{"id":16698,"date":"2015-09-09T10:45:06","date_gmt":"2015-09-09T18:45:06","guid":{"rendered":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/?p=16698"},"modified":"2022-12-22T07:25:36","modified_gmt":"2022-12-22T15:25:36","slug":"indiana-stumbles-green-shoots-in-macao","status":"publish","type":"post","link":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/indiana-stumbles-green-shoots-in-macao\/","title":{"rendered":"Indiana stumbles; &#8220;Green shoots&#8221; in Macao"},"content":{"rendered":"<p>Foot traffic was down 15% in <strong>Indiana<\/strong> casinos last month and even though players spent 10%, it wasn&#8217;t quite enough to stave off a 7% <a href=\"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-content\/uploads\/2012\/03\/belterra.jpg\"><img loading=\"lazy\" class=\"alignright size-medium wp-image-8749\" src=\"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-content\/uploads\/2012\/03\/belterra-300x194.jpg\" alt=\"belterra\" width=\"300\" height=\"194\" srcset=\"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-content\/uploads\/2012\/03\/belterra-300x194.jpg 300w, https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-content\/uploads\/2012\/03\/belterra-150x97.jpg 150w, https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-content\/uploads\/2012\/03\/belterra.jpg 800w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/a>decline. (The numbers are worse if you don&#8217;t count free play as revenue, which Indiana casinos are permitted to do. They&#8217;re better if you remember that Labor Day weekend fell in August last year.) <strong>Pinnacle Entertainment<\/strong> was the big winner for the month, up 1% at <strong>Belterra<\/strong> and 4% at <strong>Ameristar East Chicago<\/strong>. Down south,\u00a0<strong>Penn National Gaming<\/strong>&#8216;s <strong>Hollywood Lawrenceburg<\/strong> continues to be decimated by <strong>Ohio<\/strong> competition, down 20%. By contrast, even though it had the lowest gross in the state ($4.5 million), <strong>Full House Resorts<\/strong>&#8216; <strong>Rising Sun<\/strong> was only off 7%.<\/p>\n<p>Forever besieged by tribal casinos in <strong>Michigan<\/strong>, business at <strong>Boyd Gaming<\/strong>&#8216;s <strong>Blue Chip<\/strong> was down 2%, while normally reliable <strong>Caesars Entertainment<\/strong> casinos were <!--more-->well off the pace. <strong>Horseshoe Hammond<\/strong> dove 12%, while <strong>Horseshoe Southern Indiana<\/strong> took an 11% plunge. Even the racinos wilted in the heat, with <strong>Hoosier Park<\/strong> declining 6% while\u00a0<strong>Indiana Downs<\/strong> was flat. In this context, that counts as a moral victory or something like that.<\/p>\n<p>* Some good news out of <strong>Macao<\/strong>? Looks that way. Casino revenues so far this month are $77 million, ahead of the $71 million at the same point in August. Chinese players, meanwhile, continue to seek out <strong>Singapore<\/strong> as alternative, although <a href=\"http:\/\/www.ggrasia.com\/casino-industry-in-singapore-malaysia-stable-fitch\/\" target=\"_blank\" rel=\"noopener\">this hasn&#8217;t translated into higher win rates<\/a> for <strong>Genting Group<\/strong>&#8216;s <strong>Resorts World Sentosa<\/strong>. Genting also has a problem getting its VIPs to honor their debts, with &#8220;days receivable&#8221; frequently exceeding three months.<\/p>\n<p>* Did <strong>GVC Holdings<\/strong> overpay for <strong>Bwin.Party Digital Entertainment<\/strong>? Rival <strong>888 Holdings<\/strong> <a href=\"http:\/\/www.nytimes.com\/2015\/09\/05\/business\/dealbook\/bwin-gvc-888-deal.html?_r=1&amp;WT.mc_id=SmartBriefs-Newsletter&amp;WT.mc_ev=click\" target=\"_blank\" rel=\"noopener\" class=\"broken_link\">seems to think so<\/a>, saying &#8220;it cannot see sufficient value in bwin.party to warrant a revision to its offer,\u201d in its concession statement. Now we&#8217;ll see if GVC gets its $1.7 billion worth.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Foot traffic was down 15% in Indiana casinos last month and even though players spent 10%, it wasn&#8217;t quite enough to stave off a 7% decline. (The numbers are worse if you don&#8217;t count free play as revenue, which Indiana &hellip; <a href=\"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/indiana-stumbles-green-shoots-in-macao\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[60,14,198,120,190,7,68,37,62,71,69,30,111,108],"tags":[],"_links":{"self":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/16698"}],"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=16698"}],"version-history":[{"count":2,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/16698\/revisions"}],"predecessor-version":[{"id":32094,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/16698\/revisions\/32094"}],"wp:attachment":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/media?parent=16698"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/categories?post=16698"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/tags?post=16698"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}