Category Archives: LVCVA

Tribute to a bad man

Sheldon Adelson‘s Horatio Alger success story came to an abrupt end today, when the Boston Globe broke the news of his death from lymphoma at age 87. Adelson had a good run in the industry, longer than most, and his … Continue reading

Posted in AGA, Alabama, Architecture, Conventions, Culinary Union, Donald Trump, Election, Florida, Galaxy Entertainment, Health, history, International, Internet gambling, Japan, Las Vegas Sands, LVCVA, Macau, Marijuana, Movies, New York, Pennsylvania, Politics, Sheldon Adelson, Singapore, Sociedade de Jogos de Macau, Sports betting, Stanley Ho, Steve Wynn, Taxes, Texas, The Strip, Tribal, Wall Street | 3 Comments

Vegas scraping bottom; Caesars fined big-time

Rising numbers of Covid-19 cases “pressured visitation” to Las Vegas last month and a total absence of conventions didn’t help either, according to JP Morgan analyst Joseph Greff. Tourism was down 57%, which drove a devastating 70% decline in revenue … Continue reading

Posted in Caesars Entertainment, California, Colorado, Economy, Health, International, LVCVA, MGM Resorts International, Money laundering, The Strip, Tourism, Wall Street, William Hill | 2 Comments

Derby Day a dud; Bank cools on Resorts World LV

Seems that Churchill Downs was blowing smoke up Wall Street‘s keister about how well a delayed, spectator-less Kentucky Derby would perform. Last weekend’s Run for the Roses saw betting handle of $79.5 million, down 49% from last year. All races … Continue reading

Posted in Churchill Downs, Dining, Donald Trump, DraftKings, Economy, Election, FanDuel, G2E, Genting, Hard Rock International, Health, Horseracing, Kentucky, Las Vegas Raiders, LVCVA, Macau, MGM Resorts International, Nevada, New York, Penn National, Rush Street Gaming, Security, Sheldon Adelson, Singapore, Sports, Sports betting, The Rio, The Strip, Tourism, TV, Wall Street | 1 Comment

Sheldon: “No money for you!”; Newton manse for sale (again)

So the leopard really can’t change its spots. According to court documents, liens have been filed against the MSG Sphere at Venelazzo. The $1.65 billion project is being sued over $3 million in supposedly unpaid bills. Reported the Las Vegas … Continue reading

Posted in Colorado, Dining, Diversity, Health, Lucky Dragon, LVCVA, Massachusetts, Real Estate, Regulation, Sheldon Adelson, Sports, Sports betting, Tamares Group, The Strip, Transportation, Wayne F. Newton, Wynn Resorts | 2 Comments

Las Vegas: The first shall be last

Don’t stay up late waiting for business in Las Vegas to return to “normal” levels. Sin City is uniquely vulnerable to downturns in the U.S. economy (think of the Great Recession) and a trailing indicator of gambling’s health. The prime … Continue reading

Posted in Alabama, Aristocrat, Atlantic City, Boulder Strip, Boyd Gaming, China, Conventions, Downtown, Economy, Eldorado Resorts, Florida, G2E, Hard Rock International, Health, Las Vegas Sands, LVCVA, Macau, Melco Resorts & Entertainment, Ohio, Penn National, Technology, The Strip, Transportation, Wall Street, Wynn Resorts | 1 Comment

‘Net bets carry Atlantic City; Clubs face crisis

Internet casinos are in New Jersey to stay. They grossed $86 million last month, their highest amount ever. That’s 135% more than a year ago. Golden Nugget was tops with $29 million, followed by Resorts Digital ($18 million) and Borgata … Continue reading

Posted in Atlantic City, Caesars Entertainment, Carl Icahn, Downtown, DraftKings, Economy, Entertainment, Florida, Golden Nugget, Health, Horseracing, International, Internet gambling, Las Vegas Sands, LVCVA, MGM Resorts International, Mississippi, Morris Bailey, New Jersey, New York, Ohio, Resorts World LV, Seminole Tribe, Sports, Sports betting, Steve Wynn, Taxes, The Strip, Tourism, Transportation, Wynn Resorts | 2 Comments

MGM changes mind on Aria; No appetite for deals?

