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- David McKee on Sibella scandal spreads; Supremes forestall Seminoles
- Ray Lebowski on Sibella scandal spreads; Supremes forestall Seminoles
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Category Archives: MGM Resorts International
Wynn surprises few; Maryland stabilizes, Iowa impresses
It’s earnings-report time for Wynn Resorts and JP Morgan analyst, Joseph Greff, for one, is feeling blasé about the numbers. “Overall, we’d characterize the quarter as in line with investors’ recent expectations, and its earnings conference call outlook commentary as … Continue reading
Posted in Boyd Gaming, Caesars Entertainment, California, China, Churchill Downs, Cordish Co., Dining, DraftKings, Entertainment, FanDuel, Golden Gaming, Health, International, Internet gambling, Iowa, Las Vegas Sands, Macau, Marketing, Maryland, Massachusetts, MGM Resorts International, Michigan, Penn National, Pennsylvania, Rush Street Gaming, Sports, The Strip, Wall Street, West Virginia, William Hill, Wynn Resorts
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Case Bets
More than 23 million Americans are expected to bet legally or otherwise on the Super Bowl, according to the American Gaming Association, which predicts $4.3 billion in handle. 7.5 million punters will be doing their wagering online, 63% more than … Continue reading
Posted in AGA, Bally, Caesars Entertainment, Cordish Co., DFS, Diversity, DraftKings, Economy, FanDuel, history, Illinois, International, Las Vegas Sands, Macau, MGM Resorts International, Pennsylvania, PointsBet, Problem gambling, Real Estate, Rush Street Gaming, Sports, Sports betting, Steve Wynn, The Strip
3 Comments
Profile in cowardice; Sheldon Adelson’s ghost
We were sure this was a story from The Onion or the Babylon Bee but, no, it’s really a thing. Rodney Baker has resigned as CEO of Great Canadian Gaming Corp. after bringing disgrace upon it with a vaccination caper … Continue reading
Posted in Architecture, Boulder Strip, Boyd Gaming, Caesars Entertainment, Canada, Churchill Downs, Cretins, Culinary Union, DraftKings, FanDuel, Health, Illinois, Indiana, Law enforcement, MGM Resorts International, PointsBet, Politics, Regulation, Sheldon Adelson, Sports, Sports betting, Tennessee, Tribal, Wall Street, William Hill, Wynn Resorts
2 Comments
Louisiana doldrums; Philadelphia Live sparkles
Does reporting bad news get tedious? You bet! But it comes with the turf. Louisiana casino winnings declined 23% last month, in keeping with the national average. Penn National Gaming casinos got off easiest, slipping 11%, while Boyd Gaming ones … Continue reading
Posted in Animals, Bally, Baseball, Boyd Gaming, Caesars Entertainment, Churchill Downs, Colorado, Connecticut, Cordish Co., CQ Holdings, Cretins, Dining, DraftKings, Economy, FanDuel, FoxBet, Foxwoods, Golden Nugget, Health, Illinois, Indiana, Internet gambling, Jim Murren, Law enforcement, Louisiana, Marketing, Massachusetts, MGM Resorts International, Mohegan Sun, Nevada, New Jersey, Penn National, Pennsylvania, Politics, Rush Street Gaming, Sports, Tennessee, Wall Street, West Virginia, William Hill
3 Comments
Massachusetts hit hard; NFL playoffs a tossup
Between Covid-19 capacity restrictions (33%) and statewide curfews (9:30 p.m., when the night owls are just getting rolling), Massachusetts casinos were between a rock and a hard place last month, with revenues falling 40% to a meager $50 million. If … Continue reading
Flynt winning in California; Caesars S.I. to Cherokee?
