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- If you can’t beat ’em, cheat ’em; Fun & games
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- Sibella scandal spreads; Supremes forestall Seminoles
- Atlantic City rebounds; Sibella dumped; NFL suspicions
- MGM limping back; Atlantic City follies; Wall Street Jottings
- On and off the radio
- 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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- David McKee on You can’t fix stupid; Good-bad news on the bayou
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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 - 31,533 views
- Profit vs. investment on the Strip - 1,054,609 views
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Category Archives: Election
If you can’t beat ’em, cheat ’em; Fun & games
No, this isn’t about politics. Or maybe it is. Either way, it’s another chapter in the crony-capitalism, juiced-in deal Washington, D.C.’s puppet government made with Intralot. Along with the Washington D.C. Lottery, Intralot is parent of that malign progeny GamebetDC. … Continue reading
Posted in Architecture, Caesars Entertainment, Cordish Co., Cretins, Culinary Union, Dining, Economy, Election, G2E, Hard Rock International, Health, history, International, Jim Murren, MGM Resorts International, North Carolina, Oklahoma, Pennsylvania, Politics, Problem gambling, Silverton, Sports, Sports betting, The Strip, Transportation, Tribal, Wall Street
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Hot July in Vegas; GLPI’s Illinois big gulp; Mega-Jottings
How impressive was the Las Vegas Strip‘s July performance? Pretty damned impressive, considering that it hit a best-ever record on only 1% higher visitation than last year and 4% less than in the halcyon year of 2019. Hotel occupany ran … Continue reading
Posted in Boyd Gaming, Caesars Entertainment, California, Charity, Churchill Downs, Conventions, Economy, Election, Failsinos, GLPI, Hard Rock International, Hawaii, Health, Illinois, New Hampshire, Palms, Problem gambling, Real Estate, San Manuel Band of Mission Indians, The Strip, Tribal, Virginia, Wall Street, Wisconsin
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Another Apollo scam; MUD-slinging
Since taking over Venelazzo, new owner Apollo Management has been behaving itself, with none of the shenanigans that characterized its ill-fated co-ownership of Caesars Entertainment. That, however, does not mean that Apollo has learned to straighten up and fly right. … Continue reading
Posted in Apollo Management, Australia, Churchill Downs, Culinary Union, Donald Trump, Election, Philippines, Politics, Star Entertainment, Station Casinos, Taxes, Virginia
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Maryland down, Illinois up; NFL hypocrisy; Bally’s biz
Gaming industry bears are going to latch onto a 4% drop in Maryland gambling earnings as evidence of an impending recession. Thankfully, J.P. Morgan analyst Joseph Greff puts it in context by pointing out that the $174 million haul is … Continue reading
Posted in Atlantic City, Bally, Boyd Gaming, Caesars Entertainment, Charity, Churchill Downs, Cordish Co., DraftKings, Election, Entertainment, Full House Resorts, Golden Gaming, Golden Nugget, Hard Rock International, Illinois, Maryland, MGM Resorts International, Penn National, Politics, Sports, Sports betting, Station Casinos, Virginia, Wall Street, West Virginia
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Bally’s all-but-done deal; Meruelo trashed
So long, Tropicana Las Vegas. Say hello, National Basketball Association and Major League Soccer. And let’s not forget lacrosse and badminton. Since there is no stadium deal for which the Nevada Lege will not bend over and grab its ankles, … Continue reading
Posted in Arizona, Bally, Baseball, Colorado, Election, GLPI, Health, Louisiana, Nevada, Politics, Problem gambling, Prostitution, Real Estate, Sahara, Sports, Station Casinos, Taxes
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Atlantic City doldrums; Black Tuesday; Culinary wins one
Our man in Atlantic City has posted a flurry of dispatches, mainly concerning his new stomping ground, Harrah’s Resort. What you see above is the indoor pool, which doubles as a nightclub. When last visited, there was a (short) line … Continue reading
