Category Archives: Tropicana Entertainment

The big enchilada

“The Biggest Gaming Opportunity Since Riverboats in the Early ’90s.” That’s how JP Morgan gaming analyst Joseph Greff, a man not given to hype, characterized i-gaming and sports betting today. He described them as “as an emerging and exciting area … Continue reading

Posted in Caesars Entertainment, California, Colorado, Cosmopolitan, DraftKings, FanDuel, Golden Nugget, Illinois, Indiana, Internet gambling, Iowa, Isle of Capri, Las Vegas Sands, MGM Resorts International, Michigan, MTR Gaming, Palms, Penn National, Regulation, Rush Street Gaming, Silverton, Sports betting, The Strip, Tropicana Entertainment, Wall Street, William Hill | 2 Comments

What gives, Indiana?; Galaxy ousted from Philippines

Despite the excellent November performance of surrounding Midwest states, Indiana casinos were up only 1% last month. Factor in an extra weekend day this year and that’s a pretty underwhelming result. In its last full month of service, riverboat Glory of … Continue reading

Posted in Boyd Gaming, Caesars Entertainment, Churchill Downs, Dan Gilbert, Dining, DraftKings, Eldorado Resorts, FanDuel, Full House Resorts, Galaxy Entertainment, Indiana, MGM Resorts International, Ohio, Penn National, Philippines, Rush Street Gaming, Spectacle Entertainment, Sports, Sports betting, The Mob, The Strip, Tropicana Entertainment | Comments Off on What gives, Indiana?; Galaxy ousted from Philippines

What’s in a day?

Ohio and Illinois weathered a September with one less weekend day just fine. Indiana and Missouri, not so much. The Hoosier State was down 2.5% (on a weak comparison). The gross was $173 million. There were some big swings and … Continue reading

Posted in Boyd Gaming, Caesars Entertainment, Eldorado Resorts, Full House Resorts, Indiana, Missouri, Penn National, Racinos, Spectacle Entertainment, Tropicana Entertainment | Comments Off on What’s in a day?

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

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

Caesars: Under the weather; Wynn enters the Internet

Lack of thrift in the executive corridors is hurting Caesars Entertainment‘s stock price. JP Morgan analyst Daniel Politzer just ratcheted his price target down to $12, citing “worse than expected weather/GGR results at CZR’s regional properties and higher than previously … Continue reading

Posted in Atlantic City, Caesars Entertainment, Colorado, Eldorado Resorts, Environment, Illinois, Internet gambling, Iowa, New York, Reno, Scientific Games, Sports betting, Steve Wynn, The Strip, Tropicana Entertainment, Wall Street, Wynn Resorts | Comments Off on Caesars: Under the weather; Wynn enters the Internet

Not his first Rodio; Less Intrigue at Wynn

Just as the clock was running out for Caesars Entertainment to name a new CEO, Carl Icahn‘s preferred candidate, Anthony Rodio, came across the transom, fresh from Affinity Gaming. Or so the Wall Street Journal says and the WSJ is … Continue reading

Posted in Affinity Gaming, Atlantic City, Caesars Entertainment, Carl Icahn, Entertainment, Environment, Marijuana, Nevada, Sports, Taxes, The Strip, Tropicana Entertainment, Wynn Resorts | Comments Off on Not his first Rodio; Less Intrigue at Wynn

Gaming speaks: Penn, Boyd, Eldorado, Churchill Downs

One of the few CEOs to grace JP Morgan‘s hotel-and-leisure forum was Penn National Gaming‘s Tim Wilmot. He reported that the “regional consumer remains solid and trends are largely consistent with that seen 2018.” Furthermore, Penn is “seeing good growth … Continue reading

Posted in Boyd Gaming, Caesars Entertainment, Churchill Downs, Economy, Eldorado Resorts, Horseracing, Illinois, Japan, Kentucky, Marketing, Nevada, Penn National, Pennsylvania, Pinnacle Entertainment, Racinos, Reno, Sports betting, The Strip, Tropicana Entertainment, Wall Street | Comments Off on Gaming speaks: Penn, Boyd, Eldorado, Churchill Downs

Busy week for MGM; Adelson’s grim prognosis

Congratulations to MGM Resorts International on becoming the official casino sponsor of the Boston Red Sox (known around my house as “the Evil Empire”). I’m not sure how I feel about the MGM logo going up on the Green Monster, … Continue reading

