Category Archives: MGM Resorts International

MGM: The lion meows; Nevada sets sports-betting record

Posted on October 31, 2018 by David McKee

“Good quarter against low expectations” pretty well summarizes Wall Street‘s reaction to MGM Resorts International‘s 3Q18. (And we have to say that MGM leadership did a masterly job of minimizing anticipation well ahead of time.) JP Morgan analyst Joseph Greff admitted … Continue reading →

Posted in Economy, IGT, International, Macau, Mandalay Bay Massacre, Maryland, Massachusetts, MGM Resorts International, Nevada, Sports betting, The Strip, Wall Street | Comments Off on MGM: The lion meows; Nevada sets sports-betting record

DFS wins one, loses one

Posted on October 30, 2018 by David McKee

FanDuel and DraftKings are in trouble in New York again. While holding that they didn’t violate state penal law, acting Supreme Court Justice Gerald Connolly split the baby by ruling DFS unconstitutional, a big victory for anti-gambling groups that had brought … Continue reading →

Posted in DFS, Indiana, International, Internet gambling, Law enforcement, MGM Resorts International, New York, Penn National, Resort fees, Sports, Sports betting, The Strip | Comments Off on DFS wins one, loses one

Massachusetts’ fate tied to Wynn’s

Posted on October 29, 2018 by David McKee

There’s light at the end of Wynn Resorts‘ tunnel in Massachusetts. Trouble is, it won’t arrive until December and it will take the form of an investigative report, nearly a year in the making, from the Massachusetts Gaming Commission (postponed … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, Cordish Co., Greenwood Racing, Harrah's, history, International, Iowa, Massachusetts, MGM Resorts International, Nebraska, Pennsylvania, Pinnacle Entertainment, Regulation, Sexual misconduct, Sports, Sports betting, Steve Wynn, Tribal, William Hill, Wynn Resorts | Comments Off on Massachusetts’ fate tied to Wynn’s

Z covets Full House; Caesars: Fertitta out, MGM in?

Posted on October 29, 2018 by David McKee

Having recently subsumed Affinity Gaming, the eyes of Z Capital Partners have turned toward Full House Resorts. However, Z’s opening bid is so low that it looks like a typo: $1.79/share. That’s $132.5 million for five casinos. CEO Dan Lee … Continue reading →

Posted in Affinity Gaming, Caesars Entertainment, Current, Dan Lee, Full House Resorts, G2E, International, Law enforcement, Marketing, Melco Resorts & Entertainment, MGM Resorts International, Philippines, Sheldon Adelson, Sports, Tilman Fertitta, Wall Street | Comments Off on Z covets Full House; Caesars: Fertitta out, MGM in?

Rodio rebounds; Philly casino kaput

Posted on October 25, 2018 by David McKee

That was quick. Affinity Gaming made room in the CEO’s office in order to give the job to Tony Rodio. Newly unemployed, Tropicana Entertainment having been dissolved into Eldorado Resorts, Rodio wasn’t on the bread line for long. Rodio had … Continue reading →

Posted in Affinity Gaming, Atlantic City, Cordish Co., Greenwood Racing, International, MGM Resorts International, Pennsylvania, Problem gambling, Tropicana Entertainment | 3 Comments

New era in Macao; Joy and misery in Louisiana

Posted on October 23, 2018 by David McKee

Beginning tomorrow, travel to Macao becomes much easier, as the Zhuhai bridge connecting Hong Kong and Macao officially opens. The ribbon is cut at 9 a.m. and several bus services are at the ready to make the half-hour run, compared … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, Churchill Downs, Dan Gilbert, Eldorado Resorts, Galaxy Entertainment, GLPI, Isle of Capri, Las Vegas Sands, Louisiana, Macau, Marketing, Maryland, MGM Resorts International, Pinnacle Entertainment, Sociedade de Jogos de Macau, Sports, Tilman Fertitta, Tourism, Transportation | Comments Off on New era in Macao; Joy and misery in Louisiana

Hard Rock, Trop push for sports books; Sands Bethlehem slammed at the tables

Posted on October 22, 2018 by David McKee

Atlantic City is getting caught up with customers’ fever for sports betting. Both the Hard Rock Atlantic City and Tropicana have applied for licensure of their sports books. Both are outsourcing the operation of the books. The Trop is going … Continue reading →

