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- David McKee on Sibella scandal spreads; Supremes forestall Seminoles
- Ray Lebowski on Sibella scandal spreads; Supremes forestall Seminoles
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Category Archives: Missouri
MGM Boston?!?; Sports betting proceeds fitfully
According the Wall Street Journal, talks are underway between MGM Resorts International and Wynn Resorts for the latter to be shot of Wynn Boston Harbor, which has become a regulatory albatross around Wynn’s neck. Although this would mean giving almost … Continue reading
Posted in Illinois, Kansas, Maryland, Massachusetts, MGM Mirage, Minnesota, Missouri, Mohegan Sun, Politics, Regulation, Sexual misconduct, Slot routes, Sports, Steve Wynn, Taxes, Wall Street, Wynn Resorts
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Midwest roundup
Business was booming in Ohio, where the state’s casino industry saw revenues increase 9%. Hollywood Columbus ($22.5 million) was up 8.5% while Hollywood Toledo ($20 million) they gained 8%. Hollywood Dayton (+9%) and Hollywood Mahoning Valley (+13%) were phat, with … Continue reading
Posted in Affinity Gaming, Ameristar, Boyd Gaming, Dan Gilbert, Eldorado Resorts, GLPI, Isle of Capri, Missouri, Ohio, Penn National, Pinnacle Entertainment, Tropicana Entertainment
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Vegas soccer no sure thing; Scientific Games wins thrice over
A perspicacious gentleman named Steven R. Brown wrote the following on Facebook in response to my reportage of the apparent shelving of Wynn Paradise Park: “Steve Wynn‘s creativity can be outlandish at times (Like his idea back in the early … Continue reading
Posted in Architecture, Arizona, California, Charity, Detroit, Downtown, Environment, Florida, International, MGM Mirage, Missouri, Ohio, Scientific Games, Sports, Steve Wynn, Texas, The Strip, Wynn Resorts
1 Comment
Greed in Japan; IGT embraces diversity
“Japan Junks it Up.” That was Global Gaming Business‘ teaser for an article on investment-killing measures that have a strong chance of making it into the Liberal Democratic Party‘s casino-implementation bill. Jim Murren might want to think twice about sinking … Continue reading
MGM to jack up resort fees; Boyd braces for Four Winds impact
Looking for a bargain in casino stocks? JP Morgan analyst Joseph Greff nominates MGM Resorts International, which he says “remains cheap.” He bases this, in part, on strong Las Vegas Strip performance driven by “two jewels” Bellagio and MGM Grand. … Continue reading
Posted in Ameristar, Boyd Gaming, California, Cannery Casino Resorts, Hawaii, Indiana, Louisiana, Macau, Massachusetts, MGM Mirage, Missouri, North Las Vegas, Penn National, Resort fees, The Strip, Tribal, Wall Street
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Louisiana stutters; MLB rigs the odds
Gambling in Louisiana was a bit off the pace last month, down 4% ($187 million). Most of that was due to a terrible Baton Rouge market, tumbling 21%, while Lake Charles (+2%) remained immune. New Orleans (-2%) and Shreveport/Bossier City … Continue reading
MGM wins race in Macao; Wynn complaints proliferate
Whew! For a while it was looking as though MGM Grand Cotai wouldn’t make it out of the starting blocks in time for Chinese New Year. However, the megaresort opened yesterday, with room to spare before the all-important holiday. Architecturally … Continue reading
Posted in Economy, history, Illinois, Indiana, Kentucky, Macau, Massachusetts, MGM Mirage, Missouri, Ohio, Politics, Regulation, Sexual misconduct, Steve Wynn, West Virginia, Wynn Resorts
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Baccarat slays the Strip
Gaming revenues on the Las Vegas Strip continued to dip in December, down 3% ($571.5 million). Baccarat tore a hole through gaming receipts, with the house plunging 30% on 9% less wagering. Non-baccarat table games fared much better, up 7.5%. … Continue reading
Posted in Boulder Strip, Economy, Eldorado Resorts, Environment, Illinois, Indiana, Lake Tahoe, Laughlin, Missouri, North Las Vegas, Pennsylvania, Reno, Taxes, The Strip
1 Comment
New investigation of Wynn; Eldorado on the prowl
After several days of uncertainty, it’s definitive: The Nevada Gaming Control Board will investigate the allegations of sex abuse against Steve Wynn. In the past the NGCB has been only too willing to look the other way when prominent Nevada … Continue reading
Posted in Atlantic City, Colorado, Downtown, Eldorado Resorts, Entertainment, Florida, history, Isle of Capri, Louisiana, Macau, Massachusetts, Mississippi, Missouri, Regulation, Reno, Sexual misconduct, Station Casinos, Steve Wynn, Wall Street
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Case Bets
When Las Vegas casinos sit down with the Culinary Union this year expect wireless “panic buttons” to be on the table. Labor unions have been pushing for these as a means of summoning security when their members are assaulted by … Continue reading
Posted in Culinary Union, DFS, Foxwoods, Harrah's, MGM Mirage, Missouri, Mohegan Sun, Sexual misconduct, Sports, Station Casinos
1 Comment
Adelson: Big is more; MGM misses important deadline
Wall Street analysts expected Las Vegas Sands to post cash flow of $718 million last quarter but it blew through the ‘stop’ sign and checked in with $731 million. Even though recovering from three cracked ribs, CEO Sheldon Adelson had … Continue reading
Posted in Ameristar, Architecture, Cordish Co., Galaxy Entertainment, GLPI, Greenwood Racing, Illinois, Internet gambling, Law enforcement, Macau, Massachusetts, MGM Mirage, Missouri, Penn National, Pennsylvania, Politics, Problem gambling, Regulation, Sheldon Adelson, Steve Wynn, Taxes, Tropicana Entertainment
1 Comment
Lion attempts to devour Caesar; Louisiana casinos to come ashore?
