Category Archives: Lake Tahoe

Vegas Strip bullish, locals more bearish; Penn plummets

Nevada enjoyed a $1.1 billion gambling-revenue month in April, an 8.5% increase over last year. Powering this was the Strip with $593.5 million, a 23% improvement. Downtown, by contrast, suffered a setback, down 11% to $67 million. Utahns must have … Continue reading

Posted in Bally, Barstool Sports, Boulder Strip, Boyd Gaming, Caesars Entertainment, Chicago, China, CityCenter, Cosmopolitan, Cretins, Culinary Union, Downtown, Economy, Entertainment, Fontainebleau, Hard Rock International, Health, IGT, Lake Tahoe, Las Vegas Sands, Laughlin, Macau, Marketing, Mesquite, MGM Resorts International, Nevada, New York, North Las Vegas, Palms, Penn National, Reno, Resorts World LV, Rhode Island, Station Casinos, The Rio, The Strip, Tourism, Unite-Here, Wall Street, Wendover, Wynn Resorts | 2 Comments

Windy City shakedown; Strip explodes, Palms reborn

$75 million or else. That’s extortionate Chicago Mayor Lori Lightfoot‘s latest demand of casino applicants. If you win the bid, fork over the cash. Her Dishonor might settle for ‘only’ $40 million on the barrelhead, followed up by a $2 … Continue reading

Posted in Bally, Boulder Strip, Boyd Gaming, Chicago, China, Downtown, Florida, Hard Rock International, Health, International, Lake Tahoe, Las Vegas Sands, Laughlin, Macau, Mesquite, Nevada, New York, North Las Vegas, Palms, Politics, Regulation, Reno, Rush Street Gaming, San Manuel Band of Mission Indians, Singapore, Station Casinos, Taxes, Texas, The Strip, Tourism, Wall Street, Wendover | 1 Comment

Baccarat constrains Strip; Sports betting tsunami ahead

Withered baccarat numbers meant that the Las Vegas Strip had a muted February, only a percentage point above 2019. Players dropped $599 million (-44.5%) of which the house won just $62 million (-52%). That offset a bonny month at the … Continue reading

Posted in Boulder Strip, Caesars Entertainment, California, Colorado, Downtown, DraftKings, FanDuel, Indiana, Lake Tahoe, Laughlin, Marketing, Mesquite, North Carolina, Palms, Reno, Sports, Sports betting, Station Casinos, Taxes, The Strip, Tourism, Transportation, Tribal, Wendover | Comments Off on Baccarat constrains Strip; Sports betting tsunami ahead

Mega-January on the Strip; Much ado about Caesars

January’s Nevada gambling-revenue numbers are out and the Silver State topped $1 billion yet again, a 41.5% boost over last year. However, some jurisdictions manifested slight declines, a sign that casino activity may be “normalizing” after a heated 2021. To … Continue reading

Posted in Animals, Arizona, Atlantic City, Bally, Baseball, Boulder Strip, Caesars Entertainment, Churchill Downs, Conventions, Dining, Downtown, Genting, Health, Internet gambling, Lake Tahoe, Laughlin, Louisiana, Marketing, Mesquite, Nevada, New Jersey, New York, North Las Vegas, Peninsula Pacific, Pennsylvania, Planet Hollywood, Politics, Reno, Singapore, Sports, Sports betting, Texas, The Strip, Tourism, Tribal, Wall Street, Wendover, Wisconsin | 2 Comments

Doldrums in Macao; “Love” in jeopardy; Mega-Jottings

There’s an Eeyore sweatshirt that says, “Could be worse. Not sure how, but it could be.” That pretty much sums up the situation in Macao, which finished 2021 44% ahead of 2020 when it comes to gambling revenue … but … Continue reading

Posted in Arizona, Atlantic City, Cirque du Soleil, Colorado, Cordish Co., Economy, Florida, Galaxy Entertainment, GLPI, Health, IGT, International, Lake Tahoe, Las Vegas Raiders, Las Vegas Sands, Laughlin, Law enforcement, Macau, Maryland, Melco Resorts & Entertainment, MGM Resorts International, North Carolina, Politics, Real Estate, Regulation, Sports betting, Taxes, Tribal, Wall Street, Washington State, Wynn Resorts | Comments Off on Doldrums in Macao; “Love” in jeopardy; Mega-Jottings

Las Vegas explodes

But in a good way. Despite having one less weekend in which to gamble than in 2019, gaming revenues were off the charts last November. The Las Vegas Strip vaulted 46% to $755 million and locals revenues, expected to level … Continue reading

Posted in Boulder Strip, Downtown, Lake Tahoe, Laughlin, Reno, The Strip, Tourism, Transportation | 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

Strip sizzles, locals thriftier; Penn’s pride and joy

While tourists were more open-handed than ever, cash flow among Las Vegas locals may be drying up, as win/day fell 11% from September. By contrast, the same metric from the Las Vegas Strip was +6%. Further tipping the scales against … Continue reading

