Category Archives: Resorts World LV

Resorts World sheds a problem; Big Gaming fleeced in N.Y.

With the discreet closure of Tacos El Cabron, splashy Resorts World Las Vegas finds itself down one restaurant—and happy to be so. Evidently in their haste to get everything on line, Resorts World management didn’t fully perform their due diligence … Continue reading

Posted in Atlantic City, Bally, Barstool Sports, BetMGM, Caesars Entertainment, Canada, Chicago, China, Dining, DraftKings, FanDuel, Florida, Health, Illinois, Macau, Marketing, Massachusetts, New York, North Las Vegas, Penn National, Politics, Problem gambling, Regulation, Resorts World LV, Seminole Tribe, Sports betting, Station Casinos, Taxes, Tribal, Unite-Here, Virginia | Comments Off on Resorts World sheds a problem; Big Gaming fleeced in N.Y.

Vegas Strip bullish, locals more bearish; Penn plummets

Nevada enjoyed a $1.1 billion gambling-revenue month in April, an 8.5% increase over last year. Powering this was the Strip with $593.5 million, a 23% improvement. Downtown, by contrast, suffered a setback, down 11% to $67 million. Utahns must have … Continue reading

Posted in Bally, Barstool Sports, Boulder Strip, Boyd Gaming, Caesars Entertainment, Chicago, China, CityCenter, Cosmopolitan, Cretins, Culinary Union, Downtown, Economy, Entertainment, Fontainebleau, Hard Rock International, Health, IGT, Lake Tahoe, Las Vegas Sands, Laughlin, Macau, Marketing, Mesquite, MGM Resorts International, Nevada, New York, North Las Vegas, Palms, Penn National, Reno, Resorts World LV, Rhode Island, Station Casinos, The Rio, The Strip, Tourism, Unite-Here, Wall Street, Wendover, Wynn Resorts | 2 Comments

Steve Wynn, Commie stooge?; Resorts World LV jumps shark

If there’s one thing Steve Wynn loves almost as much as money (and women to whom he is not married) it’s the Red Chinese. He’s been warbling sweet nothings about them ever since he got a gig in Macao as … Continue reading

Posted in Bally, Barstool Sports, Baseball, BetMGM, Boyd Gaming, Caesars Entertainment, Chicago, China, Churchill Downs, Cordish Co., Donald Trump, DraftKings, Economy, Entertainment, Failsinos, FanDuel, Florida, Greenwood Racing, Hard Rock International, history, Internet gambling, Macau, Michigan, Mohegan Sun, Penn National, Pennsylvania, PokerStars, Real Estate, Regulation, Resorts World LV, Rush Street Gaming, Sports betting, Steve Wynn, The Strip, WInd Creek, Wynn Resorts | 3 Comments

MGM beats forecast, makes overseas play; California controversy

According to Deutsche Bank analyst Carlo Santarelli, the 1Q22 numbers for MGM Resorts International were “better than forecast” in Las Vegas and regionally, nor as bad as expected from Macao. Losses from BetMGM were worse than anticipated. Santarelli predicted cash … Continue reading

Posted in BetMGM, Boyd Gaming, California, Canada, Card rooms, Cosmopolitan, Dining, Downtown, DraftKings, Economy, Election, Entertainment, FanDuel, Hard Rock International, International, Internet gambling, Japan, Macau, Maine, MGM Resorts International, New York, Pennsylvania, Politics, Resorts World LV, Sports betting, Taxes, The Mob, The Strip, Tourism, Transportation, Tribal, Virginia, Wall Street | Comments Off on MGM beats forecast, makes overseas play; California controversy

Chicago blew it; Times Square, anyone? Monday Mega-Jottings

Even as Chicago Mayor Lori Lightfoot (D) blunders forward with her megaresort campaign, more voices are being raised in criticism of how the Second City is going about the process. A Crain’s Business analysis determined that “Each location appears to … Continue reading

Posted in Architecture, Aristocrat, Atlantic City, Australia, Bally, Baseball, BetMGM, Caesars Entertainment, Chicago, China, Crown Resorts, Derek Stevens, Election, Entertainment, Environment, FanDuel, Galaxy Entertainment, GLPI, Hard Rock International, Health, Illinois, International, Kansas, Las Vegas Sands, Law enforcement, Macau, Marketing, Massachusetts, MGM Resorts International, New York, North Carolina, Pennsylvania, Planet Hollywood, Politics, Real Estate, Regulation, Resorts World LV, Rush Street Gaming, Sports betting, The Strip, Tribal, United Kingdom, Virginia | 1 Comment

Sex, drugs and Resorts World LV; Massachusetts gets serious about sports betting; Caesars wins two Freddies

Both the reputations of Resorts World Las Vegas and its president, Scott Sibella, could be besmirched by a Nevada Gaming Control Board investigation. The tentative probe stems from charges made by gambler Brandon Sattler as part of a huge bankruptcy … Continue reading

