Category Archives: Ohio

This just in: Cotai hot, Macao not; Seminoles thrash Gilbert

Posted on August 15, 2017 by David McKee

In today’s dog-bites-man story, a Wall Street analyst has belatedly concluded the obvious: that the casinos on Cotai will sap business from Macao proper. Global Market Advisors analyst Andrew Klebanow wrote, “What the industry can expect to see is a pattern … Continue reading →

Posted in Alabama, Atlantic City, Australia, Dan Gilbert, Georgia, Internet gambling, Macau, MGM Mirage, Ohio, Politics, Racinos, Seminole Tribe, Sheldon Adelson, Sociedade de Jogos de Macau, Stanley Ho, Steve Wynn, The Strip, Tilman Fertitta, Tourism, Wall Street | Comments Off

Station’s “weakness” a strength; Ohio bucks the odds

Posted on August 9, 2017 by David McKee

Looking back at Station Casinos’ 2Q17 results, Deutsche Bank analyst Carlo Santarelli noted that the picture was clouded by construction activity at Palace Station and the Palms. But, while short-term investors would likely have their patience tested, he wrote, “we think long … Continue reading →

Posted in Ameristar, Boyd Gaming, Dan Gilbert, Dan Lee, Economy, Eldorado Resorts, Full House Resorts, GLPI, Hard Rock International, Harrah's, Indiana, Majestic Star, Ohio, Penn National, Pinnacle Entertainment, Racinos, Station Casinos, Tropicana Entertainment, Wall Street | Comments Off

Macao takes the long view; Skill-based slots bomb in Europe

Posted on July 12, 2017 by David McKee

Macao gaming operators are off the hot seat as it appears increasingly inevitable that their casino concessions will be renewed rather than re-bid or nationalized. However, that may come at a price — literally. The casino magnates aren’t completely out … Continue reading →

Posted in Boyd Gaming, Dan Gilbert, Foxwoods, Harrah's, Indiana, International, Macau, MGM Mirage, Ohio, Politics, Regulation, Taxes, Technology | Comments Off

Good news across the Midwest; Pennsylvania blows it (again)

Posted on July 10, 2017 by David McKee

An extra weekend day may have made all the difference for Illinois, where gross gaming revenues rose 2% last month. The good news was spread pretty evenly throughout the market, except at Jumer’s Casino Rock Island, which slipped 6%, to … Continue reading →

Posted in Affinity Gaming, Ameristar, Boyd Gaming, Dan Gilbert, Dan Lee, Eldorado Resorts, Full House Resorts, GLPI, Harrah's, Illinois, Indiana, Internet gambling, Isle of Capri, Majestic Star, MGM Mirage, Missouri, Neil Bluhm, Ohio, Penn National, Pennsylvania, Pinnacle Entertainment, Politics, Racinos, Tropicana Entertainment | Comments Off

Adelson fights for dirty power; Hard Rock on the move

Posted on June 15, 2017 by David McKee

Fossil fuel-loving fossil Sheldon Adelson is putting heavy pressure on Nevada Gov. Brian Sandoval (R) to veto a bill that would increase the production of renewable energy in the Silver State. And when Adelson says “Jump!”, Sandoval asks “How high?” … Continue reading →

Posted in Environment, Florida, Hard Rock International, International, Internet gambling, MGM Mirage, Ohio, Politics, Regulation, Sheldon Adelson, Taxes | Comments Off

Pennsylvania bill gives some, takes more; MGM discloses new plans

Posted on June 8, 2017 by David McKee

Pennsylvania‘s House of Representatives has passed a gambling-expansion bill that gives with one hand but takes away more with the other. The bill, which still must pass the state Senate would: legalize DFS, pending a 19% tax and $50,000 licensing … Continue reading →

Posted in CityCenter, Dan Gilbert, GLPI, Hard Rock International, Internet gambling, Macau, MGM Mirage, Ohio, Penn National, Pennsylvania, Pinnacle Entertainment, Politics, Slot routes, Taxes, Wall Street | 1 Comment

No casino is an Isle-and; Florida fails again

Posted on May 4, 2017 by David McKee

Eldorado Resorts took another big step toward gaming’s major leagues with its acquisition of Isle of Capri Casinos, a deal that closed earlier this week. The purchase gives Eldorado 12 more casinos, including a presence in the important Lake Charles … Continue reading →