Larry Flynt continues to be the de facto leader of California‘s card room industry. He’s fighting in court against a Golden State law that prevents card room owners from holding stakes in out-of-state casinos. (Flynt in Las Vegas? Imagine!) When … Continue reading
Sports betting impresses in Iowa; Harness racing resumes
Sports betting in Iowa crossed the $100 million threshold in handle last month and that was without some key players like BetMGM, which launched earlier this month. Wagers are expected to vault now that Gov. Kim Reynolds‘ stay on mobile … Continue reading
Half-a-loaf Cuomo; Ohio implosion
Cuomo giveth, Cuomo taketh away. After dropping hints of expansive sports betting in New York State, Gov. Andrew Cuomo (D) unveiled a proposal that was considerably less than ‘george.’ There will be one ‘skin’ and it will be answerable to … Continue reading
Maryland craters; MGM ‘snow’ job; Mob Museum in your ear
It’s pretty clear that the casino industry is entering its second recession in 10 months and too soon to know if the ‘skinny’ stimulus will bring a January boost. One of the most reliable markets in the U.S., Maryland plunged … Continue reading
Posted in Caesars Entertainment, China, Churchill Downs, Cordish Co., Economy, Golden Gaming, history, Japan, Maryland, MGM Resorts International, Oscar Goodman, Pansy Ho, Penn National, Sociedade de Jogos de Macau, The Mob, Wall Street, West Virginia
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Cuomo all-in on New York sports betting; Playoff fever begins
There’s nothing like a budgetary dose of Covid-19 to bring some people to reality. Case in point, New York State Gov. Andrew Cuomo (D). He has been against mobile sports betting for years—much to the state’s detriment—but will embrace it … Continue reading
Adelson, Packer canoodle & other news
While America burns, Sheldon Adelson is fiddling in the French Caribbean, aboard his mega-luxury yacht. The vessel was moored next to that of James Packer, who welcomed Adelson as guest for his lavish New Year’s Eve celebration. This meeting of … Continue reading
Posted in Arizona, China, Crown Resorts, Detroit, Dining, Economy, Hawaii, Health, International, Internet gambling, Iowa, James Packer, Japan, Las Vegas Sands, Law enforcement, Macau, MGM Resorts International, Michigan, Penn National, Pennsylvania, Politics, Regulation, Sheldon Adelson, South Dakota, Taxes, Tribal, Virginia
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This just in …
MGM Resorts International is all over the news today. It just made a play for BetMGM partner Entain. It’s offering a stock swap of six-tenths of a share of MGM for every share of Entain, a transaction that Credit Suisse … Continue reading
Posted in Caesars Entertainment, Internet gambling, Macau, MGM Resorts International, Sports betting, The Strip, Wall Street, William Hill
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Slow news day
It’s nice to see that the Las Vegas Golden Knights are set to return to the ice … but with Covid-19 positivity rates in Nevada having just passed 21%, is this any time for companies like MGM Resorts International to … Continue reading
Posted in Entertainment, Health, Las Vegas Raiders, MGM Resorts International, Nevada, Sports, TV
1 Comment
Vegas scraping bottom; Caesars fined big-time
Rising numbers of Covid-19 cases “pressured visitation” to Las Vegas last month and a total absence of conventions didn’t help either, according to JP Morgan analyst Joseph Greff. Tourism was down 57%, which drove a devastating 70% decline in revenue … Continue reading
Circa debut boosts Downtown; Lots of moving, shaking predicted for ’21
Although casinos across the nation have been swooning in November, results in Nevada—which we feared would take it worse than average—were in line with national trends, a victory of sorts. Statewide, gaming win fell 18% and the Las Vegas Strip, … Continue reading
Posted in Boulder Strip, Boyd Gaming, Caesars Entertainment, Cirque du Soleil, Derek Stevens, Dotty's, Downtown, Economy, Failsinos, Fontainebleau, GLPI, Internet gambling, Lake Tahoe, Las Vegas Sands, Laughlin, Mesquite, MGM Resorts International, Nevada, North Las Vegas, Palms, Planet Hollywood, Regulation, Reno, Resorts World LV, Seminole Tribe, Sheldon Adelson, Sports, Sports betting, Station Casinos, The Rio, The Strip, Virgin Hotels, Wendover, William Hill
2 Comments