Posted in Architecture, Caesars Entertainment, California, Detroit, Economy, Japan, Las Vegas Sands, Louisiana, Macau, Marketing, Massachusetts, MGM Resorts International, Money laundering, Peninsula Pacific, Penn National, Phil Ruffin, Politics, Real Estate, Regulation, Resorts World LV, Sam Nazarian, Singapore, Sports betting, Taxes, The Mob, The Strip, Tribal, Wynn Resorts | 1 Comment

Barley’s leaves a bad taste; Woe is Star; Mega-Jottings

When a casino is named Barley’s Brewing Co. you’d expect to get a decent glass of suds there. Not so. Las Vegan Lon Enwright is $8 million richer—but physically damaged beyond price—after being served cleaning fluids instead of beer (the … Continue reading

Posted in Australia, Baseball, Boulder Strip, Charity, China, Conventions, Crown Resorts, Derek Stevens, history, Japan, Kentucky, Massachusetts, MGM Resorts International, Missouri, Money laundering, Movies, New Jersey, Politics, Regulation, Resorts World LV, Singapore, Sports, Sports betting, Star Entertainment, Station Casinos, Tourism, Transportation, Tribal, Wall Street, Wisconsin | Comments Off on Barley’s leaves a bad taste; Woe is Star; Mega-Jottings

Boardwalk bulletin; George gesture from Apollo

Pressure to end smoking in New Jersey casinos continues to ramp up on legislators. Said former governor Richard Codey (now a state senator), “When I was governor, we passed smoke-free legislation that covered almost all of our state. Restaurants complained … Continue reading

Posted in Apollo Management, Architecture, Atlantic City, Bally, Caesars Entertainment, Colorado, Conventions, Dan Lee, Dining, Donald Trump, Genting, Golden Nugget, Health, Macau, Marketing, MGM Resorts International, Politics, Problem gambling, Regulation, Resorts World LV, Sports, Sports betting, Texas, The Strip, Virginia | 1 Comment

Weekends without Adele

As all of Christendom now knows, one Adele Atkins of Tottenham has been forced to cancel/reschedule 13 weeks of shows at Caesars Palace. When Adele signed for this gig, in early December, it was regarded as the showbiz coup of … Continue reading

Posted in Caesars Entertainment, Cirque du Soleil, Cretins, Current, Eldorado Resorts, Entertainment, Genting, history, Resorts World LV, The Strip | 1 Comment

Urban One loses; Station thinks big; NFL gets into the slot biz

Richmond voters narrowly chose to cut off their nose to spite their face, voting 51.5% against the Urban One casino proposal. Since casinos were approved by at least 65% in four other Virginia cities in 2020, the resounding question is … Continue reading

Posted in Aristocrat, Caesars Entertainment, California, Dining, DraftKings, Election, Florida, Hard Rock International, Health, International, Iowa, Las Vegas Raiders, Las Vegas Sands, Law enforcement, MGM Resorts International, Michael Gaughan, Mississippi, New Hampshire, New Jersey, Ohio, Palms, Politics, Real Estate, Resorts World LV, Seminole Tribe, Sports, Sports betting, Station Casinos, Taxes, Technology, Transportation, Tribal, Virginia, Wall Street, Washington State | 6 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

Business comeback fuels Strip; Massachusetts fumbles sports betting

Las Vegas Strip room rates continue to demonstrate sustained strength through October and, get this, midweek traffic is driving the bus. Overall, weekday prices are up 22% versus 17% on weekends. MGM Resorts International is the pace car, +24% midweek … Continue reading

Posted in Caesars Entertainment, California, Card rooms, Connecticut, Derek Stevens, Economy, Fontainebleau, Health, IGT, International, Japan, Las Vegas Raiders, Las Vegas Sands, Macau, Massachusetts, MGM Resorts International, Mohegan Sun, Politics, Resorts World LV, Singapore, Sports, Sports betting, Taxes, The Strip, Tribal, Wall Street, Wynn Resorts | 1 Comment

Mega-jottings for the weekend

It didn’t take Blackstone Group long to start spending the ‘mad money’ it got for selling The Cosmopolitan of Las Vegas. It plunked down $305 million for all 15 hotels owned by Condor Hospitality Trust. Dare we suggest that Blackstone … Continue reading

Posted in Churchill Downs, Connecticut, Cosmopolitan, Foxwoods, Full House Resorts, Illinois, Indiana, Kentucky, Mohegan Sun, Movies, Real Estate, Resorts World LV, Société des Bains de Mer, Spectacle Entertainment, Sports betting | Comments Off on Mega-jottings for the weekend

Wall Street meets Vegas, likes what it hears

JP Morgan analysts, led by Joseph Greff, are touring Las Vegas ahead of Global Gaming Expo and seem to like what they’re hearing. For instance, they met with Station Casinos CFO Steven Cootey and were told that demand continues to … Continue reading

