Category Archives: MGM Resorts International

Paging Steve Wynn; Genting mismanages risk

Posted on August 8, 2019 by David McKee

Somebody alert Steve Wynn. The mega-Walgreens at the northwest corner of Las Vegas Boulevard and Sahara Avenue is on the market as a “Once in a Generation High Profile Asset.” OK, the footprint is relatively small but the seller is … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, Churchill Downs, Dan Gilbert, Eldorado Resorts, Genting, GLPI, Illinois, MGM Resorts International, Ohio, Oklahoma, Penn National, Resort fees, Rush Street Gaming, Singapore, Steve Wynn, Taxes, The Strip, Wall Street | 1 Comment

Maryland just fine; Next stop, Hartford?

Posted on August 7, 2019 by David McKee

Gaming revenues were up 2% last month in Maryland, good for $149 million. $61 million of that was won by MGM National Harbor (+4%). Market share was dominated by MGM (41%) and Maryland Live (33%). The Cordish Gaming property grossed $49 … Continue reading →

Posted in Australia, Caesars Entertainment, Churchill Downs, Connecticut, Cordish Co., Cretins, Crown Resorts, e-sports, Foxwoods, International, Internet gambling, Macau, Maryland, MGM Resorts International, Mohegan Sun, Penn National, Politics, Problem gambling, Sports betting, Wall Street, West Virginia | Comments Off

Eldorado’s bad quarter; Crown fights back

Posted on August 6, 2019 by David McKee

Eldorado Resorts might want to put its own house in order before engorging Caesars Entertainment. Quarterly results are out and Eldorado came in low in every category except corporate costs. Revenue misses included the West ($128 million) -$18 million, the … Continue reading →

Posted in Australia, Caesars Entertainment, Colorado, Crown Resorts, Eldorado Resorts, Entertainment, IGT, Law enforcement, Lotteries, Macau, MGM Resorts International, Ohio, Regulation, Technology, The Mob, The Strip, Wall Street | Comments Off

MGM stymied Down East; Trade war dings Macao

Posted on August 5, 2019 by David McKee

Hopes for MGM Resorts International in Connecticut may be fading now that lawmakers are proposing a tribally owned casino in Bridgeport, part of an omnibus gaming expansion. The bipartisan Connecticut Jobs & Revenue Act would authorize a casino in Bridgeport owned by … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, Connecticut, Downtown, Foxwoods, Golden Gaming, International, Internet gambling, Lotteries, Macau, Marketing, Massachusetts, MGM Resorts International, Mohegan Sun, Money laundering, Politics, Problem gambling, Regulation, Sports betting, Tamares Group, Tilman Fertitta | Comments Off

Hooters out, Oyo in?; Crown in hot water

Posted on August 5, 2019 by David McKee

Hooters Hotel Casino, the brand that should have worked in Las Vegas but didn’t, may finally be on the way out. VitalVegas reports that hotelier Highgate may be rechristening Hooters with its Oyo brand. Highgate already operates hotels in the … Continue reading →

Posted in AGA, Atlantic City, Australia, Crown Resorts, Detroit, Diversity, Environment, Hooters, Illinois, James Packer, Law enforcement, Louisiana, Marketing, Maryland, Massachusetts, MGM Resorts International, Money laundering, Paragon Gaming, Penn National, South Carolina, Sports, Sports betting, The Strip | 2 Comments

Wynn tops in U.S. casinos; Crown in hot water again

Posted on July 30, 2019 by David McKee

Steve Wynn got some love from the contributors to TripAdvisor, whose top-three-ranked casinos in America are Wynn Las Vegas, Encore and Beau Rivage, a vindication of Wynn’s spare-no-detail approach. However, Bellagio may be showing its age, clocking in at a … Continue reading →

Posted in Atlantic City, Australia, Boulder Strip, Boyd Gaming, Caesars Entertainment, CityCenter, Cosmopolitan, Crown Resorts, Detroit, Downtown, Economy, Eldorado Resorts, Foxwoods, Golden Gaming, Indiana, Iowa, Las Vegas Sands, Law enforcement, Louisiana, M Resort, Macau, MGM Resorts International, Mississippi, Mohegan Sun, North Las Vegas, Oklahoma, Penn National, Pennsylvania, Politics, Reno, Station Casinos, Steve Wynn, Terry Caudill, The Strip, Tourism, Tribal, TV, Wynn Resorts | 1 Comment