That proposed takeover of Vici Properties by MGM Growth Properties looks stranger by the day. Since it would be a transaction between two landlords, it would not require Nevada regulatory approval. But it would not, contrary to its initial appearance, … Continue reading
Posted in Atlantic City, Cordish Co., Genting, Greenwood Racing, Harrah's, Illinois, Indiana, Iowa, Kentucky, Lake Tahoe, Louisiana, MGM Mirage, Mississippi, Missouri, New York, Pennsylvania, Politics, Regulation, Reno, Sports, Station Casinos, Taxes, Wall Street
1 Comment
State of the Strip; Air Area 51
Deutsche Bank analyst Carlo Santarelli met with a number of casino companies recently and came away with a sanguine prospect for the Las Vegas Strip. As for the operators, “Overall, we felt commentary pertaining to the LV locals market, regional … Continue reading
Posted in Affinity Gaming, Ameristar, Atlantic City, Boyd Gaming, Culinary Union, Economy, Eldorado Resorts, Entertainment, Harrah's, Indiana, International, Isle of Capri, Kentucky, Macau, MGM Mirage, Missouri, Penn National, Pennsylvania, Pinnacle Entertainment, Reno, Sports, The Strip, Tropicana Entertainment, Wall Street
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Caesars gets bigger, Boyd gets smarter
Caesars Entertainment doesn’t have a great history with IPOs. But it also has a considerable debt load that isn’t going away without drastic measures. To that end, REIT Vici Properties is mulling a stock offering that aims to drum up … Continue reading
Posted in Boyd Gaming, Harrah's, history, Louisiana, Missouri, Ohio, Penn National, Pennsylvania, Problem gambling, Regulation, Tribal, Wall Street
1 Comment
The Deal of the Year
Ever-ravenous Penn National Gaming gulped down Pinnacle Entertainment over the weekend, paying $2.8 billion for a collection of top-quality gaming assets. Among other benefits, the deal strengthens Penn’s position in its home state, as it gets The Meadows racino, doubling … Continue reading
Indiana, Missouri see happy days; Don’t count on Millennials
It looks like Penn National Gaming is picking a good time to acquire Pinnacle Entertainment, to judge by the healthy performance of the Missouri and Indiana markets (though it must be kicking itself for having missed the loophole that allowed … Continue reading
Posted in Affinity Gaming, Ameristar, Atlantic City, Boyd Gaming, California, Economy, Eldorado Resorts, Florida, Full House Resorts, Harrah's, Illinois, Indiana, Louisiana, Marketing, Maryland, Missouri, North Las Vegas, Penn National, Pinnacle Entertainment, Tourism, Tropicana Entertainment
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Penn, Pinnacle nuptials in the offing; Connecticut sues Trump administration
To absolutely no one’s surprise, Pinnacle Entertainment and Penn National Gaming formally affirmed that they are in merger talks. Among the upsides, Deutsche Bank analyst Carlo Santarelli cites the alleviation of forced asset sale in Pennsylvania, where the number of … Continue reading
Bumpy ride in Missouri; Scott vaporized in Maine
Missouri casinos dipped 3% last month (4% in the St. Louis area), a figure that seems bigger than the “unfavorable calendar” excuse covers. Pinnacle Entertainment took a 7.5% haircut at River City ($18 million) while its Ameristar St. Charles was off … Continue reading
Posted in Affinity Gaming, Ameristar, Eldorado Resorts, Election, Harrah's, International, Isle of Capri, Maine, Missouri, Penn National, Pinnacle Entertainment, Politics, Regulation, Sam Nazarian, SLS Las Vegas, Tribal, Tropicana Entertainment, Vietnam
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Case Bets
In an early Christmas present to gaming historians, the Center for Gaming Research at UNLV has unveiled the Harrah’s Entertainment Corporate Archives, focusing on the 1940-2000 period. In other words, it doesn’t just go back to the beginning but before … Continue reading
Posted in GLPI, Harrah's, history, Illinois, Lake Tahoe, Mandalay Bay Massacre, Missouri, Pinnacle Entertainment, Reno, Sports, The Strip, Tropicana Entertainment
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Penn, Pinnacle to merge?
Writes Deutsche Bank analyst Carlo Santarelli, “according to people familiar with the matter, Penn National has conducted on again off again discussions to acquire Pinnacle Entertainment.” He warns that “a long list of questions, which may or may not make a … Continue reading