Category Archives: Colorado

Business as usual at Boyd; Pinnacle looks to expand

* Top brass at Boyd Gaming met with J.P. Morgan analyst Joseph Greff and reported a relatively unruffled start to 2017, although the delayed mailing of income-tax refunds (about three weeks later than usual) was retarding results a bit. Still, … Continue reading

Posted in Boyd Gaming, California, Cannery Casino Resorts, Colorado, Current, Economy, Louisiana, Marketing, MGM Mirage, North Las Vegas, Penn National, Pinnacle Entertainment, The Strip, Tilman Fertitta, Tribal, Wall Street, West Virginia | Leave a comment

(Pot) Smoke gets in their eyes; Enter the Lucky Dragon

Just say “No.” That’s what Nevada gaming regulators are advising casinos who might be tempted to take advantage of the new legality of recreational marijuana in the Silver State. Bowing to federal law, the Nevada Gaming Control Board and Nevada … Continue reading

Posted in Colorado, Cordish Co., Downtown, Environment, Geoff Freeman, Internet gambling, Lucky Dragon, Maryland, MGM Mirage, Nevada, Regulation, Sports, The Strip, Tourism | Leave a comment

Caesars dips toe in skill-based slots; MGM National Harbor snares Dylan

Caesars Entertainment is going on the road, as it were, to test-drive its first foray into skill-based slots. It’s going to install six Gamblit Gaming slot carousels at Harrah’s Rincon, with 36 slated for Las Vegas deployment next year. The … Continue reading

Posted in California, Colorado, Cordish Co., Downtown, Environment, Golden Gaming, Harrah's, Hooters, IGT, Internet gambling, Kansas, Maine, Marketing, Maryland, MGM Mirage, Minnesota, Mississippi, Nebraska, Oklahoma, Penn National, Pennsylvania, Racinos, Scientific Games, Sheldon Adelson, South Dakota, Sports, Technology, The Strip, Tribal, TV, West Virginia, Westgate LV, Wisconsin | 2 Comments

Louisiana gets hammered; Three states legalize DFS

As we’ve noted before, May was hard on Midwest casino operators, nowhere more so than in Louisiana, where gambling revenue was down 13%. This marks seven months of same-store decline for the Pelican State, an exceptional slump, with the usually … Continue reading

Posted in Boyd Gaming, California, Churchill Downs, Colorado, Economy, Eldorado Resorts, GLPI, Golden Gaming, Harrah's, Internet gambling, Isle of Capri, Louisiana, MGM Mirage, Missouri, Nevada, New York, Pinnacle Entertainment, Regulation, Sports, The Strip, Tilman Fertitta, Tribal, Tropicana Entertainment, Wall Street | 2 Comments

Penn has big plans for Trop; DFS sites feel the heat

High rollers aren’t spending as much as they used to at Penn National Gaming casinos, reports JP Morgan analyst Joseph Greff, after meeting with CEO Tim Wilmott. Overall, Penn says its springtime revenues have been tracking with its expectations. Greff … Continue reading

Posted in Atlantic City, California, Colorado, Dining, Economy, Election, Florida, Internet gambling, Isle of Capri, Marketing, Massachusetts, MGM Mirage, Penn National, Stanley Ho, Technology, The Strip, Tribal, Wall Street | 2 Comments

Freeman rakes Wolf; The delights and dangers of DFS

American Gaming Association President Geoff Freeman is throwing down against Pennsylvania Gov. Tom Wolf (D) and the latter’s desire to tax casino free play. If Wolf’s proposal had been in effect last year, the state would have netted slightly less … Continue reading

Posted in Arizona, Colorado, Florida, Geoff Freeman, Illinois, International, Internet gambling, Marketing, Oklahoma, Pennsylvania, PokerStars, Taxes, Tribal | Leave a comment

Caesars: Frissora gets the nod; Rocky Mountain high point

Caesars Entertainment CEO Michael Frissora is one step away from a Nevada gaming license, having been unanimously approved by the Nevada Gaming Control Board. Frissora left the meeting grinning from ear to ear, as well he might. Since he comes … Continue reading

Posted in Carl Icahn, Colorado, Economy, Harrah's, Kansas, Oklahoma, Regulation, Tribal | 1 Comment

Does Gilbert know Jack?; Caesars’ big finish

Will a Horseshoe by any other name earn as much? We’re going to find out because Rock Gaming owner Dan Gilbert is going to rebrand his casinos under the Jack Entertainment banner, presumably a tip of the hat to Horseshoe … Continue reading

Posted in Atlantic City, Colorado, Dan Gilbert, Florida, Harrah's, Isle of Capri, Louisiana, Marketing, Maryland, Mississippi, Ohio, Penn National, Regulation, Technology, The Strip, Wall Street | Leave a comment

All Adelson, all the time; Full House on the move

(Update: The Adelson-influenced meddling has already begun.) Now that Sheldon Adelson owns the Las Vegas Review-Journal, the paper’s prime topic of coverage has become … itself. There’s no shortage of entrail-reading, as pundits try to parse the casino mogul’s intentions. … Continue reading

Posted in Colorado, Dan Lee, Harrah's, Harry Reid, Internet gambling, Lake Tahoe, Macau, MGM Mirage, Politics, Sheldon Adelson, Steve Wynn | 1 Comment

The ubiquitous Packer; The 27% solution

James Packer has already missed his 2015 deadline for breaking ground on Alon and once again he is taking his eye off the Las Vegas ball. He and his Nobu co-investor, Robert DeNiro, have cut a deal with Antigua and … Continue reading

