Category Archives: Sports betting

Butler rips Lamont; Tribe supplicates Trump

Posted on March 9, 2020 by David McKee

Sports betting could die in Connecticut, thanks to a stalemate between Gov. Ned Lamont (D, pictured) and the state’s gaming tribes. Speaking for the latter, Mashantucket Pequot Chairman Rodney Butler accused the governor of a “take-it-or-leave-it” negotiating stance. Butler and … Continue reading →

Posted in Caesars Entertainment, Churchill Downs, Connecticut, Donald Trump, DraftKings, FanDuel, Foxwoods, Genting, IGT, Illinois, International, Kentucky, Konami, Las Vegas Sands, Law enforcement, Lotteries, Louisiana, Massachusetts, MGM Resorts International, New York, Politics, Rhode Island, Sports betting, Technology, Tribal, Wynn Resorts | 2 Comments

Panic in The Street, Vegas calmer

Posted on March 9, 2020 by David McKee

A stock market “circuit breaker” was deployed for the first time since the crash of 2008, when Wall Street opened for trading and stocks promptly nosedived. All major casino stocks are trading down, especially Wynn Resorts, Eldorado Resorts and Station Casinos. … Continue reading →

Posted in Caesars Entertainment, China, Conventions, Diversity, Eldorado Resorts, Health, IGT, International, Macau, MGM Resorts International, Oregon, Philippines, Sports betting, Station Casinos, The Strip, Tribal, Wall Street, William Hill, Wynn Resorts | Comments Off on Panic in The Street, Vegas calmer

Stitt plays games; Georgia weighs sports betting

Posted on March 6, 2020 by David McKee

Ignoring a court order, voluble Oklahoma Gov. Kevin Stitt (R) decided to negotiate through the media again. Instead of dickering with the Sooner State’s tribes over revenue sharing (which he’s supposed to be doing), Stitt threatened to bring private casinos into … Continue reading →

Posted in Connecticut, Cretins, Georgia, Health, International, Oklahoma, Politics, Sports, Sports betting, Taxes, Tourism, Tribal | Comments Off on Stitt plays games; Georgia weighs sports betting

Caudill casinos recovering; Slick Rick strikes again

Posted on March 4, 2020 by David McKee

It now appears that Terry Caudill‘s two casinos were the victim of a “ransomware” hack that crippled the slot floor, among other debilities. It wrecked last weekend’s business and “scattered outages” were still seen as of Monday. The Nevada Gaming … Continue reading →

Posted in Churchill Downs, Downtown, Economy, Health, Illinois, International, Japan, Maverick Gaming, Nevada, Oregon, Penn National, Regulation, Slot routes, Sports betting, Technology, Terry Caudill, Tribal, Washington State | 1 Comment

Dream on (really); Golden gets downgrade

Posted on March 2, 2020 by David McKee

Dream on the south Las Vegas Strip is looking more like reality, Shopoff Real Estate Investments having purchased the requisite 5.25 acres. The exact location will be at the Strip at Russell Road, just south of Mandalay Bay. Calling the … Continue reading →

Posted in Conventions, Economy, Golden Gaming, Horseracing, Kansas, Las Vegas Raiders, Lotteries, Phil Ruffin, Politics, Problem gambling, Sports betting, Station Casinos, Taxes, The Strip, Wall Street | Comments Off on Dream on (really); Golden gets downgrade

Bank rides to Churchill Downs’ rescue; Las Vegas healthy

Posted on March 2, 2020 by David McKee

Last week Churchill Downs posted perfectly good 4Q19 numbers but Wall Street wasn’t buying it. CHDN shares slumped 14%. That prompted some weekend damage control from JP Morgan, which bumped its rating up from “neutral” to “overweight,” and sent analyst … Continue reading →

Posted in Caesars Entertainment, China, Conventions, Donald Trump, Economy, Eldorado Resorts, Health, history, Horseracing, Illinois, Indiana, International, Kentucky, Marketing, Problem gambling, Regulation, Rhode Island, Slot routes, Sports, Sports betting, The Strip, Tourism, Transportation, Tribal, Wall Street, Washington State, William Hill, Wynn Resorts | Comments Off on Bank rides to Churchill Downs’ rescue; Las Vegas healthy

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

Quote of the Day

Posted on March 2, 2020 by David McKee

“I go to the coffee shop and hear it from my people. They don’t want to go to Jersey. They don’t want to get in their car, or jump on the train and go to Jersey. They want to stay … Continue reading →

Posted in New Jersey, New York, Politics, Sports betting | Comments Off on Quote of the Day

