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- If you can’t beat ’em, cheat ’em; Fun & games
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- Atlantic City rebounds; Sibella dumped; NFL suspicions
- MGM limping back; Atlantic City follies; Wall Street Jottings
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- MGM crippled; Illinois & Indiana report; Bally’s shaky in Chi
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- Alice Eskandari on Durango Station, slightly downsized
- David McKee on You can’t fix stupid; Good-bad news on the bayou
- American Gaming Guru on You can’t fix stupid; Good-bad news on the bayou
- Ray Lebowski on Sibella scandal spreads; Supremes forestall Seminoles
- David McKee on Sibella scandal spreads; Supremes forestall Seminoles
- Ray Lebowski on Sibella scandal spreads; Supremes forestall Seminoles
- David McKee on MGM crippled; Illinois & Indiana report; Bally’s shaky in Chi
- Paul Shanahan on MGM crippled; Illinois & Indiana report; Bally’s shaky in Chi
- ACGambler on MGM limping back; Atlantic City follies; Wall Street Jottings
- Bob on Bally’s opens, Chicago yawns; MGM, tree murderers
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- You can’t fix stupid; Good-bad news on the bayou - 56,166 views
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- Pennsylvania soggy; Epic fail in North Carolina - 55,541 views
- Atlantic City rebounds; Sibella dumped; NFL suspicions - 55,520 views
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- Bally’s opens, Chicago yawns; MGM, tree murderers - 58,051 views
- MGM crippled; Illinois & Indiana report; Bally’s shaky in Chi - 57,631 views
- MGM paralyzed; DraftKings debacle; Mount Airy wins - 57,059 views
- MGM limping back; Atlantic City follies; Wall Street Jottings - 56,682 views
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Category Archives: Sheldon Adelson
Louisiana hard hit; Mohegan Sun, Foxwoods tops in U.S.
Slammed by a double-whammy of hurricanes, Louisiana was accordingly unfortunate in gambling revenue, which plunged 32% to $148.5 million. The only market spared was Baton Rouge (-12%). Lake Charles bore the brunt of Hurricane Laura and the numbers reflected it. … Continue reading
Posted in Arizona, Atlantic City, Boyd Gaming, Caesars Entertainment, Churchill Downs, Cosmopolitan, Derek Stevens, Dining, Donald Trump, Downtown Grand, Election, Foxwoods, Golden Nugget, Hard Rock International, Health, Illinois, Indiana, Las Vegas Raiders, Las Vegas Sands, Louisiana, Marketing, Massachusetts, MGM Resorts International, Mississippi, Mohegan Sun, Ocean Resort, Oklahoma, Penn National, Reno, Sahara, Sheldon Adelson, Slot routes, Sports betting, Station Casinos, Tamares Group, The Strip, Tourism, Transportation, Tribal, Twin River, Wynn Resorts
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Hiccups in Indiana, Missouri
Stimulus checks and pent-up demand only seem to go so far (except in Ohio). Gambling revenues in Indiana were down 10% last month, to $168 million. $5 million of that was table game play from Hoosier Park and Indiana Grand, … Continue reading
Posted in Architecture, Boyd Gaming, Caesars Entertainment, Century Casinos, DraftKings, FanDuel, Full House Resorts, history, Illinois, Indiana, MGM Resorts International, Michigan, Missouri, Movies, Penn National, Rush Street Gaming, Sheldon Adelson, Singapore, Spectacle Entertainment, Sports betting, TV, Twin River
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Derby Day a dud; Bank cools on Resorts World LV
Seems that Churchill Downs was blowing smoke up Wall Street‘s keister about how well a delayed, spectator-less Kentucky Derby would perform. Last weekend’s Run for the Roses saw betting handle of $79.5 million, down 49% from last year. All races … Continue reading
Posted in Churchill Downs, Dining, Donald Trump, DraftKings, Economy, Election, FanDuel, G2E, Genting, Hard Rock International, Health, Horseracing, Kentucky, Las Vegas Raiders, LVCVA, Macau, MGM Resorts International, Nevada, New York, Penn National, Rush Street Gaming, Security, Sheldon Adelson, Singapore, Sports, Sports betting, The Rio, The Strip, Tourism, TV, Wall Street
1 Comment
New York game-changer; MGM sticks it to servers
What Jim Murren and Sheldon Adelson couldn’t do, New York state Sen. James Skoufis (D) just might. With four upstate casinos still closed and the state budget pummeled by the economic effects of Coronavirus, Skoufis is proposing that the state … Continue reading
Posted in Australia, Caesars Entertainment, Cretins, Economy, Election, Environment, Health, International, Jim Murren, Louisiana, Macau, MGM Resorts International, Mississippi, New York, Ohio, Politics, Problem gambling, Regulation, Sheldon Adelson, Unite-Here, Virginia
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Sheldon: “No money for you!”; Newton manse for sale (again)
So the leopard really can’t change its spots. According to court documents, liens have been filed against the MSG Sphere at Venelazzo. The $1.65 billion project is being sued over $3 million in supposedly unpaid bills. Reported the Las Vegas … Continue reading
MGM rushes where Caesars fears to tread; Cullotta croaks
“By the end of the year” is MGM Resorts International‘s new timeline for reopening Park MGM. Archrival Caesars Entertainment is proceeding somewhat more circumspectly with its casino reopenings. “Caesars will open its remaining Las Vegas properties in line with customer … Continue reading
