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- You can’t fix stupid; Good-bad news on the bayou
- If you can’t beat ’em, cheat ’em; Fun & games
- Pennsylvania soggy; Epic fail in North Carolina
- Sibella scandal spreads; Supremes forestall Seminoles
- Atlantic City rebounds; Sibella dumped; NFL suspicions
- MGM limping back; Atlantic City follies; Wall Street Jottings
- On and off the radio
- MGM crippled; Illinois & Indiana report; Bally’s shaky in Chi
- MGM paralyzed; DraftKings debacle; Mount Airy wins
- Bally’s opens, Chicago yawns; MGM, tree murderers
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- Ray Lebowski on Sibella scandal spreads; Supremes forestall Seminoles
- David McKee on Sibella scandal spreads; Supremes forestall Seminoles
- Ray Lebowski on Sibella scandal spreads; Supremes forestall Seminoles
- David McKee on MGM crippled; Illinois & Indiana report; Bally’s shaky in Chi
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Category Archives: Dubai
Atlantic City rebounds; Sibella dumped; NFL suspicions
Casinos in Atlantic City were up 2% in August, reaching $280 million. Slot winnings were 3% higher, on a commensurate increase in coin-in. The gambling halls weren’t so lucky at the tables, where 5% higher wagering translated into flat win. … Continue reading
Posted in Alaska, Animals, Atlantic City, Bally, BetMGM, Caesars Entertainment, DraftKings, Dubai, Fanatics, FanDuel, Genting, Golden Nugget, Hard Rock International, IGT, International, Internet gambling, Las Vegas Raiders, Law enforcement, MGM Resorts International, Mohegan Sun, Movies, Ocean Resort, Palms, Problem gambling, Regulation, Resorts World LV, Sports, Sports betting, Station Casinos, Technology, The Mob, The Strip, Wall Street, Wynn Resorts
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On and off the radio
During this morning’s stint on KNPR-FM‘s State of Nevada, we were only able to cover a fraction of the scheduled questions. So we had the idea of answering here what was not asked there. Let’s take it away … Why … Continue reading
Posted in Alex Meruelo, Baseball, Boyd Gaming, Caesars Entertainment, China, CityCenter, Culinary Union, Dubai, Economy, Fontainebleau, Genting, Golden Gaming, Japan, Jim Murren, Las Vegas Sands, Louisiana, Macau, Marketing, MGM Resorts International, Mohegan Sun, Nevada, North Las Vegas, Palms, Phil Ruffin, Real Estate, Resorts World LV, Sahara, Singapore, South Korea, Sports, Station Casinos, Technology, The Strip, Vici Properties, Wall Street, Wynn Resorts
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MGM paralyzed; DraftKings debacle; Mount Airy wins
In a new kind of September 11 attack, MGM Resorts International was felled by a massive cybersecurity breach. From disabling digital room keys to kneecapping credit card systems (forcing transactions to be made in cash), it sent MGM back to … Continue reading
Posted in Atlantic City, BetMGM, Caesars Entertainment, China, Connecticut, Cosmopolitan, Cretins, DraftKings, Dubai, Florida, Hard Rock International, Health, Las Vegas Sands, Macau, Marketing, MGM Resorts International, Mississippi, Mohegan Sun, Ocean Resort, Ohio, Pansy Ho, Pennsylvania, Problem gambling, Regulation, Sports betting, Technology, The Strip, Wall Street
1 Comment
Bally’s opens, Chicago yawns; MGM, tree murderers
Chicago‘s first casino opened to “dozens of people” Saturday. Only dozens? That’s not a good sign for Bally’s Corp. It’ll need to stir up a lot more excitement than that if it’s to make back its nut on $1.7 billion … Continue reading
Posted in Bally, BetMGM, Boyd Gaming, Caesars Entertainment, Century Casinos, Chicago, Churchill Downs, CityCenter, DraftKings, Dubai, Environment, FanDuel, Genting, history, Japan, Jim Murren, Las Vegas Raiders, Mandalay Bay Massacre, Marketing, MGM Resorts International, Missouri, Nevada, New York, Penn National, Politics, Problem gambling, Regulation, Sports, Sports betting, Taxes, The Strip, Tourism, Transportation, Tribal, Virginia, Wall Street, Wynn Resorts
2 Comments
Arabian nights; New York stasis of mind; Eataly targeted
Big Gaming having gotten into bed with one ultra-despotic regime (Red China), why not go for broke? That’s the impression left by the widely reported news that the United Arab Emirates has rolled out its first-ever General Commercial Gaming Regulatory … Continue reading
Posted in Apollo Management, Boyd Gaming, Caesars Entertainment, China, Cirque du Soleil, Culinary Union, Dining, Dubai, Health, International, Internet gambling, Jim Murren, MGM Resorts International, Missouri, Mohegan Sun, New York, Pennsylvania, Problem gambling, Regulation, Technology, The Strip, Wynn Resorts
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CityCenter sale applauded; DraftKings sued twice over
Deutsche Bank analyst Carlo Santarelli took a gander at the terms of MGM Resorts International‘s purchase/re-sale of Aria and Vdara, and liked what he saw. He reaffirmed his “buy” rating on MGM shares, with a price target of $54. He … Continue reading
Posted in BetMGM, Boyd Gaming, Caesars Entertainment, CityCenter, Cretins, DraftKings, Dubai, Election, FanDuel, Health, Iowa, LVCVA, MGM Resorts International, Nevada, New Jersey, Peninsula Pacific, Penn National, Resorts World LV, Rush Street Gaming, Sports betting, The Strip, Virginia, Wall Street, William Hill
1 Comment
CityCenter sold
Today, MGM Resorts International bought the last remaining chunks—Aria and Vdara—of CityCenter from erstwhile Dubai World. They’ll only make a brief stopover in the lion’s den before being flipped to Blackstone Group. Since we’re covering the story for CDC Gaming … Continue reading
