Category Archives: Singapore

Windy City shakedown; Strip explodes, Palms reborn

$75 million or else. That’s extortionate Chicago Mayor Lori Lightfoot‘s latest demand of casino applicants. If you win the bid, fork over the cash. Her Dishonor might settle for ‘only’ $40 million on the barrelhead, followed up by a $2 … Continue reading

Posted in Bally, Boulder Strip, Boyd Gaming, Chicago, China, Downtown, Florida, Hard Rock International, Health, International, Lake Tahoe, Las Vegas Sands, Laughlin, Macau, Mesquite, Nevada, New York, North Las Vegas, Palms, Politics, Regulation, Reno, Rush Street Gaming, San Manuel Band of Mission Indians, Singapore, Station Casinos, Taxes, Texas, The Strip, Tourism, Wall Street, Wendover | 1 Comment

Sex, drugs and Resorts World LV; Massachusetts gets serious about sports betting; Caesars wins two Freddies

Both the reputations of Resorts World Las Vegas and its president, Scott Sibella, could be besmirched by a Nevada Gaming Control Board investigation. The tentative probe stems from charges made by gambler Brandon Sattler as part of a huge bankruptcy … Continue reading

Posted in Architecture, Caesars Entertainment, California, Detroit, Economy, Japan, Las Vegas Sands, Louisiana, Macau, Marketing, Massachusetts, MGM Resorts International, Money laundering, Peninsula Pacific, Penn National, Phil Ruffin, Politics, Real Estate, Regulation, Resorts World LV, Sam Nazarian, Singapore, Sports betting, Taxes, The Mob, The Strip, Tribal, Wynn Resorts | 1 Comment

Casinos in clover nationwide; Mega-Jottings for a Monday

Masters Week has come and gone, and Augusta now sinks back into an 11-month torpor. Which also helps us return to standard-edition S&G. (Seen on the marquee of the church closest to Augusta National: “This is Amen Corner.”) Where to … Continue reading

Posted in Bally, BetMGM, Boyd Gaming, Caesars Entertainment, Canada, Century Casinos, Chicago, Churchill Downs, Conventions, CQ Holdings, Current, Derek Stevens, Diversity, DraftKings, Economy, FanDuel, Full House Resorts, G2E, Georgia, Hard Rock International, Illinois, Indiana, International, Jack Entertainment, Las Vegas Sands, Macau, Marketing, MGM Resorts International, Missouri, Nevada, New York, North Las Vegas, Ohio, Palms, Penn National, Pennsylvania, Politics, Racinos, Sahara, Singapore, Sports, Sports betting, Taxes, Tribal | 1 Comment

Barley’s leaves a bad taste; Woe is Star; Mega-Jottings

When a casino is named Barley’s Brewing Co. you’d expect to get a decent glass of suds there. Not so. Las Vegan Lon Enwright is $8 million richer—but physically damaged beyond price—after being served cleaning fluids instead of beer (the … Continue reading

Posted in Australia, Baseball, Boulder Strip, Charity, China, Conventions, Crown Resorts, Derek Stevens, history, Japan, Kentucky, Massachusetts, MGM Resorts International, Missouri, Money laundering, Movies, New Jersey, Politics, Regulation, Resorts World LV, Singapore, Sports, Sports betting, Star Entertainment, Station Casinos, Tourism, Transportation, Tribal, Wall Street, Wisconsin | Comments Off on Barley’s leaves a bad taste; Woe is Star; Mega-Jottings

Mega-January on the Strip; Much ado about Caesars

January’s Nevada gambling-revenue numbers are out and the Silver State topped $1 billion yet again, a 41.5% boost over last year. However, some jurisdictions manifested slight declines, a sign that casino activity may be “normalizing” after a heated 2021. To … Continue reading

Posted in Animals, Arizona, Atlantic City, Bally, Baseball, Boulder Strip, Caesars Entertainment, Churchill Downs, Conventions, Dining, Downtown, Genting, Health, Internet gambling, Lake Tahoe, Laughlin, Louisiana, Marketing, Mesquite, Nevada, New Jersey, New York, North Las Vegas, Peninsula Pacific, Pennsylvania, Planet Hollywood, Politics, Reno, Singapore, Sports, Sports betting, Texas, The Strip, Tourism, Tribal, Wall Street, Wendover, Wisconsin | 2 Comments

