“Good riddance. It’s not like Mr. Trump paid taxes here anyway.”—New York State Gov. Andrew Cuomo (D), reacting to the news that Donald Trump is moving to Florida to take advantage of its lack of state income tax.
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as [Station Casinos‘] LV Locals Core (i.e., ex. Palms) 2% top-line growth expectation,” wrote J.P. Morgan analyst Joseph Greff. The Strip’s buoyancy was driven by baccarat win, vaulting 56%. Slot win was up 7.5% on 2% higher coin-in. Looking ahead to the October report, it will be difficult for the Strip to repeat these numbers, seeing as 2018 saw 12% growth (but 11% less baccarat win). Non-baccarat table games were down 11% on 10.5% less betting, underscoring the importance of baccarat. Locals slot revenue rose 12% on 1% more coin-in and furthermore benefited from some end-of-August slot win being rolled into September.
surge reflecting the ramp-up of MGM Cotai surely with $80 million in revenue. Also, CityCenter may be sucking wind, judging by a 30% decline in “Managed Operations/Other.” Good as the Macanese numbers were, the were dwarfed by the Las Vegas Strip, good for $1.5 billion, a 4% gain. MGM Grand Detroit brought in $146 million, a 2% slip, Borgata was flat at $234.5 million and MGM National Harbor snared $206 million, up 5%. No year/year comparisons were available for MGM Springfield ($76 million), MGM Northfield Park ($64.5 million) or Yonkers Raceway ($52 million).
segments of CHDN business, although increased casino competition in Maine was one of the contributing factors. In terms of revenue, Churchill Downs achieved $306 million, higher than the Street’s expectation ($300 million). Not only are 2,500 “historical racing” machines planned for Turfway Park but 3,000 more will be divided between CHDN’s titular racetrack and nearby Derby City. In other news, $100 million in capex improvements are slated for Miami Valley Gaming in Ohio. Booming Rivers Casino Des Plaines contributed $20 million worth of cash flow. We’ll know more after CHDN execs hold their earnings call.
respondents who have not received training in biohazards said they clean biohazards.” The study targets Boulder Station, Green Valley Ranch, Palace Station and Palms Casino Resort, which happen to be—coincidence, yes?—casinos where union elections have been held. While we find a contention such as “Over half (53%) of respondents said they have experienced violence at work (physical, verbal, and/or emotional)—80% said that their supervisor was the source of the violence” cause for concern, we wonder if this is a case of selective outrage.
experiences and live events.” Note to Big Gaming: When it comes to sports betting, MGM is eating your lunch … The Cosmopolitan of Las Vegas‘ whales-only, Daun Curry-designed villa is getting the casino some good press.
casino license
attend the opening of an eyelid (Kim Kardashian). Hard Rock hopes to recreate the iconic architecture in Hokkaido, should it land a Japan casino concession. Said Hard Rock CEO Jim Allen, “My analogy has always been, everyone who trains for the Olympics wants to win the gold medal. But there’s nothing wrong with a silver or a bronze. We felt we has a better chance to plant our flag in Hokkaido than either Osaka or Tokyo, so we’ve spent a lot of time working with local government, vendors and communities.”
been very focused on using the assets and creating a lot of online presence around this partnership. It’s an important step. It also gave us a great invitation to the U.S. sports organizations, the NFL being the leading one. About 60 percent of all sports bets are NFL bets, so it’s important at several levels and we’re definitely looking to additional sponsorships. The fact that we partnered with the Jets put us on the radar for almost every sports organization you can think of and we’re in almost constant contact with a variety of them, and as the business grows we will be seeing additional deals. We are unique in that space because we are looking to monetize these assets and not just
Somebody just drove their RV through the front doors of the Cannery. We don’t know if this was a demand for 3/2 blackjack or simply an accident. Judging by a photo of the scene, the doorway was insufficiently barricaded against rogue motorists. According to KTNV-TV, one Cannery customer suffered “serious injuries” and the female driver of the RV has been taken into custody. We should hope so.
plummeted 11% in September. Boyd casinos got the worst of it, down 10.5%. New Orleans was flat but Lake Charles took a bashing, plunging 18%. Baton Rouge‘s mere 3.5% decline looks like a triumph. Golden Nugget slid 23.5% to $21 million, as L’Auberge du Lac squeaked past with $22 million, down 10%. Isle Grand Palais shed 15% ($7 million gross) and Delta Downs was 21% off the pace with $12 million. L’Auberge Baton Rouge actually gained 5%, clocking in with $12 million, while Casino Rouge dropped 9% to $4 million. That was far better than Belle of Baton Rouge, a sorry $2 million and 29% freefall.
God, and the damage appears to be minor. But it’s the second fire at the Cosmo, something which is always concerning.