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- Atlantic City rebounds; Sibella dumped; NFL suspicions
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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
- David McKee on MGM crippled; Illinois & Indiana report; Bally’s shaky in Chi
- Paul Shanahan on MGM crippled; Illinois & Indiana report; Bally’s shaky in Chi
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Category Archives: Station Casinos
Station accentuates positives; Wynn gets richer, Adelson poorer
Do Station Casinos execs really want to double their footprint in seven years? Yesterday they reported flat 3Q22 revenues of $414.5 million, all but $3 million of which were Vegas-derived, unwittingly highlighting the company’s exposure to a single market. Company … Continue reading
Posted in Bally, Boulder Strip, Caesars Entertainment, California, Charity, Downtown, e-sports, Economy, Election, Galaxy Entertainment, Hard Rock International, International, Internet gambling, James Packer, Las Vegas Sands, Louisiana, Macau, MGM Resorts International, New Jersey, Pansy Ho, Real Estate, Sports betting, Station Casinos, Steve Wynn, The Strip, Wall Street, World Series of Poker, Wynn Resorts
1 Comment
Strip still booming, locals flat; Gambling with democracy
Nevada scored yet another $1 billion-plus month in September, up 8% from 2021. As you might expect, the Las Vegas Strip drove the big gain, booking $693 million in win, up 8%. Strip slot revenue was $409.5 million, a 17.5% … Continue reading
Vegas scores own-goal; Housing slowdown begs casino growth
In their rush to book a Formula One racing event, Las Vegas city fathers have intentionally or otherwise conducted a 20,000-person human sacrifice in the form of a forfeited convention. Congratulations, Sin City, you’ve just lost the 2023 NAR NXT, … Continue reading
Atlantic City update; G2E convenes; Penn upgrades
Happy Indigenous Peoples Day, especially to our tribal readers. We’re spending it nursing a nasty case of strep throat and distantly following Global Gaming Expo, which convenes today at the newly expanded Las Vegas Convention Center. This year’s G2E, like … Continue reading
Posted in Atlantic City, Australia, Bally, BetMGM, Caesars Entertainment, Culinary Union, Dan Lee, Dining, DraftKings, FanDuel, G2E, Genting, GLPI, Golden Nugget, Health, Illinois, Kazuo Okada, Law enforcement, M Resort, Macau, MGM Resorts International, New York, Ocean Resort, Ohio, Penn National, Philippines, PointsBet, Regulation, Rush Street Gaming, Sports betting, Star Entertainment, Station Casinos, Taxes, Technology, Tilman Fertitta, Wall Street, Wynn Resorts
1 Comment
Station goes off its meds; Hochul names casino pickers
Richard Schuetz writes today that “the reality of casino company board rooms is that they are overwhelmed with way too much testosterone.” That certainly seems to be the case at Station Casinos, which has announced seven projects to be executed … Continue reading
On the radio
What do Station Casinos, the Tropicana Las Vegas, Bally’s Corp. and the economy of the Las Vegas Strip have in common? They’re all subjects of discussion in my Friday appearance on KNPR-FM‘s State of Nevada. You can read about or … Continue reading
Posted in Bally, Current, Station Casinos, The Strip
1 Comment
Voyage to Vegas, Part Two
Today we conclude our review of Deutsche Bank analyst Carlo Santarelli‘s recent field trip to Las Vegas. We resume with Station Casinos, which seems to be accelerating its development timetable. Once it gets Durango Station up and running, it will … Continue reading
Posted in Australia, Bally, Baseball, Caesars Entertainment, California, Canada, Economy, Golden Gaming, Las Vegas Sands, Laughlin, Macau, Maryland, Maverick Gaming, Melco Resorts & Entertainment, MGM Resorts International, Money laundering, Nevada, Phil Ruffin, Scientific Games, Slot routes, Sports betting, Station Casinos, The Strip, TV, Wall Street, Washington State, Wynn Resorts
3 Comments
Gaming levels off at high altitude; More Chicago shenanigans
Casino receipts are in for a quartet of states and they tell a similar tale: That gamblers are reining in their 2022 spending … but are still wagering (and losing) way more than three years ago. Hardly a picture of … Continue reading
Posted in Bally, Baseball, Boulder Strip, Boyd Gaming, Caesars Entertainment, Chicago, Churchill Downs, Dan Lee, DraftKings, Full House Resorts, Golden Gaming, Hard Rock International, Health, Illinois, Iowa, Jack Entertainment, Kansas, Louisiana, Macau, Maryland, MGM Resorts International, Missouri, North Las Vegas, Ohio, Penn National, Politics, Sports betting, Station Casinos, TV
4 Comments
Missouri up, Ohio down; Wynn hits records; Station flexes
After a somnolent Tuesday, all heck has erupted in the gaming universe and we’ll try to cram at least some of it into today’s dispatch. Gaming revenues continue to flicker here and there, while remaining high heavens above 2019’s outstanding … Continue reading