Posted in Atlantic City, Barstool Sports, BetMGM, Caesars Entertainment, California, Canada, China, Conventions, Economy, Health, Internet gambling, Japan, Las Vegas Sands, Louisiana, M Resort, Macau, Marketing, Massachusetts, MGM Resorts International, Mississippi, New Jersey, New York, North Las Vegas, Palms, Penn National, Problem gambling, Resorts World LV, Singapore, Sports betting, Station Casinos, Taxes, Texas, Tribal, Wall Street, Westgate LV | 3 Comments

Balmy August in Indiana; The coming crisis in Vegas; MGM talks up prospects

There are signs that the regional gaming recovery is cooling (Missouri was up just 1% last month) but Indiana‘s August numbers, while not as hot as July’s, were a balmy 10% higher than 2019 as casinos grossed $203 million. Horseshoe … Continue reading

Posted in Arizona, Bally, Barstool Sports, Boyd Gaming, Caesars Entertainment, California, Conventions, Cosmopolitan, Downtown, DraftKings, Economy, FanDuel, Full House Resorts, G2E, Hard Rock International, Health, Indiana, Internet gambling, Japan, Las Vegas Sands, Louisiana, Macau, Marketing, MGM Resorts International, Mississippi, Missouri, New York, Peninsula Pacific, Penn National, Pennsylvania, Philippines, Politics, Regulation, Resorts World LV, Sports betting, Technology, Tourism, Tribal, Wall Street, William Hill, Wynn Resorts | 3 Comments

Cosmopolitan drinks its own bathwater

Late yesterday Bloomberg broke the news that Blackstone Inc. is shopping The Cosmopolitan of Las Vegas … for a $5 billion minimum price. What’s even more incredible is that apparently it has suckers, er, corporations already on the hook. Why … Continue reading

Posted in Caesars Entertainment, CityCenter, Cosmopolitan, DraftKings, Golden Nugget, Indiana, Japan, Las Vegas Sands, Law enforcement, MGM Resorts International, Missouri, Penn National, Politics, Real Estate, Resorts World LV, Slot routes, The Strip, Tilman Fertitta, Tribal | 2 Comments

Fall of the Packer empire; Culinary Union’s kabuki theatre

The house that the late Kerry Packer built continues to go from bad to worse to downright awful under the all-thumbs leadership of heir James Packer. During the first half of this year Crown Resorts lost $191 million (on a … Continue reading

Posted in BetMGM, Caesars Entertainment, Crown Resorts, Culinary Union, DraftKings, FanDuel, FoxBet, James Packer, Marketing, Money laundering, PointsBet, Resorts World LV, Sports betting, Station Casinos, TV, Wynn Resorts | 1 Comment

Masks back on, Las Vegas!; All’s right with the REITs

Mincing few words, MGM Resorts International CEO Bill Hornbuckle sent a letter to all employees, urging them to quit dithering and get their Covid-19 vaccinations, if they haven’t already. He pleaded, “In addition to the heart-wrenching thought of more illness … Continue reading

Posted in Bally, BetMGM, Boulder Strip, Boyd Gaming, Caesars Entertainment, Charity, Churchill Downs, Conventions, Delaware, Derek Stevens, Dining, Economy, GLPI, Health, history, Indiana, Kentucky, Lake Tahoe, Las Vegas Sands, Laughlin, Maryland, MGM Resorts International, Mississippi, Nevada, North Las Vegas, Penn National, Real Estate, Resorts World LV, Singapore, Sports betting, The Strip, Tribal, Wall Street | 3 Comments

Caesars massacres table games, renames Superdome; Bally’s boffo

At the risk of flogging a deceased equine, the emperor at Caesars Entertainment has yet again showed himself to be without clothes. The latest Eldorado-ization of the Roman Empire is the wholesale slaughter of table games along the Las Vegas … Continue reading

Posted in Atlantic City, Australia, Bally, Caesars Entertainment, Crown Resorts, Dining, Eldorado Resorts, Fontainebleau, Hard Rock International, Illinois, Jack Entertainment, Louisiana, Macau, Maryland, MGM Resorts International, Regulation, Resorts World LV, Rush Street Gaming, Sports, Taxes, The Strip, Virginia, Wall Street, Wynn Resorts | 5 Comments

CityCenter sale applauded; DraftKings sued twice over

Deutsche Bank analyst Carlo Santarelli took a gander at the terms of MGM Resorts International‘s purchase/re-sale of Aria and Vdara, and liked what he saw. He reaffirmed his “buy” rating on MGM shares, with a price target of $54. He … Continue reading

Posted in BetMGM, Boyd Gaming, Caesars Entertainment, CityCenter, Cretins, DraftKings, Dubai, Election, FanDuel, Health, Iowa, LVCVA, MGM Resorts International, Nevada, New Jersey, Peninsula Pacific, Penn National, Resorts World LV, Rush Street Gaming, Sports betting, The Strip, Virginia, Wall Street, William Hill | 1 Comment