“To the world, he was a legend, an actor from the golden age of movies who lived well into his golden years, a humanitarian whose commitment to justice and the causes he believed in set a standard for all of us to aspire to.”—Michael Douglas, paying tribute to father Kirk Douglas, who died yesterday at age 103.
of the virus being reported in a Galaxy Entertainment employee, meaning it has penetrated the enclave’s signature industry. (A Sociedade de Jogos de Macau bus driver was also infected.) You can kiss February goodbye—Wall Street is predicting a 60% (you read that right) revenue plunge—and 1Q20 is probably toast as well. In an effort to contain the spread of the virus, the Macanese government has asked casino companies 
experience solid 2% to 3% [gross gaming revenue] growth and possesses the ability to harvest margin growth as well.” As for the elephant in the middle of the casino floor, “We think Palms [cash flow] expectations have come down to realistic levels, so profit drags from this property should be in the rear view mirror at this point, a statement we could/would not have made at any point last year with any conviction.” While plans for Durango Station, a hotel-less casino in Reno and a replacement for Days Inn at Wild Wild West went onto the back burner nearly a year ago, Greff expects Station’s next move to be to divest itself of 
billion, so it’s not like they were hearing crickets. However, February is shaping up to be just as bad, if not worse, kicking the narrative of strong gambling-revenue recovery in 2020 into a cocked hat. Declines of 30% are being bruited about, according to the New York Times, at least as long as authorities are curbing travel within the mainland. Lunar New Year has been extended through the weekend, not to promote tourism but to keep banks and other businesses closed. Macao has reported seven cases of coronavirus with a watching brief being kept on another 31 potentially affected people. To say that all this is “presenting significant headwinds” to the casino industry earns a prize for understatement.
couple of trips to the ATM necessitated negotiating the casino floor between apparent members of rival gangs, hurling heated imprecations at each other across the gaming tables. It was a miracle that the disputes weren’t settled by gunplay, which seemed imminent. Since then, Valentine’s Day has passed uneventfully on the Las Vegas Strip and WalletHub deems the fair city of LV to be the fifth-best place to celebrate the occasion. Pourquoi? Well, we’re tops in the number of attractions, fourth in restaurants (and gift-card stores) per capita, fifth in 
20-year, no-bid juice job for IGT.) The new company will be split 60/40 in IGT’s favor and be contracted to provide slot machines and electronic lottery terminals to the state. For its part, Twin River 
incrementally, albeit flat in casino-resident cities like Plainville and Springfield. Heck, even casinos had the foresight to offer lottery-ticket sales. Says Massachusetts Lottery Commission Executive Director Michael Sweeney, “I don’t think it’s had any marginal impact, either negatively or positively.” In other words, lottery players 
blew out the 1.5-point money line on the margin of victory, though. As for prop bets, no, Jennifer Lopez and Shakira did not kiss (yes, that was a real prop bet). Pitbull did not take the stage at halftime (ditto) nor did Alex Rodriguez (ditto and what would he be doing up there anyway?). And now a moment of silence for the million dollars that John “Mattress Mack” McIngvale blew on the 49ers, bringing his postseason losses to $3 million. Obviously it does not pay to bet against the Chiefs. But it does pay for sports books to take McIngvale’s action, considering his chronic inability to pick winners (remember his big World Series loss?). He’s as conspicuous a mark as has come down the pike in quite a while and the books should be lining up to take his money, er, bets. Results from the books won’t be available until tomorrow but it looks like bettors other than McIngvale will have done well this year.
knowledge and the incentive to do it? If the Malosos want to make a Brady-to-Vegas deal happen for a certainty they could give Coach Jon Gruden the sack (which would be 
to expand its exposure in sports betting, which will reduce its marketing costs and the price of customer acquisition. Penn is hoping it lures younger gamblers into its retail and online offerings as well,” reported CNBC, which also disclosed that Barstool’s core audience members are known as “Stoolies,” which sounds rather cloacal to us.
on 29.5% less wagering. (Really bad when you consider that the comparison was a 19% slide in December 2018.) Baccarat has been pretty much a non-event for the Strip lately, down 25.5% for the fourth quarter. Non-baccarat table win surged 13.5% and slot win was up 10% on 6.5% higher coin-in. Man, those slots must have been tight (92%). A day’s worth of November slot win was rolled into the December numbers, which didn’t hurt either. Locals slot win consequently shot up 17%, coming off a strong prior-year comparison, even though coin-in was microscopically down.
and “was solidly in line” on the Las Vegas Strip, according to JP Morgan analyst Joseph Greff. Protests in Hong Kong and an extended visit by China President Xi Jinping were blamed for the not-quite-disappointing Macanese numbers but, as Greff wrote, that is all “less relevant” than what is going to happen in 1Q20 with coronavirus -
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