Category Archives: Downtown

Nevada’s mixed forecast; The mystery of the Playboy chips

Fueled by a record July at Reid International Airport, casinos on the Las Vegas Strip surged 8% in July, hitting $835 million. This was the highest single-month haul on the Strip ever, surpassing December 2022 by $20 million. Slot win … Continue reading

Posted in Boulder Strip, Donald Trump, Downtown, Genting, history, Lake Tahoe, Laughlin, Massachusetts, Mesquite, Neil Bluhm, New Jersey, North Las Vegas, Politics, Regulation, Reno, The Strip, Tribal, Wendover | Comments Off on Nevada’s mixed forecast; The mystery of the Playboy chips

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 | Comments Off on Strip flattens, locals fade; Analysts mixed on Boyd

Indiana, Missouri down; Mega-Jottings

Indiana has joined the growing litany of states with disappointing May casino receipts. The statewide gross of $196.5 million represented a 7% drop-off from last year at this time. Only two casinos defied the trend. French Lick Resort leapt 14.5% … Continue reading

Posted in Australia, Bally, Barstool Sports, BetMGM, Boyd Gaming, Caesars Entertainment, California, Canada, Century Casinos, Downtown, DraftKings, Election, FanDuel, Full House Resorts, Galaxy Entertainment, Genting, Hard Rock International, Indiana, International, Kentucky, Marketing, Maryland, MGM Resorts International, Missouri, New York, Penn National, PointsBet, Regulation, San Manuel Band of Mission Indians, Sports betting, Star Entertainment, Tamares Group, Tribal, Virginia, Wall Street, Wynn Resorts | Comments Off on Indiana, Missouri down; Mega-Jottings

Las Vegas: Strip up, locals down; God comes to Vegas

Gambling revenue from Nevada locals players dipped 2% last month. Now, before anyone shrieks “Recession!” or looks for the sky to fall, be it noted that we’re still streets ahead of 2019, which was the go-go ‘new normal.’ If, as … Continue reading

Posted in AGA, Boulder Strip, Boyd Gaming, Derek Stevens, Diversity, Downtown, G2E, history, International, Lake Tahoe, Laughlin, Mesquite, North Las Vegas, Reno, Scientific Games, Singapore, Steve Wynn, Tamares Group, The Strip, Wall Street | 1 Comment

Boyd praised; Graft at Wynn?; NFL hypocrisy

Wall Street analysts loved up on Boyd Gaming following its 1Q23 earnings call. Boyd, Deutsche Bank analyst Carlo Santarelli wrote, “delivers another strong performance … the merits of the story remain compelling on a relative basis.” He pushed his price … Continue reading

Posted in Baseball, Boyd Gaming, Caesars Entertainment, California, Detroit, Dining, Downtown, FanDuel, Hawaii, Illinois, Internet gambling, Louisiana, Mississippi, Penn National, Real Estate, Reno, Service, Slot routes, Sports, Sports betting, Station Casinos, The Strip, Tilman Fertitta, Tribal, Wall Street, Wynn Resorts | 2 Comments

Blame it on baccarat; Crime at Hard Rock; Dixie-dumb

The Great American Gambling Craze isn’t abating, although Las Vegas Strip revenues slipped 3% in March, down to $724.5 million. This was paradoxical, as it came in a month in which airline passenger loads into and out of Las Vegas … Continue reading

Posted in Atlantic City, Boulder Strip, Caesars Entertainment, Canada, Colony Capital, Dining, Donald Trump, Downtown, Entertainment, Environment, Golden Nugget, Hard Rock International, history, Illinois, Internet gambling, Lake Tahoe, Laughlin, Law enforcement, Macau, Mesquite, Mohegan Sun, Nevada, New Jersey, New York, North Las Vegas, Politics, Regulation, Reno, Rush Street Gaming, Sports, Sports betting, Taxes, Tennessee, The Strip, Tourism, Tribal, Wendover, WInd Creek | 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 | Comments Off on Big month for Strip; Miller’s rapid response; Titus time

Massachusetts soars; The Strip meets The Street

Gambling win in Massachusetts shot up 14.5% in February, reaching $98 million. Market leader, of course, was Encore Boston Harbor with $63 million (+14.5%). MGM Springfield leapt 17% to $23 million and Plainridge Park climbed 10% to $12 million. Wynn … Continue reading

