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Category Archives: Boulder Strip
Strip carries Nevada; Atlantic City casinos play chicken
Nevada gambling revenues continued to climb in May, up 6% from last year, hitting $1.3 billion. The results were bifurcated, with tourist-dominated markets up and locals ones somewhat down. The Las Vegas Strip was the most obvious beneficiary, jumping 11.5% … Continue reading
Posted in Animals, Bally, Boulder Strip, Caesars Entertainment, California, Card rooms, Chicago, Churchill Downs, Downtown, Economy, Georgia, GLPI, Golden Nugget, Hard Rock International, Horseracing, Lake Tahoe, Laughlin, Law enforcement, Maryland, Mesquite, MGM Resorts International, Mississippi, Mohegan Sun, Money laundering, Nevada, North Las Vegas, Ocean Resort, Real Estate, Regulation, Reno, Rhode Island, Sports betting, The Strip, Unite-Here, Wendover
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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
Chicago tips its hand; Wynn loses; Thunder Down Under
Would somebody clue in Chicago Mayor Lori Lightfoot (D) that Neil Bluhm‘s Rush Street Gaming is no longer the majority owner of Rivers Casino Des Plaines? That honor goes to Churchill Downs. But Lightfoot is using Des Plaines as a … Continue reading
Posted in ABBA, Animals, Architecture, Australia, Bally, Boulder Strip, Caesars Entertainment, California, Chicago, Crown Resorts, Entertainment, Environment, Hard Rock International, Health, Indiana, International, Internet gambling, Japan, Law enforcement, Macau, Marijuana, MGM Resorts International, Michigan, Money laundering, Neil Bluhm, New York, Regulation, Rush Street Gaming, Sexual misconduct, Sports, Sports betting, Star Entertainment, Steve Wynn, Technology, The Strip, Tribal, Wynn Resorts
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
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Barley’s leaves a bad taste; Woe is Star; Mega-Jottings
When a casino is named Barley’s Brewing Co. you’d expect to get a decent glass of suds there. Not so. Las Vegan Lon Enwright is $8 million richer—but physically damaged beyond price—after being served cleaning fluids instead of beer (the … Continue reading
Posted in Australia, Baseball, Boulder Strip, Charity, China, Conventions, Crown Resorts, Derek Stevens, history, Japan, Kentucky, Massachusetts, MGM Resorts International, Missouri, Money laundering, Movies, New Jersey, Politics, Regulation, Resorts World LV, Singapore, Sports, Sports betting, Star Entertainment, Station Casinos, Tourism, Transportation, Tribal, Wall Street, Wisconsin
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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
Horseshoe returns to Vegas; LV Sands thinks big
In the year’s worst-kept secret (or least surprising news story), Caesars Entertainment is finally rebranding Bally’s Las Vegas as the Horseshoe to end all Horseshoes. We were all over the story yesterday, in case you want the full monty. A … Continue reading
Posted in Architecture, Bally, Boulder Strip, Caesars Entertainment, Downtown, DraftKings, Election, FanDuel, Florida, Illinois, Indiana, Internet gambling, Iowa, Las Vegas Sands, Laughlin, Macau, Massachusetts, Nevada, New York, North Las Vegas, Politics, Reno, Seminole Tribe, Singapore, Sports betting, Texas, The Strip, Tourism, Wall Street
1 Comment
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
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
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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 springs to life while Ohio erupts; Mohegan Sun jilted twice over
Stop the presses! Illinois casinos actually outperformed 2019 last month by 4%. That’s downright miraculous. They grossed $120 million, led by Rivers Casino Des Plaines‘ $47.5 million, a 28% vault. Harrah’s Joliet was a distant second with $14.5 million (-1%), … Continue reading
