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- Atlantic City rebounds; Sibella dumped; NFL suspicions
- MGM limping back; Atlantic City follies; Wall Street Jottings
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- 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
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Category Archives: Wall Street
DraftKings, MGM play chicken, MGM wins; Highway robbery in N.Y.
As we’ve written elsewhere, this was supposed to be The Year of Sports Betting … before the Covid-19 Delta variant reared its ugly head (and that was before Coronavirus knocked us out of Global Gaming Expo). But sports betting could … Continue reading
Posted in Alaska, Bally, DraftKings, Economy, Georgia, Illinois, Indiana, Las Vegas Sands, Louisiana, MGM Resorts International, New York, Politics, Slot routes, Sports, Sports betting, Steve Wynn, Taxes, The Strip, Tribal, Wall Street
1 Comment
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
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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
Boyd, Caesars express optimism; Atlantic City slows
Continuing JP Morgan‘s march through Las Vegas, senior analyst Joseph Greff met with Boyd Gaming CEO Keith Smith and CFO Josh Hirsberg. They seemed pleased, on the whole, marveling and the resilience of their customers, whose play was “amazingly consistent” … Continue reading
Posted in Arizona, Atlantic City, Australia, Boyd Gaming, Caesars Entertainment, Conventions, Cosmopolitan, Crown Resorts, Downtown, Economy, Golden Nugget, Hard Rock International, Hawaii, International, Internet gambling, Las Vegas Sands, Marketing, Massachusetts, MGM Resorts International, Mississippi, Ocean Resort, Penn National, Pennsylvania, Sports betting, The Strip, Transportation, Wall Street, Wynn Resorts
4 Comments
China kicks sand in Big Gaming’s face; Penn lobbies for special status
You could say that getting into bed with Red China was a devil’s bargain and Satan has come to collect. Or that Beijing has finally decided to show everyone who’s boss. Either way, the central government played Big Gaming for … Continue reading
Posted in AGA, Australia, Bally, China, Crown Resorts, G2E, Galaxy Entertainment, Health, Illinois, Louisiana, Macau, Massachusetts, Melco Resorts & Entertainment, MGM Resorts International, Penn National, Pennsylvania, Politics, Racinos, Rhode Island, Taxes, Wall Street, Wynn Resorts
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Maryland, Ohio prosper; Sands scraping bottom in Macao
Regional gaming continues to be a gravy train. Maryland casinos grossed $168.5 million in August, up 9% from 2019. Just think how much better the take would have been had the month not been two weekend days shorter than August … Continue reading
Posted in Arizona, Boyd Gaming, Caesars Entertainment, Churchill Downs, Cordish Co., Golden Gaming, Hard Rock International, Health, Jack Entertainment, Las Vegas Raiders, Las Vegas Sands, Macau, Maryland, MGM Resorts International, Movies, Ohio, Penn National, Sports, Sports betting, Taxes, Wall Street
2 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
Competitive vitality in Pennsylvania; The politics of casinos
Pennsylvania was late to the casino-recovery party but it’s finally arrived, up 1% in July over 2019 for a gross of $310 million, of which $223 million was won at the slots. The good news may be short-lived, in that … Continue reading
Posted in Alex Meruelo, Atlantic City, BetMGM, Boyd Gaming, Caesars Entertainment, California, Card rooms, Centaur Gaming, Churchill Downs, Cordish Co., Derek Stevens, DraftKings, Economy, Entertainment, FanDuel, FoxBet, Greenwood Racing, Health, Indiana, Internet gambling, Japan, Law enforcement, Marketing, Michael Gaughan, Mohegan Sun, Nevada, Oklahoma, Oregon, Penn National, Pennsylvania, PointsBet, Politics, Regulation, Rush Street Gaming, South Korea, Spectacle Entertainment, Sports betting, Station Casinos, Tamares Group, Taxes, Texas, Tribal, TV, Wall Street, West Virginia, Wynn Resorts
1 Comment
Open season in New York; Ohio, Missouri boom; Scientific baffles
Rather than face (well-deserved) impeachment, New York State Gov. Andrew Cuomo (D) resigned in disgrace today. Which happened to coincide with the disclosure of the companies which have applied to be online sports betting provider(s) for the Empire State. Cuomo’s … Continue reading
Posted in Atlantic City, BetMGM, Boyd Gaming, Caesars Entertainment, DraftKings, FanDuel, Florida, FoxBet, Genting, Golden Gaming, Golden Nugget, Hard Rock International, Horseracing, Internet gambling, Las Vegas Sands, Lotteries, MGM Resorts International, Missouri, New York, Ocean Resort, Ohio, Penn National, Pennsylvania, PointsBet, Politics, Rush Street Gaming, Scientific Games, Seminole Tribe, Sexual misconduct, Slot routes, Sports betting, Wall Street, William Hill, Wynn Resorts
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