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Category Archives: Transportation
Nevada: Strip weak, locals strong; Busing it to Macao
Las Vegas Strip gambling revenues were down 4% last month to $552 million. Some of that is attributable to an impossible baccarat comparison. In March 2018, baccarat win was up 118%. Last month it was down 56% on 43% less … Continue reading
Posted in Animals, Architecture, Arkansas, Australia, Boulder Strip, Downtown, Lake Tahoe, Laughlin, Lotteries, Macau, Mesquite, Nevada, New Mexico, North Las Vegas, Reno, South Korea, Sports betting, The Strip, Tourism, Transportation, Tribal
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Fall of the Roman Empire
Eldorado Resorts is no longer the only bidder allowed access to Caesars Entertainment‘s “data room.” Tilman Fertitta now has free run of the place, as the bidding for Caesars—expected to begin in earnest next week—heats up. According to the New … Continue reading
MGM: The first shall be last … or something like that
Closing out the J.P. Morgan Gaming & Lodging Management Access Forum were execs from MGM Resorts International. The company’s four priorities were stated as 1) drive organic growth, 2) bring new properties up to speed in terms of revenue performance, 3) … Continue reading
Gaming speaks: Wynn, Sands, Scientific
Wynn Resorts exuded overconfidence in a meeting with JP Morgan analysts. It’s already booking revenue from Encore Boston Harbor without knowing it’s going to hang onto the license. It also expects new revenue to be driven by the debut of … Continue reading
Posted in Caesars Entertainment, Carl Icahn, Illinois, International, Japan, Las Vegas Sands, Macau, Massachusetts, Pennsylvania, Scientific Games, Singapore, South Korea, The Strip, Tourism, Transportation, Wall Street, Wynn Resorts
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Tunnel travel in Vegas?; Icahn raises the ante
As the Las Vegas Convention Center expands to proportions once seemingly unimaginable (two miles in length), the governing authority is looking for new methods to get conventioneers around it — especially to their parked cars. The Las Vegas Convention & … Continue reading
Posted in Arizona, Caesars Entertainment, Carl Icahn, Law enforcement, LVCVA, The Strip, Transportation
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Wynn Resorts walloped
We’ve been down for a day and half for maintenance but S&G is back now with a doozy of a news dispatch: The good news for Wynn Resorts is that it gets to keep its Nevada gaming license. The bad … Continue reading
Posted in Cantor Gaming, Culinary Union, Donald Trump, history, Massachusetts, Politics, Prostitution, Real Estate, Regulation, Sports, Steve Wynn, Transportation, Wall Street, Wynn Resorts
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Clouds over Macao; What Sheldon wants, Sheldon gets
Cameron McKnight of Credit Suisse is projecting gambling-revenue flatness in Macao (despite higher tax returns) through 2019 and into 2020, despite a record amount of available credit in China. “Stronger credit data may partially assuage China macro concerns, as it … Continue reading
Monorail to the rescue of Grand Bazaar; Golden Nugget on the block?
We thought the Las Vegas Monorail was the biggest charity case on the Las Vegas Strip. However, the Grand Bazaar Shops — where Strip retail finally jumped the shark — is apparently even worse off. We say this because of … Continue reading
So long, Total Rewards; MGM goes to Yonkers
Despite one less weekend day than 2017, December was good for the Las Vegas Strip. Visitation was up over 2% and room revenues leapt 16% to an average of $104/room. This was particularly impressive given a 23% decline in convention … Continue reading
Posted in Caesars Entertainment, Economy, Harrah's, International, Internet gambling, Macau, Marketing, Massachusetts, MGM Resorts International, New York, Regulation, Sexual misconduct, Steve Wynn, Taxes, The Strip, Tourism, Transportation, Wynn Resorts
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Pac-12 to Vegas?; Climate change rattles travel industry
Pac-12 football championship play could be coming to Las Vegas. I emphasize the “could” because there are several moving parts to this story, including the possibility that Las Vegas and Los Angeles are pawns in the conference’s attempts to shake … Continue reading
Posted in Atlantic City, Bruce Deifik, California, Environment, International, Sports, Sports betting, The Strip, Tourism, Transportation
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Sands disappoints Wall Street
