Category Archives: Massachusetts

Strip outstrips Nevada; Trouble for Resorts World

Posted on December 27, 2018 by David McKee

Business was booming last month on the Las Vegas Strip. Gaming revenues shot up 10% to $534.5 million. Statewide, the increase was 6.5% to $967 million. Driving those Strip numbers was a mind-boggling 53% explosion in baccarat win on 26% … Continue reading →

Posted in Architecture, Boulder Strip, Downtown, Economy, Genting, Lake Tahoe, Laughlin, Massachusetts, Mesquite, Nevada, North Las Vegas, Reno, The Strip, Wall Street, Wynn Resorts | Comments Off

Dover Downer; Pilgrims rally to Wampanoags’ side

Posted on December 26, 2018 by David McKee

With an audible “Bah, humbug!”, Dover Downs became the first Delaware racino to operate on Christmas Day. While CEO Denis McGlynn claimed “This was not something we’ve been pushing hard for,” in his negotiations with the state, he didn’t hesitate to … Continue reading →

Posted in Delaware, history, International, Massachusetts, MGM Resorts International, Politics, Racinos, Rush Street Gaming, Scientific Games, Technology, Tribal | Comments Off

Vegas ranks high for New Year’s Eve; MGM Springfield initiates bus service

Posted on December 10, 2018 by David McKee

WalletHub is out with a New Year’s Eve survey that ranks Las Vegas as the fifth-best city in which to celebrate the holiday, New York City (of course) led the list, followed by Los Angeles, Atlanta (see, we need casinos … Continue reading →

Posted in Atlantic City, California, Connecticut, Foxwoods, Georgia, Japan, Lawrence Ho, Marketing, Massachusetts, Melco Resorts & Entertainment, MGM Resorts International, Mohegan Sun, New Hampshire, New York, Philippines, Problem gambling, Reno, Sports, The Strip, Transportation, Tribal | Comments Off

Ruffin over Miami; Satre to state Wynn’s case

Posted on December 10, 2018 by David McKee

“I look forward to entering the Miami gaming market through this acquisition. We have exciting plans for Casino Miami that we will be revealing in the near future.” With those words Phil Ruffin took possession of the $155 million casino, … Continue reading →

Posted in Election, Florida, International, Internet gambling, Las Vegas Sands, Macau, Massachusetts, MGM Resorts International, Mohegan Sun, New Jersey, New York, Phil Ruffin, Politics, Regulation, Seminole Tribe, Sexual misconduct, Sports betting, Steve Wynn, Wall Street, Wynn Resorts | Comments Off

Las Vegas approaches record height; José Andres hailed

Posted on November 29, 2018 by David McKee

Despite stagnant revenues on the Las Vegas Strip, the state of Nevada is enjoying its best year for gaming revenue in a decade. This is translating to leading economic indicators such as home prices (up 5%) and consumer confidence (6% … Continue reading →

Posted in Arizona, Baseball, Charity, Dining, Economy, International, Massachusetts, MGM Resorts International, Nevada, Sports, Sports betting, The Strip, Wynn Resorts | Comments Off

Uncle Sam wants your sports bet; Strip outperforms Nevada

Posted on November 27, 2018 by David McKee

Credit Suisse analyst Cameron McKnight had an ominous take on sports betting, as regards federal intervention and “integrity fees.” “Federal action on sports betting sounds more likely, though our contacts disagree on scope,” he warned, adding, “On integrity fees, we … Continue reading →

Posted in Boulder Strip, DFS, Downtown, Economy, Illinois, Lake Tahoe, Laughlin, Mandalay Bay Massacre, Massachusetts, Mississippi, Nevada, New Jersey, New York, North Las Vegas, Sports betting, The Strip, Transportation, Wall Street | Comments Off

Slow news day

Posted on November 21, 2018 by David McKee

Effects of MGM Springfield on Connecticut tribal casinos are starting to show. To view the glass as half-empty, slot revenues at Mohegan Sun were down 17.5% last month and 15.5% lower at Foxwoods Resort Casino. The glass-half-full perspective is that … Continue reading →

Posted in Atlantic City, Connecticut, Foxwoods, Internet gambling, Massachusetts, MGM Resorts International, Mohegan Sun, Regulation, Sexual misconduct, Sports betting, Steve Wynn, Technology, Wynn Resorts | Comments Off

