CET offers for 2015
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- Video Poker Master
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Re: CET offers for 2015
[QUOTE=notes1]
alpax, i am interested, are all the casinos in CA indian properties? if so, the tribes may be self regulating themselves, via limiting the number of casinos being built. in many other markets, the states are deciding where and how many casinos are built. and, if the states have no skin (money) in the game, they will continue to allow more casinos than the market can bear.   this overbuilding of casinos, reminds me of the airline industry years ago. they kept ordering more planes, taking on new routes, an effort to get market share. as a result, there were price wars and they lost money. they have learned a lesson, limit the number of seats available (capacity) and they can control the price. now, they are making more money than they can count. i think you are doing the wise, comparing one casino offers against another.
Arizona's compact with the tribes located in thge state limits the number of slot machines in the state and per casino, thus putting a ceiling on overbuilding. The number of table games statewide is also limited.
Tribal-State Compacts - Arizona[/QUOTE]
Nice to see that the Arizona Gaming regulations are well organized and accessible online rather than in fine print.
From the Proposition 94 to 98, those 4 tribes gained the right to have up to 7500 slots in exchange for larger revenues towards the state, I do not know many Vegas casinos having 3000. The smaller tribes opposed to it for good reason since it will create a monopoly.
Well one of those 4 casinos, Morongo of Cabazon CA, once the right was won, they shut down one of the nightclubs and turned it into a room of slot machines. The cashier sections got consolidated into just a small booth, the bingo hall and poker room moved into those smaller spots, and the rooms were filled with more slot machines. They are still at 3300 slots out of their allocated 7500 (up from 2000 before the proposition).
alpax, i am interested, are all the casinos in CA indian properties? if so, the tribes may be self regulating themselves, via limiting the number of casinos being built. in many other markets, the states are deciding where and how many casinos are built. and, if the states have no skin (money) in the game, they will continue to allow more casinos than the market can bear.   this overbuilding of casinos, reminds me of the airline industry years ago. they kept ordering more planes, taking on new routes, an effort to get market share. as a result, there were price wars and they lost money. they have learned a lesson, limit the number of seats available (capacity) and they can control the price. now, they are making more money than they can count. i think you are doing the wise, comparing one casino offers against another.
Arizona's compact with the tribes located in thge state limits the number of slot machines in the state and per casino, thus putting a ceiling on overbuilding. The number of table games statewide is also limited.
Tribal-State Compacts - Arizona[/QUOTE]
Nice to see that the Arizona Gaming regulations are well organized and accessible online rather than in fine print.
From the Proposition 94 to 98, those 4 tribes gained the right to have up to 7500 slots in exchange for larger revenues towards the state, I do not know many Vegas casinos having 3000. The smaller tribes opposed to it for good reason since it will create a monopoly.
Well one of those 4 casinos, Morongo of Cabazon CA, once the right was won, they shut down one of the nightclubs and turned it into a room of slot machines. The cashier sections got consolidated into just a small booth, the bingo hall and poker room moved into those smaller spots, and the rooms were filled with more slot machines. They are still at 3300 slots out of their allocated 7500 (up from 2000 before the proposition).
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- Video Poker Master
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Maybe with the revenue that these additional machines bring in will allow for construction of an expansion?
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- Video Poker Master
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The additional slot machines will generate enough revenue for future expansion but not right away, but only one of those 4 have announced any expansion publicly so far. 7500 slots would a lot of revenue when each one is expected to have on average 1 million dollar cash put in at 8-10% hold. The state values the lottery and casinos as a hefty source of income, where as in Colorado state, it is tax from marijuana.
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- Video Poker Master
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Colorado has it backwards; they shouldn't tax the marijuana but instead they should tax the heck out of Doritos...