Category Archives: Mesquite

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

Dog days on the Strip

Posted on September 27, 2018 by David McKee

August numbers are in and casinos on the Las Vegas Strip tanked, down 12.5%. Credit Suisse analyst Cameron McKnight called this result “not as bad as feared,” which prompts one to wonder what a worst-case scenario would look like. The … Continue reading →

Posted in Boulder Strip, Boyd Gaming, California, Downtown, Economy, Entertainment, Florida, Lake Tahoe, Laughlin, Mesquite, MGM Resorts International, North Las Vegas, Oklahoma, Reno, Tamares Group, The Strip, Transportation, Tribal, Wall Street | 3 Comments

Pols slow to move on sports betting

Posted on August 14, 2018 by David McKee

We thought we’d check up on what some of our favorite state legislators are doing about sports betting, now that it’s theoretically legal in their state (well, it’s complicated). In New York, Assemblyman Gary Pretlow (D) intends to introduce a … Continue reading →

Posted in California, Foxwoods, Hawaii, Idaho, Iowa, Kazuo Okada, Louisiana, Mandalay Bay Massacre, Mesquite, Mohegan Sun, New York, Penn National, Politics, Sports betting, Technology, Tourism, Transportation | Comments Off

Strip strong in June

Posted on July 31, 2018 by David McKee

Las Vegas Strip casinos had a bonny June, up 5.5% and grossing $524 million. Statewide, the numbers were +4% and $933 million. The house won big at baccarat, shooting up 12% only 1% greater wagering. Non-baccarat table games posted a … Continue reading →

Posted in Boulder Strip, Downtown, Lake Tahoe, Laughlin, Mesquite, Nevada, North Las Vegas, Reno | Comments Off

Vegas’ tourism slump halts; Do the Time Warp

Posted on July 4, 2018 by David McKee

Las Vegas city fathers need to stop frowning on Electronic Daisy Carnival and embrace it. EDC saved their bacon in May, stopping a prolonged slide in Vegas visitation, which bottomed out and made the slightest of upward bounces. While occupied … Continue reading →

Posted in Arizona, Boulder Strip, Downtown, Entertainment, Florida, Lake Tahoe, Laughlin, Mandalay Bay Massacre, Mesquite, MGM Mirage, Nevada, North Las Vegas, Reno, The Strip, Tourism | Comments Off

April is the kindest month

Posted on May 31, 2018 by David McKee

Gaming grosses were up 5% on the Las Vegas Strip last month and locals casinos did spectacularly well, seeing a 14% increase. The statistics are even more impressive when you take into account one less weekend day than in 2017 … Continue reading →

Posted in Bally Technologies, Boulder Strip, Downtown, Lake Tahoe, Laughlin, Mesquite, North Las Vegas, Regulation, Reno, Taxes, The Strip, Tribal | Comments Off

Las Vegas numbers perplex; Macao shatters expectations

Posted on May 4, 2018 by David McKee

While Las Vegas, as mentioned earlier, is slogging through a 10-month visitation slump, you wouldn’t know it from March’s gaming-revenue numbers, which were 9% higher on the Las Vegas Strip ($574 million), although locals casinos took a 5% hit. Deutsche … Continue reading →

Posted in Atlantic City, Boulder Strip, Boyd Gaming, California, Colorado, Delaware, Downtown, Economy, Eldorado Resorts, Entertainment, Florida, Galaxy Entertainment, Harrah's, Illinois, Lake Tahoe, Laughlin, Macau, Melco Resorts & Entertainment, Mesquite, MGM Mirage, Mississippi, Nevada, New York, North Las Vegas, Ohio, Penn National, Reno, Rhode Island, Sheldon Adelson, Sociedade de Jogos de Macau, The Strip, Wall Street, West Virginia, Wisconsin, Wynn Resorts | 1 Comment

Las Vegas: Whales to the rescue

Posted on March 30, 2018 by David McKee

Las Vegas Strip gaming revenues far overshot projections for last month, finishing 11.5% higher, grossing $603.5 million. This is in large part due to baccarat revenues, a cosmic 82.5% higher on a staggering 59% increase in wagering, “likely reflecting some … Continue reading →

