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- Ray Lebowski on Sibella scandal spreads; Supremes forestall Seminoles
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Category Archives: Texas
Demand, prices way up on the Strip; Big casino push in Texas
Emboldened by a combination of new, 50% capacity limits in Nevada and $1,400 stimulus checks, visitors poured into Las Vegas and resorts were quick to profiteer, er, monetize the nascent demand. The Strat more than tripled room rates, from $50/night … Continue reading
Posted in Alabama, Atlantic City, Caesars Entertainment, California, China, Cordish Co., Cosmopolitan, Donald Trump, Economy, Election, Golden Gaming, Harry Reid, Health, history, Las Vegas Sands, Law enforcement, Lotteries, Macau, Marketing, Oklahoma, Pennsylvania, Politics, Racinos, Rush Street Gaming, Sahara, Sheldon Adelson, Sports betting, Taxes, Tennessee, Texas, The Strip, Tourism, Tribal, Virginia, Wynn Resorts
1 Comment
Vegas’ Dream is TSA’s nightmare; MGM disses Chicago
Part Two of our survey of analyst reports on Vegas-based casino companies will have to wait a day, given a bevy of breaking news. First up, a major setback for the planned Dream Las Vegas on the south Strip. Airlines … Continue reading
Posted in Architecture, Arizona, Atlantic City, Bally, Boyd Gaming, Caesars Entertainment, California, Cosmopolitan, Cretins, Dining, Diversity, Economy, Entertainment, Failsinos, Full House Resorts, Hard Rock International, Health, Illinois, Indiana, Las Vegas Sands, Mandalay Bay Massacre, Maryland, MGM Resorts International, Michael Gaughan, New York, Penn National, Rush Street Gaming, Security, Spectacle Entertainment, Station Casinos, Texas, The Strip, Tourism, Transportation, Tribal, Wynn Resorts
2 Comments
Roman Empire conquers Venice
In a dramatic, dead-of-night deal, Las Vegas Sands sold The Venetian and Palazzo to a REIT/private-equity combo of Vici Properties and Apollo Management for $6.25 billion. Vici and Apollo obviously have a considerable appetite for risk on the Las Vegas … Continue reading
Normality in Ohio, disaster in Illinois; Planet Ho sale mooted
Maybe the ‘skinny stimulus’ helped Ohio. Gross gaming revenues of $153.5 million were only 8.5% off last year’s pace. The gambling houses are still operating at 50% capacity and under a curfew but the number remains impressive. Hollywood Toledo continues … Continue reading
Posted in Alabama, Bally, Boyd Gaming, Churchill Downs, Colorado, Dan Gilbert, Detroit, Dining, DraftKings, Economy, Georgia, Hard Rock International, history, Illinois, Jack Entertainment, Las Vegas Sands, Louisiana, Macau, Marketing, Maryland, Massachusetts, Mattress Mack, MGM Resorts International, North Carolina, Ohio, Penn National, Planet Hollywood, South Dakota, Sports betting, Texas, The Strip, Transportation, TV, Virginia, Wall Street, Wynn Resorts
1 Comment
Las Vegas recovery: A definite maybe; Woe at Sands
First, the bad news. Las Vegas emerged from a December that was just plain awful, as discretionary income continues to dry up. Las Vegas Strip win plummeted 51% to $292 million. Statewide, gambling revenue toppled 35.5% for $684 million, an … Continue reading
Posted in AGA, Alex Yemenidjian, Arizona, Boulder Strip, Caesars Entertainment, California, China, Conventions, Derek Stevens, Downtown, Economy, Health, Internet gambling, Japan, Lake Tahoe, Las Vegas Sands, Laughlin, LVCVA, Macau, Melco Resorts & Entertainment, Mesquite, Mohegan Sun, New York, North Las Vegas, Reno, Sheldon Adelson, Singapore, South Korea, Sports betting, Texas, The Strip, Tilman Fertitta, Tourism, Wall Street, Wendover, Wynn Resorts
3 Comments
Tribute to a bad man
Sheldon Adelson‘s Horatio Alger success story came to an abrupt end today, when the Boston Globe broke the news of his death from lymphoma at age 87. Adelson had a good run in the industry, longer than most, and his … Continue reading
