Category Archives: Gary Goett

Strip flattens, LV locals rebound; Hyatt’s Vegas Dream

That great Las Vegas recovery on the Strip suddenly flattened in October but new signs of vitality were evident in the local-gambler sphere. Las Vegas Strip casinos grossed $706 million, almost dead-even with the year before. Locals-derived win, meanwhile, surged … Continue reading

Posted in Bally, Boulder Strip, California, Chicago, Downtown, Gary Goett, International, Internet gambling, Lake Tahoe, Laughlin, LVCVA, Macau, Maryland, Massachusetts, Mesquite, North Las Vegas, Resorts World LV, Sports betting, The Strip, Transportation, Warner Gaming, Wendover | Comments Off on Strip flattens, LV locals rebound; Hyatt’s Vegas Dream

Strip still booming, locals flat; Gambling with democracy

Nevada scored yet another $1 billion-plus month in September, up 8% from 2021. As you might expect, the Las Vegas Strip drove the big gain, booking $693 million in win, up 8%. Strip slot revenue was $409.5 million, a 17.5% … Continue reading

Posted in Boulder Strip, Downtown, Election, Failsinos, Gary Goett, Lake Tahoe, Laughlin, Marketing, Mesquite, Moulin Rouge, Nevada, New York, North Las Vegas, Oklahoma, Politics, Reno, Station Casinos, The Strip, Wall Street, Wendover, William Hill | 3 Comments

Strip buoyant, locals flat

Casinos on the Las Vegas Strip won $660 million last month, a 5% bump over last year, as business continues to trend well into 2023. (It was also up a whopping 27% over 2019.) Strip numbers also benefited—although locals ones … Continue reading

Posted in Boulder Strip, Gary Goett, Lake Tahoe, Laughlin, Mesquite, Nevada, North Las Vegas, Reno, The Strip, Wendover | 3 Comments

PILOT overboard!; Black Book bust; A spark for Sparks

“There is no evidence to suggest that casinos could not meet their PILOT obligations.” With those words Judge Michael Blee tossed New Jersey‘s current Payment In Lieu Of Taxes (PILOT) special-status tax program for casinos, which has lost round after … Continue reading

Posted in Arizona, Atlantic City, Barstool Sports, BetMGM, Caesars Entertainment, Churchill Downs, Derek Stevens, DraftKings, FanDuel, Gary Goett, Golden Nugget, Law enforcement, MGM Resorts International, New Jersey, Reno, Rush Street Gaming, Taxes, The Strip, Wynn Resorts | 1 Comment

Peace in Atlantic City; Storm over Vegas

Along with Resorts Atlantic City, the Golden Nugget (seen above in its Trump Marina days) has inked a new labor pact with Unite-Here, bringing to an end any uncertainty about a strike on the Boardwalk. Workers get substantial pay increases, … Continue reading

Posted in Animals, Atlantic City, Bally, Caesars Entertainment, Canada, Churchill Downs, Cretins, Current, Derek Stevens, Dining, Downtown, Entertainment, Environment, Gary Goett, Genting, Golden Nugget, Hard Rock International, Horseracing, Internet gambling, Kentucky, Las Vegas Sands, Macau, MGM Resorts International, Mohegan Sun, Singapore, The Strip, Unite-Here, Wall Street | 1 Comment

Special Edition

So we leave on vacation (I checked into the Westin O’Hare and didn’t leave the building for three and half days) and all hell breaks loose in Big Gaming. The breaking story was MGM Resorts International‘s decision to shuck Gold … Continue reading

Posted in Atlantic City, Australia, Bally, Barstool Sports, BetMGM, Boyd Gaming, Caesars Entertainment, California, Century Casinos, Cordish Co., Crown Resorts, DraftKings, FanDuel, Full House Resorts, Gary Goett, Hard Rock International, Illinois, Indiana, International, Internet gambling, Japan, Macau, MGM Resorts International, Mississippi, Missouri, New York, Oklahoma, Penn National, PointsBet, Rush Street Gaming, Sociedade de Jogos de Macau, Sports betting, Tribal, Unite-Here | 2 Comments

Atlantic City prospers; Inflation vs. gaming: Which prevails?

