Category Archives: GLPI

‘ElDiablo’ rides again; Sports betting on the verge in Massachusetts

Last week, Vegas Message Board hosted a lengthy, detailed and impassioned screed from a self-professed Seven Stars member about a recent trip to Las Vegas and stay with Caesars Entertainment. First, the good news: the player host was extremely obliging, … Continue reading

Posted in Architecture, Atlantic City, Bally, Caesars Entertainment, Eldorado Resorts, Entertainment, Foxwoods, Georgia, GLPI, Hard Rock International, Massachusetts, Penn National, Politics, Slot routes, Sports betting, Taxes, Wynn Resorts | 3 Comments

Missouri booms; Trop sale a steal of a deal

After a hiccup in Indiana, gaming revenues continued to march (pun unintended) upward from 2019 levels, which were pretty darn robust. Missouri gained 6% for a gross of $176.5 million, “one of the best months ever” according to JP Morgan … Continue reading

Posted in Arizona, Bally, Boyd Gaming, Caesars Entertainment, Century Casinos, DraftKings, FanDuel, GLPI, Health, Iowa, MGM Resorts International, Missouri, Penn National, Regulation, Rush Street Gaming, Sports, Sports betting, Tamares Group, The Strip, Tribal, Wall Street, William Hill, Wisconsin | 3 Comments

Trop flipped; Arizona, Maryland join sports-betting club

The Gaming & Leisure Properties Inc. regime at Tropicana Las Vegas was (as planned) a short-lived one. GLPI just announced that it has flipped the Trop to Bally’s Corp., which evidently couldn’t wait one minute longer to get onto the … Continue reading

Posted in Arizona, Atlantic City, Bally, Caesars Entertainment, Canada, Colorado, Delaware, Downtown, DraftKings, Entertainment, FanDuel, Foxwoods, GLPI, Golden Nugget, Illinois, Indiana, Iowa, Japan, Las Vegas Sands, Marketing, Maryland, MGM Resorts International, Mohegan Sun, Nevada, Penn National, Politics, Regulation, Sports, Sports betting, Tribal, Wall Street, William Hill | 1 Comment

Trop sale teased; Michigan sports betting explosive

Gaming & Leisure Properties Inc. hosted JP Morgan analysts last week and tried to get them all hot and bothered with talk of a Tropicana Las Vegas sale. It said it felt one would happen sooner, not later, adding that … Continue reading

Posted in Caesars Entertainment, Churchill Downs, Detroit, DraftKings, FanDuel, FoxBet, Genting, GLPI, Health, Internet gambling, Las Vegas Sands, MGM Resorts International, Michigan, Nevada, New Jersey, Penn National, Pennsylvania, PointsBet, Politics, Real Estate, Rush Street Gaming, Sports, Sports betting, The Strip, Tribal, Wall Street, William Hill, Wynn Resorts | 6 Comments

Covid cramps casino revenues; Trop LV in play … again

Now that the smartest man in the room has left the building permanently, we continue to wait for Wall Street‘s reaction to Sheldon Adelson‘s demise. Hearing none, we move on to varying degrees of decline in regional gaming, once thought … Continue reading

Posted in Arizona, Atlantic City, Bally, Barstool Sports, Boyd Gaming, Caesars Entertainment, California, Carl Icahn, Century Casinos, Conventions, DraftKings, Economy, FanDuel, Full House Resorts, GLPI, Health, Indiana, Kentucky, Massachusetts, MGM Resorts International, Missouri, Penn National, Politics, Rush Street Gaming, Sheldon Adelson, Singapore, Spectacle Entertainment, Sports betting, The Strip, Tilman Fertitta, Tribal, William Hill | 1 Comment

Circa debut boosts Downtown; Lots of moving, shaking predicted for ’21

Although casinos across the nation have been swooning in November, results in Nevada—which we feared would take it worse than average—were in line with national trends, a victory of sorts. Statewide, gaming win fell 18% and the Las Vegas Strip, … Continue reading

Posted in Boulder Strip, Boyd Gaming, Caesars Entertainment, Cirque du Soleil, Derek Stevens, Dotty's, Downtown, Economy, Failsinos, Fontainebleau, GLPI, Internet gambling, Lake Tahoe, Las Vegas Sands, Laughlin, Mesquite, MGM Resorts International, Nevada, North Las Vegas, Palms, Planet Hollywood, Regulation, Reno, Resorts World LV, Seminole Tribe, Sheldon Adelson, Sports, Sports betting, Station Casinos, The Rio, The Strip, Virgin Hotels, Wendover, William Hill | 2 Comments

