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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
Trop flipped; Arizona, Maryland join sports-betting club
The Gaming & Leisure Properties Inc. regime at Tropicana Las Vegas was (as planned) a short-lived one. GLPI just announced that it has flipped the Trop to Bally’s Corp., which evidently couldn’t wait one minute longer to get onto the … Continue reading
Posted in Arizona, Atlantic City, Bally, Caesars Entertainment, Canada, Colorado, Delaware, Downtown, DraftKings, Entertainment, FanDuel, Foxwoods, GLPI, Golden Nugget, Illinois, Indiana, Iowa, Japan, Las Vegas Sands, Marketing, Maryland, MGM Resorts International, Mohegan Sun, Nevada, Penn National, Politics, Regulation, Sports, Sports betting, Tribal, Wall Street, William Hill
1 Comment
Virginia sports betting debuts large; ‘CSI’ back in Vegas
Virginia has now had two full months of sports betting and February handle was an impressive $266 million—not quite the explosion that Michigan was but still noteworthy as the second-biggest debut in U.S. history. Reacted PlayUSA analyst Dustin Gouker, “The … Continue reading
Posted in Dining, DraftKings, Entertainment, FanDuel, Full House Resorts, Genting, Health, Indiana, Law enforcement, Massachusetts, MGM Resorts International, Mississippi, North Carolina, Philippines, Problem gambling, Regulation, Resorts World LV, Rush Street Gaming, Sports, Sports betting, Taxes, Tribal, TV, Virgin Hotels, Virginia, William Hill, Wynn Resorts
2 Comments
Caesars Saints?; Mattress Mack returns
Don’t like the misshapen circles which now represent Caesars Entertainment? Well, get used to them, especially if you’re a New Orleans Saints fan. The casino giant is dickering with the Mercedes-Benz Superdome for naming rights, although Saints and New Orleans … Continue reading
Posted in Animals, Bally, Caesars Entertainment, Canada, Colorado, DraftKings, Florida, Golden Nugget, Hard Rock International, Illinois, Louisiana, Mattress Mack, Politics, Scientific Games, Sheldon Adelson, Sports, Sports betting, Taxes, Technology, Texas, The Strip, Tourism, Tribal, TV, Virginia, Wisconsin, Wyoming
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Circa picketed; Sundry green shoots in Vegas; Sports book busted
If you cruise by Circa, you’re liable to see members of Teamsters Local 986 walking a picket line on behalf of the ‘Circa Seven,’ a group of unfortunate warehouse workers. The seven were employed by Derek Stevens‘ Three Corners company, … Continue reading
Posted in Atlantic City, Bally, Caesars Entertainment, Cordish Co., Derek Stevens, Dining, Downtown, Economy, Florida, Golden Nugget, Las Vegas Sands, MGM Resorts International, Mohegan Sun, Money laundering, Ocean Resort, Regulation, Seminole Tribe, Sports, Sports betting, Tennessee, The Strip, TV, Virgin Hotels, Virginia, Wynn Resorts
2 Comments
Trop sale teased; Michigan sports betting explosive
Gaming & Leisure Properties Inc. hosted JP Morgan analysts last week and tried to get them all hot and bothered with talk of a Tropicana Las Vegas sale. It said it felt one would happen sooner, not later, adding that … Continue reading
Posted in Caesars Entertainment, Churchill Downs, Detroit, DraftKings, FanDuel, FoxBet, Genting, GLPI, Health, Internet gambling, Las Vegas Sands, MGM Resorts International, Michigan, Nevada, New Jersey, Penn National, Pennsylvania, PointsBet, Politics, Real Estate, Rush Street Gaming, Sports, Sports betting, The Strip, Tribal, Wall Street, William Hill, Wynn Resorts
6 Comments
Maryland: More gamblers = more money; Illinois improving
What will prompt recovery in gaming? Stimulus money, yes, but we got a strong indicator of something else out of Maryland last weekend. Overall, casino revenues were down 16.5% but the story is more complicated than that. At facilities restricted … Continue reading
