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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: Oklahoma
Caesars looking good; Amtrak covets Vegas; Bally’s underwhelms
Joseph Greff and his fellow JP Morgan analysts looked at recent trends in Las Vegas and any place not named Atlantic City, and liked what they saw, raising their price target on the stock five bucks to $101/share. Positive factors … Continue reading
Posted in Atlantic City, Bally, Caesars Entertainment, California, Cosmopolitan, Dining, Economy, Golden Nugget, Harry Reid, Health, Indiana, Marketing, MGM Resorts International, Michigan, Nevada, Oklahoma, Regulation, Reno, Station Casinos, Technology, Texas, The Rio, The Strip, Tourism, Transportation, Tribal, Wall Street, William Hill, World Series of Poker, Wynn Resorts
2 Comments
Demand, prices way up on the Strip; Big casino push in Texas
Emboldened by a combination of new, 50% capacity limits in Nevada and $1,400 stimulus checks, visitors poured into Las Vegas and resorts were quick to profiteer, er, monetize the nascent demand. The Strat more than tripled room rates, from $50/night … Continue reading
Posted in Alabama, Atlantic City, Caesars Entertainment, California, China, Cordish Co., Cosmopolitan, Donald Trump, Economy, Election, Golden Gaming, Harry Reid, Health, history, Las Vegas Sands, Law enforcement, Lotteries, Macau, Marketing, Oklahoma, Pennsylvania, Politics, Racinos, Rush Street Gaming, Sahara, Sheldon Adelson, Sports betting, Taxes, Tennessee, Texas, The Strip, Tourism, Tribal, Virginia, Wynn Resorts
1 Comment
Sports betting impresses in Iowa; Harness racing resumes
Sports betting in Iowa crossed the $100 million threshold in handle last month and that was without some key players like BetMGM, which launched earlier this month. Wagers are expected to vault now that Gov. Kim Reynolds‘ stay on mobile … Continue reading
In case you missed it …
Pennsylvania closed all its casinos Sunday, starting with Rivers Casino Pittsburgh at 12 a.m. The shutdown is to last until Jan 4. The Keystone State joins Michigan (until Dec. 20, probably longer) and Illinois (indefinite). In Nevada, although Covid-19 is … Continue reading
Posted in Boulder Strip, Boyd Gaming, Caesars Entertainment, Connecticut, Conventions, Downtown, FanDuel, Foxwoods, Health, Las Vegas Sands, Lotteries, Louisiana, Marketing, Massachusetts, MGM Resorts International, Michigan, Mohegan Sun, Nevada, Oklahoma, Pennsylvania, Scientific Games, Sports betting, The Strip, Tribal, West Virginia, Wynn Resorts
2 Comments
Macao gets a boost; Sisolak’s October surprise
“Encouraging” isn’t what you usually say about a 75% plunge in revenue. But in Macao, where casino win has been virtually nonexistent this year it’s cause for dancing in the streets. To be pedantic, revenues were down 72.5% but an … Continue reading
Posted in Architecture, Caesars Entertainment, China, Economy, G2E, Hard Rock International, Health, International, Japan, Las Vegas Sands, Macau, Melco Resorts & Entertainment, Nevada, New York, Oklahoma, Real Estate, Regulation, Sheldon Adelson, Taxes, The Strip, Tribal, Wall Street, Wynn Resorts
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Louisiana hard hit; Mohegan Sun, Foxwoods tops in U.S.
Slammed by a double-whammy of hurricanes, Louisiana was accordingly unfortunate in gambling revenue, which plunged 32% to $148.5 million. The only market spared was Baton Rouge (-12%). Lake Charles bore the brunt of Hurricane Laura and the numbers reflected it. … Continue reading
Posted in Arizona, Atlantic City, Boyd Gaming, Caesars Entertainment, Churchill Downs, Cosmopolitan, Derek Stevens, Dining, Donald Trump, Downtown Grand, Election, Foxwoods, Golden Nugget, Hard Rock International, Health, Illinois, Indiana, Las Vegas Raiders, Las Vegas Sands, Louisiana, Marketing, Massachusetts, MGM Resorts International, Mississippi, Mohegan Sun, Ocean Resort, Oklahoma, Penn National, Reno, Sahara, Sheldon Adelson, Slot routes, Sports betting, Station Casinos, Tamares Group, The Strip, Tourism, Transportation, Tribal, Twin River, Wynn Resorts
Comments Off on Louisiana hard hit; Mohegan Sun, Foxwoods tops in U.S.
