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Category Archives: Tilman Fertitta
Louisiana stutters; MLB rigs the odds
Gambling in Louisiana was a bit off the pace last month, down 4% ($187 million). Most of that was due to a terrible Baton Rouge market, tumbling 21%, while Lake Charles (+2%) remained immune. New Orleans (-2%) and Shreveport/Bossier City … Continue reading
Cold January in Atlantic City, Pennsylvania; Bull runs rampant in Vegas
Just when everything seemed settled into a comfortable groove in Atlantic City, January revenues fell off the table, down 12.5%. The silver lining, if it qualifies as that, was that online revenues ($22 million) climbed 17%. Golden Nugget, with 33% … Continue reading
Posted in Animals, Atlantic City, Boyd Gaming, Culinary Union, Current, Dan Gilbert, Detroit, Economy, Eldorado Resorts, Greenwood Racing, Harrah's, Internet gambling, Isle of Capri, MGM Mirage, Mohegan Sun, Neil Bluhm, North Las Vegas, Penn National, Pennsylvania, Pinnacle Entertainment, Sheldon Adelson, Station Casinos, Tilman Fertitta, Tropicana Entertainment
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Macao is back; Steelman predicts the future
Gross gaming revenues in Macao blew away Wall Street analysts’ estimates of 19% growth, posting a 36.5% gain. Deutsche Bank analyst Carlo Santarelli still advised caution for the near future, writing, “While [Chinese New Year] generates a lot of hype, the … Continue reading
Posted in Architecture, Atlantic City, Galaxy Entertainment, Genting, Hard Rock International, Internet gambling, Macau, Massachusetts, Revel, Steve Wynn, The Strip, Tilman Fertitta, Wall Street
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Bumpy December in Louisiana; Paddock mystery deepens
Louisiana gaming receipts ($227 million) were flat last month, although there were a number of little dramas being played out behind that bland façade. Lake Charles was up 7% and Baton Rouge casinos plunged 17%. L’Auberge du Lac was flat, … Continue reading
Posted in Boyd Gaming, California, Churchill Downs, Eldorado Resorts, GLPI, Harrah's, Isle of Capri, Law enforcement, Louisiana, Mandalay Bay Massacre, Mesquite, Pinnacle Entertainment, Politics, Regulation, Tilman Fertitta, Tribal, Tropicana Entertainment, Unite-Here
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Caesars ruins Atlantic City’s Christmas; Abandon ship
December put a bit of a chill on the Atlantic City casino economy, down 2% for the month, with an overall gross of $186 million. Over by the fireplace, Internet gambling was nice and warm, up 13%. Slot revenues were … Continue reading
Posted in Atlantic City, Dining, Florida, Glenn Straub, Harrah's, Internet gambling, Kazuo Okada, Law enforcement, MGM Mirage, Mohegan Sun, Nevada, Regulation, Revel, Security, The Strip, Tilman Fertitta, Tropicana Entertainment, TV
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‘Tis the season for buying; Putin drives out Ho
Carl Icahn could make another big score soon: Tropicana Entertainment has been cited as a likely takeover candidate by Wall Street analysts. The combination of saturated markets and low interests has led stock pickers to predict that the industry will … Continue reading
Posted in Boyd Gaming, Carl Icahn, Cosmopolitan, Eldorado Resorts, Glenn Straub, Golden Gaming, Greenwood Racing, Harrah's, International, Internet gambling, Lawrence Ho, MGM Mirage, Neil Bluhm, Pennsylvania, Revel, Sheldon Adelson, Taxes, Tilman Fertitta, Tropicana Entertainment, Wall Street
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Rethinking riverboats in Louisiana; Santa hearts Boyd; High and dry
Baton Rouge is one of the markets that hews to the archaic practice of mandating that godless gambling be conducted over water. H2O has remarkable cleansing properties on filthy casino lucre, it seems. At any rate, even though L’Auberge Baton … Continue reading