New boss at F-blue; Station: Five white guys; Atlantic City blitzed

Yes, Tom Brady has retired but there’s actually other news happening today. For starters, Fontainebleau has a new president. And not just any prexy but “a visionary leader for our next-generation luxury resort.” He’s Cliff Atkinson, late of Luxor. If … Continue reading

Posted in Atlantic City, Caesars Entertainment, CityCenter, Colorado, Culinary Union, Dining, Diversity, Fontainebleau, Hard Rock International, Horseracing, Illinois, Las Vegas Sands, Macau, MGM Resorts International, New York, Oregon, Pennsylvania, Real Estate, Singapore, Sports, Sports betting, Station Casinos, Taxes, The Strip, Tribal | 2 Comments

Horseshoe returns to Vegas; LV Sands thinks big

In the year’s worst-kept secret (or least surprising news story), Caesars Entertainment is finally rebranding Bally’s Las Vegas as the Horseshoe to end all Horseshoes. We were all over the story yesterday, in case you want the full monty. A … Continue reading

Posted in Architecture, Bally, Boulder Strip, Caesars Entertainment, Downtown, DraftKings, Election, FanDuel, Florida, Illinois, Indiana, Internet gambling, Iowa, Las Vegas Sands, Laughlin, Macau, Massachusetts, Nevada, New York, North Las Vegas, Politics, Reno, Seminole Tribe, Singapore, Sports betting, Texas, The Strip, Tourism, Wall Street | 1 Comment

Illinois slouches; Boyd, Churchill praised; DraftKings assessed

Not even Rivers Casino Des Plaines was spared the impact of Hard Rock Rockford, as the newbie helped take a 4.5% bite out of Rivers’ December casino revenues compared to 2019, for a Des Plaines gross of $43 million, still … Continue reading

Posted in Arizona, Bally, Boyd Gaming, Caesars Entertainment, California, Canada, Churchill Downs, Connecticut, Downtown Grand, DraftKings, Election, Florida, Full House Resorts, Hard Rock International, Health, Illinois, Indiana, Internet gambling, Iowa, Isle of Capri, Las Vegas Sands, Louisiana, Maine, Maryland, Mattress Mack, MGM Resorts International, New York, Ohio, Penn National, Regulation, Singapore, Sports, Sports betting, Station Casinos, Taxes, Wall Street | Comments Off on Illinois slouches; Boyd, Churchill praised; DraftKings assessed

Sands: From bad to worse; Musk subway system approved for Vegas

Wall Street analysts were frankly underwhelmed by Las Vegas Sands‘ third quarter. Now that the company is wholly reliant upon the afflicted Macao and Singapore markets that’s hardly surprising. JP Morgan analyst Joseph Greff was pretty blunt, calling Macanese cash … Continue reading

Posted in Atlantic City, Bally, China, Cordish Co., Downtown, Economy, Election, Entertainment, Golden Nugget, Hard Rock International, Health, Illinois, Internet gambling, Las Vegas Sands, Macau, Marketing, Maryland, MGM Resorts International, Pennsylvania, Regulation, Singapore, Sports betting, Station Casinos, Technology, The Strip, Transportation, Tribal, Wall Street | Comments Off on Sands: From bad to worse; Musk subway system approved for Vegas

Pennsylvania rebounds; Mega-jottings

After grappling with the effects of gaming saturation for several months, Pennsylvania flexed its muscles in September, up 9% from 2019. The gross was $283 million. On a same-store basis (i.e., discounting the effects of new casinos), the Keystone State … Continue reading

Posted in Arizona, Barstool Sports, BetMGM, Boyd Gaming, Caesars Entertainment, California, Churchill Downs, Cordish Co., Culinary Union, DraftKings, Drugs, FanDuel, Florida, FoxBet, Genting, Greenwood Racing, Internet gambling, Law enforcement, Lotteries, MGM Resorts International, Missouri, Mohegan Sun, New Jersey, Penn National, Pennsylvania, Regulation, Resorts World LV, Rush Street Gaming, Scientific Games, Seminole Tribe, Singapore, Sports betting, Station Casinos, Taxes, Tribal | 1 Comment

