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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
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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: The Strip
Two wins for Wynn; Fewer jobs in Atlantic City
Encore Boston Harbor continues to dominate the Massachusetts scene, with 61% of market share, compared to 25% (not bad) for MGM Springfield, the rest going to Plainridge Park. Encore grossed $85.5 million last month, MGM did $21 million and Plainridge … Continue reading
Posted in Atlantic City, Colorado, DFS, Economy, Maryland, Massachusetts, MGM Resorts International, Oklahoma, Penn National, Resort fees, Sexual misconduct, Sports betting, The Strip, Tribal, Unite-Here, Wynn Resorts
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Wall Street: The Strip is all right; Rivals pile into Waukegan
JP Morgan analyst Joseph Greff has just returned from a two-day field trip to Las Vegas. His overall reaction was “incrementally positive.” He said he sensed “a fairly steady trend line in terms of overall spend and net revenue performance.” … Continue reading
Posted in Boyd Gaming, Caesars Entertainment, Churchill Downs, Conventions, Dan Gilbert, Dan Lee, Detroit, Dining, Entertainment, Full House Resorts, Illinois, Japan, Las Vegas Raiders, Las Vegas Sands, Macau, Marketing, Maryland, MGM Resorts International, Ohio, Palms, Penn National, Resort fees, Rush Street Gaming, Sahara, Sports betting, The Strip, Tribal, Wall Street, Warner Gaming, Wisconsin
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Heard along the Strip
Circus Circus, the casino Jim Murren said he would never, ever sell (because his kids liked it so much) is reported to be on the auction block. The Murren kids are grown and MGM Resorts International has never formulated a … Continue reading
Posted in Atlantic City, Boyd Gaming, Caesars Entertainment, Canada, Cosmopolitan, Culinary Union, Eldorado Resorts, MGM Resorts International, North Las Vegas, Phil Ruffin, Planet Hollywood, Problem gambling, SLS Las Vegas, Sports, Sports betting, Station Casinos, Steve Wynn, The Strip, Tilman Fertitta, World Series of Poker, Wynn Resorts
2 Comments
Churchill Downs on the rampage
Churchill Downs execs met with Wall Street analysts and laid out their strategy going forward. The look toward their ‘historical racing’ machines at their titular track as a way to increase its cash flow as well as to help support … Continue reading
Posted in Churchill Downs, Horseracing, Illinois, Kentucky, Macau, Oklahoma, Oregon, Regulation, The Strip, Tribal, Wall Street, Wynn Resorts
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Squeezed in Schenectady; Seminoles step up
One of the goofs New York State made when authorizing upstate casinos was not to establish a level playing field of taxation. Rivers Casino Schenectady is hardest hit, paying 45% on its slot revenues and it’s finally decided to ask … Continue reading
Posted in Charity, Economy, Las Vegas Sands, Lawrence Ho, Marketing, Melco Resorts & Entertainment, MGM Resorts International, New York, Rush Street Gaming, Seminole Tribe, Sheldon Adelson, Singapore, Taxes, The Strip
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Lesser is more; Are you ready for some football betting?
It’s been rather vexing to hear the voices in Massachusetts squawking to have the casino-enabling legislation enacted under Deval Patrick torn up and replaced with a series of loopholes. After two years of knowing that Encore Boston Harbor was headed … Continue reading
Terrorism at Trump; Police blotter
Trump International finally made it back into the news, although not in a good way. WSOP player Kenneth Strauss was arrested there on July 27 after allegedly tweeting terroristic threats, among other malfeasances. Strauss’ reign of error began at Red … Continue reading
Stitt, tribes: “You first”; Sports betting blocked in Maine
Although he said that “we table the issue of the renewal or termination date of the exiting compact, and use our time more productively by focusing on coming to a shared vision of gaming in Oklahoma for the future,” Oklahoma … Continue reading
Posted in Las Vegas Raiders, Maine, Mandalay Bay Massacre, MGM Resorts International, Oklahoma, Real Estate, Sports, Sports betting, Taxes, The Strip, Tribal
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Cherokee go to D.C. (maybe); Ivey cleaned out
Native American tribes have a hard time being heard in Washington, D.C. So it was past time that the Cherokee Nation took advantage of a treaty provision two centuries old and nominated a delegate to our nation’s capitol. The actual decision … Continue reading
Baccarat hamstrings the Strip
July would have been a good month for the Las Vegas Strip were it not for a wipeout at baccarat: down 26% on 15% less wagering, so luck was definitely not with the house. Overall, Strip revenues were up 1.5% … Continue reading