Posted in Animals, Atlantic City, Bally, Caesars Entertainment, Cretins, Culinary Union, Dining, DraftKings, Economy, Election, Entertainment, Fanatics, Hard Rock International, Health, Las Vegas Sands, Louisiana, Maine, Massachusetts, New York, Palms, PointsBet, Politics, Regulation, San Manuel Band of Mission Indians, Sports betting, Station Casinos, The Strip, Virginia, Wall Street
1 Comment
Under Southern skies; Presidential casino players
Truist Securities analyst Barry Jonas took a swing through Dixie casinos last month and had quite a bit to report. He hit the New Orleans, Lake Charles, Baton Rouge and Biloxi markets, his primary takeaway being that operators are consistent … Continue reading
Posted in Apollo Management, Architecture, Aristocrat, Bally, Boyd Gaming, Caesars Entertainment, Chicago, Economy, Election, Golden Nugget, Louisiana, Marketing, MGM Resorts International, Mississippi, Missouri, New Hampshire, Penn National, Slot routes, Sports betting, Station Casinos, Taxes, Technology, The Strip, Wall Street
1 Comment
Big month for Strip; Miller’s rapid response; Titus time
Gambling grosses were ultra-boffo on the Las Vegas Strip last month, up 19% over the year previous and leaving 2019 in the dust, +25%. Locals casinos didn’t fare too badly, either if not as spectacularly as their Strip brethren: up … Continue reading
Posted in AGA, Bally, Baseball, Boulder Strip, Caesars Entertainment, California, Charity, Downtown, Election, Jack Binion, Lake Tahoe, Laughlin, Lotteries, Marketing, Mesquite, Nevada, North Las Vegas, Politics, Problem gambling, Regulation, Reno, San Manuel Band of Mission Indians, Sports betting, Taxes, The Strip, Tourism, Transportation, Tribal, United Kingdom, William Hill
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MGM: Change partners and dance; 888 TKO’d
It’s Blackstone Group out, Vici Properties in at MGM Grand and Mandalay Bay, as Vici exercised its option over the half (OK, 49.9%) that it didn’t already own. Blackstone is $2.8 billion richer as a result, including $700 million in … Continue reading
Posted in Alabama, Arizona, Atlantic City, Bally, BetMGM, Boyd Gaming, Caesars Entertainment, California, Canada, Conventions, DraftKings, Economy, Election, FanDuel, Florida, Genting, Golden Nugget, Internet gambling, Iowa, Las Vegas Raiders, Las Vegas Sands, Macau, Maryland, MGM Resorts International, Michael Gaughan, Nebraska, Politics, Puerto Rico, Racinos, Real Estate, Regulation, Sports betting, Taxes, Texas, The Strip, Tilman Fertitta, Tourism, Tribal, Vici Properties, Virginia, Wall Street, WInd Creek
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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
Wynn impresses; Curse of the Mummy’s Tomb; Culinary bombs
Wall Street analysts were across-the-board upbeat on Wynn Resorts‘ 3Q22 performance, as high-end casinos in Las Vegas continue to flourish. Although he categorized himself as “neutral,” given the evolving situation in Macao, analyst Joseph Greff of J.P. Morgan encapsulated third-quarter … Continue reading
Posted in Apollo Management, Boyd Gaming, Caesars Entertainment, California, Century Casinos, China, Culinary Union, Economy, Election, Failsinos, history, International, Internet gambling, Macau, Massachusetts, Mattress Mack, Missouri, New York, Penn National, Sheldon Adelson, Sports betting, Steve Wynn, The Strip, Tilman Fertitta, Tribal, Wall Street, Wynn Resorts
2 Comments
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
Bread and circuses
Inflation or no, there is one quantifiable, incontestable fact about the American consumer. He or she is spending more—way more—on gambling than before Covid-19 and more than last year, when they had stimulus money to burn. So if there are … Continue reading
Posted in Bally, Boyd Gaming, Caesars Entertainment, California, Churchill Downs, Cordish Co., Dan Lee, DraftKings, Economy, Election, Entertainment, Full House Resorts, Golden Gaming, Greenwood Racing, Hard Rock International, Illinois, Jack Entertainment, Kentucky, Maryland, MGM Resorts International, Ohio, Penn National, Pennsylvania, The Strip, Tribal, Virginia
2 Comments
Atlantic City beat; MGM Cotai padlocked; Adelson buys Abbott
“Did Bally’s open a casino in Atlantic City and forget to tell anyone about it?” So asks our East Coast correspondent. “This is Bally’s yesterday (Sunday). A few casinos here would have more customers during a snow storm than this.” … Continue reading