Category Archives: Tribal

Coney Island casino?; Mirage volcano scrapped

While New York Mets owner Steve Cohen and Las Vegas Sands continue to dither about how they might, maybe, possibly have something brewing in Flushing, other players—much lower-profile ones—have been making a move. A consortium of the Chickasaw Indians, Saratoga … Continue reading

Posted in Apollo Management, Atlantic City, Bally, Barstool Sports, BetMGM, Caesars Entertainment, Canada, Detroit, DraftKings, FanDuel, Genting, Hard Rock International, Indiana, Las Vegas Sands, Massachusetts, MGM Resorts International, Movies, New York, Penn National, PointsBet, Sexual misconduct, Sports, Sports betting, The Strip, Tribal, Wynn Resorts | 3 Comments

Report from Chicago; Gray Lady in high dudgeon

If you have a bridge in Brooklyn or perhaps some swamp land in Florida, then Oak Street Real Estate Capital would like to hear from you. It just paid $200 million for the site of Bally’s Chicago and $300 million … Continue reading

Posted in AGA, Atlantic City, Bally, Barstool Sports, California, Chicago, Diversity, DraftKings, FanDuel, GLPI, Hard Rock International, Health, Illinois, Internet gambling, Las Vegas Sands, Macau, Marketing, Maryland, Michigan, New Hampshire, New Jersey, New York, North Las Vegas, Penn National, Pennsylvania, Real Estate, Regulation, Rhode Island, Sports betting, Taxes, The Strip, Tourism, Tribal, Virginia, Wall Street, Wynn Resorts | 1 Comment

Wynn cools Massachusetts; China: “Dance, monkey, dance!”

Casinos in Massachusetts mostly did well last month, especially by pre-pandemic standards (+24%). Unfortunately, none of that lift came from Encore Boston Harbor, which had a disappointing October, down 1% and grossing $62 million. By contrast, MGM Springfield (above) impressed … Continue reading

Posted in Atlantic City, Bally, Baseball, California, China, Galaxy Entertainment, Genting, Hard Rock International, Las Vegas Sands, Macau, Massachusetts, MGM Resorts International, Nevada, Ocean Resort, Ohio, Penn National, Politics, Regulation, Sports betting, Tribal, Wall Street, Wisconsin, Wynn Resorts | 2 Comments

Indiana, what’s up?; Shuberts take on Caesars in NYC

Gaming revenue in Indiana cooled somewhat last month, as casinos banked $207.5 million, a 3% drop from last year, albeit still 16% higher than 2019. (No elaborate 2019 comparisons will be drawn because that year saw two Majestic Star boats … Continue reading

Posted in Bally, Barstool Sports, BetMGM, Boyd Gaming, Caesars Entertainment, California, Card rooms, DraftKings, FanDuel, Full House Resorts, Hard Rock International, Indiana, Las Vegas Raiders, Las Vegas Sands, Nevada, New York, Penn National, Politics, Spectacle Entertainment, Sports, Sports betting, Station Casinos, Tribal, United Kingdom, Wall Street, Wynn Resorts | 1 Comment

Wynn impresses; Curse of the Mummy’s Tomb; Culinary bombs

Wall Street analysts were across-the-board upbeat on Wynn Resorts‘ 3Q22 performance, as high-end casinos in Las Vegas continue to flourish. Although he categorized himself as “neutral,” given the evolving situation in Macao, analyst Joseph Greff of J.P. Morgan encapsulated third-quarter … Continue reading

Posted in Apollo Management, Boyd Gaming, Caesars Entertainment, California, Century Casinos, China, Culinary Union, Economy, Election, Failsinos, history, International, Internet gambling, Macau, Massachusetts, Mattress Mack, Missouri, New York, Penn National, Sheldon Adelson, Sports betting, Steve Wynn, The Strip, Tilman Fertitta, Tribal, Wall Street, Wynn Resorts | 2 Comments

Election Special: Gaming, tribes lose big

Although only 41% of all precincts have reported, it’s clear that both tribal and private-sector gaming suffered a stunning defeat in California last night. Both the tribes’ Proposition 26 and Big Gaming’s Proposition 27 are losing—and by wider margins than … Continue reading

Posted in Bally, Caesars Entertainment, California, Card rooms, Culinary Union, Election, Genting, Georgia, Hard Rock International, Las Vegas Sands, MGM Resorts International, Nevada, New York, Oklahoma, Sports betting, Texas, Tribal, Wynn Resorts | 1 Comment

Bread and circuses

Inflation or no, there is one quantifiable, incontestable fact about the American consumer. He or she is spending more—way more—on gambling than before Covid-19 and more than last year, when they had stimulus money to burn. So if there are … Continue reading

Posted in Bally, Boyd Gaming, Caesars Entertainment, California, Churchill Downs, Cordish Co., Dan Lee, DraftKings, Economy, Election, Entertainment, Full House Resorts, Golden Gaming, Greenwood Racing, Hard Rock International, Illinois, Jack Entertainment, Kentucky, Maryland, MGM Resorts International, Ohio, Penn National, Pennsylvania, The Strip, Tribal, Virginia | 2 Comments

