Category Archives: Nevada

Casino recovery still mild; Recession: The Sequel

Posted on June 9, 2020 by David McKee

Casinos that have reopened in Las Vegas, Louisiana and Mississippi are seeing fewer customers—but higher value ones. That’s the bottom line of a new report from JP Morgan analyst Joseph Greff, who cites data tracked by Visitdata.org. Foot traffic is … Continue reading →

Posted in Brothels, Economy, Health, International, Louisiana, Mesquite, Michael Gaughan, Mississippi, Nevada, Resort fees, Sports betting, The Strip, Wall Street, Wynn Resorts | 1 Comment

Quote of the Day

Posted on June 3, 2020 by David McKee

“April will go down in history as the month that Nevada’s casinos stopped, and the economic consequences will be felt for months, if not years, to come.”—David Schwartz, gambling historian, professor and associate vice provost at the University of Nevada—Las … Continue reading →

Posted in Economy, history, Nevada | Comments Off on Quote of the Day

Nevada ekes out slim April; Pansy Ho takes charge

Posted on May 29, 2020 by David McKee

Yes, Virginia, there was gaming revenue in Nevada last month, although the casinos were closed. Mobile sports wagering and online poker did the trick, plus expired slot tickets, although the amount realized from the latter is described as “immaterial.” Most … Continue reading →

Posted in Atlantic City, Boyd Gaming, Culinary Union, Downtown, Economy, Health, Jim Murren, Lawrence Ho, Macau, Melco Resorts & Entertainment, MGM Resorts International, Nevada, Pansy Ho, Regulation, Sociedade de Jogos de Macau, Sports betting, Stanley Ho, The Strip, Tourism, Transportation, Wendover | 2 Comments

Stevens doubles down; Bullish LV reopenings

Posted on May 28, 2020 by David McKee

Derek Stevens‘ 1,000-free-flights promotional gambit was such a wild success that the mogul has offered 700 airlifts more. But hurry: Stevens has extended his mega-comp to 12 additional cities, from Atlanta to Tampa. We only quibble about Stevens adding Boston … Continue reading →

Posted in Boyd Gaming, Brothels, Cosmopolitan, Culinary Union, Derek Stevens, Economy, El Cortez, Golden Gaming, Health, Nevada, Sahara, Station Casinos, Tamares Group, The Strip, Tilman Fertitta, Tourism, Transportation, Wynn Resorts | 2 Comments

Quote of the Day

Posted on May 27, 2020 by David McKee

“Yes. Yes, yes and yes.”—financial analyst John Restrepo, responding to Roger Gros‘ question of whether the Nevada economy was too one-dimensional.

Posted in Economy, Nevada | Comments Off on Quote of the Day

Cosmo to Hard Rock?; Caesars dwarfs Eldorado

Posted on May 15, 2020 by David McKee

VitalVegas is a veritable font of Las Vegas Strip scuttlebutt. Among its recent rumor-chases was the tantalizing hint that Planet Hollywood was going to go smoke-free. (Official word from Caesars Entertainment: “Untrue.” End of story.) Also, author Scott Roeben is … Continue reading →

Posted in Caesars Entertainment, Cosmopolitan, Dining, Economy, Eldorado Resorts, Hard Rock International, MGM Resorts International, Nevada, Penn National, Planet Hollywood, Real Estate, Seminole Tribe | Comments Off on Cosmo to Hard Rock?; Caesars dwarfs Eldorado

New York state of mind; Moody blues for Las Vegas

Posted on May 13, 2020 by David McKee

Like Massachusetts casinos, those in New York are not expected to reopen until July. Lago Resort & Casino General Manager Lance Young told journalist James Rutherford he’s monitoring reopening protocols as far away as Macao but has received no concrete … Continue reading →

Posted in Economy, Health, Horseracing, Internet gambling, Lotteries, Maryland, MGM Resorts International, Michael Gaughan, Nevada, New York, Oklahoma, Penn National, Regulation, Rush Street Gaming, Sports, Sports betting, Taxes, Tribal, Wall Street | Comments Off on New York state of mind; Moody blues for Las Vegas