Posted in AGA, Alabama, Architecture, Conventions, Culinary Union, Donald Trump, Election, Florida, Galaxy Entertainment, Health, history, International, Internet gambling, Japan, Las Vegas Sands, LVCVA, Macau, Marijuana, Movies, New York, Pennsylvania, Politics, Sheldon Adelson, Singapore, Sociedade de Jogos de Macau, Sports betting, Stanley Ho, Steve Wynn, Taxes, Texas, The Strip, Tribal, Wall Street
3 Comments
Tex Adelson rides again
Fresh from trying to afflict the country with another four years of Donald Trump, mega-mogul Sheldon Adelson is turning his eyes upon Texas. He’s readying a crack team of lobbyists, including Karen Rove, to descend upon the Lege when it … Continue reading
Posted in AGA, Atlantic City, Boulder Strip, Cosmopolitan, Economy, Election, Florida, Hard Rock International, Health, Horseracing, International, Japan, Las Vegas Raiders, Las Vegas Sands, Law enforcement, Lotteries, Marijuana, New York, Politics, Sheldon Adelson, Taxes, Texas, Tilman Fertitta, Tribal
2 Comments
Wynn zapped again; Canada boosts DraftKings
“Most of the time we can’t even be honest with ourselves.”—The Commoner in Akira Kurosawa‘s Rashomon. If at first they don’t give you a casino in Massachusetts, litigate. And when that doesn’t work, re-litigate. That’s what pouting Suffolk Downs owner … Continue reading
Posted in Atlantic City, Canada, DraftKings, Economy, Election, Las Vegas Raiders, Massachusetts, MGM Resorts International, Mohegan Sun, Pets, Politics, Regulation, Sexual misconduct, Sheldon Adelson, Sports, Sports betting, Steve Wynn, Texas, Wall Street, Wynn Resorts
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Cosmo is number one … and not in a good way
Wanna catch Covid-19? Head for the Cosmo. “The Cosmopolitan of Las Vegas topped reported locations of possible COVID-19 exposures in June, July and August in Southern Nevada, according to state disease investigation analyses,” reported the Las Vegas Review-Journal. The renegade … Continue reading
Posted in Atlantic City, Boyd Gaming, Caesars Entertainment, Cosmopolitan, Derek Stevens, Diversity, G2E, Genting, Health, history, Japan, Las Vegas Sands, Maryland, MGM Resorts International, Moulin Rouge, Nevada, New York, Resorts World LV, Sports, Sports betting, Station Casinos, Texas, The Strip, Tourism, Tribal, Wynn Resorts
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Maryland rebounds; Penn wows Wall Street; Trump to play Lucky Dragon
In a near-miraculous development, Maryland gambling revenues were only 6% off the pace last month. Between cabin fever and the belated delivery of those $1,200 stimulus checks, we’re not entirely surprised that Free State punters had both the desire and … Continue reading
Posted in Alabama, Arizona, Boyd Gaming, Caesars Entertainment, Churchill Downs, Cordish Co., Donald Trump, Election, Florida, Georgia, Golden Gaming, Health, Internet gambling, Lotteries, Lucky Dragon, Maryland, MGM Resorts International, Mississippi, Nevada, New Mexico, New York, North Carolina, Penn National, Pennsylvania, Racinos, Sports, Sports betting, Texas, The Strip, Tilman Fertitta, Tribal, TV, Wall Street, West Virginia
2 Comments
All systems go at Ocean
Ocean Casino Resort CEO Terry Glebocki lays out how the former Revel weathered the Coronavirus shutdown, which is expected to lift tomorrow. Her first move was to suspend revenue-sharing agreements with slot manufacturers. After all, there was no revenue to … Continue reading
Good news from MGM, Mississippi; Musk stops boring
UPDATE: It’s official. MGM Resorts International says it is abandoning parking fees once the shutdown ends. We never thought it would happen so … hallelujah! Score one for the consumer. Mississippi casinos reopen Thursday and while the current pandemic may have … Continue reading
