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- Atlantic City rebounds; Sibella dumped; NFL suspicions
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- David McKee on You can’t fix stupid; Good-bad news on the bayou
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- 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
Furor in Illinois; ‘Carmageddon’ in New Jersey
Charles DeGaulle was famous as The Man Who Said No. That nickname may have to be reassigned to Churchill Downs CEO Bill Carstanjen. His decision not to seek racino status for Arlington International Racecourse has set the Illinois gaming industry and … Continue reading
This just in …
Osaka and Tokyo are the world’s fourth- and seventh-most livable cities according to the Economist Intelligence Unit. (Tops is Vienna.) This is great news for casino companies like Las Vegas Sands and MGM Resorts International that want to set up … Continue reading
Posted in Canada, Economy, International, Japan, Las Vegas Sands, MGM Resorts International, New York, Singapore
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Stitt, tribes: “You first”; Sports betting blocked in Maine
Although he said that “we table the issue of the renewal or termination date of the exiting compact, and use our time more productively by focusing on coming to a shared vision of gaming in Oklahoma for the future,” Oklahoma … Continue reading
Posted in Las Vegas Raiders, Maine, Mandalay Bay Massacre, MGM Resorts International, Oklahoma, Real Estate, Sports, Sports betting, Taxes, The Strip, Tribal
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Sports betting: Survey says …
Trying to help the gaming industry get its arms around the onslaught of sports betting, Eilers & Krejcik Gaming did a consumer survey of the newly legitimate recreation. “For all of the hype surrounding the spread of regulated sportsbooks, there’s … Continue reading
Posted in Arkansas, DFS, Environment, Lotteries, Macau, Massachusetts, MGM Resorts International, Sports betting, Tribal, Wall Street, Wynn Resorts
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Honeymoon over in Massachusetts; Drive like Elvis
Encore Boston Harbor has been open only two months. MGM Springfield just passed its one-year anniversary. And yet, the Boston Globe is already tossing around the ‘S’ word—saturation. Saying that casino executives might not like hearing it, the paper rejoined, … Continue reading
Posted in AGA, Arizona, Caesars Entertainment, California, Economy, Entertainment, history, Massachusetts, MGM Resorts International, Mississippi, Penn National, Rhode Island, Transportation, Wynn Resorts
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Sports betting vexed in Massachusetts; Start spreading the news, they’re leaving today—and how!
Don’t expect sports betting in Massachusetts: Not now, maybe never. Why? Two words: Rhode Island. That state counted on $23 million in tax revenue from sports wagers—a ludicrous figure—and got $2 million. Bay State lawmakers are not only sobered by the … Continue reading
Posted in Arizona, Connecticut, Economy, Environment, Florida, Las Vegas Raiders, Massachusetts, MGM Resorts International, Nevada, New York, Politics, Problem gambling, Rhode Island, Sports, Sports betting
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Cherokee go to D.C. (maybe); Ivey cleaned out
Native American tribes have a hard time being heard in Washington, D.C. So it was past time that the Cherokee Nation took advantage of a treaty provision two centuries old and nominated a delegate to our nation’s capitol. The actual decision … Continue reading
A Majestic idea; MGM’s Springfield angst
Anyone remember the Greek Isles? Anybody want to? Like a phoenix rising from the ashes, the Greek Isles site will midwife the $850 million Majestic Las Vegas, designed by Paul Steelman after the style of Paul Revere Williams. It will have … Continue reading
Less profit in Atlantic City; New boss in Macao
To no one’s great surprise, it was less profitable to operate a casino in Atlantic City during 2019. Some, like Hard Rock Atlantic City (surprisingly) lost money, then turned profitable. Others, like Resorts Atlantic City, were just making ends meet. … Continue reading
Massachusetts: Isn’t that special?
Although the Boston Globe gets a bit overheated about Tom O’Connell aspirations for a Region C casino they don’t get it wrong when they say O’Connell and associates “want to rewrite the rule book to suit their needs.” That means, … Continue reading
Posted in Colorado, Hooters, Horseracing, Macau, Massachusetts, Melco Resorts & Entertainment, MGM Resorts International, Mississippi, Neil Bluhm, New York, Oregon, Paragon Gaming, Penn National, Pennsylvania, Regulation, Rush Street Gaming, Sociedade de Jogos de Macau, Sports betting, Station Casinos, Technology, Tribal, Wynn Resorts
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Case Bets
Despite the tepid attitude of Tokyo leadership, Las Vegas Sands has settled on it and Yokohama as its destinations of preference in Japan. Which leaves Osaka out in the cold (although it is not lacking for suitors). Sands lost no time … Continue reading
Resort fees likely to worsen; Fertitta preaches caution
All hail Terry Caudill. His Four Queens is one of the very few hotel-casinos in Las Vegas to eschew resort fees. At least that’s what the Reno Gazette-Journal tells us. The RGJ took a deep dive into the resort-fee issue … Continue reading
Posted in Atlantic City, Boyd Gaming, Caesars Entertainment, Downtown, Economy, Eldorado Resorts, Full House Resorts, Indiana, International, Internet gambling, Laughlin, Law enforcement, MGM Resorts International, Penn National, Resort fees, Sports, Sports betting, Terry Caudill, Tilman Fertitta, Wall Street
2 Comments
Sheldon’s Sphere inflating; Nevada not keeping up with the times
Madison Square Garden is confronting a major cost overrun on its spherical event center near Venelazzo, meant to—among other things—aggrandize the ego of Sheldon Adelson. Shares of MSG were sent staggering by the revelation that the $1.2 billion cost had … Continue reading
Posted in International, Internet gambling, Massachusetts, MGM Resorts International, Nevada, New Jersey, Philippines, Regulation, Sexual misconduct, Sheldon Adelson, Sports betting, The Strip, Wynn Resorts
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What if they built a megaresort and nobody came?