Nevada begins reopening sooner than expected

Posted on May 8, 2020 by David McKee

What do brothels and casinos have in common? (Some would say you get screwed in both.) Neither can reopen during Phase One of Gov. Steve Sisolak‘s multi-stage resumption of business as usual in Nevada, starting tomorrow. Most of the continuing closures … Continue reading →

Posted in Caesars Entertainment, Conventions, Cretins, Dining, Economy, Entertainment, G2E, Health, Massachusetts, Nevada, Technology, The Strip, Wynn Resorts | 3 Comments

Creative responses to a crisis

Posted on May 7, 2020 by David McKee

Leave it to Derek Stevens to find a way to literally drive sports-betting business in Downtown. Starting this morning, Circa Sports began taking curbside sports bets at the Golden Gate. You pull up, flash your cash (or plastic) and a … Continue reading →

Posted in Caesars Entertainment, California, Culinary Union, Derek Stevens, Dining, Downtown, e-sports, Economy, Health, Law enforcement, MGM Resorts International, Nevada, Penn National, Regulation, Sports, Sports betting, Taxes, The Strip, Tourism, Transportation, Tribal, Wall Street | 2 Comments

Culinary: Do more; Pent-up demand?

Posted on May 6, 2020 by David McKee

Although Nevada regulators seem to think that companies like Las Vegas Sands and Wynn Resorts are going too far with their reopening protocols the Culinary Union begs to differ. Noting that 15 Culinary members or family members have died of … Continue reading →

Posted in Culinary Union, Economy, Health, Las Vegas Sands, Nevada, Regulation, Unite-Here, Wynn Resorts | 2 Comments

Everybody out of the pool!; Lean times in Indian Country

Posted on May 5, 2020 by David McKee

We were overly optimistic on when Nevada casinos can reopen. Gov. Steve Sisolak (D) has postponed that move until phase three or four of his four-step plan … which is also contingent on a two-week decline in new Coronavirus cases. … Continue reading →

Posted in Economy, Entertainment, Galaxy Entertainment, Hard Rock International, Health, International, Internet gambling, Macau, MGM Resorts International, Michigan, Mohegan Sun, Nevada, New Jersey, Regulation, Tribal, World Series of Poker, Wynn Resorts | Comments Off on Everybody out of the pool!; Lean times in Indian Country

Fauci on sports; Churchill Downs “on track”

Posted on April 30, 2020 by David McKee

Bad news, sports bettors. Given the absence of widespread testing for Coronavirus, Dr. Anthony Fauci is backpedaling on his projections that professional sports could resume this year. (As Fauci has said elsewhere, a model is just a model; when you … Continue reading →

Posted in Australia, Baseball, Churchill Downs, Crown Resorts, Economy, GameCO, Health, International, Internet gambling, Kentucky, Lawrence Ho, Lotteries, Marijuana, Massachusetts, Melco Resorts & Entertainment, Missouri, Nevada, Pennsylvania, Regulation, Scientific Games, Sports, Technology, Wall Street, Wynn Resorts | 2 Comments

Vegas: Welcome to the new normal

Posted on April 30, 2020 by David McKee

Phil Ruffin may have jumped the gun with that May 15 reopening date for Treasure Island. Gov. Steve Sisolak (D), without specifying a quarantine-lifting date, has extended a modified version of the Nevada lockdown into May. “We just have not reached … Continue reading →

Posted in Aristocrat, California, Downtown, Downtown Grand, Health, International, Las Vegas Sands, Macau, MGM Resorts International, Nevada, Phil Ruffin, Regulation, Sociedade de Jogos de Macau, Technology, Tribal, TV, Wynn Resorts | 1 Comment

Strip clocked, locals stronger; Montana reopens first

Posted on April 30, 2020 by David McKee

Nevada casinos won $618 million in a Covid-19-truncated March, with the Las Vegas Strip leading the plunge with a 46% fall to $300 million. Las Vegas locals play was remarkably strong under the circumstances, down only 20.5%, although that number may … Continue reading →

Posted in Atlantic City, Boulder Strip, Boyd Gaming, Donald Trump, Downtown, Economy, Election, Golden Gaming, Health, Internet gambling, Lake Tahoe, Laughlin, Mesquite, Nevada, North Las Vegas, Penn National, Pennsylvania, Reno, The Strip, Wall Street, Wendover, William Hill | Comments Off on Strip clocked, locals stronger; Montana reopens first

