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- David McKee on Sibella scandal spreads; Supremes forestall Seminoles
- Ray Lebowski on Sibella scandal spreads; Supremes forestall Seminoles
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Category Archives: Tribal
Near-ideal month in Atlantic City
Atlantic City casinos were, despite an extra weekend day in August, up only 6%. But, more importantly, all except one either stood their ground or grew business. They grossed $286.5 million, with symmetrical increases in slot and table revenue. A … Continue reading
Posted in Atlantic City, Boyd Gaming, Caesars Entertainment, China, Detroit, Donald Trump, Eldorado Resorts, Entertainment, Full House Resorts, Greenwood Racing, Hard Rock International, Indiana, International, Internet gambling, MGM Resorts International, Mohegan Sun, New Jersey, Ocean Resort, Ohio, Palms, Penn National, Pennsylvania, Philippines, Regulation, Sports, Sports betting, Taxes, Tilman Fertitta, Tribal, Virginia, Wall Street
2 Comments
Wall Street: The Strip is all right; Rivals pile into Waukegan
JP Morgan analyst Joseph Greff has just returned from a two-day field trip to Las Vegas. His overall reaction was “incrementally positive.” He said he sensed “a fairly steady trend line in terms of overall spend and net revenue performance.” … Continue reading
Posted in Boyd Gaming, Caesars Entertainment, Churchill Downs, Conventions, Dan Gilbert, Dan Lee, Detroit, Dining, Entertainment, Full House Resorts, Illinois, Japan, Las Vegas Raiders, Las Vegas Sands, Macau, Marketing, Maryland, MGM Resorts International, Ohio, Palms, Penn National, Resort fees, Rush Street Gaming, Sahara, Sports betting, The Strip, Tribal, Wall Street, Warner Gaming, Wisconsin
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Case Bets
Unlike people across the Pearl River Delta in Hong Kong, casino workers in Macao are relatively easy to please. Their latest set of demands will sound very familiar to Americans: a five-day work week, vacation schedules and a smoke-free environment (we’re … Continue reading
Posted in DFS, Indiana, Las Vegas Sands, Macau, Melco Resorts & Entertainment, MGM Resorts International, Michigan, Rhode Island, Sports betting, Tribal, Wynn Resorts
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Quote of the Day
“I was kind of nervous because whenever I say I’m Native American, people are like, ‘Well, you don’t look Native American.’ That can be disheartening. Going into the program I was a little nervous because I assumed everyone else was … Continue reading
Churchill Downs on the rampage
Churchill Downs execs met with Wall Street analysts and laid out their strategy going forward. The look toward their ‘historical racing’ machines at their titular track as a way to increase its cash flow as well as to help support … Continue reading
Posted in Churchill Downs, Horseracing, Illinois, Kentucky, Macau, Oklahoma, Oregon, Regulation, The Strip, Tribal, Wall Street, Wynn Resorts
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Twin tragedies in California; Upgrades at Borgata
Yesterday was World Suicide Prevention Day (and of the innumerable politicians who try to shake me down for money, only Rep. Ilhan Omar [D] had the stones to raise the taboo topic.) As though to underline the issue, this week was … Continue reading
Stall in Indiana; Adelson, Netanyahu at odds
An extra weekend day in Indiana was no help to casino revenues in Indiana, which were, on average, flat with 2018. The total gross was $186 million. The saving grace, perhaps, was that August 2018 saw revenues grow 5% but … Continue reading
Posted in Boyd Gaming, Caesars Entertainment, Dining, Eldorado Resorts, Full House Resorts, Las Vegas Raiders, Pennsylvania, Sheldon Adelson, Spectacle Entertainment, Tribal
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Stitt, tribes: “You first”; Sports betting blocked in Maine
Although he said that “we table the issue of the renewal or termination date of the exiting compact, and use our time more productively by focusing on coming to a shared vision of gaming in Oklahoma for the future,” Oklahoma … Continue reading
Posted in Las Vegas Raiders, Maine, Mandalay Bay Massacre, MGM Resorts International, Oklahoma, Real Estate, Sports, Sports betting, Taxes, The Strip, Tribal
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Sports betting: Survey says …
Trying to help the gaming industry get its arms around the onslaught of sports betting, Eilers & Krejcik Gaming did a consumer survey of the newly legitimate recreation. “For all of the hype surrounding the spread of regulated sportsbooks, there’s … Continue reading
Posted in Arkansas, DFS, Environment, Lotteries, Macau, Massachusetts, MGM Resorts International, Sports betting, Tribal, Wall Street, Wynn Resorts
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Cherokee go to D.C. (maybe); Ivey cleaned out
Native American tribes have a hard time being heard in Washington, D.C. So it was past time that the Cherokee Nation took advantage of a treaty provision two centuries old and nominated a delegate to our nation’s capitol. The actual decision … Continue reading
Massachusetts: Isn’t that special?
