Category Archives: Tilman Fertitta

Chinese New Year in ruins; LV Locals casinos hacked

Posted on January 27, 2020 by David McKee

Coronavirus is spreading like wildfire. Not only has it cropped up in Beijing, Hong Kong (uh-oh) and Shanghai, cases are being reported in Taiwan, Thailand, France, Japan, South Korea, Australia, and our own United States. China President Xi Jinping has taken … Continue reading →

Posted in Atlantic City, China, Colorado, Derek Stevens, Downtown, DraftKings, Health, International, Las Vegas Raiders, Macau, MGM Resorts International, New Jersey, Politics, Sports, Sports betting, Station Casinos, Technology, The Strip, Tilman Fertitta, Twin River | Comments Off

Atlantic City impresses; MGM plays lacrosse

Posted on January 15, 2020 by David McKee

In a de facto win for Atlantic City, gaming revenue held steady in December, despite one less weekend day to bring in the gamblers. The Garden State also closed out the year with over $4.5 billion in sports-betting handle, economic … Continue reading →

Posted in Atlantic City, Caesars Entertainment, Culinary Union, DraftKings, Eldorado Resorts, Election, FanDuel, Hard Rock International, Internet gambling, Massachusetts, MGM Resorts International, Mohegan Sun, Movies, Ocean Resort, Scott Butera, Sexual misconduct, Sports, Sports betting, Tilman Fertitta | 3 Comments

Eyes on Atlantic City; ‘Smart chips’ a health menace?

Posted on January 6, 2020 by David McKee

It’s barely 2020 and already The Press of Atlantic City has identified the Boardwalk’s top five stories of the year. They are: 1) The evolving Eldorado Resorts takeover of Caesars Entertainment. Early indications are that Eldorado will try to keep … Continue reading →

Posted in Atlantic City, Caesars Entertainment, Carl Icahn, Connecticut, Donald Trump, Economy, Eldorado Resorts, Environment, Foxwoods, history, Indiana, Internet gambling, Macau, Marketing, Mohegan Sun, Pennsylvania, Politics, Racinos, Regulation, Spectacle Entertainment, Sports betting, Tilman Fertitta, Transportation | 2 Comments

Louisiana stagnant, Michigan a sports-betting go

Posted on December 20, 2019 by David McKee

An extra weekend day didn’t do bupkis for Louisiana, where November gaming revenues ($205 million) were flat with last year’s. The good news is that Baton Rouge, so troubled a market, was incrementally higher than in 2018. Eldorado Resorts‘ Belle … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, China, Churchill Downs, Detroit, Economy, Eldorado Resorts, GLPI, Indiana, Internet gambling, Louisiana, Macau, Michigan, Movies, New Jersey, Penn National, Pennsylvania, Sexual misconduct, Sports betting, Taxes, Tilman Fertitta, Tribal, Wall Street | Comments Off

Station faces the music; Atlantic City dissed

Posted on December 16, 2019 by David McKee

Imagine how much of a world of hurt Station Casinos would be in if DJs Marshmello and Skrillex hadn’t quit instead of having their high-priced sinecures ($60 million in Mr. Marshmello’s case) terminated, as happened to Ryan Raddon, aka Kaskade. … Continue reading →

Posted in Atlantic City, Caesars Entertainment, Eldorado Resorts, Entertainment, Hard Rock International, Indiana, Internet gambling, Japan, MGM Resorts International, Mohegan Sun, Ocean Resort, Oklahoma, Palms, Sports betting, Station Casinos, Taxes, Tilman Fertitta, Tribal | 1 Comment

Atlantic City up in November; Sports betting comes to Michigan

Posted on December 13, 2019 by David McKee

Gross gaming revenues of $224 million in Atlantic City last month represented a 7% gain. Table games (+11%) led the way, followed by slot revenues, up 6%. Table win at Borgata rose 14.5% on 7% more wagering, as the house … Continue reading →

Posted in Atlantic City, Boyd Gaming, Caesars Entertainment, DFS, e-sports, Economy, Eldorado Resorts, Environment, FanDuel, Greenwood Racing, Hard Rock International, Internet gambling, MGM Resorts International, Michigan, Mohegan Sun, New Jersey, Ocean Resort, Penn National, Pennsylvania, Politics, Rush Street Gaming, Sports betting, Taxes, Tilman Fertitta, Tribal | 1 Comment

