[vpFREE] Re: rental car from Rio or Palms area?

 

Finally got smaller Enterprise for $11 more than Dollar at Swenson.  Smaller car more $$, but probably 15 - 20  minutes closer. I'd rather save the time...


Cheers...Jeep


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Posted by: whitejeeps@yahoo.com
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Re: [vpFREE] Re: The Oregon Video Lottery

 

Never mind then. The inertwebs and the Illinois gaming authority make
this pretty easy to research. The "sleepy" little strip mall outfits I
have seen are taking in 14 to 15 million in action per year. House win
is consistently between 7% and 10% of action. Usually around 8%. The
bars I'm familiar with are doing 6 to 8 million in action.

8% of 15,000,000 is 1,200,000. 30% of that goes to state and
municipality... leaving $840,000 to cover expenses. Even if I'm
missing something it looks like a pretty good investment. I wonder if
I'm too late to get into the wee casino business? Of course an
independent would have to give the slot operator their cut. Still....

C

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Posted by: C <cmayhem@comcast.net>
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Re: [vpFREE] Re: The Oregon Video Lottery

 

I replied earlier that I think machines in bars, etc. really hurt the casinos.  I don't frequent bars so I don't know how busy these machine are, buts here's what's wrong w/ this.  I'm guessing that the people playing these machines are folks stopping for a drink on the weekends after cashing checks, etc.  They are going to play any pay table & are probably not too skilled.  They are going to lose their $20/$50, whatever & are the exactly the people that the casino makes most of their money on.  No comments on my English grammar pls.

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Posted by: denniseudaley@yahoo.com
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Re: [vpFREE] Re: The Oregon Video Lottery

 

I agree. There are three of these joints within a couple of miles and I've never seen much activity in any of them.

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Posted by: wha724@comcast.net
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Re: [vpFREE] Re: The Oregon Video Lottery

 

$600 per machine per day. That's pretty amazing. When these started
popping up in in the Chicago burbs I was wondering how the numbers could
work. Strictly from a business perspective. For the bar owners it's a
no brainer. You're already managing a going concern. You pull the pool
table out of the back room and put in machines. The bar owners' slice
of the take is all gravy.

The strip mall outfits I couldn't quite wrap my head around. Could you
generate enough of a win from 5 machines to net a profit? There is
absolutely no other reason to enter one and no other real revenue
stream... and a fair amount of gambling competition in the area. In
the couple I've seen it sure doesn't look like they generate anywhere
near $600 per machine.

From a gamblers perspective, I can't figure out a way to make money.
There's no club allowed. The only advantage play I see is free candy
for players.

C

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Posted by: C <cmayhem@comcast.net>
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