Category Archives: Eldorado Resorts

May’s cupboard empty

With Nevada casinos closed all May, gaming revenue was a ghost of its former self, down 99.5%, kept alive by mobile sports wagering and online poker. Silver State casinos grossed just under $6 million. Reno, Laughlin and Lake Tahoe all … Continue reading

Posted in Caesars Entertainment, Cirque du Soleil, Derek Stevens, Downtown, Economy, Eldorado Resorts, G2E, Hard Rock International, Health, Internet gambling, Lake Tahoe, Laughlin, Law enforcement, Louisiana, MGM Resorts International, Ohio, Phil Ruffin, Politics, Regulation, Reno, Technology, The Strip, Tilman Fertitta, Tourism, Transportation, Wall Street | 2 Comments

Louisiana sees fewer, richer players

Gambling re-started in Louisiana May 18, albeit with some significant casualties. Harrah’s New Orleans and Fair Grounds racino weren’t able to wade in until the end of the month and Diamond Jack’s is kaput. Despite mad business early in reopening, … Continue reading

Posted in Boyd Gaming, Caesars Entertainment, Churchill Downs, Detroit, DraftKings, Eldorado Resorts, FanDuel, GLPI, Golden Nugget, Greenwood Racing, Health, Internet gambling, Louisiana, Michigan, Penn National, Pennsylvania, PokerStars, Rush Street Gaming, Sports betting, Taxes, Tribal, Wall Street | Comments Off on Louisiana sees fewer, richer players

Caesars slashes costs; Circa to open early

News out of Eldorado Resorts and Caesars Entertainment, where Tom Reeg is showing the whip hand, are good for investors, maybe not so much for customers. In a period in which revenue fell 21%, cash flow rose 16%, thanks in … Continue reading

Posted in Boyd Gaming, Caesars Entertainment, Derek Stevens, Dining, Downtown, Eldorado Resorts, Florida, Health, Marketing, Penn National, Real Estate, Sports, Wall Street | 2 Comments

Death wish in Las Vegas

First, the good news. “Low and friendly.” Those are how room prices on the Las Vegas Strip are described. Resorts in Las Vegas opened to (restricted) capacity bookings and attendance. Since this is Vegas Lite, one in which fewer rooms … Continue reading

Posted in Architecture, Conventions, Cosmopolitan, Derek Stevens, Economy, Eldorado Resorts, Health, MGM Resorts International, Real Estate, The Strip, Tourism, Transportation, Wall Street | Comments Off on Death wish in Las Vegas

California Lege mulls sports betting; Mega-Jottings

Gaming analysts may be getting a little ahead of themselves but they’re estimating that California could generate $30 billion a year in sports-betting handle, $2 billion in revenue and $300 million in taxes. That’d be pretty good news for a … Continue reading

Posted in Boyd Gaming, Caesars Entertainment, California, Downtown, Economy, Eldorado Resorts, International, Lotteries, New Jersey, Politics, Regulation, Rhode Island, Sports betting, Station Casinos, Taxes, The Strip, Tourism, Tribal, Twin River | 2 Comments

AGA tackles IRS; Stevens picks up the tab

Perhaps emboldened by its success with the Small Business Administration, the American Gaming Association is tackling an even bigger, more formidable foe: the Internal Revenue Service. Specifically, the AGA is taking aim at the $1,200 “IRS lockdown,” the threshold at which … Continue reading

Posted in AGA, Caesars Entertainment, Derek Stevens, Eldorado Resorts, Health, Louisiana, MGM Resorts International, Racinos, Regulation, Sports betting, Taxes, The Strip, Transportation, Virginia | 1 Comment

New cop on the beat; Are we ready for some football?

