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- If you can’t beat ’em, cheat ’em; Fun & games
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- Atlantic City rebounds; Sibella dumped; NFL suspicions
- MGM limping back; Atlantic City follies; Wall Street Jottings
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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
Wynn treads water, IGT overachieves, Ohio and Missouri flatten
Pay no attention to the man behind the curtain (Xi Jinping). That was the message of Wynn Resorts‘ first-quarter earnings call. Some analysts weren’t having it, with Deutsche Bank‘s Carlo Santarelli opining that Macao was “the real story.” That being … Continue reading
Posted in Bally, Boyd Gaming, Caesars Entertainment, Century Casinos, Churchill Downs, Dan Lee, Economy, Full House Resorts, Hard Rock International, Health, IGT, Illinois, International, Internet gambling, Jack Entertainment, Lotteries, Macau, Maryland, Massachusetts, MGM Resorts International, Missouri, New York, Ohio, Oklahoma, Penn National, Real Estate, Regulation, Sports, Sports betting, The Strip, Tribal, Virginia, Wall Street, Wynn Resorts
3 Comments
Meet Lori Leadfoot; Flamingo shopped
A comedy of errors is playing out in Chicago. After Mayor Lori Lightfoot (D) was reported by the Chicago Sun-Times to have gift-wrapped the winning bid for Bally’s Corp., Her Honor immediately backpedaled, saying, “We have a very specific process, … Continue reading
Posted in Atlantic City, Bally, Caesars Entertainment, Chicago, Economy, Hard Rock International, Illinois, Indiana, Michigan, Nebraska, Neil Bluhm, Ocean Resort, Planet Hollywood, Politics, Real Estate, Regulation, Rush Street Gaming, San Manuel Band of Mission Indians, Slot routes, Sports betting, The Strip, Tilman Fertitta, Tribal
1 Comment
Caesars, Station fulfill expectations; Flamingo to be sold; Chicago: It’s Bally’s
Analysts on Wall Street are going to be ratcheting up their forecasts for Caesars Entertainment for the remainder of 2022. Or so says Deutsche Bank analyst Carlo Sanatarelli. The Roman Empire’s 1Q22 cash flow of $296 million exceeded The Street’s … Continue reading
Posted in Atlantic City, Bally, Caesars Entertainment, Chicago, Conventions, Economy, Hard Rock International, Illinois, Indiana, Internet gambling, Louisiana, Palms, Politics, Rush Street Gaming, Sheldon Adelson, Sports betting, Station Casinos, Technology, The Rio, The Strip, Wall Street
3 Comments
MGM beats forecast, makes overseas play; California controversy
According to Deutsche Bank analyst Carlo Santarelli, the 1Q22 numbers for MGM Resorts International were “better than forecast” in Las Vegas and regionally, nor as bad as expected from Macao. Losses from BetMGM were worse than anticipated. Santarelli predicted cash … Continue reading
Posted in BetMGM, Boyd Gaming, California, Canada, Card rooms, Cosmopolitan, Dining, Downtown, DraftKings, Economy, Election, Entertainment, FanDuel, Hard Rock International, International, Internet gambling, Japan, Macau, Maine, MGM Resorts International, New York, Pennsylvania, Politics, Resorts World LV, Sports betting, Taxes, The Mob, The Strip, Tourism, Transportation, Tribal, Virginia, Wall Street
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Chicago blew it; Times Square, anyone? Monday Mega-Jottings
Even as Chicago Mayor Lori Lightfoot (D) blunders forward with her megaresort campaign, more voices are being raised in criticism of how the Second City is going about the process. A Crain’s Business analysis determined that “Each location appears to … Continue reading
Posted in Architecture, Aristocrat, Atlantic City, Australia, Bally, Baseball, BetMGM, Caesars Entertainment, Chicago, China, Crown Resorts, Derek Stevens, Election, Entertainment, Environment, FanDuel, Galaxy Entertainment, GLPI, Hard Rock International, Health, Illinois, International, Kansas, Las Vegas Sands, Law enforcement, Macau, Marketing, Massachusetts, MGM Resorts International, New York, North Carolina, Pennsylvania, Planet Hollywood, Politics, Real Estate, Regulation, Resorts World LV, Rush Street Gaming, Sports betting, The Strip, Tribal, United Kingdom, Virginia
1 Comment
Windy City shakedown; Strip explodes, Palms reborn
$75 million or else. That’s extortionate Chicago Mayor Lori Lightfoot‘s latest demand of casino applicants. If you win the bid, fork over the cash. Her Dishonor might settle for ‘only’ $40 million on the barrelhead, followed up by a $2 … Continue reading
