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- You can’t fix stupid; Good-bad news on the bayou
- If you can’t beat ’em, cheat ’em; Fun & games
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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
- Paul Shanahan on MGM crippled; Illinois & Indiana report; Bally’s shaky in Chi
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- Atlantic City rebounds; Sibella dumped; NFL suspicions - 55,553 views
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- MGM crippled; Illinois & Indiana report; Bally’s shaky in Chi - 57,676 views
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Category Archives: MGM Resorts International
New date for The Drew
There are some stirrings of life around the Fontainebleau/The Drew carcass. This week developer Steven Witkoff announced the hiring of Diller Scofidio+ Renfro architectural team to finish the massive hulk, with a new completion date of 2022. (We never bought … Continue reading
Boffo month for New Jersey, Detroit
Atlantic City casinos sprang through March with a 16% revenue boost (albeit 5% cannibalization of last year’s grosses), booking $223 million, including a 18.5% surge in slot win while table games were up 9% (albeit down 13% on a same-store … Continue reading
Posted in Atlantic City, Boyd Gaming, Caesars Entertainment, Churchill Downs, Dan Gilbert, Detroit, Eldorado Resorts, Greenwood Racing, Hard Rock International, Internet gambling, Las Vegas Sands, MGM Resorts International, Mohegan Sun, New Jersey, Ocean Resort, Penn National, Pennsylvania, Racinos, Rush Street Gaming, Sports, Sports betting, Tilman Fertitta
2 Comments
Rosenstein rebutted; Kiddie slots in U.K.
Deputy Attorney General Rod Rosenstein received a smackdown from a federal court. Judge Paul Barbadoro ruled that not only had Rosenstein failed to convince him that New Hampshire‘s online lottery wasn’t covered under the new interpretation of the Federal Wire … Continue reading
Posted in Atlantic City, Bruce Deifik, Dining, e-sports, Georgia, Glenn Straub, International, Internet gambling, Marketing, MGM Resorts International, New Hampshire, New Jersey, Ocean Resort, Problem gambling, Puerto Rico, Regulation, Sheldon Adelson, Sports betting, Taxes, Texas
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Around the horn
Gambling revenue hit a record amount in Maryland last month, up 9% to $164 million. The good news for MGM National Harbor was that winnings were up 4% to $64 million. The bad news is that this was driven by … Continue reading
Posted in Affinity Gaming, Ameristar, Boyd Gaming, Caesars Entertainment, Churchill Downs, Cordish Co., Dan Gilbert, Eldorado Resorts, Full House Resorts, GLPI, Golden Gaming, Hard Rock International, Illinois, Indiana, Isle of Capri, Maryland, MGM Resorts International, Missouri, Ohio, Penn National, Racinos, Rush Street Gaming, Taxes, Tribal, Wall Street, West Virginia
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Steve Wynn 86’d; Icahn & Fertitta talk turkey
In an obvious attempt to placate the Massachusetts Gaming Commission, after a bruising set of hearings, Wynn Resorts has filed a legal brief in the Bay State, requesting permission to bar Steve Wynn from all Wynn Resorts properties. This is, in our … Continue reading
Free-market forces in Atlantic City; Wire Act flip-flop
As one might anticipate in a highly competitive free market, the upsized Atlantic City casino industry saw 15% less cash flow last year. This is only to be expected with the addition of Hard Rock Atlantic City and Ocean Resort. Far … Continue reading
Wynn bids for Crown Resorts; MGM garners lofty accolades
In the latest episode from this winter’s senseless round of buy-or-be-bought transactions, Wynn Resorts has tendered an offer to Crown Resorts. Presumably the fun has gone out of tying James Packer‘s shoelaces together. The transaction, while would transform Wynn into … Continue reading
Posted in Atlantic City, Australia, Carl Icahn, Dan Gilbert, Environment, Galaxy Entertainment, Hard Rock International, history, Japan, Las Vegas Sands, Macau, Massachusetts, Melco Resorts & Entertainment, MGM Resorts International, Ohio, Sexual misconduct, Steve Wynn, Unite-Here, Wall Street, Wynn Resorts
1 Comment
Circa rustles up $$; Wynn slammed
Despite some distant jingoism in the halls of Congress, Derek Stevens in still putting his money—so to speak—on EB-5 investors. This Web site opens with a slide show of a soon-to-be Downtown icon, Circa, followed by the copy, “We have chosen … Continue reading
Posted in Derek Stevens, Downtown, Lucky Dragon, Massachusetts, MGM Resorts International, Movies, Regulation, Rhode Island, Sexual misconduct, SLS Las Vegas, Sports, Sports betting, Steve Wynn, Taxes, The Strip, Wall Street, Wynn Resorts
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MGM Calgary?!?; Virginity postponed
