Category Archives: Penn National

Bounty in Missouri, penury in Macao

Customer bucks continued flowing big-time in Missouri casinos last month, up 19% over 2021. The total gross was $146 million as customers spent 2.5% more per visit and came in 16% greater numbers. Almost casinos were revenue-positive (some spectacularly so) … Continue reading

Posted in Bally, Barstool Sports, BetMGM, Boyd Gaming, Caesars Entertainment, Century Casinos, China, DraftKings, Election, FanDuel, Galaxy Entertainment, Genting, Health, Illinois, Las Vegas Sands, Macau, MGM Resorts International, Missouri, Nevada, Penn National, Rush Street Gaming, Sociedade de Jogos de Macau, Sports, Sports betting, Taxes, Tourism, Wynn Resorts | 2 Comments

Ohio, Illinois ebullient; MGM expects good things; Scandal in NFL

Ohio casino revenues were up 13% from 2021, yielding $179 million in player losses. Slots-only MGM Northfield Park posted a $22.5 million haul, up 17%, while Jack Cleveland vastly expanded its table game inventory and saw table play rise 24.5%. … Continue reading

Posted in Arkansas, Bally, Boyd Gaming, Caesars Entertainment, Churchill Downs, Conventions, DraftKings, Economy, Hard Rock International, Illinois, Internet gambling, Jack Entertainment, Japan, Marketing, MGM Resorts International, Ohio, Penn National, Sports, Sports betting, The Strip, Tribal, United Kingdom, Vietnam, Virginia | 1 Comment

Almost everyone prospers in Maryland; Broader revival continues

There’s no sign of “normalization” of gaming revenues in Maryland, where February yielded $163 million, a 19% gain over 2019. Horseshoe Baltimore continued to be somewhat sickly, down 14% to $18 million while everyone else climbed. The silver lining was … Continue reading

Posted in Architecture, BetMGM, Caesars Entertainment, Carl Icahn, Churchill Downs, Cordish Co., Downtown Grand, Entertainment, Fontainebleau, Golden Gaming, Illinois, Indiana, Louisiana, Maryland, MGM Resorts International, Missouri, Ohio, Penn National, Scientific Games, Sports betting, The Strip, Tourism, Wynn Resorts | 1 Comment

DraftKings flexes its biceps; New names, same players

Probably in reaction to a precipitous plunge in DKNG shares, DraftKings hosted an investor day in which it told Wall Street analysts that everything is coming up roses. Its lead point was that its ‘total addressable market’ (translation: potential bettors) … Continue reading

Posted in Barstool Sports, Canada, Cordish Co., DraftKings, GLPI, Golden Nugget, Internet gambling, Maryland, Penn National, Pennsylvania, Scientific Games, Sports betting, Wall Street | Comments Off on DraftKings flexes its biceps; New names, same players

Louisiana levels off, DraftKings sucks wind, Golden gilded

Gaming analysts have been cautioning us to expect “difficult comparisons” between 2022 and previous high-water years late 2019 and 2021. Indeed, Louisiana‘s January was flat with 2019, if up 8% from last year. Sports betting was weak: $49 million in … Continue reading

Posted in Apollo Management, Atlantic City, Bally, Baseball, Boyd Gaming, Caesars Entertainment, Churchill Downs, DraftKings, Economy, Eldorado Resorts, Florida, G2E, Golden Gaming, Golden Nugget, Hard Rock International, Hawaii, Japan, Las Vegas Sands, Laughlin, Louisiana, New Jersey, New York, Peninsula Pacific, Penn National, Regulation, Resort fees, Slot routes, Sports betting, Tourism, Wall Street, Wynn Resorts | Comments Off on Louisiana levels off, DraftKings sucks wind, Golden gilded

Wynn steals its own thunder; Atlantic City hits a downer

Leave it to Wynn Resorts to squelch news of a bad 4Q21—losing $256.5 million—with an, oh by the way, announcement that it was selling Encore Boston Harbor for $1.7 billion (essentially breaking even on construction costs) and leasing it back. … Continue reading

