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- David McKee on Sibella scandal spreads; Supremes forestall Seminoles
- Ray Lebowski on Sibella scandal spreads; Supremes forestall Seminoles
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Category Archives: Sports
Culinary booted from Boulder
We have obtained a memo on Boulder Station letterhead that reads, in part, “Yesterday [August 6] we learned that a majority of Culinary Team Members signed a petition saying they DO NOT wish to be represented by the Culinary Workers … 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
Sahara misbehavior; Tilman Time; Culinary caves to Big Gaming
Alex Meruelo has new troubles. He’s in deep fertilizer with the Nevada Gaming Control Board over safety violations at the Sahara. Meruelo’s facing a two-part disciplinary complaint. In one instance, the Sahara hosted a 153-person convention when state rules explicitly … Continue reading
Posted in Alex Meruelo, Caesars Entertainment, Cretins, Culinary Union, Donald Trump, Economy, Health, MGM Resorts International, Ohio, Politics, Real Estate, Regulation, Reno, Sahara, Sports, Station Casinos, Tilman Fertitta
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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
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
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
Caesars: Meet the new bosses; Graham grandstands
VitalVegas got its hands on Caesars Entertainment internal document bearing the grinning visage of COO Anthony Carano. It outlined a restructuring of the company’s top executive ranks into nine divisions headed by an overwhelmingly WASP-y, male cohort. (Soon to become … Continue reading
Casinos unleash Culinary’s wrath
Las Vegas‘ casino industry seems to be behaving counterintuitively, reopening casinos and hotels (Vdara is the latest) at a time when visitor demand is softening. JP Morgan analyst Joseph Greff reports today that, for the July 11-18 period, Clark County … Continue reading
Posted in Arizona, Caesars Entertainment, CityCenter, Cosmopolitan, Culinary Union, Economy, Eldorado Resorts, Florida, Health, Hooters, International, Iowa, Lake Tahoe, Las Vegas Sands, Louisiana, Macau, Mississippi, Missouri, Nevada, Paragon Gaming, Politics, Sports, Station Casinos, Wall Street, Westgate LV
2 Comments
Encore Boston reopens and other good news
“It put a big smile on my face,” customer Marcia Hamilton said of Encore Boston Harbor‘s reopening last Sunday. We’ll have to take the smile on faith because employees and customers alike are required to wear PPE masks. Still, Encore … Continue reading
Regional casinos outpace Las Vegas
JP Morgan analyst Joseph Greff has been keeping a watching brief on reopening trends at casinos around the country, mainly in Nevada, Louisiana, Mississippi, Missouri and Iowa. He reports that “average daily casino traffic across reopened regional casinos for the … Continue reading
Posted in Cosmopolitan, Dining, Economy, Health, Louisiana, Mississippi, Missouri, Nevada, Sports
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Upbeat at Churchill Downs
JP Morgan analysts met virtually with Churchill Downs brass, including CEO Bill Carstanjen. The news was good to great. First things first, the Kentucky Derby is expected to be run with spectators (CHDN execs are keeping an eye on what … Continue reading
Posted in Atlantic City, Churchill Downs, Dan Lee, Delaware, Dining, e-sports, Full House Resorts, Horseracing, Illinois, Kentucky, Macau, Maine, MGM Resorts International, Mississippi, Pennsylvania, Politics, Regulation, Rhode Island, Sports, Sports betting, Steven Witkoff, Taxes, The Strip, Twin River, Wall Street
1 Comment
Caesars slashes costs; Circa to open early
News out of Eldorado Resorts and Caesars Entertainment, where Tom Reeg is showing the whip hand, are good for investors, maybe not so much for customers. In a period in which revenue fell 21%, cash flow rose 16%, thanks in … Continue reading
‘Net bets carry Atlantic City; Clubs face crisis
Internet casinos are in New Jersey to stay. They grossed $86 million last month, their highest amount ever. That’s 135% more than a year ago. Golden Nugget was tops with $29 million, followed by Resorts Digital ($18 million) and Borgata … Continue reading
Posted in Atlantic City, Caesars Entertainment, Carl Icahn, Downtown, DraftKings, Economy, Entertainment, Florida, Golden Nugget, Health, Horseracing, International, Internet gambling, Las Vegas Sands, LVCVA, MGM Resorts International, Mississippi, Morris Bailey, New Jersey, New York, Ohio, Resorts World LV, Seminole Tribe, Sports, Sports betting, Steve Wynn, Taxes, The Strip, Tourism, Transportation, Wynn Resorts
2 Comments
‘Net casinos boom; Indiana sports books struggle
Here is the kind of story American Gaming Association President Bill Miller doesn’t want us to write. Costa Rica-based PayPerHead software provider is quantifying the upsurge in Internet gambling that took off with Covid-19. Not only did online casinos benefit … Continue reading
Posted in AGA, Boyd Gaming, Caesars Entertainment, DraftKings, FanDuel, Indiana, International, Internet gambling, Marketing, Penn National, Sports, Sports betting, Technology, Tourism, Transportation
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NBA odds sizzle; Stanley Ho’s revenge
While the expansion of the NBA playoff field to 22 teams fiddled with the odds, the favorites to win remain the same: the Los Angeles Clippers, Los Angeles Lakers and Milwaukee Bucks. The league’s plan is to resume play July … Continue reading
MGM changes mind on Aria; No appetite for deals?
Having told its entire Aria staff to look for new jobs, MGM Resorts International finds itself in the position of saying, “Never mind.” In an interview last weekend, CEO Bill Hornbuckle floated the possibility of reopening Aria by July 4, followed … Continue reading
Posted in Boyd Gaming, Caesars Entertainment, California, CityCenter, Conventions, Current, Derek Stevens, Dining, Downtown, Economy, Election, Entertainment, Hawaii, Health, Las Vegas Sands, Law enforcement, LVCVA, Marketing, Massachusetts, MGM Resorts International, Money laundering, Resort fees, Sahara, Singapore, Sports, Sports betting, Station Casinos, Terry Caudill, The Rio, The Strip, Tourism, Tribal, TV, Virginia, Wall Street
1 Comment
The Drew is through; Stevens’ green shoots
Would somebody please implode Fontainebleau already? It’s an eyesore, a civic embarrassment and a product for which demand does not exist. We perhaps should be saying “The Drew” but—per Scott Roeben‘s all-but-infallible VitalVegas, The Drew is in default, meaning that … Continue reading
New cop on the beat; Are we ready for some football?
There’s a new sheriff in town. Credit Suisse analyst Benjamin Chaiken made his debut today, issuing a sweeping series of reports, covering a number of tourism sectors. Let’s cut to the chase: “This is an unprecedented time for the sector, … Continue reading
Riverboat casino scuttled; Station: Palms not for sale
Chalk up Nevada‘s second casino casualty to the Coronavirus pandemic. The Colorado Belle in Laughlin terminated its 400 employees and said it would not be reopening when Gov. Steve Sisolak (D) gives the go-ahead for resumption of play, expected to … Continue reading