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- Ray Lebowski on Sibella scandal spreads; Supremes forestall Seminoles
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Category Archives: Tilman Fertitta
New era in Atlantic City
Atlantic City is already feeling the benefits from the double-barreled openings of Hard Rock Atlantic City and Ocean Resort. While June’s gambling revenues were up 1.5% on a same-store basis, add the newcomers and the increase is 5%. (Both casinos … Continue reading
Casa Shenandoah closes; Culinary escalates tactics
Call it a day for another Wayne Newton business venture. Mr. Las Vegas is closing Casa Shenandoah to the public, no reason given (although a recent break-in might have influenced the decision). “It is the Applicant’s intent that the property revert … Continue reading
Posted in Boyd Gaming, Culinary Union, Derek Stevens, Downtown, Downtown Grand, Election, history, Horseracing, Idaho, Indiana, Minnesota, Penn National, Phil Ruffin, Regulation, SLS Las Vegas, Sports betting, The Strip, Tilman Fertitta, Tourism, Transportation, Tribal, Wayne F. Newton, Westgate LV
1 Comment
Penn, Caesars come together; Big bet in smallest state
Penn National Gaming swooped in and bought itself a nice little operating contract in Louisiana, the Margaritaville Casino Resort, for $115 million. Considering that the price translates to 5.5X cash flow, Penn got itself quite a bargain. It’s also a vote … Continue reading
Posted in Boyd Gaming, Churchill Downs, Eldorado Resorts, GLPI, Harrah's, Illinois, Isle of Capri, Louisiana, Massachusetts, Pennsylvania, Pinnacle Entertainment, Politics, Regulation, Rhode Island, Sports, Taxes, Tilman Fertitta
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Big day in New Jersey; Atlantic City slips
Sports betting in New Jersey will go off as planned. As I write this, Monmouth Park is 20 minutes away from taking its first wager, presumably placed on the World Cup by Gov. Phil Murphy (D). “I’m thrilled to be doing … Continue reading
New Jersey ready for action; Strip club upstages Hard Rock
New Jersey Gov. Phil Murphy (D) still plans to place his first sports wager at Monmouth Park tomorrow but Borgata is trying to crash the party. The megaresort issued a statement saying “we are moving ahead with all possible speed … Continue reading
Posted in Atlantic City, Delaware, Hard Rock International, Illinois, International, Internet gambling, Macau, Massachusetts, MGM Mirage, Mississippi, Nevada, Pennsylvania, Racinos, Sociedade de Jogos de Macau, Sports, Stanley Ho, Taxes, The Strip, Tilman Fertitta, Tourism, West Virginia, Wynn Resorts
1 Comment
New Jersey: Play ball!; Brothels on the defensive in Nevada
Major League Baseball, which has a long and tortured history with gambling, is urging states other than Nevada not to copy the Silver State’s regulatory system when it comes to sports betting, Why? Nevada sports books are not required to … Continue reading
Posted in Atlantic City, Australia, Delaware, Nevada, Politics, Regulation, Sexual misconduct, Sports, Tilman Fertitta
1 Comment
Waiting game in N.J.
Tempers were frayed as New Jersey legislators debated the fine points of sports betting. Demands from major-league representatives for ‘integrity fees’ got a frosty reception. Alluding to the legal bill the Garden State ran up fighting for legalized sports betting, … Continue reading
Posted in Atlantic City, e-sports, Politics, Regulation, Sports, Tilman Fertitta
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Fertitta shut out; Gaming blogger shut down
A provision in New Jersey‘s sports-betting law is good news for MGM Resorts International and Caesars Entertainment, and bad news for Tilman Fertitta. The law bars owners of major-league teams from also offering sports betting. But a loophole exempts owners … Continue reading
Posted in Atlantic City, Harrah's, Illinois, Internet gambling, MGM Mirage, Slot routes, Sports, Technology, Tilman Fertitta
3 Comments
Adversity at Sands; Paging Katniss Everdeen
Some are blaming bad weather for two months of substantially reduced table-games winnings at Sands Bethlehem. But could casinos in the Catskills finally be having an effect? It’s hard to say, although one suspects the answer is “yes.” Sands Bethlehem tumbled … Continue reading
Posted in Atlantic City, Bruce Deifik, California, Churchill Downs, CityCenter, Entertainment, Environment, Genting, Hard Rock International, history, International, Internet gambling, Massachusetts, MGM Mirage, Mississippi, Mohegan Sun, New York, Pennsylvania, Revel, Sheldon Adelson, Sports, The Strip, Tilman Fertitta, Transportation, Wynn Resorts
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Atlantic City: Calm before the storm; Stormy weather in Louisiana
Atlantic City was stable last month, defying an unfavorable calendar (one less weekend day) and grossing $191.5 million, while online gambling had its second-best-ever month, pulling in $23 million (+10.5%). Slot handle was down 3.5%, as was revenue, while a … Continue reading
