odiousgambit
odiousgambit
Joined: Nov 9, 2009
  • Threads: 313
  • Posts: 8696
December 31st, 2014 at 7:16:02 AM permalink
Quote: 100xOdds

Wonder why horseshoe isn't making as much as expected?



a mystery to a degree, but on the other hand they aren't offering anything irresistible and not doing much to entice players to come back [from what I can tell]

maybe the bankruptcy problem for the main corporation is tying their hands
the next time Dame Fortune toys with your heart, your soul and your wallet, raise your glass and praise her thus: “Thanks for nothing, you cold-hearted, evil, damnable, nefarious, low-life, malicious monster from Hell!” She is, after all, stone deaf. ... Arnold Snyder
teddys
teddys
Joined: Nov 14, 2009
  • Threads: 150
  • Posts: 5450
December 31st, 2014 at 10:37:59 AM permalink
Maryland Live! did $53.8 million in November which is an absolutely huge number. They must be doing something right. I hate going in there because the traffic is always horrible. The location in the mall works pretty well for them, though. I think we'll be seeing more mall casinos in the future.
"Dice, verily, are armed with goads and driving-hooks, deceiving and tormenting, causing grievous woe." -Rig Veda 10.34.4
Artemis
Artemis
Joined: Nov 20, 2010
  • Threads: 20
  • Posts: 441
December 31st, 2014 at 11:25:15 AM permalink
Quote: teddys

Maryland Live! did $53.8 million in November which is an absolutely huge number. They must be doing something right. I hate going in there because the traffic is always horrible. The location in the mall works pretty well for them, though. I think we'll be seeing more mall casinos in the future.



Shame on Maryland Live!. It did $53.8 million, with all that winnings, so why did the casino backroom Justin, a losing skilled player? Now Justin takes legal action against Maryland Live, see below.


http://casesearch.courts.state.md.us/inquiry/inquiryDetail.jis?caseId=02C14190223&loc=60&detailLoc=ODYCIVIL
The case# is 02C14190223

Video#1 (on the casino floor): Forcing Justin into the backroom by twisting his arm:



Video#2 (Inside the backroom)
I'm OK with Corps which pick and choose clienteles. Both insurance companies and casinos have the right to pick and choose customers. They may keep profitable ones and kicked out the rest. But, I'm not OK with a casino supervisor who says counting cards... is like stealing food from a buffet (a foodlifting offense), or video-taping a movie in a cinema (a piracy offense).
vendman1
vendman1
Joined: Mar 12, 2012
  • Threads: 9
  • Posts: 1034
December 31st, 2014 at 11:50:16 AM permalink
Quote: 100xOdds

I am surprised.
Horseshoe has much better VP than Md Live.

Wonder why horseshoe isn't making as much as expected?



Two things...Yes MD Live and the Horseshoe are fairly close geographically, only maybe 20 miles apart. But what helps MD Live a bunch is that it's roughly halfway between Balt. and DC. They are getting essentially all of the DC market plus a decent chunk of the Balt. market. Whereas the Horseshoe is drawing mostly just from the Balt. metro area.

The DC metro area (this goes way into VA, and MD for those that don't know)...has 4 or 5 million people. MD Live is the closest casino for most of those people...they'd have to drive 20 miles or so farther up the road to get to the Horseshoe. Whereas the Balt. Metro area goes more north up closer to DE and NJ etc. So if you live in the northern suburbs of Balt. you are just as close to the DE casinos or Hollywood Perryville in northern MD. So basically the Horseshoe has some competition and MD Live less so. What is going to kill MD Live's business eventually is the opening of the MGM at National Harbor, in PG county MD right across from DC. A lot of the people driving to MD Live now will have a much shorter commute, to the MGM. Long term there is plenty of business in the area for all of those casinos to make money though.