DraftKings tumbles big-time; Big Gaming bets on red

“It’s kind of fun to do the impossible,” said Walt Disney. For the leadership of DraftKings, “the impossible” would include finding a path to near-term profitability. DKNG reported 3Q22 numbers late last week and J.P. Morgan analyst Joseph Greff called … Continue reading

Posted in Australia, Barstool Sports, Baseball, BetMGM, Brazil, Caesars Entertainment, Crown Resorts, Donald Trump, DraftKings, Economy, Election, FanDuel, Jim Murren, Kansas, Las Vegas Raiders, Macau, Mattress Mack, Nevada, New York, North Carolina, Phil Ruffin, Problem gambling, Regulation, South Carolina, Sports betting, The Strip, Tribal, Wall Street | 3 Comments

MGM, Penn disappoint, Golden droops; Tilman’s gambit

Dragged down the golden albatross that is Macao, earnings of MGM Resorts International missed analysts’ projections by a whopping $1.61 per share for a 3Q22 loss of $1.39/share. More’s the pity, as MGM did so many things right. Wall Street … Continue reading

Posted in Bally, Barstool Sports, Baseball, BetMGM, Caesars Entertainment, California, China, CityCenter, Conventions, Cosmopolitan, Detroit, DraftKings, Economy, Election, Full House Resorts, GLPI, Golden Gaming, Health, Illinois, Internet gambling, Iowa, Japan, Laughlin, M Resort, Macau, Maryland, Mattress Mack, MGM Resorts International, Mississippi, Nevada, New York, Ohio, Penn National, Pennsylvania, Rush Street Gaming, Singapore, Slot routes, South Korea, Sports, Sports betting, The Rio, The Strip, Tilman Fertitta, Tribal, Wall Street, Wynn Resorts | 1 Comment

Caesars Strip-tease; Slot flea swatted; Biden targets resort fees

In the end, all that talk of Caesars Entertainment selling a Las Vegas Strip asset was just a sham. The company probably couldn’t find any takers for the Flamingo at CEO Tom Reeg‘s preposterous asking price (ditto his equally preposterous … Continue reading

Posted in Arizona, Bally, Baseball, Caesars Entertainment, Chicago, Churchill Downs, Conventions, Cordish Co., Hard Rock International, Indiana, Internet gambling, Lake Tahoe, Louisiana, Michigan, Nebraska, Nevada, New York, Planet Hollywood, Politics, Real Estate, Resort fees, Sports betting, Taxes, The Strip, Tourism, Tribal, Virginia, Wall Street, Washington State | 4 Comments

Bullish for Boyd; Abbott does Texas two-step; D.C. remorse

Bad economy? Not if you’re Boyd Gaming. The regional giant significantly improved third-quarter income, from $843 million in 3Q21 to $877 million this year. Said CEO Keith Smith, “Continuing into October, customer spending has been very consistent with the trends … Continue reading

Posted in Alabama, Barstool Sports, Baseball, Boyd Gaming, Caesars Entertainment, California, Downtown, Economy, Election, Hard Rock International, Hawaii, Indiana, International, Internet gambling, Japan, Louisiana, Mattress Mack, Mohegan Sun, New Jersey, Pennsylvania, Politics, Sports betting, Texas, Tourism, Tribal, Virgin Hotels, Wall Street, Wynn Resorts | 2 Comments

Upsurge in Louisiana; Stitt stiffed; Fubo Sportsbook folds

In a major reversal of fortune, Louisiana casino revenue vaulted 18.5% over September 2021. Foot traffic rose 41.5%, which more than made up for thriftier gamblers: On average they lost 16% less per player. It helped the year/year comparison that … Continue reading

Posted in Animals, Bally, BetMGM, Boyd Gaming, Caesars Entertainment, California, Churchill Downs, CQ Holdings, DraftKings, Election, FanDuel, Louisiana, New York, Oklahoma, Palms, Penn National, San Manuel Band of Mission Indians, Scott Butera, Sports, Sports betting, The Strip, Tilman Fertitta, Tribal, Wynn Resorts | 2 Comments

Atlantic City slows, Massachusetts doesn’t; Mega-Jottings

Atlantic City casinos grossed $252 million last month, up 1% year/year. A 2.5% hop in slot revenue ($186.5 million) on 1% more coin-in more than made up for a 2% dip in table win ($63.5 million) on 5% lower wagering. … Continue reading

Posted in Alabama, Atlantic City, Bally, Barstool Sports, BetMGM, Caesars Entertainment, Canada, DraftKings, Election, FanDuel, G2E, Golden Nugget, Hard Rock International, International, Internet gambling, Louisiana, Massachusetts, MGM Resorts International, Mohegan Sun, New York, Ocean Resort, Penn National, Regulation, Scientific Games, Sports betting, Tribal, United Kingdom, Wisconsin, Wynn Resorts | 1 Comment

