{"id":11728,"date":"2013-10-07T11:42:10","date_gmt":"2013-10-07T19:42:10","guid":{"rendered":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/?p=11728"},"modified":"2018-09-24T09:17:41","modified_gmt":"2018-09-24T17:17:41","slug":"illinois-blues-g2e-revisited-ohio-one-year-later","status":"publish","type":"post","link":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/illinois-blues-g2e-revisited-ohio-one-year-later\/","title":{"rendered":"Illinois’ blues; G2E revisited; Ohio, one year later"},"content":{"rendered":"

Illinois<\/strong>‘ casinos got kicked in the pants last month, as revenues and foot traffic were down 9% each. The lone bright spot was Caesars Entertainment<\/strong>, which beat expectations, up 1%. True, Harrah’s Metropolis<\/em> was off 22% but strong numbers at Harrah’s Joliet<\/em> (up 14%) pushed the company’s numbers into the “plus” column. Despite being by far the highest grossing casino in the Land of Lincoln — $35 million — Rivers Casino<\/strong> slipped 13%. Penn National Gaming<\/strong> had a terrible month at all its properties: -11.5% at Alton Belle<\/em>, 15% at Empress Joliet<\/em> and -13% at Hollywood Aurora<\/em>. Wrote J.P. Morgan’s Joseph Greff, “these results are generally reflective of the well-known softness in the\u00a0lower-end regional gaming consumer.”<\/p>\n

It gives one an idea how little is expected from Illinois that Boyd Gaming<\/strong>‘s Par-A-Dice<\/em> slid 5% and still<\/em> beat analyst expectations. In any event, operators need to find out what Harrah’s Joliet<\/em> was doing last month and give it a try themselves.<\/p>\n

G2E redux<\/strong>. Miss Global Gaming Expo<\/strong>? The Las Vegas Review-Journal<\/em>‘s Howard Stutz<\/strong> makes you feel like you attended the whole damn thing<\/a>. One can almost taste the stingray patties.<\/p>\n

Objections to the expansion<\/strong> of casino gambling in New York State<\/strong> are coming from an unexpected direction — venues that specialize in the \"NY<\/a>performing arts. “Because of casino revenues, they can subsidize all the acts, which means they can pay the performers more or they can charge less for tickets, and I think that can undermine the community based organizations that really add to the quality of life and add arts and culture to the community<\/em>,” complained\u00a0Albany Colonie Chamber of Commerce<\/strong> President Mark Eagan<\/strong>. He wouldn’t find that true of Las Vegas<\/strong>, but that latter is a one-off in many respects with regard to the casino industry.<\/p>\n

Trickle-down economic effects<\/strong> of Penn National’s Hollywood Casino Columbus<\/strong> have been slow to materialize<\/a> … but the place has only been open a year. Critics should show a little more patience.<\/p>\n","protected":false},"excerpt":{"rendered":"

Illinois‘ casinos got kicked in the pants last month, as revenues and foot traffic were down 9% each. The lone bright spot was Caesars Entertainment, which beat expectations, up 1%. True, Harrah’s Metropolis was off 22% but strong numbers at … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[60,14,104,7,58,101,71,69],"tags":[],"_links":{"self":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/11728"}],"collection":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/comments?post=11728"}],"version-history":[{"count":2,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/11728\/revisions"}],"predecessor-version":[{"id":22520,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/11728\/revisions\/22520"}],"wp:attachment":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/media?parent=11728"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/categories?post=11728"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/tags?post=11728"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}