GLG News by Experts in the Leisure & Lodging Council

Ron LodgePresidentLas Vegas Gaming Consultants

THE CASINO GAMING INDUSTRY HAS REACHED A VERY SERIOUS DOWN PERIOD

December 12, 2008

Analysis of:GAMING REVENUE DIVES AGAIN - RECESSION HAMMERS STATE'S CASINOS | www.lvrj.com

Gaming figures are substantially down. The tourist influx has faded to  rather poor numbers. How to deal with the recession, depression, business downturn, or what ever label we wish to place on it, is on every companies agenda. It has been for quite a while. What is the answer - hard to say at this point.  

Chicke FitzgeraldChief Executive OfficerSOLUTIONZ HOLDINGS

What will happen to the gaming industry as travel to Las Vegas declines?

December 5, 2008

Analysis of:Travel Numbers see steep decline [in Las Vegas] | www.klas-tv.com

Las Vegas has always enjoyed occupancy rates higher than the national average, but in the last few months, the economic situation plaguing the country has hit them hard.  Occupancy is down to 84%, which rivals post September 11th levels.  In the month of October, Las Vegas had a drop of 13% year over year, or nearly a half a million visitors.  Historically there has been a direct correlation between occupancy and gaming revenues.  That correlation weakened somewhat in the 90s when Las Vegas attempted to become a family destination.  Now that the city is squarely back in the "Sin City" role, the tie between hotel occupancy and gaming is very strong again. Factors to watch: - Air capacity and frequency declines - Visitor statistics - Occupancy rates - Proportional gaming revenue declines

Chicke FitzgeraldChief Executive OfficerSOLUTIONZ HOLDINGS

Financial markets react to the historic election of Obama - what of the travel industry?

November 6, 2008

Analysis of:Asia cheers Obama win, but Europe down | robots.cnnfn.com

With the economy as a clear priority of the new administration, the world markets reacted to the election of Barack Obama, with investors voting with their wallets. In Asia, the Nikkei, the major index for the Tokyo Stock Exchange, closed up 4.5%. South Korea's Kospi composite index finished with a 2.4% advance, according to Dow Jones. The Hang Seng index in Hong Kong ended up 3.7%. The Australian All Ordinaries index was up almost 3% at its close and the markets in Taiwan and the Philippines ended lower. European stocks and U.S. futures fell after Democrat Barack Obama was projected to have been elected President of the United States. London's FT-100 and Paris' CAC-40 eeach fell more than 2%, while Germany's Dax was about 1.5% lower. It remains to be seen how the markets will close today in Europe and how the US markets will react. But it is the longer term results that will matter.

Chicke FitzgeraldChief Executive OfficerSOLUTIONZ HOLDINGS

Is the reported "airline recovery" just the upside of the jetfuel roller coaster?

November 4, 2008

Analysis of:US airlines pull out of a tailspin | us.ft.com

Airlines are enjoying much lower fuel costs than they did in the summer of 2008.  Perhaps the use of the word "enjoy" and the notion that recovery is around the corner is a bit like a weatherman in the middle of a hurricane talking about tomorrow's sunshine.  At least that was the observation of a writer in Airline Weekly this week.  When the prices were high, the airlines kicked into high gear, cutting costs, trimming schedules, parking aircraft in the desert and finding ways to charge passengers for various services, previously offered gratis.  Now that the prices are low (remembering that everything is relative), will they hand off a slice of those profits to consumer?  Not likely! And what will be the impact on the other sectors of the industry?  The GDS companies depend on airline ticket sales for 90% of their revenues.  And the hospitality industry also caters to the air traveler as their primary market.  What will become of them?

Chicke FitzgeraldChief Executive OfficerSOLUTIONZ HOLDINGS

Is the reported "recovery" just the upside of the jetfuel roller coaster?

