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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
Brandes’ big bet; Skill-based slots catching on
“We think it’s time for Florida to take it out of the shadows and into the sunshine,” said state Sen. Jeff Brandes (R). He was speaking of sports betting which, like daily fantasy sports, is currently illegal in the Sunshine … Continue reading
End-of-Year Case Bets
In a retrospective mood, the American Gaming Association has chosen the top eight gaming stories of the past year, ranked here in descending order. They are: The Caesars Entertainment takeover by Eldorado Resorts. ‘Nuff said. Allegations that Encore Boston Harbor is … Continue reading
Posted in Caesars Entertainment, California, Canada, Carl Icahn, Donald Trump, Eldorado Resorts, Election, Harrah's, Japan, Lake Tahoe, Las Vegas Raiders, Law enforcement, Louisiana, Lucky Dragon, Maryland, Massachusetts, MGM Resorts International, Mississippi, Money laundering, Oklahoma, Problem gambling, Resort fees, Sports, Sports betting, The Strip, Tribal, Wynn Resorts
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China’s credit bubble; Ocean Resort’s secret formula
China gamblers may be playing today at the expense of tomorrow. Bloomberg reports that Generation Z is borrowing heavily in high-interest debt to fuel its consumerism, a phenomenon that should be of concern in Macao. “Household debt hit levels of … Continue reading
Posted in Atlantic City, Boyd Gaming, China, Culinary Union, DraftKings, Economy, Eldorado Resorts, Internet gambling, Louisiana, Macau, Massachusetts, MGM Resorts International, New Hampshire, Ocean Resort, Oklahoma, Regulation, Scott Butera, Sexual misconduct, Sports betting, Station Casinos, Steve Wynn, Tribal, Wynn Resorts
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Tribal gambling rampant in Oklahoma?; Penn National gets swindled
Could “casinos and smoke shops soon begin popping up on every corner of downtown Tulsa?” So wondered Indian Country Today about a Supreme Court case that could dramatically alter the complexion of tribal gaming in Oklahoma. (Serves Kevin Stitt right.) The … Continue reading
Posted in Atlantic City, Caesars Entertainment, California, Churchill Downs, Culinary Union, Eldorado Resorts, Galaxy Entertainment, Genting, Illinois, Japan, Las Vegas Raiders, Law enforcement, Macau, MGM Resorts International, Oklahoma, Pansy Ho, Penn National, Regulation, Sociedade de Jogos de Macau, Sports, Sports betting, The Rio, Tribal, World Series of Poker, Wynn Resorts
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Station faces the music; Atlantic City dissed
Imagine how much of a world of hurt Station Casinos would be in if DJs Marshmello and Skrillex hadn’t quit instead of having their high-priced sinecures ($60 million in Mr. Marshmello’s case) terminated, as happened to Ryan Raddon, aka Kaskade. … Continue reading
Encore dominates Boston; President Xi visits Macao
Encore Boston Harbor continues to lap the field in Massachusetts with 60% of market share and daily revenue of $1.6 million. Encore is definitely cutting into slot business at Plainridge Park, still impressive at $305/win/slot/day—but down from $357/slot a year … Continue reading
Posted in California, China, International, Macau, Massachusetts, MGM Resorts International, Penn National, Sports betting, Tribal, Wall Street, Wisconsin, Wynn Resorts
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Atlantic City up in November; Sports betting comes to Michigan
Gross gaming revenues of $224 million in Atlantic City last month represented a 7% gain. Table games (+11%) led the way, followed by slot revenues, up 6%. Table win at Borgata rose 14.5% on 7% more wagering, as the house … Continue reading
Posted in Atlantic City, Boyd Gaming, Caesars Entertainment, DFS, e-sports, Economy, Eldorado Resorts, Environment, FanDuel, Greenwood Racing, Hard Rock International, Internet gambling, MGM Resorts International, Michigan, Mohegan Sun, New Jersey, Ocean Resort, Penn National, Pennsylvania, Politics, Rush Street Gaming, Sports betting, Taxes, Tilman Fertitta, Tribal