Posted in Atlantic City, Baseball, Eldorado Resorts, history, Horseracing, Internet gambling, Japan, Las Vegas Sands, Laughlin, Massachusetts, MGM Resorts International, Michigan, Mississippi, Politics, Problem gambling, Real Estate, Regulation, Security, Sheldon Adelson, Sports, Sports betting, Steve Wynn, Taxes, Technology, Tribal, Tropicana Entertainment, William Hill | 1 Comment

Caesars dominates Louisiana; Steve Wynn wins in Beantown

Gaming revenue in Louisiana was flat last month, with strength in Shreveport and New Orleans making up for weakness in (mainly) Baton Rouge and Lake Charles. It’s difficult to account for the 3% dip in Lake Charles, aside from the … Continue reading

Posted in Boyd Gaming, Caesars Entertainment, Churchill Downs, Eldorado Resorts, GLPI, Internet gambling, Louisiana, Massachusetts, Penn National, PokerStars, Politics, Regulation, Steve Wynn, Tilman Fertitta, Tropicana Entertainment, West Virginia | Comments Off on Caesars dominates Louisiana; Steve Wynn wins in Beantown

Chronicle of a disaster foretold

It’s time for Caesars Entertainment‘s quarterly earnings call and, by way of a preview, JP Morgan analyst Daniel Politzer took a relatively dim view of selling the company as a cure for whatever ails it. “While we understand activists’ rationale … Continue reading

Posted in Atlantic City, Caesars Entertainment, Carl Icahn, Eldorado Resorts, Horseracing, International, Las Vegas Sands, MGM Resorts International, New Jersey, Politics, The Strip, Tilman Fertitta, Tropicana Entertainment, Wall Street, Wynn Resorts | 2 Comments

Adelson sparks firestorm

When Bill Miller was appointed CEO of the American Gaming Association, we speculated that his relationship with Sheldon Adelson would be “less strained” than that of predecessor Geoff Freeman. Indeed, that already seems to be the case. It would account … Continue reading

Posted in AGA, Carl Icahn, Churchill Downs, Delaware, DFS, Eldorado Resorts, Florida, Geoff Freeman, Illinois, Internet gambling, Massachusetts, MGM Resorts International, Nevada, New Jersey, New York, Politics, Racinos, Regulation, Sheldon Adelson, Sports, Sports betting, Steve Wynn, Tropicana Entertainment, Wall Street, William Hill, Wynn Resorts | Comments Off on Adelson sparks firestorm

Trop defies Atlantic City odds; Massachusetts underachieves

October was good for Atlantic City‘s new casinos, with the overall market up 8%, but bad for the incumbents, down 11.5%. Terrestrial gambling win totaled $200.5 million, with mixed messages all over the place. Slot win was up 5% but … Continue reading

Posted in Atlantic City, Australia, Boyd Gaming, Bruce Deifik, Caesars Entertainment, Charity, Churchill Downs, Connecticut, Dan Gilbert, Detroit, Eldorado Resorts, Georgia, GLPI, Greenwood Racing, Hard Rock International, International, Internet gambling, Isle of Capri, Las Vegas Sands, Louisiana, Massachusetts, MGM Resorts International, Mohegan Sun, New Jersey, Penn National, Rush Street Gaming, Scientific Games, Sports, Sports betting, Tilman Fertitta, Tropicana Entertainment, Wall Street | 2 Comments

No love for Lucky Dragon

What if they sold a casino and nobody bid? That was the unenviable fate of Lucky Dragon Casino at bankruptcy auction. No one wants the jinxed property, leaving it in the frigid hands of principal lender Snow Covered Capital. Thus … Continue reading

Posted in Alex Meruelo, Boyd Gaming, Caesars Entertainment, Environment, Genting, Indiana, Lucky Dragon, Majestic Star, Marketing, Sheldon Adelson, Singapore, SLS Las Vegas, Station Casinos, Tropicana Entertainment | 3 Comments

Rodio rebounds; Philly casino kaput

That was quick. Affinity Gaming made room in the CEO’s office in order to give the job to Tony Rodio. Newly unemployed, Tropicana Entertainment having been dissolved into Eldorado Resorts, Rodio wasn’t on the bread line for long. Rodio had … Continue reading

Posted in Affinity Gaming, Atlantic City, Cordish Co., Greenwood Racing, International, MGM Resorts International, Pennsylvania, Problem gambling, Tropicana Entertainment | 3 Comments