Having told its entire Aria staff to look for new jobs, MGM Resorts International finds itself in the position of saying, “Never mind.” In an interview last weekend, CEO Bill Hornbuckle floated the possibility of reopening Aria by July 4, followed … Continue reading

Posted in Boyd Gaming, Caesars Entertainment, California, CityCenter, Conventions, Current, Derek Stevens, Dining, Downtown, Economy, Election, Entertainment, Hawaii, Health, Las Vegas Sands, Law enforcement, LVCVA, Marketing, Massachusetts, MGM Resorts International, Money laundering, Resort fees, Sahara, Singapore, Sports, Sports betting, Station Casinos, Terry Caudill, The Rio, The Strip, Tourism, Tribal, TV, Virginia, Wall Street | 1 Comment

Go to the Convention Center, get a test; Station faces tough recovery

In a win for the Culinary Union, a wide swath of Las Vegas casinos have agreed to test all their employees for Coronavirus before they reopen. University Medical Center, the Culinary Health Fund and the Las Vegas Convention Center are all … Continue reading

Posted in Architecture, Boyd Gaming, Caesars Entertainment, California, Culinary Union, Dining, Economy, Health, Indiana, Jim Murren, Louisiana, LVCVA, MGM Resorts International, Mississippi, Palms, Real Estate, Sports, Sports betting, Station Casinos, Technology, Tribal | 1 Comment

Good news from MGM, Mississippi; Musk stops boring

UPDATE: It’s official. MGM Resorts International says it is abandoning parking fees once the shutdown ends. We never thought it would happen so … hallelujah! Score one for the consumer. Mississippi casinos reopen Thursday and while the current pandemic may have … Continue reading

Posted in California, Charity, Dining, Economy, Georgia, Lotteries, LVCVA, M Resort, MGM Resorts International, Mississippi, Penn National, Resort fees, Sports, Taxes, Texas, Transportation, TV | Comments Off on Good news from MGM, Mississippi; Musk stops boring

“Green shoots” in gaming; Mega-Jottings

According to the American Gaming Association, 82 of 989 casinos in the United States have reopened, many of them in Louisiana starting today. But don’t take our word for it. Use the AGA’s Coronavirus tracker, which keeps you abreast of casino … Continue reading

Posted in AGA, Alabama, Arizona, Arkansas, Atlantic City, Boyd Gaming, Caesars Entertainment, California, Conventions, Detroit, Dining, GLPI, Golden Nugget, Health, Illinois, Iowa, Louisiana, LVCVA, M Resort, Macau, Marketing, MGM Resorts International, Michigan, Mississippi, Missouri, Ohio, Oklahoma, Penn National, Politics, Resort fees, Singapore, South Dakota, Sports, Sports betting, Station Casinos, Taxes, The Strip, Tribal, Wynn Resorts | 1 Comment

Boyd doing well; What price Vegas?

Boyd Gaming posted net revenues of that were down 18% for 1Q20, reflective of mid-March casino closures. JP Morgan analyst Joseph Greff termed the results ones “that reflected relatively strong trends in the first two months of the quarter.” Since … Continue reading

Posted in Boyd Gaming, California, Churchill Downs, Cosmopolitan, Derek Stevens, Downtown, Economy, Hard Rock International, Health, Horseracing, Las Vegas Sands, LVCVA, Macau, Massachusetts, MGM Resorts International, Pennsylvania, Regulation, Resort fees, The Strip, Wall Street, Wynn Resorts | 1 Comment

Feds screw small casinos; Coronavirus detritus

Unless there’s a change in the rules in Washington, D.C., the current pandemic could cut like an economic scythe through small gaming operators and slot routes. The Small Business Administration has fallen back on a pettifogging old rule that businesses … Continue reading

Posted in AGA, Dining, Economy, George Maloof, Georgia, Health, Las Vegas Sands, LVCVA, Mississippi, Movies, Oscar Goodman, Slot routes, Sports betting, Transportation, TV | Comments Off on Feds screw small casinos; Coronavirus detritus

Crisis mode hits Las Vegas

Our country is still trying to grasp the ramifications of Coronavirus, as Broadway goes dark, Disneyland and Disneyworld are closed, The Masters and Boston Marathon are postponed, and cancellations of sporting and cultural events (here and abroad) comprise a list longer … Continue reading

Posted in Animals, Caesars Entertainment, Conventions, Dining, Donald Trump, Entertainment, Health, LVCVA, Macau, MGM Resorts International, Pets, The Strip, Tourism, Wynn Resorts | 5 Comments

