Category Archives: Ohio

‘Fight’ club; New Horseshoe powers Louisiana

Having experienced buyer’s remorse on DFS site Monkey Knife Fight, and now trying to re-sell it, Bally’s Corp. finds itself with a ton of Monkey Knife Fight-branded merchandise that it must unload. After all, if it finds a pigeon, er, … Continue reading

Posted in Atlantic City, Bally, BetMGM, Boyd Gaming, Caesars Entertainment, Canada, Churchill Downs, CQ Holdings, DFS, FanDuel, Golden Nugget, Internet gambling, Law enforcement, Louisiana, Marketing, Massachusetts, New York, Ohio, Penn National, PointsBet, Politics, Problem gambling, Regulation, Resorts World LV, Security, Silverton, Sports betting, Station Casinos, Taxes, The Strip, Wall Street | Comments Off on ‘Fight’ club; New Horseshoe powers Louisiana

Station scores; New York OSB boffo … for state, that is; Kosar sacked; Renegade slots reconsidered

Station Casinos is $62 million richer after unloading $56.5 acres of land near South Point to HCA Healthcare, a hospital chain. Don’t worry about Station’s plans to challenge Michael Gaughan for sub-Strip supremacy: It’s still harboring 126 acres of scrubland … Continue reading

Posted in Animals, Bally, BetMGM, Caesars Entertainment, Diversity, DraftKings, FanDuel, Las Vegas Sands, Macau, Michael Gaughan, Missouri, Movies, New York, Ohio, PointsBet, Politics, Real Estate, Regulation, Rush Street Gaming, Slot routes, Sports, Sports betting, Station Casinos, Taxes, Transportation, TV, Wynn Resorts | 2 Comments

Maryland sags; Dustup at Red Rock; Sands’ big NY play; The dangers of Fanatic-ism

Whilst 2022 may have come in like a lion for casinos, it’s going out like a lamb, despite an extra weekend day last month. Revenues in Maryland dipped 4.5% to $165 million statewide in December, still 11% better than the … Continue reading

Posted in Barstool Sports, BetMGM, Caesars Entertainment, Churchill Downs, Culinary Union, Dining, Diversity, DraftKings, Genting, Golden Gaming, Las Vegas Sands, Maryland, Massachusetts, MGM Resorts International, New York, Ohio, Penn National, Problem gambling, Regulation, Sports betting, Station Casinos, Transportation | 2 Comments

NFL bettors sacked; Strip resort folds; Caesars plan panned

Life at S&G HQ is seriously clouded by the critical illness of a beloved fur baby. Nevertheless, we shall endeavor to gather our thoughts, starting with the consequences for bettors of the life-threatening Damar Hamlin injury on Monday Night Football. … Continue reading

Posted in Arizona, Atlantic City, Caesars Entertainment, Chicago, Derek Stevens, DraftKings, Economy, Entertainment, Failsinos, FanDuel, Florida, Genting, Georgia, Hard Rock International, Horseracing, International, Las Vegas Sands, LVCVA, Macau, MGM Resorts International, Nebraska, New Jersey, New York, Ohio, PointsBet, Politics, Racinos, Riviera, Rush Street Gaming, Sports, Sports betting, The Strip, Tribal, TV, Wall Street, Wynn Resorts | 1 Comment

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

A Boardwalk Christmas; Mega-Jottings

Most people wouldn’t spend Christmas Day in a casino or two but our East Coast correspondent did. He reports, “At the Golden Nugget on Christmas, Chart House, Lillie’s Asian, the Grotto (Italian), Michael Patrick’s coffee shop, Bean & Bread for … Continue reading

Posted in Animals, Atlantic City, Bally, Caesars Entertainment, Churchill Downs, Dan Lee, Dining, DraftKings, Fontainebleau, Full House Resorts, Golden Nugget, Hard Rock International, International, Kentucky, Mohegan Sun, New York, Ohio, Sports betting, The Strip, Tribal, Virgin Hotels, Virginia, Wall Street | 1 Comment

Penn problems; Maryland sports bets boffo; Oscar pix

Regulators in Massachusetts struck an unsatisfactory compromise with Penn Entertainment. The latter’s Plainridge Park was granted a sports book license, conditional upon a suitability investigation of Barstool Sports founder—and the new face of Penn—Dave Portnoy. “We are very comfortable with … Continue reading

Posted in Barstool Sports, BetMGM, Caesars Entertainment, DraftKings, FanDuel, Indiana, Kansas, Marketing, Maryland, Massachusetts, MGM Resorts International, Movies, New Jersey, Ohio, Penn National, Regulation, Sports betting, Steve Wynn | Comments Off on Penn problems; Maryland sports bets boffo; Oscar pix

Caesars, Penn dimmed; Barstool fined; Card room zinged

Both Caesars Entertainment and Penn Entertainment lost traction yesterday on Wall Street after Bank of America analyst Shaun Kelley downgraded the casino giants. His primary concern was a potential downturn in gaming, due to larger macroeconomic issues, that has yet … Continue reading