Resorts World Catskills made it into the New York Times and not in a good way. A feature story focused on the $1.2 billion megaresort’s financial difficulties, caused in part by nine-figure loans. Empire Resorts says the casino does not … Continue reading
MGM Springfield plays rope-a-dope; Big break for Cordish
With MGM Springfield well short of revenue projections (and cutting jobs), President Michael Mathis was sent out to do PR damage control. “I feel good about the trajectory,” he claimed. He blamed Foxwoods Resort Casino and Mohegan Sun for the shortfall: We … Continue reading
Gaming and its discontents
Iowa, Nebraska and Council Bluffs continue to have their collective ass kicked in court by the Ponca Tribe of Nebraska. The latest drubbing occurred in federal district court. The plaintiffs filed motions arguing that, since Judge Stephanie Rose had asked … Continue reading
Posted in Cambodia, Connecticut, Cordish Co., Foxwoods, Genting, Iowa, Las Vegas Sands, Macau, MGM Resorts International, Mohegan Sun, Money laundering, Nebraska, New York, Penn National, Pennsylvania, Politics, Sheldon Adelson, Sports, Sports betting, Tourism, Transportation, Tribal, Wall Street
2 Comments
Encore vanquishing competition; Newcomers dominate Atlantic City
Encore Boston Harbor, the best-smelling casino on the East Coast, had a crushing month, its first full one of operation. Its $48.5 million in revenue accounted for 60% of all Massachusetts gaming revenues. That breaks down as almost $1.6 million/day … Continue reading
Posted in Atlantic City, Boyd Gaming, Caesars Entertainment, Churchill Downs, Connecticut, Detroit, Eldorado Resorts, Entertainment, Foxwoods, Greenwood Racing, Hard Rock International, Internet gambling, Marketing, Maryland, Massachusetts, MGM Resorts International, Mohegan Sun, Ocean Resort, Penn National, Pennsylvania, Rhode Island, Rush Street Gaming, Sports, Sports betting, Tilman Fertitta, Tribal, Wynn Resorts
2 Comments
Like a Virgin; Chicago casino kaput?
The soon-to-be-ex Hard Rock Hotel is taking an enormous gamble. Instead of trying to operate during the rebranding-and-renovation phase from which it will emerge as Virgin Las Vegas, it is going to close down completely. You read that right. The … Continue reading
Posted in Donald Trump, Economy, Genting, Hard Rock Hotel, Illinois, Macau, MGM Resorts International, Nevada, Taxes, Technology, The Strip, Transportation, Wall Street, Wynn Resorts
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El Paso, Dayton … Las Vegas?
Las Vegas, if you’ll pardon the pun, dodged a bullet when the FBI apprehended a man bent on killing large numbers of Jews and gay people. Conor Climo, the alleged bomber, has been linked to the white-supremacist netherworld and supposedly … Continue reading
Posted in Churchill Downs, Connecticut, Current, Downtown, Foxwoods, Full House Resorts, Indiana, Kentucky, Las Vegas Sands, Macau, Massachusetts, MGM Resorts International, Mohegan Sun, New Mexico, Pennsylvania, Racinos, Sports, Sports betting, Wall Street
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Rough month in Indiana, rougher in Missouri
Indiana gaming revenues nosed down 3% last month, for a total gross of $181 million. JP Morgan analyst Joseph Greff blames it on adverse weather from Hurricane Barry, plus intensified competition in the Louisville area. Both racinos were revenue-positive, with Hoosier … Continue reading
Posted in Architecture, Boyd Gaming, Caesars Entertainment, Centaur Gaming, Eldorado Resorts, Entertainment, Environment, Full House Resorts, Genting, Indiana, Kentucky, Massachusetts, MGM Resorts International, Missouri, Penn National, Spectacle Entertainment, The Strip, Tribal, Wynn Resorts
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