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Post by trackrat on Aug 15, 2009 8:28:36 GMT -5
With the state requiring a $65 million licensing fee AND $20 million dollars in improvements to the facility in the first year, isn't that, in itself, a huge gamble, in light of the fact that the voters might also approve four competing, full service casinos? If the new casinos have table games, how is Northfield going to compete with just slots available?
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Post by thegiss on Aug 17, 2009 10:09:12 GMT -5
With the state requiring a $65 million licensing fee AND $20 million dollars in improvements to the facility in the first year, isn't that, in itself, a huge gamble, in light of the fact that the voters might also approve four competing, full service casinos? If the new casinos have table games, how is Northfield going to compete with just slots available? Good question. |
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Post by cliff on Aug 21, 2009 23:18:22 GMT -5
Dilution of the product might hurt, but it shouldn't be fatal considering that a casino's gaming profits are approximately 80% from slots and only 20% from table games. Race and sports books, and poker rooms are break even (or at least the casino hopes they do).
Also consider that Las Vegas supports 40+ casinos for locals (off strip), and countless slot parlors in a market that is considerably smaller than greater Cleveland.
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Post by 1stover on Nov 2, 2009 13:25:08 GMT -5
Jobs gained and lost is a ' push ' horse industry loses jobs casinos add jobs, I prefer playing horses to table gaming or slots, handicapping horses gives me an advantage, I will vote 'no ' on the issue!
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