Category Archives: Pennsylvania

Strip buoys MGM, Sands

Posted on July 26, 2019 by David McKee

According to JP Morgan analyst Joseph Greff, second-quarter results for MGM Resorts International “were better than (very subdued) investor expectations” on the Strip and in line with anticipation about Macao. Despite weak baccarat volumes in Las Vegas, the company performed “marginally … Continue reading →

Posted in Caesars Entertainment, Detroit, Eldorado Resorts, Harrah's, Las Vegas Sands, Macau, Maryland, Massachusetts, Melco Resorts & Entertainment, MGM Resorts International, Mississippi, New York, Pennsylvania, Singapore, The Strip, Tribal, Wall Street, Wynn Resorts | 1 Comment

Lackluster in Louisiana; OK tribes stiff-arm Stitt

Posted on July 22, 2019 by David McKee

Whatever people in Louisiana were doing last month, gambling wasn’t it. Casino receipts were down 9% and you can’t blame it on the smoking ban in Baton Rouge (-13%), not when Lake Charles—the best market in the state—was nearly 10% … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, Churchill Downs, Eldorado Resorts, GLPI, Greenwood Racing, Internet gambling, Louisiana, North Carolina, Oklahoma, Penn National, Pennsylvania, Rush Street Gaming, Sports betting, Tilman Fertitta, Tribal | Comments Off

Encore Boston Harbor opens hot

Posted on July 15, 2019 by David McKee

JP Morgan analyst Joseph Greff has initiated coverage of Massachusetts and his first dispatch is a corker: Encore Boston Harbor generated $17 million in a single, debutant week of play. That includes $9 million of slot revenue. Wynn Resorts execs … Continue reading →

Posted in Atlantic City, Genting, Maryland, Massachusetts, MGM Resorts International, Mohegan Sun, Penn National, Pennsylvania, Twin River, Wall Street, Wynn Resorts | Comments Off

Sports wagering, ‘Net bets power New Jersey; Slow month in Pennsylvania

Posted on July 15, 2019 by David McKee

Despite being 7% down on a same-store basis, Atlantic City casino revenues grew 14% last month. The $236 million gross represents a 3.5% downturn in slot winnings (down 8.5% same-store) but a 26% jump at the tables (down 3.5% same-store). … Continue reading →

Posted in Atlantic City, Boyd Gaming, Caesars Entertainment, Eldorado Resorts, Greenwood Racing, Hard Rock International, Internet gambling, MGM Resorts International, Mohegan Sun, Movies, Ocean Resort, Penn National, Pennsylvania, Rush Street Gaming, Sports, Sports betting, The Strip, Tilman Fertitta, Tribal | 1 Comment

Casino aspirants elbow for advantage; T-Rex derby in Washington

Posted on July 12, 2019 by David McKee

Full House Resorts and Spectacle Entertainment are jostling for position in Terre Haute—provided that Vigo County voters approve a casino for the city. But will it beat nearby Danville to the punch? “Pending a positive outcome on the referendum, I … Continue reading →

Posted in Arkansas, Connecticut, Election, Entertainment, Full House Resorts, Illinois, Indiana, International, Internet gambling, Japan, Mohegan Sun, Nebraska, Pennsylvania, Philippines, Slot routes, Spectacle Entertainment, Taxes, Virginia, Warner Gaming | Comments Off

Caesars: Buyers remorse; Cubbies want to lay some action

Posted on June 27, 2019 by David McKee

In a move that will surprise no one, Caesars Entertainment is reportedly ready to put Bally’s Atlantic City on the auction block and—failing that—to close it outright. It dodged a bullet when Revel opened (and closed) but luck might not … Continue reading →

Posted in Atlantic City, Baseball, Boyd Gaming, Caesars Entertainment, Carl Icahn, Eldorado Resorts, Illinois, Macau, Pennsylvania, Phil Ruffin, Politics, Rush Street Gaming, Sports betting, Tilman Fertitta, Wall Street | Comments Off

Don’t bet against Sheldon; Encore Boston says ‘Take the T’

Posted on June 18, 2019 by David McKee

Don’t ever accuse Las Vegas Sands of not thinking big. It’s going to the banks for a $5.9 billion loan, primarily for expansion of Marina Bay Sands. That shouldn’t be much of a risk for financiers because nobody makes good … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, Genting, Greenwood Racing, history, Internet gambling, Las Vegas Sands, Massachusetts, Penn National, Pennsylvania, Rush Street Gaming, Sheldon Adelson, Singapore, South Korea, Sports betting, Technology, Transportation, Wynn Resorts | Comments Off