1 Comment
What gives, Indiana?; Galaxy ousted from Philippines
Despite the excellent November performance of surrounding Midwest states, Indiana casinos were up only 1% last month. Factor in an extra weekend day this year and that’s a pretty underwhelming result. In its last full month of service, riverboat Glory of … Continue reading
Posted in Boyd Gaming, Caesars Entertainment, Churchill Downs, Dan Gilbert, Dining, DraftKings, Eldorado Resorts, FanDuel, Full House Resorts, Galaxy Entertainment, Indiana, MGM Resorts International, Ohio, Penn National, Philippines, Rush Street Gaming, Spectacle Entertainment, Sports, Sports betting, The Mob, The Strip, Tropicana Entertainment
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Duterte socks it to casinos; Sports betting battle in California
This is an effective promotional tool. Why aren’t other companies doing it? (We’re looking at you, Caesars Entertainment.) * Philippine strongman Rodrigo Duterte is punching out at Philippines offshore gaming operators (POGOs) over delinquent taxes. He asserted that they had paid … Continue reading
Posted in California, Cosmopolitan, DraftKings, Economy, FanDuel, Galaxy Entertainment, Genting, Hard Rock International, International, Internet gambling, MGM Resorts International, Mohegan Sun, Nevada, Philippines, Politics, Regulation, Sexual misconduct, Sports betting, The Rio, The Strip, Tribal
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Clinton out in Yonkers, Glebocki in in Atlantic City
Uri Clinton is out as COO and president of MGM Resorts International‘s $850 million Empire City Casino after only a year in the post, although he’ll be retained as a consultant. Maybe he didn’t take to life in Yonkers. Despite … Continue reading
Illinois up, Maryland flat, Palms sued
Enjoy it while it lasts, Illinois. Gaming revenues shot up 8%, a welcome bit of good news. One extra weekend day surely helped although we find it hard to believe that entirely accounts for the variance. The overall gross was … Continue reading
Posted in Boyd Gaming, Caesars Entertainment, Churchill Downs, CityCenter, Cordish Co., Eldorado Resorts, Entertainment, FanDuel, GLPI, Golden Gaming, Illinois, Law enforcement, Maryland, MGM Resorts International, Palms, Penn National, Phil Ruffin, Sports, Sports betting, Station Casinos, Tilman Fertitta, Virginia, West Virginia
1 Comment
Tumult in Atlantic City; Goodell’s exquisite hypocrisy
Atlantic City casinos have had enough with the town’s mayoral office. They want it eliminated in favor of a city manager. Difficult to argue with that one. Except for Don Guardian, we haven’t seen one A.C. mayor we’ve liked. The … Continue reading
Posted in Arizona, Atlantic City, Caesars Entertainment, China, Dining, Election, Entertainment, history, Indiana, Macau, Melco Resorts & Entertainment, MGM Resorts International, Oscar Goodman, Politics, Sports betting, Steve Wynn, The Strip, Tilman Fertitta, Tourism, Unite-Here, Wall Street, Wynn Resorts
1 Comment
Norment’s Torment; New hope for Cal-Neva
Virginia state Sen. Tommy Norment (R) hasn’t been paying attention to the performance of MGM National Harbor. Placing a resort casino in northern Virginia would be, he says, “complete folly.” Instead, Old Virginny will have to put its hopes on … Continue reading
Posted in Caesars Entertainment, Canada, Dubai, Economy, history, Horseracing, International, Lake Tahoe, Law enforcement, Lotteries, Maryland, MGM Resorts International, Money laundering, New York, Ohio, Politics, Problem gambling, Resort fees, Sports, Sports betting, Taxes, The Strip, Tilman Fertitta, Transportation, Tribal, Virginia
1 Comment
‘Sharp’ criticism of Congress; MGM a popular stock pick
Newly elected National Congress of American Indians President Fawn Sharp wasted no time in opening a can of whup-ass on the U.S. Congress. Speaking to the House Committee on Natural Resources Subcommittee for Indigenous Peoples of the United States Oversight, Sharp … Continue reading