Although the Boston Globe gets a bit overheated about Tom O’Connell aspirations for a Region C casino they don’t get it wrong when they say O’Connell and associates “want to rewrite the rule book to suit their needs.” That means, … Continue reading
Posted in Colorado, Hooters, Horseracing, Macau, Massachusetts, Melco Resorts & Entertainment, MGM Resorts International, Mississippi, Neil Bluhm, New York, Oregon, Paragon Gaming, Penn National, Pennsylvania, Regulation, Rush Street Gaming, Sociedade de Jogos de Macau, Sports betting, Station Casinos, Technology, Tribal, Wynn Resorts
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What if they built a megaresort and nobody came?
Resorts World Catskills made it into the New York Times and not in a good way. A feature story focused on the $1.2 billion megaresort’s financial difficulties, caused in part by nine-figure loans. Empire Resorts says the casino does not … Continue reading
MGM Springfield plays rope-a-dope; Big break for Cordish
With MGM Springfield well short of revenue projections (and cutting jobs), President Michael Mathis was sent out to do PR damage control. “I feel good about the trajectory,” he claimed. He blamed Foxwoods Resort Casino and Mohegan Sun for the shortfall: We … Continue reading
Gaming and its discontents
Iowa, Nebraska and Council Bluffs continue to have their collective ass kicked in court by the Ponca Tribe of Nebraska. The latest drubbing occurred in federal district court. The plaintiffs filed motions arguing that, since Judge Stephanie Rose had asked … Continue reading
Posted in Cambodia, Connecticut, Cordish Co., Foxwoods, Genting, Iowa, Las Vegas Sands, Macau, MGM Resorts International, Mohegan Sun, Money laundering, Nebraska, New York, Penn National, Pennsylvania, Politics, Sheldon Adelson, Sports, Sports betting, Tourism, Transportation, Tribal, Wall Street
2 Comments
Chicago: Lightfoot’s folly; Penn mulls Trop expansion
Between 72% taxes and 30% operating costs, a Chicago casino is a money-losing proposition, at best one eking out a 3% profit. Union Gaming Group minced few words, reporting, “The [$15 million] reconciliation fee alone would wipe out any profits generated … Continue reading
Encore vanquishing competition; Newcomers dominate Atlantic City
Encore Boston Harbor, the best-smelling casino on the East Coast, had a crushing month, its first full one of operation. Its $48.5 million in revenue accounted for 60% of all Massachusetts gaming revenues. That breaks down as almost $1.6 million/day … Continue reading
Posted in Atlantic City, Boyd Gaming, Caesars Entertainment, Churchill Downs, Connecticut, Detroit, Eldorado Resorts, Entertainment, Foxwoods, Greenwood Racing, Hard Rock International, Internet gambling, Marketing, Maryland, Massachusetts, MGM Resorts International, Mohegan Sun, Ocean Resort, Penn National, Pennsylvania, Rhode Island, Rush Street Gaming, Sports, Sports betting, Tilman Fertitta, Tribal, Wynn Resorts
2 Comments
Rowdy night in Boston; Stitt’s standoff
All hell broke loose at Encore Boston Harbor in the wee hours of Monday morning. The first brawl broke out as nightclub patrons were leaving Mémoire. It was so bad that police had to call in backup. According to the … Continue reading
Gambling’s Wild Wild East; Wynn minimizes Hong Kong unrest
China is calling for the Philippines to crack down on its gambling industry, which Beijing considers a lawless enterprise, rife with human trafficking and worse. “It said citizens’ rights were being violated and dozens were kidnapped, tortured and physically abused … Continue reading
Posted in Australia, Crown Resorts, Florida, International, Law enforcement, Macau, Massachusetts, Melco Resorts & Entertainment, Philippines, Politics, Problem gambling, Regulation, Stanley Ho, Tribal, Wynn Resorts
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Rough month in Indiana, rougher in Missouri
Indiana gaming revenues nosed down 3% last month, for a total gross of $181 million. JP Morgan analyst Joseph Greff blames it on adverse weather from Hurricane Barry, plus intensified competition in the Louisville area. Both racinos were revenue-positive, with Hoosier … Continue reading
Posted in Architecture, Boyd Gaming, Caesars Entertainment, Centaur Gaming, Eldorado Resorts, Entertainment, Environment, Full House Resorts, Genting, Indiana, Kentucky, Massachusetts, MGM Resorts International, Missouri, Penn National, Spectacle Entertainment, The Strip, Tribal, Wynn Resorts
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Quote of the Day
“Very often, the problem gambling issue becomes more about politics than people, way too often.”—anonymous casino industry consultant, on the difficulties of treating problem gambling.
Posted in Politics, Problem gambling, Tribal
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