Caesars bares all; Midwest flattens; Adelson pledges neutrality

Landing a meeting with Caesars Entertainment CEO Tom Reeg, as well as several top execs, J.P. Morgan analyst Joseph Greff didn’t hear so much as a peep about the mooted Las Vegas Strip asset sale, which he assumes is on … Continue reading

Posted in Bally, Barstool Sports, Boyd Gaming, Caesars Entertainment, Canada, Century Casinos, Churchill Downs, Derek Stevens, DraftKings, Economy, Election, Full House Resorts, Golden Gaming, Hard Rock International, Illinois, Indiana, Jack Entertainment, Macau, Marketing, Maryland, MGM Resorts International, Missouri, Penn National, Sports, Sports betting, Station Casinos, The Strip, Tribal, Wall Street, Wynn Resorts | 3 Comments

Killing spree on Strip; Tilman’s newest erection revealed

Alas, today’s top story is of the “If it bleeds, it leads” variety and is written out of sheer necessity, not desire. A thirty-something Latino man, Yoni Barrios, is in custody after going on a knife-wielding spree in front of … Continue reading

Posted in Bally, Caesars Entertainment, Canada, Chicago, Churchill Downs, Cordish Co., CQ Holdings, Florida, Golden Gaming, Indiana, Las Vegas Sands, Law enforcement, Louisiana, Maryland, Massachusetts, MGM Resorts International, Penn National, Sports betting, The Strip, Tilman Fertitta, Tribal, Wall Street, Wynn Resorts | 9 Comments

Station goes off its meds; Hochul names casino pickers

Richard Schuetz writes today that “the reality of casino company board rooms is that they are overwhelmed with way too much testosterone.” That certainly seems to be the case at Station Casinos, which has announced seven projects to be executed … Continue reading

Posted in Architecture, Boulder Strip, Boyd Gaming, Churchill Downs, Downtown, El Cortez, Failsinos, history, Indiana, Michael Gaughan, New York, North Carolina, North Las Vegas, Oklahoma, Palms, Regulation, San Manuel Band of Mission Indians, Station Casinos, Tribal | 3 Comments

Weekend edition

Internet gambling produced more than Detroit‘s casinos did for Michigan last month, $131 million to $104.5 million. Unsurprisingly, BetMGM was dominant with $49 million. Thence came DraftKings ($26.5 million) and FanDuel ($19 million). Smaller fry included BetRivers ($9 million), Caesars … Continue reading

Posted in Atlantic City, Bally, Barstool Sports, BetMGM, Caesars Entertainment, California, Detroit, DraftKings, FanDuel, GLPI, Lake Tahoe, MGM Resorts International, Michigan, Mississippi, Nebraska, New Jersey, Penn National, Pennsylvania, Racinos, Rush Street Gaming, The Strip, Tribal, Unite-Here, Vici Properties, Wall Street, Wynn Resorts | 2 Comments

Wynn: Make mine Manhattan; Votes for sale; Mega-Jottings

There will be at least one serious push for a casino in the heart of New York City, now that Wynn Resorts has thrown in with Related Cos. on “an exposed and sunken rail yard” that some see as a … Continue reading

Posted in Australia, Brothels, California, CQ Holdings, DraftKings, Entertainment, Genting, Georgia, Hawaii, Japan, Law enforcement, Louisiana, Macau, Marketing, MGM Resorts International, Nevada, New York, North Las Vegas, Palms, Pennsylvania, Politics, Slot routes, Star Entertainment, Technology, Tribal, Wall Street, Wynn Resorts, Wyoming | 1 Comment

George of Georges; Bally’s crumbling; Indiana dips

Before we go any further, bravo, bravo, arcibravo to Hard Rock International to laying some serious bread on its salaried workers. As of now, the base salary for non-tipped employees at Hard Rock casinos goes from $18/hour to $21. Hard … Continue reading

Posted in Arizona, Atlantic City, Australia, Bally, Barstool Sports, BetMGM, Boyd Gaming, Caesars Entertainment, Chicago, Dining, DraftKings, Economy, Entertainment, FanDuel, Full House Resorts, Georgia, Illinois, Indiana, Penn National, Politics, Regulation, Rush Street Gaming, Sports, Sports betting, Tribal, United Kingdom, Virginia, Wynn Resorts | Comments Off on George of Georges; Bally’s crumbling; Indiana dips

Crimes and misdemeanors

Whoever killed reporter Jeff German may not be too terribly smart. Las Vegas Metro released photos of its prime suspect, dressed in “a bright orange reflective long-sleeve shirt, a pair of jeans and a straw hat that covered much of … Continue reading

Posted in California, Election, International, Kansas, Kazuo Okada, Law enforcement, Lotteries, Massachusetts, Missouri, New Jersey, New York, Pennsylvania, Philippines, Politics, Problem gambling, Regulation, Scientific Games, Sexual misconduct, Sports betting, Steve Wynn, Taxes, Tribal, Wynn Resorts | Comments Off on Crimes and misdemeanors