Illinois up, Maryland flat, Palms sued

Posted on December 6, 2019 by David McKee

Enjoy it while it lasts, Illinois. Gaming revenues shot up 8%, a welcome bit of good news. One extra weekend day surely helped although we find it hard to believe that entirely accounts for the variance. The overall gross was … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, Churchill Downs, CityCenter, Cordish Co., Eldorado Resorts, Entertainment, FanDuel, GLPI, Golden Gaming, Illinois, Law enforcement, Maryland, MGM Resorts International, Palms, Penn National, Phil Ruffin, Sports, Sports betting, Station Casinos, Tilman Fertitta, Virginia, West Virginia | 1 Comment

Tumult in Atlantic City; Goodell’s exquisite hypocrisy

Posted on December 4, 2019 by David McKee

Atlantic City casinos have had enough with the town’s mayoral office. They want it eliminated in favor of a city manager. Difficult to argue with that one. Except for Don Guardian, we haven’t seen one A.C. mayor we’ve liked. The … Continue reading →

Posted in Arizona, Atlantic City, Caesars Entertainment, China, Dining, Election, Entertainment, history, Indiana, Macau, Melco Resorts & Entertainment, MGM Resorts International, Oscar Goodman, Politics, Sports betting, Steve Wynn, The Strip, Tilman Fertitta, Tourism, Unite-Here, Wall Street, Wynn Resorts | 1 Comment

Norment’s Torment; New hope for Cal-Neva

Posted on December 2, 2019 by David McKee

Virginia state Sen. Tommy Norment (R) hasn’t been paying attention to the performance of MGM National Harbor. Placing a resort casino in northern Virginia would be, he says, “complete folly.” Instead, Old Virginny will have to put its hopes on … Continue reading →

Posted in Caesars Entertainment, Canada, Dubai, Economy, history, Horseracing, International, Lake Tahoe, Law enforcement, Lotteries, Maryland, MGM Resorts International, Money laundering, New York, Ohio, Politics, Problem gambling, Resort fees, Sports, Sports betting, Taxes, The Strip, Tilman Fertitta, Transportation, Tribal, Virginia | 1 Comment

Florida gets tough on black market; Nugget tops Atlantic City

Posted on November 27, 2019 by David McKee

Florida‘s black market slot-parlor industry is coming under renewed scrutiny as it offers not only unlimited soda but an invitingly soft target for armed robbers looking for high concentrations of cash. In a 15-month period, Jacksonville police have logged 500 … Continue reading →

Posted in Architecture, Atlantic City, Caesars Entertainment, Dining, Donald Trump, Florida, Internet gambling, Law enforcement, New Jersey, Regulation, Tamares Group, The Strip, Tilman Fertitta, Wynn Resorts | Comments Off

Ocean outperforms Atlantic City; Encore Boston crushes competition

Posted on November 15, 2019 by David McKee

Atlantic City casino revenues were $202 million last month, flat with the year previous. Slot revenues were up 3.5%, table win down 6%. Despite flat wagering at the tables and slots, Borgata gained 6% at the slots and ceded 7% … Continue reading →

Posted in Atlantic City, Boyd Gaming, Caesars Entertainment, Economy, Eldorado Resorts, Environment, FanDuel, Greenwood Racing, Hard Rock International, Internet gambling, Japan, Macau, Massachusetts, MGM Resorts International, Mohegan Sun, Ocean Resort, Penn National, Pennsylvania, Regulation, Rush Street Gaming, Sports betting, Tilman Fertitta, Tribal, Wynn Resorts | 3 Comments

Louisiana gets soaked; Surrender flag waved

Posted on October 24, 2019 by David McKee

Boyd Gaming warned us that Deep South results would be weak, following two hurricanes, and they didn’t exaggerate. Flood-affected Louisiana casino receipts plummeted 11% in September. Boyd casinos got the worst of it, down 10.5%. New Orleans was flat but … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, China, Churchill Downs, Crown Resorts, Economy, Eldorado Resorts, GLPI, Illinois, Isle of Capri, Japan, Las Vegas Sands, Louisiana, Macau, MGM Resorts International, Money laundering, Penn National, Regulation, Resort fees, Sheldon Adelson, Singapore, The Mob, The Strip, Tilman Fertitta, Wall Street | Comments Off

Ocean surges in Atlantic City; Wall Street yawns at MGM sale

Posted on October 17, 2019 by David McKee

Atlantic City gambling revenue was off 3% last month and we’ll be generous, chalking it up to one less weekend day than last year. The Boardwalk grossed $224.5 million, led by Borgata with $57.5 million (a 5% slippage). Table win … Continue reading →

