Montana, Mississippi and Oregon.) Casino-rich Florida was an incredibly surprising #49, all the more so since 
(Hence the bargain price.) Ahern will not need to worry about a gaming license, as he is ripping out the casino portion of the property and repurposing it for convention and meeting space. Ah, a developer who has done his homework in re the Strip. “I absolutely will not keep the name,” Ahern told the Las Vegas Review-Journal, and it’s safe to assume that all the 
Las Vegas Sands is on its way out of Pennsylvania but not before receiving 
shorthand for one of Terry Caudill‘s businesses but Caudill is not involved with this but a TLC timeshare company does rent office space at the Plaza, according to hotel CEO Jonathan Jossel. “I guess the initials may be confusing but they are completely unrelated,” says Jossel. “The Plaza does have a lease with a timeshare company who uses a space in our building and hotel rooms as part of their sales/presentations but none of our rooms are available for a timeshare model or condos. Perhaps TLC putting some [Plaza] rooms up for advertising and new business purposes on RCI which is 
casinos in the rural Mississippi area. Resorts was never the same after bumbling Tom Barrack and Colony Capital bought it and crushed it with debt. Penn picked it and one other Tunica casino up for a $44 million song. However, the economy was against it and 200 workers (a remarkably small casino workforce) will soon find themselves unemployed. Penn’s neighboring Hollywood Casino Tunica will remain open, as will a third Penn-owned casino and the company will try to find jobs for displaced Resorts workers there.
match the extreme brevity of the abortive Wynn Resorts/Crown Resorts merger). Bloomberg reports that Blackstone is exploring “strategic options” for the megaresort that include—what else?—selling the property, often the most strategic option of all. Deutsche Bank has been hired to trawl for potential investors, with a $4 billion sales tag slapped on the casino-resort. That’s quite a markup when you consider that Blackstone bought it for $1.7 billion five years ago and put $500 million of capex into the place. True, it is now a profitable enterprise but that is in part a function of Blackstone’s thrifty deal.
baccarat revenue was down 16% while mass-market win was up 16%. VIPs left $4.6 billion behind on the felt, while mass-market players put $5.3 billion into the slots and onto the tables. This makes mass-market gambling over 51% of the Macanese total, 
with a new completion date of 2022. (We never bought into the previously announced 2020 completion date, so we applaud Witkoff for being reasonable.) No word on whether the ‘optional’ midair pool deck of the original design (which costs over a billion dollars alone) will be included in the new concept. “We believe Drew Las Vegas is set to usher in the next generation of Las Vegas resorts. It will be unlike anything on the Strip today—a truly integrated resort that brings together a unique take on Las Vegas and curated set of experiences from around the world,” said Witkoff, setting a high bar for himself.
anyone) were ailing. The same might be said for companies with Penn National Gaming down 6% and Caesars Entertainment up by the same amount. Saving the worst for first, Eldorado Resorts‘ Belle of Baton Rouge led the race to the bottom, spiraling 39% downward to $3 million. Casino Rouge grossed almost $6 million (-7%) and L’Auberge Baton Rouge took in $15 million (-8%). Outlying Evangeline Downs gained 5% for Boyd Gaming, good for an $8.5 million finish.
just ratcheted his price target down to $12, citing “worse than expected weather/GGR results at CZR’s regional properties and higher than previously modeled corporate expenses.” His cash-flow estimate for the regional casinos was lowered from $245 million to $232 million, although Las Vegas Strip projections remain level. Factored into the changes was $15 million worth of “unfavorable weather impact.” The newly feverish competition in Atlantic City is a “$20m headwind,” an impact doubled by weather issues and competition in other markets.
(albeit down 13% on a same-store basis). One of the victims of the latter was Borgata, down 8% at the tables and 1.5% worse overall. A 1.5% bump in slot win helped. The Caesars Entertainment trio also got clobbered at the tables, down 14% on 10% less wagering. Slot win was also 5% on 3% less coin-in. After Borgata ($59.5 million) came Tropicana Atlantic City ($27 million), holding onto second place despite a 6% slippage, Harrah’s Resort clocked $26.5 million (-16.5%) and Hard Rock Atlantic City checked in with $24.5 million, good for the #4 spot.
revenue. “Nebraskans’ money is funding other states’ priorities,” Morgan said. Mind you, a similar effort three years ago failed due to public indifference: Not enough signatures could be gathered. Morgan has a point—all but one of the states surrounding Nebraska offers casino gambling. Still, it’s very much an open question of whether voters will harken to a “Keep the Money in Nebraska” pitch, having failed to do so before.
wasn’t covered under the new interpretation of the Federal Wire Act (more sweeping than the original interpretation), the Department of Justice was at least given the option of filing further briefs in the case. The DOJ is taking a momentary ‘hands-off’ stance towards state lotteries “until the Department concludes its review.” If Rosenstein concludes that online lotteries are at liability, they will have three months to come into compliance, possibly losing much lucrative, interstate business along the way.-
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