Category Archives: Ocean Resort

Sports wagering, ‘Net bets power New Jersey; Slow month in Pennsylvania

Posted on July 15, 2019 by David McKee

Despite being 7% down on a same-store basis, Atlantic City casino revenues grew 14% last month. The $236 million gross represents a 3.5% downturn in slot winnings (down 8.5% same-store) but a 26% jump at the tables (down 3.5% same-store). … Continue reading →

Posted in Atlantic City, Boyd Gaming, Caesars Entertainment, Eldorado Resorts, Greenwood Racing, Hard Rock International, Internet gambling, MGM Resorts International, Mohegan Sun, Movies, Ocean Resort, Penn National, Pennsylvania, Rush Street Gaming, Sports, Sports betting, The Strip, Tilman Fertitta, Tribal | 1 Comment

Case Bets

Posted on July 11, 2019 by David McKee

Although we’ve learned to take Moulin Rouge revival projects with a shakerful of salt, the latest round of interest is drawing some serious players, such as the Southern Nevada Regional Housing Authority. Its piquant plan would mix affordable housing, dining and—yes—a … Continue reading →

Posted in AGA, Atlantic City, Caesars Entertainment, Eldorado Resorts, Japan, Moulin Rouge, Ocean Resort, Oklahoma, Sports betting, Tribal, Wall Street | 1 Comment

Eldorado backpedals; Casinos for Nebraska in 2020?

Posted on July 3, 2019 by David McKee

While the consummation of the Eldorado Resorts/Caesars Entertainment marriage has yet to occur, already Eldorado CEO Tom Reeg is walking back some of his prenuptial promises. “I think that there’s more Strip exposure than we would need to accomplish our goals … Continue reading →

Posted in Atlantic City, Caesars Entertainment, Carl Icahn, Dining, Eldorado Resorts, Election, Florida, Hard Rock International, Iowa, Japan, Macau, Missouri, Nebraska, Ocean Resort, Planet Hollywood, Seminole Tribe, The Strip, Wall Street | 2 Comments

Big month for Hard Rock Atlantic City; Sunset Station unionizes

Posted on June 14, 2019 by David McKee

Atlantic City‘s two heaviest hitters had a not-so-merry month of May. Borgata fell 15%, to $52 million, and Tropicana Atlantic City tumbled 18%, landing at $25 million and ceding second place for the first time to Hard Rock Atlantic City … Continue reading →

Posted in Atlantic City, Boyd Gaming, Caesars Entertainment, Churchill Downs, Culinary Union, Detroit, Eldorado Resorts, Greenwood Racing, Hard Rock International, MGM Resorts International, Mohegan Sun, New Jersey, Ocean Resort, Penn National, Pennsylvania, Rush Street Gaming, Sports betting, Station Casinos, Tribal | 1 Comment

Wire Act reversal reversed; China scare for Las Vegas

Posted on June 10, 2019 by David McKee

A federal judge dealt a major defeat to the Justice Department in its efforts to reinterpret the Federal Wire Act as a ban on Internet gambling. Nope, only sports betting ruled Judge Paul Barbadoro. The ruling is a boon to … Continue reading →

Posted in Atlantic City, Caesars Entertainment, Economy, Eldorado Resorts, Entertainment, Florida, Hard Rock International, Indiana, International, Internet gambling, Law enforcement, Lotteries, Marketing, Mohegan Sun, Ocean Resort, Palms, Pennsylvania, Regulation, Seminole Tribe, Sheldon Adelson, Singapore, Sports betting, Station Casinos, Tourism, Tribal, Unite-Here, Wall Street, World Series of Poker | Comments Off on Wire Act reversal reversed; China scare for Las Vegas

Anxiety over Japan; Profit squeeze in Atlantic City

Posted on May 28, 2019 by David McKee

Think Japan‘s going to have casinos open in time for the 2025 World Expo? Think again. Shinzo Abe‘s ruling Liberal Democratic Party is postponing the regulations governing casino bidding until after next year’s elections. That’s bad news for Osaka, in particular, … Continue reading →

Posted in Atlantic City, Caesars Entertainment, Economy, Eldorado Resorts, Hard Rock International, Internet gambling, Japan, Las Vegas Sands, Melco Resorts & Entertainment, MGM Resorts International, Mohegan Sun, North Carolina, Ocean Resort, Politics, Sports betting, Tribal, Wall Street | 1 Comment

Rough April for Atlantic City; Britney to jilt MGM?

Posted on May 15, 2019 by David McKee

As always, Atlantic City proves to be a good-news/bad-news story. Gaming revenue there was up 8.5% higher last month but the love had to be spread thin, as same-store revenues fell 12%. Casinos grossed $207.5 million with slots up 6% … Continue reading →

Posted in Atlantic City, Baseball, Boyd Gaming, Caesars Entertainment, Churchill Downs, Dan Gilbert, Detroit, Eldorado Resorts, Entertainment, Greenwood Racing, Hard Rock International, Internet gambling, MGM Resorts International, Mohegan Sun, New Jersey, Ocean Resort, Penn National, Pennsylvania, Racinos, Rush Street Gaming, Sports, Sports betting, The Strip, Tilman Fertitta | 2 Comments

Boffo month for New Jersey, Detroit

Posted on April 15, 2019 by David McKee

Atlantic City casinos sprang through March with a 16% revenue boost (albeit 5% cannibalization of last year’s grosses), booking $223 million, including a 18.5% surge in slot win while table games were up 9% (albeit down 13% on a same-store … Continue reading →

Posted in Atlantic City, Boyd Gaming, Caesars Entertainment, Churchill Downs, Dan Gilbert, Detroit, Eldorado Resorts, Greenwood Racing, Hard Rock International, Internet gambling, Las Vegas Sands, MGM Resorts International, Mohegan Sun, New Jersey, Ocean Resort, Penn National, Pennsylvania, Racinos, Rush Street Gaming, Sports, Sports betting, Tilman Fertitta | 2 Comments

Rosenstein rebutted; Kiddie slots in U.K.

