there nothing bigger then black hawk for the bottom line.asca will be making money right out of the box. city center is great but it will be years before mgm makes any money on it. lvs singapore is big but lvs has over 660 million shares plus asca has less 53 millionshares. extra 1000 people in black hawk is like 10000 invegas.
opening of the hotel sept 29 in black hawk 536 rooms will increase asca room count over 25 %, to 2132 rooms st charles 397 kc 184 council bluff 160 east chicago 290 vicksburg,149 black hawk 536 jackpot 416 total 2132
Hopefully whoever is filling those rooms has money to gamble with.. I am guessing Ameristar will be reporting declining revs this quarter.. How much more can they contain expenses? I doubt if they can tighten up the payouts much more without really impacting the customers...
was there opening night and after 2am it was empty except for a few drunks, 24 hour opens will increase labor costs with few upside in earnings, big money doesn't go to denver to gamble, old ladies and tourist are asleep by 11. no value here and lots of debt!!
uniquely positioned to capitalize on ballot passage,facility will be only true destination resort in denver gaming market. took over three years
to build the hotel great timing and insight