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- Atlantic City rebounds; Sibella dumped; NFL suspicions
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- David McKee on You can’t fix stupid; Good-bad news on the bayou
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- 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
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Category Archives: Sports betting
Chicago dog-and-pony show; Raiders get punted by Covid
All three developers jockeying for a Chicago casino trotted out their proposals Thursday “replete with soaring promises of economic jolts, job creation and jackpots for the city’s future casino tax revenue coffers, which are earmarked for its depleted police and … Continue reading
Everybody wins in Massachusetts; Makeover for The Mirage
Massachusetts casinos bagged $88 million last month, a 12% boost over 2019. Encore Boston Harbor, predictably, was way, way out in front with $55 million, up 16.5%. Win was fairly even divided between slots ($30 million) and tables ($25 million), … Continue reading
Posted in Atlantic City, Australia, Cirque du Soleil, Cosmopolitan, Crown Resorts, Downtown, DraftKings, Election, Failsinos, FanDuel, Florida, Hard Rock International, Health, Marketing, Massachusetts, MGM Resorts International, New York, Penn National, Regulation, Seminole Tribe, Sports betting, Station Casinos, The Strip, Wall Street, Wynn Resorts
1 Comment
Mirage sold; Big win for Las Vegas; Bluhm, Reinsdorf clash in Chicago
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
MGM enjoys reversal of fate; From the police blotter; Raiders sunk
How the wheel of fortune has turned for MGM Resorts International. Where Macao was once the grand prize among its casino trophies, it is now an albatross around the company’s neck, provoking a guarded outlook from Fitch Ratings. But MGM’s … Continue reading
Posted in Atlantic City, Caesars Entertainment, China, Cordish Co., Cretins, Delaware, GLPI, Health, International, Las Vegas Raiders, Law enforcement, Louisiana, Macau, Maryland, MGM Resorts International, New York, North Las Vegas, Peninsula Pacific, Politics, Real Estate, Sports, Sports betting, Taxes, Texas, The Strip, Tilman Fertitta, Tribal, Unite-Here, Wall Street, Wynn Resorts
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Cordish cashes in; Scare tactics in Atlantic City; Illinois slumps
Succumbing to the siren song of REITmania, Cordish Gaming has sold the real estate of three of its casinos to Gaming & Leisure Properties Inc. for a grand total of $1.8 billion. The affected casinos are Philadelphia Live, Pittsburgh Live … Continue reading
Posted in Atlantic City, Bally, Boyd Gaming, Caesars Entertainment, Chicago, Churchill Downs, Cordish Co., DraftKings, GLPI, Golden Nugget, Hard Rock International, Illinois, Indiana, Louisiana, Maryland, Missouri, Ohio, Penn National, Pennsylvania, Politics, Real Estate, Sports betting, Taxes, The Strip, Wall Street
2 Comments
Special Edition: Rumblings from around Big Gaming
Update: The Seminole Tribe has finally, grudgingly stopped taking sports bets, effective yesterday. At the risk of using the Seminole Tribe as a punching bag, we have to observe that it clearly doesn’t understanding the meaning of the word “no,” … Continue reading
Posted in AGA, Bally, Baseball, Caesars Entertainment, Conventions, Cordish Co., Cosmopolitan, DraftKings, Health, IGT, Law enforcement, Macau, Marketing, MGM Mirage, MGM Resorts International, Penn National, Pennsylvania, Real Estate, Regulation, Scientific Games, Seminole Tribe, Sports betting, The Strip
2 Comments
Mega-Jottings
Hollywood Morgantown will open Dec. 22, just in time to capture a share of end-of-year business. The $111 million Penn National Gaming facility will feature 750 slots, 30 table games and cashless betting … The Seminole Tribe continues to offer … Continue reading
Seminoles to feds: “F*** off”; Strip casinos drive down employment
In a big “up yours” to the federal judiciary, the Seminole Tribe—after momentarily pausing—has resumed taking sports bets and is effectively daring the courts to do something about it. If that weren’t nervy enough, the Seminoles have asked Judge Dabney … Continue reading
Encore owns Massachusetts; Online slot players hosed
Massachusetts gaming revenue accelerated to $96 million last month, 23% higher than 2019. Encore Boston Harbor vaulted 37% to $63 million—yes, two-thirds of the statewide gross and well above Deutsche Bank‘s forecast of $55 million. Despite Wynn Resorts‘ dominance, Plainridge … Continue reading
Posted in Boyd Gaming, Caesars Entertainment, Churchill Downs, Cretins, Detroit, Economy, FanDuel, Hard Rock International, Illinois, Iowa, Law enforcement, Massachusetts, MGM Resorts International, Nebraska, Neil Bluhm, New Jersey, North Carolina, Peninsula Pacific, Penn National, Pennsylvania, Racinos, Regulation, Sports, Sports betting, Tribal, TV, Virginia, Wall Street, Wynn Resorts
1 Comment
DraftKings talks big, persuades few; Rancor in Richmond
DraftKings divided analysts with its 3Q21 earnings report. Credit Suisse pundit Ben Chaiken said the company was “moving the ball down the field.” That’s despite revenues of $212 million that well undershot Wall Street‘s expected $238 million, rather like a … Continue reading
Posted in AGA, Arizona, Baseball, Canada, Delaware, Donald Trump, DraftKings, Election, Golden Nugget, Health, history, Internet gambling, James Packer, Louisiana, Marketing, Maryland, New York, North Carolina, Politics, Sheldon Adelson, Sports, Sports betting, Texas, Tribal, TV, Virginia, Wall Street
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MGM to sell Mirage; Caesars disappoints Wall Street
At a time when the north Las Vegas Strip is finally heating up, MGM Resorts International has chosen this moment to put The Mirage on the market. Although it’s 32 years old (224 in dog years), The Mirage should fetch … Continue reading
Posted in BetMGM, Boyd Gaming, Conventions, Cosmopolitan, Economy, Election, Hard Rock International, Health, Internet gambling, Jim Murren, Lake Tahoe, Louisiana, Macau, Marketing, MGM Resorts International, New Jersey, New York, Palms, Penn National, Phil Ruffin, Planet Hollywood, San Manuel Band of Mission Indians, Sports betting, The Strip, Vici Properties, Wall Street
2 Comments