Category Archives: MGM Resorts International

Macao: Waiting to exhale; Trump gets favorable odds

Posted on March 15, 2019 by David McKee

Macao‘s government has announced—in what is not exactly a surprise—that it will extend the MGM China and Sociedade de Jogos de Macau concessions until June 26, 2022. This not only creates a level playing field for all concessionaires, it gives … Continue reading →

Posted in Donald Trump, Economy, Election, International, Macau, MGM Resorts International, Penn National, Pennsylvania, Service, Sociedade de Jogos de Macau | Comments Off

MGM covets Caesars; Rio up for grabs … again

Posted on March 14, 2019 by David McKee

As Carl Icahn continues to up his stake in Caesars Entertainment, the already-tortuous saga has developed some new complexities. For one, outgoing CEO Mark Frissora has revealed he wasn’t jumped, he was pushed. “The board has stated that they would like … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, Carl Icahn, e-sports, Economy, Eldorado Resorts, LVCVA, Marijuana, MGM Resorts International, New Mexico, Penn National, Pennsylvania, Regulation, Sports betting, Tilman Fertitta, Tribal, Wall Street | 2 Comments

Atlantic City rallies, Pennsylvania snoozes

Posted on March 14, 2019 by David McKee

Given that a certain amount of cannibalization was inevitable with the debuts of two new casinos on the Boardwalk, a 5% February decline in same-store gambling revenue has to considered a pretty good result. The market overall was up a … Continue reading →

Posted in Atlantic City, Boyd Gaming, Caesars Entertainment, Churchill Downs, Dan Gilbert, Detroit, Eldorado Resorts, Genting, Greenwood Racing, Hard Rock International, Las Vegas Sands, MGM Resorts International, Mohegan Sun, Ocean Resort, Penn National, Pennsylvania, Racinos, Rush Street Gaming, Sports betting, Tilman Fertitta, William Hill | 4 Comments

Controversy embroils Wynn in Massachusetts

Posted on March 12, 2019 by David McKee

Sheldon Adelson‘s old sparring partner, Judge Elizabeth Gonzalez, was ruling on a Steve Wynn lawsuit last week, dismissing litigation against the Massachusetts Gaming Commission in light of the latter’s abject subjugation, er, settlement with Wynn. “The commission executed this action … Continue reading →

Posted in Architecture, CityCenter, Florida, Hard Rock International, Horseracing, Majestic Star, Massachusetts, MGM Resorts International, Minnesota, Mississippi, Nevada, Problem gambling, Regulation, Sports betting, Steve Wynn, Tribal, Wynn Resorts | Comments Off

Busy week for MGM; Adelson’s grim prognosis

Posted on March 12, 2019 by David McKee

Congratulations to MGM Resorts International on becoming the official casino sponsor of the Boston Red Sox (known around my house as “the Evil Empire”). I’m not sure how I feel about the MGM logo going up on the Green Monster, … Continue reading →

Posted in Atlantic City, Baseball, Eldorado Resorts, history, Horseracing, Internet gambling, Japan, Las Vegas Sands, Laughlin, Massachusetts, MGM Resorts International, Michigan, Mississippi, Politics, Problem gambling, Real Estate, Regulation, Security, Sheldon Adelson, Sports, Sports betting, Steve Wynn, Taxes, Technology, Tribal, Tropicana Entertainment, William Hill | 1 Comment

Business as usual

Posted on March 8, 2019 by David McKee

Ohio casinos grossed $155 million last month, a 5.5% increase. Hollywood Toledo was 2.5% to $16 million and Hollywood Columbus rose 3% to $19 million. Hollywood Dayton was also up 3% to $9 million. Hollywood Mahoning Valley leapt 7% to $10 … Continue reading →

Posted in Ameristar, Animals, Boyd Gaming, Caesars Entertainment, California, Cantor Gaming, Churchill Downs, Dan Gilbert, Eldorado Resorts, Full House Resorts, Horseracing, Indiana, Japan, M Resort, Macau, Majestic Star, Massachusetts, MGM Resorts International, Movies, Ohio, Penn National, Regulation, Sports betting, The Strip, Wall Street, William Hill, Wynn Resorts | Comments Off

