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Category Archives: Bally Technologies
Frissora postpones departure; Oscar forecast
That game of musical chairs known as industry consolidation has left a lot of fine ladies and gentlemen standing when the melody stopped, included Anthony Sanfilippo, a favorite of ours. However, Caesars Entertainment apparently hasn’t heard of any of these … Continue reading
Posted in Aristocrat, Bally Technologies, Boyd Gaming, Caesars Entertainment, Eldorado Resorts, Illinois, Movies, Penn National, Rush Street Gaming, Scientific Games, Shuffle Master, Sports betting, Technology
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Missouri becalmed; Scientific smackdown
One less weekend day was costly to Missouri casinos in July, when their revenue declined 2% to $150.5 million. The Kansas City market had the worst of it, off nearly 4%. Slot revenues ($128.5 million) were down 2% and table … Continue reading
Posted in Ameristar, Bally Technologies, Caesars Entertainment, Downtown, Elaine Wynn, Eldorado Resorts, history, Isle of Capri, Massachusetts, Missouri, Penn National, Pinnacle Entertainment, Regulation, Scientific Games, Shuffle Master, Technology, Tropicana Entertainment, Wynn Resorts
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April is the kindest month
Gaming grosses were up 5% on the Las Vegas Strip last month and locals casinos did spectacularly well, seeing a 14% increase. The statistics are even more impressive when you take into account one less weekend day than in 2017 … Continue reading
Posted in Bally Technologies, Boulder Strip, Downtown, Lake Tahoe, Laughlin, Mesquite, North Las Vegas, Regulation, Reno, Taxes, The Strip, Tribal
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Freeman hearts Atlantic City; Big win for Martinez
American Gaming Association President Geoff Freeman gave Atlantic City the thumbs-up this week, pointing to the reinvention of Trump Taj Mahal as Hard Rock Atlantic City and to the as-yet-undisclosed joint venture between Caesars Entertainment and MGM Resorts International. He … Continue reading
Posted in Atlantic City, Bally Technologies, Detroit, Dining, e-sports, Eldorado Resorts, Florida, Geoff Freeman, Glenn Straub, Hard Rock International, Harrah's, Internet gambling, Isle of Capri, MGM Mirage, Politics, Revel, Seminole Tribe, Taxes, Tribal
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Isaacs moves on; 50 years of Laughlin
Gavin Isaacs will be taking it easy, the CEO of Scientific Games is moving up to vice chairman, his CEO’s chair to be filled by former Norwegian Cruise Line executive Kevin M. Sheehan. If anybody’s earned the right to take … Continue reading
Posted in Aristocrat, Australia, Bally Technologies, Boyd Gaming, Cannery Casino Resorts, Harrah's, history, Illinois, Laughlin, Macau, Melco Crown Entertainment, North Las Vegas, Philippines, Scientific Games, Sheldon Adelson, Shuffle Master, Slot routes, Steve Wynn
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Phua case collapses; Bwin wooed ardently
Well, that’s it. With the exclusion of evidence gathered from all three Caesars Palace VIP villas used by Paul Phua, the federal government’s case against the poker pro collapses ignominiously. U.S. District Judge Andrew Gordon had already tossed all the … Continue reading
Posted in Bally Technologies, Harrah's, International, Internet gambling, Massachusetts, Penn National, Problem gambling, Racinos, Regulation, Scientific Games, Shuffle Master, Sports, Uncategorized, WMS Industries
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Honeymoon over in Atlantic City; Resistance in Connecticut
All the gains Atlantic City casinos had been making from the downsizing of the market came to an abrupt end last month. Gambling revenues dove 16% and same-store revenues fell 2% (yes, even the Borgata‘s). Luck simply was not on … Continue reading
Bigamy in New York; Bluster in New Jersey
Empire Resorts‘ Montreign Resort Casino project has two things in common with Rivers Casino & Resort and Lago Resort & Casino (well, three if you count the fact that none has been built yet). All were chosen from among 16 … Continue reading
Hoosier State comeback; Surprise contenders in Ohio
In light of all the gaming growth being experienced in Ohio, results in Indiana are not quite as roseate as in Illinois or Missouri, say. But they’re beating analyst expectations by impressive margins. Crunching the numbers, Deutsche Bank‘s Carlo Santarelli … Continue reading
Golden, Scientific on the move
