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Category Archives: William Hill
Maryland: More gamblers = more money; Illinois improving
What will prompt recovery in gaming? Stimulus money, yes, but we got a strong indicator of something else out of Maryland last weekend. Overall, casino revenues were down 16.5% but the story is more complicated than that. At facilities restricted … Continue reading
Posted in AGA, Australia, Bally, Boyd Gaming, Caesars Entertainment, Canada, Churchill Downs, Connecticut, Cordish Co., Crown Resorts, DraftKings, FanDuel, Foxwoods, Golden Gaming, Illinois, Internet gambling, Iowa, Maryland, MGM Resorts International, Mohegan Sun, Penn National, Problem gambling, Sports, Sports betting, TV, Wall Street, West Virginia, William Hill
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Roman Empire conquers Venice
In a dramatic, dead-of-night deal, Las Vegas Sands sold The Venetian and Palazzo to a REIT/private-equity combo of Vici Properties and Apollo Management for $6.25 billion. Vici and Apollo obviously have a considerable appetite for risk on the Las Vegas … Continue reading
Sports bets a hit in Virginia; Vegas recovery an iffy prospect
Online sports betting was quick out of the gate in Virginia—$59 million in handle in 11 days—although books spent so much money acquiring customers that they took a loss on the month. “Debuting ahead of the NFL’s conference championship games … Continue reading
Posted in Atlantic City, Bally, Caesars Entertainment, Canada, Conventions, DraftKings, Economy, FanDuel, Health, history, IGT, Internet gambling, Las Vegas Sands, Lotteries, LVCVA, Marketing, Maryland, MGM Resorts International, Michigan, Resort fees, Rhode Island, Rush Street Gaming, Scientific Games, Sports betting, Tennessee, The Strip, Tourism, Transportation, United Kingdom, Virgin Hotels, Virginia, Wall Street, William Hill, Wynn Resorts
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Wynn surprises few; Maryland stabilizes, Iowa impresses
It’s earnings-report time for Wynn Resorts and JP Morgan analyst, Joseph Greff, for one, is feeling blasé about the numbers. “Overall, we’d characterize the quarter as in line with investors’ recent expectations, and its earnings conference call outlook commentary as … Continue reading
Posted in Boyd Gaming, Caesars Entertainment, California, China, Churchill Downs, Cordish Co., Dining, DraftKings, Entertainment, FanDuel, Golden Gaming, Health, International, Internet gambling, Iowa, Las Vegas Sands, Macau, Marketing, Maryland, Massachusetts, MGM Resorts International, Michigan, Penn National, Pennsylvania, Rush Street Gaming, Sports, The Strip, Wall Street, West Virginia, William Hill, Wynn Resorts
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Profile in cowardice; Sheldon Adelson’s ghost
We were sure this was a story from The Onion or the Babylon Bee but, no, it’s really a thing. Rodney Baker has resigned as CEO of Great Canadian Gaming Corp. after bringing disgrace upon it with a vaccination caper … Continue reading
Posted in Architecture, Boulder Strip, Boyd Gaming, Caesars Entertainment, Canada, Churchill Downs, Cretins, Culinary Union, DraftKings, FanDuel, Health, Illinois, Indiana, Law enforcement, MGM Resorts International, PointsBet, Politics, Regulation, Sheldon Adelson, Sports, Sports betting, Tennessee, Tribal, Wall Street, William Hill, Wynn Resorts
2 Comments
Louisiana doldrums; Philadelphia Live sparkles
Does reporting bad news get tedious? You bet! But it comes with the turf. Louisiana casino winnings declined 23% last month, in keeping with the national average. Penn National Gaming casinos got off easiest, slipping 11%, while Boyd Gaming ones … Continue reading
Posted in Animals, Bally, Baseball, Boyd Gaming, Caesars Entertainment, Churchill Downs, Colorado, Connecticut, Cordish Co., CQ Holdings, Cretins, Dining, DraftKings, Economy, FanDuel, FoxBet, Foxwoods, Golden Nugget, Health, Illinois, Indiana, Internet gambling, Jim Murren, Law enforcement, Louisiana, Marketing, Massachusetts, MGM Resorts International, Mohegan Sun, Nevada, New Jersey, Penn National, Pennsylvania, Politics, Rush Street Gaming, Sports, Tennessee, Wall Street, West Virginia, William Hill
3 Comments
This just in …
MGM Resorts International is all over the news today. It just made a play for BetMGM partner Entain. It’s offering a stock swap of six-tenths of a share of MGM for every share of Entain, a transaction that Credit Suisse … Continue reading
Posted in Caesars Entertainment, Internet gambling, Macau, MGM Resorts International, Sports betting, The Strip, Wall Street, William Hill
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Vegas scraping bottom; Caesars fined big-time
Rising numbers of Covid-19 cases “pressured visitation” to Las Vegas last month and a total absence of conventions didn’t help either, according to JP Morgan analyst Joseph Greff. Tourism was down 57%, which drove a devastating 70% decline in revenue … Continue reading
Circa debut boosts Downtown; Lots of moving, shaking predicted for ’21
Although casinos across the nation have been swooning in November, results in Nevada—which we feared would take it worse than average—were in line with national trends, a victory of sorts. Statewide, gaming win fell 18% and the Las Vegas Strip, … Continue reading
Posted in Boulder Strip, Boyd Gaming, Caesars Entertainment, Cirque du Soleil, Derek Stevens, Dotty's, Downtown, Economy, Failsinos, Fontainebleau, GLPI, Internet gambling, Lake Tahoe, Las Vegas Sands, Laughlin, Mesquite, MGM Resorts International, Nevada, North Las Vegas, Palms, Planet Hollywood, Regulation, Reno, Resorts World LV, Seminole Tribe, Sheldon Adelson, Sports, Sports betting, Station Casinos, The Rio, The Strip, Virgin Hotels, Wendover, William Hill
2 Comments
Cosmo quits buffet biz (for now); NFL going out with a bang
South Point will have to go it alone in the Strip buffet department now that The Cosmopolitan of Las Vegas has shut down Wicked Spoon “temporarily.” Wicked Spoon had a good, seven-month run during the pandemic but the language used … Continue reading
Pigskin parade
In spite of high hold percentages and no brick-and-mortar venues, Tennessee sports books came out of the blocks at a blinding pace. November handle was $131.5 million, the most for any first month in any state, ever. (Indiana debuted at … Continue reading
Gaming slows across Midwest … except in Ohio
Caesars Entertainment CEO Tom Reeg must have dropped some extra-potent LSD before his last investor call. His comments were summarized by one auditor as, “When we get into a Post-COVID world Pent-Up demand you’re going to see for Gaming And … Continue reading
Posted in Boyd Gaming, Caesars Entertainment, Churchill Downs, Cordish Co., Dan Gilbert, Detroit, DraftKings, Economy, FanDuel, Full House Resorts, Golden Gaming, Hard Rock International, Indiana, Las Vegas Raiders, Maryland, MGM Resorts International, Ohio, Penn National, Spectacle Entertainment, Sports, Sports betting, Twin River, West Virginia, William Hill
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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
Vegas: Too much, too soon?
Did Las Vegas reopen too swiftly and too soon? Has it, in fact—as we asked and Las Vegas Sands President Rob Goldstein heavily implies—jumped the shark? It has for 1,200 Las Vegas Strip workers. In addition to 828 already-reported sackings … Continue reading