Category Archives: Nevada

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

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

Strip outstrips Nevada; Trouble for Resorts World

Posted on December 27, 2018 by David McKee

Business was booming last month on the Las Vegas Strip. Gaming revenues shot up 10% to $534.5 million. Statewide, the increase was 6.5% to $967 million. Driving those Strip numbers was a mind-boggling 53% explosion in baccarat win on 26% … Continue reading →

Posted in Architecture, Boulder Strip, Downtown, Economy, Genting, Lake Tahoe, Laughlin, Massachusetts, Mesquite, Nevada, North Las Vegas, Reno, The Strip, Wall Street, Wynn Resorts | 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

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

Las Vegas approaches record height; José Andres hailed

Posted on November 29, 2018 by David McKee

Despite stagnant revenues on the Las Vegas Strip, the state of Nevada is enjoying its best year for gaming revenue in a decade. This is translating to leading economic indicators such as home prices (up 5%) and consumer confidence (6% … Continue reading →

Posted in Arizona, Baseball, Charity, Dining, Economy, International, Massachusetts, MGM Resorts International, Nevada, Sports, Sports betting, The Strip, Wynn Resorts | Comments Off

MGM teams with MLB; Brass Ass gets bigger

Posted on November 28, 2018 by David McKee

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 →

Posted in Colorado, Eldorado Resorts, International, Internet gambling, Mississippi, Nevada, New Jersey, Pennsylvania, PokerStars, Sports betting, West Virginia | 1 Comment

Uncle Sam wants your sports bet; Strip outperforms Nevada

Posted on November 27, 2018 by David McKee

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 | Comments Off

CG Technology avoids death penalty; SoCal: The wrath of Kahn

Posted on November 20, 2018 by David McKee

$1.75 million was the magic number to get CG Technology out of detention with the Nevada Gaming Commission. In addition, $250,000 will be laid on the Nevada Council for Problem Gambling, a settlement provision we can totally get behind. It … Continue reading →

Posted in California, Cantor Gaming, CityCenter, Environment, Macau, MGM Resorts International, Nevada, Problem gambling, Regulation, The Strip, Tourism, Tribal, Wynn Resorts | Comments Off

Quote of the Day

Posted on November 19, 2018 by David McKee

“Nevada is very comfortable having the lowest gaming tax rates in the nation. Nevada is also apparently comfortable having its largest newspaper, owned by one of the richest men in the world who achieved his financial status through casinos, publish … Continue reading →

Posted in Nevada, Sheldon Adelson | Comments Off

Tribal gaming bigger than ever; Sessions out in D.C.

Posted on November 8, 2018 by David McKee

There’s been a round-robin at Seminole Gaming. The chair left vacant by Joe Lupo at Seminole Hard Rock Hotel & Casino Tampa will be filled by Seminole Casino Coconut Creek President Steve Bonner, a 16-year veteran of Coconut Creek. General Manager Larry Buck … Continue reading →

Posted in Atlantic City, Caesars Entertainment, California, Colorado, Economy, Florida, Las Vegas Sands, Marijuana, Marketing, Massachusetts, MGM Resorts International, Mohegan Sun, Nevada, Oklahoma, Regulation, Scientific Games, Seminole Tribe, Steve Wynn, The Strip, Tribal, Vermont, Wynn Resorts | Comments Off

Election Special: Winners and losers

Posted on November 7, 2018 by David McKee

In a victory for the state of Arkansas, voters approved casinos in four locations across the state, 54% to 46%, a convincing mandate by any measure, and a big win for a variety of pro-casino companies that included Warner Gaming and Delaware North. … Continue reading →

Posted in Arkansas, Caesars Entertainment, Culinary Union, DFS, Election, Florida, Georgia, Harry Reid, International, Marijuana, MGM Resorts International, Nevada, Pennsylvania, Politics, Racinos, Seminole Tribe, Sheldon Adelson, Sports, Sports betting, Virginia, Warner Gaming, Wisconsin | Comments Off

Sports books get thumped; National Harbor rules

Posted on November 6, 2018 by David McKee

Nevada sports books are reeling from an NFL Week 9 that stands to see them lose as little as $7 million and as much as $10 million. Bettors, meanwhile, are crying all the way to the bank. Among the games … Continue reading →

Posted in Arkansas, Atlantic City, Boyd Gaming, Caesars Entertainment, Churchill Hill, Cordish Co., Election, Golden Gaming, Hard Rock International, Maryland, MGM Resorts International, Mississippi, Nevada, New Jersey, Penn National, Regulation, Sports, Sports betting, Station Casinos, Taxes, Warner Gaming | 1 Comment

Election update; Resorts World reaches for the sky

Posted on October 31, 2018 by David McKee

Driving Arkansas Forward, the initiative to legalize casino gambling at four Arkansas locations, looks like it will score a come-from-behind victory in less than a week. Early polling had it down, 41% to 48%, but it’s now turned the tide, … Continue reading →

Posted in Animals, Architecture, Arkansas, Election, Environment, Genting, Horseracing, International, Internet gambling, Nevada, Racinos, Technology, The Strip | Comments Off

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

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

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

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

About-face in Florida; Fear and litigation in Las Vegas

Posted on October 3, 2018 by David McKee

While it’s a little early for S&G to be making political endorsements in 2018, we’ve had a change of heart regarding Voters in Charge, a constitutional amendment that would strip the Florida Legislature of its power to control gambling expansion … Continue reading →

Posted in Atlantic City, Donald Trump, Economy, Election, Law enforcement, Nevada, Sexual misconduct, Taxes, The Strip, Wynn Resorts | 1 Comment

Federal sports-betting regulation bombs

Posted on September 28, 2018 by David McKee

At least one woman was treated with respect yesterday on Capitol Hill and that was the American Gaming Association‘s Sara Slane. We reviewed her prepared testimony yesterday. “Because of the active, robust state and regulatory tribal gaming oversight, gaming is one … Continue reading →

Posted in AGA, Current, Economy, Law enforcement, Mandalay Bay Massacre, MGM Resorts International, Nevada, Politics, Regulation, Sports betting, The Strip | Comments Off