Philadelphia Business Journal’s Post

MGM floating the potential sale of their operating rights at MGM Northfield and MGM Springfield. Getting close in New York and looking to raise capital with these sales? No news on their corporate site? Being in the Ohio market, who wants the racetrack locations, who would consider that and who is eligible to be in the market? In both locations you must race live for a minimum number of days and permit holders have limits on the number per breed they can hold. MGM Northfield holds multiple permits, which is definitely a consideration for a potential suitor. Let the speculation begin. First potential candidate, see a lot of reasons for Boyd Gaming here, already in market, capital to do it, and tactical. Same for Churchill Downs or Delaware North. Penn Entertainment is likely out unless they divest something in Ohio on the racing side. Hard Rock was in prior but they don't seem to buy into racetracks. Jack Entertainment could make a tactical move as well, but do they have the capital? Caesars may be happy with their current investment and operational portfolio, which may put them out on this. Should be interesting. #casinogaming #horseracing #ohio #massachusetts #gaming #casino          MGM Might Be Evaluating Sales of Massachusetts, Ohio Casinos      

Indy Gaming: What are Carl Icahn’s intentions after latest Caesars stock purchase? The billionaire investor has only said he likes to own Caesars shares. Also, event cancellations torpedo Resorts World Las Vegas’ first quarter of 2024. “I like Caesars and I own some stock, I would never do activism in Caesars." - Carl Icahn to CNBC Also: - Resorts World Las Vegas struggles in the first quarter - What I'm reading - News, notes and quotes #lasVegasStrip #gamingindustry #casinoindustry #gaming #investment #stock https://lnkd.in/gGrHtvKZ

“Sin City” now “Sports City” - Las Vegas home to #NHL Golden Knights, #NFL Raiders, #Formula1 Grand Prix, soon #MLB A's, a LeBron-led #NBA franchise down the road and on Sunday Super Bowl LVIII. The #SuperBowl is expected to boost the local #Vegas economy by $1.1 billion and have incalculable global location branding value. Just 20 years ago, the NFL wouldn't even allow Vegas to buy a Super Bowl ad on TV. It’s a whole new ballgame today as casino gambling and sports betting (now legal in 38 states) have entered the mainstream. Casinos are now viewed as key components of mixed-use real estate and major league stadium developments like the Steve Cohen/Hard Rock proposal for Citi Field in Queens, NY, or Miriam Adelson’s plans for a new NBA Mavericks arena and casino in Dallas. #SiteSelection #Relocation #EconDev #CasinoIndustry #RealEstateDevelopment

Check out this thriving #casino leadership team and how they drive success in #gaming operations. https://ow.ly/up2s50RFtYa #sports #gaming #casino #casinolife #casinomanagement

Ever played Casino War at a casino? It’s one of the easiest games around, but it has some interesting lessons. In Casino War, you and the dealer each get a card. The higher card wins. If you tie, you can either surrender or double your bet to see if you can win. 🔹 Objective: Just get a higher card than the dealer. If you tie, you decide whether to go for another round or give up. 🔹 Strategy: It’s mostly about luck, but knowing the odds can help you make smarter choices. 🔹 Appeal: The game is quick and simple, which makes it popular with those who like straightforward fun. What can we learn from Casino War? 1.     Keep It Simple: Sometimes, the best strategies are the simplest ones. This applies to business too—clear and direct approaches often work best. 2.     Know Your Risks: Casino War shows the importance of understanding risks and rewards. This is key in any field to make informed decisions. 3.     Be Flexible: The game teaches you to adapt to the situation, whether you’re going to “war” or folding. In business, being flexible can lead to success. In a world of complex plans, Casino War reminds us that being clear, understanding risks, and staying adaptable can be very effective. Have you played Casino War? What did you learn from it? Let’s discuss! #CasinoWar #Gaming #Strategy #RiskManagement #Leadership #BusinessLessons

Bally’s Corporation, which just posted its Q1 results, commented on its plans for the future. According to the company, its permanent Chicago casino should welcome its first guests by Q3 2026, despite the struggles. In the meantime, Bally’s will not rush the redevelopment of the Tropicana site. The gambling company addressed these issues during its Q1 earnings conference call. According to Robeson Reeves, Bally’s chief executive officer, the company has “absolutely no urgency whatsoever” when it comes to the Tropicana redevelopment. Still, the signature Vegas property is set to be imploded in October, as per the earlier plans. The site in question is currently owned by Gaming and Leisure Properties, Inc.. Following the end of the Tropicana, nine of the acres will be redeveloped into an Major League Baseball (MLB) stadium. In the meantime, Bally’s is still considering its options. Read the full article ➡ https://lnkd.in/dDBw2Thr #casino #gambling #gamblingnews #business #finance #usa

