Category Archives: Alabama

Wynn, Caesars jostle in New York City; Penis envy

With a rival Coney Island casino proposal TKO’d and Steve Cohen‘s Citi Field one on the ropes, Wynn Resorts is stepping up its push for getting the brass ring at Manhattan‘s Hudson Yards area, adjacent to the Javits Center. A … Continue reading

Posted in Alabama, Architecture, Arizona, Atlantic City, Australia, Bally, Boyd Gaming, Caesars Entertainment, Charity, China, CityCenter, Crown Resorts, Culinary Union, Diversity, Genting, Health, James Packer, Las Vegas Sands, Law enforcement, Louisiana, Macau, Marketing, Maverick Gaming, MGM Resorts International, Michigan, Mohegan Sun, Money laundering, New York, Ohio, Politics, Regulation, Reno, Sports, Sports betting, Station Casinos, The Strip, Tribal, Wynn Resorts | 3 Comments

Portnoy torches Penn; Station “outstanding”; DraftKings improves; Alabama betting brouhaha; Derby gone to the dogs

Penn Entertainment stock collapsed 13% Wednesday afternoon after Barstool Sports founder Dave Portnoy took to Twitter to rant and rave about the firing of Ben Mintz, a ‘Stool fool who dropped the N-word on air for all the world to … Continue reading

Posted in Alabama, Animals, Barstool Sports, Baseball, Caesars Entertainment, California, Canada, Churchill Downs, Cordish Co., Cretins, DraftKings, Golden Gaming, Horseracing, Illinois, Internet gambling, Marketing, Maryland, Massachusetts, MGM Resorts International, North Las Vegas, Ohio, Penn National, Sports, Sports betting, Station Casinos, The Mob, The Strip, Wall Street, West Virginia | Comments Off on Portnoy torches Penn; Station “outstanding”; DraftKings improves; Alabama betting brouhaha; Derby gone to the dogs

Vegas booming; Churchill Downs “messy”; Mega-Jottings

Nevada gambling winning catapulted 18% last month—yes, almost a 20% increase over post-Covid numbers (although January 2022 was dampened by Omicron). The good times just keep on rolling, to the tune of $1.2 billion. The Las Vegas Strip led the … Continue reading

Posted in Alabama, Aristocrat, Arizona, Atlantic City, Bally, Baseball, BetMGM, Boulder Strip, Century Casinos, Churchill Downs, Culinary Union, Downtown, DraftKings, Environment, Fontainebleau, Georgia, GLPI, Hard Rock International, Horseracing, Indiana, International, Internet gambling, Iowa, Lake Tahoe, Laughlin, Lotteries, Maverick Gaming, Mesquite, MGM Resorts International, Mohegan Sun, Movies, Nevada, New Hampshire, New York, North Carolina, North Las Vegas, Peninsula Pacific, Pennsylvania, Phil Ruffin, Politics, Reno, Resorts World LV, Rush Street Gaming, Slot routes, South Korea, Sports betting, Technology, The Rio, The Strip, Tribal, United Kingdom, Vici Properties, Virginia, Wall Street, Washington State, Wendover | 1 Comment

Christmas wishes

It’s time to reward those who have been nice and offer appropriate gifts to the naughty. So, without further ado, we play Santa Claus to the casino industry …

Posted in AGA, Alabama, Alex Meruelo, Atlantic City, Bally, Barstool Sports, Boyd Gaming, Caesars Entertainment, California, Card rooms, Chicago, China, Crown Resorts, Culinary Union, Dan Lee, Derek Stevens, Downtown, DraftKings, Fontainebleau, Full House Resorts, Genting, Georgia, Hard Rock International, James Packer, Japan, Kazuo Okada, Las Vegas Sands, Macau, Massachusetts, Mattress Mack, MGM Resorts International, Michael Gaughan, Missouri, Moulin Rouge, Movies, Nevada, New York, Oklahoma, Pahrump, Palms, Penn National, Phil Ruffin, Politics, Real Estate, Regulation, Resort fees, Resorts World LV, Sahara, Scott Butera, Sports betting, Star Entertainment, Station Casinos, Steve Wynn, The Rio, The Strip, Tilman Fertitta | Comments Off on Christmas wishes

