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- Ray Lebowski on Sibella scandal spreads; Supremes forestall Seminoles
- 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
Mirage sold; Big win for Las Vegas; Bluhm, Reinsdorf clash in Chicago
In a billion-dollar coup, MGM Resorts International has sold the operations of The Mirage to Hard Rock International, a huge markup on Steve Wynn‘s 1989 creation—and Hard Rock isn’t even getting the underlying land! All this for 17X EBITDA, an … Continue reading
Posted in Architecture, Caesars Entertainment, Chicago, Cordish Co., Downtown, DraftKings, Economy, Hard Rock International, Health, Japan, MGM Resorts International, Mohegan Sun, New Jersey, Pennsylvania, Planet Hollywood, Politics, Rush Street Gaming, Scott Butera, Sports, Sports betting, Station Casinos, Steve Wynn, The Strip, TV, Virgin Hotels
4 Comments
MGM enjoys reversal of fate; From the police blotter; Raiders sunk
How the wheel of fortune has turned for MGM Resorts International. Where Macao was once the grand prize among its casino trophies, it is now an albatross around the company’s neck, provoking a guarded outlook from Fitch Ratings. But MGM’s … Continue reading
Posted in Atlantic City, Caesars Entertainment, China, Cordish Co., Cretins, Delaware, GLPI, Health, International, Las Vegas Raiders, Law enforcement, Louisiana, Macau, Maryland, MGM Resorts International, New York, North Las Vegas, Peninsula Pacific, Politics, Real Estate, Sports, Sports betting, Taxes, Texas, The Strip, Tilman Fertitta, Tribal, Unite-Here, Wall Street, Wynn Resorts
Comments Off on MGM enjoys reversal of fate; From the police blotter; Raiders sunk
MGM resurgent in Maryland; More Mega-Jottings
November was another terrific month for Maryland casinos, as revenues picked up a bit from October, accumulating 14% more than in November 2019.. (If inflation is so bad, where do Marylanders find all this money with which to gamble, one … Continue reading
Posted in Architecture, Atlantic City, Australia, Caesars Entertainment, California, Churchill Downs, Cordish Co., Crown Resorts, Economy, Election, Entertainment, Florida, Golden Gaming, Hard Rock International, Japan, Las Vegas Raiders, Las Vegas Sands, Louisiana, Macau, Maryland, MGM Resorts International, Mohegan Sun, Movies, Nevada, Penn National, Planet Hollywood, San Manuel Band of Mission Indians, South Korea, Sports, The Rio, The Strip, Virgin Hotels, Virginia, West Virginia, World Series of Poker, Wynn Resorts
4 Comments
Seminole compact nixed: Biden, DeSantis, Seminoles all lose
Floridians, we hope you enjoyed sports betting for all of the three weeks in which it was legal in the Sunshine State. Why? Because last night a federal judge struck down the Seminole Tribe‘s new compact with Gov. Ron DeSantis … Continue reading
Posted in Arizona, Australia, Chicago, Connecticut, Crown Resorts, DraftKings, Election, FanDuel, Florida, Hard Rock International, Law enforcement, Massachusetts, MGM Resorts International, Michigan, Nevada, New York, Penn National, Politics, Regulation, Rush Street Gaming, Seminole Tribe, Sports, Station Casinos, Taxes, Transportation, Tribal
1 Comment
Encore owns Massachusetts; Online slot players hosed
Massachusetts gaming revenue accelerated to $96 million last month, 23% higher than 2019. Encore Boston Harbor vaulted 37% to $63 million—yes, two-thirds of the statewide gross and well above Deutsche Bank‘s forecast of $55 million. Despite Wynn Resorts‘ dominance, Plainridge … Continue reading
Posted in Boyd Gaming, Caesars Entertainment, Churchill Downs, Cretins, Detroit, Economy, FanDuel, Hard Rock International, Illinois, Iowa, Law enforcement, Massachusetts, MGM Resorts International, Nebraska, Neil Bluhm, New Jersey, North Carolina, Peninsula Pacific, Penn National, Pennsylvania, Racinos, Regulation, Sports, Sports betting, Tribal, TV, Virginia, Wall Street, Wynn Resorts
1 Comment
DraftKings talks big, persuades few; Rancor in Richmond
