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Lakes Entertainment, Inc. Message Board

  • littleturtle5656 littleturtle5656 Sep 5, 2013 1:52 PM Flag

    Rocky Gap August Revenues

    Rocky Gap August revenues were $2,158,000, up from $1,867,000 in July. Since opening, each month has shown a nice increase. Slots were up $232,000 (15%) and table games were up $59,000(17%).

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    • Turtle, are you calculating net? Gross was $4 million for Rocky Gap. Still way on the bottom in Maryland but only 2 mil and change from Ocean Downs (no table games). In terms of casinos the same size as Rocky Gap in the US, LACO is second behind Valley Forge in PA.

      • 1 Reply to cnoinvestor
      • Cno. google "Maryland gaming commissioners" about the 5th or 6th of
        each month. About the 2nd or 3rd item will the Maryland Gaming
        Commission. Click it and then click the monthly report. The report
        will give both gross and net. RG taxes are 50%, so casino share
        is 50%. Also, remember machine cost from purchase to repairs is
        Maryland cost. Slot purchase depreciation and repairs generally
        run 10% to 15% of slot profit, so comparing slot locations is
        apples and oranges.

        Sentiment: Strong Buy

    • Lil, your per cent increase appears to have been done with a pencil, mine was a top
      of the head calculation. I like your method better. Therefore, I will defer to your reporting
      of monthly sales change in the future. Glad to see you back on message boards,
      Endless self congratulatory messages are fun, but do not add to awareness; so
      keep adding informational messages. Also, I feel the future of LACO growth is
      just beginning.

      Sentiment: Strong Buy

 
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