tag:blogger.com,1999:blog-30130444.post116057697464226597..comments2024-02-16T09:00:32.845-06:00Comments on FromDC2Iowa: Gambling: Checking the MathUnknownnoreply@blogger.comBlogger3125tag:blogger.com,1999:blog-30130444.post-33187146373803481082008-07-15T04:38:00.000-05:002008-07-15T04:38:00.000-05:00The casino emphasized earlier this month that over...The casino emphasized earlier this month that over 50,000 gamblers passed through it's doors on the opening weekend. Yet the casino reported that less than 123,000 people came the whole month. The casino should be highly alarmed if attendance has dropped off that much.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-30130444.post-1161037012545540902006-10-16T17:16:00.000-05:002006-10-16T17:16:00.000-05:00Brad: Thanks for this. I've incorporated it into t...Brad: Thanks for this. I've incorporated it into the blog entry. -- NickNickhttps://www.blogger.com/profile/08467682953748756539noreply@blogger.comtag:blogger.com,1999:blog-30130444.post-1160588809374165802006-10-11T12:46:00.000-05:002006-10-11T12:46:00.000-05:00I don't think that the Riverside casino owners sho...I don't think that the Riverside casino owners should be so pleased with the numbers. There are three reasons why the attendance numbers should have been higher:<BR/><BR/>1) There were five full weekends in September, including a long holiday weekend.<BR/>2) There were three home football games to bring in the gamblers and hotel patrons. The casino won't see three home football games in one month for years to come.<BR/>3) It was the first month the casino was open. Certainly the novelty will wear off, especially when the gamblers realize the other casinos have "looser" slots and better promotions.<BR/><BR/>The casino emphasized earlier this month that over 50,000 gamblers passed through it's doors on the opening weekend. Yet the casino reported to the IRGC that less than 123,000 people came the whole month. The casino should be highly alarmed if attendance has dropped off that much.<BR/><BR/>What type of attendance will they see for the months of December through March? Looks like 1.6 million visitors per year was a bit of an ambitious estimate. Revenue will follow the attendance decline closely and the investors should refer back to their casino prospectus and read again the strong message to diversify.<BR/><BR/>Gambling is a tax on the stupid and the visitors to Riverside just proved last month that they're even dumber than the other gamblers in the state.Anonymousnoreply@blogger.com