Quote of the Day

Connecticut residents are best served by the state spending less time in court and more time on real opportunities to maximize economic development and job creation. That’s why each passing month makes it more obvious that the most productive path forward for Connecticut is to pass legislation calling for competitive bids on any new commercial casino in the state, and to get started on that process.” — from MGM Resorts International‘s formal statement last week on a federal decision quashing a Mohegan Sun/Foxwoods Resort Casino satellite facility in East Windsor, 12 miles from MGM Springfield.

Posted in Foxwoods, Massachusetts, MGM Resorts International, Mohegan Sun | Comments Off on Quote of the Day

Maryland & other case bets

Growth in Maryland continued last month, if not at the spectacular rates we’ve seen previously. Gaming revenue rose 7% to $144 million. The leader, of course, was MGM National Harbor, jumping 10% to $54.5 million, which translates to $1.8 million/day. Impressive, no question. Revenues continue to skew towards (heavily taxed) slots, with $30.5 million, and away from table games ($24 million). Maryland Live was up 7% to $50 million, while Horseshoe Baltimore continues to fade, down 1.5% to $21 million. The advantage of being near the Baltimore Ravens‘ stadium is not so great when you consider that it is in use only 10 days a year, plus playoffs.

Hollywood Perryville had one of its better months, up 6% to $6 million, while Oceans Downs zoomed up Continue reading

Posted in Affinity Gaming, Atlantic City, Caesars Entertainment, California, Charity, Churchill Downs, Cordish Co., Florida, Golden Gaming, Macau, Maryland, MGM Resorts International, Mohegan Sun, New York, Penn National, Rush Street Gaming, Sports, Technology, Tribal, West Virginia | Comments Off on Maryland & other case bets

Illinois stumbles; Kimmel returns to Vegas roots

It would take more than an extra weekend day to account for a 7% slippage in Illinois gaming revenues, which were positive year/year in 2017. Nobody had a revenue-positive month, not even Rivers Casino, down 5% despite a state-leading $34 million gross. Grand Victoria, now Eldorado Resorts‘ problem, was off 8% to $13 million, while Harrah’s Joliet dipped 5% to $14 million. Penn National Gaming had very mixed results, with Hollywood Aurora holding its ground the best at $10 million, only 3% off but Empress Joliet tumbling 11% to $9.5 million. In the St. Louis market, Argosy Belle got a 12% hammering, to $4 million, while Casino Queen plummeted 11% to $7 million.

Par-A-Dice was about par for the course, grossing $6 million on a 5.5% decline, while independent Jumer’s Casino Rock Island slid Continue reading

Posted in Boyd Gaming, Caesars Entertainment, Delaware, Economy, Eldorado Resorts, Entertainment, Galaxy Entertainment, GLPI, Greenwood Racing, International, Internet gambling, Macau, Melco Resorts & Entertainment, Movies, Penn National, Pennsylvania, Rush Street Gaming, Sheldon Adelson, The Strip, Tourism, Tribal, TV, Wall Street, Wynn Resorts | Comments Off on Illinois stumbles; Kimmel returns to Vegas roots

Quote of the Day

“Too often, companies across every industry simply assume that they know what consumers want. At Red Roof, we take the time to survey our guests and only implement the changes they actually want. We have consistently found that these requests are typically quite easy to implement and doing so keeps our guests happy and coming back.” — Red Roof Inns CMO Marina MacDonald, offering some advice that the casino industry could use.

Posted in Marketing | Comments Off on Quote of the Day

Las Vegas: The good, the bad, the resort fees

Mark it on your calendar. According to Credit Suisse analyst Cameron McKnight, long-awaited, tantalizingly delayed Resorts World Las Vegas will debut in late 2020, a date “recently … affirmed” by Genting Group. In other good news for Sin City, convention and meeting planners are experiencing a dearth of good spaces in the U.S., making Las Vegas — with its plethora of convention halls — all the more attractive. Per McKnight, it “underscores our view that Q3 and Q4 weakness are outliers, and demand trends and mix should return to normal levels next year.”

