Category Archives: New Jersey

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 on Newcomers lose ground in Atlantic City

Ruffin over Miami; Satre to state Wynn’s case

Posted on December 10, 2018 by David McKee

“I look forward to entering the Miami gaming market through this acquisition. We have exciting plans for Casino Miami that we will be revealing in the near future.” With those words Phil Ruffin took possession of the $155 million casino, … Continue reading →

Posted in Election, Florida, International, Internet gambling, Las Vegas Sands, Macau, Massachusetts, MGM Resorts International, Mohegan Sun, New Jersey, New York, Phil Ruffin, Politics, Regulation, Seminole Tribe, Sexual misconduct, Sports betting, Steve Wynn, Wall Street, Wynn Resorts | Comments Off on Ruffin over Miami; Satre to state Wynn’s case

MGM, Cordish clean up in Maryland; Pennsylvania a cash cow

Posted on December 7, 2018 by David McKee

It was another good month at MGM National Harbor, which grossed almost $2 million per day in November, an above-average take for the pleasure palace. Slots were up 15% (to $31 million) while table games leapt 46%, grossing $26 million. … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, Churchill Downs, Cordish Co., DFS, Economy, Eldorado Resorts, GLPI, Golden Gaming, Illinois, Internet gambling, Japan, Macau, Maryland, MGM Resorts International, New Jersey, Penn National, Pennsylvania, Rush Street Gaming, Sports betting, Taxes, Tourism, Transportation, Wall Street, West Virginia | Comments Off on MGM, Cordish clean up in Maryland; Pennsylvania a cash cow

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 on Uncle Sam wants your sports bet; Strip outperforms Nevada

Trop defies Atlantic City odds; Massachusetts underachieves

Posted on November 16, 2018 by David McKee

October was good for Atlantic City‘s new casinos, with the overall market up 8%, but bad for the incumbents, down 11.5%. Terrestrial gambling win totaled $200.5 million, with mixed messages all over the place. Slot win was up 5% but … Continue reading →

Posted in Atlantic City, Australia, Boyd Gaming, Bruce Deifik, Caesars Entertainment, Charity, Churchill Downs, Connecticut, Dan Gilbert, Detroit, Eldorado Resorts, Georgia, GLPI, Greenwood Racing, Hard Rock International, International, Internet gambling, Isle of Capri, Las Vegas Sands, Louisiana, Massachusetts, MGM Resorts International, Mohegan Sun, New Jersey, Penn National, Rush Street Gaming, Scientific Games, Sports, Sports betting, Tilman Fertitta, Tropicana Entertainment, Wall Street | 2 Comments

Greektown sold; Resorts World Catskills gets cash infusion

Posted on November 14, 2018 by David McKee

Due to its presence in the Detroit market as operator of Caesars Windsor, it’s not possible for Caesars Entertainment to own a casino in Motown. But nobody said anything about its REIT, Vici Properties. The latter is teaming with Penn National Gaming … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, California, Dan Gilbert, Detroit, Eldorado Resorts, Election, Genting, Internet gambling, Massachusetts, Mohegan Sun, New Jersey, New York, Penn National, Pennsylvania, Pinnacle Entertainment, Regulation, Sheldon Adelson, Sports betting, Steve Wynn, Wynn Resorts | Comments Off on Greektown sold; Resorts World Catskills gets cash infusion

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

The merger of mergers?; Hooters up for grabs

Posted on November 5, 2018 by David McKee

This morning Credit Suisse analyst Cameron McKnight reported that MGM Resorts International is “possibly” looking into a buyout of Caesars Entertainment, news that is certain to have a salutary effect on the latter’s stock price. What should be of more … Continue reading →

Posted in Caesars Entertainment, California, Hooters, Internet gambling, Las Vegas Sands, Maryland, MGM Mirage, New Jersey, Penn National, Pennsylvania, Pinnacle Entertainment, Sports, Sports betting, The Strip, Tribal, Wall Street, Wynn Resorts | 3 Comments

Quote of the Day

Posted on October 25, 2018 by David McKee

“We are not litigious people but this is ridiculous. If the court finds in our favor, a portion of the proceeds will fund scholarships for creative writing programs at New Jersey universities.” — William Hill US CEO Joe Asher, on … Continue reading →

Posted in DFS, New Jersey | Comments Off on Quote of the Day

Tilman covets Roman empire; Bellagio turns 20

Posted on October 18, 2018 by David McKee

Tilman Fertitta is the maverick among mavericks in the casino industry, beating veteran operators at their own game and doing it as some one who entered the industry as a novice and immediately began to strike gold. More recently, he’s … Continue reading →

Posted in Caesars Entertainment, Dan Gilbert, Dining, Economy, history, Internet gambling, MGM Resorts International, New Jersey, Sheldon Adelson, Texas, The Strip, Tilman Fertitta | 3 Comments

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 on Doing the right thing

FanDuel goes “George”; So long, Lucky Dragon

Posted on September 24, 2018 by David McKee

While the week is young, it hardly seems premature to hail FanDuel as our “George of the Week” after it agreed to honor erroneously generated 750-1 odds on the outcome of yesterday’s Denver Broncos/Oakland Raiders tilt. (Hey, Las Vegas, how … Continue reading →

Posted in Lucky Dragon, Marketing, New Jersey, Resort fees, Sports, Sports betting | Comments Off on FanDuel goes “George”; So long, Lucky Dragon

Suicide squeeze in Macao; Is Atlantic City ready for some football?

Posted on September 12, 2018 by David McKee

Most of Macao‘s casinos are playing a game of chicken with the local government, daring it to enforce its smoking ban. Only 12 of 47 casinos have installed smoking lounges. Personally, I wouldn’t want to get on the wrong side … Continue reading →

Posted in Caesars Entertainment, Environment, Hard Rock International, Harrah's, International, Internet gambling, Kentucky, Macau, Melco Resorts & Entertainment, New Jersey, Oklahoma, Politics, Problem gambling, Regulation, Sociedade de Jogos de Macau, Sports, Sports betting, Texas, Tribal, Virginia | 1 Comment

Playing the Trump card; Manilow renewed

Posted on August 22, 2018 by David McKee

In his latest newsletter, gaming-law expert I. Nelson Rose looks at the impact, real and potential, of retaliatory tariffs on playing cards. Canada and the European Union have imposed 10% import levies on playing cards from the United States, though … Continue reading →

Posted in Donald Trump, Economy, Entertainment, Greenwood Racing, International, Kentucky, Las Vegas Sands, Lucky Dragon, Macau, New Jersey, Ohio, Paragon Gaming, Pennsylvania, Politics, Sports betting, The Crown 18, The Strip, Westgate LV | Comments Off on Playing the Trump card; Manilow renewed