Macao moots casino closures; Stevens vs. William Hill
Here it comes. Again. The government of Macao is taking a zero-tolerance policy toward Covid-19. Although there hasn’t been a case in four months (good for them), the enclave is floating the idea of shutting down any casino where a … Continue reading
Bad news and more bad news
Strip gaming revenue, ‘meh’ though it was, actually looks good in the context of Las Vegas visitation in July, which plummeted 61%. There hasn’t been a convention since April, which certainly hurts. Air travel was horrible, down 64%, while drive-in … Continue reading
Caesars postpones casino sale; D.C. sports betting bombs
One Caesars Entertainment casino of many on the Las Vegas Strip remains theoretically for sale … but put your checkbooks away for the time being. While new CEO Tom Reeg has to make good on his promise to realize hundreds … Continue reading
Devil in the details
Gaming & Leisure Properties Inc. held a conference call with stock analysts and it revealed more about Caesars Entertainment and, to a lesser extent, Penn National Gaming than the companies themselves were saying. Rents and income were described as “better … Continue reading
It’s Coronavirus’ world, we just live in it
Some days it just doesn’t pay to be Oklahoma Gov. Kevin Stitt (R). He’s lost authority over the eastern half of the Sooner State. How? The U.S. Supreme Court—hardly a hotbed of bleeding-heart liberals—ruled that historical claims by the Muscogee … Continue reading
Posted in Arizona, Baseball, Caesars Entertainment, Economy, Election, Health, Internet gambling, Iowa, Marketing, Nebraska, Nevada, North Carolina, Oklahoma, Politics, Racinos, South Carolina, Sports betting, Taxes, Tribal
Comments Off on It’s Coronavirus’ world, we just live in it
Chicago compromise effected
Windy City Mayor Lori Lightfoot (D) may have won a battle but is still losing the war. The Illinois Lege has passed—and Gov. J.B. Pritzker (D) has signed—a ‘relaxation of Chicago‘s 72% casino tax, a burden so onerous it would … Continue reading
Posted in Boulder Strip, Caesars Entertainment, California, Environment, Greenwood Racing, Health, Illinois, Internet gambling, MGM Resorts International, Michigan, North Las Vegas, Oklahoma, Politics, Sports betting, Station Casinos, Taxes, The Strip, Tribal
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Wynn reinvents the buffet; Cash out, digital in?
We seem to have been overfearful in predicting the demise of the Las Vegas buffet. Wynncore‘s reopens on Thursday, making it the first to do so. But it won’t be the same old same-old. Yes, there will be 90 selections and, … Continue reading
“Green shoots” in gaming; Mega-Jottings
According to the American Gaming Association, 82 of 989 casinos in the United States have reopened, many of them in Louisiana starting today. But don’t take our word for it. Use the AGA’s Coronavirus tracker, which keeps you abreast of casino … Continue reading
Posted in AGA, Alabama, Arizona, Arkansas, Atlantic City, Boyd Gaming, Caesars Entertainment, California, Conventions, Detroit, Dining, GLPI, Golden Nugget, Health, Illinois, Iowa, Louisiana, LVCVA, M Resort, Macau, Marketing, MGM Resorts International, Michigan, Mississippi, Missouri, Ohio, Oklahoma, Penn National, Politics, Resort fees, Singapore, South Dakota, Sports, Sports betting, Station Casinos, Taxes, The Strip, Tribal, Wynn Resorts
1 Comment
New York state of mind; Moody blues for Las Vegas
Like Massachusetts casinos, those in New York are not expected to reopen until July. Lago Resort & Casino General Manager Lance Young told journalist James Rutherford he’s monitoring reopening protocols as far away as Macao but has received no concrete … Continue reading
Posted in Economy, Health, Horseracing, Internet gambling, Lotteries, Maryland, MGM Resorts International, Michael Gaughan, Nevada, New York, Oklahoma, Penn National, Regulation, Rush Street Gaming, Sports, Sports betting, Taxes, Tribal, Wall Street
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Rescue for small casinos; Stitt makes a deal (or two)
If at first you don’t succeed, Bill Miller, try, try again. Persistence for the American Gaming Association prexy paid off with a new set of Small Business Administration rules for Paycheck Protection Program loans that include all business that receive … Continue reading
Posted in AGA, Cantor Gaming, Economy, Las Vegas Sands, Lotteries, Mattress Mack, Oklahoma, Pets, Sports, Sports betting, Texas, The Strip, Tilman Fertitta, Tourism, Transportation, Tribal
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Boyd opens its wallet, stringency at Scientific, improvidence at MGM
Boyd Gaming, which had previously been reported to be giving two weeks pay (misreported as one week by the Las Vegas Review-Journal) to employees idled in Las Vegas by the one-month casino shutdown, has gotten “george” and extended the hardship pay … Continue reading
Posted in Arizona, Boyd Gaming, Caesars Entertainment, China, Churchill Downs, Economy, Health, Illinois, Japan, Jim Murren, Kentucky, Las Vegas Sands, Macau, MGM Resorts International, Neil Bluhm, Nevada, New York, Oklahoma, Scientific Games, Sheldon Adelson, Tribal, Wall Street, Wynn Resorts
2 Comments
Casinos in survival mode; Sports betting in Cali in peril
After this week’s stimulus vote in the U.S. Congress, the casino industry would seem to have ducked a bullet. But, depending on how much financial aid it can draw down, the question lingers over whether any operators will have to file … Continue reading
Posted in Boyd Gaming, Caesars Entertainment, California, Charity, Colorado, Economy, Election, Foxwoods, Full House Resorts, Golden Gaming, Health, Horseracing, Indiana, International, Internet gambling, Las Vegas Sands, Louisiana, MGM Resorts International, Mohegan Sun, Nevada, Oklahoma, Penn National, Problem gambling, Regulation, Sports betting, Station Casinos, Tourism, Transportation, Tribal, Wall Street, Wynn Resorts
1 Comment
