Category Archives: Sports betting

Doing the right thing

Posted on October 16, 2018 by David McKee

Bravo to Hard Rock International and Seminole Gaming for stepping up to partner with Clean the World (which was covered in this space last week) to help victims of Hurricane Michael. According to CasinoBeats.com, “An immediate donation of 30,000 containers … Continue reading →

Posted in Atlantic City, Caesars Entertainment, Charity, Cretins, Dining, Eldorado Resorts, Environment, Florida, Hard Rock International, Internet gambling, MGM Resorts International, Nevada, New Jersey, Racinos, Seminole Tribe, Sports betting, The Strip | Comments Off on Doing the right thing

Punishing month in Atlantic City

Posted on October 15, 2018 by David McKee

Gross-gaming revenues (not counting Internet play) were up 8% in Atlantic City last month, to $232 million. However, the prosperity wasn’t citywide, with same-store revenues down 11%. We’re still a long way from agreeing with Roger Gros‘ doom-and-gloom-and-doom prediction that two … Continue reading →

Posted in Atlantic City, Boyd Gaming, Bruce Deifik, Caesars Entertainment, Dan Gilbert, Detroit, Eldorado Resorts, Genting, Greenwood Racing, Hard Rock International, International, Internet gambling, Las Vegas Sands, MGM Resorts International, Mohegan Sun, Nevada, New York, Penn National, Pennsylvania, Pinnacle Entertainment, Rush Street Gaming, Sports betting, Tilman Fertitta, Wall Street | 1 Comment

Churchill Downs stands pat; Borgata honored at G2E

Posted on October 11, 2018 by David McKee

JP Morgan analyst Daniel Politzer met with top execs from Churchill Downs and found a company pretty satisfied with where it is now. It “has yet to see any cracks in fundamentals at its regional casino properties or among its … Continue reading →

Posted in Atlantic City, Boyd Gaming, Churchill Downs, Entertainment, history, MGM Resorts International, Mohegan Sun, Racinos, South Korea, Sports betting, Tribal | Comments Off on Churchill Downs stands pat; Borgata honored at G2E

Follow that puck!; Connecticut casino nixed

Posted on October 2, 2018 by David McKee

$216 million. That’s how much sports betting will be worth to the NHL, according to the American Gaming Association‘s Sara Slane. The new revenue will be achieved “as a result of spending from betting operators on advertising, data and sponsorship … Continue reading →

Posted in AGA, Economy, Foxwoods, Full House Resorts, Greenwood Racing, Indiana, International, Internet gambling, Kentucky, Macau, Massachusetts, Melco Resorts & Entertainment, MGM Resorts International, Oregon, Pennsylvania, Regulation, Reno, Rush Street Gaming, Sports, Sports betting, Transportation | Comments Off on Follow that puck!; Connecticut casino nixed

Congress: Listen to the ladies (it’s not what you think)

Posted on October 1, 2018 by David McKee

We predicted a kangaroo court for sports betting on Capitol Hill last week and our fears were confirmed when influential Rep. James Sensenbrenner opined that “We’re going to be in for huge amounts of trouble in the future.” Nothing like stacking … Continue reading →

Posted in AGA, Economy, G2E, Internet gambling, Law enforcement, Macau, Marketing, Massachusetts, MGM Resorts International, Movies, Politics, Regulation, Sheldon Adelson, Sports, Sports betting, Steve Wynn, Technology, The Strip, Wynn Resorts | Comments Off on Congress: Listen to the ladies (it’s not what you think)

Federal sports-betting regulation bombs

Posted on September 28, 2018 by David McKee

At least one woman was treated with respect yesterday on Capitol Hill and that was the American Gaming Association‘s Sara Slane. We reviewed her prepared testimony yesterday. “Because of the active, robust state and regulatory tribal gaming oversight, gaming is one … Continue reading →

Posted in AGA, Current, Economy, Law enforcement, Mandalay Bay Massacre, MGM Resorts International, Nevada, Politics, Regulation, Sports betting, The Strip | Comments Off on Federal sports-betting regulation bombs

Culinary, Stevens clash; House lumps sports betting with terrorism

Posted on September 27, 2018 by David McKee

Labor contracts with the Culinary Union have long since expired but three casinos continue to hold out. Phil Ruffin‘s Treasure Island is one but there’s been no animus from the Culinary on that front. Where Derek Stevens is concerned it’s … Continue reading →

Posted in AGA, Architecture, California, Culinary Union, Derek Stevens, Dining, Downtown, Georgia, Law enforcement, Politics, Regulation, Sports betting, Tribal | 1 Comment

FanDuel goes “George”; So long, Lucky Dragon

Posted on September 24, 2018 by David McKee

While the week is young, it hardly seems premature to hail FanDuel as our “George of the Week” after it agreed to honor erroneously generated 750-1 odds on the outcome of yesterday’s Denver Broncos/Oakland Raiders tilt. (Hey, Las Vegas, how … Continue reading →

Posted in Lucky Dragon, Marketing, New Jersey, Resort fees, Sports, Sports betting | Comments Off on FanDuel goes “George”; So long, Lucky Dragon

Boyd captures Valley Forge; An historic first at the Plaza

Posted on September 19, 2018 by David McKee

Boyd Gaming is officially in the Pennsylvania market, having closed its $280.5 million purchase of Valley Forge Casino Resort. The company now gets to grapple for a piece of the crowded Philadelphia market. And don’t think Harrah’s Philadelphia won’t tout … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, Charity, Dan Gilbert, Downtown, Greenwood Racing, Internet gambling, Iowa, Las Vegas Sands, Marketing, Massachusetts, Nebraska, Penn National, Pennsylvania, Sports betting, Tamares Group, Technology, Tribal, Wynn Resorts | 2 Comments

Suicide squeeze in Macao; Is Atlantic City ready for some football?

