SUN: Racing's media makeover paying off

[dalakhani]

Originally Posted by Cannon Shell

The arent that far from profitability. Ok.

They have already marked the condo prices down 30% and they had as many people walk away and give up their deposits as people who bought places. They have to provide all the financing for the few people that do want to buy. Thier centerpiece hotel opened and is 23% off the rest of the strip in occupancy. They have a $500 million dollar construction expense dispute.

So virtually no one is buying their condos. As many people walked away as bought. The few that did buy cant get financing anywhere else. No one is staying in their hotel. And you claim that they are close to profitability. I suppose that MGM stock should be a strong but that $14 then? How much MGM stock do you own since you seem to be closing your eyes and wishing that all the bad news clouds would disappear?

Actually, if you changed your google search, you might find that the convention booking is surging for the second half of 2010 and into 2011 and occupancy will be greater than 80%. The reason they were running at lower occupancy was to protect their price point which is going to be higher being geared to convention business.

Aria has actually improved occupancy in each successive month since its open. Remember, the average price per night is $194 vs.97.21 for the rest of the strip. May bookings indicate over 80% occupancy.

[Cannon Shell]

Originally Posted by dalakhani

Actually, if you changed your google search, you might find that the convention booking is surging for the second half of 2010 and into 2011 and occupancy will be greater than 80%. The reason they were running at lower occupancy was to protect their price point which is going to be higher being geared to convention business.

Aria has actually improved occupancy in each successive month since its open. Remember, the average price per night is $194 vs.97.21 for the rest of the strip. May bookings indicate over 80% occupancy.

Perhaps you should be working for MGM since you seem to be the only person who is so bullish on this project.

[dalakhani]

Originally Posted by Cannon Shell

Perhaps you should be working for MGM since you seem to be the only person who is so bullish on this project.

Perhaps. But this is straying way off the original topic.

Charlestown does well because the horse racing product is just part of the overall package. Borgata does well because the gambling product is just a part of the total package.

Both places have done a great job marketing to non traditional gaming demographics and thus have outperformed most everyone else in their respective sectors.

Neither Borgata's nor Ctown's rewards programs are any better than their competitors nor are their payouts/takeouts any better. If anything, they are worse.

So whats the difference? Aren't there lessons to be learned?

[Cannon Shell]

Originally Posted by dalakhani

Perhaps. But this is straying way off the original topic.

Charlestown does well because the horse racing product is just part of the overall package. Borgata does well because the gambling product is just a part of the total package.

Both places have done a great job marketing to non traditional gaming demographics and thus have outperformed most everyone else in their respective sectors.

Neither Borgata's nor Ctown's rewards programs are any better than their competitors nor are their payouts/takeouts any better. If anything, they are worse.

So whats the difference? Aren't there lessons to be learned?

Proof of this?

[dalakhani]

Originally Posted by Cannon Shell

Proof of this?

Proof of their of their sucess or proof that the reasons listed are the cause of their respective success?

[Cannon Shell]

Originally Posted by dalakhani

Proof of their of their sucess or proof that the reasons listed are the cause of their respective success?

Well proof that their success is because of the reasons that you are claiming.

[dalakhani]

Originally Posted by Cannon Shell

Well proof that their success is because of the reasons that you are claiming.

You really can't prove it irrefutably. Can you speculate as other reasons? Perhaps Im wrong.

[Sightseek]

With slots bill pending, Arlington looks ahead

"Gaming itself can be successful" said Arnold, "but if we want to truly make it maximally effective competing in the marketplace, I think we're going to need a couple other components. We've been updating studies that have already been done, and they're indicating that we need to consider having some additional upscale food and beverage opportunities in addition to the traditional casino buffet. Also, we'd be considering selective retail, as well as an entertainment venue."

http://www.drf.com/news/article/112854.html