Trop defies Atlantic City odds; Massachusetts underachieves

Posted on November 16, 2018 by David McKee

October was good for Atlantic City‘s new casinos, with the overall market up 8%, but bad for the incumbents, down 11.5%. Terrestrial gambling win totaled $200.5 million, with mixed messages all over the place. Slot win was up 5% but … Continue reading →

Posted in Atlantic City, Australia, Boyd Gaming, Bruce Deifik, Caesars Entertainment, Charity, Churchill Downs, Connecticut, Dan Gilbert, Detroit, Eldorado Resorts, Georgia, GLPI, Greenwood Racing, Hard Rock International, International, Internet gambling, Isle of Capri, Las Vegas Sands, Louisiana, Massachusetts, MGM Resorts International, Mohegan Sun, New Jersey, Penn National, Rush Street Gaming, Scientific Games, Sports, Sports betting, Tilman Fertitta, Tropicana Entertainment, Wall Street | 2 Comments

Sports betting a ‘go’ in Rhode Island; Reefer gladness in Vegas

Posted on November 16, 2018 by David McKee

Getting a leg up on Massachusetts, casinos in Rhode Island will start taking sports bets in a week or so. Workers are putting the finishing touches on Twin River Casino‘s new sports book. Tiverton Casino Hotel will follow at some … Continue reading →

Posted in Baseball, Caesars Entertainment, Dining, Election, International, Marijuana, Massachusetts, New Hampshire, Pets, Rhode Island, Sheldon Adelson, Sports, Sports betting, Taxes, The Strip, TV | Comments Off

Greektown sold; Resorts World Catskills gets cash infusion

Posted on November 14, 2018 by David McKee

Due to its presence in the Detroit market as operator of Caesars Windsor, it’s not possible for Caesars Entertainment to own a casino in Motown. But nobody said anything about its REIT, Vici Properties. The latter is teaming with Penn National Gaming … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, California, Dan Gilbert, Detroit, Eldorado Resorts, Election, Genting, Internet gambling, Massachusetts, Mohegan Sun, New Jersey, New York, Penn National, Pennsylvania, Pinnacle Entertainment, Regulation, Sheldon Adelson, Sports betting, Steve Wynn, Wynn Resorts | Comments Off

Stasis in Missouri; Steve Wynn’s got a secret

Posted on November 13, 2018 by David McKee

Missouri casinos grossed $138 million last month, essentially flat with 2017. The big winner was Eldorado Resorts, up 19% at Lumiere Place (shown, $13 million) but 9% lower at Isle of Capri Kansas City ($5 million). Boyd Gaming had an inauspicious … Continue reading →

Posted in Affinity Gaming, Ameristar, Boyd Gaming, Economy, Eldorado Resorts, Galaxy Entertainment, International, Iowa, Isle of Capri, Las Vegas Sands, Macau, Massachusetts, Melco Crown Entertainment, MGM Resorts International, Missouri, Penn National, Regulation, Sociedade de Jogos de Macau, Steve Wynn, Wynn Resorts | 1 Comment

Tribal gaming bigger than ever; Sessions out in D.C.

Posted on November 8, 2018 by David McKee

There’s been a round-robin at Seminole Gaming. The chair left vacant by Joe Lupo at Seminole Hard Rock Hotel & Casino Tampa will be filled by Seminole Casino Coconut Creek President Steve Bonner, a 16-year veteran of Coconut Creek. General Manager Larry Buck … Continue reading →

Posted in Atlantic City, Caesars Entertainment, California, Colorado, Economy, Florida, Las Vegas Sands, Marijuana, Marketing, Massachusetts, MGM Resorts International, Mohegan Sun, Nevada, Oklahoma, Regulation, Scientific Games, Seminole Tribe, Steve Wynn, The Strip, Tribal, Vermont, Wynn Resorts | Comments Off

Promising horizon for Penn; Frissora exiting Caesars

Posted on November 2, 2018 by David McKee

Penn National Gaming came in from 3Q18 below Wall Street‘s expectations but JP Morgan analyst Joseph Greff defends the company, citing high expectations of free cash flow in 2019 (12%) and 2020 (20%), even after capex reinvestments. The addition of … Continue reading →

