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- Atlantic City rebounds; Sibella dumped; NFL suspicions
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- David McKee on You can’t fix stupid; Good-bad news on the bayou
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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
Caesars, Station fulfill expectations; Flamingo to be sold; Chicago: It’s Bally’s
Analysts on Wall Street are going to be ratcheting up their forecasts for Caesars Entertainment for the remainder of 2022. Or so says Deutsche Bank analyst Carlo Sanatarelli. The Roman Empire’s 1Q22 cash flow of $296 million exceeded The Street’s … Continue reading
Posted in Atlantic City, Bally, Caesars Entertainment, Chicago, Conventions, Economy, Hard Rock International, Illinois, Indiana, Internet gambling, Louisiana, Palms, Politics, Rush Street Gaming, Sheldon Adelson, Sports betting, Station Casinos, Technology, The Rio, The Strip, Wall Street
3 Comments
Windy City shakedown; Strip explodes, Palms reborn
$75 million or else. That’s extortionate Chicago Mayor Lori Lightfoot‘s latest demand of casino applicants. If you win the bid, fork over the cash. Her Dishonor might settle for ‘only’ $40 million on the barrelhead, followed up by a $2 … Continue reading
Posted in Bally, Boulder Strip, Boyd Gaming, Chicago, China, Downtown, Florida, Hard Rock International, Health, International, Lake Tahoe, Las Vegas Sands, Laughlin, Macau, Mesquite, Nevada, New York, North Las Vegas, Palms, Politics, Regulation, Reno, Rush Street Gaming, San Manuel Band of Mission Indians, Singapore, Station Casinos, Taxes, Texas, The Strip, Tourism, Wall Street, Wendover
1 Comment
Sands, NY Mets in cahoots; Raiders set to clobber Vegas bookies
Pay no attention to the men behind the curtain. There’s nothing wrong with the idea of a casino megaresort in the Willets Point area, near Citi Field. It’s far preferable to some of the other New York City sites that … Continue reading
Posted in AGA, Atlantic City, BetMGM, Boyd Gaming, Economy, Golden Nugget, Illinois, Internet gambling, Las Vegas Raiders, Las Vegas Sands, MGM Resorts International, Michael Gaughan, New York, North Carolina, Ocean Resort, Palms, Philippines, Politics, Sports, Sports betting, Station Casinos, Tribal, Westgate LV, Wisconsin
1 Comment
Politics as unusual in Chicago; Caesars: Rock the casbah
It never seems to get easier for Chicago casino applicants, who are facing stony opposition from many of their would-be neighbors (and customers) and who also find themselves pawns in a convoluted political process. At stake is something called “aldermanic … Continue reading
Posted in Atlantic City, Bally, Caesars Entertainment, Chicago, Culinary Union, Detroit, Hard Rock International, Horseracing, Illitch Family, Indiana, International, Lotteries, MGM Resorts International, Neil Bluhm, Nevada, New York, Penn National, Politics, Regulation, Rush Street Gaming, Station Casinos, Wall Street, Wynn Resorts
2 Comments
Optimism in Las Vegas; Bluhm bombs in Chicago
On his way home from Black Hawk, Colorado, gaming analyst Barry Jonas of Truist Securities popped into Las Vegas. He met with various and sundry publicly traded companies, even MGM Resorts International, for which he feels little love. He also … Continue reading
Posted in Arizona, Bally, BetMGM, Boyd Gaming, Caesars Entertainment, California, Chicago, DraftKings, Economy, Everi, FanDuel, Florida, G2E, Hard Rock International, Health, IGT, Las Vegas Sands, MGM Resorts International, Neil Bluhm, Palms, Penn National, Politics, Problem gambling, Rush Street Gaming, Scientific Games, Sports betting, Station Casinos, Technology, Tribal, Virginia, Wall Street
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Baccarat constrains Strip; Sports betting tsunami ahead
Withered baccarat numbers meant that the Las Vegas Strip had a muted February, only a percentage point above 2019. Players dropped $599 million (-44.5%) of which the house won just $62 million (-52%). That offset a bonny month at the … Continue reading
Posted in Boulder Strip, Caesars Entertainment, California, Colorado, Downtown, DraftKings, FanDuel, Indiana, Lake Tahoe, Laughlin, Marketing, Mesquite, North Carolina, Palms, Reno, Sports, Sports betting, Station Casinos, Taxes, The Strip, Tourism, Transportation, Tribal, Wendover
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Barley’s leaves a bad taste; Woe is Star; Mega-Jottings
