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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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- 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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- Sibella scandal spreads; Supremes forestall Seminoles - 31,725 views
- Atlantic City rebounds; Sibella dumped; NFL suspicions - 31,581 views
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Category Archives: Wall Street
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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Atlantic City rebounds; Sibella dumped; NFL suspicions
Casinos in Atlantic City were up 2% in August, reaching $280 million. Slot winnings were 3% higher, on a commensurate increase in coin-in. The gambling halls weren’t so lucky at the tables, where 5% higher wagering translated into flat win. … Continue reading
Posted in Alaska, Animals, Atlantic City, Bally, BetMGM, Caesars Entertainment, DraftKings, Dubai, Fanatics, FanDuel, Genting, Golden Nugget, Hard Rock International, IGT, International, Internet gambling, Las Vegas Raiders, Law enforcement, MGM Resorts International, Mohegan Sun, Movies, Ocean Resort, Palms, Problem gambling, Regulation, Resorts World LV, Sports, Sports betting, Station Casinos, Technology, The Mob, The Strip, Wall Street, Wynn Resorts
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On and off the radio
During this morning’s stint on KNPR-FM‘s State of Nevada, we were only able to cover a fraction of the scheduled questions. So we had the idea of answering here what was not asked there. Let’s take it away … Why … Continue reading
Posted in Alex Meruelo, Baseball, Boyd Gaming, Caesars Entertainment, China, CityCenter, Culinary Union, Dubai, Economy, Fontainebleau, Genting, Golden Gaming, Japan, Jim Murren, Las Vegas Sands, Louisiana, Macau, Marketing, MGM Resorts International, Mohegan Sun, Nevada, North Las Vegas, Palms, Phil Ruffin, Real Estate, Resorts World LV, Sahara, Singapore, South Korea, Sports, Station Casinos, Technology, The Strip, Vici Properties, Wall Street, Wynn Resorts
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MGM paralyzed; DraftKings debacle; Mount Airy wins
In a new kind of September 11 attack, MGM Resorts International was felled by a massive cybersecurity breach. From disabling digital room keys to kneecapping credit card systems (forcing transactions to be made in cash), it sent MGM back to … Continue reading
Posted in Atlantic City, BetMGM, Caesars Entertainment, China, Connecticut, Cosmopolitan, Cretins, DraftKings, Dubai, Florida, Hard Rock International, Health, Las Vegas Sands, Macau, Marketing, MGM Resorts International, Mississippi, Mohegan Sun, Ocean Resort, Ohio, Pansy Ho, Pennsylvania, Problem gambling, Regulation, Sports betting, Technology, The Strip, Wall Street
1 Comment
Bally’s opens, Chicago yawns; MGM, tree murderers
Chicago‘s first casino opened to “dozens of people” Saturday. Only dozens? That’s not a good sign for Bally’s Corp. It’ll need to stir up a lot more excitement than that if it’s to make back its nut on $1.7 billion … Continue reading
Posted in Bally, BetMGM, Boyd Gaming, Caesars Entertainment, Century Casinos, Chicago, Churchill Downs, CityCenter, DraftKings, Dubai, Environment, FanDuel, Genting, history, Japan, Jim Murren, Las Vegas Raiders, Mandalay Bay Massacre, Marketing, MGM Resorts International, Missouri, Nevada, New York, Penn National, Politics, Problem gambling, Regulation, Sports, Sports betting, Taxes, The Strip, Tourism, Transportation, Tribal, Virginia, Wall Street, Wynn Resorts
2 Comments
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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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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Wall Street: Station soft; DraftKings impresses, Bally’s doesn’t
“If you were surprised you haven’t been paying attention.” So wrote Deutsche Bank analyst Carlo Santarelli of yesterday’s Station Casinos earnings release. He added, “it should come as no surprise that RRR reported results that were softer than our forecasts,” which were … Continue reading
Posted in Atlantic City, Bally, BetMGM, Boyd Gaming, Caesars Entertainment, Chicago, Conventions, Cordish Co., DraftKings, Economy, Entertainment, FanDuel, Galaxy Entertainment, Indiana, International, Internet gambling, Kentucky, Macau, Marketing, MGM Resorts International, Nebraska, North Carolina, Ohio, Politics, Racinos, Real Estate, Sports, Sports betting, Station Casinos, Taxes, The Strip, Wall Street
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Bears and bulls at MGM; Uwazurike spells “idiot”
J.P. Morgan analyst Joseph Greff was pretty blunt about MGM Resorts International‘s mixed bag of 2Q23 numbers. “Carried by Macau,” he headlined his report, adding that the Las Vegas Strip was in line with expectations but regional casinos came up … Continue reading
Posted in Atlantic City, BetMGM, China, Colorado, Conventions, Derek Stevens, Detroit, Economy, Entertainment, FanDuel, Health, Internet gambling, Iowa, Las Vegas Raiders, Law enforcement, Macau, MGM Resorts International, Mississippi, Movies, Sports, Sports betting, The Strip, Wall Street
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Afterglow at Caesars; Trouble at Resorts World; Gridiron goof
Although Las Vegas numbers from Caesars Entertainment were modestly down in 2Q23, as people visit Sin City more but gamble less, analysts were largely pleased with the results. Why not? A robust, $64 million improvement in the digital sphere of … Continue reading
Strip flattens, locals fade; Analysts mixed on Boyd
While not as bad as Deutsche Bank expected (-8%), June revenues on the Las Vegas Strip of $727 million were a disappointment, down 1%. And May’s brief flurry of hope from Las Vegas locals players faded fast as their losses … Continue reading
Posted in Architecture, Aristocrat, Boulder Strip, Boyd Gaming, California, Downtown, Entertainment, FanDuel, Illinois, Internet gambling, Lake Tahoe, Laughlin, Mesquite, Movies, North Las Vegas, Reno, Slot routes, Sports, Sports betting, The Strip, Tribal, Wall Street, Wendover
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Silence of the ponies; New boss for Virgin, new Mirage hope
Kentucky Derby fallout continues to reverberate around Churchill Downs, leading to a 2Q23 earnings miss. A mass die-off of horses during the Run for the Roses caused the flagship track to be closed and races shifted to Ellis Park. Cash … Continue reading
Posted in AGA, Atlantic City, Century Casinos, Churchill Downs, Cordish Co., Fontainebleau, Greenwood Racing, Hard Rock Hotel, Hard Rock International, Health, history, Horseracing, Kentucky, Louisiana, Marketing, Maryland, Mohegan Sun, North Carolina, Politics, South Korea, Sports betting, The Strip, Tribal, Virgin Hotels, Virginia, Wall Street
1 Comment