Category Archives: New Jersey

NFL bettors sacked; Strip resort folds; Caesars plan panned

Life at S&G HQ is seriously clouded by the critical illness of a beloved fur baby. Nevertheless, we shall endeavor to gather our thoughts, starting with the consequences for bettors of the life-threatening Damar Hamlin injury on Monday Night Football. … Continue reading

Posted in Arizona, Atlantic City, Caesars Entertainment, Chicago, Derek Stevens, DraftKings, Economy, Entertainment, Failsinos, FanDuel, Florida, Genting, Georgia, Hard Rock International, Horseracing, International, Las Vegas Sands, LVCVA, Macau, MGM Resorts International, Nebraska, New Jersey, New York, Ohio, PointsBet, Politics, Racinos, Riviera, Rush Street Gaming, Sports, Sports betting, The Strip, Tribal, TV, Wall Street, Wynn Resorts | 1 Comment

Penn problems; Maryland sports bets boffo; Oscar pix

Regulators in Massachusetts struck an unsatisfactory compromise with Penn Entertainment. The latter’s Plainridge Park was granted a sports book license, conditional upon a suitability investigation of Barstool Sports founder—and the new face of Penn—Dave Portnoy. “We are very comfortable with … Continue reading

Posted in Barstool Sports, BetMGM, Caesars Entertainment, DraftKings, FanDuel, Indiana, Kansas, Marketing, Maryland, Massachusetts, MGM Resorts International, Movies, New Jersey, Ohio, Penn National, Regulation, Sports betting, Steve Wynn | Comments Off on Penn problems; Maryland sports bets boffo; Oscar pix

Indiana flat, Missouri down; Bally’s happy talk; Miller loses it

Casinos in Indiana kept pace with 2021 last month, grossing $196 million. No prizes for guessing who was tops—Hard Rock Northern Indiana with $35.5 million, a 14% leap from the previous November. Horseshoe Hammond fell 16% but hung in there … Continue reading

Posted in AGA, Australia, Bally, Barstool Sports, BetMGM, Boyd Gaming, Caesars Entertainment, Century Casinos, Chicago, China, Colorado, Conventions, DFS, DraftKings, Economy, FanDuel, Genting, Golden Nugget, Hard Rock International, Indiana, International, Internet gambling, Law enforcement, Macau, Missouri, New Jersey, New York, Penn National, Regulation, Sports betting, Star Entertainment, Station Casinos, Tilman Fertitta, Tribal | Comments Off on Indiana flat, Missouri down; Bally’s happy talk; Miller loses it

Report from Chicago; Gray Lady in high dudgeon

If you have a bridge in Brooklyn or perhaps some swamp land in Florida, then Oak Street Real Estate Capital would like to hear from you. It just paid $200 million for the site of Bally’s Chicago and $300 million … Continue reading

Posted in AGA, Atlantic City, Bally, Barstool Sports, California, Chicago, Diversity, DraftKings, FanDuel, GLPI, Hard Rock International, Health, Illinois, Internet gambling, Las Vegas Sands, Macau, Marketing, Maryland, Michigan, New Hampshire, New Jersey, New York, North Las Vegas, Penn National, Pennsylvania, Real Estate, Regulation, Rhode Island, Sports betting, Taxes, The Strip, Tourism, Tribal, Virginia, Wall Street, Wynn Resorts | 1 Comment

Atlantic City slideshow & sideshow; Mega-Jottings

Something different today from the Boardwalk: A first glimpse of new-look Caesars Atlantic City. That $400 million in capex reinvestment didn’t go to waste. There’s now a Nobu (above) and a Hell’s Kitchen (below), “both high-quality work and high prices,” … Continue reading

Posted in AGA, Atlantic City, Bally, BetMGM, Caesars Entertainment, Cordish Co., Dining, Economy, Election, Entertainment, Internet gambling, Law enforcement, Lotteries, Michigan, Nevada, New Jersey, Pennsylvania, Sports | 2 Comments

Station accentuates positives; Wynn gets richer, Adelson poorer

Do Station Casinos execs really want to double their footprint in seven years? Yesterday they reported flat 3Q22 revenues of $414.5 million, all but $3 million of which were Vegas-derived, unwittingly highlighting the company’s exposure to a single market. Company … Continue reading

