EvenBob
EvenBob
Joined: Jul 18, 2010
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July 24th, 2012 at 3:09:39 PM permalink
How many new casinos have to open in the US before
the saturation point is reached. It seems like a couple
open somewhere every month. Massachusetts has $2
billion worth of casinos opening in the next few years
now that they've been approved. There has to be a point
where there will be too many and some start to fail.
"It's not enough to succeed, your friends must fail." Gore Vidal
Ibeatyouraces
Ibeatyouraces
Joined: Jan 12, 2010
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July 24th, 2012 at 3:14:44 PM permalink
deleted
DUHHIIIIIIIII HEARD THAT!
OneAngryDwarf
OneAngryDwarf
Joined: Dec 17, 2009
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July 24th, 2012 at 3:36:12 PM permalink
I think it's already started to happen in some places. With the opening of casinos in southwestern PA, Cleveland, and soon-to-be Columbus, the WV casinos--whose customer base drew from all three areas--have been rendered obsolete. I expect one or the other to shut down completely any day now, or at least substanstially downsize their operations as the local population just isn't large or economically viable enough to keep them going the way they are.

People have been saying AC will lose a casino or two, but I think they'll stay strong as the operators continue to differentiate the properties and find a niche for each one--look at the Atlantic Club, which has really turned things around by focusing on low-rollers as a nice alternative to Borgata. I like the current variety of owners in AC right now, too...a nice alternative to the Caesars/MGM duopoly in Vegas.
"I believe I've passed the age/of consciousness and righteous rage/I've found that just surviving was a noble fight... I once believed in causes too/I had my pointless point of view/And life went on no matter who was wrong or right..." --Billy Joel
buzzpaff
buzzpaff
Joined: Mar 8, 2011
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July 24th, 2012 at 3:44:30 PM permalink
The real loss to Brick and Mortar casinos will be when online gambling is legalized. One need only to look at the empty grandstands at horse race tracks everywhere !
24Bingo
24Bingo
Joined: Jul 4, 2012
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July 24th, 2012 at 3:51:07 PM permalink
Aren't the big hubs, like Vegas and Atlantic City, already pretty dog-eat-dog? I think there's your answer.

Regardless, there's a lot of talk about Foxwoods and Mohegan likely shrinking in the coming years.
The trick to poker is learning not to beat yourself up for your mistakes too much, and certainly not too little, but just the right amount.
EvenBob
EvenBob
Joined: Jul 18, 2010
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July 24th, 2012 at 3:58:35 PM permalink
Quote: buzzpaff

The real loss to Brick and Mortar casinos will be when online gambling is legalized.



Don't hold your breath. Dem's should have done it
when they had both the house and senate. There's
no interest there now, and when Romney takes office,
it will be years away again. Which is fine with me.
"It's not enough to succeed, your friends must fail." Gore Vidal
buzzpaff
buzzpaff
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July 24th, 2012 at 4:02:54 PM permalink
Bob your opinion has a lot of validity. It's just I can not believe the politicians will let revenue streams remain untapped much longer !
100xOdds
100xOdds
Joined: Feb 5, 2012
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July 24th, 2012 at 4:08:29 PM permalink
wished there were casinos in Va, even electronic only ones.

i hate driving an hr to md to play e-craps.
or driving an hr to charlestown, wv to play live poker. (i refuse to play real craps (dealers) at 2x odds.)

md casino sent me a couple of promos for Aug:
- $30 every week
- mystery promo ($10 - 1000) every sun

guess what, i'm going to be stopping by every Sun just to load them onto acct.
then end of Aug play at least $160 worth of comps on e-craps.
Craps is paradise (Pair of dice). Lets hear it for the SpeedCount Mathletes :)
EvenBob
EvenBob
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July 24th, 2012 at 4:13:30 PM permalink
Quote: buzzpaff

Bob your opinion has a lot of validity. It's just I can not believe the politicians will let revenue streams remain untapped much longer !



Its more to do with their core constituants, Christian voters,
opposing casinos. The ones around here went apeshit trying
to keep the local casino from opening. They stalled it for 12 years.
"It's not enough to succeed, your friends must fail." Gore Vidal
MrV
MrV
Joined: Feb 13, 2010
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July 24th, 2012 at 4:21:44 PM permalink
I hope the worm turns and some form of groundswell / popular movement gains traction seeking a limitation on casino gambling in America.

There is an increasingly large social cost to it, which We, the People have to absorb.
"What, me worry?"

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