New opening for ‘Net bets; Goodman still under fire

Posted on April 24, 2020 by David McKee

With gaming reeling—and tax revenues along with it—Internet gambling may start looking more attractive to states that have previously scorned it. Sports betting has taken the lead, with Colorado poised to enter that fray. However, Morgan Stanley analyst Thomas Allen … Continue reading →

Posted in Atlantic City, Caesars Entertainment, Colorado, Culinary Union, Economy, Eldorado Resorts, GLPI, Health, Internet gambling, Morris Bailey, Nevada, New Jersey, Oregon, Penn National, Real Estate, Sports betting, Taxes, The Strip, Tilman Fertitta, Tribal, TV, Unite-Here, Wall Street, Wisconsin | Comments Off on New opening for ‘Net bets; Goodman still under fire

Sisolak vs. Goodman, Round Two; Wynn’s recovery plan

Posted on April 20, 2020 by David McKee

Nevada Gov. Steve Sisolak (D), while acknowledging that his state’s unemployment-aid infrastructure is swamped (although initial jobless claims declined to 58,641 last week), is taking a steady-as-she-goes approach to reopening the Silver State, relying heavily on medical advice. “This is not … Continue reading →

Posted in Australia, Caesars Entertainment, California, Charity, Conventions, Crown Resorts, Derek Stevens, Donald Trump, Economy, Entertainment, Florida, Health, Lake Tahoe, Nevada, Politics, The Strip, Tourism, Wynn Resorts | 1 Comment

Union: Where there’s a will, there’s a way

Posted on April 14, 2020 by David McKee

Discontent with casino management is spreading from Las Vegas to the Gulf Coast and beyond. In a Unite-Here teleconference, local union President Marlene Patrick Cooper expressed the general sentiment, saying, “This is a disaster that’s 10 times worse than Katrina. They chose … Continue reading →

Posted in Atlantic City, Caesars Entertainment, China, Derek Stevens, Dining, Economy, Eldorado Resorts, Entertainment, Health, Herbst Gaming, Mississippi, Movies, Nevada, Regulation, The Strip, Unite-Here, Wall Street | 1 Comment

Culinary issues demands; Outlasting Coronavirus

Posted on April 13, 2020 by David McKee

In a Thursday media event, the Culinary Union called for casinos to continue paying their inactivated employees for as long as the Coronavirus crisis lasts. Said Unite-Here President D. Taylor, “The industry, obviously, is a very profitable industry. We don’t understand their … Continue reading →

Posted in AGA, Architecture, California, Culinary Union, Donald Trump, Economy, Galaxy Entertainment, Health, Las Vegas Sands, Macau, Marketing, Melco Resorts & Entertainment, MGM Resorts International, Nevada, Regulation, Sociedade de Jogos de Macau, Technology, Tribal, Unite-Here, Wall Street, Wynn Resorts | Comments Off on Culinary issues demands; Outlasting Coronavirus

Asking the Big Guy; Coronavirus: Where does it end?

Posted on April 8, 2020 by David McKee

Trading on his longstanding Republican Party connections, American Gaming Association President Bill Miller is leapfrogging the Small Business Administration and Secretary of the Treasury Steve Mnuchin, to take his case straight to Donald Trump. The problem, as we outlined yesterday, is … Continue reading →

Posted in AGA, Arizona, Baseball, California, Donald Trump, Economy, Florida, Health, Japan, Macau, Massachusetts, Nevada, New Jersey, New York, Politics, Singapore | 2 Comments

Las Vegas closed through April 30

Posted on April 2, 2020 by David McKee

Jottings: Nevada Gov. Steve Sisolak (D) is asking Donald Trump to declare the Silver State a ‘major disaster’ area. We agree, but Trump is being punitive toward ‘blue’ states so we doubt Sisolak will get his wish. The governor extended … Continue reading →

Posted in Donald Trump, Downtown, Eldorado Resorts, Entertainment, Health, Nevada, Terry Caudill, The Mob, The Strip, Wynn Resorts | 1 Comment