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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: Rush Street Gaming
Boffo month for New Jersey, Detroit
Atlantic City casinos sprang through March with a 16% revenue boost (albeit 5% cannibalization of last year’s grosses), booking $223 million, including a 18.5% surge in slot win while table games were up 9% (albeit down 13% on a same-store … Continue reading
Posted in Atlantic City, Boyd Gaming, Caesars Entertainment, Churchill Downs, Dan Gilbert, Detroit, Eldorado Resorts, Greenwood Racing, Hard Rock International, Internet gambling, Las Vegas Sands, MGM Resorts International, Mohegan Sun, New Jersey, Ocean Resort, Penn National, Pennsylvania, Racinos, Rush Street Gaming, Sports, Sports betting, Tilman Fertitta
2 Comments
Around the horn
Gambling revenue hit a record amount in Maryland last month, up 9% to $164 million. The good news for MGM National Harbor was that winnings were up 4% to $64 million. The bad news is that this was driven by … Continue reading
Posted in Affinity Gaming, Ameristar, Boyd Gaming, Caesars Entertainment, Churchill Downs, Cordish Co., Dan Gilbert, Eldorado Resorts, Full House Resorts, GLPI, Golden Gaming, Hard Rock International, Illinois, Indiana, Isle of Capri, Maryland, MGM Resorts International, Missouri, Ohio, Penn National, Racinos, Rush Street Gaming, Taxes, Tribal, Wall Street, West Virginia
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West Virginia joins ‘Net-bet pack; Conventioneers flood the Strip
And then there were five. Internet gambling was legalized in West Virginia this week, as was i-poker. Gov. Jim Justice (R) appears to have been opposed to the law—or to giving political opponents a stick to beat him with—so he … Continue reading
Atlantic City rallies, Pennsylvania snoozes
Given that a certain amount of cannibalization was inevitable with the debuts of two new casinos on the Boardwalk, a 5% February decline in same-store gambling revenue has to considered a pretty good result. The market overall was up a … Continue reading
Posted in Atlantic City, Boyd Gaming, Caesars Entertainment, Churchill Downs, Dan Gilbert, Detroit, Eldorado Resorts, Genting, Greenwood Racing, Hard Rock International, Las Vegas Sands, MGM Resorts International, Mohegan Sun, Ocean Resort, Penn National, Pennsylvania, Racinos, Rush Street Gaming, Sports betting, Tilman Fertitta, William Hill
4 Comments
Illinois: Sunken treasure; Maryland finally maxes out
Like February 2018, last month was bad for Illinois casinos, sliding another 6.5% into the maw of slot routes. One outlier should be noted: Harrah’s Metropolis was and remains closed due to flooding, causing a 32% precipice in revenue, grossing … Continue reading
Posted in Boyd Gaming, Caesars Entertainment, Cordish Co., Eldorado Resorts, Illinois, Maryland, MGM Resorts International, Penn National, Rush Street Gaming, Slot routes, Wall Street, West Virginia
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MGM, Eldorado, Churchill Downs looking up
Credit Suisse‘s Cameron McKnight flew out to San Francisco to meet with MGM Resorts International CEO Jim Murren. The biggest headline item would be the eccentricity of Murren choosing to meet in Frisco rather than at MGM HQ in Las … Continue reading
Posted in Architecture, Atlantic City, Caesars Entertainment, Churchill Downs, DFS, Eldorado Resorts, history, Horseracing, Illinois, Internet gambling, Louisiana, Marketing, Maryland, Massachusetts, MGM Resorts International, MTR Gaming, Neil Bluhm, Ocean Resort, Resort fees, Rush Street Gaming, The Strip, Wall Street
1 Comment
Atlantic City: Ocean Resort stages a rally
Atlantic City is weathering the winter months about as well as can realistically be hoped. Same-store revenues were down 8% last month but up 9% overall. Ocean Resort ($12.5 million) actually crept past Bally’s ($12 million) and up on Resorts … Continue reading
