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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
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- 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: Taxes
Bally’s opens, Chicago yawns; MGM, tree murderers
Chicago‘s first casino opened to “dozens of people” Saturday. Only dozens? That’s not a good sign for Bally’s Corp. It’ll need to stir up a lot more excitement than that if it’s to make back its nut on $1.7 billion … Continue reading
Posted in Bally, BetMGM, Boyd Gaming, Caesars Entertainment, Century Casinos, Chicago, Churchill Downs, CityCenter, DraftKings, Dubai, Environment, FanDuel, Genting, history, Japan, Jim Murren, Las Vegas Raiders, Mandalay Bay Massacre, Marketing, MGM Resorts International, Missouri, Nevada, New York, Penn National, Politics, Problem gambling, Regulation, Sports, Sports betting, Taxes, The Strip, Tourism, Transportation, Tribal, Virginia, Wall Street, Wynn Resorts
2 Comments
New York: Trump out, Bally’s in; North Carolina Lege flops
New York City will be stuck with failed casino owner Donald Trump‘s name on an overpriced public golf course until 2035 … unless Bally’s Corp. can swing a deal to buy the obstreperous mogul out of his lease with the … Continue reading
Posted in Apollo Management, Atlantic City, Bally, Chicago, Colorado, Cordish Co., Culinary Union, Dining, Donald Trump, Hard Rock International, Health, history, MGM Resorts International, Nebraska, New Mexico, New York, North Carolina, Politics, Problem gambling, Racinos, Real Estate, Regulation, Security, Sexual misconduct, Sports betting, Taxes, Technology, The Strip, Tribal, Virginia, William Hill, Wisconsin
2 Comments
Bellagio sold again; Atlantic City sob story; Trump busted
It’s getting very difficult to tell the players without a scorecard in the game of the REIT-ification of the Las Vegas Strip. Case in point, Bellagio, which now has three owners. There’s MGM Resorts International, which holds a token 5% … Continue reading
Posted in AGA, Atlantic City, Bally, Caesars Entertainment, Churchill Downs, Donald Trump, Foxwoods, Golden Nugget, Hard Rock International, Indiana, International, Internet gambling, Iowa, Law enforcement, Macau, Melco Resorts & Entertainment, MGM Resorts International, Mohegan Sun, Movies, Nebraska, New Jersey, Ocean Resort, Racinos, Real Estate, Regulation, Security, Slot routes, Sports betting, Taxes, Technology, The Strip
1 Comment
Another Apollo scam; MUD-slinging
Since taking over Venelazzo, new owner Apollo Management has been behaving itself, with none of the shenanigans that characterized its ill-fated co-ownership of Caesars Entertainment. That, however, does not mean that Apollo has learned to straighten up and fly right. … Continue reading
Posted in Apollo Management, Australia, Churchill Downs, Culinary Union, Donald Trump, Election, Philippines, Politics, Star Entertainment, Station Casinos, Taxes, Virginia
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Wall Street: Station soft; DraftKings impresses, Bally’s doesn’t
“If you were surprised you haven’t been paying attention.” So wrote Deutsche Bank analyst Carlo Santarelli of yesterday’s Station Casinos earnings release. He added, “it should come as no surprise that RRR reported results that were softer than our forecasts,” which were … Continue reading
Posted in Atlantic City, Bally, BetMGM, Boyd Gaming, Caesars Entertainment, Chicago, Conventions, Cordish Co., DraftKings, Economy, Entertainment, FanDuel, Galaxy Entertainment, Indiana, International, Internet gambling, Kentucky, Macau, Marketing, MGM Resorts International, Nebraska, North Carolina, Ohio, Politics, Racinos, Real Estate, Sports, Sports betting, Station Casinos, Taxes, The Strip, Wall Street
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Big Gaming gets its chain yanked, not always unfairly
We apologize for the dearth of hard news lately. Compounding a two-week vacation with the Fourth of July holiday hasn’t been good for keeping you, dear reader, in the loop. This week in particular has been so slow it’s practically … Continue reading
Posted in AGA, Arizona, Bally, Caesars Entertainment, Churchill Downs, Cordish Co., Florida, G2E, Golden Gaming, Health, history, Internet gambling, Maryland, MGM Resorts International, New Hampshire, New Jersey, Pennsylvania, Problem gambling, Regulation, Rhode Island, Seminole Tribe, Sports betting, Taxes, Vermont
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Stupid political antics; Baseball boondoggle; Mega-Jottings
American Gaming Association President Bill Miller likes to say—and quite rightly—that communities should welcome casinos because Big Gaming is willing to pay big taxes. Until now, that is. Las Vegas Sands has barely planted its flag in Nassau, New York, … Continue reading
Posted in Architecture, Atlantic City, Australia, Bally, Baseball, California, Cretins, Crown Resorts, Health, IGT, Las Vegas Sands, Macau, MGM Resorts International, Money laundering, New York, North Carolina, Politics, Rhode Island, Slot routes, Sports betting, Taxes, The Strip, Tourism, Tribal, Washington State, Wynn Resorts
