Category Archives: Penn National

Everybody wins in Massachusetts; Makeover for The Mirage

Massachusetts casinos bagged $88 million last month, a 12% boost over 2019. Encore Boston Harbor, predictably, was way, way out in front with $55 million, up 16.5%. Win was fairly even divided between slots ($30 million) and tables ($25 million), … Continue reading

Posted in Atlantic City, Australia, Cirque du Soleil, Cosmopolitan, Crown Resorts, Downtown, DraftKings, Election, Failsinos, FanDuel, Florida, Hard Rock International, Health, Marketing, Massachusetts, MGM Resorts International, New York, Penn National, Regulation, Seminole Tribe, Sports betting, Station Casinos, The Strip, Wall Street, Wynn Resorts | 1 Comment

Hard Rock, Caesars grapple; Trouble at Topgolf LV

There’s a battle royal in Indiana between Hard Rock Gary and Horseshoe Hammond. But before we get to that, let it be noted that—despite one less weekend than 2019—casino revenues were up 9.5% to $195 million. The two main combatants … Continue reading

Posted in Bally, Barstool Sports, BetMGM, Boyd Gaming, Caesars Entertainment, Century Casinos, Chicago, DraftKings, FanDuel, Full House Resorts, Hard Rock International, Indiana, Missouri, Penn National, PointsBet, Rush Street Gaming, Sexual misconduct, The Strip | 1 Comment

Playing politics with sports betting … and casinos

Chicago Mayor Lori Lightfoot (D) has really put her foot in it this time. Not only are Windy City aldermen balking at five stadium-area sports books in addition to a billion-dollar casino, fearing cannibalization, but Lightfoot threw gasoline on the … Continue reading

Posted in Atlantic City, Barstool Sports, Boyd Gaming, Caesars Entertainment, Chicago, Churchill Downs, Dan Lee, DraftKings, FanDuel, Full House Resorts, Hard Rock International, Health, Illinois, Jack Entertainment, Marketing, MGM Resorts International, Nevada, New Jersey, New York, Ohio, Penn National, Pennsylvania, PointsBet, Politics, Regulation, Rush Street Gaming, Sports, Sports betting, Taxes, Tribal, TV, Wall Street | 1 Comment

Cordish cashes in; Scare tactics in Atlantic City; Illinois slumps

Succumbing to the siren song of REITmania, Cordish Gaming has sold the real estate of three of its casinos to Gaming & Leisure Properties Inc. for a grand total of $1.8 billion. The affected casinos are Philadelphia Live, Pittsburgh Live … Continue reading

Posted in Atlantic City, Bally, Boyd Gaming, Caesars Entertainment, Chicago, Churchill Downs, Cordish Co., DraftKings, GLPI, Golden Nugget, Hard Rock International, Illinois, Indiana, Louisiana, Maryland, Missouri, Ohio, Penn National, Pennsylvania, Politics, Real Estate, Sports betting, Taxes, The Strip, Wall Street | 2 Comments

MGM resurgent in Maryland; More Mega-Jottings

November was another terrific month for Maryland casinos, as revenues picked up a bit from October, accumulating 14% more than in November 2019.. (If inflation is so bad, where do Marylanders find all this money with which to gamble, one … Continue reading

Posted in Architecture, Atlantic City, Australia, Caesars Entertainment, California, Churchill Downs, Cordish Co., Crown Resorts, Economy, Election, Entertainment, Florida, Golden Gaming, Hard Rock International, Japan, Las Vegas Raiders, Las Vegas Sands, Louisiana, Macau, Maryland, MGM Resorts International, Mohegan Sun, Movies, Nevada, Penn National, Planet Hollywood, San Manuel Band of Mission Indians, South Korea, Sports, The Rio, The Strip, Virgin Hotels, Virginia, West Virginia, World Series of Poker, Wynn Resorts | 4 Comments

Special Edition: Rumblings from around Big Gaming

Update: The Seminole Tribe has finally, grudgingly stopped taking sports bets, effective yesterday. At the risk of using the Seminole Tribe as a punching bag, we have to observe that it clearly doesn’t understanding the meaning of the word “no,” … Continue reading

Posted in AGA, Bally, Baseball, Caesars Entertainment, Conventions, Cordish Co., Cosmopolitan, DraftKings, Health, IGT, Law enforcement, Macau, Marketing, MGM Mirage, MGM Resorts International, Penn National, Pennsylvania, Real Estate, Regulation, Scientific Games, Seminole Tribe, Sports betting, The Strip | 2 Comments

Mega-Jottings

Hollywood Morgantown will open Dec. 22, just in time to capture a share of end-of-year business. The $111 million Penn National Gaming facility will feature 750 slots, 30 table games and cashless betting … The Seminole Tribe continues to offer … Continue reading

Posted in Election, Florida, Hard Rock International, International, Law enforcement, Macau, Money laundering, North Dakota, Ohio, Penn National, Pennsylvania, Reno, Rush Street Gaming, Seminole Tribe, Sports betting, Station Casinos, Tribal, Virginia, Wynn Resorts | 3 Comments