November 4, 2008

Analysis of:US airlines pull out of a tailspin | us.ft.com

Airlines are enjoying much lower fuel costs than they did in the summer of 2008.  Perhaps the use of the word "enjoy" and the notion that recovery is around the corner is a bit like a weatherman in the middle of a hurricane talking about tomorrow's sunshine.  At least that was the observation of a writer in Airline Weekly this week.  When the prices were high, the airlines kicked into high gear, cutting costs, trimming schedules, parking aircraft in the desert and finding ways to charge passengers for various services, previously offered gratis.  Now that the prices are low (remembering that everything is relative), will they hand off a slice of those profits to consumer?  Not likely! And what will be the impact on the other sectors of the industry?  The GDS companies depend on airline ticket sales for 90% of their revenues.  And the hospitality industry also caters to the air traveler as their primary market.  What will become of them?

Ron LodgePresidentLas Vegas Gaming Consultants

TROPICANA ENTERTAINMENT SHOULD MAKE A SUPREME EFFORT TO GET THE LOST ATLANTIC CITY PROPERTY BACK UNDER THEIR BANNER

October 28, 2008

Analysis of:OWNERS OF THE TROPICANA APPEAL-OFFICALS ASK REGULATORS TO RETURN CONTROL OF BELEAGUERED PROPERTY TO THEM | www.lvrj.com

Is it beyond possibility to get the Tropicana Atlantic City back under their control? How would the recapture of this property help the outlook for the future of Tropicana Entertainment? Will the New Jersey Gaming Commission really look favorably on this possible return of this property to Tropicana Entertainment hands?

Ron LodgePresidentLas Vegas Gaming Consultants

CLOSING ANY BUSINESS IS A HARDSHIP - CLOSING FLORIDA'S HARD ROCK HOTEL/CASINO'S IS JUST OUT OF THE QUESTION

October 16, 2008

Analysis of:SHUT DOWN HARD ROCK'S GAMING, STATES ATTORNEY GENEALS McCOLLUM SAYS | www.miamiherald.com

What benefit to the State of Florida would be closing several hotels and casinos? The loss of jobs, revenue and other valued assets is outlandish. The Attorney General must need some economic tutoring - he is way off base - could there not be other ways to approach the situation the Seminole's face with full blown Las Vegas style gaming?

Ron LodgePresidentLas Vegas Gaming Consultants

THE CASINO COMPANIES WITH PROPERTIES IN MACAU CAN REST A BIT EASIER

October 15, 2008

Analysis of:MACAU UP, BUT STRIP WEAK - WYNN RESORTS | www.lvrj.com

Will the play in Macau continue to give a big boost to American based companies? I am sure, that as the market starts to recoup you will find added interest in this area of intense gaming. I can't think of another place that creates as much dollars invested by players on a regular basis. It's what is keeping some of the top gaming companies looking better than expected during the business and economic drop.

Ron LodgePresidentLas Vegas Gaming Consultants

THE GOVERNMENT OF CHINA ADDING TOURISM RESTRICTION FOR MACAU

October 6, 2008

Analysis of:MACAU DROP-OFF HURTING LAS VEGAS | www.lvrj.com

Tourists restrictions in general usually will help bring more interest to an area. In the case of Macau, the Chinese powers to be seem to be hurting business. What's their plan - there is to much investment capital invested and planned to be invested for the government to be brainless in this matter. It does not say much for the top decision makers and their business and marketing prowess.

Ron LodgePresidentLas Vegas Gaming Consultants

JUST ANOTHER HIT FOR LAS VEGAS WHEN THE GAMING LOCALS MARKET NEEDS SOME HELP

September 26, 2008

Analysis of:BUSINESS SHUTS LAS VEGAS AUTO OUTLETS - TWO DEALERSHIPS CLOSE IN SLUMPING ECOMOMY | www.lvrj.com

The closure of an auto dealership in general is no big deal. The loss of many dealerships under the same banner can't be a good sign. The trickle down effect of losing jobs could hurt gaming in the local market. Loss of income means less people at the gaming table and slots. We can hardly afford more problems. 

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