Encore dominates Massachusetts; Penn touted; Fontainebleau jilted

Gaming revenues in Massachusetts were up 10% from September 2019, reaching $89 million. The lion’s share (65%) went to Encore Boston Harbor, leaping 17.5% to $57.5 million—$7 million more than Deutsche Bank analyst Carlo Santarelli expected. (Encore also disclosed some … Continue reading

Posted in Animals, Barstool Sports, BetMGM, Caesars Entertainment, Detroit, DraftKings, Economy, Entertainment, FanDuel, Fontainebleau, FoxBet, Golden Nugget, Health, Internet gambling, Lake Tahoe, Marketing, Massachusetts, MGM Resorts International, Michigan, Mohegan Sun, Ocean Resort, Penn National, Pennsylvania, Rush Street Gaming, Singapore, Sports, Sports betting, Steven Witkoff, The Strip, TV, Wall Street, Wynn Resorts | 1 Comment

Business comeback fuels Strip; Massachusetts fumbles sports betting

Las Vegas Strip room rates continue to demonstrate sustained strength through October and, get this, midweek traffic is driving the bus. Overall, weekday prices are up 22% versus 17% on weekends. MGM Resorts International is the pace car, +24% midweek … Continue reading

Posted in Caesars Entertainment, California, Card rooms, Connecticut, Derek Stevens, Economy, Fontainebleau, Health, IGT, International, Japan, Las Vegas Raiders, Las Vegas Sands, Macau, Massachusetts, MGM Resorts International, Mohegan Sun, Politics, Resorts World LV, Singapore, Sports, Sports betting, Taxes, The Strip, Tribal, Wall Street, Wynn Resorts | 1 Comment

Wall Street meets Vegas, likes what it hears

JP Morgan analysts, led by Joseph Greff, are touring Las Vegas ahead of Global Gaming Expo and seem to like what they’re hearing. For instance, they met with Station Casinos CFO Steven Cootey and were told that demand continues to … Continue reading

Posted in Atlantic City, Barstool Sports, BetMGM, Caesars Entertainment, California, Canada, China, Conventions, Economy, Health, Internet gambling, Japan, Las Vegas Sands, Louisiana, M Resort, Macau, Marketing, Massachusetts, MGM Resorts International, Mississippi, New Jersey, New York, North Las Vegas, Palms, Penn National, Problem gambling, Resorts World LV, Singapore, Sports betting, Station Casinos, Taxes, Texas, Tribal, Wall Street, Westgate LV | 3 Comments

Masks back on, Las Vegas!; All’s right with the REITs

Mincing few words, MGM Resorts International CEO Bill Hornbuckle sent a letter to all employees, urging them to quit dithering and get their Covid-19 vaccinations, if they haven’t already. He pleaded, “In addition to the heart-wrenching thought of more illness … Continue reading

Posted in Bally, BetMGM, Boulder Strip, Boyd Gaming, Caesars Entertainment, Charity, Churchill Downs, Conventions, Delaware, Derek Stevens, Dining, Economy, GLPI, Health, history, Indiana, Kentucky, Lake Tahoe, Las Vegas Sands, Laughlin, Maryland, MGM Resorts International, Mississippi, Nevada, North Las Vegas, Penn National, Real Estate, Resorts World LV, Singapore, Sports betting, The Strip, Tribal, Wall Street | 3 Comments

LV Sands overpromises, underdeliver; Court to Station: Unionize!

