Category Archives: Lake Tahoe

Baccarat bonanza on Strip

Despite being clocked at baccarat, Las Vegas Strip casinos took in 8% more last month, a jump Wall Street is attributing to the Easter holiday and the much-anticipated Con-Agg expo. Baccarat play was 6% down and casinos won 16% less. … Continue reading

Posted in Boulder Strip, Downtown, Lake Tahoe, Laughlin, Mesquite, North Las Vegas, Reno, The Strip, Wall Street | Leave a comment

Penn gets bigger; Cool February in Nevada

Not many casino companies would double down on the Tunica market, let alone triple down. However, Penn National Gaming has an appetite for risk plus a track record of taking distressed properties and turning them around. So, in addition to … Continue reading

Posted in Boulder Strip, Colony Capital, Downtown, Harrah's, Lake Tahoe, Laughlin, Maryland, Mesquite, Mississippi, Nevada, Ohio, Penn National, Reno, The Strip, Wall Street | Leave a comment

Huge January in Nevada; Georgia nixes casinos (again)

Sinusitis had us down for the count for a few days but we’re back with a fresh serving of S&G. First off, New Year’s was boffo for Nevada (up 12%) with the Las Vegas Strip pulling in 14% more than … Continue reading

Posted in Boulder Strip, Downtown, Georgia, Internet gambling, Lake Tahoe, Laughlin, Mesquite, New York, North Las Vegas, Politics, Reno, South Carolina, Taxes, The Strip | 1 Comment

A legend passes; Packer flops in Vegas (again)

Before we get back to business, a few brief mentions. First, let us have a moment of silence for Strip icon and former Las Vegas casino owner Debbie Reynolds, victim of a fatal stroke.  Coming as it did a day … Continue reading

Posted in Boulder Strip, Downtown, Economy, Entertainment, Harrah's, history, James Packer, Lake Tahoe, Laughlin, Melco Crown Entertainment, North Las Vegas, Reno, The Strip, Uncategorized, Wall Street | 2 Comments

Strip booms in October; Trouble in Tiverton

Not even a 16.5% decline in table wagers could hold back the Las Vegas Strip last month, as gaming revenues shot up 14%, to $563 million. Statewide, casinos didn’t do so badly either, up 11%. The one-armed bandits on the … Continue reading

Posted in Boulder Strip, Downtown, Economy, Foxwoods, history, Iowa, Japan, Lake Tahoe, Laughlin, Lucky Dragon, Macau, Massachusetts, Mesquite, Mohegan Sun, Nevada, North Las Vegas, Penn National, Rhode Island, Taxes, The Strip | 1 Comment

Paris goes dark; A Bennett returns

In the first major Strip power outage in 12 years — the last was at Bellagio in 2004 — players at Paris-Las Vegas saw the entire casino resort go dark before their very eyes. Not even the auxiliary power kicked … Continue reading

Posted in Columbia Sussex, Harrah's, Hooters, International, Lake Tahoe, Paragon Gaming, Penn National, Pennsylvania, Regulation, Taxes, The Strip, Tourism, Westgate LV | Leave a comment

Strip beats the odds; DFS settlement in New York

Not even a 26% decline in baccarat wagers could put a damper on a strong September on the Las Vegas Strip. The house played lucky, experiencing only 8% less baccarat winnings. Table gaming wagering was down 9% overall — and … Continue reading

Posted in Boulder Strip, Downtown, Internet gambling, Lake Tahoe, Laughlin, New York, North Las Vegas, Reno, The Strip | 1 Comment

Live by baccarat, die by baccarat; Donald Trump, Stiff of the Century

With one less weekend this year and weak baccarat volumes, the Las Vegas Strip got hammered, down 15%. Statewide, gross gaming revenues were off by 5%. Late-July slot win that was reported in August softened the blow, contributing to a … Continue reading

Posted in Atlantic City, Boulder Strip, Boyd Gaming, California, Donald Trump, Downtown, Election, Lake Tahoe, Laughlin, Mesquite, Nevada, North Las Vegas, Penn National, Reno, Station Casinos, The Strip, Tribal, Wall Street | 1 Comment

Hot July on the Strip; Alon: Stayin’ alive

Whales returned to the Strip with a vengeance in July, with baccarat play spurring a 17% revenue increase. The month was probably even bigger but, due to a peculiarity of Nevada casino accounting, slot revenues from the last weekend of … Continue reading

Posted in Boulder Strip, California, Downtown, Entertainment, Genting, International, James Packer, Lake Tahoe, Laughlin, Marketing, Mesquite, Michael Gaughan, Nevada, North Las Vegas, Reno, Scientific Games, Sports, Technology, The Strip, Tourism, Wall Street | Leave a comment

New casinos propel Iowa; Cal Neva goes bankrupt

We don’t report Iowa casino results very much, partly because the market overwhelmingly consists of small casinos with grosses to match. Given their modest grosses, a minor fluctuation can be magnified. Even so, last month’s 5% bounce is worth discussing. … Continue reading

Posted in Ameristar, Boyd Gaming, Dan Gilbert, Eldorado Resorts, Election, Harrah's, Iowa, Isle of Capri, Lake Tahoe, Massachusetts, Ohio, Penn National, Pinnacle Entertainment, Reno, Scientific Games, Wall Street, Warner Gaming | Leave a comment