MGM: No robots here; Resort fees fester

Posted on March 8, 2019 by David McKee

Our post yesterday about “robot” bartenders coming to MGM Resorts International properties on the Las Vegas Strip struck a nerve in the lion’s den. Understandably concerned with the mental image of customers expecting to get their drinks from a Cylon, … Continue reading →

Posted in Caesars Entertainment, Carl Icahn, CityCenter, Culinary Union, Downtown, Economy, history, M Resort, MGM Resorts International, Penn National, Resort fees, Technology, The Strip, Wall Street | 1 Comment

Illinois: Sunken treasure; Maryland finally maxes out

Posted on March 7, 2019 by David McKee

Like February 2018, last month was bad for Illinois casinos, sliding another 6.5% into the maw of slot routes. One outlier should be noted: Harrah’s Metropolis was and remains closed due to flooding, causing a 32% precipice in revenue, grossing … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, Cordish Co., Eldorado Resorts, Illinois, Maryland, MGM Resorts International, Penn National, Rush Street Gaming, Slot routes, Wall Street, West Virginia | Comments Off

MGM hires robots; Pariplay saves rhinos

Posted on March 7, 2019 by David McKee

VitalVegas beat the mainstream medium to the news that MGM Resorts International is bringing to the Las Vegas Strip something it’s been test-driving at MGM National Harbor and MGM Springfield: automated bartenders. As you might guess this is part of … Continue reading →

Posted in Animals, Charity, Current, Economy, Internet gambling, MGM Resorts International, Mississippi, Security, South Dakota, Sports betting, Technology, The Strip | 1 Comment

More Tamares tomfoolery; MGM evicts Hard Rock brand

Posted on March 4, 2019 by David McKee

Tamares Group has been up to its usual shenanigans, using the Plaza Hotel as a stalking horse. The latter slapped a quickie eviction notice on the Beauty Bar, citing multiple incidents involving repeated calls to Las Vegas Metro as the … Continue reading →

Posted in Affinity Gaming, Architecture, Caesars Entertainment, Carl Icahn, Election, Entertainment, Hard Rock International, International, Internet gambling, Law enforcement, Maryland, MGM Resorts International, New Hampshire, New Jersey, Ohio, Palms, Sports betting, Station Casinos | 1 Comment

PGA gives itself a mulligan; MGM sharpens the axe

Posted on March 1, 2019 by David McKee

Despite having cried out for federal regulation of sports betting, the PGA Tour is willing to look the other way if its players opt to be sponsored by the gaming industry. “Because of the Supreme Court’s decision last year, and because … Continue reading →

Posted in Charity, Culinary Union, Galaxy Entertainment, International, Japan, Las Vegas Sands, Law enforcement, Macau, Melco Resorts & Entertainment, MGM Resorts International, Sports, Sports betting, The Strip, Virginia, Wall Street, Wynn Resorts | Comments Off

Adelson ailing; Coup d’etat at Caesars

Posted on March 1, 2019 by David McKee

Last night, KTNV-TV reported that James Jimmerson, an attorney for Sheldon Adelson, had declared the mogul’s condition to be “dire.” Subsequently it was disclosed that Adelson has been diagnosed with cancer and hasn’t been to his office since Christmastime. The … Continue reading →

Posted in Baseball, Caesars Entertainment, Carl Icahn, Current, Entertainment, International, Japan, Las Vegas Sands, Macau, MGM Resorts International, Politics, Sheldon Adelson, Sports, The Strip, Tourism | Comments Off

SJM Fok-ed up; Virginia approves casinos

Posted on February 28, 2019 by David McKee

Lucina Laam may be the most important person in Macao‘s turbulent casino history. As Wife #2 of Stanley Ho she bore Daisy Ho, Pansy Ho, Lawrence Ho and two other daughters not involved in the gaming biz. Now, in an … Continue reading →

Posted in Atlantic City, Caesars Entertainment, DFS, Donald Trump, Downtown Grand, Environment, history, International, Las Vegas Sands, Lawrence Ho, Macau, Marketing, Maryland, Massachusetts, Melco Resorts & Entertainment, MGM Resorts International, New York, Pansy Ho, Pennsylvania, Politics, Singapore, Sociedade de Jogos de Macau, Stanley Ho, Technology, Tribal, Virginia | Comments Off

MGM, Eldorado, Churchill Downs looking up

Posted on February 28, 2019 by David McKee

Credit Suisse‘s Cameron McKnight flew out to San Francisco to meet with MGM Resorts International CEO Jim Murren. The biggest headline item would be the eccentricity of Murren choosing to meet in Frisco rather than at MGM HQ in Las … Continue reading →

Posted in Architecture, Atlantic City, Caesars Entertainment, Churchill Downs, DFS, Eldorado Resorts, history, Horseracing, Illinois, Internet gambling, Louisiana, Marketing, Maryland, Massachusetts, MGM Resorts International, MTR Gaming, Neil Bluhm, Ocean Resort, Resort fees, Rush Street Gaming, The Strip, Wall Street | 1 Comment

Sands: Buy Japanese; Gambling to come to Utah?

