Category Archives: Massachusetts

Quote of the Day

Posted on May 20, 2020 by David McKee

“We’re playing this game—and it’s a real one—with the virus and the economy at the same time. And it’s really important for people to step up and recognize and understand that this game’s not over. People need to continue to use their … Continue reading →

Posted in Economy, Health, Massachusetts | Comments Off on Quote of the Day

Wynn vs. Covid-19; Louisiana casinos reopen with a bang

Posted on May 19, 2020 by David McKee

Are high-rollers immune to Covid-19? Guess so. They’re the only ones who’ll be allowed to play craps when Wynncore and Encore Boston Harbor reopen. Truth to tell, blowing on dice seems kind of creepy in the age of Coronavirus, even … Continue reading →

Posted in AGA, Boyd Gaming, Caesars Entertainment, DraftKings, Economy, Entertainment, FanDuel, Greenwood Racing, Health, Internet gambling, Louisiana, Massachusetts, Penn National, Pennsylvania, Rush Street Gaming, South Dakota, Sports betting, The Strip, Wynn Resorts | Comments Off on Wynn vs. Covid-19; Louisiana casinos reopen with a bang

July resumption for Mass casinos; Room rates rebound

Posted on May 18, 2020 by David McKee

Casinos in Massachusetts now know when they can reopen … more or less. Gov. Charlie Baker (R) has laid out of one of the toughest reopening regimens in the U.S. It will proceed in four phases, each phase—beginning today—lasting three weeks. … Continue reading →

Posted in Caesars Entertainment, California, Derek Stevens, Downtown, Economy, Entertainment, Health, Las Vegas Sands, Massachusetts, MGM Resorts International, Oscar Goodman, Penn National, Politics, Real Estate, Regulation, Station Casinos, The Strip, Tribal, Wall Street, Wynn Resorts | Comments Off on July resumption for Mass casinos; Room rates rebound

Vegas casinos can reopen, sorta; Hard Rock returns

Posted on May 15, 2020 by David McKee

Want to go back to a Las Vegas casino? Now you can. In a well-meant directive that seems to be sowing a certain amount of confusion, the Nevada Gaming Control Board stated that during the current Phase I, casinos could … Continue reading →

Posted in Caesars Entertainment, Cosmopolitan, Cretins, Dining, Economy, Georgia, Hard Rock International, Lotteries, Maryland, Massachusetts, Movies, Oregon, Penn National, Real Estate, Sahara, Steven Witkoff, The Strip, Virgin Hotels | 2 Comments

Boston buoys Wynn, Penn leans on Barstool

Posted on May 11, 2020 by David McKee

Wynn Resorts was one of three biggies to report 1Q20 results late last week and the Las Vegas Strip was the least of its problems. Wynn Las Vegas and Encore had net revenue of $324 million, down 19% from last … Continue reading →

Posted in Atlantic City, Caesars Entertainment, CityCenter, DraftKings, Economy, FanDuel, Florida, Golden Gaming, history, Illinois, Indiana, Internet gambling, Las Vegas Sands, Macau, Maine, Marketing, Maryland, Massachusetts, MGM Resorts International, Penn National, Pennsylvania, Slot routes, Sports, Sports betting, Taxes, The Strip, Tourism, Wall Street, Wynn Resorts | 3 Comments

Nevada begins reopening sooner than expected

Posted on May 8, 2020 by David McKee

What do brothels and casinos have in common? (Some would say you get screwed in both.) Neither can reopen during Phase One of Gov. Steve Sisolak‘s multi-stage resumption of business as usual in Nevada, starting tomorrow. Most of the continuing closures … Continue reading →

Posted in Caesars Entertainment, Conventions, Cretins, Dining, Economy, Entertainment, G2E, Health, Massachusetts, Nevada, Technology, The Strip, Wynn Resorts | 3 Comments

Churchill Downs curbs plans; Murren’s big payday

Posted on May 4, 2020 by David McKee

In its 1Q20 earnings call Churchill Downs announced some significant retrenchments. Although the company is comfortably liquid ($701 million in the kitty) it’s put four expansions on hold: Rivers Casino Des Plaines, an enlargement of Miami Valley Gaming, a $300 … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, Churchill Downs, Economy, Health, Horseracing, Illinois, Internet gambling, Jim Murren, Las Vegas Sands, Massachusetts, MGM Resorts International, Regulation, Sheldon Adelson, Station Casinos, Wall Street, Wynn Resorts | 1 Comment

