Eat, Drink, Gamble, Vegas

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Red Rock Resorts To Acquire Palms

Palms It was a rumor yesterday and it's confirmed today. Red Rock Resorts Announces Agreement to Acquire Palms Casino Resort LAS VEGAS--(BUSINESS WIRE)-- Red Rock Resorts, Inc. ("Red Rock Resorts", "we" or the "Company") (NASDAQ: RRR) today announced that Station Casinos LLC has entered into a defin…

4 years ago

Steve Wynn Just Said F U To Gamblers

Steve Wynn Is The Worst Person In The World An oldie but a goodie above. On last week's Wynn Resorts earnings call Steve Wynn went into a long discussion of how Wynn Las Vegas is adjusting their casino floor to maximize revenue. Here's an excerpt of the call from Vegas Hotel News. I also rearranged …

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5 years ago

Nightclub Revenue In Vegas Will Shock You

Steve Aoki At Hakkasan I know casinos and Vegas but I'm not an investor. Sometimes when I see Motley Fool or other investing websites break out revenue in certain ways I can be surprised. We all know that nightclub revenue is big for Las Vegas casino operators. What is surprising in this chart is se…

5 years ago

Vegas Is Getting Younger Quickly, You’re Not Aging That Fast

Say Goodbye To These Folks John Unwin, CEO of Cosmopolitan of Las Vegas, did a sort of strange interview with Bloomberg last week. He was lobbed some softball questions about Las Vegas before being asked about Atlantic City, a market he's never worked in. Since the Cosmo or any of his previous jobs …

5 years ago

Planet Hollywood Feeling The Britney Spears Effect To The Tune Of $20 Million

Britney Spears "Piece of Me" If you've been reading any of my work over the past few years you know that I like Britney Spears a bit too much. We go back to the swamps of New Jersey just like my ill-fated love for the New York Jets. Anyway, I loved the "Piece of Me" show at Planet Hollywood (see my …

5 years ago

Wynn And Las Vegas Sands Gambling Revenue Per Day Might Surprise You

The Venetian The casino always has the advantage in gambling so they're guaranteed to make money as long as they have customers. The amount of money made in a casino probably wouldn't surprise anyone. When we see gaming revenue it's usually in bulk form from quarterly reports. Sure the bulk numbers …

5 years ago

Jay-Z, Magic Johnson And Now Sam Nazarian

Sam Nazarian At a licensing hearing for SLS Las Vegas a couple of weeks ago it was noted that Sam Nazarian's SBE only owns 10% of the hotel opening this week. Stockbridge owns 90 percent of the SLS Las Vegas while SBE Entertainment owns the remaining 10 percent but does not have any voting rights. …

6 years ago

These Are American’s Favorite Casino Games

I love a good survey. Today's question from the American Gaming Association is a simple one. What's your favorite casino game? slots 48% blackjack 16% none 14% poker 6% roulette 5% video poker 4% craps 4% sports book 2% baccarat 1% These results are from casino customers across the country. Since sl…

6 years ago

Caesars Turmoil

Caesars Entertainment Chapter 11? To say this was a chaotic weekend for Caesars Entertainment would be an understatement. On Friday they announced that they were leaving a casino project in Suffolk Downs, MA. Partner Suffolk Downs asked Caesars to withdraw following an investigation by the state’s g…

6 years ago

How Caesars Bankruptcy Can Benefit Everyone

Caesars Entertainment Chapter 11? Rumors about Caesars Entertainment filing for chapter 11 bankruptcy protection gets louder every day. It's easy to poke fun at a business failing but the ramifications from filing for bankruptcy can be good for both Caesars and casino customers. Read chapter 11 deta…

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7 years ago