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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: Politics
Big win for Seminoles?; Parx the deadliest track of all
Florida Gov. Ron DeSantis (R) succeeded where predecessor Rick Scott failed, inking a pact with the Seminole Tribe that would unlock the $35o million a year that the Seminoles have been holding in escrow. In return, the tribe gets a … Continue reading
Posted in Animals, Bally, BetMGM, Boyd Gaming, Caesars Entertainment, Churchill Downs, Cirque du Soleil, Cordish Co., Crown Resorts, Downtown, DraftKings, Entertainment, FanDuel, Florida, Greenwood Racing, Hawaii, Horseracing, Internet gambling, James Packer, Las Vegas Sands, Massachusetts, MGM Resorts International, New York, Ohio, Pennsylvania, Politics, Regulation, Seminole Tribe, Sports betting, Taxes, Tennessee, The Strip, Transportation, Virginia, Wall Street, William Hill, Wynn Resorts
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Sands blitzes Texas; Las Vegas “swarming” with tourists; Oscars suck
Starting last week, Las Vegas Sands has been blanketing the Texas airwaves with a barrage of pro-casino ads. Faced with a loss of traction in the Lege, Sands is turning to the court of public opinion. Going in drag as … Continue reading
Posted in Arizona, Atlantic City, Boyd Gaming, Brothels, Caesars Entertainment, China, Cosmopolitan, Derek Stevens, Diversity, Downtown, Economy, Entertainment, Hawaii, Health, Las Vegas Sands, Louisiana, Macau, Movies, Nevada, New York, Ocean Resort, Oklahoma, Pahrump, Politics, Singapore, Texas, The Strip, Tilman Fertitta, Tourism, Tribal
2 Comments
BetMGM “very credible”; Recovery at Sands “gradual”
That’s how JP Morgan analyst Joseph Greff described an evidently persuasive virtual meeting with BetMGM covering the latter’s recent results and strategic objectives. “To us, this was a credible presentation (particularly with its customer acquisition and retention objectives and operating … Continue reading
Posted in Alabama, Atlantic City, Bally, California, Canada, China, Cosmopolitan, Culinary Union, Dotty's, DraftKings, Economy, FanDuel, Illinois, Internet gambling, Las Vegas Sands, Louisiana, Macau, Marketing, MGM Resorts International, Michigan, Mohegan Sun, Nevada, New Jersey, New York, Ocean Resort, Politics, Regulation, Singapore, Slot routes, Texas, The Strip, Tribal, Wall Street, Wynn Resorts
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Atlantic City disappoints, Internet gambling doesn’t
We’re going to have revise our prediction that Atlantic City would recover from Covid-19 faster than Las Vegas. Not at the rate things are going. March casino win was down 17% from 2019, coming in at $185 million. The Caesars … Continue reading
Posted in Alabama, Arizona, Atlantic City, Bally, Caesars Entertainment, China, DraftKings, FanDuel, Florida, Golden Nugget, Hard Rock International, Health, Internet gambling, Lotteries, MGM Resorts International, Mohegan Sun, New Jersey, New York, Ocean Resort, Pennsylvania, Philippines, Politics, Regulation, Seminole Tribe, Sports, Sports betting, Taxes, The Strip, Tribal, Wall Street, William Hill, Wynn Resorts
3 Comments
Trop flipped; Arizona, Maryland join sports-betting club
The Gaming & Leisure Properties Inc. regime at Tropicana Las Vegas was (as planned) a short-lived one. GLPI just announced that it has flipped the Trop to Bally’s Corp., which evidently couldn’t wait one minute longer to get onto the … Continue reading
Posted in Arizona, Atlantic City, Bally, Caesars Entertainment, Canada, Colorado, Delaware, Downtown, DraftKings, Entertainment, FanDuel, Foxwoods, GLPI, Golden Nugget, Illinois, Indiana, Iowa, Japan, Las Vegas Sands, Marketing, Maryland, MGM Resorts International, Mohegan Sun, Nevada, Penn National, Politics, Regulation, Sports, Sports betting, Tribal, Wall Street, William Hill
1 Comment
“In a word, messy”
That’s how JP Morgan analyst Joseph Greff described the online sports-betting bill enacted by the New York State Lege. The latter essentially caved to Gov. Andrew Cuomo (D), giving control of OSB to the state lottery. Instead of the one-operator … Continue reading
