Category Archives: Donald Trump

Boardwalk bulletin; George gesture from Apollo

Pressure to end smoking in New Jersey casinos continues to ramp up on legislators. Said former governor Richard Codey (now a state senator), “When I was governor, we passed smoke-free legislation that covered almost all of our state. Restaurants complained … Continue reading

Posted in Apollo Management, Architecture, Atlantic City, Bally, Caesars Entertainment, Colorado, Conventions, Dan Lee, Dining, Donald Trump, Genting, Golden Nugget, Health, Macau, Marketing, MGM Resorts International, Politics, Problem gambling, Regulation, Resorts World LV, Sports, Sports betting, Texas, The Strip, Virginia | 1 Comment

MGM boffo; Establishment freaks out over sports betting

“Viva Las Vegas” was the headline on Credit Suisse analyst Ben Chaiken‘s recap of 4Q21 earnings from MGM Resorts International. Wall Street expected $2.8 billion in revenue and $705 million in cash flow. MGM delivered $3.1 billion and $821 million, … Continue reading

Posted in BetMGM, Caesars Entertainment, Canada, Conventions, Cosmopolitan, DFS, Donald Trump, DraftKings, Election, Entertainment, Florida, Hard Rock International, Hawaii, Health, Illinois, Japan, Las Vegas Sands, Lotteries, Macau, Marketing, Mattress Mack, MGM Resorts International, Nevada, New York, Problem gambling, Seminole Tribe, Sports, Sports betting, Station Casinos, Steve Wynn, Taxes, Technology, The Strip, Wall Street, Wynn Resorts | 3 Comments

Fear and loathing in Chicago; All’s well in Macao; Tribe comes back from nonexistence

It wouldn’t be a fight for a Chicago casino if it weren’t down and dirty—and it is. Bally’s Corp. already sounds desperate, throwing a Hail Mary pass in the form of a report that rival bidders Rush Street Gaming and … Continue reading

Posted in Bally, Chicago, Donald Trump, Galaxy Entertainment, Hard Rock International, Indiana, Japan, Lake Tahoe, Las Vegas Sands, Law enforcement, Macau, Massachusetts, MGM Resorts International, Real Estate, Regulation, Resort fees, Rhode Island, Rush Street Gaming, Tribal, TV, Wynn Resorts | 2 Comments

DraftKings talks big, persuades few; Rancor in Richmond

DraftKings divided analysts with its 3Q21 earnings report. Credit Suisse pundit Ben Chaiken said the company was “moving the ball down the field.” That’s despite revenues of $212 million that well undershot Wall Street‘s expected $238 million, rather like a … Continue reading

Posted in AGA, Arizona, Baseball, Canada, Delaware, Donald Trump, DraftKings, Election, Golden Nugget, Health, history, Internet gambling, James Packer, Louisiana, Marketing, Maryland, New York, North Carolina, Politics, Sheldon Adelson, Sports, Sports betting, Texas, Tribal, TV, Virginia, Wall Street | Comments Off on DraftKings talks big, persuades few; Rancor in Richmond

Cosmo finds pigeons; Scientific sheds sports betting

Reflecting the irrational exuberance surrounding the Las Vegas Strip, it’s a done deal at The Cosmopolitan of Las Vegas. The $3.9 billion resort’s physical assets sold for $4 billion, albeit to a cloudy “group of buyers that includes a Blackstone … Continue reading

Posted in Barstool Sports, BetMGM, Caesars Entertainment, China, Churchill Downs, Colorado, Cosmopolitan, Donald Trump, DraftKings, Environment, Florida, Full House Resorts, Hard Rock International, Health, Indiana, Lotteries, Louisiana, Macau, Marketing, MGM Resorts International, Pennsylvania, Real Estate, Rush Street Gaming, Scientific Games, Seminole Tribe, Sports, Sports betting, Tennessee, The Strip, Tourism, Wall Street, Wynn Resorts | Comments Off on Cosmo finds pigeons; Scientific sheds sports betting

Real estate frenzy on the Strip; Barrack busted; Masks redux

Setting foot inside Aztec Inn Casino is not for the faint of heart. But its owners think they’re sitting on a gold mine. It and a gaggle of properties that includes Golden Skull Tattoo and Diversity Tattoo is on the … Continue reading

Posted in BetMGM, Caesars Entertainment, California, Colony Capital, Donald Trump, DraftKings, Fontainebleau, Health, International, Law enforcement, MGM Resorts International, Phil Ruffin, PointsBet, Real Estate, Reno, Sports, Sports betting, Steven Witkoff, The Strip, Tribal | 1 Comment

Nevada conventions healthy, Nevadans not so much

Tourism to Las Vegas in May was 12% higher than April and June should continue the climb, even if long-awaited World of Concrete was a flop (one-sixth of the expected attendance). Next up was the Nightclub & Bar Show, which … Continue reading

