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- If you can’t beat ’em, cheat ’em; Fun & games
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- Atlantic City rebounds; Sibella dumped; NFL suspicions
- MGM limping back; Atlantic City follies; Wall Street Jottings
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- 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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- Alice Eskandari on Durango Station, slightly downsized
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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
- Paul Shanahan on MGM crippled; Illinois & Indiana report; Bally’s shaky in Chi
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- Atlantic City rebounds; Sibella dumped; NFL suspicions - 36,870 views
- Profit vs. investment on the Strip - 1,054,626 views
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Category Archives: Nevada
Caesars, MGM impress The Street; Less drag at Golden; Police blotter
After hanging out with CEO Tom Reeg and Senior Vice President of Finance Brian Agnew, analyst Joseph Greff of J.P. Morgan came away “upbeat” about Caesars Entertainment. His optimism centered on three salient points: “Las Vegas strength and momentum”; “a … Continue reading
Posted in Caesars Entertainment, California, Conventions, Cretins, Dining, G2E, Golden Gaming, Internet gambling, Japan, Law enforcement, Louisiana, Macau, Maryland, MGM Resorts International, Money laundering, Nevada, New York, North Dakota, Oklahoma, Politics, Slot routes, Sports, Sports betting, Texas, The Strip, Transportation, Tribal, Wall Street, Wyoming
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Wynn, Golden report; Excalibur kitty caper; PointsBet busted
Citing “very encouraging” trends in Macao, analyst Joseph Greff of J.P. Morgan gave Wynn Resorts a favorable notice today. Without getting too much into the minutiae, Wynn execs cited rapidly improving VIP business, 96% hotel occupancy and a 34% uptick … Continue reading
Posted in Animals, Colorado, Golden Gaming, Laughlin, Macau, Marketing, Maryland, MGM Resorts International, Nevada, PointsBet, Security, Slot routes, Sports, Sports betting, The Strip, Wall Street, Wynn Resorts
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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
Massachusetts booms; Know your enemy
January was very, very good for Massachusetts casinos, which raked in $97 million, pretty darn good for a state with only three gambling halls and a 17.5% leap over last year. The biggest overachiever was Plainridge Park, vaulting 24% to … Continue reading
Nevada closes 2022 roaring; Lombardo’s big blunder
Gambling grosses for last month have been tallied and it’s an understatement to say they’re boffo. Nevada casinos raked in $1.3 billion, a 14% leap over 2021. You can see why we think that—as it pertains to gaming—a recession is … Continue reading
Posted in Atlantic City, Bally, Boulder Strip, Boyd Gaming, CQ Holdings, Downtown, Entertainment, Foxwoods, Greenwood Racing, Internet gambling, Iowa, Lake Tahoe, Las Vegas Sands, Laughlin, Law enforcement, Macau, Maryland, Mesquite, MGM Resorts International, Nevada, Palms, Penn National, Regulation, Reno, The Strip, Tribal, United Kingdom, Wendover, William Hill, Wisconsin
3 Comments
Massachusetts jumps; Bally’s sags; Century flees
Defying a larger trend, Massachusetts closed out 2022 with strength, its casino revenues up 8% to $103 million. The big dog, Encore Boston Harbor, leapt 10% to a boffo $68.5 million, beating Wall Street expectations. MGM Springfield‘s gain was more … Continue reading
Posted in Arkansas, Bally, Century Casinos, Dining, Indiana, International, James Packer, Massachusetts, MGM Resorts International, Nevada, Penn National, Regulation, Resort fees, Singapore, Tribal, Wall Street, Wynn Resorts
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The tax that ate Las Vegas; Dr. King misremembered
