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Category Archives: Mississippi
Stability in the heartland; The lure of “NashVegas”
Last month’s gaming revenues from Ohio and Illinois were flat year/year. Some would look at that as a bad thing but it shows the states aren’t losing significant play to neighboring states. Ohio casinos grossed $160 million, with MGM Northfield … Continue reading
Posted in Australia, Boyd Gaming, Caesars Entertainment, Canada, Churchill Downs, Crown Resorts, Dan Gilbert, Dining, Eldorado Resorts, Georgia, GLPI, Illinois, Law enforcement, Macau, MGM Resorts International, Mississippi, Ohio, Penn National, Pennsylvania, Rush Street Gaming, Sports, Sports betting, The Strip, Tourism, Wall Street, Wynn Resorts
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Eldorado strong, Penn stronger; Caesars screws you
Were it not for inclement weather, Eldorado Resorts would have exceeded Wall Street’s consensus $172 million cash-flow prediction by $8 million for 1Q19, not come up $5 million short. For instance, Reno (pictured) had snow in 24 of February’s 28 days … Continue reading
Posted in Arizona, Atlantic City, Caesars Entertainment, Colorado, Cordish Co., Cretins, Culinary Union, Detroit, Dining, Economy, Eldorado Resorts, Florida, Hard Rock International, Illinois, Internet gambling, Iowa, Macau, Massachusetts, MGM Resorts International, Mississippi, Penn National, Pennsylvania, Pinnacle Entertainment, Racinos, Regulation, Reno, Sports betting, Station Casinos, Tribal, Wall Street, West Virginia, Wynn Resorts
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Caesars’ secret weapon
“Just the right amount of optimism” was how Credit Suisse analyst Ben Combes described Caesars Entertainment’s 1Q19 results. Ex-CEO Mark Frissora‘s purchase of Centaur Gaming continues to pay off, as it was the tentpole of regional-gaming performance. “On a same-store … Continue reading
Boyd, Churchill Downs garner raves; Indiana governor seduced
Boyd Gaming got a good review on Wall Street today, lauded both for slightly surpassing revenue expectations and for moving quickly to deleverage in the wake of the Valley Forge, Belterra and Ameristar acquisitions. Downtown continues to be Boyd’s bastion … Continue reading
Posted in Ameristar, Boyd Gaming, Caesars Entertainment, California, Charity, Churchill Downs, Current, Derek Stevens, Downtown, Florida, Hawaii, Horseracing, Illinois, Iowa, Kentucky, Louisiana, Maryland, Mississippi, Ohio, Palms, Pennsylvania, Politics, Racinos, Rhode Island, Slot routes, Spectacle Entertainment, Sports betting, Station Casinos, Taxes, Tribal, Wall Street, West Virginia, Westgate LV
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Nevada’s #1, not in a good way
WalletHub has been crunching the numbers again and come to the conclusion that Nevada is America‘s most-gaming addicted state. (Utah is the least, while the Silver State is followed by South Dakota, Montana, Mississippi and Oregon.) Casino-rich Florida was an incredibly … Continue reading
Posted in Australia, Connecticut, Crown Resorts, Delaware, Florida, Hawaii, Illinois, International, Kansas, Kentucky, Macau, Massachusetts, Michigan, Minnesota, Mississippi, Nebraska, Nevada, New Jersey, New Mexico, New York, Oklahoma, Pennsylvania, Problem gambling, Rhode Island, Slot routes, South Dakota, Virginia, Washington State, West Virginia
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Sands gets spanked; Palms (almost) loses its name
Las Vegas Sands is on its way out of Pennsylvania but not before receiving two swift kicks in the posterior from Keystone State regulators. The casino was fined $120,000 for allowing underage gaming and $110,000 for offenses related to the … Continue reading
Posted in Architecture, Boyd Gaming, Caesars Entertainment, Churchill Downs, CityCenter, Eldorado Resorts, Environment, Greenwood Racing, history, Horseracing, Indiana, Japan, Las Vegas Sands, Law enforcement, Mississippi, Mohegan Sun, Ohio, Palms, Penn National, Pennsylvania, Regulation, Resort fees, Rush Street Gaming, Slot routes, Station Casinos, Technology, Tribal, Virgin Hotels, Wisconsin
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Tunica: Another one bites the dust
Even before Arkansas casinos could clear their holsters, a third Tunica property has bitten the dust. Penn National Gaming took the hit, as Resorts Casino Tunica was announced to close on June 30, leaving six casinos in the rural Mississippi … Continue reading
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
Controversy embroils Wynn in Massachusetts
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
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Busy week for MGM; Adelson’s grim prognosis
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
MGM hires robots; Pariplay saves rhinos
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
Quote of the Day
“Business was slow and the game was dull.” — a Mississippi gaming ‘insider’ on why the lowest-scoring Super Bowl ever was bad for business.
