Category Archives: Penn National

MGM rebounds; Harvey victims have mystery casino benefactor

Posted on November 10, 2017 by David McKee

Commercials practically begging people to patronize the Las Vegas Strip after the Mandalay Bay massacre turn out to have been needless. The company most affected, MGM Resorts International, reports that hotel bookings are “almost back to normal.” “I’m happy to … Continue reading →

Posted in Baseball, Charity, Cordish Co., Cosmopolitan, Galaxy Entertainment, Greenwood Racing, Harrah's, Macau, Mandalay Bay Massacre, MGM Mirage, Neil Bluhm, Penn National, Pennsylvania, Politics, Steve Wynn, Texas, The Strip, Wall Street | Comments Off

Ohio defies the calendar; Pennsylvania vote pricks Adelson’s balloon

Posted on November 8, 2017 by David McKee

Ohio gaming revenues powered up 5.5% last month despite a supposedly “unfavorable” calendar (one less weekend day). Except for a flat outcome at Thistledown Racino ($9.5 million), everyone was revenue positive for the month. Even Jack Cleveland snapped out of … Continue reading →

Posted in Dan Gilbert, Eldorado Resorts, Genting, Hard Rock International, Internet gambling, Japan, Ohio, Penn National, Pennsylvania, Pinnacle Entertainment, Politics, Racinos, Sheldon Adelson, Singapore, South Korea, Tourism | Comments Off

MGM: The lion roars; Station doubles down

Posted on November 8, 2017 by David McKee

MGM Resorts International, so long in the headlines due to bad news, made some good news this week. In the third quarter room revenues were up 4% along the Las Vegas Strip and table game hold was substantially higher, both … Continue reading →

Posted in Atlantic City, Election, IGT, Macau, Mandalay Bay Massacre, MGM Mirage, Palms, Penn National, Pennsylvania, Pinnacle Entertainment, Station Casinos, The Strip, Wall Street | 3 Comments

National Harbor rules; #VegasAmnesia anyone?

Posted on November 7, 2017 by David McKee

Last week I was saying that anyone who thinks the Washington, D.C.-Baltimore corridor can absorb another casino doesn’t have their head screwed on right. Well, the latest numbers are in and S&G feels more validated than ever. Maryland Live ($46 … Continue reading →

Posted in Boyd Gaming, Colorado, Cordish Co., GLPI, Harrah's, Louisiana, Mandalay Bay Massacre, Maryland, MGM Mirage, Neil Bluhm, Penn National, Pennsylvania, Pinnacle Entertainment, Slot routes, Tourism, Wall Street, West Virginia | 1 Comment

Steve Wynn, showman; Caesars, de Laurentiis extend relationship

Posted on October 31, 2017 by David McKee

King Kong isn’t gone from Wynn Paradise Park. He’s been downsized from a massive animatronic to a float on the lake. (Somebody obviously told Steve Wynn the cautionary tale of ‘Disco Yeti‘ at Disney’s Animal Kingdom.) He’ll be joined there … Continue reading →

Posted in California, Dining, Entertainment, Harrah's, Maryland, Penn National, Regulation, Security, Steve Wynn, The Strip, Tribal, Wisconsin | 1 Comment

“A gambling state without parallel”

Posted on October 30, 2017 by David McKee

It’s up to Pennsylvania Gov. Tom Wolf (D) now. [Update: Wolf got off the fence with uncharacteristic alacrity and signed the bill.) The state House has passed the most sweeping expansion of gambling S&G has ever seen. It includes Internet … Continue reading →

Posted in Eldorado Resorts, Harrah's, Internet gambling, Penn National, Pennsylvania, Politics, Slot routes, Sports, Taxes | Comments Off

Major casino expansion mooted for Pennsylvania; Big wins for Florida, Wisconsin tribes

Posted on October 27, 2017 by David McKee

Gaming expansion is creeping forward in Pennsylvania. The state Senate has passed and sent to the House a bill that would add 10 satellite casinos to the Keystone State. Eldorado Resorts‘ Presque Isle Downs would be juiced in for one … Continue reading →

