{"id":14971,"date":"2014-11-10T14:43:54","date_gmt":"2014-11-10T22:43:54","guid":{"rendered":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/?p=14971"},"modified":"2022-05-19T04:40:26","modified_gmt":"2022-05-19T12:40:26","slug":"brainless-in-connecticut-jobless-in-las-vegas","status":"publish","type":"post","link":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/brainless-in-connecticut-jobless-in-las-vegas\/","title":{"rendered":"Brainless in Connecticut; Jobless in Las Vegas"},"content":{"rendered":"

\"Mohegan<\/a>What do you do when your slot revenues are declining? Build more casinos, of course<\/a>! That’s the idea Mohegan Sun<\/strong> is pushing in Connecticut<\/strong>, with the help of a few well-placed lawmakers. It’s a no-brainer … as in, you’d have to have no brain to think it’ll work. Foxwoods Resort Casino<\/strong> is staying on the sidelines for now, but Mohegan Sun’s concept appears to be build satellite casinos to capture Connecticut gamblers who might try to escape over the border to Massachusetts<\/strong> (or New York<\/strong>).<\/p>\n

One interesting thing that has come of this is Mohegan Sun’s commitment that\u00a0\u201cWe did not win the competition for a [Boston<\/strong>] license and so now we are ready to compete for the business of Connecticut gaming casino gaming enthusiasts.\u201d If Beantown Mayor Martin “McCheese” Walsh<\/strong> gets the urge to sue Wynn Resorts<\/strong> in favor of Suffolk Downs<\/strong>, it could be a great deal more difficult now that he no longer has Mohegan Sun for a stalking horse.<\/p>\n

* Rather than rushing to an expedient, day-after-the-election decision, Wisconsin<\/strong> Gov. Scott Walker<\/strong> (R) is going to take the matter of a Menominee Indian Tribe<\/strong> casino right down to the last day available<\/a>.\u00a0“We’ll use the full legal process available to us,” Walker said somewhat cryptically. Since it would increase gambling capacity in Wisconsin and lacks the support of the Forest County Potowatomi<\/strong>, the Hard Rock<\/strong>-branded project would appear to have two strikes against it in his book. If Potowatomi revenue-sharing dollars with the state are imperiled by a Menominee project, so much the worse for the latter. “It could be about $100 million or more,” Walker said, “and that’s a real concern for us.”<\/p>\n

* The Cosmopolitan of Las Vegas<\/strong> proceeds\u00a0to eke its way, slowly, toward breaking even<\/a>, helped along by an 11% revenue increase. Long the trailblazer, food and beverage revenues maxed out at 3% up but casino revenue was up 25%, hitting the $55.5 million mark. Entertainment and retail also continued to grow impressively as cash spigots, gushing out a 38% increase, while hotel rooms generated 20% more than 3Q13. Cosmo management issued a “victory is ours” press release, even though they continue to lose money by the bushel.<\/p>\n

*\u00a0\u201cWe continue to note an apparent lag between improving economic conditions and \"Resorts<\/a>gaming growth,\u201d sayeth Union Gaming<\/strong> analyst Robert Shore<\/strong>, summarizing the mystery that is the Las Vegas<\/strong> locals market. We keep being told that the economy is improving, jobless numbers are<\/em> down but locals-casino numbers just aren’t rebounding as they ought. Amidst this context, small operators are playing an Alphonse-and-Gaston act with Resorts World Las Vegas<\/strong>. We’re into November and yet there’s no sign of Genting Group<\/strong>‘s promised autumn groundbreaking. Yet Boyd Gaming<\/strong> and Station Casinos<\/strong> must dance attendance on Genting<\/a>, and the thousands of construction and (eventually) casino workers it will bring … they hope.<\/p>\n

In the meantime, MGM Resorts International<\/strong>‘s 600 construction workers aren’t going to cut it, even if the breed traditionally works and plays hard. In the meantime, around here if you hear of a new business opening, likely as not it’s a thrift store. Disconnects abound in our local economy (and SLS Las Vegas<\/strong> is temporarily closing its buffet<\/a>).<\/p>\n","protected":false},"excerpt":{"rendered":"

What do you do when your slot revenues are declining? Build more casinos, of course! That’s the idea Mohegan Sun is pushing in Connecticut, with the help of a few well-placed lawmakers. It’s a no-brainer … as in, you’d have … 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":[60,66,18,166,120,165,112,11,167,101,162,57,31,9,20,170],"tags":[],"_links":{"self":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/14971"}],"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=14971"}],"version-history":[{"count":2,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/14971\/revisions"}],"predecessor-version":[{"id":31180,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/14971\/revisions\/31180"}],"wp:attachment":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/media?parent=14971"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/categories?post=14971"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/tags?post=14971"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}