Posted in Atlantic City, Boyd Gaming, Bruce Deifik, Caesars Entertainment, Churchill Downs, Dan Gilbert, Detroit, Eldorado Resorts, Genting, Greenwood Racing, Hard Rock International, Internet gambling, Las Vegas Sands, MGM Resorts International, Mohegan Sun, New Jersey, New York, Penn National, Pennsylvania, Racinos, Rush Street Gaming, Sports betting, Tilman Fertitta
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Chicago or bust?; Ocean Resort in deep water
With Illinois gaming revenue stuck at 2006 levels, some sense is finally filtering into legislative discussion of a Chicago casino. Could that idea have passed its sell-by date? The inability of Rivers Casino, however successful, and slot routes to move … Continue reading
Posted in AGA, Atlantic City, Bruce Deifik, Economy, Illinois, Racinos, Regulation, Rush Street Gaming, Slot routes, Sports, Sports betting, TV, West Virginia
2 Comments
Bluhm’s big push; Gary dissed; Oscar betting debuts
Neil Bluhm isn’t waiting like some blushing wallflower for the Massachusetts Gaming Commission to approve him for a casino in Brockton. He’s spent $430,000 on Beacon Hill to make his $700 million casino project in reality. To put that in … Continue reading
Posted in Ameristar, Architecture, Caesars Entertainment, Cirque du Soleil, Economy, Entertainment, Genting, Indiana, Iowa, Law enforcement, Majestic Star, Massachusetts, Movies, Neil Bluhm, Penn National, Politics, Regulation, Rhode Island, Rush Street Gaming, Sports, Sports betting, The Strip, Tribal
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Maryland booms, Illinois frozen out; Resort fees to rise … again
Business continues to boom for MGM National Harbor, which raked in $57 million last month, 12% growth and 41% of the Free State’s $137 million gross gaming revenue. Maryland Live‘s 34% market share translated into a gross of $46 million. Horseshoe … Continue reading
Posted in Boyd Gaming, Caesars Entertainment, Churchill Downs, Colorado, Cordish Co., Detroit, Dining, Economy, Entertainment, GLPI, Golden Gaming, Illinois, Las Vegas Raiders, Louisiana, Maryland, MGM Resorts International, New Jersey, Penn National, Pennsylvania, Pinnacle Entertainment, Resort fees, Rush Street Gaming, Sports, Sports betting, The Strip, Wall Street, West Virginia
1 Comment
Survey says: Las Vegas bad for NFL; Power struggle in Macao
Put me in the one-third of Americans surveyed who wouldn’t give up their annual bonus to see their team win the Super Bowl. That’s one of the findings of a WalletHub study that, incredibly (at least to me) ranks Las … Continue reading
Posted in Arkansas, Caesars Entertainment, California, Entertainment, Indiana, Internet gambling, Japan, Las Vegas Raiders, Lawrence Ho, Macau, Massachusetts, Melco Resorts & Entertainment, MGM Resorts International, Mohegan Sun, New Jersey, Ohio, Pansy Ho, Pennsylvania, Racinos, Regulation, Rush Street Gaming, Scientific Games, Sociedade de Jogos de Macau, Sports, Sports betting, Technology, Tourism, Wall Street, Wisconsin
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Japan lays down the law; Back to square one for Rush Street
Japan hasn’t issued requests for proposals for casino megaresorts — not that it has stopped companies like Hard Rock International from pitching their product to prefectures. However, the Japanese government is rolling out advertising regulations and they are stringent. The only places … Continue reading
Posted in Illinois, Internet gambling, Japan, Marketing, Massachusetts, Regulation, Rush Street Gaming, Slot routes, Technology
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Tunica blues; Monticello racino folds early
“An aquatic center? A practice soccer field? They could have reconstructed this entire neighborhood.” So says Tunica resident Larry James of the misguided priorities that are leaving the county high and dry as the casino boom implodes. It certainly seems … Continue reading
Louisiana: What happened?; Wynn wins historic victory
