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First Ohio Casino Opening
| January 8th, 2012 at 11:27:48 AM permalink | |
| teddys Member since: Nov 14, 2009 Threads: 100 Posts: 2723 | It's too bad we don't know/trust each other 'cause I would definitely take the other side of this bet. I predict a huge initial opening, a slight dip after the initial hoopla but then steady increases until the new place is built, at which point it will spike again. Getting away from predictions for a moment, I am very interested in how Caesars/ROC will handle the new casino. It has the potential to be really well done, especially if they utilize the architecture and decor well. It could be as good as MGM Detroit, which is one of the best in the country, IMO. The Hollywood properties in Toledo and Columbus are blah -- know what to expect from Penn National, and it will be the usual Burger King-type casino. "If you can make one heap of all your winnings / And risk it on one turn of pitch-and-toss / And lose, and start again at your beginnings / And never breathe a word about your loss..." -Rudyard Kipling |
| January 8th, 2012 at 12:29:51 PM permalink | |
| JohnnyQ Member since: Nov 3, 2009 Threads: 49 Posts: 590 |
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| January 8th, 2012 at 3:20:50 PM permalink | |
| FleaStiff Member since: Oct 19, 2009 Threads: 75 Posts: 4820 | Yep. However a town that is built on tips... doesn't ever want to tip the airlines. Smaller shows? Frank Sinatra would often enter by the same doors the customers did and walk through the table area to get to the stage. All Vegas is really know for now is slot machines, upscale restaurants, pool parties, drug.. er, uh... rock concert beer swills and Party Clubs where the men think they will get serviced but its only the bottles that get that. Anything other than slots in a casino is known largely as a backdrop or scene from some popular movie or TV show. Vdara? Lets go see the Vdara Death Ray, as long as we toke two of those little greenie things, the waitress will bring us some burnt plastic cup, we don't actually have to stay away from the clubs for a full two hours or anything. Strip clubs... Vegas is full of hype about loose slot and its also full of hype about loose women at strip clubs. |
| January 8th, 2012 at 3:44:59 PM permalink | |
| Tiltpoul Member since: May 5, 2010 Threads: 28 Posts: 1145 |
The architecture from the pictures shows it will be upscale. I imagine it will be really well done. But while at work today, I thought of other partnership casinos that never worked out for both parties. Borgata (MGM gets the boot from NJ government when they want to open in Macau) is now 50% Boyd, 50% some little group. Boyd only hasn't bought the rest out since AC isn't guaranteed viable and they are sunk in worthless property where Echelon should be. Monte Carlo never really found its niche as a cooperation between Circus Circus and MGM Grand (ironic that they are now the same company... maybe it was foreshadowing...) MGM Grand at Foxwoods is part of the complex, so casual players may not even recognize the difference between the two. Partnerships just don't work in the long run, especially when one is controlling funds and the other is controlling operations. One side always wants more of the pie, and in this case, once it proves to be viable, I see Caesars gobbling up Gilbert's investment. Don't get me wrong by the way. I think Cleveland will always be a good market, regardless. I just don't believe that it they will respond to changes in market conditions, causing a dip in revenue which will be perceived as a problem of operations (ROC will want to take full control), or a change in market (where ROC will want to get out.) I predict the latter, as rebranding can have dire consequences if done wrong. I just don't see them ever lowering table mins and increasing cashback, because they see themselves as having complete control over the market. That's fine, at least initially, but people catch on and things level to the right amount. [Profile updated... more to come] |
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