Strip sizzles, locals thriftier; Penn’s pride and joy

While tourists were more open-handed than ever, cash flow among Las Vegas locals may be drying up, as win/day fell 11% from September. By contrast, the same metric from the Las Vegas Strip was +6%. Further tipping the scales against … Continue reading

Posted in Barstool Sports, Boulder Strip, California, Cretins, Downtown, Economy, Lake Tahoe, Laughlin, Nevada, New York, North Las Vegas, Penn National, Reno, Sports betting, The Strip, Tourism, Transportation, Wendover | 1 Comment

Seminole compact nixed: Biden, DeSantis, Seminoles all lose

Floridians, we hope you enjoyed sports betting for all of the three weeks in which it was legal in the Sunshine State. Why? Because last night a federal judge struck down the Seminole Tribe‘s new compact with Gov. Ron DeSantis … Continue reading

Posted in Arizona, Australia, Chicago, Connecticut, Crown Resorts, DraftKings, Election, FanDuel, Florida, Hard Rock International, Law enforcement, Massachusetts, MGM Resorts International, Michigan, Nevada, New York, Penn National, Politics, Regulation, Rush Street Gaming, Seminole Tribe, Sports, Station Casinos, Taxes, Transportation, Tribal | 1 Comment

Atlantic City still booming; Churchill Downs wins in Terre Haute

It was another bonanza month for the Boardwalk, as casinos grossed $237.5 million in October, 17% above 2019. Slot win was up 22% on 19% more coin-in and tables won 6% on 9% higher wagering and despite lower hold. Borgata … Continue reading

Posted in Atlantic City, Bally, Barstool Sports, BetMGM, Caesars Entertainment, Churchill Downs, Cordish Co., DraftKings, FanDuel, FoxBet, Full House Resorts, Golden Nugget, Greenwood Racing, Hard Rock International, Indiana, International, MGM Resorts International, Mohegan Sun, Money laundering, Ocean Resort, Penn National, Pennsylvania, PointsBet, Rush Street Gaming, Sports betting, Tribal, Wall Street | 1 Comment

Encore owns Massachusetts; Online slot players hosed

Massachusetts gaming revenue accelerated to $96 million last month, 23% higher than 2019. Encore Boston Harbor vaulted 37% to $63 million—yes, two-thirds of the statewide gross and well above Deutsche Bank‘s forecast of $55 million. Despite Wynn Resorts‘ dominance, Plainridge … Continue reading

Posted in Boyd Gaming, Caesars Entertainment, Churchill Downs, Cretins, Detroit, Economy, FanDuel, Hard Rock International, Illinois, Iowa, Law enforcement, Massachusetts, MGM Resorts International, Nebraska, Neil Bluhm, New Jersey, North Carolina, Peninsula Pacific, Penn National, Pennsylvania, Racinos, Regulation, Sports, Sports betting, Tribal, TV, Virginia, Wall Street, Wynn Resorts | 1 Comment

Wynn spits out SPAC; Penn slammed; Indiana impresses

Headlines are still being made by Wynn Resorts this week. Shockwaves continue to reverberate from CEO Matt Maddox‘s surprise retirement, nearly one year ahead of schedule. His departure comes at a delicate point in negotiations with Macao (or should we … Continue reading

Posted in Bally, Barstool Sports, BetMGM, Boyd Gaming, Caesars Entertainment, Cordish Co., DraftKings, Drugs, Entertainment, FanDuel, Fontainebleau, Full House Resorts, Golden Gaming, Hard Rock International, Indiana, International, Internet gambling, Macau, Marketing, New York, Penn National, Pennsylvania, PointsBet, Sports betting, Station Casinos, Tribal, TV, Wall Street, Wynn Resorts | 2 Comments

Wynn drops bombshells; Portnoy’s complaint

Wynn Resorts CEO Matt Maddox is leaving the building, effective Jan. 31. This shockeroo, which inspired a banner headline in the Las Vegas Review-Journal, was trundled out just minutes before the 3Q21 earnings call. Maddox will be succeeded by veteran … Continue reading

Posted in AGA, Arizona, Atlantic City, Bally, Barstool Sports, Boyd Gaming, Caesars Entertainment, China, Diversity, Economy, GLPI, Golden Nugget, Hard Rock International, Health, International, Internet gambling, Macau, Marketing, Massachusetts, MGM Resorts International, Missouri, Movies, New York, Ocean Resort, Oklahoma, Penn National, Politics, Sexual misconduct, Sheldon Adelson, Sports betting, Steve Wynn, The Strip, Tourism, Transportation, Tribal, Wall Street, Wynn Resorts | 1 Comment

New York picks winners, losers; Ohio, even Illinois flex muscles

In hopes of having online sports betting operational in time for the Super Bowl, Empire State gaming regulators announced their picks for the state’s nine OSB license applications late yesterday. Winners were BetMGM (just as Bill Hornbuckle predicted), DraftKings, FanDuel, … Continue reading

