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- Atlantic City rebounds; Sibella dumped; NFL suspicions
- MGM limping back; Atlantic City follies; Wall Street Jottings
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- David McKee on You can’t fix stupid; Good-bad news on the bayou
- American Gaming Guru on You can’t fix stupid; Good-bad news on the bayou
- 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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- Atlantic City rebounds; Sibella dumped; NFL suspicions - 55,525 views
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- MGM crippled; Illinois & Indiana report; Bally’s shaky in Chi - 57,638 views
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Category Archives: Station Casinos
Las Vegas: What next and when?
While everyone from Las Vegas Mayor Carolyn Goodman up to the highest ranks of the federal government trying to rush people back to work, we’re forced to consider what Sin City will look like after the Coronavirus pandemic … and when … Continue reading
Ohio, Indiana slammed; Station is ‘george’
Loss of half a month in Ohio meant a 61% plunge in casino/racino revenues, to $72 million. Although there were two fewer weekend days in the month that was as nothing compared to Coronavirus. (The calendar is neutral this month, … Continue reading
Macao bad, worse to come; No casinos for Brazil
“With the government keeping limitations on individual and group visas into the market and transportation options remaining impaired we believe the Macau market could take five to seven months to start stabilizing and showing improvement,” Stifel Financial analyst Steven Wieczynski … Continue reading
Posted in Atlantic City, Caesars Entertainment, China, Connecticut, Dining, Economy, Foxwoods, Galaxy Entertainment, Hard Rock International, Health, history, International, Internet gambling, Japan, Las Vegas Sands, Macau, Maryland, Melco Resorts & Entertainment, MGM Resorts International, Mohegan Sun, Ocean Resort, Politics, Scientific Games, Station Casinos, Taxes, Wall Street, Wynn Resorts
1 Comment
Casinos in survival mode; Sports betting in Cali in peril
After this week’s stimulus vote in the U.S. Congress, the casino industry would seem to have ducked a bullet. But, depending on how much financial aid it can draw down, the question lingers over whether any operators will have to file … Continue reading
Posted in Boyd Gaming, Caesars Entertainment, California, Charity, Colorado, Economy, Election, Foxwoods, Full House Resorts, Golden Gaming, Health, Horseracing, Indiana, International, Internet gambling, Las Vegas Sands, Louisiana, MGM Resorts International, Mohegan Sun, Nevada, Oklahoma, Penn National, Problem gambling, Regulation, Sports betting, Station Casinos, Tourism, Transportation, Tribal, Wall Street, Wynn Resorts
1 Comment
The last good month; NBA to resurrect in Vegas?
Las Vegas Strip gaming revenue was flat in February at $596 million and probably should have been better, given the presence of an extra weekend day. (Statewide, revenues were up 3%.) Strip slots were robust, gaining 7% on 7.5% higher … Continue reading
Posted in Boulder Strip, Charity, China, Conventions, Downtown, Economy, Lake Tahoe, Laughlin, Mesquite, North Las Vegas, Reno, Sports betting, Station Casinos, The Strip, Tourism, Transportation, TV, Wendover
2 Comments
Poverty in the suites; Industry ramps up bailout pressure
Sheldon Adelson is worth $28 billion today. Which doesn’t sound so bad until you consider that he was worth $40 billion before the Wall Street crash. That’s the literal price of owning 432,000,000 shares of Las Vegas Sands. Not that … Continue reading
Posted in AGA, Caesars Entertainment, California, Carl Icahn, Charity, China, Donald Trump, Economy, Elaine Wynn, FanDuel, GLPI, Health, history, Horseracing, Illinois, Internet gambling, Las Vegas Sands, Macau, Melco Resorts & Entertainment, MGM Resorts International, Movies, New York, Phil Ruffin, Sheldon Adelson, Sports betting, Station Casinos, The Mob, Tribal, Unite-Here, Wall Street, Wynn Resorts
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Stitt catches a break; Station, Gaughan step up to the plate
Did the government of Oklahoma screw up the exclusivity agreement that gave it power over tribal gambling? That’s the contention of a new legal brief from the Wichita and Affiliated Tribes, who say that the recent expansion of lottery offerings … Continue reading
