“At the moment, it looks like those better days might be a bit further out than first expected, as so much uncertainty remains about what this virus will do next. Until a vaccine is created and made available, I’m afraid the industry will mostly remain in guerrilla warfare mode. [But] This industry has plenty of guerrillas to go around, including the young hotelier I talked to who is determined to come back strong.”—Hotels Chicago Editor-In-Chief Jeff Weinstein, who pegs the “new normal” as the end of 2020.
day. (Statewide, revenues were up 3%.) Strip slots were robust, gaining 7% on 7.5% higher coin-in, but non-baccarat table win was flat despite 9.5% higher wagering. Baccarat win was the spider at the picnic, falling 11.5% on 1% less wagering. Given that the comparison was a -2% February 2019, surpassing last year shouldn’t have been difficult. Locals casinos were flat, too, especially at the slots, where coin-in was up 3%. Some end-of-January handle got rolled into February but the latter also ended on 
unemployment benefits were overly generous and would encourage workers to get laid off.” 
clear how much of its 
activity associated with the casino industry, including gaming revenue, food and beverage and hotel, but also the impact on suppliers, vendors and workers.” It’s not an entirely bleak picture for the casinos, as Internet gambling is unaffected, but they’re looking at an indefinite retail closure, which is going to upend Atlantic City just when things were looking great: 21 straight months of revenue increases. Last year’s’ $3.3 billion gross has been replaced with a big question mark for 2020. Unfortunately, the American Gaming Association continues to behave recklessly, demanding an immediate resumption, public health be damned.
should be significant and its magnitude and duration uncertain, but it should not have a permanent, forever impact. And one of the more interesting values, in our view, when we look across this carnage, is WYNN,” he wrote. That isn’t because Macao is improving (“it’s really not”) or that China‘s government is easing up on visas (it isn’t) or even that Las Vegas will rebound speedily (it probably won’t). No, Wynn’s “low levels are good entry points for those with a longer time horizon and a buy-and-hold view.” Although it’s wallowing around $57/share right now, Greff sees WYNN shooting back up to $93/share.
me about it!) As though one’s immune system 
crash. That’s the literal price of owning 432,000,000 shares of Las Vegas Sands. Not that ill-fortune is crimping Sheldon’s lifestyle. He just put down $17 million on a pied-a-terre in Malibu, his ninth residence in the Colony gated community. Compared to the $138 million that Steve Wynn wants for his SoCal mansion, we’d say Adelson is a real bargain hunter. Speaking of the Wynn family, Elaine Wynn lost a cool billion in the stock market, bringing her wealth down to $1.4 billion. The Fertitta Brothers are now worth $1.6 billion apiece, which they’ll need as the fallout of a Las Vegas recession on Station Casinos would be dire indeed. But the really ill-advised tycoon may be 
continuity of leadership for the Company,” which doesn’t make much immediate sense on the face of it. Replacing Murren as chairman of the board is Paul Salem, who chairs the real estate committee of the company, which has precious little real estate left to sell. Salem said, “The nation is facing an unprecedented crisis, causing the travel and hospitality industry to grind to a near halt. It is clear that once the threat to the public health has subsided and we are ready to reopen our resorts and casinos, it will take an incredible effort to ramp back up. We believe continued steady, skilled leadership is needed in this time of great upheaval and uncertainty. Bill is one of the most experienced operators in the business and 
expansion of lottery offerings 
(and there have been some) to close up shop or face legal consequences. “I repeat, if you’re not an essential business, I’m using my power as governor under an emergency declaration to order you to close,” Sisolak said in a teleconference. “If businesses defy this directive and stay open, state and local law enforcement will have the ability to treat this as a criminal act.” Local governments are given discretion as to what fine or other punishment to levy.-
Recent Posts
- You can’t fix stupid; Good-bad news on the bayou
- If you can’t beat ’em, cheat ’em; Fun & games
- Pennsylvania soggy; Epic fail in North Carolina
- Sibella scandal spreads; Supremes forestall Seminoles
- Atlantic City rebounds; Sibella dumped; NFL suspicions
- MGM limping back; Atlantic City follies; Wall Street Jottings
- On and off the radio
- MGM crippled; Illinois & Indiana report; Bally’s shaky in Chi
- MGM paralyzed; DraftKings debacle; Mount Airy wins
- Bally’s opens, Chicago yawns; MGM, tree murderers
Categories
@Stiffs_Georges
Error: Invalid or expired token.-
Archives
Recent Comments
- Alice Eskandari on Durango Station, slightly downsized
- David McKee on You can’t fix stupid; Good-bad news on the bayou
- American Gaming Guru on You can’t fix stupid; Good-bad news on the bayou
- Ray Lebowski on Sibella scandal spreads; Supremes forestall Seminoles
- David McKee on Sibella scandal spreads; Supremes forestall Seminoles
- Ray Lebowski on Sibella scandal spreads; Supremes forestall Seminoles
- David McKee on MGM crippled; Illinois & Indiana report; Bally’s shaky in Chi
- Paul Shanahan on MGM crippled; Illinois & Indiana report; Bally’s shaky in Chi
- ACGambler on MGM limping back; Atlantic City follies; Wall Street Jottings
- Bob on Bally’s opens, Chicago yawns; MGM, tree murderers
Views
- Sibella scandal spreads; Supremes forestall Seminoles - 56,326 views
- You can’t fix stupid; Good-bad news on the bayou - 56,227 views
- If you can’t beat ’em, cheat ’em; Fun & games - 54,651 views
- Pennsylvania soggy; Epic fail in North Carolina - 55,586 views
- Atlantic City rebounds; Sibella dumped; NFL suspicions - 55,567 views
- Profit vs. investment on the Strip - 1,055,339 views
- Lame nag; Frissora overpaid? - 578,472 views
- The evils of bingo; Wynn’s Aqueduct exit - 90,469 views
- That casino smell - 63,595 views
- Bally’s opens, Chicago yawns; MGM, tree murderers - 58,111 views
- MGM crippled; Illinois & Indiana report; Bally’s shaky in Chi - 57,695 views
- MGM paralyzed; DraftKings debacle; Mount Airy wins - 57,109 views
- MGM limping back; Atlantic City follies; Wall Street Jottings - 56,742 views
Blogroll
Admin.