Shakeup at MGM, layoffs at Station

Posted on May 4, 2020 by David McKee

In a late-Friday night of the long knives, MGM Resorts International let go four property presidents. The official nomenclature is “laid-off” but we strongly suspect, given MGM’s history, that this prefaces a streamlining and centralization of authority. Out the door were … Continue reading →

Posted in Boyd Gaming, California, CityCenter, Culinary Union, Economy, Las Vegas Sands, Macau, Massachusetts, MGM Resorts International, Penn National, Phil Ruffin, Station Casinos, The Strip, Wynn Resorts | 5 Comments

Fauci on sports; Churchill Downs “on track”

Posted on April 30, 2020 by David McKee

Bad news, sports bettors. Given the absence of widespread testing for Coronavirus, Dr. Anthony Fauci is backpedaling on his projections that professional sports could resume this year. (As Fauci has said elsewhere, a model is just a model; when you … Continue reading →

Posted in Australia, Baseball, Churchill Downs, Crown Resorts, Economy, GameCO, Health, International, Internet gambling, Kentucky, Lawrence Ho, Lotteries, Marijuana, Massachusetts, Melco Resorts & Entertainment, Missouri, Nevada, Pennsylvania, Regulation, Scientific Games, Sports, Technology, Wall Street, Wynn Resorts | 2 Comments

Boyd doing well; What price Vegas?

Posted on April 29, 2020 by David McKee

Boyd Gaming posted net revenues of that were down 18% for 1Q20, reflective of mid-March casino closures. JP Morgan analyst Joseph Greff termed the results ones “that reflected relatively strong trends in the first two months of the quarter.” Since … Continue reading →

Posted in Boyd Gaming, California, Churchill Downs, Cosmopolitan, Derek Stevens, Downtown, Economy, Hard Rock International, Health, Horseracing, Las Vegas Sands, LVCVA, Macau, Massachusetts, MGM Resorts International, Pennsylvania, Regulation, Resort fees, The Strip, Wall Street, Wynn Resorts | 1 Comment

Sands shakes off doldrums; MGM sitting pretty

Posted on April 23, 2020 by David McKee

Las Vegas Sands posted a Covid-19 impacted 1Q20. Room rates nudged upward year/year from $263 to $266, at 87% occupancy, resulting in a decline in revenue per available room from $249 to $199. Sands was modestly down at the tables, … Continue reading →

Posted in Atlantic City, Baseball, CityCenter, Economy, Health, Japan, Las Vegas Sands, Macau, Maryland, Massachusetts, MGM Resorts International, Ohio, Pennsylvania, Real Estate, Sheldon Adelson, Singapore, Sports, Sports betting, The Strip, Tourism, Wall Street | 2 Comments

More woes for Penn; “A slog” for Encore Boston

Posted on April 21, 2020 by David McKee

Covid-19 has claimed another casino casualty in the form of Resorts Casino Tunica. Ironically, the Penn National Gaming closure comes after an abortive March which promised to exceed the 2019 in Mississippi. Overall gaming revenues were at $110 million when … Continue reading →

Posted in Australia, California, Crown Resorts, Economy, GLPI, history, International, Massachusetts, Mississippi, Penn National, Sports betting, Taxes, Tourism, Wall Street, Wynn Resorts | Comments Off on More woes for Penn; “A slog” for Encore Boston

Internet saves Atlantic City; Hope for sports bettors

Posted on April 16, 2020 by David McKee

On March 16, both Atlantic City and Detroit closed their casinos, but the Boardwalk had it somewhat worse, down 62% in the truncated month. (The numbers suggest that visitation may have been tailing off prior to the shutdown.) Atlantic City … Continue reading →

Posted in AGA, Atlantic City, Caesars Entertainment, Detroit, DraftKings, Eldorado Resorts, FanDuel, Hard Rock International, Health, Internet gambling, Massachusetts, MGM Resorts International, Mohegan Sun, New Jersey, Ocean Resort, Penn National, Sports, Sports betting, Tilman Fertitta, Tribal, Wynn Resorts | 1 Comment