June in Vegas: The house won; Wynn gets spanked in Macao

While a 10% increase in June gambling revenues on the Las Vegas Strip fell short of some Wall Street analysts’ projections, it was a healthy month nevertheless. Slot winnings were up 10% ($253 million) on only 1% higher coin-in. Luck … Continue reading

Posted in Architecture, Boulder Strip, Downtown, Economy, Lake Tahoe, Laughlin, Macau, Nevada, North Las Vegas, Regulation, Reno, Steve Wynn, The Strip, Wall Street | Leave a comment

Acrimony grows at Taj; Racism in Nebraska election race

As protests against Carl Icahn spilled over into New York City, his casino CEO, Anthony Rodio, sent ominously mixed signals about the future of Trump Taj Mahal. On the one hand, he offered a partial restoration of health benefits and … Continue reading

Posted in Atlantic City, Boyd Gaming, Carl Icahn, Donald Trump, Entertainment, Galaxy Entertainment, Iowa, Lake Tahoe, Macau, MGM Mirage, Minnesota, Nebraska, Racinos, Regulation, Tribal, Tropicana Entertainment, Unite-Here | Leave a comment

Vegas: Weak on Strip, robust in locals play

One less weekend and a tough comparison with last year’s Mayweather-Pacquiao charade translated into a weak May for both the Las Vegas Strip, down 12%, and Nevada casinos in general, 4.5% off the pace. There were some sort of bright … Continue reading

Posted in Boulder Strip, Boyd Gaming, Downtown, Internet gambling, Lake Tahoe, Laughlin, Macau, Nevada, North Las Vegas, Pansy Ho, Pennsylvania, Reno, Sheldon Adelson, Stanley Ho, Station Casinos, The Strip, Wall Street | Leave a comment

Lean April in Las Vegas; Boyd stands pat

April saw mixed fortunes the Las Vegas Strip. Although overall gambling revenue was only up 1.5%, winning percentages tended to favor the house by considerable amounts. For instance, although baccarat players wagered 21% more but house win was up 10%. “While … Continue reading

Posted in Atlantic City, Boyd Gaming, California, Downtown, Economy, Election, Lake Tahoe, Laughlin, Law enforcement, North Las Vegas, Reno, Sports, The Strip, Wall Street | Leave a comment

Strip disappoints in March; Genting pulls out of Macao

Just when Wall Street expected levels of revenue on the Las Vegas Strip to rise in March, business did a head-fake and dropped 4%. Again, “the Easter shift” is being blamed but stock analysts should have seen that coming. (A … Continue reading

Posted in Boulder Strip, Downtown, Economy, Genting, Internet gambling, Lake Tahoe, Laughlin, Macau, North Las Vegas, Regulation, Reno, Singapore, Stanley Ho, Taxes, The Strip, Tourism, Tropicana Entertainment, Unite-Here, Wall Street | Leave a comment

Strong month for the Strip; Tohono O’odham win big-time

February gaming revenues were 8% higher in Nevada (to $990 million), with a 7% increase on the Las Vegas Strip. Locals-casino revenue rose 11%, driven in part by 4% more coin-in and 8% greater table play. Slot revenue on the … Continue reading

Posted in Arizona, Boulder Strip, California, Downtown, Economy, Lake Tahoe, Laughlin, Macau, North Las Vegas, Politics, Reno, Steve Wynn, The Strip, Tourism, Transportation, Tribal | 1 Comment

Trump plotting Vegas comeback; Mohegan Sun gains Korean foothold

Even after his improbable spate of electoral successes, you have to wonder if Donald Trump is serious about running for president. His attention is already wandering to a market where the art of the deal has not panned out for … Continue reading

Posted in Boulder Strip, Donald Trump, Downtown, Entertainment, Lake Tahoe, Laughlin, Mohegan Sun, North Las Vegas, Phil Ruffin, Reno, South Korea, The Strip, Wall Street | 1 Comment

Strip’s illusory Christmas present; A.C. Trop antes up

Las Vegas Strip gaming revenues were up 8% last month but Deutsche Bank analyst Carlo Santarelli is calling that headline “misleading,” the increase “purely optical.” Volume of table play was down 11% and slot coin-in was 2% less. But increased … Continue reading

Posted in Atlantic City, Boulder Strip, Boyd Gaming, Downtown, Economy, Greenwood Racing, Harrah's, Internet gambling, Lake Tahoe, Laughlin, Macau, MGM Mirage, Mohegan Sun, Neil Bluhm, Nevada, North Las Vegas, Penn National, Pennsylvania, Reno, Sheldon Adelson, Technology, The Strip, Tropicana Entertainment, Wall Street | Leave a comment

New York blesses three casinos; Sinatra hangout resurrected

Not a discouraging word was to be heard as the New York State Gaming Commission unanimously approved licenses for three casinos in various upstate market. (Tioga Downs‘ turn comes later, as it was delayed entrant to the process.) This removes … Continue reading

Posted in Architecture, Genting, history, Lake Tahoe, Neil Bluhm, New York, Regulation, Taxes | 1 Comment

All Adelson, all the time; Full House on the move

(Update: The Adelson-influenced meddling has already begun.) Now that Sheldon Adelson owns the Las Vegas Review-Journal, the paper’s prime topic of coverage has become … itself. There’s no shortage of entrail-reading, as pundits try to parse the casino mogul’s intentions. … Continue reading

Posted in Colorado, Dan Lee, Harrah's, Harry Reid, Internet gambling, Lake Tahoe, Macau, MGM Mirage, Politics, Sheldon Adelson, Steve Wynn | 1 Comment