The mall thing is also helping MD Live...you can literally walk from the food court, very briefly outside, and get to the casino. I'm sure there are a lot of people dropping $50 or $100 bucks in the slots while at the mall anyway. The Horseshoe on the other hand is right next to the Ravens stadium. So on game days/or concerts or whatever.. it's busy. But thats 15-20 days a year. The rest of the time that part of downtown Balt. is commercial/industrial not a lot to do other than the casino. The inner harbor is NOT within walking distance. Despite the claims of the chamber of commerce. The mall at Arundel Mills is ALWAYS busy.
Boz
Boz
Joined: Sep 22, 2011
  • Threads: 155
  • Posts: 5701
December 31st, 2014 at 12:09:02 PM permalink
Or it just could be Loveman and CZR screw everything they touch up. Only company that can turn gold into sh#t.
odiousgambit
odiousgambit
Joined: Nov 9, 2009
  • Threads: 313
  • Posts: 8696
December 31st, 2014 at 12:35:34 PM permalink
Quote: vendman1

what helps MD Live a bunch is that it's roughly halfway between Balt. and DC.



it's really much closer to Baltimore, however, I think many share this perception
the next time Dame Fortune toys with your heart, your soul and your wallet, raise your glass and praise her thus: “Thanks for nothing, you cold-hearted, evil, damnable, nefarious, low-life, malicious monster from Hell!” She is, after all, stone deaf. ... Arnold Snyder
silversonic2006
silversonic2006
Joined: May 12, 2010
  • Threads: 33
  • Posts: 195
December 31st, 2014 at 4:59:54 PM permalink
Quote: wudged

I still haven't been to Horseshoe, but I think MD Live being at the mall is a big factor. Around this time of year people are spending more time indoors (not wandering around the Inner Harbor) and shopping (mall).

I also think MD Live is closer to the majority of the wealth in the surrounding area. I Most people are going to go to what's closest, not necessarily the best games to play. (If Horseshoe even does have better games. I don't know enough about the games offered at the two casinos. Horseshoe does offer 100x craps, but how many people are seriously looking for that?)



I've been to both. Horseshoe is definitely a nicer property and has better a better table game offering. All BJ comes from shoes, with no CSM games that I saw (MD state law sets payout rules, so no variation there). Horseshoe makes a point they deal $10 blackjack from 10am-10pm every day...MD Live is almost never under $15, and usually $25+ at busier times. I've seen $50 squeeze baccarat several times at Horseshoe, while at MD Live it's never under $100, and often $200 mins. Also, Horseshoe feels much more classy and much less cramped than MD Live. It has the opulence that I would expect to find (but haven't) at Caesars AC or Caesars Palace.

Only time will tell, but I wonder if the city would have been better off allowing the Horseshoe closer to the Inner Harbor than they did. It would be much easier for visitors and convention-goers to access, and it wouldn't be any harder for people at Orioles or Ravens games to get to than the current location.
ahiromu
ahiromu
Joined: Jan 15, 2010
  • Threads: 112
  • Posts: 2102
January 1st, 2015 at 1:31:55 AM permalink
As a resident of northern Virginia, I prefer Charles Town. Limits are more reasonable and the distance tends to be more consistent timewise. The Baltimore Washington parkway can make taking 270 to WV the shorter route occasionally.

I can totally believe the distance argument though, that 20 miles or so can mean a lot of extra time on a bad night.
Its - Possessive; It's - "It is" / "It has"; There - Location; Their - Possessive; They're - "They are"
odiousgambit
odiousgambit
Joined: Nov 9, 2009
  • Threads: 313
  • Posts: 8696
January 1st, 2015 at 2:18:40 AM permalink
First Charles Town recommendation I've seen!
the next time Dame Fortune toys with your heart, your soul and your wallet, raise your glass and praise her thus: “Thanks for nothing, you cold-hearted, evil, damnable, nefarious, low-life, malicious monster from Hell!” She is, after all, stone deaf. ... Arnold Snyder
silversonic2006
silversonic2006
Joined: May 12, 2010
  • Threads: 33
  • Posts: 195
January 1st, 2015 at 4:12:15 PM permalink
Quote: ahiromu

As a resident of northern Virginia, I prefer Charles Town. Limits are more reasonable and the distance tends to be more consistent timewise. The Baltimore Washington parkway can make taking 270 to WV the shorter route occasionally.

I can totally believe the distance argument though, that 20 miles or so can mean a lot of extra time on a bad night.



Haven't visited Charles Town in a while...what are the limits these days?

  • Jump to: