Want to go back to a Las Vegas casino? Now you can. In a well-meant directive that seems to be sowing a certain amount of confusion, the Nevada Gaming Control Board stated that during the current Phase I, casinos could reopen their restaurants—provided they leap several hurdles. One of the most difficult will be to provide access to the eateries without customers setting foot on the (closed) gaming floor. This holds true for restrooms as well. After all, it is a shibboleth amongst the industry that you must Continue reading
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Jersey’s retail sportsbook handle at zero and its land-based casinos generate no revenue is jarring, laying bare just how much these shutdowns are costing the industry,” said analyst Dustin Gouker. People were still betting online but, with little to wager upon, handle was a slim $54.5 million. That’s an 82.5% plunge from this time last year. Gross revenue—a measly $2.5 million—was even worse off, down 88%. As Gouker said, “The picture for the industry is not pretty, and that will continue until sports leagues figure out a way to reopen.” FanDuel‘s $1.5 million topped the market in revenue, leaving scraps for everyone else.
away as Macao but has received no concrete guidance from the Empire State yet. “We’re all kind of talking back and forth about the things we hear from around the country, making sure we’re all aware of best practices,” he said. All told, 20 casinos and racinos in New York State have been idled by the Coronavirus pandemic,
desire to acquire other businesses. The rumor mill says he has his eye on Wynn Resorts. It wouldn’t come cheap: At $79.70/share, WYNN is probably the single most expensive stock in gaming. Sands, by contrast, trades in the mid-forties. Sheldon may be in the mood for some ‘retail therapy,’ having pulled the plug on his Japan aspirations, despite Sands being one of the frontrunners. Said Adelson, “the framework around the development of an [integrated resort] has made our goals there unreachable.” That seems to be a fancy way of saying he lost patience. (Wynn, incidentally, is also targeting Yokohama, Adelson’s former city of preference.) The Sands CEO turned his aspirations toward
Entertainment, come in Caesars … ) The company calls it a “comprehensive, multi-layered approach resulting from months of consultations and guidance from public health experts.” CEO Bill Hornbuckle warns that MGM resorts won’t look they way they once did for quite some time but promises that it’s all for the best.
The owners are not without their priorities: The sacred Designated Hitter
the financial sector with $500 billion in bailouts. Too late. Now Colony will have to tap its $1 billion cash on hand and $600 million credit line. Why does Wall Street keep lending to this boob? Perhaps because he’s got
Vegas and Encore had net revenue of $324 million, down 19% from last year. And there was $140 million of ‘free money’ in the form of Encore Boston Harbor, which wasn’t open in 1Q19. Macao was a different story. Wynn Macau‘s $229.5 million was a 56% dive, while Wynn Palace plunged 64% to $259.5 million. Occupancy in Las Vegas was 80% with an average daily rate of $374. $415 million was wagered at the tables and $665 million in the slots. Win/slot/day was a far-above-average $343. Gross table revenues were $83 million and slot win $47 million.
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starting tomorrow. Most of the continuing closures make sense as they include things like gyms (think of all that sweat in the air), bars that don’t serve food, public pools, live entertainment, movie theaters, zoos, aquariums, bowling alleys, miniature golf, ‘adult entertainment establishments,’ spas and tattoo parlors, among others. Compared to many of those types of businesses, casinos seem as safe as a nursery ward. For the first time we’re beginning to think gaming is getting a bum rap.
plastic) and a sort of sports-wagering valet takes your action. The choice of wagers includes UFC 249, Korean KBO Baseball, TaylorMade Skins Match, NASCAR, Cactus Tour Golf, the Outlaw Golf Tour, South Korea K League, Belarusian Premier League, e-sports events, major sports futures, etc. (We don’t mind saying we haven’t heard of roughly half of those … but bettors can’t be choosers these days.) For deposits and contest fees you have to have the exact amount needed. No change will be made. Winning and refund tickets will be applied to application balances. The headline wager is the parlay Circa Survivor, with its 18 legs, one for each week of NFL play. Not only is there a $1 million payout to the winner, Stevens is promising a
and return Her Honor to the private life she would so richly endow. Incidentally, after reading several first-person narratives of Covid-19, we are 101% confident that if Mrs. Goodman had the disease in January, as she laughingly states “might” have happened, she A) would be in no doubt and B) wouldn’t want to put anyone else at risk. Oblivious to the dangers of the pandemic, Goodman continues to run her trap, putting fear of poverty on an equal footing with a fear of illness (an illness that has claimed more American lives than did the Vietnam War). “When,” she wailed, “is too soon too late?” In your case, Your Honor,