Shares of Las Vegas Sands traded down yesterday after the company missed its second-quarter estimates. Wall Street expected cash flow of $290.5 million and LVS delivered $244 million, a significant shortfall. (Mind you, Sands no longer reports earnings from Venelazzo.) … Continue reading

Posted in China, Culinary Union, Florida, Health, Internet gambling, Japan, Las Vegas Sands, Macau, Seminole Tribe, Singapore, Station Casinos, Texas, Tourism, Wall Street | 1 Comment

Las Vegas flirting with disaster; Pennsylvania sickly

With the exception of brave outliers Las Vegas Sands and Westgate Las Vegas, most casinos in Sin City are reacting to the resurgence of Covid-19 by doing … nothing. There’s a ‘been there, done that‘ attitude toward crisis-period measures like … Continue reading

Posted in Arizona, Bally, Barstool Sports, Baseball, BetMGM, Caesars Entertainment, Churchill Downs, Cordish Co., DraftKings, Economy, FanDuel, FoxBet, Genting, Greenwood Racing, Hard Rock International, Health, Internet gambling, Las Vegas Sands, Mohegan Sun, Nevada, New York, Ohio, Penn National, Pennsylvania, Regulation, Rush Street Gaming, Singapore, The Strip, Tourism, Tribal, Wall Street, Westgate LV | 3 Comments

Las Vegas rates rebound; Kentucky Derby brings out crowds

In another sign of a faster-than-expected Las Vegas comeback, room rates on the Strip for the May 23-29 period are reported to be flat with 2019. Midweek numbers are mildly down (-17%) but counterbalanced by higher weekend rates (+18%) than … Continue reading

Posted in Atlantic City, Australia, China, CityCenter, Conventions, Crown Resorts, Dining, Dubai, Economy, Entertainment, Genting, Golden Nugget, Hard Rock Hotel, Health, Horseracing, Illinois, International, Las Vegas Sands, MGM Resorts International, Palms, Pennsylvania, Plaza, Real Estate, Regulation, Singapore, Sports, Sports betting, Station Casinos, Taxes, Tennessee, The Strip, Tribal, Virginia, Wynn Resorts | 1 Comment

Sands blitzes Texas; Las Vegas “swarming” with tourists; Oscars suck

Starting last week, Las Vegas Sands has been blanketing the Texas airwaves with a barrage of pro-casino ads. Faced with a loss of traction in the Lege, Sands is turning to the court of public opinion. Going in drag as … Continue reading

Posted in Arizona, Atlantic City, Boyd Gaming, Brothels, Caesars Entertainment, China, Cosmopolitan, Derek Stevens, Diversity, Downtown, Economy, Entertainment, Hawaii, Health, Las Vegas Sands, Louisiana, Macau, Movies, Nevada, New York, Ocean Resort, Oklahoma, Pahrump, Politics, Singapore, Texas, The Strip, Tilman Fertitta, Tourism, Tribal | 2 Comments

BetMGM “very credible”; Recovery at Sands “gradual”

That’s how JP Morgan analyst Joseph Greff described an evidently persuasive virtual meeting with BetMGM covering the latter’s recent results and strategic objectives. “To us, this was a credible presentation (particularly with its customer acquisition and retention objectives and operating … Continue reading

Posted in Alabama, Atlantic City, Bally, California, Canada, China, Cosmopolitan, Culinary Union, Dotty's, DraftKings, Economy, FanDuel, Illinois, Internet gambling, Las Vegas Sands, Louisiana, Macau, Marketing, MGM Resorts International, Michigan, Mohegan Sun, Nevada, New Jersey, New York, Ocean Resort, Politics, Regulation, Singapore, Slot routes, Texas, The Strip, Tribal, Wall Street, Wynn Resorts | Comments Off on BetMGM “very credible”; Recovery at Sands “gradual”

Wall Street meets Las Vegas, Part I

JP Morgan analysts conducted a pilgrimage to Las Vegas to meet with the top brass of Big Gaming. First up was MGM Resorts International, represented by CEO Bill Hornbuckle, CFO Jonathan Halkyard and BetMGM CEO Adam Greenblatt. They see positive … Continue reading

Posted in Arizona, Atlantic City, Barstool Sports, Caesars Entertainment, California, Conventions, Detroit, DraftKings, Economy, Illinois, Indiana, Lake Tahoe, Las Vegas Sands, Louisiana, Macau, Maryland, MGM Resorts International, Michigan, Mississippi, New York, Ohio, Penn National, Reno, Singapore, Sports, Sports betting, Texas, The Strip, Tourism, Transportation, Tribal, TV, William Hill | 2 Comments