Posted in AGA, Atlantic City, Australia, Bally, Barstool Sports, BetMGM, Caesars Entertainment, Crown Resorts, Dining, DraftKings, Dubai, Economy, FanDuel, FoxBet, Golden Nugget, Hard Rock International, Internet gambling, James Packer, Las Vegas Sands, Macau, Marketing, Massachusetts, Mattress Mack, MGM Resorts International, Michigan, Mohegan Sun, New Jersey, New York, Penn National, PointsBet, Problem gambling, Rush Street Gaming, South Korea, Sports, Sports betting, Taxes, Tennessee, Texas, The Strip, Wall Street, Wynn Resorts | Comments Off on Wynn steals its own thunder; Atlantic City hits a downer

Casinos continue to thrive; Crooks, liars and losers

There’s no “supply chain” issue when it comes to dollars flowing into American casinos. Take Missouri, for instance. Casino revenue sprang 15.5% over 2019 last month, for a statewide take of $145.5 million. Actual visitation was down 2o% but per-visitor … Continue reading

Posted in Apollo Management, Bally, Bally Technologies, Barstool Sports, BetMGM, Boyd Gaming, Caesars Entertainment, Century Casinos, Churchill Downs, Cretins, DraftKings, FanDuel, Full House Resorts, Hard Rock International, Health, Illinois, Indiana, Las Vegas Sands, Law enforcement, Louisiana, Maryland, Mattress Mack, MGM Mirage, Missouri, Nevada, Penn National, Pennsylvania, PointsBet, Regulation, Reno, Rush Street Gaming, Scientific Games, Slot routes, Sports, Sports betting, Steve Wynn, Taxes, Tribal, WInd Creek, Wynn Resorts | 3 Comments

Everybody wins; ‘Adele’ debuts; Ohio and Maryland prosper

Let’s start the day with a rare, feel-good story about an invalidated jackpot. Normally, these things go the way of the house. But not this time. On January 8, at Treasure Island, a player named Robert Taylor was playing the … Continue reading

Posted in Apollo Management, Aristocrat, Bally, BetMGM, Boyd Gaming, Caesars Entertainment, Churchill Downs, Cordish Co., DraftKings, Entertainment, FanDuel, Fontainebleau, Golden Gaming, Hard Rock International, Illinois, Louisiana, Macau, Maryland, Massachusetts, MGM Resorts International, Missouri, New York, Ohio, Palms, Penn National, Phil Ruffin, Regulation, Rush Street Gaming, Sports, Sports betting, The Strip, Tribal, United Kingdom, Wall Street, Wynn Resorts | Comments Off on Everybody wins; ‘Adele’ debuts; Ohio and Maryland prosper

Station sets revenue records, Penn less fortunate

Having quietly broken ground on $750 million Durango Station, proud papa Station Casinos announced that despite “some headwinds,” the company had achieved record-level cash flow in 4Q21. “The government’s mask mandate across the state of Nevada remained in place and … Continue reading

Posted in Barstool Sports, BetMGM, Caesars Entertainment, California, Canada, Conventions, Derek Stevens, Downtown, DraftKings, Economy, FanDuel, Hawaii, Health, history, Internet gambling, Louisiana, Marketing, Missouri, New York, Ohio, Palms, Penn National, Pennsylvania, Rush Street Gaming, Sports betting, Station Casinos, Technology, Tourism, Tribal, Wall Street, Wynn Resorts | 3 Comments

Adios, Tropicana?; New York sports betting tops $1 billion easily

Visit the Tropicana Las Vegas while yet you can. Why? Because Bally’s Corp. Chairman Soo Kim is seriously weighing the possibility of “knocking it down and starting over.” Yes, Kim would rebrand the place as Bally’s Las Vegas and then … Continue reading

Posted in Alex Yemenidjian, Atlantic City, Bally, BetMGM, Caesars Entertainment, Chicago, Columbia Sussex, Conventions, DraftKings, e-sports, Economy, Election, FanDuel, GLPI, Health, history, Laughlin, Nevada, New Jersey, New York, Peninsula Pacific, Penn National, Politics, Rush Street Gaming, Sahara, Sports betting, Taxes, Texas, The Strip, Virginia | Comments Off on Adios, Tropicana?; New York sports betting tops $1 billion easily

Sports betting claims first casualty; “Scam” at Caesars?

