Category Archives: MGM Resorts International

FanDuel fumbles; Cuomo beats Senecas

Posted on January 10, 2019 by David McKee

“It has been a dominant season for the Crimson Tide and our traders have seen enough.” With those words, FanDuel proceeded to pay out $400,000 to University of Alabama bettors, even though the national collegiate championship game had not yet … Continue reading →

Posted in history, MGM Resorts International, New York, Sports, Sports betting, Taxes, The Strip, Tribal, Wall Street | Comments Off

Maryland impressive but Ohio spectacular

Posted on January 8, 2019 by David McKee

Gaming-revenue growth in Maryland cooled a bit last month, coming in at 5% up for a total of $148 million. It’s basically a two-casino market, with MGM National Harbor controlling 40.5% and Maryland Live at 34% and Horseshoe Baltimore an … Continue reading →

Posted in Boyd Gaming, Churchill Downs, Cordish Co., Dan Gilbert, Economy, Eldorado Resorts, Golden Gaming, Maryland, MGM Resorts International, Ohio, Penn National, West Virginia | 1 Comment

MGM gets new admirer; Okada busted again

Posted on January 8, 2019 by David McKee

JP Morgan has initiated analyst-focus coverage of MGM Resorts International “as we see an increasingly favorable setup for 2019” that includes “relatively low expectations in Las Vegas.” Morgan analyst Joseph Greff applauded the upcoming pogrom of the MGM workforce, as well … Continue reading →

Posted in Caesars Entertainment, Detroit, Entertainment, Foxwoods, Kazuo Okada, Law enforcement, Louisiana, Macau, Massachusetts, MGM Resorts International, Mohegan Sun, New York, Ohio, Penn National, Philippines, Regulation, Rhode Island, Sports, Steve Wynn, The Strip, Wall Street, Wynn Resorts | 1 Comment

Philly Live shows signs of life; Sports betting no cure-all

Posted on January 7, 2019 by David McKee

Cordish Gaming‘s $700 million Philadelphia casino project (now with 100% less Watouche “Bob” Manoukian) has been postponed two years. However, in a sign of forward progress, Cordish has signed a general contractor and pledged “substantial completion” by 2020. It remains … Continue reading →

Posted in Architecture, Atlantic City, Boyd Gaming, Caesars Entertainment, Colorado, Cordish Co., Horseracing, Louisiana, Marijuana, MGM Resorts International, Nevada, New Jersey, New York, Ohio, Penn National, Pennsylvania, Sports betting, Taxes, Wall Street | 3 Comments

Caesars fights human trafficking; Modified rapture in Macao

Posted on January 4, 2019 by David McKee

“Victims of human trafficking, including those involved in the commercial sex industry, do not choose to participate. Rather, they are manipulated, brainwashed and forced based on unforeseen and, oftentimes, seemingly inescapable circumstances. We are deeply committed to eliminating sex trafficking and all … Continue reading →

Posted in Caesars Entertainment, Economy, International, Las Vegas Sands, Macau, MGM Resorts International, Regulation, Taxes, William Hill, Wynn Resorts | 1 Comment

Lady Gaga vanquishes the Strip

Posted on January 3, 2019 by David McKee

“Energy and heart.” That’s what Lady Gaga has brought to the Las Vegas Strip, according to early notices of Enigma. If you’ve seen A Star Is Born, you know that the sky’s the limit for Her Ladyship’s talent (even though the … Continue reading →

Posted in Caesars Entertainment, Cirque du Soleil, Entertainment, Golden Gaming, Marketing, MGM Resorts International, New York, The Strip, Tribal | Comments Off

Death and debauchery

Posted on January 3, 2019 by David McKee

by Jessica Kane, special to Stiffs & Georges Nicknamed the City of Sin, Las Vegas is no stranger obscene behavior. Only, not all guests are satisfied by the usual debauchery. Read along to learn about six shocking crimes committed in … Continue reading →

