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Category Archives: Nevada
Caesars Strip-tease; Slot flea swatted; Biden targets resort fees
In the end, all that talk of Caesars Entertainment selling a Las Vegas Strip asset was just a sham. The company probably couldn’t find any takers for the Flamingo at CEO Tom Reeg‘s preposterous asking price (ditto his equally preposterous … Continue reading
Posted in Arizona, Bally, Baseball, Caesars Entertainment, Chicago, Churchill Downs, Conventions, Cordish Co., Hard Rock International, Indiana, Internet gambling, Lake Tahoe, Louisiana, Michigan, Nebraska, Nevada, New York, Planet Hollywood, Politics, Real Estate, Resort fees, Sports betting, Taxes, The Strip, Tourism, Tribal, Virginia, Wall Street, Washington State
4 Comments
Strip still booming, locals flat; Gambling with democracy
Nevada scored yet another $1 billion-plus month in September, up 8% from 2021. As you might expect, the Las Vegas Strip drove the big gain, booking $693 million in win, up 8%. Strip slot revenue was $409.5 million, a 17.5% … Continue reading
Vegas scores own-goal; Housing slowdown begs casino growth
In their rush to book a Formula One racing event, Las Vegas city fathers have intentionally or otherwise conducted a 20,000-person human sacrifice in the form of a forfeited convention. Congratulations, Sin City, you’ve just lost the 2023 NAR NXT, … Continue reading
Strip buoyant, locals flat
Casinos on the Las Vegas Strip won $660 million last month, a 5% bump over last year, as business continues to trend well into 2023. (It was also up a whopping 27% over 2019.) Strip numbers also benefited—although locals ones … Continue reading
Posted in Boulder Strip, Gary Goett, Lake Tahoe, Laughlin, Mesquite, Nevada, North Las Vegas, Reno, The Strip, Wendover
3 Comments
Voyage to Vegas, Part Two
Today we conclude our review of Deutsche Bank analyst Carlo Santarelli‘s recent field trip to Las Vegas. We resume with Station Casinos, which seems to be accelerating its development timetable. Once it gets Durango Station up and running, it will … Continue reading
Posted in Australia, Bally, Baseball, Caesars Entertainment, California, Canada, Economy, Golden Gaming, Las Vegas Sands, Laughlin, Macau, Maryland, Maverick Gaming, Melco Resorts & Entertainment, MGM Resorts International, Money laundering, Nevada, Phil Ruffin, Scientific Games, Slot routes, Sports betting, Station Casinos, The Strip, TV, Wall Street, Washington State, Wynn Resorts
3 Comments
Wynn: Make mine Manhattan; Votes for sale; Mega-Jottings
There will be at least one serious push for a casino in the heart of New York City, now that Wynn Resorts has thrown in with Related Cos. on “an exposed and sunken rail yard” that some see as a … Continue reading
Posted in Australia, Brothels, California, CQ Holdings, DraftKings, Entertainment, Genting, Georgia, Hawaii, Japan, Law enforcement, Louisiana, Macau, Marketing, MGM Resorts International, Nevada, New York, North Las Vegas, Palms, Pennsylvania, Politics, Slot routes, Star Entertainment, Technology, Tribal, Wall Street, Wynn Resorts, Wyoming
1 Comment
Sports betting doomed in California?; Much heat, light at G2E
We wouldn’t have believed it but it appears that both California sports-betting ballot initiatives could go down to defeat in November. While we favor sports betting, on principle, we don’t have a dog in this fight. Both Proposition 26 (tribal) … Continue reading
Posted in Atlantic City, Australia, Bally, Baseball, Caesars Entertainment, California, Century Casinos, Economy, Election, G2E, Georgia, Golden Gaming, Golden Nugget, Hard Rock International, International, Japan, Law enforcement, Maryland, MGM Resorts International, Missouri, Nevada, New Jersey, Politics, Regulation, Reno, Singapore, Slot routes, South Korea, Sports, Sports betting, The Strip, Tribal, Vici Properties, Wall Street
2 Comments
Atlantic City burgeoning; Posthumous Adelson scandal
Revenues on the Boardwalk jumped 8% last month from July 2021, reaching $299 million on the nose. Slot winnings were good, up 5.5% on 6.5% more coin-in but table win was even better, growing 16% on only 4% higher wagering. … Continue reading
Posted in Arizona, Atlantic City, Bally, BetMGM, Caesars Entertainment, California, CityCenter, Donald Trump, DraftKings, Environment, FanDuel, Golden Nugget, Hard Rock International, history, Illinois, International, Internet gambling, James Packer, MGM Resorts International, Mohegan Sun, Nevada, Ocean Resort, Sheldon Adelson, Slot routes, Sports betting
2 Comments
Playing the China card in Vegas; Fresh scandal in N.Y.
