Category Archives: Sports betting

Slow news day

Posted on November 21, 2018 by David McKee

Effects of MGM Springfield on Connecticut tribal casinos are starting to show. To view the glass as half-empty, slot revenues at Mohegan Sun were down 17.5% last month and 15.5% lower at Foxwoods Resort Casino. The glass-half-full perspective is that … Continue reading →

Posted in Atlantic City, Connecticut, Foxwoods, Internet gambling, Massachusetts, MGM Resorts International, Mohegan Sun, Regulation, Sexual misconduct, Sports betting, Steve Wynn, Technology, Wynn Resorts | Comments Off on Slow news day

Trop defies Atlantic City odds; Massachusetts underachieves

Posted on November 16, 2018 by David McKee

October was good for Atlantic City‘s new casinos, with the overall market up 8%, but bad for the incumbents, down 11.5%. Terrestrial gambling win totaled $200.5 million, with mixed messages all over the place. Slot win was up 5% but … Continue reading →

Posted in Atlantic City, Australia, Boyd Gaming, Bruce Deifik, Caesars Entertainment, Charity, Churchill Downs, Connecticut, Dan Gilbert, Detroit, Eldorado Resorts, Georgia, GLPI, Greenwood Racing, Hard Rock International, International, Internet gambling, Isle of Capri, Las Vegas Sands, Louisiana, Massachusetts, MGM Resorts International, Mohegan Sun, New Jersey, Penn National, Rush Street Gaming, Scientific Games, Sports, Sports betting, Tilman Fertitta, Tropicana Entertainment, Wall Street | 2 Comments

Sports betting a ‘go’ in Rhode Island; Reefer gladness in Vegas

Posted on November 16, 2018 by David McKee

Getting a leg up on Massachusetts, casinos in Rhode Island will start taking sports bets in a week or so. Workers are putting the finishing touches on Twin River Casino‘s new sports book. Tiverton Casino Hotel will follow at some … Continue reading →

Posted in Baseball, Caesars Entertainment, Dining, Election, International, Marijuana, Massachusetts, New Hampshire, Pets, Rhode Island, Sheldon Adelson, Sports, Sports betting, Taxes, The Strip, TV | Comments Off on Sports betting a ‘go’ in Rhode Island; Reefer gladness in Vegas

Caesars hailed; Macao’s future questioned

Posted on November 15, 2018 by David McKee

Credit Suisse analyst Cameron McKnight hosted three (!) days of investor meetings with Caesars Entertainment and came away giving the company a rave review. “Management’s tone was very good, and long-only interest was high … We think CZR’s business is … Continue reading →

Posted in Arkansas, Caesars Entertainment, Economy, Horseracing, Japan, Kentucky, Macau, Mandalay Bay Massacre, New Hampshire, Politics, Racinos, Regulation, Sheldon Adelson, Sociedade de Jogos de Macau, Sports betting, The Strip, Tourism, Transportation, Wall Street | Comments Off on Caesars hailed; Macao’s future questioned

CG Technology in peril; Big first for New Mexico

Posted on November 14, 2018 by David McKee

GC Technology (formerly Cantor Gaming) hopes it can mollify the wrath of the Nevada Gaming Control Board with a $1.75 million settlement offer. CG is a repeat offender in the Silver State, which means that all options are on the table, … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, Cantor Gaming, Cosmopolitan, Dining, Hard Rock Hotel, Internet gambling, Las Vegas Sands, M Resort, MGM Resorts International, Mississippi, New Mexico, Palms, Penn National, Problem gambling, Regulation, Sports, Sports betting, Station Casinos, The Strip, Tribal | Comments Off on CG Technology in peril; Big first for New Mexico

Greektown sold; Resorts World Catskills gets cash infusion

Posted on November 14, 2018 by David McKee

Due to its presence in the Detroit market as operator of Caesars Windsor, it’s not possible for Caesars Entertainment to own a casino in Motown. But nobody said anything about its REIT, Vici Properties. The latter is teaming with Penn National Gaming … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, California, Dan Gilbert, Detroit, Eldorado Resorts, Election, Genting, Internet gambling, Massachusetts, Mohegan Sun, New Jersey, New York, Penn National, Pennsylvania, Pinnacle Entertainment, Regulation, Sheldon Adelson, Sports betting, Steve Wynn, Wynn Resorts | Comments Off on Greektown sold; Resorts World Catskills gets cash infusion