Caution at Churchill Downs doesn’t impress Wall Street

Posted on February 28, 2020 by David McKee

Churchill Downs‘ stock reacted adversely to a cautious 4Q19 revenue report, as investors worried about the impact of coronavirus on the running of the Kentucky Derby, slated for May 2. JP Morgan analyst Joseph Greff, although one of those staying … Continue reading →

Posted in Arizona, Caesars Entertainment, Canada, Churchill Downs, Dining, Health, Horseracing, Illinois, International, Internet gambling, Kentucky, Macau, Money laundering, Regulation, Resort fees, Scientific Games, Slot routes, Sports betting, Taxes, The Mob, The Strip, Virginia, Wall Street, William Hill | Comments Off on Caution at Churchill Downs doesn’t impress Wall Street

Massachusetts tries, tries again; Eldorado underperforms

Posted on February 27, 2020 by David McKee

In what can be viewed either as a victory for democracy or simply passing the buck, Massachusetts regulators opened the door to public comments on whether to approve a casino for the southeastern corner of the Bay State. The Massachusetts … Continue reading →

Posted in AGA, Caesars Entertainment, Donald Trump, Economy, Eldorado Resorts, Genting, Health, Las Vegas Sands, Macau, Massachusetts, Maverick Gaming, Neil Bluhm, Pennsylvania, Politics, Regulation, Slot routes, Sports betting, Tourism, Tribal, Vietnam, Washington State | Comments Off on Massachusetts tries, tries again; Eldorado underperforms

Reeg savages Caesars; Catskills rescue plan

Posted on February 24, 2020 by David McKee

Having rashly committed $500 million in reinvestments to the Louisiana market (he’ll have to build whole new casinos to spend that much), Eldorado Resorts CEO Tom Reeg has to make those forfeited savings back somewhere. Potential sales of Caesars Entertainment‘s … Continue reading →

Posted in Alaska, Animals, Caesars Entertainment, Conventions, Donald Trump, Economy, Eldorado Resorts, Election, Entertainment, Foxwoods, Genting, Internet gambling, Japan, Las Vegas Sands, Lotteries, Louisiana, Marketing, Massachusetts, New Jersey, New York, Planet Hollywood, Resorts World LV, Sexual misconduct, Sports betting, The Rio, The Strip | 1 Comment

“Empty gesture” in Macao; Big deals for Scientific, Hill

Posted on February 24, 2020 by David McKee

Casinos may have reopened in Macao but coronavirus cannot be so easily wished away. Fears of its spread hit U.S. stock markets hard, with the Dow Jones tumbling 840 points, ceding all 2020 gains. Overseas bourses are taking it hard, too, … Continue reading →

Posted in Alabama, Arizona, Atlantic City, China, Culinary Union, Economy, Election, Galaxy Entertainment, Genting, Health, International, Internet gambling, Las Vegas Sands, Macau, Melco Resorts & Entertainment, MGM Resorts International, Michigan, Mississippi, Nevada, New Jersey, Oklahoma, Pennsylvania, Scientific Games, Singapore, Sociedade de Jogos de Macau, Sports, Sports betting, Taxes, Tilman Fertitta, Tourism, Tribal, Wall Street, William Hill, Wynn Resorts | Comments Off on “Empty gesture” in Macao; Big deals for Scientific, Hill

Saturation hits Connecticut; Culinary waffles on Sanders

Posted on February 21, 2020 by David McKee

So much for Tribal Winds, the satellite casino that was going to counteract MGM Springfield. Its backers are cutting the proposed $300 million investment by one-third. On the plus side, this could be read as a way of saying the … Continue reading →

Posted in China, Colorado, Connecticut, Culinary Union, Donald Trump, DraftKings, Economy, Election, Environment, Foxwoods, Harry Reid, Health, history, Macau, Massachusetts, MGM Resorts International, Mohegan Sun, Pennsylvania, Politics, Sheldon Adelson, Sports, Sports betting, Steve Wynn, Technology | Comments Off on Saturation hits Connecticut; Culinary waffles on Sanders

Odds favor Bloomberg; Hilton returns to Vegas

Posted on February 20, 2020 by David McKee

As Saturday’s Nevada caucus nears, South Point oddsmaker Jimmy Vaccaro is boldly going where none of his colleagues have gone before, posting presidential odds. We’ll break them down by category. Vaccaro has Sen. Bernie Sanders (I), as expected, winning Nevada … Continue reading →