Posted in Dan Gilbert, Eldorado Resorts, Florida, GLPI, Hard Rock International, history, Internet gambling, Isle of Capri, Japan, Louisiana, Ohio, Penn National, Pennsylvania, Politics, Reno, Seminole Tribe, Technology | Comments Off

REITs meet the Street; Martinez wins in New Mexico

Posted on April 28, 2017 by David McKee

REITs Gaming & Leisure Properties and MGM Growth Properties both checked in with Wall Street yesterday, and further acquisitions were on the mind of both. In the case of MGM, its next target of opportunity is MGM National Harbor (“on … Continue reading →

Posted in Donald Trump, Economy, GLPI, Harrah's, MGM Mirage, Mississippi, Ohio, Penn National, Pennsylvania, Sheldon Adelson, Sports, The Strip, Tribal, Wall Street | Comments Off

Saturation in Ohio; Japan: Go big or go home

Posted on April 17, 2017 by David McKee

Ohio Gov. John Kasich (R) leveled the playing field when he allowed third-party racinos to join the juiced-in Penn National Gaming and Caesars Entertainment casinos in the Buckeye State. The question now is how level a playing field is a … Continue reading →

Posted in Detroit, Economy, Genting, GLPI, Hard Rock International, Harrah's, International, Internet gambling, Iowa, Japan, New York, Ohio, Penn National, Pennsylvania, Pinnacle Entertainment, Technology, Wall Street | Comments Off

Warm spring in the Midwest; Vegas Vic gets political

Posted on April 10, 2017 by David McKee

Don’t believe anyone who says the economy is bad: Casino takings are up all across the Midwest. The biggest gain was in Ohio, where casino win rose 7%, even though players continue to blow off Jack Cleveland ($18 million, -8%). … Continue reading →

Posted in Affinity Gaming, Ameristar, Animals, Archon Corp., Boyd Gaming, California, Dan Gilbert, Downtown, Eldorado Resorts, Full House Resorts, Harrah's, Indiana, Isle of Capri, Law enforcement, Majestic Star, Missouri, Ohio, Penn National, Pinnacle Entertainment, PokerStars, Politics, Racinos, Tropicana Entertainment, Wayne F. Newton | Comments Off

Penn gets bigger; Cool February in Nevada

Posted on March 28, 2017 by David McKee

Not many casino companies would double down on the Tunica market, let alone triple down. However, Penn National Gaming has an appetite for risk plus a track record of taking distressed properties and turning them around. So, in addition to … Continue reading →

Posted in Boulder Strip, Colony Capital, Downtown, Harrah's, Lake Tahoe, Laughlin, Maryland, Mesquite, Mississippi, Nevada, Ohio, Penn National, Reno, The Strip, Wall Street | Comments Off

Gaming up nationally — but Louisiana gets hammered

Posted on March 20, 2017 by David McKee

America‘s casino industry had a winning month in January, up 3.5% to $3.4 billion. Even Illinois, which has never recovered from the smoking ban, was in the top four, behind Nevada (naturally), Pennsylvania and Louisiana. The only serious loser was … Continue reading →

Posted in Affinity Gaming, Atlantic City, Boyd Gaming, Churchill Downs, Economy, Eldorado Resorts, GLPI, Harrah's, Illinois, Internet gambling, Isle of Capri, Louisiana, Marketing, Maryland, Ohio, Pennsylvania, Pinnacle Entertainment, Sheldon Adelson, Taxes, Tilman Fertitta, Tropicana Entertainment, West Virginia | Comments Off

AGA backs Obamacare; “Messy” quarter for Station

Posted on March 8, 2017 by David McKee

OK, the headline is an oversimplification (as headlines tend to be) but the American Gaming Association found itself in disagreement with congressional Republicans after their overhaul of the Affordable Care Act was found to leave mental-health and substance-use-disorder services out in the … Continue reading →

Posted in Dan Gilbert, Economy, Eldorado Resorts, Geoff Freeman, GLPI, Hard Rock International, Lucky Dragon, Marketing, Ohio, Palms, Penn National, Pinnacle Entertainment, Politics, Problem gambling, Reno, Station Casinos, Wall Street | Comments Off