Posted in Boulder Strip, Boyd Gaming, California, Culinary Union, Downtown, Economy, Genting, Lake Las Vegas, Lake Tahoe, Mesquite, New York, North Las Vegas, Reno, Station Casinos, The Strip, Tribal, Wall Street | Comments Off

Strip weak, locals strong, Reno supercharged; Stanley Ho’s empire crumbles

Posted on February 28, 2018 by David McKee

January got the Las Vegas Strip off to a less-than auspicious start, with revenues dropping 9% from 2017. Locals casinos, meanwhile, were living it up, as revenue rose 8%, thanks in part to New Year’s Eve weekend slot drop being … Continue reading →

Posted in Arkansas, Boulder Strip, Colony Capital, Columbia Sussex, Downtown, Economy, Election, Foxwoods, Galaxy Entertainment, Harrah's, Lake Tahoe, Laughlin, Lucky Dragon, Macau, Melco Resorts & Entertainment, Mesquite, MGM Mirage, Nevada, North Las Vegas, Pennsylvania, Politics, Racinos, Sheldon Adelson, Sociedade de Jogos de Macau, Steve Wynn, The Strip, Wall Street, Wynn Resorts | 2 Comments

Bumpy December in Louisiana; Paddock mystery deepens

Posted on January 23, 2018 by David McKee

Louisiana gaming receipts ($227 million) were flat last month, although there were a number of little dramas being played out behind that bland façade. Lake Charles was up 7% and Baton Rouge casinos plunged 17%. L’Auberge du Lac was flat, … Continue reading →

Posted in Boyd Gaming, California, Churchill Downs, Eldorado Resorts, GLPI, Harrah's, Isle of Capri, Law enforcement, Louisiana, Mandalay Bay Massacre, Mesquite, Pinnacle Entertainment, Politics, Regulation, Tilman Fertitta, Tribal, Tropicana Entertainment, Unite-Here | Comments Off

Strip loses, locals joints win; Aristocrat hooks Big Fish

Posted on November 30, 2017 by David McKee

Given the robustness of October 2017, last month’s Las Vegas Strip revenues ($529 million) were already facing a difficult comparison and the Stephen Paddock shooting spree didn’t help matters. Gambling revenues fell 6% last month along Las Vegas Boulevard. (Statewide, … Continue reading →

Posted in Aristocrat, Boulder Strip, Churchill Downs, Downtown, Entertainment, Internet gambling, Lake Tahoe, Laughlin, Mandalay Bay Massacre, Mesquite, North Las Vegas, Reno, Technology, The Strip | 2 Comments

Strip waxes, LV locals wane; Caesars sticks it to you

Posted on October 31, 2017 by David McKee

Gaming revenues inched up 3% in Nevada last August, while the Las Vegas Strip was up 5%, to $568 million. JP Morgan analyst Joseph Greff wrote that the latter implied “strong 3Q for MGM table games given WYNN and LVS’ combined 3Q … Continue reading →

Posted in Boulder Strip, Downtown, Economy, Entertainment, Genting, Greenwood Racing, Harrah's, International, Internet gambling, Lake Tahoe, Laughlin, Mesquite, MGM Mirage, Nevada, North Las Vegas, Pennsylvania, Regulation, Reno, Sheldon Adelson, Steve Wynn, The Strip, Wall Street | Comments Off

Mandalay Bay mystery a labyrinth

Posted on October 6, 2017 by David McKee

As the clouds of war gather again over our great country, we’re finally gaining some clarity regarding Mandalay Bay shooter Stephen Paddock. He was that seeming oxymoron: a video poker “whale,” one who didn’t blanch at wagering $100 a spin. … Continue reading →

Posted in Boyd Gaming, Cannery Casino Resorts, Cosmopolitan, Downtown, Harrah's, Illinois, Law enforcement, Mandalay Bay Massacre, Massachusetts, Mesquite, MGM Mirage, Philippines, Politics, Problem gambling, Regulation, Reno, Texas | Comments Off