Posted in Mississippi, Sports, Sports betting
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Super Bowl generates heavy action; Hard Rock marquee finds retirement home
$325 million. That’s the legal handle that PlayUSA.com is predicting will be wagered on Super Bowl LIII. Nevada will have the plurality of bets, some $160 million, with New Jersey seeing $100 million in action, including online wagers. The nascent … Continue reading
Posted in AGA, Arizona, CityCenter, Entertainment, Hard Rock Hotel, history, International, Internet gambling, Mississippi, Movies, New Jersey, New Mexico, Penn National, Pennsylvania, Rhode Island, Sports, Sports betting, Tourism, West Virginia
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Tunica blues; Monticello racino folds early
“An aquatic center? A practice soccer field? They could have reconstructed this entire neighborhood.” So says Tunica resident Larry James of the misguided priorities that are leaving the county high and dry as the casino boom implodes. It certainly seems … Continue reading
Massachusetts mulls sports betting
Massachusetts is expected to be one of the prime movers on the sports-betting front and, to that end, three bills have been filed in the Lege, no doubt much to the interest of homeboys DraftKings, the New England Patriots and … Continue reading
Posted in Dining, IGT, Macau, Marketing, Massachusetts, Melco Resorts & Entertainment, Mississippi, Penn National, Politics, South Dakota, Sports, Sports betting
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Sports betting comes to D.C.; Free advice for Steve Wynn
In a move that is certain to chap the hindquarters of prudes like Sen. Orrin Hatch (R), the District of Columbia‘s ruling body has voted 11-2 to legitimize sports betting in our nation’s capitol. According to NBC, the legislation permits … Continue reading
Posted in AGA, California, Dining, Marketing, Mississippi, Politics, Sports betting, Steve Wynn, The Strip
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Scratch one casino; Adios, Megabus
Tunica continues to hemorrhage casinos. The latest casualty is Tunica Roadhouse. Owner Caesars Entertainment is terminating gambling at the property, although the 135-room hotel will be kept operational. This makes Horseshoe Tunica Caesars’ only remaining casino in the market. The move … Continue reading
MGM teams with MLB; Brass Ass gets bigger
MGM Resorts International continues to rack up partnerships with the major sporting leagues, the latest being Major League Baseball. The American Gaming Association‘s Sara Slane was understandably giddy at the news. “Agreements between sports leagues and the gaming industry enable … Continue reading
Uncle Sam wants your sports bet; Strip outperforms Nevada
Credit Suisse analyst Cameron McKnight had an ominous take on sports betting, as regards federal intervention and “integrity fees.” “Federal action on sports betting sounds more likely, though our contacts disagree on scope,” he warned, adding, “On integrity fees, we … Continue reading
Posted in Boulder Strip, DFS, Downtown, Economy, Illinois, Lake Tahoe, Laughlin, Mandalay Bay Massacre, Massachusetts, Mississippi, Nevada, New Jersey, New York, North Las Vegas, Sports betting, The Strip, Transportation, Wall Street
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Quote of the Day
“Casinos in legal betting states, which are used to generating a more or less predictable return from their slots and gaming tables, are suddenly discovering that footballs do indeed bounce in mysterious ways.” — reaction to October profit declines in … Continue reading
Posted in Mississippi, Sports betting
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