The casinos are coming, and their coming to Ohio. Voters on Tuesday reversed the decision they made on four earlier occasions and said they’d allow casino gambling in Cleveland, Cincinnati, Columbus and Toledo. The vote was a reflection of just how receptive people have become to any promise of new jobs, however dubious the numbers.
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.
Foxwoods and Mohegan Sun Take Hit As Fewer People Play the Slots
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.
Las Vegas Builders Say No More New Casinos For The Next Decade
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."
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.
Las Vegas Casino Bellagio files lawsuit against Sir Allen Stanford
Photograph: Dave Einsel/Getty Images
Looks like you need to pay your debts Mr. Billionaire.
Unwell, behind bars and stripped of his fortune, the billionaire financier Sir Allen Stanford is facing yet another headache - a Las Vegas casino is suing him for $258,480 (£160,000) in unpaid gambling debts.
The Bellagio,on the Las Vegas Strip, has filed a lawsuit in Nevada's Clark County district court accusing Stanford of running up gaming losses in January barely a month before the US authorities raided the Houston headquarters of his Stanford Financial Group and charged him with fraud.
Yep - penny slots. We like them too and find them always a blast to play on max bet when we visit a casino. Seems like gamblers in the recession find penny slots alluring too - they are raking it in.
The penny slot machine, once a joke among serious gamblers, is the hottest form of betting during this recession. Even casinos that cater to wealthy gamblers are replacing $1 machines with video slots that accept bets one cent at a time. "You can play longer with less money on penny slots," says Ed Feigenbaum, editor of Indiana Gaming Insight, a newsletter. The penny machines accounted for 36% of bets at Indiana casinos in July, up from 8% in 2005.
Hard Rock Hotel & Casino Las Vegas Introduces Paradise Tower - Cheap Room Rates
Paradise Tower becomes the newest addition to Hard Rock Hotel & Casino. The highly anticipated project, completed almost two months ahead of schedule, has created jobs and hope as the Las Vegas horizon begins to see signs of resurgence. The new tower opened this past week and is ready for booking.
Just as Hard Rock Hotel & Casino is known in a sense for upping the game in Las Vegas, the new Paradise Tower steps up the Hard Rock's game on the hotel side. The tower's 490 lavish rooms were designed with the property's signature party attitude in mind but with a jolt of sexy sophistication. Hotel devotees will notice a significantly more luxurious atmosphere in Paradise Tower, but without sacrificing the irreverent, anything-can-happen feeling that they've come to expect. Rooms evoke visions of a rock 'n' roll manor house, using iconic materials like leather, wood and silver studded velvet to enhance the sensory experience and emphasize that this is no standard hotel room. Designed by Mark Zeff, the rooms exude a chic playfulness with atmospheric touches that allow for optimal comfort and function by day, but then come alive at night.
Las Vegas Hotels Go Budget - Cheap Show Tickets, Rooms, and More
It's about time. We think cheap rooms, cheap tickets, and the like should be standard fare. Room rates over the past 10 years have just climbed and climbed - and we're thinking Casinos should worry about making money from our gambling losses and not everything else too. We do understand good entertainment costs money - but maybe they can put some of that money back into the operation instead of the profit train they've been on.
Discounted tickets are being offered to the biggest shows such as Cirque du Soleil - two tickets can now cost as little as $124 instead of nearly $200.
Some hotels are even offering credit in their casinos as part of their deals to attract more customers.
The dash to cut prices comes as big casino operators post losses or insignificant rises despite new casino openings, swathes of new slot machines and table games being introduced.
Casinos Coming to Ohio Very Soon
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