Pugilism pays off for Vegas; Ho dissed by son

Posted on October 4, 2017 by David McKee

Those tomato cans Floyd Mayweather and Conor McGregor were very good for business when they battled on August 26. “It could be a while before we see money like this bet on a fight again,” said Betfair‘s Katie Baylis. Indeed. Betfair … Continue reading →

Posted in Architecture, Australia, Internet gambling, Japan, Lawrence Ho, Macau, Mesquite, Sports, Stanley Ho, The Strip | Comments Off

Mass murder at Mandalay Bay

Posted on October 2, 2017 by David McKee

I’m angry today. Angry because, for whatever reason, Las Vegas has become the site of the biggest incident of domestic terrorism in U.S. history, as gunman Stephen Paddock killed at least 50 people (subsequently updated to 58) at a Mandalay Bay concert … Continue reading →

Posted in Florida, history, Hooters, Law enforcement, Mandalay Bay Massacre, Mesquite, MGM Mirage, The Strip, Transportation | 1 Comment

Baccarat bonanza on Strip

Posted on April 26, 2017 by David McKee

Despite being clocked at baccarat, Las Vegas Strip casinos took in 8% more last month, a jump Wall Street is attributing to the Easter holiday and the much-anticipated Con-Agg expo. Baccarat play was 6% down and casinos won 16% less. … Continue reading →

Posted in Boulder Strip, Downtown, Lake Tahoe, Laughlin, Mesquite, North Las Vegas, Reno, The Strip, Wall Street | Comments Off

Penn gets bigger; Cool February in Nevada

Posted on March 28, 2017 by David McKee

Not many casino companies would double down on the Tunica market, let alone triple down. However, Penn National Gaming has an appetite for risk plus a track record of taking distressed properties and turning them around. So, in addition to … Continue reading →

Posted in Boulder Strip, Colony Capital, Downtown, Harrah's, Lake Tahoe, Laughlin, Maryland, Mesquite, Mississippi, Nevada, Ohio, Penn National, Reno, The Strip, Wall Street | Comments Off

Huge January in Nevada; Georgia nixes casinos (again)

Posted on March 1, 2017 by David McKee

Sinusitis had us down for the count for a few days but we’re back with a fresh serving of S&G. First off, New Year’s was boffo for Nevada (up 12%) with the Las Vegas Strip pulling in 14% more than … Continue reading →

Posted in Boulder Strip, Downtown, Georgia, Internet gambling, Lake Tahoe, Laughlin, Mesquite, New York, North Las Vegas, Politics, Reno, South Carolina, Taxes, The Strip | 1 Comment

Strip booms in October; Trouble in Tiverton

Posted on November 29, 2016 by David McKee

Not even a 16.5% decline in table wagers could hold back the Las Vegas Strip last month, as gaming revenues shot up 14%, to $563 million. Statewide, casinos didn’t do so badly either, up 11%. The one-armed bandits on the … Continue reading →

Posted in Boulder Strip, Downtown, Economy, Foxwoods, history, Iowa, Japan, Lake Tahoe, Laughlin, Lucky Dragon, Macau, Massachusetts, Mesquite, Mohegan Sun, Nevada, North Las Vegas, Penn National, Rhode Island, Taxes, The Strip | 1 Comment

Live by baccarat, die by baccarat; Donald Trump, Stiff of the Century

Posted on September 29, 2016 by David McKee

With one less weekend this year and weak baccarat volumes, the Las Vegas Strip got hammered, down 15%. Statewide, gross gaming revenues were off by 5%. Late-July slot win that was reported in August softened the blow, contributing to a … Continue reading →

Posted in Atlantic City, Boulder Strip, Boyd Gaming, California, Donald Trump, Downtown, Election, Lake Tahoe, Laughlin, Mesquite, Nevada, North Las Vegas, Penn National, Reno, Station Casinos, The Strip, Tribal, Wall Street | 1 Comment