Posted on September 12, 2018 by David McKee

Most of Macao‘s casinos are playing a game of chicken with the local government, daring it to enforce its smoking ban. Only 12 of 47 casinos have installed smoking lounges. Personally, I wouldn’t want to get on the wrong side … Continue reading →

Posted in Caesars Entertainment, Environment, Hard Rock International, Harrah's, International, Internet gambling, Kentucky, Macau, Melco Resorts & Entertainment, New Jersey, Oklahoma, Politics, Problem gambling, Regulation, Sociedade de Jogos de Macau, Sports, Sports betting, Texas, Tribal, Virginia | 1 Comment

Project First Light dims; Once and future Horseshoe?

Posted on September 11, 2018 by David McKee

After much hemming and hawing, the Trump administration finally came down off the fence on the Mashpee Wampanoag‘s Project First Light casino, saying it couldn’t see a way forward to taking the land into trust for gaming purposes. U.S. District Court … Continue reading →

Posted in AGA, Baseball, Boyd Gaming, Caesars Entertainment, Dan Gilbert, Detroit, DFS, Dining, Eldorado Resorts, Genting, Kentucky, Massachusetts, Movies, Ohio, Penn National, Politics, Regulation, Rhode Island, Sports, Sports betting, The Strip, Tribal | Comments Off on Project First Light dims; Once and future Horseshoe?

State of D-nile; Red-tag sale at Caesars

Posted on September 5, 2018 by David McKee

Xstal Campbell, a former dancing barmaid at The D, will be testifying before the Nevada Gaming Control Board today, along with other, unidentified casino workers. The subject will be sexual harassment. Ms. Campbell, who also will try her case before … Continue reading →

Posted in AGA, Caesars Entertainment, Culinary Union, Derek Stevens, Downtown, Economy, Marketing, Regulation, Sexual misconduct, Sports, Sports betting, The Strip, Wall Street | Comments Off on State of D-nile; Red-tag sale at Caesars

Titanic exhibit in peril; It’s Greek to them

Posted on September 4, 2018 by David McKee

Luxor‘s display of Titanic relics has hit an iceberg in the form of a bankruptcy court auction against owner Premier Exhibitions. It’s likely the collection will be kept intact, not dispersed to the four winds, although the latter might be … Continue reading →

Posted in Australia, Caesars Entertainment, Downtown, Hard Rock International, history, International, Las Vegas Sands, Marijuana, Melco Resorts & Entertainment, MGM Resorts International, Mohegan Sun, Movies, Penn National, Regulation, Sports betting, Taxes, The Strip, TV, Wall Street, West Virginia | Comments Off on Titanic exhibit in peril; It’s Greek to them

Swarming the sports books; The curious case of Stonewall Park

Posted on September 4, 2018 by David McKee

In a development that is sure to be followed with interest by sports book operators, predictive system Swarm AI outdid human oddsmakers in a trial run. During a 20-week slice of the NHL season, Swarm AI correctly predicted the outcome … Continue reading →

Posted in history, Macau, MGM Resorts International, Mississippi, Nevada, Regulation, Reno, Sports betting, Technology, Tilman Fertitta, Wall Street | Comments Off on Swarming the sports books; The curious case of Stonewall Park

A lonely July; Schumer would put leagues in charge

Posted on August 31, 2018 by David McKee

A clearer picture of the Las Vegas Strip in July is emerging, as visitation was 3.5% lower, dragging room revenue down 7.5% with it. Yes, the house got beaten badly at baccarat, but other factors were at work in the … Continue reading →

Posted in Atlantic City, Economy, Foxwoods, Internet gambling, Massachusetts, MGM Resorts International, Mohegan Sun, Oklahoma, Penn National, Politics, Sports, Sports betting, The Strip, Tilman Fertitta, Tribal | Comments Off on A lonely July; Schumer would put leagues in charge

Disappointment on the Strip; Playing politics with sports betting

Posted on August 30, 2018 by David McKee

Ten years. That’s how long it’s been since a brand-new resort has opened on the Las Vegas Strip. Looking to break that dry spell, Genting Group has recommitted itself to a 4Q20 opening of Resorts World Las Vegas. Commenting on … Continue reading →

Posted in Dining, Economy, Genting, Politics, Regulation, Sports betting, The Strip, Wall Street | Comments Off on Disappointment on the Strip; Playing politics with sports betting

Quote of the Day

Posted on August 28, 2018 by David McKee

“Basically, you’ve been called into the principal’s office three times, and each time, it’s maybe a little bit different but a lot of it is repeat issues. And you’ve been given the opportunity to make the business right, and that … Continue reading →

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

Hatch slammed by AGA; Drinking the Kool-Aid

Posted on August 27, 2018 by David McKee

Orrin Hatch (R) is on his way out of the U.S. Senate but not without being a buttinski along the way. His last legislative initiative, it appears, will be to push for federal regulation of sports betting. His concern is … Continue reading →

Posted in AGA, Atlantic City, Bruce Deifik, Economy, MGM Resorts International, Nevada, Politics, Sports betting | 1 Comment

Quote of the Day

Posted on August 27, 2018 by David McKee

“As usual, we’re going to be two years behind everyone else … In our quest to be No. 50 in everything, here’s another one.” — Louisiana state Sen. Danny Martiny (R) on the Bayou State’s failure to legalize sports betting.

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

Quote of the Day

Posted on August 23, 2018 by David McKee

“NV casinos weren’t originally in sports betting, with bets taken at small standalone books called ‘turf clubs’ – some of which were speculated to earn $2mm of weekly profits … In 1949! ” — Credit Suisse gaming analyst Cameron McKnight.

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