Category Archives: Tribal

Sands: From bad to worse; Musk subway system approved for Vegas

Wall Street analysts were frankly underwhelmed by Las Vegas Sands‘ third quarter. Now that the company is wholly reliant upon the afflicted Macao and Singapore markets that’s hardly surprising. JP Morgan analyst Joseph Greff was pretty blunt, calling Macanese cash … Continue reading

Posted in Atlantic City, Bally, China, Cordish Co., Downtown, Economy, Election, Entertainment, Golden Nugget, Hard Rock International, Health, Illinois, Internet gambling, Las Vegas Sands, Macau, Marketing, Maryland, MGM Resorts International, Pennsylvania, Regulation, Singapore, Sports betting, Station Casinos, Technology, The Strip, Transportation, Tribal, Wall Street | Comments Off on Sands: From bad to worse; Musk subway system approved for Vegas

Pennsylvania rebounds; Mega-jottings

After grappling with the effects of gaming saturation for several months, Pennsylvania flexed its muscles in September, up 9% from 2019. The gross was $283 million. On a same-store basis (i.e., discounting the effects of new casinos), the Keystone State … Continue reading

Posted in Arizona, Barstool Sports, BetMGM, Boyd Gaming, Caesars Entertainment, California, Churchill Downs, Cordish Co., Culinary Union, DraftKings, Drugs, FanDuel, Florida, FoxBet, Genting, Greenwood Racing, Internet gambling, Law enforcement, Lotteries, MGM Resorts International, Missouri, Mohegan Sun, New Jersey, Penn National, Pennsylvania, Regulation, Resorts World LV, Rush Street Gaming, Scientific Games, Seminole Tribe, Singapore, Sports betting, Station Casinos, Taxes, Tribal | 1 Comment

Atlantic City: Boardwalk boffo, sports betting bigger still; DeSantis wins

September was a breakout month for Atlantic City casinos, which surged 11% over 2019 to $248.5 million. Slot win was 14% higher on 13% more coin-in and table games garnered 4% more on 4% greater wagering, so luck was with … Continue reading

Posted in Atlantic City, Bally, Barstool Sports, BetMGM, Caesars Entertainment, Culinary Union, DraftKings, FanDuel, Florida, Genting, Golden Nugget, Hard Rock International, Health, Illitch Family, Internet gambling, Marketing, MGM Resorts International, Mohegan Sun, New Jersey, New York, Ocean Resort, Philippines, PointsBet, Real Estate, Seminole Tribe, Sports, Sports betting, Tamares Group, Taxes, Texas, Tribal, Wall Street | 2 Comments

Biden wades into Florida swamp; New eras at Palms, Ocean

Intentionally or not, President Joe Biden (D) has done Florida Gov. Ron DeSantis (R) a solid. He wants the federal judiciary to dismiss litigation that would invalidate DeSantis’ controversial compact with the Seminole Tribe. As amusing as the spectacle of … Continue reading

Posted in Aristocrat, Atlantic City, Australia, Baseball, Boyd Gaming, Caesars Entertainment, Connecticut, Economy, Environment, Florida, Full House Resorts, Hard Rock International, Health, Illinois, Illitch Family, Lake Tahoe, Las Vegas Sands, LVCVA, Marketing, MGM Resorts International, Money laundering, Nevada, North Las Vegas, Ocean Resort, Palms, Regulation, Reno, San Manuel Band of Mission Indians, Seminole Tribe, Sports betting, Star Entertainment, Station Casinos, Technology, The Strip, Tribal, Wynn Resorts | Comments Off on Biden wades into Florida swamp; New eras at Palms, Ocean

Indiana wins big, Missouri too; Pennsylvania guv blows smoke

While the American economy overall may be a disappointment for some, Big Gaming has nothing of which to complain. Indiana is coming off another bully month, up 16% from 2019, for an overall gross of $201 million, driven in no … Continue reading

Posted in Bally, Barstool Sports, BetMGM, Boyd Gaming, Caesars Entertainment, Century Casinos, Dining, DraftKings, FanDuel, Full House Resorts, Hard Rock International, Health, Indiana, Internet gambling, MGM Resorts International, Missouri, Movies, Nevada, Penn National, Politics, Sports, Sports betting, Technology, Tribal | 3 Comments

Massachusetts talks tough; Big improvements seen at Bally’s A.C.

