-
Recent Posts
- You can’t fix stupid; Good-bad news on the bayou
- If you can’t beat ’em, cheat ’em; Fun & games
- Pennsylvania soggy; Epic fail in North Carolina
- Sibella scandal spreads; Supremes forestall Seminoles
- Atlantic City rebounds; Sibella dumped; NFL suspicions
- MGM limping back; Atlantic City follies; Wall Street Jottings
- On and off the radio
- MGM crippled; Illinois & Indiana report; Bally’s shaky in Chi
- MGM paralyzed; DraftKings debacle; Mount Airy wins
- Bally’s opens, Chicago yawns; MGM, tree murderers
Categories
@Stiffs_Georges
Error: Invalid or expired token.-
Archives
Recent Comments
- Alice Eskandari on Durango Station, slightly downsized
- David McKee on You can’t fix stupid; Good-bad news on the bayou
- American Gaming Guru on You can’t fix stupid; Good-bad news on the bayou
- Ray Lebowski on Sibella scandal spreads; Supremes forestall Seminoles
- David McKee on Sibella scandal spreads; Supremes forestall Seminoles
- Ray Lebowski on Sibella scandal spreads; Supremes forestall Seminoles
- David McKee on MGM crippled; Illinois & Indiana report; Bally’s shaky in Chi
- Paul Shanahan on MGM crippled; Illinois & Indiana report; Bally’s shaky in Chi
- ACGambler on MGM limping back; Atlantic City follies; Wall Street Jottings
- Bob on Bally’s opens, Chicago yawns; MGM, tree murderers
Views
- Sibella scandal spreads; Supremes forestall Seminoles - 56,280 views
- You can’t fix stupid; Good-bad news on the bayou - 56,182 views
- If you can’t beat ’em, cheat ’em; Fun & games - 54,614 views
- Pennsylvania soggy; Epic fail in North Carolina - 55,550 views
- Atlantic City rebounds; Sibella dumped; NFL suspicions - 55,530 views
- Profit vs. investment on the Strip - 1,055,332 views
- Lame nag; Frissora overpaid? - 578,441 views
- The evils of bingo; Wynn’s Aqueduct exit - 90,461 views
- That casino smell - 63,586 views
- Bally’s opens, Chicago yawns; MGM, tree murderers - 58,068 views
- MGM crippled; Illinois & Indiana report; Bally’s shaky in Chi - 57,647 views
- MGM paralyzed; DraftKings debacle; Mount Airy wins - 57,070 views
- MGM limping back; Atlantic City follies; Wall Street Jottings - 56,697 views
Blogroll
Admin.
Category Archives: Wall Street
Goodbye, Trump Plaza; Vaccine news boosts Big Gaming
Atlantic City Mayor Marty Small (D) has found a nifty way to raise money for the Boys & Girls Club of Atlantic City: Auction off the right to push the button that implodes Trump Plaza on Jan. 29. Small hopes … Continue reading
Posted in Architecture, Atlantic City, Boyd Gaming, Caesars Entertainment, Carl Icahn, Charity, Conventions, Cretins, Dining, Donald Trump, Economy, Entertainment, Health, Internet gambling, Iowa, Las Vegas Sands, Louisiana, Macau, Maryland, Massachusetts, Melco Resorts & Entertainment, MGM Resorts International, Penn National, Phil Ruffin, Politics, Sports betting, Station Casinos, Wall Street, Wynn Resorts
3 Comments
It’s lonely in Massachusetts; A dose of realism
Massachusetts gamblers are night owls. When Gov. Charlie Baker (R) ordered casinos to close at 9:30 p.m. it took a big bite out of November revenues, particularly Encore Boston Harbor, which makes half its revenue after dark. At least you … Continue reading
State of Misery
Missouri was indeed the State of Misery last month, as casino win plummeted 18.5% to $118 million. Penn National Gaming casinos bore the brunt, plunging 27%. Overall, slot revenues of $102 million were down 17.5% while table win of $16 … Continue reading
End of the honeymoon; Virgin Hotel clings to virginity
Gaming revenue dropped last month in Maryland and precipitously so in Ohio, where the good times had really been rolling. Maryland’s $130.5 million gross represented a 7.5% dip, motivating JP Morgan analyst Joseph Greff to write that “We note the … Continue reading
Posted in AGA, Boyd Gaming, Caesars Entertainment, Churchill Downs, Cordish Co., Dan Gilbert, Detroit, Economy, Golden Gaming, Hard Rock International, Health, Las Vegas Raiders, Maryland, MGM Resorts International, Ohio, Penn National, Pennsylvania, Sports, Sports betting, Virgin Hotels, Wall Street, West Virginia
