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- David McKee on Sibella scandal spreads; Supremes forestall Seminoles
- Ray Lebowski on Sibella scandal spreads; Supremes forestall Seminoles
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Category Archives: Wynn Resorts
History repeats itself, this time as farce
Caesars Entertainment is now Eldorado Resorts‘ bitch and, as Scott Roeben reports, there’s already reason to be concerned, starting with layoffs at Caesars Palace. New CEO Tom Reeg is apparently wasting no time sending employees to the firing squad. He … Continue reading
Las Vegas: The first shall be last
Don’t stay up late waiting for business in Las Vegas to return to “normal” levels. Sin City is uniquely vulnerable to downturns in the U.S. economy (think of the Great Recession) and a trailing indicator of gambling’s health. The prime … Continue reading
Posted in Alabama, Aristocrat, Atlantic City, Boulder Strip, Boyd Gaming, China, Conventions, Downtown, Economy, Eldorado Resorts, Florida, G2E, Hard Rock International, Health, Las Vegas Sands, LVCVA, Macau, Melco Resorts & Entertainment, Ohio, Penn National, Technology, The Strip, Transportation, Wall Street, Wynn Resorts
1 Comment
Encore Boston reopens and other good news
“It put a big smile on my face,” customer Marcia Hamilton said of Encore Boston Harbor‘s reopening last Sunday. We’ll have to take the smile on faith because employees and customers alike are required to wear PPE masks. Still, Encore … Continue reading
Atlantic City protest fizzles
Well, that could have been a lot worse. The scheduled fireworks show at Mount Rushmore didn’t set off a forest fire and Boardwalk activist anarchist Steve Young failed in his goal to “shut down the city.” What did he accomplish … Continue reading
Bay State casinos to reopen
Although Massachusetts casinos are eligible to reopen on July 5, it’s looking far likelier that July 12 will be the dawn of a new era in the Bay State. One mandate certain to raise hackles is that players can no … Continue reading
Posted in Ameristar, Atlantic City, Caesars Entertainment, California, Card rooms, Cosmopolitan, Downtown, Eldorado Resorts, Entertainment, Hard Rock International, Health, history, Laughlin, Massachusetts, MGM Resorts International, Mississippi, Missouri, Mohegan Sun, Palms, Penn National, Politics, Regulation, Station Casinos, Tribal, Twin River, Wynn Resorts
2 Comments
All systems go at Ocean
Ocean Casino Resort CEO Terry Glebocki lays out how the former Revel weathered the Coronavirus shutdown, which is expected to lift tomorrow. Her first move was to suspend revenue-sharing agreements with slot manufacturers. After all, there was no revenue to … Continue reading
Wynn reinvents the buffet; Cash out, digital in?
We seem to have been overfearful in predicting the demise of the Las Vegas buffet. Wynncore‘s reopens on Thursday, making it the first to do so. But it won’t be the same old same-old. Yes, there will be 90 selections and, … Continue reading
‘Net bets carry Atlantic City; Clubs face crisis
Internet casinos are in New Jersey to stay. They grossed $86 million last month, their highest amount ever. That’s 135% more than a year ago. Golden Nugget was tops with $29 million, followed by Resorts Digital ($18 million) and Borgata … Continue reading
Posted in Atlantic City, Caesars Entertainment, Carl Icahn, Downtown, DraftKings, Economy, Entertainment, Florida, Golden Nugget, Health, Horseracing, International, Internet gambling, Las Vegas Sands, LVCVA, MGM Resorts International, Mississippi, Morris Bailey, New Jersey, New York, Ohio, Resorts World LV, Seminole Tribe, Sports, Sports betting, Steve Wynn, Taxes, The Strip, Tourism, Transportation, Wynn Resorts
2 Comments
Casino recovery still mild; Recession: The Sequel
Casinos that have reopened in Las Vegas, Louisiana and Mississippi are seeing fewer customers—but higher value ones. That’s the bottom line of a new report from JP Morgan analyst Joseph Greff, who cites data tracked by Visitdata.org. Foot traffic is … Continue reading
Very green shoots; Miller takes the lead; “Crisis fees”
It’s an open question whether we’ve tamped down Coronavirus (keep wearing those masks!) but we seem to have turned a corner in the economy, a development that bodes well for the gaming industry. According to the Boston Globe, unemployment “unexpectedly” … Continue reading
Posted in AGA, Derek Stevens, Dining, Diversity, Downtown, Economy, Health, Massachusetts, MGM Resorts International, Resort fees, The Strip, Wynn Resorts
1 Comment
Stevens doubles down; Bullish LV reopenings
Derek Stevens‘ 1,000-free-flights promotional gambit was such a wild success that the mogul has offered 700 airlifts more. But hurry: Stevens has extended his mega-comp to 12 additional cities, from Atlanta to Tampa. We only quibble about Stevens adding Boston … Continue reading
Nevada casinos to reopen; Ruffin stiffs workforce
Pending a decline in Coronavirus cases over this past weekend, Nevada Gov. Steve Sisolak (D) is expected to announce a reopening of Silver State casinos, effective June 4, which should give them time to get their paperwork filed with the … Continue reading
New cop on the beat; Are we ready for some football?
