Category Archives: Dan Gilbert

Wynn sued … twice

Posted on October 7, 2019 by David McKee

Steve Wynn is the gift you wish wouldn’t keep on giving. Wynn Resorts has been slammed with two lawsuits in a week, thanks to Wynn’s libidinous proclivities. According to Casino.org, “Steve Wynn, pressured [women] to not talk with the media, only … Continue reading →

Posted in Dan Gilbert, Dining, Economy, Entertainment, Greenwood Racing, Hard Rock International, Marketing, Massachusetts, Mohegan Sun, Ohio, Pennsylvania, Regulation, Security, Sexual misconduct, Sports, Steve Wynn, Transportation, Wynn Resorts | 1 Comment

Wall Street: The Strip is all right; Rivals pile into Waukegan

Posted on September 16, 2019 by David McKee

JP Morgan analyst Joseph Greff has just returned from a two-day field trip to Las Vegas. His overall reaction was “incrementally positive.” He said he sensed “a fairly steady trend line in terms of overall spend and net revenue performance.” … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, Churchill Downs, Conventions, Dan Gilbert, Dan Lee, Detroit, Dining, Entertainment, Full House Resorts, Illinois, Japan, Las Vegas Raiders, Las Vegas Sands, Macau, Marketing, Maryland, MGM Resorts International, Ohio, Palms, Penn National, Resort fees, Rush Street Gaming, Sahara, Sports betting, The Strip, Tribal, Wall Street, Warner Gaming, Wisconsin | Comments Off on Wall Street: The Strip is all right; Rivals pile into Waukegan

Ohio gallops, Missouri trots

Posted on September 10, 2019 by David McKee

Ohio gambling revenues were up 4% last month, coming in at $164.5 million. Most of that was driven by a particularly good month at the racinos. Hollywood Columbus‘ $19 million represented a 4% gain while Hollywood Toledo hauled in $17 … Continue reading →

Posted in Boyd Gaming, Churchill Downs, Dan Gilbert, Eldorado Resorts, Horseracing, MGM Resorts International, Missouri, Ohio, Penn National | 1 Comment

Paging Steve Wynn; Genting mismanages risk

Posted on August 8, 2019 by David McKee

Somebody alert Steve Wynn. The mega-Walgreens at the northwest corner of Las Vegas Boulevard and Sahara Avenue is on the market as a “Once in a Generation High Profile Asset.” OK, the footprint is relatively small but the seller is … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, Churchill Downs, Dan Gilbert, Eldorado Resorts, Genting, GLPI, Illinois, MGM Resorts International, Ohio, Oklahoma, Penn National, Resort fees, Rush Street Gaming, Singapore, Steve Wynn, Taxes, The Strip, Wall Street | 1 Comment

Ohio prospers, others don’t; Labor trouble at Eldorado

Posted on July 11, 2019 by David McKee

Maryland continues to show signs of casino saturation. Revenue ($143 million) was down 4% last month. Not even MGM National Harbor ($57 million) was immune, off 4%. Slots were up 10% but table games got walloped, down 19%. Still, MGM … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, Carl Icahn, Churchill Downs, Cordish Co., Culinary Union, Dan Gilbert, Eldorado Resorts, Election, Florida, Full House Resorts, Indiana, Isle of Capri, Maryland, MGM Resorts International, Ohio, Penn National, Spectacle Entertainment, Station Casinos, Tropicana Entertainment, Unite-Here, West Virginia | 1 Comment

Merry month of May in Ohio, Missouri; MGM debuts “Hunger Games”

Posted on June 10, 2019 by David McKee

Casino revenues were booming last month in Ohio, leaping 10.5% to $169.5 million. People flocked to the racinos, which vaulted 13%. Hollywood Columbus gained 2% to $19 million and Hollywood Toledo inched 1% to almost $18 million. As for the … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, Churchill Downs, Dan Gilbert, Eldorado Resorts, MGM Resorts International, Missouri, Movies, Ohio, Penn National, The Strip | Comments Off on Merry month of May in Ohio, Missouri; MGM debuts “Hunger Games”

Encore firms up opening date; Bionic money

Posted on May 28, 2019 by David McKee

Global Gaming Business has revealed that Wynn Resorts was so desperate to exit Everett it even held talks with Boston Red Sox owner John Henry to bail it out from the megaresort. Even if the Massachusetts Gaming Commission approved that arrangement (a long … Continue reading →

Posted in Baseball, Dan Gilbert, Detroit, Foxwoods, G2E, Genting, Macau, Massachusetts, MGM Resorts International, Mohegan Sun, Penn National, Pennsylvania, Regulation, Rush Street Gaming, Sports betting, Technology, The Strip, TV, Wall Street, Wynn Resorts | Comments Off on Encore firms up opening date; Bionic money

Rough April for Atlantic City; Britney to jilt MGM?