One of the strongest threads running through Global Gaming Expo was the fear of regulatory backlash against over-aggressive gambling marketing (especially with regard to sports betting). Well, Massachusetts doesn’t have sports betting yet but Bay State regulators are already looking … Continue reading

Posted in AGA, Atlantic City, Bally, Barstool Sports, Caesars Entertainment, DraftKings, FanDuel, G2E, Georgia, Golden Gaming, Golden Nugget, Hard Rock International, Illinois, Japan, Laughlin, Louisiana, Macau, Marketing, Massachusetts, MGM Resorts International, PointsBet, Politics, Problem gambling, Regulation, Rush Street Gaming, Sports betting, The Strip, Tribal, Wall Street | 1 Comment

Dream comes true; Recovery stays strong; DraftKings’ clock cleaned

If they can scrape together $500 million (which shouldn’t be a problem in this investment climate), developers David Daneshforooz and Bill Shopoff have the Clark County Commission‘s blessing to move forward with the Dream casino-hotel. Despite a raft of security … Continue reading

Posted in Atlantic City, Bally, Boyd Gaming, Caesars Entertainment, Charity, Churchill Downs, Cordish Co., DraftKings, Economy, G2E, Golden Gaming, Hard Rock International, Health, history, Illinois, International, Jack Entertainment, Las Vegas Raiders, Maryland, MGM Resorts International, North Carolina, Ohio, Penn National, San Manuel Band of Mission Indians, Security, Sports betting, Station Casinos, The Strip, Tribal, Wall Street, West Virginia | 1 Comment

Business comeback fuels Strip; Massachusetts fumbles sports betting

Las Vegas Strip room rates continue to demonstrate sustained strength through October and, get this, midweek traffic is driving the bus. Overall, weekday prices are up 22% versus 17% on weekends. MGM Resorts International is the pace car, +24% midweek … Continue reading

Posted in Caesars Entertainment, California, Card rooms, Connecticut, Derek Stevens, Economy, Fontainebleau, Health, IGT, International, Japan, Las Vegas Raiders, Las Vegas Sands, Macau, Massachusetts, MGM Resorts International, Mohegan Sun, Politics, Resorts World LV, Singapore, Sports, Sports betting, Taxes, The Strip, Tribal, Wall Street, Wynn Resorts | 1 Comment

Strip sizzles in August

Casinos on the Las Vegas Strip grossed $626 million last month, 20% better than August 2019. Statewide, the jump was 22% to $1.65 billion but the real overachievers were locals casinos, leaping 41% (to $250 million) with a little help … Continue reading

Posted in Atlantic City, Boulder Strip, Century Casinos, Cretins, Dining, Downtown, G2E, Genting, Hard Rock International, Health, history, Indiana, International, Lake Tahoe, Laughlin, Macau, MGM Resorts International, Missouri, North Las Vegas, Palms, Reno, Sports, Sports betting, Technology, The Strip, Transportation, Tribal, Wendover | 5 Comments

Macao fears overdone?; Dispatches from Atlantic City

After a long bout with the flu, we’re back with our usual persiflage. One of the stocks that was on the sickbed last week was Las Vegas Sands, bedridden from proposed new restrictions on Macao casinos. Deutsche Bank analyst Carlo … Continue reading

Posted in Architecture, Bally, Barstool Sports, BetMGM, Caesars Entertainment, Carl Icahn, China, Dining, DraftKings, FanDuel, FoxBet, Golden Nugget, Hard Rock International, Health, Internet gambling, Las Vegas Sands, Macau, MGM Resorts International, Michigan, New Jersey, Palms, PointsBet, Politics, Regulation, Rhode Island, Rush Street Gaming, Sports betting, Station Casinos, Tribal, Virginia, Wall Street | 1 Comment