Posted in Bally, Boulder Strip, Caesars Entertainment, California, Charity, Downtown, e-sports, Economy, Election, Galaxy Entertainment, Hard Rock International, International, Internet gambling, James Packer, Las Vegas Sands, Louisiana, Macau, MGM Resorts International, New Jersey, Pansy Ho, Real Estate, Sports betting, Station Casinos, Steve Wynn, The Strip, Wall Street, World Series of Poker, Wynn Resorts | 1 Comment

Bullish for Boyd; Abbott does Texas two-step; D.C. remorse

Bad economy? Not if you’re Boyd Gaming. The regional giant significantly improved third-quarter income, from $843 million in 3Q21 to $877 million this year. Said CEO Keith Smith, “Continuing into October, customer spending has been very consistent with the trends … Continue reading

Posted in Alabama, Barstool Sports, Baseball, Boyd Gaming, Caesars Entertainment, California, Downtown, Economy, Election, Hard Rock International, Hawaii, Indiana, International, Internet gambling, Japan, Louisiana, Mattress Mack, Mohegan Sun, New Jersey, Pennsylvania, Politics, Sports betting, Texas, Tourism, Tribal, Virgin Hotels, Wall Street, Wynn Resorts | 2 Comments

Voyage to Vegas, Part One

Not us. We’re in Vermont, vacationing. But Deutsche Bank analyst Carlo Santarelli trekked to Sin City and met with representatives of eight companies. We’ll start with MGM Resorts International, which waxed pretty darn upbeat. In Las Vegas, MGM’s strength lies … Continue reading

Posted in Arizona, Atlantic City, BetMGM, Boyd Gaming, Caesars Entertainment, California, Canada, CityCenter, Cosmopolitan, Culinary Union, Election, Fontainebleau, Genting, Hard Rock International, Indiana, Internet gambling, Iowa, Las Vegas Sands, Louisiana, Macau, MGM Resorts International, Missouri, Nebraska, New Jersey, New York, North Carolina, Palms, Penn National, Pennsylvania, Philippines, Politics, Singapore, Sociedade de Jogos de Macau, Sports, Sports betting, The Strip, Virginia, Wall Street | 3 Comments

Weekend edition

Internet gambling produced more than Detroit‘s casinos did for Michigan last month, $131 million to $104.5 million. Unsurprisingly, BetMGM was dominant with $49 million. Thence came DraftKings ($26.5 million) and FanDuel ($19 million). Smaller fry included BetRivers ($9 million), Caesars … Continue reading

Posted in Atlantic City, Bally, Barstool Sports, BetMGM, Caesars Entertainment, California, Detroit, DraftKings, FanDuel, GLPI, Lake Tahoe, MGM Resorts International, Michigan, Mississippi, Nebraska, New Jersey, Penn National, Pennsylvania, Racinos, Rush Street Gaming, The Strip, Tribal, Unite-Here, Vici Properties, Wall Street, Wynn Resorts | 2 Comments

Atlantic City still surging; Aces win it all for Las Vegas

Casino executives in Atlantic City may continue to plead poverty but the numbers tell a different story. Last month’s tally was $274 million, up 4.5% from last year. Slot revenue was $204 million, up 3% on looser hold and 3.5% … Continue reading

Posted in Atlantic City, Bally, Barstool Sports, BetMGM, Boyd Gaming, Caesars Entertainment, China, Churchill Downs, Cordish Co., DraftKings, FanDuel, Genting, Golden Nugget, Greenwood Racing, Hard Rock International, history, Illinois, Indiana, Internet gambling, Las Vegas Raiders, Louisiana, LVCVA, Macau, Marketing, Massachusetts, MGM Resorts International, Mississippi, Mohegan Sun, New Jersey, New York, Ocean Resort, Penn National, Pennsylvania, PointsBet, Regulation, Rush Street Gaming, Sociedade de Jogos de Macau, Sports, The Strip, Wall Street, WInd Creek, Wynn Resorts | Comments Off on Atlantic City still surging; Aces win it all for Las Vegas

Crimes and misdemeanors

Whoever killed reporter Jeff German may not be too terribly smart. Las Vegas Metro released photos of its prime suspect, dressed in “a bright orange reflective long-sleeve shirt, a pair of jeans and a straw hat that covered much of … Continue reading

