Life just got a little more difficult for Atlantic City. Casino owners will have to dig into their pockets in order to defeat a ballot initiative to end their monopoly on casino gambling. The referendum mustered the necessary supermajorities to clear the New Jersey Legislature and, certain to be approved by Gov. Chris Christie (R), now heads for the November ballot, where it faces a still-unconvinced electorate. The other new wrinkle in the story is Continue reading
most DFS sites are, US Fantasy 
gambling revenue was up 42%, to $15 million. In the latter department, Borgata (29% of market share and $4 million in revenue) is pulling away from the pack, although we’ll see what happens when laggard Resorts Atlantic City (9%) finally deploys its PokerStars platform this month.
led the state with $74 million. Golden Nugget had a signal month, up 37% for a $19 million gross. Despite a 2% decline, L’Auberge du Lac continued to dominate the market — and lead the state — with $27 million, while Boyd Gaming‘s Delta Downs receded 4% to $16 million. Isle Grand Palais was flat, with a $12 million gross. Boyd’s outlying properties also fared poorly, with Amelia Belle ($4 million) down 8% and Evangeline Downs retreating 9% ($9 million gross). Despite a 5% decline, L’Auberge Baton Rouge keeps crushing the competition, grossing $14 million. Gaming & Leisure Properties‘ Hollywood Baton Rouge was a distant second, with $6 million (-9.5%), while Tropicana Entertainment‘s Belle of Baton Rouge slipped 4%, to $5 million.
effective July 1. DFS sites will have to submit to twice-yearly audits and pay a $50,000 operation fee to the state. In a provision echoing one in Massachusetts, employees would be prohibited from playing on rival sites. Unlike many other states, the age of eligibility to play would be set at 18, not 21. There’s some concern, however, that the licensing fee is going to make Virginia the province of big DFS companies like FanDuel and DraftKings. The latter was appropriately grateful for the legislation, issuing a statement that read, in part, “We thank Governor McAuliffe for his leadership and advocacy and are hopeful that other states across the country will follow Virginia’s lead.”
Behind it was its patron, MGM Resorts International, which has a $950 million investment in Springfield, Massachusetts, it wants to protect. It also thinks that if a third casino in built in Connecticut, somebody — MGM? — 
project.” When National Harbor 
report on the Tropicana Las Vegas other than it was looking for “some synergies” with M Resort. (Could that be code for resort fees, which M doesn’t charge?) Although popular perception of the national economy is that it’s poor, Penn says its casinos “continue to benefit from low gas prices and see some level of wage growth. In February, [it] saw increased spend/visit and visitation up beyond any impact from leap year.” Biloxi, for some reason, “remains difficult,” but it’s a small piece of the larger Penn picture.
12 casinos (including 20 new restaurants this year) and 167 hotel rooms at Delta Downs. The company sees its balance of gaming/non-gaming revenue tipping from 80/20 to 75/25 but does not think this will be a problem, food and beverage having often been a loss leader in the past. The new “offensive” is to bring non-gaming amenities to the forefront and make them more appealing to younger customers. This capital campaign is expected to cost the company $100 million.
“We have no problem getting a gaming license, but we wanted to do something different here. We wanted a true luxury resort experience. It’s hard to have a high-quality product when you walk into ‘ding, ding, ding’ and there are people walking around in Hawaiian shirts with big plastic drink mugs.” — Eric Trump, 
National Gaming came in comfortably above Deutsche Bank analyst Carlo Santarelli‘s projections for the month. Pinnacle’s River City grossed $19 million (+12%), while its Ameristar St. Charles property hauled in $22 million (+2%). To the west, Ameristar Kansas City grossed $17 million (+9%). Penn brought in $19 million (+5%) at Hollywood Casino St. Louis and, in Kansas City, $13 million from Argosy Riverside for a 15% gain.
explicitly involved in this (as he was in a rejected Caesars Entertainment proposal for Singapore), so Che-Woo may merely be throwing ideas against the wall to see what sticks. Whatever the case, 
developers at a media event
this. Anyway, proving that what happens here 
International puts a spotlight on the company’s battle with NV Energy, from whose grid it would dearly like to extricate itself. MGM alone consumes some 7% of the utility’s power output and NV Energy maintains that residential customers would have to bear burdensome rate increases if MGM weren’t dunned handsomely for the privilege of taking its energy business elsewhere. Not only is MGM using solar power to lower its dependence on NV Energy, it’s replacing no fewer than 1.3 million light bulbs with energy-conserving LEDs.
a 40% levy on proposed north New Jersey casinos, perhaps as much as 60%. Atlantic City casinos would continue to enjoy their 8% rate. Blame it on Jeff Gural. The owner of Meadowlands Racetrack volunteered to pay as much as 55% for a Hard Rock International casino at his track. Caputo’s going to run into opposition in the state Senate, where Senate President Stephen Sweeney (D) 
Teufelberger and Manfred Bodner. The indictment was filed two months ago 
million. Even struggling Thistledown Racino managed a 3% uptick, grossing $9 million. Horseshoe Cincinnati did just fine, vaulting 14% to an $18 million gross. Penn National Gaming, meanwhile, vastly overshot JP Morgan analyst Joseph Greff‘s expectations, growing business 13% (Greff expected 2% improvement). Hollywood Toledo was up 13%, on $17 million, and Hollywood Columbus leapt 14% with a $19 million gross. Hollywood Dayton grew 7% on $8 million while Hollywood Mahoning Valley skyrocketed 21% to an 8% gross.
Two operators had revenue-negative months, with MGM Resorts International off 1% at Grand Victoria Elgin, while Boyd Gaming dropped 6% at Par-A-Dice (a result that Boyd had hinted at with layoffs and curtailed hours). The two casinos grossed $13 million and $7 million respectively.-
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