Atlantic City slumps, as does Pennsylvania; Culinary kabuki theatre

Casinos along the Boardwalk continue to be impervious to the economic recovery that is prevalent in the gaming industry. Atlantic City was down 8% last month compared to 2019, grossing $262.5 million. Sports betting brought in $52 million (+32% from … Continue reading

Posted in Atlantic City, Bally, Barstool Sports, BetMGM, Boyd Gaming, Caesars Entertainment, Churchill Downs, Cordish Co., CQ Holdings, Culinary Union, DraftKings, Entertainment, FanDuel, Florida, FoxBet, Golden Nugget, Greenwood Racing, Hard Rock International, International, Internet gambling, Japan, Las Vegas Sands, Louisiana, Macau, Melco Resorts & Entertainment, MGM Resorts International, Mohegan Sun, Ocean Resort, Penn National, Pennsylvania, Rush Street Gaming, Sports, Sports betting, Technology, The Strip, Tribal, Wall Street, Washington State, Wayne F. Newton, William Hill, Wynn Resorts | 1 Comment

Wall Street meets Vegas, likes what it hears

JP Morgan analysts, led by Joseph Greff, are touring Las Vegas ahead of Global Gaming Expo and seem to like what they’re hearing. For instance, they met with Station Casinos CFO Steven Cootey and were told that demand continues to … Continue reading

Posted in Atlantic City, Barstool Sports, BetMGM, Caesars Entertainment, California, Canada, China, Conventions, Economy, Health, Internet gambling, Japan, Las Vegas Sands, Louisiana, M Resort, Macau, Marketing, Massachusetts, MGM Resorts International, Mississippi, New Jersey, New York, North Las Vegas, Palms, Penn National, Problem gambling, Resorts World LV, Singapore, Sports betting, Station Casinos, Taxes, Texas, Tribal, Wall Street, Westgate LV | 3 Comments

Balmy August in Indiana; The coming crisis in Vegas; MGM talks up prospects

There are signs that the regional gaming recovery is cooling (Missouri was up just 1% last month) but Indiana‘s August numbers, while not as hot as July’s, were a balmy 10% higher than 2019 as casinos grossed $203 million. Horseshoe … Continue reading

Posted in Arizona, Bally, Barstool Sports, Boyd Gaming, Caesars Entertainment, California, Conventions, Cosmopolitan, Downtown, DraftKings, Economy, FanDuel, Full House Resorts, G2E, Hard Rock International, Health, Indiana, Internet gambling, Japan, Las Vegas Sands, Louisiana, Macau, Marketing, MGM Resorts International, Mississippi, Missouri, New York, Peninsula Pacific, Penn National, Pennsylvania, Philippines, Politics, Regulation, Resorts World LV, Sports betting, Technology, Tourism, Tribal, Wall Street, William Hill, Wynn Resorts | 3 Comments

Further growth projected for Vegas; Arizona sports betting upheld

As we await tomorrow’s reopening of Main Street Station, a set of projections comes from Deutsche Bank analyst Carlo Santarelli that should have Las Vegas casino owners rubbing their hands with glee. Mind you, Santarelli might be erring on the … Continue reading

Posted in Arizona, Boyd Gaming, Cosmopolitan, Economy, El Cortez, Indiana, Las Vegas Raiders, Louisiana, Michael Gaughan, Missouri, Ohio, Sports, Sports betting, The Strip, Tribal, Wall Street | 3 Comments

Cosmopolitan drinks its own bathwater

Late yesterday Bloomberg broke the news that Blackstone Inc. is shopping The Cosmopolitan of Las Vegas … for a $5 billion minimum price. What’s even more incredible is that apparently it has suckers, er, corporations already on the hook. Why … Continue reading

Posted in Caesars Entertainment, CityCenter, Cosmopolitan, DraftKings, Golden Nugget, Indiana, Japan, Las Vegas Sands, Law enforcement, MGM Resorts International, Missouri, Penn National, Politics, Real Estate, Resorts World LV, Slot routes, The Strip, Tilman Fertitta, Tribal | 2 Comments

FanDuel gets up all up in your grille; Tahoe casinos: Fire? What fire?