Liar, liar, pants on fire. That’s what we say to Atlantic City casino executives who predict the coming of the Apocalypse is smoking is banned in their premises. First-quarter gross operating profits were up even by pre-pandemic standards, which hardly … Continue reading

Posted in AGA, Atlantic City, Bally, Caesars Entertainment, Canada, Conventions, Dan Lee, Detroit, DraftKings, Economy, Election, Gary Goett, Golden Nugget, Hard Rock International, Internet gambling, Iowa, Kansas, MGM Resorts International, Minnesota, Mohegan Sun, Nebraska, New York, Ocean Resort, Peninsula Pacific, Penn National, Philippines, Politics, Sports betting, Taxes, Technology, Tourism, Transportation, Tribal, Wall Street | 1 Comment

Atlantic City continues to rebound; Chicago casinos lose momentum; Mega-Jottings

Atlantic City casinos leapt 17% from March 2021, grossing $216.5 million. Except for Tropicana Atlantic City, which was flat at $19 million, almost everyone posted relatively impressive gains. Borgata‘s $55 million (+18%) predictably topped the market, while Hard Rock Atlantic … Continue reading

Posted in AGA, Atlantic City, Bally, Caesars Entertainment, California, Card rooms, Charity, Chicago, Derek Stevens, Gary Goett, Golden Nugget, Hard Rock International, Indiana, International, Internet gambling, Law enforcement, Macau, MGM Resorts International, Mississippi, Mohegan Sun, Money laundering, Neil Bluhm, Ocean Resort, Phil Ruffin, Politics, Problem gambling, Reno, Rush Street Gaming, Spectacle Entertainment, Sports betting, Technology, West Virginia | Comments Off on Atlantic City continues to rebound; Chicago casinos lose momentum; Mega-Jottings

Strange bedfellows indeed; Massachusetts responds to Vegas massacre

Ex-Indiana Gov. Mike Pence‘s anti-casino past came back to bite him in the keester this week. A lengthy exposé reveals that, even as Pence was publicly posturing about “no expansion of gaming” in Indiana — although Pence never clearly defined … Continue reading

Posted in Atlantic City, California, Centaur Gaming, Charity, Delaware, Donald Trump, e-sports, G2E, Gary Goett, Indiana, Internet gambling, Mandalay Bay Massacre, Maryland, Massachusetts, Nevada, Politics, Regulation, Sheldon Adelson, Station Casinos, Technology, Tribal | Comments Off on Strange bedfellows indeed; Massachusetts responds to Vegas massacre

Goett with the wind

Since Colliers International hasn’t been able to move Gary Goett‘s 100 gaming-enabled acres on St. Rose Parkway and I-15, at $1.25 million per acre, he’s still got time to rethink his decision not to build his Southern Highlands megaresort (left), … Continue reading

Posted in Architecture, Boyd Gaming, Gary Goett, M Resort, Michael Gaughan, North Las Vegas, Penn National, Station Casinos, Steve Wynn | Comments Off on Goett with the wind

Klondike, over and out

Although Jon Woodrum has been a minor fixture of the Las Vegas casino scene for decades, he and son Mike Woodrum are trying to cash out of the Klondike Sunset Casino for a tidy little $3.5 million. It appeared last … Continue reading

Posted in Boulder Strip, Economy, Gary Goett, M Resort | 1 Comment

Revel: It was all downhill from here

Yeah, Beyoncé is a hard act to follow but who knew that Revel would fall so far, so fast? So enjoy this brief moment when things looked so very promising* …  in the meantime, I’m running down leads on some … Continue reading

Posted in Atlantic City, Boulder Strip, Boyd Gaming, Dining, Downtown, Entertainment, Gary Goett, history, Michael Gaughan, North Las Vegas, Revel, Station Casinos, Tamares Group | 6 Comments

