AZDuffman
AZDuffman
Joined: Nov 2, 2009
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May 19th, 2015 at 9:05:36 AM permalink
Quote: JohnnyQ

I was hoping that competition would help the consumer with better promo's, payback tables, etc. I'm not sure that it has, at least not as far as I can see. But it's all relative.



Upping payback is tough when your "partner" takes so much of the net. As to promos, comps are pretty low. But I think all casinos are trying to snuff out the idea of comps everywhere. Comps worked when Vegas was something special, now with Joe Sixpack turtling his slot play to get free drinks not so much.
All animals are equal, but some are more equal than others
JohnnyQ
JohnnyQ
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May 19th, 2015 at 9:39:19 AM permalink
Quote: AZDuffman

Comps worked when Vegas was something special, now with Joe Sixpack turtling his slot play to get free drinks not so much.

This is not an issue in many states (no free drinks).
All around me are familiar faces / Worn out places, worn out faces / Bright and early for their daily races / Going nowhere, going nowhere - https://www.youtube.com/watch?v=kdCLnwIkkps
surrender88s
surrender88s
Joined: Jun 23, 2013
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May 19th, 2015 at 11:05:29 AM permalink
Quote: pacomartin


PA Casino SLOTS TABLE GAMES
Harrah's Philadelphia -34.2% -7%
Presque Isle -27.3% -42%
Mount Airy -21.8% 0%
The Meadows -16.5% -17%
Penn National -13.5% -12%
parx -8.6% 0%
Mohegan Sun -8.3% 0%
SugarHouse -7.4% 0%
Statewide -6.3% 0%
Sands Bethlehem -3.6% 0%
The Rivers -2.2% -2%
Valley Forge 0.0% 0%
Nemacolin 0.0% 0%



What is this a table of? I can't make sense of the 0%'s.

*edit* Ok, I see now, the explanation was worded a little funny. I would expect a downturn in revenue after an initial boom from a casino opening, and in the economic situation we find ourselves in. I'd say more of this has to do with non-casino related economic factors than it does with the casinos and their policies.
"Rule No.1: Never lose money. Rule No.2: Never forget rule No.1." -Warren Buffett on risk/return
bobsims
bobsims
Joined: Apr 8, 2014
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May 19th, 2015 at 11:18:23 AM permalink
Nowhere to go but down. Casinos in north Jersey and Binghamton area would slice off another 15% or so.
EvenBob
EvenBob
Joined: Jul 18, 2010
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May 19th, 2015 at 2:33:27 PM permalink
Quote: AZDuffman

What happens is what has happened, casinos here are just part of everyday life and no longer a "special" place to go. It is all just normal and routine.



Yup. For decades going to Vegas was a big
deal. In the last 5 years, I can make a short
drive and I'm in a Vegas style casino. It's
about as thrilling as going to Walmart.
"It's not enough to succeed, your friends must fail." Gore Vidal
AZDuffman
AZDuffman
Joined: Nov 2, 2009
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May 19th, 2015 at 2:47:51 PM permalink
Quote: EvenBob

Yup. For decades going to Vegas was a big
deal. In the last 5 years, I can make a short
drive and I'm in a Vegas style casino. It's
about as thrilling as going to Walmart.



Go see the Big 6 wheel, you will think WMT had a field trip for their various customers of the month.....
All animals are equal, but some are more equal than others
pacomartin
pacomartin
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May 19th, 2015 at 4:46:50 PM permalink
Quote: surrender88s

What is this a table of? I can't make sense of the 0%'s




Slots + Table Games for Harrah's Phladelphia in millions $
$127 + $0.0 : FY 2006/2007
$333 + $0.0 : FY 2007/2008 == peak slots
$320 + $0.0 : FY 2008/2009
$307 + $0.0 : FY 2009/2010
$280 + $70.9 : FY 2010/2011
$264 + $80.5 : FY 2011/2012 == peak table games
$250 + $80.3 : FY 2012/2013
$219 + $74.5 : FY 2013/2014

I was trying to rank the casinos without showing all the data. Harrah's Philadelphia is in a high crime rate city where people dont want to go. Slots revenue peaked in the second year and is now down 34%. Table game revenue peaked in the second year when table games were allowed, and is now down 7%.

0% means the final year is the largest.

Quote: surrender88s

I would expect a downturn in revenue after an initial boom from a casino opening, and in the economic situation we find ourselves in. I'd say more of this has to do with non-casino related economic factors than it does with the casinos and their policies.



I don't think it is tied into the general economy. A lot depends on how well you can attract out of state visitors. I assume Presque Isle in Erie tumbled when Ohio legalized gambling. Sands Bethlehem does very well because most of their patrons are from NYC and northern NJ.
Avincow
Avincow
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May 19th, 2015 at 5:20:39 PM permalink
Quote: pacomartin


Harrah's Philadelphia is in a high crime rate city where people dont want to go.



I think I was there once. Is that the one that's next to the prison? That place is massive. but seriously, wtf, next to a prison!?
Ibeatyouraces
Ibeatyouraces
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May 19th, 2015 at 6:05:55 PM permalink
Quote: Avincow

I think I was there once. Is that the one that's next to the prison? That place is massive. but seriously, wtf, next to a prison!?


Greektown in Detroit is 2 blocks from the Wayne county jail.
DUHHIIIIIIIII HEARD THAT!
coilman
coilman
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May 19th, 2015 at 7:11:43 PM permalink
Quote: Ibeatyouraces

Greektown in Detroit is 2 blocks from the Wayne county jail.



and the main police station... which of those two should one fear the most

Regards
Walter Budzyn and Larry Nevers

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