Posted in Arizona, Atlantic City, Detroit, DraftKings, Environment, Genting, Las Vegas Sands, MGM Resorts International, Nevada, New Jersey, New York, Ocean Resort, Palms, Politics, Real Estate, Regulation, Sports betting, Station Casinos, Tribal, Wall Street
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Maryland has best month ever; Rio reopens
Even with capacity restrictions still in place at MGM National Harbor and Horseshoe Baltimore, the Free State enjoyed an epic March with casinos posting an all-time-record $169 million. On March 12, MGM and Horseshoe were bumped up to 50% capacity … Continue reading
Posted in Aristocrat, Caesars Entertainment, China, Churchill Downs, Connecticut, Cordish Co., Economy, Entertainment, Golden Gaming, Health, International, MGM Resorts International, Penn National, Politics, Shuffle Master, Sports betting, The Rio, West Virginia
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Caesars Saints?; Mattress Mack returns
Don’t like the misshapen circles which now represent Caesars Entertainment? Well, get used to them, especially if you’re a New Orleans Saints fan. The casino giant is dickering with the Mercedes-Benz Superdome for naming rights, although Saints and New Orleans … Continue reading
Posted in Animals, Bally, Caesars Entertainment, Canada, Colorado, DraftKings, Florida, Golden Nugget, Hard Rock International, Illinois, Louisiana, Mattress Mack, Politics, Scientific Games, Sheldon Adelson, Sports, Sports betting, Taxes, Technology, Texas, The Strip, Tourism, Tribal, TV, Virginia, Wisconsin, Wyoming
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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
Trop sale teased; Michigan sports betting explosive
Gaming & Leisure Properties Inc. hosted JP Morgan analysts last week and tried to get them all hot and bothered with talk of a Tropicana Las Vegas sale. It said it felt one would happen sooner, not later, adding that … Continue reading
Posted in Caesars Entertainment, Churchill Downs, Detroit, DraftKings, FanDuel, FoxBet, Genting, GLPI, Health, Internet gambling, Las Vegas Sands, MGM Resorts International, Michigan, Nevada, New Jersey, Penn National, Pennsylvania, PointsBet, Politics, Real Estate, Rush Street Gaming, Sports, Sports betting, The Strip, Tribal, Wall Street, William Hill, Wynn Resorts
6 Comments
Next stop … Richmond?!?; Alabama covets casinos
No fewer than six companies, some of them major, have descended upon Richmond, Virginia, seeking the Dominion State’s last casino license. They are: Bally’s Corp. ($650 million), Cordish Cos. ($600 million), Golden Nugget ($400 million), Pamunkey Indian Tribe ($350 million), … Continue reading
New Yorkers want more casinos; More death on the Strip
While the last round of casino expansion in New York State was no better than a succes d’estime, Empire Station residents are still behind a planned 2023 enlargement that would bring three new resorts. Given the choice of casinos, higher … Continue reading
Posted in California, DFS, DraftKings, Genting, Georgia, Internet gambling, Las Vegas Sands, Law enforcement, Macau, Melco Resorts & Entertainment, MGM Resorts International, Michigan, Nevada, New Jersey, New York, Politics, Racinos, Scientific Games, Sports betting, Station Casinos, Taxes, Technology, Tennessee, The Strip, Tilman Fertitta, Tribal, Unite-Here, Wall Street, Wynn Resorts
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Boyd better than expected; Marching through Georgia
Boyd Gaming leaked January data, what Wall Street calls “offered an encouraging commentary,” to help put an upbeat spin on its 4Q20 numbers. It worked like a charm. JP Morgan analyst Joseph Greff moved his price target up $8 to … Continue reading
Posted in Alabama, Boulder Strip, Boyd Gaming, Cretins, Downtown, Economy, Entertainment, FanDuel, Florida, Foxwoods, Georgia, Hawaii, Health, Illinois, Lotteries, MGM Resorts International, Nevada, Pennsylvania, Politics, Resort fees, South Carolina, Sports, Sports betting, The Strip, Tony Hsieh, Tourism, Virgin Hotels, Wall Street
3 Comments
