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NORTON'S NOTES: GEORGIA CASINOS
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by Steve Norton
CEO, Norton Management
Casino gaming would pump funds into Hope Scholarship | WRBL
My comment;
Casino gaming is not new to Georgia. As a child, I remember slot machines being offered at the Faryland Club, on Lookout Mountain, GA; where my Father was the Manager. And nearby was the Lookout Mountain Hotel with a full casino.
NORTON'S NOTES: Millennials and Non-Gaming Revenue
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by Steve Norton
CEO, Norton Management
Gambling bosses discuss future of the industry at ICE 2017
My comment:
Millennial's have grown up on video games, where skill is an important requisite. Even though the slot manufacturers are developing games that require skill. But to introduce skill in a slot machine, forgets that the typical slot game has a decision every 5 or 6 seconds, leaving little time for serious intellectual thought.
NORTON'S NOTES: No Slump in Singapore
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by Steve Norton
CEO, Norton Management
Influx of tourists fail to lift Singapore’s casino market in 2016
Singapore should not be concerned by the reduction in customer spending in the two casinos, as long as the visitor numbers keep climbing, and revenues are spent elsewhere. In 1990, I was President/COO of the LV Sands, owned by Sheldon Adelson; the year we opened the Sands Expo Center, and Las Vegas passed Chicago as the Convention capital of North America. We hosted the largest trade show, the computer industry's Comdex (with 170,000 attendees and exhibitors), also owned by an Adelson company; and used all of the convention and exhibit space of the LV Convention Center, Caesars Palace, Bally, the LV Hilton and the Sands Expo Center. Since then, the LV Strip has learned that earnings can come from the rooms, food, beverage, and convention departments, and exceed those of the casino. Casino win has dropped from the 70 percent to 80 percent range of total revenue to only 35 percent; but the non casino departments provided 73 percent of the departmental profits, atf the 23 largest casino resorts (year end 6/30/16).
NORTON'S NOTES: Macau Smoking Lounges Stay
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by Steve Norton
CEO, Norton Management
Macau casinos can keep smoking lounges, lose VIP exemption - CalvinAyre.com
My comment:
Fortunately the Macao gaming growth from the new hotel room capacity, and the increase in overnight visitor stays, could offset the negative impact from the ban on smoking in casino rooms. Some premium players will switch to another casino jurisdiction, and others will spend less times at the games, because of their smoke breaks.