There’s a new sheriff in town. Credit Suisse analyst Benjamin Chaiken made his debut today, issuing a sweeping series of reports, covering a number of tourism sectors. Let’s cut to the chase: “This is an unprecedented time for the sector, … Continue reading
Wynn vs. Covid-19; Louisiana casinos reopen with a bang
Are high-rollers immune to Covid-19? Guess so. They’re the only ones who’ll be allowed to play craps when Wynncore and Encore Boston Harbor reopen. Truth to tell, blowing on dice seems kind of creepy in the age of Coronavirus, even … Continue reading
Posted in AGA, Boyd Gaming, Caesars Entertainment, DraftKings, Economy, Entertainment, FanDuel, Greenwood Racing, Health, Internet gambling, Louisiana, Massachusetts, Penn National, Pennsylvania, Rush Street Gaming, South Dakota, Sports betting, The Strip, Wynn Resorts
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“Green shoots” in gaming; Mega-Jottings
According to the American Gaming Association, 82 of 989 casinos in the United States have reopened, many of them in Louisiana starting today. But don’t take our word for it. Use the AGA’s Coronavirus tracker, which keeps you abreast of casino … Continue reading
Posted in AGA, Alabama, Arizona, Arkansas, Atlantic City, Boyd Gaming, Caesars Entertainment, California, Conventions, Detroit, Dining, GLPI, Golden Nugget, Health, Illinois, Iowa, Louisiana, LVCVA, M Resort, Macau, Marketing, MGM Resorts International, Michigan, Mississippi, Missouri, Ohio, Oklahoma, Penn National, Politics, Resort fees, Singapore, South Dakota, Sports, Sports betting, Station Casinos, Taxes, The Strip, Tribal, Wynn Resorts
1 Comment
July resumption for Mass casinos; Room rates rebound
Casinos in Massachusetts now know when they can reopen … more or less. Gov. Charlie Baker (R) has laid out of one of the toughest reopening regimens in the U.S. It will proceed in four phases, each phase—beginning today—lasting three weeks. … Continue reading
Posted in Caesars Entertainment, California, Derek Stevens, Downtown, Economy, Entertainment, Health, Las Vegas Sands, Massachusetts, MGM Resorts International, Oscar Goodman, Penn National, Politics, Real Estate, Regulation, Station Casinos, The Strip, Tribal, Wall Street, Wynn Resorts
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Rodio steps up; A kinder, gentler restart
Unlike some leaders in our federal government, Caesars Entertainment CEO Anthony Rodio has the stones to be seen wearing a health mask in public, as he does in a new video message to Caesars customers. Without going into the exhaustive … Continue reading
Adelson quits Japan; Caesars vague on relaunch
Las Vegas Sands CEO Sheldon Adelson has come through the Covid-19 crisis with two things most of us don’t have: A) a boatload of cash and B) a desire to acquire other businesses. The rumor mill says he has his … Continue reading
Barrack screws up (again); Boyd reopens … somewhat
Colony Capital CEO Tom Barrack is back in the news and, as usual, not in a good way. His REIT has defaulted on $3.2 billion in loans secured by 157 hotel and healthcare properties. That’s three-quarters of his holdings. Prior to … Continue reading
Boston buoys Wynn, Penn leans on Barstool
Wynn Resorts was one of three biggies to report 1Q20 results late last week and the Las Vegas Strip was the least of its problems. Wynn Las Vegas and Encore had net revenue of $324 million, down 19% from last … Continue reading
Posted in Atlantic City, Caesars Entertainment, CityCenter, DraftKings, Economy, FanDuel, Florida, Golden Gaming, history, Illinois, Indiana, Internet gambling, Las Vegas Sands, Macau, Maine, Marketing, Maryland, Massachusetts, MGM Resorts International, Penn National, Pennsylvania, Slot routes, Sports, Sports betting, Taxes, The Strip, Tourism, Wall Street, Wynn Resorts
3 Comments