Posted in Colorado, Dan Gilbert, Economy, Full House Resorts, International, James Packer, Kentucky, MGM Mirage, Politics, Racinos, Riviera, The Strip | Leave a comment

Bad week for DFS

“What it’s doing is calling fantasy sports what it is. Do you pay money to get into the contest, and do you get money back when you win? And if so, that’s gambling.” So says South Point attorney Barry Leibermann of … Continue reading

Posted in Atlantic City, California, Colorado, Delaware, Florida, Georgia, Illinois, Internet gambling, Kansas, Maryland, Massachusetts, Michael Gaughan, Mississippi, New York, Ohio, Politics, Technology | Leave a comment

Dan Lee’s Colorado lode; The Caranos take Reno

Since overthrowing the leadership of Full House Resorts, new CEO Dan Lee has been chock-full of initiatives. His latest is to drop $30 million to acquire Bronco Billy’s Casino & Hotel, in Cripple Creek, Colorado. The move comes as Colorado … Continue reading

Posted in Atlantic City, Colorado, Dan Lee, Delaware, Dining, Eldorado Resorts, Full House Resorts, International, Internet gambling, Marketing, MGM Mirage, PokerStars, Reno, Scientific Games | Leave a comment

Big players accentuate the positive

Deutsche Bank analyst Carlo Santarelli has been a busy man these past few days, meeting with the top companies in gaming. In no special order … Boyd Gaming took the usual line on REIT conversion and acquisitions, basically saying, “If … Continue reading

Posted in Ameristar, Boyd Gaming, Colorado, Downtown, Economy, Florida, GLPI, Illinois, International, Isle of Capri, Louisiana, Macau, Marketing, Massachusetts, MGM Mirage, Penn National, Pinnacle Entertainment, Sports, Steve Wynn, Texas, The Strip, Tilman Fertitta, Wall Street | Leave a comment

Isle trends upward; Free the Texas ponies!

Add Isle of Capri Casinos to the list of companies enjoying a positive turn in their fortunes. It reported an operating profit of $57.5 million, a 15% increase. The biggest cash cow was Isle Pompano Park, hauling in $42 million, … Continue reading

Posted in Arkansas, Colorado, Florida, Horseracing, IGT, Iowa, Isle of Capri, Kentucky, Louisiana, Mississippi, Missouri, Pennsylvania, Politics, Racinos, Technology, Texas, Tilman Fertitta, Wall Street | 2 Comments

Mohegan Sun’s eastern inspiration; Bumper crop in Colorado

You’d never know Mohegan Sun has been experiencing financial difficulties on the home front to judge by the scale and expense of its South Korean partnership with Incheon International Airport Corp. The two sides have finalized conceptual plans for Inspire … Continue reading

Posted in Architecture, Colorado, Economy, Massachusetts, MGM Mirage, Mohegan Sun, Neil Bluhm, Regulation, South Korea, Steve Wynn, Wall Street | Leave a comment

Macao casinos squeezed again; Isle’s clean sweep

First, it was the corruption crackdown. Now, the Chinese government is reviewing visitation levels to Macao. As Macanese Secretary for Social Affairs & Culture Alexis Tam put it, “[T]oo many tourists impact residents’ quality of life.” That’s not music to casinos’ ears and … Continue reading

Posted in Colorado, Florida, Isle of Capri, Louisiana, Macau, Melco Crown Entertainment, MGM Mirage, Mississippi, Missouri, Racinos, Regulation, Sheldon Adelson, Steve Wynn, Tourism, Wall Street | Leave a comment

Case Bets: IGT, Hard Rock, Golden Gaming

Profits were slimmer for International Game Technology in 1Q15, with the company reporting $35 million, 56% less than a year ago. IGT, which is in the process of being acquired by GTECH, offered little commentary on the results. CEO Patti … Continue reading

Posted in Colorado, Columbia Sussex, Dining, Harrah's, Lake Tahoe, Lyle Berman, Maryland, Regulation, Sam Nazarian, Slot routes, Warner Gaming | 1 Comment

Player, manage thyself (sorta)

After much back-and-forth, the Massachusetts Gaming Commission imposed its highly touted “managed play” regime, the first in the nation. One’s first reaction is that it doesn’t live up to the advance hype. What was originally a carrot-and-stick plan is now … Continue reading

Posted in Colorado, Economy, Massachusetts, Penn National, Problem gambling, Regulation, Steve Wynn, Taxes | Leave a comment

REITmania … it’s catching

Pinnacle Entertainment has signaled its intention to follow in the footsteps of Penn National Gaming and convert into a real estate investment trust. It’s somewhat clearer cut than the convoluted Penn/Gaming & Leisure Properties split, with Pinnacle’s property company retaining … Continue reading

Posted in Ameristar, Colorado, Donald Trump, Election, Louisiana, Missouri, Penn National, Pinnacle Entertainment, Wall Street | 1 Comment

Election Special

Where gaming-related issues were concerned, there was one big race last night and a bunch of also-rans. The main event, of course, was Massachusetts, where casino repeal went down to defeat 60% to 40%, good news for Penn National Gaming, … Continue reading

Posted in California, Colorado, Economy, Entertainment, Illinois, Isle of Capri, Kansas, Massachusetts, MGM Mirage, Penn National, Pinnacle Entertainment, Racinos, Rhode Island, South Dakota, Station Casinos, Steve Wynn, Tribal, Wisconsin | 2 Comments