Online sports betting has evidently proven too rich for Wynn Resorts‘ blood. The New York Post reports that Wynn “is looking to unload its online sports-betting business at a steep discount as the fledgling niche faces painful losses from stiff … Continue reading

Posted in Atlantic City, Barstool Sports, BetMGM, Caesars Entertainment, Cretins, Culinary Union, DraftKings, Entertainment, Hard Rock International, Health, International, Massachusetts, MGM Resorts International, Minnesota, Movies, New York, Penn National, Regulation, Sports betting, Station Casinos, United Kingdom, Wall Street, Wynn Resorts | 3 Comments

Adele fiasco at Caesars; Trouble for Sands in Florida

Resorts World Las Vegas, we’ll see your Celine Dion health-scare postponement and raise you an Adele cancellation at Caesars Palace. The British megastar’s team has, like so much of the human race, contracted Covid-19 and is not physically capable of … Continue reading

Posted in Alex Meruelo, Bally, Boyd Gaming, Caesars Entertainment, Churchill Downs, Diversity, Election, Entertainment, Florida, Greenwood Racing, Health, history, Las Vegas Sands, Louisiana, Macau, Marketing, New York, Peninsula Pacific, Penn National, Pennsylvania, Regulation, Sahara, Seminole Tribe, Sports, Sports betting | 1 Comment

Warm breeze in Atlantic City; Indiana heats up

December brought an acceleration in most forms of New Jersey gambling revenue. Atlantic City casinos managed a 1.5% increase over the end of 2019 but sports betting revenue dropped 11% year/year, blamed on low hold. Sticking close to home, Internet … Continue reading

Posted in Atlantic City, Australia, Bally, Barstool Sports, BetMGM, Boyd Gaming, Caesars Entertainment, Cordish Co., Crown Resorts, DraftKings, Entertainment, FanDuel, Full House Resorts, Golden Nugget, Hard Rock International, Indiana, Maryland, Massachusetts, MGM Resorts International, Mohegan Sun, New Jersey, New York, Ocean Resort, Peninsula Pacific, Penn National, PointsBet, Politics, Regulation, Rush Street Gaming, Sports betting, Taxes, Tribal, Virginia, Wynn Resorts | 2 Comments

Illinois slouches; Boyd, Churchill praised; DraftKings assessed

Not even Rivers Casino Des Plaines was spared the impact of Hard Rock Rockford, as the newbie helped take a 4.5% bite out of Rivers’ December casino revenues compared to 2019, for a Des Plaines gross of $43 million, still … Continue reading

Posted in Arizona, Bally, Boyd Gaming, Caesars Entertainment, California, Canada, Churchill Downs, Connecticut, Downtown Grand, DraftKings, Election, Florida, Full House Resorts, Hard Rock International, Health, Illinois, Indiana, Internet gambling, Iowa, Isle of Capri, Las Vegas Sands, Louisiana, Maine, Maryland, Mattress Mack, MGM Resorts International, New York, Ohio, Penn National, Regulation, Singapore, Sports, Sports betting, Station Casinos, Taxes, Wall Street | Comments Off on Illinois slouches; Boyd, Churchill praised; DraftKings assessed

Ohio, Missouri booming; Of sports and sports betting

Scarcely had Deutsche Bank analyst Carlo Santarelli projected 12% gaming growth in Ohio over December 2019 than the numbers came in and it was 16%. The $197 million gross showed play heating up from November, too. Slot revenue was up … Continue reading

Posted in Bally, Barstool Sports, Boyd Gaming, Caesars Entertainment, Century Casinos, Churchill Downs, DraftKings, FanDuel, Genting, Hard Rock International, Health, Illinois, Jack Entertainment, Las Vegas Raiders, Massachusetts, Mattress Mack, MGM Resorts International, Missouri, Movies, New York, Ohio, Penn National, Politics, Rush Street Gaming, Sports, Sports betting, Station Casinos, Taxes, Technology, Tribal, TV, Wall Street | 1 Comment

