Category Archives: Scott Butera

Christmas wishes

Posted on December 23, 2022 by David McKee

It’s time to reward those who have been nice and offer appropriate gifts to the naughty. So, without further ado, we play Santa Claus to the casino industry …

Posted in AGA, Alabama, Alex Meruelo, Atlantic City, Bally, Barstool Sports, Boyd Gaming, Caesars Entertainment, California, Card rooms, Chicago, China, Crown Resorts, Culinary Union, Dan Lee, Derek Stevens, Downtown, DraftKings, Fontainebleau, Full House Resorts, Genting, Georgia, Hard Rock International, James Packer, Japan, Kazuo Okada, Las Vegas Sands, Macau, Massachusetts, Mattress Mack, MGM Resorts International, Michael Gaughan, Missouri, Moulin Rouge, Movies, Nevada, New York, Oklahoma, Pahrump, Palms, Penn National, Phil Ruffin, Politics, Real Estate, Regulation, Resort fees, Resorts World LV, Sahara, Scott Butera, Sports betting, Star Entertainment, Station Casinos, Steve Wynn, The Rio, The Strip, Tilman Fertitta | Comments Off on Christmas wishes

Upsurge in Louisiana; Stitt stiffed; Fubo Sportsbook folds

Posted on October 21, 2022 by David McKee

In a major reversal of fortune, Louisiana casino revenue vaulted 18.5% over September 2021. Foot traffic rose 41.5%, which more than made up for thriftier gamblers: On average they lost 16% less per player. It helped the year/year comparison that … Continue reading →

Posted in Animals, Bally, BetMGM, Boyd Gaming, Caesars Entertainment, California, Churchill Downs, CQ Holdings, DraftKings, Election, FanDuel, Louisiana, New York, Oklahoma, Palms, Penn National, San Manuel Band of Mission Indians, Scott Butera, Sports, Sports betting, The Strip, Tilman Fertitta, Tribal, Wynn Resorts | 2 Comments

Cosmic quarter at MGM; New name, same old Penn

Posted on August 5, 2022 by David McKee

“No Recession yet, just all time records,” reported Truist Securities analyst Barry Jonas of MGM Resorts International‘s 2Q22 earnings call. Better-than-ever Las Vegas Strip and regional revenues beat the pants off Wall Street‘s expectations, outweighing “weakness” in Macao, where gaming … Continue reading →

Posted in Atlantic City, Bally, Barstool Sports, BetMGM, Boyd Gaming, Caesars Entertainment, Canada, Chicago, China, Churchill Downs, Conventions, Cordish Co., Cosmopolitan, DraftKings, FanDuel, Golden Gaming, Hard Rock International, history, Illinois, International, Internet gambling, Law enforcement, M Resort, Macau, Marketing, Maryland, Massachusetts, MGM Resorts International, Michigan, Mississippi, Missouri, Nevada, North Carolina, Ohio, Penn National, Pennsylvania, PointsBet, Scott Butera, Slot routes, Sports, Sports betting, Technology, The Strip, Tourism, Tribal, Virginia, Wall Street, Wyoming | 1 Comment

Mirage sold; Big win for Las Vegas; Bluhm, Reinsdorf clash in Chicago

Posted on December 14, 2021 by David McKee

In a billion-dollar coup, MGM Resorts International has sold the operations of The Mirage to Hard Rock International, a huge markup on Steve Wynn‘s 1989 creation—and Hard Rock isn’t even getting the underlying land! All this for 17X EBITDA, an … Continue reading →

Posted in Architecture, Caesars Entertainment, Chicago, Cordish Co., Downtown, DraftKings, Economy, Hard Rock International, Health, Japan, MGM Resorts International, Mohegan Sun, New Jersey, Pennsylvania, Planet Hollywood, Politics, Rush Street Gaming, Scott Butera, Sports, Sports betting, Station Casinos, Steve Wynn, The Strip, TV, Virgin Hotels | 4 Comments