Wisdom from G2E; Sisolak lights up

This week’s Global Gaming Expo gives Wall Street analysts plenty of time to sniff around the big gaming operators and manufacturers, trying to suss out trends. Credit Suisse analyst Cameron McKnight, the new kid on the block, says that 3Q18 … Continue reading

Posted in Atlantic City, Boyd Gaming, Caesars Entertainment, Economy, Eldorado Resorts, Election, G2E, GLPI, Golden Gaming, Illinois, Indiana, Isle of Capri, Las Vegas Sands, Macau, Mandalay Bay Massacre, Marijuana, Marketing, MGM Resorts International, Mississippi, Nevada, Palms, Penn National, Sports, Station Casinos, Tilman Fertitta, Tourism, Tribal, Tropicana Entertainment, Wall Street | Comments Off on Wisdom from G2E; Sisolak lights up

Louisiana heats up; Pilgrimage to Plains

Louisiana gamblers were living large in August, leaving 9% more than last year in the slots and on the tables, some $212 million in total. This was especially good for Caesars Entertainment (+12%) and even more so for Boyd Gaming … Continue reading

Posted in AGA, Boyd Gaming, Caesars Entertainment, Churchill Downs, Eldorado Resorts, Environment, Georgia, GLPI, history, Pinnacle Entertainment, Politics, Regulation, Tilman Fertitta, Tropicana Entertainment | Comments Off on Louisiana heats up; Pilgrimage to Plains

Atlantic City booms

Casino revenues in Atlantic City were up an astounding 21% in August, with only a 2% decrease in revenue at the incumbent gambling houses. Sports betting was also a hit, grossing $95 million. (Some predict it could surpass Las Vegas … Continue reading

Posted in Atlantic City, Bruce Deifik, Caesars Entertainment, Dan Gilbert, Detroit, Economy, Eldorado Resorts, Greenwood Racing, Hard Rock International, Internet gambling, Las Vegas Sands, MGM Resorts International, Mohegan Sun, Penn National, Pinnacle Entertainment, Resort fees, Rush Street Gaming, Tilman Fertitta, Tropicana Entertainment, Wall Street | 2 Comments

Hot in August

Regional casinos were the big story last month, with four crucial jurisdictions all posting gains. (So, too, did Iowa but we rarely cover it in S&G because so few of the innumerable casinos make major amounts of revenue.) Maryland hopped … Continue reading

Posted in Affinity Gaming, Ameristar, Caesars Entertainment, Cordish Co., Dan Gilbert, Eldorado Resorts, Full House Resorts, GLPI, Golden Gaming, Hard Rock International, Indiana, Iowa, Majestic Star, Maryland, MGM Resorts International, Ohio, Penn National, Pinnacle Entertainment, Racinos, Rush Street Gaming, Taxes, Tribal, Tropicana Entertainment | 1 Comment

Good/bad news for Atlantic City; Pennsylvania just bad

On the face of it, the news from Atlantic City is good: Gambling revenues were up 10% last month. But the same-store comparison (i.e., minus Hard Rock Atlantic City and Ocean Resort) has the city down 9.5%. The haul was … Continue reading

Posted in Atlantic City, Bruce Deifik, Caesars Entertainment, Dan Gilbert, Detroit, Eldorado Resorts, Greenwood Racing, Hard Rock International, Internet gambling, Las Vegas Sands, Massachusetts, MGM Resorts International, Mohegan Sun, Penn National, Pennsylvania, Pinnacle Entertainment, Racinos, Rush Street Gaming, Sports betting, Tilman Fertitta, Tropicana Entertainment, Wall Street | 1 Comment

Missouri becalmed; Scientific smackdown

One less weekend day was costly to Missouri casinos in July, when their revenue declined 2% to $150.5 million. The Kansas City market had the worst of it, off nearly 4%. Slot revenues ($128.5 million) were down 2% and table … Continue reading

Posted in Ameristar, Bally Technologies, Caesars Entertainment, Downtown, Elaine Wynn, Eldorado Resorts, history, Isle of Capri, Massachusetts, Missouri, Penn National, Pinnacle Entertainment, Regulation, Scientific Games, Shuffle Master, Technology, Tropicana Entertainment, Wynn Resorts | Comments Off on Missouri becalmed; Scientific smackdown