A horrible idea for the taxpayer, the economy and for gaming in particular has been resurrected in Congress. Yes, it’s the “national sales tax,” which would lay a double-digit impost on all goods and services, and which only could be … Continue reading
Posted in AGA, Cretins, DraftKings, Economy, history, Marketing, Michael Gaughan, Movies, Nevada, Politics, Station Casinos, Taxes
2 Comments
Strip’s good times waning
A big touché to the uncredited wag at the Las Vegas Review-Journal who came up with today’s banner headline: CARR PARKED. Yes, the Las Vegas Raiders have had enough of underachieving QB Derek Carr and are benching him for long-shot … Continue reading
Posted in Boulder Strip, Downtown, Lake Tahoe, Las Vegas Raiders, Laughlin, Mesquite, Nevada, North Las Vegas, Reno, The Strip, Wendover
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Illinois, Ohio still firm; Daffy bill in N.Y.; Raiders collapse
November was good for casinos in Ohio and Illinois, both of which posted strong numbers, modestly ahead of last year but—in Ohio’s case—still high heavens above 2019. Fresh off its October dethroning of MGM Northfield Park, rival Hollywood Columbus slipped … Continue reading
Posted in Arizona, Arkansas, Bally, Boyd Gaming, Caesars Entertainment, Churchill Downs, DraftKings, Economy, Eldorado Resorts, Horseracing, Illinois, Jack Entertainment, Japan, Las Vegas Raiders, Las Vegas Sands, Law enforcement, Massachusetts, MGM Resorts International, Nevada, New York, Ohio, Penn National, Politics, Regulation, Resorts World LV, Rush Street Gaming, Service, Sports betting, The Strip, Tourism, Tribal, Wall Street, Wynn Resorts
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Dog & pony show; Snow job in Massachusetts melts
Yesterday’s Hard Rock International road show before the ostensibly investigative Nevada Gaming Control Board played out pretty much as expected. Hard Rock CEO Jim Allen effectively ran out the clock by dwelling on how Hard Rock would make over The … Continue reading
Posted in Atlantic City, BetMGM, Caesars Entertainment, Cirque du Soleil, Connecticut, Dining, Entertainment, Florida, Hard Rock International, Lotteries, Massachusetts, MGM Resorts International, Mohegan Sun, Nevada, North Carolina, Palms, Phil Ruffin, Regulation, San Manuel Band of Mission Indians, Seminole Tribe, South Carolina, Sports betting, The Strip, Tribal, Virgin Hotels, Virginia
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Durango deal done; Apollo snows NV regulators (again)
Making good on a promise and a plan, Station Casinos offloaded 21 acres next to Durango Station (ab0ve) last week for $24 million. Not a bad score. The buyer is Ovation Development Corp., which will help seed Durango’s customer base … Continue reading
Wynn cools Massachusetts; China: “Dance, monkey, dance!”
Casinos in Massachusetts mostly did well last month, especially by pre-pandemic standards (+24%). Unfortunately, none of that lift came from Encore Boston Harbor, which had a disappointing October, down 1% and grossing $62 million. By contrast, MGM Springfield (above) impressed … Continue reading
Posted in Atlantic City, Bally, Baseball, California, China, Galaxy Entertainment, Genting, Hard Rock International, Las Vegas Sands, Macau, Massachusetts, MGM Resorts International, Nevada, Ocean Resort, Ohio, Penn National, Politics, Regulation, Sports betting, Tribal, Wall Street, Wisconsin, Wynn Resorts
2 Comments
Atlantic City slideshow & sideshow; Mega-Jottings
Something different today from the Boardwalk: A first glimpse of new-look Caesars Atlantic City. That $400 million in capex reinvestment didn’t go to waste. There’s now a Nobu (above) and a Hell’s Kitchen (below), “both high-quality work and high prices,” … Continue reading
Election Special: Gaming, tribes lose big
Although only 41% of all precincts have reported, it’s clear that both tribal and private-sector gaming suffered a stunning defeat in California last night. Both the tribes’ Proposition 26 and Big Gaming’s Proposition 27 are losing—and by wider margins than … Continue reading