Posted in Atlantic City, Caesars Entertainment, Centaur Gaming, Dan Gilbert, Economy, Illinois, Lucky Dragon, Macau, Marketing, Massachusetts, Mississippi, Ohio, Pennsylvania, Sports betting, Tilman Fertitta, Wall Street, West Virginia | Comments Off

Quote of the Day

Posted on November 1, 2018 by David McKee

“This is a tremendous blow to our tribe, without whom America’s earliest settlers would not have survived. It should also alarm tribal nations all across Indian Country. I do not believe that our country — this great nation that our tribal citizens … Continue reading →

Posted in Current, Massachusetts, Tribal | Comments Off

MGM: The lion meows; Nevada sets sports-betting record

Posted on October 31, 2018 by David McKee

“Good quarter against low expectations” pretty well summarizes Wall Street‘s reaction to MGM Resorts International‘s 3Q18. (And we have to say that MGM leadership did a masterly job of minimizing anticipation well ahead of time.) JP Morgan analyst Joseph Greff admitted … Continue reading →

Posted in Economy, IGT, International, Macau, Mandalay Bay Massacre, Maryland, Massachusetts, MGM Resorts International, Nevada, Sports betting, The Strip, Wall Street | Comments Off

Massachusetts’ fate tied to Wynn’s

Posted on October 29, 2018 by David McKee

There’s light at the end of Wynn Resorts‘ tunnel in Massachusetts. Trouble is, it won’t arrive until December and it will take the form of an investigative report, nearly a year in the making, from the Massachusetts Gaming Commission (postponed … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, Cordish Co., Greenwood Racing, Harrah's, history, International, Iowa, Massachusetts, MGM Resorts International, Nebraska, Pennsylvania, Pinnacle Entertainment, Regulation, Sexual misconduct, Sports, Sports betting, Steve Wynn, Tribal, William Hill, Wynn Resorts | Comments Off

Caesars to rebuff Fertitta; No surprise, Culinary endorses Rosen

Posted on October 22, 2018 by David McKee

This just in: Credit Suisse analyst Brian McKnight reports that the Caesars Entertainment board is going to reject Tilman Fertitta‘s reverse-merger offer. However, now that Caesars is in play, McKnight doesn’t think this is the end of the story, mentioning … Continue reading →

Posted in Ameristar, Boyd Gaming, Caesars Entertainment, California, Culinary Union, Dining, Election, Harry Reid, Horseracing, Louisiana, Massachusetts, Penn National, Pinnacle Entertainment, Sports, Station Casinos, The Strip, Tilman Fertitta, Wall Street | 1 Comment

MGM Springfield disappoints; Ruffin makes peace

Posted on October 17, 2018 by David McKee

Publicizing revenue expectations is a dangerous thing. Just ask the four new casinos in upstate New York. Or Bruce Deifik in Atlantic City. When you don’t make your number (the dreaded Penn National Effect) it opens you up for no … Continue reading →

Posted in Charity, Connecticut, Culinary Union, International, Law enforcement, Macau, Massachusetts, MGM Resorts International, Penn National, Phil Ruffin, Problem gambling, Rhode Island, The Strip | Comments Off

Arkansas to vote on casinos; Baldwin leaves MGM

Posted on October 16, 2018 by David McKee

Driving Arkansas Forward, the ballot initiative to legalize casinos in Arkansas, will continue to proceed now that the Arkansas Supreme Court has slam-dunked two challenges to the referendum. Religious group Ensuring Arkansas Future claimed that the ballot language was too ambiguous … Continue reading →

Posted in Arkansas, CityCenter, Culinary Union, Election, Entertainment, Galaxy Entertainment, Macau, Massachusetts, MGM Resorts International, Neil Bluhm, Politics, Regulation, Rush Street Gaming, Sports, Tribal, Vdara Death Ray, Wynn Resorts | Comments Off

Florida amendment fading; Wynn Boston Harbor widens its appeal

Posted on October 12, 2018 by David McKee

All of Disney Worldwide Services‘ horses and all of the Seminole Tribes‘s men may not be able to get Humpty Dumpty, er, Amendment 3 past the ballot box. The amendment, which would make gaming expansion subject to direct popular vote, … Continue reading →

Posted in Architecture, Dining, Election, Entertainment, Florida, International, Internet gambling, Massachusetts, Problem gambling, Regulation, Seminole Tribe, Wynn Resorts | Comments Off