Good for NYRA

[asudevil]

http://www.nypost.com/p/news/local/b...u4QJ1dpMy4ciTI

[Calzone Lord]

$15 million in 10 days in New York city??

Here's Presque Isle Downs latest reported week:

Gamblers wagered $41.3 million on slot machines at Presque Isle Downs & Casino during the week of Oct. 24-30.

The amount returned to gamblers was $37.4 million, the Pennsylvania Gaming Control Board reported.

The gross revenue -- the amount of gamblers' losses -- was nearly $3.1 million, after subtracting $907,221 in promotional free plays. Of that, nearly $1.7 million went to the state and nearly $1.4 million to the casino.

During a comparable week in 2010, Oct. 25-31, gamblers wagered $40.2 million.

The record for slots wagers in one week was $57 million, set July 5-11, 2010.

[Indian Charlie]

Originally Posted by Calzone Lord

$15 million in 10 days in New York city??

Here's Presque Isle Downs latest reported week:

Probably fudged the numbers downwards.

[Calzone Lord]

Originally Posted by Indian Charlie

Probably fudged the numbers downwards.

Maybe they have higher takeout machines and don't whore out free play vouchers.

[asudevil]

Originally Posted by Calzone Lord

$15 million in 10 days in New York city??

Here's Presque Isle Downs latest reported week:

Presque Isle has 44 table games and a poker room. I don't believe that the figure is just slots. Aqueduct has neither....yet. The drop on 44 table games is huge. So the numbers aren't very comparable.

[Calzone Lord]

Originally Posted by asudevil

Presque Isle has 44 table games and a poker room. Aqueduct has neither....yet. The drop on 44 table games is huge. So the numbers aren't very comparable.

The table games and poker aren't included in the figure. Just slots.

They had neither table games nor poker at this time last year.

[blackthroatedwind]

The Resorts World Racino is also operating at about half capacity right now.

[Calzone Lord]

Originally Posted by blackthroatedwind

The Resorts World Racino is also operating at about half capacity right now.

There aren't enough fat, stupid, mountain women living in NYC. Your company needs to go find them and bus them in.

They rule the PID slots floor with an iron fist.

[parsixfarms]

The numbers don't appear to be consistent in the article. If, as suggested early in the article, however, that the net revenue is about $1.5 million per day, then the "handle" is about 9X that amount (or about $135 million over ten days).

[Calzone Lord]

Originally Posted by parsixfarms

The numbers don't appear to be consistent in the article. If, as suggested early in the article, however, that the net revenue is about $1.5 million per day, then the "handle" is about 9X that amount (or about $135 million over ten days).

I see they are closed for four hours a day. PID is 24 hours a day.

$135 million in handle over 10 days would be VERY impressive -- considering they have about as many slots machines operating as PID does now.

[asudevil]

Should be interesting to see how many owners/trainers decide not to ship to FL this winter. Doesn't the purse structure increase some 30% starting Januarty 1st?

[parsixfarms]

Originally Posted by asudevil

Should be interesting to see how many owners/trainers decide not to ship to FL this winter. Doesn't the purse structure increase some 30% starting Januarty 1st?

Yes. Open maidens will be running for $60K going short and $65K going long. $10,000 claimers will be running for $31K. State-bred purses will be $10K less than their open counterparts.

[pointman]

As Andy pointed out, they only have 2,200 machines running right now and will be opening a new floor with another 2,500 machines in December. If they end up getting table games, which is a very real possibility now that there is a legitimate entity running the operation and considering the State of New York's finances and how desperate the politicians here are for more money to spend, this casino can generate multiple times more than that.

I was there Friday to see Pal and the place was packed, including the racetrack portion, though that was likely atypical as it was Breeder's Cup Friday. I hope they plan on putting money to upgrade the track facilities as well as the Casino as it felt like the same old rundown Aqueduct for the horseplayers with a opening in the wall to elevators that was very nicely redone leading to the beautiful newly built casino. Parking was hell as well which is something I have NEVER experienced at the Big A.

[blackthroatedwind]

Originally Posted by parsixfarms

The numbers don't appear to be consistent in the article. If, as suggested early in the article, however, that the net revenue is about $1.5 million per day, then the "handle" is about 9X that amount (or about $135 million over ten days).

Just reading the article I assumed the same thing as far as what the $1.5 million per day meant.

[asudevil]

Originally Posted by pointman

As Andy pointed out, they only have 2,200 machines running right now and will be opening a new floor with another 2,500 machines in December. If they end up getting table games, which is a very real possibility now that there is a legitimate entity running the operation and considering the State of New York's finances and how desperate the politicians here are for more money to spend, this casino can generate multiple times more than that.

I was there Friday to see Pal and the place was packed, including the racetrack portion, though that was likely atypical as it was Breeder's Cup Friday. I hope they plan on putting money to upgrade the track facilities as well as the Casino as it felt like the same old rundown Aqueduct for the horseplayers with a opening in the wall to elevators that was very nicely redone leading to the beautiful newly built casino. Parking was hell as well which is something I have NEVER experienced at the Big A.

That's funny you said that...I was there for the opening and it felt like you walked through a 40 year time warp.

[philcski]

Originally Posted by Calzone Lord

$15 million in 10 days in New York city??

Here's Presque Isle Downs latest reported week:

It's $1.5 million in hold per day... so approximately $18.75 million per day wagered based on NYS VLT's payout of 92%. I'd expect these numbers to reach triple that when the casino is full operational.

As for table games- most casinos have a 70/30 revenue split between slots/tables so the increase in revenues won't be as much as you'd might think if it were just replacing other games. However- it does bring in a lot more people who wouldn't be caught dead pushing buttons who in turn bring people who won't play table games- so the net hold increases based on more total players significantly.

[Calzone Lord]

Yeah -- that was some seriously sloppy wording in the NY Post article.

The handle for table games isn't ever reported in the paper here. Once a month they will report the table games revenue though. Basically what's cleared. The slots figures get reported in the paper every week.