Posted in Architecture, Eldorado Resorts, Florida, Hard Rock International, Internet gambling, Penn National, Pennsylvania, Politics, Reno, Seminole Tribe, Slot routes, Station Casinos, Taxes, Tribal, Wisconsin | Comments Off

Penn shows Trop little love; Big plans at Caesars

Posted on October 26, 2017 by David McKee

Penn National Gaming‘s quarterly report was about what you’d expect: strength in Ohio, weakness in West Virginia, and negative impacts from Hurricane Nate and the Mandalay Bay massacre. Also, Penn is looking toward the Canada market for expansion. As Deutsche … Continue reading →

Posted in Harrah's, International, Japan, Mandalay Bay Massacre, Marketing, Mohegan Sun, Ohio, Penn National, Planet Hollywood, Regulation, South Korea, Technology, The Strip, Wall Street, West Virginia | Comments Off

Resorts World a ‘go’; House of Blues a ‘drag’

Posted on October 19, 2017 by David McKee

With a great sigh of relief, we note that Resorts World Las Vegas has gone from being just a logo and some nifty renderings to becoming a living, breathing construction project (video here). Genting Group has hired a construction manager and … Continue reading →

Posted in Architecture, Entertainment, Genting, Harrah's, Marketing, MGM Mirage, Penn National, Station Casinos, Technology, The Strip, Vdara Death Ray, Westgate LV | Comments Off

Culinary clashes with Fertittas (again), girds for Caesars labor talks

Posted on October 16, 2017 by David McKee

Always keeping the pressure on Station Casinos, longtime adversary the Culinary Union has rolled out a new Web site, FertittaMoneyWatch.org. Although its principal mission is to keep tabs on a nascent investment fund, Fertitta Capital, the site also promotes the … Continue reading →

Posted in Atlantic City, Colony Capital, Culinary Union, Hard Rock International, Harrah's, Japan, Mandalay Bay Massacre, Massachusetts, MGM Mirage, Penn National, Rhode Island, Sheldon Adelson, Station Casinos, The Strip, Wall Street | Comments Off

Ex-cons working casino floors?; Kansas casinos set record

Posted on October 13, 2017 by David McKee

You’d think casinos in Massachusetts, where job applicants far outnumber available positions, could get by without hiring convicted criminals. Think again. A bill before the Lege would open a loophole for people with criminal records to hold down jobs in … Continue reading →

Posted in Boyd Gaming, G2E, GameCO, Harrah's, IGT, International, Kansas, Lawrence Ho, Massachusetts, Melco Crown Entertainment, MGM Mirage, Penn National, Politics, Regulation, Steve Wynn, Technology, Tribal | Comments Off

Case Bets: Ohio and Indiana

Posted on October 11, 2017 by David McKee

Penn National Gaming had a bonny September in Ohio, up 11% across its four properties. Hollywood Toledo ($16 million) rose 10.5%, Hollywood Columbus ($18 million) gained 9%, Hollywood Dayton ($8 million) was up 12% and Hollywood Mahoning Valley (pictured, $9 million) … Continue reading →

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

Penn, Pinnacle to merge?

Posted on October 6, 2017 by David McKee

Writes Deutsche Bank analyst Carlo Santarelli, “according to people familiar with the matter, Penn National has conducted on again off again discussions to acquire Pinnacle Entertainment.” He warns that “a long list of questions, which may or may not make a … Continue reading →

Posted in Ameristar, GLPI, Golden Gaming, Harrah's, Maryland, MGM Mirage, Mississippi, Missouri, Ohio, Penn National, Pennsylvania, Pinnacle Entertainment, Regulation, Wall Street, West Virginia | 2 Comments

Cuomo’s overreach; Penn punts on Trop upgrade

Posted on October 5, 2017 by David McKee

Genting needs to get worried, very worried about over budgeted Resorts World Catskills. New casinos promoted in upstate New York by Gov. Andrew Cuomo (D) are grossly underperforming. The three already in operation need an incredible 4Q17 to make good on … Continue reading →

Posted in Boyd Gaming, California, Dining, Economy, Genting, Mandalay Bay Massacre, Neil Bluhm, New York, Penn National, Racinos, Taxes, The Strip, Tourism, Tribal, Wall Street | Comments Off