Posted on May 15, 2019 by David McKee

As always, Atlantic City proves to be a good-news/bad-news story. Gaming revenue there was up 8.5% higher last month but the love had to be spread thin, as same-store revenues fell 12%. Casinos grossed $207.5 million with slots up 6% … Continue reading →

Posted in Atlantic City, Baseball, Boyd Gaming, Caesars Entertainment, Churchill Downs, Dan Gilbert, Detroit, Eldorado Resorts, Entertainment, Greenwood Racing, Hard Rock International, Internet gambling, MGM Resorts International, Mohegan Sun, New Jersey, Ocean Resort, Penn National, Pennsylvania, Racinos, Rush Street Gaming, Sports, Sports betting, The Strip, Tilman Fertitta | 2 Comments

Stability in the heartland; The lure of “NashVegas”

Posted on May 9, 2019 by David McKee

Last month’s gaming revenues from Ohio and Illinois were flat year/year. Some would look at that as a bad thing but it shows the states aren’t losing significant play to neighboring states. Ohio casinos grossed $160 million, with MGM Northfield … Continue reading →

Posted in Australia, Boyd Gaming, Caesars Entertainment, Canada, Churchill Downs, Crown Resorts, Dan Gilbert, Dining, Eldorado Resorts, Georgia, GLPI, Illinois, Law enforcement, Macau, MGM Resorts International, Mississippi, Ohio, Penn National, Pennsylvania, Rush Street Gaming, Sports, Sports betting, The Strip, Tourism, Wall Street, Wynn Resorts | Comments Off on Stability in the heartland; The lure of “NashVegas”

Boffo month for New Jersey, Detroit

Posted on April 15, 2019 by David McKee

Atlantic City casinos sprang through March with a 16% revenue boost (albeit 5% cannibalization of last year’s grosses), booking $223 million, including a 18.5% surge in slot win while table games were up 9% (albeit down 13% on a same-store … Continue reading →

Posted in Atlantic City, Boyd Gaming, Caesars Entertainment, Churchill Downs, Dan Gilbert, Detroit, Eldorado Resorts, Greenwood Racing, Hard Rock International, Internet gambling, Las Vegas Sands, MGM Resorts International, Mohegan Sun, New Jersey, Ocean Resort, Penn National, Pennsylvania, Racinos, Rush Street Gaming, Sports, Sports betting, Tilman Fertitta | 2 Comments

Around the horn

Posted on April 11, 2019 by David McKee

Gambling revenue hit a record amount in Maryland last month, up 9% to $164 million. The good news for MGM National Harbor was that winnings were up 4% to $64 million. The bad news is that this was driven by … Continue reading →

Posted in Affinity Gaming, Ameristar, Boyd Gaming, Caesars Entertainment, Churchill Downs, Cordish Co., Dan Gilbert, Eldorado Resorts, Full House Resorts, GLPI, Golden Gaming, Hard Rock International, Illinois, Indiana, Isle of Capri, Maryland, MGM Resorts International, Missouri, Ohio, Penn National, Racinos, Rush Street Gaming, Taxes, Tribal, Wall Street, West Virginia | Comments Off on Around the horn

Wynn bids for Crown Resorts; MGM garners lofty accolades

Posted on April 9, 2019 by David McKee

In the latest episode from this winter’s senseless round of buy-or-be-bought transactions, Wynn Resorts has tendered an offer to Crown Resorts. Presumably the fun has gone out of tying James Packer‘s shoelaces together. The transaction, while would transform Wynn into … Continue reading →

Posted in Atlantic City, Australia, Carl Icahn, Dan Gilbert, Environment, Galaxy Entertainment, Hard Rock International, history, Japan, Las Vegas Sands, Macau, Massachusetts, Melco Resorts & Entertainment, MGM Resorts International, Ohio, Sexual misconduct, Steve Wynn, Unite-Here, Wall Street, Wynn Resorts | 1 Comment

Atlantic City rallies, Pennsylvania snoozes

Posted on March 14, 2019 by David McKee

Given that a certain amount of cannibalization was inevitable with the debuts of two new casinos on the Boardwalk, a 5% February decline in same-store gambling revenue has to considered a pretty good result. The market overall was up a … Continue reading →

Posted in Atlantic City, Boyd Gaming, Caesars Entertainment, Churchill Downs, Dan Gilbert, Detroit, Eldorado Resorts, Genting, Greenwood Racing, Hard Rock International, Las Vegas Sands, MGM Resorts International, Mohegan Sun, Ocean Resort, Penn National, Pennsylvania, Racinos, Rush Street Gaming, Sports betting, Tilman Fertitta, William Hill | 4 Comments