Meet the new National Harbor boss, same as the old boss

Maryland closed out 2021 hot, up 16% from 2019 with a gross of $173 million in December. As usual, MGM National Harbor was in the lead with $74.5 million. Maryland Live booked $62.5 million for a 20.5% gain and 36% … Continue reading

Posted in Alex Meruelo, Arizona, Atlantic City, Boyd Gaming, Caesars Entertainment, California, Churchill Downs, Dining, DraftKings, Economy, FanDuel, Golden Gaming, Health, Idaho, Indiana, Las Vegas Raiders, Louisiana, Macau, Marketing, Maryland, MGM Resorts International, Mississippi, Missouri, Nevada, New Hampshire, New Jersey, New York, Ohio, Oklahoma, Penn National, Pennsylvania, Rush Street Gaming, Sahara, Sports, Sports betting, Taxes, Technology, Tennessee, The Strip, Tourism, Tribal, Wall Street, World Series of Poker | Comments Off on Meet the new National Harbor boss, same as the old boss

Why is this man smiling?

Could it be because MGM Resorts International CEO Bill Hornbuckle came justhisclose to being S&G‘s Executive of the Year? Could it be for his vigorous pursuit of diversity within the lion’s house? Might it be for MGM’s very proactive “Convene … Continue reading

Posted in Arizona, Barstool Sports, BetMGM, Caesars Entertainment, Diversity, DraftKings, FanDuel, Health, Mattress Mack, MGM Resorts International, Mississippi, Ohio, Penn National, Pennsylvania, Problem gambling, Real Estate, Regulation, Resort fees, Sports betting, Taxes, Technology, Virginia, Wall Street, Wynn Resorts | 1 Comment

Mixed signals in Pennsylvania; Atlantic City casinos get their wish

Despite fewer weekends than in 2019, Pennsylvania casino revenues nudged up 3% last month, albeit not a same-store comparison, what with three new casinos having opened in the interim (that would make it -9%). Slots won $185.5 million and table … Continue reading

Posted in Atlantic City, Barstool Sports, BetMGM, Boyd Gaming, Caesars Entertainment, California, Canada, Card rooms, Churchill Downs, Cordish Co., DraftKings, FanDuel, Health, Las Vegas Raiders, Michigan, Mohegan Sun, Penn National, Pennsylvania, Politics, Rush Street Gaming, Sports, Sports betting, Taxes, Tribal, WInd Creek | Comments Off on Mixed signals in Pennsylvania; Atlantic City casinos get their wish

Atlantic City stutters; Shocker in New Orleans; Palms changes hands today

Casinos in Atlantic City grossed $207 million last month, an 8% declivity from 2019, as players tightened their purse strings. Overall, slot revenues were down 1% on a commensurately lower amount of coin-in. The house played unluckily at the tables, … Continue reading

Posted in Atlantic City, Bally, Barstool Sports, BetMGM, Boyd Gaming, Caesars Entertainment, Churchill Downs, CQ Holdings, DraftKings, Election, FanDuel, Golden Nugget, Hard Rock International, Health, Internet gambling, Iowa, Louisiana, Marketing, MGM Resorts International, Michigan, Mohegan Sun, North Carolina, Ocean Resort, Palms, Penn National, Pennsylvania, Philippines, PointsBet, Rush Street Gaming, San Manuel Band of Mission Indians, Sheldon Adelson, Sports, Sports betting, Station Casinos, Technology, Tribal | 1 Comment

Slot routes seek legitimacy; FanDuel romps in Michigan

Black-market operators of slot routes in Missouri could achieve legitimacy next year—with the help of two out-of-state providers. Illinois‘ leading slot-route purveyors, J&J Ventures and Accel Entertainment, bitter rivals in the Land of Lincoln have put aside their differences to … Continue reading

Posted in Animals, Bally, Barstool Sports, DraftKings, FanDuel, Genting, Hard Rock International, Health, Illinois, Illitch Family, Internet gambling, Las Vegas Sands, MGM Resorts International, Michigan, Missouri, New York, North Carolina, Penn National, PointsBet, Politics, Rush Street Gaming, Slot routes, Sports betting, The Strip, Tribal, Virginia, Wall Street, Wynn Resorts | Comments Off on Slot routes seek legitimacy; FanDuel romps in Michigan