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- David McKee on Sibella scandal spreads; Supremes forestall Seminoles
- Ray Lebowski on Sibella scandal spreads; Supremes forestall Seminoles
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Category Archives: New York
Tunica blues; Monticello racino folds early
“An aquatic center? A practice soccer field? They could have reconstructed this entire neighborhood.” So says Tunica resident Larry James of the misguided priorities that are leaving the county high and dry as the casino boom implodes. It certainly seems … Continue reading
Adelson sparks firestorm
When Bill Miller was appointed CEO of the American Gaming Association, we speculated that his relationship with Sheldon Adelson would be “less strained” than that of predecessor Geoff Freeman. Indeed, that already seems to be the case. It would account … Continue reading
Posted in AGA, Carl Icahn, Churchill Downs, Delaware, DFS, Eldorado Resorts, Florida, Geoff Freeman, Illinois, Internet gambling, Massachusetts, MGM Resorts International, Nevada, New Jersey, New York, Politics, Racinos, Regulation, Sheldon Adelson, Sports, Sports betting, Steve Wynn, Tropicana Entertainment, Wall Street, William Hill, Wynn Resorts
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Cuomo bets on sports; Resorts World LV disowns own designs
It looks as though New York State will split the baby on sports wagering: Casino-based betting in 2019, mobile wagering in 2022. Gov. Andrew Cuomo (D) has baked what Credit Suisse analyst Cameron McKnight calls “a small amount of sports … Continue reading
Posted in Architecture, Baseball, DFS, Genting, New Jersey, New York, Problem gambling, Sports betting, The Strip, Wall Street, William Hill, Wynn Resorts
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Re-reversing the Wire Act: What it means
Last weekend’s flip-flop by the Justice Department‘s stance on the Federal Wire Act has spurred a fair amount of chin scratching in the gaming industry. Global Market Advisors notes the immediate implication: “The action, which at best can be described as … Continue reading
Posted in Delaware, DFS, Illinois, Nevada, New Jersey, New York, Pennsylvania, Politics, Sheldon Adelson, Taxes, Wall Street
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FanDuel fumbles; Cuomo beats Senecas
“It has been a dominant season for the Crimson Tide and our traders have seen enough.” With those words, FanDuel proceeded to pay out $400,000 to University of Alabama bettors, even though the national collegiate championship game had not yet … Continue reading
Posted in history, MGM Resorts International, New York, Sports, Sports betting, Taxes, The Strip, Tribal, Wall Street
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MGM gets new admirer; Okada busted again
JP Morgan has initiated analyst-focus coverage of MGM Resorts International “as we see an increasingly favorable setup for 2019” that includes “relatively low expectations in Las Vegas.” Morgan analyst Joseph Greff applauded the upcoming pogrom of the MGM workforce, as well … Continue reading
Posted in Caesars Entertainment, Detroit, Entertainment, Foxwoods, Kazuo Okada, Law enforcement, Louisiana, Macau, Massachusetts, MGM Resorts International, Mohegan Sun, New York, Ohio, Penn National, Philippines, Regulation, Rhode Island, Sports, Steve Wynn, The Strip, Wall Street, Wynn Resorts
1 Comment
Philly Live shows signs of life; Sports betting no cure-all
Cordish Gaming‘s $700 million Philadelphia casino project (now with 100% less Watouche “Bob” Manoukian) has been postponed two years. However, in a sign of forward progress, Cordish has signed a general contractor and pledged “substantial completion” by 2020. It remains … Continue reading
Lady Gaga vanquishes the Strip
“Energy and heart.” That’s what Lady Gaga has brought to the Las Vegas Strip, according to early notices of Enigma. If you’ve seen A Star Is Born, you know that the sky’s the limit for Her Ladyship’s talent (even though the … Continue reading
Posted in Caesars Entertainment, Cirque du Soleil, Entertainment, Golden Gaming, Marketing, MGM Resorts International, New York, The Strip, Tribal
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Newcomers lose ground in Atlantic City
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
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Vegas ranks high for New Year’s Eve; MGM Springfield initiates bus service
WalletHub is out with a New Year’s Eve survey that ranks Las Vegas as the fifth-best city in which to celebrate the holiday, New York City (of course) led the list, followed by Los Angeles, Atlanta (see, we need casinos … Continue reading
