2013-10-25
Two readers respond:
"Your 10/24/13 QoD answer says, 'Places like ... Panaca ... have at least one bar with some bartop video poker and slot machines, though no bona fide casino.' The Wikipedia entry for Panaca, NV says, 'It is the only municipality in Nevada to be 'dry' (forbidding the sale of alcoholic beverages), and the only community in Nevada besides Boulder City that prohibits gambling.' If Wiki is right, it sounds as if a Panaca bar with video poker would present a couple of conflicts -- what's the real story?"
And:
"Doesn't Cal-Nev-Ari have a casino, contrary to what today's QoD says? Not a huge one, but 30+ machines and at least one table."
2013-10-06
All I keep hearing is how Caesars Entertainment is deep in debt to the tune of $23 billion, and possibly going to file bankruptcy, yet they get money to fund the Linq, the Quad, Gansevoort, the room upgrades in the Jubilee Tower rooms at Bally’s, and now talk of doing the same for the Jubilee Tower suites and the Octavius Tower at Caesars. How’s that possible? Who’s lending them the money, when the company’s finances are in such dire straits?
2013-10-05
A year or so ago, you reported that for the first time in history, casinos took in more revenue from non-casino sources than from gambling. I just read a report by the American Gaming Association (AGA) that states that ‘more than two-thirds of industry revenue is generated on the casino floor, while the remaining third is generated via the food and beverage, hotel and other lines of business within the commercial casino properties.’ So which is correct? I know that you can make statistics say anything you want, but am I interpreting these two statements wrong?