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- David McKee on Sibella scandal spreads; Supremes forestall Seminoles
- Ray Lebowski on Sibella scandal spreads; Supremes forestall Seminoles
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Category Archives: The Strip
Maryland dips; Boardwalk bulletin; Biden/BIA overreach
February was moderately unkind to Maryland casinos, which were down 3.5% from last year to reach $157 million. Top-grosser of course was MGM National Harbor, flat at $65.5 million. Reliable runner-up Maryland Live was close behind at $56 million, but … Continue reading
Posted in Atlantic City, Bally, Boyd Gaming, Caesars Entertainment, California, Churchill Downs, Cordish Co., Dining, Failsinos, Florida, Golden Gaming, Golden Nugget, Horseracing, International, Internet gambling, Marijuana, Maryland, MGM Resorts International, Nebraska, New York, Penn National, Racinos, Regulation, Security, The Strip, Tribal
3 Comments
Caesars, MGM impress The Street; Less drag at Golden; Police blotter
After hanging out with CEO Tom Reeg and Senior Vice President of Finance Brian Agnew, analyst Joseph Greff of J.P. Morgan came away “upbeat” about Caesars Entertainment. His optimism centered on three salient points: “Las Vegas strength and momentum”; “a … Continue reading
Posted in Caesars Entertainment, California, Conventions, Cretins, Dining, G2E, Golden Gaming, Internet gambling, Japan, Law enforcement, Louisiana, Macau, Maryland, MGM Resorts International, Money laundering, Nevada, New York, North Dakota, Oklahoma, Politics, Slot routes, Sports, Sports betting, Texas, The Strip, Transportation, Tribal, Wall Street, Wyoming
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MGM’s sugar daddy
Lest we should get all warm and fuzzy about Blackstone Group, second-largest landowner on the Las Vegas Strip, here’s a bracing reminder of how it got to be where it is today.
Posted in MGM Resorts International, Real Estate, Taxes, The Strip
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Wynn, Golden report; Excalibur kitty caper; PointsBet busted
Citing “very encouraging” trends in Macao, analyst Joseph Greff of J.P. Morgan gave Wynn Resorts a favorable notice today. Without getting too much into the minutiae, Wynn execs cited rapidly improving VIP business, 96% hotel occupancy and a 34% uptick … Continue reading
Posted in Animals, Colorado, Golden Gaming, Laughlin, Macau, Marketing, Maryland, MGM Resorts International, Nevada, PointsBet, Security, Slot routes, Sports, Sports betting, The Strip, Wall Street, Wynn Resorts
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Vegas booming; Churchill Downs “messy”; Mega-Jottings
Nevada gambling winning catapulted 18% last month—yes, almost a 20% increase over post-Covid numbers (although January 2022 was dampened by Omicron). The good times just keep on rolling, to the tune of $1.2 billion. The Las Vegas Strip led the … Continue reading
Posted in Alabama, Aristocrat, Arizona, Atlantic City, Bally, Baseball, BetMGM, Boulder Strip, Century Casinos, Churchill Downs, Culinary Union, Downtown, DraftKings, Environment, Fontainebleau, Georgia, GLPI, Hard Rock International, Horseracing, Indiana, International, Internet gambling, Iowa, Lake Tahoe, Laughlin, Lotteries, Maverick Gaming, Mesquite, MGM Resorts International, Mohegan Sun, Movies, Nevada, New Hampshire, New York, North Carolina, North Las Vegas, Peninsula Pacific, Pennsylvania, Phil Ruffin, Politics, Reno, Resorts World LV, Rush Street Gaming, Slot routes, South Korea, Sports betting, Technology, The Rio, The Strip, Tribal, United Kingdom, Vici Properties, Virginia, Wall Street, Washington State, Wendover
1 Comment
Wall Street lauds Station, Wynn, MGM
Station Casinos posted impressive 4Q22 numbers—if not as impressive to Deutsche Bank analyst Carlo Santarelli as Boyd Gaming‘s. Still, net revenues were up 2% and cash flow improved 3.5% (Boyd did 7% and 13%, respectively.) Santarelli liked Station’s improved margins … Continue reading
Posted in Animals, Architecture, BetMGM, Boyd Gaming, California, Conventions, Cosmopolitan, Economy, Encore, Macau, Maryland, Massachusetts, Mattress Mack, MGM Resorts International, Palms, Real Estate, Sports, Sports betting, Station Casinos, The Strip, Tourism, Tribal, Wall Street, Wynn Resorts
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Maryland, Illinois leap; Mega-Jottings
So where’s that recession? January revenues from Maryland casinos are in and the $167 million gross is a 9% improvement on 2022. None of the six gambling halls were revenue-negative. MGM National Harbor led the pack with $72 million, an … Continue reading
Posted in Atlantic City, Bally, Boyd Gaming, Caesars Entertainment, Churchill Downs, Cordish Co., Culinary Union, DraftKings, Entertainment, Full House Resorts, GLPI, Golden Gaming, Hard Rock International, Health, Illinois, Las Vegas Sands, Macau, Maryland, MGM Resorts International, New Jersey, Penn National, Real Estate, Resort fees, Station Casinos, The Strip, Vici Properties