Posted in Bally, Barstool Sports, BetMGM, Boyd Gaming, Caesars Entertainment, Churchill Downs, Cordish Co., Delaware, DFS, DraftKings, Economy, Environment, Failsinos, FanDuel, FoxBet, Foxwoods, Full House Resorts, Genting, Golden Gaming, Hard Rock International, Illinois, International, Jack Entertainment, Lake Tahoe, Maryland, MGM Resorts International, Mississippi, Missouri, Mohegan Sun, New York, Ohio, Penn National, PointsBet, Racinos, Rush Street Gaming, Sports betting, Taxes, Technology, West Virginia, Wynn Resorts | 2 Comments

MGM to sell Mirage; Caesars disappoints Wall Street

At a time when the north Las Vegas Strip is finally heating up, MGM Resorts International has chosen this moment to put The Mirage on the market. Although it’s 32 years old (224 in dog years), The Mirage should fetch … Continue reading

Posted in BetMGM, Boyd Gaming, Conventions, Cosmopolitan, Economy, Election, Hard Rock International, Health, Internet gambling, Jim Murren, Lake Tahoe, Louisiana, Macau, Marketing, MGM Resorts International, New Jersey, New York, Palms, Penn National, Phil Ruffin, Planet Hollywood, San Manuel Band of Mission Indians, Sports betting, The Strip, Vici Properties, Wall Street | 2 Comments

Chicago: Then there were five (?); LV Sands huddles with NY Mets

Or is it three? In the end, Chicago Mayor Lori Lightfoot (D) drew one heavyweight contender for the Windy City casino and a pair of middleweights. Two of the applicants made parlay bids, so the city could crow that it … Continue reading

Posted in Bally, Barstool Sports, Baseball, BetMGM, Caesars Entertainment, Churchill Downs, Cretins, DraftKings, Election, FanDuel, Florida, Genting, Hard Rock International, Illinois, Indiana, Las Vegas Sands, Law enforcement, Louisiana, MGM Resorts International, Neil Bluhm, New Hampshire, New York, Peninsula Pacific, Penn National, Pennsylvania, Rush Street Gaming, Sheldon Adelson, Sports betting, Tennessee, Texas, Virginia, Wynn Resorts | 1 Comment

Ida dampens Louisiana’s day; NFL tackles degenerate gambling

September gaming revenues in Louisiana were expected to be diminished by Hurricane Ida and they certainly were, down 23% on a same-store basis. New Orleans had the worst time of it (-48%), Baton Rouge the easiest (-5%). All comparisons are … Continue reading

Posted in BetMGM, Boyd Gaming, Caesars Entertainment, Churchill Downs, CQ Holdings, Election, Full House Resorts, Golden Nugget, Illinois, International, Louisiana, Marketing, Peninsula Pacific, Penn National, Problem gambling, Sports betting, Virginia | 4 Comments

Pennsylvania rebounds; Mega-jottings

After grappling with the effects of gaming saturation for several months, Pennsylvania flexed its muscles in September, up 9% from 2019. The gross was $283 million. On a same-store basis (i.e., discounting the effects of new casinos), the Keystone State … Continue reading

Posted in Arizona, Barstool Sports, BetMGM, Boyd Gaming, Caesars Entertainment, California, Churchill Downs, Cordish Co., Culinary Union, DraftKings, Drugs, FanDuel, Florida, FoxBet, Genting, Greenwood Racing, Internet gambling, Law enforcement, Lotteries, MGM Resorts International, Missouri, Mohegan Sun, New Jersey, Penn National, Pennsylvania, Regulation, Resorts World LV, Rush Street Gaming, Scientific Games, Seminole Tribe, Singapore, Sports betting, Station Casinos, Taxes, Tribal | 1 Comment

Encore dominates Massachusetts; Penn touted; Fontainebleau jilted

Gaming revenues in Massachusetts were up 10% from September 2019, reaching $89 million. The lion’s share (65%) went to Encore Boston Harbor, leaping 17.5% to $57.5 million—$7 million more than Deutsche Bank analyst Carlo Santarelli expected. (Encore also disclosed some … Continue reading

Posted in Animals, Barstool Sports, BetMGM, Caesars Entertainment, Detroit, DraftKings, Economy, Entertainment, FanDuel, Fontainebleau, FoxBet, Golden Nugget, Health, Internet gambling, Lake Tahoe, Marketing, Massachusetts, MGM Resorts International, Michigan, Mohegan Sun, Ocean Resort, Penn National, Pennsylvania, Rush Street Gaming, Singapore, Sports, Sports betting, Steven Witkoff, The Strip, TV, Wall Street, Wynn Resorts | 1 Comment

Indiana wins big, Missouri too; Pennsylvania guv blows smoke

While the American economy overall may be a disappointment for some, Big Gaming has nothing of which to complain. Indiana is coming off another bully month, up 16% from 2019, for an overall gross of $201 million, driven in no … Continue reading

Posted in Bally, Barstool Sports, BetMGM, Boyd Gaming, Caesars Entertainment, Century Casinos, Dining, DraftKings, FanDuel, Full House Resorts, Hard Rock International, Health, Indiana, Internet gambling, MGM Resorts International, Missouri, Movies, Nevada, Penn National, Politics, Sports, Sports betting, Technology, Tribal | 3 Comments