Having long since abandoned its designs on Toronto, it seems MGM Resorts International is looking even deeper into the Great White North. According to DailyHive.com, MGM is pitching a $5.1 billion gambling and residential complex in downtown Calgary. Obviously New … Continue reading
Posted in Architecture, Australia, DFS, Hard Rock Hotel, International, Louisiana, MGM Resorts International, Politics, Sports betting
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News briefs from around the globe
It’s the end of an era at Hard Rock Rocksino in Ohio. This week it becomes MGM Northfield Park, a completely uninspiring handle that reeks of insecurity. Dan Gilbert, if you’re ever going to make a run for the top … Continue reading
West Virginia joins ‘Net-bet pack; Conventioneers flood the Strip
And then there were five. Internet gambling was legalized in West Virginia this week, as was i-poker. Gov. Jim Justice (R) appears to have been opposed to the law—or to giving political opponents a stick to beat him with—so he … Continue reading
Baccarat undercuts the Strip; Japan shows its hand
Is our trade war with China inflicting collateral damage on the Las Vegas Strip? That’s one theory for anemic Chinese New Year visitation that led to a 2% downturn in gaming receipts last month. By contrast, last year saw an … Continue reading
Posted in Boulder Strip, Downtown, Economy, Internet gambling, Japan, Lake Tahoe, Laughlin, Mesquite, MGM Resorts International, Nevada, North Las Vegas, Philippines, Problem gambling, Regulation, Reno, Taxes, The Strip, Wendover
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Blackout at Boyd; Virginia ponies propped up
Boyd Gaming appears to have stepped in it, big time, according to former Ameristar St. Charles sales director Kim Carpenter. She’s suing the casino over her dismissal, which she alleges followed her complaints about sexual discrimination and retaliation. After booking a … Continue reading
Case Bets
It’s try, try again time for New Hampshire‘s Legislature, as it attempts to enact casino gambling. The state senate has narrowly passed a casino-enabling bill but it still needs to go through the lower house and receive the signature of … Continue reading
Posted in Arkansas, DFS, Entertainment, history, Las Vegas Sands, Macau, Massachusetts, MGM Resorts International, New Hampshire, Politics, Racinos, Regulation, Sports betting
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Astral sighting; Cuomo nixes Gotham casinos
Urban blight along the Las Vegas Strip could be (partially) giving way to new casino development. Resort entrepreneur Asher Gabay has found the Promised Land in Las Vegas, where he hopes to take a run at the boutique-hotel concept. His … Continue reading
Posted in Connecticut, Fontainebleau, Foxwoods, Genting, Internet gambling, Las Vegas Raiders, Las Vegas Sands, MGM Resorts International, Mohegan Sun, New York, Politics, Regulation, Sports, Sports betting, Steven Witkoff, The Strip, Tribal, Virginia
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Caesars: Running numbers; Showboat is back
JP Morgan‘s Daniel Politzer ran the numbers on an Eldorado Resorts buyout of Caesars Entertainment and finds it doable. His model is predicated on a $10.50/share purchase of CZR stock, currently trading at $8.56. That’s a pretty good deal for … Continue reading
MGM: The first shall be last … or something like that
Closing out the J.P. Morgan Gaming & Lodging Management Access Forum were execs from MGM Resorts International. The company’s four priorities were stated as 1) drive organic growth, 2) bring new properties up to speed in terms of revenue performance, 3) … Continue reading
Eldorado explores Caesars takeover; MGM says ‘Play ball!’
Since corporate mergers, once begun, develop a momentum all their all own, it was inevitable that someone would step forward to explore a purchase of Caesars Entertainment, regardless of whether it is a good idea, risking a second bankruptcy. In … Continue reading
Posted in Architecture, Atlantic City, Baseball, Caesars Entertainment, Eldorado Resorts, Genting, Internet gambling, Japan, Las Vegas Sands, Law enforcement, Macau, Marketing, Melco Resorts & Entertainment, MGM Resorts International, New York, Politics, Sheldon Adelson, Sports, Tilman Fertitta
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Heavy action prophesied for March Madness; Death at Bellagio
“Unlike any other sporting event in the country, March Madness attracts millions who fill out brackets, make casual bets with friends or wager at a legal sports book, which Americans can now do more than ever before.” With those words … Continue reading
Meet the REITs; Station’s full platter
JP Morgan analysts met with MGM Growth Properties CEO James Stewart and CFO Andy Chien, whose assured them that MGP had a full pipeline of deals. (Could MGM Resorts International inoculate itself against the Federal Trade Commission by running a … Continue reading