🎰‼️ Battle for Caesars Windsor: Three Gambling Titans Compete for Exclusive Casino License In Windsor, Ontario, a fierce competition is underway as three gambling giants vie for control of Caesars Windsor. The Ontario Lottery and Gaming Corp. (OLG) is reviewing offers for the casino's license, marking the first time it's up for grabs in 30 years. Caesars Entertainment Inc., a longstanding operator, faces competition from Bally's Corp. and Indigenous-owned Mohegan Gaming and Entertainment. The OLG is set to announce the new license holder by fall 2024, with the transition expected in 2025. Caesars Windsor plays a pivotal role in the city's economy, providing jobs and anchoring tourism. City leaders universally support Caesars, citing its track record and investment in the business. The OLG's new licensing approach aims to increase revenue and encourage facility investments, but it has faced criticism. The challenges for the selected operator include staying competitive, contributing to downtown rejuvenation, and addressing specific enhancements advocated by city leaders. The decision holds significant implications for Windsor's future as a gambling destination. #cdcgamingshow #casinonews #gamingindustry #cdcgamingreports #casino  Full Episode is available on our YouTube: https://lnkd.in/gQxWtgeK 🔴📺

Increasingly, sports teams are activating the space surrounding their stadiums to create not only the ultimate game-day experience, but year-round destinations and the NBA is no exception. Clubs such as the Denver Nuggets, L.A. Clippers, Orlando Magic, and Oklahoma City Thunder are either building or on the cusp of building their own city squares adjacent to their current, new or impending arenas. "When the Toronto Raptors took the NBA title in 2019 and the Bucks won it all in 2021, it fortuitously showed the rest of the NBA — and their city councils — that Jurassic Park and Deer District, respectively, were boons. Between the watch parties, restaurants, hotels, office spaces and condominiums, the scene outside the game was just as must-see as the game." Read more about this evolving trend here, https://hubs.ly/Q02HQTvN0 #sports #mixeduse #entertainment #sportsanchoredmixeduse

Take-Two’s biggest challenge: The transition to GTA VI The launch of Grand Theft Auto VI is likely to break all launch sales records when it hits the market, but while this is the case for initial full game sales, the key question for the long-term future of the franchise and Take-Two’s ongoing commercial performance is how Rockstar Games intends to manage the transition of the existing GTA Online audience to the new experience and platform GTA Online is the engagement engine behind GTA V ➡ Ampere's data shows that GTA V/Online regularly engages over 20 million players every month across PlayStation, Xbox and Steam platforms – with 25m in Jun-24 following the release of the latest update Bottom Dollar Bounties. Many of these players are on older gen consoles and PC. As such, Ampere expects Rockstar to continue operating GTA Online for the foreseeable future, but this will mean maintaining multiple communities as the user base is split following the launch of GTA VI ➡ Rockstar has never previously been faced with this sort of transitional challenge, though Take-Two more broadly has deep expertise across its live service sports franchises, which regularly shift audiences to new releases, and the ongoing commercial importance of the GTA franchise leaves very little room for error Managing multiple communities and potential ways forward ➡ Ampere data shows that GTA V/Online was the 4th most played game in June across PlayStation, Xbox and Steam ranked by MAUs, was played for 350 million hours with average players returned to the game on five different days during the month. While there has been no confirmation of ‘GTA VI Online’, we also don’t expect the new game to launch without a roadmap of online play, as this is key to long-term engagement and commercial longevity. This will result in maintaining two live service GTA experiences for at least several years post launch ➡ Running these experiences in parallel will be a resource heavy and complex challenge, but the original GTA Online has the advantage of acting as a key user acquisition channel for gamers to transition across to the new platform. Rockstar already manages communities across its different games through the Rockstar Games Platform and this will play a critical role in pulling together GTA’s increasingly fragmented audience. We expect this platform to evolve over the next year to support what is set to be one of Take-Two’s biggest ever commercial challenges Read more here: https://lnkd.in/epKm_cW2 If you liked this insight piece and want to receive more free insight from us, sign up to our newsletter here: https://lnkd.in/eR8GyJKN #gtaVI #gta6 #rockstar #taketwo