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- Ray Lebowski on Sibella scandal spreads; Supremes forestall Seminoles
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Category Archives: MGM Resorts International
All systems go at Ocean
Ocean Casino Resort CEO Terry Glebocki lays out how the former Revel weathered the Coronavirus shutdown, which is expected to lift tomorrow. Her first move was to suspend revenue-sharing agreements with slot manufacturers. After all, there was no revenue to … Continue reading
Anatomy of a lawsuit
As threatened, the Culinary Union has launched legal action against Las Vegas casinos and their restaurants, and they’re thinking large. Instead of going after low-hanging fruit like the Wildfires of the world, the Culinary is starting with the big boys, … Continue reading
May’s cupboard empty
With Nevada casinos closed all May, gaming revenue was a ghost of its former self, down 99.5%, kept alive by mobile sports wagering and online poker. Silver State casinos grossed just under $6 million. Reno, Laughlin and Lake Tahoe all … Continue reading
Posted in Caesars Entertainment, Cirque du Soleil, Derek Stevens, Downtown, Economy, Eldorado Resorts, G2E, Hard Rock International, Health, Internet gambling, Lake Tahoe, Laughlin, Law enforcement, Louisiana, MGM Resorts International, Ohio, Phil Ruffin, Politics, Regulation, Reno, Technology, The Strip, Tilman Fertitta, Tourism, Transportation, Wall Street
2 Comments
See Vegas and die
Phil Ruffin and Terry Caudill are singled out as bad actors in a sweeping new lawsuit being filed even as we speak by the Culinary Union. It alleges, among other things, that neither Circus Circus nor the Four Queens nor … Continue reading
Case Bets
Rather than have a Vegas-only policy, MGM Resorts International has chosen to make face masks mandatory for customers at all its properties nationwide. It might cost them a little bit of business but it’s the right thing to do. This … Continue reading
Crackdown in Vegas
Perhaps Las Vegas will not be the latest vector of Covid-19 after all. Having taken a wait-and-see attitude toward safety protocols during the shutdown, Caesars Entertainment was first out of the gate in cracking down on mask scofflaws. The company … Continue reading
Penn, Boyd bushwhack jobs
There’s still no timeline for Tropicana Las Vegas to reopen, certainly not by mid-July. That news comes as Penn National Gaming slashed 2,575 jobs over eight states. Evidently Penn doesn’t expect the current surge in business to last, as most … Continue reading
Dodd’s dud
An attempt to please all major players in the California gambling industry is dead in the Golden State Lege. Sponsor state Sen. Bill Dodd (D) tried to appease card rooms by offering them table games and positioning mobile sports betting. … Continue reading
Wear that mask!
There are occasions on which we hate to be proven right but the current state of events in Las Vegas is one of them. For instance, two individuals have tested positive for Covid-19 at the Flamingo Las Vegas. Since the … Continue reading
Posted in Arizona, Caesars Entertainment, Culinary Union, Downtown, Economy, Health, MGM Resorts International, Regulation, Taxes, Tribal, TV
4 Comments
Upbeat at Churchill Downs
JP Morgan analysts met virtually with Churchill Downs brass, including CEO Bill Carstanjen. The news was good to great. First things first, the Kentucky Derby is expected to be run with spectators (CHDN execs are keeping an eye on what … Continue reading
Posted in Atlantic City, Churchill Downs, Dan Lee, Delaware, Dining, e-sports, Full House Resorts, Horseracing, Illinois, Kentucky, Macau, Maine, MGM Resorts International, Mississippi, Pennsylvania, Politics, Regulation, Rhode Island, Sports, Sports betting, Steven Witkoff, Taxes, The Strip, Twin River, Wall Street
1 Comment
Death wish in Las Vegas
First, the good news. “Low and friendly.” Those are how room prices on the Las Vegas Strip are described. Resorts in Las Vegas opened to (restricted) capacity bookings and attendance. Since this is Vegas Lite, one in which fewer rooms … Continue reading
Posted in Architecture, Conventions, Cosmopolitan, Derek Stevens, Economy, Eldorado Resorts, Health, MGM Resorts International, Real Estate, The Strip, Tourism, Transportation, Wall Street
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Quote of the Day
“Stayed at the D on the 6th of June, was a little taken back by the lack of social distancing and crowded conditions. The D was doing temperature checks of everyone coming through the doors but unlike the other casinos … Continue reading