Posted in China, Conventions, Dining, Donald Trump, Health, history, Internet gambling, Las Vegas Sands, Macau, MGM Resorts International, New York, Phil Ruffin, Politics, Reno, Seminole Tribe, Sports betting, Taxes, The Strip, Tourism, Tribal, Wisconsin, Wynn Resorts | 1 Comment

Indiana, Missouri keep rebounding; Casino boom benefits all

Scratch two casino riverboats in Indiana. The Majestic Star-branded flotilla went out of business—and Hard Rock Gary came in, quite auspiciously. Total Hoosier State gaming revenue for last month grew 18% over 2019 to $185.5 million. Hard Rock Gary opened … Continue reading

Posted in Atlantic City, Bally, Barstool Sports, BetMGM, Boyd Gaming, Caesars Entertainment, Century Casinos, Connecticut, Detroit, Donald Trump, DraftKings, Economy, Entertainment, FanDuel, Full House Resorts, Hard Rock International, Indiana, Internet gambling, Law enforcement, Macau, MGM Resorts International, Michigan, Mississippi, Missouri, Peninsula Pacific, Penn National, Pennsylvania, PointsBet, Rush Street Gaming, Spectacle Entertainment, Sports, Sports betting, Taxes, The Strip, Tilman Fertitta, Tribal, Virginia, Wisconsin | 2 Comments

Trump banned; Richmond: The fix was in

Donald Trump won’t be opening a casino in Doral. Neither will anyone else. Not if the Doral City Council has its way. It voted unanimously to bar casino gambling within the city, which encompasses The Donald’s struggling resort. This has … Continue reading

Posted in Australia, BetMGM, Boyd Gaming, Caesars Entertainment, Cordish Co., Donald Trump, DraftKings, Entertainment, FanDuel, Florida, Health, Iowa, Mohegan Sun, Money laundering, North Dakota, Pennsylvania, Politics, Regulation, Rush Street Gaming, Sports, Sports betting, The Strip, Tribal, Virgin Hotels, Virginia, William Hill | 3 Comments

Getting nasty in Florida; Police blotter

A “tortured artifice.” That’s what Miami Beach Mayor Dan Gelber (D) calls the new Florida gaming compact in a letter to the Interior Department. He urged them to reject the deal, not because of any issues with the Seminole Tribe, … Continue reading

Posted in Atlantic City, Churchill Downs, Donald Trump, Drugs, Economy, El Cortez, Entertainment, Florida, G2E, Hard Rock International, Health, Horseracing, Law enforcement, Louisiana, Macau, MGM Resorts International, Money laundering, North Carolina, Pansy Ho, Politics, Problem gambling, Seminole Tribe, Sociedade de Jogos de Macau, Sports, Sports betting, The Strip, Tribal | 1 Comment

Steve Wynn, international man of mystery

“Foreign agent.” That’s who Steve Wynn is, according to the Justice Department, which is prepared to sue the disgraced casino mogul if he doesn’t register as an aegis of Red China‘s government. Seems that Steve was carrying water for the … Continue reading

Posted in Atlantic City, Caesars Entertainment, California, Canada, Card rooms, Century Casinos, China, Cretins, Detroit, Donald Trump, Economy, Election, Health, Internet gambling, Law enforcement, LVCVA, MGM Resorts International, Missouri, North Carolina, Ocean Resort, Phil Ruffin, PointsBet, Politics, Sheldon Adelson, Sports, Sports betting, Steve Wynn, The Strip, Tourism, Transportation, Tribal, Wisconsin, Wynn Resorts | 4 Comments

Strip returns to form; Caesars nixes buffets, free play

Last month Nevada raced ahead of 2019 gambling-revenue benchmarks, up 11% to just over $1 billion. Locals-derived winnings ($245 million) jumped 18%, despite operating at 80% capacity. (Locals casinos saw 15% higher slot win 18% greater handle and 35.5% more … Continue reading

Posted in Australia, Boulder Strip, Caesars Entertainment, Connecticut, Crown Resorts, DFS, Dining, Donald Trump, Downtown, Economy, Election, Foxwoods, G2E, Health, Internet gambling, Lake Tahoe, Laughlin, Lawrence Ho, Macau, Maryland, Massachusetts, Melco Resorts & Entertainment, Mesquite, Mississippi, Mohegan Sun, Nevada, North Las Vegas, Regulation, Reno, Sports betting, Stanley Ho, Station Casinos, Taxes, The Strip, Tilman Fertitta, Wendover | 1 Comment

Case Bets

Colorado closed out its first full year of sports betting with an April decline, presaging a summer slump that is likely to prevail until football season. Handle was $244.5 million, which left $10.5 million in revenue after promotional credits ($6.5 … Continue reading

Posted in Colorado, Donald Trump, Health, Law enforcement, Sports, Sports betting, Taxes, Technology | 1 Comment

Casinos collapse in Texas, advance elsewhere

All Sheldon Adelson‘s horses and all Sheldon Adelson’s men couldn’t put Texas megaresorts together. Or, as they said in Brooklyn (in a non-gaming context), wait ’til next year. Two separate bills to authorize everything from full-service casinos to poker rooms … Continue reading

