Gialmere
Gialmere
Joined: Nov 26, 2018
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January 21st, 2021 at 11:16:44 AM permalink
A poor choice of words on my part. "A bigger piece of the pie" would be more accurate.
Have you tried 22 tonight? I said 22.
charliepatrick
charliepatrick
Joined: Jun 17, 2011
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January 21st, 2021 at 11:28:27 AM permalink
There are many casinos in Central and Inner London, and two a little further out. There's then a 30-mile break before you find ones in Luton (N), Reading, (W) or Southend (E). I suspect serious poker players travel to either but there seems to be larger gamblers in London ones. Also people on business (or holiday) might not trek out of town, but would go to the London ones.

Thus I see no reason why ones in New York, or any other similar large sprawling city, wouldn't work.
billryan
billryan
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January 21st, 2021 at 11:46:51 AM permalink
Governors Island sits in NY Harbor, between Brooklyn and Manhattan, roughly across from Ellis Island. Formerly First Army Headquarters, it was then used as a Coast Guard base until it was given to NYC. NYC is an archipelago, with a number of islands that could be used for a casino. I just don't think the cost of land in and around Times Square would make any casino feasible.
The difference between fiction and reality is that fiction is supposed to make sense.
darkoz
darkoz
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January 21st, 2021 at 12:24:36 PM permalink
Quote: billryan

Governors Island sits in NY Harbor, between Brooklyn and Manhattan, roughly across from Ellis Island. Formerly First Army Headquarters, it was then used as a Coast Guard base until it was given to NYC. NYC is an archipelago, with a number of islands that could be used for a casino. I just don't think the cost of land in and around Times Square would make any casino feasible.



If bowling alleys movie theaters, McDonald's, Popeyes, mom and pop candy stores and pizza shops (including one pizza shop that advertises $1 slices) and let's not forget a plethora of hotels already can survive, I find it difficult to believe a billion dollar Casino complex in the heart of the city would find difficulty in maintaining their costs
For Whom the bus tolls; The bus tolls for thee
Gialmere
Gialmere
Joined: Nov 26, 2018
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January 21st, 2021 at 1:13:34 PM permalink
That's the thing. Few tourists visit New York to gamble (not counting the Belmont Stakes). There's just too many famous places to see. And one of the most famous places is Times Square. Put in a casino catering to these tourists and yeah; I think city gambling revenue would increase dramatically.
Have you tried 22 tonight? I said 22.
billryan
billryan
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January 21st, 2021 at 1:54:20 PM permalink
Quote: darkoz

If bowling alleys movie theaters, McDonald's, Popeyes, mom and pop candy stores and pizza shops (including one pizza shop that advertises $1 slices) and let's not forget a plethora of hotels already can survive, I find it difficult to believe a billion dollar Casino complex in the heart of the city would find difficulty in maintaining their costs



A billion dollars won't buy the land needed for a casino entrance. All those shops you mentioned are placeholders while the landowners await their big payoff when the next big project hits. As long as the shops rent covers the landlords taxes, they are ok. The NY Times building is pretty much the last big project in the TS area and cost 850 million to build in 2002. Much of the land was taken under Eminent Domain and it is only about 80,000 Square feet.
Casinos thrived in Vegas because the land was cheap. Same thing in Atlantic City.
The difference between fiction and reality is that fiction is supposed to make sense.
darkoz
darkoz
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January 21st, 2021 at 2:34:38 PM permalink
Quote: billryan

A billion dollars won't buy the land needed for a casino entrance. All those shops you mentioned are placeholders while the landowners await their big payoff when the next big project hits. As long as the shops rent covers the landlords taxes, they are ok. The NY Times building is pretty much the last big project in the TS area and cost 850 million to build in 2002. Much of the land was taken under Eminent Domain and it is only about 80,000 Square feet.
Casinos thrived in Vegas because the land was cheap. Same thing in Atlantic City.



They thrived because players showed up.

Ignoring one of the busiest business, tourist and locals hubs on the globe because the land is going to cost seems ridiculous imo

Again, to bring up Catskills NY Casino. That land had to be dirt cheap. A bunch of woods in the middle of nowhere surrounded by a few nearly bankrupt towns (Monticello ten minutes away is boarded up businesses on every other block.)

Cheap land doesn't mean profits especially in today's Casino climate
For Whom the bus tolls; The bus tolls for thee

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