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Category Archives: Sports
Go to the Convention Center, get a test; Station faces tough recovery
In a win for the Culinary Union, a wide swath of Las Vegas casinos have agreed to test all their employees for Coronavirus before they reopen. University Medical Center, the Culinary Health Fund and the Las Vegas Convention Center are all … Continue reading
Good news from MGM, Mississippi; Musk stops boring
UPDATE: It’s official. MGM Resorts International says it is abandoning parking fees once the shutdown ends. We never thought it would happen so … hallelujah! Score one for the consumer. Mississippi casinos reopen Thursday and while the current pandemic may have … Continue reading
Posted in California, Charity, Dining, Economy, Georgia, Lotteries, LVCVA, M Resort, MGM Resorts International, Mississippi, Penn National, Resort fees, Sports, Taxes, Texas, Transportation, TV
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“Green shoots” in gaming; Mega-Jottings
According to the American Gaming Association, 82 of 989 casinos in the United States have reopened, many of them in Louisiana starting today. But don’t take our word for it. Use the AGA’s Coronavirus tracker, which keeps you abreast of casino … Continue reading
Posted in AGA, Alabama, Arizona, Arkansas, Atlantic City, Boyd Gaming, Caesars Entertainment, California, Conventions, Detroit, Dining, GLPI, Golden Nugget, Health, Illinois, Iowa, Louisiana, LVCVA, M Resort, Macau, Marketing, MGM Resorts International, Michigan, Mississippi, Missouri, Ohio, Oklahoma, Penn National, Politics, Resort fees, Singapore, South Dakota, Sports, Sports betting, Station Casinos, Taxes, The Strip, Tribal, Wynn Resorts
1 Comment
New York state of mind; Moody blues for Las Vegas
Like Massachusetts casinos, those in New York are not expected to reopen until July. Lago Resort & Casino General Manager Lance Young told journalist James Rutherford he’s monitoring reopening protocols as far away as Macao but has received no concrete … Continue reading
Posted in Economy, Health, Horseracing, Internet gambling, Lotteries, Maryland, MGM Resorts International, Michael Gaughan, Nevada, New York, Oklahoma, Penn National, Regulation, Rush Street Gaming, Sports, Sports betting, Taxes, Tribal, Wall Street
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Adelson quits Japan; Caesars vague on relaunch
Las Vegas Sands CEO Sheldon Adelson has come through the Covid-19 crisis with two things most of us don’t have: A) a boatload of cash and B) a desire to acquire other businesses. The rumor mill says he has his … Continue reading
MGM’s seven steps; Culinary throws tantrum
Add MGM Resorts International to the roster of Las Vegas companies announcing reopening protocols. (Earth to Caesars Entertainment, come in Caesars … ) The company calls it a “comprehensive, multi-layered approach resulting from months of consultations and guidance from public … Continue reading
Play ball!; Wall Street hearts casinos
Handwaving questions about maintaining player safety and how to recompense their employees, Major League Baseball rolled out a plan for belatedly starting the 2020 season around the traditional All-Star Break. The owners are not without their priorities: The sacred Designated … Continue reading
Posted in Arizona, Baseball, Caesars Entertainment, Economy, Entertainment, Health, Japan, Las Vegas Raiders, Resort fees, Sports, The Strip, Tribal, Wall Street
3 Comments
Boston buoys Wynn, Penn leans on Barstool
Wynn Resorts was one of three biggies to report 1Q20 results late last week and the Las Vegas Strip was the least of its problems. Wynn Las Vegas and Encore had net revenue of $324 million, down 19% from last … Continue reading
Posted in Atlantic City, Caesars Entertainment, CityCenter, DraftKings, Economy, FanDuel, Florida, Golden Gaming, history, Illinois, Indiana, Internet gambling, Las Vegas Sands, Macau, Maine, Marketing, Maryland, Massachusetts, MGM Resorts International, Penn National, Pennsylvania, Slot routes, Sports, Sports betting, Taxes, The Strip, Tourism, Wall Street, Wynn Resorts
3 Comments
Creative responses to a crisis
Leave it to Derek Stevens to find a way to literally drive sports-betting business in Downtown. Starting this morning, Circa Sports began taking curbside sports bets at the Golden Gate. You pull up, flash your cash (or plastic) and a … Continue reading
Goodman batshit crazy; Detroit puts casinos on ‘hold’
Could we be seeing the last of Las Vegas Mayor Carolyn Goodman (I), and her ‘every man for himself and devil take the hindmost’ approach to Coronavirus? Poker pro Doug Polk has begun a recall petition drive to try and … Continue reading
Posted in Caesars Entertainment, Detroit, Dining, Downtown, Eldorado Resorts, Health, Michigan, Politics, Sports, Tilman Fertitta, Tribal, Wall Street
3 Comments
Colorado sports betting a hit; REIT bides its time