Posted in Boyd Gaming, Charity, Dan Gilbert, Downtown, Genting, Golden Gaming, Health, International, Internet gambling, Lotteries, MGM Resorts International, Michael Gaughan, Ohio, Oklahoma, Sahara, Singapore, Sports, Sports betting, Station Casinos, Taxes, The Strip, Tilman Fertitta, Tribal, William Hill
1 Comment
The cost of not doing business
Saying “This is not the time to look for loopholes,” Nevada Gov. Steve Sisolak (D) doubled down on his quarantine order, threatening nonessential business that remain in business in defiance of his directive (and there have been some) to close … Continue reading
Posted in Boyd Gaming, Churchill Downs, Cirque du Soleil, Dining, Downtown, DraftKings, Economy, Election, Entertainment, Florida, Golden Gaming, Health, Internet gambling, Las Vegas Sands, Macau, Penn National, Pennsylvania, Seminole Tribe, Station Casinos, TV, Wall Street, Wynn Resorts
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Las Vegas is closed
America‘s favorite 24-hour town has finally caved to the inevitable and done what neither Sept. 11 nor the Great Recession made it do. It has turned out the lights and hung the “Closed for business” sign in the window. Finally … Continue reading
Posted in Boyd Gaming, Caesars Entertainment, California, Canada, Cosmopolitan, Culinary Union, Dining, Downtown, Economy, Election, Golden Gaming, Health, Illinois, Las Vegas Sands, MGM Resorts International, Nevada, Phil Ruffin, Real Estate, Regulation, Station Casinos, Steve Wynn, The Strip, Tourism, Transportation, Wall Street, Wynn Resorts
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Casino closures sweep the country
We’re all going through what are called “adjustment reactions,” including casino executives across the country. They’d like to stay open for business—many are—but others are being forced to close or making the difficult choice to go dark on their own. … Continue reading
Posted in Boyd Gaming, Caesars Entertainment, Conventions, Cordish Co., Derek Stevens, Downtown, e-sports, Economy, Eldorado Resorts, Health, IGT, Illinois, Indiana, Las Vegas Sands, Maryland, Massachusetts, Melco Resorts & Entertainment, MGM Resorts International, New York, Ohio, Pennsylvania, Scientific Games, Sports, Station Casinos, The Strip, Wall Street, Wynn Resorts
1 Comment
Las Vegas slides toward crisis as market tanks
Coronavirus having been officially been declared a pandemic by the World Health Organization, it was only a matter of time before the impact hit Las Vegas. Not much time, either. Late yesterday, the National Association of Broadcasters pulled the plug … Continue reading
Posted in AGA, Boyd Gaming, Caesars Entertainment, California, Conventions, DFS, Donald Trump, Economy, Eldorado Resorts, Health, International, Las Vegas Sands, Melco Resorts & Entertainment, MGM Resorts International, New York, Sheldon Adelson, South Korea, Sports, Sports betting, Station Casinos, Taxes, The Strip, Tourism, Twin River, Wall Street, Wynn Resorts
3 Comments
Gaming stocks immune to rally; Casinos get serious about coronavirus
Gaming stocks by and large didn’t feel the love on Wall Street yesterday, trending slightly downward, not counting 9% rallies for Station Casinos and Melco Resorts & Entertainment (the latter the only Macao operator to bounce back). The market recouped … Continue reading
Posted in AGA, Alex Meruelo, Atlantic City, Boyd Gaming, Caesars Entertainment, Cosmopolitan, Current, Detroit, Dining, Donald Trump, Economy, Eldorado Resorts, Florida, Health, Lake Tahoe, Las Vegas Sands, Macau, Maryland, Massachusetts, Maverick Gaming, Melco Resorts & Entertainment, MGM Resorts International, Michigan, Penn National, Phil Ruffin, Reno, Rhode Island, Sahara, South Dakota, Sports betting, Station Casinos, Taxes, The Strip, Tilman Fertitta, Tourism, Transportation, Vermont, Wall Street, Washington State, Wynn Resorts
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Emergency in Rhode Island; Kaos by any other name
Twin River Holdings just got some bad news. Rhode Island Gov. Gina Raimondo (D) proclaimed a state of emergency, after four citizens contracted coronavirus. “This is real. This is here. We expect more cases,” said Raimondo. While governments in the … Continue reading
Posted in Current, Dining, Entertainment, Health, International, Palms, Regulation, Rhode Island, Station Casinos, Tilman Fertitta, Twin River, Wall Street, Wynn Resorts
