Ohio's urban casino future

November 4, 2009
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Ohio residents looking to be separated from their bank accounts via one-armed bandits won't have to cross borders soon, thanks to a vote yesterday. See story here.

Anyone surprised by this vote might also be shocked to learn that many theater companies will be staging "A Christmas Carol" next month

Indiana casinos, of course, will feel the impact. But could that impact have been mitigated if our casinos had, during their relatively competition-free grace period, done more to develop themselves as destinations beyond the slot machines? In hindsight, was the "oasis" strategy of putting casinos in less-populated areas counter to what the market really wants? Will you be more likely to stop into a Cleveland or Columbus casino simply because you are more likely to find yourself in Cleveland or Columbus than you are in Hammond or French Lick?

And what can Indiana casinos do now to retain and, if possible, actually grow their audiences?

Your thoughts?


 

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  • Fail
    The "oasis" strategy didn't work. Sure, it made sense to put them up near Lake Michigan, and I think French Lick will ultimately be a good destination. However instead of the two racinos, it would have made so much more sense to put a casino in Downtown Indy. With our convention traffic, it would have been a hit year around, not to mention bring even more locals downtown. It is a missed opportunity now.
  • The Party is Over
    A casino in Indianapolis or Fort Wayne would be a terrible idea. It would only shift existing entertainment spending from locals and not bring in any "new" money from out of state to our economy. We already have two casinos within a 30 minute drive, a downtown off track betting parlor, Hoosier Lottery sales,and countless "charity" gambling venues.

    Just waiting for some politician to suggest legal sales of marijuana or prostitution.
  • Anderson to Indy
    The need to close the struggling Anderson Hoosier Park Racino and move it to downtown Indy to capture all the possible revenue from conventions, Final Fours, Super Bowl, Indy 500 visitors Etc. That would bring in a lot more out of town money than Anderson, which was once a nice City, but now is a shadow of itself and smaller than Carmel, Fishers, Greenwood, and Avon.
  • Casinos
    The original thinking on the tracks was to help Indiana's struggling horse industry. At least that's how legislators sold gambling to the public. It was an awful mistake to locate the first track in Anderson instead of in Marion County. It was a bad decision to open a second track. Our gambling boats have raked in a lot of out-of-state money, which subsidized the horse tracks. That's probably over now.
  • Casinos
    The original thinking on the tracks was to help Indiana's struggling horse industry. At least that's how legislators sold gambling to the public. It was an awful mistake to locate the first track in Anderson instead of in Marion County. It was a bad decision to open a second track. Our gambling boats have raked in a lot of out-of-state money, which subsidized the horse tracks. That's probably over now.
  • No Casino In Indy
    Indianapolis casino supporters are not going after "out of town travelers". They are targeting residents of the largest city in Indiana. Of course, uneducated center township residents would be the biggest patrons.

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  1. How can any company that has the cash and other assets be allowed to simply foreclose and not pay the debt? Simon, pay the debt and sell the property yourself. Don't just stiff the bank with the loan and require them to find a buyer.

  2. If you only knew....

  3. The proposal is structured in such a way that a private company (who has competitors in the marketplace) has struck a deal to get "financing" through utility ratepayers via IPL. Competitors to BlueIndy are at disadvantage now. The story isn't "how green can we be" but how creative "financing" through captive ratepayers benefits a company whose proposal should sink or float in the competitive marketplace without customer funding. If it was a great idea there would be financing available. IBJ needs to be doing a story on the utility ratemaking piece of this (which is pretty complicated) but instead it suggests that folks are whining about paying for being green.

  4. The facts contained in your post make your position so much more credible than those based on sheer emotion. Thanks for enlightening us.

  5. Please consider a couple of economic realities: First, retail is more consolidated now than it was when malls like this were built. There used to be many department stores. Now, in essence, there is one--Macy's. Right off, you've eliminated the need for multiple anchor stores in malls. And in-line retailers have consolidated or folded or have stopped building new stores because so much of their business is now online. The Limited, for example, Next, malls are closing all over the country, even some of the former gems are now derelict.Times change. And finally, as the income level of any particular area declines, so do the retail offerings. Sad, but true.

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