Category Archives: Boulder Strip

Freeman: Sports betting is coming; Second thoughts on Paradise Park

It could be a case of wishing that legalization of sports betting will make it so. Or maybe Geoff Freeman is privy to intelligence that he’s not shared with the rest of us. Either way, he thinks a sports-betting repeal … Continue reading

Posted in Atlantic City, Boulder Strip, Carl Icahn, Dining, Donald Trump, Geoff Freeman, Goldman Sachs, history, Laughlin, Politics, Sports, Steve Wynn, Technology, The Strip, Transportation, Tropicana Entertainment | Leave a comment

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

Adelson out of stadium deal; Tepid December on Strip

It didn’t take long for Sandoval’s Folly, the mooted [your city here] Raiders stadium to blow up in the governor’s face. With characteristic irascibility, Las Vegas Sands CEO Sheldon Adelson withdrew from the project, taking his $650 million with him. … Continue reading

Posted in Boulder Strip, Cordish Co., Cretins, Downtown, Economy, Foxwoods, GLPI, Harrah's, Horseracing, Japan, Laughlin, Maryland, MGM Mirage, Mohegan Sun, Nevada, North Las Vegas, Penn National, Politics, Regulation, Reno, Sheldon Adelson, Sports, The Strip, Tribal, Virginia, Wall Street, West Virginia | Leave a 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

Ducey: Let’s make a deal; Trump = legal sports betting?

It looks like the State of Arizona may be ready to throw in the towel in its losing fight against the Tohono O’odham Nation over its Desert Diamond casino. Gov. Doug Ducey (R) has inked a new compact with 10 … Continue reading

Posted in Aristocrat, Arizona, Boulder Strip, Donald Trump, Geoff Freeman, IGT, Lucky Dragon, Marketing, Politics, Regulation, SLS Las Vegas, The Strip, Tourism, Tribal | Leave a comment

Atlantic City rescue rejected; Klondike lives!

A New Jersey takeover of Atlantic City seems all but inevitable. Although Mayor Don Guardian (R) is vowing to “fight this until we cannot fight any longer,” the state has tentatively rejected his bailout plan for the city. The kibosh … Continue reading

Posted in Atlantic City, Boulder Strip, International, Marketing, Regulation, Sheldon Adelson | 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

Penn: The wait is over; Scientific strikes again

On Oct. 10, the same day that Trump Taj Mahal is scheduled to close, Penn National Gaming will open the long-deferred Hollywood Casino Jamul (federal approvals had been holding it up). In celebration, Penn is announcing that relief of the … Continue reading

Posted in Boulder Strip, California, Downtown, Georgia, Minnesota, Ohio, Penn National, Pennsylvania, Pinnacle Entertainment, Scientific Games, Tribal, Wall Street | Leave a 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

Big Gaming meets the Street

Deutsche Bank analyst Carlo Santarelli has been in town and conducting a busy schedule of meetings. Pride of place must go to Wynn Resorts, which declared the opening of Wynn Palace “very clean,” with “solid” VIP business. Hotel occupancy is … Continue reading

Posted in Atlantic City, Boulder Strip, Boyd Gaming, California, Cannery Casino Resorts, Culinary Union, Economy, Glenn Straub, GLPI, Illinois, Louisiana, Macau, Marketing, Massachusetts, MGM Mirage, Mississippi, Missouri, North Las Vegas, Pinnacle Entertainment, Reno, Revel, Sheldon Adelson, Slot routes, Station Casinos, Steve Wynn, The Strip, Tribal, Wall Street | Leave a 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

Stratosphere bucks consumer trend; New way to bet coming to Nevada

Better slot play, stronger restaurant business and greater hotel occupancy (which drove up rates) conspired to improve American Casino & Entertainment Properties‘ revenue and profitability in 2Q16. Net revenue — i.e., not profit — is on a 10-month upward roll, … Continue reading

Posted in ACEP, Animals, Boulder Strip, Laughlin, MGM Mirage, Pennsylvania, PokerStars, Regulation, Sheldon Adelson, Sports, Technology, The Strip, Tourism | Leave a comment

Station tries to shed excess baggage; Steve Wynn’s big ape

Back in 2004, when euphoria ran high in the casino industry, Station Casinos got carried away and spent nearly $34 million on the dilapidated Castaways, at the north end of the Boulder Strip. Despite commissioning a design from Ed Vance for … Continue reading

Posted in Boulder Strip, Boyd Gaming, Entertainment, history, Illinois, MGM Mirage, Penn National, Slot routes, Sports, Station Casinos, Steve Wynn, The Strip | 1 Comment

Nevada’s oldest casino turns 85; Flynt doubles down on Lucky Lady

Contrary to the impression of many, yours truly included, the oldest operating casino in Nevada isn’t the Golden Gate but the 85-year-old Railroad Pass, just outside of Boulder City. It even still has its original vault. New owner Joe DeSimone … Continue reading

Posted in Australia, Boulder Strip, California, Entertainment, Galaxy Entertainment, history, International, Macau, Marketing, MGM Mirage, Technology, The Strip | Leave a comment

Land of the Rising Hopes; Delaware racinos struggle

It will take a constitutional amendment to make it happen but casinos could be back on the political agenda in Japan. In a promising development, he strengthened his position in the Diet, apparently freeing his Liberal Democratic Party from its … Continue reading

Posted in Boulder Strip, Delaware, Florida, Japan, Kazuo Okada, Macau, Marketing, MGM Mirage, Mohegan Sun, Politics, Steve Wynn, Taxes, Tribal, Wall Street | 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

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