An extra weekend day didn’t do bupkis for Louisiana, where November gaming revenues ($205 million) were flat with last year’s. The good news 
is that Baton Rouge, so troubled a market, was incrementally higher than in 2018. Eldorado Resorts‘ Belle of Baton Rouge continues to suck wind, down 25% to $2 million but L’Auberge Baton Rouge gained 6% to $12.5 million and Casino Rouge was up 3% to $4 million. (In other news, Casino Rouge owner Gaming & Leisure Properties is reportedly being pressured to merge with Vici Properties.) In Lake Charles, only Delta Downs was revenue-positive, up 5.5% to $15 million. L’Auberge du Lac slipped 5% to just under $26 million, while Golden Nugget was down 1.5% to $26 million. Isle Grand Palais ceded 11% to $7 million.
In New Orleans, gaining 2.5% Harrah’s New Orleans led the market with Continue reading
bribery, obtaining property under false pretenses and tax evasion. Twin River has promised full cooperation with prosecutors but 
In 2015-6 Coates scraped by one a mere $154 million, gave herself a raise to $284 million the next year—
on whether or not the Muscogee Nation was disestablished in 1887. The original reservation, created in 1866, covered portions of eight counties. According to Casino.org, “If the court decides it was never disestablished, then the area and its citizens would be regulated, not by the state, but by the Creek Nation. It would also mean that crimes involving a tribal member as victim or perpetrator could only be tried by tribal or the federal governments.”
Pennsylvania’s future as a legal sports betting jurisdiction was murky at the beginning. But despite the issues in its infancy, the state has proven to be attractive for operators and the market is truly beginning to flourish.” Handle was $316.5 million which translated to $20.5 million in revenue. The ranks of casinos accepting sports wagers were swelled by the addition of DraftKings at The Meadows and Unibet at Mohegan Sun at Pocono Downs. Online sports books generated $267 million of overall handle or 84%.
Ryan Raddon, aka Kaskade. At numbers like those, it’s no wonder KAOS was hemorrhaging cash—Station took a $27 million write down on the Palms joint. The basic problem is the even hardened nightclubbers won’t stray from the Las Vegas Strip. Station got this lesson at Red Rock Resort and now an expensive reminder at the Palms. Station CEO Frank Fertitta III blamed the market rather than himself, saying, “It doesn’t appear that the market has grown enough for the amount of supply. The cost of entertainment is excessively high, and we just made the decision to focus where the fish are.”
$305/win/slot/day—but down from $357/slot a year ago. Revenues at the racino are tracking even worse than Wall Street expected. Plainridge Park grossed $11 million, tumbling 14.5%. Encore pulled in $47 million, with a slot/win/day average of $240 and a daily table average of $5,717 in win. Win-per-slot average at MGM Springfield was a below-average $193, while it did $1,446 per table, for an overall gross of $20 million, down 6%. Could lookie-lous be gravitating back to tribal casinos in Connecticut or are Boston-based players staying and playing close to home?
president of Genting New York, ousting Ryan Eller. As his title implies, DeSalvio will be overseeing both Resorts World New York and Resorts World Catskills. The former is a great success story, throwing off more revenue than any other slots-only casino and about to open a 400-room hotel. Resorts Catskills is … another story. DeSalvio will have his work cut out for him turning that billion-dollar boondoggle around. We wish him luck. Besides, when DeSalvio headed up marketing for long-gone Sands Atlantic City it had the highest ROI of any casino on the Boardwalk. So maybe he’s the right man for the Catskills posting.
in (no surprise, holds were 9% tighter). The Caesars Entertainment trio was up 8.5%, driven by 21% higher win on 11.5% greater wagering. Slots won 3% more on flat handle. Eldorado Resorts continues to fumble away business at the Tropicana Atlantic City, down 7% to $23.5 million. (Borgata’s $59 million easily led the market.) Caesars Atlantic City set the pace for the Roman empire, vaulting 27% higher to $28 million, followed by Harrah’s Resort with $25.5 million, microscopically up. Bally’s Atlantic City let the side down with a 7% decline to $13.5 million and last place in the market. It’s making a strong case for closure when the Caesars/Eldorado merger is consummated.
idea that has drawn a cavernous yawn from the gaming industry. He tried to minimize the crippling 72% tax rate as “hiccups.” We hate to say that Windy City Mayor Lori Lightfoot (D) has a point but unless the state funds the building of the casino and hires some underrepresented operator like MGM Resorts International to run it for a flat fee, this idea is never going to get off the ground. Kansas owns its casinos, so the notion is not entirely without precedent. Neither political party is entirely blameless in this boondoggle, the gambling expansion having passed on a bipartisan basis.
world’s gambling Vatican. Like Atlantic City, Macao struggles to evolve beyond a daytripper’s market. Because business has been so bad for the past two years, 2020’s expected 3% revenue isn’t the stuff of banner headlines. Whales who formerly took their action to Macao are now heading to Vietnam, away from governmental scrutiny, and the prospect of megaresorts in Japan is another cause of worry. Oh, and there’s no end in sight to the protest movement in Hong Kong, much as Chief Executive Carrie Lam would like us to believe otherwise. Nor has 
at tribes so much as their vendors, who he implied