Posted in AGA, Arizona, Arkansas, Bally, BetMGM, Boulder Strip, Boyd Gaming, Caesars Entertainment, Century Casinos, Churchill Downs, DraftKings, G2E, Genting, Greenwood Racing, Hard Rock International, Health, Illinois, Internet gambling, Jack Entertainment, Japan, MGM Resorts International, Michigan, Missouri, Mohegan Sun, New Jersey, New York, Ohio, Penn National, Sports betting, Steve Wynn, The Rio, The Strip, Tribal, Wynn Resorts
4 Comments
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
Boyd beats The Street but charts cautious course
“Massive beat” and “exceptional” results were some of the terms being bandied about after yesterday’s Boyd Gaming 2Q21 earnings call. Wall Street expected $803 million in revenue and Boyd delivered $896.5 million, while profit margins at its Las Vegas locals … Continue reading
Merry month of May in Las Vegas; Beehive of activity in Atlantic City
May’s gaming revenues from Nevada are in and they are blockbuster. When the Strip is 26% higher than 2019 (winning $655.5 million) and locals play is 25% stronger it is fair to say the recovery has been achieved—and far sooner … Continue reading
Posted in Atlantic City, Boulder Strip, Caesars Entertainment, Carl Icahn, Connecticut, Cretins, Diversity, Downtown, Economy, Health, history, Internet gambling, Lake Tahoe, Laughlin, Marijuana, Mesquite, Michael Gaughan, Mohegan Sun, Nevada, North Las Vegas, Reno, Sports betting, The Strip, Wendover
4 Comments
Strip returns to form; Caesars nixes buffets, free play
Last month Nevada raced ahead of 2019 gambling-revenue benchmarks, up 11% to just over $1 billion. Locals-derived winnings ($245 million) jumped 18%, despite operating at 80% capacity. (Locals casinos saw 15% higher slot win 18% greater handle and 35.5% more … Continue reading
Posted in Australia, Boulder Strip, Caesars Entertainment, Connecticut, Crown Resorts, DFS, Dining, Donald Trump, Downtown, Economy, Election, Foxwoods, G2E, Health, Internet gambling, Lake Tahoe, Laughlin, Lawrence Ho, Macau, Maryland, Massachusetts, Melco Resorts & Entertainment, Mesquite, Mississippi, Mohegan Sun, Nevada, North Las Vegas, Regulation, Reno, Sports betting, Stanley Ho, Station Casinos, Taxes, The Strip, Tilman Fertitta, Wendover
1 Comment
Hail Caesars; Durango Station green-lit
“Solid … very encouraging … impressive momentum.” Those were some of the things JP Morgan analyst Joseph Greff had to say about Caesars Entertainment‘s 1Q21 numbers. Cash flow of $548 million well exceed Greff’s expected $429 million, to say nothing … Continue reading
Posted in Atlantic City, Boulder Strip, Caesars Entertainment, Card rooms, Conventions, Cosmopolitan, Derek Stevens, Entertainment, Florida, Health, Indiana, International, Internet gambling, Las Vegas Sands, Louisiana, Michael Gaughan, New York, Politics, Reno, Seminole Tribe, Sports betting, Station Casinos, The Strip, Tourism, Wall Street, William Hill, Wynn Resorts
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Nevada recovery skips Strip; Boyd buoyant
Silver State casinos grossed $1 billion last month, with the Las Vegas Strip down 9% from 2019 to $501.5 million but locals-derived win vaulting 23%, leading to a 4% statewide increase on pre-Coronavirus numbers. The silver lining for the Strip … Continue reading
Posted in Architecture, Aristocrat, Atlantic City, Boulder Strip, Boyd Gaming, Caesars Entertainment, Canada, Churchill Downs, CityCenter, Cordish Co., Downtown, Hawaii, Health, Horseracing, Internet gambling, Kentucky, Lake Tahoe, Laughlin, Marketing, Massachusetts, MGM Resorts International, North Las Vegas, Penn National, Pennsylvania, Real Estate, Reno, Resorts World LV, Riviera, The Strip, Tourism, Tribal, Vietnam, Virginia, Wall Street, Wynn Resorts
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