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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
- 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
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Category Archives: Sports betting
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
Mega-Jottings for a Monday
Churchill Downs got its second-worst-case scenario for the Kentucky Derby: The September 5 race will have to be held without spectators, a major economic blow to the Louisville area. At least the race will be run and undoubtedly garner much … Continue reading
Posted in Arizona, Atlantic City, Churchill Downs, Derek Stevens, Downtown, Economy, Entertainment, Environment, GLPI, Health, Horseracing, Internet gambling, Kentucky, Louisiana, Macau, MGM Resorts International, New Mexico, Penn National, Reno, Sigma Derby, Sports betting, The Strip, Tribal, Virgin Hotels
1 Comment
Baby steps in Massachusetts, leaps and bounds in Pennsylvania
Given that Plainridge Park didn’t reopen until July 8, and Encore Boston Harbor and MGM Springfield not for two more days after that, it’s wholly understandable that Massachusetts gambling revenue was down 44% last month. JP Morgan analyst Joseph Greff … Continue reading
Posted in Arizona, Boyd Gaming, Caesars Entertainment, DraftKings, El Cortez, FanDuel, Greenwood Racing, Internet gambling, Law enforcement, Massachusetts, Mohegan Sun, New Jersey, Penn National, Pennsylvania, Rush Street Gaming, Sports betting, Tribal, Wall Street, Westgate LV, Wynn Resorts
1 Comment
Covid tourism at Bally’s; College football conundrum
When Bally’s Las Vegas announced that the Real Bodies exhibit would be adding “Covid-19 Content” we admittedly feared the worst: corpses of Coronavirus victims on display. While cashing in on Covid-19 is in questionable taste, Real Bodies seems to be … Continue reading
Caesars postpones casino sale; D.C. sports betting bombs
One Caesars Entertainment casino of many on the Las Vegas Strip remains theoretically for sale … but put your checkbooks away for the time being. While new CEO Tom Reeg has to make good on his promise to realize hundreds … Continue reading
Storm warnings
Our beloved Postal Service has advised people (quietly) that it may not be able to continue as a going concern: “However, the Postal Service remains concerned that this measure will be insufficient to enable the Postal Service to withstand the … Continue reading
Posted in California, Colorado, Economy, Election, Entertainment, Health, Maryland, Sports betting, The Mob, Transportation, TV
3 Comments
The big enchilada
“The Biggest Gaming Opportunity Since Riverboats in the Early ’90s.” That’s how JP Morgan gaming analyst Joseph Greff, a man not given to hype, characterized i-gaming and sports betting today. He described them as “as an emerging and exciting area … Continue reading
Posted in Caesars Entertainment, California, Colorado, Cosmopolitan, DraftKings, FanDuel, Golden Nugget, Illinois, Indiana, Internet gambling, Iowa, Isle of Capri, Las Vegas Sands, MGM Resorts International, Michigan, MTR Gaming, Palms, Penn National, Regulation, Rush Street Gaming, Silverton, Sports betting, The Strip, Tropicana Entertainment, Wall Street, William Hill
2 Comments
Atlantic City impresses in July
It reopened in somewhat raggle-taggle fashion but Atlantic City is back and did rather better in July than Las Vegas in June (the last month for which we have data, see video below). Borgata made a very delayed re-entry into … Continue reading
Indiana, Missouri, Ohio rebound, Illinois not so much
It was back to business as almost normal in Indiana last month. The Hoosier State was only 5.5% 0ff its July 2019 pace, grossing $171 million. (They’ve been open since June 15.) The relative novelty of table games—$5 million—at Indiana … Continue reading
Maryland rebounds; Penn wows Wall Street; Trump to play Lucky Dragon
In a near-miraculous development, Maryland gambling revenues were only 6% off the pace last month. Between cabin fever and the belated delivery of those $1,200 stimulus checks, we’re not entirely surprised that Free State punters had both the desire and … Continue reading
