Sign In | Create an Account | Welcome, . My Account | Logout | Subscribe | Submit News | Contact Us | All Access E-Edition | Home RSS
 
 
 

Casino Fee Bill Faces Opposition

Some delegates want tracks’ financial information

April 5, 2013

WHEELING — Delegate Erikka Storch knows how important Wheeling Island Hotel-Casino-Racetrack is to the local economy, but she also knows many of her fellow Republican lawmakers oppose the fundamenta......

« Back to Article

 
 
sort: oldest | newest

Comments

(8)

wvujeff

Apr-06-13 8:07 AM

In this particular case, reducing the table games fee would help Wheeling Island Casino financially justify maintaining the table games. Even though they would not be operating that portion of their business at a significant profit, a small loss or break-even could be justified by the potential revenue being gained on the other "profit centers" in the casino by the table games guests.

What I know is this: I frequent Wheeling Casino as a guest, and once served as a sales rep who had the casino as a client. Table games patrons typically DO NOT spend their time and money on the slots as most of you would think. Table games brought them, and their money, to the casino, and playing the table games is where they stay. So, the collateral profit isn't going to be as high as most of you probably think.

Wheeling Island Casino is justified in seeking the reduction, and for cutting loose the table games if it doesn't happen.

0 Agrees | 0 Disagrees | Report Abuse »

wvujeff

Apr-06-13 8:01 AM

Since no one else wants to post common sense, I'll do it for all of you. Table gaming at Wheeling Island Casino operates at a substantial loss. Four competitive Casinos -Scioto Downs, Mountaineer Racetrack, The Meadows, and The Rivers Casino - are all within a 2-hour drive of Wheeling, WV. All of them offer table gaming, creating a very high level of competition for table gaming dollars and slot dollars.

Now for some common sense: A business has several different "profit centers". In this case, Wheeling Island has dog racing, slots, table games, a gift shop, and restaurants to help drive profit. If, or when, one of those "profit centers" begins to operate at a substantial loss, businesses typically cut that portion of their business to salvage the profit that is being lost.

0 Agrees | 0 Disagrees | Report Abuse »

richardwhee

Apr-05-13 12:00 PM

Did management at the casino take a pay cut to keep their job? Something I doubt. Everybody and I mean all want a hand out from the Gov. City, state and fed. It all depends on who cries the loudest and has the most leverage.

0 Agrees | 0 Disagrees | Report Abuse »

CTMountaineer

Apr-05-13 11:21 AM

State government is mostly concerned with getting money for the bottomless pitt that is southern West Virginia. They could care less about jobs in Ohio County, or anywhere north of Sutton.

1 Agrees | 0 Disagrees | Report Abuse »

wvhoopie2

Apr-05-13 10:56 AM

Every one wants their taxes cut. Some states have no income tax. Some sates have no taxes on pensions. But, with the big boom in natual gas and oil you would think the WV could start cutting the individuals taxes. What party is for cutting my taxes will get my vote in the future.

1 Agrees | 0 Disagrees | Report Abuse »

cigarbob

Apr-05-13 9:36 AM

It does not matter whether This passes or not,come July the table games will be gone. The bill is not giving Delaware North anything. If passed, it will lower the fee for table games and lower what if gives the casino for new slot machines by 50 per cent.The removal of table games at Wheeling Island has been two years in the making and will be done in July. This fee is just a way for Delaware North to blame the state. The casino in Ohio where Simms went to run, is also owned by Delaware North.

0 Agrees | 1 Disagrees | Report Abuse »

mikeyd

Apr-05-13 7:46 AM

you sell what there is a demand for.minimum wage jobs are all over the place.close it down if your truly losing money.the greedy don't want to lose their money.they'll go somewhere else.plenty of sins out there to make a profit from.

1 Agrees | 0 Disagrees | Report Abuse »

legal6

Apr-05-13 1:23 AM

The daily partisan edition of Pravda. Never both sides and always bashing racing. Every job is sacred, but do we need to babysit a casino that has taken hundreds of millions in profits from WV. If we don't give them what they want they'll take their vice and go home. 105 miminum wage tip jobs of people in which most of the 105 live in Pa. and Oh. Don't research that though lack of intelligencer! Does anyone, who has seen how horribly managed that casino is, really believe that the out of State owners really care about 105 minimum wage tip jobs? Now their President has gone to the competition in Oh. to hurt WV even more by stealing customers. If you don't make money on table games, get rid of them. It's a proven fact and stated by management that racing makes them money.

1 Agrees | 0 Disagrees | Report Abuse »

Showing 8 of 8 comments
 
 

Post a Comment

You must first login before you can comment.

*Your email address:
*Password:
Remember my email address.
or
 
 

EZToUse.com

I am looking for: