Category Archives: Rush Street Gaming

Illinois’ surprise; Scandal at Churchill Downs; Palms complications

Gambling revenue of $108 million out of Illinois last month looks pallid at first glance. But consider this: It was only 6% off April 2019’s pace, when casinos were at full capacity and last month they did it at 50% … Continue reading

Posted in Bally, Barstool Sports, Boyd Gaming, Caesars Entertainment, Churchill Downs, Conventions, Culinary Union, Dining, Diversity, DraftKings, Drugs, Economy, FanDuel, history, Horseracing, Indiana, Iowa, Las Vegas Sands, Macau, MGM Resorts International, Missouri, Palms, Penn National, PointsBet, Rush Street Gaming, Slot routes, Sociedade de Jogos de Macau, Sports, Sports betting, Station Casinos, The Strip, Tourism, Tribal, William Hill, Wynn Resorts | 2 Comments

MGM hits paydirt; Palms sold?; Atlantic City underwhelms

Remember the Harmon Hotel? That Sir Norman Foster-designed tower that had to be amputated at half the intended height in 2008 because of incompetent construction? The only Las Vegas resort ever to be dismantled without having hosted a single guest? … Continue reading

Posted in Atlantic City, Boyd Gaming, Caesars Entertainment, Card rooms, Carl Icahn, Charity, Churchill Downs, CityCenter, Cosmopolitan, CQ Holdings, Detroit, Dining, Diversity, DraftKings, Entertainment, Florida, Full House Resorts, Golden Nugget, Hard Rock International, Health, Louisiana, LVCVA, MGM Resorts International, Michigan, Nevada, Ocean Resort, Palms, Penn National, Real Estate, Resort fees, Rush Street Gaming, Seminole Tribe, Sports, Sports betting, Station Casinos, Taxes, The Strip, Tribal, Wall Street, Washington State | 1 Comment

Michigan sports betting, i-gaming surge; AGA chases renegade slots

Say what you like about Michigan, it’s giving New Jersey and Pennsylvania a literal run for their money in Internet gambling. Win/day is just over $3 million, close behind the Keystone State’s $3.15 million and challenging the Garden State’s $3.65 … Continue reading

Posted in AGA, Arizona, Atlantic City, Barstool Sports, Caesars Entertainment, Churchill Downs, Dining, DraftKings, Economy, FanDuel, Florida, FoxBet, Hawaii, Health, Illinois, Indiana, Internet gambling, Kansas, Las Vegas Sands, Lotteries, Macau, Massachusetts, MGM Resorts International, Michigan, Minnesota, Mississippi, Nevada, New Jersey, Ohio, Oklahoma, Pennsylvania, PointsBet, Problem gambling, Regulation, Reno, Resorts World LV, Rhode Island, Rush Street Gaming, Slot routes, South Dakota, Sports, Sports betting, Taxes, Tribal, Wall Street, William Hill, Wynn Resorts | 1 Comment

Pennsylvania booms and busts, Massachusetts lags

Casino revenues were $270.5 million last month in Pennsylvania, down 22% from March 2019, another exception to the wave of recovery sweeping the country. Slots accounted for $199 million, tables for $71.5 million. Casinos were held to 50% of capacity, … Continue reading

Posted in Aristocrat, Barstool Sports, Boyd Gaming, Caesars Entertainment, Churchill Downs, Colony Capital, Conventions, Cordish Co., Dining, DraftKings, Election, FanDuel, FoxBet, Greenwood Racing, Health, history, Illinois, Internet gambling, Massachusetts, MGM Resorts International, Mohegan Sun, Nebraska, Nevada, New Jersey, Ohio, Penn National, Pennsylvania, Politics, Racinos, Rush Street Gaming, Scientific Games, Sports betting, The Strip, Tourism, Tribal, Wall Street, Wynn Resorts | Comments Off on Pennsylvania booms and busts, Massachusetts lags

Missouri booms; Trop sale a steal of a deal

After a hiccup in Indiana, gaming revenues continued to march (pun unintended) upward from 2019 levels, which were pretty darn robust. Missouri gained 6% for a gross of $176.5 million, “one of the best months ever” according to JP Morgan … Continue reading

Posted in Arizona, Bally, Boyd Gaming, Caesars Entertainment, Century Casinos, DraftKings, FanDuel, GLPI, Health, Iowa, MGM Resorts International, Missouri, Penn National, Regulation, Rush Street Gaming, Sports, Sports betting, Tamares Group, The Strip, Tribal, Wall Street, William Hill, Wisconsin | 3 Comments

Vegas hears wedding bells; Sahara upscales; Mega-Jottings

All-important Baby Boomer customers are ‘trickling‘ back to Las Vegas, according to the Las Vegas Review-Journal. That’s the latest positive augury for Sin City. Better still, the destination-wedding biz is “bursting,” per Forbes, and what place is more synonymous with … Continue reading

Posted in Alex Meruelo, Barstool Sports, Boyd Gaming, Caesars Entertainment, China, Dining, Downtown, DraftKings, Economy, Entertainment, FanDuel, Greenwood Racing, Health, Illinois, Japan, Macau, Maryland, Mohegan Sun, Ohio, Oklahoma, Pennsylvania, Real Estate, Regulation, Rush Street Gaming, Sports, Sports betting, The Rio, The Strip, Tribal, Wall Street | 1 Comment

Virginia sports betting debuts large; ‘CSI’ back in Vegas

Virginia has now had two full months of sports betting and February handle was an impressive $266 million—not quite the explosion that Michigan was but still noteworthy as the second-biggest debut in U.S. history. Reacted PlayUSA analyst Dustin Gouker, “The … Continue reading

Posted in Dining, DraftKings, Entertainment, FanDuel, Full House Resorts, Genting, Health, Indiana, Law enforcement, Massachusetts, MGM Resorts International, Mississippi, North Carolina, Philippines, Problem gambling, Regulation, Resorts World LV, Rush Street Gaming, Sports, Sports betting, Taxes, Tribal, TV, Virgin Hotels, Virginia, William Hill, Wynn Resorts | 2 Comments

Massachusetts gaming a success; Cuomo gains upper hand in NY

A University of Massachusetts Amherst panel led by respected academic Rachel Volberg has been studying casino gambling in Massachusetts and likes most of what it finds. It concluded that Bay State dollars had been significantly repatriated from neighboring states (the … Continue reading

Posted in AGA, Arizona, Barstool Sports, Baseball, California, Cordish Co., Derek Stevens, Diversity, DraftKings, Economy, FanDuel, Georgia, Health, Macau, Marketing, Massachusetts, New Hampshire, Penn National, Pennsylvania, Politics, Problem gambling, Rush Street Gaming, Sports, Sports betting, Taxes, Tourism, Tribal, Wall Street, Wynn Resorts | 2 Comments

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

A.C.: A month to forget; Trump sticks it to Miami

Casino revenue headed 32% south in Atlantic City last month, to $148 million. Those were augmented with $46 million in sports-betting dollars and $94 million from Internet gambling (+80%), so that probably counts as a silver lining to a dark … Continue reading

Posted in Atlantic City, Bally, Barstool Sports, Boyd Gaming, Caesars Entertainment, Churchill Downs, Cordish Co., Donald Trump, DraftKings, FanDuel, Florida, Fontainebleau, FoxBet, Genting, Golden Nugget, Greenwood Racing, Hard Rock International, MGM Resorts International, Michigan, Mohegan Sun, New Jersey, New York, Ocean Resort, Penn National, Pennsylvania, Politics, Real Estate, Rush Street Gaming, Seminole Tribe, Sports, Sports betting, Tribal, Wall Street, William Hill, 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

Vegas’ Dream is TSA’s nightmare; MGM disses Chicago

Part Two of our survey of analyst reports on Vegas-based casino companies will have to wait a day, given a bevy of breaking news. First up, a major setback for the planned Dream Las Vegas on the south Strip. Airlines … Continue reading

Posted in Architecture, Arizona, Atlantic City, Bally, Boyd Gaming, Caesars Entertainment, California, Cosmopolitan, Cretins, Dining, Diversity, Economy, Entertainment, Failsinos, Full House Resorts, Hard Rock International, Health, Illinois, Indiana, Las Vegas Sands, Mandalay Bay Massacre, Maryland, MGM Resorts International, Michael Gaughan, New York, Penn National, Rush Street Gaming, Security, Spectacle Entertainment, Station Casinos, Texas, The Strip, Tourism, Transportation, Tribal, Wynn Resorts | 2 Comments

Chicago gets serious; Ohio recovering but Missouri swoons

Chicago Mayor Lori Lightfoot (D), having received 11 expressions of interest in a megaresort (two of them an exacta by MGM Resorts International and MGM Growth Properties) is ready to issue a request for proposals sometime next month. We’ll then … Continue reading

Posted in Arizona, Bally, Barstool Sports, Boyd Gaming, Caesars Entertainment, Churchill Downs, Detroit, DraftKings, FanDuel, Florida, Hard Rock International, Illinois, Indiana, Las Vegas Sands, MGM Resorts International, Missouri, Nevada, Ohio, Penn National, Pennsylvania, Politics, Rush Street Gaming, Sports betting, Taxes, The Strip, Tourism, Tribal, Wall Street, Wynn Resorts | 2 Comments

Sports bets a hit in Virginia; Vegas recovery an iffy prospect

Online sports betting was quick out of the gate in Virginia—$59 million in handle in 11 days—although books spent so much money acquiring customers that they took a loss on the month. “Debuting ahead of the NFL’s conference championship games … Continue reading

Posted in Atlantic City, Bally, Caesars Entertainment, Canada, Conventions, DraftKings, Economy, FanDuel, Health, history, IGT, Internet gambling, Las Vegas Sands, Lotteries, LVCVA, Marketing, Maryland, MGM Resorts International, Michigan, Resort fees, Rhode Island, Rush Street Gaming, Scientific Games, Sports betting, Tennessee, The Strip, Tourism, Transportation, United Kingdom, Virgin Hotels, Virginia, Wall Street, William Hill, Wynn Resorts | Comments Off on Sports bets a hit in Virginia; Vegas recovery an iffy prospect

Michigan gaming explodes; Massachusetts droops

Online sports betting and Internet gambling have come to Michigan and they’re a smash hit. In the first 10 days of sports betting, handle was $115 million, with revenues of $13 million. FanDuel led market share with 32% of handle, … Continue reading

Posted in Barstool Sports, Detroit, Dining, DraftKings, Entertainment, FanDuel, FoxBet, Health, history, Internet gambling, Las Vegas Raiders, M Resort, MGM Resorts International, New Jersey, New York, Penn National, Pennsylvania, Real Estate, Rush Street Gaming, Sports betting, Taxes, Tennessee, The Strip, Tribal, Wall Street, Wynn Resorts | Comments Off on Michigan gaming explodes; Massachusetts droops

A.C.: Trump Dump gone, Hard Rock and Ocean going strong

At 9:08 a.m. yesterday, one of the towers of Trump Plaza was finally imploded, an important first step in clearing Atlantic City of its last excrescences of You Know Who. Maybe owner Carl Icahn, having been a “george” donor to … Continue reading

Posted in AGA, Bally, Barstool Sports, Boyd Gaming, Caesars Entertainment, Carl Icahn, Charity, Churchill Downs, Cordish Co., Current, Dining, Donald Trump, DraftKings, Economy, FanDuel, FoxBet, Golden Nugget, Greenwood Racing, Hard Rock International, MGM Resorts International, Missouri, Mohegan Sun, Ocean Resort, Penn National, Pennsylvania, Rush Street Gaming, Sports, Sports betting, The Strip, Tourism, Tribal, TV, Wall Street, William Hill | 3 Comments

Wynn surprises few; Maryland stabilizes, Iowa impresses

It’s earnings-report time for Wynn Resorts and JP Morgan analyst, Joseph Greff, for one, is feeling blasé about the numbers. “Overall, we’d characterize the quarter as in line with investors’ recent expectations, and its earnings conference call outlook commentary as … Continue reading

Posted in Boyd Gaming, Caesars Entertainment, California, China, Churchill Downs, Cordish Co., Dining, DraftKings, Entertainment, FanDuel, Golden Gaming, Health, International, Internet gambling, Iowa, Las Vegas Sands, Macau, Marketing, Maryland, Massachusetts, MGM Resorts International, Michigan, Penn National, Pennsylvania, Rush Street Gaming, Sports, The Strip, Wall Street, West Virginia, William Hill, Wynn Resorts | Comments Off on Wynn surprises few; Maryland stabilizes, Iowa impresses

Case Bets

More than 23 million Americans are expected to bet legally or otherwise on the Super Bowl, according to the American Gaming Association, which predicts $4.3 billion in handle. 7.5 million punters will be doing their wagering online, 63% more than … Continue reading

Posted in AGA, Bally, Caesars Entertainment, Cordish Co., DFS, Diversity, DraftKings, Economy, FanDuel, history, Illinois, International, Las Vegas Sands, Macau, MGM Resorts International, Pennsylvania, PointsBet, Problem gambling, Real Estate, Rush Street Gaming, Sports, Sports betting, Steve Wynn, The Strip | 3 Comments

Gaming stocks rejiggered; Smoke blown at AGA

No, we don’t mean the Reddit/GameStop scandal, which has everyone from Sen. Ted Cruz (R) to Rep. Alexandria Ocasio-Cortez (D) up in arms. Instead, we’re looking at a downgrade of revenue estimates for a slew of projections by JP Morgan … Continue reading

Posted in AGA, Barstool Sports, Boyd Gaming, Caesars Entertainment, Churchill Downs, Cordish Co., DraftKings, Economy, Florida, Golden Gaming, Hard Rock International, Health, Horseracing, Illinois, Internet gambling, Marijuana, Marketing, MGM Resorts International, Nevada, New Jersey, Penn National, Pennsylvania, Rush Street Gaming, Scientific Games, Sports, Sports betting, Station Casinos, Tribal, Wall Street, William Hill | 1 Comment

Louisiana doldrums; Philadelphia Live sparkles

Does reporting bad news get tedious? You bet! But it comes with the turf. Louisiana casino winnings declined 23% last month, in keeping with the national average. Penn National Gaming casinos got off easiest, slipping 11%, while Boyd Gaming ones … Continue reading

Posted in Animals, Bally, Baseball, Boyd Gaming, Caesars Entertainment, Churchill Downs, Colorado, Connecticut, Cordish Co., CQ Holdings, Cretins, Dining, DraftKings, Economy, FanDuel, FoxBet, Foxwoods, Golden Nugget, Health, Illinois, Indiana, Internet gambling, Jim Murren, Law enforcement, Louisiana, Marketing, Massachusetts, MGM Resorts International, Mohegan Sun, Nevada, New Jersey, Penn National, Pennsylvania, Politics, Rush Street Gaming, Sports, Tennessee, Wall Street, West Virginia, William Hill | 3 Comments