Sports betting came out of the gate strong in Colorado. One of the surprises was the amount of handle on the Los Angeles Lakers. Said DraftKings odds guru Johnny Avello, “One of the things I did find interesting was the Lakers … Continue reading
Posted in Baseball, Boyd Gaming, Colorado, DraftKings, e-sports, Eldorado Resorts, FanDuel, GLPI, Health, Horseracing, Illinois, Louisiana, Maryland, Mesquite, Pinnacle Entertainment, Sports, Sports betting, Wall Street
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Maddox gets ants in his pants; Sports start to stir
As part of the Business Roundtable at the White House, CEO Matt Maddox got to stump for Wynn Resorts‘ mid-pandemic reopening protocol. Maddox said that (amazingly) University Medical Center facilities “don’t have enough people to test. So I’ve signed a deal … Continue reading
Posted in Alex Meruelo, Caesars Entertainment, Culinary Union, Economy, GLPI, Health, Reno, South Korea, Sports, Stanley Ho, The Strip, Wynn Resorts
2 Comments
Fauci on sports; Churchill Downs “on track”
Bad news, sports bettors. Given the absence of widespread testing for Coronavirus, Dr. Anthony Fauci is backpedaling on his projections that professional sports could resume this year. (As Fauci has said elsewhere, a model is just a model; when you … Continue reading
Posted in Australia, Baseball, Churchill Downs, Crown Resorts, Economy, GameCO, Health, International, Internet gambling, Kentucky, Lawrence Ho, Lotteries, Marijuana, Massachusetts, Melco Resorts & Entertainment, Missouri, Nevada, Pennsylvania, Regulation, Scientific Games, Sports, Technology, Wall Street, Wynn Resorts
2 Comments
Rescue for small casinos; Stitt makes a deal (or two)
If at first you don’t succeed, Bill Miller, try, try again. Persistence for the American Gaming Association prexy paid off with a new set of Small Business Administration rules for Paycheck Protection Program loans that include all business that receive … Continue reading
Posted in AGA, Cantor Gaming, Economy, Las Vegas Sands, Lotteries, Mattress Mack, Oklahoma, Pets, Sports, Sports betting, Texas, The Strip, Tilman Fertitta, Tourism, Transportation, Tribal
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Sands shakes off doldrums; MGM sitting pretty
Las Vegas Sands posted a Covid-19 impacted 1Q20. Room rates nudged upward year/year from $263 to $266, at 87% occupancy, resulting in a decline in revenue per available room from $249 to $199. Sands was modestly down at the tables, … Continue reading
Gambling in the time of Coronavirus
Editor’s note: This roundtable was originally conducted for Casino Life magazine. For reasons unrelated to content, it was ‘put in turnaround,’ as they say in Hollywood. Rather than waste a perfectly good exchange between gaming executive Yaniv Sherman and sportswriter … Continue reading
Posted in Boyd Gaming, California, Conventions, DraftKings, e-sports, FanDuel, Health, Horseracing, Illinois, International, Internet gambling, Michigan, Missouri, New Jersey, Pennsylvania, Sports, Sports betting
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Quote of the Day
“No doubt there is a fair amount of angst [among owners] because at the end of the day they’re like everyone else in the United States, Canada, who is dealing with a shelter-at-home protocol. I think they’re more frustrated around the … Continue reading
Northam covets slot tax; CEO suddenly out at Foxwoods
In Gov. Ralph Northam‘s Virginia there are two inevitabilities: death from Coronavirus and taxation of black-market slot routes. Northam wants to legitimize the devices (their unsanitary properties notwithstanding) in order to collect taxes off them. He rationalizes the move by … Continue reading
Posted in e-sports, Economy, Foxwoods, Health, International, Internet gambling, Politics, Problem gambling, Resorts World LV, Slot routes, Sports, Sports betting, Taxes, The Strip, Virginia, William Hill
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Internet saves Atlantic City; Hope for sports bettors
On March 16, both Atlantic City and Detroit closed their casinos, but the Boardwalk had it somewhat worse, down 62% in the truncated month. (The numbers suggest that visitation may have been tailing off prior to the shutdown.) Atlantic City … Continue reading
Posted in AGA, Atlantic City, Caesars Entertainment, Detroit, DraftKings, Eldorado Resorts, FanDuel, Hard Rock International, Health, Internet gambling, Massachusetts, MGM Resorts International, Mohegan Sun, New Jersey, Ocean Resort, Penn National, Sports, Sports betting, Tilman Fertitta, Tribal, Wynn Resorts
1 Comment
“Scary” times for casinos; Hotel rates swoon
Donald Trump wants to reopen America for business May 1, come hell or high water. Former Atlantic City casino executive Robert Ambrose acknowledges that “going past 30 days [quarantine] is scary for the entire industry.” According to Ambrose, it ought … Continue reading