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Ken Adams Gaming Guru - Page 2  Quick-takes: The month's trends in a glance - August 20081 September 2008
Finding signs of the economic downturn is not difficult; in fact, avoiding them is the challenge. By now, in the 7th month of 2008, it is clear that gaming is very much a part of the economic downturn. You read everywhere about signs of the downturn in gaming. Almost universally, jurisdictions and individual companies are reporting less revenue. ... (read more)
Bits and Pieces from Indian Country - August 20081 September 2008
Indian gaming is not radically different when it comes to financing; tribal projects are being delayed and scaled back just as with other casino projects. But those that have the financing are pushing forward and opening new casinos or new projects. California, Michigan, Oklahoma and New Mexico are all ... (read more)
Quick-takes: The month's trends in a glance - July 20081 August 2008
TAKE ONE
Gaming in the United States has matured; growth into new markets is slowing as there are fewer new jurisdictions available for expansion and revenues are flat or declining in the face of a challenging economy. We are all feeling the rising price of gasoline, the tightening of the credit market, ... (read more)
Bits and Pieces from Indian Country - July 20081 August 2008
Indian gaming numbers for 2007 were released by the National Indian Gaming Commission. Indian gaming is still growing, although the growth has slowed to 5 percent. The Indian Gaming Regulatory Act is twenty years old this year and revenues have grown from $200 million to $26 billion. It isn't likely that ... (read more)
Quick-takes: The month's trends in a glance - June 20081 July 2008
By now, everyone in the country "gets it" at a personal level. The economy is not improving, and the price of gasoline is pushing its impact deeper and deeper into the rest of the economy and all of our daily lives. Most travel destinations are experiencing a downturn; airlines are desperately trying to ... (read more)
Bits and Pieces from Indian Country - June 20081 July 2008
As the rest of the gaming industry goes, so goes Indian gaming – or at least in the most mature markets. Customers at Indian casinos are paying more for gasoline along with everyone else. And as important, Indian casinos that need to borrow money, borrow it from the same places and the same people as any other casino. ... (read more)
Bits and Pieces from Indian Country - May 20081 June 2008
As dismal as gaming news in general may be, Indian gaming, while subject to the same economic pressures and trends, has a couple of very positive stories. The Seminole Tribe of Florida is certainly one of those stories. The tribe, with a newly approved compact, is ramping up its casinos, adding Class III slot machines and Class III table games. ... (read more)
Quick-takes: The month's trends in a glance - May 20081 June 2008
It is no longer a secret that the economy is in a downturn. Whether we use the word recession or refuse to use it, it is clear that 2008 is not the best of times for business or consumers. Casinos and casino stocks are no exceptions: most jurisdictions are reporting lower gaming revenues, and casinos stocks are down even more than the revenues. ... (read more)
Bits and Pieces from Indian Country - April 20081 May 2008
Las Vegas, with the aid of the IRS and FBI, is struggling to get a grip on nightclubs. The clubs seem to have created a world of their own. The atmosphere and the activities are edgy, pushing the limits of age, alcohol and drugs to match the edginess of the décor and entertainment. The clubs are ... (read more)
Quick-takes: The month's trends in a glance - April 20081 May 2008
TAKE ONE
Tough times for New Jersey. Some blame the economy, some blame the smoking restrictions, and some blame the slot machines in Pennsylvania. Governor Jon Corzine is tightening his belt and predicting continued declining revenues for Atlantic City. The legislature is taking no chances on the ... (read more)
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