Moody’s no longer moody on Vegas; Golden Gate upsizes

Caution, thy name is Moody’s Investors Service. So if Moody’s is bullish on the near-term future of Las Vegas, I guess we can well and truly believe that a recovery is here … well, on the Strip. Away from Las … Continue reading

Posted in Atlantic City, CityCenter, Current, Dennis Gomes, Derek Stevens, Don Barden, Downtown, Economy, Entertainment, Gary Goett, Marketing, North Las Vegas, Sahara, Sheldon Adelson, Station Casinos, Steve Wynn, Tamares Group, The Strip, Tourism, Tribal, Wall Street | 3 Comments

Goett … Goett … gone

In addition to his core site of 100 acres across from M Resort, would-be Olympia Gaming mogul Gary Goett is also shopping around an additional 260 gaming-enabled acres directly to the north. Goett’s asking price? A cool million an acre, … Continue reading

Posted in Boyd Gaming, Current, Downtown, Economy, Gary Goett, Herbst Gaming, International, Marketing, Mesquite, Michael Gaughan, North Las Vegas, Penn National, Pinnacle Entertainment, Sheldon Adelson, The Strip | 2 Comments

Losee Station bites the dust

We’re just past two years to the day when S&G predicted, “Good luck finding any takers” at $39.5 million for the old Castaways site. Even now, at a priced-to-move $8.3 million ($414K/acre), it’s not budging. The site’s threefold curse is, … Continue reading

Posted in Boulder Strip, Boyd Gaming, Current, Economy, Gary Goett, Station Casinos, Wall Street | 2 Comments

Not priced to move; The end of Southern Highlands

Recently I was asked about the future of the Key Largo Casino, long defunct — a casualty of last decade’s condo craze. The photo above is some handiwork of Colliers International and I’ve borrowed it to illustrate the excellent geographical … Continue reading

Posted in Boyd Gaming, Cannery Casino Resorts, Columbia Sussex, Current, Economy, Gary Goett, M Resort, Penn National, Regulation, Station Casinos, The Strip, Warner Gaming | 1 Comment

An arena in every pot

A scrum of casino owners and would-be owners is swarming the Clark County Commission with proposed arenas. The Las Vegas City Council may be able to get into the act, as Cordish Cos. is studying the feasibility of a stadium … Continue reading

Posted in Archon Corp., Cordish Co., Current, Downtown, Dubai, Economy, Entertainment, Gary Goett, Harrah's, Michael Gaughan, Oscar Goodman, Sports, Taxes, The Strip, Tourism, Transportation | 1 Comment

Dept. of Wishful Thinking

Whatever became of Elad Properties‘ metaresort-sized Plaza project, built upon the ruins of the New Frontier? Reed Construction Data Project Research claims it’s on. Never mind that Elad’s not put so much as a shovel into the ground … or … Continue reading

Posted in Current, Economy, Environment, Gary Goett, Harrah's, M Resort, Massachusetts, Mississippi, New York, Phil Ruffin, Plaza, Racinos, The Strip, Tribal | Comments Off on Dept. of Wishful Thinking

What a difference four years makes; Lowden follies

In the course of correcting the record about former North Las Vegas mayor — and current gubernatorial aspirant — Michael Montandon (R) on a different Web site, I had to cause to dust off an old press clipping. Back when … Continue reading

Posted in Archon Corp., Boyd Gaming, Economy, Election, Gary Goett, North Las Vegas, Politics, Station Casinos | 1 Comment

Station 1, Boyd 0

In a North Las Vegas proxy war, Station Casinos handed defeat to Boyd Gaming when its preferred candidate, Councilwoman Shari Buck, trounced a colleague, to become the city's next mayor. Both Boyd and Station contributed to both candidates but slight … Continue reading

Posted in Boyd Gaming, Election, Gary Goett, Station Casinos | Comments Off on Station 1, Boyd 0