MGM: Change partners and dance; 888 TKO’d

It’s Blackstone Group out, Vici Properties in at MGM Grand and Mandalay Bay, as Vici exercised its option over the half (OK, 49.9%) that it didn’t already own. Blackstone is $2.8 billion richer as a result, including $700 million in … Continue reading

Posted in Alabama, Arizona, Atlantic City, Bally, BetMGM, Boyd Gaming, Caesars Entertainment, California, Canada, Conventions, DraftKings, Economy, Election, FanDuel, Florida, Genting, Golden Nugget, Internet gambling, Iowa, Las Vegas Raiders, Las Vegas Sands, Macau, Maryland, MGM Resorts International, Michael Gaughan, Nebraska, Politics, Puerto Rico, Racinos, Real Estate, Regulation, Sports betting, Taxes, Texas, The Strip, Tilman Fertitta, Tourism, Tribal, Vici Properties, Virginia, Wall Street, WInd Creek | Comments Off on MGM: Change partners and dance; 888 TKO’d

Bullish for Boyd; Abbott does Texas two-step; D.C. remorse

Bad economy? Not if you’re Boyd Gaming. The regional giant significantly improved third-quarter income, from $843 million in 3Q21 to $877 million this year. Said CEO Keith Smith, “Continuing into October, customer spending has been very consistent with the trends … Continue reading

Posted in Alabama, Barstool Sports, Baseball, Boyd Gaming, Caesars Entertainment, California, Downtown, Economy, Election, Hard Rock International, Hawaii, Indiana, International, Internet gambling, Japan, Louisiana, Mattress Mack, Mohegan Sun, New Jersey, Pennsylvania, Politics, Sports betting, Texas, Tourism, Tribal, Virgin Hotels, Wall Street, Wynn Resorts | 2 Comments

Atlantic City slows, Massachusetts doesn’t; Mega-Jottings

Atlantic City casinos grossed $252 million last month, up 1% year/year. A 2.5% hop in slot revenue ($186.5 million) on 1% more coin-in more than made up for a 2% dip in table win ($63.5 million) on 5% lower wagering. … Continue reading

Posted in Alabama, Atlantic City, Bally, Barstool Sports, BetMGM, Caesars Entertainment, Canada, DraftKings, Election, FanDuel, G2E, Golden Nugget, Hard Rock International, International, Internet gambling, Louisiana, Massachusetts, MGM Resorts International, Mohegan Sun, New York, Ocean Resort, Penn National, Regulation, Scientific Games, Sports betting, Tribal, United Kingdom, Wisconsin, Wynn Resorts | 1 Comment

Report from the shore; Cretins win in Alabama

While Bally’s Corp. may not be the laughingstock of the casino industry, it isn’t for want of trying. You would think that Bally’s Atlantic City (above) would want to pimp nearby Bally’s Dover Downs to its customers. Instead it sent … Continue reading

Posted in Alabama, Alex Meruelo, Arizona, Atlantic City, Australia, Bally, Churchill Downs, Delaware, DraftKings, Economy, Hard Rock International, Health, Kentucky, Las Vegas Raiders, Marketing, Mississippi, New York, Politics, Sports betting, Star Entertainment, Taxes, United Kingdom, Wall Street, Washington State, WInd Creek | 1 Comment

Jottings for the weekend

Aside from the launch of sports betting in Kansas—spearheaded by Hollywood Casino and Kansas Star—it’s been a slow news week. Casino gambling is headed the wrong way in Alabama, where employee-owned GreeneTrack Class II casino was forced to shut down, … Continue reading