While most jurisdictions performed impressively last month, Louisiana was down 2.5%. How to account for the slippage? True, the drive-in driven Shreveport/Bossier City market was off 1.5%. But the real culprit was Baton Rouge, toppling 15.5% and ravaged by the new … Continue reading
Posted in Boyd Gaming, Caesars Entertainment, Dining, Eldorado Resorts, Environment, GLPI, Greenwood Racing, International, Las Vegas Sands, Louisiana, Macau, Penn National, Pennsylvania, Rush Street Gaming, Sports betting, Tilman Fertitta, Tourism, Vietnam, Wall Street, William Hill, Wynn Resorts
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Atlantic City: Managing expectations; Prosperity in Pennsylvania, Detroit
Grossing $209 million last month, the Atlantic City casino market continues to grow, up 12% in the dead of winter, even if it was 7% down on a same-store basis. That’s a tradeoff the industry will have to accept, as … Continue reading
Posted in Atlantic City, Boyd Gaming, Bruce Deifik, Caesars Entertainment, Churchill Downs, CityCenter, Dan Gilbert, Detroit, Dining, Economy, Eldorado Resorts, Las Vegas Sands, Macau, MGM Resorts International, Mohegan Sun, Penn National, Pennsylvania, Rush Street Gaming, Tilman Fertitta, Wall Street
1 Comment
Sports betting gearing up in Pennsylvania; Downtown Grand expands
It will be all systems ‘go’ for sports betting at Parx Casino tomorrow if the casino successfully completes a test run today. This would make Parx the fourth Pennsylvania casino to offer sports wagering, preceded by Hollywood Casino, near Harrisburg, Rivers … Continue reading
Posted in Downtown, Downtown Grand, Genting, Greenwood Racing, International, Midnight Jim Gibbons, New Jersey, Penn National, Pets, Problem gambling, Rush Street Gaming, Sports, Sports betting
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Frissora postpones departure; Oscar forecast
That game of musical chairs known as industry consolidation has left a lot of fine ladies and gentlemen standing when the melody stopped, included Anthony Sanfilippo, a favorite of ours. However, Caesars Entertainment apparently hasn’t heard of any of these … Continue reading
Posted in Aristocrat, Bally Technologies, Boyd Gaming, Caesars Entertainment, Eldorado Resorts, Illinois, Movies, Penn National, Rush Street Gaming, Scientific Games, Shuffle Master, Sports betting, Technology
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Dover Downer; Pilgrims rally to Wampanoags’ side
With an audible “Bah, humbug!”, Dover Downs became the first Delaware racino to operate on Christmas Day. While CEO Denis McGlynn claimed “This was not something we’ve been pushing hard for,” in his negotiations with the state, he didn’t hesitate to … Continue reading
Posted in Delaware, history, International, Massachusetts, MGM Resorts International, Politics, Racinos, Rush Street Gaming, Scientific Games, Technology, Tribal
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New boss at AGA; Route 91 Harvest returns
Replacing Geoff Freeman, the American Gaming Association has tapped Business Roundtable Senior Vice President for Government Relations Bill Miller. A Beltway lobbyist of two decades’ standing, Miller should be able to hit the ground running. Thirteen years of lobbying on … Continue reading
Posted in AGA, Baseball, Caesars Entertainment, California, Eldorado Resorts, Entertainment, Geoff Freeman, Greenwood Racing, Las Vegas Sands, Law enforcement, Mandalay Bay Massacre, MGM Resorts International, Penn National, Pennsylvania, Rush Street Gaming, Scientific Games, Sheldon Adelson, Sports, Sports betting, Tamares Group, The Strip, Tribal, TV
3 Comments
Atlantic City sparks controversy; Resort fee change at Cosmo
Faced with a 9% drop in operating profit at Atlantic City casinos, pundits are squaring off as to whether this means doom for the laggards. Analyst Tony Marino told The Press of Atlantic City that it “might be wise to … Continue reading