Posted in Bally, Boulder Strip, Boyd Gaming, Chicago, China, Downtown, Florida, Hard Rock International, Health, International, Lake Tahoe, Las Vegas Sands, Laughlin, Macau, Mesquite, Nevada, New York, North Las Vegas, Palms, Politics, Regulation, Reno, Rush Street Gaming, San Manuel Band of Mission Indians, Singapore, Station Casinos, Taxes, Texas, The Strip, Tourism, Wall Street, Wendover
1 Comment
FSE gets new look; Tilman’s big bet; Boyd beats The Street
Fremont Street Experience will now be ‘branded content’ or, to put it less politely, a big-ass billboard for slot companies. Well, one slot company: Aristocrat Gaming. It’s inked a pact with FSE to present “an action-packed new video … The … Continue reading
Sex, drugs and Resorts World LV; Massachusetts gets serious about sports betting; Caesars wins two Freddies
Both the reputations of Resorts World Las Vegas and its president, Scott Sibella, could be besmirched by a Nevada Gaming Control Board investigation. The tentative probe stems from charges made by gambler Brandon Sattler as part of a huge bankruptcy … Continue reading
Posted in Architecture, Caesars Entertainment, California, Detroit, Economy, Japan, Las Vegas Sands, Louisiana, Macau, Marketing, Massachusetts, MGM Resorts International, Money laundering, Peninsula Pacific, Penn National, Phil Ruffin, Politics, Real Estate, Regulation, Resorts World LV, Sam Nazarian, Singapore, Sports betting, Taxes, The Mob, The Strip, Tribal, Wynn Resorts
1 Comment
Siegel’s Strip scheme; Tilman’s Rocky Mountain high
Siegel Group got a steal of a deal on the north Las Vegas Strip: 10 acres for $75 million. The vacant land used to be occupied, in part, by the La Concha Motel (pictured). It was also once destined for … Continue reading
Posted in Arkansas, Churchill Downs, Colorado, Dan Lee, Full House Resorts, Genting, Golden Nugget, Greenwood Racing, Health, history, Illinois, Indiana, Japan, Law enforcement, MGM Resorts International, New Jersey, New York, Pennsylvania, Politics, Real Estate, Spectacle Entertainment, Taxes, The Strip, Tilman Fertitta
2 Comments
Chicago tips its hand; Wynn loses; Thunder Down Under
Would somebody clue in Chicago Mayor Lori Lightfoot (D) that Neil Bluhm‘s Rush Street Gaming is no longer the majority owner of Rivers Casino Des Plaines? That honor goes to Churchill Downs. But Lightfoot is using Des Plaines as a … Continue reading
Posted in ABBA, Animals, Architecture, Australia, Bally, Boulder Strip, Caesars Entertainment, California, Chicago, Crown Resorts, Entertainment, Environment, Hard Rock International, Health, Indiana, International, Internet gambling, Japan, Law enforcement, Macau, Marijuana, MGM Resorts International, Michigan, Money laundering, Neil Bluhm, New York, Regulation, Rush Street Gaming, Sexual misconduct, Sports, Sports betting, Star Entertainment, Steve Wynn, Technology, The Strip, Tribal, Wynn Resorts
1 Comment
Baccarat constrains Strip; Sports betting tsunami ahead
Withered baccarat numbers meant that the Las Vegas Strip had a muted February, only a percentage point above 2019. Players dropped $599 million (-44.5%) of which the house won just $62 million (-52%). That offset a bonny month at the … Continue reading
Posted in Boulder Strip, Caesars Entertainment, California, Colorado, Downtown, DraftKings, FanDuel, Indiana, Lake Tahoe, Laughlin, Marketing, Mesquite, North Carolina, Palms, Reno, Sports, Sports betting, Station Casinos, Taxes, The Strip, Tourism, Transportation, Tribal, Wendover
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Atlantic City, Massachusetts make big gains; Hotel misery
Casino executives in Atlantic City continue to plead poverty (to a dwindling amen corner) when it comes to poisoning their employees with secondhand smoke. In the meantime, they’re pocketing business hand over fist. Last month saw a 43% catapult over … Continue reading
Posted in Atlantic City, Bally, BetMGM, Boyd Gaming, Caesars Entertainment, DraftKings, Environment, FanDuel, Golden Nugget, Hard Rock International, Health, Internet gambling, Massachusetts, MGM Resorts International, Michigan, Mohegan Sun, New York, Ocean Resort, Penn National, Pennsylvania, PointsBet, Sports betting, The Strip, Tilman Fertitta, Unite-Here, Wynn Resorts
2 Comments
Empire State greed; Brady betting brouhaha