Posted in Atlantic City, Boyd Gaming, Bruce Deifik, Columbia Sussex, Dan Gilbert, Detroit, Eldorado Resorts, GLPI, Greenwood Racing, Hard Rock International, Harrah's, Illinois, Internet gambling, Isle of Capri, Louisiana, MGM Mirage, Mohegan Sun, Neil Bluhm, Penn National, Pennsylvania, Pinnacle Entertainment, Sheldon Adelson, Slot routes, Tilman Fertitta, Tropicana Entertainment
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Sports betting: A new era
Yesterday, the Supreme Court handed down its much anticipated ruling in Murphy v. NCAA and it was pure win for states and casinos itching to offer legalized sports betting, although there was some predictable disapproval. As Arizona Attorney General Mark … Continue reading
Posted in Arizona, Atlantic City, Boyd Gaming, Delaware, DFS, Eldorado Resorts, Election, Geoff Freeman, Harrah's, IGT, Illinois, Law enforcement, Maryland, Massachusetts, MGM Mirage, Mississippi, Nevada, New York, Penn National, Politics, Regulation, Rhode Island, Scientific Games, Sports, Texas, Tilman Fertitta, Tribal, Wall Street, West Virginia
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Elaine calls the shots; Now it’s Encore Boston Harbor
Wynn Resorts has been ceding to the wishes of Elaine Wynn of late but it got its back up when she demanded the removal of board member John Jay Hagenbuch. Ms. Wynn views him as a crony of her ex-husband … Continue reading
Posted in Atlantic City, Colorado, Elaine Wynn, Eldorado Resorts, Entertainment, Florida, Foxwoods, Hard Rock International, International, Internet gambling, Isle of Capri, Macau, Massachusetts, MGM Mirage, Mississippi, Mohegan Sun, Moulin Rouge, Politics, Regulation, Revel, Steve Wynn, Tilman Fertitta, TV, Wynn Resorts
3 Comments
Japan “better than feared.” Mixed bag in Louisiana
How do evolving casino casino regulations in Japan look? Well, how does ‘not as bad as expected’ sound? Trust me, that’s good news. And don’t take my word: Take that of Morgan Stanley. Taxes will be set at 30%, which … Continue reading
Posted in Boyd Gaming, Churchill Downs, Dan Gilbert, Detroit, Eldorado Resorts, Florida, Galaxy Entertainment, GLPI, Harrah's, Isle of Capri, Japan, Louisiana, Marijuana, Massachusetts, MGM Mirage, Nevada, Penn National, Philippines, Pinnacle Entertainment, Politics, Sheldon Adelson, Taxes, Tilman Fertitta, Tropicana Entertainment, Wall Street
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Bumpy month for Atlantic City; Stanley Ho has left the building
Winter has not been kind to Atlantic City, with gaming revenues down 3.5% in March ($193 million). At least Internet gaming is a bastion of strength, 17.5% more productive last month, with Golden Nugget dominating that sector with 34% market … Continue reading
Posted in Atlantic City, Churchill Downs, Dan Gilbert, Detroit, Eldorado Resorts, Greenwood Racing, Harrah's, Internet gambling, Law enforcement, Louisiana, Macau, MGM Mirage, Mohegan Sun, Neil Bluhm, Pansy Ho, Penn National, Pennsylvania, Pinnacle Entertainment, Regulation, Sheldon Adelson, Sociedade de Jogos de Macau, Stanley Ho, The Mob, Tilman Fertitta, Tropicana Entertainment
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New era at Wynn; Resorts turns 40
Kudos to Wynn Resorts CEO Matt Maddox for tacitly acknowledging that women were second-class citizens at the company. He’s created a department to promote diversity — better late than never. Wynn might say it’s not conceding anything but were there … Continue reading
Feds scrutinize Pinnacle sale; Diamond Jacks gets prominent supporter
As the big continue to get bigger, Penn National Gaming is two steps closer to becoming a 20-state, 41-casino mammoth. West Virginia and Pennsylvania‘s regulatory bodies have signed off on its absorption of Pinnacle Entertainment. Penn, however, is not counting … Continue reading
Betrayal
Mohegan Sun and Foxwoods Resort Casino need to watch their backs. A bill to reopen the state’s casino-award process has made it to the floor of the Connecticut House. The word of the state, it seems, is not worth the … Continue reading
Posted in Derek Stevens, Downtown, Entertainment, Foxwoods, Harrah's, history, MGM Mirage, Mohegan Sun, Politics, Sports, The Strip, Tilman Fertitta
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Fertitta conquers Lake Charles; Parking fees rise again
Gambling revenue in Louisiana was flat last month, but the bottom-line number doesn’t tell the whole story. For instance, Lake Charles was up 8.5% and trouble-plagued Baton Rouge was 10.5% down. In the former market, Golden Nugget vaulted 21%, to … Continue reading
Quote of the Day
“No other New Jersey online casino licensee has even eclipsed the $5 million threshold. The Golden Nugget’s pace-setting is the result of solid management, a strong platform and its willingness to innovate, such as the launch of live-dealer games.” — Steve … Continue reading
Posted in Atlantic City, Internet gambling, Tilman Fertitta
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