Posted in Bally, Boyd Gaming, Caesars Entertainment, Century Casinos, China, Churchill Downs, Economy, Hard Rock International, Health, International, Internet gambling, Jack Entertainment, Macau, Massachusetts, MGM Resorts International, Missouri, Ohio, Penn National, Real Estate, Sports betting, Station Casinos, The Strip, Wall Street, Wynn Resorts
1 Comment
Industry waffles on Sisolak; Illinois ekes upward
Cynicism, thy name is Big Gaming. Whereas its chips were all in with Nevada Gov. Steve Sisolak (D) the last time around, now it has a dampened finger held upwards, testing which way the wind is blowing. The Las Vegas … Continue reading
Posted in Bally, Boyd Gaming, Caesars Entertainment, Churchill Downs, Culinary Union, DraftKings, El Cortez, Election, Ellis Island, FanDuel, Genting, Golden Gaming, Hard Rock International, Illinois, Las Vegas Sands, Nevada, New York, Penn National, Phil Ruffin, PointsBet, Resorts World LV, Rush Street Gaming, Sports betting, Station Casinos, Steve Wynn, Wynn Resorts
1 Comment
Flamingo sale? Forget it!; Mega-Jottings
Caesars Entertainment formally took the Flamingo off the sale block yesterday, at least for the foreseeable future. CEO Tom Reeg cited ‘market conditions‘ (odd when the Las Vegas Strip keeps breaking records). There is also the complication that Vici Properties … Continue reading
Posted in Architecture, Atlantic City, Boyd Gaming, Caesars Entertainment, Colorado, Conventions, Cretins, Dan Lee, Economy, Entertainment, Fontainebleau, Full House Resorts, Illinois, Indiana, Lake Las Vegas, Louisiana, Maine, Marketing, Nebraska, New York, North Carolina, Pennsylvania, Planet Hollywood, Politics, Regulation, South Carolina, Sports betting, Station Casinos, The Rio, The Strip, Tourism, Tribal, Wall Street, William Hill
4 Comments
Jottings for a Tuesday
You know it’s a slow news week when today’s front-and-center lead story in the Las Vegas Review-Journal is that a Lotus of Siam will open in a refreshed Red Rock Resort. With nothing of pressing urgency in the press these … Continue reading
Posted in Arizona, Bally, BetMGM, Caesars Entertainment, California, Card rooms, Cirque du Soleil, Cordish Co., Dining, DraftKings, Economy, Election, Entertainment, FanDuel, Hard Rock International, Pennsylvania, Station Casinos, The Strip, Tribal
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Louisiana plummets; Cool front disrupts summer gaming
A “cruel, cruel summer” for regional casinos was predicted by Truist Securities analyst Barry Jonas and it’s already arrived in Louisiana, where gambling revenues fell 10% last month. It’s not even keeping pace with go-go 2019 any longer. The statewide … Continue reading
Posted in Architecture, Bally, Boyd Gaming, Caesars Entertainment, California, Chicago, Churchill Downs, Conventions, CQ Holdings, Dining, Economy, Environment, Golden Gaming, Golden Nugget, Health, Las Vegas Sands, Louisiana, Macau, MGM Resorts International, Michigan, North Las Vegas, Penn National, Politics, Sheldon Adelson, Sociedade de Jogos de Macau, Station Casinos, The Strip, Tourism, Tribal, Wall Street, Wynn Resorts
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“Standout” at Sands; Station challenges South Point
Despite attenuated revenues of $1.2 billion in the second quarter, Las Vegas Sands was the beneficiary of what one analyst termed “creeping expectations” on Wall Street. Or, as Deutsche Bank‘s Carlo Santarelli put, “we continue to believe LVS represents one of the … Continue reading
Ohio shows fatigue; Macao seizes hotels; Abe assassinated
Since it has been outperforming the broader U.S. market for some time now, perhaps we should not be unduly concerned that Ohio casino revenues are down for three months in a row. Indeed, compared to go-go 2019, they’re still arguably … Continue reading
Posted in Atlantic City, Bally, Caesars Entertainment, California, Churchill Downs, Downtown, Economy, Hard Rock International, Health, Jack Entertainment, Japan, Las Vegas Raiders, Las Vegas Sands, Law enforcement, Macau, Melco Resorts & Entertainment, MGM Resorts International, Ohio, Penn National, Pennsylvania, Sexual misconduct, Sociedade de Jogos de Macau, Sports, Station Casinos, The Strip, Tribal, Virginia
1 Comment
Massachusetts upbeat; Station defiant; Atlantic City stalemate
Casinos in the Bay State clocked $91 million in revenue last month, a 5% improvement on last year. Encore Boston Harbor led the tiny pack with $58 million, growing 9.5%. Next up was MGM Springfield, performing surprisingly well. It was … Continue reading
Posted in Atlantic City, Bally, BetMGM, Caesars Entertainment, California, Churchill Downs, Derek Stevens, Economy, Election, Galaxy Entertainment, Golden Nugget, Hard Rock International, Health, Illinois, Indiana, Iowa, Las Vegas Sands, Macau, MGM Resorts International, Missouri, Mohegan Sun, North Carolina, Ocean Resort, Peninsula Pacific, Penn National, Politics, Regulation, Slot routes, Sports betting, Station Casinos, Tourism, Transportation, Tribal, Unite-Here, Wynn Resorts
1 Comment