A ferry ride from Macao to Hong Kong proved excessively eventful
for Las Vegas Sands CEO Sheldon Adelson. He fell and cracked three ribs, causing him to miss the 10th anniversary of Venetian Macao. The plucky CEO promises to be back in Macao early next year. Said Sands China COO Wilfred Wong, “The good news is he is recovering very fast. The doctor said all he needs to do is to relax for a few days [and] let the injury heal.” S&G knows what it feels like to crack a rib and wishes Adelson the speedy recovery that Wong predicts.
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Caesars gains a mid-Indiana presence, one with room to grow. Before moving on to bigger things, Pence made it clear during the last round of gaming legislation that he didn’t want table games at the racinos. Should they become eligible for tables in 2021, Centaur’s revenue has room to grow. The company is paying $1.7 billion for the two tracks, a figure that denotes a great deal of optimism for their cash flow (as much as $25 million a year with table games added). The duo already banks $401 million a year in slot revenue.
thing that is chapping Penn National Gaming‘s ass. Penn is
item has to be a shocking, 21% plunge in business at L’Auberge Lake Charles ($24 million) which used to own the Lake Charles market. As you might suspect, Golden Nugget (+25%, $23 million) is eating Pinnacle Entertainment‘s lunch. Also struggling was Isle of Capri Lake Charles, down 7% to $9 million. Boyd Gaming‘s Delta Downs was up 7.5% to $15 million. Is Pinnacle management so dazzled with the prospect of a Penn National Gaming merger that they’re taking their eyes off the Lake Charles ball?
nearby Mohawk Harbor residential community. The bad news is, well, where to begin? Area merchants aren’t seeing any uptick in business, drunk-driving arrests are up a bit and casino grosses are a shadow of what Rush Street Gaming projected. Last month, Rivers made $11 million — the same amount that it did in three weeks in February, as the aggregate gross creeps past the $100 million mark. (Rivers’ own year-one projections were for $181 million to $222 million.)
wagering was down 4.5%, won 3.5% less, for a $48.5 million gross. Borgata made 9% less, for a total of $55 million. Of course, what constitutes a bad month for Borgata would considered cause for celebration anywhere on the Boardwalk. Despite a slight uptick in slot winnings, Borgata was punished at the tables, winning 28% less on 14% less wagering. Caesars Interactive has fallen into last place in terms of Web market share, still dominated by Golden Nugget (30%). Resorts Digital/PokerStars continues to climb into contention, nipping the Tropicana Atlantic City by a tenth of a percentage point. With two months to go in the year, ‘Net betting in New Jersey has reached its best-ever benchmark.
are demanding that the Bureau of Indian Affairs get off the fence and clarify its stance regarding the $300 million East Windsor satellite casino being developed by Mohegan Sun and Foxwoods Resort Casino. What the senators want to know is whether the existence of a satellite casino
loopholes for deductibility of interest on growth investments. Rather than take up its argument with the lower house, the industry — via the American Gaming Association —
profiling gaming’s top companies we wonder when he finds time for sleep. His recent visits have included one to Penn National Gaming, a bunch of unhappy campers since Pennsylvania legalized satellite casinos. Of course Penn National could go out and compete for its own clutch of satellites but management is currently undecided, preferring to sulk like Achilles in his tent. At least the company’s eponymous racino appears safe, Lancaster County having opted out of the satellite-casino running.
2% (to $21 million). Neighbor Hollywood St. Louis fell 8%, to $18 million. Tropicana Entertainment defied the odds at Lumiere Place (pictured), up 6% to $11 million. Over in Kansas City, Pinnacle had the worst of it, with Ameristar Kansas City down 6.5%, to $18 million, while Isle of Capri Kansas City stumbled 5% to $6 million. Argosy Riverside was up 2.5% to $13 million, while Harrah’s North Kansas City rose 4% to $14.5 million.
organizing, I’ve picketed, protested, and even fasted for seven days,” said bartender Michael Wagner, expressing his gratification. Added Gladis Sosa de Fuñes, “Everyone knows the Culinary Health Plan is the best health insurance in Las Vegas, and we want our families to have it.” In the course of taking a victory lap, the union couldn’t resist one dig at ownership. Buried in a paragraph of boilerplate praising the quality of Station’s resorts is this disclosure: “The company is controlled by Frank and Lorenzo Fertitta, who own 10-to-1 super-voting Class B shares of Red Rock Resorts.” So even though the company is now publicly ‘owned,’ never forget who’s really pulling the strings.
everyone was revenue positive for the month. Even Jack Cleveland snapped out of its funk to deliver a 10% improvement, to $17 million. Jack Cincinnati was up 9.5% for a $16 million outcome. Eldorado Resorts‘ Scioto Downs was up 7% to $13 million while struggling Belterra Park rose 6% to $7 million. Independent Miami Valley Gaming was up 2% to $12 million and slots-only Hard Rock Rocksino remained the dominant property in the Buckeye State, ascending 5% to $19.5 million.