A slight chill in the air

Posted on January 10, 2017 by David McKee

Even allowing for additional weekend in 2016, gaming results last month were a tad frosty, shall we say? The best market was Missouri, which was merely flat. That was largely due to strength in the St. Louis area, where Pinnacle … Continue reading →

Posted in Affinity Gaming, Ameristar, Boyd Gaming, Economy, Eldorado Resorts, Full House Resorts, GLPI, Harrah's, Indiana, Isle of Capri, Majestic Star, Missouri, Nevada, Ohio, Penn National, Pinnacle Entertainment, Racinos, Tourism, Tropicana Entertainment | Comments Off

Racinos lap casinos in Ohio; “Golden Knights” kiboshed

Posted on December 9, 2016 by David McKee

Ohio‘s four main casinos performed weakly last month, with Dan Gilbert‘s Jack Cleveland ($16 million, -4%) and Jack Cincinnati ($15 million, -7%) still not validating their new brand. Ironically, the once-superfluous Thistledown Racino is saving Jack’s bacon, up 13% to … Continue reading →

Posted in Arizona, Atlantic City, Boyd Gaming, Cordish Co., Dan Gilbert, Economy, Eldorado Resorts, Florida, GLPI, Hard Rock International, Harrah's, Japan, Maryland, MGM Mirage, Nevada, New York, Ohio, Penn National, Politics, Racinos, Seminole Tribe, Sports, Taxes | Comments Off

Trump Taj saves Atlantic City; Barrack resurfaces; Visiting Memory Lane

Posted on November 17, 2016 by David McKee

When we rounded up Atlantic City gaming numbers yesterday, we didn’t get into market-adjusted comparisons and thus buried the lead. The Boardwalk’s surviving casinos saw, on average, a 6% increase in gaming revenue, thanks to the Oct. 10 closing of … Continue reading →

Posted in Arizona, Atlantic City, Carl Icahn, Cirque du Soleil, Colony Capital, Donald Trump, Economy, Entertainment, Genting, history, Internet gambling, Japan, Law enforcement, Louisiana, Macau, Maryland, Mississippi, Ohio, PokerStars, Regulation, Revel, Sahara, Sheldon Adelson, Sports, Steve Wynn, Taxes, The Strip, West Virginia, Wisconsin | 1 Comment

Jacked around in Ohio; Wrong about Trump

Posted on November 8, 2016 by David McKee

At this point, we don’t know jack about Dan Gilbert‘s new “Jack” casino brand. In September, it appeared to be gaining traction with players. Then the bottom fell out. Jack Cleveland‘s $15 million take was a 14% fall while Jack … Continue reading →

Posted in Dan Gilbert, Donald Trump, Eldorado Resorts, Election, GLPI, Hard Rock International, Internet gambling, Marketing, Ohio, Palms, Penn National, Pinnacle Entertainment, Racinos, Reno, Sheldon Adelson, Station Casinos, Tribal, Wall Street | Comments Off

Hollywood Jamul: Penn bombs in California

Posted on October 14, 2016 by David McKee

An S&G reader suggested that, given the sudden dropoff in traffic to Hollywood Casino Jamul, we have a look at customer reviews on Yelp. We did and, boy, has Penn National Gaming laid an egg — the more so for … Continue reading →

Posted in California, Massachusetts, Ohio, Penn National, Tribal | 4 Comments

Ohio: Gilbert to have the last laugh?

Posted on October 7, 2016 by David McKee

It looks like Dan Gilbert is gaining traction with his “Jack” brand (soon to be slathered over Greektown Casino in Gilbert’s native Detroit). Although Jack Cincinnati was flat ($15 million), its counterparts in Cleveland ($17 million) and at ThistleDown Racino … Continue reading →

Posted in Dan Gilbert, Detroit, Eldorado Resorts, Marketing, Ohio, Penn National, Pinnacle Entertainment, Racinos | 1 Comment

Penn: The wait is over; Scientific strikes again

Posted on October 5, 2016 by David McKee

On Oct. 10, the same day that Trump Taj Mahal is scheduled to close, Penn National Gaming will open the long-deferred Hollywood Casino Jamul (federal approvals had been holding it up). In celebration, Penn is announcing that relief of the … Continue reading →

Posted in Boulder Strip, California, Downtown, Georgia, Minnesota, Ohio, Penn National, Pennsylvania, Pinnacle Entertainment, Scientific Games, Tribal, Wall Street | Comments Off