important award
Shuttles for Encore Boston Harbor are stirring up some local ire, due to the fumes they generate while idling at the Wellington MBTA Station curb. This has generated the threat of a lawsuit from the Conservation Law Foundation. It’s not just … Continue reading
Posted in Atlantic City, Churchill Downs, Cosmopolitan, Derek Stevens, Downtown, Encore, Entertainment, Illinois, Japan, Massachusetts, Movies, Penn National, Rush Street Gaming, Sheldon Adelson, Sports, Sports betting, Taxes, Technology, Terry Caudill, The Mob, Transportation, Wynn Resorts
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Choo-choo to Springfield; Penn hawks Trop
Don’t despair, MGM Springfield. There’s hope yet. Massachusetts politicians are touting the idea of high-speed rail between Boston and Springfield, as many as six rides per day. (Springfield currently must get by with once-a-day Amtrak service.) Gov. Charlie Baker (R) … Continue reading
Posted in China, Connecticut, Donald Trump, Downtown, Election, Foxwoods, Indiana, Louisiana, Maine, Massachusetts, MGM Resorts International, Mohegan Sun, New Hampshire, Penn National, Pennsylvania, Rhode Island, Sexual misconduct, Sheldon Adelson, Sports betting, The Strip, Transportation, TV, Twin River, Wynn Resorts
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MGM Springfield: Deal or no deal?; More KAOS chaos
As reported earlier this week, MGM Resorts International is considering monetizing disappointing MGM Springfield via a sale to MGM Growth Properties. The company sought to reassure customers, saying the deal “focus exclusively on the transfer of real estate and have … Continue reading
Posted in Cosmopolitan, Dining, Genting, Massachusetts, MGM Resorts International, New York, Palms, Penn National, Regulation, Sam Nazarian, Station Casinos, Wynn Resorts
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Wynn misses estimates; Sports betting wins in Colorado
Wynn Resorts reported 3Q19 earnings and the headline was Macao. As J.P. Morgan analyst Joseph Greff wrote, “For the first time in a while, we feel that the tough Macau VIP segment is stabilizing/not getting worse, and mass growth there … Continue reading
Posted in China, Colorado, Dining, Election, Full House Resorts, Macau, Massachusetts, Melco Resorts & Entertainment, MGM Resorts International, Mohegan Sun, New Jersey, South Korea, Sports betting, Wall Street, Wynn Resorts
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Less KAOS, more chaos at Palms
Station Casinos has an excellent record as an operator. Why then did it misjudge its attempt to compete with the Las Vegas Strip in its takeover (and makeover) of the Palms? And while it knows its onions with regard to … Continue reading
Posted in CityCenter, Colorado, Dining, Election, Entertainment, Massachusetts, MGM Resorts International, Palms, Penn National, Real Estate, Sports betting, Station Casinos, The Strip, Wall Street
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Why does Massachusetts suck?
Did the casino industry drink its own bathwater vis-a-vis Massachusetts? The Boston Globe asks “whether the industry didn’t fully understand how tough it would be to attract gamblers in a regional market that has become increasingly competitive.” Both Encore Boston … Continue reading
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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Clarkson takes Vegas; Penn exudes confidence
It’s about time: Kelly Clarkson is coming to Las Vegas for a residency at Planet Hollywood, running from April 1 of next year through the following September. Having been on the scene for nearly 20 years (already?), Clarkson will have … Continue reading
Posted in China, Current, Economy, Entertainment, Illinois, Louisiana, Massachusetts, Penn National, Slot routes, The Strip, Wall Street, Wynn Resorts
1 Comment
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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Air guitar; Forgiveness urged for Steve Wynn
The much-anticipated opening of Hard Rock International‘s guitar-shaped hotel-casino in Hollywood, Florida, drew celebrities from Hollywood, California (Johnny Depp), as well as ones who would attend the opening of an eyelid (Kim Kardashian). Hard Rock hopes to recreate the iconic … Continue reading
Posted in Architecture, Australia, Baseball, Boyd Gaming, Caesars Entertainment, Churchill Downs, Cosmopolitan, Florida, Genting, Hard Rock International, Hooters, Illinois, International, Japan, Massachusetts, MGM Resorts International, Mississippi, Nevada, New York, Politics, Regulation, Rush Street Gaming, Scott Butera, Sexual misconduct, Sports, Sports betting, Steve Wynn, Taxes, The Strip, Tribal, Wynn Resorts
1 Comment
Big Brother challenged in Joliet
If rampant facial recognition is such a good thing, how come music festivals like Coachella and SXSW are banning it? The casino industry could take a hint from this, especially as the rejection seems to be coming from much-coveted Millennials. … Continue reading
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
“Boston will not invest in companies led by people who treat women like commodities. Reports of Ken Fisher’s comments and poor judgment are incredibly disturbing.”—Boston Mayor Martin Walsh (D), yanking $248 million in pension funds from Fisher Investments, due to Ken … Continue reading
Posted in Cretins, Massachusetts, Sexual misconduct, Wall Street
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Macao economy flounders; Massachusetts bonanza illusory
Macao got a double-barreled blast of bad news. First off, China‘s gross domestic product has slowed to growth rates not seen in almost 30 years. In fact, the R-word (“recession”) was invoked. Slow investment growth was blamed, as was the … Continue reading
Posted in Caesars Entertainment, California, Charity, China, Downtown, Economy, Foxwoods, Las Vegas Raiders, Law enforcement, Macau, Marketing, Massachusetts, MGM Resorts International, Mohegan Sun, Penn National, Politics, Technology, The Strip, Tourism, Transportation, Tribal, Wynn Resorts
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Boyd, Penn upbeat; DeSalvio leaves Encore Boston
J.P. Morgan analyst Joseph Greff continued his listening tour of Global Gaming Expo, meeting with Boyd Gaming CFO Josh Hirshberg. “We come away positive and highlight BYD’s attractive free cash flow generation and ensuing de-leveraging,” Greff reported. Despite wider concerns … Continue reading
Bellagio, Circus Circus sold
Back on Sept. 17 we reported that MGM Resorts International was dickering with Blackstone Group to sell the latter Bellagio and MGM Grand. Well, the Green Monster got left out of the transaction but MGM’s most iconic property will change hands, … Continue reading
Posted in Caesars Entertainment, Cosmopolitan, Japan, Macau, Marketing, Massachusetts, MGM Resorts International, Phil Ruffin, Sports, Steve Wynn, The Strip
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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
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Big Hoosier handle; Caudill empire expands
Indiana sports books generated $35 million in handle last month, translating to $8.5 million in revenue, taxed at 9.5%. “Indiana’s sportsbooks are in their infancy, but their ability to capitalize on the Chicago market did not take long to produce … Continue reading
Posted in AGA, Boyd Gaming, Caesars Entertainment, Derek Stevens, Diversity, Downtown, El Cortez, Eldorado Resorts, Illinois, Indiana, Massachusetts, Penn National, Real Estate, Sports betting, Taxes, Technology, Terry Caudill, The Mob, The Strip, Wayne F. Newton, Wynn Resorts
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