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- Atlantic City rebounds; Sibella dumped; NFL suspicions
- MGM limping back; Atlantic City follies; Wall Street Jottings
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- MGM crippled; Illinois & Indiana report; Bally’s shaky in Chi
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- David McKee on You can’t fix stupid; Good-bad news on the bayou
- American Gaming Guru on You can’t fix stupid; Good-bad news on the bayou
- Ray Lebowski on Sibella scandal spreads; Supremes forestall Seminoles
- David McKee on Sibella scandal spreads; Supremes forestall Seminoles
- Ray Lebowski on Sibella scandal spreads; Supremes forestall Seminoles
- David McKee on MGM crippled; Illinois & Indiana report; Bally’s shaky in Chi
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Category Archives: MGM Resorts International
Usher to play the Strip and other doings at Caesars
What does Tom Reeg know that the rest of us don’t? In the first big contract signing since the Covid-19 pandemic (still playing an extended engagement in Las Vegas) hit, Caesars Entertainment has inked a deal with Usher to play … Continue reading
Macao moots casino closures; Stevens vs. William Hill
Here it comes. Again. The government of Macao is taking a zero-tolerance policy toward Covid-19. Although there hasn’t been a case in four months (good for them), the enclave is floating the idea of shutting down any casino where a … Continue reading
Cuomo abandons N.Y. casinos; Legal brawls in Atlantic City
New York Gov. Andrew Cuomo (D) has turned his back on the casino industry in no uncertain terms. The Empire State lags the entire nation in casino reopenings and Cuomo shows no inclination to soften his hard line. As for … Continue reading
Culinary, Caesars, MGM make peace; IGT does a Kerouac
Instead of butting heads in court, the Culinary Union, Caesars Entertainment and MGM Resorts International put their noggins together, and came up with a set of worker-safety protocols to implemented on a company-wide basis. That still leaves a lot of … Continue reading
Dark portent for MGM Springfield; Chicago courts casinos
A thousand MGM Springfield employees have been canned, effective today. A skeleton crew of 800 keeps the casino-resort open, as it writhes in pandemic economic throes. Reports the Boston Globe, “State rules to prevent the spread of the coronavirus have … Continue reading
Posted in Caesars Entertainment, Canada, Cantor Gaming, Cosmopolitan, Derek Stevens, Dining, Donald Trump, Downtown Grand, Economy, Golden Gaming, Health, Illinois, Las Vegas Raiders, Las Vegas Sands, Massachusetts, MGM Resorts International, Nevada, North Las Vegas, Penn National, Phil Ruffin, Regulation, Reno, Sahara, Silverton, Slot routes, Station Casinos, Taxes, Terry Caudill, The Strip, William Hill, Wynn Resorts
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Bad news and more bad news
Strip gaming revenue, ‘meh’ though it was, actually looks good in the context of Las Vegas visitation in July, which plummeted 61%. There hasn’t been a convention since April, which certainly hurts. Air travel was horrible, down 64%, while drive-in … Continue reading
New York game-changer; MGM sticks it to servers
What Jim Murren and Sheldon Adelson couldn’t do, New York state Sen. James Skoufis (D) just might. With four upstate casinos still closed and the state budget pummeled by the economic effects of Coronavirus, Skoufis is proposing that the state … Continue reading
Posted in Australia, Caesars Entertainment, Cretins, Economy, Election, Environment, Health, International, Jim Murren, Louisiana, Macau, MGM Resorts International, Mississippi, New York, Ohio, Politics, Problem gambling, Regulation, Sheldon Adelson, Unite-Here, Virginia
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Mega-Jottings for a Monday
Churchill Downs got its second-worst-case scenario for the Kentucky Derby: The September 5 race will have to be held without spectators, a major economic blow to the Louisville area. At least the race will be run and undoubtedly garner much … Continue reading
Posted in Arizona, Atlantic City, Churchill Downs, Derek Stevens, Downtown, Economy, Entertainment, Environment, GLPI, Health, Horseracing, Internet gambling, Kentucky, Louisiana, Macau, MGM Resorts International, New Mexico, Penn National, Reno, Sigma Derby, Sports betting, The Strip, Tribal, Virgin Hotels
1 Comment
MGM rushes where Caesars fears to tread; Cullotta croaks
“By the end of the year” is MGM Resorts International‘s new timeline for reopening Park MGM. Archrival Caesars Entertainment is proceeding somewhat more circumspectly with its casino reopenings. “Caesars will open its remaining Las Vegas properties in line with customer … Continue reading
Posted in Caesars Entertainment, China, Cirque du Soleil, Culinary Union, Dining, Donald Trump, Macau, Marketing, Melco Resorts & Entertainment, MGM Resorts International, Movies, North Las Vegas, Sheldon Adelson, Station Casinos, The Mob, The Strip, Tourism, Wall Street, Wynn Resorts
