{"id":5759,"date":"2011-02-11T13:13:24","date_gmt":"2011-02-11T21:13:24","guid":{"rendered":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/?p=5759"},"modified":"2022-02-05T10:32:17","modified_gmt":"2022-02-05T18:32:17","slug":"caesars-too-good-for-cincy","status":"publish","type":"post","link":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/caesars-too-good-for-cincy\/","title":{"rendered":"Caesars too good for Cincy"},"content":{"rendered":"

\"\"Congratulations, Cincinnati<\/strong>, you’re getting a Horshoe<\/strong>-branded casino. Yup, the relatively low-key casino<\/a> planned for the Queen City’s historic district is getting the most down-market of the company’s three brands. This despite the fact that there’s already a Horseshoe casino just downriver in Evansville<\/span>, Elizabeth<\/strong>, Indiana.<\/p>\n

\"\"Once again, the Caesars imprimatur is perfectly splendid for Atlantic City<\/strong> and Windsor<\/strong>, Ontario, but too good for major American cities. If CEO Gary Loveman<\/strong> (left<\/em>) is to achieve his dream of making his casinos as ubiquitous as McDonalds<\/strong> (a brand with which he displays a curious obsession), keeping the Caesars brand locked in a drawer seems an odd way of going about it.<\/p>\n

On hand to help turn a ceremonial shovelful of dirt<\/a>, wearing a gold-plated hard hat, Loveman announced, “We’re going to make you proud here.” That would sound like just another in a long line of empty boasts were it not for the appointment of Harrah’s Entertainment<\/strong> veteran Kevin Kline<\/strong>. He’d participated in a successful regime change at Harrah’s New Orleans<\/strong> and helped steer a smooth — and indescribably lucrative — launch of the enormous Horseshoe Hammond<\/em>, up in Chicagoland. (It’s not a riverboat, it’s a subcontinent.)<\/p>\n

\"\"Also, the design of Horseshoe Cincinnati<\/strong> is very tasteful and its placement of restaurants on the outside of the property sends the right signals to area merchants — who justifiably fear that casinos will become black holes that suck all the business from their surroundings, as happened in Atlantic City. Some 3,800 jobs (mostly in construction) and a projected annual casino revenue of $517 million are nothing to sneeze at, either.<\/p>\n

On the subject of Horseshoe<\/strong>, if Loveman gets back into the game in Philadelphia<\/strong>, scrutiny of the low-end casino he proposed is warranted. On the one hand, drastically downsizing the budget (to $275 million) and size of “Horseshoe Philadelphia<\/strong>” was wise, given the saturation of the market and the inability of Pennsylvania<\/strong> casinos to justify budgets in excess of a half-billion dollars. This cannot be understated. With SugarHouse<\/strong> struggling in the early going, there’s not much ROI left in Philly these days. However, one can’t help noticing that Loveman has conceptualized a Philly casino that would as uncompetitive as possible with nearby Harrah’s Chester Downs<\/strong>, to say nothing of Caesars Atlantic City<\/strong> and its three sister properties.<\/p>\n

Which raises the question of what Caesars was doing in Philadelphia anyway? The whole escapade looks more and more like a cynical attempt to play “keep away” with the license, lest a serious rival obtain it, than with creating the major casino attraction that Keystone State lawmakers originally envisioned.<\/p>\n","protected":false},"excerpt":{"rendered":"

Congratulations, Cincinnati, you’re getting a Horshoe-branded casino. Yup, the relatively low-key casino planned for the Queen City’s historic district is getting the most down-market of the company’s three brands. This despite the fact that there’s already a Horseshoe casino just … 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":[23,28,14,7,68,22,84,53,91,95,111],"tags":[],"_links":{"self":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/5759"}],"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=5759"}],"version-history":[{"count":3,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/5759\/revisions"}],"predecessor-version":[{"id":30690,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/5759\/revisions\/30690"}],"wp:attachment":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/media?parent=5759"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/categories?post=5759"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/tags?post=5759"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}