Posted in history, Law enforcement, Mandalay Bay Massacre, MGM Resorts International, Security, Station Casinos, Westgate LV | 1 Comment

Berman returns; All-star New Year’s Eve

Posted on December 28, 2018 by David McKee

Don’t say you can’t teach an old dog new tricks. Lyle Berman, 77, who was once in on the ground floor of tribal gaming is now purchasing two companies with the purpose of merging them to form an e-sports major … Continue reading →

Posted in Architecture, Caesars Entertainment, California, Downtown, e-sports, Economy, Entertainment, Genting, International, Lyle Berman, Marketing, MGM Resorts International, Nevada, PokerStars, Security, Sports, Sports betting, The Strip, Wynn Resorts | Comments Off

Dover Downer; Pilgrims rally to Wampanoags’ side

Posted on December 26, 2018 by David McKee

With an audible “Bah, humbug!”, Dover Downs became the first Delaware racino to operate on Christmas Day. While CEO Denis McGlynn claimed “This was not something we’ve been pushing hard for,” in his negotiations with the state, he didn’t hesitate to … Continue reading →

Posted in Delaware, history, International, Massachusetts, MGM Resorts International, Politics, Racinos, Rush Street Gaming, Scientific Games, Technology, Tribal | Comments Off

Wynn at risk; Christmas stocking for Station, Boyd, etc.

Posted on December 26, 2018 by David McKee

Steve Wynn might want to think twice about buying back into Wynn Resorts. Stock analyst Frank Fantini thinks the company’s Macao holdings might be made an example in the U.S./China trade war. Fantini believes Beijing could target “companies that are not … Continue reading →

Posted in Boyd Gaming, Economy, Golden Gaming, Macau, MGM Resorts International, Nevada, Pansy Ho, Reno, Sheldon Adelson, Station Casinos, Steve Wynn, Wall Street, Wynn Resorts | Comments Off

Bad idea refuses to die; E-sports comes to the Boardwalk

Posted on December 20, 2018 by David McKee

Sens, Chuck Schumer (D) and Orrin Hatch (R), forever in search of bad ideas to espouse, it would seem, have introduced the Sports Wagering Market Integrity Act of 2018. There’s no mention of Hatch’s cockamamie notion of individual states having … Continue reading →

Posted in AGA, Atlantic City, Dining, e-sports, Economy, Marketing, MGM Resorts International, New Jersey, Politics, Racinos, Sports, Sports betting, Station Casinos, The Strip, Tourism, Wall Street | 1 Comment

New boss at AGA; Route 91 Harvest returns

Posted on December 17, 2018 by David McKee

Replacing Geoff Freeman, the American Gaming Association has tapped Business Roundtable Senior Vice President for Government Relations Bill Miller. A Beltway lobbyist of two decades’ standing, Miller should be able to hit the ground running. Thirteen years of lobbying on … Continue reading →

Posted in AGA, Baseball, Caesars Entertainment, California, Eldorado Resorts, Entertainment, Geoff Freeman, Greenwood Racing, Las Vegas Sands, Law enforcement, Mandalay Bay Massacre, MGM Resorts International, Penn National, Pennsylvania, Rush Street Gaming, Scientific Games, Sheldon Adelson, Sports, Sports betting, Tamares Group, The Strip, Tribal, TV | 3 Comments

Newcomers lose ground in Atlantic City

Posted on December 13, 2018 by David McKee

November was good for Atlantic City, up 12.5% and down only 5% on a same-store basis. The $209 million haul was propelled by a 12.5% increase in slot win and a 13.5% jump in table revenues. A 17% drop in table … Continue reading →

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

Moderate-sized trouble in Little China

Posted on December 12, 2018 by David McKee

There’s trouble ahead for Macao but the casino industry has plenty of time to brace for impact. Credit in China is down 6% year over year. As Credit Suisse analyst Cameron McKnight reports, “Weak credit data is likely to exacerbate … Continue reading →

Posted in Dining, Economy, Galaxy Entertainment, Las Vegas Sands, Macau, Melco Resorts & Entertainment, MGM Resorts International, Sociedade de Jogos de Macau, Tourism, Transportation | Comments Off

SJM: Aren’t we special?

