Category Archives: Ocean Resort

Atlantic City: Boardwalk boffo, sports betting bigger still; DeSantis wins

September was a breakout month for Atlantic City casinos, which surged 11% over 2019 to $248.5 million. Slot win was 14% higher on 13% more coin-in and table games garnered 4% more on 4% greater wagering, so luck was with … Continue reading

Posted in Atlantic City, Bally, Barstool Sports, BetMGM, Caesars Entertainment, Culinary Union, DraftKings, FanDuel, Florida, Genting, Golden Nugget, Hard Rock International, Health, Illitch Family, Internet gambling, Marketing, MGM Resorts International, Mohegan Sun, New Jersey, New York, Ocean Resort, Philippines, PointsBet, Real Estate, Seminole Tribe, Sports, Sports betting, Tamares Group, Taxes, Texas, Tribal, Wall Street | 2 Comments

Biden wades into Florida swamp; New eras at Palms, Ocean

Intentionally or not, President Joe Biden (D) has done Florida Gov. Ron DeSantis (R) a solid. He wants the federal judiciary to dismiss litigation that would invalidate DeSantis’ controversial compact with the Seminole Tribe. As amusing as the spectacle of … Continue reading

Posted in Aristocrat, Atlantic City, Australia, Baseball, Boyd Gaming, Caesars Entertainment, Connecticut, Economy, Environment, Florida, Full House Resorts, Hard Rock International, Health, Illinois, Illitch Family, Lake Tahoe, Las Vegas Sands, LVCVA, Marketing, MGM Resorts International, Money laundering, Nevada, North Las Vegas, Ocean Resort, Palms, Regulation, Reno, San Manuel Band of Mission Indians, Seminole Tribe, Sports betting, Star Entertainment, Station Casinos, Technology, The Strip, Tribal, Wynn Resorts | Comments Off on Biden wades into Florida swamp; New eras at Palms, Ocean

Encore dominates Massachusetts; Penn touted; Fontainebleau jilted

Gaming revenues in Massachusetts were up 10% from September 2019, reaching $89 million. The lion’s share (65%) went to Encore Boston Harbor, leaping 17.5% to $57.5 million—$7 million more than Deutsche Bank analyst Carlo Santarelli expected. (Encore also disclosed some … Continue reading

Posted in Animals, Barstool Sports, BetMGM, Caesars Entertainment, Detroit, DraftKings, Economy, Entertainment, FanDuel, Fontainebleau, FoxBet, Golden Nugget, Health, Internet gambling, Lake Tahoe, Marketing, Massachusetts, MGM Resorts International, Michigan, Mohegan Sun, Ocean Resort, Penn National, Pennsylvania, Rush Street Gaming, Singapore, Sports, Sports betting, Steven Witkoff, The Strip, TV, Wall Street, Wynn Resorts | 1 Comment

Disaster at Ocean; Ready when you are, CB; Gruden gone

In a development that portends nothing but ill for Atlantic City, the CEO of Ocean Casino Resort, Terry Glebocki has resigned. She also leaves the Casino Association of New Jersey rudderless, no doubt to be replaced in both roles by … Continue reading

Posted in Architecture, Atlantic City, Australia, China, Cretins, Crown Resorts, Lake Tahoe, Las Vegas Raiders, LVCVA, Money laundering, Ocean Resort, Real Estate, Riviera, Sports, Star Entertainment, Station Casinos | 3 Comments

Atlantic City slumps, as does Pennsylvania; Culinary kabuki theatre

Casinos along the Boardwalk continue to be impervious to the economic recovery that is prevalent in the gaming industry. Atlantic City was down 8% last month compared to 2019, grossing $262.5 million. Sports betting brought in $52 million (+32% from … Continue reading

Posted in Atlantic City, Bally, Barstool Sports, BetMGM, Boyd Gaming, Caesars Entertainment, Churchill Downs, Cordish Co., CQ Holdings, Culinary Union, DraftKings, Entertainment, FanDuel, Florida, FoxBet, Golden Nugget, Greenwood Racing, Hard Rock International, International, Internet gambling, Japan, Las Vegas Sands, Louisiana, Macau, Melco Resorts & Entertainment, MGM Resorts International, Mohegan Sun, Ocean Resort, Penn National, Pennsylvania, Rush Street Gaming, Sports, Sports betting, Technology, The Strip, Tribal, Wall Street, Washington State, Wayne F. Newton, William Hill, Wynn Resorts | 1 Comment

Boyd, Caesars express optimism; Atlantic City slows

Continuing JP Morgan‘s march through Las Vegas, senior analyst Joseph Greff met with Boyd Gaming CEO Keith Smith and CFO Josh Hirsberg. They seemed pleased, on the whole, marveling and the resilience of their customers, whose play was “amazingly consistent” … Continue reading

Posted in Arizona, Atlantic City, Australia, Boyd Gaming, Caesars Entertainment, Conventions, Cosmopolitan, Crown Resorts, Downtown, Economy, Golden Nugget, Hard Rock International, Hawaii, International, Internet gambling, Las Vegas Sands, Marketing, Massachusetts, MGM Resorts International, Mississippi, Ocean Resort, Penn National, Pennsylvania, Sports betting, The Strip, Transportation, Wall Street, Wynn Resorts | 4 Comments

Super-spreader event at Caesars nixed; Mega-jottings

Caesars Entertainment must have decided it was poor optics to be hosting a convention of anti-vaxxers at brand-new Caesars Forum as Coronavirus cases spike. Or maybe it blanched at the potential deep-cleaning costs after the event. Either way, QAnon-espousing “Patriot … Continue reading

Posted in Alex Meruelo, Architecture, Arizona, Arkansas, Atlantic City, Bally, Barstool Sports, BetMGM, Canada, Charity, Cirque du Soleil, Conventions, Cordish Co., Cosmopolitan, Dining, DraftKings, Entertainment, FanDuel, Foxwoods, Golden Nugget, Greenwood Racing, Hard Rock International, Health, Horseracing, International, Internet gambling, Las Vegas Raiders, M Resort, Marijuana, Marketing, MGM Resorts International, Mohegan Sun, Nevada, North Carolina, Ocean Resort, Penn National, Pennsylvania, PointsBet, Sahara, South Dakota, Sports, Sports betting, Station Casinos, The Strip, Tilman Fertitta, Virginia, Wynn Resorts, Wyoming | 2 Comments

Ida hits coastal casinos; Case Bets

Gulf Coast casinos are currently weathering Hurricane Ida and can be optimistic—at least in Mississippi—that it will not be a replay of Hurricane Katrina, now that all the coastal casinos are onshore. However, garages are flooding and casino doors are … Continue reading

Posted in Arizona, Atlantic City, Bally, BetMGM, Churchill Downs, Crown Resorts, DraftKings, FanDuel, Genting, Golden Nugget, James Packer, Japan, Melco Crown Entertainment, Mississippi, Ocean Resort, Oregon, Penn National, Rush Street Gaming, Sports, Sports betting, Technology, The Strip, Tribal, Westgate LV, William Hill, Wisconsin, Wynn Resorts | 3 Comments

Atlantic City catches up; MGM confronts Covid; AAA salutes Circa

It took a while but the Boardwalk is finally even with 2019 numbers. July saw a gambling gross of $277 million, flat with two years ago. Slot win was up 6% on 2% more coin-in but tables declined 14% on … Continue reading

Posted in Atlantic City, Bally, Barstool Sports, BetMGM, Caesars Entertainment, California, Derek Stevens, Dining, Downtown, DraftKings, FanDuel, FoxBet, Golden Nugget, Hard Rock International, Health, Internet gambling, Massachusetts, MGM Resorts International, Michigan, Mohegan Sun, New Jersey, Ocean Resort, Penn National, Resort fees, Rush Street Gaming, Sports betting, The Strip, William Hill, Wynn Resorts | 5 Comments

Open season in New York; Ohio, Missouri boom; Scientific baffles

Rather than face (well-deserved) impeachment, New York State Gov. Andrew Cuomo (D) resigned in disgrace today. Which happened to coincide with the disclosure of the companies which have applied to be online sports betting provider(s) for the Empire State. Cuomo’s … Continue reading

Posted in Atlantic City, BetMGM, Boyd Gaming, Caesars Entertainment, DraftKings, FanDuel, Florida, FoxBet, Genting, Golden Gaming, Golden Nugget, Hard Rock International, Horseracing, Internet gambling, Las Vegas Sands, Lotteries, MGM Resorts International, Missouri, New York, Ocean Resort, Ohio, Penn National, Pennsylvania, PointsBet, Politics, Rush Street Gaming, Scientific Games, Seminole Tribe, Sexual misconduct, Slot routes, Sports betting, Wall Street, William Hill, Wynn Resorts | Comments Off on Open season in New York; Ohio, Missouri boom; Scientific baffles

Station hits records, drops hints; Strip suffers mild setback

Station Casinos announced 2Q21 earnings yesterday and “blows through” previous peaks, according to Deutsche Bank analyst Carlo Santarelli. Despite expiration of the management contract at Graton Rancheria, Station recorded record levels of net revenue ($426.5 million) and cash flow ($210 … Continue reading

Posted in Atlantic City, California, Downtown, Economy, Entertainment, Golden Nugget, Hard Rock International, Health, Las Vegas Raiders, M Resort, MGM Resorts International, Ocean Resort, Palms, Reno, Sports, Station Casinos, The Strip, Tourism, Transportation, Tribal, Wall Street | 3 Comments

Atlantic City plays catch-up; Pennsylvania, Michigan flex online muscles

Casinos in Atlantic City are having trouble catching a wave from the Great Reopening. Last month’s brick-and-mortar revenues were $214.5 million, 9% down from 2019. Slot win ($154 million) was 8% lower on 11% less coin-in and luck wasn’t with … Continue reading

Posted in Atlantic City, Bally, Barstool Sports, BetMGM, Caesars Entertainment, Cordish Co., Culinary Union, Derek Stevens, Dining, DraftKings, Economy, FanDuel, FoxBet, Golden Nugget, Greenwood Racing, Hard Rock International, Health, Internet gambling, Japan, Las Vegas Sands, Massachusetts, MGM Resorts International, Michigan, Mohegan Sun, New Jersey, Ocean Resort, Penn National, Pennsylvania, Rush Street Gaming, Sports, Sports betting, Station Casinos, Taxes, The Strip, Wall Street, Westgate LV, William Hill, Wynn Resorts | 2 Comments

Atlantic City casinos rebound; Slow thaw in Massachusetts

Casinos in Atlantic City are finally catching up with the rest of gaming’s recovery. Last month they were only 3% off the 2019 pace. They grossed $213 million, a substantial improvement over April. Slot win was $158 million on 8% … Continue reading

Posted in Atlantic City, Bally, BetMGM, Caesars Entertainment, Cordish Co., Dining, DraftKings, FanDuel, FoxBet, Genting, Golden Nugget, Hard Rock International, Japan, Law enforcement, Massachusetts, MGM Resorts International, Mohegan Sun, North Carolina, Ocean Resort, Penn National, Pennsylvania, PointsBet, Rush Street Gaming, Sports, Sports betting, The Strip, Wynn Resorts | Comments Off on Atlantic City casinos rebound; Slow thaw in Massachusetts

Steve Wynn, international man of mystery

“Foreign agent.” That’s who Steve Wynn is, according to the Justice Department, which is prepared to sue the disgraced casino mogul if he doesn’t register as an aegis of Red China‘s government. Seems that Steve was carrying water for the … Continue reading

Posted in Atlantic City, Caesars Entertainment, California, Canada, Card rooms, Century Casinos, China, Cretins, Detroit, Donald Trump, Economy, Election, Health, Internet gambling, Law enforcement, LVCVA, MGM Resorts International, Missouri, North Carolina, Ocean Resort, Phil Ruffin, PointsBet, Politics, Sheldon Adelson, Sports, Sports betting, Steve Wynn, The Strip, Tourism, Transportation, Tribal, Wisconsin, Wynn Resorts | 4 Comments

MGM dumps Springfield; Gaming recovery a proven fact

MGM Resorts International isn’t quitting Springfield but it’s taking a bath on its eponymous casino in order to reduce its exposure to the (disappointing) market. MGM spent $960 million on the resort, which has never performed up to expectations, and … Continue reading

Posted in AGA, Atlantic City, BetMGM, Caesars Entertainment, Cordish Co., Dining, DraftKings, Economy, Entertainment, FanDuel, Golden Gaming, Hard Rock International, Health, Internet gambling, Massachusetts, MGM Resorts International, Ocean Resort, Pennsylvania, Real Estate, Regulation, Resort fees, South Dakota, Sports, Sports betting, Tennessee, The Strip, Wall Street, Wynn Resorts | 1 Comment