Election Postmortem: Who won, who lost

Posted on November 13, 2018 by David McKee

Election Night seems far behind us but its meaning for gaming is still sinking in, as in Arkansas, where sports betting has also been approved. In addition, two Oklahoma-based tribal entities are likely to feel entitled to the casinos green-lit … Continue reading →

Posted in Animals, Arkansas, Caesars Entertainment, Culinary Union, DFS, Election, Entertainment, Florida, history, Idaho, Illinois, Las Vegas Sands, Louisiana, MGM Resorts International, Oklahoma, Politics, Seminole Tribe, Slot routes, Sports, Sports betting, Station Casinos, Taxes, Tribal | Comments Off on Election Postmortem: Who won, who lost

Quote of the Day

Posted on November 13, 2018 by David McKee

“It’s a shame that we can’t derive some revenue off the Alabama vs. LSU game.” — Louisiana state Sen. Ronnie Johns (R), on the Leglislature’s failure to approve sports betting.

Posted in Alabama, Louisiana, Politics, Sports, Sports betting | Comments Off on Quote of the Day

Election Special: Winners and losers

Posted on November 7, 2018 by David McKee

In a victory for the state of Arkansas, voters approved casinos in four locations across the state, 54% to 46%, a convincing mandate by any measure, and a big win for a variety of pro-casino companies that included Warner Gaming and Delaware North. … Continue reading →

Posted in Arkansas, Caesars Entertainment, Culinary Union, DFS, Election, Florida, Georgia, Harry Reid, International, Marijuana, MGM Resorts International, Nevada, Pennsylvania, Politics, Racinos, Seminole Tribe, Sheldon Adelson, Sports, Sports betting, Virginia, Warner Gaming, Wisconsin | Comments Off on Election Special: Winners and losers

Sports books get thumped; National Harbor rules

Posted on November 6, 2018 by David McKee

Nevada sports books are reeling from an NFL Week 9 that stands to see them lose as little as $7 million and as much as $10 million. Bettors, meanwhile, are crying all the way to the bank. Among the games … Continue reading →

Posted in Arkansas, Atlantic City, Boyd Gaming, Caesars Entertainment, Churchill Hill, Cordish Co., Election, Golden Gaming, Hard Rock International, Maryland, MGM Resorts International, Mississippi, Nevada, New Jersey, Penn National, Regulation, Sports, Sports betting, Station Casinos, Taxes, Warner Gaming | 1 Comment

Churchill Downs makes a run for the roses

Posted on November 5, 2018 by David McKee

JP Morgan commentator Daniel Politzer got the red-carpet treatment at Churchill Downs, in Louisville. He came away impressed. Churchill Downs is expanding on several fronts. Its Illinois purchase of a majority stake in Rivers Casino will cost CHDN a pretty … Continue reading →

Posted in Churchill Downs, Florida, Illinois, Indiana, Japan, Kentucky, Marketing, Racinos, South Korea, Sports betting, Wall Street | Comments Off on Churchill Downs makes a run for the roses

The merger of mergers?; Hooters up for grabs

Posted on November 5, 2018 by David McKee

This morning Credit Suisse analyst Cameron McKnight reported that MGM Resorts International is “possibly” looking into a buyout of Caesars Entertainment, news that is certain to have a salutary effect on the latter’s stock price. What should be of more … Continue reading →

Posted in Caesars Entertainment, California, Hooters, Internet gambling, Las Vegas Sands, Maryland, MGM Mirage, New Jersey, Penn National, Pennsylvania, Pinnacle Entertainment, Sports, Sports betting, The Strip, Tribal, Wall Street, Wynn Resorts | 3 Comments

Promising horizon for Penn; Frissora exiting Caesars

Posted on November 2, 2018 by David McKee

Penn National Gaming came in from 3Q18 below Wall Street‘s expectations but JP Morgan analyst Joseph Greff defends the company, citing high expectations of free cash flow in 2019 (12%) and 2020 (20%), even after capex reinvestments. The addition of … Continue reading →

Posted in Atlantic City, Caesars Entertainment, Centaur Gaming, Dan Gilbert, Economy, Illinois, Lucky Dragon, Macau, Marketing, Massachusetts, Mississippi, Ohio, Pennsylvania, Sports betting, Tilman Fertitta, Wall Street, West Virginia | Comments Off on Promising horizon for Penn; Frissora exiting Caesars