Posted in Boyd Gaming, Caesars Entertainment, Century Casinos, Downtown, DraftKings, Entertainment, FanDuel, Golden Gaming, Golden Nugget, Hawaii, Internet gambling, Las Vegas Raiders, Las Vegas Sands, Macau, Marketing, Maryland, Massachusetts, MGM Resorts International, Nevada, New Jersey, New York, Politics, Singapore, Slot routes, Sports betting, Station Casinos, Taxes, The Rio, The Strip, Wall Street, Wynn Resorts | 1 Comment

Vegas booming; Churchill Downs “messy”; Mega-Jottings

Nevada gambling winning catapulted 18% last month—yes, almost a 20% increase over post-Covid numbers (although January 2022 was dampened by Omicron). The good times just keep on rolling, to the tune of $1.2 billion. The Las Vegas Strip led the … Continue reading

Posted in Alabama, Aristocrat, Arizona, Atlantic City, Bally, Baseball, BetMGM, Boulder Strip, Century Casinos, Churchill Downs, Culinary Union, Downtown, DraftKings, Environment, Fontainebleau, Georgia, GLPI, Hard Rock International, Horseracing, Indiana, International, Internet gambling, Iowa, Lake Tahoe, Laughlin, Lotteries, Maverick Gaming, Mesquite, MGM Resorts International, Mohegan Sun, Movies, Nevada, New Hampshire, New York, North Carolina, North Las Vegas, Peninsula Pacific, Pennsylvania, Phil Ruffin, Politics, Reno, Resorts World LV, Rush Street Gaming, Slot routes, South Korea, Sports betting, Technology, The Rio, The Strip, Tribal, United Kingdom, Vici Properties, Virginia, Wall Street, Washington State, Wendover | 1 Comment

Boyd buoyed; Penn damned with faint praise; Mega-Jottings

It was a good day yesterday for Boyd Gaming as it trotted out its 4Q22 numbers. Cash flow healthily overshot Wall Street expectations and was powered by, among other things, better-than-2019 visitation by that Boyd mainstay, players from Hawaii. Wrote … Continue reading

Posted in Arizona, Barstool Sports, BetMGM, Boulder Strip, Boyd Gaming, Caesars Entertainment, California, Canada, Churchill Downs, Cretins, Dining, Downtown, DraftKings, Election, Failsinos, FanDuel, Georgia, Hard Rock International, Hawaii, Illinois, Indiana, Internet gambling, Iowa, Kansas, Louisiana, M Resort, MGM Resorts International, Mississippi, New York, Ohio, Penn National, Sports betting, Station Casinos, The Strip, Tribal, Wall Street, West Virginia | Comments Off on Boyd buoyed; Penn damned with faint praise; Mega-Jottings

Nevada closes 2022 roaring; Lombardo’s big blunder

Gambling grosses for last month have been tallied and it’s an understatement to say they’re boffo. Nevada casinos raked in $1.3 billion, a 14% leap over 2021. You can see why we think that—as it pertains to gaming—a recession is … Continue reading

Posted in Atlantic City, Bally, Boulder Strip, Boyd Gaming, CQ Holdings, Downtown, Entertainment, Foxwoods, Greenwood Racing, Internet gambling, Iowa, Lake Tahoe, Las Vegas Sands, Laughlin, Law enforcement, Macau, Maryland, Mesquite, MGM Resorts International, Nevada, Palms, Penn National, Regulation, Reno, The Strip, Tribal, United Kingdom, Wendover, William Hill, Wisconsin | 3 Comments

No ‘M’ in ‘Penn’; A Royal mystery; See Vegas and die

Scarcely had the hot air cooled on Penn Entertainment‘s announcement that it was doubling the capacity of M Resort than word trickled out—via Vital Vegas—that Penn is in talks too sell the locals-oriented property to MGM Resorts Entertainment. It would … Continue reading

Posted in Barstool Sports, Conventions, Downtown, Failsinos, Illinois, Las Vegas Raiders, Law enforcement, M Resort, Marketing, MGM Resorts International, Nevada, Ohio, Penn National, Real Estate, Regulation, Sports betting, The Strip | 3 Comments

