*Blog postings do not necessarily reflect the views of Fantini Research

By Steve Norton

CEO, Norton Management

James Gill: As Riverboat Casinos Move Onshore, A Reminder How it Isn’t an ‘Expansion of Gambling’

My comment: 

Louisiana is wise to allow riverboat casinos to move to resort facilities on dry land. The state has already increased the amount of gaming equipment allowed by replacing the 30,000 sq. ft. casino maximum size with a number of gaming positions to 2,365, almost double the number allowed in Illinois riverboat casinos.

What would help the Louisiana casino operators even more, is if the state allowed some casinos in Shreveport and Baton Rouge to locate to new communities with meaningful population, but not necessarily on a navigable river.

By Steve Norton

CEO, Norton Management

Gambling Companies Struggling to Pick the Millennial Wallet

My comment:

Gaming manufacturers have been trying to create games with some element of skill that can mimic
the video games that the Millennials have been playing since their youth. But the math doesn't work because a slot machine develops a game decision six or eight times a minute where a video game can take 10 minutes or longer.

By Steve Norton

CEO, Norton Management

The Chainsmokers Draw Millennials to Atlantic City

My comment:

What I would like AC casinos and hotel/motel operators, to tell the press is if they had concert goers staying overnight, Sunday, or dining in area restaurants or visiting the casinos.

AC has a big problem, commencing after Labor Day, when we have to find overnight visitors to provide reasonable mid-week occupancy to the nine casinos, including 3,000 new rooms at the Hard Rock and Ocean Resort. AC needs to start promoting to markets outside the North East and make a deal with some commercial airline company to provide service from the South, starting with Atlanta.

By Steve Norton

CEO, Norton Management

MM&I Folds Casino Plan

My comments:

Bermuda doesn't need a referendum to approve one or two casino licenses for the Islands. The decision should be made by the legislature and should be about adding an important amenity to a resort destination; an amenity that will improve hotel occupancies, and actually provide some new jobs and tax revenue for the country.

If a referendum is considered prudent, it should be to determine if Bermuda’s citizens and residents should be allowed to gamble, and if so, whether there should be frequency restrictions, or entry fees for the local market.

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