Las Vegas Sands reported 4Q18 results yesterday and the result wasn’t what Wall Street had been hoping. Take the rapidly morphing reaction of Credit Suisse analyst Cameron McKnight. He went from “Good Read Thru” to “Disappointing 4Q Against Elevated Expectations” … Continue reading
Posted in Economy, Las Vegas Sands, Macau, MGM Resorts International, Singapore, Sports, Sports betting, The Strip, Transportation, Wall Street
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Deifik defects from Atlantic City; Stevens unveils new casino
That was brief. After six months of operation at Ocean Resort, owner Bruce Deifik wants out. Word is he’s found a mystery buyer, one who will invest $70 million in “a new buffet, additional hotel suites, gaming floor improvements and … Continue reading
Reid rages against the dying of the light; Michigan nixes Net bets
Nevada‘s most famous gaming regulator is dying. Harry Reid has pancreatic cancer and we’d say he’s throwing verbal restraint to the winds now that he has nothing to lose — but that has always been Reid’s style. The New York … Continue reading
Posted in AGA, Caesars Entertainment, Donald Trump, Harry Reid, history, Internet gambling, Japan, Massachusetts, Politics, Regulation, Sexual misconduct, Sports, Sports betting, Tourism, Transportation, Wynn Resorts
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Case Bets
Station Casinos is bringing two name-brand chefs to the upgraded Palms. Between high-in-the-sky Vetri Cucina and Michael Symon‘s Mabel’s BBQ, I wouldn’t know which to choose. (My mouth is watering as I type this.) Fortunately, Las Vegans riding a burgeoning … Continue reading
Posted in Dining, Internet gambling, Kentucky, Macau, Movies, Palms, Philippines, PokerStars, South Korea, Station Casinos, Tourism, Transportation, Vietnam
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Christmas Case Bets
Macao is expected to set a record for visitation this, no doubt to the delight of casino executives in the enclave. If 32.5 million tourists came in 2017, they will be topped by the 35 million who came this year … Continue reading
Posted in Architecture, Baseball, Caesars Entertainment, Detroit, Economy, Hard Rock Hotel, Internet gambling, Macau, Politics, Station Casinos, Taxes, Tourism, Transportation, Tribal, Virginia, World Series of Poker
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Atlantic City sparks controversy; Resort fee change at Cosmo
Faced with a 9% drop in operating profit at Atlantic City casinos, pundits are squaring off as to whether this means doom for the laggards. Analyst Tony Marino told The Press of Atlantic City that it “might be wise to … Continue reading
Scientific pays up; Clouds over Macao
“While we firmly believe that the jury decision was wrong, we are pleased with the outcome of the settlement and that this matter will be resolved for good,” said Scientific Games Chief Legal Officer James Sottile, trying to spin a … Continue reading
Moderate-sized trouble in Little China
There’s trouble ahead for Macao but the casino industry has plenty of time to brace for impact. Credit in China is down 6% year over year. As Credit Suisse analyst Cameron McKnight reports, “Weak credit data is likely to exacerbate … Continue reading
Posted in Dining, Economy, Galaxy Entertainment, Las Vegas Sands, Macau, Melco Resorts & Entertainment, MGM Resorts International, Sociedade de Jogos de Macau, Tourism, Transportation
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Vegas ranks high for New Year’s Eve; MGM Springfield initiates bus service
WalletHub is out with a New Year’s Eve survey that ranks Las Vegas as the fifth-best city in which to celebrate the holiday, New York City (of course) led the list, followed by Los Angeles, Atlanta (see, we need casinos … Continue reading
Posted in Atlantic City, California, Connecticut, Foxwoods, Georgia, Japan, Lawrence Ho, Marketing, Massachusetts, Melco Resorts & Entertainment, MGM Resorts International, Mohegan Sun, New Hampshire, New York, Philippines, Problem gambling, Reno, Sports, The Strip, Transportation, Tribal
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MGM, Cordish clean up in Maryland; Pennsylvania a cash cow
It was another good month at MGM National Harbor, which grossed almost $2 million per day in November, an above-average take for the pleasure palace. Slots were up 15% (to $31 million) while table games leapt 46%, grossing $26 million. … Continue reading
Posted in Boyd Gaming, Caesars Entertainment, Churchill Downs, Cordish Co., DFS, Economy, Eldorado Resorts, GLPI, Golden Gaming, Illinois, Internet gambling, Japan, Macau, Maryland, MGM Resorts International, New Jersey, Penn National, Pennsylvania, Rush Street Gaming, Sports betting, Taxes, Tourism, Transportation, Wall Street, West Virginia
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