2 Comments
Bally’s all-but-done deal; Meruelo trashed
So long, Tropicana Las Vegas. Say hello, National Basketball Association and Major League Soccer. And let’s not forget lacrosse and badminton. Since there is no stadium deal for which the Nevada Lege will not bend over and grab its ankles, … Continue reading
Posted in Arizona, Bally, Baseball, Colorado, Election, GLPI, Health, Louisiana, Nevada, Politics, Problem gambling, Prostitution, Real Estate, Sahara, Sports, Station Casinos, Taxes
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Adios, Tropicana; Wynn’s beat goes on; Sex & OSB
As much as we sensed it was coming and were resigned to it, it’s sad to know that the Tropicana Las Vegas has been marked for imminent death. The Las Vegas Strip dowager is showing her years, admittedly, but she’s … Continue reading
Posted in Australia, Bally, Baseball, Chicago, Diversity, GLPI, history, Iowa, Macau, Marketing, Massachusetts, Phil Ruffin, Politics, Problem gambling, Regulation, Riviera, Sahara, Sports, Sports betting, Station Casinos, Taxes, The Strip, Wall Street, Wynn Resorts
1 Comment
Blame it on baccarat; Crime at Hard Rock; Dixie-dumb
The Great American Gambling Craze isn’t abating, although Las Vegas Strip revenues slipped 3% in March, down to $724.5 million. This was paradoxical, as it came in a month in which airline passenger loads into and out of Las Vegas … Continue reading
Posted in Atlantic City, Boulder Strip, Caesars Entertainment, Canada, Colony Capital, Dining, Donald Trump, Downtown, Entertainment, Environment, Golden Nugget, Hard Rock International, history, Illinois, Internet gambling, Lake Tahoe, Laughlin, Law enforcement, Macau, Mesquite, Mohegan Sun, Nevada, New Jersey, New York, North Las Vegas, Politics, Regulation, Reno, Rush Street Gaming, Sports, Sports betting, Taxes, Tennessee, The Strip, Tourism, Tribal, Wendover, WInd Creek
1 Comment
Sands hailed; A’s to Vegas; Coney casino razzed; Mega-Jottings
First-quarter numbers for Las Vegas Sands were “nicely ahead” per J.P. Morgan analyst Joseph Greff, who said Sands’ Macao casinos were firing on all cylinders (mass-market play, VIP action, slots, retail and lodging). He expected Macanese cash flow of $304 … Continue reading
Posted in Australia, Bally, Baseball, California, China, CityCenter, Cordish Co., Cosmopolitan, Entertainment, Failsinos, Florida, Las Vegas Raiders, Las Vegas Sands, Louisiana, Macau, Mississippi, Nebraska, New York, Ohio, Phil Ruffin, Problem gambling, Racinos, Real Estate, Regulation, Reno, Singapore, Sports, Sports betting, Star Entertainment, Station Casinos, Steve Wynn, Taxes, The Strip, Tourism, Transportation, Tribal, Wall Street
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Control Board buffoonery; Super-Mega-Jottings
Well, it didn’t take Nevada Gaming Control Board member George Assad long to stick his foot in it. No sooner had we prophetically called him a regulatory “doofus” than news surfaced of some most-unbecoming conduct during an NGCB hearing. Specifically, … Continue reading
Posted in Bally, BetMGM, Caesars Entertainment, Canada, Chicago, Cordish Co., Cretins, Detroit, Diversity, Downtown Grand, DraftKings, FanDuel, Genting, Hard Rock International, Health, history, Illinois, Japan, Jim Murren, Kansas, Kentucky, Las Vegas Sands, Louisiana, Macau, Massachusetts, MGM Resorts International, Missouri, Nevada, New York, PointsBet, Politics, Real Estate, Regulation, Rush Street Gaming, Slot routes, Sports betting, Station Casinos, Steve Wynn, Taxes, Technology, Texas, Wall Street, Wynn Resorts
2 Comments
Under Southern skies; Presidential casino players
Truist Securities analyst Barry Jonas took a swing through Dixie casinos last month and had quite a bit to report. He hit the New Orleans, Lake Charles, Baton Rouge and Biloxi markets, his primary takeaway being that operators are consistent … Continue reading
Posted in Apollo Management, Architecture, Aristocrat, Bally, Boyd Gaming, Caesars Entertainment, Chicago, Economy, Election, Golden Nugget, Louisiana, Marketing, MGM Resorts International, Mississippi, Missouri, New Hampshire, Penn National, Slot routes, Sports betting, Station Casinos, Taxes, Technology, The Strip, Wall Street
1 Comment
Big month for Strip; Miller’s rapid response; Titus time
Gambling grosses were ultra-boffo on the Las Vegas Strip last month, up 19% over the year previous and leaving 2019 in the dust, +25%. Locals casinos didn’t fare too badly, either if not as spectacularly as their Strip brethren: up … Continue reading
Posted in AGA, Bally, Baseball, Boulder Strip, Caesars Entertainment, California, Charity, Downtown, Election, Jack Binion, Lake Tahoe, Laughlin, Lotteries, Marketing, Mesquite, Nevada, North Las Vegas, Politics, Problem gambling, Regulation, Reno, San Manuel Band of Mission Indians, Sports betting, Taxes, The Strip, Tourism, Transportation, Tribal, United Kingdom, William Hill
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