1 Comment
The empty city and other sad news
Politico took a trip to Atlantic City and found a “city without a pulse,” its Boardwalk “empty,” its casinos “limping.” One out of every three Atlantic citizens remains without a job, not surprising when casinos can only operate at reduced … Continue reading
Posted in Atlantic City, Dining, Economy, Health, International, Internet gambling, Mohegan Sun, Politics, South Korea, Sports betting, Tourism, TV, Wall Street
3 Comments
Wynn zapped again; Canada boosts DraftKings
“Most of the time we can’t even be honest with ourselves.”—The Commoner in Akira Kurosawa‘s Rashomon. If at first they don’t give you a casino in Massachusetts, litigate. And when that doesn’t work, re-litigate. That’s what pouting Suffolk Downs owner … Continue reading
Posted in Atlantic City, Canada, DraftKings, Economy, Election, Las Vegas Raiders, Massachusetts, MGM Resorts International, Mohegan Sun, Pets, Politics, Regulation, Sexual misconduct, Sheldon Adelson, Sports, Sports betting, Steve Wynn, Texas, Wall Street, Wynn Resorts
Comments Off on Wynn zapped again; Canada boosts DraftKings
Uneasy lies the head that wears Crown; IGT’s cautious future
Executives at Crown Resorts had better rethink that scheme to buy Sheldon Adelson‘s Las Vegas assets. The company, which has played fast and loose with money-laundering rules, has been provisionally denied permission to open its multibillion-dollar casino in Sydney. Regulators … Continue reading
Sports betting boffo in Illinois; Structural shift at Churchill Downs
Illinois gamblers can’t seem to find their way to a casino nowadays—but they love themselves some sports betting. The state has reached $300 million in handle faster than any in U.S. history—$305 million and change during September. “Illinois’ launch in … Continue reading
Posted in Boyd Gaming, Churchill Downs, DraftKings, FanDuel, Health, Horseracing, Illinois, Internet gambling, Kentucky, Massachusetts, MGM Resorts International, New Jersey, Penn National, Pennsylvania, Rush Street Gaming, Sports betting, Wall Street, Wynn Resorts
Comments Off on Sports betting boffo in Illinois; Structural shift at Churchill Downs
Horseplay in Massachusetts and Monday mega-jottings
At age 86, horse owner Armand Janjigian is as alive and kicking as the thoroughbreds he wants to race in Massachusetts. No, he doesn’t have a track but he’s busily snapping up land for one. He’s also going to need … Continue reading
Posted in California, Card rooms, Churchill Downs, Crown Resorts, Detroit, DFS, DraftKings, Economy, Election, FanDuel, Galaxy Entertainment, Golden Nugget, Health, Horseracing, Illinois, International, Japan, Las Vegas Raiders, Las Vegas Sands, Lotteries, Macau, Massachusetts, MGM Resorts International, Nebraska, New York, Penn National, Politics, Racinos, Regulation, Scientific Games, Sports, Sports betting, Taxes, The Strip, Tourism, Wall Street, Wynn Resorts
2 Comments
Atlantic City looking good but casinos gripe
An extra weekend in October was just what the doctors ordered for Atlantic City, where casino revenues were down just 8% last month, while sports betting surged 26%. Casinos took in $186 million and sports books $58.5 million. Internet gambling … Continue reading
Station, DraftKings, Macao all looking up
So much news … where to begin? Station Casinos got a thumbs-up from analysts at JP Morgan who met with the Fertitta Brothers and CFO Stephen Cootey. “We come away impressed with [Station’s] resolve in maximizing free cash flow at … Continue reading
Posted in Canada, China, Dining, DraftKings, Economy, Health, history, Internet gambling, Macau, Marketing, Palms, Phil Ruffin, Sports, Sports betting, Station Casinos, Wall Street
2 Comments
Wynn winning; Flyover Country keeps Caesars aloft