Strip’s good times waning

A big touché to the uncredited wag at the Las Vegas Review-Journal who came up with today’s banner headline: CARR PARKED. Yes, the Las Vegas Raiders have had enough of underachieving QB Derek Carr and are benching him for long-shot … Continue reading

Posted in Boulder Strip, Downtown, Lake Tahoe, Las Vegas Raiders, Laughlin, Mesquite, Nevada, North Las Vegas, Reno, The Strip, Wendover | Comments Off on Strip’s good times waning

Christmas wishes

It’s time to reward those who have been nice and offer appropriate gifts to the naughty. So, without further ado, we play Santa Claus to the casino industry …

Posted in AGA, Alabama, Alex Meruelo, Atlantic City, Bally, Barstool Sports, Boyd Gaming, Caesars Entertainment, California, Card rooms, Chicago, China, Crown Resorts, Culinary Union, Dan Lee, Derek Stevens, Downtown, DraftKings, Fontainebleau, Full House Resorts, Genting, Georgia, Hard Rock International, James Packer, Japan, Kazuo Okada, Las Vegas Sands, Macau, Massachusetts, Mattress Mack, MGM Resorts International, Michael Gaughan, Missouri, Moulin Rouge, Movies, Nevada, New York, Oklahoma, Pahrump, Palms, Penn National, Phil Ruffin, Politics, Real Estate, Regulation, Resort fees, Resorts World LV, Sahara, Scott Butera, Sports betting, Star Entertainment, Station Casinos, Steve Wynn, The Rio, The Strip, Tilman Fertitta | Comments Off on Christmas wishes

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

Risky mandate in Macao; Penn’s problems; Debacle at Mirage

That sowing sound you hear is casino executives from Las Vegas to Hong Kong heaving a gargantuan sigh of relief that all the incumbent gaming concessions in Macao were renewed last weekend, leaving Genting Group still on the outside looking … Continue reading

Posted in Architecture, Barstool Sports, Boyd Gaming, China, Cretins, Downtown, DraftKings, Failsinos, Genting, Health, Macau, MGM Resorts International, New York, Penn National, San Manuel Band of Mission Indians, Sexual misconduct, Sports, Sports betting, Station Casinos, Taxes, The Strip, Tourism, TV, Wall Street | 1 Comment

Station accentuates positives; Wynn gets richer, Adelson poorer

Do Station Casinos execs really want to double their footprint in seven years? Yesterday they reported flat 3Q22 revenues of $414.5 million, all but $3 million of which were Vegas-derived, unwittingly highlighting the company’s exposure to a single market. Company … Continue reading

Posted in Bally, Boulder Strip, Caesars Entertainment, California, Charity, Downtown, e-sports, Economy, Election, Galaxy Entertainment, Hard Rock International, International, Internet gambling, James Packer, Las Vegas Sands, Louisiana, Macau, MGM Resorts International, New Jersey, Pansy Ho, Real Estate, Sports betting, Station Casinos, Steve Wynn, The Strip, Wall Street, World Series of Poker, Wynn Resorts | 1 Comment

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

Bullish for Boyd; Abbott does Texas two-step; D.C. remorse

Bad economy? Not if you’re Boyd Gaming. The regional giant significantly improved third-quarter income, from $843 million in 3Q21 to $877 million this year. Said CEO Keith Smith, “Continuing into October, customer spending has been very consistent with the trends … Continue reading

Posted in Alabama, Barstool Sports, Baseball, Boyd Gaming, Caesars Entertainment, California, Downtown, Economy, Election, Hard Rock International, Hawaii, Indiana, International, Internet gambling, Japan, Louisiana, Mattress Mack, Mohegan Sun, New Jersey, Pennsylvania, Politics, Sports betting, Texas, Tourism, Tribal, Virgin Hotels, Wall Street, Wynn Resorts | 2 Comments

Station goes off its meds; Hochul names casino pickers

Richard Schuetz writes today that “the reality of casino company board rooms is that they are overwhelmed with way too much testosterone.” That certainly seems to be the case at Station Casinos, which has announced seven projects to be executed … Continue reading

Posted in Architecture, Boulder Strip, Boyd Gaming, Churchill Downs, Downtown, El Cortez, Failsinos, history, Indiana, Michael Gaughan, New York, North Carolina, North Las Vegas, Oklahoma, Palms, Regulation, San Manuel Band of Mission Indians, Station Casinos, Tribal | 3 Comments