Posted on December 11, 2018 by David McKee

Sociedade de Jogos de Macau must think it’s pretty special. While its straggling Grand Lisboa Palace will stock some table games via the ‘cap-and-trade’ formula used by other operators, it has loftily informed the press that it expects the Macao … Continue reading →

Posted in Economy, Galaxy Entertainment, Las Vegas Sands, Macau, Melco Resorts & Entertainment, MGM Resorts International, Movies, Regulation, Sheldon Adelson, Singapore, Sociedade de Jogos de Macau, Tourism, Wynn Resorts | Comments Off

Vegas ranks high for New Year’s Eve; MGM Springfield initiates bus service

Posted on December 10, 2018 by David McKee

WalletHub is out with a New Year’s Eve survey that ranks Las Vegas as the fifth-best city in which to celebrate the holiday, New York City (of course) led the list, followed by Los Angeles, Atlanta (see, we need casinos … Continue reading →

Posted in Atlantic City, California, Connecticut, Foxwoods, Georgia, Japan, Lawrence Ho, Marketing, Massachusetts, Melco Resorts & Entertainment, MGM Resorts International, Mohegan Sun, New Hampshire, New York, Philippines, Problem gambling, Reno, Sports, The Strip, Transportation, Tribal | Comments Off

Ruffin over Miami; Satre to state Wynn’s case

Posted on December 10, 2018 by David McKee

“I look forward to entering the Miami gaming market through this acquisition. We have exciting plans for Casino Miami that we will be revealing in the near future.” With those words Phil Ruffin took possession of the $155 million casino, … Continue reading →

Posted in Election, Florida, International, Internet gambling, Las Vegas Sands, Macau, Massachusetts, MGM Resorts International, Mohegan Sun, New Jersey, New York, Phil Ruffin, Politics, Regulation, Seminole Tribe, Sexual misconduct, Sports betting, Steve Wynn, Wall Street, Wynn Resorts | Comments Off

MGM, Cordish clean up in Maryland; Pennsylvania a cash cow

Posted on December 7, 2018 by David McKee

It was another good month at MGM National Harbor, which grossed almost $2 million per day in November, an above-average take for the pleasure palace. Slots were up 15% (to $31 million) while table games leapt 46%, grossing $26 million. … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, Churchill Downs, Cordish Co., DFS, Economy, Eldorado Resorts, GLPI, Golden Gaming, Illinois, Internet gambling, Japan, Macau, Maryland, MGM Resorts International, New Jersey, Penn National, Pennsylvania, Rush Street Gaming, Sports betting, Taxes, Tourism, Transportation, Wall Street, West Virginia | Comments Off

Big Beaver and other Case Bets

Posted on December 6, 2018 by David McKee

Sands China has upped its capital commitment to Sands Cotai (aka The Londoner) as its Four Seasons is scheduled for a $450 million upgrade. The Sands Cotai makeover is now budgeted at $2.2 billion, a hefty vote of confidence in the … Continue reading →

Posted in Environment, Hard Rock International, Las Vegas Sands, Macau, MGM Resorts International, Pennsylvania, Transportation | 1 Comment

Resorts World LV delayed (again); Lady Gaga reigns supreme

Posted on December 6, 2018 by David McKee

Resorts World Las Vegas has reached the 39th of a projected 60 floors. However, Genting Group is cautiously hedging its bet, telling Credit Suisse analyst Cameron McKnight the resort will be finished “by 2020,” not late 2019, as stated previously. Somehow … Continue reading →

Posted in CityCenter, Derek Stevens, Downtown, Dubai, Economy, Entertainment, Genting, Macau, MGM Resorts International, Wall Street | 2 Comments