Posted in Atlantic City, Boyd Gaming, Caesars Entertainment, Eldorado Resorts, Greenwood Racing, Hard Rock International, Internet gambling, Japan, MGM Resorts International, Mohegan Sun, Nevada, New Jersey, Ocean Resort, Penn National, Pennsylvania, Phil Ruffin, Real Estate, Rush Street Gaming, Sports, Sports betting, The Strip, Tilman Fertitta, Tribal, Wynn Resorts | 3 Comments

Many fewer Vegas knots tied; Golden Nugget expands

Posted on October 14, 2019 by David McKee

One of Las Vegas‘ mainstays and signature stocks in trade, its wedding industry, is down 42% (yes, 42%) from its 2004 peak. Mind you, it’s still a $2.5 billion business. But the quickie-wedding trade may be hurting and that wouldn’t … Continue reading →

Posted in Charity, Cirque du Soleil, Dining, Downtown, Economy, Election, Entertainment, Internet gambling, Kentucky, MGM Resorts International, Real Estate, Shuffle Master, Sports betting, Technology, Terry Caudill, The Strip, Tilman Fertitta, Wynn Resorts | Comments Off

Suncoast for sale?; Downtown, Trump Int’l stuck in 20th century

Posted on October 10, 2019 by David McKee

In a cryptic real estate listing, LoopNet has Suncoast emblazoned across the top of its splash page. However, the company says “This listing is not currently being advertised on LoopNet.com” So what the Sam Hill is it doing there? Is … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, Connecticut, Donald Trump, Downtown, Foxwoods, Las Vegas Sands, MGM Resorts International, Mohegan Sun, New York, Real Estate, Resort fees, Taxes, Technology, The Strip, Tilman Fertitta, Tribal | 2 Comments

Odds favor Trump; Whistleblower scandal at Caesars

Posted on September 30, 2019 by David McKee

Donald Trump has an excellent chance of surviving both the present impeachment inquiry and the 2020 election. That’s not punditry: It’s oddsmaking. BookerMaker.eu places The Donald as a 10/1 long shot for being unseated. Ironically, Trump nemesis Nicholas Maduro of … Continue reading →

Posted in Atlantic City, Caesars Entertainment, Canada, Conventions, Donald Trump, Economy, Election, International, Internet gambling, Sexual misconduct, The Strip, Tilman Fertitta, Wall Street | Comments Off

Strip buoyant, locals pounded; Tilman strikes again

Posted on September 27, 2019 by David McKee

Thanks in part to some dramatic table-game numbers, Las Vegas Strip revenues leapt 9% last month. It wasn’t baccarat: That highly volatile game was actually pretty stable, with 6% more win on 7% less wagering (the house played lucky). Other … Continue reading →

Posted in Boulder Strip, Dining, Downtown, Lake Tahoe, Laughlin, North Las Vegas, Reno, The Strip, Tilman Fertitta | Comments Off

Quote of the Day

Posted on September 24, 2019 by David McKee

“There’s such crossover in time periods between basketball and football seasons that when somebody wants to come to our sports book, and they’re sitting there and they want to bet on a basketball game, they can’t do it. It made us … Continue reading →

Posted in Atlantic City, Regulation, Sports, Sports betting, Tilman Fertitta | Comments Off

Fertitta plays Cassandra; Reach for the sky

Posted on September 24, 2019 by David McKee

Although Atlantic City is coming off its best month in memory, Tilman Fertitta is predicting doom and gloom. “It’s not a nine-casino market, and I don’t understand why nobody realizes that,” he told The Press of Atlantic City. “You could say the … Continue reading →

Posted in Atlantic City, Boyd Gaming, Caesars Entertainment, Derek Stevens, Dining, Donald Trump, Downtown, Economy, Election, Fontainebleau, Internet gambling, Law enforcement, LVCVA, Nevada, Pahrump, Reno, Steven Witkoff, Terry Caudill, The Strip, Tilman Fertitta | 3 Comments

Rio sold; Best casinos named

Posted on September 23, 2019 by David McKee

Despite rumors that Caesars Entertainment has sworn off trying to sell The Rio (again), it turns out that the Roman Empire was still shopping the resort. It’s been tentatively sold to “a principal of Imperial Companies” for $516 million. If … Continue reading →

Posted in Alex Meruelo, Atlantic City, Caesars Entertainment, California, Cosmopolitan, Derek Stevens, Dining, Downtown, Eldorado Resorts, Entertainment, Foxwoods, Genting, Golden Gaming, Hard Rock International, Las Vegas Sands, Louisiana, Marketing, Massachusetts, Mississippi, Mohegan Sun, New York, Ocean Resort, Penn National, Reno, Station Casinos, The Strip, Tilman Fertitta, Tribal, TV, World Series of Poker, Wynn Resorts | 1 Comment