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Keystone State casinos go begging; IRS: DFS is gambling
What if they gave a casino and nobody came? How about six casinos? That’s the problem faced by Pennsylvania, whose Lege over-optimistically authorized 10 satellite casinos, dollar signs dancing in their heads. The first couple of rounds of bidding were … Continue reading
Covid tourism at Bally’s; College football conundrum
When Bally’s Las Vegas announced that the Real Bodies exhibit would be adding “Covid-19 Content” we admittedly feared the worst: corpses of Coronavirus victims on display. While cashing in on Covid-19 is in questionable taste, Real Bodies seems to be … Continue reading
Miller dares Adelson; Room rates reel
Late last week American Gaming Association President Bill Miller did something radical about Internet gambling. He discussed it. On a conference call. With reporters. Unprompted. You have to understand that ‘Net betting has been a no-fly zone for the AGA … Continue reading
Posted in AGA, Caesars Entertainment, Card rooms, Economy, Geoff Freeman, Internet gambling, Las Vegas Sands, Maverick Gaming, MGM Resorts International, Mohegan Sun, Penn National, Rush Street Gaming, Sheldon Adelson, The Strip, Tilman Fertitta, Wall Street, Washington State, Wynn Resorts
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The big enchilada
“The Biggest Gaming Opportunity Since Riverboats in the Early ’90s.” That’s how JP Morgan gaming analyst Joseph Greff, a man not given to hype, characterized i-gaming and sports betting today. He described them as “as an emerging and exciting area … Continue reading
Posted in Caesars Entertainment, California, Colorado, Cosmopolitan, DraftKings, FanDuel, Golden Nugget, Illinois, Indiana, Internet gambling, Iowa, Isle of Capri, Las Vegas Sands, MGM Resorts International, Michigan, MTR Gaming, Palms, Penn National, Regulation, Rush Street Gaming, Silverton, Sports betting, The Strip, Tropicana Entertainment, Wall Street, William Hill
2 Comments
Atlantic City impresses in July
It reopened in somewhat raggle-taggle fashion but Atlantic City is back and did rather better in July than Las Vegas in June (the last month for which we have data, see video below). Borgata made a very delayed re-entry into … Continue reading
Indiana, Missouri, Ohio rebound, Illinois not so much
It was back to business as almost normal in Indiana last month. The Hoosier State was only 5.5% 0ff its July 2019 pace, grossing $171 million. (They’ve been open since June 15.) The relative novelty of table games—$5 million—at Indiana … Continue reading
Culinary booted from Boulder
We have obtained a memo on Boulder Station letterhead that reads, in part, “Yesterday [August 6] we learned that a majority of Culinary Team Members signed a petition saying they DO NOT wish to be represented by the Culinary Workers … Continue reading
When Saharas attack; Trump blasts Adelson
Don’t get on Sahara owner Alex Meruelo‘s bad side. That seems to be the moral of a saga unfolding on the Las Vegas Strip. VitalVegas author Scott Roeben is being sued for $15,000 in lost business, punitive damages, attorneys’ fees … Continue reading
Maryland rebounds; Penn wows Wall Street; Trump to play Lucky Dragon
In a near-miraculous development, Maryland gambling revenues were only 6% off the pace last month. Between cabin fever and the belated delivery of those $1,200 stimulus checks, we’re not entirely surprised that Free State punters had both the desire and … Continue reading
Posted in Alabama, Arizona, Boyd Gaming, Caesars Entertainment, Churchill Downs, Cordish Co., Donald Trump, Election, Florida, Georgia, Golden Gaming, Health, Internet gambling, Lotteries, Lucky Dragon, Maryland, MGM Resorts International, Mississippi, Nevada, New Mexico, New York, North Carolina, Penn National, Pennsylvania, Racinos, Sports, Sports betting, Texas, The Strip, Tilman Fertitta, Tribal, TV, Wall Street, West Virginia
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Sahara misbehavior; Tilman Time; Culinary caves to Big Gaming
Alex Meruelo has new troubles. He’s in deep fertilizer with the Nevada Gaming Control Board over safety violations at the Sahara. Meruelo’s facing a two-part disciplinary complaint. In one instance, the Sahara hosted a 153-person convention when state rules explicitly … Continue reading
Posted in Alex Meruelo, Caesars Entertainment, Cretins, Culinary Union, Donald Trump, Economy, Health, MGM Resorts International, Ohio, Politics, Real Estate, Regulation, Reno, Sahara, Sports, Station Casinos, Tilman Fertitta
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New hope for Station; Raider Nation exiled
Station Casinos reported second-quarter results yesterday and JP Morgan analyst Joseph Greff came away “encouraged” and “impressed.” He wrote of “less bad results in April and May and much better positive [cash flow] generation in June.” How so? In its … Continue reading
