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

By Steve Norton
CEO, Norton Management

How Weather Favors Las Vegas vs. Atlantic City

My comment:

I am a little surprised by Rummy Pandit's comment that Atlantic City's weather has a greater negative impact on our casinos than in Las Vegas. In both, visitors usually spend their time indoors, although I agree AC has more snow and rain than Vegas, it does not have the heat. Plus, the charts he included, were interesting but don't really answer the question, of why AC's casino occupancies were lower than Las Vegas’.

By Steve Norton
CEO, Norton Management

MGM Springfield Casino Faces Challenges with Connecticut and Encore Boston Harbor in 2019

My comment:

Finally.

I have watched and participated on the casino gaming issue in Massachusetts, going back to the mid-1990s. Then the state was considering riverboat casinos, and I was negotiating a deal, as Argosy's President, for a site on the Connecticut River in Springfield.

Between 2001 and 2003, I assisted the MA Senate as they passed a resort casino bill, and later a bill for slot machines at racetracks, but both legislative efforts were killed by successive, anti-gaming, House speakers.

By Steve Norton
CEO, Norton Management

Southwest Virginia Lawmakers Push Legislation to Boost a Struggling Region

My comment:

It's very desirable that Virginia legislators are considering casino gaming to help distressed areas where so many workers have lost their jobs in mining. But for casinos to be successful you either need a large local population, be close to a metropolitan city, or have resort attractions, like beaches, amusement parks, great entertainment and a meaningful number of first-class accommodations.

The closest metro populations to Bristol are:
1) Ashville, NC, 87 miles, population 460 thousand;
2) Knoxville, TN, 114 miles, population 854 thousand; and
3) Roanoke, VA, 147 miles, population 314 thousand.

Nagacorp grew adjusted EBITDA 60 percent as Naga2 which opened in November 2017, continues to ramp up.

VIP has especially been in demand at Naga2, and junketeer Suncity will move to a new location to enhance business. Nagacorp expects Macau’s top four junkets to be operating at Naga2 this year.

There’s been minimal cannibalization as Naga2 attracts new customers while Naga1 has retained its customer base, the company said.

Increased Chinese visitation to Cambodia, up 69 percent to 1.8 million through 11 months last year, has also helped business, the company said.

VIP handle grew 69 percent to US$35.659 billion last year with win rate steady at 3 percent.

Want to reach the most elite audience of investment professionals and corporate executives in the gaming industry? Then advertise on our website. Others target. We pinpoint. Just visit our Advertising Rates section to learn more.