Bennett returns, Aguilera leaves, Adelsons idolized

Posted on March 2, 2020 by David McKee

The Las Vegas Strip will be blessed for three nights in August, as Tony Bennett returns to The Venetian. He’ll play the 12th, 14th and 15th, with an assist from Antonia Bennett. Tickets start at $50, with a portion of … Continue reading →

Posted in Aristocrat, Boyd Gaming, CityCenter, Entertainment, Florida, Health, history, IGT, Indiana, Las Vegas Sands, Louisiana, Macau, Maine, Marijuana, MGM Resorts International, Oregon, Planet Hollywood, Problem gambling, Scientific Games, Scott Butera, Sheldon Adelson, Shuffle Master, Singapore, Sports, Sports betting, Technology, The Strip, Tribal, Wisconsin | 1 Comment

Atlantic City impresses; MGM plays lacrosse

Posted on January 15, 2020 by David McKee

In a de facto win for Atlantic City, gaming revenue held steady in December, despite one less weekend day to bring in the gamblers. The Garden State also closed out the year with over $4.5 billion in sports-betting handle, economic … Continue reading →

Posted in Atlantic City, Caesars Entertainment, Culinary Union, DraftKings, Eldorado Resorts, Election, FanDuel, Hard Rock International, Internet gambling, Massachusetts, MGM Resorts International, Mohegan Sun, Movies, Ocean Resort, Scott Butera, Sexual misconduct, Sports, Sports betting, Tilman Fertitta | 3 Comments

Indiana flat, Missouri down, Jones up

Posted on January 13, 2020 by David McKee

Indiana gaming revenues were microscopically down last month, to $186 million, not bad when one considers that December 2018 had one more weekend day. It’s too soon to have numbers from table games at the racinos, so January’s will be … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, Century Casinos, Diversity, DraftKings, Eldorado Resorts, Environment, FanDuel, Full House Resorts, Illinois, Indiana, MGM Resorts International, Michigan, Penn National, Racinos, Regulation, Scott Butera, Spectacle Entertainment, Sports betting, Wynn Resorts | 1 Comment

Card-room smackdown; CES not high on weed

Posted on January 8, 2020 by David McKee

What happens when a casino doesn’t have enough cash on hand to cover all the chips on the floor? If you’re California card room Magnolia House Casino, in Rancho Cordova, you get shut down by the state. The card room … Continue reading →

Posted in California, Conventions, Marijuana, MGM Resorts International, Regulation, Scott Butera, Sports betting, Technology, Transportation | Comments Off on Card-room smackdown; CES not high on weed

China’s credit bubble; Ocean Resort’s secret formula

Posted on December 26, 2019 by David McKee

China gamblers may be playing today at the expense of tomorrow. Bloomberg reports that Generation Z is borrowing heavily in high-interest debt to fuel its consumerism, a phenomenon that should be of concern in Macao. “Household debt hit levels of … Continue reading →

Posted in Atlantic City, Boyd Gaming, China, Culinary Union, DraftKings, Economy, Eldorado Resorts, Internet gambling, Louisiana, Macau, Massachusetts, MGM Resorts International, New Hampshire, Ocean Resort, Oklahoma, Regulation, Scott Butera, Sexual misconduct, Sports betting, Station Casinos, Steve Wynn, Tribal, Wynn Resorts | 1 Comment

Air guitar; Forgiveness urged for Steve Wynn

Posted on October 28, 2019 by David McKee

The much-anticipated opening of Hard Rock International‘s guitar-shaped hotel-casino in Hollywood, Florida, drew celebrities from Hollywood, California (Johnny Depp), as well as ones who would attend the opening of an eyelid (Kim Kardashian). Hard Rock hopes to recreate the iconic … Continue reading →

Posted in Architecture, Australia, Baseball, Boyd Gaming, Caesars Entertainment, Churchill Downs, Cosmopolitan, Florida, Genting, Hard Rock International, Hooters, Illinois, International, Japan, Massachusetts, MGM Resorts International, Mississippi, Nevada, New York, Politics, Regulation, Rush Street Gaming, Scott Butera, Sexual misconduct, Sports, Sports betting, Steve Wynn, Taxes, The Strip, Tribal, Wynn Resorts | 1 Comment