Pennsylvania Gaming Revenue for June 2010
Sugar House will open in a few months in downtown Philadelphia.
Not sure if this is a trend or just a bad month. Total take was $2.165 billion for the fiscal year. It will probably be difficult to tell with the table games mixed into the revenue in upcoming months.
At some point the slot revenue for all of PA may pass the Vegas Strip slot revenue, but PA will probably never get near the $2.8 billion in table revenue (+$83 million in Poker revenue).
Slot revenue on the Vegas strip peaked at $3.5 billion in October 2007. Although Vegas will continue to stand out as a place to play baccarat or shop or party or to play high limit free odds craps, I think they need to do something serious about improving the image as a place to play slots. As I've suggested before the $1 to $100 slot machines constitute about 20%-25% of slot revenue. I think the strip should make a combined effort to market these machines by swearing that they are all set at the highest possible setting for payback provided by the manufacturer. People who love high end machines will have a reason to travel to Vegas as opposed to their local slot club.
Quote: pacomartin
Slot revenue on the Vegas strip peaked at $3.5 billion in October 2007. Although Vegas will continue to stand out as a place to play baccarat or shop or party or to play high limit free odds craps, I think they need to do something serious about improving the image as a place to play slots. As I've suggested before the $1 to $100 slot machines constitute about 20%-25% of slot revenue. I think the strip should make a combined effort to market these machines by swearing that they are all set at the highest possible setting for payback provided by the manufacturer. People who love high end machines will have a reason to travel to Vegas as opposed to their local slot club.
I'd have to disagree with you on this part. Vegas used to rule in slots because there were so few other places to play slots. Say Vegas turns up the reels to the max payout. Next week some other place can do the same. For Vegas to want to reinvent slots would be as if Ford said "we need to reinvengt the full-sized station wagon" the year after Chrysler introduced the minivan.
Vegas needs to keep being something more. I keep saying and will keep saying a big problem on the strip is too much industry consolidation. If it was made so no corporation owned more than two large and two small casinos in one market maybe there would be more room for innovation and better marketing.
Well, at least you didn't say anything about making Vegas a place to play Bingo.Quote: pacomartinI think they need to do something serious about improving the image as a place to play slots.
Look at the demographics of slot players. They will play wherever it is most convenient to cash their pension checks. Import high end slot players? Nah. Acknowledge the writing on the wall: slot players are all over the place and between faux casino arcades that offer electronic bingo in the guise of slot machines or Indian casinos that offer real slot machines, slot players don't have to go to Vegas anymore.
So no need to offer inducements to keep the player mix high. If a gambler comes to Vegas and drags his slot machine playing spouse with him, fine. Accommodate such slot players. Don't reach out to attract high end slot players. Slot players with substantial amounts of money are an illusory market.
Quote: FleaStiffWell, at least you didn't say anything about making Vegas a place to play Bingo.
Look at the demographics of slot players. They will play wherever it is most convenient to cash their pension checks. Import high end slot players? Nah. Acknowledge the writing on the wall: slot players are all over the place and between faux casino arcades that offer electronic bingo in the guise of slot machines or Indian casinos that offer real slot machines, slot players don't have to go to Vegas anymore.
So no need to offer inducements to keep the player mix high. If a gambler comes to Vegas and drags his slot machine playing spouse with him, fine. Accommodate such slot players. Don't reach out to attract high end slot players. Slot players with substantial amounts of money are an illusory market.
Well, then Vegas needs to downsize it's industry. Without the large numbers of small time players, Vegas is massively overbuilt. Harrah's will never get out of debt and it is unlikely construction will ever recommence.