Posted in Atlantic City, Bally, Caesars Entertainment, Cordish Co., Dining, Donald Trump, Florida, Hard Rock International, Health, Internet gambling, Las Vegas Sands, Louisiana, MGM Resorts International, New Jersey, Politics, Regulation, Seminole Tribe, Sheldon Adelson, Sports betting, Taxes, Texas, The Strip, Tilman Fertitta, Tribal, Virginia | 1 Comment

Louisiana advances, Pennsylvania recedes

Casino revenues in Louisiana enjoyed a big bounce last month, up 18% to $236 million, a substantial increase over 2019 levels. Mind you, that number was achieved without two casinos that were operational in 2019, Diamond Jacks and Isle Grand … Continue reading

Posted in Atlantic City, Barstool Sports, Baseball, BetMGM, Boyd Gaming, Caesars Entertainment, California, Churchill Downs, Cordish Co., CQ Holdings, Detroit, Dining, Donald Trump, DraftKings, Eldorado Resorts, Entertainment, FanDuel, Golden Nugget, Greenwood Racing, Hard Rock International, Internet gambling, Louisiana, MGM Resorts International, Mohegan Sun, New York, North Carolina, Penn National, Pennsylvania, Rush Street Gaming, Sports, Sports betting, Tribal, Wall Street | 1 Comment

Massachusetts strong; Casino boycott announced

Massachusetts almost reached 2019 levels, coming up 4% shy with an April gross of $84.5 million. The commonwealth’s three casinos did this despite having to operate at 40% of capacity (all capacity limits will be lifted May 29). Plainridge Park … Continue reading

Posted in Donald Trump, Florida, Health, IGT, International, Internet gambling, Massachusetts, MGM Resorts International, Missouri, Penn National, Politics, Seminole Tribe, Sports betting, Tamares Group, Taxes, Tribal, Virginia, Wall Street, Wynn Resorts | 1 Comment

Wynn gaining steam; Miami Beach casino juice job dismissed

First-quarter results for Wynn Resorts were worse than expected in Macao but better than anticipated in both Las Vegas and Boston, while the company posted a revenue chasm around Wynn Interactive. To shore up the latter, Wynn is merging it … Continue reading

Posted in Bally, BetMGM, Boyd Gaming, Caesars Entertainment, Century Casinos, Conventions, Donald Trump, DraftKings, FanDuel, Florida, Hard Rock International, Horseracing, Illinois, Internet gambling, Macau, Marketing, Massachusetts, Missouri, Nevada, New York, Ohio, Penn National, Pennsylvania, Politics, Regulation, Seminole Tribe, Sociedade de Jogos de Macau, Sports betting, The Strip, Tourism, Tribal, TV, Virginia, Wall Street, Wynn Resorts | Comments Off on Wynn gaining steam; Miami Beach casino juice job dismissed

Demand, prices way up on the Strip; Big casino push in Texas

Emboldened by a combination of new, 50% capacity limits in Nevada and $1,400 stimulus checks, visitors poured into Las Vegas and resorts were quick to profiteer, er, monetize the nascent demand. The Strat more than tripled room rates, from $50/night … Continue reading

Posted in Alabama, Atlantic City, Caesars Entertainment, California, China, Cordish Co., Cosmopolitan, Donald Trump, Economy, Election, Golden Gaming, Harry Reid, Health, history, Las Vegas Sands, Law enforcement, Lotteries, Macau, Marketing, Oklahoma, Pennsylvania, Politics, Racinos, Rush Street Gaming, Sahara, Sheldon Adelson, Sports betting, Taxes, Tennessee, Texas, The Strip, Tourism, Tribal, Virginia, Wynn Resorts | 1 Comment

A cautionary tale

Las Vegas, be warned: This could be you. We’re referring to the chaos in Miami, where an 8 p.m.-6 a.m. curfew has been imposed by police in response to widespread hooliganism. The out-of-control situation in the streets was brought on … Continue reading

Posted in China, Donald Trump, Entertainment, Florida, Health, Las Vegas Sands, Law enforcement, Macau, Sheldon Adelson, The Strip | 3 Comments

A.C.: A month to forget; Trump sticks it to Miami

Casino revenue headed 32% south in Atlantic City last month, to $148 million. Those were augmented with $46 million in sports-betting dollars and $94 million from Internet gambling (+80%), so that probably counts as a silver lining to a dark … Continue reading

Posted in Atlantic City, Bally, Barstool Sports, Boyd Gaming, Caesars Entertainment, Churchill Downs, Cordish Co., Donald Trump, DraftKings, FanDuel, Florida, Fontainebleau, FoxBet, Genting, Golden Nugget, Greenwood Racing, Hard Rock International, MGM Resorts International, Michigan, Mohegan Sun, New Jersey, New York, Ocean Resort, Penn National, Pennsylvania, Politics, Real Estate, Rush Street Gaming, Seminole Tribe, Sports, Sports betting, Tribal, Wall Street, William Hill, Wynn Resorts | 1 Comment