Wynn Resorts reported 3Q20 results yesterday and the headline item was Macao, where operating results were “soft” but “encouraging,” despite “negative to apathetic investor sentiment,” according to JP Morgan analyst Joseph Greff. Mass-market wagering was up 40% and credit issued … Continue reading
Posted in Atlantic City, Caesars Entertainment, Colorado, Conventions, Culinary Union, Dining, Diversity, Donald Trump, Economy, Election, Golden Gaming, Hard Rock International, Indiana, Internet gambling, Louisiana, Macau, Majestic Star, Maryland, Massachusetts, Michigan, Nevada, New Jersey, Planet Hollywood, Politics, Reno, Slot routes, Sports betting, The Rio, The Strip, Tourism, Wall Street, William Hill, Wynn Resorts
2 Comments
Not all that is Golden glitters; Scientific’s cause for concern
Golden Gaming reported earnings today and there was sufficient good news to be upbeat about the stock—except in Nevada. Casino revenue fell 15% in 3Q20 to $115 million. Slot routes, which ought to be trending upwards, tumbled 31% to $48 … Continue reading
Posted in Economy, Golden Gaming, Health, Internet gambling, Lotteries, Maryland, Nevada, Scientific Games, Slot routes, Sports betting, Wall Street
Comments Off on Not all that is Golden glitters; Scientific’s cause for concern
Park MGM re-closes; Gaming’s 2020 mandate
No, it’s got nothing to do with the smoking ban. Well, maybe. MGM Resorts International, as we mentioned yesterday, has decided it has too much hotel-room inventory going to waste on the Las Vegas Strip. As part of an austerity … Continue reading
Posted in Caesars Entertainment, Churchill Downs, Colorado, Dining, Economy, Election, Golden Gaming, Hard Rock International, Iowa, Louisiana, Maryland, MGM Resorts International, Nebraska, North Carolina, Penn National, Racinos, Regulation, Rush Street Gaming, Taxes, The Strip, Tourism, Tribal, Virginia, Wall Street
1 Comment
Macao gets a boost; Sisolak’s October surprise
“Encouraging” isn’t what you usually say about a 75% plunge in revenue. But in Macao, where casino win has been virtually nonexistent this year it’s cause for dancing in the streets. To be pedantic, revenues were down 72.5% but an … Continue reading
Posted in Architecture, Caesars Entertainment, China, Economy, G2E, Hard Rock International, Health, International, Japan, Las Vegas Sands, Macau, Melco Resorts & Entertainment, Nevada, New York, Oklahoma, Real Estate, Regulation, Sheldon Adelson, Taxes, The Strip, Tribal, Wall Street, Wynn Resorts
Comments Off on Macao gets a boost; Sisolak’s October surprise
MGM “unsurprising”; Penn outperforms
Analysts at JP Morgan were blasé about MGM Resorts International‘s 3Q20 report, setting their price target at $22/share. Wrote Joseph Greff, “We remain Neutral rated as we continue to see a slow recovery on the LV Strip, a market that … Continue reading
At long last, Circa; Las Vegas Strip, empty city
Yesterday was Circa Day, the opening of the most-anticipated Las Vegas casino in a long time (yes, even before Aria). Much of that buzz was due to owner Derek Stevens‘ canny mastery of PR but a spiffy new Downtown casino … Continue reading
Posted in Architecture, Boyd Gaming, Derek Stevens, Donald Trump, Downtown, Downtown Grand, DraftKings, Economy, Entertainment, FanDuel, Golden Nugget, Health, Illinois, Las Vegas Sands, Law enforcement, MGM Resorts International, Penn National, Pennsylvania, Sports betting, Terry Caudill, The Strip, Tourism, Vdara Death Ray, Wall Street
1 Comment
Strip drags down Nevada; Station, MGM upgraded
Gambling revenue in September on the Las Vegas Strip plunged 39% to $355 million, driving the worst of a 22% decline in Nevada win. By contrast, Reno and Lake Tahoe were beacons of hope, up 3.5% and 36% respectively. Downtown … Continue reading
Posted in Boulder Strip, Colorado, Cretins, Downtown, DraftKings, Economy, Indiana, Lake Tahoe, Laughlin, Law enforcement, Mesquite, MGM Resorts International, Nevada, New Jersey, North Las Vegas, Reno, Sports betting, The Strip, Wall Street, Wendover
Comments Off on Strip drags down Nevada; Station, MGM upgraded