There’s a new sheriff in town. Credit Suisse analyst Benjamin Chaiken made his debut today, issuing a sweeping series of reports, covering a number of tourism sectors. Let’s cut to the chase: “This is an unprecedented time for the sector, … Continue reading

Posted in Caesars Entertainment, Economy, Eldorado Resorts, Entertainment, Health, IGT, Las Vegas Sands, Macau, Real Estate, Scientific Games, Sociedade de Jogos de Macau, Sports, Sports betting, The Strip, Wall Street, Wynn Resorts | 1 Comment

Cosmo to Hard Rock?; Caesars dwarfs Eldorado

VitalVegas is a veritable font of Las Vegas Strip scuttlebutt. Among its recent rumor-chases was the tantalizing hint that Planet Hollywood was going to go smoke-free. (Official word from Caesars Entertainment: “Untrue.” End of story.) Also, author Scott Roeben is … Continue reading

Posted in Caesars Entertainment, Cosmopolitan, Dining, Economy, Eldorado Resorts, Hard Rock International, MGM Resorts International, Nevada, Penn National, Planet Hollywood, Real Estate, Seminole Tribe | Comments Off on Cosmo to Hard Rock?; Caesars dwarfs Eldorado

Goodman batshit crazy; Detroit puts casinos on ‘hold’

Could we be seeing the last of Las Vegas Mayor Carolyn Goodman (I), and her ‘every man for himself and devil take the hindmost’ approach to Coronavirus? Poker pro Doug Polk has begun a recall petition drive to try and … Continue reading

Posted in Caesars Entertainment, Detroit, Dining, Downtown, Eldorado Resorts, Health, Michigan, Politics, Sports, Tilman Fertitta, Tribal, Wall Street | 3 Comments

Colorado sports betting a hit; REIT bides its time

Sports betting came out of the gate strong in Colorado. One of the surprises was the amount of handle on the Los Angeles Lakers. Said DraftKings odds guru Johnny Avello, “One of the things I did find interesting was the Lakers … Continue reading

Posted in Baseball, Boyd Gaming, Colorado, DraftKings, e-sports, Eldorado Resorts, FanDuel, GLPI, Health, Horseracing, Illinois, Louisiana, Maryland, Mesquite, Pinnacle Entertainment, Sports, Sports betting, Wall Street | Comments Off on Colorado sports betting a hit; REIT bides its time

Twin River advances, Maverick retreats; Sands optimistic

Twin River Holdings is now a player in Atlantic City. It must have driven a hard bargain, too, picking up lowly Bally’s for $25 million, mere pocket change. It had Caesars Entertainment and Eldorado Resorts over a barrel, as keeping … Continue reading

Posted in Atlantic City, Caesars Entertainment, Economy, Eldorado Resorts, Health, history, Internet gambling, Lake Tahoe, Las Vegas Sands, Louisiana, Macau, Maverick Gaming, Regulation, Sports betting, Taxes, The Strip, Twin River, Virginia | 1 Comment

New opening for ‘Net bets; Goodman still under fire

With gaming reeling—and tax revenues along with it—Internet gambling may start looking more attractive to states that have previously scorned it. Sports betting has taken the lead, with Colorado poised to enter that fray. However, Morgan Stanley analyst Thomas Allen … Continue reading

Posted in Atlantic City, Caesars Entertainment, Colorado, Culinary Union, Economy, Eldorado Resorts, GLPI, Health, Internet gambling, Morris Bailey, Nevada, New Jersey, Oregon, Penn National, Real Estate, Sports betting, Taxes, The Strip, Tilman Fertitta, Tribal, TV, Unite-Here, Wall Street, Wisconsin | Comments Off on New opening for ‘Net bets; Goodman still under fire

Carnage in Louisiana; Documentary slams MGM

Louisiana casinos grossed $97 million last month, having been closed on March 17. April appears to be a dead loss. Surprisingly, the Baton Rouge market was the least hard-hit although at -58% everything is relative. The 61% statewide plunge compares … Continue reading

Posted in Boyd Gaming, Caesars Entertainment, Charity, Churchill Downs, Dining, Eldorado Resorts, GLPI, Law enforcement, Louisiana, Mandalay Bay Massacre, MGM Resorts International, Movies, Penn National, Sahara, The Strip, Tilman Fertitta | Comments Off on Carnage in Louisiana; Documentary slams MGM

Internet saves Atlantic City; Hope for sports bettors

On March 16, both Atlantic City and Detroit closed their casinos, but the Boardwalk had it somewhat worse, down 62% in the truncated month. (The numbers suggest that visitation may have been tailing off prior to the shutdown.) Atlantic City … Continue reading

