Monday, February 08, 2010

Casino here Casino there

Philadelphia Inquirer today looks at the casino market out here: Suburban competition hurts Pittsburgh's Rivers Casino.  I suppose one has to retort a bit that the Philly folks can't get their casino operating at all, alas.

I was actually going to try and go to the casino for the first time on Saturday... of course it had to close.  It will be due to exogenous factors I know, but the casino earns most of its money Fri and Sat I imagine..  Saturday it was shut down hard and Friday evening must have been pretty quiet.  So I expect their revenues this week will be pretty minimal, probably the worst week since opening.  Again, it won't be a reflection of their marketing or anything, but it will nonetheless be a weeks worth of revenue and their fixed costs don't go away.   Weather happens.   Bad for them of course, and it will end at least a 2nd week of stable revenues.

They have a complementary article as well:  Pa. likely to steal Wheeling players.  Of course, to be consistent that argument can only go so far and will have a negative corollary when the Ohio casinos open not too long from now.


Anonymous johnnyg said...

"We assumed we had a great location and people would just come," said Rivers' chief executive officer Greg Carlin, who is also CEO of Philadelphia's SugarHouse Casino. "You have to give people a great product and a great experience and the right marketing offers for them to come."

As they say in the Guiness advertisements, "Brilliant!"

Monday, February 08, 2010 11:03:00 AM  
Blogger fester said...

Bet you a geek point that this week's revenue will be slightly better than G-20 week revenue.

Monday, February 08, 2010 11:08:00 AM  
Blogger C. Briem said...

raise you a latte...

were they not shut down Saturday altogether? Sunday Super Bowl biz may have made up some of it I suppose, but still.

Monday, February 08, 2010 11:56:00 AM  
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