Posted in Barstool Sports, Boulder Strip, California, Cretins, Downtown, Economy, Lake Tahoe, Laughlin, Nevada, New York, North Las Vegas, Penn National, Reno, Sports betting, The Strip, Tourism, Transportation, Wendover | 1 Comment

New York picks winners, losers; Ohio, even Illinois flex muscles

In hopes of having online sports betting operational in time for the Super Bowl, Empire State gaming regulators announced their picks for the state’s nine OSB license applications late yesterday. Winners were BetMGM (just as Bill Hornbuckle predicted), DraftKings, FanDuel, … Continue reading

Posted in Bally, Barstool Sports, BetMGM, Boyd Gaming, Caesars Entertainment, Churchill Downs, Cordish Co., Delaware, DFS, DraftKings, Economy, Environment, Failsinos, FanDuel, FoxBet, Foxwoods, Full House Resorts, Genting, Golden Gaming, Hard Rock International, Illinois, International, Jack Entertainment, Lake Tahoe, Maryland, MGM Resorts International, Mississippi, Missouri, Mohegan Sun, New York, Ohio, Penn National, PointsBet, Racinos, Rush Street Gaming, Sports betting, Taxes, Technology, West Virginia, Wynn Resorts | 2 Comments

MGM to sell Mirage; Caesars disappoints Wall Street

At a time when the north Las Vegas Strip is finally heating up, MGM Resorts International has chosen this moment to put The Mirage on the market. Although it’s 32 years old (224 in dog years), The Mirage should fetch … Continue reading

Posted in BetMGM, Boyd Gaming, Conventions, Cosmopolitan, Economy, Election, Hard Rock International, Health, Internet gambling, Jim Murren, Lake Tahoe, Louisiana, Macau, Marketing, MGM Resorts International, New Jersey, New York, Palms, Penn National, Phil Ruffin, Planet Hollywood, San Manuel Band of Mission Indians, Sports betting, The Strip, Vici Properties, Wall Street | 2 Comments

Baccarat cools Las Vegas a bit; Boyd sets records; Reno bans whips

Stimulus cash may be petering out somewhat and international tourism has yet to open the floodgates, so September found Nevada on something of a cusp between the supercharged recovery of the summer and the hoped-for travel rebound in 4Q21. Still, … Continue reading

Posted in Atlantic City, Boulder Strip, Boyd Gaming, California, Conventions, Culinary Union, Downtown, FanDuel, Hawaii, Health, Internet gambling, Lake Tahoe, Laughlin, Law enforcement, Louisiana, Marketing, Nevada, New Jersey, North Las Vegas, Pennsylvania, PointsBet, Politics, Reno, Sports betting, The Strip, Tribal, TV, Wall Street | Comments Off on Baccarat cools Las Vegas a bit; Boyd sets records; Reno bans whips

Biden wades into Florida swamp; New eras at Palms, Ocean

Intentionally or not, President Joe Biden (D) has done Florida Gov. Ron DeSantis (R) a solid. He wants the federal judiciary to dismiss litigation that would invalidate DeSantis’ controversial compact with the Seminole Tribe. As amusing as the spectacle of … Continue reading

Posted in Aristocrat, Atlantic City, Australia, Baseball, Boyd Gaming, Caesars Entertainment, Connecticut, Economy, Environment, Florida, Full House Resorts, Hard Rock International, Health, Illinois, Illitch Family, Lake Tahoe, Las Vegas Sands, LVCVA, Marketing, MGM Resorts International, Money laundering, Nevada, North Las Vegas, Ocean Resort, Palms, Regulation, Reno, San Manuel Band of Mission Indians, Seminole Tribe, Sports betting, Star Entertainment, Station Casinos, Technology, The Strip, Tribal, Wynn Resorts | Comments Off on Biden wades into Florida swamp; New eras at Palms, Ocean

Encore dominates Massachusetts; Penn touted; Fontainebleau jilted

Gaming revenues in Massachusetts were up 10% from September 2019, reaching $89 million. The lion’s share (65%) went to Encore Boston Harbor, leaping 17.5% to $57.5 million—$7 million more than Deutsche Bank analyst Carlo Santarelli expected. (Encore also disclosed some … Continue reading

Posted in Animals, Barstool Sports, BetMGM, Caesars Entertainment, Detroit, DraftKings, Economy, Entertainment, FanDuel, Fontainebleau, FoxBet, Golden Nugget, Health, Internet gambling, Lake Tahoe, Marketing, Massachusetts, MGM Resorts International, Michigan, Mohegan Sun, Ocean Resort, Penn National, Pennsylvania, Rush Street Gaming, Singapore, Sports, Sports betting, Steven Witkoff, The Strip, TV, Wall Street, Wynn Resorts | 1 Comment