Posted on February 25, 2019 by David McKee

“It will be highly competitive, but I think the cards are stacked in the favor of those who are prepared, who have been working hard, who will have the best program, best strategy, the best understanding of the country, of … Continue reading →

Posted in Atlantic City, DFS, Horseracing, Internet gambling, Japan, Kentucky, Las Vegas Sands, MGM Resorts International, Ocean Resort, PokerStars, Politics, Sheldon Adelson, Sports, Sports betting | Comments Off

Strip moolah propels Caesars; Boyd impresses

Posted on February 22, 2019 by David McKee

Caesars Entertainment reported 4Q18 results yesterday, playing to generally rave notices from Wall Street. “Very good” and “Excellent” were the initial reactions of Credit Suisse analyst Cameron McKnight. He noted 8% revenue growth in Las Vegas on only 1.5% cost … Continue reading →

Posted in Atlantic City, Boyd Gaming, Carl Icahn, Centaur Gaming, Hawaii, Illinois, Iowa, Kansas, Mandalay Bay Massacre, MGM Resorts International, Ohio, Pennsylvania, Pinnacle Entertainment, Slot routes, Taxes, The Strip, Wall Street | Comments Off

Iowa weighs sports betting; Miller time

Posted on February 21, 2019 by David McKee

Iowa casinos and DFS would be the winners if a new bill, which just passed out of a Senate State Government Committee, becomes law. Casinos would be given the right to operate terrestrial, mobile and online sports betting, and DFS would … Continue reading →

Posted in AGA, DFS, Downtown, Economy, Horseracing, Iowa, Massachusetts, MGM Resorts International, Oklahoma, Politics, Racinos, Regulation, Sexual misconduct, Sports, Sports betting, Taxes, The Mob, The Strip, Tribal, TV, William Hill, Wynn Resorts | Comments Off

Chronicle of a disaster foretold

Posted on February 19, 2019 by David McKee

It’s time for Caesars Entertainment‘s quarterly earnings call and, by way of a preview, JP Morgan analyst Daniel Politzer took a relatively dim view of selling the company as a cure for whatever ails it. “While we understand activists’ rationale … Continue reading →

Posted in Atlantic City, Caesars Entertainment, Carl Icahn, Eldorado Resorts, Horseracing, International, Las Vegas Sands, MGM Resorts International, New Jersey, Politics, The Strip, Tilman Fertitta, Tropicana Entertainment, Wall Street, Wynn Resorts | 2 Comments

MGM beats The Street

Posted on February 18, 2019 by David McKee

MGM Resorts International says it is no longer going to give Wall Street forward guidance on earnings. Why not? It beat its own forecasts by 3% on the Las Vegas Strip, 4% in its regional properties and 8% in all-important … Continue reading →

Posted in International, Internet gambling, Macau, Massachusetts, MGM Resorts International, Politics, Rhode Island, Sports, Sports betting, The Strip, Wall Street | Comments Off

Atlantic City: Ocean Resort stages a rally

Posted on February 15, 2019 by David McKee

Atlantic City is weathering the winter months about as well as can realistically be hoped. Same-store revenues were down 8% last month but up 9% overall. Ocean Resort ($12.5 million) actually crept past Bally’s ($12 million) and up on Resorts … Continue reading →

Posted in Atlantic City, Boyd Gaming, Bruce Deifik, Caesars Entertainment, Churchill Downs, Dan Gilbert, Detroit, Eldorado Resorts, Genting, Greenwood Racing, Hard Rock International, Internet gambling, Las Vegas Sands, MGM Resorts International, Mohegan Sun, New Jersey, New York, Penn National, Pennsylvania, Racinos, Rush Street Gaming, Sports betting, Tilman Fertitta | Comments Off