Mixed readings on Vegas recovery; Trump vs. Titus

How bad is it in Las Vegas? Well, the latest edict from MGM Resorts International is that The Mirage will be closed from Monday at noon to Thursday at noon, INCLUDING the casino. (We felt that news needed a bit … Continue reading

Posted in Architecture, Atlantic City, Australia, Barstool Sports, Caesars Entertainment, CQ Holdings, Crown Resorts, Derek Stevens, Donald Trump, Downtown, DraftKings, Economy, GLPI, Health, Horseracing, International, Las Vegas Sands, Louisiana, Macau, Maryland, MGM Resorts International, Movies, Nebraska, Nevada, Penn National, Politics, Racinos, Regulation, Taxes, The Strip, Tourism, Tribal, Wall Street | 1 Comment

Culinary vs. Wynn; Illinois sports betting explodes

Is the Culinary Union cutting off its nose to spite its face? The local had a contractual agreement that all Wynncore members would be keep on full health benefits, even if reduced to part-time status. But when Encore semi-closed, the … Continue reading

Posted in Bally, Barstool Sports, Boyd Gaming, Caesars Entertainment, Churchill Downs, Cordish Co., Culinary Union, DraftKings, Economy, FanDuel, GLPI, Golden Nugget, history, Illinois, Internet gambling, Louisiana, Massachusetts, MGM Resorts International, Mohegan Sun, New Jersey, Penn National, Pennsylvania, Regulation, Rush Street Gaming, Sports, Sports betting, The Strip, Tribal, Wynn Resorts | 1 Comment

Hurricanes batter Louisiana revenues

If it weren’t for bad luck and worse luck, Louisiana might have none at all. Not only does Isle Grand Palais on Lake Charles remain closed after being ripped from its moorings by Hurricane Laura, the state was battered by … Continue reading

Posted in Boyd Gaming, Caesars Entertainment, Churchill Downs, GLPI, Golden Nugget, Louisiana, Penn National, Twin River | Comments Off on Hurricanes batter Louisiana revenues

Buy, sell, lease, buy, sell, lease …; Election: What’s at stake

In an elaborate transaction, Caesars Entertainment sold Tropicana Evansville to Gaming & Leisure Properties Inc. for $340 million, after which the lease on the casino will revert to Twin River Holdings, which will pay $28 million a year for the … Continue reading

Posted in Caesars Entertainment, Colorado, Cretins, Delaware, Donald Trump, Downtown, Election, GLPI, Indiana, Louisiana, Maryland, Racinos, South Dakota, Sports, Sports betting, The Strip, Twin River, Virginia | 2 Comments

Ill winds in Louisiana; Boyd gets a boost

Gambling win in Louisiana was dealt a double blow last month by those twin vixens Hurricanes Laura and Sally. Hardest-hit as usual was storm magnet Lake Charles, where revenue plunged 65%. Treasure Chest in Kenner lost two days of business, … Continue reading

Posted in Architecture, Barstool Sports, Boyd Gaming, Caesars Entertainment, Churchill Downs, Donald Trump, FanDuel, GLPI, Golden Nugget, Louisiana, Money laundering, Penn National, Phil Ruffin, Sports, Sports betting, The Strip, Twin River, Wall Street | 1 Comment

Internet upstages Atlantic City; Detroit returns

Internet gambling stole the spotlight in Atlantic City last month, as it shot up 114% from August 2019. Even with the renewed option of brick-and-mortar play, New Jersey punters are clearly enamored of online action and it’s here to stay. … Continue reading

Posted in Atlantic City, Barstool Sports, Caesars Entertainment, Detroit, DraftKings, FanDuel, GLPI, Golden Nugget, Hard Rock International, Health, Internet gambling, Marketing, MGM Resorts International, Mohegan Sun, Nevada, New Jersey, Ocean Resort, Penn National, Sports betting, The Strip | 1 Comment

Ohio strong, Maryland stable, Illinois stinks

Buckeye State casinos continued their impressive run last month, up 5% to gross $172 million. This is Ohio‘s best-ever August, even with an unfavorable calendar (one less weekend day). Star performer was Hollywood Toledo, up 33% to $23 million. MGM … Continue reading

Posted in AGA, Baseball, Boyd Gaming, Caesars Entertainment, Churchill Downs, Colorado, Cordish Co., Dan Gilbert, Derek Stevens, DraftKings, GLPI, Golden Gaming, Hard Rock International, Illinois, Maryland, MGM Resorts International, Ohio, Pennsylvania, Politics, Regulation, Sports, Sports betting, Uncategorized | 2 Comments