DraftKings divided analysts with its 3Q21 earnings report. Credit Suisse pundit Ben Chaiken said the company was “moving the ball down the field.” That’s despite revenues of $212 million that well undershot Wall Street‘s expected $238 million, rather like a … Continue reading
Posted in AGA, Arizona, Baseball, Canada, Delaware, Donald Trump, DraftKings, Election, Golden Nugget, Health, history, Internet gambling, James Packer, Louisiana, Marketing, Maryland, New York, North Carolina, Politics, Sheldon Adelson, Sports, Sports betting, Texas, Tribal, TV, Virginia, Wall Street
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Urban One loses; Station thinks big; NFL gets into the slot biz
Richmond voters narrowly chose to cut off their nose to spite their face, voting 51.5% against the Urban One casino proposal. Since casinos were approved by at least 65% in four other Virginia cities in 2020, the resounding question is … Continue reading
Posted in Aristocrat, Caesars Entertainment, California, Dining, DraftKings, Election, Florida, Hard Rock International, Health, International, Iowa, Las Vegas Raiders, Las Vegas Sands, Law enforcement, MGM Resorts International, Michael Gaughan, Mississippi, New Hampshire, New Jersey, Ohio, Palms, Politics, Real Estate, Resorts World LV, Seminole Tribe, Sports, Sports betting, Station Casinos, Taxes, Technology, Transportation, Tribal, Virginia, Wall Street, Washington State
6 Comments
DraftKings, MGM play chicken, MGM wins; Highway robbery in N.Y.
As we’ve written elsewhere, this was supposed to be The Year of Sports Betting … before the Covid-19 Delta variant reared its ugly head (and that was before Coronavirus knocked us out of Global Gaming Expo). But sports betting could … Continue reading
Posted in Alaska, Bally, DraftKings, Economy, Georgia, Illinois, Indiana, Las Vegas Sands, Louisiana, MGM Resorts International, New York, Politics, Slot routes, Sports, Sports betting, Steve Wynn, Taxes, The Strip, Tribal, Wall Street
1 Comment
Disaster at Ocean; Ready when you are, CB; Gruden gone
In a development that portends nothing but ill for Atlantic City, the CEO of Ocean Casino Resort, Terry Glebocki has resigned. She also leaves the Casino Association of New Jersey rudderless, no doubt to be replaced in both roles by … Continue reading
Business comeback fuels Strip; Massachusetts fumbles sports betting
Las Vegas Strip room rates continue to demonstrate sustained strength through October and, get this, midweek traffic is driving the bus. Overall, weekday prices are up 22% versus 17% on weekends. MGM Resorts International is the pace car, +24% midweek … Continue reading
Posted in Caesars Entertainment, California, Card rooms, Connecticut, Derek Stevens, Economy, Fontainebleau, Health, IGT, International, Japan, Las Vegas Raiders, Las Vegas Sands, Macau, Massachusetts, MGM Resorts International, Mohegan Sun, Politics, Resorts World LV, Singapore, Sports, Sports betting, Taxes, The Strip, Tribal, Wall Street, Wynn Resorts
1 Comment
Strip sizzles in August
Casinos on the Las Vegas Strip grossed $626 million last month, 20% better than August 2019. Statewide, the jump was 22% to $1.65 billion but the real overachievers were locals casinos, leaping 41% (to $250 million) with a little help … Continue reading
Posted in Atlantic City, Boulder Strip, Century Casinos, Cretins, Dining, Downtown, G2E, Genting, Hard Rock International, Health, history, Indiana, International, Lake Tahoe, Laughlin, Macau, MGM Resorts International, Missouri, North Las Vegas, Palms, Reno, Sports, Sports betting, Technology, The Strip, Transportation, Tribal, Wendover
5 Comments
And the winner is …
The NFL‘s rationing policy regarding sports book ads worked like a charm in Week One, allowing for a variety of content without blanketing the airwaves. Of the ones we saw, Caesars Sports Book took the palm for creativity. As for … Continue reading
Posted in Caesars Entertainment, DraftKings, Marketing, Sports, Sports betting, TV
Comments Off on And the winner is …