Business as usual

Posted on March 8, 2019 by David McKee

Ohio casinos grossed $155 million last month, a 5.5% increase. Hollywood Toledo was 2.5% to $16 million and Hollywood Columbus rose 3% to $19 million. Hollywood Dayton was also up 3% to $9 million. Hollywood Mahoning Valley leapt 7% to $10 … Continue reading →

Posted in Ameristar, Animals, Boyd Gaming, Caesars Entertainment, California, Cantor Gaming, Churchill Downs, Dan Gilbert, Eldorado Resorts, Full House Resorts, Horseracing, Indiana, Japan, M Resort, Macau, Majestic Star, Massachusetts, MGM Resorts International, Movies, Ohio, Penn National, Regulation, Sports betting, The Strip, Wall Street, William Hill, Wynn Resorts | Comments Off on Business as usual

Atlantic City: Ocean Resort stages a rally

Posted on February 15, 2019 by David McKee

Atlantic City is weathering the winter months about as well as can realistically be hoped. Same-store revenues were down 8% last month but up 9% overall. Ocean Resort ($12.5 million) actually crept past Bally’s ($12 million) and up on Resorts … Continue reading →

Posted in Atlantic City, Boyd Gaming, Bruce Deifik, Caesars Entertainment, Churchill Downs, Dan Gilbert, Detroit, Eldorado Resorts, Genting, Greenwood Racing, Hard Rock International, Internet gambling, Las Vegas Sands, MGM Resorts International, Mohegan Sun, New Jersey, New York, Penn National, Pennsylvania, Racinos, Rush Street Gaming, Sports betting, Tilman Fertitta | Comments Off on Atlantic City: Ocean Resort stages a rally

Monorail to the rescue of Grand Bazaar; Golden Nugget on the block?

Posted on February 8, 2019 by David McKee

We thought the Las Vegas Monorail was the biggest charity case on the Las Vegas Strip. However, the Grand Bazaar Shops — where Strip retail finally jumped the shark — is apparently even worse off. We say this because of … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, Churchill Downs, Dan Gilbert, Detroit, Dining, Eldorado Resorts, Macau, Marketing, Melco Resorts & Entertainment, MGM Resorts International, Ohio, Penn National, The Strip, Tilman Fertitta, Transportation, Wall Street, Wynn Resorts | 3 Comments

Atlantic City: Managing expectations; Prosperity in Pennsylvania, Detroit

Posted on January 15, 2019 by David McKee

Grossing $209 million last month, the Atlantic City casino market continues to grow, up 12% in the dead of winter, even if it was 7% down on a same-store basis. That’s a tradeoff the industry will have to accept, as … Continue reading →

Posted in Atlantic City, Boyd Gaming, Bruce Deifik, Caesars Entertainment, Churchill Downs, CityCenter, Dan Gilbert, Detroit, Dining, Economy, Eldorado Resorts, Las Vegas Sands, Macau, MGM Resorts International, Mohegan Sun, Penn National, Pennsylvania, Rush Street Gaming, Tilman Fertitta, Wall Street | 1 Comment

Icahn power play at Caesars?; Big plans for Borgata

Posted on January 14, 2019 by David McKee

We all know that Carl Icahn has a sharp eye for undervalued assets. Caesars Entertainment stock fell 46% last year, making it ripe for the plucking. And pick it Icahn did, scarfing up enough to spur a 11.5% rally in … Continue reading →

Posted in Atlantic City, Caesars Entertainment, Carl Icahn, Dan Gilbert, Detroit, DFS, Internet gambling, MGM Resorts International, Regulation, Sports betting, Taxes, Technology, Tilman Fertitta, Trump Entertainment Resorts, Virginia, Wall Street, West Virginia | Comments Off on Icahn power play at Caesars?; Big plans for Borgata

Maryland impressive but Ohio spectacular

Posted on January 8, 2019 by David McKee

Gaming-revenue growth in Maryland cooled a bit last month, coming in at 5% up for a total of $148 million. It’s basically a two-casino market, with MGM National Harbor controlling 40.5% and Maryland Live at 34% and Horseshoe Baltimore an … Continue reading →

Posted in Boyd Gaming, Churchill Downs, Cordish Co., Dan Gilbert, Economy, Eldorado Resorts, Golden Gaming, Maryland, MGM Resorts International, Ohio, Penn National, West Virginia | 1 Comment

New strategy at Ocean Resort; What’s in your wallet?

Posted on December 12, 2018 by David McKee

Stuck in last place in the Atlantic City casino scene, Ocean Resort is going to try a new tack by supersizing its entertainment lineup, in what as described as a “cutthroat Atlantic City nightlife market.” Performers booked for Ocean’s 5,500-seat concert … Continue reading →

Posted in Atlantic City, Bruce Deifik, Dan Gilbert, Entertainment, Hard Rock International, International, Iowa, Ohio, Problem gambling, Warner Gaming | Comments Off on New strategy at Ocean Resort; What’s in your wallet?