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Thread: Casino Business in General--Is it finally at saturation point?

  1. 09-30-2014, 02:20 AM #27
    Bodarc
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    US Exports vs Imports

    1992
    -39,312
    2013
    -476,000

    That is in millions of dollars so it is -$476,000,000,000

    The jobs left the US so there is not enough gambling money available to support all of the new casinos.
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  2. 09-30-2014, 03:06 PM #28
    Ouchez
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    Quote Originally Posted by Bodarc View Post
    US Exports vs Imports

    1992
    -39,312
    2013
    -476,000

    That is in millions of dollars so it is -$476,000,000,000

    The jobs left the US so there is not enough gambling money available to support all of the new casinos.

    Bodarc,

    VERY wise post, and spot on!!
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  3. 10-01-2014, 03:28 PM #29
    MJGolf
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    Gambling worth $240 Billion 1.7 Million jobs in 2013

    Oxford Economic report. Link chosen, though other news sites because this one has report, fact sheet and methodology to review. Interesting comment that MGM's CEO says that in Vegas 70% of their revenue last year was NON-Gaming now.............That's a very high number in my mind and reflects how much things have changed where gambling DROVE the ship. No wonder comps reduced and play NOT as important.

    Link: www.multivu.com/players/English/7338051-american-gaming-association-releases-oxford-economics-gaming-industry-impact-study/

    "Women and cats will do as they please, and Men and dogs should just relax and get used to the idea" --- Robert A. Heinlein
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  4. 10-07-2014, 09:23 AM #30
    MJGolf
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    Another business/finance article supporting original opinion of decline

    Online poker and gambling a big bust so far for sure.............

    Link: www.fool.com/investing/general/2014/10/07/g2e-2014-online-pokers-fundamental-problems.aspx



    Interesting Wynn is joining Adelman to fight it now.
    "Women and cats will do as they please, and Men and dogs should just relax and get used to the idea" --- Robert A. Heinlein
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  5. 10-08-2014, 03:29 PM #31
    bigplayer
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    Not yet, but close. Texas is still wide open.
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  6. 10-08-2014, 03:43 PM #32
    Three
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    Quote Originally Posted by bigplayer View Post
    Not yet, but close. Texas is still wide open.
    You know when they get around to it they will be big casinos. After all everything is big in Texas.
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  7. 10-08-2014, 05:02 PM #33
    Norm
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    Texas may not want to interfere with all the non-legal gambling that occurs in the state. Which is enormous.
    Last edited by Norm; 10-09-2014 at 07:14 PM.
    "I don't think outside the box; I think of what I can do with the box." - Henri Matisse
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  8. 10-09-2014, 07:09 PM #34
    MJGolf
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    Since Texas has been brought up......possible changes in store?

    What I get from the article is some call them slot machines and that they will open the door to other gambling. But they appear to be machines that allow post race betting on races already run, with actual race description information withheld. If this isn't an opportunity for AP, I don't know what is. I'm no horse man or bettor BUT I know folks that remember and keep track of races over time religiously. Surely if they do this, some "intelligent" horse bettor is going to be able to use historical data to beat these machines, right?

    Link: www.star-telegram.com/2014/10/06/6177573/are-slot-like-machines-soon-heading.html?rh=1



    Was in Ft. Worth this past weekend and this was front page news in paper.
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  9. 10-10-2014, 05:39 AM #35
    muffdiver
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    Sort of like betting on a TV replay in football. Saw a drunk woman do it once (taking the wrong side).
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  10. 10-10-2014, 07:18 AM #36
    mjbballar23
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    Quote Originally Posted by bigplayer View Post
    Not yet, but close. Texas is still wide open.
    NM, OK, and LA have been paying off Texas politicians for years to ensure that gambling is not legalized in Texas.
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  11. 10-15-2014, 05:56 AM #37
    MJGolf
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    Quote Originally Posted by mjbballar23 View Post
    NM, OK, and LA have been paying off Texas politicians for years to ensure that gambling is not legalized in Texas.
    Well the money from OK is NOT from anyone BUT the tribes...........they sponsor things in Texas, too to get their name out. I've seen Chickasaw and Choctaw tribe advertising and sponsorships there. But they are NOT sponsoring or lobbying for gaming FOR SURE. If ANYONE has watched the expansion at WinStar and Choctaw Casino Durant, which are as big as anything outside Vegas or Atlantic City domestically, they will see that Texas has brought a lot of gambling money to those tribes (and trickle down effect to the State). LA even advertises their casinos in OK to get TEXANS to gamble there INSTEAD of OK. LOL
    "Women and cats will do as they please, and Men and dogs should just relax and get used to the idea" --- Robert A. Heinlein
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  12. 10-17-2014, 06:49 AM #38
    MJGolf
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    Did anyone see this? Looks like "evil empire" is coming to grips with it's finances

    Link: www.businessweek.com/news/2014-10-16/caesars-amends-pact-paving-way-for-january-bankruptcy



    Has anyone else noticed any decline in mailers or advertising this quarter?
    "Women and cats will do as they please, and Men and dogs should just relax and get used to the idea" --- Robert A. Heinlein
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  13. 10-18-2014, 05:54 AM #39
    Three
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    Nope. I read BP's post (i think) on how not to get in trouble with the by having non-gambling visits. I made the appropriate adjustments. If anything my offers have increased. Perhaps they are offering more to certain profiles and less to others based on the players theo to the casino on each visit.
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