Also, as bad as August was for the Strip, McKnight points to steady slot revenue, “highlighting the Continue reading

Posted in Arizona, Donald Trump, Economy, G2E, Genting, International, Internet gambling, Law enforcement, Macau, New York, Resort fees, Taxes, Technology, The Strip, Tribal, TV, Wall Street | 1 Comment

Hard Rock A.C. changes bosses; Westworld, the casino

It was our impression that Hard Rock Atlantic City was firing on all cylinders. Imagine our surprise to read that prexy Matt Harkness (pictured) was out and veteran Joe Lupo had taken his place. Harkness came to Hard Rock from Lucky Dragon Casino, which certainly didn’t make him the obvious choice for the HRAC job. Lupo will be well versed in the Hard Rock methodology, having come fresh from Hard Rock Tampa (which now changes horses in the midstream of a vast renovation).  “I would like to thank Matt for his contribution to Hard Rock Hotel & Casino Atlantic City and appreciate his efforts leading the successful opening of this exceptional property,” said Hard Rock International COO Jon Lucas as he opened the trapdoor. The Press of Atlantic City hints at dissatisfaction stemming from the Hard Rock’s inability to close the gap with Borgata. If that’s the case Lupo is the man for the job, having previously been senior vice president at the market-dominating megaresort.

If there were any doubt that Lupo’s brief is to beat Borgata, Continue reading

Posted in Atlantic City, Culinary Union, Hard Rock International, Idaho, International, Internet gambling, Japan, Law enforcement, Lucky Dragon, MGM Resorts International, Philippines, Regulation, Technology, Tribal | 1 Comment

About-face in Florida; Fear and litigation in Las Vegas

While it’s a little early for S&G to be making political endorsements in 2018, we’ve had a change of heart regarding Voters in Charge, a constitutional amendment that would strip the Florida Legislature of its power to control gambling expansion in the Sunshine State and — at least in the hopes of political bedfellows Disney and the Seminole Tribe — put a de facto end to casino growth. Yes, the Florida Lege has been exceptionally incompetent on gaming issues, fumbling them away in session after session. But unless Florida is to have a crazy quilt of gambling laws, the status quo in Tallahassee should be preserved, After all, nobody ever said that lawmaking was pretty. (Quite the opposite.) In the meantime, Disney and the Seminoles are piling $10 million a month into Voters in Charge. Cumulatively, the spending has exceeded $36 million, which tells you how much Voters in Charge is worth to the strange bedfellows.

Non-Seminole casinos, meanwhile, are chipping into Vote NO on 3 and Citizens for the Truth About Amendment 3. Their argument is Continue reading

Posted in Atlantic City, Donald Trump, Economy, Election, Law enforcement, Nevada, Sexual misconduct, Taxes, The Strip, Wynn Resorts | 1 Comment

Quote of the Day

“They persecuted Jesus and look what happened. [I’m] not saying Mr. Cosby’s Jesus, but we know what this country has done to black men for centuries.” — Bill Cosby spokesman Andrew Wyatt, on behalf of the nation’s most famous convicted felon.

Posted in Sexual misconduct | Comments Off on Quote of the Day

Follow that puck!; Connecticut casino nixed

$216 million. That’s how much sports betting will be worth to the NHL, according to the American Gaming Association‘s Sara Slane. The new revenue will be achieved “as a result of spending from betting operators on advertising, data and sponsorship and revenue generated as a result of increased consumption of the league’s media and products.” The AGA cites the results of a Nielsen study to ground its position. That big number includes a projected $24 million in advertising and $35 million in sponsorship fees.

“Much like the NHL’s recent successful expansion into Las Vegas, legal sports betting will continue to expand across the country, bringing with it a Continue reading

Posted in AGA, Economy, Foxwoods, Full House Resorts, Greenwood Racing, Indiana, International, Internet gambling, Kentucky, Macau, Massachusetts, Melco Resorts & Entertainment, MGM Resorts International, Oregon, Pennsylvania, Regulation, Reno, Rush Street Gaming, Sports, Sports betting, Transportation | Comments Off on Follow that puck!; Connecticut casino nixed

Quote of the Day

Austin has become, in no uncertain terms, really an extension of Silicon Valley. All of the giants that devour engineers on a daily basis, like Google, like Apple, and companies that are in our space, like Scientific Games, or adjacent verticals, like Zynga, are all down there, competing for the talent among themselves, but also competing for the talent that’s coming from the university, because they have an extremely strong program.” — Everi Holdings CEO Michael Rumbolz on his company’s decision to base its technical operations in Texas.

Posted in Scientific Games, Technology, Texas | Comments Off on Quote of the Day

Congress: Listen to the ladies (it’s not what you think)

We predicted a kangaroo court for sports betting on Capitol Hill last week and our fears were confirmed when influential Rep. James Sensenbrenner opined that “We’re going to be in for huge amounts of trouble in the future.” Nothing like stacking the deck before the committee dealt to its witnesses. Sheldon Adelson puppet Jon Bruning whined predictably that “there needs to be some federal guardrails regulating online gambling,” although it is significant that Adelson appears to have conceded the inevitability of Internet gambling. “I think one thing all of you agree on is that for Congress to do nothing is not an option,” Sensenbrenner loftily declared after threatening states with a new, improved version of the defunct Bradley Act. (Now there’s a question to ask Brett Kavanaugh, if one got the chance.)

Our declaration last week that the American Gaming Association‘s Sara Slane was treated with respect may have been premature, judging from Continue reading

Posted in AGA, Economy, G2E, Internet gambling, Law enforcement, Macau, Marketing, Massachusetts, MGM Resorts International, Movies, Politics, Regulation, Sheldon Adelson, Sports, Sports betting, Steve Wynn, Technology, The Strip, Wynn Resorts | Comments Off on Congress: Listen to the ladies (it’s not what you think)

Mohegan Sun shines

Congratulations to Mohegan Sun on being named ‘Best Hotel’ by readers of USA Today. I’ve never stayed there but would reckon this is quite a coup and shows yet again that tribal casinos don’t yield the palm to private-sector ones where amenities are concerned. In an even more improbable development, The D was named ‘best Las Vegas casino,’ putting Big Gaming to shame. More ‘expectable’ was the choice of Foxwoods Resort Casino as best non-Las Vegas casino. Best casino restaurant also went to the Mohegans: Capriccio in Resorts Atlantic City. (Some of you must have eaten there; how good is it?) Best loyalty program was no surprise at all: Total Rewards. We have to hand it to Gary Loveman, who built a better mousetrap with that one.

Following The D in the Vegas category were M Resort (#2) and — this is a surprise — Mandalay Bay in third place, especially considering that business there is Continue reading

Posted in Alex Meruelo, Atlantic City, Boyd Gaming, Caesars Entertainment, California, CityCenter, Derek Stevens, Dining, Downtown, Economy, Foxwoods, Las Vegas Sands, Louisiana, Marketing, MGM Resorts International, Mohegan Sun, New York, Penn National, Pinnacle Entertainment, Reno, Resort fees, Sheldon Adelson, Station Casinos, Tamares Group, The Strip, Tilman Fertitta, Tribal, Wynn Resorts | 2 Comments

Quote of the Day

“At a New York City music festival Saturday night, somebody stepped on a bottle and popped it, setting off a panic among many of the 60,000 attendees who thought it was a gunshot because, you know, it’s the United States.” — Boston Globe “Fast Forward” columnist Teresa Hanafin, observing the one-year anniversary of the Mandalay Bay Massacre.

Posted in Mandalay Bay Massacre, New York | Comments Off on Quote of the Day

Quote of the Day

“You’re telling all women that they don’t matter, that they should just stay quiet because if they tell you what happened to them you are going to ignore them.” — sexual assault victim confronting Arizona Sen. Jeff Flake (R) after he announced he’d vote to confirm Brett Kavanaugh‘s Supreme Court nomination,

Posted in Arizona, Sexual misconduct | 1 Comment

Federal sports-betting regulation bombs

At least one woman was treated with respect yesterday on Capitol Hill and that was the American Gaming Association‘s Sara Slane. We reviewed her prepared testimony yesterday. “Because of the active, robust state and regulatory tribal gaming oversight, gaming is one of the most strictly regulated industries in America. Right now, over 4,000 gaming regulators with budgets that exceed $1.3 billion dollars oversee the gaming industry,” testified Slane. “Just as Congress has refrained from regulating lotteries, slot machines, table games and other gambling products, it should leave sports betting oversight to the states and tribes that are closest to the market,” she told the House committee. She got backup from Nevada Gaming Control Board Chairwoman Becky Harris, who said,“States do a great job in every area including sports betting and we’ve just begun to see the roll out in other states. Nevada has a comprehensive regulatory structure that has been refined over decades, and we have a lot of integrity in our process.” Nor is the AGA an outlier on the idea that the federal government ought to butt out of Continue reading

