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Full House Resorts Inc. Message Board

  • davidc334 davidc334 Mar 9, 2013 10:38 PM Flag

    Rising Star Revenues are falling off a cliff

    Check out the data from the Indiana Gaming Commission web site.

    You'll see Rising Star pulled in a mere $ $6,498,922 for February. This was far below the February figures for the past two years: $7.2 million and $7.3 million.

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    • David, what do you think the new Hotel will do for the Rising Star property? You have been hammering on 1 event for a while with the opening of the cincy casino... This is one event in 1 quarter. Will a new hotel not keep customers at Rising Star for longer? Will spend per trip increase? Management always talks about how the Rising Star customer base is different than one that will be served in Cincy or Cleveland. Would you also like to point at that the Rising Star is one of the smallest grossing casino's in Indiana? You don't think that a casino with this small of operations is susceptible to taking a hit? You seem shocked by all of this. Management knew of the Cincy casino opening.

      My question is: Whats your point? This seems stupid.

      I see you posing a problem. Is your statement just to post numbers and imply an issue then run away? What is your conclusion? In all of your posts you have said nothing about a conclusion. You generally don't have people check you like this huh?

      Even thought this company was founded as a "casino property management" firm, you don't think they will be able to continue to make money? Where does all this lead? Can you formulate that?

      • 2 Replies to jtyler2030
      • Your shining personality is showing again. I don't believe you work anywhere because nobody would stand for your tone. What is your position? Are you long or short? Are your recommending buy, sell, or hold? I own this in my 401K and was planning to hold for many years. However, as I already posted, I sold 30% the day of earnings. I wish I had sold more as I knew it would go lower and I could likely save 10%.

        Sentiment: Hold

      • A hotel will not even help make back half the business they are losing to Columbus and now Cincinnati. I take it you did not see the terrible February results from Rising Star. The only good news is they were not as bad as PENN. The bad news is this was FLL and PENN losing double digit percentages before Cincinnati opens.

    • the 12-month moving average is nosediving. I'm trying to post a scribd pdf file link but the mb won't let me. Anyone know how to get this done?

 
FLL
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