Posted in California, Election, International, Kansas, Kazuo Okada, Law enforcement, Lotteries, Massachusetts, Missouri, New Jersey, New York, Pennsylvania, Philippines, Politics, Problem gambling, Regulation, Scientific Games, Sexual misconduct, Sports betting, Steve Wynn, Taxes, Tribal, Wynn Resorts | Comments Off on Crimes and misdemeanors

PILOT overboard!; Black Book bust; A spark for Sparks

“There is no evidence to suggest that casinos could not meet their PILOT obligations.” With those words Judge Michael Blee tossed New Jersey‘s current Payment In Lieu Of Taxes (PILOT) special-status tax program for casinos, which has lost round after … Continue reading

Posted in Arizona, Atlantic City, Barstool Sports, BetMGM, Caesars Entertainment, Churchill Downs, Derek Stevens, DraftKings, FanDuel, Gary Goett, Golden Nugget, Law enforcement, MGM Resorts International, New Jersey, Reno, Rush Street Gaming, Taxes, The Strip, Wynn Resorts | 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

Sharp decline in Detroit; Biden backs Seminoles, DeSantis

Motown casinos grossed $106 million last month, off 8.5% from July 2021 (and way down from 2019, excepting stellar MGM Grand Detroit). MGM led with $51 million, MotorCity followed with $35 million and, as always, Hollywood Detroit brought up the … Continue reading

Posted in Barstool Sports, BetMGM, Caesars Entertainment, Detroit, DraftKings, FanDuel, Florida, FoxBet, Hard Rock International, Illitch Family, Internet gambling, Las Vegas Sands, MGM Resorts International, Michigan, New Jersey, New York, Penn National, Politics, Rush Street Gaming, Seminole Tribe, Sports betting, Wynn Resorts | 1 Comment

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

Posted in Atlantic City, Caesars Entertainment, California, China, Election, Genting, Georgia, Health, history, International, Massachusetts, MGM Resorts International, Nevada, New Jersey, New York, Peninsula Pacific, Pets, Politics, Regulation, Resorts World LV, Sports betting, Virginia | 2 Comments

Strip perceives no inflation woe; Union sells out workers health

Truist Securities analyst Barry Jonas recently took a tour of Las Vegas‘ C-suites, meeting with executives of seven companies. He concluded that “Despite market sentiment, operators remain generally positive.” Both the Las Vegas Strip and the recently declining locals market … Continue reading

Posted in Atlantic City, Bally, Chicago, Conventions, Derek Stevens, Economy, G2E, Golden Nugget, Health, Internet gambling, Law enforcement, Missouri, Mohegan Sun, New Jersey, Regulation, Rhode Island, Slot routes, Sports betting, The Strip, Tourism, Unite-Here, United Kingdom, Wall Street | 1 Comment

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

Maryland weaker, Illinois stronger; Mickelson in denial

Even as playing levels normalize from last year, gambling revenues continue their upward tread. Maryland, for instance, was 4% higher in May than a year ago (and 17.5% above 2019). Had there not been one fewer weekend day than in … Continue reading

Posted in Architecture, Atlantic City, Bally, Barstool Sports, Boyd Gaming, Caesars Entertainment, California, Chicago, Churchill Downs, Cordish Co., DFS, DraftKings, Economy, FanDuel, Genting, Golden Nugget, Hard Rock International, Health, Illinois, Maryland, MGM Resorts International, Nebraska, New Jersey, New York, Ohio, Penn National, Phil Ruffin, Politics, Problem gambling, Racinos, Sports, Sports betting, Taxes, Tribal, Virginia, Washington State | 1 Comment

Smoke signals in Atlantic City; Discontent in Las Vegas

Atlantic City gambling halls like Ocean Casino Resort (pictured) may get a summer’s reprieve from a smoking ban, as the New Jersey legislative session winds down without resolution on the contentious issue. Even if both chambers were to vote by … Continue reading

Posted in Atlantic City, California, Culinary Union, Economy, Environment, Genting, Health, Japan, Kazuo Okada, Macau, MGM Resorts International, Money laundering, New Jersey, New York, Ohio, Philippines, Politics, Regulation, Resorts World LV, Sports betting, Tribal, Wall Street | 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

Posted in Atlantic City, Caesars Entertainment, Charity, Conventions, Economy, Hard Rock International, Health, Indiana, Internet gambling, Macau, MGM Resorts International, Nevada, New Jersey, Politics, Taxes, The Rio, The Strip, Tribal, TV, Unite-Here, World Series of Poker | 1 Comment