Posted in AGA, Atlantic City, Caesars Entertainment, Detroit, DraftKings, Eldorado Resorts, FanDuel, Hard Rock International, Health, Internet gambling, Massachusetts, MGM Resorts International, Mohegan Sun, New Jersey, Ocean Resort, Penn National, Sports, Sports betting, Tilman Fertitta, Tribal, Wynn Resorts | 1 Comment

Midwest: Casinos, interrupted

For some arcane reason, Illinois has not reported casino revenue for March. But we have a couple of neighboring states’ data and can conclude with reasonable certainty that it tracks with the Land of Lincoln. After a March 17 closure … Continue reading

Posted in Boyd Gaming, Caesars Entertainment, DraftKings, Economy, Elaine Wynn, Eldorado Resorts, Galaxy Entertainment, Internet gambling, Iowa, Macau, Missouri, Movies, Oregon, Pansy Ho, Penn National, Sheldon Adelson, Sports betting, Steve Wynn, Technology | 1 Comment

Union: Where there’s a will, there’s a way

Discontent with casino management is spreading from Las Vegas to the Gulf Coast and beyond. In a Unite-Here teleconference, local union President Marlene Patrick Cooper expressed the general sentiment, saying, “This is a disaster that’s 10 times worse than Katrina. They chose … Continue reading

Posted in Atlantic City, Caesars Entertainment, China, Derek Stevens, Dining, Economy, Eldorado Resorts, Entertainment, Health, Herbst Gaming, Mississippi, Movies, Nevada, Regulation, The Strip, Unite-Here, Wall Street | 1 Comment

Ohio, Indiana slammed; Station is ‘george’

Loss of half a month in Ohio meant a 61% plunge in casino/racino revenues, to $72 million. Although there were two fewer weekend days in the month that was as nothing compared to Coronavirus. (The calendar is neutral this month, … Continue reading

Posted in Boyd Gaming, Caesars Entertainment, Churchill Downs, Dan Gilbert, DraftKings, Economy, Eldorado Resorts, Full House Resorts, Hard Rock International, Indiana, MGM Resorts International, Ohio, Penn National, Spectacle Entertainment, Sports betting, Station Casinos | 3 Comments

Maryland craters; Penn takes Trop loss

Free State Gov. Larry Hogan (R) having closed casinos on March 16, revenue results were predictably dire, down 58%. That’s a measly $69 million gross. MGM National Harbor booked $26 million, a 58.5% slide, with slots down 62% and tables … Continue reading

Posted in Caesars Entertainment, Churchill Downs, Cordish Co., Detroit, Donald Trump, Economy, Eldorado Resorts, GLPI, Golden Gaming, Health, Las Vegas Sands, Law enforcement, Maryland, Massachusetts, MGM Resorts International, Penn National, Politics, Real Estate, Sheldon Adelson, Sports betting, The Strip, Wall Street, West Virginia, Wynn Resorts | 3 Comments

Las Vegas closed through April 30

Jottings: Nevada Gov. Steve Sisolak (D) is asking Donald Trump to declare the Silver State a ‘major disaster’ area. We agree, but Trump is being punitive toward ‘blue’ states so we doubt Sisolak will get his wish. The governor extended … Continue reading

Posted in Donald Trump, Downtown, Eldorado Resorts, Entertainment, Health, Nevada, Terry Caudill, The Mob, The Strip, Wynn Resorts | 1 Comment

Hard times for Atlantic City; Murren’s big payday

Atlantic City casinos have pink-slipped 6,000 workers as a gaming shutdown goes on indefinitely. Said Ocean Casino Resort CEO Terry Glebocki, “This is truly an unprecedented time not only for Ocean, but for everyone.” Unemployment claims in the Garden State … Continue reading

Posted in Atlantic City, Boyd Gaming, Caesars Entertainment, Economy, Eldorado Resorts, Hard Rock International, Health, Illinois, Indiana, Louisiana, Macau, MGM Resorts International, Morris Bailey, Ocean Resort, Penn National, Pennsylvania, Real Estate, Regulation, Sports betting, Tribal, Wall Street, Washington State | 1 Comment