Posted in Barstool Sports, Caesars Entertainment, California, Card rooms, Florida, Illinois, Jack Entertainment, M Resort, Ohio, Penn National, Regulation, Seminole Tribe, Sports betting, Wall Street | 1 Comment

Illinois, Ohio still firm; Daffy bill in N.Y.; Raiders collapse

November was good for casinos in Ohio and Illinois, both of which posted strong numbers, modestly ahead of last year but—in Ohio’s case—still high heavens above 2019. Fresh off its October dethroning of MGM Northfield Park, rival Hollywood Columbus slipped … Continue reading

Posted in Arizona, Arkansas, Bally, Boyd Gaming, Caesars Entertainment, Churchill Downs, DraftKings, Economy, Eldorado Resorts, Horseracing, Illinois, Jack Entertainment, Japan, Las Vegas Raiders, Las Vegas Sands, Law enforcement, Massachusetts, MGM Resorts International, Nevada, New York, Ohio, Penn National, Politics, Regulation, Resorts World LV, Rush Street Gaming, Service, Sports betting, The Strip, Tourism, Tribal, Wall Street, Wynn Resorts | Comments Off on Illinois, Ohio still firm; Daffy bill in N.Y.; Raiders collapse

Wynn cools Massachusetts; China: “Dance, monkey, dance!”

Casinos in Massachusetts mostly did well last month, especially by pre-pandemic standards (+24%). Unfortunately, none of that lift came from Encore Boston Harbor, which had a disappointing October, down 1% and grossing $62 million. By contrast, MGM Springfield (above) impressed … Continue reading

Posted in Atlantic City, Bally, Baseball, California, China, Galaxy Entertainment, Genting, Hard Rock International, Las Vegas Sands, Macau, Massachusetts, MGM Resorts International, Nevada, Ocean Resort, Ohio, Penn National, Politics, Regulation, Sports betting, Tribal, Wall Street, Wisconsin, Wynn Resorts | 2 Comments

Bread and circuses

Inflation or no, there is one quantifiable, incontestable fact about the American consumer. He or she is spending more—way more—on gambling than before Covid-19 and more than last year, when they had stimulus money to burn. So if there are … Continue reading

Posted in Bally, Boyd Gaming, Caesars Entertainment, California, Churchill Downs, Cordish Co., Dan Lee, DraftKings, Economy, Election, Entertainment, Full House Resorts, Golden Gaming, Greenwood Racing, Hard Rock International, Illinois, Jack Entertainment, Kentucky, Maryland, MGM Resorts International, Ohio, Penn National, Pennsylvania, The Strip, Tribal, Virginia | 2 Comments

MGM, Penn disappoint, Golden droops; Tilman’s gambit

Dragged down the golden albatross that is Macao, earnings of MGM Resorts International missed analysts’ projections by a whopping $1.61 per share for a 3Q22 loss of $1.39/share. More’s the pity, as MGM did so many things right. Wall Street … Continue reading

Posted in Bally, Barstool Sports, Baseball, BetMGM, Caesars Entertainment, California, China, CityCenter, Conventions, Cosmopolitan, Detroit, DraftKings, Economy, Election, Full House Resorts, GLPI, Golden Gaming, Health, Illinois, Internet gambling, Iowa, Japan, Laughlin, M Resort, Macau, Maryland, Mattress Mack, MGM Resorts International, Mississippi, Nevada, New York, Ohio, Penn National, Pennsylvania, Rush Street Gaming, Singapore, Slot routes, South Korea, Sports, Sports betting, The Rio, The Strip, Tilman Fertitta, Tribal, Wall Street, Wynn Resorts | 1 Comment

Atlantic City update; G2E convenes; Penn upgrades

Happy Indigenous Peoples Day, especially to our tribal readers. We’re spending it nursing a nasty case of strep throat and distantly following Global Gaming Expo, which convenes today at the newly expanded Las Vegas Convention Center. This year’s G2E, like … Continue reading

Posted in Atlantic City, Australia, Bally, BetMGM, Caesars Entertainment, Culinary Union, Dan Lee, Dining, DraftKings, FanDuel, G2E, Genting, GLPI, Golden Nugget, Health, Illinois, Kazuo Okada, Law enforcement, M Resort, Macau, MGM Resorts International, New York, Ocean Resort, Ohio, Penn National, Philippines, PointsBet, Regulation, Rush Street Gaming, Sports betting, Star Entertainment, Station Casinos, Taxes, Technology, Tilman Fertitta, Wall Street, Wynn Resorts | 1 Comment

Gaming levels off at high altitude; More Chicago shenanigans

Casino receipts are in for a quartet of states and they tell a similar tale: That gamblers are reining in their 2022 spending … but are still wagering (and losing) way more than three years ago. Hardly a picture of … Continue reading