Tribes brush off Stitt; MGM riles Jewish community

Posted on July 29, 2019 by David McKee

Oklahoma Gov. Kevin Stitt‘s proposal to levy higher exclusivity fees on the Sooner State’s 134 tribal casinos continues to go over like a lead balloon. The guv finds himself in receipt of a letter from all of the state’s gaming-enabled … Continue reading →

Posted in AGA, Atlantic City, California, history, International, Macau, Marketing, MGM Resorts International, Mohegan Sun, Ohio, Oklahoma, Phil Ruffin, Sports, The Strip, Transportation, Tribal, TV | 1 Comment

Strip buoys MGM, Sands

Posted on July 26, 2019 by David McKee

According to JP Morgan analyst Joseph Greff, second-quarter results for MGM Resorts International “were better than (very subdued) investor expectations” on the Strip and in line with anticipation about Macao. Despite weak baccarat volumes in Las Vegas, the company performed “marginally … Continue reading →

Posted in Caesars Entertainment, Detroit, Eldorado Resorts, Harrah's, Las Vegas Sands, Macau, Maryland, Massachusetts, Melco Resorts & Entertainment, MGM Resorts International, Mississippi, New York, Pennsylvania, Singapore, The Strip, Tribal, Wall Street, Wynn Resorts | 1 Comment

Encore accused of cheating players

Posted on July 17, 2019 by David McKee

It didn’t take long for Encore Boston Harbor‘s first scandal to accrue. A class-action lawsuit against the casino is challenging its practices, particularly with regard to that eternal flashpoint, 6:5 blackjack. The suit contends that Encore is not complying with … Continue reading →

Posted in Las Vegas Sands, Macau, Massachusetts, Melco Resorts & Entertainment, MGM Resorts International, Wynn Resorts | Comments Off

Encore Boston Harbor opens hot

Posted on July 15, 2019 by David McKee

JP Morgan analyst Joseph Greff has initiated coverage of Massachusetts and his first dispatch is a corker: Encore Boston Harbor generated $17 million in a single, debutant week of play. That includes $9 million of slot revenue. Wynn Resorts execs … Continue reading →

Posted in Atlantic City, Genting, Maryland, Massachusetts, MGM Resorts International, Mohegan Sun, Penn National, Pennsylvania, Twin River, Wall Street, Wynn Resorts | Comments Off

Sports wagering, ‘Net bets power New Jersey; Slow month in Pennsylvania

Posted on July 15, 2019 by David McKee

Despite being 7% down on a same-store basis, Atlantic City casino revenues grew 14% last month. The $236 million gross represents a 3.5% downturn in slot winnings (down 8.5% same-store) but a 26% jump at the tables (down 3.5% same-store). … Continue reading →

Posted in Atlantic City, Boyd Gaming, Caesars Entertainment, Eldorado Resorts, Greenwood Racing, Hard Rock International, Internet gambling, MGM Resorts International, Mohegan Sun, Movies, Ocean Resort, Penn National, Pennsylvania, Rush Street Gaming, Sports, Sports betting, The Strip, Tilman Fertitta, Tribal | 1 Comment

Ohio prospers, others don’t; Labor trouble at Eldorado

Posted on July 11, 2019 by David McKee

Maryland continues to show signs of casino saturation. Revenue ($143 million) was down 4% last month. Not even MGM National Harbor ($57 million) was immune, off 4%. Slots were up 10% but table games got walloped, down 19%. Still, MGM … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, Carl Icahn, Churchill Downs, Cordish Co., Culinary Union, Dan Gilbert, Eldorado Resorts, Election, Florida, Full House Resorts, Indiana, Isle of Capri, Maryland, MGM Resorts International, Ohio, Penn National, Spectacle Entertainment, Station Casinos, Tropicana Entertainment, Unite-Here, West Virginia | 1 Comment

Cosmo in play; Wynn looking robust

Posted on July 11, 2019 by David McKee

Always a step ahead of the mainstream media, VitalVegas reports that The Cosmopolitan of Las Vegas has been sold. No details are available and the story hasn’t made the wire services, but that’s not going to stop us from speculating. … Continue reading →