Mega-Jottings for a Monday

Churchill Downs got its second-worst-case scenario for the Kentucky Derby: The September 5 race will have to be held without spectators, a major economic blow to the Louisville area. At least the race will be run and undoubtedly garner much … Continue reading

Posted in Arizona, Atlantic City, Churchill Downs, Derek Stevens, Downtown, Economy, Entertainment, Environment, GLPI, Health, Horseracing, Internet gambling, Kentucky, Louisiana, Macau, MGM Resorts International, New Mexico, Penn National, Reno, Sigma Derby, Sports betting, The Strip, Tribal, Virgin Hotels | 1 Comment

Dispatch from Louisiana; Generosity at Wynncore

Gaming revenue was down 11% last month, not bad considering. The gross was $177.5 million. Lake Charles was easily the most popular market, with $72 million overall. Golden Nugget snared $27.5 million of that (-1%), followed by L’Auberge Lake Charles‘ … Continue reading

Posted in Boyd Gaming, Caesars Entertainment, Churchill Downs, Economy, GLPI, Golden Nugget, Louisiana, Penn National, Twin River, Wynn Resorts | 1 Comment

Indiana, Missouri, Ohio rebound, Illinois not so much

It was back to business as almost normal in Indiana last month. The Hoosier State was only 5.5% 0ff its July 2019 pace, grossing $171 million. (They’ve been open since June 15.) The relative novelty of table games—$5 million—at Indiana … Continue reading

Posted in Boyd Gaming, Caesars Entertainment, Century Casinos, Churchill Downs, Dan Gilbert, DraftKings, FanDuel, GLPI, Hard Rock International, Illinois, Indiana, MGM Resorts International, Missouri, Ohio, Penn National, Sports betting | 1 Comment

Devil in the details

Gaming & Leisure Properties Inc. held a conference call with stock analysts and it revealed more about Caesars Entertainment and, to a lesser extent, Penn National Gaming than the companies themselves were saying. Rents and income were described as “better … Continue reading

Posted in Caesars Entertainment, Conventions, Dining, DraftKings, Economy, GLPI, Japan, Massachusetts, MGM Resorts International, Oklahoma, Penn National, Politics, Problem gambling, Real Estate, Sheldon Adelson, Sports betting, The Strip, Tribal | 1 Comment

Shopping the Trop; Nobu no-no

An unnamed hotel-casino on the Las Vegas Strip is being quietly advertised on private-equity forums. It’s listed as a “brand name” property that’s been in operation for over 30 years. The age would seem to suggest The Mirage (born 1989) … Continue reading

Posted in Affinity Gaming, Boulder Strip, Boyd Gaming, California, CityCenter, Connecticut, Cosmopolitan, Current, Dining, Downtown, Election, GLPI, Hard Rock International, Health, Hooters, Las Vegas Sands, Law enforcement, Louisiana, Massachusetts, Maverick Gaming, MGM Resorts International, Mohegan Sun, Nevada, North Las Vegas, Penn National, Planet Hollywood, Politics, Real Estate, Sheldon Adelson, Singapore, Station Casinos, The Rio, The Strip, Transportation, Tribal, Twin River, Virgin Hotels, Wall Street, Wynn Resorts | Comments Off on Shopping the Trop; Nobu no-no

Case Bets

Something good came out of Washington, D.C. today. (How often can one type that sentence?) Reps. Dina Titus (D) and Guy Reschenthaler (R) introduced bipartisan legislation to repeal the excise taxes and head taxes (a $50 annual levy on every … Continue reading

Posted in AGA, Caesars Entertainment, China, Dining, DraftKings, Entertainment, GLPI, Golden Nugget, Health, Illinois, Internet gambling, Michael Gaughan, Philippines, Politics, Regulation, Sports betting, Taxes, Terry Caudill, TV, Virgin Hotels | Comments Off on Case Bets

History repeats itself, this time as farce

Caesars Entertainment is now Eldorado Resorts‘ bitch and, as Scott Roeben reports, there’s already reason to be concerned, starting with layoffs at Caesars Palace. New CEO Tom Reeg is apparently wasting no time sending employees to the firing squad. He … Continue reading

Posted in Atlantic City, Boyd Gaming, Caesars Entertainment, Economy, Eldorado Resorts, GLPI, Hard Rock International, Health, Internet gambling, Las Vegas Sands, Louisiana, Marketing, MGM Resorts International, Ocean Resort, Planet Hollywood, Politics, Sheldon Adelson, Wynn Resorts | 3 Comments