What is almost completely missing from this commercial? Caesars Entertainment guests are lengthily shown drinking, dining, riding the High Roller (which could use the traffic) and — as a very brief afterthought — gambling. So the company’s definitely on the curve as regards the changing demands of the Las Vegas tourist. The purpose of the spot is to promote the company’s new mechanical-check-in system, currently being field-tested at the Flamingo Las Vegas, Linq and Caesars Palace. Once any kinks are worked out, expect the system to go wide at Caesars’ Strip properties. Continue reading
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images and videos (3,235 of the latter) on his computers. Las Vegas Sun columnist John Katsilometes characterized the material in question as “simply disgusting to any civilized individual.”
trust Gaming & Leisure Properties, while Pinnacle would continue to exist as a casino-management company. This may constitute the acid test of the major qualm that surrounds casino REITs: that high rents may discourage reinvestment in the properties themselves, of which Pinnacle’s are some of the best-regarded in the business. (Unite-Here is predicating its opposition to the merger on precisely this fear.) The deal is valued at $4.1 billion. Although the result of the consolidation will be that GLPI will own multiple properties in the same market (including two of three in Baton Rouge), the REIT is in the catbird seat, collecting rent while competing managerial entities like Pinnacle and Penn National Gaming slug it out for market share. The merger has passed muster with Indiana gaming regulators but the Louisiana Gaming Control Board is still pondering it.
subsidiary Caesars Entertainment Operating Co. That’s the conclusion of court-appointed examiner Richard Davis, who’s spent the past year of his life unraveling the Caesars bankruptcy. (To add insult to injury, Caesars has to foot the bill for Davis’ time.) Posing the question of whether the removal of properties like Harrah’s New Orleans from CEOC precipitated its Chapter 11 filing,
Sociedade de Jogos de Macau —
and prohibits some forms of gambling, while permitting other forms in Indian casinos and card rooms, and even actively promoting it through the California Lottery. Some may gamble irresponsibly, and a small percentage may become addicted to gambling, but these vices or mental health issues should not constitute crimes … California should simply get off its faux moral high horse and legalize all forms of gambling.” — The Orange County Register,
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,