Posted in Caesars Entertainment, China, Cirque du Soleil, Culinary Union, Dining, Donald Trump, Macau, Marketing, Melco Resorts & Entertainment, MGM Resorts International, Movies, North Las Vegas, Sheldon Adelson, Station Casinos, The Mob, The Strip, Tourism, Wall Street, Wynn Resorts
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Miller dares Adelson; Room rates reel
Late last week American Gaming Association President Bill Miller did something radical about Internet gambling. He discussed it. On a conference call. With reporters. Unprompted. You have to understand that ‘Net betting has been a no-fly zone for the AGA … Continue reading
Posted in AGA, Caesars Entertainment, Card rooms, Economy, Geoff Freeman, Internet gambling, Las Vegas Sands, Maverick Gaming, MGM Resorts International, Mohegan Sun, Penn National, Rush Street Gaming, Sheldon Adelson, The Strip, Tilman Fertitta, Wall Street, Washington State, Wynn Resorts
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When Saharas attack; Trump blasts Adelson
Don’t get on Sahara owner Alex Meruelo‘s bad side. That seems to be the moral of a saga unfolding on the Las Vegas Strip. VitalVegas author Scott Roeben is being sued for $15,000 in lost business, punitive damages, attorneys’ fees … Continue reading
Devil in the details
Gaming & Leisure Properties Inc. held a conference call with stock analysts and it revealed more about Caesars Entertainment and, to a lesser extent, Penn National Gaming than the companies themselves were saying. Rents and income were described as “better … Continue reading
MGM: Meet the new boss, same as the interim boss
After suffering the indignity of a “thorough national search” to find a possible replacement, interim MGM Resorts International CEO Bill Hornbuckle has been named to the position on a permanent basis. This should have been a no-brainer for MGM, especially … Continue reading
Election special
Good news! The word “casino” is no longer toxic in politics. Why do we say that? Because Montana Gov. Steve Bullock (D), a U.S. Senate aspirant, merely describes Sheldon & Miriam Adelson as “this billionaire couple” in a fundraising e-mail … Continue reading
Posted in Alabama, Arizona, Colorado, Donald Trump, Election, Georgia, Health, Kentucky, Maine, Massachusetts, Politics, Regulation, Sheldon Adelson, South Carolina, Sports, Sports betting
1 Comment
Shopping the Trop; Nobu no-no
An unnamed hotel-casino on the Las Vegas Strip is being quietly advertised on private-equity forums. It’s listed as a “brand name” property that’s been in operation for over 30 years. The age would seem to suggest The Mirage (born 1989) … Continue reading
Posted in Affinity Gaming, Boulder Strip, Boyd Gaming, California, CityCenter, Connecticut, Cosmopolitan, Current, Dining, Downtown, Election, GLPI, Hard Rock International, Health, Hooters, Las Vegas Sands, Law enforcement, Louisiana, Massachusetts, Maverick Gaming, MGM Resorts International, Mohegan Sun, Nevada, North Las Vegas, Penn National, Planet Hollywood, Politics, Real Estate, Sheldon Adelson, Singapore, Station Casinos, The Rio, The Strip, Transportation, Tribal, Twin River, Virgin Hotels, Wall Street, Wynn Resorts
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“Extreme” pessimism in Las Vegas; The D pisses for safety
Writing off the 2Q20 results as “less than relevant,” JP Morgan analyst Joseph Greff was guardedly optimistic about Las Vegas Sands, even though management’s conference call “shed little light on the path of recovery in Macau SAR, Singapore or Las … Continue reading
History repeats itself, this time as farce
Caesars Entertainment is now Eldorado Resorts‘ bitch and, as Scott Roeben reports, there’s already reason to be concerned, starting with layoffs at Caesars Palace. New CEO Tom Reeg is apparently wasting no time sending employees to the firing squad. He … Continue reading
Colony Crapital strikes out again; Adelson nixes Mets
Bumbling CEO and key White House economic advisor Tom Barrack is doing what he does best … or most … failing miserably. Barrack, who disgraced the Las Vegas Hilton and sundry other casinos, is now in danger of losing 137 … Continue reading
Posted in Baseball, Charity, Colony Capital, Las Vegas Sands, New York, Sheldon Adelson, Wall Street
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True grit
Few things test our communal patience like Coronavirus. It’s endless, enervating, aggravating and, yes, scary. Even Yr. Humble Blogger’s nerves are getting a wee bit frazzled, especially after a near-miss here at home. It’s the worst U.S. health catastrophe since … Continue reading
Posted in Health, Nevada, Regulation, Sheldon Adelson
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Quote of the Day
“While my positive feelings for Japan are undiminished, and I believe the country would benefit from the business and leisure tourism generated by an integrated resort, the framework around the development of an IR has made our goals there unreachable. We … Continue reading
Posted in Japan, Las Vegas Sands, Regulation, Sheldon Adelson
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Adelson quits Japan; Caesars vague on relaunch
Las Vegas Sands CEO Sheldon Adelson has come through the Covid-19 crisis with two things most of us don’t have: A) a boatload of cash and B) a desire to acquire other businesses. The rumor mill says he has his … Continue reading
Churchill Downs curbs plans; Murren’s big payday
In its 1Q20 earnings call Churchill Downs announced some significant retrenchments. Although the company is comfortably liquid ($701 million in the kitty) it’s put four expansions on hold: Rivers Casino Des Plaines, an enlargement of Miami Valley Gaming, a $300 … Continue reading