Posted in AGA, Current, Economy, Law enforcement, Mandalay Bay Massacre, MGM Resorts International, Nevada, Politics, Regulation, Sports betting, The Strip | Comments Off on Federal sports-betting regulation bombs

Quote of the Day

“New luxury guests are willing to spend, but at the same time appreciate good value. They want luxurious elements within the guest experience and they are willing to pay for them. At the same time, they understand value and are happy to forego features from which they derive no benefit.” — hotel strategist Guy Cooke on consumers’ demand for an experiential form of luxury, as well as for eco- and community responsibility.

Posted in Marketing | Comments Off on Quote of the Day

Report from Pennsylvania

Lady Luck Nemacolin continues its losing ways, passing up on Internet gambling licenses. Lady Luckless already balks at paying the fee that would open its casino to non-guests and this latest non-move smacks of the same boneheaded mentality that makes it the most piddling casino in Pennsylvania. Mind you, it’s not alone in its online myopia: Pinnacle Entertainment is passing it up at The Meadows racino. These choices, and a few others, have made seven licenses (one each for slots, table games and poker) available to out-of-state operators. Even a non-American operator like The Stars Group would be eligible, hypothetically.

If you’ve got $4 million per license to play around with and a tolerance for Pennsylvania’s high slot-tax rate, an online license could be yours for Continue reading

Posted in Boyd Gaming, Caesars Entertainment, DFS, Eldorado Resorts, Greenwood Racing, Internet gambling, Las Vegas Sands, Mohegan Sun, Penn National, Pennsylvania, Pinnacle Entertainment, Rush Street Gaming | 1 Comment

Dog days on the Strip

August numbers are in and casinos on the Las Vegas Strip tanked, down 12.5%. Credit Suisse analyst Cameron McKnight called this result “not as bad as feared,” which prompts one to wonder what a worst-case scenario would look like. The core customer, he wrote, remains intact, pointing to only a minor (1%) decline in slot revenue on flat handle. “However, we estimate that gaming only accounts for 25-30% of total Las Vegas Strip casino revenues – which clearly varies by business model and operator,” wrote McKnight, trying to prettify the picture. Mind you, last month was competing with an exceptionally strong August 2017, when gambling revenues were up 21%, propelled by Continue reading

Posted in Boulder Strip, Boyd Gaming, California, Downtown, Economy, Entertainment, Florida, Lake Tahoe, Laughlin, Mesquite, MGM Resorts International, North Las Vegas, Oklahoma, Reno, Tamares Group, The Strip, Transportation, Tribal, Wall Street | 3 Comments

Quote of the Day

“Your brand is how and what your customers and target audiences think and feel when they see or hear your name, your communications, and your stories. It comes across in your tone, manner, images, and interactions.  A properly formed brand style guide makes the brand understandable to all and influences actions, so the brand can come to life at all touchpoints.” — marketing consultant Julia Carcamo on the complexities of brand equity.

Posted in Marketing | Comments Off on Quote of the Day

Culinary, Stevens clash; House lumps sports betting with terrorism

Labor contracts with the Culinary Union have long since expired but three casinos continue to hold out. Phil Ruffin‘s Treasure Island is one but there’s been no animus from the Culinary on that front. Where Derek Stevens is concerned it’s quite a different story. At 5 p.m. today, Culinary members will take to the downtown streets (just in time for live video on the local TV newscasts), marching from Fremont to The D, where they will rally until 7 p.m. This is not the first time the Culinary has taken to the streets against Stevens, who seems to be the most deeply entrenched of the casino owners. The Union’s demands are as follows: “new contract language to provide greater measure of security for members including workplace safety, sexual harassment, subcontracting, automation/technology, and immigration. In addition, Continue reading

Posted in AGA, Architecture, California, Culinary Union, Derek Stevens, Dining, Downtown, Georgia, Law enforcement, Politics, Regulation, Sports betting, Tribal | 1 Comment