Caesars Entertainment and DraftKings announced a multi-state partnership on Monday that will allow the DraftKings Sportsbook access to states where Caesars Entertainment already has existing land-based casinos. In return, Caesars Entertainment will receive an ownership stake in DraftKings and access to its customer database.
Boyd Gaming executives were downright giddy when they announced revenues for the fourth quarter and full year of 2018. Investors were happy with the news as well, and the stock jumped about 10 percent the next morning. The national casino operator had another great quarter and year of business in Las Vegas.
Caesars Entertainment has had a rough time moving forward since emerging from bankruptcy in 2017. However, shares jumped more than 5 percent after hours on Tuesday night ahead of their 2018 fourth quarter and annual earnings. The excitement for the national casino operator wasn’t because of their performance.
Casino comps are more difficult to come by every day. There was a time where casinos would hand out complimentary meals, rooms, and drinks just to keep guests gambling. Forget meals and rooms. It’s a challenge to even find a good complimentary drink. Casino operators in Las Vegas today are mostly corporations looking to maximize profit …
This quarter the MGM Resorts and Caesars Entertainment calls have had some activist investor issues that sort of changed the tone of the calls. I’m not an owner of casino stocks and I look for news when reading and listening to earnings reports. This week Caesars and Boyd Gaming reported earnings.
Here’s another episode of “Las Vegas is always changing.” Last year Golden Entertainment purchased the Stratosphere, Casino, Hotel & Tower along with a few other traditional casinos. The Golden Entertainment brand name isn’t used very often by tourists but many drinkers and gamblers that live in Las Vegas know the company because they own more than 130 bars and taverns around the state of Nevada.
Palms is currently in the middle of a massive $690 million renovation. Just about every part of the casino will see an update. There are already new additions to the casino resort just off the Vegas Strip. The makeover started on the casino floor which has new carpeting, lights, and a sweet new center bar.
Don’t get me wrong, I love the Vegas Strip. Having the Vegas Strip 15 minutes from my house is amazing! Every trip to the Vegas Strip when a friend visits or something new opens is like a mini-vacation. As a tourist, I used to marvel at how many great restaurants there are in Las Vegas.
The Topgolf concept is fantastic. Golf games mixed with food and drink service take a visit to a golf driving range to another level. Topgolf took it even further when it opened its flagship location in Las Vegas (pictured). There you’ll find multiple performance stages, massive TVs, pools with cabanas, a sportsbook window, and more.
The Hot Stove was quiet most of the winter. It was only a matter of time that one of the big free agents in Major League Baseball would sign a deal. The first really big name free agent, Manny Machado, is off the board. He’s now a member of the San Diego Padres.