F-blew: Here we go again; Trop makes Hoosier history

Posted on September 19, 2017 by David McKee

Steven Witkoff hasn’t closed on the Fontainebleau sale yet, never mind receiving a gaming license, and he’s already being cast as the savior of the Las Vegas Strip. However, there are some dark clouds on Fontainebleau’s horizon. Despite the $1.3 … Continue reading →

Posted in Carl Icahn, Eldorado Resorts, Fontainebleau, Genting, history, Indiana, Internet gambling, LVCVA, Marketing, Massachusetts, Penn National, Pennsylvania, Regulation, Reno, Steven Witkoff, The Strip, Tropicana Entertainment | 1 Comment

Placidity in Indiana; Irma inconveniences card sharps

Posted on September 11, 2017 by David McKee

It was a flat August in the Hoosier State, as casino executives look toward Four Winds Casino in South Bend with trepidation. Perhaps it is the vampiric rise of slot routes in Illinois, but the northern tier of Indiana casinos … Continue reading →

Posted in Ameristar, Boyd Gaming, Dan Lee, Eldorado Resorts, Environment, Florida, Full House Resorts, GLPI, Harrah's, Illinois, Indiana, Isle of Capri, MGM Mirage, Missouri, Penn National, Pinnacle Entertainment, Racinos, Seminole Tribe, The Strip, Tribal, Tropicana Entertainment, Wall Street, World Series of Poker | Comments Off

Illinois lackluster, Ohio strong; New attraction for Strip

Posted on September 8, 2017 by David McKee

Illinois is coming off a flat August. The good news is that it’s an improvement on last year’s 2% decline. The bad news is that the lost business doesn’t appear to be coming back. Deutsche Bank analyst Carlo Santarelli reports … Continue reading →

Posted in Boyd Gaming, Dining, Eldorado Resorts, Entertainment, GLPI, Hard Rock International, Harrah's, Illinois, MGM Mirage, Neil Bluhm, Ohio, Penn National, Pinnacle Entertainment, Racinos, The Strip, Wall Street | Comments Off

MGM sells National Harbor; High accolade for Turning Stone

Posted on September 7, 2017 by David McKee

MGM National Harbor continues to grow the Maryland casino market, while taking down its main competitors. (Would we call this a “category killer”?) In the meantime, the small casinos are doing just fine. Last month Penn National Gaming‘s Hollywood Perryville was … Continue reading →

Posted in Economy, Golden Gaming, Harrah's, Illinois, Indiana, Maryland, Massachusetts, MGM Mirage, Neil Bluhm, Penn National, Racinos, Rhode Island, Slot routes, Taxes, Tribal | Comments Off

F-blew sale rumored; New Jersey legitimizes DFS

Posted on August 28, 2017 by David McKee

According to VitalVegas, Carl Icahn finally has finally hooked a big one and the upshot will be a long-delayed sale of Fontainebleau for $650 million. Uncle Carl has long since recouped his bargain-basement purchase price by selling off everything wasn’t … Continue reading →

Posted in Affinity Gaming, Atlantic City, Boulder Strip, Boyd Gaming, Carl Icahn, Derek Stevens, Donald Trump, Downtown, Fontainebleau, Genting, GLPI, Hard Rock Hotel, Harrah's, history, Internet gambling, Lucky Dragon, LVCVA, M Resort, MGM Mirage, North Las Vegas, Palms, Penn National, Politics, SLS Las Vegas, Station Casinos, Taxes, Terry Caudill, The Strip, Wall Street, Westgate LV | 1 Comment

Murren blasts hate groups; 21st century strippers

Posted on August 22, 2017 by David McKee

Reverberations from Charlottesville were felt on the Las Vegas Strip last week when MGM Resorts International CEO Jim Murren wrote to all employees, saying in part, “You have my commitment that we will vigorously and zealously continue to reject hate speech … Continue reading →

Posted in Cretins, Culinary Union, Dan Gilbert, Detroit, GLPI, history, MGM Mirage, North Dakota, Penn National, Pennsylvania, Pinnacle Entertainment, Politics, Sheldon Adelson, Technology | Comments Off