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Category Archives: New Jersey
Internet gambling hits Jersey high; Hard Rock back to Vegas
April was the worst of months and best of months for New Jersey. Sports books are estimated to have lost out on $450 million in handle while Internet casinos did better than ever, raking in $80 million. “Seeing New Jersey’s retail … Continue reading
Everybody out of the pool!; Lean times in Indian Country
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
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MGM: Survey says …; Odds favor Harris for VP
MGM Resorts International wants your opinion … well, some of you anyway. In a survey obtained by Scott Roeben of VitalVegas, Leo the Lion poses an array of questions to Platinum- and Noir-tier customers. As Roeben says, it reveals more than … Continue reading
New opening for ‘Net bets; Goodman still under fire
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
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Gambling in the time of Coronavirus
Editor’s note: This roundtable was originally conducted for Casino Life magazine. For reasons unrelated to content, it was ‘put in turnaround,’ as they say in Hollywood. Rather than waste a perfectly good exchange between gaming executive Yaniv Sherman and sportswriter … Continue reading
Posted in Boyd Gaming, California, Conventions, DraftKings, e-sports, FanDuel, Health, Horseracing, Illinois, International, Internet gambling, Michigan, Missouri, New Jersey, Pennsylvania, Sports, Sports betting
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Internet saves Atlantic City; Hope for sports bettors
On March 16, both Atlantic City and Detroit closed their casinos, but the Boardwalk had it somewhat worse, down 62% in the truncated month. (The numbers suggest that visitation may have been tailing off prior to the shutdown.) Atlantic City … Continue reading
Posted in AGA, Atlantic City, Caesars Entertainment, Detroit, DraftKings, Eldorado Resorts, FanDuel, Hard Rock International, Health, Internet gambling, Massachusetts, MGM Resorts International, Mohegan Sun, New Jersey, Ocean Resort, Penn National, Sports, Sports betting, Tilman Fertitta, Tribal, Wynn Resorts
1 Comment
Asking the Big Guy; Coronavirus: Where does it end?
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
Darkness at noon
Casino dominos continue to topple. The Cosmopolitan of Las Vegas is the latest Las Vegas Strip casino to close thanks to Covid-19, “temporarily.” (Well, none of the closures has been permanent but there are different degrees of temporary-ness, MGM Resorts … Continue reading
Posted in Alabama, Atlantic City, Caesars Entertainment, Connecticut, Cosmopolitan, Detroit, Dining, Foxwoods, Health, Las Vegas Raiders, Las Vegas Sands, Louisiana, Massachusetts, MGM Resorts International, Michigan, Mississippi, Mohegan Sun, New Jersey, New York, Penn National, Sports, The Strip, Tribal
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Trump a public menace … Trump Plaza, that is
Carl Icahn clings to dilapidated Trump Plaza like a child to a favorite toy. But he may be forced to face reality whether he likes it or not. It’s ‘Look out below’ for pedestrians passing the corpse of the casino, … Continue reading
Posted in Atlantic City, Caesars Entertainment, Carl Icahn, Detroit, Economy, Eldorado Resorts, FanDuel, Hard Rock International, Health, Internet gambling, Las Vegas Sands, Massachusetts, MGM Resorts International, Mohegan Sun, Nevada, New Jersey, Ocean Resort, Penn National, Sports, Sports betting, The Strip, Tilman Fertitta, Wynn Resorts
3 Comments
Quote of the Day
“I go to the coffee shop and hear it from my people. They don’t want to go to Jersey. They don’t want to get in their car, or jump on the train and go to Jersey. They want to stay … Continue reading
Posted in New Jersey, New York, Politics, Sports betting
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Reeg savages Caesars; Catskills rescue plan
Having rashly committed $500 million in reinvestments to the Louisiana market (he’ll have to build whole new casinos to spend that much), Eldorado Resorts CEO Tom Reeg has to make those forfeited savings back somewhere. Potential sales of Caesars Entertainment‘s … Continue reading
Posted in Alaska, Animals, Caesars Entertainment, Conventions, Donald Trump, Economy, Eldorado Resorts, Election, Entertainment, Foxwoods, Genting, Internet gambling, Japan, Las Vegas Sands, Lotteries, Louisiana, Marketing, Massachusetts, New Jersey, New York, Planet Hollywood, Resorts World LV, Sexual misconduct, Sports betting, The Rio, The Strip
1 Comment
“Empty gesture” in Macao; Big deals for Scientific, Hill
Casinos may have reopened in Macao but coronavirus cannot be so easily wished away. Fears of its spread hit U.S. stock markets hard, with the Dow Jones tumbling 840 points, ceding all 2020 gains. Overseas bourses are taking it hard, too, … Continue reading