Posted in Architecture, Boyd Gaming, Churchill Downs, Current, Economy, Eldorado Resorts, GLPI, Greenwood Racing, Internet gambling, Isle of Capri, Louisiana, Macau, Palms, Penn National, Pennsylvania, Pinnacle Entertainment, Politics, Regulation, Sheldon Adelson, Sports, Station Casinos, Taxes, Tilman Fertitta, Tropicana Entertainment, Wall Street
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Atlantic City: There’s life after Trump; Bluhm dominates in Pennsylvania
Finally liberated from year/year comparisons that included the dying Trump Taj Mahal, casinos in Atlantic City experienced 3% revenue growth last month. Internet gambling did even better, leaping 20%. For the lifetime of ‘Net betting in New Jersey, this brings … Continue reading
Posted in Animals, Atlantic City, Carl Icahn, Delaware, Greenwood Racing, Harrah's, Internet gambling, MGM Mirage, Mohegan Sun, Movies, Neil Bluhm, Nevada, Pennsylvania, PokerStars, Politics, Racinos, Sheldon Adelson, Tilman Fertitta, Tropicana Entertainment, Trump Entertainment Resorts
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Swings and roundabouts in Louisiana; Sexual harassment in Las Vegas
Now that S&G has been informed that it’s Louisiana that is the Bayou State, let’s take a look at how its casinos did last month. Overall, they dropped 2% for a $198 million gross. The headline item has to be … Continue reading
Posted in Boyd Gaming, Churchill Downs, Harrah's, history, Isle of Capri, Louisiana, New York, Penn National, Pinnacle Entertainment, Racinos, Tilman Fertitta, Tropicana Entertainment, Westgate LV
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Stable in Atlantic City; Saturated in Pennsylvania
Casino business in Atlantic City was flat last month (not bad with one less weekend day), with the surviving casinos grossing $186 million. Internet revenue shot up 23.5% to $20.5 million. Slots were up 1% but tables, where wagering was down … Continue reading
Posted in Atlantic City, Dan Gilbert, Detroit, Eldorado Resorts, Glenn Straub, Greenwood Racing, Harrah's, Internet gambling, Massachusetts, MGM Mirage, Mohegan Sun, Neil Bluhm, Penn National, Pennsylvania, Pinnacle Entertainment, PokerStars, Racinos, Sheldon Adelson, Tilman Fertitta, Tropicana Entertainment
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Crown in hot water again; Wynn and whimsy
Crown Resorts just can’t stay out of trouble. On the first anniversary (roughly) of the arrest of the Crown 18 in China, the casino giant stands accused of rigging video poker machines. Parliamentary lone wolf and anti-gambling crusader Andrew Wilkie … Continue reading
Warm September for Atlantic City
Things continue to look up for the Boardwalk. Last month, Atlantic City casinos showed a 2.5% revenue increase on a same-store basis. Toss the dead weight of Trump Taj Mahal out of the year/year comparison and the growth is an … Continue reading
Posted in Atlantic City, Dan Gilbert, Detroit, Entertainment, Glenn Straub, Hard Rock International, Harrah's, Internet gambling, Marketing, MGM Mirage, Mohegan Sun, Revel, Tilman Fertitta, Tropicana Entertainment, Trump Entertainment Resorts, Wall Street
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Boxing creates boom for Nevada bookmakers
Nevada sports books saw an increase of 1,650% in August wagering. (No, that’s not a typo.) It would be an understatement to say that the Floyd Mayweather/Conor McGregor fight helped. $70 million was wagered on it, with the books keeping … Continue reading
Posted in Donald Trump, Genting, Mississippi, Regulation, Sheldon Adelson, Singapore, Sports, Technology, Tilman Fertitta, Westgate LV
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Light at end of Atlantic City tunnel; Madonna gets played
There’s one reason to look forward to November in Atlantic City: Revenue comparisons will no longer have to include the dead weight of Trump Taj Mahal. Gaming revenues were up 3.5% on the Boardwalk last month but add the Taj … Continue reading
Posted in Architecture, Aristocrat, Atlantic City, Cosmopolitan, Dan Gilbert, Detroit, Entertainment, Harrah's, Marketing, MGM Mirage, Mohegan Sun, Paragon Gaming, Scientific Games, Sports, Technology, The Strip, Tilman Fertitta, Tropicana Entertainment, Trump Entertainment Resorts, Westgate LV
