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NORTON'S NOTES: Fertitta Joins in GA Interest
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- Hits: 1172
by Steve Norton
CEO, Norton Management
Billionaire casino owner sets sights on Georgia
Tilman Fertitta has joined other Nevada firms in showing an interest in Georgia as a casino destination. Proposed legislation has gone from 6 casinos, with 2 in Atlanta, down to 2 statewide, with a single casino in Atlanta, probably located downtown; where it would be a great asset to existing hotel accommodations and the convention/ trade show demand.
NORTON'S NOTES: WV now in same boat as AC
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- Hits: 1199
by Steve Norton
CEO, Norton Management
Pennsylvania, Ohio Casinos Hammer West Virginia Profits | News, Sports, Jobs - The Intelligencer
My comment:
West Virginia, your plight is very similar to that of Atlantic City.
Except you missed at least 20 years of monopoly conditions, like that enjoyed in AC.
NORTON'S NOTES: Ohio's Downtown Casinos a Bad Idea?
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- Hits: 1314
by Steve Norton
CEO, Norton Management
Talk it out: Have Northeast Ohio's casino and racinos met expectations? | cleveland.com
My comment:
Ohio's big mistake in locating their casinos was in choosing downtown over suburban sites. You only have to look at St. Louis and Kansas City, to see the folly of a downtown location; compared to other casinos in the neighborhoods.
NORTON'S NOTES: Georgia Lottery Safe from Casinos
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- Hits: 1232
by Steve Norton
CEO, Norton Management
Deal wants assurances casino bill won’t ‘devastate’ Georgia lottery | Political Insider
My comment:
Governor Deal does not have to worry about two, or even six, casinos or race tracks with slots impacting the State Lottery. When helping the MA Senate on their earlier efforts to pass casino and racino Legislation, I prepared a study on State Lotteries, where new gaming had been introduced. In states like California, Illinois, Missouri, Indiana and New Jersey, lotteries grew in revenue, along with the casinos.