Posted in Baseball, China, Connecticut, Cretins, Culinary Union, Election, International, Internet gambling, Kentucky, Las Vegas Sands, Law enforcement, Macau, Maryland, Massachusetts, Mattress Mack, MGM Resorts International, Nevada, New Hampshire, Politics, Resorts World LV, Sahara, Scientific Games, Sports betting, Taxes, Technology, The Strip | 1 Comment

Wynn dominates Massachusetts; Scientific disappoints

Posted on February 19, 2020 by David McKee

Massachusetts casinos raked in $80 million last month, 60% of that—or $48.5 million—at Encore Boston Harbor. Holding onto a 26% share was MGM Springfield, grossing $20.5 million, while Plainridge Park won $11 million. That was a 10.5% decline for the … Continue reading →

Posted in Arizona, Baseball, Economy, Internet gambling, Japan, Massachusetts, Maverick Gaming, MGM Resorts International, Oklahoma, Penn National, Scientific Games, Sports betting, Taxes, The Strip, Tribal, Wall Street, Washington State, Wynn Resorts | Comments Off on Wynn dominates Massachusetts; Scientific disappoints

Crime pays; Dream-ing big

Posted on February 19, 2020 by David McKee

Donald Trump granted executive clemency to four convicted criminals, three of whom had—surprise!—casino connections. Steve Wynn‘s money man Michael Milken benefited from the support not of the tainted Wynn but of Sheldon Adelson. (Mirage Resorts was financed with junk bonds, … Continue reading →

Posted in Alaska, Architecture, Caesars Entertainment, Dining, Downtown, Health, International, Las Vegas Raiders, Law enforcement, Lotteries, Louisiana, Macau, Massachusetts, North Las Vegas, Oklahoma, Reno, Sheldon Adelson, Sports betting, Steve Wynn, The Strip, Transportation, Tribal, Virgin Hotels | 1 Comment

Encore gets real; Atlantic City on impressive streak

Posted on February 17, 2020 by David McKee

According to the Boston Globe, a “sense of reality” in sinking in at Encore Boston Harbor that it has to appeal to somebody besides high-income demographics. “This shift was evident recently when a bright-red taco truck appeared on the gambling … Continue reading →

Posted in Atlantic City, Canada, Dining, Georgia, Illinois, Internet gambling, Marketing, Massachusetts, MGM Resorts International, Real Estate, Regulation, Sports betting, Steve Wynn, Taxes, The Mob, Wynn Resorts | Comments Off on Encore gets real; Atlantic City on impressive streak

Mutiny at MGM?; The art of the presidential deal

Posted on February 17, 2020 by David McKee

Global Gaming Business sources say MGM Resorts International CEO Jim Murren “was forced out by activist investors who had gathered enough support from institutional investors for his ouster.” The reason is not clear, as Murren had been doing everything possible … Continue reading →

Posted in Atlantic City, CityCenter, Donald Trump, Galaxy Entertainment, Genting, Hard Rock International, Health, International, Internet gambling, Japan, Macau, Massachusetts, Melco Resorts & Entertainment, Regulation, Resort fees, Sports betting, Technology, The Strip, TV, Virginia, Wall Street, William Hill, Wynn Resorts | 1 Comment

Election special

Posted on February 15, 2020 by David McKee

Such is the Culinary Union‘s clout that Nevada Sen. Jacky Rosen (D, left), Sen. Catherine Cortez Masto (D) and Rep. Susie Lee (D) will also be casting their caucus ballots at Culinary-sponsored events, staggered across today through Tuesday. On Wednesday, … Continue reading →

Posted in China, Culinary Union, Election, Health, history, International, Internet gambling, Japan, Macau, Massachusetts, Maverick Gaming, MGM Resorts International, Nevada, Palms, Politics, Regulation, Sports betting, Steve Wynn, Technology, The Strip, Washington State, Wynn Resorts | 1 Comment

MGM’s past distinguished, future cloudy; Broken Winds

Posted on February 14, 2020 by David McKee

Yesterday, while noting MGM Resorts International CEO Jim Murren‘s impending departure, we were remiss in noting some of his accomplishments. On Murren’s 2008-20 watch, the company became synonymous with diversity, environmentalism, LEED certification and community outreach. With becoming modesty, Murren … Continue reading →

Posted in Caesars Entertainment, Charity, Churchill Downs, Connecticut, Dining, Diversity, Eldorado Resorts, Environment, Foxwoods, Japan, Kentucky, Macau, Marijuana, Maverick Gaming, MGM Resorts International, Mohegan Sun, Penn National, Pennsylvania, Racinos, Regulation, Sports betting, Tribal, Wall Street, Washington State, Wynn Resorts | 1 Comment