Posted in Architecture, Churchill Downs, CityCenter, Cosmopolitan, Dan Lee, Dining, Eldorado Resorts, Macau, Massachusetts, MGM Resorts International, Penn National, Phil Ruffin, Resort fees, The Strip, Tilman Fertitta, Wall Street, Wynn Resorts | Comments Off

Second City uncertainty; Wyoming can’t cowboy up

Posted on July 5, 2019 by David McKee

Chicago‘s permanent casino could take “months or years” to achieve, even if Mayor Lori Lightfoot (D) says “I’m hoping we can get [the site selection] done relatively soon, so we can start the process.” Casino booster Sen. Terry Link (D) is also … Continue reading →

Posted in Architecture, Detroit, Entertainment, Florida, Hard Rock International, Illinois, International, Massachusetts, MGM Resorts International, Politics, Problem gambling, Regulation, Rush Street Gaming, Seminole Tribe, Taxes, William Hill, Wynn Resorts, Wyoming | Comments Off

Touring Vegas; Bus to Nowhere; So long, Sammy

Posted on July 5, 2019 by David McKee

Paste Magazine is having one of those love/hate moments with Las Vegas that seem de rigeur for glossy publications. After a few preliminary digs at the Las Vegas Strip, it settles into a survey of the best places to go … Continue reading →

Posted in Cretins, Dining, Downtown, Entertainment, history, MGM Resorts International, Reno, Sahara, Sam Nazarian, Station Casinos, Terry Caudill, The Mob, The Strip, Tourism, Transportation | 1 Comment

Encore plays it safe; Wynn is for the birds

Posted on July 1, 2019 by David McKee

“Fifty shades of beige.” That’s the Boston Globe‘s verdict on the hotel rooms at Encore Boston Harbor. “There was nothing unpleasant about it, but that meant nearly every design choice was incredibly safe. Before the hotel opened, Encore Boston Harbor … Continue reading →

Posted in Animals, Architecture, Election, Environment, Massachusetts, MGM Resorts International, Station Casinos, Technology, Wynn Resorts | Comments Off

At long last, Encore

Posted on June 28, 2019 by David McKee

After much regulatory spilkes and political infighting, Encore Boston Harbor has come to market and early auguries are good. JP Morgan analyst Joseph Greff got one of the first looks at the property and was “impressed. In short, we think it takes … Continue reading →

Posted in Architecture, Environment, Foxwoods, Massachusetts, MGM Resorts International, New Hampshire, Tourism, Transportation, Wynn Resorts | Comments Off

Dotty’s to rescue Moulin Rouge; Hard Rock’s big plans

Posted on June 27, 2019 by David McKee

Bonafide rescue may be in sight for the acreage upon which the Moulin Rouge once stood. Dotty’s may use some of its considerable cash flow to buy up the land and the Las Vegas City Council is sufficiently eager to … Continue reading →

Posted in Architecture, Dotty's, Downtown, e-sports, Entertainment, Hard Rock International, International, Law enforcement, Lotteries, Massachusetts, MGM Resorts International, Missouri, Moulin Rouge, The Strip, Wynn Resorts | 1 Comment

Vegas gets first tribal casino

Posted on June 26, 2019 by David McKee

My doctor says it behooves me to take it easy, so that can mean only one thing … news briefs! If you were waiting for Native American tribes to put down roots in Las Vegas, wait no longer. Virgin Hotels … Continue reading →

Posted in Alex Meruelo, Animals, Arizona, Boyd Gaming, Downtown, Entertainment, Florida, Hard Rock Hotel, Law enforcement, Marketing, MGM Resorts International, Mohegan Sun, Movies, Sahara, SLS Las Vegas, Sports, Tamares Group, The Strip, Transportation | Comments Off

Encore ready for its closeup; Reinventing Reno

Posted on June 19, 2019 by David McKee

“Industrial afterthought” Everett becomes home to a five-star casino-hotel starting Sunday. Encore Boston Harbor is obviously optimistic, judging by the $650/night base room rate. Of the three gambling-enabled Massachusetts locales, parent company Wynn Resorts got the plum and now it … Continue reading →

Posted in Economy, Galaxy Entertainment, Kansas, Las Vegas Sands, Macau, Massachusetts, Melco Resorts & Entertainment, MGM Resorts International, Missouri, Planet Hollywood, Reno, Sociedade de Jogos de Macau, Taxes, Wynn Resorts | Comments Off