In an escalation of its not-so-cold war with Resorts World Las Vegas, Local 501 of the Operating Engineers is deploying the Commie card against Genting Group. The latter has been playing dirty pool in Local 501’s attempt to organize at … Continue reading
Industry waffles on Sisolak; Illinois ekes upward
Cynicism, thy name is Big Gaming. Whereas its chips were all in with Nevada Gov. Steve Sisolak (D) the last time around, now it has a dampened finger held upwards, testing which way the wind is blowing. The Las Vegas … Continue reading
Posted in Bally, Boyd Gaming, Caesars Entertainment, Churchill Downs, Culinary Union, DraftKings, El Cortez, Election, Ellis Island, FanDuel, Genting, Golden Gaming, Hard Rock International, Illinois, Las Vegas Sands, Nevada, New York, Penn National, Phil Ruffin, PointsBet, Resorts World LV, Rush Street Gaming, Sports betting, Station Casinos, Steve Wynn, Wynn Resorts
1 Comment
Strip sizzles, locals chillier; The Macao trap
Gambling revenues on the Las Vegas Strip last month heated up dramatically, $735 million or +23% from the year previous. Unfortunately for Nevada, the good news pretty much ends there. Locals play continues to decline, with Downtown off 11.5% to … Continue reading
Posted in Atlantic City, Boulder Strip, Canada, China, Cosmopolitan, Downtown, Environment, Golden Nugget, Kazuo Okada, Lake Tahoe, Macau, Massachusetts, Mesquite, MGM Resorts International, Mohegan Sun, Nevada, North Las Vegas, Philippines, Politics, Regulation, Reno, Sports betting, The Strip, Wendover
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Boyd outperforms; Vegas airport sets record, joblessness drops
“No gaming consumer slowdown, at least not yet.” That was the headline of JP Morgan analyst Joseph Greff‘s appraisal of Boyd Gaming‘s 2Q22 earnings call. Loyalty players and core customers remain steadfast, as Boyd grew revenues 4% “despite a tough … Continue reading
Posted in Arizona, Boyd Gaming, California, Downtown, Economy, Internet gambling, Kansas, Louisiana, MGM Resorts International, Nevada, Ohio, Pennsylvania, Reno, Resort fees, Sports betting, The Strip, Tourism, Transportation, Tribal, Wall Street
Comments Off on Boyd outperforms; Vegas airport sets record, joblessness drops
Strip carries Nevada; Atlantic City casinos play chicken
Nevada gambling revenues continued to climb in May, up 6% from last year, hitting $1.3 billion. The results were bifurcated, with tourist-dominated markets up and locals ones somewhat down. The Las Vegas Strip was the most obvious beneficiary, jumping 11.5% … Continue reading
Posted in Animals, Bally, Boulder Strip, Caesars Entertainment, California, Card rooms, Chicago, Churchill Downs, Downtown, Economy, Georgia, GLPI, Golden Nugget, Hard Rock International, Horseracing, Lake Tahoe, Laughlin, Law enforcement, Maryland, Mesquite, MGM Resorts International, Mississippi, Mohegan Sun, Money laundering, Nevada, North Las Vegas, Ocean Resort, Real Estate, Regulation, Reno, Rhode Island, Sports betting, The Strip, Unite-Here, Wendover
Comments Off on Strip carries Nevada; Atlantic City casinos play chicken
A’s juiced into Vegas; Greed at the top; Study: Casinos blowing smoke; Industry endorses Hochul
Given that Oakland is well and truly fed up with the sorry Oakland Athletics, and with their pinchpenny ways, relocation to Las Vegas may be just what the doctor ordered. However, the manner in which the exit ramp is being … Continue reading
Posted in Bally, Baseball, California, Charity, Economy, G2E, Genting, Hard Rock International, Health, International, Kazuo Okada, Las Vegas Sands, Macau, MGM Resorts International, Nevada, New Jersey, New York, Palms, Philippines, Politics, Rush Street Gaming, The Strip, Tribal, Wynn Resorts
1 Comment
Atlantic City casinos blow smoke
With a mealy-mouthedness that is becoming all too familiar, Atlantic City casino operators took advantage of the Covid-19 pandemic to plead poverty, warning of “grave danger” to their businesses unless they got tax cuts yesterday. One of their arguments was … Continue reading
Chicago casino doesn’t compute; Diller dinged; Boardwalk brouhaha
Sometime today, Chicago Mayor Lori Lightfoot (D) is expected to ramrod her choice of Bally’s Corp. through the City Council. Why the unseemly haste? Lightfoot desperately covets Bally’s $40 million in upfront money to prop up the Windy City’s tottering … Continue reading
Posted in Atlantic City, Bally, Caesars Entertainment, California, Chicago, Diversity, DraftKings, Economy, Hard Rock International, Illinois, Macau, MGM Resorts International, Nevada, Ocean Resort, Politics, Regulation, Security, Slot routes, Taxes, The Mob, The Strip, Tribal, Unite-Here, Wall Street, Wisconsin
1 Comment
Windy City shakedown; Strip explodes, Palms reborn
$75 million or else. That’s extortionate Chicago Mayor Lori Lightfoot‘s latest demand of casino applicants. If you win the bid, fork over the cash. Her Dishonor might settle for ‘only’ $40 million on the barrelhead, followed up by a $2 … Continue reading
Posted in Bally, Boulder Strip, Boyd Gaming, Chicago, China, Downtown, Florida, Hard Rock International, Health, International, Lake Tahoe, Las Vegas Sands, Laughlin, Macau, Mesquite, Nevada, New York, North Las Vegas, Palms, Politics, Regulation, Reno, Rush Street Gaming, San Manuel Band of Mission Indians, Singapore, Station Casinos, Taxes, Texas, The Strip, Tourism, Wall Street, Wendover
1 Comment