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Category Archives: Mississippi
Palms brings $650 million; Murphy flirts with smoking ban
Earlier today, Station Casinos finally confirmed the worst-kept secret in town. It has sold the Palms Casino Resort to a subsidiary of the San Manuel Band of Mission Indians in an all-cash, $650 million transaction. Thus closes a fairly disastrous … Continue reading
Posted in Atlantic City, California, Churchill Downs, Colorado, Cordish Co., Culinary Union, Dining, DraftKings, Golden Nugget, Health, Horseracing, Internet gambling, Las Vegas Raiders, Maryland, MGM Resorts International, Mississippi, Nevada, New Jersey, Palms, Penn National, Real Estate, Station Casinos, Tribal, Wall Street
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Virginia sports betting debuts large; ‘CSI’ back in Vegas
Virginia has now had two full months of sports betting and February handle was an impressive $266 million—not quite the explosion that Michigan was but still noteworthy as the second-biggest debut in U.S. history. Reacted PlayUSA analyst Dustin Gouker, “The … Continue reading
Posted in Dining, DraftKings, Entertainment, FanDuel, Full House Resorts, Genting, Health, Indiana, Law enforcement, Massachusetts, MGM Resorts International, Mississippi, North Carolina, Philippines, Problem gambling, Regulation, Resorts World LV, Rush Street Gaming, Sports, Sports betting, Taxes, Tribal, TV, Virgin Hotels, Virginia, William Hill, Wynn Resorts
2 Comments
Bailout for Tilman; Casinos to the Big Apple; Mega-Jottings
It was a $6.6 billion rescue package that Golden Nugget CEO Tilman Fertitta received, in the form of a merger with FAST Acquisition. Fertitta’s been hard up for cash and forks over a portion of his casino empire in return … Continue reading
Posted in Architecture, Atlantic City, Caesars Entertainment, Colorado, Dining, Economy, Entertainment, Florida, Full House Resorts, Golden Nugget, Hard Rock International, Internet gambling, Las Vegas Sands, Law enforcement, Marketing, Minnesota, Mississippi, Nebraska, New York, North Carolina, Racinos, Real Estate, Regulation, Sports betting, Tamares Group, The Strip, Tilman Fertitta, Tribal, TV, Wall Street
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Reader poll
We recently received a question about non-Las Vegas gaming markets and you would know the answer better than we would: You live near them and you play there. The questioner asks which of the following alternative markets are best for … Continue reading
Posted in Atlantic City, Laughlin, Mississippi
1 Comment
Miller: Approve stimulus bill; A $7.5 billion Vegas “scam”?
Like many, American Gaming Association President Bill Miller is in favor of the stimulus package overwhelmingly passed by Congress … with reservations. It lacks three key items on Miller’s Christmas wish list: expansion of the CARES Act Employee Retention Tax … Continue reading
Posted in AGA, Atlantic City, Caesars Entertainment, Charity, Colorado, Dining, Donald Trump, DraftKings, Economy, Environment, Failsinos, Florida, Hard Rock International, Indiana, Laughlin, Massachusetts, MGM Resorts International, Mississippi, Penn National, Politics, Sports, Sports betting, Tourism, Tribal, TV, Wynn Resorts
4 Comments
Cirque sacrifies “Zumanity”; Gaming recovery vs. Covid
Covid-19 has claimed its first Cirque du Soleil casualty. Zumanity has gone permanently dark at New York-New York. We’ll miss the sexually charged show, which logged 7,700 performances in 17 (!) years. “We’re grateful to the cast, crew and team … Continue reading
The trajectory of recovery
… and BetMGM doubles down on the sweet science. Happy Veterans Day tomorrow.
Posted in Economy, Entertainment, MGM Resorts International, Mississippi, Sports, Sports betting, The Strip
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Strip lags Nevada
Silver State gaming revenues were down 22% last month, largely retarded by the Las Vegas Strip (-39%), while locals revenues showed remarkable strength, rising 10%—particularly impressive given the high level of unemployment in Nevada. The statewide gross was $743 million: … Continue reading
Posted in Boulder Strip, Boyd Gaming, Derek Stevens, Downtown, Economy, Lake Tahoe, Mesquite, MGM Resorts International, Mississippi, Nevada, North Las Vegas, Reno, Station Casinos, The Strip, Wall Street, Wendover
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Louisiana hard hit; Mohegan Sun, Foxwoods tops in U.S.