MGM: The lion meows; Nevada sets sports-betting record

Posted on October 31, 2018 by David McKee

“Good quarter against low expectations” pretty well summarizes Wall Street‘s reaction to MGM Resorts International‘s 3Q18. (And we have to say that MGM leadership did a masterly job of minimizing anticipation well ahead of time.) JP Morgan analyst Joseph Greff admitted … Continue reading →

Posted in Economy, IGT, International, Macau, Mandalay Bay Massacre, Maryland, Massachusetts, MGM Resorts International, Nevada, Sports betting, The Strip, Wall Street | Comments Off on MGM: The lion meows; Nevada sets sports-betting record

DFS wins one, loses one

Posted on October 30, 2018 by David McKee

FanDuel and DraftKings are in trouble in New York again. While holding that they didn’t violate state penal law, acting Supreme Court Justice Gerald Connolly split the baby by ruling DFS unconstitutional, a big victory for anti-gambling groups that had brought … Continue reading →

Posted in DFS, Indiana, International, Internet gambling, Law enforcement, MGM Resorts International, New York, Penn National, Resort fees, Sports, Sports betting, The Strip | Comments Off on DFS wins one, loses one

Massachusetts’ fate tied to Wynn’s

Posted on October 29, 2018 by David McKee

There’s light at the end of Wynn Resorts‘ tunnel in Massachusetts. Trouble is, it won’t arrive until December and it will take the form of an investigative report, nearly a year in the making, from the Massachusetts Gaming Commission (postponed … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, Cordish Co., Greenwood Racing, Harrah's, history, International, Iowa, Massachusetts, MGM Resorts International, Nebraska, Pennsylvania, Pinnacle Entertainment, Regulation, Sexual misconduct, Sports, Sports betting, Steve Wynn, Tribal, William Hill, Wynn Resorts | Comments Off on Massachusetts’ fate tied to Wynn’s

Quote of the Day

Posted on October 29, 2018 by David McKee

“If God truly loves drunks and fools, he had to find several of the wagering discussions at G2E to be His greatest glory.” — former casino executive and regulator Richard Schuetz on the sudden bumper crop of sports-betting ‘experts’ at … Continue reading →

Posted in G2E, Sports betting | Comments Off on Quote of the Day

Adelson eats Wynn’s lunch; Thumbs up for Boyd

Posted on October 26, 2018 by David McKee

Credit Suisse analyst Cameron McKnight reports that Sands China is stealing Macao market share from Wynn Resorts. Renovated VIP rooms at Sands properties are credited with the shift in business. Also, Sands “stated that while its very confident of [concession] … Continue reading →

Posted in Atlantic City, Boyd Gaming, Caesars Entertainment, Downtown, Economy, Eldorado Resorts, Hard Rock International, Hawaii, Las Vegas Sands, Macau, Pennsylvania, Pinnacle Entertainment, Sports, Sports betting, Tamares Group, Tourism, Transportation, Wall Street, William Hill, Wynn Resorts | 1 Comment

Hard Rock, Trop push for sports books; Sands Bethlehem slammed at the tables

Posted on October 22, 2018 by David McKee

Atlantic City is getting caught up with customers’ fever for sports betting. Both the Hard Rock Atlantic City and Tropicana have applied for licensure of their sports books. Both are outsourcing the operation of the books. The Trop is going … Continue reading →

Posted in Atlantic City, Bruce Deifik, Caesars Entertainment, Charity, Connecticut, e-sports, Eldorado Resorts, Foxwoods, Genting, Greenwood Racing, Hard Rock International, Internet gambling, Las Vegas Sands, Macau, MGM Resorts International, Mohegan Sun, Pennsylvania, Politics, Regulation, Sports betting, Taxes | Comments Off on Hard Rock, Trop push for sports books; Sands Bethlehem slammed at the tables

Illinois tries, tries again; I, robot

Posted on October 18, 2018 by David McKee

Here we go again. Illinois solons will once more take up the question of casino expansion in the Land of Lincoln. However, other and more pressing gambling concerns may take priority. In addition to Internet gambling there is the quick … Continue reading →

Posted in AGA, Caesars Entertainment, Culinary Union, DFS, Economy, GLPI, Illinois, International, Internet gambling, Lawrence Ho, MGM Resorts International, Politics, Racinos, Regulation, Sports betting, Taxes, Technology, Wynn Resorts | Comments Off on Illinois tries, tries again; I, robot