Posted in Boulder Strip, Churchill Downs, Downtown, Illinois, Lake Tahoe, Las Vegas Raiders, Laughlin, Nevada, North Las Vegas, Racinos, Reno, Rush Street Gaming, Sports, The Strip, Tourism, Transportation, Wall Street
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A Majestic idea; MGM’s Springfield angst
Anyone remember the Greek Isles? Anybody want to? Like a phoenix rising from the ashes, the Greek Isles site will midwife the $850 million Majestic Las Vegas, designed by Paul Steelman after the style of Paul Revere Williams. It will have … Continue reading
Two trains running
In a flurry of recent developments, Las Vegas has gone from no viable prospects for train service to two. And since they would use different tracks, they are not mutually exclusive. One project that appears to be dead and buried … Continue reading
Posted in California, Florida, Harry Reid, North Las Vegas, Politics, Tamares Group, The Strip, Transportation
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Case Bets
Despite the tepid attitude of Tokyo leadership, Las Vegas Sands has settled on it and Yokohama as its destinations of preference in Japan. Which leaves Osaka out in the cold (although it is not lacking for suitors). Sands lost no time … Continue reading
Sheldon’s Sphere inflating; Nevada not keeping up with the times
Madison Square Garden is confronting a major cost overrun on its spherical event center near Venelazzo, meant to—among other things—aggrandize the ego of Sheldon Adelson. Shares of MSG were sent staggering by the revelation that the $1.2 billion cost had … Continue reading
Posted in International, Internet gambling, Massachusetts, MGM Resorts International, Nevada, New Jersey, Philippines, Regulation, Sexual misconduct, Sheldon Adelson, Sports betting, The Strip, Wynn Resorts
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What if they built a megaresort and nobody came?
Resorts World Catskills made it into the New York Times and not in a good way. A feature story focused on the $1.2 billion megaresort’s financial difficulties, caused in part by nine-figure loans. Empire Resorts says the casino does not … Continue reading
Chicago: Lightfoot’s folly; Penn mulls Trop expansion
Between 72% taxes and 30% operating costs, a Chicago casino is a money-losing proposition, at best one eking out a 3% profit. Union Gaming Group minced few words, reporting, “The [$15 million] reconciliation fee alone would wipe out any profits generated … Continue reading
Like a Virgin; Chicago casino kaput?
The soon-to-be-ex Hard Rock Hotel is taking an enormous gamble. Instead of trying to operate during the rebranding-and-renovation phase from which it will emerge as Virgin Las Vegas, it is going to close down completely. You read that right. The … Continue reading
Posted in Donald Trump, Economy, Genting, Hard Rock Hotel, Illinois, Macau, MGM Resorts International, Nevada, Taxes, Technology, The Strip, Transportation, Wall Street, Wynn Resorts
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Rough month in Indiana, rougher in Missouri
Indiana gaming revenues nosed down 3% last month, for a total gross of $181 million. JP Morgan analyst Joseph Greff blames it on adverse weather from Hurricane Barry, plus intensified competition in the Louisville area. Both racinos were revenue-positive, with Hoosier … Continue reading
Posted in Architecture, Boyd Gaming, Caesars Entertainment, Centaur Gaming, Eldorado Resorts, Entertainment, Environment, Full House Resorts, Genting, Indiana, Kentucky, Massachusetts, MGM Resorts International, Missouri, Penn National, Spectacle Entertainment, The Strip, Tribal, Wynn Resorts
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Rock the casbah; The risks of Japan
Although Israel continues to outlaw casinos, undoubtedly to Sheldon Adelson‘s deep regret, the Middle East is pustulent with gaming houses. Yes, the Koran forbids it but that’s hardly stopping anyone. Egypt stands out with roughly 15 casinos, supposedly off-limits to … Continue reading
Posted in Animals, Atlantic City, Caesars Entertainment, Genting, GLPI, Illinois, Indiana, International, Japan, Las Vegas Sands, Macau, Melco Resorts & Entertainment, Movies, Ohio, Pennsylvania, Scientific Games, Sheldon Adelson, Singapore, Sports betting, Taxes, The Strip, Tourism, Wall Street
2 Comments
Arkansas casino a ladder out of poverty; Rodio confesses resort-fee addiction
Arkansas‘ evolution into a casino state is coming with surprisingly few growing pains. Which is not to say there isn’t a burden of expectations on the new properties. $350 million Saracen Casino Resort will be expected to alleviate the woes … Continue reading
Posted in Animals, Arkansas, Caesars Entertainment, Economy, Florida, Illinois, Mandalay Bay Massacre, Resort fees, The Strip, Tribal, Wisconsin
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