Golden Gaming continues to absorb its competitors. Its latest acquisition is Lakes Entertainment, one of the most venerable names in Midwestern gambling. Golden will pay a 37% premium to purchase Lakes at $9.57 a share. While 64% of shareholders will … Continue reading
Posted in Bally Technologies, Golden Gaming, Horseracing, IGT, Kentucky, Maryland, Ohio, Scientific Games, Slot routes, Technology, Wall Street, WMS Industries
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Feeling squeezed in Delaware, Indiana
No two ways about it, Delaware‘s racinos are failing. However, they have an ambitious plan to reverse that … providing the state is cooperative. One of the reasons the tracks are struggling is an onerous 40% tax rate on table … Continue reading
Posted in Bally Technologies, Delaware, Economy, Maryland, Ohio, Politics, Racinos, Scientific Games, Technology, Tribal
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Packer’s complaint; Bally bloodbath
James Packer‘s run of bad luck has crossed the Pacific Ocean and infected his Australian casinos. Faced with soft numbers at Crown Resorts, he blamed players, exclaiming, “The punters are killing us!” Packer was also put on the defensive by … Continue reading
Posted in Architecture, Bally Technologies, Economy, International, James Packer, Sam Nazarian, Scientific Games, The Strip, Wall Street, Westgate LV
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Caesars wins times two
Congratulations are in order twice over for Caesars Entertainment. The company is towering over its competitors in the social-gaming sphere, according to Eilers Research. While Zynga still rules Facebook and DoubleDown Casino has thrown a lifeline to International Game Technology, … Continue reading
Posted in Bally Technologies, Detroit, Entertainment, Environment, Harrah's, IGT, Internet gambling, Maryland, MGM Mirage, World Series of Poker
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Cornrows and casinos
Those who argue that Iowa is saturated with casinos found plentiful ammunition in the latest set of revenue numbers from the state. True, Hard Rock Sioux City is doing far better than its predecessor, Argosy Sioux City. Also, Harrah’s Council … Continue reading
Posted in Affinity Gaming, Ameristar, Bally Technologies, Boyd Gaming, G2E, Harrah's, Isle of Capri, Penn National, Pinnacle Entertainment, Warner Gaming
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VLTs come to Texas; Slots inundate Illinois; Gomes honored
Casino gambling has finally got its foot in the door of Texas (not counting a pair of tribal casinos on the Mexican border). Late last month, the Texas Racing Commission voted overwhelmingly to approve “historical racing” VLTs at Texas tracks, effective … Continue reading
Posted in Bally Technologies, Charity, Dennis Gomes, Economy, Illinois, Racinos, Regulation, Slot routes, Technology, Texas
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Cycle of futility; Hard luck in Indian Country
As the casino industry braces itself for Global Gaming Expo, this could hardly be a worse moment to be hawking slot machines. Not only is it undergoing a painful contraction but new markets (like Boston and Washington, D.C.) are a … Continue reading
Posted in Atlantic City, Bally Technologies, California, Economy, G2E, Harrah's, IGT, Maryland, Massachusetts, Mississippi, Revel, Scientific Games, Station Casinos, Tribal, Trump Entertainment Resorts
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Case Bets
Any fears of antitrust litigation in the Scientific Games/Bally Technologies merger were put to rest yesterday when the two companies announced they had cleared the Hart-Scott-Rodino Antitrust Improvements Act waiting period ahead of schedule. This is hardly equal to leaping the … Continue reading
Posted in Bally Technologies, Genting, Harrah's, Japan, Macau, Melco Crown Entertainment, Ohio, Regulation, Riviera, Scientific Games, Sheldon Adelson, Singapore, TV
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When titans wed; Cupidity at Revel
Just when you thought the manufacturing sector had engaged in enough consolidation that it would take a pause to pay down debt (or at least burp) comes a mega-consolidation. International Game Technology‘s two biggest rivals will become one. Ronald Perelman‘s … Continue reading
Posted in Atlantic City, Bally Technologies, Cretins, GTECH, IGT, Regulation, Revel, Shuffle Master, Wall Street, WMS Industries
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