Slammed by a double-whammy of hurricanes, Louisiana was accordingly unfortunate in gambling revenue, which plunged 32% to $148.5 million. The only market spared was Baton Rouge (-12%). Lake Charles bore the brunt of Hurricane Laura and the numbers reflected it. … Continue reading
Posted in Arizona, Atlantic City, Boyd Gaming, Caesars Entertainment, Churchill Downs, Cosmopolitan, Derek Stevens, Dining, Donald Trump, Downtown Grand, Election, Foxwoods, Golden Nugget, Hard Rock International, Health, Illinois, Indiana, Las Vegas Raiders, Las Vegas Sands, Louisiana, Marketing, Massachusetts, MGM Resorts International, Mississippi, Mohegan Sun, Ocean Resort, Oklahoma, Penn National, Reno, Sahara, Sheldon Adelson, Slot routes, Sports betting, Station Casinos, Tamares Group, The Strip, Tourism, Transportation, Tribal, Twin River, Wynn Resorts
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New York game-changer; MGM sticks it to servers
What Jim Murren and Sheldon Adelson couldn’t do, New York state Sen. James Skoufis (D) just might. With four upstate casinos still closed and the state budget pummeled by the economic effects of Coronavirus, Skoufis is proposing that the state … Continue reading
Posted in Australia, Caesars Entertainment, Cretins, Economy, Election, Environment, Health, International, Jim Murren, Louisiana, Macau, MGM Resorts International, Mississippi, New York, Ohio, Politics, Problem gambling, Regulation, Sheldon Adelson, Unite-Here, Virginia
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Caesars postpones casino sale; D.C. sports betting bombs
One Caesars Entertainment casino of many on the Las Vegas Strip remains theoretically for sale … but put your checkbooks away for the time being. While new CEO Tom Reeg has to make good on his promise to realize hundreds … Continue reading
Pinching pennies at Caesars; Glitters at Golden
Anthony Rodio‘s multi-million-dollar revamp of Bacchanal Buffet may well have been for naught. On yesterday’s earnings call the Tom Reeg administration floated the idea of closing all buffets at Caesars Entertainment properties. Expect comps to be sweated until they bleed … Continue reading
Posted in Arizona, Caesars Entertainment, Colorado, Dining, Donald Trump, Economy, Election, Florida, Golden Gaming, Hard Rock International, Health, International, Internet gambling, Louisiana, Marketing, Mississippi, Nevada, Penn National, Pennsylvania, Problem gambling, Seminole Tribe, The Strip, Tourism, Tribal, Wall Street, Wynn Resorts
1 Comment
Maryland rebounds; Penn wows Wall Street; Trump to play Lucky Dragon
In a near-miraculous development, Maryland gambling revenues were only 6% off the pace last month. Between cabin fever and the belated delivery of those $1,200 stimulus checks, we’re not entirely surprised that Free State punters had both the desire and … Continue reading
Posted in Alabama, Arizona, Boyd Gaming, Caesars Entertainment, Churchill Downs, Cordish Co., Donald Trump, Election, Florida, Georgia, Golden Gaming, Health, Internet gambling, Lotteries, Lucky Dragon, Maryland, MGM Resorts International, Mississippi, Nevada, New Mexico, New York, North Carolina, Penn National, Pennsylvania, Racinos, Sports, Sports betting, Texas, The Strip, Tilman Fertitta, Tribal, TV, Wall Street, West Virginia
2 Comments
Casinos unleash Culinary’s wrath
Las Vegas‘ casino industry seems to be behaving counterintuitively, reopening casinos and hotels (Vdara is the latest) at a time when visitor demand is softening. JP Morgan analyst Joseph Greff reports today that, for the July 11-18 period, Clark County … Continue reading
Posted in Arizona, Caesars Entertainment, CityCenter, Cosmopolitan, Culinary Union, Economy, Eldorado Resorts, Florida, Health, Hooters, International, Iowa, Lake Tahoe, Las Vegas Sands, Louisiana, Macau, Mississippi, Missouri, Nevada, Paragon Gaming, Politics, Sports, Station Casinos, Wall Street, Westgate LV
2 Comments
Cosmofusion; MGM Springfield wants new deal
There are some mighty mixed signals coming out of The Cosmopolitan of Las Vegas. The megaresort informed its thousands of employees that no layoffs are planned. However, it wrote the state that “The layoff and furloughs which began on or … Continue reading
Bay State casinos to reopen
Although Massachusetts casinos are eligible to reopen on July 5, it’s looking far likelier that July 12 will be the dawn of a new era in the Bay State. One mandate certain to raise hackles is that players can no … Continue reading
Posted in Ameristar, Atlantic City, Caesars Entertainment, California, Card rooms, Cosmopolitan, Downtown, Eldorado Resorts, Entertainment, Hard Rock International, Health, history, Laughlin, Massachusetts, MGM Resorts International, Mississippi, Missouri, Mohegan Sun, Palms, Penn National, Politics, Regulation, Station Casinos, Tribal, Twin River, Wynn Resorts
2 Comments