Wow, inflation really is spiraling. When last we checked (i.e., yesterday), a New York City casino license was going for $500 million. However, if some state senators get their way, that not-inconsiderable price tag will rocket to $1 billion. According … Continue reading
Posted in Charity, Downtown, FanDuel, Genting, Golden Nugget, Hard Rock International, Health, Illinois, Indiana, LVCVA, Marketing, MGM Resorts International, New Jersey, New York, Ocean Resort, Politics, Sports betting, Taxes, The Strip, Tony Hsieh, Transportation, West Virginia, Westgate LV, Wynn Resorts, Wyoming
1 Comment
New York $tate of mind; DraftKings gets rabies
OK, so New York State sports betting “slowed slightly” last month. Big deal. After all, there weren’t five weekends of NFL action, for starters. What’s more newsworthy is the $1.5 billion in handle that Empire State online sports betting whipped … Continue reading
Ohio, Illinois ebullient; MGM expects good things; Scandal in NFL
Ohio casino revenues were up 13% from 2021, yielding $179 million in player losses. Slots-only MGM Northfield Park posted a $22.5 million haul, up 17%, while Jack Cleveland vastly expanded its table game inventory and saw table play rise 24.5%. … Continue reading
Posted in Arkansas, Bally, Boyd Gaming, Caesars Entertainment, Churchill Downs, Conventions, DraftKings, Economy, Hard Rock International, Illinois, Internet gambling, Jack Entertainment, Japan, Marketing, MGM Resorts International, Ohio, Penn National, Sports, Sports betting, The Strip, Tribal, United Kingdom, Vietnam, Virginia
1 Comment
Almost everyone prospers in Maryland; Broader revival continues
There’s no sign of “normalization” of gaming revenues in Maryland, where February yielded $163 million, a 19% gain over 2019. Horseshoe Baltimore continued to be somewhat sickly, down 14% to $18 million while everyone else climbed. The silver lining was … Continue reading
Posted in Architecture, BetMGM, Caesars Entertainment, Carl Icahn, Churchill Downs, Cordish Co., Downtown Grand, Entertainment, Fontainebleau, Golden Gaming, Illinois, Indiana, Louisiana, Maryland, MGM Resorts International, Missouri, Ohio, Penn National, Scientific Games, Sports betting, The Strip, Tourism, Wynn Resorts
1 Comment
Boardwalk bulletin; George gesture from Apollo
Pressure to end smoking in New Jersey casinos continues to ramp up on legislators. Said former governor Richard Codey (now a state senator), “When I was governor, we passed smoke-free legislation that covered almost all of our state. Restaurants complained … Continue reading
Posted in Apollo Management, Architecture, Atlantic City, Bally, Caesars Entertainment, Colorado, Conventions, Dan Lee, Dining, Donald Trump, Genting, Golden Nugget, Health, Macau, Marketing, MGM Resorts International, Politics, Problem gambling, Regulation, Resorts World LV, Sports, Sports betting, Texas, The Strip, Virginia
1 Comment
IGT: Biz as usual; Borgata ups the ante; Mega-Jottings
Wall Street analysts were rather ho-hum about International Game Technology‘s 4Q21 earnings announcement. The company’s cash flow from lotteries were almost exactly as predicted ($335.5 million, revenue of $687 million) while gaming brought in $66 million (on revenues of $321 … Continue reading
Posted in Atlantic City, Bally, Chicago, Cretins, Crown Resorts, Entertainment, Hard Rock International, Health, IGT, International, Internet gambling, James Packer, Law enforcement, Macau, MGM Resorts International, Missouri, New York, Ocean Resort, Philippines, Politics, Sports betting, Taxes, The Strip, Virginia, Wall Street
1 Comment
Mega-January on the Strip; Much ado about Caesars
January’s Nevada gambling-revenue numbers are out and the Silver State topped $1 billion yet again, a 41.5% boost over last year. However, some jurisdictions manifested slight declines, a sign that casino activity may be “normalizing” after a heated 2021. To … Continue reading
Posted in Animals, Arizona, Atlantic City, Bally, Baseball, Boulder Strip, Caesars Entertainment, Churchill Downs, Conventions, Dining, Downtown, Genting, Health, Internet gambling, Lake Tahoe, Laughlin, Louisiana, Marketing, Mesquite, Nevada, New Jersey, New York, North Las Vegas, Peninsula Pacific, Pennsylvania, Planet Hollywood, Politics, Reno, Singapore, Sports, Sports betting, Texas, The Strip, Tourism, Tribal, Wall Street, Wendover, Wisconsin
2 Comments