Make a road trip to Columbus next week:
"An eclectic group of celebrities will gather Monday morning to cut the ribbon at the long-awaited opening of Hollywood Casino Columbus. Ohio State University's two-time Heisman Trophy winner Archie Griffin, actress and entertainer Ann-Margret and former heavyweight boxing champion Buster Douglas will be part of the ceremonies, according to a media alert received from the casino's owner, Penn National Gaming Inc." (Columbus Business First, image via Associated Press)
The opening ceremony will begin at 10 a.m. The casino will open its doors to customers at noon, the business journal says. For a slideshow of the new casino, 180 miles to the west of Pittsburgh, click here.
... Meanwhile, to the east:
"Revenue from slot machines decreased slightly at Mohegan Sun at Pocono Downs in Plains Township for the third quarter compared to the same quarter last year, while revenue increased at Mount Airy Casino Resort in Monroe County. Numbers from the Pennsylvania Gaming Control Board show slots revenue decreased nearly 1.7 percent at Mohegan Sun, from about $60.2 million last quarter to $59.2 million this quarter, and slots revenue increased 3.7 percent at Mount Airy, from nearly $40 million last quarter to about $41.5 million this quarter." (standardspeaker.com)
Leadership -- and employment -- at Mohegan Sun is in flux: "The Mohegan Tribal Gaming Authority, operator of casinos in Connecticut and Pennsylvania, eliminated 282 positions and said Chief Executive Officer Jeffrey E. Hartmann is no longer with the company. Robert J. Soper, president and general manager of Mohegan Sun at Pocono Downs, was named president and CEO, effective Oct. 22, the tribal authority said yesterday in a regulatory filing, without saying why Hartmann left. The company expects costs of $8 million to $10 million as a result of the job cuts." (Bloomberg News)
... and in Pennsylvania, total year-over-year slots numbers are up slightly, but "same-store" numbers are down:
"Boosted by $4.3 million from play at the state's newest casino, Pennsylvania saw a slight increase in gross revenue from slot machines last month compared to the same period a year ago, according to state gaming board figures released this week.
However, the 10 'existing' casinos that were open in both September 2011 and September 2012 showed a 2 percent decline in gross slots revenue for the period. ... That slight rise came on the strength of the $4.3 million in gross revenue from slots at Valley Forge, which opened in March." (Associated Press)
Here are the state's September slots numbers.
"We know it's coming"
The Internet has damaged the business models of -- in no partcular order -- newspapers, the music recording industry, television, book publishing, and, coming soon, casinos:
"Two top casino executives and the heads of several gambling machine makers agreed this week that Internet gambling is inevitable and that U.S. companies and customers are vulnerable to overseas Internet poker operations. But the chief executives of Las Vegas-based MGM Resorts International and Las Vegas Sands Corp. differed during a keynote panel discussion with four other industry leaders at the Global Gaming Expo about whether states or the federal government are best able to provide oversight." (Associated Press)
Odds and ends
Drink, dining and hotel comps are good for casino patrons, but are they good for the casino's bottom line?
"A study of widely used complimentary offers at Atlantic City casinos finds that common giveaways such as free rooms and dining credits are less profitable -- and lead to unhealthy competition among casinos -- than alternative comps such as free travel and parking. The research, co-authored by Seul Ki Lee, an assistant professor at Temple University's School of Tourism and Hospitality Management, [found] that casinos could see additional game wagers of $8.45 from every dollar spent on their own travel and parking promotions compared to only a $2.51 return on every dollar spent on room, food or beverage giveaways."