Eldorado’s clearance sale; Atlantic City takes the lead

Posted on June 17, 2019 by David McKee

Eldorado Resorts may be getting closer to a Caesars Entertainment acquisition (accounts differ) but it’s already clearing the decks for a big expenditure. It just offloaded three casinos to—irony alert—Caesars’ Vici Properties for $385 million. The trio is Mountaineer Casino … Continue reading →

Posted in Atlantic City, Caesars Entertainment, Cordish Co., Eldorado Resorts, Internet gambling, Lake Tahoe, Laughlin, Louisiana, Marketing, Michael Gaughan, Mississippi, New Jersey, Pennsylvania, Pets, Regulation, Sports betting, Unite-Here, Wall Street, West Virginia | 2 Comments

Ho renews ‘Dancing Water’; Florida hits high-water mark

Posted on June 14, 2019 by David McKee

Succeeding where Cirque du Soleil failed, Melco Resorts & Entertainment has extended the contract of aquatic spectacle House of Dancing Water. The production show, which premiered in 2010, was originally set to run 10 years but will last for an … Continue reading →

Posted in AGA, California, Cirque du Soleil, Cordish Co., Eldorado Resorts, Entertainment, Florida, Hard Rock International, Internet gambling, Macau, Melco Resorts & Entertainment, Pennsylvania, Rush Street Gaming, Tribal | 1 Comment

Big month for Hard Rock Atlantic City; Sunset Station unionizes

Posted on June 14, 2019 by David McKee

Atlantic City‘s two heaviest hitters had a not-so-merry month of May. Borgata fell 15%, to $52 million, and Tropicana Atlantic City tumbled 18%, landing at $25 million and ceding second place for the first time to Hard Rock Atlantic City … Continue reading →

Posted in Atlantic City, Boyd Gaming, Caesars Entertainment, Churchill Downs, Culinary Union, Detroit, Eldorado Resorts, Greenwood Racing, Hard Rock International, MGM Resorts International, Mohegan Sun, New Jersey, Ocean Resort, Penn National, Pennsylvania, Rush Street Gaming, Sports betting, Station Casinos, Tribal | 1 Comment

Connecticut casino push stalls; Chicago casino fast-tracked

Posted on June 11, 2019 by David McKee

Connecticut casino legislation was yet another exercise in futility this session, with the Lege gaveling the end of business without any gaming bills being passed. However, a special session is anticipated, mainly to address an unrelated litigation settlement. Perhaps then … Continue reading →

Posted in Connecticut, Foxwoods, Illinois, Japan, Massachusetts, MGM Resorts International, Mohegan Sun, Ohio, Pennsylvania, Politics, Sports betting, Wynn Resorts | Comments Off

Wire Act reversal reversed; China scare for Las Vegas

Posted on June 10, 2019 by David McKee

A federal judge dealt a major defeat to the Justice Department in its efforts to reinterpret the Federal Wire Act as a ban on Internet gambling. Nope, only sports betting ruled Judge Paul Barbadoro. The ruling is a boon to … Continue reading →

Posted in Atlantic City, Caesars Entertainment, Economy, Eldorado Resorts, Entertainment, Florida, Hard Rock International, Indiana, International, Internet gambling, Law enforcement, Lotteries, Marketing, Mohegan Sun, Ocean Resort, Palms, Pennsylvania, Regulation, Seminole Tribe, Sheldon Adelson, Singapore, Sports betting, Station Casinos, Tourism, Tribal, Unite-Here, Wall Street, World Series of Poker | Comments Off

Secret deal in Bridgeport?; Packer/Ho sale threatened

Posted on June 4, 2019 by David McKee

“There is no ‘either/or’ solution when it comes to East Windsor and Bridgeport, and we shouldn’t be playing two Connecticut communities against each other.” That’s what tribal spokesman Andrew Doba said after it was revealed that Bridgeport was flirting with Foxwoods Resort … Continue reading →

Posted in Australia, California, Cirque du Soleil, Connecticut, Crown Resorts, e-sports, Entertainment, Foxwoods, Galaxy Entertainment, Las Vegas Sands, Lawrence Ho, Macau, Melco Resorts & Entertainment, MGM Resorts International, Mohegan Sun, Pennsylvania, Regulation, Sociedade de Jogos de Macau, Sports betting, Stanley Ho, Wynn Resorts | 1 Comment

Encore firms up opening date; Bionic money

Posted on May 28, 2019 by David McKee

Global Gaming Business has revealed that Wynn Resorts was so desperate to exit Everett it even held talks with Boston Red Sox owner John Henry to bail it out from the megaresort. Even if the Massachusetts Gaming Commission approved that arrangement (a long … Continue reading →

