Thursday, July 12, 2007

inconvenient elasticities: casino competition

The Deal has a post about how New Jersey casinos are faring of late. In particular the differential trends for casinos that have more table games, and thus are less impacted by new Pennsylvania slots-only competition, and casino that rely more heavily on slots. To simplify: table games up, slots down. It's the type of data that portends where all this inter-state casino competition is heading. Couple that with other news from yesterday that West Virginia is progressing toward the legalization of table games. No correlation between those two stories now is there? You can see the report from the New Jersey Casino Control Commission (pdf)

and it is July 12th... Happy Birthday to the L'Ecran Magique, known to most of us as the Etch-a-Sketch. and yes, they even put Etch-a-Sketch artists at work on youtube.

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