Posted in Bally, Baseball, Boulder Strip, Boyd Gaming, Caesars Entertainment, Chicago, Churchill Downs, Dan Lee, DraftKings, Full House Resorts, Golden Gaming, Hard Rock International, Health, Illinois, Iowa, Jack Entertainment, Kansas, Louisiana, Macau, Maryland, MGM Resorts International, Missouri, North Las Vegas, Ohio, Penn National, Politics, Sports betting, Station Casinos, TV | 4 Comments

Pennsylvania: Parx back on top; Gov’t milks problem gambling

Despite a 12.5% dropoff in revenue from July 2021, Parx Casino outpaced the rest of the Pennsylvania pack last month, booking $51 million in revenue. The only other casino to come close was Wind Creek Bethlehem, riding a 13.5% surge … Continue reading

Posted in Barstool Sports, BetMGM, Boyd Gaming, Caesars Entertainment, California, Centaur Gaming, China, Churchill Downs, Cordish Co., Donald Trump, DraftKings, FanDuel, FoxBet, Greenwood Racing, Hard Rock International, Health, Indiana, International, Internet gambling, Las Vegas Sands, Macau, Mohegan Sun, Money laundering, Ohio, Penn National, Pennsylvania, Problem gambling, Rush Street Gaming, Sports betting, Tribal | 2 Comments

Missouri up, Ohio down; Wynn hits records; Station flexes

After a somnolent Tuesday, all heck has erupted in the gaming universe and we’ll try to cram at least some of it into today’s dispatch. Gaming revenues continue to flicker here and there, while remaining high heavens above 2019’s outstanding … Continue reading

Posted in Bally, Boyd Gaming, Caesars Entertainment, Century Casinos, China, Churchill Downs, Economy, Hard Rock International, Health, International, Internet gambling, Jack Entertainment, Macau, Massachusetts, MGM Resorts International, Missouri, Ohio, Penn National, Real Estate, Sports betting, Station Casinos, The Strip, Wall Street, Wynn Resorts | 1 Comment

Cosmic quarter at MGM; New name, same old Penn

“No Recession yet, just all time records,” reported Truist Securities analyst Barry Jonas of MGM Resorts International‘s 2Q22 earnings call. Better-than-ever Las Vegas Strip and regional revenues beat the pants off Wall Street‘s expectations, outweighing “weakness” in Macao, where gaming … Continue reading

Posted in Atlantic City, Bally, Barstool Sports, BetMGM, Boyd Gaming, Caesars Entertainment, Canada, Chicago, China, Churchill Downs, Conventions, Cordish Co., Cosmopolitan, DraftKings, FanDuel, Golden Gaming, Hard Rock International, history, Illinois, International, Internet gambling, Law enforcement, M Resort, Macau, Marketing, Maryland, Massachusetts, MGM Resorts International, Michigan, Mississippi, Missouri, Nevada, North Carolina, Ohio, Penn National, Pennsylvania, PointsBet, Scott Butera, Slot routes, Sports, Sports betting, Technology, The Strip, Tourism, Tribal, Virginia, Wall Street, Wyoming | 1 Comment

Boyd outperforms; Vegas airport sets record, joblessness drops

“No gaming consumer slowdown, at least not yet.” That was the headline of JP Morgan analyst Joseph Greff‘s appraisal of Boyd Gaming‘s 2Q22 earnings call. Loyalty players and core customers remain steadfast, as Boyd grew revenues 4% “despite a tough … Continue reading

Posted in Arizona, Boyd Gaming, California, Downtown, Economy, Internet gambling, Kansas, Louisiana, MGM Resorts International, Nevada, Ohio, Pennsylvania, Reno, Resort fees, Sports betting, The Strip, Tourism, Transportation, Tribal, Wall Street | Comments Off on Boyd outperforms; Vegas airport sets record, joblessness drops

Insolvency in Macao; Sports betting everywhere

Prior to the current Covid-19 lockdown, casinos in Macao were already engaged in a $600 million/month cash burn, thanks to the China‘s zero-tolerance policy on the disease. That will only get worse now that access to customers has been shut … Continue reading

Posted in Bally, Barstool Sports, BetMGM, Caesars Entertainment, California, China, DraftKings, Economy, Election, FanDuel, Hard Rock International, Health, history, Illinois, Macau, Maryland, Ohio, PointsBet, Regulation, Rush Street Gaming, Sociedade de Jogos de Macau, Sports betting, Tourism, TV, Westgate LV | 1 Comment

Ohio shows fatigue; Macao seizes hotels; Abe assassinated

Since it has been outperforming the broader U.S. market for some time now, perhaps we should not be unduly concerned that Ohio casino revenues are down for three months in a row. Indeed, compared to go-go 2019, they’re still arguably … Continue reading

Posted in Atlantic City, Bally, Caesars Entertainment, California, Churchill Downs, Downtown, Economy, Hard Rock International, Health, Jack Entertainment, Japan, Las Vegas Raiders, Las Vegas Sands, Law enforcement, Macau, Melco Resorts & Entertainment, MGM Resorts International, Ohio, Penn National, Pennsylvania, Sexual misconduct, Sociedade de Jogos de Macau, Sports, Station Casinos, The Strip, Tribal, Virginia | 1 Comment