Posted in AGA, Australia, Bally, Boyd Gaming, Caesars Entertainment, Canada, Churchill Downs, Connecticut, Cordish Co., Crown Resorts, DraftKings, FanDuel, Foxwoods, Golden Gaming, Illinois, Internet gambling, Iowa, Maryland, MGM Resorts International, Mohegan Sun, Penn National, Problem gambling, Sports, Sports betting, TV, Wall Street, West Virginia, William Hill
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Hope in the Roman Empire; DraftKings rules
Although it tried to flash Wall Street some ankle yesterday, Caesars Entertainment’s 4Q20 numbers failed to surprise analysts. In a reverse image of the rest of the industry, better-than-expected cash flow on the Strip (cost-cutting?) was “more than offset” by … Continue reading
Posted in Caesars Entertainment, California, China, Colorado, Conventions, DraftKings, Economy, Health, Illinois, Internet gambling, Louisiana, Macau, Marketing, Melco Resorts & Entertainment, Movies, Real Estate, Sports, Sports betting, Tamares Group, Taxes, The Strip, Tourism, Wall Street
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Vegas locals strong, Strip stinks; Economic boom foreseen
Even with $600 extra in their pockets, gamblers could not be lured back to the Las Vegas Strip last month. Strip revenues of $321.5 million represented a 44% implosion from 2020. Statewide, the falloff was 26.5% to $762 million. Once … Continue reading
Posted in AGA, Atlantic City, Boulder Strip, Caesars Entertainment, Carl Icahn, Churchill Downs, Cordish Co., Derek Stevens, Dining, Downtown, Economy, Election, Health, history, Horseracing, Illinois, International, Kentucky, Lake Tahoe, Laughlin, Maryland, Mesquite, MGM Resorts International, Nevada, North Las Vegas, Pennsylvania, Reno, Security, Sports, Sports betting, Tennessee, The Strip, Tourism, Transportation, Wall Street, Wendover
3 Comments
Louisiana better than it looks; Covid checkmates brothels
Casinos in the Pelican State were off 10% in January. However, when one adjusts the numbers to account for the permanent closure of Diamond Jacks in Shreveport and the all-but-permanent shutdown of Isle Grand Palais on Lake Charles, gaming revenues … Continue reading
Boyd better than expected; Marching through Georgia
Boyd Gaming leaked January data, what Wall Street calls “offered an encouraging commentary,” to help put an upbeat spin on its 4Q20 numbers. It worked like a charm. JP Morgan analyst Joseph Greff moved his price target up $8 to … Continue reading
Posted in Alabama, Boulder Strip, Boyd Gaming, Cretins, Downtown, Economy, Entertainment, FanDuel, Florida, Foxwoods, Georgia, Hawaii, Health, Illinois, Lotteries, MGM Resorts International, Nevada, Pennsylvania, Politics, Resort fees, South Carolina, Sports, Sports betting, The Strip, Tony Hsieh, Tourism, Virgin Hotels, Wall Street
3 Comments
Wynn surprises few; Maryland stabilizes, Iowa impresses
It’s earnings-report time for Wynn Resorts and JP Morgan analyst, Joseph Greff, for one, is feeling blasé about the numbers. “Overall, we’d characterize the quarter as in line with investors’ recent expectations, and its earnings conference call outlook commentary as … Continue reading
Posted in Boyd Gaming, Caesars Entertainment, California, China, Churchill Downs, Cordish Co., Dining, DraftKings, Entertainment, FanDuel, Golden Gaming, Health, International, Internet gambling, Iowa, Las Vegas Sands, Macau, Marketing, Maryland, Massachusetts, MGM Resorts International, Michigan, Penn National, Pennsylvania, Rush Street Gaming, Sports, The Strip, Wall Street, West Virginia, William Hill, Wynn Resorts
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Case Bets
More than 23 million Americans are expected to bet legally or otherwise on the Super Bowl, according to the American Gaming Association, which predicts $4.3 billion in handle. 7.5 million punters will be doing their wagering online, 63% more than … Continue reading
Posted in AGA, Bally, Caesars Entertainment, Cordish Co., DFS, Diversity, DraftKings, Economy, FanDuel, history, Illinois, International, Las Vegas Sands, Macau, MGM Resorts International, Pennsylvania, PointsBet, Problem gambling, Real Estate, Rush Street Gaming, Sports, Sports betting, Steve Wynn, The Strip
3 Comments