October 30, 2009

Beacon Hill in Boston Struggles With Casinos

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Why is this so hard? What won't Massachusetts do to get their gambling act together? Well - apparently discuss it until they do nothing. Times are tough all over, and jobs from the State's dog tracks to budget shortfalls have casinos back on Beacon Hill's mind - what are they considering?

  • Save the Massachusetts economy with resort destination casinos.
  • Save jobs at the state’s dog tracks by allowing slot machines.
  • Save the state from itself by blocking casino expansion.

Read the full story at The Boston Globe, but we'd like to see at least the Dog Tracks fixed and get some of those job back.

Jay Brewer Permalink | Comments (0) | social bookmarking

October 23, 2009

Foxwoods and Mohegan Sun Take Hit As Fewer People Play the Slots

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Yep - they're still down on revenues as fewer people play the slots. I think this is to be expected for at least the next 6-12 months, but since I'm headed to the woods tonight I'll see what I can do to help their revenue.

Slot revenues continued to tumble at the two Connecticut casinos as gamblers spent fewer dollars on the one-armed bandits last month.

Foxwoods Resort Casino and MGM Grand reported that slot revenues in September fell by nearly 3 percent to $54.8 million, down from $56.4 million a year ago, the sixth consecutive month of year-over-year declines.

Mohegan Sun saw slot returns slip to $59.4 million last month compared to $67 million one year ago, an 11 percent dip and the 16th consecutive month of declines.

Via BostonHerald.com

Jay Brewer Permalink | Comments (0) | social bookmarking

October 16, 2009

Prof's Las Vegas News Blog - Las Vegas Gets Posted There

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We thought we'd tip our hat to the Las Vegas Blog. We get their updates via email and the web each week - and they're awesome. Yep - if you want daily Vegas news - the Las Vegas Blog is for you. Recent stories include:

  • Garth Brooks out of retirement, in Las Vegas
  • Las Vegas Halloween Photos 2009 Hi-Rez Free
  • Cobra, Mustang auctioned in Las Vegas for over $300,000
  • Palazzo/Venetian takes flight with Southwest Airlines
  • Paranormal Activity followup filming in Las Vegas

At Prof's Las Vegas News Blog - Las Vegas Gets Posted Here

Jay Brewer Permalink | Comments (0) | social bookmarking

October 9, 2009

Las Vegas Builders Say No More New Casinos For The Next Decade

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We do hope you like the current casinos in Las Vegas, because that's what you can look forward to for the next 10 years or so. There simply will be no new casinos built due to overbuilding, and of course the wonderful economy we're in.

No newly built Mount Rushmore facade, no Mini Grand Canyon indoor shopping avenue, no Godzilla-shaped hotel—nothing new to delight the vulgar parts of your optic nerve. The Wall Street Journal says after a decade in which casinos spent more than $30 billion on expansions, they're now going to pay off debt and focus on "branding, marketing and customer loyalty."

The bad economy abruptly ended a boom period earlier this decade when visitations, gambling, and room rates were all climbing. Now casinos are loaded with debt and searching for more cost effective ways to bring in business.

The new approach represents a challenge for an industry that has relied on glitzy casino and hotel openings as one of its primary draws. "It's the theme-park dilemma," says Robert LaFleur, an analyst for Susquehanna Financial Group. "You've got to build a new roller coaster. Everyone likes to go but you need a reason to keep them going back."

Via Consumerist

Jay Brewer Permalink | Comments (0) | social bookmarking

October 2, 2009

Foxwoods Casino and Tribe's Fortunes Linked

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Want the history of the new in trouble Foxwoods casino? This Boston Globe article outline it and the current state of affairs at the Foxwoods Casino.

When the doors at Foxwoods first swung open in 1992, more than poker fanatics and bingo mavens began trekking to the sparkling new casino nestled in the thick forests of the Mashantucket Pequot reservation.

Dozens of Pequots traveled from as far away as California and Hawaii to their native lands in southeastern Connecticut. Many came for the promise of a steady job, and to reconnect with a tribe that had come close to extinction. But Foxwoods did not just help revive the Pequot nation; it made it fabulously wealthy. Within a few years, Foxwoods was the world’s largest and most successful casino resort, an entertainment mecca that racked up more than $1 billion annually.

Read at Foxwoods casino, tribe’s fortunes linked - The Boston Globe

Jay Brewer Permalink | Comments (0) | social bookmarking
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