Posted in Alabama, Arizona, Atlantic City, China, Culinary Union, Economy, Election, Galaxy Entertainment, Genting, Health, International, Internet gambling, Las Vegas Sands, Macau, Melco Resorts & Entertainment, MGM Resorts International, Michigan, Mississippi, Nevada, New Jersey, Oklahoma, Pennsylvania, Scientific Games, Singapore, Sociedade de Jogos de Macau, Sports, Sports betting, Taxes, Tilman Fertitta, Tourism, Tribal, Wall Street, William Hill, Wynn Resorts
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Atlantic City looking good; Murren calls it quits
An extra weekend day helped nudge Atlantic City casinos up 8% last month, for a $192 million gross. Tables were relatively sluggish (+1%) but slots were hot (+11%). Borgata gained 8.5% on the strength of 4.5% more table win—despite 3% … Continue reading
Posted in Atlantic City, Caesars Entertainment, China, CityCenter, Conventions, Detroit, Eldorado Resorts, Hard Rock International, Health, Internet gambling, Japan, Maryland, Massachusetts, MGM Resorts International, Mississippi, Mohegan Sun, Morris Bailey, Nevada, New Jersey, New York, Ocean Resort, Ohio, Sports, Sports betting, Technology, The Strip, Tilman Fertitta, Wall Street
3 Comments
DFS dealt major setback; Mills is grist
Daily fantasy sports was dealt a major setback when a New York State court ruled it unlawful. It was deemed that the Lege had exceeded its remit by classifying DFS as a game of skill, not of chance. New York … Continue reading
Posted in Affinity Gaming, Churchill Downs, Connecticut, Crown Resorts, Detroit, DFS, Diversity, DraftKings, FanDuel, Foxwoods, International, Las Vegas Sands, Lotteries, Maine, Melco Resorts & Entertainment, MGM Resorts International, Mohegan Sun, Nevada, New Hampshire, New Jersey, New York, Penn National, Politics, Problem gambling, Regulation, Sports betting, Technology
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Tramway to Encore; Pennsylvania pony pennies pinched
A gondola ride from Everett City Hall to Encore Boston Harbor? It could happen. Everett Mayor Carlo DeMaria has applied for a $200,000 study grant so that the city can look into the feasibility. He’s picking up the ball from Wynn … Continue reading
Macao: Worse than expected; New deal on Connecticut table
When China gets coronavirus, Macao develops pneumonia. While Wall Street was expecting gaming revenues to dip 2% in January, they fell 11%. Macanese casinos still grossed $2.75 billion, so it’s not like they were hearing crickets. However, February is shaping … Continue reading
Posted in Atlantic City, Caesars Entertainment, China, Connecticut, Derek Stevens, Downtown, Economy, Eldorado Resorts, Foxwoods, Health, IGT, Illinois, Japan, Las Vegas Sands, Louisiana, Macau, MGM Resorts International, Mohegan Sun, New Jersey, Pennsylvania, Politics, Regulation, Sheldon Adelson, Sports betting, Tourism, West Virginia
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Spectrum under the microscope; Super Bowl bets boffo
Expected approval of Spectacle Entertainment‘s casino project in Terre Haute came to a screeching halt after revelations that former state Sen. Brent Waltz received illegal campaign contributions from an executive at Spectacle predecessor Centaur Gaming. The disclosure was enough for … Continue reading
Posted in AGA, Centaur Gaming, Indiana, Law enforcement, Movies, Nevada, New Jersey, Politics, Regulation, Spectacle Entertainment, Sports, Sports betting, Westgate LV, William Hill
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It’s Greek to them; Super Bowl odds amuse
Despite having lost its bid for the Hellenikon megaresort concession, Hard Rock International isn’t taking rejection lying down. “While we are disappointed by this news, we are more disappointed in the process. Hard Rock firmly believes it was wrongly disqualified … Continue reading
Posted in Animals, Conventions, Donald Trump, Election, Entertainment, Environment, Hard Rock International, Indiana, International, MGM Resorts International, Mohegan Sun, Movies, New Jersey, Sports, Sports betting, The Mob, TV
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Chinese New Year in ruins; LV Locals casinos hacked
Coronavirus is spreading like wildfire. Not only has it cropped up in Beijing, Hong Kong (uh-oh) and Shanghai, cases are being reported in Taiwan, Thailand, France, Japan, South Korea, Australia, and our own United States. China President Xi Jinping has taken … Continue reading
Posted in Atlantic City, China, Colorado, Derek Stevens, Downtown, DraftKings, Health, International, Las Vegas Raiders, Macau, MGM Resorts International, New Jersey, Politics, Sports, Sports betting, Station Casinos, Technology, The Strip, Tilman Fertitta, Twin River
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XFL bets taken; Mohegan Sun, Hard Rock clash; Straub arrested
New Jersey has allowed betting on the XFL, the sixth state to do so. But does anybody care? The league hopes that sports betting will spark fan interest in the games. MGM Resorts International already got burned by the Alliance … Continue reading
Posted in Australia, Glenn Straub, Hard Rock International, International, James Packer, Law enforcement, Lawrence Ho, Lotteries, Melco Crown Entertainment, MGM Resorts International, Mohegan Sun, Money laundering, New Jersey, Pennsylvania, Sports, Sports betting
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