Wynn sitting pretty; Trump Plaza damned, doomed

Posted on April 8, 2020 by David McKee

Wynn Resorts can sit out a Coronavirus crisis lasting 1.4 years. That’s how much cash ($3 billion) it’s sitting upon. First-quarter revenues took a 43% hit and are expected to come in somewhere in the $912 million-$969 million range. The … Continue reading →

Posted in Atlantic City, Australia, Carl Icahn, Genting, Health, James Packer, Las Vegas Sands, Macau, Massachusetts, Politics, Regulation, Rhode Island, Singapore, Tribal, Twin River, Wall Street, Wynn Resorts | 1 Comment

Asking the Big Guy; Coronavirus: Where does it end?

Posted on April 8, 2020 by David McKee

Trading on his longstanding Republican Party connections, American Gaming Association President Bill Miller is leapfrogging the Small Business Administration and Secretary of the Treasury Steve Mnuchin, to take his case straight to Donald Trump. The problem, as we outlined yesterday, is … Continue reading →

Posted in AGA, Arizona, Baseball, California, Donald Trump, Economy, Florida, Health, Japan, Macau, Massachusetts, Nevada, New Jersey, New York, Politics, Singapore | 2 Comments

MGM: The Lion purrs; Tilman in trouble

Posted on April 8, 2020 by David McKee

JP Morgan analysts parlayed with MGM Resorts International CEO Bill Hornbuckle and CFO Corey Sanders yesterday. Reports Joseph Greff, “We come away with a favorable view and a strong appreciation for Mr. Hornbuckle’s background in casino operations (former MGM COO … Continue reading →

Posted in Cirque du Soleil, CityCenter, Economy, Foxwoods, Hooters, International, Iowa, Lotteries, Macau, Massachusetts, MGM Resorts International, Real Estate, Regulation, Scientific Games, Sports betting, Tilman Fertitta, Wall Street | 1 Comment

Maryland craters; Penn takes Trop loss

Posted on April 3, 2020 by David McKee

Free State Gov. Larry Hogan (R) having closed casinos on March 16, revenue results were predictably dire, down 58%. That’s a measly $69 million gross. MGM National Harbor booked $26 million, a 58.5% slide, with slots down 62% and tables … Continue reading →

Posted in Caesars Entertainment, Churchill Downs, Cordish Co., Detroit, Donald Trump, Economy, Eldorado Resorts, GLPI, Golden Gaming, Health, Las Vegas Sands, Law enforcement, Maryland, Massachusetts, MGM Resorts International, Penn National, Politics, Real Estate, Sheldon Adelson, Sports betting, The Strip, Wall Street, West Virginia, Wynn Resorts | 3 Comments

Sanders enters casino fray; MGM execs play the market

Posted on April 2, 2020 by David McKee

Sen. Bernie Sanders (I), perhaps in a move to reinvigorate his comatose presidential campaign, has waded into the dispute between the Trump administration and the Mashpee Wampanoag. The origin of the tribe’s newly dissolved, 321-acre reservation is clouded by tribal recognition during … Continue reading →

Posted in Donald Trump, Economy, Election, Genting, Health, history, Horseracing, Illinois, Indiana, International, Jim Murren, Massachusetts, MGM Resorts International, Michigan, Ohio, Penn National, Politics, Sports, Sports betting, Tribal, Twin River, Wall Street | 1 Comment

It’s better than it looks

Posted on April 1, 2020 by David McKee

Charlton Heston in The Omega Man would feel right at home in contemporary Las Vegas. The lights are on but literally no one’s home. Or rather, everyone’s at home, sheltering in place—except that one guy seen getting busted by Las … Continue reading →

Posted in Current, Downtown, Health, Law enforcement, Massachusetts, The Strip | 1 Comment

Case Bets & Mega-Jottings

Posted on March 30, 2020 by David McKee

Former casino operator and regulator Richard Schuetz has some very stern words for his former colleagues and their (slow) response to Coronavirus. Sample: “The point is, in many of our gaming states, there was little concern about the employees of … Continue reading →

Posted in California, Charity, Donald Trump, e-sports, Economy, Health, International, Internet gambling, Las Vegas Sands, Macau, Massachusetts, Nevada, Penn National, Real Estate, Regulation, Tribal, Wynn Resorts | Comments Off on Case Bets & Mega-Jottings