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Nevada closes 2022 roaring; Lombardo’s big blunder
Gambling grosses for last month have been tallied and it’s an understatement to say they’re boffo. Nevada casinos raked in $1.3 billion, a 14% leap over 2021. You can see why we think that—as it pertains to gaming—a recession is … Continue reading
Posted in Atlantic City, Bally, Boulder Strip, Boyd Gaming, CQ Holdings, Downtown, Entertainment, Foxwoods, Greenwood Racing, Internet gambling, Iowa, Lake Tahoe, Las Vegas Sands, Laughlin, Law enforcement, Macau, Maryland, Mesquite, MGM Resorts International, Nevada, Palms, Penn National, Regulation, Reno, The Strip, Tribal, United Kingdom, Wendover, William Hill, Wisconsin
3 Comments
Sands impresses; Trump’s new Mob pal; Boardwalk blotter; Mega-Jottings
Wall Street was in a sunny mood this week after Las Vegas Sands‘ 4Q22 earnings presentation. As Credit Suisse analyst Ben Chaiken summarized, “two large takeaways in our view were strength in Singapore and what we felt was a positive … Continue reading
Posted in Animals, Atlantic City, Bally, Baseball, BetMGM, Caesars Entertainment, Charity, China, Colorado, Cretins, Derek Stevens, Dining, Donald Trump, Entertainment, FanDuel, Florida, history, IGT, Indiana, Iowa, Japan, Las Vegas Sands, Macau, Marijuana, Marketing, Massachusetts, Movies, New Jersey, New York, Pennsylvania, Politics, Singapore, South Korea, Sports, Sports betting, Taxes, Technology, Texas, The Mob, The Strip, Tilman Fertitta, Tourism, Transportation, Tribal, TV, Vici Properties, Wall Street
4 Comments
Caesars surprises Wall Street; Rincon defects; Bluhm to NYC?
Since the Roman Empire is not given to pre-announcing earnings (it leaves that to MGM Resorts International), its tribunes must have had some pretty good end-of-year numbers to trot out, which they did this morning. The headline, at least as … Continue reading
‘Fight’ club; New Horseshoe powers Louisiana
Having experienced buyer’s remorse on DFS site Monkey Knife Fight, and now trying to re-sell it, Bally’s Corp. finds itself with a ton of Monkey Knife Fight-branded merchandise that it must unload. After all, if it finds a pigeon, er, … Continue reading
Posted in Atlantic City, Bally, BetMGM, Boyd Gaming, Caesars Entertainment, Canada, Churchill Downs, CQ Holdings, DFS, FanDuel, Golden Nugget, Internet gambling, Law enforcement, Louisiana, Marketing, Massachusetts, New York, Ohio, Penn National, PointsBet, Politics, Problem gambling, Regulation, Resorts World LV, Security, Silverton, Sports betting, Station Casinos, Taxes, The Strip, Wall Street
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New F-blue CEO; Illinois mostly upbeat, Missouri not
Who in the world is Brett Mufson? Well, he’s the new president and CEO of Fontainebleau Las Vegas. Other than that, Jeffrey Soffer‘s company ain’t tellin’ much. We are informed that “Mufson’s instrumental leadership helped steer the company’s re-acquisition of … Continue reading
Posted in Bally, Boyd Gaming, Caesars Entertainment, Canada, Century Casinos, Chicago, Churchill Downs, Cosmopolitan, Dining, DraftKings, Economy, FanDuel, Florida, Fontainebleau, Hard Rock International, history, Illinois, Las Vegas Sands, Macau, Mandalay Bay Massacre, MGM Resorts International, Missouri, Penn National, Regulation, Sports, Sports betting, The Strip, Tourism, Tribal, Vici Properties, Wynn Resorts, Wyoming
1 Comment
NFL bettors sacked; Strip resort folds; Caesars plan panned
Life at S&G HQ is seriously clouded by the critical illness of a beloved fur baby. Nevertheless, we shall endeavor to gather our thoughts, starting with the consequences for bettors of the life-threatening Damar Hamlin injury on Monday Night Football. … Continue reading
Posted in Arizona, Atlantic City, Caesars Entertainment, Chicago, Derek Stevens, DraftKings, Economy, Entertainment, Failsinos, FanDuel, Florida, Genting, Georgia, Hard Rock International, Horseracing, International, Las Vegas Sands, LVCVA, Macau, MGM Resorts International, Nebraska, New Jersey, New York, Ohio, PointsBet, Politics, Racinos, Riviera, Rush Street Gaming, Sports, Sports betting, The Strip, Tribal, TV, Wall Street, Wynn Resorts
1 Comment
Strip’s good times waning
A big touché to the uncredited wag at the Las Vegas Review-Journal who came up with today’s banner headline: CARR PARKED. Yes, the Las Vegas Raiders have had enough of underachieving QB Derek Carr and are benching him for long-shot … Continue reading
Posted in Boulder Strip, Downtown, Lake Tahoe, Las Vegas Raiders, Laughlin, Mesquite, Nevada, North Las Vegas, Reno, The Strip, Wendover
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