Posted in Baseball, Dan Gilbert, Detroit, Foxwoods, G2E, Genting, Macau, Massachusetts, MGM Resorts International, Mohegan Sun, Penn National, Pennsylvania, Regulation, Rush Street Gaming, Sports betting, Technology, The Strip, TV, Wall Street, Wynn Resorts | Comments Off

Worries from the Far East & other Case Bets

Posted on May 22, 2019 by David McKee

This goes in the Not A Great Idea file. Macao, still down from its go-go years, is thinking of implementing a tax on tourists. No kidding. It’s even gathering poll data on how the money should be spent, even before … Continue reading →

Posted in Economy, Japan, Las Vegas Sands, M Resort, Macau, Penn National, Pennsylvania, Sheldon Adelson, Taxes, Tribal | Comments Off

Case Bets

Posted on May 17, 2019 by David McKee

Need a scorecard to keep up with the progress of sports betting? Never fear, the American Gaming Association has provided one. It shows sports-betting legislation on the docket in 15 states, including casino-averse Texas and Vermont. States that have rejected … Continue reading →

Posted in Animals, California, Dining, Greenwood Racing, Illinois, Mandalay Bay Massacre, MGM Resorts International, Mohegan Sun, Palms, Pennsylvania, Pets, Regulation, Rush Street Gaming, Sports, Sports betting, Station Casinos | Comments Off

Don’t mess with the Seminoles

Posted on May 16, 2019 by David McKee

Well, the feckless Florida Lege courted disaster—and got it. The Seminole Tribe, lacking a new compact, is cutting off revenue-sharing payments to the Sunshine State. We’re talking serious dollars: $321 million last fiscal year. The Seminoles have enormous economic clout and … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, Florida, Galaxy Entertainment, Greenwood Racing, Las Vegas Sands, Law enforcement, Macau, Melco Resorts & Entertainment, MGM Resorts International, Penn National, Pennsylvania, Philippines, Politics, Rush Street Gaming, Seminole Tribe, Sociedade de Jogos de Macau, Sports betting, Taxes, Wall Street, Wynn Resorts | 1 Comment

Rough April for Atlantic City; Britney to jilt MGM?

Posted on May 15, 2019 by David McKee

As always, Atlantic City proves to be a good-news/bad-news story. Gaming revenue there was up 8.5% higher last month but the love had to be spread thin, as same-store revenues fell 12%. Casinos grossed $207.5 million with slots up 6% … Continue reading →

Posted in Atlantic City, Baseball, Boyd Gaming, Caesars Entertainment, Churchill Downs, Dan Gilbert, Detroit, Eldorado Resorts, Entertainment, Greenwood Racing, Hard Rock International, Internet gambling, MGM Resorts International, Mohegan Sun, New Jersey, Ocean Resort, Penn National, Pennsylvania, Racinos, Rush Street Gaming, Sports, Sports betting, The Strip, Tilman Fertitta | 2 Comments

Wall Street loves Wynn, Penn, MGM

Posted on May 15, 2019 by David McKee

JP Morgan analyst Joseph Greff issued a post-1Q19 bulletin in which he named Wynn Resorts (growth), Penn National Gaming (value for share price) and MGM Resorts International (event-driven revenue) as his top picks in the gambling sphere. Wynn got a … Continue reading →

Posted in Arkansas, Caesars Entertainment, DFS, Dining, Eldorado Resorts, Election, Internet gambling, Iowa, Japan, Las Vegas Sands, Macau, Massachusetts, Melco Resorts & Entertainment, MGM Resorts International, Penn National, Pennsylvania, Pets, Pinnacle Entertainment, Problem gambling, Racinos, Sports betting, The Strip, Tilman Fertitta, Transportation, Wall Street, Wynn Resorts | Comments Off

Stability in the heartland; The lure of “NashVegas”

Posted on May 9, 2019 by David McKee

Last month’s gaming revenues from Ohio and Illinois were flat year/year. Some would look at that as a bad thing but it shows the states aren’t losing significant play to neighboring states. Ohio casinos grossed $160 million, with MGM Northfield … Continue reading →

Posted in Australia, Boyd Gaming, Caesars Entertainment, Canada, Churchill Downs, Crown Resorts, Dan Gilbert, Dining, Eldorado Resorts, Georgia, GLPI, Illinois, Law enforcement, Macau, MGM Resorts International, Mississippi, Ohio, Penn National, Pennsylvania, Rush Street Gaming, Sports, Sports betting, The Strip, Tourism, Wall Street, Wynn Resorts | Comments Off