Disaster at Ocean; Ready when you are, CB; Gruden gone

In a development that portends nothing but ill for Atlantic City, the CEO of Ocean Casino Resort, Terry Glebocki has resigned. She also leaves the Casino Association of New Jersey rudderless, no doubt to be replaced in both roles by … Continue reading

Posted in Architecture, Atlantic City, Australia, China, Cretins, Crown Resorts, Lake Tahoe, Las Vegas Raiders, LVCVA, Money laundering, Ocean Resort, Real Estate, Riviera, Sports, Star Entertainment, Station Casinos | 3 Comments

Strip sizzles in August

Casinos on the Las Vegas Strip grossed $626 million last month, 20% better than August 2019. Statewide, the jump was 22% to $1.65 billion but the real overachievers were locals casinos, leaping 41% (to $250 million) with a little help … Continue reading

Posted in Atlantic City, Boulder Strip, Century Casinos, Cretins, Dining, Downtown, G2E, Genting, Hard Rock International, Health, history, Indiana, International, Lake Tahoe, Laughlin, Macau, MGM Resorts International, Missouri, North Las Vegas, Palms, Reno, Sports, Sports betting, Technology, The Strip, Transportation, Tribal, Wendover | 5 Comments

Illinois, how could you?; 888 is Caesars’ lucky number

Count on Illinois to disappoint in an otherwise balmy August. True, it grossed a not-shabby $108 million but it was 8.5% down from 2o19, as business slipped 10% from July’s level. (We don’t want to say the gaming recovery is … Continue reading

Posted in Bally, Barstool Sports, Baseball, Boyd Gaming, Caesars Entertainment, Churchill Downs, CityCenter, Cretins, DraftKings, Dubai, FanDuel, Harry Reid, Illinois, International, Lake Tahoe, MGM Resorts International, Paragon Gaming, Penn National, PointsBet, Rush Street Gaming, Sports, Sports betting, William Hill | 2 Comments

FanDuel gets up all up in your grille; Tahoe casinos: Fire? What fire?

What will sports-betting advertising be like once football season starts? Our prediction is for overkill, followed by backlash. As though to prove our point, FanDuel is unleashing a national ad blitz with a minute-long TV spot called “Anthem.” It’s so … Continue reading

Posted in AGA, Arizona, Atlantic City, Bally, BetMGM, Caesars Entertainment, California, DraftKings, Election, FanDuel, Florida, G2E, Health, International, Lake Tahoe, Marketing, Mississippi, North Carolina, Paragon Gaming, PointsBet, Politics, Seminole Tribe, Slot routes, Sports, Sports betting, Tribal, TV, William Hill | 1 Comment

Bargains galore at Caesars; Station savages Culinary; Mega-Jottings

Caesars Entertainment is holding a fare sale across its non-Las Vegas properties, a possible signal that the stimulus-fueled recovery may be cooling (in economics, what goes up must come down). In Atlantic City you have your choice of such starting … Continue reading

Posted in Animals, Arizona, Atlantic City, Barstool Sports, Boyd Gaming, Caesars Entertainment, Culinary Union, Dining, Downtown, Health, Indiana, International, Iowa, Lake Tahoe, Laughlin, Louisiana, Marketing, Mississippi, Missouri, New Jersey, New York, North Carolina, Palms, Peninsula Pacific, Reno, Sports, Sports betting, Station Casinos, Tribal, World Series of Poker | 2 Comments

MGM does the right thing; Killer chipmunks in Lake Tahoe

In a very george move, MGM Resorts International is donating two acres of Strip land to be the site of a memorial to the victims of the Mandalay Bay Massacre. The acreage, at the corner of Reno Avenue and Giles … Continue reading

Posted in Australia, Bally, Baseball, Caesars Entertainment, Charity, Crown Resorts, Dining, Economy, GLPI, Health, Iowa, Lake Tahoe, Las Vegas Sands, Macau, Mandalay Bay Massacre, MGM Resorts International, Minnesota, North Carolina, Sociedade de Jogos de Macau, Sports betting, Taxes, The Strip, Tribal, Virginia, Wall Street, Wynn Resorts | 1 Comment

Masks back on, Las Vegas!; All’s right with the REITs

Mincing few words, MGM Resorts International CEO Bill Hornbuckle sent a letter to all employees, urging them to quit dithering and get their Covid-19 vaccinations, if they haven’t already. He pleaded, “In addition to the heart-wrenching thought of more illness … Continue reading

Posted in Bally, BetMGM, Boulder Strip, Boyd Gaming, Caesars Entertainment, Charity, Churchill Downs, Conventions, Delaware, Derek Stevens, Dining, Economy, GLPI, Health, history, Indiana, Kentucky, Lake Tahoe, Las Vegas Sands, Laughlin, Maryland, MGM Resorts International, Mississippi, Nevada, North Las Vegas, Penn National, Real Estate, Resorts World LV, Singapore, Sports betting, The Strip, Tribal, Wall Street | 3 Comments