What will sports-betting advertising be like once football season starts? Our prediction is for overkill, followed by backlash. As though to prove our point, FanDuel is unleashing a national ad blitz with a minute-long TV spot called “Anthem.” It’s so … Continue reading

Posted in AGA, Arizona, Atlantic City, Bally, BetMGM, Caesars Entertainment, California, DraftKings, Election, FanDuel, Florida, G2E, Health, International, Lake Tahoe, Marketing, Mississippi, North Carolina, Paragon Gaming, PointsBet, Politics, Seminole Tribe, Slot routes, Sports, Sports betting, Tribal, TV, William Hill | 1 Comment

Ida hits coastal casinos; Case Bets

Gulf Coast casinos are currently weathering Hurricane Ida and can be optimistic—at least in Mississippi—that it will not be a replay of Hurricane Katrina, now that all the coastal casinos are onshore. However, garages are flooding and casino doors are … Continue reading

Posted in Arizona, Atlantic City, Bally, BetMGM, Churchill Downs, Crown Resorts, DraftKings, FanDuel, Genting, Golden Nugget, James Packer, Japan, Melco Crown Entertainment, Mississippi, Ocean Resort, Oregon, Penn National, Rush Street Gaming, Sports, Sports betting, Technology, The Strip, Tribal, Westgate LV, William Hill, Wisconsin, Wynn Resorts | 3 Comments

Strip sets all-time record

Could last month’s Las Vegas Strip revenues really have been 46.5% higher than in July 2019? That’s what Wall Street analysts are telling us (Deutsche Bank‘s Carlo Santarelli says he only anticipated +5%) and there’s no reason to doubt them. … Continue reading

Posted in Arizona, Atlantic City, Barstool Sports, Baseball, Boulder Strip, Boyd Gaming, DFS, Downtown, FanDuel, Health, Japan, Laughlin, Michigan, Mississippi, North Las Vegas, Pennsylvania, Regulation, Reno, Sports, Sports betting, Tennessee, The Strip, Tourism, Transportation, Tribal, Unite-Here, Wall Street | 1 Comment

Bargains galore at Caesars; Station savages Culinary; Mega-Jottings

Caesars Entertainment is holding a fare sale across its non-Las Vegas properties, a possible signal that the stimulus-fueled recovery may be cooling (in economics, what goes up must come down). In Atlantic City you have your choice of such starting … Continue reading

Posted in Animals, Arizona, Atlantic City, Barstool Sports, Boyd Gaming, Caesars Entertainment, Culinary Union, Dining, Downtown, Health, Indiana, International, Iowa, Lake Tahoe, Laughlin, Louisiana, Marketing, Mississippi, Missouri, New Jersey, New York, North Carolina, Palms, Peninsula Pacific, Reno, Sports, Sports betting, Station Casinos, Tribal, World Series of Poker | 2 Comments

Lake Charles leads Louisiana; Caesars welcomes super-spreaders

Louisiana casino revenues continue to march upward, gaining 10% over 2019 in July. The statewide gross was $222 million. Business was especially lively in Baton Rouge, up 32%. That was propelled by L’Auberge Baton Rouge, vaulting 41% to $16 million. … Continue reading

Posted in AGA, Boyd Gaming, Caesars Entertainment, Churchill Downs, CQ Holdings, Economy, FanDuel, Georgia, Golden Gaming, Golden Nugget, Health, Las Vegas Raiders, Louisiana, Penn National, Pennsylvania, South Korea, Tribal, Unite-Here | 2 Comments