Posted on April 15, 2019 by David McKee

Deputy Attorney General Rod Rosenstein received a smackdown from a federal court. Judge Paul Barbadoro ruled that not only had Rosenstein failed to convince him that New Hampshire‘s online lottery wasn’t covered under the new interpretation of the Federal Wire … Continue reading →

Posted in Atlantic City, Bruce Deifik, Dining, e-sports, Georgia, Glenn Straub, International, Internet gambling, Marketing, MGM Resorts International, New Hampshire, New Jersey, Ocean Resort, Problem gambling, Puerto Rico, Regulation, Sheldon Adelson, Sports betting, Taxes, Texas | Comments Off on Rosenstein rebutted; Kiddie slots in U.K.

The Legend of Ted’s Treasure; Slot routes in Missouri?

Posted on April 12, 2019 by David McKee

Ted Binion is long since dead and buried. So, legend has it, is his treasure. Binion’s corpse wasn’t even cold before sleazy Rick Tabish was caught digging up the casino heir’s silver vault in scenic Pahrump (a sheriff’s deputy discovered … Continue reading →

Posted in Atlantic City, Boyd Gaming, Cretins, history, Marketing, Missouri, North Carolina, Ocean Resort, Pahrump, Penn National, Politics, Slot routes, Sports betting, Tribal | Comments Off on The Legend of Ted’s Treasure; Slot routes in Missouri?

Free-market forces in Atlantic City; Wire Act flip-flop

Posted on April 10, 2019 by David McKee

As one might anticipate in a highly competitive free market, the upsized Atlantic City casino industry saw 15% less cash flow last year. This is only to be expected with the addition of Hard Rock Atlantic City and Ocean Resort. Far … Continue reading →

Posted in Dining, Eldorado Resorts, Election, Florida, Hard Rock International, history, International, Internet gambling, MGM Resorts International, Mohegan Sun, Nevada, New Hampshire, Ocean Resort, Politics, Regulation, Seminole Tribe, Tilman Fertitta, TV | 1 Comment

Heavy action prophesied for March Madness; Death at Bellagio

Posted on March 19, 2019 by David McKee

“Unlike any other sporting event in the country, March Madness attracts millions who fill out brackets, make casual bets with friends or wager at a legal sports book, which Americans can now do more than ever before.” With those words … Continue reading →

Posted in AGA, Atlantic City, Caesars Entertainment, Current, Dining, Downtown, Entertainment, history, Internet gambling, Law enforcement, MGM Resorts International, Nevada, New Jersey, Ocean Resort, Palms, Security, Sports, Sports betting, Station Casinos, Tourism | 1 Comment

Atlantic City rallies, Pennsylvania snoozes

Posted on March 14, 2019 by David McKee

Given that a certain amount of cannibalization was inevitable with the debuts of two new casinos on the Boardwalk, a 5% February decline in same-store gambling revenue has to considered a pretty good result. The market overall was up a … Continue reading →

Posted in Atlantic City, Boyd Gaming, Caesars Entertainment, Churchill Downs, Dan Gilbert, Detroit, Eldorado Resorts, Genting, Greenwood Racing, Hard Rock International, Las Vegas Sands, MGM Resorts International, Mohegan Sun, Ocean Resort, Penn National, Pennsylvania, Racinos, Rush Street Gaming, Sports betting, Tilman Fertitta, William Hill | 4 Comments

Stevens’ acumen questioned; Deejay era on downturn

Posted on March 7, 2019 by David McKee

A report has surfaced questioning the financial viability of $800 million Circa (written back when it was still 18 Fremont). In what seems like a preliminary shot fired across Derek Stevens‘ bow by Unite-Here, it asserts ” the project is … Continue reading →

Posted in Atlantic City, Boyd Gaming, Culinary Union, Derek Stevens, Downtown, Economy, Entertainment, Environment, Hard Rock International, MGM Mirage, Ocean Resort, The Strip, Unite-Here, Wall Street | 3 Comments

MGM, Eldorado, Churchill Downs looking up

Posted on February 28, 2019 by David McKee

Credit Suisse‘s Cameron McKnight flew out to San Francisco to meet with MGM Resorts International CEO Jim Murren. The biggest headline item would be the eccentricity of Murren choosing to meet in Frisco rather than at MGM HQ in Las … Continue reading →

Posted in Architecture, Atlantic City, Caesars Entertainment, Churchill Downs, DFS, Eldorado Resorts, history, Horseracing, Illinois, Internet gambling, Louisiana, Marketing, Maryland, Massachusetts, MGM Resorts International, MTR Gaming, Neil Bluhm, Ocean Resort, Resort fees, Rush Street Gaming, The Strip, Wall Street | 1 Comment

Sands: Buy Japanese; Gambling to come to Utah?

Posted on February 25, 2019 by David McKee

“It will be highly competitive, but I think the cards are stacked in the favor of those who are prepared, who have been working hard, who will have the best program, best strategy, the best understanding of the country, of … Continue reading →

Posted in Atlantic City, DFS, Horseracing, Internet gambling, Japan, Kentucky, Las Vegas Sands, MGM Resorts International, Ocean Resort, PokerStars, Politics, Sheldon Adelson, Sports, Sports betting | Comments Off on Sands: Buy Japanese; Gambling to come to Utah?