Posted in CityCenter, Current, Dubai, MGM Resorts International, The Strip
1 Comment
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
MGM revving up on Strip; The Skull returns
Allowing for the context that one’s hotels fill up faster when only 25%-50% of the rooms are being rented, MGM Resorts International seems to be enjoying a honeymoon with its customer base. Its Las Vegas Strip resorts are reopening, in … Continue reading
Posted in Caesars Entertainment, Colony Capital, Dining, Downtown, Dubai, Economy, Entertainment, Golden Gaming, Golden Nugget, International, MGM Resorts International, Minnesota, New Jersey, Resorts World LV, The Mob, The Strip
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Hornbuckle, Sternlicht send conflicting messages; Virgin is ailing
Add MGM Resorts International to the short list of Las Vegas hoteliers announcing reopening strategies. In a five-minute video presentation, CEO William Hornbuckle summarized many of the company’s charitable efforts during the crisis (bolstered by a $500,000 contribution from Dubai … Continue reading
Norment’s Torment; New hope for Cal-Neva
Virginia state Sen. Tommy Norment (R) hasn’t been paying attention to the performance of MGM National Harbor. Placing a resort casino in northern Virginia would be, he says, “complete folly.” Instead, Old Virginny will have to put its hopes on … Continue reading
Posted in Caesars Entertainment, Canada, Dubai, Economy, history, Horseracing, International, Lake Tahoe, Law enforcement, Lotteries, Maryland, MGM Resorts International, Money laundering, New York, Ohio, Politics, Problem gambling, Resort fees, Sports, Sports betting, Taxes, The Strip, Tilman Fertitta, Transportation, Tribal, Virginia
1 Comment
MGM retrenches; Election wrap-up
MGM Resorts International CFO Corey Sanders and Chief Strategy Officer Aaron Fischer met with J.P. Morgan analyst Joseph Greff, who came “away from these meetings incrementally positive on MGM’s asset monetization plans, ability to meet its 2020 targets, and a healthy … Continue reading
Posted in Australia, Caesars Entertainment, CityCenter, Colorado, Conventions, Dubai, Election, Full House Resorts, Indiana, Japan, Kentucky, Macau, MGM Resorts International, Regulation, Slot routes, Spectacle Entertainment, Sports, Sports betting, Vietnam, Virginia, Wall Street
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Station fixation; MGM Grand for sale (again)
Citing its own study, the Culinary Union is accusing Station Casinos of running unsafe workplaces. Sample: “Nearly one-fifth (18%) of survey respondents who have not received training in biohazards said they clean biohazards.” The study targets Boulder Station, Green Valley … Continue reading
Posted in Caesars Entertainment, CityCenter, Culinary Union, Dubai, GLPI, MGM Resorts International, Penn National, Station Casinos, Steve Wynn, Wall Street
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Plaza gets a refresh; MGM covets Vegas locals
Congratulations to Plaza Hotel CEO Jonathan Jossel. He’s persuaded tight-fisted Tamares Group to invest in a 112-room renovation of the Downtown dowager. The casino is reportedly coming off its best April ever and this has evidently helped Tamares to see its … Continue reading
Posted in Architecture, Arizona, Boyd Gaming, CityCenter, Derek Stevens, Dining, Downtown, Dubai, e-sports, Entertainment, Japan, Massachusetts, MGM Resorts International, Tamares Group, Transportation, Wall Street, Wynn Resorts
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Resorts World LV delayed (again); Lady Gaga reigns supreme
Resorts World Las Vegas has reached the 39th of a projected 60 floors. However, Genting Group is cautiously hedging its bet, telling Credit Suisse analyst Cameron McKnight the resort will be finished “by 2020,” not late 2019, as stated previously. Somehow … Continue reading
Posted in CityCenter, Derek Stevens, Downtown, Dubai, Economy, Entertainment, Genting, Macau, MGM Resorts International, Wall Street
2 Comments
Sin City still sinful; Pot comes to the Strip
Las Vegas beat out Los Angeles by a comfortable margin to nab the top spot on WalletHub‘s survey of America‘s most-sinful cities, a category dominated by such activities as pathological gambling and smoking. Casino-enhanced cities dominated the list, with North … Continue reading
Posted in Arizona, CityCenter, Cordish Co., Detroit, DFS, Dubai, Election, Florida, Galaxy Entertainment, Georgia, Greenwood Racing, Japan, Macau, Marijuana, MGM Resorts International, Missouri, North Las Vegas, Pansy Ho, Pennsylvania, Regulation, Slot routes, Société des Bains de Mer, Sports betting, Taxes, The Strip
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Midwest doldrums; Turning a page at Wynn
Slot routes continue to bleed Illinois casinos, which were 1.5% down in October. Two properties withstood the decline. Eldorado Resorts seems to be already turning things around at Grand Victoria, which was up 2% ($13 million). Rivers Casino, coveted by … Continue reading
Posted in Atlantic City, Boyd Gaming, Caesars Entertainment, Centaur Gaming, Churchill Downs, Dubai, Eldorado Resorts, Election, Entertainment, Florida, Full House Resorts, GLPI, Illinois, Indiana, Kentucky, Macau, Majestic Star, Marketing, Penn National, Pinnacle Entertainment, Racinos, Reno, Rush Street Gaming, The Strip, Tribal, Wall Street, Wynn Resorts
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