{"id":19104,"date":"2016-11-08T08:13:21","date_gmt":"2016-11-08T16:13:21","guid":{"rendered":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/?p=19104"},"modified":"2016-11-08T08:14:37","modified_gmt":"2016-11-08T16:14:37","slug":"jacked-around-in-ohio-wrong-about-trump","status":"publish","type":"post","link":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/jacked-around-in-ohio-wrong-about-trump\/","title":{"rendered":"Jacked around in Ohio; Wrong about Trump"},"content":{"rendered":"

At this point, we don’t know jack about Dan Gilbert<\/b>‘s new “Jack” casino brand. In September, it appeared to be gaining traction with players. Then the bottom fell out. Jack<\/b> \"horseshoe\"Cleveland<\/b>‘s $15 million take was a 14% fall while Jack Cincinnati<\/b> stumbled 11%, grossing $14 million. The only Gilbert property where the rebranding has taken hold is ThistleDown Racino<\/b>, up 4% to $10 million. Of course, unless informed otherwise one should always assume that the top dog in Ohio<\/b> is Hard Rock Rocksino<\/b>, grossing almost $19 million, a 7% gain for Hard Rock International<\/b>. Statewide, gaming revenues were placid, flat with last year, in part due to a 9% decline in table wagering.<\/p>\n

Hollywood Toledo<\/b> ($15 million) was off 1.5% but Hollywood Columbus<\/b> ($18 million) was up 2%. Paradoxically, slot\/win\/day was better in Toledo<\/b> ($199) than in Columbus<\/b> ($179). Manager Penn National Gaming<\/b>‘s star performer continues to be Hollywood Austintown<\/b> ($282\/slot\/day), while Hollywood Dayton<\/b> was no slouch at $255\/slot\/day. The two racinos grossed $9 million and $8 million respectively. Miami Valley Gaming<\/b> had an outstanding month, up 10% for $11.5 million and Eldorado Resorts<\/b>‘ Scioto Downs<\/b> rose 4% to $12 million. Not even a 4% gain was enough to lift Pinnacle Entertainment<\/b>‘s Belterra Park<\/b> out of last place, grossing $6 million.<\/p>\n

* Today is Election Day (so get out and vote, pronto) and Global Market Advisors<\/b> tried to predict the outcome of a Donald Trump<\/b> victory, and we’d say GMA couldn’t hit the side of \"Trumpa barn with a shotgun. It heavily implied that Trump would get behind Sheldon Adelson<\/b>‘s crusade to ban Internet<\/b> gaming. Somebody’s not been paying attention. Private Citizen Trump has tried to get into the ‘Net-betting business and says it’s a multi-billion-dollar industry on which the U.S. is losing out — and he’s right. As for the other major area in which federal policy and gambling intersect, tribal gaming, the impact of a Trump presidency is hard to forecast. Trump was against it (vehemently) in New York State<\/b> but jumped with both feet into the California<\/b> market, one of his more successful casino endeavors. So, whether he’d continue the Obama administration’s tribal honeymoon or revert to the more restrictive policies of George W. Bush<\/b> is anyone’s guess.<\/p>\n

* Despite several positive economic indicators, JP Morgan<\/b> analyst <\/b>Joseph Greff<\/b> rated Station Casinos<\/b>‘ near term prospects no better than “OK.” This is in part due to some well-merited renovations at Palace Station<\/b> that are pegged at $115 million. New Station family member, the Palms<\/b> is projected to yield a $37 million return on investment next year, just under 12%. If Station can bolster locals play at the Palms, it will have made a very strategic acquisition indeed. As for its newly approved Reno<\/b> mini-casino, Station has no timeline for the project, despite the very low cost it will entail.<\/p>\n","protected":false},"excerpt":{"rendered":"

At this point, we don’t know jack about Dan Gilbert‘s new “Jack” casino brand. In September, it appeared to be gaining traction with players. Then the bottom fell out. Jack Cleveland‘s $15 million take was a 14% fall while Jack … 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":[154,42,199,26,190,165,37,53,71,159,69,30,111,79,12,57,20,38],"tags":[],"_links":{"self":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/19104"}],"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=19104"}],"version-history":[{"count":3,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/19104\/revisions"}],"predecessor-version":[{"id":19107,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/19104\/revisions\/19107"}],"wp:attachment":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/media?parent=19104"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/categories?post=19104"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/tags?post=19104"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}