Posted in Alabama, Australia, Boyd Gaming, Caesars Entertainment, Connecticut, Crown Resorts, Detroit, DraftKings, Florida, history, Kansas, Las Vegas Sands, Macau, Mohegan Sun, Money laundering, Nebraska, Penn National, Racinos, Seminole Tribe, Singapore, Sports betting, Taxes | 1 Comment

If at first you don’t succeed … sue; Academy Awards odds posted

It’s a tried and true adage of American life that if you can’t get what you want fair and square, take it to court. Case in point: Full House Resorts. Having lost out on the Indiana Gaming Commission‘s selection of … Continue reading

Posted in Alabama, Bally, Chicago, Churchill Downs, Dan Lee, Election, Full House Resorts, Health, Indiana, International, Las Vegas Sands, Macau, Melco Resorts & Entertainment, Movies, Nebraska, Ohio, Politics, Racinos, Regulation, Sports betting, WInd Creek, Wynn Resorts | Comments Off on If at first you don’t succeed … sue; Academy Awards odds posted

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”

Atlantic City disappoints, Internet gambling doesn’t

We’re going to have revise our prediction that Atlantic City would recover from Covid-19 faster than Las Vegas. Not at the rate things are going. March casino win was down 17% from 2019, coming in at $185 million. The Caesars … Continue reading

Posted in Alabama, Arizona, Atlantic City, Bally, Caesars Entertainment, China, DraftKings, FanDuel, Florida, Golden Nugget, Hard Rock International, Health, Internet gambling, Lotteries, MGM Resorts International, Mohegan Sun, New Jersey, New York, Ocean Resort, Pennsylvania, Philippines, Politics, Regulation, Seminole Tribe, Sports, Sports betting, Taxes, The Strip, Tribal, Wall Street, William Hill, Wynn Resorts | 3 Comments

It’s DraftKings’ world, we just live in it; Musk tunnel panned

While Coronavirus and the ensuing shut-ins were very good for DraftKings by virtually every metric, CEO Jason Robins says the fun is just beginning. He told the Boston Globe that the pandemic has ratified his business model, which presumed the … Continue reading

Posted in Alabama, Architecture, Atlantic City, Barstool Sports, Boyd Gaming, Caesars Entertainment, Cordish Co., DFS, Dining, DraftKings, FanDuel, Health, Illinois, Indiana, Internet gambling, Japan, Lotteries, Marketing, Massachusetts, MGM Resorts International, Ocean Resort, Penn National, Pennsylvania, PointsBet, Politics, Racinos, Security, Spectacle Entertainment, Sports, Sports betting, The Strip, Transportation, Wall Street | Comments Off on It’s DraftKings’ world, we just live in it; Musk tunnel panned

Demand, prices way up on the Strip; Big casino push in Texas

Emboldened by a combination of new, 50% capacity limits in Nevada and $1,400 stimulus checks, visitors poured into Las Vegas and resorts were quick to profiteer, er, monetize the nascent demand. The Strat more than tripled room rates, from $50/night … Continue reading

Posted in Alabama, Atlantic City, Caesars Entertainment, California, China, Cordish Co., Cosmopolitan, Donald Trump, Economy, Election, Golden Gaming, Harry Reid, Health, history, Las Vegas Sands, Law enforcement, Lotteries, Macau, Marketing, Oklahoma, Pennsylvania, Politics, Racinos, Rush Street Gaming, Sahara, Sheldon Adelson, Sports betting, Taxes, Tennessee, Texas, The Strip, Tourism, Tribal, Virginia, Wynn Resorts | 1 Comment

Next stop … Richmond?!?; Alabama covets casinos

No fewer than six companies, some of them major, have descended upon Richmond, Virginia, seeking the Dominion State’s last casino license. They are: Bally’s Corp. ($650 million), Cordish Cos. ($600 million), Golden Nugget ($400 million), Pamunkey Indian Tribe ($350 million), … Continue reading

Posted in Alabama, Bally, Cordish Co., Diversity, Entertainment, Golden Nugget, International, Kansas, MGM Resorts International, Politics, South Korea, Sports betting, The Strip, Tilman Fertitta, Tourism, Tribal, United Kingdom, Virginia, Wynn Resorts | 2 Comments