Penn/Barstool deal a home run; Blatstein lightens Showboat ship

Shares of Penn National Gaming jumped 12% on news of its 36% acquisition of Barstool Sports. Penn plans to unroll a Barstool-branded line of sports books, online applications and mobile-wagering services. Barstool, in turn, will promote Penn until 2060 … … Continue reading

Posted in AGA, Atlantic City, Caesars Entertainment, Derek Stevens, Downtown, Fontainebleau, Golden Gaming, Hard Rock Hotel, Japan, Las Vegas Sands, LVCVA, Massachusetts, Maverick Gaming, MGM Resorts International, Palms, Penn National, Problem gambling, Regulation, Resorts World LV, Sports betting, Station Casinos, Steven Witkoff, Technology, The Strip, Tribal, Wall Street, Washington State, Wynn Resorts | 1 Comment

Fertitta plays Cassandra; Reach for the sky

Although Atlantic City is coming off its best month in memory, Tilman Fertitta is predicting doom and gloom. “It’s not a nine-casino market, and I don’t understand why nobody realizes that,” he told The Press of Atlantic City. “You could say the … Continue reading

Posted in Atlantic City, Boyd Gaming, Caesars Entertainment, Derek Stevens, Dining, Donald Trump, Downtown, Economy, Election, Fontainebleau, Internet gambling, Law enforcement, LVCVA, Nevada, Pahrump, Reno, Steven Witkoff, Terry Caudill, The Strip, Tilman Fertitta | 3 Comments

A Majestic idea; MGM’s Springfield angst

Anyone remember the Greek Isles? Anybody want to? Like a phoenix rising from the ashes, the Greek Isles site will midwife the $850 million Majestic Las Vegas, designed by Paul Steelman after the style of Paul Revere Williams. It will have … Continue reading

Posted in Architecture, Arizona, Caesars Entertainment, CityCenter, Connecticut, Dining, Economy, Foxwoods, LVCVA, Massachusetts, MGM Resorts International, Mohegan Sun, New York, Security, Technology, The Strip, Transportation, Wynn Resorts | 1 Comment

Station loses another; Musk wins one

Despite a Trump-appointed majority on the National Labor Relations Board, it ruled against Station Casinos, voting unanimously that the company had failed to recognize and bargain with the Culinary Union vis-a-vis the Palms. “By failing and refusing since May 17 to … Continue reading

Posted in Culinary Union, LVCVA, Palms, Station Casinos, Transportation | Comments Off on Station loses another; Musk wins one

MGM covets Caesars; Rio up for grabs … again

As Carl Icahn continues to up his stake in Caesars Entertainment, the already-tortuous saga has developed some new complexities. For one, outgoing CEO Mark Frissora has revealed he wasn’t jumped, he was pushed. “The board has stated that they would like … Continue reading

Posted in Boyd Gaming, Caesars Entertainment, Carl Icahn, e-sports, Economy, Eldorado Resorts, LVCVA, Marijuana, MGM Resorts International, New Mexico, Penn National, Pennsylvania, Regulation, Sports betting, Tilman Fertitta, Tribal, Wall Street | 2 Comments

Tunnel travel in Vegas?; Icahn raises the ante

As the Las Vegas Convention Center expands to proportions once seemingly unimaginable (two miles in length), the governing authority is looking for new methods to get conventioneers around it — especially to their parked cars. The Las Vegas Convention & … Continue reading

Posted in Arizona, Caesars Entertainment, Carl Icahn, Law enforcement, LVCVA, The Strip, Transportation | Comments Off on Tunnel travel in Vegas?; Icahn raises the ante

18 Fremont’s cover blown; Resorts World LV delayed yet again

Last week, Ryan Hess stole Derek Stevens‘ thunder, posting a stunning rendering for 18 Fremont on Twitter and linking to an EB-5 visa Web page that included more sexy pictures — six swimming pools — of the Stevens brothers’ upcoming … Continue reading

Posted in Affinity Gaming, Ameristar, Architecture, Boyd Gaming, Caesars Entertainment, Dan Gilbert, Derek Stevens, Dining, Downtown, Eldorado Resorts, Full House Resorts, Genting, Indiana, International, Isle of Capri, Lucky Dragon, LVCVA, Majestic Star, Missouri, Ohio, Penn National, Steven Witkoff, The Strip, Tribal, Wall Street, Wynn Resorts | 1 Comment