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Atlantic City wins big; Typhoon Hato clocks Macao
Having trounced its opposition in last year’s election, Atlantic City continues on its roll, with its casinos posting a 20% increase in operating profit through June. “For three consecutive quarters now, the current operators reported double-digit growth in gross operating profits. … Continue reading
Posted in Atlantic City, California, Glenn Straub, Harrah's, Macau, MGM Mirage, Mohegan Sun, Revel, Sheldon Adelson, Steve Wynn, Tilman Fertitta, Tribal
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How Conor McGregor is like Donald Trump & other news
Not since the election of Donald Trump have oddsmakers been poised to take such a shellacking as at this weekend’s showdown between tomato cans Floyd Mayweather Jr. and boxing debutante Conor McGregor. Despite Mayweather’s proven track record, sports books have … Continue reading
Posted in Atlantic City, George Maloof, Harrah's, Internet gambling, MGM Mirage, Michael Gaughan, New York, PokerStars, Sports, Steve Wynn, Taxes, Technology, The Strip, Tilman Fertitta, Tribal, Westgate LV
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Fertitta scourges Pelican State rules; Macao biz booms for Wynn
“Let’s not kid ourselves: that barge is concrete. It’s not going anywhere.” With those words, Tilman Fertitta launched one of several broadsides at absurd Louisiana regulations on casinos. Not only do Pelican State casinos still have to sit in water, … Continue reading
Posted in Boyd Gaming, Churchill Downs, Eldorado Resorts, Entertainment, Environment, Foxwoods, GLPI, Greenwood Racing, Harrah's, Internet gambling, Iowa, Isle of Capri, Japan, Louisiana, Macau, MGM Mirage, Pennsylvania, Pinnacle Entertainment, Politics, Problem gambling, Racinos, Regulation, Sheldon Adelson, Steve Wynn, Tilman Fertitta, Tropicana Entertainment, Warner Gaming
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Japan sets casinos up for failure; Renegade card room in California closed
About the nicest thing Jim Murren had to say about Japan‘s casino market is that it’s “unclear at the moment.” Casino developers are bracing themselves for delivery of a 130-page report from the Expert Committee, laying out proposed regulations for megaresorts. … Continue reading
Posted in Arizona, Atlantic City, California, Cretins, Donald Trump, Election, history, Internet gambling, Japan, Maine, MGM Mirage, Pets, Regulation, Sheldon Adelson, Singapore, Sports, The Strip, Tilman Fertitta, Tourism, Transportation, Virginia
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This just in: Cotai hot, Macao not; Seminoles thrash Gilbert
In today’s dog-bites-man story, a Wall Street analyst has belatedly concluded the obvious: that the casinos on Cotai will sap business from Macao proper. Global Market Advisors analyst Andrew Klebanow wrote, “What the industry can expect to see is a pattern … Continue reading
Posted in Alabama, Atlantic City, Australia, Dan Gilbert, Georgia, Internet gambling, Macau, MGM Mirage, Ohio, Politics, Racinos, Seminole Tribe, Sheldon Adelson, Sociedade de Jogos de Macau, Stanley Ho, Steve Wynn, The Strip, Tilman Fertitta, Tourism, Wall Street
Comments Off on This just in: Cotai hot, Macao not; Seminoles thrash Gilbert
Culinary boycotts beer; Wynn stock upgraded on Macao strength
Along with Organizing Beyond Barriers, the Culinary Union is calling upon Trader Joe’s to stop carrying Gordon Biersch beer labels Josephsbrau, Black Toad Ale, and Stockyard Oatmeal Stout. Why? Because the “principals are Frank and Lorenzo Fertitta, controlling owners of the Las … Continue reading
Posted in Atlantic City, Culinary Union, Donald Trump, Harrah's, Internet gambling, Lucky Dragon, Macau, MGM Mirage, Mohegan Sun, Politics, Station Casinos, Steve Wynn, The Strip, Tilman Fertitta, Tropicana Entertainment, Trump Entertainment Resorts, Wall Street
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