Posted in California, Charity, Dining, Economy, Georgia, Lotteries, LVCVA, M Resort, MGM Resorts International, Mississippi, Penn National, Resort fees, Sports, Taxes, Texas, Transportation, TV
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Vegas bingo on death watch; Nevada regulators dither
Bingo is such a staple of the Las Vegas locals casino that it seems unimaginable that it would go the way of the buffet and the dodo. But such may be the case. VitalVegas author Scott Roeben says he is … Continue reading
Rescue for small casinos; Stitt makes a deal (or two)
If at first you don’t succeed, Bill Miller, try, try again. Persistence for the American Gaming Association prexy paid off with a new set of Small Business Administration rules for Paycheck Protection Program loans that include all business that receive … Continue reading
Posted in AGA, Cantor Gaming, Economy, Las Vegas Sands, Lotteries, Mattress Mack, Oklahoma, Pets, Sports, Sports betting, Texas, The Strip, Tilman Fertitta, Tourism, Transportation, Tribal
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Quote of the Day
“Everyone says you are supposed to be on your own. Then to have this happen, you just sit there wondering what else you can do. You can’t fight the federal government.”—Jose Camacho, director of the Texas Association of Community Health Centers on … Continue reading
Super Bowl betting: Mack is back; Warren’s gambling problem
According to one online-betting site, Super Bowl odds are staying firm, with the Kansas City Chiefs 1.5-point favorites to win. “Last minute odds are some of the best,” it claims. Not when they’re as static as these. Speaking of “the … Continue reading
Posted in Baseball, Dining, Donald Trump, Election, Environment, Hard Rock Hotel, Health, Marketing, Massachusetts, Sports betting, Texas, Tilman Fertitta, Tribal
1 Comment
Sports betting back on in Florida; Genting tipped for Japan
Although Florida voters thought they were cutting the Lege out of gambling legalization, lawmakers may have found a way to weasel their way back in, at least as concerns sports betting. The Sunshine State’s constitution now forbids the Lege from … Continue reading
Posted in AGA, China, FanDuel, Florida, Galaxy Entertainment, Genting, Japan, Law enforcement, Melco Resorts & Entertainment, MGM Resorts International, Missouri, Movies, New Jersey, New York, Politics, Regulation, Seminole Tribe, Sheldon Adelson, Singapore, Slot routes, Sports, Sports betting, Taxes, Texas, The Strip, Transportation
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Churchill Downs fights horseracing reform; Mattress Mack doesn’t regret $13M World Series bet
Churchill Downs‘ third-quarter cash flow results were “softer than expected” according to J.P. Morgan analyst Daniel Politzer, who added the “the impact of this was likely mitigated by the company announcing a slew of updates/capital projects which helped placate investors, … Continue reading
Posted in AGA, Baseball, Charity, Churchill Downs, Colorado, Culinary Union, Election, Entertainment, Geoff Freeman, Horseracing, Kentucky, Las Vegas Sands, Macau, Maine, Mississippi, Nevada, New Jersey, Planet Hollywood, Politics, Racinos, Sheldon Adelson, Sports betting, Texas, Wynn Resorts
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Cornyn checkmates tribes; Crown steps in it again
In this corner, two Native American tribes. In that one, Texas Sen. John Cornyn (R). They say he’s playing politics with their casino aspirations. He says they’re trying to make an end run—by way of the U.S. Senate—of their obligation … Continue reading
Posted in Australia, China, Crown Resorts, Environment, Golden Gaming, Hard Rock International, Hooters, Illinois, Laughlin, Law enforcement, Louisiana, Mohegan Sun, Money laundering, Penn National, Pennsylvania, Philippines, Politics, Slot routes, Texas, The Mob, The Strip, Tribal
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