Posted in Atlantic City, Bruce Deifik, Caesars Entertainment, Charity, Connecticut, e-sports, Eldorado Resorts, Foxwoods, Genting, Greenwood Racing, Hard Rock International, Internet gambling, Las Vegas Sands, Macau, MGM Resorts International, Mohegan Sun, Pennsylvania, Politics, Regulation, Sports betting, Taxes | Comments Off on Hard Rock, Trop push for sports books; Sands Bethlehem slammed at the tables

Illinois tries, tries again; I, robot

Posted on October 18, 2018 by David McKee

Here we go again. Illinois solons will once more take up the question of casino expansion in the Land of Lincoln. However, other and more pressing gambling concerns may take priority. In addition to Internet gambling there is the quick … Continue reading →

Posted in AGA, Caesars Entertainment, Culinary Union, DFS, Economy, GLPI, Illinois, International, Internet gambling, Lawrence Ho, MGM Resorts International, Politics, Racinos, Regulation, Sports betting, Taxes, Technology, Wynn Resorts | Comments Off on Illinois tries, tries again; I, robot

Tilman covets Roman empire; Bellagio turns 20

Posted on October 18, 2018 by David McKee

Tilman Fertitta is the maverick among mavericks in the casino industry, beating veteran operators at their own game and doing it as some one who entered the industry as a novice and immediately began to strike gold. More recently, he’s … Continue reading →

Posted in Caesars Entertainment, Dan Gilbert, Dining, Economy, history, Internet gambling, MGM Resorts International, New Jersey, Sheldon Adelson, Texas, The Strip, Tilman Fertitta | 3 Comments

It’s Adelson’s nation, we just live here

Posted on October 17, 2018 by David McKee

If democracy is for sale then Sheldon Adelson appears to have the winning bid. Having already pumped $55 million into the Senate Leadership Fund and Congressional Leadership Fund earlier this year, he’s donating untold millions more in an 11th-hour attempt … Continue reading →

Posted in Election, Entertainment, Japan, Las Vegas Sands, Law enforcement, LVCVA, Macau, MGM Resorts International, Politics, Sheldon Adelson, Steve Wynn, The Strip, Tribal, Wynn Resorts | Comments Off on It’s Adelson’s nation, we just live here

MGM Springfield disappoints; Ruffin makes peace

Posted on October 17, 2018 by David McKee

Publicizing revenue expectations is a dangerous thing. Just ask the four new casinos in upstate New York. Or Bruce Deifik in Atlantic City. When you don’t make your number (the dreaded Penn National Effect) it opens you up for no … Continue reading →

Posted in Charity, Connecticut, Culinary Union, International, Law enforcement, Macau, Massachusetts, MGM Resorts International, Penn National, Phil Ruffin, Problem gambling, Rhode Island, The Strip | Comments Off on MGM Springfield disappoints; Ruffin makes peace

Doing the right thing

Posted on October 16, 2018 by David McKee

Bravo to Hard Rock International and Seminole Gaming for stepping up to partner with Clean the World (which was covered in this space last week) to help victims of Hurricane Michael. According to CasinoBeats.com, “An immediate donation of 30,000 containers … Continue reading →

Posted in Atlantic City, Caesars Entertainment, Charity, Cretins, Dining, Eldorado Resorts, Environment, Florida, Hard Rock International, Internet gambling, MGM Resorts International, Nevada, New Jersey, Racinos, Seminole Tribe, Sports betting, The Strip | Comments Off on Doing the right thing

Arkansas to vote on casinos; Baldwin leaves MGM

Posted on October 16, 2018 by David McKee

Driving Arkansas Forward, the ballot initiative to legalize casinos in Arkansas, will continue to proceed now that the Arkansas Supreme Court has slam-dunked two challenges to the referendum. Religious group Ensuring Arkansas Future claimed that the ballot language was too ambiguous … Continue reading →

Posted in Arkansas, CityCenter, Culinary Union, Election, Entertainment, Galaxy Entertainment, Macau, Massachusetts, MGM Resorts International, Neil Bluhm, Politics, Regulation, Rush Street Gaming, Sports, Tribal, Vdara Death Ray, Wynn Resorts | Comments Off on Arkansas to vote on casinos; Baldwin leaves MGM

Punishing month in Atlantic City

Posted on October 15, 2018 by David McKee

Gross-gaming revenues (not counting Internet play) were up 8% in Atlantic City last month, to $232 million. However, the prosperity wasn’t citywide, with same-store revenues down 11%. We’re still a long way from agreeing with Roger Gros‘ doom-and-gloom-and-doom prediction that two … Continue reading →