Posted in Boyd Gaming, Caesars Entertainment, Derek Stevens, Dining, Downtown, Downtown Grand, El Cortez, Golden Nugget, MGM Resorts International, Terry Caudill, The Strip, Tourism
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‘Net bets carry Atlantic City; Clubs face crisis
Internet casinos are in New Jersey to stay. They grossed $86 million last month, their highest amount ever. That’s 135% more than a year ago. Golden Nugget was tops with $29 million, followed by Resorts Digital ($18 million) and Borgata … Continue reading
Posted in Atlantic City, Caesars Entertainment, Carl Icahn, Downtown, DraftKings, Economy, Entertainment, Florida, Golden Nugget, Health, Horseracing, International, Internet gambling, Las Vegas Sands, LVCVA, MGM Resorts International, Mississippi, Morris Bailey, New Jersey, New York, Ohio, Resorts World LV, Seminole Tribe, Sports, Sports betting, Steve Wynn, Taxes, The Strip, Tourism, Transportation, Wynn Resorts
2 Comments
MGM revving up on Strip; The Skull returns
Allowing for the context that one’s hotels fill up faster when only 25%-50% of the rooms are being rented, MGM Resorts International seems to be enjoying a honeymoon with its customer base. Its Las Vegas Strip resorts are reopening, in … Continue reading
Posted in Caesars Entertainment, Colony Capital, Dining, Downtown, Dubai, Economy, Entertainment, Golden Gaming, Golden Nugget, International, MGM Resorts International, Minnesota, New Jersey, Resorts World LV, The Mob, The Strip
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“The calculus of reopening”
There seems to be a perception abroad in the land that, because Coronavirus is abating we’re out of the woods and can revert to pre-Covid-19 conduct. Reports of people wildly disregarding social distancing (now being downgraded to “appropriate distancing,” whatever … Continue reading
Posted in China, Current, Health, history, Horseracing, MGM Resorts International, New Jersey, Regulation, Security, Tourism
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NBA odds sizzle; Stanley Ho’s revenge
While the expansion of the NBA playoff field to 22 teams fiddled with the odds, the favorites to win remain the same: the Los Angeles Clippers, Los Angeles Lakers and Milwaukee Bucks. The league’s plan is to resume play July … Continue reading
MGM changes mind on Aria; No appetite for deals?
Having told its entire Aria staff to look for new jobs, MGM Resorts International finds itself in the position of saying, “Never mind.” In an interview last weekend, CEO Bill Hornbuckle floated the possibility of reopening Aria by July 4, followed … Continue reading
Posted in Boyd Gaming, Caesars Entertainment, California, CityCenter, Conventions, Current, Derek Stevens, Dining, Downtown, Economy, Election, Entertainment, Hawaii, Health, Las Vegas Sands, Law enforcement, LVCVA, Marketing, Massachusetts, MGM Resorts International, Money laundering, Resort fees, Sahara, Singapore, Sports, Sports betting, Station Casinos, Terry Caudill, The Rio, The Strip, Tourism, Tribal, TV, Virginia, Wall Street
1 Comment
Park MGM goes smokeless?; Excalibur returns
Resuming business in mid-pandemic, the casino industry finds itself at a nodal point unlike few in its history. The question: To smoke or not to smoke? Leaving aside our (negative) feelings about tobacco and its side effects, if the casino … Continue reading
Very green shoots; Miller takes the lead; “Crisis fees”
It’s an open question whether we’ve tamped down Coronavirus (keep wearing those masks!) but we seem to have turned a corner in the economy, a development that bodes well for the gaming industry. According to the Boston Globe, unemployment “unexpectedly” … Continue reading
Posted in AGA, Derek Stevens, Dining, Diversity, Downtown, Economy, Health, Massachusetts, MGM Resorts International, Resort fees, The Strip, Wynn Resorts
1 Comment
Station reopens bullishly; Who was that masked man, anyway?
On the eve of today’s reopening, Station Casinos hosted a conference call with JP Morgan analysts and was pretty darn confident that its base of Baby Boomers and retirees would flock back. So confident is that Station “has not been … Continue reading
Posted in Australia, Caesars Entertainment, Cirque du Soleil, Crown Resorts, Derek Stevens, Downtown, Entertainment, Health, Las Vegas Sands, Marketing, MGM Resorts International, Palms, Planet Hollywood, Real Estate, Resort fees, Station Casinos, Steven Witkoff, Tamares Group, Terry Caudill, The Rio, The Strip, Tourism, Wall Street
3 Comments