Posted in Caesars Entertainment, California, Culinary Union, Derek Stevens, Dining, Eldorado Resorts, Entertainment, Hard Rock International, Japan, Las Vegas Raiders, Las Vegas Sands, Law enforcement, MGM Resorts International, Mohegan Sun, Penn National, Politics, Sports, Sports betting, Station Casinos, The Strip, Transportation, Tribal, Wall Street, Washington State, Wynn Resorts
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Tax-and-spend fantasy in Illinois; Encore Boston nickels and dimes its patrons
It’s more important to have a money-losing casino (upon which absolutely nobody has bid) in Chicago than to lower the über-confiscatory 72% tax rate. So says state Sen. Dave Syverson (R), a real crank. As Syverson puts it, “The problem with … Continue reading
Posted in Caesars Entertainment, Galaxy Entertainment, Golden Gaming, Illinois, Japan, Macau, Massachusetts, MGM Resorts International, Resort fees, Sheldon Adelson, Taxes, Terry Caudill, Transportation, Wynn Resorts
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Strip soft, locals firm; Big win for DraftKings
At $538 million, last month’s Strip gambling revenue fell 9%. Slot win was 1.5% up on 5.5% more coin-in. However, baccarat win plunged 27% on 20.5% less wagering. Non-baccarat table games were down 19% on 11% less betting. Strip casinos … Continue reading
Posted in Boulder Strip, Culinary Union, Downtown, DraftKings, International, Lake Tahoe, Laughlin, Law enforcement, Lotteries, MGM Resorts International, Money laundering, New Hampshire, North Las Vegas, Regulation, Reno, Sports betting, The Strip, Tourism, Transportation, Washington State
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Scientific fluent in Chinese; William Hill seeks new horizons
It’s not just for China anymore. Scientific Games is reporting success with its Chinese-themed slots, including in North America. Yes, games with titles like Jin Ji Bao Xi, which doesn’t exactly roll off the tongue but is gaining traction with slot players worldwide. “If … Continue reading
Posted in Cantor Gaming, China, Economy, Environment, Florida, International, Internet gambling, Japan, Macau, MGM Resorts International, Movies, Nevada, North Carolina, Pennsylvania, Philippines, Regulation, Scientific Games, Sexual misconduct, Sports, Sports betting, Technology, The Strip, Tourism, Tribal, Virginia, William Hill
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Resorts World postponed (again); Drugs-for-points scandal settled
Guess what? Tortoise-powered Resorts World Las Vegas has been hit with another construction delay. (Shocking. Absolutely shocking.) It’s getting pushed back all the way into summer of 2021, a half-year delay. Sometimes one thinks it will be a miracle if … Continue reading
Marching through Georgia; Stevens’ grand vision
“Wynn and MGM are going to Atlanta,” said Georgia state Rep. Al Williams (D), trying allay hopes/fears that megaresorts are going to be sprinkled across the Peachtree State. State Rep. Ron Stephens (R) is particularly bullish, projecting six casinos throwing … Continue reading
Posted in Architecture, Arkansas, China, Derek Stevens, Downtown, e-sports, Environment, G2E, Georgia, International, Internet gambling, Lawrence Ho, Macau, Mandalay Bay Massacre, MGM Resorts International, Oklahoma, Politics, Sports betting, Taxes, The Strip, Tribal
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Next stop, Hempfield!
Cordish Gaming has broken ground on its Hempfield Township satellite casino in Pennsylvania. The $150 million property will have 750 slots and 30 table games, as well as a 445-seat sports book. The casino will fill the space left by … Continue reading
Posted in Arkansas, Atlantic City, Caesars Entertainment, Cordish Co., Dining, Downtown, Economy, Eldorado Resorts, Entertainment, Golden Gaming, history, Internet gambling, Kentucky, Las Vegas Sands, Law enforcement, Massachusetts, MGM Resorts International, Mohegan Sun, Pennsylvania, Regulation, South Korea, Sports betting, The Strip, Tribal, Wall Street, Wynn Resorts
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