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Panic in The Street, Vegas calmer
A stock market “circuit breaker” was deployed for the first time since the crash of 2008, when Wall Street opened for trading and stocks promptly nosedived. All major casino stocks are trading down, especially Wynn Resorts, Eldorado Resorts and Station Casinos. … Continue reading
Posted in Caesars Entertainment, China, Conventions, Diversity, Eldorado Resorts, Health, IGT, International, Macau, MGM Resorts International, Oregon, Philippines, Sports betting, Station Casinos, The Strip, Tribal, Wall Street, William Hill, Wynn Resorts
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Macao sucks; Massachusetts tribe rebuffed … again
Macao was a ghost town last month, with hotel occupancy an anemic 12%. Gaming analysts, in addition to writing off 1Q20, are predicting a 50% declivity in the second quarter, with recovery not taking hold until October. Casino companies, meanwhile, … Continue reading
Posted in Architecture, Caesars Entertainment, California, Conventions, Donald Trump, Economy, International, Las Vegas Sands, Law enforcement, Lawrence Ho, Macau, Massachusetts, MGM Resorts International, Money laundering, Palms, Regulation, Station Casinos, The Strip, Tribal, Wall Street, Wynn Resorts
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Gaming exempt from Wall Street love; Harry-come-lately
Gaming stocks responded indifferently to yesterday’s Wall Street rally. Wynn Resorts was up and down but ultimately flat, MGM Resorts International ticked up 2%, Las Vegas Sands was flat and Melco Resorts & Entertainment slipped a percentage point. So much … Continue reading
Posted in Boyd Gaming, Caesars Entertainment, China, Churchill Downs, Conventions, Dining, Donald Trump, Economy, Eldorado Resorts, Election, Entertainment, Harry Reid, Health, Japan, Las Vegas Sands, Macau, Massachusetts, Melco Resorts & Entertainment, MGM Resorts International, Oregon, South Korea, Station Casinos, The Strip, Tourism, Tribal, Wall Street, Wynn Resorts
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Dream on (really); Golden gets downgrade
Dream on the south Las Vegas Strip is looking more like reality, Shopoff Real Estate Investments having purchased the requisite 5.25 acres. The exact location will be at the Strip at Russell Road, just south of Mandalay Bay. Calling the … Continue reading
Posted in Conventions, Economy, Golden Gaming, Horseracing, Kansas, Las Vegas Raiders, Lotteries, Phil Ruffin, Politics, Problem gambling, Sports betting, Station Casinos, Taxes, The Strip, Wall Street
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Turnaround at Station; Suburban sexcapades
Things are looking up for Station Casinos. The latest dispatch from JP Morgan analyst Joseph Greff was optimistic, citing “a market that should experience solid 2% to 3% [gross gaming revenue] growth and possesses the ability to harvest margin growth as … Continue reading
Penn/Barstool deal a home run; Blatstein lightens Showboat ship
Shares of Penn National Gaming jumped 12% on news of its 36% acquisition of Barstool Sports. Penn plans to unroll a Barstool-branded line of sports books, online applications and mobile-wagering services. Barstool, in turn, will promote Penn until 2060 … … Continue reading
Posted in AGA, Atlantic City, Caesars Entertainment, Derek Stevens, Downtown, Fontainebleau, Golden Gaming, Hard Rock Hotel, Japan, Las Vegas Sands, LVCVA, Massachusetts, Maverick Gaming, MGM Resorts International, Palms, Penn National, Problem gambling, Regulation, Resorts World LV, Sports betting, Station Casinos, Steven Witkoff, Technology, The Strip, Tribal, Wall Street, Washington State, Wynn Resorts
1 Comment
Chinese New Year in ruins; LV Locals casinos hacked
Coronavirus is spreading like wildfire. Not only has it cropped up in Beijing, Hong Kong (uh-oh) and Shanghai, cases are being reported in Taiwan, Thailand, France, Japan, South Korea, Australia, and our own United States. China President Xi Jinping has taken … Continue reading
Posted in Atlantic City, China, Colorado, Derek Stevens, Downtown, DraftKings, Health, International, Las Vegas Raiders, Macau, MGM Resorts International, New Jersey, Politics, Sports, Sports betting, Station Casinos, Technology, The Strip, Tilman Fertitta, Twin River
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