Posted in Atlantic City, Boyd Gaming, Bruce Deifik, Caesars Entertainment, Dan Gilbert, Detroit, Eldorado Resorts, Genting, Greenwood Racing, Hard Rock International, International, Internet gambling, Las Vegas Sands, MGM Resorts International, Mohegan Sun, Nevada, New York, Penn National, Pennsylvania, Pinnacle Entertainment, Rush Street Gaming, Sports betting, Tilman Fertitta, Wall Street | 1 Comment

Indiana fails to impress; Big setback for non-smokers

Posted on October 12, 2018 by David McKee

It’s too soon to say that regional gaming’s economic honeymoon is over but Indiana was down 4% last month, grossing $177.5 million. (It was up 6% this time last year.) Penn National Gaming‘s Hollywood Lawrenceburg took a 15% header, grossing … Continue reading →

Posted in Ameristar, Boyd Gaming, Caesars Entertainment, Colony Capital, Eldorado Resorts, Entertainment, Environment, Full House Resorts, G2E, Indiana, Louisiana, Majestic Star, MGM Resorts International, Missouri, Penn National, Pinnacle Entertainment, Technology, Wall Street, West Virginia, Westgate LV | Comments Off on Indiana fails to impress; Big setback for non-smokers

Churchill Downs stands pat; Borgata honored at G2E

Posted on October 11, 2018 by David McKee

JP Morgan analyst Daniel Politzer met with top execs from Churchill Downs and found a company pretty satisfied with where it is now. It “has yet to see any cracks in fundamentals at its regional casino properties or among its … Continue reading →

Posted in Atlantic City, Boyd Gaming, Churchill Downs, Entertainment, history, MGM Resorts International, Mohegan Sun, Racinos, South Korea, Sports betting, Tribal | Comments Off on Churchill Downs stands pat; Borgata honored at G2E

SLS gets new look; Automation targets women, minorities

Posted on October 10, 2018 by David McKee

Alex Meruelo has begun exorcising the unclean spirit of Sam Nazarian from SLS Las Vegas. In a giant gesture of faith, Meruelo will invest $100 million in a property makeover, starting with those oh-so-excessively-trendy hotel rooms. Next week Meruelo will get … Continue reading →

Posted in Alex Meruelo, CityCenter, Culinary Union, MGM Resorts International, Sahara, Sam Nazarian, SLS Las Vegas, Technology, The Strip | Comments Off on SLS gets new look; Automation targets women, minorities

Ohio up, Missouri down and Caesars tries harder

Posted on October 10, 2018 by David McKee

Although it will forever be a mystery why Caesars Entertainment evacuated Ohio, now that gaming revenues in the Buckeye State are on the upswing, it’s understandable that CEO Mark Frissora would want to get back in. Last month, gross gaming … Continue reading →

Posted in Ameristar, Atlantic City, Caesars Entertainment, Dan Gilbert, Dining, Donald Trump, Eldorado Resorts, Hard Rock International, history, Isle of Capri, MGM Resorts International, Missouri, Ohio, Penn National, Pinnacle Entertainment, Tribal | Comments Off on Ohio up, Missouri down and Caesars tries harder

Wisdom from G2E; Sisolak lights up

Posted on October 10, 2018 by David McKee

This week’s Global Gaming Expo gives Wall Street analysts plenty of time to sniff around the big gaming operators and manufacturers, trying to suss out trends. Credit Suisse analyst Cameron McKnight, the new kid on the block, says that 3Q18 … Continue reading →

Posted in Atlantic City, Boyd Gaming, Caesars Entertainment, Economy, Eldorado Resorts, Election, G2E, GLPI, Golden Gaming, Illinois, Indiana, Isle of Capri, Las Vegas Sands, Macau, Mandalay Bay Massacre, Marijuana, Marketing, MGM Resorts International, Mississippi, Nevada, Palms, Penn National, Sports, Station Casinos, Tilman Fertitta, Tourism, Tribal, Tropicana Entertainment, Wall Street | Comments Off on Wisdom from G2E; Sisolak lights up

Quote of the Day

Posted on October 8, 2018 by David McKee

“Connecticut residents are best served by the state spending less time in court and more time on real opportunities to maximize economic development and job creation. That’s why each passing month makes it more obvious that the most productive path forward … Continue reading →

Posted in Foxwoods, Massachusetts, MGM Resorts International, Mohegan Sun | Comments Off on Quote of the Day