Boyd better than expected; Marching through Georgia

Boyd Gaming leaked January data, what Wall Street calls “offered an encouraging commentary,” to help put an upbeat spin on its 4Q20 numbers. It worked like a charm. JP Morgan analyst Joseph Greff moved his price target up $8 to … Continue reading

Posted in Alabama, Boulder Strip, Boyd Gaming, Cretins, Downtown, Economy, Entertainment, FanDuel, Florida, Foxwoods, Georgia, Hawaii, Health, Illinois, Lotteries, MGM Resorts International, Nevada, Pennsylvania, Politics, Resort fees, South Carolina, Sports, Sports betting, The Strip, Tony Hsieh, Tourism, Virgin Hotels, Wall Street | 3 Comments

Normality in Ohio, disaster in Illinois; Planet Ho sale mooted

Maybe the ‘skinny stimulus’ helped Ohio. Gross gaming revenues of $153.5 million were only 8.5% off last year’s pace. The gambling houses are still operating at 50% capacity and under a curfew but the number remains impressive. Hollywood Toledo continues … Continue reading

Posted in Alabama, Bally, Boyd Gaming, Churchill Downs, Colorado, Dan Gilbert, Detroit, Dining, DraftKings, Economy, Georgia, Hard Rock International, history, Illinois, Jack Entertainment, Las Vegas Sands, Louisiana, Macau, Marketing, Maryland, Massachusetts, Mattress Mack, MGM Resorts International, North Carolina, Ohio, Penn National, Planet Hollywood, South Dakota, Sports betting, Texas, The Strip, Transportation, TV, Virginia, Wall Street, Wynn Resorts | 1 Comment

Welcome to Less Vegas

Caesars Entertainment, aka Eldorado Resorts, has become possessed by the evil spirit of spare-every-expense Columbia Sussex. In one of the most odious of recent cutpurse moves, bartenders have been ordered to short-pour liquor: The ‘new normal’ is .75 ounces per … Continue reading

Posted in Alabama, Arizona, Barstool Sports, Caesars Entertainment, California, Canada, Columbia Sussex, Connecticut, Conventions, Cretins, DraftKings, Election, FanDuel, Florida, Health, Kansas, Lotteries, Massachusetts, Maverick Gaming, MGM Resorts International, Mississippi, Nebraska, New Mexico, North Dakota, Ohio, Penn National, PointsBet, Politics, Racinos, Sports, Sports betting, The Strip, Tribal, United Kingdom, Wall Street, Washington State | 1 Comment

Tribute to a bad man

Sheldon Adelson‘s Horatio Alger success story came to an abrupt end today, when the Boston Globe broke the news of his death from lymphoma at age 87. Adelson had a good run in the industry, longer than most, and his … Continue reading

Posted in AGA, Alabama, Architecture, Conventions, Culinary Union, Donald Trump, Election, Florida, Galaxy Entertainment, Health, history, International, Internet gambling, Japan, Las Vegas Sands, LVCVA, Macau, Marijuana, Movies, New York, Pennsylvania, Politics, Sheldon Adelson, Singapore, Sociedade de Jogos de Macau, Sports betting, Stanley Ho, Steve Wynn, Taxes, Texas, The Strip, Tribal, Wall Street | 3 Comments

Sports betting impresses in Iowa; Harness racing resumes

Sports betting in Iowa crossed the $100 million threshold in handle last month and that was without some key players like BetMGM, which launched earlier this month. Wagers are expected to vault now that Gov. Kim Reynolds‘ stay on mobile … Continue reading

Posted in Alabama, Boyd Gaming, Caesars Entertainment, Canada, China, Cordish Co., Health, Iowa, MGM Resorts International, New York, Ohio, Oklahoma, Penn National, Pennsylvania, Racinos, Sports betting, Tribal | 1 Comment