MGM hits paydirt; Palms sold?; Atlantic City underwhelms

Remember the Harmon Hotel? That Sir Norman Foster-designed tower that had to be amputated at half the intended height in 2008 because of incompetent construction? The only Las Vegas resort ever to be dismantled without having hosted a single guest? … Continue reading

Posted in Atlantic City, Boyd Gaming, Caesars Entertainment, Card rooms, Carl Icahn, Charity, Churchill Downs, CityCenter, Cosmopolitan, CQ Holdings, Detroit, Dining, Diversity, DraftKings, Entertainment, Florida, Full House Resorts, Golden Nugget, Hard Rock International, Health, Louisiana, LVCVA, MGM Resorts International, Michigan, Nevada, Ocean Resort, Palms, Penn National, Real Estate, Resort fees, Rush Street Gaming, Seminole Tribe, Sports, Sports betting, Station Casinos, Taxes, The Strip, Tribal, Wall Street, Washington State | 1 Comment

Sands blitzes Texas; Las Vegas “swarming” with tourists; Oscars suck

Starting last week, Las Vegas Sands has been blanketing the Texas airwaves with a barrage of pro-casino ads. Faced with a loss of traction in the Lege, Sands is turning to the court of public opinion. Going in drag as … Continue reading

Posted in Arizona, Atlantic City, Boyd Gaming, Brothels, Caesars Entertainment, China, Cosmopolitan, Derek Stevens, Diversity, Downtown, Economy, Entertainment, Hawaii, Health, Las Vegas Sands, Louisiana, Macau, Movies, Nevada, New York, Ocean Resort, Oklahoma, Pahrump, Politics, Singapore, Texas, The Strip, Tilman Fertitta, Tourism, Tribal | 2 Comments

BetMGM “very credible”; Recovery at Sands “gradual”

That’s how JP Morgan analyst Joseph Greff described an evidently persuasive virtual meeting with BetMGM covering the latter’s recent results and strategic objectives. “To us, this was a credible presentation (particularly with its customer acquisition and retention objectives and operating … Continue reading

Posted in Alabama, Atlantic City, Bally, California, Canada, China, Cosmopolitan, Culinary Union, Dotty's, DraftKings, Economy, FanDuel, Illinois, Internet gambling, Las Vegas Sands, Louisiana, Macau, Marketing, MGM Resorts International, Michigan, Mohegan Sun, Nevada, New Jersey, New York, Ocean Resort, Politics, Regulation, Singapore, Slot routes, Texas, The Strip, Tribal, Wall Street, Wynn Resorts | Comments Off on BetMGM “very credible”; Recovery at Sands “gradual”

Atlantic City disappoints, Internet gambling doesn’t

We’re going to have revise our prediction that Atlantic City would recover from Covid-19 faster than Las Vegas. Not at the rate things are going. March casino win was down 17% from 2019, coming in at $185 million. The Caesars … Continue reading

Posted in Alabama, Arizona, Atlantic City, Bally, Caesars Entertainment, China, DraftKings, FanDuel, Florida, Golden Nugget, Hard Rock International, Health, Internet gambling, Lotteries, MGM Resorts International, Mohegan Sun, New Jersey, New York, Ocean Resort, Pennsylvania, Philippines, Politics, Regulation, Seminole Tribe, Sports, Sports betting, Taxes, The Strip, Tribal, Wall Street, William Hill, Wynn Resorts | 3 Comments

It’s DraftKings’ world, we just live in it; Musk tunnel panned

While Coronavirus and the ensuing shut-ins were very good for DraftKings by virtually every metric, CEO Jason Robins says the fun is just beginning. He told the Boston Globe that the pandemic has ratified his business model, which presumed the … Continue reading

Posted in Alabama, Architecture, Atlantic City, Barstool Sports, Boyd Gaming, Caesars Entertainment, Cordish Co., DFS, Dining, DraftKings, FanDuel, Health, Illinois, Indiana, Internet gambling, Japan, Lotteries, Marketing, Massachusetts, MGM Resorts International, Ocean Resort, Penn National, Pennsylvania, PointsBet, Politics, Racinos, Security, Spectacle Entertainment, Sports, Sports betting, The Strip, Transportation, Wall Street | Comments Off on It’s DraftKings’ world, we just live in it; Musk tunnel panned