Posted in Atlantic City, California, Connecticut, Foxwoods, Georgia, Japan, Lawrence Ho, Marketing, Massachusetts, Melco Resorts & Entertainment, MGM Resorts International, Mohegan Sun, New Hampshire, New York, Philippines, Problem gambling, Reno, Sports, The Strip, Transportation, Tribal
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Ruffin over Miami; Satre to state Wynn’s case
“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
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Casino comes to Arkansas; Luxury comes at a cost
That was quick. Downstream Development Authority, a branch of the Quapaw Tribe, has been tapped by local officials to develop a casino in Pine Bluff, Arkansas. If you think the decision precipitate, don’t worry: The Quapaw have been doing outreach … Continue reading
Posted in Arkansas, Caesars Entertainment, Connecticut, Economy, Illinois, Internet gambling, Macau, Marketing, MGM Resorts International, New York, Politics, Sports betting, Technology, Tribal, West Virginia
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Uncle Sam wants your sports bet; Strip outperforms Nevada
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
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Greektown sold; Resorts World Catskills gets cash infusion
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
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DFS wins one, loses one
FanDuel and DraftKings are in trouble in New York again. While holding that they didn’t violate state penal law, acting Supreme Court Justice Gerald Connolly split the baby by ruling DFS unconstitutional, a big victory for anti-gambling groups that had brought … Continue reading
Posted in DFS, Indiana, International, Internet gambling, Law enforcement, MGM Resorts International, New York, Penn National, Resort fees, Sports, Sports betting, The Strip
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Punishing month in Atlantic City
Gross-gaming revenues (not counting Internet play) were up 8% in Atlantic City last month, to $232 million. However, the prosperity wasn’t citywide, with same-store revenues down 11%. We’re still a long way from agreeing with Roger Gros‘ doom-and-gloom-and-doom prediction that two … Continue reading
Posted in Atlantic City, Boyd Gaming, Bruce Deifik, Caesars Entertainment, Dan Gilbert, Detroit, Eldorado Resorts, Genting, Greenwood Racing, Hard Rock International, International, Internet gambling, Las Vegas Sands, MGM Resorts International, Mohegan Sun, Nevada, New York, Penn National, Pennsylvania, Pinnacle Entertainment, Rush Street Gaming, Sports betting, Tilman Fertitta, Wall Street
1 Comment
Maryland & other case bets
Growth in Maryland continued last month, if not at the spectacular rates we’ve seen previously. Gaming revenue rose 7% to $144 million. The leader, of course, was MGM National Harbor, jumping 10% to $54.5 million, which translates to $1.8 million/day. … Continue reading
Posted in Affinity Gaming, Atlantic City, Caesars Entertainment, California, Charity, Churchill Downs, Cordish Co., Florida, Golden Gaming, Macau, Maryland, MGM Resorts International, Mohegan Sun, New York, Penn National, Rush Street Gaming, Sports, Technology, Tribal, West Virginia
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Las Vegas: The good, the bad, the resort fees
Mark it on your calendar. According to Credit Suisse analyst Cameron McKnight, long-awaited, tantalizingly delayed Resorts World Las Vegas will debut in late 2020, a date “recently … affirmed” by Genting Group. In other good news for Sin City, convention and … Continue reading
Posted in Arizona, Donald Trump, Economy, G2E, Genting, International, Internet gambling, Law enforcement, Macau, New York, Resort fees, Taxes, Technology, The Strip, Tribal, TV, Wall Street
1 Comment
Mohegan Sun shines
Congratulations to Mohegan Sun on being named ‘Best Hotel’ by readers of USA Today. I’ve never stayed there but would reckon this is quite a coup and shows yet again that tribal casinos don’t yield the palm to private-sector ones … Continue reading
Posted in Alex Meruelo, Atlantic City, Boyd Gaming, Caesars Entertainment, California, CityCenter, Derek Stevens, Dining, Downtown, Economy, Foxwoods, Las Vegas Sands, Louisiana, Marketing, MGM Resorts International, Mohegan Sun, New York, Penn National, Pinnacle Entertainment, Reno, Resort fees, Sheldon Adelson, Station Casinos, Tamares Group, The Strip, Tilman Fertitta, Tribal, Wynn Resorts
2 Comments
Quote of the Day
“At a New York City music festival Saturday night, somebody stepped on a bottle and popped it, setting off a panic among many of the 60,000 attendees who thought it was a gunshot because, you know, it’s the United States.” — Boston Globe … Continue reading
Posted in Mandalay Bay Massacre, New York
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