When a casino is named Barley’s Brewing Co. you’d expect to get a decent glass of suds there. Not so. Las Vegan Lon Enwright is $8 million richer—but physically damaged beyond price—after being served cleaning fluids instead of beer (the … Continue reading
Posted in Australia, Baseball, Boulder Strip, Charity, China, Conventions, Crown Resorts, Derek Stevens, history, Japan, Kentucky, Massachusetts, MGM Resorts International, Missouri, Money laundering, Movies, New Jersey, Politics, Regulation, Resorts World LV, Singapore, Sports, Sports betting, Star Entertainment, Station Casinos, Tourism, Transportation, Tribal, Wall Street, Wisconsin
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Chicago: Then there were three … ; Leaner, meaner Boyd
Enjoy these images of Rivers McCormick while you can because you’ll never see them again. Chicago Mayor Lori Lightfoot has nixed McCormick Place as a potential site for a casino, setting Bally’s Corp. and especially Rush Street Gaming down a … Continue reading
Posted in Bally, Boyd Gaming, Chicago, Culinary Union, Economy, Hawaii, Marketing, Neil Bluhm, Politics, Regulation, Rush Street Gaming, Station Casinos, Taxes, Tourism, Transportation
1 Comment
New York $tate of mind; DraftKings gets rabies
OK, so New York State sports betting “slowed slightly” last month. Big deal. After all, there weren’t five weekends of NFL action, for starters. What’s more newsworthy is the $1.5 billion in handle that Empire State online sports betting whipped … Continue reading
MGM boffo; Establishment freaks out over sports betting
“Viva Las Vegas” was the headline on Credit Suisse analyst Ben Chaiken‘s recap of 4Q21 earnings from MGM Resorts International. Wall Street expected $2.8 billion in revenue and $705 million in cash flow. MGM delivered $3.1 billion and $821 million, … Continue reading
Posted in BetMGM, Caesars Entertainment, Canada, Conventions, Cosmopolitan, DFS, Donald Trump, DraftKings, Election, Entertainment, Florida, Hard Rock International, Hawaii, Health, Illinois, Japan, Las Vegas Sands, Lotteries, Macau, Marketing, Mattress Mack, MGM Resorts International, Nevada, New York, Problem gambling, Seminole Tribe, Sports, Sports betting, Station Casinos, Steve Wynn, Taxes, Technology, The Strip, Wall Street, Wynn Resorts
3 Comments
New boss at F-blue; Station: Five white guys; Atlantic City blitzed
Yes, Tom Brady has retired but there’s actually other news happening today. For starters, Fontainebleau has a new president. And not just any prexy but “a visionary leader for our next-generation luxury resort.” He’s Cliff Atkinson, late of Luxor. If … Continue reading
Posted in Atlantic City, Caesars Entertainment, CityCenter, Colorado, Culinary Union, Dining, Diversity, Fontainebleau, Hard Rock International, Horseracing, Illinois, Las Vegas Sands, Macau, MGM Resorts International, New York, Oregon, Pennsylvania, Real Estate, Singapore, Sports, Sports betting, Station Casinos, Taxes, The Strip, Tribal
2 Comments
Illinois slouches; Boyd, Churchill praised; DraftKings assessed
Not even Rivers Casino Des Plaines was spared the impact of Hard Rock Rockford, as the newbie helped take a 4.5% bite out of Rivers’ December casino revenues compared to 2019, for a Des Plaines gross of $43 million, still … Continue reading
Posted in Arizona, Bally, Boyd Gaming, Caesars Entertainment, California, Canada, Churchill Downs, Connecticut, Downtown Grand, DraftKings, Election, Florida, Full House Resorts, Hard Rock International, Health, Illinois, Indiana, Internet gambling, Iowa, Isle of Capri, Las Vegas Sands, Louisiana, Maine, Maryland, Mattress Mack, MGM Resorts International, New York, Ohio, Penn National, Regulation, Singapore, Sports, Sports betting, Station Casinos, Taxes, Wall Street
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Everybody wins in Massachusetts; Makeover for The Mirage
Massachusetts casinos bagged $88 million last month, a 12% boost over 2019. Encore Boston Harbor, predictably, was way, way out in front with $55 million, up 16.5%. Win was fairly even divided between slots ($30 million) and tables ($25 million), … Continue reading
Posted in Atlantic City, Australia, Cirque du Soleil, Cosmopolitan, Crown Resorts, Downtown, DraftKings, Election, Failsinos, FanDuel, Florida, Hard Rock International, Health, Marketing, Massachusetts, MGM Resorts International, New York, Penn National, Regulation, Seminole Tribe, Sports betting, Station Casinos, The Strip, Wall Street, Wynn Resorts
1 Comment