Posted in Alabama, Arizona, Boyd Gaming, Caesars Entertainment, Churchill Downs, Cordish Co., Donald Trump, Election, Florida, Georgia, Golden Gaming, Health, Internet gambling, Lotteries, Lucky Dragon, Maryland, MGM Resorts International, Mississippi, Nevada, New Mexico, New York, North Carolina, Penn National, Pennsylvania, Racinos, Sports, Sports betting, Texas, The Strip, Tilman Fertitta, Tribal, TV, Wall Street, West Virginia
2 Comments
New hope for Station; Raider Nation exiled
Station Casinos reported second-quarter results yesterday and JP Morgan analyst Joseph Greff came away “encouraged” and “impressed.” He wrote of “less bad results in April and May and much better positive [cash flow] generation in June.” How so? In its … Continue reading
Cuomo stiff-arms casinos; MGM’s blame game
Tioga Downs owner Jeff Gural was able to get some face time with Global Gaming Business … which is more than he’s been able to do with New York State Gov. Andrew Cuomo (D), much to Gural’s chagrin. He’s chafing … Continue reading
Posted in Caesars Entertainment, Churchill Downs, Economy, Full House Resorts, Genting, Health, Illinois, Indiana, International, Kentucky, Las Vegas Sands, Massachusetts, MGM Resorts International, New York, Politics, Rush Street Gaming, Sports betting, The Strip, Tribal, Wynn Resorts
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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
Watching between the lines
MGM Resorts International CEO Bill Hornbuckle (rightly) brags on the company’s regional properties but subtly refrains from mentioning MGM Springfield. Is the groundwork being laid for a sale? We think so. Also, MGM Grand Detroit‘s long-awaited reopening comes Wednesday and … Continue reading
Posted in Detroit, Massachusetts, MGM Resorts International, Sports betting, TV
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MGM: The lion mews; AGA: Betrayal by Miller
Second-quarter results for MGM Resorts International are in and the company got hammered pretty badly. Las Vegas Strip revenues fell 90% to $151 million, regional operations dropped 90% to $89 million and Macao grossed a feeble $33 million, down 95%. … Continue reading
Posted in AGA, Boyd Gaming, Caesars Entertainment, Churchill Downs, CityCenter, Conventions, Cordish Co., Culinary Union, Downtown, Economy, Golden Nugget, Health, Horseracing, Illinois, Macau, Massachusetts, MGM Resorts International, Nevada, Ohio, Penn National, Pennsylvania, Racinos, Real Estate, Sahara, Sports betting, The Strip, Tribal, Wall Street
1 Comment
Churchill Downs, Boyd impress analysts
Churchill Downs‘ second quarter was “solid” (Daniel Politzer) to say the least. Revenue shot past Wall Street‘s consensus expectation of $132 million to ring the bell at $185 million. Credit goes to a 27% increase in Internet-gaming revenue, including $100 … Continue reading
Posted in Boyd Gaming, Churchill Downs, Downtown, Economy, FanDuel, Horseracing, Illinois, Internet gambling, Kentucky, Slot routes, Sports betting
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Paying the price: Sports after Covid-19
Guest opinion by Jeff Goldberg Of all of the industries affected by America’s COVID-19 pandemic, the sports sector was among the hardest hit. With the U.S. forced into lockdown, almost all sporting competitions were suspended and it’s only now that … Continue reading
Posted in Economy, Health, Sports, Sports betting, TV
3 Comments
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
It’s Coronavirus’ world, we just live in it
Some days it just doesn’t pay to be Oklahoma Gov. Kevin Stitt (R). He’s lost authority over the eastern half of the Sooner State. How? The U.S. Supreme Court—hardly a hotbed of bleeding-heart liberals—ruled that historical claims by the Muscogee … Continue reading
Posted in Arizona, Baseball, Caesars Entertainment, Economy, Election, Health, Internet gambling, Iowa, Marketing, Nebraska, Nevada, North Carolina, Oklahoma, Politics, Racinos, South Carolina, Sports betting, Taxes, Tribal
Comments Off on It’s Coronavirus’ world, we just live in it
Borgata’s new look
… and sundry other MGM Resorts International news. Go, Las Vegas Aces!
Posted in Atlantic City, Baseball, Health, MGM Resorts International, Sports, Sports betting
1 Comment