Showing posts with label Maryland's Hollywood Casino. Show all posts
Showing posts with label Maryland's Hollywood Casino. Show all posts

Wednesday, September 26, 2012

Maryland's deceptive casino advertising


Maryland’s deceptive casino advertising

 

Question 7 will be on the ballot this November. If approved a sixth casino will be built in Prince George’s County Maryland, table games will be permitted in existing casinos and the number of total slot machines in the state will rise from 15,000 to 16,500. A fierce media battle has ensued between its ardent supporters and enthusiastic opponents. Pro-forces believe that passage of this question would increase tax revenues, bring new jobs to Maryland, provide more funds for the education system and make gaming venues in the state more competitive with the surrounding states. Opposition forces believe that another casino will saturate the casino market reducing profits at existing sites, provide no guarantees that increased revenues will be targeted for education purposes and further enhance the possibility of gambling addiction in the state. Another question brought to the surface in the last few weeks, who will be the benefactors of the new jobs created. Will these be only union shops or will non-union workers be accepted into the mix? Radio and visual media have been saturated with commercials, with the majority of ads on the pro side of the issue. Wherever your thoughts drift to on this issue, the pro commercials are less than truthful. Charles Town Hollywood Casino in West Virginia already has table games so new jobs are not flying out of the state to this location. In a similar fashion, Delaware’s three casinos instituted table games several years ago, therefore no net jobs are finding their way to our small neighbor to the north. During the week Delaware Park’s table games go begging for usage many nights. The argument that Maryland is losing jobs to other venues for lack of table games is erroneous. Question seven does not guarantee that any additional revenues will be directed towards education or to someone’s wind farm project, yet the pro commercials tout this prospect as real. Maryland’s Hollywood Casino has loss significant revenue since Maryland Live has opened. A sixth casino could rip a financial hole in Maryland Live’s revenues. The latter casino has already seen a fall-off in patronage during the week. Maryland can only tighten their slot payouts so much before people go to other venues. Many have already discovered their buck goes much further in neighboring states. Poor planning, greed and mischaracterization of the benefits gambling would bring to the state have put the gaming industry in Maryland into a turmoil. Instead of worrying about expanding, the Governor and his minions should consider strengthening the venues already built because failure of these facilities appears to be a real possibility. Mark Davis MD, platomd@gmail.com author of Demons of Democracy and the forthcoming book, Obamacare: Dead on Arrival.

Tuesday, August 7, 2012

Maryland's Hollywood Casino: Is Bankruptcy next


Maryland’s Hollywood Casino: Is bankruptcy next



Penn National, the owners of Hollywood Casino in Perryville, has requested that up to five hundred slot machines leased from the State of Maryland to be removed from its premises. Ownership states that Hollywood Casino has had a significant drop in revenue since Maryland Live in Anne Arundel County has opened. Before its competitor opened the number of weekly patrons declined significantly. Week nights at Hollywood there may be more casino employees on the floors than patrons. Penn National with the blessings of the State of Maryland has set their slot machines to the lowest payout mode possible. Twenty dollar bills evaporate in a matter of seconds, hundred dollar bills in a few minutes. This thesis is easily tested by anyone with the fortitude and finances to make the trek to this out of the way facility in Cecil County. The old adage build them and they will come is partially true. In the case of Hollywood Casino, patrons came but left when the machines went into no payout mode. Many of the floor personnel are aware of the situation and readily admit it is a problem for the casino. A few technical people note Hollywood’s slots are set to a high payout, but a lie can only go so far. Casino management cannot blame Maryland’s newest casino as the major cause of its decline in revenue and patronage.  Those who use to be regular attendees of this facility knew when the house was not paying and they were not paying. Deceptive advertisements of winning jackpots are flashed across large screens throughout the casino’s environment. A closer look will display a small number of low payouts interspersed with a rare high payout from the prior two months. This is pennies to a facility that rapes most of its patrons on each visit. With a reduction in slot machines and the potential for table games Penn National may be able to stay solvent. At this point in time their future looks bleak and getting worse daily. Cecil County is benefitting from funds drawn from a facility that steals from its customers, which make this county and the state accessory to fraud. There is gambling and then there is stealing, Maryland has moved onto the latter to enhance revenues for the treasury. Penn National should have studied the history of casinos that went under before opening Hollywood. There vast experience in other locations will not help in a state where fraud is common in its government and greed the currency by which things come to fruition. Watch for the auction sign along Route 95, when Penn National finally throws in the towel. Mark Davis MD author of the forthcoming book Obamacare: Dead on Arrival. platomd@gmail.com